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How We Stubbed Our Toe in The Evolution of S&OP

Supply Chain Shaman

Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels. Industries carried on average 32 days more inventory in 2020 than in 2007.

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When It Comes to Planning, Please Vote with Ike!

Supply Chain Shaman

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. The problem is that most of it is the wrong inventory due to planning fallacies.

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Supply Chain Leaders, Chained to Tradition, Face the Whip

Supply Chain Shaman

The future inventory fire sale. One of my stark realizations this year is that smaller companies are beating larger and often more established companies on growth metrics, inventory turns, operating margin, and Return on Invested Capital (ROIC). (In I then told them about working with a Fortune 500 Chemical Company in 2007.

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What is Supply Chain Visibility and Why Isn’t It Enough?

Logistics Viewpoints

Because we call it a supply chain for a reason – each link is connected, so if you rattle one link, you rattle the entire chain, as Boeing famously discovered in 2007 when a bolts and screws shortage delayed their Dreamliner. But the opposite is not true – if you optimize one link, you have not optimized the entire supply chain.

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Lean Six Sigma for SMEs: A Path to Continuous Improvement

SCMDOJO

– Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.). Enhanced Quality and Customer Satisfaction Lean Six Sigma methodologies prioritize quality improvement while ensuring that SMEs deliver products and services that meet or exceed customer expectations.

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VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

To meet the criteria for The Supply Chains to Admire for 2016, companies needed to score better than their peer group average for performance metrics, while driving a higher level of improvement than 2/3 of their industry peer group. Inventory Turns. To meet the goal, they would short cycle and not make these low volume items.

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Logistics Service Providers (LSP): 3PL vs 4PL vs 5PL

SCMDOJO

LSPs generally endow tremendous inventory management and warehousing solutions, conveyance of orders and international logistics. Thereby, the main divergence lies in the degree of control and accountability, especially when it comes to meeting the needs and wants of the clients effectively.