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Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation. Next steps?
Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.
Over the last month, I have been working on the 2019 Supply Chains to Admire analysis. It is not as simple as trading-off inventory, cost, and customer service. Please join me in congratulating the winners of the Supply Chains to Admire for 2019. Supply Chains to Admire 2019 Top-Performing Supply Chains. .
Downsizing inventories over the past decade crippled the response.” In Table 1, I share research collected for the Supply Chains to Admire analysis on the average days of inventory by industry across the period of 2004 to 2019 by increments to match economic shifts. Days of Inventory Peer Group Across Time Periods.
Speaker: Irina Rosca, Director of Supply Chain Operations, Helix
Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. April 3rd, 2019 11.00 etc) or online promotions (company run or 3rd party).
Today’s post will cover the the most read supply chain management blogs published in 2019. The post Most Read Supply Chain Management Blogs of 2019 appeared first on Transportation Management Company | Cerasis.
Managing inventory in 2019 has become an even more complex challenge according to our industry peers and PINC customers. In a recent podcast, an industry professional described how to better manage inventory in today’s dynamic business environment […].
MANN+HUMMEL to Present How It Partnered with ToolsGroup to Increase Fill Rate and Cut Inventory. BOSTON, June 11, 2019 – ToolsGroup, a global leader in supply chain planning software, today shared details of its participation in the Gartner Supply Chain Executive Conference, taking place June 17-19 in Barcelona. On June 19 at 2:30 p.m.,
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.
Speaker: Irina Rosca, Director of Supply Chain Operations, Helix
If we're going to offer the speed of shipping and variety of inventory that today's customers have come to expect, there are a lot of different questions that need to be asked. This webinar will cover: Strategies for making high-level decisions about your network design and inventory distribution.
Despite the evolution of technology, none of the 28 industry segments I follow can drive improvement at the intersection of operating margin and inventory turns. Note the fall in 2014-2019. They struggled to regain margin in the pandemic despite the very low cost of fuel in 2019-2020. Change is Hard. Unlearning is Tougher.
With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. This article will share five things you need to know about optimizing inventory in the digital age.
Even our most popular post, which dealt with excess inventory and yard management, had a transportation bent to it. Overall, the first quarter of 2019 proves yet again that there’s never a dull moment in this industry. Excess Inventory? No Problem. You Have Trailers In the Yard.
Many companies have already started their 2019 planning and budgeting cycles, so if you are in charge of demand forecasting for your company, it’s about time to thinking about your organization's 2019 goals. Inventory and CapEx required to support desired service levels.
2019 is officially in the books, and it’s a perfect time to reflect on the past 12 months as we dive into planning for 2020. Enjoy six of our most-read blogs from 2019–and be sure to subscribe to receive our blogs twice a month. . Five Things You Need to Know about Inventory Optimization in the Digital Age. Happy New Year!
The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.
IoT devices track inventory in real time, providing valuable insights into stock movement, reducing waste, and ensuring products are available when needed.” ” Inventory optimization. This prevents surplus, reduces carrying costs, and minimizes the risk of stockouts, ensuring a balanced inventory.”
The latest study highlights opportunities for businesses to strengthen resilience with artificial intelligence (AI)-driven demand sensing to optimize inventory, realize more value from planning investments, and better serve clients during disruptions of any size. Orlando, FL – October 2, 2024 – E2open Parent Holdings, Inc.
In adidas’s recent earnings call, CEO Kasper Rorsted warned that adidas would miss its 2019 growth target because its supply chain was unable to meet the huge demand for its mid-priced apparel, especially in North America. The CEO went on to imply that losing sales was preferable to building excess inventory. by Harish Iyer.
Do Embrace Technology and Data : Use real-time data for demand forecasting, inventory management, and route optimization. Do Set Clear KPIs and Governance Structures : Establish transparent metrics for sales, coverage, and service levels. Regular reviews and joint business planning foster accountability and trust.
Jeff Flowers and Joe Lynch discuss why inventory is everything. Key Takeaways: Inventory is Everything. In the podcast interview, Jeff explains the importance of effective inventory management to supply chains. Inventory is tricky – buy too little and miss out on potential sales, but buy too much and your carrying costs rise.
BOSTON (December 13, 2019) ToolsGroup, a leader a global leader in supply chain planning software, has been named a leader in the IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment. PRESS RELEASE. About ToolsGroup.
The second part of the story is that inventory turns for Lenovo are 10.8, Ranking at #13, PepsiCo outperforms on inventory turns, but performance is declining. The Company drove a pattern of improvement year over-year surpassing the industry in the 2019-2020 period. but declining. Let’s take a look at PepsiCo. The secret?
Matt Yearling’s articles ranked on both Logistics Viewpoints’ and Talking Logistics’ most-read article lists for 2019. . For 2019, he holds the distinction of being one of the top-read authors for both Logistics Viewpoints and Talking Logistics. No Problem. You Have Trailers in The Yard. Talking Logistics).
BOSTON (Sept 5, 2019) – ToolsGroup, a global leader in supply chain planning software, shared details of its participation with Optimas Solutions, a leading global industrial distributor and service provider, in the North American Supply Chain Summit (NASCES19), taking place September 10-11 in Chicago. . “One and demand uncertainty.
It’s notoriously difficult to optimize inventory for aftermarket parts. Read on for our five inventory optimization secrets for aftermarket parts. Five Inventory Optimization Secrets for Aftermarket Parts. Sporadic demand and escalating SKU counts challenge distributors’ ability to economically carry the right inventory.
Tom, the colorful warehouse manager, constantly heckled Frank for the increasing inventory levels while Ed, the quiet material/logistics manager, constantly questioned if there was a better way. He felt that inventory was no problem, he would just cut it at the end of each quarter to make the balance sheet goals.
BOSTON (May 13, 2019) – ToolsGroup, a global leader in supply chain planning software, announced today that David Barton has joined ToolsGroup as the new general manager of North America. Barton succeeds Patrick Smith, who served as managing director for North America from 2011 to February 2019. Media Contact.
Leader in yard management automation and inventory robotics to the food industry recognized as a top technology provider. Today, hundreds of facilities around the globe use PINC Yard Management System and PINC Aerial Inventory Robots to gain visibility, increase operational efficiency, improve sustainability, and reduce costs.
18, 2019 /PRNewswire/ — Supply & Demand Chain Executive, the executive’s user manual for successful supply and demand chain transformation, has selected PINC as a recipient of an SDCE Green Supply Chain Award for 2019. UNION CITY, Calif. , Dec. Visit us on the web at www.SDCExec.com.
Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.
billion liters less than in 2019. million in total sales throughout 2019, an almost 800 percent year-over-year increase. As manufacturers continue to innovate with new brands and flavors, the existing brand portfolio must be managed to control excess finished goods stock, raw material and container inventory.
At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. Yannis transitioned from the role after eight years in 2019. True leaders top the chart on the balanced scorecard of growth, inventory turns, operating margin, ROIC, and customer service. My reasoning?
billion in 2019. Fast forward 5 years, and ARC’s 2019 base-year study estimated the market at $11.9 Inventory Management in a High Inflation Environment ; Clint Reiser. Instead, they are likely to carry higher levels of inventory as a lower cost alternative to minimizing disruptions. Well, I am saying it. Clint Reiser.
Back in 2019, Joseph Shamir , Founder of ToolsGroup, wrote, “If the last decade has taught us anything, it’s to expect the unexpected — from extreme weather events to endless political psychodramas to tech startups disrupting whole industries. ” Actions to Consider • Map the supply chain.
Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.
Retailers now have a powerful new arsenal of deep planning expertise to model and forecast uncertain demand, manage product life cycles and dynamically allocate inventory to raise product availability across channels. For three consecutive years between 2019 and 2021, Inc. 1 Adobe Digital Economy Index. About ToolsGroup.
Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Inventory. My takeaway?
For example, instead of simply stating forecast accuracy improvement as a benefit explain how this will ultimately reduce inventory and working capital and increase service levels. Alex Pradhan, published 7 June 2019. This graphics were published by Gartner, Inc.
In December of 2019, the global grocery retailer Ahold Delhaize announced it was investing $480 million to transform and expand its US supply chain operations to support a strategy to transition the supply chain network into a fully-integrated, self-distribution model.
Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Each year, we compile a list of top-performing Supply Chains, termed the Supply Chains to Admire.
Bob Herzog, the global planning digitization leader for supply chain, and Pedro Noriega, planning director, North American product supply, both of Procter & Gamble (P&G), spoke on this at Kinaxis’ Kinexions 2019 user conference. They soon saw that by repositioning inventory they could solve all their problems except for one.
Five Year Performance on Business Goals (2019 – 2023) Looking at 2024 Priorities When it comes to organizational priorities across supply chain functions for 2024, APQC finds that supply chain planning remains in the top spot for the fifth year (selected by 90 percent of organizations).
Supply shortages, low inventory to sales ratios, and hiring lags are noted as factors at play. Data as recent as the end of June 2021 show that inventories remain below 1.3 times a month’s sales, a low for the period since January 2019 included in the chart.
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