Remove 2014 Remove Inventory Remove Sourcing Remove Supply Chain

Your supply chain is costing you money – Reason #6 Not effectively managing inventory.

Kinaxis

by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. How do inventory records get out of alignment?

Innovative Approaches to Supply Chain Risk

Kinaxis

You have a supply chain risk management strategy in place. This key supplier had been identified and sure enough, you have a second source primed and ready to go. We have a problem.” The alternate source uses the same supplier in Taiwan. The problem is most companies are relatively immature when it comes to Supply Chain Risk Management. There is a natural conflict between risk mitigation and supply chain efficiency.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Insights from Ryder Innovate 2014

Talking Logistics

The value of peer-to-peer learning and networking was evident at last month’s Ryder Innovate conference — “an exclusive gathering of senior leaders in transportation, logistics, and supply chain seeking strategic insight, new ideas, and thought leadership to improve their supply chain and fleet operations.” Walmart Supply Chain and Transportation Trends for 2015. Talent Management as the Core of a Supply Chain Strategy.

Your supply chain is costing you money – Reason #7 Making decisions based on bad data (supply chain data accuracy)

Kinaxis

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. Making decisions based on bad data (supply chain data accuracy).

Japan 203

Your supply chain is costing you money – Reason #5 Not having a supply chain risk management process

Kinaxis

by John Westerveld Reason #5: Not having a supply chain risk management process. Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Your supply chain is costing you money – Reason #4 Making key decisions by modelling the supply chain in Excel.

The Next Great Disruption Coming to Supply Chains

Kinaxis

by CJ Wehlage What would you say is the next great disruption coming to our supply chain world? However, there’s one great disruption already occurring, which has yet to truly “touch” supply chain. I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Where is the supply chain nodes?

Supply Chain Planning

LeanCor

Balancing the People, Processes, and Purpose of Supply Chain Planning. To be a leader in supply chain planning is to own a complex system, where you are at the nexus of hundreds, maybe even thousands, of different parties with their own constraints and goals in mind. When engaging in supply chain planning, LeanCor has identified three areas that need to remain in balance: 1) Purpose.

What the Analysts Are Saying About…A&D Supply Chains

Kinaxis

Even if you’re not you should check out Supply Chain Insights, Supply Chain Metrics That Matter. For the past several years, Supply Chain Insights has been delivering this research series. What caught my eye is that for each report, they do a deep dive on a specific industry and use a mix of financial data, survey research results and interactions with their clients to help get a better understanding of various industries’ supply chains.

“Storage Wars” Rescues Supply Chain Ignominy

Kinaxis

And then I realized, these are the same questions I would ask about the ERP system when I led supply chain organizations. My supply chain was made up of 1 st /2 nd /3 rd Tier suppliers, 3PL’s, 4PL’s, distributors and retailers. The end to end network required real time technology, from a single data source that could “ know sooner and act faster ”. by CJ Wehlage. Take a good long look at this picture. That’s my ignominy. That’s my garage.

Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. Supply chain is a very complex world.

Why the supply chain should be more social

The Network Effect

No company has ‘truly’ modeled the full relationship set between how companies interact with other companies upstream and downstream in the supply chain. Even companies who have invested in building an accurate database of their direct suppliers know very little about the next tier of suppliers upstream in the supply chain. “The supply network application of the ESG is thus somewhat similar to how Facebook and LinkedIn model their social networks.”

Noob Guide to Supply Chain Management Definition

Supply Chain Opz

What is the definition of supply chain management? 1) It''s a network Many companies have the department that controls various activities within the supply chain. Supply Chain is actually a "network" consists of many players as below, A generic supply chain structure is as simple as Supplier, Manufacturer, Wholesaler and Retailer (it''s more complex in real world but simple illustration serves the purpose).

Supply Chain Management Services

LeanCor

3 Tips in Choosing Supply Chain Management Services. When sourcing supply chain management services, think about the provider’s approach to people and processes. When a provider is well rounded in its supply chain management services, you’re able to benefit by: • The value and wealth of efficient opportunities in your supply chain. Focus on total logistics cost reduction (transportation, warehousing, and inventory).

3PL 171

This Week in Logistics News (August 4-8, 2014)

Talking Logistics

The bodega and building as it appears today (source: Google Maps). ARI and Fidelitone Logistics Partner to Deliver Unified eCommerce and Supply Chain Solutions. HighJump Software announced enhancements to its Retail Inventory and Point of Sale Management software, RETAIL vantage. Earlier this week, I wrote a post focused on socially-responsible supply chains , and I mentioned the efforts companies are making to discover, report, and eliminate conflict minerals.

The Science of Sustainable Supply Chains (Guest Post by Dara O’Rourke, UC Berkeley)

SCM Research

In his recent Science article, The Science of Sustainable Supply Chains, Dara argues that the field of supply chain management needs to significantly improve and integrate sustainability measurement systems and decision-support tools. The science of sustainability measurement has progressed alongside efforts to advance supply chain traceability, impact assessment, and aggregation of data into sustainability indicators. 2014).

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks.

Global 216

GM Supplier Factory Explosion: Thoughts on Supply Chain Visibility and Responsibility

Talking Logistics

Zhongron supplies aluminum alloy wheel hubs to another company, Citic Dicastal Wheel Manufacturing Co., In a statement on Sunday, GM was quick to note that it did not have a direct relationship with Zhongrong , which it described as a Tier 2 supplier, and added that Tier-1 suppliers such as Dicastal are “required to source from Tier-2 suppliers who must meet both in-country environment and safety standards as well as quality standards.”. and Why Supply Chain Mapping Matters ).

10 Commandments of Inventory Management

Supply Chain Opz

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. Then, this article will show you 10 simple principles that you can use to streamline your inventory management practices right away. Imagine an inventory controller reserves the items but warehouse workers can''t find where they are.

Expert Explains How to Improve Supply Chain Efficiency

Supply Chain Opz

Over the years, supply chain professionals have been trying to improve supply chain efficiency so they can gain an edge over the competitions. Companies seeking to further improve their supply chain efficiency will have to continue fighting their old foe – variability – albeit in a set of new clothes. By reducing lead times due to shorter delivery routes, inventory and waste in the system can be reduced without sacrificing service levels.

How To 196

Q&A on the Supply Chains to Admire

Supply Chain Shaman

Today we published a new report, Supply Chains to Admire. Here we share the answers to the questions that we get the most often about this research: What is the source of data? The data analyzed to compile the Supply Chains to Admire report came from publicly-available information from balance sheets and income statements. We placed them in the industry that they were the most like, e.g., the primary source of revenue. What is the Supply Chain Index?

Lost in Translation-Incorporating Consumer Demand into your Supply Chain

The Network Effect

Her sources of information discussed, among other things, what might theoretically happen if the renminbi were allowed to float – and this is what she wrote in her column. When you think about it, the same thing happens on a daily basis throughout the extended retail supply chain. Through such initiatives as CPFR, trading partners have tried to use aggregate POS and inventory data to try to plan the rest of the supply chain.

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Professionals in supply chain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented. There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept.

The Noob Guide to Supply Chain Definition

Supply Chain Opz

What is the definition of supply chain management? 1) It''s a network Many companies have the department that controls various activities within the supply chain. Supply Chain is actually a "network" consists of many players as below, A generic supply chain structure is as simple as Supplier, Manufacturer, Wholesaler and Retailer (it''s more complex in real world but simple illustration serves the purpose).

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

At Supply Chain Insights , as we combed through over 9000 quantitative responses on supply chain management from business leaders to understand what drives supply chain excellence in preparation for the Supply Chain Insights Global Summit , in the process, we proved Hau Lee’s theorem in the Famous Harvard Business Review Article, “Triple A Supply Chains.” First, great supply chains are agile.

Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

In my work with Supply Chain Insights , I immerse myself in learning. I continually question my long-held beliefs on supply chain excellence. . When readers finish a Supply Chain Shaman blog, I want to drive a set of unique takeaways. Today, I am going to share five insights that I have gleaned from our work on Supply Chain Planning Benchmarking. In most ‘benchmarking activities’, self-reported data is the most common source.

Q&A on the Supply Chains to Admire

Supply Chain Insights

Today we published a new report, Supply Chains to Admire. Here we share the answers to the questions that we get the most often about this research: What is the source of data? The data analyzed to compile the Supply Chains to Admire 2014 report came from publicly-available information from balance sheets and income statements. We placed them in the industry that they were the most like, e.g., the primary source of revenue.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. You can employ countless number of supply chain service providers who will help realized these cost reductions throughout the entire supply chain. The distributor maintains the inventory plan.

The Power of Collaboration within the Lean Supply Chain

LeanCor

By: David Sherman – Manager, Lean Supply Chain Operations. The lean supply chain consists of many moving parts, multiple processes, and countless people. To ensure that each part of the supply chain is functioning properly, each party must utilize high levels of collaboration across all aspects of the organizations. Supply chain collaboration can be effective for all parties involved if approached properly.

Lean 176

How the cloud and counterfeiting are affecting the pharmaceutical supply chain

The Network Effect

Note: This is part of an ongoing series on the top ten trends affecting the pharmaceutical supply chain. Given all the complexities related to regulation, compliance, contract entities, and the global nature of supply chains, pharmaceutical logistics and distribution becomes a critical differentiator, especially so given the multiple changes taking place in the industry. This can result in supply chain efficiencies across the entire supply network.

End to End Supply Chain

LeanCor

A Future State for Your End to End Supply Chain. It may seem like wishful thinking to successfully implement and sustain a supply chain that delivers the highest possible value to the customer at the lowest possible total cost. Here are some key things to consider when developing a future state vision for your end to end supply chain. The Challenge of Applying Lean to the End to End Supply Chain.

Lean 131

All Signs Point to Mexico Playing a Greater Role in Supply Chains

Talking Logistics

For most 3PLs, their customers — across a variety of industries — are growing their presence in Mexico, either manufacturing there or growing their supplier base there, so 3PLs need to align their services and capabilities accordingly to the changing supply chain networks of their customers. They also saw inventory cost reductions of 12% compared to 9% globally and order fill rates move to 77% from 68%. Mexico Back in the Supply Chain Spotlight.

Mexico 176

Mexico Back in the Supply Chain Spotlight

Talking Logistics

A lot of companies set up operations and sourced from Mexico back in the 90s, then the focus shifted to China and other Asian countries, and now Mexico is back in the spotlight. economic recession made companies decrease inventories, which increased their need for speed to market and shorter cash-to-cash cycles. has a surplus of natural gas; it’s a cheap energy source that helps Mexico continue to be competitive. . It seems like we’ve come full circle with Mexico.

Mexico 166

Push vs. Pull in your supply chain…what’s the difference?

The Network Effect

Today‘s supply chains are undergoing significant pressures to become more “demand-driven”. They also lead to other problems like high carrying costs, discounting, disposals, missed sales, weak customer loyalty, shortages, high debt loads, inventory disposals, emergency shipments, rescheduled production and attenuated profits. Only immediate customer requirements are drawn from the protective inventories upstream. Loren Kerns (Flickr).

Can Your Inventory Control System Support Seasonal Demand?

LeanCor

How can companies calculate the right inventory quantity and send it to the right place at the right time with such seasonality involved? Don’t be fooled by the scary mask – it is possible through rigorous supply chain planning, a sufficient inbound and outbound logistics network, and a supporting inventory control system. Here are 3 tips to help you develop an inventory control system based on flow to the customer: 1. Where will you keep the inventory?

System 156

Supply Chain: The True Game of Risk

Supply Chain Shaman

For the supply chain leader it is not a game… The stake is business continuity. Gamers do well in the world of supply chain. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks. The move from global to regional supply chains increased risks. Geopolitical shifts, economic uncertainty and demand/supply volatility are rising. In my life time, supply chains changed.