article thumbnail

A New Decade: Give Science A Chance

Supply Chain Shaman

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Both companies outperformed their peer groups.

article thumbnail

6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Inventory Obsolescence: It Can Get Complicated

ToolsGroup

The knack in today’s innovation economy is to understand how the value of a particular SKU deteriorates or its costs increase so that profit erosion can be factored into inventory optimization calculations. According to Nucleus Research, in its July 2015 Research Note , companies can optimize inventory using the right algorithms.

article thumbnail

This Week in Logistics News (June 22-26, 2015)

Talking Logistics

April 2015 North American Freight Numbers. World trade registers modest growth in first quarter of 2015. April 2015 North American Freight : “U.S.-NAFTA billion in April 2015 as all modes but air carried less U.S.-NAFTA per cent in the first three months of 2015, based on seasonally adjusted data.

article thumbnail

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

One of these concepts that I hear a lot; but see few tangible examples, is the idea of “customer-segmented supply chain.” My journey to understand SanDisk started in June 2015. I had the opportunity to visit with the SanDisk team in July 2015. As supply chain clichés take flight, clients struggle with execution.

article thumbnail

Inventory Replenishment Strategies that Increase Profits

EazyStock

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

article thumbnail

When Old Technology is Cutting Edge: The One-Year Anniversary of ChatGPT and the Benefits of AI in the Supply Chain Industry

Enterra Insights

OpenAI, a UK-based AI research laboratory, was founded in 2015 by Sam Altman and Elon Musk, among other notable tech figures. But here’s the thing: AI has already impacted how we do things, how we interact with one another, and how, for example, we do business. This means that companies can manage inventory much better.