Procurement Insights

MAY 26, 2024

Thai Union exercised an outsized influence on the Company’s shrimp purchasing,” Red Lobster alleged in its bankruptcy filing. These changes culminated in a $20 endless shrimp promotion in 2023 that would come back to haunt Red Lobster.

Supply Chain Efficiency 89

Supply Chain Efficiency Supply Chain Optimization Supply chain Networking 89

Supply Chain Trend

AUGUST 13, 2020

It also requires a clear understanding of the environment in which the organization operates, so scenario planning must go extend beyond the enterprise to encompass value-chain dynamics and end-to-end supply chain resilience. I believe there are six main differentiators that influence the choice of automation vs. augmentation in planning.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

Jaggaer

OCTOBER 24, 2024

However, establishing supply continuity, improving the customer experience, and minimizing risk across multiple supplier tiers can pay untold dividends. Environmental, social, and governance (ESG) goals : Your overall ESG footprint is impacted by suppliers.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Heads

AUGUST 11, 2022

If we look at how specialised supply chain is, the specialism required to perform jobs like demand planning, supply planning, employee retention and relationships are vital. Who has had the biggest influence on your career? This is an easy reply for me, my parents had the most influence.

supply chain budgeting 130

supply chain budgeting Supply Chain Efficiency Supply chain Leadership 130

Supply Chain Trend

NOVEMBER 16, 2016

This operating model included order to cash, make to demand, purchase to pay, finance and planning processes. I was planning consultant implementing demand planning, supply planning and production planning across 10 Sara Lee business units.

supply chain budgeting 115

supply chain budgeting Supply Chain Efficiency Innovation Supply chain 115

Let's Talk Supply Chain

DECEMBER 9, 2024

As humans, we need to solve problems that are manageable Theres a limit to how much we can do, so we have departments And everybody chose to solve the problem they can actually influence. 21.38] How creating one single plan can help to break down siloes, and align all resources to a common business objective.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization supply chain budgeting 52

SCMDOJO

JANUARY 17, 2024

Planning roles include: A supply chain planner analyzes performance and improves processes. A demand planner estimates the future demand for given products. (Do Do check out our Demand Planning Ultimate Guide ) A production planner ensures the required manufacturing output meets the demand.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

Supply Chain Trend

JANUARY 22, 2023

Some new language has been creeping in the planning vocabulary in the last year or two: planning & decision making. What used to be planning, or a planning system, is now sometimes referred to as planning & decision making. I now see LinkedIn profiles calling out ‘better planning, better decisions.’

Quality 88

Quality Inventory Demand Planning Influencing 88

SCMDOJO

NOVEMBER 17, 2023

Whether it’s purchasing, procurement, transport, technology, facilities, or other specialized areas, understanding your passion will influence the subsequent steps in this rewarding career path. As an indispensable function significantly influencing a society’s standard of living, logistics skills are complex but essential.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 98

Arkestro

JANUARY 4, 2023

They will ensure their teams have meaningful data available in an actionable format to help them supercharge the influence of each team member.”. scenario-driven demand plans. “Procurement leaders will increasingly need to leverage emerging technologies to stay ahead of this trend,” Blum said. should-be cost models.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Supply Chain Opz

AUGUST 2, 2017

The quest then lies within forecasting, which seeks to provide the best possible estimate of future sales to enable the organization to effectively plan to meet that future requirement. Given that demand can change every day, forecasting becomes the ultimate adventure. Is there a definite trend? Is this a seasonal product?

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain Demand Planning Supply 40

Skill Dynamics

OCTOBER 18, 2023

Additionally, if your employees are highly proficient, they can help to create an atmosphere that fosters innovation and can even influence your business’ stock market performance. Simply put, if your employees can excel at the day-to-day tasks that make up their role, they will drive significant value for your organization.

Innovation 52

Innovation supply chain budgeting Supply chain Supply 52

Supply Chain Game Changer

OCTOBER 12, 2021

I have committed myself, both in my personal life, and through my influence as a supply chain professional to making a positive impact across all environmental management areas to reduce carbon emissions, increase sustainability, and protect natural resources. Demand planning in this environment is practically impossible.

Leadership 105

Leadership Supply Chain Efficiency Supply chain Distribution channels 105

SCMDOJO

JANUARY 26, 2024

Leadership involves more than just managing people; it encompasses influencing, resolving conflicts, and effectively handling crises and sharpening these skills positions you as an effective and adaptable leader in supply chain management. Focus on Leadership Skills Leadership is crucial for advancing in your supply chain career.

Supply Chain Optimization 97

Supply Chain Optimization Supply chain Leadership Supply chain management 97

Supply Chain Game Changer

JANUARY 30, 2020

As I mentioned in my prior blogs, Inventory Turnover Breakthrough , we needed to take a holistic approach and we needed to tackle the high level levers that influence inventory levels. . Supply/Demand Planning. As it turns out there was previously no Supply/Demand Planning process in the company.

Inventory 61

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 61

Let's Talk Supply Chain

MAY 4, 2023

Supply chainers looking to up their game, from students to leaders, will find informative, thought-provoking, and trending content from renowned influencers in data, cyber security, supply chain, sustainability, logistics, diversity, and much, much more.

Supply chain 52

Supply chain Supply Networking Collaboration 52

The Good Spending

AUGUST 16, 2022

Other peers around the company overlap with us in their functions - Technology tends to manage suppliers , Finance owns the demand planning and budgeting, and Sales and Marketing monopolize the end-customer value chain. Perhaps, our profession is no rocket science.

Supply Chain Efficiency 52

Supply Chain Efficiency Collaboration Supply Chain Optimization supply chain budgeting 52

Finale Inventory

SEPTEMBER 19, 2024

Demand: The quantity of a product or service that customers are willing to purchase at a given price and time. Forecast: An estimate of future demand based on historical data and other relevant factors. Seasonality: Regular and predictable fluctuations in demand that occur due to factors like weather, holidays, or annual events.

Demand 52

Demand Supply Chain Optimization Inventory Agile and Lean Supply Chain 52

Finale Inventory

JULY 15, 2024

Consider adopting inventory management systems, demand planning software, and automated reorder systems to streamline processes. Integrating these technologies provides real-time insights into inventory levels, demand patterns, and supply chain performance, facilitating data-driven decisions and effective turnover ratio optimization.

Inventory 52

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

Finale Inventory

APRIL 18, 2024

Look to last year’s trends and results, match that to the current sales trend and then examine demand planning to adjust your reorder points accordingly. Finale leverages advanced algorithms that analyze historical sales data, factor in seasonality, and account for external influences.

Inventory 52

Inventory Real-time Visibility Strategy Purchase orders 52

Supply Chain Game Changer

AUGUST 6, 2020

The mass adoption of digital emerging technologies influences the operations of companies’ logistics and supply chain management. Digital Supply Chain Hitches. In today’s tech world, DIGITAL is disrupting the way businesses perform across all industries.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

Supply Chain Game Changer

NOVEMBER 16, 2018

As I mentioned in my prior blogs, Inventory Turnover Breakthrough (Parts 1 and 2) , we needed to take a holistic approach and we needed to tackle the high level levers that influence inventory levels. Supply/Demand Planning. As it turns out there was previously no Supply/Demand Planning process in the company.

Inventory 43

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 43

Planergy

DECEMBER 8, 2022

For macro-level demand forecasting in the United States, companies can use data from publicly available government agencies and other sources. Demand planning is crucial to all businesses, but the forecasting process and even the forecasting software you use can influence the results. Statistical Method.

Demand 52

Demand Data supply chain software solutions Inventory 52

Empowering CPO

JUNE 27, 2023

By breaking down spending patterns and understanding the underlying factors influencing expenditures, category spend analysis provides a comprehensive overview of an organization’s procurement landscape. It helps identify opportunities for inventory management, pricing negotiations, and demand planning.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Empowering CPO

JUNE 26, 2023

By analyzing historical data, organizations can uncover correlations, seasonality, and other factors that influence procurement outcomes. These insights enable organizations to anticipate shifts in demand, predict market fluctuations, and adjust their procurement strategies accordingly.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Supply Chain Opz

NOVEMBER 9, 2014

Misalignment of actions due to a poor relationship fit means the supplier has other, more important customers and the supplier''s actions will be influenced more by those customers than you. If you are not the big "influencer" to the supplier, recognize that and find other incentives for the supplier.

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

SCMDOJO

DECEMBER 16, 2024

Inventory Management and Optimization Optimization and management of inventory is the ability to ensure product availability through inventory administration activities such as demand planning, stock optimization, and monitoring the age of the product. Experience with demand planning software and supply chain planning.

Material management 52

Material management Management Supply Chain Optimization Agile and Lean Supply Chain 52

SCMDOJO

DECEMBER 17, 2024

SCMDOJO However, compared to CSCMP, SCMDOJO offers on-demand courses focusingon practical, real-world supply chain management applications. About the Author Fatima Salman Fatima Salman is a dynamic content writer and social media influencer with a knack for crafting compelling narratives that engage and inspire.

supply chain budgeting 52

supply chain budgeting Supply chain management Supply chain management Supply chain 52