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.”

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story.

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8 Inventory Costing Methods That You Might Not Know About

EMERGE App

Inventory costing or valuation is an accounting concept that has a direct impact on your gross profit and thus taxable income. Methods of valuing inventory are simply different cost-flow assumptions about how to allocate your cost of goods available for sale. Retail Inventory Method.

What is Supply Chain Compliance and Why is it Important?

AB&R

In addition, several agencies such as the Food and Drug Administration (FDA) require unique device identifiers (UDI) usually in the form of barcodes to contain information such as manufactured date and lot number to provide traceability. Arizona.

My Video Call with Santa Claus

Logility

Our call was scheduled quite early for me in Arizona since Santa’s HQ had adopted GMT as the standard time. Santa also wants to take advantage of all the new information available through the SC planning platform to optimize inventory. Update on the Christmas Express Supply Chain.

Video 141

6 Supply Chain Trends to Watch in 2019

AB&R

Plus, thanks to our great employees, we were named as one of the Top Companies to Work for in Arizona for the fourth year in a row. Barcodes are critical to helping you manage inventory, and when a vendor or partner of yours can’t scan your barcode, problems arise.

Defining Supply Chain Excellence: One Column at a Time

Supply Chain Shaman

Instead, what I observed when I looked at the data, was that most companies that I had worked with (in my role as an industry analyst, I had worked with over 300) were going backwards on margin and inventory turns. This work is based on a collaborative project with Arizona State University.

Let the Qs Begin

Supply Chain Shaman

Supply Chain Improvement is based on the work that we completed with an Arizona State University Operations Research team to determine the Supply Chain Index. There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked.

Omni-Channel Supply Chains Are Changing Everything You Ever Learned in School…

Supply Chain View from the Field

A senior executive from a large global manufacturer came to speak in my MBA class this week, and discussed the major shifts in global business that was occurring due to the emergence of omni-channel capabilities in the supply chain. This view of the supply chain is focused primarily on how we get inventory to the customer. He pointed out that the customer doesn’t care which division owns the inventory – they just want the product whenever and wherever they desire.

The Avnet Tech Games IX Welcomes The Inaugural JDA Supply Chain Challenge

Supply Chain Nation

Saturday, April 12, the University of Advancing Technology campus in Tempe, Arizona will once again serve as the host for the Avnet Tech Games , now in its ninth year. Uncategorized capacity forecasting inventory pricing

Top 15 Supply Chains to Admire from the Supply Chain Insights Conference

Kinaxis

by CJ Wehlage The Supply Chain Insights annual conference was held on September 10-11, 2014 at the Phoenician in Scottsdale, Arizona. While other “lists” use ROA, Inventory Turns and Revenue Growth, I find Lora’s science very objective.

Chuck Intrieri Executive Profile

The Logistics of Logistics

Chuck Intrieri is a: Certified Value Engineer (VE), Certified Purchasing Manager (CPM), Certified Production and Inventory Control Manager (CPIM), and is Lean Certified all of which attests to his deep understanding of operations and logistics beyond the confines of the purchasing function. Evolve Dental Technologies, Inc, Virtu USA, and many other large and medium sized companies in Illinois, Michigan, Arizona and Orange County, CA.

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement.

Mush

Supply Chain Shaman

I just don’t think the comparison of very different industries in a spreadsheet based on growth, inventory values, and Return on Assets (ROA) is meaningful. Mush is a thick cornmeal pudding boiled in water or milk. It sits until the gel forms a semisolid state.

Time for a Mea Culpa?

Supply Chain Shaman

On the 2nd of April, I sat before a board discussing how a company could exceed expectations in the delivery of Return on Invested Capital (ROIC) and superior operating margins and fail at the delivery of customer service and inventory. It is a slow week. Most of my friends are on vacation.

Evolution of the Warehouse: How it Adapted to E-Commerce and New Technology Trends?

AFFLINK

Coronado added that e-commerce will impact distribution networks as much as companies building manufacturing plants in foreign nations to save money affected the networks in the past. A white paper by the Arizona State University W.P.

The Impact of the Coronavirus Crisis on Reverse Logistics

Enterra Insights

Carey School of Business at Arizona State University, writes, “The coronavirus has disrupted U.S. ”[1] He adds, “Dependence on China for their manufacturing has put small and midsize businesses in jeopardy. Nearly thirty years later, the term has become firmly cemented in the lexicon of supply chain management professionals and the practice of reverse logistics continues to increase in importance to businesses, retailers, and manufacturers.

Do No Harm…

Supply Chain Shaman

Despite two decades of advancement in supply chain technologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. The greatest gap is in the design of supplier and manufacturing networks.

Sales and Operations Alignment: Often The Missing Link

Supply Chain Shaman

Orbit Chart Comparing Syngenta and Monsanto Progress on the Effective Frontier – Balancing Inventory Turns and Operating Margin for the Period of 2005-2014. Orbit Chart of Syngenta and Monsanto of Progress on Operating Margin and Inventory Turns.

Was Integrated Planning a Hoax?

Supply Chain Shaman

However, what is clear from our recent study of 73 manufacturers using supply chain planning is that companies using best-of-breed solutions implement faster, achieve a quicker Return-on-Investment (ROI), and are more satisfied. Hoax: An act intended to deceive or trick.

5 Ways Automation Will Change the Business Landscape

ThroughPut

Retailers like Walmart , Giant Eagle and Amazon have been using robots extensively for a wide variety of tasks, including cleaning, inventory management and loading and unloading merchandise. “It’s

Raise a Toast to Digital Business!

Supply Chain Shaman

Manufacturing is core to the middle class and a healthy economy. The word digital is everywhere in their presentations– digital path to purchase, digital agriculture, and digital manufacturing. Manufacturers are behind other sectors like insurance and banking.

Top Supply Chain Articles of 2015

Cerasis

As we head into 2016, we are featuring our most read articles of 2015 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. Yesterday we published the top 10 most read manufacturing articles of 2015. . As with the manufacturing articles, infographics tend to stand out as they are a quick way to consume a lot of information. The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI.

When the Heavy Hand of Government is Not a Burden

Supply Chain @ MIT

As the demand for PPE has soared manufacturing capacity has become constrained, and some distributors are citing supply concerns. The State of Ohio, for example, is buffering its PPE inventories, for example.

Supply Chain Predictions for 2018: Real-Time, Innovation, Cognitive, Blockchain, Industry-Academic Partnerships, and Taking a Stand!

NC State SCRC

Linton] co-authored The Living Supply Chain , which argues that “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory.

Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

When I sat down to write the book, Bricks Matter, I believed that companies had used supply chain technologies to reduce operating margin and improve inventory turns. Resiliency: The pattern or reliability of results at this intersection of operating margin and inventory turns.

The Future of Supply Chain

FLEXE

Dale Rogers, ON Semiconductor Professor of Business, Arizona State University. In the not too distant future, we could see major changes not just in retailing and transportation, but also manufacturing and real estate.

The Future of Supply Chain

FLEXE

Dale Rogers, ON Semiconductor Professor of Business, Arizona State University. In the not too distant future, we could see major changes not just in retailing and transportation, but also manufacturing and real estate.

SCM Technology Leaders JDA and RedPrairie to Merge

Supply Chain Network

To address ever-increasing complexities, manufacturers and retailers increasingly seek best-of-breed solutions and specialized domain expertise for planning and execution. This unique combination will provide retailers and manufacturers with extraordinary capabilities to meet the needs of hyper-connected, mobile consumers. It will be the single best source of software products and domain expertise for manufacturers and retailers.

SCM 88

50 expert tips on logistics planning and strategy

6 River Systems

” — William Verdini, associate professor and chairman of the Supply Chain Management Department at Arizona State University’s Carey School of Business, as quoted in The Importance of Education in Supply Chain Management , Reliable Plant; Twitter: @NoriaCorp.

Five Tips on Sourcing Products From China

EMERGE App

This underscores the importance of China being the world’s manufacturing hub in the past decade, and most likely for the next few decades. And it’s not just an immense and low-cost labour force that has given Chinese manufacturers a competitive advantage. Introduction.

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.