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Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

After finishing the Supply Chains to Admire report and the Youtube series (to be released this week), this is my feeling. What Is Supply Chain Excellence? The seven years of work on the Supply Chains to Admire is part of my quest to answer Keith’s question.

What is ABC Analysis?

SupplyPike

Learn about: What an ABC analysis is How you can implement it How Walmart uses it in its daily business. ABC analysis is based on “ The Pareto Principle ,” also known as the 80/20 rule. An ABC analysis helps you clearly assess this effort and also shows the importance of individual factors to the business. Implementing ABC Analysis. Zero in on the component for analysis and specify the success parameters. Arrange your inventory in descending order of impact.

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Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

For the first in seven years, I was not heads-down preparing for The Supply Chain Insights Global Summit. Pre-pandemic only 30% of supply chain leaders were satisfied with their supply chains, and during the pandemic, business leader satisfaction is falling precipitously.

The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud

Cerasis

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Meanwhile, cloud technology enables companies to expand infrastructure without significant investment or use of resources, reports AXIT of Supply Chain 24/7. Since the driver shortage only appears to be growing worse, keeping today’s drivers driving is essential to the success of the supply chain.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. You can employ countless number of supply chain service providers who will help realized these cost reductions throughout the entire supply chain. The distributor maintains the inventory plan.

Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

In my work with Supply Chain Insights , I immerse myself in learning. I continually question my long-held beliefs on supply chain excellence. . When readers finish a Supply Chain Shaman blog, I want to drive a set of unique takeaways. Today, I am going to share five insights that I have gleaned from our work on Supply Chain Planning Benchmarking. We then worked on the analysis. This is one element of inventory.

Is Inventory Waste or an Asset?

Supply Chain Shaman

Next week is the annual Supply Chain Insights Global Summit , and summit preparation is on my agenda for the weekend. We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.” Inventory is both.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Let me start with a true confession: I am a manufacturing gal. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. In manufacturing, I became good at labor bargaining. Figure 1: Definition of the Supply Chain Organization.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. I was moving from the world of manufacturing to a new world of software. The tension I felt reading the brochure on the plane is what I believe every supply chain leader feels every day. The technology world moves at a quicker pace than the world of manufacturing and distribution.

ABC Analysis of Inventory: Optimize Business Bottom Line

OptiProERP

The most common concern supply chain management experts struggle with is accurately identifying the causes of inventory inconsistencies. If a discrepancy is identified when users pick an item or perform a count, an inventory correction needs to be performed. Every inventory issue has a specific method that can be adopted to resolve it. Perform a recount of the inventory in question, preferably by someone who was not involved in the initial count.

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. This week, I published an in-depth analysis on the topic. At Supply Chain Insights , this is our passion.

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. In the final part of my inventory management best practices series, I take a look at some additional practices that are important, or even crucial , to successful supply chain efforts.

10 Small Business Inventory Management Tips!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Small business inventory management tips article and permission to publish here provided by Simcha Michael. You’ve ordered to complete, and manufacturers run short of items.

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Lab work testing follows vital sign analysis. In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. To complete a supply chain diagnostic, I take these four steps: Step One. Use the peer group analysis to establish realistic targets.

4 Best Ways Manufacturers Can Perfect Their Supply Chain

USC Consulting Group

Leading the way — and defying the odds — are manufacturers. Yet with COVID-19 and product shortages still a reality, some manufacturers are wondering what they can do to improve their supply chain resiliency to prepare for present and future disruption. If your company is in a similarly tenuous situation, below are a few recommendations to help you shore up your supply chain risks. No supply chain is perfect. Increase your inventory.

Congratulating the Supply Chains to Admire Winners

Supply Chain Shaman

This afternoon, I poured myself a cup of tea to pen congratulation emails to the Supply Chains to Admire award winners. It is now our fifth year of analyzing balance sheets to understand which companies are outperforming their peer groups on the metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) while driving improvement. It takes us three months and two full-time research assistants to finish the analysis.

Digital Supply Chain Predictions!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com. Subscribe Here!

Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

As I shopped at Best Buy for office supplies, I struggled to not think about the massive disruption of electronics supply chain. The Sam’s Club and Costco shortages of water, toilet paper and laundry products signals one thing for me: the spread of the virus will disrupt every supply chain. As markets shift, supply chains struggle to adjust. The order is a poor proxy for demand and few supply chains have access to consumption data.

History Repeats Itself Without Supply Chain Leadership

Supply Chain Shaman

This is a story for the Eds, Franks, and Toms working together in supply chains across the globe. It is also a story for a young supply chain manager attempting to make a difference, but feeling stymied. Frank, the line manager for manufacturing, dominated the meetings. 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.

A perfect supply chain?

Kinaxis

by Matt Benson If your 3PL supply chain problem was to deliver 400,000 items daily from supplier to customer and your on-time in full metric was a six-sigma target standard of 1 failure per million, how would you do it? Well, the answer in reality is that we really do need both – not all of our problems are only 3PL issues with supply chains having such stable demand signals – same item, same quantity, to the same customer, pretty much every day.

The internet of (supply chain) things

Kinaxis

Being a bit of a techie nerd, I’ve been following the Internet of Things (IoT) evolution on the consumer device market for a while, but I honestly haven’t given much thought to how the IoT will impact supply chain. The video was a report out and analysis of a survey that MPI had done on Internet of Things in the supply chain. In a 2014 study, 46% of manufacturing executives didn’t know what the internet of things was. But what about supply chain?

Streamline Your Supply Chain with a Network Analysis

CH Robinson Logistics

Supply chains are innately complex. That’s where working with a third party logistics provider (3PL) with knowledgeable supply chain engineers comes into play. With dedicated time and applicable knowledge, supply chain engineers give you the clarity and expertise that can help simplify—and improve—your supply chain. This made it difficult for the company to accurately manage their inventory.

Supply Chains to Admire: 2016 Results

Supply Chain Shaman

Five months of analysis. This morning, we announced the Supply Chains to Admire Winners and Finalists for 2016. Selfishly, we need standard for our research, but we also want to help supply chain leaders gain new insights from a deep data-driven analysis. There is no agreed standard for supply chain excellence. The Supply Chains to Admire analysis is now in its third year. Figure 1: Supply Chains to Admire Methodology.

Five Things You Need to Know about Inventory Optimization in the Digital Age

ToolsGroup

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. It’s about learning to transition from long-held inventory systems and processes, having new conversations across logistics and sales, and the shifting role of supply chain planners. Long-tail demand complexity has completely changed how we optimize inventory.

Making IoT in Manufacturing & Supply Chain Work by Using Cloud Technologies

Cerasis

The IoT,” it explains, “comprises an ecosystem that includes things, communication, applications and data analysis.” McKinsey Global Institute simplifies this a little to say the IoT comprises “sensors and actuators connected by networks to computing systems”. In the warehouse, the Internet of Things is helping to keep track of inventory, track orders, and identify and schedule maintenance for faulty equipment. Data Storage and Analysis. Data Storage and Analysis.

Is Poor Inventory Performance Holding You Back?

Kinaxis

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ The authors, Anandhi Narayanan, Senior Manager, Advanced Customer Solutions, Charles Thomas, Director, IT Customer Solutions, Stacey Greene, Director of Inventory Optimization and Robert Rejano, Processes and Applications Advisor, all with Celestica, describe the critical steps needed to drive inventory performance improvements.

Supply Chain Analytics- Towards Intelligent Manufacturing

ThroughPut

What is Supply Chain Analytics? Supply Chain Analytics aims at enhancing the manufacturing operational efficiency and overall operational effectiveness by enabling informed data-driven decisions across the factory floor. Typical Supply Chain Challenges.

L’Oréal: A Case Study in Supply Chain Excellence

Supply Chain Shaman

At the Supply Chain Global Summit 2018 , Francois discussed the impact of digitalization, Industry 4.0, and L’Oréal’s approach to business that has allowed the company to continuously rank as a Supply Chains to Admire winner for four consecutive years. We complete the analysis each year. Read more to understand the details on the Supply Chain Index ,). Supply Chains to Admire Methodology. In this analysis, patterns matter.

Reflections on Integrated Supply Chain Planning

Supply Chain Shaman

In the presentation, I shared data on the evolution of supply chain planning and the results on user satisfaction. Neither technology vendor is an industry leader in delivering a solution that fits the needs of the supply chain planner. The common perception is that SAP and Oracle supply chain planning solutions are superior to best-of-breed Advanced Planning Solutions. Summary Data of User Satisfaction with Supply Chain Planning Applications.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

To drive global scale, companies need to design the supply chain to buy globally and execute locally. The design of the supply chain is fundamental to making this happen. In our interview of the Supply Chains to Admire Winners, we found a unique approach at Carter’s. Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. Supply Chain Index.

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working. Let’s learn and apply it to supply chain management.

L’Oreal: A Beautiful Supply Chain

Supply Chain Shaman

In the process of compiling the Supply Chains to Admire report for last year’s Supply Chain Insights Global Summit , the research team at Supply Chain Insights calculated the rate of supply chain improvement of companies by industry for the period of 2006-2013 and 2009-2013. We wanted to see which companies were driving the fastest rate of improvement on the supply chain metrics that matter. Defining Supply Chain Excellence.

Top 10 2020 Manufacturing Trends

IQMS

Bottom Line: 2020 manufacturing trends are driven by manufacturers’ strong confidence in their ability to deliver high-quality products that earn repeat orders while delivering excellent customer experiences. 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.

The (Internet of Things) IOT Supply Chain Benefits Now Coming Clearer

Cerasis

The Internet of Things (IoT) seems to be popping up in more conversations throughout the entire supply chain , and more businesses have turned towards IoT experts for guidance on how to take advantage of its benefits. Ultimately, the IoT Supply Chain will enable greater accuracy and identification of potential issues throughout supply chain processes. Most manufacturing processes heavily rely on the use of machinery.

11 Inventory Management Best Practices

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Subscribe Here! Email Address.