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.

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 the inventory optimization and the S&OP reports, I find a handful of VERY experienced SAP clients doing codevelopment with the SAP IBP product.

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 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.

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.

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 The retailer also instituted cross-docking at its warehouses, a method that moves inventory directly from arriving or departing trucks.

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. Orbit Chart of VTech for the Period of 2006-2015 at the Intersection of Operating Margin and Inventory Turns . Our phrase, at the time, was “inventory kills.”

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.

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. In 2007, it released the Kindle.

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.

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.

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.

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.

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. Shortly after the acquisition, stories started circulating about stockouts and inventory issues.

Food 90

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. As supply chains extend globally, they become more complex.

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.

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.

Supply Chain Operating Networks Create Supply Chain Rockstars

Talking Logistics

With the collective power of a supply chain operating network and its big data analytics, companies can be proactive and generate additional revenues, such as having the ability to unload inventory to another business on the network that is out of stock of the same products.

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 was an early morning.

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.

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.

Austin 124

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.

S&OP 392

“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

Supply Chain Opportunities in China

Supply Chain Movement

In 2007, the Dutch producer of pushchairs relocated its factory from Taiwan to the free trade zone close to Xiamen in China. That leads to extra inventory and extra costs and hence necessitates a substantial level of turnover in order to be financially feasible.

China 90

Friends with Fitbits: Fitness Tracking and Taking Supply Chain Planning to the Next Level

Talking Logistics

We focus on reducing miles driven, making a delivery in hours instead of days, minimizing inventories, or increasing the utilization of our workforce. Ron joined Quintiq in 2007 and leads a marketing team that focuses on global campaigns, partners, and analyst relations.

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). Volatility.

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.

eBook 196

6 Strategies for Better Supply Chain Management in the Current Economy

Oracle SCM

The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. By Maha Muzumdar.

This Week in Logistics News (June 6-10, 2016)

Talking Logistics

Target charges suppliers more to help offload unsold inventory (Reuters). Last week, I highlighted how Walmart is piloting the use of drones in its warehouses for inventory tracking. My Little League team lost its first playoff game this past Monday.

Managerial Practice Will Need to Catch up with the Emergence of Real-time Supply Chains

NC State SCRC

Working capital is generally in the form of inventory, which is an asset that doesn’t produce any revenue or cash. 2007). A metaphor is that of reducing friction, which increases flow, where friction includes all of the typical delays and problems that slow material flows and increase inventory. Friction can produce bottlenecks in production systems and shipments, which delays material and causes inventory to build up or shortages to occur.

Is The Retail Industry Melting Down?

Supply Chain Game Changer

It’s kind of a wild west, and the most successful players being those who can harness Omnichannel distribution, and avoid excess inventory that will leave them in the dust. Subscribe Here! Email Address. Blog post provided by [link].

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.

How Are You Analyzing and Adjusting to the Mobile Shopper?

Birst Supply Chain

Just as Steve Jobs reinvented an entire industry in 2007 when he introduced a mobile gadget called the iPhone, retailers have an opportunity to reinvent themselves by leveraging data generated by the mobile shopper. Every retailer is facing a similar challenge.