Another Optimistic Forecast for 2019 U.S. Retail Sales

Supply Chain Matters

retail sales for 2019 will increase between 3.9 percent, the 2019 forecast bandwidth of between 3.9 For the industry’s S&OP and supply chain management teams, planning for 2019 is already underway. Planning for 2019, from our lens, takes on a similar perspective.

Regaining control: Inventory management best practices (Part four)

Kinaxis

by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced.

Design, Operating and Situational Inventory Trade-Offs

ToolsGroup

Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. or “How can we reduce inventory and improve our balance sheet?”.

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.

End to End Supply Chain Visibility - Solving The Data Problem

simply seeing information in one place, aggregating data from multiple sources. inventory more clearly, you can see. inventory. 1DIGITAL TRANSFORMATION, END-TO-END VISIBILITY, AND. THE "DATA PROBLEM". Given the macroeconomic cl imate and the. Amazon effect," many companies are.

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory.

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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.

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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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.

3 Supply Chain Trends to Keep on Your 2019 Radar

Logistics Bureau

3 Supply Chain Trends to Track in 2019. Source : Logistics Management 2018 Distribution Center Survey. . The need for fast, low-cost shipping is driving the placement of inventories , meaning more, but smaller fulfillment centres are necessary.

Your Supply Chain Probably Has a Data Problem - Start There

sources of value for customers. Supply chain visibility gives a clear view of inventory and the. activities involved in the transport of that inventory. Without a centralized data source insights are difficult to gather and hidden.

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.

SCM 100

3 Inventory Control Techniques to Improve and Maintain Inventory Accuracy

Unleashed

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Having poor and inaccurate inventory control can be costly because it causes issues such as unplanned stock-outs, the shipping of wrong products to customers, wasted resources trying to locate misplaced items and inventory shrinkage.

Where Would We Be Without All of the BullS&%T?

Supply Chain Shaman

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. This would include rules like inventory matching, customer policy, Available-To-Promise (ATP) or allocation.

Which supply chain planning processes should we automate?

ToolsGroup

Source: ToolsGroup. Now that more companies are embracing supply chain planning productivity and automation, many firms are asking which processes they should automate. Let's first address that question and then look at where this trend is heading in the future.

Where Would We Be Without All of the BullS&%T?

Supply Chain Shaman

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. This would include rules like inventory matching, customer policy, Available-To-Promise (ATP) or allocation.

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.

Supply Chain Management Trends 2019

EazyStock

What are the primary supply chain management trends for 2019? Distributed Inventory. Distributed inventory reduces the lead time from a customer placing an order to the product being delivered while simultaneously reducing shipping costs. Are you ready for 2019?

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

Supply Chain Matters

With a mere nine weeks to-go before the March 29 th Brexit implementation date, it is becoming ever clearer that businesses large and small are exercising definitive supply chain management risk mitigation or alternative sourcing actions.

How Artificial Intelligence and Global Economic Factors Affect Inventory Optimization

ThroughPut

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management.

Predictions for 2019: What Will the Year Have in Store for Global Shipping?

Transportfolio

With the continued increase in supply chain complexity and greater pressure to keep inventories lean and accelerate shipments, is your supply chain ready for what 2019 has in store? Change in fuel sources may cause delays and higher costs.

How to Combat the Uncertainty and Risks in Today’s Global Supply Chains

Talking Logistics

Although scenario planning has been around for over 30 years, the amount of data from internal and external sources that is available today is unprecedented and can be used to create a digital representation of the physical supply chain. Razat says it all starts with creating a data foundation, a single system of reference, upon which the scenario planning can be used to look at the trade-offs and interdependencies between production, inventory, distribution and transportation.

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How to Design a Successful Apparel Supply Chain

Logility

Planners need to contend with inconsistent consumer buying behavior, the need to satisfy multiple channels, complex sourcing options and proliferating “sub-seasons,” collections and assortments. Apparel is an exciting and rapidly changing industry.

Predictions for 2019: What Will the Year Have in Store for Global Shipping?

Transportfolio

With the continued increase in supply chain complexity and greater pressure to keep inventories lean and accelerate shipments, is your supply chain ready for what 2019 has in store? Change in fuel sources may cause delays and higher costs.

The Procurement Economy in 2019: Bracing Yourself for the Future

Jaggaer

This increased risk requires organizations to be proactive and innovative if they are to successfully navigate 2019. Research on supply chain following the 2008 economic recession found that supply chain executives took several major steps to deal with the decline, each of which is particularly relevant as we enter 2019. This also required creating a flexible supply chain by creating preferred responses to possible changes, as well as realigning inventory in order to free up cash.

78% of retail C-suite do not have real time view of inventory across channels

EFT

According to The 2019 Retail C-Suite Viewpoint Survey, 78% of executives surveyed do not have a real-time view of inventory across channels, and half of respondents believe they do not have the right platforms and tools in place to support expanded fulfillment options.

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.

Sales Forecasting Unchecked – A Supply Chain Nightmare!

Supply Chain Game Changer

They are likely to pull together several sources of data in order to create that revenue forecast. They may look for alternative channels in which to disposition inventory. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Imagining the Supply Chain of the Future!

Breaking Down Perception Barriers to Women in Leadership

JDA software

My work allowed me to touch and gain experience in sourcing, inventory management, manufacturing and fulfillment operations. This blog features insights from Regenia Sanders, EY Advisory Principal for the Supply Chain and Operations practice.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

By incorporating TMS information with other inner sources of data, such as ERP and WMS or OMS, the businesses can attain approximately real-time visibility into products from purchase through inventory and transportation. Retrieved 2019, from [link] 2. 2019). 2019).

Supply Chain 4.0: The Supply Chain of the Future

Enterra Insights

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. … Emerging technologies are enabling both new sources of data (from IoT and blockchain) and insights (from AI and ML) to close information gaps and better match supply to demand and, in the process, transform supply chain management.”

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Major Influences on Supply Chains for 2019

Talking Logistics

As we quickly approach 2019, there are a number of potentially game-changing global trade challenges supply chain professionals must consider in their planning, including new tariffs, trade wars, and Brexit. You will have large retailers that realize they need to consider their store inventory as part of their e-commerce fulfillment model and will use employees to deliver orders on their way to and from work.

What’s the Difference Between Fulfillment and Replenishment?

Supply Chain Game Changer

When you are Replenishing those goods you are engaging processes associated with Inventory management, re-order points, stocking levels, order lead times, transit times, purchase order changes and more. Copyright Mortson Enterprises Inc, 2019. Subscribe Here! Email Address.

5 Main Differences Between ERP and Accounting Software

OptiProERP

On the other hand, the accounting and financial management features and capabilities that are inherent in ERP solutions deliver a single source of real-time and fully integrated information across different departments for better decision making.

23 warehouse pros reveal the best ways for warehouses to control & reduce fulfillment costs

6 River Systems

Choose software that facilitates the valuation and control of permanent inventories based on inputs or outputs, with automated stock alerts, that is versatile and independent of the type of business. Define normal parameters and fine-tune the physical inventory system.