Arkieva Supply Chain Link Blog.
Creating the link between better supply chain planning and decisions.
RECENT POSTS
How to Measure Inventory Effectiveness
I discussed some of the possible pitfalls when using inventory turnover as a measurement for effective inventory management. In this post, I’ll describe a simple technique for measuring inventory effectiveness.
How Does My Open Order History Impact My Sales Prediction?
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.
How to Adjust Your Planning to Meet Changing Sales Patterns
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.
Look beyond the Turnover Ratio! Here’s a Simple Way to Create an Effective Inventory Management Process
Use this simple tool for identifying areas of potential improvement in the business to create an effective inventory management process. This type of measurement allows for a more widespread understanding of the nature of inventory and fosters action to prevent a build-up of non-value-adding "drag".
Want to Align Projected & Actual Cost Savings for Supply Chain Improvement Initiatives? Here’s How.
A manager once told me that if you add up all the supply chain cost savings projected by various supply chain improvement initiatives over the years, you would have enough money to buy the company five times over. No wonder management is skeptical of benefits offered by improved supply chain planning.
[Webinar] Inventory Planning Methods & Tips for Optimizing Your S&OP Process Today.
Join us as we discuss how to use inventory or supply planning to properly calculate and project future inventory taking into consideration capacity constraints.
Which Team has the most die-hard fans? The Eagles or the Patriots? Our Sentiment Analysis Tool Tells It All.
As a local Philadelphia business, we are so excited about the Eagles making it to the Super Bowl this year, we decided to track the excitement level of people leading up to the event by using our Social Sentiment Analysis Tool.
6 Ways You Can Improve Forecast Accuracy with Demand Sensing
Demand sensing helps us identify the actual customer order trends and helps us improve the near-term forecast. Strategic actions like demand shaping for knowingly increasing or decreasing the demand for the product can be undertaken by sensing demand signals.
Improving Data Visibility with Descriptive Statistics: How to visualize the Product-Volume-Variability-Velocity Matrix
Using descriptive statistics, you can improve data visibility by creating a snapshot of your product volume, variability, and velocity. Here’s how.
Transform Your Supply Chain Into a Competitive Edge
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