In a recent study, Gartner estimates that 50% of Supply Chain Planning Solutions are not fully utilized1. How can organizations ensure that they have the user adoption needed to attain the full benefits from their existing or new supply chain solution?
An open order is defined as an order placed by the customer which is under process and is yet to be fulfilled by the supplier. For effective analysis, open order data needs to be recorded daily in an ERP system. A minimum of twelve to eighteen months of open order history is required for your sales forecasting analysis and fine-tuning process. A shorter period could render unreliable and skew the results of your data analysis.
In an ideal world, demand and supply would be steady and predictable, resulting in optimal capacity utilization and no back orders or missed customer orders. However, in the actual supply chain world variations in actual sales vs. projected sales result in lower forecast accuracy, and either overstocking or stock out situations.
Join us as we discuss how to use inventory or supply planning to properly calculate and project future inventory taking into consideration capacity constraints.
A holiday Christmas story and adaptation of Dr. Seuss’ “How the Grinch Stole Christmas!” Every Manufacturer Down in Manufacturingville liked innovation a lot… Except for the Grinch, who worked north of Manufacturingville The Grinch hated innovation! The whole innovation Season! Now, please don’t ask why. No one quite knows the reason. It could be that
A look at how Arkieva customer, Driscoll’s is evolving and elevating the standards for berry production. It’s 5 am. It’s time to go for a run. The weather is so beautiful; there is no need to confine myself to a “human hamster wheel” also known as a treadmill. I’m
When you talk to any manufacturer no matter how large or small about their concerns, improved inventory management is bound to be a part of the conversation. To celebrate manufacturing day today, we thought it would be beneficial to take a closer look at how inventory strategy keeps evolving using an infographic from Arkieva based on research conducted by Aberdeen.
Who’s to Blame for the “Unwanted Extra Ingredient?” A look at Challenges of Supply Chain Management in the Fast Food Industry
Now and then, we hear about horrific fast food restaurant stories where an “unwanted extra ingredient” is found. While we may be quick to blame the serving fast food restaurant for the mishap, the supply chain of fast foods is often complicated. When we stop by our favorite fast food restaurant to grab a quick bite, we often don’t think about the process that goes into assembling our combo meal.
Look Beyond the Bells and Whistles! What I’ve Learned About Selecting a Business Software from My Gym Memberships.
Pop Quiz: What does a workout and the software selection process have in common? Answer: They both often require breaking a sweat. I hate to admit this, but often I find myself trying new workout routines as a result of commercials I’ve viewed on television. I’d rather not get into the embarrassing details that made