The Good Spending

APRIL 2, 2023

Where's the procurement planning when you need one? Once, we wrote about demand management in this blog. It's a good enough topic, which misses one crucial element - demand management mastery comes after sophisticated planning. In some companies (and I'm quoting my own experience), procurement planning barely exists.

Procurement 98

Procurement Demand Planning Budget Category management 98

Skill Dynamics

JANUARY 9, 2025

Capability 1: Demand Forecasting and Planning Accurate demand forecasting allows a business to optimize inventory levels, reduce costs, and improve its overall customer satisfaction. It means theres always the correct amount of stock available to meet customer demands, without the risk of overstocking.

supply chain budgeting 52

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

ivalua

AUGUST 18, 2015

Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. Innovating. If you work in product design or engineering, supplier collaboration is focused on integrating strategic suppliers into your product innovation efforts.

Collaboration 100

Collaboration Suppliers Bill of materials Supply Chain Efficiency 100

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it? What is Inventory Forecasting?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

SCMDOJO

FEBRUARY 20, 2023

To get ahead in today’s competitive marketplace, distributors must remain on the cutting edge of innovation and stay up-to-date on new developments. Improve Inventory Planning & Optimize Inventory The right inventory level can maximize efficiency, reduce costs, and improve customer satisfaction.

Strategy 119

Strategy Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 119

ivalua

SEPTEMBER 3, 2015

In Greg’s last blog post , he discussed three areas where supplier collaboration is creating value for the manufacturer from product design through demand planning: innovating, costing, and planning. It requires the building of trust and the development of shared goals. But collaboration is not reserved for suppliers.

Collaboration 100

Collaboration Sourcing Suppliers Management 100

Let's Talk Supply Chain

MARCH 8, 2024

Supply & Demand Chain This year, we received over 400 submissions for our Women in Supply Chain award, the highest amount of applications not only for this award but also for all of our awards. That’s why this award is so important to Food Logistics and Supply & Demand Chain Executives. We’re all better together.

supply chain budgeting 96

supply chain budgeting Supply Chain Optimization Supply chain Supply 96

Jaggaer

OCTOBER 24, 2024

Work collaboratively with suppliers in real time to improve parts and material quality while responding quickly based on demand forecasts. Improving quality management: Best-in-class quality management incorporates supplier collaboration as a prerequisite.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

SCMDOJO

JANUARY 23, 2023

It covers major supply chain processes such as managing supply and demand, warehousing, inventory control, transportation, and route optimization. It emphasizes the importance of applying a scientific method, including experimentation, observation, and constant questioning, to achieve excellence in demand forecasting.

Supply Chain Analytics 132

Supply Chain Analytics Supply Chain Optimization supply chain software solutions supply chain budgeting 132

Arkestro

DECEMBER 26, 2024

In 2025, businesses will focus on building strong partnerships with suppliers to enhance reliability, drive innovation, and manage risks more effectively. Our innovative platform has helped organizations increase efficiency, improve supplier relations, and make quicker and better-informed decisions through data-driven insights.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

SCMDOJO

JUNE 21, 2023

Procurement and SCM follow the same trajectory where strategic procurement outsourcing encompasses a wide spectrum of activities, encompassing demand and precision management to eProcurement. Procurement outsourcing helps the company secure aggregate demand for multiple customers at the lowest price. Why outsource Demand Planning?

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 105

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. A proficient team will drive innovation Skill proficiency and innovative thinking are closely intertwined.

Innovation 52

Innovation supply chain budgeting Supply chain Supply 52

Supply Chain Trend

AUGUST 13, 2020

For example, demand sensing has been used to update short term demand plans based on automatically detected changes in sales orders, point of sales information, competitor activity, and other drivers. A system can automatically ship stock across the supply chain to optimize customer service and minimize obsolescence.

supply chain software solutions 147

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

Spend Matters

MAY 8, 2023

As is the usual case for Coupa, the product was co-innovated closely with large global customers. Forecast collaboration on forecasts and demand plans to anticipate shortages or bottlenecks and automate exception management. It includes (by order of priorities in Coupa's current development cycle): 1.

Spend management 102

Spend management Management Real-time Visibility Collaboration 102

Procurement Insights

MAY 26, 2024

By deploying innovative AI solutions, ALDI aims to optimize its supply chain, improve customer service, and lead sustainability efforts in the industry.” “Thai Union exercised an outsized influence on the Company’s shrimp purchasing,” Red Lobster alleged in its bankruptcy filing.

Supply Chain Efficiency 89

Supply Chain Efficiency Supply Chain Optimization Supply chain Networking 89

Supply Chain Trend

NOVEMBER 14, 2016

The S&OP Pulse Check 2015 suggests S&OP practitioners are left behind in confusion: 62% of respondents think there is not enough innovation in S&OP systems. 64% think there is not enough coordinated innovation in S&OP processes. 68% think behaviours are not addressed enough in S&OP implementations.

supply chain software solutions 119

supply chain software solutions Supply Chain Optimization Strategy Supply chain 119

Let's Talk Supply Chain

DECEMBER 9, 2024

With extensive experience spanning Sales & Operations Planning, Procurement, Manufacturing, Logistics, Operations Finance, and ERP implementation, Mandar brings a comprehensive perspective to supply chain innovation. We have to use technology to match that speed. More data is good, but it doesnt always lead to accurate forecasts.

Supply Chain Efficiency 52

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

ivalua

MAY 21, 2014

Innovation cycles are short and becoming shorter. Fuel innovation with processes and analytics. Professionals in demand planning, procurement, logistics, fulfillment, sourcing: step up and take ownership of your area. In 2004, Walmart wasn’t concerned about Amazon; it was just an upstart online bookstore.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 100

Supply Chain Trend

NOVEMBER 16, 2016

The S&OP Pulse Check 2015 suggests S&OP practitioners are left behind in confusion: 62% of respondents think there is not enough innovation in S&OP systems. 64% think there is not enough coordinated innovation in S&OP processes. Across countries, we implemented common planning processes, reporting and KPIs.

supply chain budgeting 115

supply chain budgeting Supply Chain Efficiency Supply chain Innovation 115

Spend Matters

AUGUST 15, 2024

This dependency also fosters complacency among legacy tech vendors, hindering innovation and regular updates. For instance, while individuals can use sophisticated weather apps to make informed decisions, many 2024 supply chain systems still struggle to incorporate real-time weather data into demand planning and supply management.

supply chain software solutions 120

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 120

Let's Talk Supply Chain

JANUARY 1, 2024

  Today I’m joined by RELEX Solutions , an innovative tech brand who’s unified supply chain and retail planning platform helps retailers and consumer brands sell more and waste less. Its platform helps companies align and optimize demand, merchandise, supply chain, and operations planning across the end-to-end value chain.

Supply Chain Optimization 52

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

SCMDOJO

JULY 13, 2022

It’s designed to change the way education happens online by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. Whether you’re looking for a career in purchasing, transportation, logistics, supply chain/demand planning, or management, every aspect is covered.

Supply chain 138

Supply chain Supply Supply chain management Supply chain management 138

Let's Talk Supply Chain

JANUARY 13, 2025

Currently serving as the Vice President of Industry Solutions at GAINS, Amber leverages her extensive knowledge to help companies optimize their supply chain performance through innovative, cloud-based solutions. Check out our other podcasts HERE.

Data 52

Data supply chain software solutions Supply Chain Optimization Inventory 52

Solvoyo

FEBRUARY 27, 2020

When asked about the top organizational inhibitors preventing retailers from innovating, 60% of the RSR research respondents called out legacy technologies as the main challenge. We believe that AI and Machine-learning are quickly becoming differentiating capabilities for Demand Planning and Replenishment solutions.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization Supply chain 52

Solvoyo

FEBRUARY 27, 2020

When asked about the top organizational inhibitors preventing retailers from innovating, 60% of the RSR research respondents called out legacy technologies as the main challenge. We believe that AI and Machine-learning are quickly becoming differentiating capabilities for Demand Planning and Replenishment solutions.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization Supply chain 52

EazyStock

JANUARY 17, 2022

Improving Demand Forecasting and Demand Planning. Companies are increasingly focusing on improving their demand forecasting and demand planning. Many businesses have realized that demand forecasting for inventory management isn’t easy, especially in current circumstances.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Efficiency 52

The Good Spending

SEPTEMBER 2, 2023

When sourcing "new tasks" - still unknown for the use of unique objects (mostly integrated and innovative) - the main task is to determine the solution that best meets the needs of the business and a supplier who can implement that solution optimally. In the IT department itself, such planning is challenging. Buy from Amazon U.K.

Sourcing 59

Sourcing Procurement Category management Demand Planning 59

Let's Talk Supply Chain

JULY 20, 2023

Zarrin Lilani on How Women Lead in Supply Chain At Let’s Talk Supply Chain, we’re passionate about closing the gender gap to expand innovation through diversity. For more than a decade, Zarrin has dedicated her career to finding smarter and more sustainable supply chain planning approaches and technology solutions. I moved to the U.S.

supply chain software solutions 98

supply chain software solutions Agile and Lean Supply Chain Supply chain Supply 98

Supply Chain Trend

OCTOBER 31, 2016

My S&OP Pulse Check 2015 suggests S&OP practitioners are left behind in confusion: 62% of respondents think there is not enough innovation in S&OP systems. 64% think there is not enough coordinated innovation in S&OP processes. 68% think behaviours are not addressed enough in S&OP implementations.

Supply Chain Optimization 121

Supply Chain Optimization Supply Chain Efficiency Leadership Supply chain 121

Supply Chain Trend

MARCH 20, 2024

One crucial aspect of this decision-making process occurs in the sales and operations execution horizon—a critical 13-week window where key stakeholders gather weekly to navigate the complexities of demand planning, supply management, inventory allocation, and more.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 60

Supply Chain Game Changer

AUGUST 6, 2020

Customer-centric strategies, innovativeness, flexibility and responsiveness with higher emphasis on fulfilling consumer expectations are the key drivers in this digital era. Data Driven Supply Chain Innovation with Digital Twinning. To do that, relevant data such as the current supply chain network, supply-demand flow, KPIs are needed.

Supply Chain Optimization 78

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

SCMDOJO

NOVEMBER 17, 2023

We enable them by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. Practical Guides like Plan for Every Part (PFEP) , Demand Forecasting Methods or Stocktaking Procedure. Lucky for you. Access the full course here!

Agile and Lean Supply Chain 98

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

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. By capturing customers’ demand information, Walmart can identify popular products and stock them adequately, leading to an overall reduction in inventory.

Supply Chain Efficiency 98

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

EazyStock

NOVEMBER 18, 2022

Inventory optimization is about having the right amount of inventory to meet customer demand without wasting money on unnecessary stock. EazyStock’s suite of demand forecasting features is easy to use – and wickedly smart. Book a demo to learn more about EazyStock’s functionality and how it can make your demand planning easier.

Purchase orders 52

Purchase orders Inventory Demand Demand Planning 52

Supply Chain Opz

AUGUST 2, 2017

And no function is more at the forefront of that endeavor than demand forecasting. The challenge of effective supply chain management is to deliver on ever-increasing customer demands for excellent service while simultaneously managing costs. Given that demand can change every day, forecasting becomes the ultimate adventure.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain Demand Planning Supply 40

EazyStock

NOVEMBER 18, 2022

Inventory optimization is about having the right amount of inventory to meet customer demand without wasting money on unnecessary stock. EazyStock’s suite of demand forecasting features is easy to use – and wickedly smart. Book a demo to learn more about EazyStock’s functionality and how it can make your demand planning easier.

Purchase orders 52

Purchase orders Inventory Demand Demand Planning 52

Finale Inventory

SEPTEMBER 4, 2024

For ecommerce, this optimization is key to meeting customer demands for fast delivery and seamless order fulfillment. Additionally, an efficient supply chain enables quick responses to market changes and customer demands, providing a competitive advantage.

Supply Chain Efficiency 52

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