Six Sigma Tools and Inventory Management

EMERGE App

At first glance, there may not be much synergy between Six Sigma and inventory management. Next, we’ll explore whether it is still relevant today and what it means for inventory management. In 2005 Motorola credited over US$17 billion in savings to Six Sigma alone.

Who said supply chains are boring?: Reader Email

Supply Chains Rock

For the first time since I started this blog in 2005 I will be posting an email from one of my fantastic readers. But plastic can also be recycled, and it doesn’t break (loss of inventory). Who said supply chains are boring? Whenever I tell a friend, colleague or family member about my job as soon as the words "supply chain" are muttered I immediately see glassy eyes followed by a yawn or two.

Probabilistic Forecasting: Right Fit for Your Business?

Supply Chain Shaman

Spairliners, founded in 2005, to provide spare parts for Airbus A380 planes (the largest passenger airliner in the world). To meet the need, the Spairliners planning team knew they needed help in inventory planning.

Strategic Benchmarking in the Supply Chain Triangle (Part 1)

Arkieva

Inventory turns are available. The Cost of Goods, also called the Cost of Sales, include all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.

Where Do We Go From Here? Taking a Look at the 2016 State of Logistics Report

Cerasis

Changes in transportation and storage of inventory costs made up significant portion of the 2016 SOL. Inventories are a major issue analyzed by the 2016 SOL as well. While inventories had steadily grown since 2005 at 5-percent annually, growth of inventories in 2015 flattened out.

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[INFOGRAPHIC] Supply Chain Planning: 4 Essential Year End Questions to Ask Yourself

Cerasis

Rather concerns over truck capacity constraints earlier this year pushed manufacturers and retailers to build up higher than normal inventories. As they work through that inventory, there will be “a healthy rebound” in freight volumes.

This Week in Logistics News (September 3-7, 2018)

Talking Logistics

The first moment of truth in retail, as coined in 2005 by former P&G President and CEO A.G. Walmart’s aim to reduce shipping costs means suppliers have to ship inventory to more locations, which adds cost and complexity to their operations. I joined Snapchat this week.

Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

This involved in some cases, diverting some inventory bound for other regions. The fuel supply chain could be one of many chains affected by a hurricane, especially if the hurricane threatens the Gulf of Mexico hampering the oil fields like Katrina did in 2005.

Delivery: A New Moment of Truth

Talking Logistics

Lafley defined back in 2005. Simply put, supply chain and distribution networks, which were originally designed to flow truckloads of products from large distribution centers to stores, are becoming outdated in this new market where speed of delivery and inventory reduction are paramount.

Logistics Industry’s Slow Economic Comeback Continues in Spite of Challenges

Supply Chain Network

Further analysis shows that 2010 was about on par with 2005, and still well below the pre-recession years. Inventory carrying costs increased 10.3 percent last year due to higher costs for taxes, obsolescence, depreciation, and insurance, which were offset by a further drop in the inventory carrying rate and warehousing costs.

[INFOGRAPHIC] The Evolution and History of Supply Chain Management

Cerasis

The computerization of this data opened the door to a huge opportunity for innovations in logistics planning, from randomized storage in warehouses to optimization of inventory and truck routing. History of Supply Chain Management.

31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

Cerasis

Since 2005, 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.

Navigating the Unknowns of E-Commerce: Why Reinvent the Wheel?

Talking Logistics

Originally proposed in 2005, the planned facility no longer makes sense because “the nature of retail has changed since the project was announced 12 years ago,” said Delia Garcia, Walmart’s senior director of communications, as reported in the Merced Sun-Star. The nature of retail has indeed changed since 2005. Simply put, as customers expect faster, cheaper, and better service, finding the right balance between inventory, transportation, and labor costs is more complex than ever.

This Week in Logistics News (April 2-6, 2018)

Talking Logistics

This program ensures the lowest cost of freight for all parties and can be easily executed and maintained, resulting in far better visibility to a dynamic environment, the ability to increase inventory turns and an overall reduction to cost of goods. It’s 32 degrees this morning.

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Global Trade Networks Create a Single Version of the Truth for Retailers

Talking Logistics

Retailers are willing to take the risk associated with releasing the inventory management and fulfilment process so product moves faster. Before joining Kewill in 2005, she worked at Jontek and Unisys. Drop shipping is becoming more and more popular among retailers as the “Amazon effect” creates intense pressure from customers for quick delivery. However, the process involves a lot of moving pieces within the supply chain making visibility and collaboration more important than ever.

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Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement.

What Should Be the Role of the Store?

Supply Chain Shaman

More and more companies are struggling to make progress in operating margin and inventory cycles. To understand the pervasive nature of this change, consider Amazon’s 2012 announcement: “We now have more than 15 million items in Amazon Prime, this is up 15x since we launched in 2005.

The DNA of a Digital Supply Chain

Aera Technology

We often lack the basic cross-business visibility we need to address the core challenges of reducing inventory, trimming costs and improving service level. Aera Technology announces the launch of its Cognitive Skills.

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Lora Cecere Asks: Why Do People Question the Value of S&OP?

Logility

In 2005, I engaged with Sonoco Products, a packaging products and services company, to initiate some work on Sales and Operations Planning (S&OP). The two companies’ results on operating margin and inventory turns are shown in figure 1.

Justifying Investments in Risk Avoidance

Supply Chain @ MIT

In my 2005 book The Resilient Enterprise: Overcoming Vulnerability for Competitive Advantage (MIT Press, 2005) I wrote that continuous security, resilience and risk mitigation efforts can be hampered by their own success. Relief and resilience.

Lora Cecere Asks: Why Do People Question the Value of S&OP?

Logility

In 2005, I engaged with Sonoco Products, a packaging products and services company, to initiate some work on Sales and Operations Planning (S&OP). The two companies’ results on operating margin and inventory turns are shown in figure 1.

This Week in Logistics News (July 20-24, 2015)

Talking Logistics

In my post last week about Descartes’ user conference , I commented on how the company had made 28 acquisitions since 2005, including 7 acquisitions since 2013, and how global trade content was a growing focus for the company (evidenced by its acquisition of Customs Info).

My Take: E2open Buys Terra Technology

Supply Chain Shaman

The product naming convention changed to Demand Sensing (DS) in 2005. In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting.

Supply Chain Best Practices: The Customer-Obsessed Supply Chain

Elementum

Amazon Prime exploded on the scene in 2005. Think of better product availability as a way to drive product innovation and inventory planning — not another burdensome requirement.

Supply Chain Best Practices: The Customer-Obsessed Supply Chain

Elementum

Amazon Prime exploded on the scene in 2005. Think of better product availability as a way to drive product innovation and inventory planning — not another burdensome requirement. Now re-envision the scenario — but instead of an e-shopper you’re a product lead reading reviews of your team’s latest offering, or an inventory manager planning orders for the year based on customer feedback.

This Week in Logistics News (September 29 – October 3, 2014)

Talking Logistics

One of the early pioneers of software-as-a-service (SaaS) transportation management systems (TMS) was Nistevo, which was acquired by Sterling Commerce in May 2006 (Sterling Commerce had become an AT&T company in late 2005).

6 Manufacturing Trends to Watch Out for in 2016

Cerasis

Instead of setting up brick-and-mortar stores, or keeping inventory on hand, you can start offering this new product on your new store. Manufacturers will be able to improve their inventory due to the information presented by both supply chain and operations data.

Factors Influencing Delivery Address Amendment - Infosys Blogs

Infosys Supply Chain Management

Sometime in 2005, I had ordered a birthday gift hamper for my friend from one of the web based retailer in US, to be delivered on her birthday, which happened to be a couple of week later. Inventory and Capacity Visibility to Order Management System. As, there is no postcode change in this case, there is no change in inventory sourcing warehouse and delivery van route. Hence, address can be amended without re-checking inventory and capacity. About Us. Contact Us.

Missing: C-level Engagement to Address Supply Chain Disruption Risk

Talking Logistics

A 2005 study on the impact of supply chain disruptions revealed there is significant damage to a company’s financials and brand when a crisis or stoppage occurs.

Toys R Bust: The Downfall of America's Favorite Toy Store

Elementum

In mid-March, Toys "R" Us announced plans to close down and liquidate the inventory for all 735 of its stores in the United States. Did supply chain problems have anything to do with Toys "R" Us going out of business?

This Week in Logistics News (June 24-28, 2013)

Talking Logistics

It provides the key warehouse management features needed to quickly deliver ROI, including the tracking and visibility of inbound orders, directed put-away, variety of picking methods, shipping, directed replenishment and inventory control. .

Cognitive Machines and the Future of Work

Aera Technology

Inventory are depleting below planned levels due to production disruptions?—?much Shariq Mansoor is the CTO and Founder of Aera Technology A visionary technologist, Shariq founded FusionOps in 2005, building the core data technology that powers Aera today.

Central Planning Engines: Lessons from Leibniz

Arkieva

The Central Planning Engine is the control point for the flow of material within an organization, and focuses on how to best meet prioritized demand and business policy without violating temporal, asset (WIP and inventory), or capacity constraints.

Toys R Bust: The Downfall of America's Favorite Toy Store

Elementum

In mid-March, Toys "R" Us announced plans to close down and liquidate the inventory for all 735 of its stores in the United States. billion leveraged buyout by Bain Capital, KKR & Co, and Vornado Realty back in 2005, Toys "R" Us was already standing on shaky ground by the time online commerce began to take off in a new era dominated by Amazon. Did supply chain problems have anything to do with Toys "R" Us going out of business?

The History of Supply Chain Management! (Infographic)

Supply Chain Game Changer

The computerization of this data opened the door to a huge opportunity for innovations in logistics planning, from randomized storage in warehouses to optimization of inventory and truck routing. Subscribe Here! Email Address.