Supply Chain Shaman

JUNE 19, 2013

The chemical and consumer electronics industries have made the most progress. It comes in many flavors–increase in inventory, changes in sales policies, new product lines– all add to the complexity. The only industry that has made progress in inventory management is consumer electronics. Balance Remains an Issue.

Forecasting 271

Forecasting Supply Chain Planning Software Agile and Lean Supply Chain Forecasting Software 271

Supply Chain Shaman

APRIL 30, 2020

The companies are just not good at managing inventories and orchestrating distribution strategies. The average demand latency for a grocery retailer is eighteen days, three weeks for consumer manufacturers, and six-to-nine months for chemical companies. Localize supply—design inventory strategies to include buffer strategies.

Supply Chain Design Software 357

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Software 357

Supply Chain Shaman

JUNE 23, 2020

I am also developing a framework for my new book. Orbit Chart for Ecolab at the Intersection of Inventory Turns and Operating Margin Versus the Chemical Industry for the Period of 2010-2019. For example, the higher the demand variability, the more the company needs greater capacity in manufacturing assets and inventory buffers.

Supply Chain Design Software 292

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 292

Supply Chain Shaman

JULY 3, 2015

Inventory Turns (15%) (based on 2014 results). As a result, when the spreadsheet is sorted, a chemical company is stack-ranked against a retail player, and a high-tech company against a food distributor. A Three-year Weighted Return on Assets (ROA) Number (25%). Growth 10% (Year-over-Year comparison of 2013 versus 2014).

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

Supply Chain Shaman

MAY 13, 2015

Forty years ago as a chemical engineering student, I learned the tedious craft of chemical plant design. Getting good at factory design is a merit badge of sorts for the chemical engineer. Getting good at factory design is a merit badge of sorts for the chemical engineer. In this position, we designed real-world plants.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Agile and Lean Supply Chain 150

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. Orbit Chart for L’Oréal at the Intersection of Inventory Turns and Operating Margin.

Case Study 263

Case Study Inventory Reduction Agile and Lean Supply Chain Study 263

Supply Chain Shaman

MAY 17, 2015

2) Inventory is a Hot Potato that No One Wants, but Everyone Needs To Own… In the process of feeding the beast, inventory is a hot potato that no one wants, but everyone needs to own. Figures 4A and 4B: Orbit Charts in Pharma and Chemical Industries. Many companies have a number of misconceptions on inventory management.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Supply Chain Software 150

Supply Chain Shaman

SEPTEMBER 9, 2015

In our analysis of the 2015 Supply Chains to Admire work, we analyzed 320 companies in 23 industries on growth, operating margin, inventory turns and Return on Invested Capital (ROIC) for the time period of 2006-2014. Tomorrow, we will celebrate this accomplishment with three of them: General Mills, Intel, and Eastman Chemical.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain 150

Supply Chain Shaman

OCTOBER 25, 2013

It is a quest and the subject of my next book, Metrics That Matter , that will publish in September, 2014. A chemical company just should not be compared to a high-tech company using this methodology. And, recently, Procter & Gamble is more focused on improving inventory turns. ” As I shuffle along, I am not sure.

Gartner 257

Gartner Supply Chain Strategy Supply Chain Software Supply Chain 257

Vanguard Software

JULY 16, 2021

Supply Chain Dive – Stockouts worsen for the chemical industry as shipping delays exacerbate inventory woes. ASCM – U se Dynamic Pricing Strategies to Solve Inventory Challenges. When the initial lockdowns triggered a collapse in car sales, automakers immediately slashed orders for parts.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Price Reduction Forecasting Software 52

Resilinc

OCTOBER 11, 2022

But in his 2021 book “ Sense and Sustainability ,” Chaturvedi shows he’s an idealist as well as a realist. As a consumer, let us say, you are given a choice between two identical iPhones—one that was made in China with Just-in-Time inventory management, and the second made in the U.S., Obviously, most will choose the cheaper iPhone.

Manufacturing Procurement 62

Manufacturing Procurement China South Carolina Mexico 62

Supply Chain Shaman

AUGUST 26, 2015

Vendor Managed Inventory processes–once hailed as the panacea of demand sensing–largely operate in isolation within sales organizations (of the thirty-three organizations that we interviewed last year, no market leader has connected these demand signals). However, it was the stark reality of the economy that was my wake-up call.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Supply Chain Shaman

JULY 15, 2013

I see the concepts of becoming demand-driven as yesterday’s news and have advanced the concepts to become market-driven in my book Bricks Matter ; but to my amazement, as I watch people parrot the words, I am constantly amazed by how FEW people REALLY understand the concepts. Let me give you an example. What are the real benefits?

Supply and Demand 252

Supply and Demand Vendor Strategies Inventory Reduction Price Reduction 252

USC Consulting Group

JANUARY 10, 2022

Some operations consultants are advisory consultants, or “boardroom consultants” who perform a two- to three-week study and provide a book of recommendations to help you out, and then hand it to you and go on their way. It’s a useful process, but we’ve found it’s missing a critical area: Inventory.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Inventory Reduction 40

Arkieva

MARCH 10, 2017

In chemicals at least, the best-in-class manufacturers are running at an inventory to sales ratio of 8% or so, while their competitors struggle to maintain adequate service at an inventory to sales ratio of 12% or even higher. A reasonable set of metrics to start with are: Receivables and inventory levels.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Forecasting 60

Supply Chain Shaman

MARCH 6, 2015

Note that they are pushing progress faster than their peer group and outperforming in all areas except inventory turns. If L’Oreal had performed above the industry sub-segment for inventory turns, they would have made the list for the Supply Chains to Admire for 2014. Table 1: Supply Chain Results Beauty Category.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 150

Supply Chain Shaman

JANUARY 18, 2016

Table 1: Contract of Growth, Operating Margin, Inventory Turns and Cash-To-Cash for Consumer-Facing Industries. Only beauty, chemical and Over-The-Counter (OTC) Drugs made progress in operating margins. In parallel, take a closer look at inventory turns where only pharmaceutical companies made slight progress.

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Supply Chain Software Manufacturing Procurement 150

The Logistics & Supply Chain Management Society

SEPTEMBER 25, 2020

The GCC chemical industry is second largest manufacturing industry in value add, after refining. 2017 Facts and Figures report by Gulf Petrochemicals and Chemicals Association (GPCA), the chemical industry accounts for 3.1 Following COVID-19 the global chemical supply chain market reported a severe decline in output.

Chemicals 113

Chemicals Saudi Arabia Cost Reduction Strategies Inventory Reduction 113

Unleashed

FEBRUARY 5, 2019

Accounting cost methods are used to control how a businesses inventory expenses appear on the company books. The weighted average is an accounting cost method used to value a company’s inventory by applying the average cost of on-hand inventory to each item of inventory stock. When to use weighted average costing.

Purchasing Skills 60

Purchasing Skills Inventory Manufacturing Procurement Procurement Solutions 60

Supply Chain Shaman

MAY 14, 2013

Consumer Packaged Goods (CPG) and chemical companies are close behind, but they are having difficulty “taking the hill.” When companies look at singular metrics (labor costs or inventory), they have moved backwards. These reports will be the foundation of the new book that we are writing for 2014.

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 255

Supply Chain Opz

NOVEMBER 9, 2014

Therefore, a firm would be well served to develop a supply chain strategy as described in my book: Supply Chain Transformation. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. These are three examples: Rule 3.1:

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

The Logistics & Supply Chain Management Society

SEPTEMBER 25, 2020

In supply chain, remote inventory management which replaces the cumbersome routine labor of counting screws and switches will be part of the new automated supply chain paradigm. Knowing where inventories and goods in transit are and what they encounter is the prerequisite for timely decision-making to prevent delays, damages, and theft.

Supply Chain Software 100

Supply Chain Software Supply Chain Planning Software Agile and Lean Supply Chain Modeling 100

Supply Chain Shaman

NOVEMBER 29, 2015

In contrast, it took the average chemical company or automotive supplier five-to-eight months. Inventories are high, and we have excessive ocean capacity. Lora wrote the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 0

Requis

APRIL 23, 2020

Demand is changing because we won’t be ordering meals in restaurants for a long time, and as a result our inventories are now wrong. Lora Cecere earned a BSc in chemical engineering at a time when women weren’t supposed to be in science or math. We need to redesign these supply chains to deliver what consumers want.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 52

Logistics Viewpoints

AUGUST 18, 2023

and European companies may last longer than expected as they try to sell off their bulging inventories in an economic climate where demand is stalling. The PCA has temporarily lowered the availability of booking slots from August 8-August 21 for Panamax vessels, which are the largest vessels that can cross the canal.

Logistics Network Optimization Software 165

Logistics Network Optimization Software Logistics Panama Washington 165

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Sitting waiting for a confirmed booking.) Much of the inventory on the ships at sea will miss the essential seasonal windows. Time For Action. What can we learn?

Supply Chain Design Software 292

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 292

Supply Chain Shaman

JUNE 15, 2015

In high-tech, supply chain planning is more important than in other industries like chemical, pharmaceutical, consumer packaged goods and retail. It bundles Integrated Business Planning, a Supply Chain Control Tower, Inventory and Demand/Supply planning into a new cloud-based architecture based on HANA.

Supply Chain Planning Software 150

Supply Chain Planning Software SAP Supply Chain Planning Supply Chain Software 150

Supply Chain Game Changer

NOVEMBER 17, 2018

The team reduced finished-goods inventory by 50% and reduced the assembly and test line production variances by 50% in 9 months. I was in a bookstore, back when there were bookstores, and found two books that changed my life forever. It’s exciting to solve a consumer goods need with something that worked for a chemical company.

Gartner 74

Gartner Manufacturing Procurement Optimal Sourcing Supply Chain Software 74

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Sitting waiting for a confirmed booking.) Much of the inventory on the ships at sea will miss the essential seasonal windows. Time For Action. What can we learn?

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Sitting waiting for a confirmed booking.) Much of the inventory on the ships at sea will miss the essential seasonal windows. Time For Action. What can we learn?

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

JUNE 15, 2015

In high-tech, supply chain planning is more important than in other industries like chemical, pharmaceutical, consumer packaged goods and retail. It bundles Integrated Business Planning, a Supply Chain Control Tower, Inventory and Demand/Supply planning into a new cloud-based architecture based on HANA.

Supply Chain Planning Software 135

Supply Chain Planning Software SAP Supply Chain Design Software Supply Chain Planning 135

Arkieva

JANUARY 6, 2017

View the full post or view the snippet below: I was talking to a director of demand planning for a big chemical company at a trade show a few months ago. Arrange your inventory based on how often you need to use it. They should create shock absorbers by way of safety buffers, be it inventory, capacity or other supplies.

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

Supply Chain Shaman

FEBRUARY 23, 2017

The composite of metrics includes growth, operating margin, inventory turns and Return on Invested Capital.) In our analysis BASF outperformed their chemical industry peers while driving improvement at a 60% level when compared to the peer group. This trend was characteristic of the chemical industry. Inventory Turns.

Agile and Lean Supply Chain 155

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design Supply Chain Planning Software 155

Talking Logistics

OCTOBER 17, 2016

Mariotti, former president of Rubbermaid Office Products Group and Huffy Bicycles, in his book The Complexity Crisis. Mariotti states that you first have to measure it, and he outlines several metrics and techniques in the book, including ranking customers by annual sales, profit, and gross margin percentage.

Waste Reduction 100

Waste Reduction Agile and Lean Supply Chain Six Sigma Supply Chain Optimization 100

Logistics Viewpoints

DECEMBER 2, 2022

Another large Santa agency, Cherry Hill Programs, is back up to pre-pandemic booking numbers for their 1,400 or so Santas working at more than 600 malls and other spots this year. The application then maps the information, highlighting current inventory selection and quantity at each location, the Amazon unit said.

Logistics Network Optimization Software 189

Logistics Network Optimization Software Waste Reduction Vendor Strategies Expense Reduction 189

Unleashed

SEPTEMBER 13, 2021

Here we help you answer these questions with an overview of the B2B landscape, including: How B2B marketplaces work The pros and cons of B2B marketplaces The range of types of B2B marketplace The top B2B marketplaces around the world Read more: Try the eCommerce inventory management software that unleashes your growth What are B2B marketplaces?

Supply Chain Design Software 98

Supply Chain Design Software Purchasing Skills Inventory Management Software Logistics Network Optimization Software 98

Unleashed

JULY 11, 2021

Making a product sustainable – ensuring the product is efficient – means choosing energy-efficient manufacturers and manufacturing methods, decreasing water usage and chemical inputs, and by using renewable, non-polluting energy sources. Sustainability is measured by efficiency and the impact on social, financial, and environmental variables.

Sustainability 98

Sustainability Manufacturing Procurement New Zealand Waste Reduction 98