Remove 2020 Remove Eliminating Excel in Purchasing Remove Inventory Remove Procurement
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Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

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Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Belief in efficient procurement.

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2020 Requires Big Wings and Feet

Supply Chain Shaman

The focus is on the role of supply chain finance in driving supply chain excellence. The design of the conference includes tours of several modern warehouses and centers of excellence. The fall ritual precedes the dropping of the ball on Times Square to ring in 2020. ————————-.

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How We Stubbed Our Toe in The Evolution of S&OP

Supply Chain Shaman

Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Demand latency is two-eight weeks delayed from consumption purchase to translate to an order. Industries carried on average 32 days more inventory in 2020 than in 2007. (I Mistake #3. Measure it.

S&OP 195
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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

A container from Shanghai to Long Beach was 56 days in 2020 and increased to 80 days in 2021. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. Focus on Cost. A Decline in Innovation.

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Supply Chain Planning Solutions are Not Just for the Big Boys

Logistics Viewpoints

In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company. At Dow, Mr. Baker had Purchasing experience in raw materials, and logistics for their plastics supply chain.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

A container from Shanghai to Long Beach was 56 days in 2020 and increased to 80 days in 2021. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. Focus on Cost. A Decline in Innovation.