Collaborative Planning Forecasting & Replenishment (CPFR) and the Extended Supply Chain

By Cedrick Laporte-Roy
share save 256 24 Collaborative Planning Forecasting & Replenishment (CPFR) and the Extended Supply Chain

Has your organization been struggling to deliver a consistent fill rate to your client or service level to your client’s customers? Has it been challenging for your company to keep decent inventory coverage or maintaining satisfying forecast accuracy? If you answered yes to one of these questions, it might be time for your corporation to rethink some aspects of your supply chain.

In today’s competitive market, it is more and more difficult (if not almost impossible) to gain efficiencies and improve demand response for companies working in silos.… READ MORE

Supply Chain Analytics in Mergers & Acquisitions

By Sumeet Mahajan
M&A3 copy Supply Chain Analytics in Mergers & Acquisitions

Just within the first quarter of 2014, U.S companies registered $299.6bn in mergers and acquisitions; the highest Q1 by value since the pre-crisis level. Even globally, the M&A activity has been at fever pitch with a 39% increase in deal value, from $449.7bn in Q1 2013 to $625.4bn in Q1 2014 as noted here.

This week alone two mega-deals were announced: AbbVie announced it is buying Shire for $54B and R.J Reynolds Tobacco Company announced that it will buy rival Lorillard for $27B.… READ MORE

Building the Open Source Country

I think I figured out how to build a new country.

Let's say the country is a human-made island in some hospitable ocean, formed by lots of floating platforms so it can grow and rearrange itself as needed. That solves most of your climate-change risks because the entire nation can navigate slowly to the best ocean climates.

We'd start the project by creating some sort of open source wiki platform in which people can contribute designs and ideas. The subjects would be organized by function:

1.… READ MORE

Forecasting and supply chain blogs

By Mike Gilliland
SteveMorlidge2 Copy 91x100 Forecasting and supply chain blogs

In the summer heat, when The BFD alone isn’t quite quenching your thirst for forecasting know-how, here are several other sources:

Steve Morlidge

CatchBlog — by Steve Morlidge of CatchBull

From his 2010 book Future Ready (co-authored with Steve Player), to his recent 4-part series in Foresight dealing with the “avoidability” of forecast error, Steve is delivering cutting edge content in the area of forecast performance management. He also contributed a Foresight/SAS Webinar available for on-demand review.

Eric Stellwagen

The Forecast Pro – Eric Stellwagen of Business Forecast Systems

Eric delivers great practical tutorials on various forecasting topics through his blog, and also in conference presentations and articles (including 2 chapters in the Foresight Forecasting Methods Tutorials compilation).… READ MORE

Transformation of Demand Planning, Procurement & Supply Chain with Data Analytics

By Kay Bello
Kay Bello Marathon Oil 300x200 Transformation of Demand Planning, Procurement & Supply Chain with Data Analytics

Data can be defined as information in its raw form. Therefore it must be properly captured and organized in order for it to be useful and relevant to any business.

Data is more available today than ever as a result of technology advancements (i.e. faster computers, mobile & handheld devices). Therefore, for businesses to succeed, they must be able to identify, capture, analyze and manage the slew of data that they are regularly being confronted with.

Likewise, Management of Data and Analysis (Data Analytics) is critical for building a sustainable procurement process and a robust supply chain.… READ MORE

Transformation of Demand Planning, Procurement & Supply Chain with Data Analytics

By Kay Bello
Kay Bello Marathon Oil 300x200 Transformation of Demand Planning, Procurement & Supply Chain with Data Analytics

Data can be defined as information in its raw form. Therefore it must be properly captured and organized in order for it to be useful and relevant to any business.

Data is more available today than ever as a result of technology advancements (i.e. faster computers, mobile & handheld devices). Therefore, for businesses to succeed, they must be able to identify, capture, analyze and manage the slew of data that they are regularly being confronted with.

Likewise, Management of Data and Analysis (Data Analytics) is critical for building a sustainable procurement process and a robust supply chain.… READ MORE

Checking My Predictions

I am allegedly a human being, and as such I am susceptible to cognitive bias. One of my safeguards against gaining too much confidence in my own mental abilities involves periodically comparing my predictions to actual events.

I will pause here to say I assume that I forget the bad predictions and remember the winners. That's how bias works. That's also why I do this publicly, so you can keep me honest. I'll tell you when I get one right from time to time, and I expect you to remind me of the ones I got terribly wrong.… READ MORE

Overlooked Supply Chain Management Areas?

By Mary McAtee
eyewash station Overlooked Supply Chain Management Areas?
Mitigation and Contingency Controls

My colleagues and I have addressed various approaches to formal Risk Assessment. We have talked about the methodology for utilizing Risk Assessment tools for overlooked areas such as Supply Chain Management. We even conducted a webinar on best practice for assessing and managing risk.

I thought I would focus today on mitigation. Assuming you have invested the time and effort in identifying and quantifying various risks, what can you preemptively do about them? A simple and often overlooked mitigation and prevention tool is Contingency Plans.… READ MORE

Overlooked Supply Chain Management Areas?

By Mary McAtee
eyewash station Overlooked Supply Chain Management Areas?
Mitigation and Contingency Controls

My colleagues and I have addressed various approaches to formal Risk Assessment. We have talked about the methodology for utilizing Risk Assessment tools for overlooked areas such as Supply Chain Management. We even conducted a webinar on best practice for assessing and managing risk.

I thought I would focus today on mitigation. Assuming you have invested the time and effort in identifying and quantifying various risks, what can you preemptively do about them? A simple and often overlooked mitigation and prevention tool is Contingency Plans.… READ MORE

Collaborative Forecasting – Part II

By Jon Schriebfeder

Last month we introduced the “Record, Report and Evaluate” procedure for obtaining for predictions of how sales or material consumption will change in the future. This month we will continue to explore how we can obtain the most accurate estimates of future demand from customers:

• Ask your good customers for product usage forecasts. Not every customer can provide this type of information. But customers that plan future projects or develop production schedules for their products are good candidates.… READ MORE

Collaborative Forecasting – Part II

By Jon Schriebfeder

Last month we introduced the “Record, Report and Evaluate” procedure for obtaining for predictions of how sales or material consumption will change in the future. This month we will continue to explore how we can obtain the most accurate estimates of future demand from customers:

• Ask your good customers for product usage forecasts. Not every customer can provide this type of information. But customers that plan future projects or develop production schedules for their products are good candidates.… READ MORE