Manufacturing Day 2017: [Infographic] The Evolution of Inventory Management Strategies

Arkieva

When you talk to any manufacturer no matter how large or small about their concerns, improved inventory management is bound to be a part of the conversation. To celebrate manufacturing day today, we thought it would be beneficial to take a closer look at how inventory strategy keeps evolving using an infographic from Arkieva based on research conducted by Aberdeen.

6 Recent Trends in Manufacturing Technology to Increase Agile Responsiveness, Continuous Improvement & Customization

Cerasis

A Quick Recap of Recent Trends in Manufacturing Technology to Think About 2017. Although apps and smart devices will make an impact in manufacturing technologies this year, a few other recent trends in manufacturing technology will dramatically redefine industry standards.

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

Although rate volatility is expected to stabilize in 2017, organizations must do more with fewer resources to survive. From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers.

Trends 294

Trends In Manufacturing: 5 Tangible Technologies are Shaping the Future of Manufacturing Now

Cerasis

Continuous improvement is part of the game in manufacturing. Among the new trends in manufacturing improving the industry, additive manufacturing and cloud-based systems will push manufacturing forward in 2017. In fact, rapid design and lightning-fast prototyping, reports Mark Dohnalek of Manufacturing Business Technology magazine , will allow manufacturers to design and produce products in a few days, if not hours. Manufacturing

The Top 10 Supply Chain Blog Posts from 2017

Cerasis

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. These will only contain posts written in 2017.

The Top 10 Logistics Blog Posts from 2017

Cerasis

Today is day three of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation , Freight. These will only contain posts written in 2017. The Top 10 Logistics Blog Posts from 2017.

Why OEMs Partnering With Reputable Suppliers Deliver a Desired Product

Cerasis

Unfortunately, the market has now become saturated with sub-par manufacturers and fly-by-night suppliers. OEMs Need a Manufacturer With a Proven Record of Delivery on Speed, Price, and Quality. Partnerships also open the door for collaboration between OEMs and lighting manufacturers.

RFID and IoT Providing Double Benefits for Automotive Manufacturers

Cerasis

RFID, which usually comes in the form of a miniscule chip that utilizes radio waves in the identification and tracking of specific people, objects, tools or vehicles, offers a number of benefits to the manufacturing industry in general. This technology is able to bolster supply chain and inventory management by using a digital database of raw materials, finished goods, and current production cycles. RFID and IoT Providing Double Benefits for Automotive Manufacturers.

This Week in Logistics News (October 23-27, 2017)

Talking Logistics

Ryder Reports Third Quarter 2017 Results. Prime members can pre-order the Amazon Key In-Home Kit, which includes Amazon Cloud Cam and one of several compatible smart locks by leading lock manufacturers Yale and Kwikset.

Why inventory management should be a company-wide conversation

Kinaxis

by Alexa Cheater Don’t get caught having your company’s inventory management conversation alone! Re-evaluating your inventory management practices can help you overcome rising supply chain costs, increasing customer demand and the growing complexity of global operations.

Where Does Supply Chain Design End and Planning Begin? (Takeaways from LLamasoft’s SummerCon 2017 Conference)

Talking Logistics

The answers were revealed at the SummerCon 2017 conference a couple of weeks ago where LLamasoft introduced “Planning by Design” and SupplyChainPlanning.com, which the company describes as “building blocks to improve your current planning capabilities through design technology.”.

Taming the Long Tail of Inventory

Logility

Well to my surprise, I fired up the Google machine and, using the manufacturer and model number, I quickly found a company that specializes in providing genuine obscure OEM parts. Long-tail inventory strategies concentrate on managing the B, C, D, etc.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017

Cerasis

2017 will not be a bed of roses for third party logistics service providers, nor will the coming year be filled with thorns in the sides of major supply chain entities. By understanding how the industry will evolve throughout 2017, you can prepare your organization for the challenges and opportunities that will come. Online sales grew 12 percent in 2016, and growth is forecasted for 2017, reports Ludger Schuh of the Inventory and Supply Chain Blog.

Inventory Checks Powered By Drones

Talking Logistics

Drones are enabling organizations to use employees more efficiently and improve inventory accuracy in a world where consumers want everything cheap and now. Every company on the planet that has a significant supply chain operation is plagued by inventory reconciliation problems.

This Week in Logistics News (January 30 – February 3, 2017)

Talking Logistics

A human operator loads the tray with an inventory item (for example a coffee mug) that is to be grasped by the robotic arm and moved into the appropriate box from a group of boxes that are awaiting ordered items for shipment to customers. Toothy. Flossy. Sparkles.

Real-Time Inventory Management: 5 Ways Advanced Computer Analytics Will Transform Traditional Inventory Management

Cerasis

Manufacturers have always struggled to obtain the most accurate inventory levels possible. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. In our predictions’ blog post from earlier this year, we noted how customization will begin to replace traditional inventory management, and essentially, customization goes back to using computer analytics to generate a more accurate, successful view of inventory management.

Outsourcing Technology to 3PLs: 9 Reasons Why Manufacturers Will Continue to Invest

Cerasis

Automation sales declined throughout 2016, but industry experts believe a major shift toward third-party companies is coming, reports Patrick Burnson of Supply Chain Management Review Manufacturers need to increase production without increasing overhead costs, and outsourcing technology to 3Pls is the perfect solution. Manufacturers Need to Process Higher Volumes of Information. More manufacturers are also looking for ways to consolidate operations.

Manufacturing Gains From Machine Learning

IQMS

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. New products are proliferating in manufacturing today, and delivery windows are tightening. PDF, no opt-in) 2017 Honeywell User’s Group.

Will Your Supply Chain Sink or Swim in the Digital Age?

OneSCM

This is especially relevant for high-tech industry manufacturers who must fight to keep their head above water as new competition floods the marketplace and long-time competitors diversify their product lines in an attempt to remain relevant. Technology research firm Gartner, Inc.

Six Ways Warehouse Inventory Management Software Optimizes Efficiency

IQMS

The Warehouse Inventory Management Software market grew to $1.4B between 2017 and 2025 with the global market reaching $4.6B How Warehouse Inventory Management Software improves efficiency. in 2016 and is projected to attain a Compound Annual Growth Rate (CAGR) of 14.1%

Three Cool Technologies

Supply Chain Shaman

He is a great thinker on inventory planning and demand management.I While the promise of real-time inventory data from RFID still looms large as an ideal state for the industry, it has not been practical. Oh my!

Manufacturing Metrics that Actually Matter (The Ones We Rely On)

synchrono

I have found this to be true when working with many different manufacturers. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”.

Physical Fulfillment in a Digital World

ModusLink Corporation

For years, the main role of a brand’s warehouse was to accept inventory from suppliers, store the inventory until it was needed and then ship it to brick and […]. Manufacturing to Market ecommerce logistics supply chain warehousing Distribution

Looking Beyond Red Arrows

Supply Chain Shaman

As a result, supply chain leaders focus on unrealistic goals of inventory or costs, they will throw the system out of balance. However, the stories of success are largely project improvements or improvements in vertical supply chain efficiency in manufacturing or transportation.

What is Inventory?

Logistics Bureau

Well, I asked Keiran Hogan one of our inventory management experts, exactly that question! Inventory can best be described as any materials or goods that pass through or are held in your business and are necessary in order to carry out your trade. Inventory Management.

3 Prerequisites to a Modern Demand-Driven Supply Chain

synchrono

In 2010, Gartner estimated that manufacturers outsourced about 70% of the products they make to other manufacturers. We worked with GIW Materials, a manufacturer of heavy-duty centrifugal slurry pumps, to help them lower cycle times and improve on-time performance.

Three Critical Supply Chain Capabilities for Private Label Industry Success

Logility

The private label manufacturer generally produces more total SKUs with lower production volumes per SKU requiring more frequent line changes, more total safety stock and potentially higher product obsolescence. eBook: The Inventory Optimization Handbook

SAPInsider SCM 2017: Two Demand Planning Sessions That You Shouldn’t Miss

Arkieva

From discussions on enabling advanced business processes and improving supply chain visibility, to supply chain technology trends, the SAPInsider SCM 2017 in Orlando Florida, is set to be a fun learning and networking experience for supply chain professionals using SAP systems.

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LTL Rates, Capacity, and Fuel: The General Outlook for 2017

Cerasis

Rebounding freight volumes and the proximity of the electronic logging device (ELD) mandate are set to change the industry in 2017, reports Sean Kilcarr of FleetOwner. But, the most significant impacts of 2017 will be felt in these four areas. . per gallon throughout 2017.

2017 Top 10 Yard Management Challenges

PINC YMS

Based on our independent research, the productivity of today’s complex warehouse and manufacturing operations will be impacted by the following inefficiencies in yards: 1.

Predictability vs. Agility: You no longer have to choose

Quintiq

This would enable them to respond quickly to new promotions, requests and opportunities to sell excess inventory or more product at a favourable price. Manufacturing Supply Chain Planning & Optimization

Supply Chain Finances: How Does Your Cash Flow Impact Your Supply Chain?

Cerasis

Every business, including manufacturing operations, rely on cash flow to meet important needs like fueling growth and keeping the manufacturing process rolling forward. This can be disastrous for manufacturers that need to purchase raw materials to produce their products.

Top 5 Inventory Mistakes and How to Avoid Them

Rootstock

Days before the solar eclipse of 2017 it became nearly impossible to purchase the special glasses needed to safely observe the event.

Countdown to Kinexions ’17: FOMO and supply chain stories that inspire

Kinaxis

As a contract manufacturing company, it’s critical for Jabil’s S&OP process to support customers’ demands by generating a feasible master production schedule and inventory strategy that deliver required service levels – all while considering capacity and materials constraints.

Reduce Costs: Invest In Talent

Supply Chain Shaman

In manufacturing-based companies, 70-80% of costs are in the processes of source, make and deliver. By graphing the financial metrics through orbit charts, we find that 90% of companies are stuck at the intersection of operating margin and inventory turns.