Lora Cecere, aka The Supply Chain Shaman, records her day spent with 120 Supply Chain leaders at a recent GAINSystems event where they explored five reasons why we're not making more progress on Inventory Management.
Lora's article explores the five reasons: holistic thinking, planning system satisfaction, over-dependence on spreadsheets, rise in complexity and organisational alignment.
Read her article via Supply Chain Shaman.
The same subject is also explored by Lora in her Supply Chain Insights podcast.
"I am proud of GAINSystems for their work on master data management and machine learning. I started covering GAINS in 2001 as an analyst at Gartner. Today, the small company is innovating faster than larger competitors. Focused and caring, the company is making progress. While there are more sophisticated architectures and larger, more global organisations, GAINS is a great value for companies seeking to test new concepts at a reasonable price."
GAINSystems takes home the 2018 North American Supply Chain Planning for MRO Product Leadership Award
GAINSystems to Lead Panel Discussion on Modern Inventory Optimisation at Gartner Supply Chain Executive Conference
GAINS Customers to Share Outstanding Supply Chain Results and Guide Product Direction at 15th Annual Research Group Conference
Please use this link to register for the third trimester of 2015 classes.
Based on Gartner Group’s national research, Tim Payne, Vice President of Research for Gartner Group, will present the four most challenging issues for Retail Organisations when it comes to operational planning. Christine Ogden, Merchandising Operations Manager for SuperCheapAuto, the largest Auto Parts Retailer in Australia & New Zealand, will validate how SuperCheapAuto employed GAINS to master these 4 challenges. Once mastered, the SuperCheapAuto team, in 12 months, was able to increase corporate EBIT by 11% while opening 30 new stores with no increase in inventory investment.
Watch the Webinar
Will Benton, CEO of GAINSystems was interviewed by SupplyChainBrain regarding Inventory Optimisation (see link below). In the interview he clarifies the definition of true optimisation and dispels many of the errant claims to ‘optimisation’ that are, in fact, merely inventory management methods.
Watch the interview
After achieving much success with its retail planning implementation, Australian supply chain consulting firm GRA has again partnered with Officeworks to develop the business’s planning function, including significant improvements to processes and systems, with the integration of GRA’s flagship forecasting and planning software, GAINS, and its IT platforms.
With revenues of $1.5 billion and 150 stores, Officeworks is Australia's leading retailer and supplier of office products and solutions for home, business and education needs, and has joined GRA’s extensive list of blue-chip clients. Officeworks is Australia’s largest office supplies retailer, catering for households and businesses of every size with around 15,000 products across a range of departments. Officeworks provides customers with three easy ways to shop - in store, online or by phone.
GRA Partner Luke Tomkin said: “We’re excited to help another retail client implement a truly demand-driven supply chain; especially one with such a significant footprint across Australia’s retail landscape. Officeworks offers its customers what they need, when they need it and at the lowest prices. Just in implementing this solution demonstrates its ongoing commitment to this promise.
“For a company like Officeworks, demand planning every product at every location uniquely equates to more than 1.8 million forecasts on a daily basis, no small feat. So it requires both sophisticated business processes and planning systems,” he continued.
“Couple that with Officeworks’ customer service promise and multiple channels to market and you have a big challenge, but one that offers big rewards. What Officeworks has achieved with GRA’s help will substantially improve the customer experience whilst reducing operating costs and excess inventory.
“Competitive pressures mean supply chains need to become increasingly responsive to customer needs, and enabling a bottom-up demand driven planning process is critical in achieving this,” he said
“As with all our clients, we look forward to a long term partnership with Officeworks. This is just one step in optimising Officeworks’ supply chain and planning functions. It is an exciting journey. Delivering results is what drives our culture, and for Officeworks that means ensuring they meet their customer service promise; what you need, when you need it and all at the lowest prices,” Mr Tomkin concluded.
OCTOBER 29, 2010Australian supply chain consulting firm GRA is achieving continued success in the pharmaceutical industry,with Clifford Hallam Healthcare Pty Ltd (CH2), Australia's leading wholesaler and distributor of healthcareproducts and services, joining its list of blue-chip clients. CH2 will begin using GRA's flagship forecasting andplanning software, GAINS, later this year.
With revenues of approximately $800m and over 15,000 products, CH2 is Australia's largest pharmaceuticaland medical healthcare service provider. The company's 8,000 plus customers are located throughoutAustralia in metropolitan, regional and country areas and include public and private hospitals, aged care,primary care and veterinarians.
“Building on existing success in the pharmaceutical wholesale industry, we're looking forward to working withour new client partner to deliver market leading results,” said GRA Partner, Carter McNabb.
“GRA's forecasting and planning tool GAINS is the most powerful in its class, and the outstanding results ourclients achieve with substantial inventory reductions, reduced operating costs and increased service levels istestament to the tool's ability. With Symbion and now CH2 on board, GAINS is planning and optimising asignificant proportion of pharmacy and hospital distribution across Australia,” Mr McNabb said.
With significant inventory levels, national supply chains and stringent service level requirements,pharmaceutical wholesalers and distributors are well positioned to achieve sustainable benefits from "best ofbreed"GAINS forecasting and inventory optimisation software.
“We selected GRA and GAINS because their track record of delivering results to their clients is impressive. Welooked at a number of options in the market and decided that both their planning tool and implementationapproach were the best,” said Tim Cosgrave, National Procurement Manager for CH2.
“Financial performance and working capital efficiency are important to our shareholders, but customer servicelevels are critical to our position in the industry. Given our analysis of their experience and capabilities, we feltcomfortable that GRA would help us deliver greater financial returns, but at the same time increase serviceperformance to our customers,” said Mr Cosgrave.
Since 2001 GRA has been working with Symbion Pharmacy Services (SPS), one of Australia's leadingpharmaceutical wholesalers, to deliver enhanced forecasting and planning capabilities. The successfulimplementation of GAINS software has reduced inventory levels by 26 per cent and increased service levels to97 per cent. SPS achieved increased return on assets (ROA) and improved supply chain efficiency.
GAINS is a "best-of-breed"demand, inventory and supply chain planning and optimisation system with uniqueplanning capabilities that enable businesses to optimally balance the 4 C's - Capital, Costs, Capacity andCustomer service levels. Providing a powerful, fact based decision support at the strategic, tactical andoperational levels, GAINS is a time-tested solution with the proven ability to rapidly deliver results and createadditional value within the supply chain.
“On the surface other tools may appear to have similar functions, but GAINS has been developed and provenover the last three decades and is in a class of its own,” said Mr McNabb.
“Much of GRA's success comes from our proven methodologies for quickly delivering quantifiable andsustainable improvements in inventory, cost and service level performance. We achieve this by maintaining ahighly practical approach to implementation that ensures results are delivered by working closely with our clients.”
GRA is Australia's premier specialist supply chain and logistics consulting firm. Founded in 1997, the companyoffers expert consulting, professional services and advanced planning systems across a broad range ofindustries throughout the Asia Pacific region.
GRA provides its clients with a competitive advantage by significantly improving margins, asset efficiency andsupply chain responsiveness. Work undertaken is at strategic, operational, systems implementation andtraining/education levels. Using proven methodologies for delivering real working capital, cost and servicelevel improvements, GRA's focus is bringing about real change and sustainable benefits for its clients.
GRA's clients include Amcor Fibre Packaging, Australian Defence Forces, Australia Post, Cadbury Schweppes,Cement Australia, Cummins Engine Australia, Fosters Australia, Honda Australia, Hunter Valley Coal, Mitre 10,Nestle Australia, OneSteel, Qantas, Reece, Sara Lee Australia, Super Cheap Auto and Wesfarmers Industrial &
Clifford Hallam Healthcare Pty Ltd (CH2) is Australia?s largest wholesaler and distributor of healthcare productsand services to healthcare organisations. It is accredited to the current quality standard ISO 9001:2008.
With branches in each state, CH2 is committed to the ongoing implementation and maintenance of qualitycustomer service and management procedures to ensure the highest possible standards in its delivery ofproduct, back-up service and technical support.
CH2 carries a comprehensive range of medical and surgical products, pharmaceuticals, general hospitalconsumable items and healthcare equipment.