NC State SCRC

MAY 1, 2020

An article written by my former PhD student, Rejaul Hasan, and I just came out this week in Contracting Excellence , the journal published by IACCM, which documents the catastrophe that is unfolding in Bangladesh, one of the world’s major exporters of garments for the apparel sector. But in Bangladesh, 90% of the jobs come from the apparel sector where workers rely on daily wages and now their lives have stopped!

Bangladesh 43

Bangladesh Apparel Guidelines Europe 43

EFT

MAY 1, 2020

It has been a huge challenge to understand what is changing moment-to-moment, let alone predicting what will happen, so eft by Reuters sat down in a webinar with experts working at the coalface of inventory planning and distribution to understand what can be done to survive and thrive. What we’ve seen is a huge deterioration in the apparel sectors. We need to look at alternative sources of procurement, of production, alternative factories, alternative countries.

Sourcing 65

Sourcing Procurement Inventory Apparel 65

Tompkins Blog

DECEMBER 30, 2013

With multi-business units planning and managing their own inventories, the substantial business growth in volumes was limiting adequate end-to-end inventory visibility. The separation of inventories was also limiting the ability to reposition stocks where demand was needed. Tompkins needed to identify the best operating model that would provide inventory visibility and agility to support a true cross-channel business. The Company.

Inventory 43

Inventory Benchmarking Procurement Analysis 43

Supply Chain Shaman

OCTOBER 8, 2019

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Companies that directly connect financial data to supply chain data without creating a feasible plan at an item/location level rate themselves significantly lower on S&OP effectiveness creating higher costs, levels of inventory and order short shipments. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service.

Nashville 175

Nashville Forecasting Metrics Apparel 175

Supply Chain Opz

JANUARY 8, 2015

For instance, competing in high-end fashion apparel will require a different supply chain strategy than selling cotton briefs. If the procurement function is focused on low-price instead of agility, then there’s no chance for success. For instance, reducing all forms of inventory to minimize cost is a terrific goal, assuming the procurement, production, and logistics functions collaborate to make it happen without retail stock-outs.

Wisconsin 172

Wisconsin Strategy Metrics Apparel 172

DynaSys

APRIL 28, 2020

Sales not met during the crisis may be postponed later (for instance, Home Repair/Renovation Products, Shoes & Apparel…). It helps procurement managers assess the impact of these changes on product supply – or production managers on production capacity optimization. In case of shortages, deploying the existing inventory needs to be managed to respect customer orders priorities. Redefine Inventory Strategies.

Apparel 49

Apparel China Europe Inventory 49

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. The script will be distributed to CFOs of apparel, consumer packaged goods, and food/beverage companies next week. Do you actively design networks with a focus on form and function of inventory?

Arizona 283

Arizona Conference Apparel Comparison 283

Requis

JULY 24, 2020

Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets. In the procurement space, what I want to be able to assess is risk management.

Supply Chain Technology 102

Supply Chain Technology Guidelines Apparel Security 102

Logility

SEPTEMBER 12, 2016

Whether it was the US going to Asia or the EU going to Africa or the Eastern European countries to procure lower cost components, this concerted effort created a coordination challenge across a vastly extended supply network. Long supply chain lead times make it tough to meet demand without piling up inventory in various places around the world. This avoids building too much inventory and enables quick response to the shifts in customer sentiment.

Supply Chain Planning 100

Supply Chain Planning Africa Global Apparel 100

Logility

SEPTEMBER 12, 2016

Whether it was the US going to Asia or the EU going to Africa or the Eastern European countries to procure lower cost components, this concerted effort created a coordination challenge across a vastly extended supply network. Long supply chain lead times make it tough to meet demand without piling up inventory in various places around the world. This avoids building too much inventory and enables quick response to the shifts in customer sentiment.

Supply Chain Planning 100

Supply Chain Planning Africa Global Apparel 100

Supply Chain Shaman

MAY 14, 2013

Apparel is actually moving backwards. When companies look at singular metrics (labor costs or inventory), they have moved backwards. In parallel, when supply chain concepts are well-integrated into the design of trading partner relationships by both sales and procurement, there is an acceleration of value. For most companies, growth has slowed. Profits are sluggish. Complexity reigns and cycles are longer. The challenges and opportunities of business are greater.

South Africa 217

South Africa Metrics eBook Africa 217

Jaggaer

APRIL 14, 2020

Define your procurement response strategy. For many years large enterprises have taken it for granted that trade barriers are low and the name of the game was to achieve competitive advantage, for example by offshoring production, building not buying, saving on inventory with just-in-time production, and sourcing from low-cost countries. Sectors such as apparel, which have shifted production to countries such as Vietnam and Bangladesh, may see reshoring in the long run.

Europe 40

Europe Bulgaria Supply Chain Disruption Turkey 40

Requis

JULY 14, 2020

A supply chain is really any network of organizations that work in collaboration to aid the procurement, production and movement of goods from producers to suppliers. Waste from plastics is a big issue for the circular economy, as is waste in fashion and apparel. It will also change the way we think about inventory management and could save on costs if it turns out there is simply no demand for what you’ve made.

New York 77

New York Connecticut Nigeria Africa 77

Enterra Insights

NOVEMBER 5, 2018

Think department stores and specialty retailers, especially those selling apparel.) For businesses, this means that an efficient supply chain with a well-managed inventory tracking system is essential. In fact, according to 2017 findings by McKinsey & Company, taking an AI approach to the supply chain could reduce forecasting errors by up to 50% and overall inventory reductions of between 20% and 50%.

Retail 100

Retail Conference Omnichannel Apparel 100

Requis

MAY 22, 2020

Meanwhile, salespeople for suppliers were trying to work around procurement. On every screen there were moving graphical visualizations of material inventory. Tom had literally put his inventory on these control towers, and it was all updating in real time. Globalization won’t go away, we’ll always have a global supply chain, but we have to rethink our relationships and how we understand costs and the position of inventory in supply chain.

North Carolina 40

North Carolina Lean Data Michigan 40

6 River Systems

SEPTEMBER 17, 2019

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year. Foot Locker @footlocker Foot Locker makes it easy for customers to shop the way they want to shop by improving inventory visibility.

Los Angeles 43

Los Angeles South Korea South Carolina North Carolina 43

Material Handling and Logistics

JUNE 25, 2018

The rankings are based on a composite score based on the opinions of Gartner’s analysts; a group of peer voters (mostly supply chain practitioners, professionals and experts; in the interests of full disclosure, I myself am part of the peer panel); some metrics, including return on assets, inventory growth and revenue growth; and a corporate social responsibility (CSR) component score.

Sourcing 101

Sourcing Supply Chain Beverage Predictive Analytics 101

Supply Chain View from the Field

SEPTEMBER 3, 2015

As an industry, companies would benefit by following the lead of other sectors such as the apparel and footwear industry, which realized that there was intrinsic value by pulling resources together to address sector-specific issues such as LCA data and protocols. The global apparel sector’s effort resulted in the development of the Higg Index, a universally accepted LCA tool and life cycle inventory database.

Chemicals 65

Chemicals Mississippi North Carolina Alabama 65

FLEXE

APRIL 12, 2017

In 2005, department stores alone sold $60 billion in apparel; in 2015, it was half with nearly $28 billion shifting to online retailers like Amazon. On-demand warehousing solutions make it possible to solve for inventory overflow and add fulfillment centers with little-to-no risk and no long-term lease agreements. Instead of having to invest in fixed assets, or working with only one 3PL, you can procure the space you need, when and for however long you need it.

Strategy 44

Strategy Innovation Warehousing Retail 44

Infosys Supply Chain Management

DECEMBER 31, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. The overall headline for 2012 will most likely be one of selective retailer profitability to those that were able to effectively weight and tailor investments in online sales and marketing program and selective promotions with sophisticated inventory management, demand sensing and overcoming customer fulfillment needs. Procurement Blog. About Us. Contact Us.

Apparel 23

Apparel Biotech SCM Georgia 23

Infosys Supply Chain Management

SEPTEMBER 22, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. By exchanging information such as inventory levels, forecasting data, and sales trends, companies can reduce cycle times, fulfill orders more quickly, cut out millions of dollars in excess inventory, and improve forecast accuracy and customer service. This results in excessive response times, costs and inventory due to forecast inaccuracy. About Us.

Procurement 25

Procurement Biotech SCM Asset Management 25

Logistics Bureau

NOVEMBER 27, 2016

Unilever has sustainability at the very heart of its business model, extending all the way through the supply chain from distribution to procurement. By taking an established concept (vendor-managed inventory) and turning it on its head, Amazon is making its entry into a new market less expensive and more practicable than it would otherwise be.

Sustainability 53

Sustainability Asia Case Study KPI 53

Vinculum

FEBRUARY 25, 2020

The stock warehouse with a vastly diverse inventory concept is still gaining prominence in the Philippines and hence Galleon.ph specializes in procuring products that are unavailable in the country. Globe online shopping caters to those looking for electronic devices, various gadgets, and apparel primarily, while also adding the option of customers choosing various post-paid network plans.

Philippines 40

Philippines Taiwan Singapore Indonesia 40

Elementum

APRIL 4, 2018

While they may not all be cheap, there are options for companies that want to weave domestic procurement into their supply chains. India and Vietnam might snag bigger shares of apparel and electronics manufacturing as US companies look to restructure their supply chains. If this is not yet possible, then building up an inventory of key components is a good short-term solution. US manufacturing activity dropped slightly in March.

Policies 69

Policies America Brazil Vietnam 69

Elementum

APRIL 4, 2018

While they may not all be cheap, there are options for companies that want to weave domestic procurement into their supply chains. India and Vietnam might snag bigger shares of apparel and electronics manufacturing as US companies look to restructure their supply chains. If this is not yet possible, then building up an inventory of key components is a good short-term solution. US manufacturing activity dropped slightly in March.

Policies 60

Policies America Brazil Vietnam 60

Infosys Supply Chain Management

OCTOBER 18, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Her shopping list typically runs across several store departments like fresh produce, dry grocery, apparel, cleaning-supplies, bath-ware, electronics and sports-goods. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38). About Us. Contact Us. Newsroom Investors Careers. Infosys Labs. Industries. Industries. Aerospace and Defense.

Biotech 25

Biotech SCM Asset Management Aerospace 25

Infosys Supply Chain Management

OCTOBER 19, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. When customers asked for future delivery dates, retailers mulled over the use of future inventory to satisfy future demand. In retail, ATP is used alongside future incoming inventory into the warehouse to commit delivery date to the customer. This is especially true for electronic and apparel items which form major chunk of retail business. About Us.

Biotech 21

Biotech SCM Asset Management Aerospace 21