Supply Chain Shaman

APRIL 9, 2021

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. Despite spending 1.1% Mistake #4.

Supply Chain Planning Software 362

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Supply Chain Shaman

JULY 19, 2020

Excellent firms don’t believe in excellence – only in constant improvement and constant change. What Is Supply Chain Excellence? My second observation is that for 96% of public companies supply chain excellence is slip-sliding away. Reflections on Excellence. Tom Peters. Here, in this blog, I explain.

Supply Chain Design Software 414

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GlobalTranz

JANUARY 8, 2016

We conclude this two part series about manufacturing operations excellence by consultant Chuck Intrieri, by outlaying why manufacturers should focus on a critical component that will help sustain manufacturing operations excellence for years to come. What is Driving Sustainable Manufacturing Operations Excellence? Work centers?

Manufacturing Procurement 120

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ThroughPut

JUNE 4, 2020

It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization is also considered as the next level of inventory management for warehouse and supply chain managers. Lack of automation.

Optimal Sourcing 52

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ThroughPut

JUNE 4, 2020

It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization is also considered as the next level of inventory management for warehouse and supply chain managers. Lack of automation.

Optimal Sourcing 52

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Enterra Insights

DECEMBER 4, 2019

More e-commerce orders mean a big increase in transportation requirements. Consumers are demanding faster shipping, better visibility and excellent customer experience from the places they shop. ” His answer, “Investing in dynamic omnichannel technology that can support quick changes in inventory management.

Procurement Solutions 100

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Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. However, there are no sure bets.

Supply Chain Planning Software 150

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Logistics Viewpoints

NOVEMBER 4, 2021

High e-commerce shopping rates combined with construction delays are causing a strain in the supply of new warehouse space, especially as companies shift their inventory management strategies from just- in-time (JIT) inventory management to larger safety stocks for better responsiveness.

Warehousing 201

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Supply Chain Opz

JANUARY 3, 2022

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. He has an MBA from UCLA.

Logistics Network Optimization Software 130

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Logistics Viewpoints

NOVEMBER 30, 2020

According to Mr. Valdez, there were four critical improvement initiatives spanning inventory management, transportation, automation, and operational excellence. The anchor and catalyst for our transformation” was moving to using one pool of inventory to fulfill all digital and in-store purchases.

Procurement Analytics 130

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ThroughPut

APRIL 30, 2024

The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency. The What and Why of AI Tools for Supply Chain There is a reason why everyone is talking about AI tools and why people are driven to make impulsive purchases of AI-powered tools.

Supply Chain Planning Software 52

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ToolsGroup

SEPTEMBER 22, 2021

Over time, I’ve been fortunate to work in groups where both men and women were well represented, and I’ve had excellent leaders who championed my career by giving me the freedom to chart my own path. The truth is women have long been underrepresented in supply chain leadership.

Supply Chain Planning Software 177

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Unleashed

AUGUST 3, 2021

This increase in pet ownership—along with panic buying—has created a huge surge in demand for pet food. tended to buy their?pet purchase in bulk, hoarding quantities?of Shortages in ground transportation equipment?and Surveys show that two out of five puppy purchases were directly?influenced million UK households?have

Manufacturing Procurement 98

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SCMDOJO

FEBRUARY 20, 2023

Distribution Operations Definition Distribution Operations refers to the management and execution of the processes involved in delivering products or services to end users. It involves various activities, such as warehousing, inventory management, transportation, and logistics. Logistics KPI Dashboard Excel Template 4.

Inventory Reduction 103

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SCMDOJO

MARCH 19, 2024

These functions include procurement, production planning, inventory management, logistics, and customer service. Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs. Enroll Now!

Optimal Sourcing 76

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GlobalTranz

JANUARY 7, 2016

Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. It was called, “ The Short List ”.

Manufacturing Procurement 120

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SCMDOJO

JULY 24, 2023

Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company. It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider.

Logistics Network Optimization Software 91

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Precoro

NOVEMBER 7, 2022

What different products or services does the staff need to purchase in order to produce pizza? Direct procurement , or direct spend , is the purchase of goods and services directly associated with the manufacturing of the company's final product. Typically, direct purchases are made in large quantities to get a bulk discount.

Manufacturing Procurement 52

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AIMMS

OCTOBER 22, 2019

The other part of my role is supporting the inventory management functions within BT Group, driving decision-making around what we buy, when we buy, and where from. Our inventory managers work with demand and supply forecasting across our business. This has been a big impact.

Supply Chain Design Software 240

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Unleashed

FEBRUARY 8, 2024

Effective inventory tracking is a critical component of inventory management. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. It helps you to meet any legal and regulatory obligations.

Inventory Management Software 52

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QAD

MARCH 30, 2023

There are two types of RFID tags commonly used in logistics and transportation: Passive RFID tags utilize the power in radio waves emitted by fixed or portable readers to rebroadcast their unique identification. Inventory tracking is the most successful use case for RFID technology. This isn’t a task for an Excel spreadsheet.

Manufacturing Procurement 90

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GlobalTranz

FEBRUARY 16, 2016

Productivity increases from wearable voice command tools can increase factory warehouse efficiencies up to 30 percent, according to an article in Supply Chain Management Review. . An excellent Warehouse Management System (WMS) can help reduce costs by automating cycle counting, and maintaining location control.

Cost Reduction Strategies 120

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Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. When it comes to customer service, how you manage your WooCommerce order fulfilment plays a vital role in meeting customer expectations. In a manufacturing setting, this step involves the purchasing of raw materials and production equipment.

Inventory Management Software 52

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SCMDOJO

JUNE 21, 2023

allowing them to shift their focus towards core activities like market share and product management. Companies with advanced supply chain practices excel in delivering quality third-party logistics management, SKU optimization, efficient transport management, and swift handling of B2B/B2C shipments.

Supply Chain Planning Software 91

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Unleashed

FEBRUARY 26, 2024

Warehouse inventory management is a sometimes complicated, always-vital process for managing a company’s physical goods. With the right approach, effective warehouse inventory management will help you increase productivity and profitability while keeping customers loyal and happy.

Inventory Management Software 52

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SCMDOJO

MARCH 27, 2024

The world of supply chain management is fast-paced. It is also a means to maintain a competitive edge and operational excellence. It is a supply chain management software for small businesses. It caters to those wanting to eliminate manual work and control their purchases. It excels in demand forecasting.

Supply Chain Design Software 70

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Locus Robotics

MARCH 9, 2023

By Geoff Whiting, Senior Writer, Red Stag Fulfillment Applying automation and artificial intelligence (AI) to supply chain management is an excellent way for manufacturers to increase the accuracy, speed, and efficiency of operations. RPA is an excellent tool for automating laborious processes currently executed manually.

Supply Chain Software 52

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Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. When an order is confirmed, the items need to be collected from inventory and packaged for shipment.

Inventory Reduction 52

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AIMMS

OCTOBER 22, 2019

The other part of my role is supporting the inventory management functions within BT Group, driving decision-making around what we buy, when we buy, and where from. Our inventory managers work with demand and supply forecasting across our business. This has been a big impact.

Supply Chain Design Software 156

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Freight Plus

OCTOBER 25, 2019

This, along with many other leading indicators (transportation data, inverted yield curves, lower GDP) still make the possibility of a recession in 2020 a real possibility. They also purchased a bunch of new equipment in early 2019 so their operating costs are a little higher. All excellent points. Russ: Normal.

Negotiating Skills 40

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GlobalTranz

FEBRUARY 4, 2019

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. As omnichannel shopping becomes the standard for consumers, the use of freight data will excel.

Supply Chain Planning Software 120

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ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. Amazon Amazon utilizes predictive analytics to optimize its inventory management.

Prescriptive Analytics Software 52

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SCMDOJO

AUGUST 4, 2023

By implementing effective inventory management and inventory reduction strategies, you can optimize your operations, enhance customer satisfaction, and ultimately boost your bottom line. Balance Sheet ($ millions) Current Asset Inventory $ 14.0 $ 9.0 Inventory Turnover COGS/Inventory $60/$14 = 4.3

Inventory Reduction 91

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Intelligent Audit

MARCH 23, 2022

“Demand was greater than available inventory” was a common theme in many retailers’ earnings announcements in early Q1 of 2022. After a strong start to the quarter in inventory receipts and product sell-through, we experienced unexpected inventory receipt slides in key categories due to extended port and transportation delays.

Supply Chain Planning 52

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Supply Chain Matters

SEPTEMBER 10, 2022

Gretchen McCarthy, current Senior Vice President , global inventory management, will succeed Valdez and join Target ’s leadership team. She brings a deep understanding of business operations, with experience spanning supply chain transformation, merchandise planning and buying.

Supply Chain Strategy 59

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Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

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Turvo

SEPTEMBER 24, 2021

On the surface, the Amazon Effect is the new standard of excellence that all customers have come to expect following the break-neck speed and low-cost, if not free, shipping associated with Amazon purchases. And customer satisfaction drives profit growth.

Logistics Network Optimization Software 70

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