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RFID in the Supply Chain: Fizzling Technology or the Future of Effective SCM?

GlobalTranz

In 2003, Walmart announced that all of its suppliers would need to have Radio frequency identification (RFID) tags on all pallets and cases by 2006. Instantaneous inventory cycling reduces delays and speeds SCM. For many reasons, that transformation did not happen and RFID was put on the industry’s back-burner.

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Inflation is Back Up – Are you Ready?

Herlitz Inventory Management

Growing up with a father who developed inventory management software for a living spawned some interesting conversations around the dinner table. It hasn’t been lost here at Herlitz Inventory Management! Since 2009, when Herlitz Inventory Management was founded, annual inflation has been below 3 percent in the US. LTCM crisis.

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Multi Currency ERP for Small Businesses – EMERGE App

EMERGE App

World exports of manufactured goods increased from US$ 8 trillion in 2006 to US$ 11 trillion in 2016. In 2003 two of the top 10 trading nations were from Asia. We’ve got you covered if you’re using an inventory management system like EMERGE App. And you sell things in your local currency. In 2013 the number was four.

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Lean Six Sigma for SMEs: A Path to Continuous Improvement

SCMDOJO

– Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.). While Lean focuses on eliminating waste and optimizing processes to achieve seamless workflow, Six Sigma targets reducing variation and improving quality through data-driven analysis and statistical tools.

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Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. When we compare the results of P&G to its peer group for 2012-2021, P&G outperforms in inventory turns and margin but underperforms in growth and asset utilization. Was this by design? My reasoning?

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How do we Drive Invention to Innovation in Planning?

Supply Chain Shaman

One of my favorite speeches, over this fifteen year tenure, was listening to Alan Greenspan at the AMR Research IT conference in November 2006. In 2003, short-term forecasting approach using pattern recognition was invented by Terra Technology to replace rules-based consumption. At the time, Alan was frail. They remain with me.