Demand management has always been at the top of supply chain professionals’ list of challenges. Of late, many companies have also indicated that having grappled with cost cutting a few years back, now they are more focused on growth. Predictably, 62% of the respondents sought growth through channels, 46% through more direct customers, and approximately 20% by creating new products.
As supply chain teams demand the power of best-of-breed supply chain optimization solutions, the question becomes how best to integrate these powerful solutions with an organization’s existing enterprise resource planning (ERP) and advanced planning and scheduling (APS) systems.
Innovation is a term we hear often, especially in the world of software development. But what does it mean? What should it mean? I looked up the word innovation and found something odd. I found the word novelty next to innovation.
Interest in inventory optimization continues to increase as companies seek a more efficient way to reduce excess inventory while maintaining or improving customer service levels. Multi-echelon inventory optimization (MEIO) is also playing a larger role in the sales and operations planning process (S&OP). Recently I sat down with Sean Willems, Ph.D., associate professor of Operations Management at Boston University's School of Management and Chief Scientist at Logility, to get his thoughts on inventory optimization misperceptions, S&OP, and centralized vs. decentralized initiatives.
As an alternative to playing the discount game and further eroding margins, many retailers have found tremendous success with private label products. By offering innovative goods at a reasonable cost, retailers have successfully distinguished their brands and helped engender consumer loyalty.
In case you missed it, I recently spoke with Aberdeen Group’s Nari Viswanathan about the change in S&OP strategy. Here is some of what we discussed. Best-in-class companies clearly differentiate themselves through the use of S&OP The strategic shift is not only in response to the economic upheaval of the last 24+ months
Inventory optimization (IO) has become an increasingly important topic of late as companies try to balance inventory (amount, location, etc.) with erratic demand and supply variability.
Inventory Optimization (IO) is a loosely used term in the industry. You’ll see it used to describe tactical inventory management, warehouse operations and strategic network assessments as well as used to describe single stage as well as multi-echelon environments. Inventory optimization is so much more and impacts the supply chain at all levels.