Sales and operations planning began as a process to reconcile demand and supply. Inventory was considered an output of this process and did not have an equal seat at the S&OP table. However, advances such as inventory optimization (IO) provide powerful performance levers that help free up working capital while improving service levels, making inventory a critical part of the S&OP process. Today leading companies employ IO on two levels. At a tactical level they can scientifically calculate inventory targets across the entire supply chain. At a strategic level, the SI&OP (sales inventory and operations planning) process determines the most profitable balance between working capital and service level to meet demand.
This session utilizes lessons from real implementations to deliver attendees a clear picture of the impact of IO on the S&OP process. It crystalizes more than a decade of IO experience, results from tactical implementations and examples of postponement in action, supplier selection, and service level differentiation. Dr. Willems will uncover how and why inventory optimization succeeded in these examples and share best practices for the audience to share with their teams.
Who: Sean Willems, Ph.D. associate professor of Operations Management at Boston University’s School of Management
What: Inventory Optimization and S&OP Achieve Step–Change Supply Chain Improvement
When: Wednesday, May 21, 2014 at 11:30 AM Phoenix local time
Where: Gartner Supply Chain Executive Summit in Phoenix, AZ
Recognized industry–wide for its rapid implementation, quick ROI, ease–of–use, and ability to solve complex problems, Logility Voyager Solutions is a comprehensive software–as–a–service (SaaS) and on premise based supply chain solution suite which features built in analytics to increase supply chain visibility and boost performance in key areas including demand, inventory and replenishment planning, sales and operations planning (S&OP), manufacturing planning and scheduling, supply and inventory optimization, transportation planning and management, and warehouse management.
With more than 1,250 customers worldwide, Logility is a leading provider of collaborative, best–of–breed supply chain solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom–line results in record time. Logility Voyager Solutions is a complete supply chain management solution that features a performance monitoring architecture and provides supply chain visibility; demand, inventory and replenishment planning; Sales and Operations Planning (S&OP); supply and inventory optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include Fender Musical Instruments, Parker Hannifin, Verizon Wireless, and VF Corporation. Logility is a wholly owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). For more information about Logility, call 800–762–5207 USA or visit https://logilityinc.wpengine.com.
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