SCMDOJO

JULY 29, 2022

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. Boston: McGraw-Hill, 2009.

Sourcing Strategies 103

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Boston 103

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital. During the presentation, I squirmed uncomfortably in my seat. The reason?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Supply Chain Shaman

SEPTEMBER 9, 2014

We built peer groups based on like industries. The NAICS designation was developed by the US Federal Government to characterize groups of companies within an industry. If the company had multiple divisions crossing over many industries, where did you place them? There are a lot of misconceptions about inventory.

Pharmaceutical 274

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 274

Supply Chain Shaman

JULY 21, 2022

To help, we analyze business results each year to understand which companies outperform on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) over the past ten years. Industry Bias. The start-ups changed this and put these industry sectors into the leader’s circle.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

Cathy Roberson

SEPTEMBER 12, 2022

by industry and lots more. In addition, the much-publicized inventory issues that many retailers are dealing with are also resulting in interest in returns management. So, yeah, space to handle returns may have been reduced in some facilities to make way for inventories. billion pounds since 2009. collecting more than 2.5

Reverse Logistics 52

Reverse Logistics Inventory Reduction Logistics Network Optimization Software Supply Chain Design Software 52

Supply Chain Shaman

MARCH 28, 2016

The first step in the journey is to analyze balance sheet results and understand industry trends. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. Analysis of Performance and Improvement by Industry on the Supply Chain Metrics That Matter. Resiliency.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Supply Chain View from the Field

AUGUST 28, 2013

Historically, businesses have used one of two extremes for inventory management: push-based or pull-based. Push-based inventory management uses demand forecast to manage inventory and replenish from the supply base. The pull-based method relies on the ability to replenish the “pulled” demand.

Vendor Strategies 76

Vendor Strategies Inventory Reduction Inventory Supply Chain Planning Software 76

Talking Logistics

MARCH 13, 2015

business inventories flat, inventory-to-sales ratio highest since 2009 (Reuters). Rail industry pushes White House to ease oil train safety rules (Reuters). Institute for Supply Management data indicated that growth in production, orders, and inventory slowed in January…January 2015 freight shipments were up 5.6

Logistics Network Optimization Software 100

Logistics Network Optimization Software Logistics Mexico Freight 100

Enterra Insights

MAY 6, 2020

“The rapid spread of the Covid-19 virus is already having a huge impact on the global economy,” writes Peter Dizikes, “which is rippling around the world via the long supply chains of major industries.”[1] Challenge 1: Customers Cancel Orders and Finished Goods Inventory Builds Up.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Material Savings Supply Chain Planning Software Supply Chain Strategy 100

QAD

JUNE 8, 2021

The Guardian stated : “The technology industry faces a growing shortage of semiconductors and other high-tech components following a failure to invest in new manufacturing facilities during the recession, experts have warned.” Insufficient inventory visibility throughout the supply chain. Are We Really Learning from Our Mistakes?

Supply Chain Software 97

Supply Chain Software Automotive Demand Planning Software Forecasting Software 97

Herlitz Inventory Management

NOVEMBER 3, 2021

In September 2021, Associated Grocers of New England signed with Herlitz Inventory Management to improve upon its existing purchasing system and to further advance its goal of serving the needs of independent retail grocers of every store size and format. Carl Herlitz, President and CEO of Herlitz Inventory Management Inc.

Optimal Sourcing 52

Optimal Sourcing Inventory Management Software Procurement Solutions Rhode Island 52

Unleashed

DECEMBER 13, 2023

The Unleashed Manufacturing Health Index calibrates industry fitness on a scale of 0-100 for SME manufacturers throughout the United Kingdom, Australia and New Zealand. The Q3 2023 index scores are based on more than 400,000 data points from 2,600 manufacturing firms using the Unleashed inventory management system.

Manufacturing Procurement 52

Manufacturing Procurement New Zealand Manufacturing Beverage 52

Supply Chain Shaman

JANUARY 28, 2015

In our work on the Supply Chains to Admire report , we tracked the progress of manufacturing, retailing and distribution companies for the period of 2006 to 2013 and 2009-2013. We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC).

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

Supply Chain Shaman

AUGUST 5, 2015

In the selection of time frames to analyze, we look at the long-term view including the recessionary period of 2006-2009, the post recessionary period of 2009-2014 and the more recent time period of 2011-2014. Overall, in the industry, there is more forward momentum in consumer products sector than the food/beverage peer groups.

Agile and Lean Supply Chain 150

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain 150

Unleashed

MARCH 21, 2023

New research suggests that manufacturers will be able to significantly improve cash flow as they recover from the inventory crisis of 2022. Last year, data from 4,500 manufacturers using Unleashed inventory management software revealed firms were typically spending twice as much on stock as they were before the pandemic.

New Zealand 52

New Zealand Procurement Analytics Manufacturing Procurement Report 52

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. We find that this is true of too few companies. Supply Chain Design.

Optimal Sourcing 301

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 301

Supply Chain Matters

AUGUST 3, 2022

The latest report indicated that rates of expansion slowed in consumer, investment and intermediate goods industries, the latter for the third time in three months. Also highlighted was that purchasing activity, stocks of purchases and finished goods inventories collectively rose in July. slipping 2.3 percentage points from the 52.1

Manufacturing Procurement 99

Manufacturing Procurement Global Manufacturing Taiwan 99

Herlitz Inventory Management

MARCH 30, 2023

signed with Herlitz Inventory Management for its buying team. The Amarillo, Texas-based grocery distributor plans to roll out the HIMPACT solution to its full team of buyers in the coming months to begin reaping its cost-saving and inventory-optimizing rewards. Both the Herlitz Inventory Management team and the Affiliated Foods Inc.

Optimal Sourcing 52

Optimal Sourcing Inventory Management Software Optimization Software Inventory Management 52

Supply Chain Shaman

JANUARY 31, 2017

Only 12% of public companies are making improvement during the period of 2009-2015 in both operating margin and inventory despite spending an average of 1.7% Shown in Table 1 are operating margin and revenue/employee averages for the three periods by industry sub-segment. of revenues on Information Technology (IT).

Cost Reduction Strategies 90

Cost Reduction Strategies Inventory Reduction Six Sigma Agile and Lean Supply Chain 90

Supply Chain Insights

SEPTEMBER 9, 2014

We built peer groups based on like industries. If the company had multiple divisions crossing over many industries, where did you place them? We placed them in the industry that they were the most like, e.g., the primary source of revenue. Which companies were considered in the study? We tried to use NAICS code designations.

Pharmaceutical 179

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 179

Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. Foster future economic growth within the freight and goods movement industry. Source: Commerce Dept. View full report.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Supply Chain Matters

OCTOBER 26, 2023

In his leadership of Toyota , he had openly questioned the ongoing timelines of the global auto industry’s wholesale transformation toward an all-electric model offerings. Industry Headwinds Supply Chain Matters has featured multiple automotive industry transformation specific commentaries of the past several months.

Price Reduction 52

Price Reduction Expense Reduction Cost Reduction Strategies Resource Reduction 52

C3 Solutions

JULY 22, 2020

But it was really the development of innovative material handling systems in the mid-20th century that prompted the need for ways to keep track of more densely stored goods and higher levels of inventory. With the concurrent innovation in computing technology, inventory tracking systems were created that could generate automated reports.

Supply Chain Design Software 131

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Retail 131

6 River Systems

OCTOBER 30, 2019

But what does that mean for industry employment? To gain some insight into how today’s industry professionals view the potential impact of warehouse robots on industry employment, we reached out to a panel of warehouse and automation experts and asked them to answer this question: “What’s your take on warehouse robots?

Warehousing 78

Warehousing Supply Chain Software Supply Chain Design Software Supply Chain Planning Software 78

Supply Chain Shaman

FEBRUARY 12, 2017

Each year at Supply Chain Insights we study performance and improvement of companies in each industry. The patterns of BMS and Merck are typical in the pharmaceutical industry. Note that neither company is making progress at the intersection of operating margin and inventory turns. The patterns are circular.

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150

Supply Chain Shaman

OCTOBER 20, 2012

Here is the list: Supply chain technology implementations have reduced inventory. Seemingly, most supply chain leaders that are reading the press, or going to industry conferences, would believe that all four statements are true. Here they are: The Lie of Inventory Reduction. Other industry groups did not. The reason?

Inventory Reduction 261

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 261

Enterra Insights

JANUARY 9, 2023

Retail journalist Ben Unglesbee writes, “Hey retailers, it might be time to ditch your stores, move your inventory to the metaverse, replace your staff with robots, switch from cash to crypto and invest all your profits in some blockchains.”[2] ”[2] Hopefully, his tongue was firmly planted in his cheek when he wrote that.

Trends 130

Trends Retail Predictive Analytics Software Omnichannel 130

Herlitz Inventory Management

MAY 4, 2023

selected HIMPACT by Herlitz Inventory Management as its new purchasing system in February 2023. Herlitz Inventory Management (HIM), leading innovator in scientific demand forecasting, replenishment, and optimization, announced that Krasdale Foods Inc. Krasdale Foods Inc. Gus Lebiak, President and COO of Krasdale Foods Inc.,

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Purchasing Training Inventory Management Software Procurement Solutions 52

Talking Logistics

JULY 8, 2016

A similar situation exists in the air cargo market, as reported by Reuters: Following a sharp fall in freight prices air cargo companies are set to trim their fleets and jobs further to battle overcapacity while looking for new partnerships and products to carry, industry executives and analysts say. percent from 3 percent. Woolworths Ltd.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Software Demand Planning Software Supply Chain Network Software 100

Supply Chain Matters

APRIL 4, 2023

However, we discern some added signs excess inventories and of production sourcing shifts. Further concerning was that the volume of warehouse finished goods inventories rose to the greatest extent in four months. percentage point increase in March while the Inventories sub-index dipped to the contraction value of 47.5,

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Global Purchasing Skills 52

Supply Chain Shaman

NOVEMBER 1, 2015

Dealing with the talent shortage in emerging economies will redefine human resource policies and industry consortia programs. Used from the 17th century until the late mid-20th century, a ball and chain found in 2009 in the United Kingdom from the 17th century was an 18 pound ball six inches in diameter. Redefinition of Talent.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 150

Supply Chain Shaman

JULY 3, 2015

Inventory Turns (15%) (based on 2014 results). Opinion makes up 50% of the rating; and in the ranking system, company comparisons are against each other with little consideration of industry drivers. And, unfortunately, there is no good measure for customer service for the industry to use in a ranking system.).

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

SCMDOJO

JULY 7, 2023

Introduction Founded in 2009, Rivian Automotive, Inc. is an American electric vehicle manufacturer and automotive technology company which has emerged as a prominent player in the highly competitive automotive industry. Rivian had to navigate this competitive landscape while establishing itself as a key player in the industry.

Supply Chain Design Software 99

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 99

Supply Chain Matters

SEPTEMBER 23, 2023

Some progress has been disclosed, specifically that Ford has agreed to reinstate cost-of-living wage adjustments that were eliminated in 2009, along with what is described as an enhanced profit sharing element to wage structure. The disruption now directly involves end consumers with added inconvenience. Specifically for the U.S.

Negotiating Skills 59

Negotiating Skills Cost Reduction Strategies Expense Reduction Inventory Reduction 59

Supply Chain Collaborator

NOVEMBER 22, 2017

As the nation turns its attention to reasons for gratitude this Thanksgiving season, we here at UltraShipTMS, the Supply Chain Collaborator blog and the logistics industry in general have more than the usual reasons to be thankful. percent higher than the low in April 2009 during the recession.” Freight Volumes Up and Rising.

Logistics Network Optimization Software 60

Logistics Network Optimization Software Supply Chain Planning Software Inventory Management Software Real-time Visibility 60

Supply Chain Shaman

AUGUST 11, 2014

We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement. Resiliency is the tightness of the pattern, or the reliability of operating margin and inventory turns results.

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

Supply Chain Matters

MAY 3, 2022

They collectively provide evidence that the prior disruptions still occurring among industry supply chains, compounded by the latest manufacturing, logistics and transportation disruptions occurring in China, will have a longer economic and service level effect in the coming months. China’s Specific Impact. in April, from the value of 49.5

Manufacturing Procurement 52

Manufacturing Procurement China Purchasing Skills Supply Chain Planning 52