Synovos

JANUARY 24, 2024

Founded in 2006, MSDUK is the UK’s leading supplier diversity advocacy organization working for inclusion of non-white ethnic minorities in corporate supply chains. We stock more than 700,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provide a wide range of product and service solutions to over 1.2

Manufacturing Procurement 105

Manufacturing Procurement Procurement Solutions Purchasing Skills Optimal Sourcing 105

Supply Chain Shaman

OCTOBER 22, 2015

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. What Drives Inventory Effectiveness?

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Inventory Supply Chain Planning Software 150

SCMDOJO

FEBRUARY 19, 2024

– Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.). – Lastly, Not applicable to all industries. – Six Sigma creates a link between tactical actions and strategic focus. – Comparatively simple deployment tools.

Six Sigma 75

Six Sigma Optimal Sourcing Continuous Improvement Agile and Lean Supply Chain 75

Supply Chain Shaman

JULY 5, 2016

However, in the writing of the recent report on the Household Products and Beauty industries, my observation is that companies are stuck in neutral and going backwards. Both Kimberly-Clark and P&G are going backwards on operating margin while making progress on inventory turns. Orbit Chart of Colgate for the Period of 2006-2015.

Supply Chain Planning Software 150

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Industrial 150

Supply Chain Shaman

JUNE 26, 2016

For many that I meet in my global travels, the industry analyst role is a new concept. In my work tonight, I carefully studied 2006-2015 financial results to select the Supply Chains to Admire winners. In the analysis, we study 33 industry peer groups across more than three hundred public companies. Inventory Turns.

Supply Chain Design Software 191

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 191

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. It is worse in some industries.

Optimal Sourcing 229

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 229

Supply Chain Shaman

SEPTEMBER 9, 2014

We built peer groups based on like industries. The NAICS designation was developed by the US Federal Government to characterize groups of companies within an industry. If the company had multiple divisions crossing over many industries, where did you place them? There are a lot of misconceptions about inventory.

Pharmaceutical 274

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 274

GlobalTranz

NOVEMBER 22, 2017

As the world moved forward, the basic concept of managing warehouse inventory did not change much. The 1900s to Late 1930s: World War I Witnesses the Introduction of Hand Trucks for Moving Materials and Managing Inventory. The 1980s to 1990s: AS/RS Becomes Obsolete, Replaced by a Shift to Managing Inventory in Smaller Batches.

Supply Chain Design Software 163

Supply Chain Design Software Inventory Management Software Demand Planning Software Supply Chain Software 163

Supply Chain Shaman

SEPTEMBER 20, 2015

Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. Orbit Chart for SanDisk for 2006-2014. This included monthly reviews between business units and central operations teams and adaptive inventory segmentation policies.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain View from the Field

AUGUST 28, 2013

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. The pull-based method relies on the ability to replenish the “pulled” demand.

Vendor Strategies 76

Vendor Strategies Inventory Reduction Inventory Supply Chain Planning Software 76

Supply Chain Shaman

JUNE 15, 2018

My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies. Here I show orbit chart comparisons at the intersection of operating margin and inventory turns for the period of 2006-2017. This is especially true for the Titans.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

Supply Chain Shaman

JUNE 7, 2021

AMR Research was an industry analyst firm in Boston. I argued for industry collaboration to define and drive process innovation. Companies entered the pandemic with twenty more days of inventory than at the beginning of the great recession. We don’t have a clear industry definition of supply chain excellence.

Gartner 197

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 197

Supply Chain Shaman

DECEMBER 10, 2018

It was a strategy day in 2006. In 2006, Clorox was adding businesses through acquisition, expanding globally in both existing and new markets, moving into new distribution channels, and adding customers who required different route-to-market models. Instead, each industry operated within its own effective frontier.

Inventory Reduction 167

Inventory Reduction Cost Reduction Strategies Waste Reduction Material Savings 167

Supply Chain Shaman

JULY 18, 2017

There are seismic shifts occurring between industries in value chains. In Figure 1, we share the profiles of the companies in the industry. As shown in Figure 1, the company has been unable to maintain balance on the portfolio of cost and inventory. Performance Data for the Chemical Industry for 2006-2016.

Supply Chain Planning Software 197

Supply Chain Planning Software Chemicals Supply Chain Design Software Sourcing Strategies 197

Resilinc

OCTOBER 2, 2023

Opened in 2006, this plant is responsible for building the Buick Enclave and the Chevrolet Traverse. While companies do have some excess inventory available, the automotive supply chain is experiencing layoffs, furloughs, auto parts shortages, and idling operations. GM’s Lancing Delta Township, conversely, is GM’s newest US plant.

Automotive 75

Automotive Negotiate Pricing Negotiating Skills Supply Chain Planning 75

Supply Chain Shaman

SEPTEMBER 9, 2015

It is for this reason, that we analyze the patterns of the Metrics That Matter using orbit charts over the period of 2006-2014. In this analysis, we evaluate relative performance and improvement of a company on the supply chain metrics of growth, operating margin, inventory turns and ROIC within its peer group.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain 150

Supply Chain Shaman

OCTOBER 5, 2018

At the Supply Chain Global Summit 2018 , Francois discussed the impact of digitalization, Industry 4.0, The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

Supply Chain Shaman

JANUARY 28, 2015

In our work on the Supply Chains to Admire report , we tracked the progress of manufacturing, retailing and distribution companies for the period of 2006 to 2013 and 2009-2013. We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC).

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

GlobalTranz

MARCH 1, 2018

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. For many reasons, that transformation did not happen and RFID was put on the industry’s back-burner. Instantaneous inventory cycling reduces delays and speeds SCM.

Supply Chain Design Software 165

Supply Chain Design Software Supply Chain Software SCM Analytics Software 165

Supply Chain Shaman

MARCH 18, 2018

This is number 15 in a series that looks critically, industry by industry, to understand relative improvement of peer groups on the Effective Frontier. The cash-to-cash definition is: Cash-to-cash= Days of Receivables+ Days of Inventory-Days of Payables. We see this in industry after industry. I expected humility.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

Supply Chain Shaman

SEPTEMBER 4, 2017

The analysis was industry-specific. In the case of a company spanning multiple industries, we used our judgment to drive the assignment. In the case of a company spanning multiple industries, we used our judgment to drive the assignment. For this analysis, J&J was assigned to the pharmaceutical industry.

Supply Chain Planning Software 169

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Supply Chain Software 169

Supply Chain Shaman

AUGUST 11, 2014

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. During the period of 2006-2012, Campbell Soup Company outperformed its peer group on the Supply Chain Index.

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

Supply Chain Insights

SEPTEMBER 9, 2014

We built peer groups based on like industries. If the company had multiple divisions crossing over many industries, where did you place them? We placed them in the industry that they were the most like, e.g., the primary source of revenue. Which companies were considered in the study? We tried to use NAICS code designations.

Pharmaceutical 179

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 179

SCMDOJO

JANUARY 23, 2023

List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013. 8) Supply Chain 4.0:

Prescriptive Analytics Software 119

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 119

Supply Chain Shaman

AUGUST 5, 2015

The report analyzes supply chain performance and improvement by the Consumer Products Leaders in the period of 2006-2014. In the selection of time frames to analyze, we look at the long-term view including the recessionary period of 2006-2009, the post recessionary period of 2009-2014 and the more recent time period of 2011-2014.

Agile and Lean Supply Chain 150

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain 150

Supply Chain Shaman

FEBRUARY 12, 2017

Each year at Supply Chain Insights we study performance and improvement of companies in each industry. The patterns of BMS and Merck are typical in the pharmaceutical industry. Note that neither company is making progress at the intersection of operating margin and inventory turns. The patterns are circular.

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150

Supply Chain Insights

SEPTEMBER 2, 2014

Today, 90% of publicly-traded companies are stuck at the intersection of operating margin and inventory turns. While most companies have been able to make progress in one of these two critical metrics in the period of 2006-2013, they have not been able to make progress on both together. It is needed.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Design 253

Supply Chain Shaman

MAY 29, 2014

I just don’t think the comparison of very different industries in a spreadsheet based on growth, inventory values, and Return on Assets (ROA) is meaningful. Take the chemical industry. Over the course of the summer, we will be taking a closer look at industries within each value chain. The reason why?

Gartner 301

Gartner Inventory Reduction Supply Chain Planning Software Pharmaceutical 301

Operations and Supply Chain Management

AUGUST 24, 2020

The sputtering supply chains are putting a new spotlight on the just-in-time strategy born in the hyperefficient Japanese automotive industry that became a religion for many American executives. One landmark in the lean revolution for retailers was Walmart ’s decision in 2006 to thin out inventory by $6.5

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Lean Inventory Reduction Supply Chain Planning Software 52

GlobalTranz

JUNE 30, 2016

2015 was a different year for the logistics industry. The prices of fuel continued to drop, and growth in the logistics industry slowed to a painstaking crawl of less than So, let’s take a closer look at what findings were released within the 2016 State of Logistics (SOL) report and how they impact current and future logistics processes.

Logistics Network Optimization Software 126

Logistics Network Optimization Software Report Logistics Inventory Reduction 126

Supply Chain Shaman

NOVEMBER 14, 2016

I followed his journey during the period of 2006-2011, and wanted to check in with him to gain his insights on the selection of VTech as a finalist in the Supply Chains to Admire research. We first calculate The Supply Chain Index to measure supply chain improvement for an industry peer group. Inventory Turns. Operating Margin.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 150

Supply Chain Shaman

OCTOBER 25, 2013

I am searching for something that can be meaningful across industries and across company sizes. We used the period of 2006 to 2012 to build the model and we used the formula to attempt to predict 2013. But, we have failed to build a predictive model for the rest of the industries. The result is outlined in figure 1.

Gartner 257

Gartner Supply Chain Strategy Supply Chain Software Supply Chain 257

Supply Chain Shaman

NOVEMBER 28, 2016

They include growth, inventory turns, operating margin and Return on Invested Capital (ROIC)). To meet the criteria for the 2016 Supply Chains to Admire list, companies needed to score better than their peer group average for all of the performance metrics, while driving a higher level of improvement than 2/3 of their industry peer group.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 195

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. We find that this is true of too few companies. Supply Chain Design.

Optimal Sourcing 301

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 301

Supply Chain Shaman

JANUARY 19, 2014

In short, they have been able to drive improvements in one or two metrics; but, they are struggling to improve a portfolio of metrics that includes customer service, cost, inventory turns, and growth. This chart is from a study of 46 leaders in the food industry. Without clarity of definition, the teams have difficulty aligning.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278

Supply Chain Shaman

FEBRUARY 23, 2017

He is an industrial engineer with a diploma in transportation and logistics from the University of Applied Sciences in Bremerhaven. The composite of metrics includes growth, operating margin, inventory turns and Return on Invested Capital.) This trend was characteristic of the chemical industry. Inventory Turns.

Agile and Lean Supply Chain 154

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design Supply Chain Planning Software 154

Supply Chain Shaman

JANUARY 18, 2016

As shown in Table 1, the growth of traditional retail industries is declining. When we do these types of analysis, we look back at the data as far as we can reach (Y chart data is available only back to 2006 in a reliable form) and then we look at the period of 2006-2014 and the more recent period of 2011-2014.

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Supply Chain Software Manufacturing Procurement 150