Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.”

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.

Tackling Item Complexity

Supply Chain Shaman

Stuck, the company struggled with customer service levels and high inventory write-offs. The process helped World Kitchen manage inventories through bankruptcy filing in 2002. In 2002, World Kitchen implemented a disciplined process for managing product complexity.

Delivering Shoes to Children in Need Using Enhanced Inventory Visibility

Logistics Viewpoints

The organization was founded in 2002 in response to the growing need for basic supplies in impoverished nations. Shortly before the holiday break, I had the privilege of speaking with Manny Ohonme, Founder and President of Samaritan’s Feet. Samaritan’s Feet is a non-profit organization that, in their words, “shares a message of hope and love through washing the feet of impoverished children around the world and adorning them with new shoes.”

Why Our Goal Should Not Be an Integrated Supply Chain

Supply Chain Shaman

In 2002 I worked for Gartner Group in the business applications practice. A focus on business process alignment across functions, through horizontal processes like Revenue Management, Sales and Operations Planning (S&OP), Inventory Management, New Product Launch, and Supplier Development.

What’s New with MMOG/LE Version 5?

QAD

The MMOG/LE assessment has been a go-to document for automotive supply chain best practices for thousands of global Tier 1 and Tier 2 suppliers since its first publication in 2002. What is MMOG/LE?

Five Things You Need to Know About Machine Learning for Supply Chain Planning

ToolsGroup

Pilots could be demand sensing for promotional events or product introductions , or identifying market drivers that impact forecasts and replenishment plans, reducing lost sales or minimizing inventory obsolescence.

Why the West Coast Ports Labor Dispute Matters to Retailers

The Network Effect

Shippers still bear the scars from the disastrous 2002 work stoppage and have countermeasures in-place to avoid major disruption. Even when factoring in an economy that is healthier than a year ago, these numbers suggest retailers are pre-loading Holiday inventory. By Chris Ferrell.

Retail 220

Throwback Thursday

Supply Chain Shaman

As hospitals adopted consignment planning programs, inventory progress slowed. The turns are the lowest of any industry, and despite investments in technologies and processes, inventory turns have only improved 3%, and Cash-T0-Cash (C2C) cycles have declined 4%.

Finally – A breakthrough alternative to spreadsheets for managing your Supply Chain

AIMMS

When SAP launched APO in 2002, the optimization technologies were inferior to most best-of-breed technologies in the market. It bundles Integrated Business Planning, a Supply Chain Control Tower, Inventory and Demand/Supply planning into a new cloud-based architecture based on HANA.

A Lockout Looms for the ILWU: Why it Might Happen, and What it Means for the Nation

CH Robinson Transportfolio

This is similar to what happened in 2002. At that time, the ILWU had been working without a contract since September 1, 2002. On September 29, 2002, the PMA accused the ILWU of engaging in a slowdown during contract negotiation and locked them out.

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

When SAP launched APO in 2002, the optimization technologies were inferior to most best-of-breed technologies in the market. It bundles Integrated Business Planning, a Supply Chain Control Tower, Inventory and Demand/Supply planning into a new cloud-based architecture based on HANA.

Supply Chain Redesign: A Conversation with Lennox International’s Keith Nash

Talking Logistics

Some of the key benefits we’ve realized are lower transportation costs, record service levels and shorter cycle times, and better inventory accuracy. Adam joined Manhattan in 2002 after the acquisition of Logistics.com where he supported their SaaS Transportation solution. Last month on Talking Logistics , Adrian Gonzalez, Keith Nash (VP Supply Chain Logistics at Lennox International ) and I discussed “Lennox International’s Complete Supply Chain Redesign.”

Nearshoring & Reshoring Will Continue to Increase Thanks to these Main Benefits

Cerasis

It was cheaper than producing products in the US, manufacturers could produce large inventories with little capital up front, and consumers did not really have a public voice. Take a moment to think about offshoring.

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

When SAP launched APO in 2002, the optimization technologies were inferior to most best-of-breed technologies in the market. It bundles Integrated Business Planning, a Supply Chain Control Tower, Inventory and Demand/Supply planning into a new cloud-based architecture based on HANA.

The ‘Why’ in S&OP: or How to Find More Meaning

Supply Chain Trend

Martin Seligman, pioneer of the positive psychology movement, writes in his 2002 book ‘Authentic happiness’, that there are three levels of happiness. There is a lot of evidence that S&OP is hard to implement and get right.

S&OP 95

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

Supply Chain Game Changer

The biggest career transformation for me was after leaving Dell when I joined Lucent in 2002 and entered supply chain in technology sourcing. The team reduced finished-goods inventory by 50% and reduced the assembly and test line production variances by 50% in 9 months. Subscribe Here!

Trending: Effects of West Coast Ports Labor Dispute

Creating Supply Chain Excellence

Shippers still bear the scars from the disastrous 2002 work stoppage and have countermeasures in-place to avoid major disruption. Even when factoring in an economy that is healthier than a year ago, these numbers suggest retailers are pre-loading Holiday inventory. By Chris Ferrell.

Insights from Kenco Customer Summit 2015

Talking Logistics

From 2002 through today, the Consumer Price Index has increased 35.5

What’s Your Plan if There’s a West Coast Port Strike?

CH Robinson Transportfolio

Or, will we see a repeat of 2002, when a 10-day lockout left dozens of ships lined up outside the West Coast docks, unable to unload? Communicate with the destination distribution centers and warehouses to ensure they have the ability to plan and receive the additional inventory.

Bio-based Products Future is Promising, but Hurdles Exist

Supply Chain View from the Field

The global apparel sector’s effort resulted in the development of the Higg Index, a universally accepted LCA tool and life cycle inventory database. The costs and time for individual firms to garner the life cycle inventory data from global suppliers can be cost prohibitive and time demanding. I had the opportunity to present at a hearing in Washington last week – this was a public meeting of the Biomass Research and Development Technical Sub-Committee.

How Supply Chain Strategy Misalignment is Killing Kmart USA

Logistics Bureau

The two companies switched positions in 1991, an event which heralded the start of a decade-long decline for Kmart, which ended in bankruptcy in 2002 and led to a subsequent merger with Sears in 2004. Vendor-managed inventory programs.

How to Improve Manufacturing Floor Data Collection

Cerasis

Although it was published in 2002, the case study highlighted the data collection struggles of a particular manufacturing company that probably rings true for many SMEs and large corporations alike. To log, track and trace everything’, your vision of a better manufacturing floor.

Data 248

Retail and Sales: Understanding Order Fulfilment

The Logistics of Logistics

With the e-commerce model, this is made easier if the company maintains their online inventories as well as offering active accounts to its customers. Although some firms have their own delivery system, many still use major carriers such as UPS and FedEx, simply because it seems to cost less, but it also means less control on your inventories and fewer guarantees on the handling of your delivery and ultimately the reputation of your company.

Retail 122

The Amazonification of Logistics

Techgistics

Amazon has had such a major impact on eCommerce, that I thought it would make sense to look back on some of their innovations that are directly or indirectly impacting logistics: Super Saver Shipping Super Saver Shipping was introduced in 2002 offering free shipping for orders over $25.

Lean Six Sigma

LeanCor

This can be done through reducing waste caused by transportation, inventory, motion, waiting, overproduction and over-processing, as well as minimizing defects in manufactured products. Data is also not as important with Lean, as it focuses on visible problems such as inventory or defects.

Striking a Balance

Supply Chain Nation

Today’s Wednesdays for Women blog is an insightful conversation with Kirsten Piacentini, Vice President of Inventory Management at L.L.Bean; who just so happens to be one of JDA’s transformative customers in retail!

This Week in Logistics News (February 27 – March 3, 2017)

Talking Logistics

Boston startup raises $10M for retail software that predicts inventory needs (Boston Business Journal). Celect uses comparisons between products derived from transactional, inventory, and online browse data to model choice.

Getting Ready for 2017: Reflections on Telling Lies

Supply Chain Shaman

In a nutshell, the research states there is a correlation between cost, inventory, and forecast performance. This was the lie spun by Gartner in 2002. Demand Global Supply Chains Inventory Management Supply Chain new years Supply chain planning truths and lies