Supply Chain Shaman

JUNE 15, 2018

My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies. Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together. This is especially true for the Titans. I was wrong.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. We hope these posts keep you on top of your game and informed. . 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

ThroughPut

MARCH 24, 2024

But with the advent of the information economy and Artificial Intelligence (AI), this process became data-driven. Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. Excess inventories lead to excess wastage. A common trend underlying these problems is ‘unpredictability’.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Supply Chain Shaman

MAY 22, 2013

The research tries to establish “ who did supply chain best ” by looking at a weighted formula of Year-over-Year Growth, Return on Assets (ROA), and Inventory Turns for the Fortune 500 companies. Inventory Turns values are based on an average of quarterly reporting for the past year. Inventory Turns is only part of the story.

Gartner 248

Gartner Pharmaceutical Supply Chain Chemicals 248

Logility

FEBRUARY 23, 2022

The annual FL100+ Top Software and Technology Providers honors leading software and technology providers that ensure a safe, efficient, and reliable global food and beverage supply chain. For more information about American Software, please visit www.amsoftware.com , call (626) 657-0013 or email kliu@amsoftware.com.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Demand Planning Software 130

Supply Chain Shaman

MAY 29, 2014

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. The more work that I do on trying to understand corporate balance sheet information and the connection to supply chain excellence, the more I realize how unqualified I was to vote.

Gartner 298

Gartner Inventory Reduction Supply Chain Planning Software Pharmaceutical 298

QAD

AUGUST 12, 2021

We will see the continued adoption of a wide range of sustainability efforts across manufacturing verticals, from automotive to food and beverage to life sciences. Like the companies highlighted above, many manufacturers now have published objectives and separate sustainability reports or incorporate the information in annual reports.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

The Logistics & Supply Chain Management Society

JULY 20, 2020

The rush to stockpile basic needs like food, beverages and toilet paper led to a dramatic increase in sales at retail outlets such as supermarkets. Existing data and information might be incomplete and inaccurate, feedback from the team might be delayed. is beyond information technology and more about exploring what the customer wants.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

3PL Insights

MAY 3, 2021

Our customers identified a need for a data insight tool that shows trends in their inventory and transactions,” Evans says. We also accounted for the variables in our customer accounts to allow full manipulation of the visualizations considering time frame, facility, SKUs and inventory units,” Evans says. This is only the beginning.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Software Tools Distribution 52

Unleashed

MARCH 6, 2023

But they’re especially useful in fast-moving consumer goods (FMCG) categories such as food and beverages. This article breaks down how to create a marketing plan for the food and beverage industry, plus the benefits of having one. Here are four more major benefits of a food and beverage marketing plan.

Beverage 52

Beverage Food Resource Reduction Cost Reduction Strategies 52

RFgen

MAY 8, 2016

This requires companies to closely monitor another dataset beyond average supply chain logistics management information. Proper temperature prevents certain inventory from becoming unusable and keeps consumables safe for customers. The post Keeping Inventory Cool: Challenges of Temperature Control appeared first on RFgen.

Inventory 52

Inventory Pharmaceutical Supply Chain Planning Software South America 52

RFgen

MAY 8, 2016

This requires companies to closely monitor another dataset beyond average supply chain logistics management information. Proper temperature prevents certain inventory from becoming unusable and keeps consumables safe for customers. The post Keeping Inventory Cool: Challenges of Temperature Control appeared first on RFgen.

Inventory 52

Inventory Pharmaceutical Supply Chain Planning Software South America 52

ThroughPut

AUGUST 24, 2021

But with the advent of the information economy and Artificial Intelligence (AI), this process became data-driven. Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. Excess Inventori es : Excess inventories lead to excess wastage.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Elementum

JANUARY 16, 2024

Regularly reevaluate your processes, tools, and performance metrics, and make adjustments as needed to maximize efficiency and effectiveness. A manufacturing company automated its supply chain management system, leading to better inventory tracking and reduced lead times 3. Let us explore some key examples.

Supply Chain Software 78

Supply Chain Software Cost Reduction Strategies Resource Reduction Inventory Reduction 78

Kinaxis

FEBRUARY 22, 2018

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022. As with any industry, food and beverage faces its own unique set of supply chain challenges, including: Expiring ingredients, manufactured product and packaged goods.

Vendor Strategies 150

Vendor Strategies Inventory Reduction Beverage Modeling 150

ThroughPut

AUGUST 12, 2021

Food and Beverage (F&B) companies operate under unique market conditions, such as high market volatility. The industry faces losses worth billions due to excess inventory, heavy discounting, and unavailability of stock. Better inventory management. Higher profitability and revenue predictability.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction S&OP Scenario Planning 52

Supply Chain Matters

APRIL 28, 2023

The focus often turns to improvements in working capital efficiencies, inventory and capacity management in addition to more efficient asset management. Such decisions can relate to either maximizing inventory or product demand fulfillment, minimizing changeovers or inventory consumption.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

SYSPRO Smarter ERP

MARCH 14, 2022

Food and beverage manufacturing and distribution companies usually operate on smaller margins than most organizations in other industries. Unfortunately, a significant chunk of food and beverage companies’ raw materials are commodities, whose prices don’t just fluctuate from month to month but can change hour-by-hour.

Manufacturing Procurement 105

Manufacturing Procurement Cost Reduction Strategies Material Savings Beverage 105

Unleashed

AUGUST 18, 2021

Read more: The 10 inventory management trends to watch for in 2022 Reverse logistics is another name for a backwards supply chain What steps make up the reverse logistics process? It is becoming more common for food & beverage companies, for instance, to collect, clean and reuse boxes, bottles and barrels.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98

DynaSys

JANUARY 13, 2021

However, overall supply (in 2019’s case overall beverage supply) usually accommodates demand. Others, such as food & beverage experienced earthshaking shifts in demand to which most players were ill-equipped to quickly adjust. This places the focus on supply and inventories (see Takeaways section below).

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 62

Cognira

DECEMBER 20, 2022

Dispose of waste properly: For retail businesses, waste is a major issue, especially for food and beverage establishments. 38% say clearer information about sustainability features would make them want to purchase sustainable clothing. They are simple to install, can save you a significant amount of energy, and decrease your expenses.

Waste Reduction 52

Waste Reduction Inventory Reduction Expense Reduction Material Savings 52

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 106

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 106

Supply Chain Trend

DECEMBER 22, 2023

Cassy defines Decision Intelligence as “the discipline of turning information into better actions at any scale” , highlighting that the days of information, insights and BI are over, or at least not enough anymore. Below picture shows an overview of demand & supply balancing options in a global beverage business.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

6 River Systems

JULY 21, 2020

On the other hand, if there is an excess of supply compared to the demand, the business has to bear inventory costs and other overhead costs to store and manage the unsold goods, which also affects the profitability of the business. It can also be altered to provide information on the best actions to take in different possible scenarios.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Modeling 52

IQMS

OCTOBER 18, 2019

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. Journal Of Management Information Systems , 32 (4), 4-39. Source: DHL, Artificial Intelligence in Logistics, 2018 (PDF, 45 pp.,

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73

Unleashed

DECEMBER 28, 2021

One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. Read more: What is Inventory Management? In this article we outline the 15 best methods you can use to reduce inventory: Why do businesses reduce inventory?

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

RFgen

FEBRUARY 13, 2020

Fixed assets, comprised of high value, long-term use inventory, can cost $260,000 per hour in unplanned production downtime if mismanaged. Fixed assets represent high-value inventory and can take many forms. Failure to accurately track key metrics can lead to huge losses down the road. Fixed assets may include: Vehicles.

Supply Chain Planning Software 55

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Optimization Software 55

RFgen

FEBRUARY 13, 2020

Fixed assets, comprised of high value, long-term use inventory, can cost $260,000 per hour in unplanned production downtime if mismanaged. Fixed assets represent high-value inventory and can take many forms. Failure to accurately track key metrics can lead to huge losses down the road. Fixed assets may include: Vehicles.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Optimization Software 52

Logility

JULY 20, 2023

Your business can use it to create a demand plan, which will help you set inventory levels, plan production, create manufacturing schedules, and drive other parts of your supply chain. The software can then be used to adjust the forecast based on any additional information that’s available, such as promotions and other market changes.

Supply and Demand 187

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 187

RFgen

SEPTEMBER 28, 2015

Inventory management strategies surrounding traceability must account for seasonal demand for products. Inventory workers must track products as they move through the warehouse to ensure nothing gets left behind. Businesses also need to keep recording information to stay on top of changes. Sometimes seasons change.

Supply and Demand 52

Supply and Demand Manufacturing Procurement Supply Chain Software Inventory Reduction 52

RFgen

SEPTEMBER 28, 2015

Inventory management strategies surrounding traceability must account for seasonal demand for products. Inventory workers must track products as they move through the warehouse to ensure nothing gets left behind. Businesses also need to keep recording information to stay on top of changes. Sometimes seasons change.

Supply and Demand 52

Supply and Demand Manufacturing Procurement Supply Chain Software Inventory Reduction 52

RFgen

MAY 5, 2016

When products spoil quickly or contaminants infect merchandise, it’s essential to implement a new inventory management and supply chain logistics solution. Incidents like this seem increasingly prevalent as news sources rush to inform consumers about any products that may be contaminated.

Food 52

Food Manufacturing Procurement Inventory Management Software Procurement Analytics 52

RFgen

MAY 5, 2016

When products spoil quickly or contaminants infect merchandise, it’s essential to implement a new inventory management and supply chain logistics solution. Incidents like this seem increasingly prevalent as news sources rush to inform consumers about any products that may be contaminated.

Food 52

Food Manufacturing Procurement Inventory Management Software Procurement Analytics 52

Logistics Viewpoints

NOVEMBER 3, 2022

Like any intelligent system, your LMS is only as smart as the quality of content you feed it and the ability to quantify that information. The latter refers to a single variable standard (SVS), by which one metric, such as cases per hour, is expected to tell all. Inventory mix. Ad infinitum. Work proceeds uninterrupted.

Supply Chain Design Software 212

Supply Chain Design Software Optimization Software System Logistics Network Optimization Software 212

Unleashed

APRIL 15, 2020

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation?

Inventory Reduction 89

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 89

RFgen

APRIL 20, 2023

OVERVIEW: Overview of Mobile Inventory Solutions What Problems Does Mobile Inventory Solve? With the growing reliance on digital technologies and reliable data, Oracle Fusion Cloud SCM has emerged as a powerful platform, enabling organizations to optimize their inventory control practices.

Inventory Management Software 52

Inventory Management Software SCM Inventory Management Supply Chain Planning Software 52