- 27
- 686 671
AbcSupplyChain
United States
เข้าร่วมเมื่อ 17 พ.ค. 2021
🎯 The Online School for Supply Chain Experts & Leaders
🚀 Boost your skills & careers in less than 4 weeks 🚀
🌍 +130K professionals use our tools & methods 🌍
👨👩👧👦 Thousands of members part of the AbcSupplyChain family 👨👩👧👦
🎯 Keep it simple with real-life examples and 20/80 approach 🎯
😌 Reinventing more efficient and regenerative supply chains ⚖️
► Your challenges
-How to optimize your Supply Chain ?
-How to improve your inventory management ?
-How to increase your service rate ?
-How to improve your forecast accuracy ?
-What tools & software to use ?
-How to boost your career and get your dream job ?
► For the last 15 years, no matter which countries, size of the company or industry, I got these same questions while I was working as :
-Warehouse worker
-Demand Planner
-Supply Chain & Logistics Project Manager
-Supply Chain Manager
-S&OP Manager
-Supply Chain Director
-Supply Chain Consultant
-Entrepreneur
-TH-camr 🫣
Enjoy 😃
Edouard Thieuleux - Founder of AbcSupplyChain
🚀 Boost your skills & careers in less than 4 weeks 🚀
🌍 +130K professionals use our tools & methods 🌍
👨👩👧👦 Thousands of members part of the AbcSupplyChain family 👨👩👧👦
🎯 Keep it simple with real-life examples and 20/80 approach 🎯
😌 Reinventing more efficient and regenerative supply chains ⚖️
► Your challenges
-How to optimize your Supply Chain ?
-How to improve your inventory management ?
-How to increase your service rate ?
-How to improve your forecast accuracy ?
-What tools & software to use ?
-How to boost your career and get your dream job ?
► For the last 15 years, no matter which countries, size of the company or industry, I got these same questions while I was working as :
-Warehouse worker
-Demand Planner
-Supply Chain & Logistics Project Manager
-Supply Chain Manager
-S&OP Manager
-Supply Chain Director
-Supply Chain Consultant
-Entrepreneur
-TH-camr 🫣
Enjoy 😃
Edouard Thieuleux - Founder of AbcSupplyChain
Value Chain Analysis Explained: Definition, Evolution, Examples, Models
Download my free 56-slide presentation on value chain analysis 🙌
👉 abcsupplychain.com/download-value-chain/
What is your value chain?
How will you bring more value to your company and your customers? 🚀💰😁
Our value chains have come a long way since Michael Porter's introduction in 1948.
It's no longer just about producing the cheapest manufactured goods.
Chapters :
00:00 - Introduction
00:00 - Porter's value chain
02:11 - Value chain definition
04:32 - Value chain optimization
05:48 - History of the value chain
08:37 - The role of the Supply Chain in the value chain
09:54 - Measuring the value of the Supply Chain
12:50 - Our KPI tutorials and training courses
13:20 - The future of the value chain
16:47 - How to contribute to this value chain?
17:12 - Our strategic skills assessments
OUR FREE ASSESSMENTS: 🎯
- 💪🏻 Supply Chain Skills Assessment: assessment.abcsupplychain.com/supply-chain-assessment
- 🚀 Supply Chain Performance Assessment: assessment.abcsupplychain.com/performance-assessment
- 💰 Supply Chain Salary Calculator : abcsupplychain.com/supply-chain-salary-calculator/
OUR FREE 5 MINI COURSES: 👨🏫
- 🎁 abcsupplychain.com/free-supply-chain-management-courses/
OUR CERTIFIED TRAININGS :
- 📦 Inventory Management : abcsupplychain.com/inventory-management-course/
- 📈 Forecasting : abcsupplychain.com/demand-forecasting-course/
- 🛠️ Excel Expertise : abcsupplychain.com/excel-course/
- 📊 Data Analytics : abcsupplychain.com/supply-chain-analytics-course/
FIND US HERE:
🌍 Our Website / Blog - abcsupplychain.com/
✉️ E-Mail : contact@abcsupplychain.com
👨💻 Linkedin - www.linkedin.com/in/edouardthieuleux/
👉 abcsupplychain.com/download-value-chain/
What is your value chain?
How will you bring more value to your company and your customers? 🚀💰😁
Our value chains have come a long way since Michael Porter's introduction in 1948.
It's no longer just about producing the cheapest manufactured goods.
Chapters :
00:00 - Introduction
00:00 - Porter's value chain
02:11 - Value chain definition
04:32 - Value chain optimization
05:48 - History of the value chain
08:37 - The role of the Supply Chain in the value chain
09:54 - Measuring the value of the Supply Chain
12:50 - Our KPI tutorials and training courses
13:20 - The future of the value chain
16:47 - How to contribute to this value chain?
17:12 - Our strategic skills assessments
OUR FREE ASSESSMENTS: 🎯
- 💪🏻 Supply Chain Skills Assessment: assessment.abcsupplychain.com/supply-chain-assessment
- 🚀 Supply Chain Performance Assessment: assessment.abcsupplychain.com/performance-assessment
- 💰 Supply Chain Salary Calculator : abcsupplychain.com/supply-chain-salary-calculator/
OUR FREE 5 MINI COURSES: 👨🏫
- 🎁 abcsupplychain.com/free-supply-chain-management-courses/
OUR CERTIFIED TRAININGS :
- 📦 Inventory Management : abcsupplychain.com/inventory-management-course/
- 📈 Forecasting : abcsupplychain.com/demand-forecasting-course/
- 🛠️ Excel Expertise : abcsupplychain.com/excel-course/
- 📊 Data Analytics : abcsupplychain.com/supply-chain-analytics-course/
FIND US HERE:
🌍 Our Website / Blog - abcsupplychain.com/
✉️ E-Mail : contact@abcsupplychain.com
👨💻 Linkedin - www.linkedin.com/in/edouardthieuleux/
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Perfectly explained! Thank you 🏆
You're welcome!
One of the best videos I have had the opportunity to hear. The content was clear and concise while still bringing in calculation elements. I worked for a very large corporation and have sat through "heavy" presentations only to see 50% of the audience dazed and confused. Well done!
Thank you so much ! We're thrilled you found the video clear and engaging 😊
Thanks Edouard for your excellent explanation. But for the error calcuation, should it be ( Acual - Forecasted value ??) As you made it Forecasted demand- Actual demand, specailly when it goes to MAPE later it will be affected.
Hello, let me introduce myself. I am a student working on a project with the topic 'Blockchain Application in Supply Chain.' Could you help me with some suggestions on what this website should include? Thank you!
Hi, you can check on our blog if you find more information to help you structure your website : abcsupplychain.com/blog/ Good luck with your project !
what do you mean by base 100?
thank you
thank you for sharing this productive video
How soon will you be dropping the video addressing seasonality (ie. holiday peaks for Black Friday / Cyber Month as well as other impactors like US retail sales periods for Labor Day, Memorials Day, etc.)? Thank you!
Hi Susan, we regularly upload new videos to address key topics. In the meantime, feel free to check out this video on seasonality, which should already answer some of your needs: th-cam.com/video/A12r_T1gQow/w-d-xo.html
Great video, being a practitioner in Supply chain - I find your video super value adding. Thank you
Hello, first i thank you for such valuable content for audience. Quick question plz, What is Consolidated cost vs PII ( Profit in inventory) cost.? i am new to the process. We are booking monthly provisions for obsolete goods for Intercompany materials. Journl entry is i,.e. Cr. Balance sheet 1000USD and Dr. P&L consolidated Cost 300USD & PII cost 700USD. May be if you can assist in this part too in detail.?
Thank you for your question! -Consolidated Cost: Total cost after removing intercompany profits for accurate group reporting. -PII (Profit in Inventory) Cost: Unrealized profit from intercompany inventory, adjusted to avoid inflating profits until sold externally. Your journal entry: -Cr. Balance Sheet (1000 USD): Reduces inventory value (e.g., obsolescence). -Dr. P&L Consolidated Cost (300 USD): Group adjustment. -Dr. P&L PII Cost (700 USD): Unrealized profit adjustment. This ensures accurate reporting. Please understand I can’t go into more detail as this isn’t free private coaching. Hope it helps! 😊
But some people define it as the inverse of the formula you explained i.e. COGS/Avg. Inventory. Anyways, I find your 'stock turn in days' very useful. Thank you.
Thank you for your comment, as I explain in the video, you can define it either as the number of cycles or in days-it’s just two sides of the same coin. Cycles are simply the inverse of days, and vice versa. What you choose to call it doesn’t really matter as long as you understand the concept. 😊
How can I get dashboard?😊
Hi ! The dashboards are included in our course SCM analytics here :) >> abcsupplychain.com/supply-chain-analytics-course/
Fricking amazing stuff! Keep going :D
Thanks, will do!
This is sooo clean. Triggers 1000 thoughts in my head seeing this!
😁 That's the point
THIS GUY JUST RECOMENDED HIS PREVIOUS VIDEOS
Yes I did, the other video is very complimentary :)
Very useful!
Glad it helps 😁
Hi Eduardo, this formula also doesn't factor in credit line from suppliers. If I have a supplier who gives 30 days of credit how do I factor this in? Another thing to bear in mind is that in food products there is a shelf life which needs to be factored in for storage. How do I go about incorporating these two things?
Great question! Here's how to adjust: 1.Credit Line: If you get 30 days of credit, it reduces your holding cost. For example, if holding cost is $2/unit/year: Adjusted Holding Cost = $2 × (1 - 30/365) = $1.84/unit/year. 2.Shelf Life: Make sure EOQ doesn’t exceed what you can sell before expiration: Max Order Qty = (Demand per year × Shelf Life in days) / 365.
i dont receive file via email - please help me
Hi! Sorry we had an issue and it was not working last week. You can reopen the links in the emails it should work now :)
Dear Edouard, I have inrolled in your mini cource and I Got a link to the first 2 vids. The next to mails with videos just sent me to the cource main site where I cannot view the videos but only inrole in the full cource. It seems that im stuck in a loop but there is not access to the free mini cource. Please help!!
Hi! Sorry we had an issue and it was not working last week. Reopen the links in the emails it should work now
Very informative. Thank you so much!
You're welcome !
Hello Édouard, I am currently pursuing a Master’s degree in supply chain in France, where I am doing a work-study program with a major retail group. My goal is to work abroad after my Master’s to gain valuable experience. However, I do not wish to stay abroad permanently. I plan to return to my country, Chad. Chad is a landlocked and underdeveloped country, and I am thinking about ways to contribute to its development and become a leader there. In my free time, I research key opportunities and sectors. I would like you to guide me on the essential skills to develop and the concrete activities I can undertake in Chad to align with this vision. Thank you for your support.
Hello Youssouf, your journey and ambitions are truly inspiring. You’re on the right path; keep going! 🌟
@abcsc Thanks 😊
this video is so under rated this helps a lot lot if they are really want to get into supply chain management i hope this video reaches everyone
Thank you so much for your kind words! 🙌 Glad you found it helpful-let’s hope it reaches more people passionate about supply chain management! 😊
I'm currently working as a Logistics Coordinator with previous experience as an Inventory Executive. Although I earn approximately $2,890 USD, my drive comes from a passion for the logistics field. I'm looking to apply globally, especially in Australia. Is the CISP certificate enough for a managerial role? Also, how can I stand out in interviews without significant industry contacts? Any advice would be greatly appreciated!
Hello! Great to hear about your passion for logistics. Your certificate is a solid asset, and highlighting your experience and commitment to learning can really help in interviews. Advanced training, like our online supply chain courses, could also boost your profile for managerial roles. Best of luck, and feel free to reach out in case of training project 🙂
Salut Edouard, je vous lais vous remercier pour cette video et pour les info qu'elle contient, bcp de clarification et je me sens chanceux d'avoir tombé sur votre chaine, bonne continuation
Avec plaisir, on va bientôt sortir plein d'autres vidéos :)
@@abcsc De mon coté, j'ai activé les notifications pour rien raté, je suis un responsable des importations et je cherche a me lancer plus dans le supply chain et vos videos m'on clarifier bcp de choses, merci encore
Hello, It would be interesting to have a series of videos explaining what you need to study or know to move from one position to the other. Great job; keep up the good work.
Thank you Carlos we take note of your suggestion 🙂
Hi Carlos, thank you for telling us, we take good note of your suggestion :)
Good explanation I'm doing my dissertation on Blockchain and digital ledger technologies for real time inventory tracking in Zimbabwe
Best of luck !
Can I use these formula for Raw Materials?
Hi, yes you can. But you should then estimate the demand for those raw materials, using the finish products demand and BOM for example. And also know your raw material lead time
Thank you so much for your vide. I have 4 questions: 1. Reorder point is always greater than safety stock, so we just need to care about reorder point because it can assure safety stock as well, dont we? 2. How can we have these formular for each method, can you provide more how to build these formula? 3. Average sale is actually average demand right? 4. Do we need to check our data is normal distribution before apply this?
Hi, you're welcome! 1. No, the reorder point is calculated using the safety stock 2. Download the Excel file below the video 3. We use past sales data as our forecasted demand data 4. No, I recommend trying safety stock with normal distribution before trying other statistical models and adding complexity. Except if you have intermittent demand, then safety stock might not be the right method.
Can we use quantity of items on hand instead of using cost?
Hi, yes. As I say in the video, you can use on hand quantities only if you use sales quantities as well in the calculation.
great..👍
I'm glad you enjoyed it!
Hi @AbcSupplyChain, have you used Demand and sales interchangeably ?
Competitive advantage in 1948 you mean 1984 😅😅😅
Indeed, a typo mistake, the available file has been corrected no worries :) thank you for noticing !
great stuff , always like the simplicity you use
Thanks for the feedback Sylvester 😊 I hope you're doing well
Thanks for the insights! Always great to hop on YT and see a new video from ABCSupplyChain!
Download my free 56-slide presentation on value chain analysis 🙌 👉 abcsupplychain.com/download-value-chain/
😂 I see now that I’m not the only one who speaks softly and nicely to ChatGPT ensuring my place in the future just in case of some Terminator type judgment day. Thanks so much for this tutorial.
😂 See you on the other side of judgement day Andrezia ! 🤖
Amazing, what a great sharing! Really appreciated. Looking forward more video
Thank you so much! We’re thrilled you enjoyed it. Of course, stay tuned !😁
Thanks a lot sir It was helpful for me
You’re very welcome! Glad to hear it was helpful for you.
Excelent content!
Thank you, happy to know you enjoyed the content !
76861 Bernadine Junction
Thank you for sharing your massive supply chain knowledge Edouard
You're welcome 🙂
Magnifique !! Thanks for doing content like that!!
Glad you liked it! I'm going to try to release this format more frequently 😊
Nice Info ..
can we have the tutorials for seasonality as well,please
Thanks for the content idea 👍🏼
Hello :) Thanks for this video, it's really helpful. May I check at the 12:00 of the video, is the objective of the 2023 forecast to spread out $70m of revenue by month? If so, should we use Base Rate of the respective month *$70m / 12 mths instead? In that way, the sum of the 12 mths spread = $70m. Thank you for your advice. :)
Wonderful video, very informative. Thank you so much.
How to calculate Average stock COGS for each product, sir?
Suppose you have the following data for a product over a month: Opening Stock: $10,000 Closing Stock: $8,000 Purchases during the period: $12,000 Average Stock=210,000+8,000=9,000 COGS=10,000+12,000−8,000=14,000 Inventory Turnover Ratio=9,00014,000≈1.56 This means the inventory turned over about 1.56 times during the period.
Ondricka Pine
Very comprehensive guide with good visuals and explanations. As an aspiring supply chain professional striving to do well, the video gave me clear directions on the many exciting paths in the supply chain industry! Thank you :)
I'm glad Eric, best of luck on your supply chain adventures 🚀
Thank you so much Eduard for your great work and sharing with us.