Supply Chain Shaman

FEBRUARY 18, 2021

I am currently working on a couple of case studies for this blog on how business leaders used digital twin modeling during the pandemic. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP.

Supply Chain Planning Software 285

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 285

Supply Chain Shaman

OCTOBER 1, 2013

OI has been more focused on transactional efficiency, procurement and IT standardization. As I write my new book, Metrics That Matter, I am studying the patterns of corporate performance based on choices in supply chain program execution. It cannot be accurately represented by studying two years, or even three.

Illinois 253

Illinois Waste Reduction S&OP Supply Chain Planning Software 253

Supply Chain Shaman

JUNE 6, 2013

In research study after study, we see that the greatest challenge to achieving supply chain excellence is the understanding of the supply chain by the leadership team. Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. Metrics Alignment. They lack cohesion.

Supply Chain Planning Software 280

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 280

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). As a B2B company, procurement management is essential.

Supply Chain Software 30

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Supply Chain Shaman

MARCH 21, 2024

In my forty years of studying supply chain planning, the groups became larger, but with questionable results. The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. Lack of aligned metrics. Surprisingly to most, the work became more efficient and less political.

Inventory Reduction 403

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Supply Chain Shaman

MAY 14, 2013

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. When companies look at singular metrics (labor costs or inventory), they have moved backwards. Aligning metrics matters. Functional metrics in isolation degrade value. It is clear basics matter.

Supply Chain Design Software 256

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 256

Supply Chain Shaman

JUNE 16, 2014

I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear. They also enable the evaluation of networks for both sales and procurement relationships to optimize the flows upstream and downstream. And, in our Digital Manufacturing Study.

Supply Chain Design Software 287

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ivalua

SEPTEMBER 22, 2022

In May 2022, Ivalua commissioned Forrester to survey over 400 procurement leaders across the globe to ask how they plan to minimize the frequency and impact of supply disruptions. This places limitations on the value that procurement generates for your organization and impacts the resilience and agility of the supply chain.

Supply Chain Planning Software 130

Supply Chain Planning Software Study Procurement Solutions Procurement Analytics 130

Supply Chain Shaman

NOVEMBER 9, 2014

“I study supply chains. In our work, we tie research from quantitative and qualitative studies to financial results to drive new insights. This starts by clearly defining the roles of each function, and then focusing the cross-functional teams on the same metrics. I am passionate about it. What do you think?

Manufacturing Procurement 286

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Supply Chain Shaman

JUNE 3, 2013

In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. The widely-held view was that the e-procurement market would fuel the next generation of marketplace applications. The rebirth of marketplace offerings is not on the back of e-procurement or ERP. The debates were heated.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 259

ToolsGroup

SEPTEMBER 25, 2019

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. BOSTON, Mass. and HOUSTON, Tex.

Supply Chain Planning Software 136

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Supply Chain Shaman

SEPTEMBER 28, 2022

As a result, companies are writing new case studies through their actions or inaction. In this volatile world, efficient procurement led by a CFO is not the answer. Companies driven by functional metrics struggled: they could not adapt quickly to the higher transportation costs.). Business continuity is the overarching issue.

Manufacturing Procurement 195

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GlobalTranz

NOVEMBER 30, 2021

When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Harvard Business Review Analytic Services study?report

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

Kinaxis

MARCH 7, 2018

by Alexa Cheater Avaya: A supply chain management case study. Tracking success: Metrics matter. Now Avaya is leading the way, exceeding industry benchmarks in 11 key metrics. Rigorous tracking of these metrics helps Avaya feel confident it’s on track to realize success. Procurement spend analysis. Supply planning.

Supply Chain Planning Software 141

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Case Study 141

ivalua

NOVEMBER 26, 2019

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage. Stay Flexible.

Optimal Sourcing 100

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 100

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The Effective Frontier.

Optimal Sourcing 173

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 173

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Supply Chain Shaman

OCTOBER 20, 2012

We are trying to understand how supply chain leaders have raised the bar at the intersection of these four sets of metrics on the supply chain effective frontier. I also believe that it is because the organization is not incented to manage cash-to-cash metrics. The results have been eye-opening. ” The Lie of Best Practices.

Inventory Reduction 262

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 262

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. The gap between logistics and procurement; and logistics and customer service increases process latency. Functional metrics need to be abandoned to focus on balanced scorecard outputs. Here is some detail: Planning.

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

GlobalTranz

OCTOBER 6, 2021

In fact, a recent study , in partnership with Edelman Data & Intelligence, found a broad increased level of confidence from supply chain leaders despite peak season disruptions among those that have successfully implemented data-driven, third-party resources to manage heightened activity levels.

Prescriptive Analytics Software 216

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ivalua

SEPTEMBER 14, 2022

The “Supply Continuity – A Visual Spotlight” study, based on research conducted by Forrester Consulting and commissioned by Ivalua, highlights that key challenges remain for organizations aiming to ensure supply continuity, with 30% of respondents saying they suffer from an inability to effectively assess the overall risk across suppliers.

Supply Chain Planning Software 130

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Logistics Viewpoints

JUNE 29, 2023

PO Collaboration involves close coordination with suppliers to procure materials based on order specifications, tracking delivery timelines, and aligning production schedules to meet customer delivery expectations. It directly affects the bottom line, making it crucial to manage effectively. Nari Viswanathan is currently Sr.

Manufacturing Procurement 200

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 200

Logistics Viewpoints

MARCH 31, 2022

Both anecdotal evidence and research studies demonstrate that enterprises leveraging these advanced capabilities have fared much better than other companies during the extreme volatility of the past two years. In a study commissioned by Blue Yonder, it is estimated that a typical $10 billion company can save $14.1 Warehouse Robotics.

Logistics Network Optimization Software 226

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Supply Chain Shaman

OCTOBER 8, 2019

The data in Table 1 is from a recent research study. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. The takeaway?

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

GlobalTranz

NOVEMBER 19, 2018

On the other hand, only 8 percent of companies that were rated by their executives as less than significantly above average on supply chain-related metrics have the same performance. That’s why the number of respondents in the SCM World’s study who were “very concerned” about IT security has been increasing rapidly in the recent years.

Supply Chain Risk Management 189

Supply Chain Risk Management Risk Management Supply Chain Design Supply Chain Planning 189

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Customer Satisfaction scores side by side with the service level and availability metrics. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. .

Supply Chain Planning Software 273

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 273

Supply Chain Shaman

FEBRUARY 14, 2022

Forty interviews and two quantitative studies helped me build the model in my mind. Organizations can align to drive value despite the allegiance to functional metrics. As long as companies are motivated by functional metrics, inventory management will be an enigma. Transition functional metrics to focus on reliability.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Jaggaer

MARCH 18, 2020

His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. However, he finds hope in how procurement has adjusted in the recent past.

Procurement Analytics 81

Procurement Analytics Agile and Lean Supply Chain Procurement Solutions Procurement 81

Supply Chain Movement

AUGUST 31, 2016

The procurement Summit 2016. Building on the huge success of eWorld Procurement & Supply – which has been running bi-annually in London since 2001 – the new Procurement Summit will bring together 150 purchasing and finance professionals from across the commercial, public and third sectors. Procurement Automation.

Procurement Analytics 60

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Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). As a B2B company, procurement management is essential.

Supply Chain Software 34

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 34

Supply Chain Shaman

SEPTEMBER 2, 2016

Before I started doing this research, I believed procurement and manufacturing were aligned. While this is the case in 50% of the organizations, there are many organizations with large alignment gaps between finance/operations and procurement/manufacturing. I thought the primary issues were between commercial teams and operations.

Supply Chain Planning Software 0

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Kinaxis

NOVEMBER 7, 2017

There were some interesting ideas that came out of this study, like how collaboration in supply chain management is key to success. You can download the report here. While some may be obvious to you, others you may find insightful. ” I love this concept.

Supply Chain Planning Software 186

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 186

Precoro

JULY 29, 2024

Procurement operations are no exception. In fact, 43% of GPOs that took part in the 2023 Global Chief Procurement Officer Survey cited overall procurement risk had increased significantly as compared to 20% in the 2021 study. Keep reading to learn: What is an online procurement system?

Procurement Solutions 82

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Supply Chain Shaman

DECEMBER 29, 2016

As I study research methods, and the market, I realize the lies I’ve spun for prior employers (Gartner and AMR Research) are untrue: The AMR Research Hierarchy of Supply Chain Metrics. This research, released in 2005, gives a compelling view of a metrics hierarchy. Bimodal Supply Chains Are a Viable Strategy.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

Supply Chain Shaman

FEBRUARY 18, 2013

Here is a link to the healthcare research study in the field. Today, most of the ” relationships” in the healthcare value chain are transactional: a buy/sell relationship between the head of procurement and the seller of materials. Here are links to the studies: Corporate Social Responsibility. Healthcare.

Pharmaceutical 170

Pharmaceutical Supply Chain Network Software Eliminating Excel in Purchasing Procurement Analytics 170

Supply Chain View from the Field

NOVEMBER 6, 2015

12 at 2 PM, based on a study I have been working on with some folks at IBM. The webinar will also include Howard Richman, a colleague I have known for many years, first at Merck, and now working at Citrix as their Chief Procurement Officer. Also joining us will be Michael O’Leary, Director of Procurement Solutions at IBM.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Analytics Software Optimal Sourcing 60

Supply Chain View from the Field

AUGUST 22, 2013

A recent interview I conducted with a former Chief Procurement Officer who has worked for over 25 years in procurement in various industries captures what I believe is the true opportunity that exists for supply management executives. Marketing and IT see this to some extent, but not like procurement.

Procurement Analytics 68

Procurement Analytics Negotiating Skills Procurement Purchasing Skills 68