In preparation for the Supply Chain Insights Global Summit, Lora Cecere spoke with Sujit Singh, Chief Operating Officer of Arkieva, in an episode of Straight Talk with Supply Chain Insights. With two to three podcast a week, Straight Talk is designed to benefit the supply chain leader that is on the go and wants to be
I recently watched a TED talk video by Alison Ledgerwood on YouTube. In the video, Alison gives the example of her paper getting accepted for publication (positive news) and another one getting rejected for publication (negative news). She talks about how it takes longer to recover from (i.e., go back to being her normal self) a
In preparation for the Supply Chain Insights Global Summit, Lora Cecere spoke with Bram Desmet, Managing Director of Arkieva’s Channel Partner Solventure, in an episode of Straight Talk with Supply Chain Insights The Straight Talk podcasts are designed to benefit the supply chain leader that is on the go and wants to be in the
Sales and Operations Planning (S&OP) is typically a monthly process. Through a series of detailed planning steps, and usually three meetings, companies define a plan to deal with what they think they can do to meet the demand given their supply and other constraints.
Key Point: A Sales and Operation Planning (S&OP) meeting is a meeting to design the future course of a business. Yet, too many companies spend too much time talking about the past or the current period. I recommend using about 60-70% of the time discussing the future. The (S&OP) process consists of a lot of
Key Point: Coefficient of Variation is not a perfect measure of forecastability. However, if used properly, it can add value to a business’s forecasting process. In the world of forecasting, one of the key questions to consider is the forecastability of a particular set of data. For example, a salesman might consistently be better at
In the simplest inventory situation, the only variability is in the quantity of demand for a single day. There is no trend up or down or seasonal effect. The demand today is independent of the demand for tomorrow. Additionally, we will assume replenishment time is zero. That is when we place an order for additional
OLAP (Online Analytical Processing) has been growing in popularity due to the increase in data volumes and the recognition of the business value of analytics. OLAP capabilities provide endless options to support visibility in supply chain.Read this blog post if you have large data sets and are using or thinking of using OLAP tools to analyze this data.
From my observations, movement of material through a company’s supply chain is increasingly becoming a major portion of delivered costs. Depending on the industry, nearly 5% of sales dollars will be dedicated to warehousing and transportation. With margins under constant pressure, efficient logistics can be the difference between making and losing money on each sale.
A few weeks ago, I talked about the Supply Chain of Belgian Beer (click here to read that) and shared some trivia. Some folks suggested a follow up on frites or french fries. I will share a few more interesting things I learned about Belgium during my trips there. And just to be upfront, unlike