Why Have We Not Reduced Inventory?

Supply Chain Shaman

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. Have the early adopters of inventory optimization seen a reduction in inventory on their balance sheets?”

Supply Chain Management – A 2012 Priority

Logility

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. AberdeenGroup Report: Inventory Optimization - Impact of a Multi-Echelon Approach.

Three Lies and a Truth

Supply Chain Shaman

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.

Yes, I am a Zealot. I Still Believe. Do You?

Supply Chain Shaman

Most companies have made their own organizations more efficient (ROA), but they have not reduced inventories and they have pushed costs back in the supply chain on suppliers that are less able to bear them. I take supply chain seriously. My friends might tell you TOO seriously.

Three Rules of Inventory

Logility

Bryan Ball, vice president and principal analyst, supply chain management, Aberdeen Group, has outlined three rules to follow in his latest report, “ Inventory Optimization - Impact of a Multi-Echelon Approach.”

Three Rules of Inventory

Logility

Bryan Ball, vice president and principal analyst, supply chain management, Aberdeen Group, has outlined three rules to follow in his latest report, “ Inventory Optimization - Impact of a Multi-Echelon Approach.”

Not So Hidden Inventory

Logility

Recently, we were asked by the management of a manufacturer to help them assess why inventory levels were so high and trending upward. We went to the manufacturing plant to survey the scene, to see if we could determine the root cause of their inventory problem. Where was the inventory?

Get Smarter - Inventory Optimization

Logility

Increase inventory turns. You could increase inventory to get you to the high 90s. You can decrease inventory to improve turns and obsolescence but then you sacrifice service. Optimize inventory on multiple levels. Analyze inventory based on form and function.

Ask the Expert: Three Questions on Inventory Optimization for Sean Willems Ph.D.

Logility

Interest in inventory optimization continues to increase as companies seek a more efficient way to reduce excess inventory while maintaining or improving customer service levels. What’s the most common misperception C-Level execs have regarding inventory optimization?

Video Podcast: Starting the Inventory Optimization Journey

Logility

One of our resident inventory optimization experts, Chris Russell, recently spoke with Greg Novitsky, global supply chain analyst at Celanese about the journey to optimize inventory.

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Video Podcast: Starting the Inventory Optimization Journey

Logility

One of our resident inventory optimization experts, Chris Russell, recently spoke with Greg Novitsky, global supply chain analyst at Celanese about the journey to optimize inventory.

Video 130

Get Smarter - Inventory Optimization

Logility

Increase inventory turns. You could increase inventory to get you to the high 90s. You can decrease inventory to improve turns and obsolescence but then you sacrifice service. Optimize inventory on multiple levels. Analyze inventory based on form and function. Related Content: White Paper: 6 Keys to Exceeding Expectations with Inventory Optimization Initiatives. Webcast: Is Your Inventory A Competitive Advantage?

Ask the Expert: Three Questions on Inventory Optimization for Sean Willems Ph.D.

Logility

Interest in inventory optimization continues to increase as companies seek a more efficient way to reduce excess inventory while maintaining or improving customer service levels. What’s the most common misperception C-Level execs have regarding inventory optimization?

Like A Green Lump of Clay….

Supply Chain Shaman

Q: Is it only inventory disrupting the agility resulting from inaccurate forecasts by S&OP? There are seven primary agility levers: Analysis of Form and Function of Inventory: Form of inventory is the decision of what form to hold the inventory in: raw material, semi-finished good or finished good. The less conversion of materials in the inventory strategy, the greater the flexibility of the supply chain. My iphone buzzed on my nightstand. I groaned.

IBM Beefing Up for Matrix Commerce in 2012

Supply Chain Network

The acquisition expands IBM’s cloud-based analytics offerings that provide supply chain intelligence leading to better inventory management and cost efficiencies. In the past two months, IBM has made three strategic moves that bolster its SmarterCommerce portfolio. Acquisitions of Emptoris and Demandtec expanded sourcing and pricing portfolios while the new version of IBM ILOG LogicNet Plus XE further enhances supply chain network capabilities.

Multi-Echelon Inventory Optimization and Network Design - Differences?

Logility

Any time you want to optimize across an enterprise, whether it is inventory or product flows, you need to represent a logical representation of the supply chain. This brings us full circle to what the difference is between multi-echelon inventory optimization (MEIO) and network design. Network design optimizes the network and uses inventory policy as a constraint. Inventory optimization applications solve a real-world detailed inventory policy and deployment problem.

Understanding Lean and the 8 Wastes

The Logistics of Logistics

Producing earlier or more than is needed generates other wastes, such as overstaffing, storage, and transportation costs because of excess inventory. Inventory can be physical inventory or a queue of information. Excess Inventory. Also, extra inventory hides problems such as production imbalances, late deliveries from suppliers, defects, equipment downtime, and long setup times.

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Supply Chain Congratulations in Order!

Logility

This year’s 2012 Sailing to New Heights with Logility Award was presented to KGP Logistics, one of the country's largest single-source value-added suppliers of supply chain services, communications equipment and integrated solutions to the telecommunications industry.

Do Wholesale Distributors Think in Terms of Supply Chain Optimization?

Logility

As consolidators, they represent multiple, sometimes competing suppliers, placing the manufacturer’s inventory closer to consumption for faster delivery, and some provide a local contact for technical product information, repair and customer service.

Multi-Echelon Inventory Optimization and Network Design - Differences?

Logility

Any time you want to optimize across an enterprise, whether it is inventory or product flows, you need to represent a logical representation of the supply chain. This brings us full circle to what the difference is between multi-echelon inventory optimization (MEIO) and network design. Network design optimizes the network and uses inventory policy as a constraint. Inventory optimization applications solve a real-world detailed inventory policy and deployment problem.

Who said supply chains are boring?: Disney 'Imagineers' a Supply.

Supply Chains Rock

Thursday, July 12, 2012. ” The Utilidor feeds goods to the parks attractions surreptitiously and is stocked with a three day supply of inventory at all times to ensure all merchandise is there when needed. Who said supply chains are boring? Whenever I tell a friend, colleague or family member about my job as soon as the words "supply chain" are muttered I immediately see glassy eyes followed by a yawn or two.

Who said supply chains are boring?: Introducing the 10PL

Supply Chains Rock

Tuesday, April 03, 2012. After integrating a few services like freight forwarding, warehousing, inventory management and IT, these “alleged” logistics providers stopped there. Who said supply chains are boring?

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How many items should a planner plan?

Logility

He asked them “How much inventory should I position in the DC?” This sounds a bit like the old tongue twister ‘how much wood could a woodchuck chuck if a woodchuck could chuck wood?’

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The CFO and the Supply Chain

Logility

In speaking with many CFOs, one of the greatest risk to their businesses is inventory. Jean will share how Haggar Clothing synchronizes its inventory investments with customer service goals to find the sweet spot that maximizes revenue and minimizes inventory risk.

Consumer Goods Technology Releases List of Top Supply Chain Companies

Logility

Consumer Goods Technology recently released its 2012 Consumer Goods Technology Reader’s Choice survey results. White Paper: Five Inventory Core Competencies That Can Make or Break Your Competitive Advantage.

Why the CMO Needs to Bond with the Chief Supply Chain Officer (CSCO)

Supply Chain Network

The most interesting thing is real near term adjustments to inventory. 2012 ACI Ltd. As the world of commerce continues to become more complex, volatile and socially transparent the need for a strong linkage between the CMO and the Chief Supply Chain Officer (CSCO) grows.

An Executive Q&A – Challenges of a Private Label Manufacturer

Logility

For example, before we implemented Logility Voyager Solutions, we just couldn’t keep up with the rapid pace of market changes and we were carrying too much inventory dedicated to a specific channel.

Gartner: The Supply Chain is Getting Harder

Logility

That was the question Michael Uskert, managing vice president, Gartner, asked at the end of the day 1 keynote at Gartner’s 2012 Supply Chain Executive Conference. What is your moon?

Managing a Third Party Logistics Partnership

The Logistics of Logistics

When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL. This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months. If you do not want to start at the 3PL as a contact customer with a SLA/KPIs, you can ship your goods and become a public account.

Ask the Expert: Supply Chain Innovation – Don’t Chase the Shiny Object

Logility

By replacing inventory with information and leveraging people, process and the latest proven technology we can solve supply chain’s most complex challenges more quickly. Innovation is a term we hear often, especially in the world of software development. But what does it mean?

Ask the Expert: Supply Chain Innovation – Don’t Chase the Shiny Object

Logility

By replacing inventory with information and leveraging people, process and the latest proven technology we can solve supply chain’s most complex challenges more quickly. Innovation is a term we hear often, especially in the world of software development. But what does it mean?

How many items should a planner plan?

Logility

He asked them “How much inventory should I position in the DC?” This sounds a bit like the old tongue twister ‘how much wood could a woodchuck chuck if a woodchuck could chuck wood?’

DC 130

How many items should a planner plan?

Logility

He asked them “How much inventory should I position in the DC?” This sounds a bit like the old tongue twister ‘how much wood could a woodchuck chuck if a woodchuck could chuck wood?’

DC 130

Supply Chain Urgency and Economic Fear, Cycles Really

Logility

Some of these decisions are knee-jerk reactions aiming to slash costs, like laying off employees and dramatically reducing inventory. Why are phrases such as “especially in the current economy” so in vogue in everything from analyst research to white papers and presentations?

Supply Chain Urgency and Economic Fear, Cycles Really

Logility

Some of these decisions are knee-jerk reactions aiming to slash costs, like laying off employees and dramatically reducing inventory. Why are phrases such as “especially in the current economy” so in vogue in everything from analyst research to white papers and presentations?