Logistics Viewpoints

SEPTEMBER 13, 2021

Lean speaks of the seven wastes: overproduction, unnecessary transportation, inventory, motion, defects, over processing, and waiting. Lean initially became a popular continuous improvement methodology because of Toyota’s emergence as a leader in the automotive industry. The book was published in 1991. It does not.

Manufacturing Procurement 162

Manufacturing Procurement Agile and Lean Supply Chain Lean Manufacturing 162

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 239

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 239

Talking Logistics

OCTOBER 15, 2018

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.

Inventory Management Software 101

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 101

Supply Chain Shaman

SEPTEMBER 28, 2022

Last week, after booking an additional $1B in unexpected supplier costs in the third quarter, the CFO led the company’s focus on restructuring to “support efficient and reliable sourcing of components and internal development of key technologies and capabilities.” COVID impacts also continue. Don’t Be Like Ford.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

DELMIA Quintiq

JULY 31, 2023

The food and beverage (F&B) industry has always been highly responsive to changes in consumer behavior, but rising food prices have brought about new challenges—pushing manufacturers to search for new ways to adapt and remain competitive in a rapidly changing market. Solutions to overcome challenges in: 1.

Sourcing Strategies 156

Sourcing Strategies Supply Chain Planning Software Waste Reduction Price Reduction 156

Freightos

JUNE 15, 2021

When that stopped, the industry found itself in a crunch and within just months, prices took off by some 400%. When trying to book a specific slot on a container ship (yes, the ones that can handle the equivalent of 20,000 containers), prices have exceeded $16,000 (!). And it’s not just ocean freight. Credit: Lufthansa ). The answer?

Global 395

Global Supply Chain Price Reduction Supply and Demand 395

Supply Chain Shaman

NOVEMBER 15, 2021

Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Yes, a single year offsets twenty years of poor margins for a struggling industry. Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. Sitting waiting for a confirmed booking.)

Supply Chain Design Software 292

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

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 Supporting localisation – To increase resilience, means to decentralise sourcing.

Chemicals 113

Chemicals Saudi Arabia Cost Reduction Strategies Inventory Reduction 113

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Then you will need to know the inventory value at the end of the period.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Unleashed

JUNE 13, 2023

When calculating inventory costs, not all stock is alike. Knowing the different types of inventory and how they impact your costs is key to accurate stock control and best-practice accounting. The 23 Types of Inventory: What is inventory? In accounting, inventory is generally the largest current asset a company carries.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Manufacturing Procurement 52

Unleashed

JUNE 13, 2023

When calculating inventory costs, not all stock is alike. Knowing the different types of inventory and how they impact your costs is key to accurate stock control and best-practice accounting. The 23 Types of Inventory: What is inventory? In accounting, inventory is generally the largest current asset a company carries.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Manufacturing Procurement 52

Unleashed

JUNE 5, 2023

But if you’re on a tight budget, or you only deal with a handful of SKUs, the modern perpetual inventory method may be a little heavy for your basic needs. What is a periodic inventory system? A periodic inventory system is a method of accounting for inventory in which stock updates are made periodically.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

BlueYonder

AUGUST 17, 2023

What’s the real cost of inaccurate inventory management? IHL Services, a global research and advisory firm, estimates that inventory distortion — the combined cost of lost sales from out-of-stocks, along with the deep discounts required to sell overstocks — will drive a $1.77 trillion problem of inventory distortion.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Optimal Sourcing Purchasing Skills 52

Supply Chain Shaman

JULY 25, 2016

The research starts in April and stretches over many weeks as we analyze the different elements and understand the patterns of each industry. It is data driven research: a deep analysis of performance, improvement and Price to Tangible Book Value of 320 companies across 31 industries for the period of 2009-2015. Why do we do it?

Pharmaceutical 210

Pharmaceutical Supply Chain Design Supply Chain Strategy Supply Chain Planning 210

Supply Chain Shaman

JUNE 1, 2022

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. The problem is that most of it is the wrong inventory due to planning fallacies.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

Supply Chain Shaman

NOVEMBER 15, 2021

Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Yes, a single year offsets twenty years of poor margins for a struggling industry. Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. Sitting waiting for a confirmed booking.)

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

Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Yes, a single year offsets twenty years of poor margins for a struggling industry. Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. Sitting waiting for a confirmed booking.)

Supply Chain Design Software 195

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

BlueYonder

JANUARY 22, 2024

While this blog provides an overview of our key findings, the complete results are summarized in our new e-book, “Distribution Executives Agree: It’s Time to Up the Ante on Order Management.” It’s nearly impossible to re-allocate inventory in the most strategic, profitable way on the fly using manual processes.

Distribution 90

Distribution Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies 90

Supply Chain Shaman

SEPTEMBER 20, 2015

Source: Dictionary.com. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. This included monthly reviews between business units and central operations teams and adaptive inventory segmentation policies. It is systemic.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Game Changer

JUNE 8, 2021

The other factor I love about a career in Supply Chain (or in my case IT) is the fact that these skills are transferrable to many different industries as evident from my career path, High tech to gold mining to the movie industry. Keep current on what is happening throughout the industry and learn from others from their experiences.

Negotiating Skills 97

Negotiating Skills Purchasing Skills Industrial Industry 97

Supply Chain Shaman

JANUARY 31, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Source E2open Shipping Index). The reinvention of planning is needed, but it is hard to unwind the industry. I have been an industry analyst for two decades.

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

The Logistics & Supply Chain Management Society

NOVEMBER 25, 2023

One of the most valuable lessons from trade disruptions is the importance of diversifying sourcing locations. To safeguard against such risks, companies must explore multiple sourcing options. Additionally, maintaining inventory buffers safeguards against sudden demand spikes or supply shortages.

Sourcing Strategies 130

Sourcing Strategies Material Savings Inventory Reduction United Arab Emirates 130

Supply Chain Shaman

APRIL 30, 2020

The problem is that there is no clear supply chain leader in the pharmaceutical industry. The industry, with a typical operating margin of more than 20%, lags the distribution capabilities of other industries. The companies are just not good at managing inventories and orchestrating distribution strategies.

Supply Chain Design Software 357

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

BlueYonder

SEPTEMBER 7, 2023

In every role inventory availability and protecting the company’s assets was always critical. is a contributing factor, inaccurate inventory management process and systems remain a big driver of the out-of-stock problem globally. in the first quarter – primarily from inventory shrink. While increasing retail theft in the U.S.

Retail 110

Retail Inventory Reduction Real-time Visibility Supply Chain Design Software 110

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

FEBRUARY 7, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Source E2open Shipping Index). The reinvention of planning is needed, but it is hard to unwind the industry. I have been an industry analyst for two decades.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

MARCH 28, 2016

The first step in the journey is to analyze balance sheet results and understand industry trends. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. Analysis of Performance and Improvement by Industry on the Supply Chain Metrics That Matter.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Supply Chain Matters

APRIL 18, 2024

Since our inception as a supply chain management focused blog in 2018, Supply Chain Matters has continually provided examples and perspectives regarding what can be best described as an industry dysfunctional supply chain that is replete with key stakeholder conflicts. During the Covid-19 pandemic, the U.S.

Manufacturing Procurement 52

Manufacturing Procurement Pharmaceutical Purchasing Skills Sourcing Strategies 52

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Kinaxis

AUGUST 18, 2014

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Google wrote a great book, ZMOT, or Zero Moment of Truth. They want to assure the sourcing meets their “sustainable” expectations.

Modeling 263

Modeling Supply Chain Planning Software Supply Chain Strategy Inventory Reduction 263

EC Sourcing Group

JULY 20, 2023

The energy sector faces several unique procurement challenges, such as complex supply chains, volatile commodity prices, strict regulatory requirements, and the need for sustainable and socially responsible sourcing. Book a demo with us today to see firsthand how Simfoni’s best in class solution can supercharge your procurement function!

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Forecasting Software 52

SYSPRO Smarter ERP

DECEMBER 11, 2023

Minimize waste The renewable energy industry needs to limit waste as much as possible. It can track, manage and report the book value and depreciation of fixed assets. For period-end, companies can close the books quicker and report financials accurately.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 52

Supply Chain Shaman

SEPTEMBER 27, 2021

Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. Procurement processes–encumbered by a focus on paperless processing, RFPs/RFQs, and efficient procurement–do not embrace the capabilities and requirements of direct material sourcing. Current State of Visibility.

Supply Chain Planning Software 339

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 339

ThroughPut

NOVEMBER 16, 2021

Integration of multiple distribution channels Customer satisfaction Inventory and storage management End-to-end supply chain visibility. Amongst these challenges, inventory management impacts all others. Multiple distribution channels are also more effectively managed when on-time delivery of inventory is ensured.

Inventory Reduction 52

Inventory Reduction Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 52

ThroughPut

MAY 2, 2024

With cutting costs being the order of the day in most industries, that alone means a lot. From stockouts to increased costs, excess inventory, and reduced customer satisfaction, there are endless issues. Excess Inventory Excess or obsolete inventory is usually a result of maintaining high safety stock levels.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Modeling 52

Logistics Viewpoints

JANUARY 13, 2023

My kids, for example, are always interested in getting their hands on the newest Guinness Book of World Records, and seeing what kind of crazy things are in there. He has lost approximately $182 billion since November 2021, as estimated by Forbes, although other sources suggest that it could actually be closer to $200 billion.

Expense Reduction 214

Expense Reduction Inventory Reduction Material Savings Logistics Network Optimization Software 214

Unleashed

APRIL 2, 2024

The F&B industry added 1.4 We specialize in creating candles with scents inspired by books and literature – a niche we proudly pioneered.” This approach has not only helped in building a loyal customer base, but also in fostering a strong brand identity centred around the love for books and cosy reading moments.”

Cost Reduction Strategies 52

Cost Reduction Strategies Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52