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.”

How to Improve Manufacturing Floor Data Collection

Cerasis

To log, track and trace everything’, your vision of a better manufacturing floor. Here’s how you can improve manufacturing floor data collection, long-term. A key component of any manufacturing process is data collection. Improving Manufacturing Floor Data Collection.

Data 249

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.

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

Cerasis

Offshoring is basically when a company moves manufacturing to a foreign country in an attempt to save money. For a time, this model of manufacturing seemed to be the paragon of effective business. Why Are Manufacturers Focusing on Reshoring and Nearshoring?

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?

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%.

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

Supply Chain Shaman

High-tech manufacturers in the Silicon Valley of the United States are some of the best at supply chain planning. I also believe that SAP is one of the best, if not the best, ERP system for most process manufacturers.

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

Supply Chain Shaman

High-tech manufacturers in the Silicon Valley of the United States are some of the best at supply chain planning. I also believe that SAP is one of the best, if not the best, ERP system for most process manufacturers.

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. He is primarily responsible for complex supply chain implementations across Retail, Pharmaceutical and Manufacturing verticals. Adam joined Manhattan in 2002 after the acquisition of Logistics.com where he supported their SaaS Transportation solution.

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!

Bio-based Products Future is Promising, but Hurdles Exist

Supply Chain View from the Field

As an example, Chemical Manufacturing (NAICS 325) encompasses a variety of chemical manufacturing codes including petrochemicals (3251), but none for biobased chemicals. Manufacturers go through a certification process that has been developed in a partnership with ASTM International to ensure quality control and consistent results. The costs and time for individual firms to garner the life cycle inventory data from global suppliers can be cost prohibitive and time demanding.

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. This is key to reducing costs involved in the manufacturing process.

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.

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