Supply Chain Shaman

JULY 22, 2019

It is not as simple as trading-off inventory, cost, and customer service. In the Supply Chains to Admire analysis, the focus is to understand the relative performance of a company within a peer group of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Celebrating Success. Target Setting.

Supply Chain Design Software 248

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 248

Supply Chain Shaman

OCTOBER 25, 2013

It is a quest and the subject of my next book, Metrics That Matter , that will publish in September, 2014. We used the period of 2006 to 2012 to build the model and we used the formula to attempt to predict 2013. And, recently, Procter & Gamble is more focused on improving inventory turns. I shake my head. What did we learn?

Gartner 257

Gartner Supply Chain Strategy Supply Chain Software Supply Chain 257

Supply Chain Shaman

APRIL 25, 2013

The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation. The year 2012 marked the 30th anniversary of the use of supply chain management as a cross-functional process for source, make and deliver in the commercial sector. Definitions.

Supply Chain Design Software 256

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 256

TMC

NOVEMBER 18, 2015

Companies can then prioritize their mitigation efforts based on parameters such as value-at-risk, customer importance, and field inventory. When Cisco saw news of wildfires in Colorado in 2012, it wasn’t concerned, because it had no manufacturing or suppliers in the area. This post is credited to Dr. Yossi Sheffi.

Metrics 67

Metrics Supply Chain Planning Software Forecasting Software Supply Chain Software 67

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. Why do we spend four months doing this?

Supply Chain Design Software 195

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

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

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. Perform Metrics and Measurements. Know Your Product. Eliminate Warehouse Waste.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

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. Perform Metrics and Measurements. Know Your Product. Eliminate Warehouse Waste.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

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 266

Forecasting Supply Chain Planning Software Agile and Lean Supply Chain Forecasting Software 266

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? They did not.

Inventory Reduction 261

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 261

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 194

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 194

Logility

JANUARY 15, 2014

The two companies’ results on operating margin and inventory turns are shown in figure 1. Comparison of Owens Illinois Versus Sonoco Products for the Period of 2000-2012. Owens Illinois is investing 3X more in R&D than Sonoco Products; yet Sonoco products had 5X greater growth with 1/2 the inventory.

S&OP 101

S&OP Illinois Agile and Lean Supply Chain Inventory Reduction 101

Logility

JANUARY 15, 2014

The two companies’ results on operating margin and inventory turns are shown in figure 1. Comparison of Owens Illinois Versus Sonoco Products for the Period of 2000-2012. Owens Illinois is investing 3X more in R&D than Sonoco Products; yet Sonoco products had 5X greater growth with 1/2 the inventory.

S&OP 100

S&OP Illinois Agile and Lean Supply Chain Inventory Reduction 100

3PL Insights

OCTOBER 24, 2017

Amazon is on the forefront of automation in the warehouse , currently using 45,000 Kiva Robots, after purchasing the company Kiva Systems in 2012 (they’re now renamed “Amazon robots”). The information received can be checked for accuracy with the company’s inventory software. This allows for inventory to be viewed in “real time.”.

Warehousing 112

Warehousing Inventory Reduction Predictive Analytics Software Supply Chain Software 112

Supply Chain Shaman

MAY 21, 2013

Be sure to not overlook the inventory carrying costs and the impact of demand latency. Some helpful reports include: Supply Chain Metrics That Matter: The Cash-to-Cash Cycle. Published by Supply Chain Insights in November 2012. Supply Chain Metrics That Matter: A Focus on the Pharmaceutical Industry.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During During the period of 2006-2012, Campbell Soup Company outperformed its peer group on the Supply Chain Index. Resiliency is the tightness of the pattern, or the reliability of operating margin and inventory turns results. Our aim was to maintain a 3 to 3.5

Case Study 285

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 285

Supply Chain Shaman

AUGUST 5, 2015

Overall Results on the Supply Chain Metrics That Matter. These giants drove slight improvements in operating margin, inventory turns and Return on Invested Capital (ROIC) despite a slowing economy. I was challenged on this in 2012 by a client, and it forced me to do deeper research. It is seldom a step change. Who Does the Best?

Agile and Lean Supply Chain 150

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

Logility

JANUARY 16, 2018

I was guilty of this from time to time when I led a demand-planning group because we were evaluated on forecast accuracy as one of our key metrics. “ 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.

Supply and Demand 102

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software 102

Supply Chain Shaman

APRIL 16, 2014

I have taken myself off the road to write the book Metrics That Matter. On the 2nd of April, I sat before a board discussing how a company could exceed expectations in the delivery of Return on Invested Capital (ROIC) and superior operating margins and fail at the delivery of customer service and inventory. It is a slow week.

Supply Chain Design Software 279

Supply Chain Design Software Agile and Lean Supply Chain Modeling Supply Chain Planning Software 279

o9 Solutions

NOVEMBER 21, 2022

The study also tested how bi-directional orchestration versus the more traditional approach of multi-tier inventory optimization could improve LKQ Europe’s inventory buy plan. . Founded in February 2012 by Lora Cecere, Supply Chain Insights LLC is in its tenth year of operation. About Supply Chain Insights.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Europe 52

Tecsys

FEBRUARY 10, 2015

a highly respected information technology research and advisory firm, puts forecast accuracy at the top of its pyramid of supply chain metrics. In a study published in February 2012, Gartner stated that a 6% forecast improvement could improve the perfect order by 10% and deliver a 10-15% reduction in unnecessary inventory.

Forecasting 40

Forecasting Forecasting Software Gartner Inventory Reduction 40

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. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.

Procurement Analytics 320

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 320

Supply Chain Shaman

JULY 8, 2013

In the Supply Chain Metrics that Matter table, we can clearly see that “operating margin” and “inventory turns” matter to public financial performance. Note the trends in operating margins and inventory turns. Each faces four years of deterioration on this important supply chain metric.

Supply and Demand 209

Supply and Demand Demand Planning Software Modeling Supply Chain Planning Software 209

Supply Chain Shaman

JULY 29, 2013

We have been taught, as supply chain leaders, that over the last decade supply chain processes have improved costs, shortened cycle times, improved customer service and decreased inventory. Based on our recent research, we find that only 1% of process-based companies are making progress on both operating margins and inventory.

Supply Chain Planning Software 282

Supply Chain Planning Software Supply Chain Design Software Modeling Analytics Software 282

Logistics Bureau

OCTOBER 9, 2017

To check up on our performance in managing costs, a key performance indicator can be the amount of inventory we have in stock. This is often expressed in the number of days of inventory, or “finished goods turns”, the number of times your inventory is turned over in a year. A Detailed KPI Explanation: Inventory Days.

KPI 40

KPI Supply Chain Planning Supply Chain Metrics 40

Kinaxis

JULY 13, 2018

In 2012, 59 percent of surveyed supply chain leaders answered yes. The chief product supply officer of a large global company encouraged attendees to think in terms of shareholder return, by mapping financial metrics to supply chain operating metrics such as on time in full (OTIF), and inventory turns.

SCM 100

SCM Big Data Predictive Analytics Software Supply Chain Network Software 100

Talking Logistics

JULY 19, 2013

As I’ve commented in previous postings, if you are a 3PL or transportation company and you’re not involved in cross-border shipping with Mexico, then you are missing out on a growing business opportunity (see Reuters article from December 2012).

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 130

6 River Systems

NOVEMBER 11, 2019

General warehouse industry statistics Warehousing costs & revenue statistics Warehouse efficiency statistics Labor statistics in the warehousing industry Automation adoption in the warehousing industry Warehouse performance metrics Warehouse automation stats: General warehouse industry statistics 1. Since 2012, rents have increased by 5.6%

Warehousing 91

Warehousing Supply Chain Software Supply Chain Planning Software Optimization Software 91

Logility

MAY 21, 2012

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? In Dana Stiffler’s words, it’s the tools, the technology companies have in place that can make the difference.

Gartner 100

Gartner Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 100

Logility

MAY 21, 2012

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? In Dana Stiffler’s words, it’s the tools, the technology companies have in place that can make the difference.

Gartner 100

Gartner Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 100

Supply Chain Shaman

AUGUST 14, 2016

In 2012 I built on these concepts to define the market-driven value network. The focus is on channel data: price; inventory positions; and policies. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. (The Market-Driven Processes. Channel Sensing. Order Policy.

Material Savings 178

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 178

Supply Chain Shaman

JUNE 21, 2014

I also think that Quintiq’s leadership in concurrent planning to solve new problems is promising, especially in the design of transportation and inventory flows. Service level is our most important metric. Reliability in both of these metrics is critical. Interview of a Supply Chain Leader: Redesigning for Value.

Case Study 282

Case Study Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 282

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.

Supply Chain Planning Software 150

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

Supply Chain Shaman

FEBRUARY 12, 2017

Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance of BMS and Merck at the Intersection of Inventory Turns and Operating Margin. Orbit Chart for Novo Nordisk at the Intersection of Operating Margin and Inventory Turns for the period of 2006-2015.

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150

Supply Chain Shaman

JUNE 14, 2014

I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter. In Figure 1, I share a composite orbit chart of progress of Cisco Systems, Intel, Samsung and Flextronics on the Effective Frontier at the intersection of inventory turns and operating margin for 2006-2012.

Optimal Sourcing 281

Optimal Sourcing Manufacturing Procurement Procurement Analytics Modeling 281

Arkieva

SEPTEMBER 12, 2016

Drawing from the Supply Chain Insights Cross-Survey Analysis from 2012-2013, Cecere, outlined the key supply chain challenges that companies face as: Ability to access and use Data. Strength – Inventory Turns & Operating Margin Vector Trajectory (30%). Resiliency – Inventory Turns & Operating Margin Mean Distance (30%).

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 60

Freight Plus

NOVEMBER 7, 2019

This popular metric helps buying and finance teams justify capital outlays as they bring on new products and services. in Seattle where he was responsible for inventory and supply chain management. He is a 2012 graduate of Harvard University where he was a four-year member of the football team.

Cost Reduction Strategies 40

Cost Reduction Strategies Supply Chain Planning Software Expense Reduction Supply Chain Software 40