2012 and Inventory - Supply Chain Brief

The role of inventory management and inventory optimization in ERP

SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

Optimal Sourcing

Optimal Sourcing Inventory Management Software Inventory Reduction Modeling

Supply Chain Management – A 2012 Priority

Logility

FEBRUARY 20, 2012

ChainLink Research and SupplyChainBrain just released “ Business Priorities 2012 – Research and Results ” which takes a look at where companies will invest in the coming year. And yet, our respondents do expect business expansion and intend to invest to make it happen in 2012.”

Optimal Sourcing

Optimal Sourcing Material Savings Inventory Reduction Expense Reduction

Save The Supply Chain Leader From Groupthink

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy

When It Comes to Planning, Please Vote with Ike!

Supply Chain Shaman

JUNE 1, 2022

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. The problem is that most of it is the wrong inventory due to planning fallacies.

Supply Chain Planning Software

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning

Supply Chain Performance Declined In the Last Decade. The Question is Why?

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

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement

How Accurate is Your Inventory Visibility? Why Real-Time Visibility Is Vital Across the Supply Chain

EnVista

JUNE 8, 2021

Inventory has far-reaching implications – impacting margins and profitability, fulfillment timeframes and customer service.

Real-time Visibility

Real-time Visibility Inventory Supply and Demand Customer Service

Four Decades of Supply Chain Management

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

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

The Role of Digitisation and Analytics in Supply Chain Resilience

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Digitisation for Optimised Capacity and Inventory Buffers. Traditionally, supply chain profitability has long depended on minimizing surplus due to the cost of capacity and inventory buffers. Inventory buffers encourage adaptability, create agility in the supply chain and allow for better planning.

Analytics Software

Analytics Software Supply Chain Planning Software Supply Chain Software Predictive Analytics

When the Rubber Hits the Road

Supply Chain Shaman

SEPTEMBER 28, 2022

Results in the Automotive Industry for the period of 2012-2021. We find that three factors mattered: organizational alignment, descriptive analytics, and inventory management. Multi-tier inventory management by itself was not sufficient. Characteristics of Who Is Navigating Well? So, you might ask, why?

Manufacturing Procurement

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software

Molex Prizes Agility

Logistics Viewpoints

DECEMBER 5, 2022

Those shipments can move directly to customers or move to several regional distribution centers (DCs) that serve as forward inventory locations and consolidation hubs servicing customers and channel partners. By 2012 they had implemented this multi-enterprise supply chain network (MSCN) solution. That in turn led to a faster go live.

Agile and Lean Supply Chain

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

A New Decade: Give Science A Chance

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

Supply Chain Planning Software Forecasting Forecasting Software Modeling

What is Inventory?

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

Inventory Inventory Management Software Supply Chain Planning Software Inventory Management

Terra’s Forecasting Benchmark Study 2012

Supply Chain Movement

JANUARY 7, 2013

Extreme error is the most costly and disruptive to the supply chain, risking revenue and customer service, and driving large quantities of excess inventory. One third of all forecasted volume is subject to extreme error, where sales exceed or fall short of forecasts by two times or more. SKU rationalization.

Forecasting

Forecasting Benchmarking Forecasting Software Study

Financial Benchmarking for Inventory Turns and Working Capital

Arkieva

APRIL 19, 2016

Using so called orbit charts, we have benchmarked companies on EBIT% versus Inventory Turns. That benchmark helped to reveal the ‘best practice frontier’, which in turn helped in setting aggressive but aligned targets for EBIT% versus Inventory Turns. Benchmarking EBITDA% versus Inventory Turns. It proves to be more resilient.

Benchmarking

Benchmarking Inventory Reduction Inventory Expense Reduction

Recognizing Culture at the 2020 Atlanta Supply Chain Awards

Demand Solutions

MARCH 27, 2020

They're the teams responsible for forecasting inventory requirements, managing inventory replenishment functions and sourcing inventory from suppliers. Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

Atlanta

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy

5 Tips For Successful Inventory Management

RFgen

JULY 19, 2015

Inventory management can be made easier with barcode scanners. Inventory management is one of the most important aspects of having a business. Here are five quick tips for effective inventory management: 1. In 2012, Entrepreneur reported on Village Green Apothecary , an online integrative pharmacy. Know Your Product.

Inventory Management Software

Inventory Management Software Inventory Management Inventory Reduction Inventory

5 Tips For Successful Inventory Management

RFgen

JULY 19, 2015

Inventory management can be made easier with barcode scanners. Inventory management is one of the most important aspects of having a business. Here are five quick tips for effective inventory management: 1. In 2012, Entrepreneur reported on Village Green Apothecary , an online integrative pharmacy. Know Your Product.

Inventory Management Software

Inventory Management Software Inventory Management Inventory Reduction Inventory

Target Hires New Inventory Management Leader to Revamp Supply Chain

RFgen

AUGUST 31, 2016

Specifically, Cook will serve as the senior vice president of global logistics, inventory allocation and replenishment. Specifically, shoppers are increasingly turning to online stores, signaling necessary adjustments to the supply chain, particularly with logistics and inventory management. Why Inventory Management Matters.

Inventory Reduction

Inventory Reduction Inventory Management Software Inventory Management Supply Chain Planning Software

Target Hires New Inventory Management Leader to Revamp Supply Chain

RFgen

AUGUST 31, 2016

Specifically, Cook will serve as the senior vice president of global logistics, inventory allocation and replenishment. Specifically, shoppers are increasingly turning to online stores, signaling necessary adjustments to the supply chain, particularly with logistics and inventory management. Why Inventory Management Matters.

Inventory Reduction

Inventory Reduction Inventory Management Software Inventory Management Supply Chain Planning Software

Mush

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. The metrics of growth, Return on Invested Capital, Inventory Turns and Operating Margin have the highest correlation to market capitalization.

Gartner

Gartner Inventory Reduction Supply Chain Planning Software Pharmaceutical

Overview of published mind maps Supply Chain Movement

Supply Chain Movement

JULY 10, 2014

Since 2012 Supply Chain Movement, in collaboration with partners, creates mind maps with practical Thoughts, Tools, Tips and Ticks. Mind Map for Inventory Management. The mind maps are useful to create an overview when the subject you are dealing with is complex. Usually a mind map has a free format. Mind Map Pharma Supply Chains 2.0.

Pharmaceutical

Pharmaceutical Supply Chain Planning Software Supply Chain Optimization Supply Chain Planning

Who Should Be In The Winner’s Circle?

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

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement

Supply Chain Management:Indicators from the 2012 Holiday Buying.

Infosys Supply Chain Management

DECEMBER 18, 2012

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. On the one hand, Wal-Mart was able to mitigate the availability of certain excess inventory through real-time promotions on Facebook.

Eliminating Excel in Purchasing

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

Supply Chain Management:The Learning from the 2012 Holiday.

Infosys Supply Chain Management

DECEMBER 31, 2012

« Indicators from the 2012 Holiday Buying Period Point to Significant Change and Fulfillment Challenges | Main | Information Driven Innovation in Supply Chain » The Learning from the 2012 Holiday Buying Season: Balanced Investments in Online and Physical Supply Chain Fulfillment Capabilities.

Supply Chain Planning Software

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

The Coffee Pot Conversation That Will Not Happen

Supply Chain Shaman

JUNE 7, 2021

Companies entered the pandemic with twenty more days of inventory than at the beginning of the great recession. A balance sheet analysis shows that 95% of publicly traded manufacturers are stuck (when compared to peer group) at the intersection of growth and margin, margin and inventory turns, and Return on Invested Capital (ROIC) and growth.

Gartner

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

The Machine Learning Trap or How to Tell if You’ve Got the Right Waiter

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

Kai Keppner has written for the All Things Supply Chain Blog (formerly: ISCO Blog) since it was established in 2012 and assumed the role of editor-in-chief in October 2018. He has a strong interest in the topics of Artificial Intelligence, Supply Chain Planning and Inventory Management. MORE FROM THIS EDITION.

How To

How To Supply Chain Software Supply Chain Planning Software Singapore

IBM Beefing Up for Matrix Commerce in 2012

Supply Chain Network

MARCH 2, 2012

The acquisition expands IBM’s cloud-based analytics offerings that provide supply chain intelligence leading to better inventory management and cost efficiencies. “IBM today announced it has completed its acquisition of Emptoris Inc.

Optimal Sourcing

Optimal Sourcing Modeling Negotiating Skills Manufacturing Procurement

One Multinational’s Supply Chain Transformation Journey

Logistics Viewpoints

APRIL 4, 2022

For some customers, they manage the inventory using a vendor managed inventory program. In some case they manage inventory at the customer’s site. “We They built them between 2012 and 2014, and then enhanced them when better supply chain risk management solutions became available. The company has over 300,000 products.

Supply Chain Transformation

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning

Why?

Supply Chain Shaman

JUNE 19, 2013

Early 2012 marked the end of the third decade and 2013 finds us into the fourth. It comes in many flavors–increase in inventory, changes in sales policies, new product lines– all add to the complexity. The only industry that has made progress in inventory management is consumer electronics.

Forecasting

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

The Big Sigh

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. What is the role of the forecast, budget, market data, and inventory in the proposed project? This is post is 502 in a series started in 2012. These modeling concepts were new to him.

Supply Chain Design Software

Supply Chain Design Software Supply Chain Planning Software Modeling Modeling Software

Inflation is Back Up – Are you Ready?

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. It hasn’t been lost here at Herlitz Inventory Management! Since 2009, when Herlitz Inventory Management was founded, annual inflation has been below 3 percent in the US. Bank crisis.

Pricing Training

Pricing Training Purchasing Training Negotiating Skills Inventory Management Software

6 Manufacturing Trends You Need to Know

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

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies

Three Lies and a Truth

Supply Chain Shaman

OCTOBER 20, 2012

Here is the list: Supply chain technology implementations have reduced inventory. Here they are: The Lie of Inventory Reduction. Repeatedly, I heard that supply chain applications have saved costs, reduced inventory and improved customer service. ” I played three lies and a truth with the group. The reason?

Inventory Reduction

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings

Eliminate Waste In Your Warehouse With Mobile Data Collection

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

Waste Reduction Inventory Reduction Cost Reduction Strategies Resource Reduction

Eliminate Waste In Your Warehouse With Mobile Data Collection

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

Waste Reduction Inventory Reduction Cost Reduction Strategies Resource Reduction

Lolli & Pops Implements RELEX’s Supply Chain Planning Solution to Sweeten Their Inventory Planning

RELEX Solutions

SEPTEMBER 6, 2018

RELEX Solutions, provider of unified retail planning solutions, today announced that Lolli & Pops, a rapidly growing retailer offering sweets and treats sourced from around the world both in stores and online, has gone live with RELEX’s supply chain solutions to automate and optimize inventory forecasting and replenishment.

Supply Chain Planning Software

Supply Chain Planning Software Supply Chain Planning Scenario Planning Inventory Reduction

Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

GlobalTranz

MAY 13, 2015

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 The evolution of Walmart’s supply chain includes three elements, according to a 2012 article from Arkansas Business: distribution practices, operating its own fleet of trucks, and technology.

Gartner

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

Judging Supply Chain Improvement: Campbell Soup Case Study

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

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

Supply Chain Management:Infosys team at Pulse 2012 - Day 2

Infosys Supply Chain Management

MARCH 7, 2012

« Leveraging Social Media for Improving Forecast Reliability | Main | Infosys team at Pulse 2012 - Day 3 (Last Day) » Infosys team at Pulse 2012 - Day 2. Universities mainly use Maximo for procurement, inventory, facility management, new project management etc. Posted by: Gopi Krishnan | March 8, 2012 8:10 AM.

Supply Chain Planning Software

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

This Week in Logistics News (November 4-8, 2013)

Talking Logistics

NOVEMBER 8, 2013

NAFTA Trade in August 2013 than in August 2012. percent from last year, which includes contributions from the company’s acquisition of Phoenix International Freight Services in October 2012. percent in the quarter compared to Q3 2012. million for the same period in 2012. Three of Five Modes Carried More U.S.

United Arab Emirates

United Arab Emirates Logistics Network Optimization Software Saudi Arabia Supply Chain Design Software

Silos are Bad for Business

Enterra Insights

SEPTEMBER 13, 2018

Having the right inventory of products in the right location at the right time to meet consumer demands generally means the difference between making a sale and missing out. 3] Pat McLagan, “ Supply Chain Transformation Hits a Brick Wall … ,” SupplyChainBrain , 24 October 2012. [4]

Cost Reduction Strategies

Cost Reduction Strategies Inventory Reduction Omnichannel Supply Chain Software

Who's Really Running Your Retail Operation?

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

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

What About the Supply Chain Index?

Supply Chain Shaman

OCTOBER 25, 2013

We used the period of 2006 to 2012 to build the model and we used the formula to attempt to predict 2013. We have found that nine out of ten organizations are stuck on their ability to make improvements on both operating margin and inventory turns in the same year. The result is outlined in figure 1. Here we share some insights.

Gartner

Gartner Supply Chain Strategy Supply Chain Software Supply Chain

Making Cents Out of Demand Sensing

Logility

JANUARY 16, 2018

“ Gartner reports that the predominant inputs to demand-sensing solutions are daily point-of-sale (POS), customer inventory, transactional data, and order and shipment history. Demand sensing does not help supply planning and has no effect on inventory management. This sounds a lot like the definition for demand planning to me.

Supply and Demand

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software

The role of inventory management and inventory optimization in ERP

Supply Chain Management – A 2012 Priority

Trending Sources

Save The Supply Chain Leader From Groupthink

When It Comes to Planning, Please Vote with Ike!

Supply Chain Performance Declined In the Last Decade. The Question is Why?

How Accurate is Your Inventory Visibility? Why Real-Time Visibility Is Vital Across the Supply Chain

Four Decades of Supply Chain Management

The Role of Digitisation and Analytics in Supply Chain Resilience

When the Rubber Hits the Road

Molex Prizes Agility

A New Decade: Give Science A Chance

What is Inventory?

Terra’s Forecasting Benchmark Study 2012

Financial Benchmarking for Inventory Turns and Working Capital

Recognizing Culture at the 2020 Atlanta Supply Chain Awards

5 Tips For Successful Inventory Management

5 Tips For Successful Inventory Management

Target Hires New Inventory Management Leader to Revamp Supply Chain

Target Hires New Inventory Management Leader to Revamp Supply Chain

Mush

Overview of published mind maps Supply Chain Movement

Who Should Be In The Winner’s Circle?

Supply Chain Management:Indicators from the 2012 Holiday Buying.

Supply Chain Management:The Learning from the 2012 Holiday.

The Coffee Pot Conversation That Will Not Happen

The Machine Learning Trap or How to Tell if You’ve Got the Right Waiter

IBM Beefing Up for Matrix Commerce in 2012

One Multinational’s Supply Chain Transformation Journey

Why?

The Big Sigh

Inflation is Back Up – Are you Ready?

6 Manufacturing Trends You Need to Know

Three Lies and a Truth

Eliminate Waste In Your Warehouse With Mobile Data Collection

Eliminate Waste In Your Warehouse With Mobile Data Collection

Lolli & Pops Implements RELEX’s Supply Chain Planning Solution to Sweeten Their Inventory Planning

Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Management:Infosys team at Pulse 2012 - Day 2

This Week in Logistics News (November 4-8, 2013)

Silos are Bad for Business

Who's Really Running Your Retail Operation?

What About the Supply Chain Index?

Making Cents Out of Demand Sensing

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