Herlitz Inventory Management

JULY 7, 2021

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. source: thebalance.com. ACA, Dodd-Frank Act.

Pricing Training 52

Pricing Training Purchasing Training Negotiating Skills Inventory Management Software 52

Infosys Supply Chain Management

NOVEMBER 1, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Main | Demand Planning in CPG industry - Practising the Best Practices » The Upcoming 2011 Holiday Buying Season will again Test Retailer MCO and Supply Chain Capabilities. Business Process Outsourcing.

Eliminating Excel in Purchasing 30

Eliminating Excel in Purchasing Supply Chain Planning Software Agile and Lean Supply Chain Supply and Demand 30

Supply Chain Network

JUNE 7, 2011

Designed to enable wholesalers, manufacturers, retailers, and distributors to achieve best-in-class inventory management practices, NetSuite Demand Planning enables companies to forecast peaks and troughs in demand and minimize capital tied up in inventory.

Supply and Demand 110

Supply and Demand Inventory Management Software Demand Planning Supply Chain Planning Software 110

Infosys Supply Chain Management

DECEMBER 29, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. » The Real Headline for the 2011 Holiday Buying Season- Need for Balancing Retailer Online and Fulfillment Process Investments. Business Process Outsourcing. Customer Service. Finance & Accounting.

Manufacturing Procurement 29

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 29

Talking Logistics

OCTOBER 6, 2014

The recently-published 2015 Third Party Logistics Study includes a special section on Mexico, and 40 percent of the study respondents said “they have already moved some of their operations to Mexico, citing reduced freight transportation time and closer proximity to sources as the most important factors as the primary drivers of the change.”

Mexico 183

Mexico Third Party Logistics Cost Reduction Strategies Inventory Reduction 183

QAD

OCTOBER 26, 2023

For example, when Dollar Shave Club began its monthly subscription service in April 2011, it wasn’t widely anticipated that the company would be real competition to established brands in the industry. How will you make sure that unused returns go back into inventory instead of being scrapped? How will returns be handled?

Supply Chain Disruption 94

Supply Chain Disruption Supply Chain Software Supply Chain Strategy Modeling 94

Resilinc

FEBRUARY 7, 2023

million vehicles, a sales total not seen since 2011. Making more electric vehicles will also require automakers to source from suppliers unfamiliar with the rigorous requirements of automakers’ precise inventory systems, which demand materials and components be delivered in exact quantities every day and even every hour.

Automotive 62

Automotive Industrial Industry Manufacturing Procurement 62

Talking Logistics

MARCH 23, 2015

Here are some excerpts from the press release: Twitter is like no other data source in the world. For example, according to an October 2011 Wall Street Journal article , “When Virginia’s magnitude 5.8 earthquake hit [in August 2011], the first Twitter reports sent from people at the epicenter began almost instantly at 1:51 p.m.—

Supply Chain Software 100

Supply Chain Software Logistics Network Optimization Software Supply Chain Network Software Supply Chain Strategy 100

Supply Chain Brain

OCTOBER 6, 2020

Even before COVID-19, supply-chain managers considered how to cope with supply-chain disruptions — from natural disasters like the 2011 Japanese tsunami to political developments such as the U.S.-China Supply-chain flexibility and responsiveness have never been more important as they are at present.

Supply Chain Software 65

Supply Chain Software Supply Chain Strategy Sourcing Strategies Supply Chain 65

Supply Chain Matters

SEPTEMBER 23, 2022

Implied is that these vehicles will remain as factory inventory until needed components arrive and customer or dealer orders can then be fulfilled. The Ford warning caused the company’s stock to fall 12 percent, the biggest one-day loss since 2011. Once more, these shortages reportedly involve higher margin trucks and SUV ’s.

Cost Reduction Strategies 59

Cost Reduction Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Planning Software 59

Talking Logistics

JUNE 30, 2016

Imagine a bitcoin being a unit of inventory and a digital wallet (“bitcoin address”) being an inventory-keeping location, such as a store, distribution center, or truck trailer. A supply chain blockchain application, therefore, could be used to record the balances and transfers of inventory across a distributed supply chain network.

Supply Chain Design Software 106

Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software Supply Chain Network Software 106

Supply Chain Shaman

MARCH 8, 2016

In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. The adoption of Terra’s products were brisk until 2011, but during 2012-2014 sales softened, resulting in employee layoffs and downsizing. The Company has a checkered past.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Supply Chain Shaman

JANUARY 14, 2013

ERP is valuable to improve transactional accuracy, but I can find no evidence that investments in ERP have reduced inventory or improved cash-to-cash cycles. In table 1, I compare ten-year averages (2001-2011) for food manufacturing companies. Multi-tier inventory optimization was a fad in the last decade.

Supply Chain Planning Software 259

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 259

USC Consulting Group

JUNE 19, 2023

. #1: Worker safety According to the US Bureau of Labor Statistics, there were 5,190 fatal work injuries in 2021 , with 798 attributed to exposure to harmful materials or the environment — the highest figure since the series began in 2011! Material handling operations often involve risky conditions for workers.

Material Savings 40

Material Savings Optimal Sourcing Supply Chain Software Supply Chain Planning Software 40

Logility

FEBRUARY 20, 2012

Better demand planning and multi-echelon inventory optimization (MEIO). From a demand planning perspective, companies that do a better job forecasting demand tend to enjoy advantages like: 15% lower inventory levels. During a short product lifecycle, too much inventory creates excessive discounting, obsolescence and write-offs.

Optimal Sourcing 100

Optimal Sourcing Modeling Forecasting Supply and Demand 100

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. In 2011, Yannis Skoufalos became the Global Product Supply Officer at Procter & Gamble. Discontinued in 2011. The supply chain is a complex non-linear system. His focus was cash-to-cash.

Procurement Analytics 332

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 332

Logility

AUGUST 25, 2011

VMI was widely hyped to dramatically reduce inventories, cut costs and improve efficiency across the supply chain. After reasonable fan-fare, these initiatives were more like “moving the inventory burden upstream” than reducing inventory throughout the network. Source: Logility, Inc. Source: Logility, Inc.

Vendor Strategies 100

Vendor Strategies Inventory Reduction Cost Reduction Strategies Logility 100

Material Handling & Logistics

APRIL 2, 2018

Inputs, expressed as supplier deliveries, inventories and imports, were negatively impacted by weather conditions; Asian holidays; lead time extensions; steel and aluminum disruptions across many industries; supplier labor issues; and transportation difficulties due to driver and equipment shortages.

Manufacturing Procurement 57

Manufacturing Procurement Chemicals Currency Electronics 57

RFgen

JULY 13, 2016

The Food Safety Modernization Act enacted in 2011, was the most sweeping food safety regulation to be enacted in over 70 years. If the chain is not diverse it can lead to inventory issues, while supply chains on a larger scale can lead to contamination. Improper packing of products can also cause corruption of the food source.

Food 52

Food Supply Chain Planning Scenario Planning Global 52

RFgen

JULY 13, 2016

The Food Safety Modernization Act enacted in 2011, was the most sweeping food safety regulation to be enacted in over 70 years. If the chain is not diverse it can lead to inventory issues, while supply chains on a larger scale can lead to contamination. Improper packing of products can also cause corruption of the food source.

Food 52

Food Supply Chain Planning Scenario Planning Global 52

Unleashed

MAY 10, 2020

We’ll take a closer look at: Pull inventory systems. Pull inventory systems. A pull inventory system is a Lean approach to reducing waste in any production process. Just-in-time (JIT) is a lean management strategy that minimises the inventory held in order to reduce costs and increase efficiency. What is JIT?

Agile and Lean Supply Chain 72

Agile and Lean Supply Chain Waste Reduction Supply Chain Planning Software Supply Chain Design Software 72

Unleashed

APRIL 1, 2020

Review existing inventory management systems. For a more detailed guide on how to pick the best inventory management software for your business, check out our comprehensive guide. Review existing inventory management systems. Use the downtime to reflect on your inventory management systems and practices.

Material Savings 106

Material Savings Inventory Reduction Inventory Management Software Supply Chain Planning Software 106

Kinaxis

JULY 8, 2015

On the other hand, I have worked with a company that within a few hours after learning about the Japan earthquake and tsunami of 2011, were able to determine the impact of supplier late deliveries and very quickly find alternate sources of supply. How was this done? We answered that question also.

Supply Chain Planning Software 100

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 100

MIT Supply Chain

JULY 10, 2014

In early 2011, Lamynix, a leading manufacturer of specialty laminates, was approached by VideoFlat, one of its major customers, with an enticing contract to buy, at a premium price, a protective film twice as wide as the usual size. But inventory costs money, and higher inventory levels, in turn, increase the final cost for the customer.

Expense Reduction 96

Expense Reduction Inventory Reduction Cost Reduction Strategies Price Reduction 96

MIT Supply Chain

OCTOBER 30, 2014

As the tsunami that devastated parts of Japan in 2011 and dislocated supply chains worldwide underlined, companies need to be better prepared to respond to a widening array of potential disruptions. Details such as parts numbers and the number of components sourced can be retrieved by clicking on a node. A broader view.

Manufacturing Procurement 76

Manufacturing Procurement Supply Chain Software Supply Chain Strategy Procurement Solutions 76

Supply Chain Matters

FEBRUARY 20, 2024

Since 2011, the year the 737 Max was officially announced, Boeing has handed some $68 billion to shareholders in the form of dividends and stock buybacks, according to data compiled by Bloomberg, though it suspended the measures as its financial crisis deepened.

Supply Chain Network Software 52

Supply Chain Network Software System Sourcing Strategies Resource Reduction 52

EMERGE App

APRIL 2, 2019

Then we’ll examine why you need a robust inventory management system behind WooCommerce. We’ll move on to present EMERGE App as an inventory management solution and the benefits of them working together. WooCommerce is an open-source e-commerce plugin for WordPress. What is WooCommerce?

Inventory Management Software 75

Inventory Management Software Inventory Management Procurement Solutions Inventory 75

MIT Supply Chain

APRIL 10, 2013

Reducing inventory is probably the most obvious strategy for liberating these financial resources, particularly for companies that maintain high stock levels. The longer pipeline and corresponding increase in uncertainty require higher inventory volumes, which eats up precious cash reserves. which sells around 40,000 SKUs.

Cost Reduction Strategies 70

Cost Reduction Strategies Purchasing Skills Inventory Reduction Vendor Strategies 70

Infosys Supply Chain Management

APRIL 2, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. One of the biggest time consuming and mundane activities in warehouse management is the pick up of inventory and the appropriate shelving of inventory. Business Process Outsourcing. Customer Service.

Sourcing Strategies 29

Sourcing Strategies Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 29

Supply Chain Game Changer

NOVEMBER 17, 2018

The biggest career transformation for me was after leaving Dell when I joined Lucent in 2002 and entered supply chain in technology sourcing. We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. This was my first foray into the world of supply.

Gartner 74

Gartner Manufacturing Procurement Optimal Sourcing Supply Chain Software 74

Operations and Supply Chain Management

MAY 14, 2014

Relatively few managers have done much to protect their supply chains from critical, costly disruptions, even though they know that disasters like the 2011 Japan tsunami and Thailand floods can hit business for months, a recent MIT Sloan Management Review article notes. Supply Chains Can Be Both Resilient and Cost Efficient.

Sourcing Strategies 40

Sourcing Strategies Cost Reduction Strategies Inventory Reduction Expense Reduction 40

Supply Chain Shaman

JANUARY 18, 2016

When we do these types of analysis, we look back at the data as far as we can reach (Y chart data is available only back to 2006 in a reliable form) and then we look at the period of 2006-2014 and the more recent period of 2011-2014. In parallel, take a closer look at inventory turns where only pharmaceutical companies made slight progress.

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Supply Chain Software Manufacturing Procurement 150

Infosys Supply Chain Management

JANUARY 13, 2014

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Todays WMS is a tightly integrated code between the intrinsic WMS functions like receiving, put away, inventory, picking, packing and shipping, which are the primary functionalities. Business Process Outsourcing.

Supply Chain Planning Software 29

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 29

RFgen

OCTOBER 23, 2016

According to Reuters Africa, Nestle began its coffee operations in South Sudan back in 2011 after the region split from Sudan due to strife relating to oil disputes and ethnic divides. There are both advantages and consequences related to sourcing coffee from these nations. This throws off inventory and ultimately impacts the consumer.

Congo 52

Congo Sudan Supply Chain Software Supply Chain Planning Software 52

RFgen

OCTOBER 23, 2016

According to Reuters Africa, Nestle began its coffee operations in South Sudan back in 2011 after the region split from Sudan due to strife relating to oil disputes and ethnic divides. There are both advantages and consequences related to sourcing coffee from these nations. This throws off inventory and ultimately impacts the consumer.

Congo 52

Congo Sudan Supply Chain Software Supply Chain Planning Software 52

BlueYonder

AUGUST 7, 2014

Vinay Krishna from Cypress Semiconductor shared a compelling story highlighting the key elements of their journey from a not so responsive supply chain in 2011 to a very agile one where they have been able to reduce their lead times from around four weeks to less than four and a half weeks.

Inventory Reduction 56

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Resource Reduction 56

Infosys Supply Chain Management

DECEMBER 29, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. They are order sourcing, order scheduling, order release and finally order shipping & delivery. They are order sourcing, order scheduling, order release and finally order shipping & delivery. Customer Service.

Optimal Sourcing 24

Optimal Sourcing Manufacturing Procurement Inventory Reduction Supply Chain Planning Software 24