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. The technology teams, focusing on implementation and go-live dates, believes that inventory technologies and processes are equal to the challenge. IT View of the Current State of Inventory.

Cisco’s Fall From Technology to Inventory Disaster

Clear Spider

In 2001, Cisco went from a leader in technology to inventory disaster. The post Cisco’s Fall From Technology to Inventory Disaster appeared first on [link]. Series: Inventory Disasters Improving Inventory Management Manufacturing Supply Chain Management DisasterCisco is a networking and IT company based in the center of California’s Silicon Valley.

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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. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory? Have the early adopters of inventory optimization seen a reduction in inventory on their balance sheets?” Ownership of Inventory as a Metric.

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.

Supply Chain KPIs You’ll Want Every Morning

Logility

in inventory write-down and 20% drop in stock value. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. COGS, Total Supply Chain Cost, Productivity, Returns Rates, Carry Cost of Inventory.

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. In the analysis of the performance factors, companies are divided into two classifications: Supply Chains to Admire Winners: In the analysis of the performance factors of growth, operating margin, inventory turns, and Return on Invested Capital, Supply Chain to Admire winners score at or above the industry peer group average for all four of the factors.

How to Find Business Opportunities Amid the Coronavirus Supply Chain Crisis

ToolsGroup

Apple launched the iPod in 2001 during the dot.com bubble. A system that optimizes inventory (especially in a time of turmoil) can remove excess capital and focus those resources on products in high demand. An inventory optimization project is one of few through which a company can see more money in their account at the end of the term; other projects often claim ROI but are very hard to measure true results.

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Accelerate Digitisation in the Supply Chain – Leveraging a Data-driven Approach to Optimisation – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Founded in 2001, Seamless Distribution Systems (SDS) listed on the NASDAQ First North Premier are renowned for enabling the digitization of sales and distribution processes across more than 50 markets.

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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. People Andreas Gärtner Demand Forecasting demand planning forecasting inventory Mad Bulls made to stock Nestlé Peter Brabeck sales SAP APO SAS SKUs

Household Products Industry Stuck in Neutral and Going Backwards

Supply Chain Shaman

During the conversation, he thanked me as an ex-Gartner analyst for putting Ariba on problem-watch in May 2001. Both Kimberly-Clark and P&G are going backwards on operating margin while making progress on inventory turns. For example, P&G kept pace with the industry average on operating margin and inventory turns, and posted some of the best results in Cash-t0-Cash (30 days below the peer group), but underperformed on growth and Return on Invested Capital.

:o9 Solutions announces a strategic partnership with vTradEx to enter the Chinese market

o9 Solutions

By amalgamating o9’s next-generation planning capabilities with our cloud transportation in-transit visibility and synchronizing our automated warehouse management with real-time inventory in the o9 platform, together we will solve several complex issues Chinese businesses are currently tackling.

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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 show aired with catchy music during the period of 1962 to 1987. While the Flintstones rolled around in crude vehicles with stone wheels, the Jetsons rode high over the city buildings in airborne space craft.

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. Two of my favorites are Kroeger (2014) and John Milne’s IBM application for central planning (2001). Kroeger used a combination of simulation and optimization to improve Pharmacy Inventory management.

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. It not only impacted key operational metrics (like reducing gross inventory levels, improving inventory turns and reducing cash-to-carry cycles) but also had a huge impact on corporate culture. by Meranda Powers Change, even under the most ideal circumstances, is difficult. Think about how hard it is (or was!)

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. At the top of my family tree, the one planted here after my parents arrived from Cuba, youll find a small bodega nestled in the branches.

An Empty Chair….

Supply Chain Shaman

When I was a Gartner analyst in 2001, there were over 120 B2b platforms. The greatest opportunity for companies to drive down costs and improve inventory lies outside the four walls of the organization. Across from me, sits an empty chair. In fact, sadly, there are many empty chairs in the room. Five people canceled at the last minute due to travel restrictions. Today, I am facilitating the Network of Networks share group in Antwerp. The reason the seats are empty?

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. We first started writing about and featuring reshoring content back in September of 2013, and have since added 10 more reshoring related posts in our reshoring blog category.

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. I have been an industry analyst covering the market– Gartner, AMR Research, Altimeter Group and my own company Supply Chain Insights– since 2001. Inventory strategies and processes to absorb the error.

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. Origin of Logistics & Supply Chain Revealed! What do we know about "Logistics" and "Supply Chain" to date?

How Your Business Can Survive (And Even Thrive) in a Recession

Unleashed

Review existing inventory management systems. Fewer than 30% of businesses that lost market share in the downturn of 2001 were able to regain their positions, according to the Bain study. For a more detailed guide on how to pick the best inventory management software for your business, check out our comprehensive guide. Review existing inventory management systems. Use the downtime to reflect on your inventory management systems and practices.

Dr. Muddassir Ahmed on Innovation in Supply Chain Education

Requis

If I want to know what are the top strategies to reduce my inventory, there should be a blog about that. Muddassir has been a supply chain professional since 2001. Muddassir Ahmed is a supply chain strategist, researcher, and educator. He is the founder of the SCMDOJO blog, podcast and educational platform , and is a widely celebrated thought leader with a large following. You can read more about Muddassir’s background below.

Crisis is an opportunity for speeding up Digital Transformation to enhance Agility, Resilience and Productivity – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Effective inventory management can help businesses save up to 30%. Inventory Management plays a vital role. Inventory visibility can be the difference between good or poor profitability. But how a company manage their inventory well? Does your company have pre-defined set of rules when it comes to inventory management? Does incoming inventory have a pre-designated place within the warehouse or is it placed randomly?

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.

The worst Supply Chain practices must be confessed and not only by constraint

KEPLER Consulting

The inability to provide daily updated data on inventories of raw materials, semi-finished products, and finished products presents two major concerns: The decrease of the WCR for companies, the deployment of a dashboard tailored and user-friendly is essential in order to take charge of the management of a share of its WCR. Supply chain inventory management and the value of shared information”, Management science, vol.

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. Same-day delivery (or is it shipping?) and global trade dominated the news this week, so let’s take a look. Home Depot To Offer Same Day Delivery ( Wall Street Journal ).

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50 warehouse automation stats you should know

6 River Systems

This marked the 34th consecutive quarter of positive net absorption, the longest streak since 2001. According to Logistics Management’s 2018 Warehouse / Distribution Center Survey , “Respondents took a range of actions to lower operating costs, including improving processes, improving warehouse information technology (IT), improving inventory control, and leveraging a 3PL. Human error is the most frequent cause of inventory and fulfillment issues.

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. In reality, a few abrupt moves and getting laid off in 2001 by Dell drove a sharp left-hand turn in my career in 2002 that evolved to where I am today. Subscribe Here! Email Address.

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. Gulf Coast, surplus fuel inventories may help the industry withstand the worst storm to hit the country in more than a decade. As a center of petro-chemical industry and a conduit of trucking and rail out of Mexico, the key supply chain hub is currently devastated by Hurricane Harvey.

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.’

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.

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. I still can’t see which location has inventory with a single click.”. IT supports quest for differentiation and innovation. Four years have elapsed since the introduction of the iPad.

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.

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.

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. Many just get into a routine of constantly increasing precision of what they can control and understand ( IFRS / GAAP accounting and ERP systems that enforce these rules) but in miss accurate measurement of flow of production / inventories. Introduction.

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The Ultimate Guide to Beer Profit Margins & More

Unleashed

There are three methods: spreadsheets, online calculators, or inventory management software. grew their brewery using inventory management software. Missing inventory can see your production suffer and you’ll have to write it off. Her inventory usage for June is $150.