Supply chain inventory optimization – Beyond the analytics

Kinaxis

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. The equivalent of 7% of America’s GDP is tied up in inventory, and accounts receivable and payable.

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 290

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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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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

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

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.

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

This has led to increased costs, not to mention all the inventory stuck in-transit. For example, let’s say you modeled the lead time from “supplier A” to your manufacturing facility as 7 days.

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.

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.

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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2017 Top 10 Yard Management Challenges

PINC

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.

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.

Coming soon to a supply chain near you: 8 big digital disruptors

Kinaxis

That in turn is changing how organizations are manufacturing and delivering goods. These retail robots can scan and track on-store inventory at rates far exceeding what any human worker could accomplish, capturing data on up to 20,000 products an hour.

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.

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.

7 Incredible Benefits of Cloud-Based Logistics Management

Cerasis

Each industry has its peculiarities, among the others, in the logistics, manufacturing, and supply. To get more information on how logistics may change within the next couple of years, you may read the article Supply Chain Trends To Follow In 2017 by Steve Banker at Forbes.

Predictability vs. Agility: You no longer have to choose

DELMIA 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

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.

Supply Chain: Anything But Timeless

Supply Chain Shaman

Manufacturing cycles drive the cadence of production planning. This is a very operational view, typically focused on a specific manufacturing plant. The period of orders being firmed against inventory.). Timeless: not affected by the passage of time or changes in fashion.

Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

Decision support includes all forms of planning: demand, supply, revenue, manufacturing and transportation planning. Robust Market Emerging for Digital Manufacturing Technologies. Robotics/wearables/the Internet of Things/additive manufacturing coalescence is redefining manufacturing.

Mining Supply Chain Data for Insights

Supply Chain Shaman

These are mainly North American-based manufacturers, distributors and retailers.) For example, Johnson & Johnson spans multiple industries (pharmaceutical, medical device and household products manufacturing industries). Mine sweeping is essential to warfare.

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BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

The composite of metrics includes growth, operating margin, inventory turns and Return on Invested Capital.) We group companies by NAICS codes to study year-over-progress at the intersection of operating margin and inventory turns. Inventory Turns. BASF creates chemistry.

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.

A New Red Wagon?

Supply Chain Shaman

Let’s take a look at the world of the chemical manufacturer. As shown in Figure 1, the company has been unable to maintain balance on the portfolio of cost and inventory. Note that recent inventory progress is slipping against the improvements during the recession).