Inventory Management

LeanCor

Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. If we’re going to get inventory into consumer hands the same day they place the order, the inventory has to be 1) available and 2) less than 8 hours away. This requires us to push the boundaries of current inventory management practices, or hold lots of inventory network-wide.

This Week in Logistics News (August 19-23, 2013)

Talking Logistics

I went to Home Depot earlier this week to return a purchase, and the customer in front of me wanted to exchange a defective power tool with the same model, but he couldn’t find any on the shelf even though the store’s inventory system said 5 units were in stock. Manhattan Associates Launches 2013 Inventory Optimization Release. Tweet The post This Week in Logistics News (August 19-23, 2013) appeared first on Talking Logistics with Adrian Gonzalez.

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Top Warehouses in North America 2013

The Logistics of Logistics

In lean consulting, you would often find excess inventory, rework, over processing and other wasteful practices inside a warehouse. The warehouse business is made up of the following 7 service offerings: pick and pack , cross-docking , fulfillment , distribution center management , vendor managed inventory , sub-assembly and site location. The post Top Warehouses in North America 2013 appeared first on The Logistics of Logistics.

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

Talking Logistics

XPO Logistics Announces Third Quarter Earnings 2013. NAFTA Trade in August 2013 than in August 2012. JDA is targeting Grocery, Hardline, and Fashion/Apparel retailers with this solution, which will be generally available December 26, 2013. Robinson and XPO Logistics both announced Q3 2013 financial results this week. percent increase in total revenue and 251 percent increase in gross margin dollars in Q3 2013 compared to the same period last year.

This Week in Logistics News (October 14-18, 2013)

Talking Logistics

Years from now, when we look back at 2013, we might say this was the year where logistics truly became a strategic weapon for companies. Simply put, retailers and others are taking a fresh look at their supply chain networks (and those of their partners) to better balance inventory and transportation costs with service levels that are becoming more stringent. Tweet The post This Week in Logistics News (October 14-18, 2013) appeared first on Talking Logistics with Adrian Gonzalez.

This Week in Logistics News (June 3-7, 2013)

Talking Logistics

In this week’s news… UPS Freight Announces 2013 Rate Adjustment. Cass Freight Index Report for May 2013. The rate adjustment will take effect on June 10, 2013, and applies to minimum charge, less-than-truckload (LTL) and truckload (TL) rates, and accessorial charges.”. In related news, according to the Cass Freight Index Report for May 2013: Freight payments in May were virtually unchanged from April, coming in 2.6 Welcome to June.

This Week in Logistics News (December 9-13, 2013)

Talking Logistics

NAFTA Trade in September 2013 than in September 2012. They have engineered new strategies for jockeying inventory across the country to avoid overstocks and markdowns and to keep customers from defecting to Amazon, a big problem last year. . Tweet The post This Week in Logistics News (December 9-13, 2013) appeared first on Talking Logistics with Adrian Gonzalez. Same-day delivery (or is it shipping?) and global trade dominated the news this week, so let’s take a look.

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This Week in Logistics News (May 13-17, 2013)

Talking Logistics

What I found most interesting, however, was this statistic quoted in the press release: “According to the Pew Internet & American Life Project, as of January 2013, 31 percent of American adults own a tablet computer , up from 25 percent in August 2012 and four percent in 2010.” Tweet The post This Week in Logistics News (May 13-17, 2013) appeared first on Talking Logistics with Adrian Gonzalez.

This Week in Logistics News (July 15-19, 2013)

Talking Logistics

SAP Announces Second Quarter and First Half Results 2013. According to the press release: Oracle In-Memory Consumption-Driven Planning helps organizations understand and respond on a daily basis to true end-customer demand thus helping to reduce bullwhip effect and to improve on-shelf availability and inventory turns. . industrial economy drove revenue and operating profit below expectations [in Q2 2013],” said the company in the press release. “In

This Week in Logistics News (November 11-15, 2013)

Talking Logistics

What I found most interesting, however, was something the company developed three years ago: The foundation [of Gap’s technology-drive strategies] was set three years ago when the company built a search engine that can locate every piece of inventory, which is instrumental in matching the demand with the assortment. Tweet The post This Week in Logistics News (November 11-15, 2013) appeared first on Talking Logistics with Adrian Gonzalez.

This Week in Logistics News (August 5-9, 2013)

Talking Logistics

In technology-related news, Oracle announced the new release of Oracle Retail Allocation that helps retailers “to deliver the right product, in the best assortment, for each location using real-time inventory levels along with sales and planning information.” Meanwhile, Con-way Truckload announced that it is investing $2 million “in three state-of-the-art safety technology systems for all of the 525 new tractors it will take delivery of in 2013.”

This Week in Logistics News (September 23-27, 2013)

Talking Logistics

Adrian Gonzalez (@talkinlogistics) September 24, 2013. Finally, according to a Bloomberg article, it seems like Walmart is having some inventory management issues. inventory growth at Wal-Mart outstripped sales gains in the second quarter at a faster rate than at the retailer’s biggest rivals. Tweet The post This Week in Logistics News (September 23-27, 2013) appeared first on Talking Logistics with Adrian Gonzalez.

CSCO Forum / 3PL Summit 2013

Supply Chain Movement

Date: 12-14 november 2013. Key Topics to be Discussed at the 2013 CSCO Forum. This year’s topics will include: Expand Your Omnichannel Retail Capabilities to Optimize Inventory & Increase Sales – Prepare your business for this retail revolution by improving network efficiency, and collaborating with your distribution partners. Chief Supply Chain Officer Forum/ 3PL Summit. Venue: Steigenberger Airport Hotel, Amsterdam. Organisation: Eyefortransport. URL: [link].

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Ariba: At the Intersection of Social and Business Networks

Talking Logistics

Last week at the Ariba LIVE 2013 conference, I led a discussion session titled “At the Intersection of Social and Business Networks” with about fifty senior executives in supply chain and procurement. Ariba plans to expand into supply chain, logistics, and inventory management processes, with the first solutions coming out in 2014. Why Ariba is looking to expand into supply chain, logistics, and inventory management.

Supply Chain can affect your marriage: Inventory control

Enchange Supply Chain Consultancy

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7 Supply Chain Lessons from Steve Jobs - SupplyChainOpz

Supply Chain Opz

In literal meaning, Jobs eliminated the unnecessary components which led to the reduction of inventory and smoother production process. NAVIGATE. Basics. Case Studies. Graphics. All Posts. About. Copyright. Privacy. Blogroll. 7 Supply Chain Lessons from Steve Jobs. Apple Inc is regarded as the best company in the world for its cutting-edge supply chain management practices. Whats the secret behind its success?

Logistics and Supply Chain Management

LeanCor

The seven types of waste in manufacturing are well known: overproduction, waiting, conveyance, processing, inventory, motion, and correction. Space – in lieu of processing, space becomes a value factor and excessive space for storing inventories is waste. Inventory – at any point in the fulfillment stream. Packaging – the wrong types of goods in the wrong quantities resulting in damages, excessive inventories, and corrections downstream.

Logistics Company

LeanCor

2 Key Inventory Metrics Your Logistics Company Should Be Measuring. ADOH represents how much inventory a process has stored expressed in terms of how many days that process could sustain activity by consuming the stored inventory. Because it is unrealistic to remove all inventory, the goal is to reduce ADOH to minimum levels while sustaining stability of the processes within the supply chain. Most logistics companies measure inventory using inventory turns.

2013 Third-Party Logistics Study

Supply Chain Movement

The success of the third-party logistics industry is evident in the generally high marks given to 3PLs by respondents to a survey as part of the 2013 17th Annual Third Party Logistics Study, which identifies trends and explores how both 3PLs and shippers are using these relationships to improve and enhance their businesses and supply chains. They also report significant savings from logistics cost reductions (15%), inventory cost reductions (8%) and logistics fixed asset reductions (26%).

7 Traits of Great Supply Chain Leader: A Case Study of Tim Cook

Supply Chain Opz

The company held $500 million of inventory which was about 2 months coverage, much more than those of the other technology companies. Cook reduced number of warehouses, from 19 to 9 and slashed inventory level from 2 months to 1 month. By September of 1998, inventory level was down to 6 days. The value of supply chain management as a discipline has gained more and more recognition from the business communities.

Is Apple Supply Chain Really the No. 1? A Case Study

Supply Chain Opz

Inventories can become obsolete or exceed the anticipated demand. Inventory Turnover. Inventory Turnover is a traditional financial measure to determine how efficient company uses its financial resources to create sales, the higher number is the better. Supply chain professionals also use this metric in inventory management function. Generally accepted calculation is [Cost of Goods Sold / Average Inventory]. Inventory Turnover of Amazon vs Apple Inc.

7 Supply Chain Transformations at SAMSUNG

Supply Chain Opz

So they implement a very comprehensive risk management system and their risk mitigation strategies are low inventory level, flexible capacity and redundant suppliers. Today Samsung Electronics has proven to be one of the most successful global brands to follow. In supply chain management context, they has demonstrated the operational excellence that leads them to the supply chain hall of fame. In this article, we will explain to you how they do it.

What Do We Do Now?

Supply Chain Shaman

The research that we are doing strongly supports that companies that are good at planning are better able to balance costs, inventory and customer service. They each believe that they understand “best practices”, but they are unaware of how different their understandings of processes like forecasting, network design, inventory management and sales and operations planning are. Supply chain talent is a growing gap for leaders. The impact is great.

Inventory Optimization Maturity Curve: A Walkthrough

Logility

As I talk to customers and practitioners from all corners of the supply chain world, I find that Inventory Optimization has different meanings between companies, departments and even people within the same organization. It is described as everything from simple inventory management techniques all the way to advanced multi-echelon optimization. Recently I presented at a local APICS event on the Inventory Optimization Maturity Curve.

Why?

Supply Chain Shaman

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. Market-Driven Supply Chain Supply chain excellence inventory market driven profitability supply chain performance

Logistics and Supply Chain

LeanCor

In logistics and supply chain, total lead time is the sum of all processing time, transit time, and time spent as inventory. Raw Material Inventory: The amount of inventory that sits as raw material in front of the manufacturing process, measured in average days on hand (ADOH). Finished-Goods Inventory: The amount of inventory that sits in finished goods (measured in ADOH). Raw Material Inventory ADOH. Finished-Goods Inventory ADOH).

Third Party Logistics

LeanCor

Reduction of inventory levels. 5 Things You Should Expect From Your Third Party Logistics Provider. The new role of the third party logistics provider will not just be to transport and store, but rather to serve as a trusted partner in the lean journey by identifying problems, implementing solutions, and adding value in global and complex supply chains. The relationship with the third party logistics provider needs to move from transactional to one of long term partnership and commitment.

Origin of Logistics & Supply Chain Revealed! - SupplyChainOpz

Supply Chain Opz

Here at resupply points, inventory was stored for up to 8 days. NAVIGATE. Basics. Case Studies. Graphics. All Posts. About. Copyright. Privacy. Blogroll. Origin of Logistics & Supply Chain Revealed! What do we know about "Logistics" and "Supply Chain" to date? The purpose of this article is to shed the new light on this topic, who coined the terms, the true meaning of the terms and its relationship with other disciplines. 1) Current State.

Executive's Guide to Supply Chain Research

Supply Chain Opz

As a matter of fact, there are so many practices invented by practitioners like us that have very strong influences over the academic world, for example, Vendor Managed Inventory, Theory of Constraints, SCOR Model, S&OP or CPFR. Many people think a supply chain research is boring and it is the ivory tower that they don''t need to climb. This article will show you why a research is relevant to you and how to study without damaging your brain! Background What is a research?

Lean Warehousing

LeanCor

It all starts with our inventory strategy, and I can’t stress this enough. All logistics strategies, including transportation and warehousing, begin and end with inventory strategy. And let’s not over complicate inventory strategy. It is essentially the inventory and flow design for each product, or SKU, in your portfolio. Lastly, we focus on the principle of flow—from flow of material and facility layout to flow of information and inventory accuracy.

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Inventory Optimization Maturity Curve: A Walkthrough

Logility

As I talk to customers and practitioners from all corners of the supply chain world, I find that Inventory Optimization has different meanings between companies, departments and even people within the same organization. It is described as everything from simple inventory management techniques all the way to advanced multi-echelon optimization. Recently I presented at a local APICS event on the Inventory Optimization Maturity Curve.

Inventory Optimization Maturity Curve: A Walkthrough

Logility

As I talk to customers and practitioners from all corners of the supply chain world, I find that Inventory Optimization has different meanings between companies, departments and even people within the same organization. It is described as everything from simple inventory management techniques all the way to advanced multi-echelon optimization. Recently I presented at a local APICS event on the Inventory Optimization Maturity Curve.

Be Part of the Solution

Supply Chain Shaman

Align incentives to focus jointly, and across the organization, on revenue, margin, inventory turns, and customer service improvement. Nine out of ten companies are stuck. They are not stuck in a good way like a label to a case. And, it is not in a minor way, like food on a plate that cannot be easily removed for the dishwasher. Instead, they are stuck in a way that cannot easily be undone. It is like gum on your shoe or a car in a snow storm.

Logistics Companies

LeanCor

It contains all the information necessary to make informed decisions about transportation, packaging, inventory, placement, ordering quantities, and handling. It’s the foundation for planning inventory levels, packaging, storage, delivery frequency, routes, cell and equipment layout. Does Your Logistics Company PFEP? Creating standard ordering processes is crucial for a logistics company to provide value to its customer.

Will Arrogance Stunt your Growth?

Supply Chain Shaman

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. Most organizations are stuck on their ability to drive improvements in operating margin and inventory cycles.