Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Optimized Inventory Builds Credibility.

Top Warehouses in North America 2013

The Logistics of Logistics

The top warehouses in North America were recently profiled in a great article by the fine folks at Modern Material Handling. In lean consulting, you would often find excess inventory, rework, over processing and other wasteful practices inside a warehouse. The warehouse business is made up of the following 7 service offerings: pick and pack , cross-docking , fulfillment , distribution center management , vendor managed inventory , sub-assembly and site location.

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Will Trucking Challenges Transform JITS in North America?

QAD

JITS is the acronym for “just-in-time-sequence,” a common supply chain practice in the automotive industry that eliminates or significantly reduces the need to maintain parts inventory at the assembly plant. Needing to carry only a few hours worth of inventory, thereby savings on inventory carrying costs and working capital. Trucking Challenges in North America. But why just in North America? The post Will Trucking Challenges Transform JITS in North America?

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. In business there are many drivers of inventory, and the management of inventory levels requires discipline and a cross-functional focus. What Drives Inventory Effectiveness?

Supply chain inventory optimization – Beyond the analytics

Kinaxis

But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. The equivalent of 7% of America’s GDP is tied up in inventory, and accounts receivable and payable. Implementing inventory optimization. The challenges of inventory optimization can be immense.

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. Many companies struggle with decisions such as “How many days of sales or inventory turns per year should we target? or “How can we reduce inventory and improve our balance sheet?”. Structural inventory is a direct result of design choices.

Apparel and footwear: At what point is missed sales better than excess inventory?

Kinaxis

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. Shouldn’t it be ok to build inventory in anticipation of demand surges, and then apply promotions to work through the excess? by Harish Iyer.

Toys R Bust: The Downfall of America's Favorite Toy Store

Elementum

In mid-March, Toys "R" Us announced plans to close down and liquidate the inventory for all 735 of its stores in the United States. An unreliable stream of supply, coupled with steep discounts offered by competitors, made it impossible for Toys "R" Us to execute on its usual holiday strategy of "selling late at high margins after competitors sell out of 'hot' inventory and attracting last-minute shoppers who fear that online deliveries will not be made in time.".

ToolsGroup Names David Barton General Manager of North America

ToolsGroup

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. ToolsGroup helps companies like Absolut, American Tire Distributors, Harley Davidson, Lennox and Thule profitably balance service and inventory despite increasing demand uncertainty. “I

Toys R Bust: The Downfall of America's Favorite Toy Store

Elementum

In mid-March, Toys "R" Us announced plans to close down and liquidate the inventory for all 735 of its stores in the United States. An unreliable stream of supply, coupled with steep discounts offered by competitors, made it impossible for Toys "R" Us to execute on its usual holiday strategy of "selling late at high margins after competitors sell out of 'hot' inventory and attracting last-minute shoppers who fear that online deliveries will not be made in time.".

Seizing Real Results in Latin America

BlueYonder

If this is true from a supply chain perspective then Latin America can make a good case for future proximity prosperity. Of course the good news is that Latin America has much more going for it than its location relative to North America. My recent Real Results article, A Fresh Look at Latin America , highlights some of the opportunities and challenges on the horizon for Latin American businesses.

Making Supply Meet Demand at America’s Food Banks

The UCLA Anderson Global Supply Chain Blog

Feeding America is a national human services agency that distributes food donated by large food manufacturers (such as Kraft) to a nationwide network of food banks (Figure). At each food bank, 20% of the foods is provided by Feeding America and the remaining 80% is donated by the local food manufacturers and distributors. So, how should Feeding America allocate its food supply to the food banks so that the supply can meet demand in a fair and timely manner?

With Tariffs In Flux, Digital Inventory Technology Might Be The Solution To Holiday Bloated Inventory Levels

Talking Logistics

The tariff situation has companies in a quandary as they debate whether to “load up” on inventory now — to ward off the impacts of potentially-higher tariffs on imported goods — or hold off for now and hope that the political environment calms and things get to back to “normal.” On a recent blog post titled Can robots help you manage inventory better? , Chief Technology Officer for Embarcadero Systems Corp (a Ports America company).

Interview for Bank of America Article

Supply Chain Cowboy

A couple weeks ago, I did an interview with Robert Lerose, who writes for the Bank of America blog. Interviews Small Business Resources China Gamification Inventory Small Business Resource His article was posted this week, and it has some great advice for small business supply chains. Check it out here: Optimizing The Pipeline: Managing your supply chain more efficiently.

How Inventory Management is a problem the size of Australia

The Network Effect

Inventory distortion costs retailers nearly $158 for every man, woman, and child on the planet. Billion a year is the cost of Inventory distortion in North America, an amount equivalent to the annual revenues of Kroger, Home Depot, and Target combined. The Asia/Pacific region contributes 39% of all inventory distortion. The post How Inventory Management is a problem the size of Australia appeared first on The Network Effect. chem7/Flickr.

Excess Inventory? No Problem. You Have Trailers In the Yard.­­

Talking Logistics

With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works. But even as developers have flooded the market with new inventory, some retailers are still having trouble finding adequate, flexible space. The post Excess Inventory?

How Sears Changed America and 3 Things Retailers Must Learn from the News Last Week

BlueYonder

Since Sears filed for Chapter 11 bankruptcy last week, the internet is exploding with dozens of posts about how the retailer has changed America, the way we live and how we shop. With online shopping data, artificial intelligence (AI), machine learning (ML) and the internet of things (IoT), stockouts and wasted inventory can be easily avoided with accurate forecasting.

Top 10 2020 Manufacturing Trends

IQMS

Running lean and struggling to find the employees they need to keep up the pace of production across their shop floors, small and mid-tier manufacturers are prioritizing Inventory Control and Scheduling to make themselves as efficient as possible. No one wants to sacrifice gross margins, so every one of the manufacturers interviewed is placing a higher level of intensity and effort into improving inventory turns, cycle times, and shop floor efficiency.

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. Some companies never reconcile their inventories, some shutdown operations to do a full check, and others utilize a robust approach to cycle counting. Automatic inventory checks.

If Inventory Optimization was Easy, People would Stop Writing about It

Enterra Insights

Every supply chain professional understands inventory is a necessary evil. Carry too little inventory and you can miss out on sales and anger customers. Carry too much inventory and you increase handling costs and cut into profits. But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge.”[1]

Manufacturing Keeps Going Strong At Mar-Bal

IQMS

Mar-Bal operates four manufacturing facilities in North America and a sales office in Shanghai, China. Remote visibility of orders, inventory, and operations for their personnel at work at home and in-branch locations system has been essential to these continued business operations. They manufacture thermoset composite products essential to the appliance, electrical distribution, and industrial marketplaces.

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2019 Forecasting and Inventory Benchmark Study

Supply Chain Brain

What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind. This public version of the study provides the “state of the nation” for forecasting, inventory and supply performance in North America.

10 Signs A Food & Beverage WMS Needs Help

IQMS

Key problem areas including Order Fulfillment, Inventory Management, Warehouse Productivity, and Transportation Performance. Having to resort to more manually-based methods to get warehouse inventory levels to balance and have enough raw materials on hand to complete production runs. High per-unit costs dominate the financial statements over the last few months with inventory, warehouse management, and logistics costs being the primary sources of cost overruns.

Making Food & Beverage Supply Chains Pay

IQMS

When production lines are running smoothly, product quality is up, and customer delivery dates are being met it’s a sure sign the supply chain management, inventory, and warehouse management systems supporting the shop floor are tightly integrated. By using supply chain systems to unify inventory and warehouse management, more food & beverage manufacturers can deliver real-time responses to their customers, through any channel, anytime.

How Lot Traceability Can Help Your Business

Unleashed

Inventory control. With lot traceability, you can have stronger inventory control processes in your manufacturing facilities. This means your inventory control processes will be tighter and transparent. Inventory traceability plays a key role in the event of a product recall. Automate lot traceability with online inventory management software so that everything is managed in real-time.

How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. 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.

How Sears Changed America and 3 Things Retailers Must Learn from the News Last Week

BlueYonder

Since Sears filed for Chapter 11 bankruptcy last week, the internet is exploding with dozens of posts about how the retailer has changed America, the way we live and how we shop. With online shopping data, artificial intelligence (AI), machine learning (ML) and the internet of things (IoT), stockouts and wasted inventory can be easily avoided with accurate forecasting.

Delhaize America Selects RELEX Solutions’ Supply Chain Planning to Help Sharpen Fresh Produce Retail

RELEX Solutions

Delhaize America has selected RELEX Solutions’ supply chain planning solutions to forecast and replenish perishable categories within its distribution centers, which service its supermarket brands Food Lion, with more than 1,000 stores in the Southeastern United States, and Hannaford, with 181 stores across New England and New York. We’re delighted by Delhaize America’s vote of confidence and for the opportunity they’ve given us to show what we can do. “We’re Read PDF.

Finn-Tack implements inventory and demand management solution

Supply Chain Movement

It also has a further four warehouses in The Netherlands, North America, Russia, and in Finland. Finn-Tack invited Barloworld Supply Chain Software (SCS) to evaluate the future requirements of the company with a view of implementing a robust inventory and demand management solution capable of delivering significant inventory reductions across all of its warehouses. Cases Barloworld SCS consolidation demand planning Finn-Tack inventory Optimiza software

A Tipping Point?

Supply Chain Shaman

The merged company will be the third largest food and beverage company in North America and the fifth in the world. While both Kraft and Heinz are under performing (Kraft has a low ROIC and Heinz is below the industry average in both operating margin and inventory turns) , there is M&A risk. Kraft is a major shipper in North America, and is very mature at the management of freight. Yesterday morning, I woke to learn the news.

Embracing the South American Ecommerce Marketplace

CH Robinson Transportfolio

Ecommerce is on the rise in South America. That’s great news for shippers looking to expand their online retail presence in South America. Online retailers in South America have been struggling for years to overcome several obstacles to success, including extensive customs delays, poor transportation infrastructure, and the lack of end-to-end supply chain visibility. As a result, inventory builds up, costs rise, and customers wait longer for their products to arrive.

Our Users Take Us Higher — We’re an Inventory Management FrontRunner Again!

Unleashed

Check out the March 2019 FrontRunners for Inventory Management Report. The post Our Users Take Us Higher — We’re an Inventory Management FrontRunner Again! Company News awards CA inventory management inventory management software North America USThanks to our users, we’ve reached 250 user reviews, averaging 4.5 stars out of 5 across the Gartner websites: GetApp , Capterra and SoftwareAdvice.

Don’t Perpetuate the Hoax of the Gartner Top 25

Supply Chain Shaman

Inventory Turns (15%) (based on 2014 results). The foundation to drive meaningful improvement is reliability in driving results at the intersection of costs, inventory and customer service. The report series analyzes relative performance of companies against a balanced portfolio of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) for three-time periods 2006-2014, 2009-2014, and 2011-2014.

The Growing Reliance on Traceability in Manufacturing Supply Chains

IQMS

A well-managed track-and-trace system helps reduce inventory shrinkage by providing greater visibility and control across supply chains. Immediate insights into inventory can also help manufacturers get more done in less time.

Cross Border eCommerce – Key to Successful Entry in North America

Vinculum

When seller brands dream of penetrating the international e-commerce markets, they usually picture North America – and they have justifiable reasons for this: As of 2018, the average revenue per online shopper is the highest for the United States. Logistics – The logistics of the drop shipment model – where the seller ships directly to the customer through DHL or a similar service to reduce inventory risk – can prove to be very expensive per unit for cross border e-commerce.