Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession.

Why Have We Not Reduced Inventory?

Supply Chain Shaman

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. Have the early adopters of inventory optimization seen a reduction in inventory on their balance sheets?”

Vendor Managed Inventory? Think twice and consider the risks!

Supply Chain View from the Field

Historically, businesses have used one of two extremes for inventory management: push-based or pull-based. Push-based inventory management uses demand forecast to manage inventory and replenish from the supply base. Pull-based inventory management, on the other hand, uses consumption to replenish from the supply base and manage inventory. Inventory levels actually increased at downstream (buyer) facilities.

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Inventory Turns. Better performance in inventory turns than the peer group average for the period studied. Orbit Chart of VTech for the Period of 2006-2015 at the Intersection of Operating Margin and Inventory Turns . Our phrase, at the time, was “inventory kills.”

How 3PLs help make multichannel and global expansion easy

TradeGecko

In fact, as of 2017, 90% of Fortune 500 companies in the US used one or more 3PL, an increase from 46% in 2001. multichannel Inventory Management eCommerce LogisticsThe use of 3PLs, also known as third-party logistics providers, is on the rise.

Andreas Gärtner of Nestlé on Forecasting: “Track the Mad Bulls!”

Supply Chain Movement

In 2001 Peter Brabeck, then CEO of Nestlé, recognised that as the company was getting bigger and bigger its size may become a liability. Forecasts are often on the high side leaving warehouses with unnecessary inventory and sales and planners in debate about how to close the gap.

Not the Jetsons: 10 Use Cases for Cognitive Learning in Supply Chain

Supply Chain Shaman

When I was an analyst in 2001, I loved speaking to him. The dynamic nature of inventory to order matching is difficult. Remember the Jetsons? While the Flintstones chronicled a stone age family with work powered by birds and dinosaurs, the Jetsons symbolized the future.

The ROI Challenge for Supply Chain Projects: Lessons from The Trenches by an Aging Jedi Knight

Arkieva

The director of Supply Chain (or inventory, manufacturing, analytics, customer order fulfillment, etc.) Typical suspects are reduced inventory, increased output, lower cycle time, better on-time delivery, among others.

What About Them Apples?

Supply Chain Shaman

If we look back at history, 70% of companies implemented Vendor Managed Inventory (VMI), however two-decades later only 1% of companies use VMI processes to drive a better demand signal. Inventory strategies and processes to absorb the error.

31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

Cerasis

Overall, from 2001 to 2008 average Asian wages increased 7.1-7.8%, and currently meet or exceed U.S. Obsolete and excess inventory carriage are more preventable. This is the first post in a two part series on our update on Reshoring.

The Rewards of Supply Chain Transformation: Avaya’s Journey

Kinaxis

Now imagine you’re a $4B a year revenue company with 13,000 employees and over 15 corporate acquisitions since 2001. by Meranda Powers Change, even under the most ideal circumstances, is difficult. Think about how hard it is (or was!)

Origin of Logistics & Supply Chain Revealed! - SupplyChainOpz

Supply Chain Opz

According to Lummas et al 2001 , the word "Logistics" in English appeared in the article as early as in 1898. Here at resupply points, inventory was stored for up to 8 days. NAVIGATE. Basics. Case Studies. Graphics. All Posts. About. Copyright. Privacy. Blogroll.

This Week in Logistics News (August 4-8, 2014)

Talking Logistics

HighJump Software announced enhancements to its Retail Inventory and Point of Sale Management software, RETAIL vantage. Yes, many stores are still stuck in 2001 when it comes to their IT capabilities, and theyll need more than a flux capacitor to get back to the future.

E2open to Acquire INTTRA, Adding the World’s Leading Ocean Shipping Network and Software Provider, Creating an Integrated Global Supply Chain and Logistics Operating Network

E2open

Founded in 2001 by the leading ocean carriers, INTTRA has created the world’s foremost and largest neutral multi-carrier network across 177 countries with more than 35,000 active shippers, 60 carriers and 150 integrations with transportation management and port system software partners. MONDAY 22 OCTOBER 2018. E2open to Acquire INTTRA, Adding the World’s Leading Ocean Shipping Network and Software Provider, Creating an Integrated Global Supply Chain and Logistics Operating Network.

Seasoned Leadership in Action™! An Interview with Michael Massetti, VP at Gartner!

Supply Chain Game Changer

We dug that company out of terrible financial difficulty after the “internet bubble” burst in 2001. The team reduced finished-goods inventory by 50% and reduced the assembly and test line production variances by 50% in 9 months. Subscribe Here! Email Address.

E-commerce and the Digital Path to Purchase

Enterra Insights

Wikipedia puts it well: ‘The dot-com bubble (also known as the dot-com boom, the dot-com crash, the Y2K crash, the Y2K bubble, the tech bubble, the Internet bubble, the dot-com collapse, and the information technology bubble) was a historic economic bubble and period of excessive speculation that occurred roughly from 1997 to 2001, a period of extreme growth in the usage and adaptation of the Internet by businesses and consumers.’

Hurricane Harvey - Effects, Forecasts, and Operational Best Practices

Elementum

Harvey is not the first lethal and damaging flood to hit Houston: Tropical Storm Allison in 2001 killed 41 and caused $9 billion in damage, as well as flooding in 2016 that shut down the city for days.

This Week in Logistics News (December 9-13, 2013)

Talking Logistics

They have engineered new strategies for jockeying inventory across the country to avoid overstocks and markdowns and to keep customers from defecting to Amazon, a big problem last year. . on the Automated Commercial Environment (ACE), which began in 2001, and it’s still not completed.

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7 Traditional Retailers Cashing in on the Subscription Box Craze

Supply Chain Nation

If nothing else, subscription boxes offer companies a treasure trove of data — retailers learn what items customers are responding well to, or what inventory should be phased out. They feel better about today’s economy than they have since March 2001. Friday in 5 – interesting news bits from around the supply chain horn, served up in one spot to keep you up to date.

Supply chain software demands continual attention

Supply Chain Movement

Quaker Oats has only been part of PepsiCo since 2001 and Duyvis since 2006. She adds that SAP is also important for the supply chain because it means that information about inventory and sales now comes from a single source. IT supports quest for differentiation and innovation.

S&OP, a vision for the future. The expert interview series #5

Supply Chain Trend

In 2001 Mr. Kirkegaard founded DCRA Inc a supply chain solutions firm leveraging best of targeted management consulting and supply chain technology solutions with an emphasis on S&OP. Disjoint plans and plans built on non synchronized data leads to more inventory and unhappy customers.

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Warehousing, the Rise of IT, Automation, and Now… Robotics

Logistics Bureau

The benefits of these tools are principally in the acceleration and increased efficiency of operations, plus improved tracking and inventory optimisation. Warehouse inventory levels can be automatically taken into account by ERP and procurement systems, while sales and CRM systems can query the WMS in order to confirm orders placed by customers and run sales promotions. From a simple place to stock goods, warehouses have developed in many ways—function and form included.

Business Continuity Affects All Your Supply Chain

Logistics Bureau

The UK water industry found this out in 2001. The price to pay is the excessive costs of holding all the inventory. Better visibility lets you adjust inventory and trim costs, yet avoid stock-outs.

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Why Is It So Hard to Find Good Help These Days?

Material Handling & Logistics

TOMPKINS: Sellers today find e-commerce inventory allocation and replenishment to be challenging. WILL: Drone development over the past several years has resulted in a variety of applications and more recently use in the inventory and tracking of items in warehouses.

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Takeaways from Manhattan Associates’ Momentum 2017 Conference

Talking Logistics

In WannaCry’s case, hackers exploited vulnerabilities in Windows XP — an operating system still in wide use today, even though it was originally released in 2001 and Microsoft stopped supporting it in 2014.

A Quick Glance Into The Logistics Market - March 2016

EFT

Manufacturing & Trade Inventory: Total value of inventory on hand is estimated at $1.812 trillion in January, up 0.1% from the previous month , to 156,602 employees total, the ninth straight month-to-month decline, and the biggest month-to-month decline since January 2001. Source: Institute for Supply Management) (The PMI combines data on new orders, inventory, production, supplier deliveries, and employment. MARKET: Gross Domestic Product: The U.S.

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A New Year, a New Administration Begins

EFT

Category winners were autos as dealers discounted heavily to clear their inventories. The only time this rule was successfully used was in March 2001 to roll back the hotly contested ergonomic regulations under the Clinton administration. . The rising Consumer Price Index ( CPI ), up 2.1 percent year over year in December, companies gain the ability to raise wages, boosting the consumer economy.

Why You Should be Preparing for Artificial Intelligence

DSI

It’s easy to imagine a terrifying landscape where an army of robots, a la 2001: A Space Odysse y’s HAL or Westworld, begin to think for themselves and take over the planet. What does this mean specifically for inventory management? A Google search of “artificial intelligence” can quickly lead you down a rabbit hole of wild sci-fi-esque developments making their way into our world.