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QueBIT Blog: How better planning can help Wholesale Distribution companies fix their Supply Chains

Posted by: Ann-Grete Tan Oct 17, 2022 8:33:43 AM
If you work in the wholesale trade/distribution industry, life is probably very interesting right now. Even at the best of times, wholesale distributors face immense complexity, juggling large... Read More

QueBIT Blog: Making the case for Inclusiveness as a Business Accelerator

Posted by Ann-Grete Tan

There are myriad business reasons to cultivate an inclusive culture, and here are a few examples:

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QueBIT Blog: Workday Rising 2022 did not disappoint!

Posted by Chad Perry

Having missed Adaptive Live the past couple of years due to the global pandemic, it was very exciting to be back in person at Workday Rising 2022 last week in Orlando! Between in-person and virtual, there were roughly 19,000 attendees! If you couldn’t attend, I’d suggest blocking off your calendar for next year’s event to be hosted in San Francisco the week of September 25, 2023.  

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Topics: Workday Rising

QueBIT Blog: Wholesale Trade needs to streamline FP&A[1] now more than ever

Posted by Ann-Grete Tan

Few are more affected by supply chain disruptions than the distributors who make up the Wholesale Trade industry. As intermediaries between manufacturers and final customers, distributors add value in myriad ways including repackaging, inventory management, and logistics which means their businesses are especially impacted by factors like uncertain delivery times, struggling suppliers, and inflation.

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Topics: FP&A

QueBIT Blog: QueBIT Insurance Solution listed on the Workday Marketplace

Posted by Ann-Grete Tan

Every company plans. Historically, corporate financial planning has been a predictable, sometimes painful, process that brought managers together to make decisions about future company direction and priorities, while also providing a benchmark against which to measure performance.

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Topics: Adaptive, insurance, workday

QueBIT Blog: xP&A, Procurement Planning, and the Office of the CFO

Posted by Ryan McKinney

The world of planning and analysis has been experiencing a fundamental shift in recent years. If you are unfamiliar with xP&A, short for eXtended Planning and Analysis, you may not be aware of this shift. So first, what exactly is xP&A? Directly quoting Gartner, “xP&A is the evolution of planning, combining financial and operational planning on a single composable platform. It ’extends‘ traditional FP&A solutions focused solely on finance into other enterprise planning domains such as workforce, sales, operations and marketing.”

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QueBIT Blog: Demand Planning – Continuous Evolution Leads to Best-In-Class

Posted by Deepak Kumar

Demand planning is a critical cross-functional process, which helps to align and forecast customer demand for a product or business. It aids to optimize inventory management, avoid supply chain disruptions, and minimize supply chain inefficiencies. It also helps to increase overall customer service level, customer satisfaction, efficiency, and profitability. Demand planning compliments sales and operation strategy by providing direction and forward-looking guidance. Demand planning, including demand sensing, should be a continuous process to support effective decision making at all levels.

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Topics: Demand Planning

QueBIT Blog: ESG Reporting - The Data Basics

Posted by Ann-Grete Tan

As investors focus on environmental, social and governance (ESG) issues, they are increasingly asking companies to provide information about their performance in these areas. ESG reporting is becoming an expectation of investors and will soon be an SEC regulatory requirement. Many companies have started tracking their ESG performance, but it can be a challenge to do so effectively. In this blog post, we will discuss the data aspect of ESG reporting, along with a solution!

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QueBIT Blog: Scenario Planning for Supply Chain Planning

Posted by Deepak Kumar

Supply chain is considered part of every broad and little aspect of business (including raw material acquisition, product distribution, and customer service) and the Supply Chain function has added tremendous value and strengthened operational efficiency. It has also embraced a lot of uncertainty, including demand fluctuations, to support continuous improvement and deliver return on asset employed. Unfortunately, the last two years have put a lot of strain on the overall supply chain, and this has re-ignited discussion around scenario planning in supply chain, especially related to demand variability.

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QueBIT Blog: Multi-Echelon Inventory Optimization

Posted by Deepak Kumar

Businesses are dealing with very uncertain times in supply chain management, as every aspect is under a microscope. For supply chain executives dealing with these challenges and the resulting disruption, it has become important to manage unpredictable demand efficiently and optimize inventory in the network to support these demands. Over last 2 years, the pandemic has truly challenged traditional processes and shown the importance of optimal inventory across multiple echelons of the supply chain, as effective inventory management is critical to support organizational growth, impacting both top and bottom lines. The strategic understanding and execution of optimal inventory levels not only helps manage unpredictable demand, but also helps mitigate risk, manage disruptions, and support timely and effective decision making. To address these issues, a strategy that allows for improved performance is called multi-echelon inventory policy, where inventory levels of each echelon support enhanced inventory management coordination.

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