Announcing the Supply Chains to Admire 2015

Supply Chain Shaman

Tomorrow, I present the Supply Chains To Admire 2015 Analysis at the Supply Chain Insights Global Summit in Scottsdale, AZ. At the event, we will also announce the winners of the Supply Chains to Admire methodology for 2015. In our analysis of the 2015 Supply Chains to Admire work, we analyzed 320 companies in 23 industries on growth, operating margin, inventory turns and Return on Invested Capital (ROIC) for the time period of 2006-2014.

NRF 2015: Big Data, Inventory Centralization, and the Cloud

Logistics Viewpoints

Business Intelligence Cloud/Software-as-a-Service Inventory Management Omni-channel logistics Replenishment Retail Supply Chain Planning Another year, another NRF Big Show in the books. Not surprisingly, the typical buzz words were thrown around a lot again this year – omni-channel, integration, mobile, etc. But there were three main themes that popped up in just about every meeting I sat through, and I could hear people talking about them as they […].

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Lean Inventory: Using Lean Initiatives To Manage Inventory

Cerasis

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Flow: Understand how inventory flows in your warehouse and apply Lean principle: 5S to clear any obstacles that do not add up.

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Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. In business there are many drivers of inventory, and the management of inventory levels requires discipline and a cross-functional focus. What Drives Inventory Effectiveness?

Inventory Management: Technology Enablers

Kinaxis

by Andrew Dunbar The modern day inventory manager described in this series is the backbone of your company’s inventory planning process. She has a strong understanding of supply chain fundamentals and is an expert at controlling the key levers impacting the inventory company’s investment in inventory. It should be up-to-date (daily at a minimum), and include all the input data required to make your inventory planning decisions.

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. Inventory is the culmination of many business decisions. The Inventory Management Journey.

The Future of Inventory Management

Kinaxis

by Andrew Dunbar This post concludes my inventory management blog series. Throughout this series I’ve proposed an elevated role for the inventory manager that challenges the assumption that an inventory manager is a victim of his colleagues’ business decisions and plays only a limited role in formulating inventory results. Inventory management is not a stand-alone business process that occurs after other processes are complete. General News Inventory managemen

Using Inventory Modeling to Develop a Holistic Inventory Strategy

Logistics Viewpoints

Top supply chain officers across the industry were recently surveyed¹ on their biggest barriers to effective inventory management. It’s no wonder: often inventory placement decisions are made in a vacuum without considering the end-to-end supply chain impact. How do you predict how much inventory to build when you can’t […]. Their top two responses were “Can’t Optimize Network Holistically” and “Demand Volatility”.

Inventory Metrics: From Insight to Action

Kinaxis

by Andrew Dunbar Over the last several weeks, this blog series on Inventory Management has explored the objectives and roles of inventory managers and outlined several of the improvement levers available to them. This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory.

Improving the Transportation Solve: Jointly Optimizing across Inventory and Transportation

Logistics Viewpoints

Food & Beverage Industry Inventory Management Logistics Outsourcing Supply Chain Optimization Transportation Management Systems inventory Mananged Transportation optimization TMSWhen a company is looking to reduce their freight spend, while maintaining or improving service levels, there are two main paths they can take. They can buy and implement a transportation management system (TMS).

Inventory Management Levers – Success Through Collaboration

Kinaxis

by Andrew Dunbar So you’re an inventory manager, and your CFO just asked you to reduce inventory by 10% before year end to free up some capital for next year’s big investment in R&D. But then you look at historical trends and see that lately, your inventory has been growing by 3% each quarter. Below are five levers that I believe should be available to an inventory manager to help them effectively plan and manage inventory.

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. But correctly modeling inventory obsolescence is important. Supply Chain Planning Inventory Optimization

When is Inventory Too “Lean”? Finding the Right Balance

ToolsGroup

But we have also seen companies misinterpret the lean message when it comes to inventory. It's good to trim bloated inventory and free up working capital. But with today’s volatile demand (especially in omni-channel environments), a delivery model that doesn’t have an inventory buffer can turn out to be “just not in time.”. And we especially don’t want an environment where a shift in demand or a contraction in the business cycle leads to eating huge inventory losses.

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Is Poor Inventory Performance Holding You Back?

Kinaxis

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ The authors, Anandhi Narayanan, Senior Manager, Advanced Customer Solutions, Charles Thomas, Director, IT Customer Solutions, Stacey Greene, Director of Inventory Optimization and Robert Rejano, Processes and Applications Advisor, all with Celestica, describe the critical steps needed to drive inventory performance improvements.

Top Talking Logistics Posts & Episodes (Q2 2015)

Talking Logistics

We’re more than halfway through 2015 and many companies are already planning for 2016. In case you missed them the first time around or want to read/view them again, check out the top posts and episodes below from Q2 2015 (see HERE for the top posts and episodes from Q1). Taking a Holistic View on Inventory May Lead to Change in Strategy. The post Top Talking Logistics Posts & Episodes (Q2 2015) appeared first on Talking Logistics with Adrian Gonzalez.

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Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. Staying Strategic in the Warehouse with Better Inventory Flow. Throughout the entire order fulfillment process, companies have a duty to ensure optimum warehouse efficiency by appropriately controlling inventory flow. Warehouses should also consider implementing these best practices to ensure effective warehouse management and maintain control and flow of inventory.

6 Questions To Ask 3rd Party Logistics Companies for 2015 and Beyond

Cerasis

Fortunately, selecting a 3PL for 2015 and beyond can be broken down into six specific questions. Companies based on assets have had years of experience in purchasing trucks and managing warehouse inventories. The ever-changing demands of the market and consumers result in a forecast for determining inventory needs.

Five Types of Inventory Optimization You Should Know

ToolsGroup

Inventory configuration is usually the predominant issue in most manufacturing environments. Inventory policy is usually the predominant issue in most distribution environments. Here are five types of inventory optimization that you should be aware of if you are considering an optimization solution. Inventory Configuration addresses the issue of in what form should I hold my inventory; as raw material, finished goods, or something in between?

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model. We never ran out of or had too much inventory.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor’s inventory levels. The distributor maintains the inventory plan.

3 reasons why multinationals are still struggling with inventory

Enchange Supply Chain Consultancy

Inventory Management Michael Thompson Integrated Planning supply chain analyticsLast week I had another chat with a client about inventory.The essence of the client's problem was - "Why can't we get our stock right? We either have too much …. or run out … and we have just spent a fortune on a new IT system ….".

5 Third Party Logistics Trends in 2015

PLS Logistics

New technologies and new demands made 2015 a year of change for 3PLs. Here’s an overview of the top trends we saw from 3PLs in 2015: Implementing New Services. In 2015, 3PLs helped shippers prepare for the demands of an omni-channel supply chain. These services are typically designed through advanced transportation management systems (TMS) for detailed product tracking, inventory management and historical data analysis.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

My journey to understand SanDisk started in June 2015. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. Founded in 1988 in Milpitas, California, SanDisk is publicly traded on NASDAQ with 8,600 employees globally, and market capitalization in 2015 over $13B. I had the opportunity to visit with the SanDisk team in July 2015.

5 Global Transportation Themes to Look Out for in 2015

Talking Logistics

Here are five to look for in 2015. End-to-end supply chain visibility at the item level leads to a better picture of where inventory is. In 2015, if a shipper has 16 business units integrating with the same carrier, they should no longer operate as separate units but as one pooled resource to improve overall buying power and leverage. This opens the door to broader, more strategic programs coupling inventory management and in-transit inventory with on-hand inventory.

Are you getting the most out of your inventory management process?

Kinaxis

by Andrew Dunbar Inventory is often the single largest asset on a company’s balance sheet and your inventory management process can have a huge impact on your organization’s bottom line. Understandably, the inventory management process is getting a lot of attention by organizations looking to squeeze out some extra profit in a challenging marketplace. When you think about the priorities of your inventory management process, what’s the first thing that comes to mind?

Taking a Holistic View on Inventory May Lead to Change in Strategy

Talking Logistics

Inventory optimization has always been a challenge while designing and planning a supply chain. A variety of barriers can impact an effective inventory strategy, such as working in functional silos and demand/supplier volatility¹. The good thing is that companies are beginning to appreciate the importance of inventory form and function instead of narrowing it down to just setting optimal safety stock targets. Asking the Right Inventory Questions.

Is your inventory manager a firefighter or an air traffic controller?

Kinaxis

by Andrew Dunbar This is the second blog in my series on Inventory Management. You can find the first one ‘ Are you getting the most out of your inventory management process? Managing inventory can be a challenging job! Inventory managers have to balance multiple conflicting priorities, support multiple internal and external customers, and are typically responsible for millions of dollars spread across multiple sites. Who manages inventory at your company?

Insights from Kenco Customer Summit 2015

Talking Logistics

This reminded me of what Howard Schultz, the CEO of Starbucks, said at the 2015 Council of Supply Chain Management Professionals (CSCMP) Annual Conference: “Contrary to what many people believe, investing in employees is not dilutive to a company’s financial results and shareholder value — it’s actually accretive.”. The post Insights from Kenco Customer Summit 2015 appeared first on Talking Logistics with Adrian Gonzalez.

This Week in Logistics News (August 3-7, 2015)

Talking Logistics

XPO Logistics Announces Second Quarter 2015 Results. Our ability to expand same-day delivery is rooted in local merchandise inventories at Macy’s stores, as well as a newly expanded delivery footprint of our partners at Deliv [emphasis mine].”. But the ripple effect of same-day delivery on inventory management, store operations, and IT is anything but trivial. The post This Week in Logistics News (August 3-7, 2015) appeared first on Talking Logistics with Adrian Gonzalez.

LogiMed 2015

Supply Chain Movement

LogiMed 2015. Date: 17-19 November 2015. Learn how to achieve operational excellence, lean out your supply chain, improve inventory management, enhance visibility and much more to achieve operational success in EMEA and globally. Venue: Novotel Amsterdam City, Amsterdam (NL). Organisation: WBR. URL: logimedeu.wbresearch.com.

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This Week in Logistics News (May 11-15, 2015)

Talking Logistics

March 2015 Freight Transportation Services Index (TSI). Cass Freight Index – April 2015. Here’s the abstract: This disclosure describes an unmanned aerial vehicle (“UAV”) configured to autonomously deliver items of inventory to various destinations. The post This Week in Logistics News (May 11-15, 2015) appeared first on Talking Logistics with Adrian Gonzalez.

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This Week in Logistics News (March 9-13, 2015)

Talking Logistics

Here’s the news that caught my attention this week: January 2015 Freight Transportation Services Index (TSI). Cass Freight Index – February 2015. business inventories flat, inventory-to-sales ratio highest since 2009 (Reuters). Institute for Supply Management data indicated that growth in production, orders, and inventory slowed in January…January 2015 freight shipments were up 5.6 Our snowman passed away on Wednesday from Warm Air Syndrome.

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Edgar Beers from Vanderlande named as Supply Chain Professional 2015

Supply Chain Movement

The Director Global Supply Chain & CPO of Vanderlande Industries fought off the two other formidable finalists, Edith van Erp-Slot (Mars Nederland) and Peter Meyer (Brezan Automaterialen), to clinch the title of Supply Chain Professional of the Year 2015 on Wednesday 10 June 2015. He expressed his thanks for the trust placed in him as Supply Chain Professional 2015, saying: “I will try my hardest to do justice to this role.”. The 2015 finalists.

1 Inventory Optimisation Success Story

Enchange Supply Chain Consultancy

In my last two blogs I offered three reasons why multinationals are still struggling with inventory optimisation. This is da story of how one organisation managed to turn around decades of frustration trying to optimise their inventory. Michael Thompson Inventory Management & Stock Control Supply Chain AnalyticsI also suggested t wo issues that needed to be addressed before this process can commence.

3PL Subway 2015: Strategic movements among logistics providers

Supply Chain Movement

SCM 3PL Subway 2015. The 2015 Annual Third Party Logistics Study also reveals that both sides regard themselves as being successful, and shippers are seeing positive results again this year: an average logistics cost reduction of 9%, an average inventory cost reduction of 5% and an average fixed logistics cost reduction of 15%. Following UPS’s failure to do so in 2013, FedEx succeeded in acquiring TNT in April 2015 in order to expand its European footprint.

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