Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 369

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 369

Supply Chain Shaman

JULY 12, 2022

Growth agendas with the spiraling demand require cash, supplier shortages necessitate the shortening of payables, and the longer/more variable transport lead times decrease inventory turns increasing the need for cash. In Table 1, we share the overall industry trend. Industry Trend by Year. The answer? The how is tricky.

Supply and Demand 221

Supply and Demand Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 221

Kinaxis

OCTOBER 20, 2014

Reason #6 Not effectively managing inventory. Unfortunately, all the same kinds of things can happen to your supply chain inventory. Except that your inventory costs millions of dollars. Those of you that manage inventories know how hard it can be to get the quantities just right. and it didn’t leak. Getting easier.

Supply Chain Planning Software 257

Supply Chain Planning Software Inventory Reduction Modeling Cost Reduction Strategies 257

Enterra Insights

NOVEMBER 2, 2021

Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to point-of-consumption.’ This could be a replacement for the old term of Production and Inventory Management since it is now included within the broad definition of SCM.”. Footnotes. [1]

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 130

Supply Chain Shaman

DECEMBER 28, 2020

When I started my business in 2012, I frequently wrote about the future using the moniker of Supply Chain 2020. Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. Days of Inventory Comparison. My focus was simple. What can we learn?

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Logistics Viewpoints

DECEMBER 5, 2022

Molex LLC offers more than 100,000 products across a variety of industries. Those industries include data communications, medical, industrial, automotive and consumer electronics. It is part of Koch Industries. By 2012 they had implemented this multi-enterprise supply chain network (MSCN) solution.

Agile and Lean Supply Chain 199

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 199

GlobalTranz

MARCH 18, 2016

Manufacturers are set to invest up to $70 billion in the Industrial Internet of Things ( IIoT ) by 2020, reports John Greenough of Business Insider. Previous Applications of the Industrial Internet of Things in Manufacturing. Previous applications of the IIoT in manufacturing have led to a savings of 12 percent across the industry.

Internet of things 120

Internet of things Manufacturing Procurement Logistics Network Optimization Software Manufacturing 120

Demand Solutions

MARCH 27, 2020

Let me tell you a story about one of our customers: AutomationDirect.com is a well-known distribution company in the industrial automation market who was the first in its industry to sell directly to customers and was the first to offer e-commerce. Organizational Culture Matters to Supply Chain Professionals.

Atlanta 173

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy 173

Supply Chain Shaman

JUNE 7, 2021

AMR Research was an industry analyst firm in Boston. I argued for industry collaboration to define and drive process innovation. Companies entered the pandemic with twenty more days of inventory than at the beginning of the great recession. We don’t have a clear industry definition of supply chain excellence.

Gartner 199

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 199

Supply Chain Movement

JANUARY 7, 2013

The Consumer Packaged Goods (CPG) industry faced another year of challenges from economic turbulence and weak consumer confidence in 2011. Extreme error is the most costly and disruptive to the supply chain, risking revenue and customer service, and driving large quantities of excess inventory. SKU rationalization.

Forecasting 68

Forecasting Benchmarking Forecasting Software Study 68

Supply Chain Shaman

MAY 29, 2014

I just don’t think the comparison of very different industries in a spreadsheet based on growth, inventory values, and Return on Assets (ROA) is meaningful. Take the chemical industry. Over the course of the summer, we will be taking a closer look at industries within each value chain. The reason why?

Gartner 313

Gartner Inventory Reduction Supply Chain Planning Software Pharmaceutical 313

Logistics Bureau

AUGUST 15, 2017

Well, I asked Keiran Hogan one of our inventory management experts, exactly that question! Inventory can best be described as any materials or goods that pass through or are held in your business and are necessary in order to carry out your trade. Inventory Management. There are several parts to inventory management.

Inventory 40

Inventory Inventory Management Software Supply Chain Planning Software Inventory Management 40

Supply Chain Shaman

AUGUST 12, 2020

The research project analyzed 1200 combinations of 180 metrics for four hundred companies for the period of 2010-2012. After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital. In Figure 1, I show the depiction of a model from this work.

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Supply Chain Shaman

AUGUST 12, 2022

He was also unaware of how to measure Forecast Value-Added, the Bullwhip impact and the health of inventory. ” He was using the Gartner Magic Quadrant as a handbook, but did not realize that this framework is devoid of information on fit of the models by industry sector, or size of company. I hope this blog helps. Build Teams.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Modeling Modeling Software 195

Logistics Viewpoints

APRIL 4, 2022

This is a public, multinational providing different types of electronic and machinery products for different industries. Not surprisingly a company this big, delivering different solutions to a variety of industries, has a complex supply chain. For some customers, they manage the inventory using a vendor managed inventory program.

Supply Chain Transformation 196

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 196

Supply Chain Shaman

JUNE 19, 2013

Early 2012 marked the end of the third decade and 2013 finds us into the fourth. Due to improvements in connectivity, 90% of industries have made improvements in productivity (revenue/employee). Due to improvements in connectivity, 90% of industries have made improvements in productivity (revenue/employee). Complexity has Grown.

Forecasting 276

Forecasting Supply Chain Planning Software Agile and Lean Supply Chain Forecasting Software 276

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. We calculate the results based on public data from the period 2012-2021. Industry Bias. Congrats to all.

Supply Chain Design Software 195

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

Supply Chain Movement

JULY 26, 2023

No one knows, but in my discussions, business leaders agree that Artificial Intelligence (AI) is here, and the projected impact on supply chain technology looms large sending the industry into very different gyrations. The industry first started speaking of digital in 2012, but today, it is still an amorphous concept. (My

Optimal Sourcing 78

Optimal Sourcing Supply Chain Planning Software Modeling Modeling Software 78

Supply Chain Shaman

DECEMBER 17, 2018

Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. They saw a steady drop in inventory and reduced working capital by about 50% over the period of 2011-2015. Impact of Demand Sensing on Inventory Levels. A Brief History of IT Investments. Planting the Seeds.

Demand Planning Software 272

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 272

Arena Solutions

APRIL 4, 2023

Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. alone, colleges and universities awarded 83,263 bachelor’s degrees in engineering in 2012, a 37% increase over the 60,605 degrees conferred in 2002. Breaking it down In the U.S.

Manufacturing Procurement 74

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 74

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 264

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 264

ToolsGroup

APRIL 1, 2022

While the industry continues to be rocked by world events, uncertainty has become the new normal. But, before we dig into the data – let’s start on a positive note: Supply Chain Statistics Show Challenges, but the Industry Remains Resilient. Will the supply chain ever catch a break? Material Handling & Logistics ). Consultancy UK).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Infosys Supply Chain Management

NOVEMBER 16, 2012

Industries. Industries. Industrial Manufacturing. Publishing Resources Industries. As was the case last year, the 2012 holiday buying season will be very much about the continued leveraging power of consumers in exercising multi-channel buying preferences and technology-enabled online tools. Contact Us. Automotive.

Eliminating Excel in Purchasing 24

Eliminating Excel in Purchasing Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 24

Infosys Supply Chain Management

DECEMBER 31, 2012

Industries. Industries. Industrial Manufacturing. Publishing Resources Industries. My guest commentary comes at the end of December as the early indicators from the 2012 surge holiday buying period already point to yet another set of significant learning for global retailers. Contact Us. Infosys Labs. Automotive.

Supply Chain Planning Software 24

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 24

Infosys Supply Chain Management

DECEMBER 18, 2012

Industries. Industries. Industrial Manufacturing. Publishing Resources Industries. This commentary is an interim follow-up to this authors previous Infosys Limited guest commentary: Headline for the 2012 Holiday Buying Season- Overcoming the Challenges of Fulfillment Complexity. Contact Us. Infosys Labs.

Eliminating Excel in Purchasing 26

Eliminating Excel in Purchasing Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 26

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. During the period of 2006-2012, Campbell Soup Company outperformed its peer group on the Supply Chain Index.

Case Study 288

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 288

Herlitz Inventory Management

MAY 19, 2017

Herlitz IM deployed the inventory and buying solution in 40 days, which included training the company’s buying team. The short deployment is unheard of in the retail industry, where similar solutions may take months or even years to complete. The solution enables retailers to meet ever-changing customer demands.

Inventory Management Software 40

Inventory Management Software Inventory Management Purchasing Training Buyer Training 40

The Logistics & Supply Chain Management Society

JULY 21, 2020

As an offspring of globalisation, supply chains are focused on optimisation – cost reduction, just-in-time deliveries and tight inventory-to-sales ratios. A pandemic-induced blow finally laid bare the vulnerabilities of the supply chain industry largely premised on lean production principles. Industry 4.0

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Agile and Lean Supply Chain 233

Supply Chain Shaman

OCTOBER 25, 2013

I am searching for something that can be meaningful across industries and across company sizes. We used the period of 2006 to 2012 to build the model and we used the formula to attempt to predict 2013. But, we have failed to build a predictive model for the rest of the industries. The result is outlined in figure 1.

Gartner 258

Gartner Supply Chain Strategy Supply Chain Software Supply Chain 258

Supply Chain Shaman

JULY 22, 2019

Smaller, more agile companies outperform the larger and well-known brands in the retail, beverages, food, and pharmaceutical industry sectors. Industry-by-industry, I compiled data for the period of 2010-2018. The study of improvement and performance for the 535 companies in 26 industries took two months.

Supply Chain Design Software 260

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 260

Supply Chain Shaman

AUGUST 5, 2015

Overall, in the industry, there is more forward momentum in consumer products sector than the food/beverage peer groups. These giants drove slight improvements in operating margin, inventory turns and Return on Invested Capital (ROIC) despite a slowing economy. The industries have different drivers. It is clear.

Agile and Lean Supply Chain 150

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

Demand Solutions

DECEMBER 9, 2014

Any time you see an industry accepting the status quo and displaying hostility to new ideas, you have a recipe for stagnation. She also writes the enterprise software blog Supply Chain Shaman , and she published a book called Bricks Matter in 2012. Yes , in the sense that Lora’s industry analysis is very thorough. Yes and no.

Supply Chain Planning Software 187

Supply Chain Planning Software Supply Chain Planning Supply and Demand Scenario Planning 187

Enterra Insights

SEPTEMBER 13, 2018

This can be difficult for enterprises operating with structures better suited for the Industrial Age than the Information Age. Among the most deleterious characteristics of Industrial Age enterprises are siloed data and information. ” Supply Chain Shaman , 25 July 2012. [5]

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Omnichannel Supply Chain Software 100

ModusLink Corporation

MARCH 9, 2022

Traditionally, inventory counts were a complex exercise done manually about once a year but RFDI technology enables retailers such as Macy’s to monitor stock monthly bringing accuracy from 60% to over 90%. 2012, July 16). The technology is optimal to track products that are in transit (Fedex, 2020). BioSpectrum. Retrieved from [link].

Internet of things 78

Internet of things Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 78

RFgen

MAY 2, 2019

Mobile data collection can help companies better manage their inventories to eliminate excess. When workers are using mobile technology connected to the enterprise resource planning software used by a company, this can cut down on the amount of time spent between inventory control and other business operations. Reduce Excess Inventory.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Strategies Resource Reduction 52

RFgen

MAY 2, 2019

Mobile data collection can help companies better manage their inventories to eliminate excess. When workers are using mobile technology connected to the enterprise resource planning software used by a company, this can cut down on the amount of time spent between inventory control and other business operations. Reduce Excess Inventory.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Strategies Resource Reduction 52

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