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Inventory Management: We Can Do Better

Supply Chain Shaman

Downsizing inventories over the past decade crippled the response.” In Table 1, I share research collected for the Supply Chains to Admire analysis on the average days of inventory by industry across the period of 2004 to 2019 by increments to match economic shifts. Days of Inventory Peer Group Across Time Periods.

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Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

Gartner research shows that companies that continued to increase earnings while others declined in 2009 and 2010 were those that were able to keep their foot on the gas through the downturn because they had planned responses in advance. One US-based ToolsGroup manufacturing customer sources parts from several Chinese and Italian suppliers.

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Inflation is Back Up – Are you Ready?

Herlitz Inventory Management

Growing up with a father who developed inventory management software for a living spawned some interesting conversations around the dinner table. source: tradingeconomics.com. It hasn’t been lost here at Herlitz Inventory Management! source: thebalance.com. appeared first on Herlitz Inventory Management.

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What is Economic Order Quantity & its Advantages

SCMDOJO

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.

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Q&A on the Supply Chains to Admire

Supply Chain Shaman

Here we share the answers to the questions that we get the most often about this research: What is the source of data? We placed them in the industry that they were the most like, e.g., the primary source of revenue. There are a lot of misconceptions about inventory. Inventory is one of two primary buffers in the supply chain.

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Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

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. New Study Shows a Rise in US Company Inventories. Source: Commerce Dept. Source: SupplyChainDigest.

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Measuring Up?

Supply Chain Shaman

In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. In our recent analysis of supply chains that are “working well” , we find higher performance when companies have source, make and deliver reporting to the supply chain organization. Inventory Turns.