Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. 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. MORE

A poor procurement choice based on stale data can lead to a decline in profits. 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!” MORE

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.”. Procuring logistics services is not the same as buying paper clips, yet that’s how many procurement organizations approach it. MORE

Further, if one does a Google search on data science groups in private industry, numerous large industry groups formed just since 2007 appear. TOMPKINS: Sellers today find e-commerce inventory allocation and replenishment to be challenging. The area of most waste was inventory. MORE

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. Extends Smarter Commerce capabilities to Chief Procurement Officers. MORE

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. MORE

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. MORE

Despite entering India way back in 2007, Walmart till now, operated only 21 stores catering to B2B segment across the country. Given Walmart’s competence in supply-chain management, the company can provide the much-needed push by enabling the procurement of goods at village level. MORE

Currently as the Director of Supply Chain for Newell Brands Applied Materials, he oversees the SIOP process, production planning, procurement, warehousing, and logistics for servicing big box retailers including Walmart, Lowe’s, and The Home Depot. Introduction. MORE

The wealth of data captured from raw material procurement through distribution to the end customer creates a comprehensive, holistic view of how a supply chain is performing. MORE