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Supply chain inventory optimization – Beyond the analytics


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.

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, which the company describes as “building blocks to improve your current planning capabilities through design technology.”.

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


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.

Manufacturing Gains From Machine Learning


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.

Three Cool Technologies

Supply Chain Shaman

He is a great thinker on inventory planning and demand management.I I like Lokad’s use of machine learning using open source database techniques (think about attribute-based machine modeling in a modified Apache Spark-like architecture.) Oh my!

7 Incredible Benefits of Cloud-Based Logistics Management


Each industry has its peculiarities, among the others, in the logistics, manufacturing, and supply. Managers can control the operation efficiently as the relevant information comes from different sources, timely and all the members have access to its current updates.

Is your supply chain planning ready for the “Experience Economy”?


Gartner says we are entering what they call the ‘Experience Economy”, where personalization, speed, agility and the ability to predict consumer trends before they happen will separate the winners from losers ( Aspire, Challenge and Transform in a Disruptive World , 27 September 2017).

The game-changing solution to solve your biggest S&OP challenges

DELMIA Quintiq

Take this example: A company decides to go ahead with the manufacturing of a new product based on sufficient plant capacity and favorable sales forecast. It allows flexible, end-to-end modeling of your supply chain including production, sourcing and transportation.

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3 Prerequisites to a Modern Demand-Driven Supply Chain


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.

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory.

Four Reviews of DDMRP for Supply Chain Planning


Source: The Enterprise System Spectator. She says she believes DDMRP “buffers are only a piece of the answer” and that “forecasting plays a vital role in determining the rules for inventory buffers.” But he says, Respond Planning “must also work in conjunction with a tactical and strategic planning capability that ensures the right level of resiliency is built into the supply chain design and use of key resources (such as inventory).” by Lora Cecere, May 5, 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. While the practices of finance are over 200 years old, in contrast, supply chain as a cross-functional practice (the combination of make, source and deliver) was recently defined in 1982.

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


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.

Greater Supply Chain Savings Thanks to Transportation Management


The high-revolution has given emerging markets the opportunity to become fully developed, increasing the number of consumers and manufacturers. While many companies look for more supply chain savings and increase profit margins, the TMS remains a stable , reliable source of increased revenue. However, modern technologies give companies more data points that can be boiled down into better, more accurate forecasts and real-time response to changes in market or inventory.

Do You Have a Proactive Supply Chain Design or a Reactive One?

Talking Logistics

Factors like global trade and a customization trend in manufacturing have altered the “straight shot” supply chain forever. Thankfully, digitization of inventory and technology like real-time shipment tracking from 3PLs are taking the pinch out of switching for these companies. Inventory age optimization, which pinpoints the risks of products aging out, perishing, or becoming otherwise unsalable through stagnation.

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).

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

Source: Evan, Flikr. “I I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. On May 12, 2017, a headline in the Wall Street Journal read “ Major Cyberattack Sweeps Globe, Hitting FedEx, U.K.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. They include growth, inventory turns, operating margin and Return on Invested Capital (ROIC)). Inventory Turns.

Supply Chain Operating Networks Create Supply Chain Rockstars

Talking Logistics

With digital business-to-business (B2B) enhancements, industrial manufacturers can find prospective customers, research new suppliers, alert buyers to shipping delays and foster deeper trading partner relationships.

6 Strategies for Better Supply Chain Management in the Current Economy

Oracle SCM

They prioritized projects that reduced inventory and logistics expenses. With the arrival and maturation of cloud supply chain technologies, businesses now have the ability to see exactly where all of their inventory is—in real time—from the store shelf back to the manufacturer.

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


Economic instability, an increase in competition and the globalization of sourcing partners have compelled manufacturers to seriously consider the viability of – or lack of – existing operational technologies and ultimately embrace a slew of new digital technologies that provide direct visibility into every aspect of their supply chain. Five Reasons Why You and Your Suppliers Need a Single Source of Data Truth. Technology research firm Gartner, Inc.

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean


Consequently, all processes, including inventory management, logistics, data analytics and ongoing performance management, as reiterated by the staff of Supply Chain 24/7, improvement, can be optimized, creating a more efficient, direct and intelligent supply chain network. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus.

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Transforming Your Supply Chain Planning, Transforming Your Business


At HVAC manufacturer Lennox Residential , now that nearly all planning decisions have been automated, they are starting to redefine their customer service around new business models. Last week we described how attitudes towards improving supply chain planning productivity are changing.

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.

What About Them Apples?

Supply Chain Shaman

If we look back at history, 70% of companies implemented Vendor Managed Inventory (VMI), however two-decades later only 1% of companies use VMI processes to drive a better demand signal. I also worked in manufacturing during the period of 1978-1992 trying to plan demand.

Demand Driven: Can We Sidestep Religious Arguments?

Supply Chain Shaman

I also believe that forecasting plays a vital role in determining the rules for inventory buffers, driving market-to-market orchestration, and defining the principles for network design. Focus on managing form and function of inventory. Form and Function of Inventory.

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Supply Chain Professional – Protector of Mother Earth


Green supply chain management can be defined as integrating environmental thinking into supply-chain management, including product design, material sourcing and selection, manufacturing processes, delivery of the final product as well as a product’s end-of-life management.

The State of Supply Chain Trends Part III: Circular Supply Chains, Collaboration, and Risk


Supply chains have traditionally followed a linear path, manufacturing products and sending them through warehouses and distribution centers to consumers. However, the solution to these problems lies in distributing the workload evenly, including access to data sources and sharing of information. While reassignment of workers to global locations is necessary, creating a single source of data storage and access may be key to increasing collaboration in the future.

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The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.


Jessica Twentyman reported in the Financial Times , that for many manufacturers, supply chain collaboration is stuck in the dark ages. Supply Chain Market reported the closest any manufacturer can get to the magic bullet of efficiency (collaboration) is through greater supply chain visibility.

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Data integrity: Bad data and 3 good things to do about it when supply chain planning


New data sources. With mergers and acquisitions, new data sources are added along with the data in these systems. Depending on the system and processes inherited with the new source, data issues could be significant.

Do You Understand Your Chief MRO Inventory Challenges?

Logistics Bureau

If your company is in the business of maintenance, repair, and operations, you should already be aware of the strengthening trend in service as a source of value , both in business-to-business and business-to-consumer marketplaces. Do you know the depletion rate of your MRO-related inventory?

The Transformation of Supply Chain Management – IoT, AI, & Blockchain

Oracle SCM

When IoT is specialized for industrial application such as manufacturing, it is also known as Industry 4.0 IoT has massive implications for supply chain management, including manufacturing, inventory management, and logistics. Blockchain : Manufacturing Supply Chain.

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Supply chain pain points in the Aerospace and Defense industry


As air travel demand soars, aircraft equipment manufacturers continue to innovate in areas like jet engine fuel efficiency, navigation technology and materials science. Lean manufacturing and six sigma initiatives have significantly cut waste and inefficiency in the production process.

Let's Get Digital: Supply Chains Are Going to Get Smarter in 2018

Supply Chain Nation

By the end of 2020, one-third of all manufacturing supply chains will be using analytics-driven cognitive capabilities, thus increasing cost efficiency by 10% and service performance by 5%.

5 pieces to the global capacity management puzzle


Components sourced in one region are being consumed by demands in other regions. If you’re building products customers don’t want, you have money tied up in inventory and marketing programs, and have to work harder to try to move vehicles.