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16 Cost Reduction Strategies in Inventory Management

Unleashed

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

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The CPG Supply Chain with Mike Neme

The Logistics of Logistics

Mike started his career with Worldwide Express back in 2014 where from the beginning he realized providing solutions to increase an organization’s profitability and enhance efficiencies was more impactful than trying to win a few loads or be added to a rate list. About Mike Neme. Hook integrates with all the leading ecommerce platforms.

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This Week in Logistics News (July 14-18, 2014)

Talking Logistics

UPS, meanwhile, announced that it has developed “a healthcare-compliant network of Field Stocking Locations (FSLs) to reduce delivery time of medical device shipments and enhance inventory visibility.” And third, how inventory management and enhanced supply chain visibility remain critical elements of a 3PL’s value proposition.

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Collaboration? When It Comes to Cash-to-Cash, We Don’t Know How to Walk the Talk

Supply Chain Shaman

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Inventory. My takeaway?

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New Bookends: The Tale of Supply Chain Global Leaders in Consumer Products

Supply Chain Shaman

The report analyzes supply chain performance and improvement by the Consumer Products Leaders in the period of 2006-2014. In the selection of time frames to analyze, we look at the long-term view including the recessionary period of 2006-2009, the post recessionary period of 2009-2014 and the more recent time period of 2011-2014.

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The Fight of the Titans

Supply Chain Shaman

My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies. Here I show orbit chart comparisons at the intersection of operating margin and inventory turns for the period of 2006-2017. This is especially true for the Titans.

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Don’t Perpetuate the Hoax of the Gartner Top 25

Supply Chain Shaman

Inventory Turns (15%) (based on 2014 results). Growth 10% (Year-over-Year comparison of 2013 versus 2014). The foundation to drive meaningful improvement is reliability in driving results at the intersection of costs, inventory and customer service. Analyst rating 25% (Gartner analysts rank the companies on the list.).

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