For both manufacturers and retailers, procurement is a strategic part of their supply chain, especially in times like these. Sourcing problems, raw material scarcity, rising container costs… Procurement has become so difficult that many outlets are experiencing empty shelves and are unable to meet their demand. The ability to secure supplies and source new ones has thus become crucial.
Human resources, accounting, finance, … all business functions are in transition, and all tend to digitalize. Indeed, organizations have clearly understood the importance of digitalization as a global performance driver and supply chain processes are no exception.
The strategic importance of forecasting and flow management for supply chain processes is no longer in question, but this does not make the Demand Planner’s job any easier.
As a critical element of Supply Chain management, safety stock is necessary to ensure smooth operations in many companies. Its role is to mitigate all risks of inventory management disruption: demand behavior, shortages, production delays, supply delays, etc
A normal day in a supply chain stakeholder’s life includes analyzing large amounts of data and constantly adapt forecasts. All of this, in a fast-moving environment
Free, quick to learn and familiar to everyone, almost anything can be done with Excel. It is quite easy to get started even if you don’t know much about the tool, which is probably why so many companies start with Excel to manage their supply chain planning processes…
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