NC State SCRC

MARCH 25, 2021

Any asset that is not producing value is considered waste, and a fundamental of “lean thinking” is that inventory is waste, and time is money. That includes everything from air cargo, fire pits, furniture, auto parts and exercise equipment (including that Peloton that you’ve been waiting on for months!).

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

Supply Chain Shaman

JANUARY 19, 2014

Despite multimillion dollar technology projects, and tomes of strategy documents, they are stuck in their ability to overcome market factors and rising complexity to drive continuous improvement on a portfolio of metrics. I have spent the last month working with clients that are out of balance. What does that mean?

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278

FourKites

JANUARY 7, 2021

They invest in new technologies and data-driven processes that allow them to exercise precise control over the business. In essence, where the agile supply chain is nimble and able to easily handle any surprises that occur, the lean supply chain focuses on continuous improvement and operating with minimal dependencies and safety measures.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software Modeling 52

USC Consulting Group

MAY 24, 2021

One way to find out is by conducting a wide variety of scenario tests, sort of an “if this happens, that will kick in” exercise. We recommend a SIOP system (sales, inventory and operations planning) for the most accurate, up-to-date way to calculate your inventory based on forecasted demand.

Supply Chain Disruption 52

Supply Chain Disruption Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning 52

Intelligent Audit

OCTOBER 27, 2022

Analytics is an inherently scientific exercise, requiring a certain degree of training and expertise. However, relegating these activities to specialists without creating the workflows, touchpoints, and maximal sharing will not produce the results that a company needs to improve workflows and solve business challenges.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Talking Logistics

FEBRUARY 22, 2016

The article goes on to say [emphasis mine]: The shift, part of what Ralph Lauren says is a long-planned action, will move warehousing and inventory management service from a North Carolina distribution center run by XPO Logistics Supply Chain Inc.—an Ralph Lauren to Bring Management of Distribution Site In-House (WSJ- sub. I believe so.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Negotiating Skills Negotiate Pricing 100

crisp

SEPTEMBER 6, 2023

By exercising best practices for scope 3 emissions reporting, CPG organizations can meet growing retailer expectations and gain full-range visibility into their supply chain to identify areas for sustainability and continued improvement.

Procurement Analytics 52

Procurement Analytics Manufacturing Procurement Waste Reduction Supply Chain Design Software 52

Supply Chain Shaman

FEBRUARY 25, 2016

Stuck at the intersection of operating margin and inventory turns, only 10% of companies are making progress. Unable to power additional year-over-year improvements at the intersection of cost and inventory, companies struggle. Short cycles require buffer inventories and short lead times. Let me explain. Outside-in.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

synchrono

DECEMBER 18, 2017

In my view, the process starts by gaining a clear understanding of the current, “as is” state, because you can’t make process improvements unless you can explain the problem you are working to resolve. If you’re not using a manual Kanban system, map the current inventory replenishment process.) A win-win for all.

Inventory Reduction 104

Inventory Reduction Waste Reduction Expense Reduction Vendor Strategies 104

BlueYonder

OCTOBER 1, 2015

The connection to multiple ERP systems this often entails can be a costly exercise. Level 2 – Vendor Managed Inventory (VMI) or Customer Managed Inventory (CMI) is a very familiar practice in the industry. In this supplier collaboration model, the customer turns over replenishment of its inventory to the supplier.

Supply Chain Planning Software 40

Supply Chain Planning Software Modeling Supply Chain Planning Supply Chain Software 40

Supply Chain Trend

OCTOBER 31, 2016

During this exercise I was hand-picked to develop and lead the Demand Planning Team for the largest of the two operating divisions. Also, to make the process work best, the organization needs to utilize a continuous improvement mentality, identifying process metrics to assure that S&OP is functioning well.

S&OP 60

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 60

Unleashed

FEBRUARY 23, 2022

Poka-yoke is a Japanese continuous improvement strategy based on the concept of mistake-proofing – or preventing errors before they happen. Poka-yoke is an important part of the lean manufacturing system, whose main purpose is waste elimination, continuous improvement and adding value. What is poka-yoke?

Manufacturing Procurement 98

Manufacturing Procurement Examples Cost Reduction Strategies Resource Reduction 98

QAD

AUGUST 19, 2021

Stay calm, take inventory, reprioritize often and then tackle them in priority. Debriefing, Reflection and Continuous Improvement. This is a great practice to do as a team to help continuously improve processes and future risk management strategies. Able to execute EO, while exercising Decentralized Command.

Quality 98

Quality Military Continuous Improvement Inventory Reduction 98

Talking Logistics

FEBRUARY 1, 2016

The program director wanted to do something different this year: give the students a transportation optimization exercise for them to work on in class to see what answers they come up with relative to each other and a TMS. Ace has 3 distribution warehouses (Tampa, FL; Chicago, IL; and Atlanta, GA.). I believe so.

San Diego 110

San Diego Optimization Software Tampa Modeling 110

GlobalTranz

JANUARY 21, 2015

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. The distributor maintains the inventory plan. What is Reverse Marketing?

Vendor Strategies 120

Vendor Strategies Cost Reduction Strategies Inventory Reduction Waste Reduction 120

SCMDOJO

JANUARY 23, 2023

It covers major supply chain processes such as managing supply and demand, warehousing, inventory control, transportation, and route optimization. It covers the three main procedures that make up effective supply chain planning: demand planning, sales and operations planning, and inventory and supply planning.

Prescriptive Analytics Software 119

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 119

My Office Apps

SEPTEMBER 24, 2019

For many companies, the ability to track inventory, and manage production is a vital requirement. They’re the type of reports a user might need for managing inventory, or tracking production,which is something they don’t provide for. A successful management approach is to adopt the philosophy of continuous improvement.

Inventory Reduction 40

Inventory Reduction Exercises Software Report 40

My Office Apps

AUGUST 30, 2019

For many companies, the ability to track inventory, and manage production is a vital requirement. They’re the type of reports a user might need for managing inventory, or tracking production,which is something they don’t provide for. A successful management approach is to adopt the philosophy of continuous improvement.

Inventory Reduction 40

Inventory Reduction Exercises Software Report 40

ThroughPut

JUNE 24, 2022

Speed in decision-making, speed in reducing cycle-times, speed in operations, and speed in continuous improvement. ACCURATE INVENTORY MANAGEMENT. Accurate inventory management can ensure the right flow of items in and out of a warehouse. AI in the supply chain is here to stay and make waves in the years to come.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

6 River Systems

OCTOBER 19, 2020

Planning and organizing inventory is a vital facet of warehouse logistics. Mapping your warehouse Mapping a warehouse is an essential exercise for determining what goes where and how operations are handled. Shrinkage Shrinkage refers to the percentage of inventory that is recorded but not physically present.

Warehousing 98

Warehousing Logistics Network Optimization Software Inventory Reduction Supply Chain Planning Software 98

Talking Logistics

MAY 22, 2016

You have to optimize your [transportation, inventory, manufacturing, or other business process] to maximize your costs savings and benefits,” is what industry analysts, consultants, academics, and solution providers have been preaching for decades. The word “optimization” is ubiquitous in the supply chain and logistics industry.

Optimal Sourcing 101

Optimal Sourcing Optimization Software Modeling Supply Chain Optimization 101

GlobalTranz

OCTOBER 29, 2015

KPIs or Key Performance Indicators are a core practice of measuring the effectiveness and for continuous improvement in any business outsourcing model. This exercise prompted Whirlpool to question whether having a single logistics provider was the best structure to exceed customer expectations and maximize cost savings.

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

RFgen

JANUARY 18, 2024

When choosing an ERP solution, consider these top three areas: Vendor Reputation: choose a provider known for reliability, support, and continuous improvement of their systems. Adding a continuous learning program can further enhance overall training. ERP software represents a large investment in terms of money and time.

Supply Chain Planning Software 72

Supply Chain Planning Software Procurement Solutions Optimization Software Modeling Software 72

OptiProERP

MARCH 21, 2019

Applications already available in OptiProERP include: Product recommendations based on the buying histories of your customers, and similar customers, in sales documents; and Intelligent Forecasting – interacting with built-in statistical forecast algorithms to analyze inventory levels and optimize your demand. Continuously improve.

Analytics Software 65

Analytics Software Predictive Analytics Software Forecasting Software Modeling Software 65

KEPLER Consulting

NOVEMBER 24, 2017

Through this exercise, we clearly see how the essence of Supply Chain Management (systemic approach, vision sharing, animation principles…) is essential to face all challenges emerging. A simple mapping exercise reveals how complex SC became. And talent acquisition is a challenging exercise. STATEMENTS. #1 OPERATIONAL.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 40

Talking Logistics

APRIL 7, 2015

First, being able to manage inventory much more efficiently because it all can be seen, down to the individual SKU-level. Second, analyzing, evaluating and tweaking roadblocks and delay points in the supply chain can be done on a continuous-improvement basis to improve performance. Two significant benefits stem from this.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 100