Dreaded Shrinkage: Bottomless Pit or Grave?

Supply Chain Network

While no fraud investigation should presume guilt, the root-cause analysis as to the reasons for the inventory shrinkage should include the possibilities of uncovering fraud. The affects of inventory shrinkage include: - Inaccurate inventory counts. SHRINKAGE: BOTTOMLESS PIT OR GRAVE?

Staples and its partners get full visibility with RFID

Supply Chain Network

Fellowes Canada and Western Inventory Service. These members and industry at large are hoping the pilot will demonstrate RFID’s promised results—better inventory visibility, and happier customers. From Purchasing b2b: One thing is for certain, RFID has been talked about enough—in the media, at trade shows and industry conferences. Like a parachute jumper receiving endless instruction in the plane, there comes a time when you just have to jump.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Global Cargo Monitoring / Cargo Tracking: Networked Supply.

Global Trade Management

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). Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today.

Cargo 40

Using the Right Technology For Your Inventory Management

Supply Chain 24/7

In this article, we share five insights to answer the question of why are inventory levels in the supply chain higher post-recession than before 2007 and offer guidance to better manage inventories in a complex supply chain world

Getting Inventory Right: Hope with Hype and Recycled Software?

Supply Chain Shaman

In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks. In the research for my inventory optimization report, the lowest level of satisfaction with multi-tier inventory optimization is with clients of the SAP inventory solution (previously purchased from SmartOps). The LogicTools product was purchased for $15 million in 2007 by ILOG. It is morning in Orlando. The sun is rising.

Global Cargo Monitoring / Cargo Tracking: Compliance with.

Global Trade Management

Thursday, 22 November 2007. 1 comment: Inventory POS System. ▼ 2007. (4). Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today. The size of global trade has nearly doubled since 1990. The healthy growth continues as world merchandise trade continues to grow with an average of 10% per year.

Cargo 40

Operational Excellence: Streamlining the Warehouse Layout Process

Talking Logistics

Understand how the inventory moves. The first step in the process is to dig into the data on your current operations to determine the “behavior” of your inventory. This includes characteristics like: The volume of inventory on pallets vs. cartons. Can inventory be racked? The answers to all these questions and more lie in your current operating data and inventory profile analysis. Know how your inventory moves.

The Best Practice Frontier in the 3D Supply Chain Triangle

Arkieva

Ensure continued alignment by sharing inventory turns as a KPI. Figure 1 shows it for inventory and service. The idea is that more service, typically comes with a higher inventory (or lower turns). They increase the service but require a higher inventory. Figure 1 – The best practice frontier – Inventory vs Service. An example can be refining the safety stock calculations and adopting a stochastic inventory optimization.

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Inventory Turns. Better performance in inventory turns than the peer group average for the period studied. In the analysis of the performance factors, companies are divided into two classifications: Supply Chains to Admire Winners: In the analysis of the performance factors of growth, operating margin, inventory turns, and Return on Invested Capital, Supply Chain to Admire winners score at or above the industry peer group average for all four of the factors.

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. From Figure 2 we see that has been the case in the pre-crisis period 2004 – 2007. To be able to complete our benchmark, we will also need data on the inventory turns.

Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

When the recession of 2019-2020 happens, the whiplash will be higher than the 2007 recession. There is no logical connection between inventory strategy and logistics optimization or the multiplicity of rules—allocation, ATP, inventory matching, routing—and planning engines. Second Step: Understand the Role of Inventory. Companies are unsure if inventory is a bad or a good thing. Isn’t the rise in inventories, as shown in Figure 3, post-recession shocking?

Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

Time to Sense Market Shifts in the 2007 Recession. Simplistic thinking of trading-off customer service, inventory and cost became much, more complicated with the shifts in asset strategies. With greater pressure on shorter cycles and less asset availability, getting good at inventory processes increased. In the supply chain, there are potential buffers—excess capacity in manufacturing work centers and inventory. As I flew to Dallas, I worked on this post.

2020 Requires Big Wings and Feet

Supply Chain Shaman

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Companies that directly connect financial data to supply chain data without creating a feasible plan at an item/location level rate themselves significantly lower on S&OP effectiveness creating higher costs, levels of inventory and order short shipments. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service.

Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

Cerasis

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 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.

Have You Given Your Planner Love Today?

Supply Chain Shaman

It took six months for supply chain executives to sense the market downturn of 2007 and make adjustments to their supply chain. Last week, the Wall Street Journal reached out to discuss the rising inventories near the Port of Los Angeles. As I write this blog, Valentine cards scatter my desk. This is the week for love: a time to send cards and letters to those that we appreciate. I am in the middle of sending the cards to my grandchildren.

Ooh, Scary Stuff, Kids. Tales from the Supply Chain Crypt.

Kinaxis

Fortunately, Libby’s, which has an estimated 80% of the canned pumpkin market, had enough canned inventory to make it through Thanksgiving. Maintaining two inventory streams, including a Wal-Mart dedicated one, was costly for suppliers. By 2007, after various delays and issues – Walmart changed its RFID strategy. by Teresa Chiykowski Warning: This blog post isn’t for the faint of heart. In fact, I should include a PG-13 rating on it.

Can Co-opetition Save your Company?

Elementum

The difference between BlackBerry in 2007— with a net worth of US $40B and BlackBerry in 2013—willing to be sold for a measly a tenth of its 2007 figure—has a lot to do with a failure to identify and deal with its competitors in the correct way. Underestimating Apple and the early iPhone, Blackberry didn’t see the need to cooperate with the right OS developers to create an easy-to-use app store and enough third-party programs to fill their inventory.

Welcome 2019

Supply Chain Shaman

The teams in these seats did not experience the down market in 2007 or the start of the market run in 2009. Companies cannot save their way to supply chain excellence with cost-cutting and inventory management — customer back capabilities. Welcome to a new year. Congratulations. You made it through 2018. It has been a while since I penned a blog post on New Year’s predictions, but today as I sit and drink my hot chocolate, I feel the itch to write.

Kimberly-Clark Makes Sense of Demand

E2open

Empty shelves send impatient buyers to competitors’ products, while too much inventory can result in unwanted carrying costs. For years, Kimberly-Clark relied on historical data to guide forecasts, but that changed in 2007 when the company began a complete end-to-end overhaul of its supply chain and invested.

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

This boosts revenues and optimises inventory. This can be applied to inventory management, fleet and order tracking, ID badging. Amazon’s supply chain heavily depends on the outsourcing of its inventory management.

Staying Ahead of Supply Chain Paradigms – LogiSYM September 2020

The Logistics & Supply Chain Management Society

In supply chain, remote inventory management which replaces the cumbersome routine labor of counting screws and switches will be part of the new automated supply chain paradigm. Knowing where inventories and goods in transit are and what they encounter is the prerequisite for timely decision-making to prevent delays, damages, and theft. “Nothing will be the same” headlines are mushrooming.

Sales and Operations Alignment: Often The Missing Link

Supply Chain Shaman

I first met Shane in 2007 at the beginning of his work with Syngenta’s value chain. Orbit Chart Comparing Syngenta and Monsanto Progress on the Effective Frontier – Balancing Inventory Turns and Operating Margin for the Period of 2005-2014. Orbit Chart of Syngenta and Monsanto of Progress on Operating Margin and Inventory Turns. In 2007, Shane Emms was asked to take a Global Supply Chain leadership assignment at Syngenta.

Origin of Logistics & Supply Chain Revealed! - SupplyChainOpz

Supply Chain Opz

Here at resupply points, inventory was stored for up to 8 days. Larson et al 2007 indicated that, based on a literature review, there are 4 types of interaction as below, Reproduced from Larson et al 2007. (1) NAVIGATE. Basics. Case Studies. Graphics. All Posts. About. Copyright. Privacy. Blogroll. Origin of Logistics & Supply Chain Revealed! What do we know about "Logistics" and "Supply Chain" to date?

Building the Network of Networks

Supply Chain Shaman

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. Today, I am facilitating a share group. The dream is the building of Network of Networks. The goal is to close current gaps to build inter-enterprise visibility and improve inter-operability between businesses. Today, the gaps are large.

And I thought last year’s Top 25 Supply Chain was a surprise

Kinaxis

I am bolder on Samsung, simply because they had the highest 2016 Inventory Turns aside from McDonalds. by CJ Wehlage On the bus ride back to the McDowell Marriott after the 2016 Gartner Top 25 Supply Chain event, I plugged my ear phones into my cell and listened to some Pearl Jam. Their classic hit, Last Kiss, the song summed up my thoughts about the 2016 rankings. So, the supply chain version of Last Kiss would go something like this…. “Oh Oh where, oh where, can my supply chain be?

Amazon's Whole Foods Takeover: One Year Later

Elementum

Since 2007 it faced its share of challenges, including losing out to Walmart as the biggest seller of organic food in the U.S. This isn’t the first time Amazon has tried providing food deliveries — but with Whole Foods’ built-in fresh food inventory system, they could finally provide a truly disruptive service to consumers. Shortly after the acquisition, stories started circulating about stockouts and inventory issues.

Food 69

Amazon Prime Now – The Cost of Expediting the Last Mile

The UCLA Anderson Global Supply Chain Blog

In fact, its operating cost per square foot of warehouse space has remained almost flat at $100 during the last 7 years in which the warehouse area in North America increased from roughly 9 million square feet in December 2007 to 60 million in December 2014.   One big advantage of online sales versus brick & mortar is that inventory can be pooled. In contrast, without inventory pooling the total safety stock is. Average Inventory (from 10-K report).

Becoming a High Performing Sense and Respond Enterprise: End-to-End Supply Chain Visibility is Key

Talking Logistics

Per Gartner the quantitative benefits include: Inventory savings of 20% of value. Decrease of inventory on stock from just over 10 days to fewer than seven days. It has been suggested that demand-driven companies can sense market changes five times faster, which enables better customer service, lower inventory and better bottom line profits. As supply chains extend globally, they become more complex.

Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

A Demand-Driven Value Network as defined by AMR Research in 2007: A network that senses demand with minimal latency to drive a near real-time response to shape and translate demand. The focus is on channel data: price; inventory positions; and policies. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. The use of customer segmentation to determine priority in matching inventory with orders during the order cycle.

Nine Myths of S&OP Technology Selection

Supply Chain Shaman

When I wrote a summary report at AMR Research in 2007 and 2009, there were two or 6% of the market. In addition, 85% of the vendors in the multi-tier inventory optimization market that I wrote about in 1995, are now part of larger platforms. The problems are tough: issues like alternate bill of materials, floating bottlenecks, constraints, customer segmentation strategies and multi-tier inventory optimization requires robust technology.

S&OP 294

Spreadsheets – A Look Back

Kinaxis

From our eBook, S&OP in the 21st century , “An audit of 50 corporate spreadsheets in 2007 revealed that 94% had errors… one for $100 million!” That could mean excess inventory sitting in a warehouse, gathering dust or depreciating. by Joe Cannata Do you recall products such as VisiCalc, Lotus 1-2-3 and Quattro Pro? They were the names of very early versions of spreadsheets, which some claim, were the first killer apps for personal computing devices back in the 1970s-1980s.

eBook 157

Is Your Supply Chain Ready for the Recession?

Enterra Insights

There have been eight official recessions (including the one that began in December 2007) in the last 50 years. Challenge 1: Customers Cancel Orders and Finished Goods Inventory Builds Up. Challenge 3: Raw Inventory Builds Up as Material Keeps Arriving. To prepare for the next recession, companies should closely track the financial health of suppliers; use industry standard parts; have a second source of supply; and keep extra inventory on hand.

Lean 100

Will the Downturn Signal an Upturn?

Supply Chain Shaman

Vendor Managed Inventory processes–once hailed as the panacea of demand sensing–largely operate in isolation within sales organizations (of the thirty-three organizations that we interviewed last year, no market leader has connected these demand signals). I remember December 2007 like yesterday. Volatility. Demand redefined. Economic markets plummeting… D aily we see the financial charts roll across the news.

“You’re Only as Good as Your Worst Supplier”

Talking Logistics

As reported in the article, it appears that inadequate training was a contributing factor in this case too: “After the problems emerged, high-ranking Pratt executives spent weeks on the ground in Londonderry , training UPS workers who were unfamiliar with jet-engine parts [emphasis mine] and working out kinks in the companies’ inventory software.”. “People always ask, ‘What’s the one thing that keeps you up at night?’ ” United Technologies Chief Executive Greg Hayes said last month. “It’s

Unilever and Colgate: Two Bookends?

Supply Chain Shaman

If the definition is the balancing of costs and inventory, the winner is Colgate. Unilever is at the bottom of the list in driving performance improvements in productivity, cost, margin, inventory performance, and growth. When the Great Recession of 2007 hit, Unilever went through a massive restructuring with a series of multiple layoffs. Suddenly, inventory management became very important, and the teams got serious cross-functionally at the management of working capital.