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https://www.forbes.com/sites/louiscolumbus/2018/06/11/10-ways-machine-learning-is-revolutionizing-supply-chain-management/#6b673e143e37Bottom line: Machine learning makes it possible to discover patterns in supply chain data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success, while constantly learning in the process.
Metric of the Month: Raw Materials Inventory TurnsDelivering goods and products begins with raw materials. Those materials vary widely by industry and manufacturing process, but all must be sourced and managed.
S&OP Kick Off GuideThe purpose of this article is to make clear the essential requirements for sustainable S&OP process implementation. S&OP implementation has a high failure rate, with most initiatives not actually delivering any value and doing nothing to improve the balance between demand and supply. Using [...]
From Excel Spreadsheets to Robust Cloud S&OP Software: Why CFOs Are Trading UpYou can almost hear a group of employees saying it: “But that’s the way we’ve always done things!” It’s the legacy thinking siren song, but spend any time at all doing a gap analysis on S&OP processes and you’ll see [...]
What factors contribute to a climate ripe for smart manufacturing?Smart manufacturing is a "leap forward from more traditional automation to a fully connected and flexible system," but transition barriers must be dealt with to realize value.
Are You Having Chewy Conversations?The demand consensus meeting is one of the most important steps in sales and operations planning (S&OP), with the resultant demand plan serving as a critical input for all other S&OP process meetings. Without a demand plan as a starting [...]
Un-Block Your Supply ChainWhat exactly is a blockchain and how can it help your supply chain? We’ve been hearing a lot about blockchains lately (e.g., bitcoin), including its use in better managing the supply chain. So, what exactly is a blockchain and how [...]
Master the Basics of Cross-functional AlignmentHave you ever produced a forecast but weren't told about a last-minute campaign or marketing activity that went on to drive sales far higher than anticipated? If you ended up taking the blame for the company not having enough inventory to meet [...]
How IoT will reinvent supply chain managementCompanies are increasingly adding IoT to their logistics operations in pursuit of greater visibility and efficiency in their supply chains — and to stave off disruptions to come.
Career Map for Data, Analytics and Demand Planning ProfessionalsThere are countless roles today in Data, Analytics and Demand Planning and many different ways you can climb the ladder to the top. However, we see four main analytics and planning career paths. Knowing what they are, and the skills [...]
Is your business ready to use big data analytics?The UK Government’s Department for Business, Energy and Industrial Strategy reported that in 2016, there were 5.5 million businesses in the UK and over 99% of businesses were small or medium sized businesses – employing 0-249 people. For many of these businesses, [...]
Supply chain operations positions command higher salariesThe report's data paints the supply chain industry as attractive for job opportunities, which could prompt more undergraduates to consider the field, but there's still room for improvement.
The Huge Benefit Of Dollarizing Your Forecast AccuracyImagine you’re in the middle of the monthly S&OP meeting, and you’ve come to the point on the agenda that says: “review forecast accuracy KPIs”. You can already feel the Salespeople zoning out because they don’t have a clue what you’re about to [...]
IoT & The Future of Supply Chain PerformanceIoT (the Internet of Things) seems to be everywhere these days. From tracking shopping habits to remote locking of doors on our cars, IoT is part of many of our devices, collecting data and making it available for better, faster, [...]
Does Manufacturing Need Lean Methods to Stay Competitive?Point 8 of the Toyota Production System states, “Use only reliable, thoroughly tested technology that serves your people and processes.” Until now, the prevailing materials and inventory planning and execution technology, while thoroughly tested, have been largely inappropriate to serve [...]
How To Create An Agile Supply ChainWithin the world of procurement and supply chain management, permanent and inflexible procedures abound. The main challenge for most buyers is the exercise of control. Supply chains are complex affairs, spanning borders and industries. For the most part, buyers aren’t [...]
MRP & Inventory ManagementMost companies use Material Requirement Planning (MRP) software, or an MRP module of an ERP, to plan and manage the purchase, production, and transfer orders of finished goods and components based on a demand plan or forecast. It is time-phased [...]
Excess and Obsolete Inventory: An Outcome of a Series of Unfortunate Events!Inventory continues to be a problem for many companies. In particular, inventory that is considered “Excess and Obsolete” often accumulates and has to be dealt with – often at the end of the fiscal year. During tax season, this is also [...]
Reasons NetSuite Users Choose DemandCaster for Supply Chain PlanningIf you’re already using NetSuite ERP (enterprise resource planning), you’ve likely got a handle on billing, as well as other financials, ordering and more. But what about your supply chain planning? For many NetSuite users, supply chain planning is [...]
Supply Chain’s Path to the Top Starts with LeadershipToday’s company needs a worker with advanced management skills, capable of bringing different departments together to achieve supply chain goals.
The ‘chords’ of supply chainsDespite a whirlwind of changes in e-commerce and technology, a few tenets of supply chain management will always hold true. The industry has been changed by e-commerce, technology, the global market, emerging nations, ever-present risk, corporate social responsibility and more. But the [...]