Smarter Inventory Management Will be One of the Key Competencies for Retailers in the Coming Year

Supply Chain Matters

While the nation’s retailers gather in New York City this week to attend the National Retail Federation’s 2019 Annual Conference, the Supply Chain Matters blog declares that inventory management will be one of the key competencies for retailers this year.

A Focus on Hospital Supply Chain Management Challenges and Opportunities

Supply Chain Matters

The new corporate branding implies the ability to help hospitals find solutions in an enormous sea of inventory and data. Many hospitals indicate challenges related to different software applications, no one of which providing end-to-end supply and inventory management.

Added Political Developments Related to Brexit Add to Uncertainties

Supply Chain Matters

Copyright 2019, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. There is yet a new development regarding Brexit and the many supply and customer demand networks that would be impacted by an ill-defined exit plan. .

Procurement Interview Questions & Answers

Supply Chain Game Changer

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Check out this list of 25 Procurement and Purchasing questions and answers. And you don’t need to purchase an expensive procurement technology suite to do so.

Supply Chain Matters Highlights of Oracle Modern Business Experience Conference- Part Three

Supply Chain Matters

For the past several years, Oracle has sponsored an annual conference dedicated to supply chain management which was the Modern Supply Chain Management Experience 2019 ( MSCE ) conference which we have consistently attended in prior years.

Potential Pause in Trade Deadlines Not a Time for Supply Network Teams to Rest Easy

Supply Chain Matters

There is now ample evidence, included business inventory reporting for the month of January, indicating that retailers and businesses procured or moved additional inventories from China into the U.S.

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Procurement Transformation Delays – The Role of Personality!

Supply Chain Game Changer

Article provided to Supply Chain Game Changer by Katalin Brennan at Eyvo E-Procurement. We’ve all heard of the need for Procurement to embrace the Digital Transformation for many years. There are few procurement-specific personality surveys available. Subscribe Here!

This Turbulent Week in Brexit Events and Consequent Multi-industry Supply Chain Disruption Planning

Supply Chain Matters

Scenario #2 implies that capacity, safety stock inventory, logistics and transportation contingency plans or commitments need to remain active and diligent. Copyright 2019, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Opportunities Remain for More Responsive Hospital Supply Chain Management

Supply Chain Matters

A survey conducted by Sage Growth Partners on behalf of Syft® , a provider of inventory control and end-to-end supply chain cost management software and services brought forward important insights. Despite these viewpoints, this survey pointed to two in five of respondents indicating that they do not analyze their supply chains at all, and three-quarters of respondents report using their SCM processes for basic analytic functions such as tracking inventory or consolidating suppliers.

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The Celebration of the Year of the Pig and Implications for Industry Supply Chain Management Strategies

Supply Chain Matters

The 2019 Year of the Pig has special significance for a number of other reasons. The year 2019 might well be different, without any discernable surge. In the meantime, the normal playbooks for post Lunar New Year activities are likely not applicable in the year 2019.

Automation in the supply chain to get major boost in 2019

EFT

A new report and industry survey from eyefortransport finds that automation is the top investment priority for retailers and manufacturers in 2019, particularly within the warehouse. To find out more about the state of retail in 2019, download the free report now.

Industry Supply Chain Planning Related to Brexit Response Grow More Concerned, Along with the Implications

Supply Chain Matters

The implication is that British sellers would have to stock their inventories in EU located warehouses or customer fulfillment centers. Copyright 2019, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Time to turn around inventory falls by two days says new report

EFT

Customer demands for faster and faster service are having an effect across the supply chain finds eyefortransport’s new D3 2019 report. The median time for retailers to move returns back to inventory ready for resale has fallen from 2017 to 2018, from a median of seven days down to five days.

How Inventory Management is Paving the Path Forward in an On-demand World

Unleashed

Inventory management in an on-demand world is one of the biggest challenges in the supply chain today. Inventory management involving brick-and-mortar stores as well as eCommerce is ever-evolving and more dynamic than ever before. This article looks at how inventory management is paving the path forward in an on-demand world and what this means for business owners. What if the distribution centre manages both store and eCommerce inventory stock?

Keys to a Successful Dropship Implementation

Talking Logistics

It is possible, but it would be a very manual process, with many emails and spreadsheets sent between procurement and vendors. A dropship program ultimately involves many functional groups with the company, including procurement, merchandising, transportation, operations, customer experience, information systems/technology, finance, e-commerce, and possibly others.

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Is it time to integrate your supply chain design with execution?

JDA software

its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability. its transportation management and how well it continually procures, plans, executes and monitors freight. Inventory management.

Streamlining and Automating the Procure-to-Pay Process

Talking Logistics

Streamlining and automating the procure-to-pay (P2P) process is something many companies are focused on, especially those dealing with hundreds, if not thousands, of suppliers and high volumes of purchase orders, shipments, and invoices. The order procurement black hole. I began my discussion with Omar by asking him to share some of the challenges procurement people are dealing with in the procurement process. Episode Highlights Elemica P2P procure-to-pay

How Cloud Technology is Transforming Supply Chain and Logistics Management

AFFLINK

in 2019, its industry totaling $206.2 Cloud technology empowers companies to deploy resources on an as-needed basis instead of having to invest in static inventory. Cloud computing is expected to grow by 17.3% billion.

What is Demand Sensing?

Supply Chain Game Changer

Understanding more about the needs and wants of customers can help supply chain leaders make informed decisions, improve inventory management, and increase profitability. Inventory Management Supply Chain Management Technology Demand Sensing technologytrendsSubscribe Here!

Supply Chain Management in a VUCA World

Enterra Insights

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more.”[2] Evaluate inventory policy, sourcing modifications, and commercial terms.

What is Supply Chain Management (SCM)? (Video)

Supply Chain Game Changer

What Exactly Is Procurement? supplychainmanagement #scm #supplychain #procurement #logistics #distribution #purchasing #technology. Subscribe Here! Email Address. And What is Purchasing? What is Supply Chain Management?

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Machine Learning and the Business of Tomorrow

Enterra Insights

Machine learning can prove useful all along the supply chain from procurement to production to marketing to after sales support. “Gaining greater contextual intelligence using machine learning combined with related technologies across supply chain operations translates into lower inventory and operations costs and quicker response times to customers.” 3] Lindsay Clark, “ Making machine learning fit for business ,” IDG Connect , 15 January 2019. [4]

Supply Chain as a Service (SCaaS)!

Supply Chain Game Changer

The 3 Pillars of Digital Procurement! Virtually every type of software application is offered in a SaaS model, including software to support ERP, TMS, CRM, Inventory Management, and Invoicing applications, all of which are related to Supply Chain. Subscribe Here! Email Address.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

And consider forecast data, planning parameters, cost and price information, materials details and specifications, purchase orders (and all of the accompanying changes and updates), bills of lading, labels, inventory records, and much more. Subscribe Here! Email Address.

The Effects of a Recall Can Be Minimized With a Connected Supply Chain

DynaSys

If the supply chain processes are not connected from the beginning to the end of the entire procurement, manufacturing and distribution processes, or “field to fork”, you will have a bumpy road. It seems like there are more product recalls now than ever before.

5 Quick Solutions for Simplifying Supply Chains

Unleashed

In an attempt to get back to supply chain basics, companies need to scrutinise their processes, from procurement through to storage and shipping. Sure, data is king when it comes to helping forecast future demand and inventory stock needs but the ability to collect data is not always supported by the ability to filter and manage that data correctly. Also, customers will avoid businesses that routinely have out of stock inventory, shipping delays and errors.

How Technology Can Help Manage Supply Chain Disruptions

AFFLINK

Supply chain disruption is at its highest rate in three years , and while it's not always possible to predict every interruption in procurement, it is possible to plan ahead for them. How does your organization manage supply chain disruptions?

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! Procurement departments must take the full burden of ensuring supplier consistency. riskmanagement #supplychainmanagement #procurement #distributionlogistics. Freight and Logistics Guest Blog Post Procurement Supply Chain Management Distribution Logistics Risk ManagementSubscribe Here! Email Address.

What Is Demand Sensing and Why Supply Chain Executives Need to Know More

Veridian Solutions

Understanding more about the needs and wants of customers can help supply chain leaders make informed decisions, improve inventory management, and increase profitability.

25 supply chain experts reveal the best tactics to optimize a supply chain

6 River Systems

William Crane, Founder & CEO of IndustryStar Solutions , is an entrepreneur and experienced executive in supply chain with demonstrated results starting, launching and enhancing procurement, logistics, supplier quality and manufacturing companies globally.

Tradeshift, Bristlecone Partner to Advance the Future of Supply Chains

Bristlecone

24, 2019 – Bristlecone , the trusted partner in supply chain transformation, today announced a new strategic partnership with Tradeshift , the global leader in supply chain payments and marketplaces.

New Flex CEO Revathi Advaithi Highlights our LIVING Supply Chain Book

NC State SCRC

The story notes: Tom Linton, Chief Procurement and Supply Chain Officer at Flex, and Robert Handfield, Ph.D., Right place, right time inventory levels that are consistently balanced to keep service high and costs low.

Supply Chain Management – the SME perspective

Claritum

Claritum Article - Procurement Blog. The level of understanding of procurement automation within a company influences significantly the adoption. There are many benefits for SMEs adopting Procurement automation. Better use of scarce resources to procure goods and services.

It’s Time to Rethink Availability vs. Waste in Your Grocery Supply Chain

RELEX Solutions

Taste, texture and juiciness — the factors by which shoppers judge their fruits and vegetables — are not purely a supply chain issue; procurement has its part to play too.

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What is 4PL and 5PL? – Everything a Wholesaler Should Know

EMERGE App

The logistics function also includes inventory management. Using inventory management software will mitigate most of the work in managing and recording the flow of goods in the company. He still has warehouses where staff store, pack and handle inventory. Introduction.

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