Supply Chain Shaman

SEPTEMBER 22, 2021

This is despite the purchase of Terra Technology Demand Sensing and Multi-tier Inventory Management (MEIO) in 2014 for 12-14M$ (including implementation). We started the pandemic with twenty-one more days of inventory than we had in 2007. When I asked about the use, the response was: “ We don’t use it.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Supply Chain Shaman

MAY 3, 2015

The Inventory Management Journey. The increase in the item complexity, the lengthening of demand latency and the building of global supply chains with greater in-transit inventories top the list. I find that when it comes to the management of inventory, misconceptions abound. Inventory Is a Cost to Be Managed.

Inventory Reduction 150

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

EazyStock

MARCH 14, 2023

Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention. What the last recession taught us An article from McKinsey & Company (2022) analyzed the performance of about 40 publicly traded distribution companies during the 2007-2009 recession.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Supply Chain Shaman

OCTOBER 29, 2020

I write so much about inventory that the frequent reader may feel like I am preaching, but please bear with me. All industries operate today with more inventory than in the pre-recessionary period of 2004-2007. The average company operates with almost a month more inventory than fifteen years ago.) My takeaway?

Optimal Sourcing 229

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 229

Taulia

JUNE 12, 2023

Inventory carrying cost can be expressed either as a monetary figure or as a percentage, which is calculated as follows: Inventory carrying cost = (total carrying costs/total value of inventory) x 100 You can use this metric to identify opportunities for improvement in your inventory management strategy.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Supply Chain Shaman

APRIL 26, 2018

90% of companies are unable to drive improvement at the intersection of inventory management, operating margin and customer service.). In 2007, it took six months for companies to sense the downturn in markets and align supply chains. Stuck, only 10% of manufacturers are driving improvement. (90% 3% of the last decade.

Supply Chain Network Software 183

Supply Chain Network Software Network Optimization Supply Chain Software Optimal Sourcing 183

The Logistics & Supply Chain Management Society

JULY 20, 2020

This can be applied to inventory management, fleet and order tracking, ID badging. This helps improve order management and accuracy, shorten estimated transit times (ETAs) and minimise out-of-stock situations. Amazon’s supply chain heavily depends on the outsourcing of its inventory management. Olhager, J.,

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

AB&R

NOVEMBER 20, 2023

The initiative was officially put on hold in 2007 as a result. Some suppliers reportedly stopped tagging their products because they believed Walmart was not acting on the data it had collected. Ultimately, though, tags were expensive, and the technology was not reliable enough. With the challenging start, one can only ask… Why try again now?

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

RFgen

AUGUST 18, 2021

Inventory management shouldn’t be a nightmare. Automating inventory processes can help reduce overhead costs and increase customer satisfaction for good. The automotive industry is no stranger to complex inventory management. Why You Should Upgrade Your Inventory System.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Management Software Automotive 52

GlobalTranz

MAY 13, 2015

Benefits from its supply chain efficiency result in time savings, more cost-effective inventory management and improved product forecasting, the article said. The retailer started dealing directly with manufacturers in the 1980s, giving suppliers the job of managing inventory in its warehouses, the Arkansas Business article said.

Gartner 120

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Supply Chain Matters

APRIL 4, 2024

Founded in 2007, Rotterdam based Flo Group specializes in Oracle focused logistics software support and deployment services capabilities. The deal reportedly will further enhance Oracle’s logistics software deployment capabilities across Europe.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 40

Supply Chain Shaman

DECEMBER 7, 2022

” So, I started work with Arizona State University to take balance sheet data from 2003-2007 to analyze which combination of metrics drove the highest market capitalization. As a result of the research with ASU, I settled on the combination of growth, margin, inventory turns, and ROIC for the Supply Chains to Admire analysis.

Inventory Reduction 53

Inventory Reduction Material Savings Supply Chain Strategy Price Mitigation Strategies 53

AB&R

APRIL 12, 2022

The initiative was officially put on hold in 2007 as a result [2]. Some suppliers reportedly stopped tagging their products because they believed Walmart was not acting on the data it had collected. Ultimately, though, tags were expensive, and the technology was not reliable enough. With the challenging start, one can only ask….

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

NC State SCRC

FEBRUARY 13, 2018

However, in 2005-2007 wholesalers’ position in the channel was challenged due to increasing pressure for pricing controls, lower inflation, ASP regulation, and other external variables. Consolidated accounts receivable management. Inventory management. Emergency shipments to providers 24/7/365. Returns processing.

Pharmaceutical 40

Pharmaceutical Price Reduction Expense Reduction Inventory Reduction 40

RFgen

OCTOBER 15, 2015

Recent news indicates the vitamin and supplement industry may come under stricter government oversight related to labeling and inventory management in the near future. Food and Drug Administration found at least two instances per week of tainted vitamins or supplements sold to the public from 2007 to 2015.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Pharmaceutical 52

RFgen

OCTOBER 15, 2015

Recent news indicates the vitamin and supplement industry may come under stricter government oversight related to labeling and inventory management in the near future. Food and Drug Administration found at least two instances per week of tainted vitamins or supplements sold to the public from 2007 to 2015.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Pharmaceutical 52

Supply Chain Shaman

FEBRUARY 13, 2013

The goal of Colgate was to get regional input, but manage a global brand presence. When the Great Recession of 2007 hit, Unilever went through a massive restructuring with a series of multiple layoffs. The focus was far more multinational.

Pharmaceutical 228

Pharmaceutical Inventory Reduction Cost Reduction Strategies United States 228

Supply Chain Shaman

MARCH 8, 2016

In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. Over the last decade the use of Terra Technology’s DS product improved short-term demand forecasts by 37% at 13 consumer products, and food and beverage companies.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Supply Chain Shaman

OCTOBER 8, 2019

The two primary buffers in the supply chain are manufacturing capacity and inventory. With higher levels of asset utilization, inventory management becomes more important. Ironically, inventory levels today are higher than they were in 2007; yet customer service levels issues abound. The reason why?

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

The Logistics & Supply Chain Management Society

SEPTEMBER 25, 2020

These include the belief in digitization and automation, and the ability to come up with models that not only allow to manage processes and assets, but also lead people remotely. Computer vision and AI help to redesign and optimize the work along factories’ assembly lines. The true art of staying ahead of paradigms is to create them.

Supply Chain Software 100

Supply Chain Software Supply Chain Planning Software Agile and Lean Supply Chain Modeling 100

KEPLER Consulting

DECEMBER 11, 2019

However, it is essential to react quickly in order to prevent harmful effects due to the overload of the operational system (Véronneau and Cimon, 2007) and also to preserve a certain agility in for the Supply Chain. Two examples among others are the manual sourcing process or asset management to be applied on future orders from the supplier.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Material Savings Inventory Reduction 52

EMERGE App

DECEMBER 18, 2018

The rise of China in the past decade coincided with a global economic boom after the financial crisis of 2007-2008. Inventory management software, in particular, is critical for all players in the supply chain: importers, exporters, wholesalers, and distributors. The Rise and Rise of China.

Distribution 74

Distribution Trends Manufacturing Procurement Vietnam 74

Talking Logistics

APRIL 12, 2016

Jason Minghini joined Kenco in 2007 as a senior logistics engineer, and served as director of operations. Currently, he is the vice president of best practices, which encompasses traditional industrial engineering, Lean, Six Sigma, along with program management and quality.

Warehousing 100

Warehousing Six Sigma Supply Chain Design Software Agile and Lean Supply Chain 100

The Logistics of Logistics

JANUARY 4, 2021

It was between projects in 2007 that a high school buddy suggested they have a beer with another high school buddy who was selling seafood over the internet. Mike also worked on several of his own real estate projects including building an office and retail complex, 28 luxury condominiums, a mini-storage facility, and a few residential homes.

Sustainability 130

Sustainability Washington Nebraska Virginia 130

Unleashed

OCTOBER 17, 2022

Think about the difference between Microsoft Word 2007 and Google Docs. This is most notable in version-based ERP software, as opposed to the more fluid SaaS licensing model where there is really only one product and it’s updated regularly. Confused about the difference?

Vendor Strategies 97

Vendor Strategies Supply Chain Planning Software Supply Chain Network Software Supply Chain Design Software 97

Supply Chain Network

MARCH 2, 2012

The acquisition expands IBM’s cloud-based analytics offerings that provide supply chain intelligence leading to better inventory management and cost efficiencies. Emptoris solutions bring more intelligence to procurement and supply chain operations with spend, supplier and contract management for Smarter Commerce.

Optimal Sourcing 79

Optimal Sourcing Modeling Negotiating Skills Manufacturing Procurement 79

SCMDOJO

SEPTEMBER 4, 2023

LSPs generally endow tremendous inventory management and warehousing solutions, conveyance of orders and international logistics. They can save corporate capital on expenses and give customers much speedier services due to their connections and incentives (Li, 2007). link] Retrieved from [link] Kennedy, A. 2020, 03 02).

Logistics Network Optimization Software 94

Logistics Network Optimization Software Negotiating Skills 3PL Negotiate Pricing 94

Supply Chain Shaman

OCTOBER 5, 2021

We are not good at inventory management. Inventory Levels Over the Quarters of the Pandemic. Four industries–B2B Technology, Aerospace and Defense, Retail Apparel, and Food Manufacturing–grew inventory during the pandemic. Companies struggle to have the right inventories. ” The answer? The reason?

Supply Chain Planning Software 256

Supply Chain Planning Software Supply Chain Design Software Modeling Optimal Sourcing 256

Arkieva

MAY 12, 2016

From Figure 5 we see a premium gross profit for Company 1 in the period 2004-2007. The 10% EBIT corresponding with an average inventory turn of 3, as shown in Figure 8. Figure 9 – Benchmarking product leaders, opex leaders and customer intimacy players in the Supply Chain Triangle.

Benchmarking 60

Benchmarking Inventory Reduction Supply Chain Strategy Cost Reduction Strategies 60

Arkieva

MAY 10, 2016

From Figure 2 we see that has been the case in the pre-crisis period 2004 – 2007. If Company 1 were to be a product leader, that higher R&D spending should translate into a higher gross margin. As gross profit has come down during the crisis and did not fully recover, we see that Company 1 has been cutting its R&D spending.

Benchmarking 60

Benchmarking Expense Reduction Inventory Reduction Cost Reduction Strategies 60

Unleashed

AUGUST 22, 2019

The first iPhone was released in 2007, but Wi-Fi and mobile data were still relatively expensive. With access to your company network from a mobile device, you can look at your online inventory management system and check stock levels. Looking back to the start of the 2000s, mobile devices were around but not extremely common.

Inventory Management Software 40

Inventory Management Software Supply Chain Network Software Procurement Solutions Inventory Management 40

Supply Chain Shaman

OCTOBER 5, 2021

We are not good at inventory management. Inventory Levels Over the Quarters of the Pandemic. Four industries–B2B Technology, Aerospace and Defense, Retail Apparel, and Food Manufacturing–grew inventory during the pandemic. Companies struggle to have the right inventories. ” The answer? The reason?

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Modeling Optimal Sourcing 195

Supply Chain Shaman

OCTOBER 5, 2021

We are not good at inventory management. Inventory Levels Over the Quarters of the Pandemic. Four industries–B2B Technology, Aerospace and Defense, Retail Apparel, and Food Manufacturing–grew inventory during the pandemic. Companies struggle to have the right inventories. ” The answer? The reason?

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Modeling Optimal Sourcing 195

Global Trade Management

NOVEMBER 25, 2007

Sunday, 25 November 2007. The ability to in real time identify the location and status of the sourced goods gives the importer the ability to fine tune its distribution channels, its inventory management and its ability to fulfill commitments to its end users. Monday, December 03, 2007 8:01:00 am. ▼ 2007. (4).

Cargo 40

Cargo Supply Chain Network Software Global Real-time Visibility 40

Arkieva

APRIL 19, 2016

When comparing EBIT% Company 3 is clearly superior in the period 2004-2007. Figure 3 – Orbit chart on ‘EBITDA%’ versus ‘Inventory Turns’ for 3 competing technology companies. EBITDA% is higher than the EBIT% as it does not account for the depreciations and the amortizations.

Benchmarking 60

Benchmarking Inventory Reduction Inventory Expense Reduction 60

Arkieva

APRIL 7, 2016

Company 3 has a better balance between Inventory Turns and EBIT%, however it lacks resilience. It took a hit from 2007 to 2008, most probably because of the financial crisis and it never recovered. It has an average EBIT% of 0.68% which seems below standard.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization Supply Chain Strategy 60

Taulia

JULY 11, 2023

Adopting a digital supply chain management platform makes it easier for companies to gain oversight across the entire supply chain, track supply chain activities, measure performance against targets, and identify risks. Rethink inventory management strategy Sustainability and optimal inventory levels go hand in hand.

Optimal Sourcing 40

Optimal Sourcing Waste Reduction Supply Chain Optimization Material Savings 40