Supply Chain Shaman

APRIL 15, 2020

This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Replenishment will vary more than ever market-by-market—focus planning models on markets. Be open to different forms of modeling. Recovery Team.

Supply Chain Planning Software 439

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 439

ToolsGroup

MAY 30, 2018

There has been a lot of discussion around this topic lately and I wanted to offer a few insights, including around the importance of the data model in high-quality decision making using digital twins. These are virtual counterparts to the physical world that model a product’s uniqueness and its lifecycle.

Modeling 168

Modeling Modeling Software Supply Chain Planning Software Optimization Modeling 168

Supply Chain Shaman

MAY 26, 2023

The basic frame of supply chain planning–functional taxonomies for optimization on a relational database–must be redesigned before supply chain leaders can reap the benefit of deep learning, neural networks, and evolving forms of Artificial Intelligence (AI). Or a unified data model across source, make, and deliver for planning?

Optimal Sourcing 341

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 341

DELMIA Quintiq

SEPTEMBER 22, 2021

An increasing lineup of advanced digital solutions have given manufacturers the edge to transform and achieve better inventory control. The manufacturing industry is constantly searching for new and inventive ways to improve inventory management. Types of inventory that can be optimized.

Inventory Management Software 294

Inventory Management Software Inventory Reduction Inventory Management Optimal Sourcing 294

Supply Chain Shaman

JUNE 9, 2023

The discussions included the pros and cons of probabilistic versus deterministic optimization, advancements in Artificial Intelligence (AI) and Deep Learning, and improvements in Machine Learning. Each box has an optimizer that drives output from a model based on a functional definition using enterprise data.

Optimal Sourcing 305

Optimal Sourcing Supply Chain Planning Software Supply and Demand Manufacturing Procurement 305

Supply Chain Shaman

JULY 31, 2024

How should a global manufacturer make a decision? In short, the research tells me that the manufacturing industries are stuck. In contrast, for a global manufacturer, the answer is more complex. Coefficient of Determination or R² measures how well a statistical model predicts an outcome. ) What defines a feasible plan?

Supply Chain Planning Software 363

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 363

Logistics Viewpoints

FEBRUARY 20, 2024

Optimization and simulation are the two main branches of SCND. Optimization accounts for over 90% of all work that is being done by SCND teams. This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model.

Sourcing Strategies 245

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 245

ivalua

MAY 6, 2020

The key to Zara’s ability to establish an agile Supply Chain rests on the following unique approaches: Procurement Methodology: Zara’s Procurement team doesn’t work on the number of finished clothes but on the quantity of raw materials needed to manufacture the clothes.

Agile and Lean Supply Chain 37

Agile and Lean Supply Chain Optimal Sourcing Manufacturing Procurement Procurement 37

Supply Chain Shaman

NOVEMBER 21, 2022

” As I dipped my spoon into some scrumptious chestnut soup at a great restaurant, my companion asked, “With the advancements in optimization and self-learning, aren’t we close to having self-driving supply chains?” The perspective of a manufacturing leader is quite different than that of a business leader in logistics.

Supply Chain Planning Software 297

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 297

ToolsGroup

JANUARY 21, 2020

Boston and Paris, 21 January 2020 – ToolsGroup, a leader a global leader in supply chain planning software, announces that Allopneus, France’s number one tire retailer, has chosen ToolsGroup Service Optimizer 99+ supply chain planning software to optimize inventory and respond ever more swiftly and effectively to customer requirements.

Optimal Sourcing 35

Optimal Sourcing ToolsGroup Inventory Reduction Optimization Software 35

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. What is a Total Cost of Ownership Model? Where do these TCO Models break down?

Optimal Sourcing 103

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 103

Logistics Viewpoints

APRIL 6, 2023

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

Optimal Sourcing 203

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 203

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. The distribution models were never tested when implemented. As a result, after four years of the initial go-live, the team blindly used planning models, distorting the plan. I encourage all to backcast to test and improve their models. The reason? Just ask Anna.

Supply and Demand 384

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 384

SYSPRO Smarter ERP

MAY 30, 2022

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. According to SYSPRO Research 70% of manufacturing businesses experienced material handling and supply chain disruptions during the pandemic.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demand planning.

Optimal Sourcing 174

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 174

Logistics Viewpoints

AUGUST 23, 2021

Those include trust issues, the operating model, and technology. The sooner a company knows a planned delivery is apt to be late, the more options there are to cost optimally mitigate the situation. Make messages allow a company to monitor the quality of goods produced by a contract manufacturer or key suppliers.

Optimal Sourcing 286

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Modeling Software 286

ToolsGroup

DECEMBER 17, 2020

We saw this right at the start of the pandemic, when parts being manufactured in Wuhan province disrupted car manufacturers’ production lines around the world. These disconnections can seriously hurt manufacturers and retailers in today’s online, service-driven economy where consumer expectations are defined by the Amazon experience.

Supply Chain Planning Software 275

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 275

Supply Chain Shaman

FEBRUARY 1, 2024

Optimization engines to improve functional metric performance resulted in an exploding number of planners. Through the use of a NoSQL unified data model, the company is able to now move data within 15-minute increments improving the data flow for inventory availability to improve allocation and ATP processing. On average, it takes 2.8

Supply Chain Planning Software 340

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 340

Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. For this to happen, finance needs to be in lockstep with procurement.

Supply Chain Design Software 250

Supply Chain Design Software Optimal Sourcing Modeling Supply Chain Planning Software 250

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Manufacturers can gather valuable granular data such as the time an item spent in storage, at what temperature, how long it took to sell, the length of time between purchase and fulfillment and how long it spent in transport. ML is an AI technique consisting of complex algorithms and models that can be used for prediction.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

ToolsGroup

JANUARY 13, 2021

In the vein of resilience, ramping up optimization of the use of available supply to achieve service level using digital models will be critical. Of course trade-offs of higher manufacturing costs are balanced against reduced inventory costs, lower freight/logistics costs, lower duties and taxes, etc. applications of the future.

Supply Chain Planning Software 272

Supply Chain Planning Software Predictive Analytics Software Supply Chain Planning Scenario Planning 272

SYSPRO Smarter ERP

MAY 30, 2022

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. According to SYSPRO Research 70% of manufacturing businesses experienced material handling and supply chain disruptions during the pandemic.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 98

Supply Chain Shaman

JANUARY 21, 2014

In companies, there is no standard model for demand processes. For example, in a hospital, it is the translation of usage in a procedure to hospital order to a distributor and the translation of that usage to an order for a manufacturer. Most companies have designed supply-centric processes from the inside-out. It is evolving.

Supply and Demand 326

Supply and Demand Modeling Demand Planning Software Forecasting 326

Logistics Viewpoints

MARCH 17, 2022

It is one of those high-end brands with global recognition, and to my surprise, the manufacturer’s own website did not have any stock and no indication on when it would be available. Network cost modeling. Self-learning models provide modeling agility. so I went online to order it. Automated forecasting processes.

Supply Chain Planning Software 292

Supply Chain Planning Software Forecasting Software Analytics Software Supply Chain Network Software 292

ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How AI Is Changing the Manufacturing Industry.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

Logistics Viewpoints

FEBRUARY 28, 2022

Further, while artificial intelligence helps solve certain types of problems, Jay Muelhoefer – the chief marketing officer at Kinaxis pointed out – optimization and heuristics work better for other types of planning problems. So, models for heavy process industries often include first principle parameters.

Optimal Sourcing 286

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 286

Logistics Viewpoints

SEPTEMBER 19, 2023

Supply chain executives must evolve from cost and service as the key objectives for optimal demand-supply balancing towards the “quadfecta” of cost, service, resiliency, and sustainability. Lean manufacturing also focused on managing these operational risks, especially within the four walls of the enterprise.

Supply Chain Design Software 247

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 247

Supply Chain Shaman

JUNE 23, 2020

Future growth is dependent on selling the current solution, but the existing convention/platform, as shown in Figure 3, is not the right model for today’s supply chain. Several false assumptions underly current supply chain planning solutions: -Companies could systemically apply optimization to decisions to drive improved outcomes.

Supply Chain Design Software 292

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 292

ToolsGroup

APRIL 11, 2018

Digital transformation ” is tough for any firm, but when you are $9 billion industrial manufacturer, it is a sizable undertaking. At last week’s TG18 ToolsGroup user event , global bearing manufacturer SKF laid out an impressive review of their transformation to “ Integrated Planning ”. An Integrated Planning Model Vision.

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 222

Supply Chain Shaman

JUNE 6, 2013

This includes optimization and discrete event simulation. More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies. Tactical Planning: This process is usually monthly.

Supply Chain Planning Software 279

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 279

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Seen optimistically, this challenging trade environment is a catalyst for a slew of innovative measures and creative tactics to mitigate tariff costs – although one could argue that supply chain optimization from a cost and performance perspective is something that firms should already be doing on an ongoing basis. This practice is illegal.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

ToolsGroup

MARCH 17, 2020

Macro events like the Coronavirus crisis trigger demand volatility that affects every link in your global supply chain—from the raw materials you procure to setting safety stock levels to planning logistics and promotions. Use demand modeling to fine-tune demand forecasts. Utilize automatically optimized “fair share allocation”.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

Resilinc

MARCH 26, 2024

In this blog, we explore the different types of predictive AI models for supply chain risk management. Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. How does Resilinc use regression models?

Modeling 109

Modeling Supply Chain Risk Management Modeling Software Risk Management 109

Logistics Viewpoints

MARCH 8, 2021

Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. Belcorp Corporation, headquartered in Peru, manufactures cosmetics and personal care products for women in 14 nations across South and Central America.

Supply Chain Design Software 273

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 273

Logistics Viewpoints

APRIL 19, 2023

Autonomous Planning in Supply Chain At its core, autonomous supply chain planning entails making decisions to optimize the delivery of goods and services from supplier to customer without the need for human intervention. DC procurement is also automated by aggregating the needs of the MFCs. It is comparable to autonomous cars.

Supply Chain Planning Software 235

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 235

ivalua

JULY 10, 2019

Best practice supply chain & procurement capabilities now available for rapid deployment to manufacturers. Redwood City, CA July 10, 2019 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the availability of a pre-packaged suite of solutions for manufacturers.

Manufacturing Procurement 113

Manufacturing Procurement Optimal Sourcing Packaging Manufacturing 113