Santiago Hernandez

Strategic Sourcing - Mastering Supply Chain Excellence Buy now with PayPal! https://lnkd.in/e8nvKcum In the dynamic and interconnected world of modern business, supply chains serve as the lifeblood that sustains industries and economies alike. At the heart of a resilient and efficient supply chain lies the strategic sourcing process, a cornerstone of supply chain management that encompasses the meticulous selection, management, and optimization of suppliers. In an era marked by globalization, technological advancement, and evolving consumer expectations, mastering strategic sourcing is not merely a choice but a necessity for organizations aspiring to thrive in competitive markets. Follow/connect and subscribe to our Newsletter "Planet SCM" for the latest updates and invaluable tips. Click here: https://lnkd.in/eqbN3Q4s #advertisingandmarketing #analytics #automotiveindustry #aviation #bankingindustry #bestadvice #bigdata #biotechnology #branding #business #businessintelligence #careers #cloudcomputing  #computing #construction #consultants  #creativity #culture #customerrelations #data  #datamining #design #digitalmarketing #ecommerce #economics #economy #education  #emotionalintelligence #engineering #entrepreneurship #euro  #executivesandmanagement  #fashion #finance  #finances #fundraising #future #futurism #gender #gettingthingsdone #greentech #health  #healthcare #hiring #hiringandpromotion #hr  #humanresources  #informationsecurity #innovation #inspiration  #investing #job #jobinterviews #jobsearch  #jobseekers #leadership #linkedin #machinelearning #macroeconomics #management  #managementconsulting #marketing #markets #mentalhealth #mindfulness #money #motivation  #networking #operationsmanagement #personalbranding #personaldevelopment #philanthropy  #productivity #productmanagement #programming #projectmanagement #publicrelations  #realestate #recruitment #riskmanagement #sales #socialentrepreneurship #socialmedia  #socialnetworking #softwaredesign #softwareengineering #startup #startups #strategy  #sustainability #technology #travel #venturecapital #whatinspiresme #onlineshopping    #SCMExcellence #ContentCreation #Ghostwriting #CipherInSCM #PathwayConsulting

1

#WakingWednesday Post 2: How to Leverage JIT and VMI in Your Demand Planning and Forecasts. Many manufacturers have experienced the frustration of losing significant sales due to supply chain constraints caused by sudden shifts in demand. These disruptions often arise from inaccurate forecasts that fail to anticipate unforeseen market trends. Common reasons for forecast failures include: 1. Unpredictable market trends 2. New product launches 3. Seasonality 4. Competitive activity 5. Technological advancements (Rapid advancements in technology can obsolete existing products or create new market opportunities). While it can be challenging to accurately predict these demand shifts, implementing Just-in-Time (JIT) and Vendor Managed Inventory (VMI) strategies can significantly improve supply chain resilience. JIT involves producing goods only as needed, minimizing inventory and reducing the risk of stockouts. By maintaining a lean inventory, manufacturers can quickly adjust production to meet changing demand. VMI empowers suppliers to manage inventory levels at customer locations based on real-time demand data. This approach provides better visibility into demand patterns and allows for more responsive replenishment. Example: A leading electronics manufacturer faced a sudden surge in demand for its latest smartphone due to a successful promotional campaign. By using JIT and VMI, they were able to rapidly increase production and meet the demand, avoiding lost sales. Adopting JIT and VMI can: 1. Improve supply chain resilience 2. Enhance customer satisfaction 3. Strengthen competitive advantage #supplychain #demandplanning #inventorymanagement #justintime #vendormanagedinventory #forecasting #predictiveanalytics Photo courtesy - Picsart AI Image generator

24

2 Comments

Integrated Business Planning for SCM: Driving Efficiency and Agility (96 pages) 1st Edition – 92 pages – Now only for $1.50 (Discount valid until June 30, 2024) Buy now with PayPal! https://lnkd.in/ey3XsFvC In this book, we embark on a transformative journey through the strategic landscape of IBP, exploring its fundamental principles, practical applications, and advanced strategies. Our journey begins by tracing the evolutionary path of Supply Chain Management (SCM) and introducing the pivotal role of Integrated Business Planning. As we delve into the essence of IBP, we uncover its significance in navigating the complexities of today’s business environment, where seamless integration and alignment across diverse functions are imperative for success. #5s #advisory #algorithms #assumendo #automation #automotive #banca #blockchain  #blockchaintechnology #businessanalytics #businessandmanagement #cercolavoro  #coach #collaboration #communication #community #compliance #conference  #consultancy #content #continuousimprovement #cryptocurrency #customerexperience  #dataanalytics #development #efficiency #electricity #employment #engineer  #eprocurement #esg #excellence  #forecasting #freight #freightforwarding #generativeai  #googleworkspace #climateaction #globaleconomy #economicgrowth #growthmindset #gruppocv #ifrs #inclusion #industrialengineering #inventorymanagement  #kanban #kpi #leanmanufacturing #leansixsigma #logisticsmanagement #machinelearning  #maintenance #managementconsulting #manufacturing #maritime #media #microsoft  #network #opentowork #operationalexcellence #outsourcing #packaging #people #planning  #pmp #policy #privateequity #problemsolving #process #production #project  #purchasing  #qualitymanagement #riskassessment #robotics #robots #sap #scm #scrum #security #shipping  #sixsigma #skills #smallbusiness #socialimpact #softskills #solarpower #sports  #suppliermanagement #supplychain #supplychainmanagement #supplychainplanning  #sustainabilityreporting #tender #training #trends #trucking #trust  #universities #validation #warehousemanagement #warehouseoperations #warehousing  #waste #webinar #formación #inteligenciaartificial #creatividad #productividad #eficiencia #liderazgo #capacitación #reclutamiento #empleo #desarrolloprofesional #culturaorganizacional #curso #rrhh #contratación #recursoshumanos #talentohumano #objetivos #lideres #motivacion #agriculturasostenible #proyectos #equality #quality #comment #social #innovation #leanthinking #wastemanagement #skills #development #personalgrowth #continuouslearning #timemanagement #azure #windows #linux #predictivemaintenance #3d #3dprinting #digital #twins #disruption #bestpractices #ebook #link #crisis #fraud #currency #virtualreality #love #empowerment #unity #successmindset #purpose #linkedinconnections  

1