Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

Reason #6 Not effectively managing inventory. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. A bad decision can result in missed orders, significant inventory, or scrapped materials. They do their jobs moving inventory from here to there, opening orders that the system says should be opened, cancelling orders that the system says should be cancelled, yet never questioning why or whether it makes sense.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. As I sat with the team, and discussed the future of supply chain, they impressed me with their by their use of planning tools and their process diligence on building inventory strategies to enable a customer-segmented supply chain. Platitude: a flat, dull, or trite remark, especially one uttered as if it were fresh or profound.

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Getting Inventory Right: Hope with Hype and Recycled Software?

Supply Chain Shaman

I am speaking this morning at the Terra Technology conference and doing a book signing of my new book, Supply Chain Metrics That Matter. 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 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.

A “Swiss Army Knife” of Supply Chain Talent Requirements: Views from a Former Wolfpack Student

NC State SCRC

Stuart William was in one of my former MBA classes at NC State in 2008, and graduated into one of the worst economies ever in May of 2009. He became a director at that point, working with sales planning, inventory planning, and financial planning, and pulling together the Sales and Operations Planning team, as well as introducing new products and eliminating obsolescence. in inventory, and well over double the sales volume.

7 Best Supply Chain Books of All Time

Supply Chain Opz

Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics. 2008). Books We Recommend - Purchasing Book - Six Sigma Books - Operations Management Book - Inventory Control Book - Lean Books - International Business Book Last review and update: January 30, 2020

50 warehouse automation stats you should know

6 River Systems

General warehouse industry statistics Warehousing costs & revenue statistics Warehouse efficiency statistics Labor statistics in the warehousing industry Automation adoption in the warehousing industry Warehouse performance metrics Warehouse automation stats: General warehouse industry statistics 1. Bureau of Labor Statistics , there are 18,182 private warehousing establishments as of 2018, up from 15,203 in 2008. in Q1 2017, the lowest since 2008.”

Companies See Strongest Working Capital Performance Since Recession

Material Handling and Logistics

significantly improved their ability to generate cash in 2017, producing the strongest working capital performance since 2008. However, their ability to collect from customers and manage inventory actually both deteriorated, masked by a significant increase in the time companies take to pay suppliers, according to the latest Working Capital Survey results from The Hackett Group. days and Days Inventory On hand (DIO) rose by just 0.6% and hold less than half the inventory (23.9

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. The new trend to be sustainable is part of the current category: Revenue Growth, so why add another category like CSR when we should be moving towards the core supply chain metrics of total delivered cost and customer service. This, my friends, is why we need to get back to CORE supply chain metrics when measuring the Top 25.

Sales and Operations Alignment: Often The Missing Link

Supply Chain Shaman

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. However, in 2008 when the business grew +20%, inventories declined substantially, and part of his team won a Syngenta internal award, it became clear. In 2008 the market was ballistic.

How do we Drive Invention to Innovation in Planning?

Supply Chain Shaman

In 2008, I was asked to visit DuPont to talk about demand sensing. Inventory piles up and revenues gaps are closed by pushing product into the market. This was the case for DuPont in 2008. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. This week, I spoke at the Chicago CSCMP round table event. I love to hear the thoughts from different speakers.

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

m/m in 2020 was taken way back in 2008 and it got ratified in 2016 in the 17th session of MEPC meeting. Reducing sulphur emissions by utilizing low sulphur fuel oils in shipping vessels will help reduce greenhouse gas emissions by at least 50% by 2050 compared to 2008 requirements. million metric tons annually. That represents a huge cost to the supply chain where each party tries to run lean, just-in-time inventory. Subscribe Here! Email Address.

6 Common Supply Chain Mistakes and How to Resolve Them

AFFLINK

The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. Rewards such as cost savings, time to market and inventory turnaround also contribute towards short-term goals. Managers must tie their efforts to mitigate risk with metrics that will result in the long-term support of higher management.

Three Key Trends From The WERC DC Measures Survey

Lucas

This year’s survey showed the growing importance of labor-related metrics in assessing DC performance. Trend One: Labor Metrics Dominate . Every year the WERC report lists the top 12 metrics used by DC and warehouse managers and tracks how those rankings change from year to year. The metrics cover inventory, warehouse operations, financial, and labor-related measures.

Next-generation supply chains: Efficient, fast and tailored

Global Trade Management

inventory turns, while the Laggards achieve only 3.8. metrics that really impact the bottom line; the Leaders in our survey. arviem, founded in 2008, has grown organically to become the leading service provider for real-time cargo monitoring. ► 2008. (7). Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today. The size of global trade has nearly doubled since 1990.

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Rockwell Automation: Supply Chains to Admire Winner

Supply Chain Shaman

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). In Figure 1, we include the orbit chart of performance metrics at the intersection of operating margin and inventory turns.

Summary of Development and Manufacture Contracts in the Aerospace and Defense Industries

NC State SCRC

With inventory desired to be at a minimum. The contract may also include metrics and resulting consequences (late fees, etc.). Contract Management , IACCM, 15 June 2008, www.iaccm.com/resources/?id=7978&cb=1552185616. Our third contract research paper is by James Wilkinson, focusing on aerospace contracts which typically entail a great deal of risk (as illustrated by the Boeing 737 MAX incident…).

Rockwell Automation: A Case Study in Supply Chain Excellence

Supply Chain Shaman

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). In Figure 1, we include the orbit chart of performance metrics at the intersection of operating margin and inventory turns.

Is Working Capital on Your Logistics Dashboard?

TMC

Transportation management system (TMS) technology helps companies to manage a host of performance metrics – including working capital. The link between freight transportation and this financial metric might not be obvious, but working capital is a key measure of a company’s efficiency and a number of the logistics metrics that are monitored by TMS solutions impact its performance. High-value metric. Inventory management is one example.

Supply Chain Management:Demand Planning in CPG industry.

Infosys Supply Chain Management

Demand planning is the most critical process in the CPG industry, since it drives all downstream processes (raw material/finished goods inventory planning, procurement planning, capacity planning, manpower planning, transportation planning, etc.) In this step, the actuals are compared with the planned metrics (MAPE, forecast accuracy, bias etc.) It is imperative to incorporate all the above mentioned points in your planning system inorder to achieve optimum Inventory.

Supply Chain Management:Rapid Innovation will Differentiate the.

Infosys Supply Chain Management

That in-turn raises the challenge of the ability to manage inventories across cross-channel commerce, along with the ability to position and deploy inventory to the most profitable channel and associated store outlets. Insuring that each function, including online marketing, store operations and supply chain have common objectives, metrics and aligned rewards for the coming year. December 2008. November 2008. October 2008. September 2008. About Us.

Supply Chain Management:Supply Chain Visibility: The need.

Infosys Supply Chain Management

As a result, organizations end up either under stocked (that leads to lost customers) or overstocked (leading to unwanted inventory carrying costs). It is imperative then, that companies can no longer bank on traditional solutions that only track inventory and its associated cost within the companys boundaries. December 2008. November 2008. October 2008. September 2008. About Us. Contact Us. Newsroom Investors Careers. Infosys Labs. Industries.

A Quick Glance Into The Logistics Market - March 2016

EFT

in February 2016, the lowest level since February 2008. Manufacturing & Trade Inventory: Total value of inventory on hand is estimated at $1.812 trillion in January, up 0.1% AIR FREIGHT: Atlanta Air Cargo Traffic: In January, Hartsfield-Jackson Atlanta International Airport transported 49,799 metric tons of cargo, a 10.7% Source: Institute for Supply Management) (The PMI combines data on new orders, inventory, production, supplier deliveries, and employment.

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A Quick Glance Into The Logistics Market - January 2016

EFT

Manufacturing & Trade Inventory: Total value of inventory on hand is estimated at $1.814 trillion in October, virtually unchanged from September and up 2.0% Starts for single-family homes were an annualized 768,000 in November 2015, the highest level since January 2008. Atlanta Air Cargo Traffic: In November, Hartsfield-Jackson Atlanta International Airport transported 53,841 metric tons of cargo, a 4.0% MARKET: . Gross Domestic Product: The U.S.

A Quick Glance Into The Logistics Market - January 2016

EFT

Manufacturing & Trade Inventory: Total value of inventory on hand is estimated at $1.814 trillion in October, virtually unchanged from September and up 2.0% Starts for single-family homes were an annualized 768,000 in November 2015, the highest level since January 2008. Atlanta Air Cargo Traffic: In November, Hartsfield-Jackson Atlanta International Airport transported 53,841 metric tons of cargo, a 4.0% MARKET: . Gross Domestic Product: The U.S.

Demand Planning - Practicing the Best Practices - Infosys Blogs

Infosys Supply Chain Management

In this blog I will focus on first couple of sub process of demand planning cycle - 1) Setting up demand planning objectives and metrics for different business units/customers/key items/locations 2) Setting up the frequency of the forecasting process (create/review/publish) with the time horizons. Hence it is not recommended as a single metric to be followed. Hence it is also not recommended as single metric to be followed. December 2008. November 2008.

Three Reasons Why I Love Hadoop, and You Should Too!

Supply Chain Shaman

While the rest of the world was deep in a recession in 2008, and manufacturers were struggling with payroll decisions and layoffs, Hadoop innovation was in full swing. In the recession of 2008, it took the average consumer products company three-to-five months to sense the recession and redefine product plans. Inventories are high, and we have excessive ocean capacity. The elephants are coming! They will soon change your supply chain. In time, you will come to love them.