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most important books for the academic field of SCM (‘must-reads’)?” Patterson, and (6) Foundations of Inventory Theory by Paul Zipkin. This list compares well with a list of the 10 Greatest Supply Chain Management Books of All Time identified based on Google Scholar. Monczka, Robert B.
Lots and lots of articles point to the fact that its from the French word " Logistique " which first appeared in the book " The Art of War " in 1838 by Baron Henri de Jomini who was the general in French army during Napoleons time. Image credit Google Books. Image Credit : Google Books. Image Credit : Google Books Project.
This is without losing track for even a moment of any one item, order, shipment, inventory movement, transfer, shipment, delivery, launch, promotion, project, resource, person, booking, lorry or vessel… plus much more.
We’ve compiled a list of 10 great supply chain analytics books to help you better understand the concepts and strategies behind this vital business field. From foundational reads to more advanced topics, these books will help you start your journey into the world of supply chain analytics!
We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”
What stands out foremost in the book as the underlying factor of Pixar’s success is what they call the “Braintrust”. Others in the organization are required to collaborate and creatively determine how to best balance supply & demand while optimizing company objectives (margin, inventory, revenue, etc.).
In this article, we rank books based on their influence, popularity, recency and practicality and then we come up with the list of the best supply chain books. Finding Best Supply Chain Books We've found that most recommendations for on the web are based on just personal opinion. A number of citations of the books are collected.
The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. What Drives Inventory Effectiveness?
This article will show you 5 amazing logistics books that provide the information you can really use. Background Previously we published the article named " 10 Greatest Supply Chain Management Books of All Time ". The feedback from readers are that they like the article about top 10 books very much. Coyle, Robert A.
Background According to the book " Steve Jobs " by Walter Isaacson, Steve Jobs returned to Apple in 1997. The company held $500 million of inventory which was about 2 months coverage, much more than those of the other technology companies. By September of 1998, inventory level was down to 6 days.
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. In fact, the teams ignore the forecast. Does it work?
Inventories can become obsolete or exceed the anticipated demand. Inventory Turnover. Inventory Turnover is a traditional financial measure to determine how efficient company uses its financial resources to create sales, the higher number is the better. Generally accepted calculation is [Cost of Goods Sold / Average Inventory].
Here is the list: Supply chain technology implementations have reduced inventory. However, based on the research for the book Bricks Matter , I now sadly know that only one of these statements is true. Here they are: The Lie of Inventory Reduction. ” I played three lies and a truth with the group. The reason?
So people are led to believe that SCM is a "function" which it''s not. Real world example is that a "new boss" ask you to cut cost by 10%, improve service level by 15%, double inventory turns and so on. Check out our articles about supply chain book , supply chain case study and supply chain strategy for more details.'
Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.
Supply Chain Management (SCM) concepts are now thirty-years old. Today, most supply chain professionals believe that the supply chain planning solutions have driven steady progress to reduce costs, improve inventories and speed time to market. Why it Matters More than Ever. Facing the Supply Chain Plateau.
Each of the sections on the microsite includes a wealth of resources, including infographics, e-books, and videos to help you prepare your business to GO forward. This results in greater fulfillment complexity, greater costs, and lower inventory turns. GO End-to-End.
So people are led to believe that SCM is a "function" which it''s not. Real world example is that a "new boss" ask you to cut cost by 10%, improve service level by 15%, double inventory turns and so on. Check out our articles about supply chain book , supply chain case study and supply chain strategy for more details.'
I then recommend that the business augment the SAP SCM functionality using best-of-breed, industry-specific optimization. Why I Believe SAP SCM Is a Risk to Your Business. So, it is in their best interest to support the implementation of SAP SCM software.). The SAP solution is better than the Oracle SCM solution for planning.
In Part 1: An S&OP Q&A with SCM World’s Kevin O’Marah we discussed the drivers impacting S&OP, the value of the process and the changing rhythm of S&OP meetings. These organizations end up with a better grip on the measurements of tradeoffs, cost to serve, capital spending decisions, and inventory costs.
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. Nine out of ten are stuck unable to make improvements in these Supply Chain Metrics That Matter.
They were one of the early pioneers of voice recognition technology, and produced a device about the size of a small paperback book, that had an active vocabulary from 300 to 10,000 words. After reading a recent article in SCM World by Kevin O’Marah, I learned that CPG companies have felt extreme upstream pressure, as he puts it.
The Acquisition Is a Mixed Bag for the Inventory Management Market. While this acquisition rolls up assets across three planning horizons in the inventory optimization market, I think the impact of this acquisition is less clear on the future of the inventory optimization market than for the network design software market.
I then recommend that the business augment the SAP SCM functionality using best-of-breed, industry-specific optimization. Why I Believe SAP SCM Is a Risk to Your Business. The SAP solution is better than the Oracle SCM solution for planning. So, why do I not believe in SAP SCM 7? Here is my advice. Let’s face facts.
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:
While many consultants argue on the name–the debate rages with strong arguments of “Should it be Integrated Business Planning (IBP), Sales Inventory and Operations Planning (SIOP), or consensus planning?”–the
For example, we use pareto analysis to segment inventory into 3 groups. 10 Greatest Supply Chain Management Books of All Time. SCM-Operations is now SupplyChainOpz. Then, lets take a look how other strategies emerge. Supply chain professionals learn how to divide things into groups (segmentation) for a long time. A Case Study.
While ERP is effective, and needed as a system of record, the SAP APO and HANA technologies and the Oracle SCM tools do not support good planning processes. In my work on Supply Chain Metrics That Matter, I realize how little real progress the average company has made in improving operating margin and inventory turns.
In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. In July 2013 E2open announced it acquired supply chain vendor icon-scm , and in June 2014 E2open announced its acquisition of SERUS Corporation, a “cloud-based manufacturing and product management provider.”
million SaaS bookings ii quarter, with record Q4 revenue and 55% Q4 Adjusted EBITDA i growth underscoring our solid execution. SaaS subscription bookings ii (measured on an ARR ii basis) were $6.5 SaaS subscription bookings ii (measured on an ARR ii basis) were $17.3 Mark Bentler, chief financial officer of Tecsys Inc.,
Supply chain management spans many functions and processes, including demand planning, sourcing, merchandising, supplier relationship management, inventory management, inbound and outbound transportation, distribution management, and store operations. How much inventory do we have across our network? Where’s my shipment or truck?
Recently, I read Magnus Carlsson’s book, Strategic Sourcing and Category Management: Lessons learned at IKEA. The book is a masterful composition and guideline of how a procurement and sourcing organization can start building a quality infrastructure by gaining inspiration from IKEA’s triumphs and failures. Check out Want Success?
This means tracking everything from customer relations to inventory management, financial investments, transportation and delivery processes, and workflow processes. Read More: 10 Must-Read Supply Chain Analytics Books for 2023 ] The benefits of SCM analytics are numerous. What are some examples of Supply Chain Analytics?
It demonstrates that supplier can use cash, receivables or sell inventory to pay short term debt (minimum ratio is 1.0). 10 Greatest Supply Chain Management Books of All Time. SCM-Operations is now SupplyChainOpz. Current Ratio = (Current Assets) / Current Liabilities. 2) Long Term Liquidity. 3) No Financial Statement.
Even closer to end customers, in August, Maersk acquired Visible SCM, a Utah-based B2B/B2C company, which handles over 200,000 orders a day across nine fulfillment centers, as well as a European counterpart. For a company like Amazon, 2021 underscores the importance of owning middle-mile capabilities to ensure resilient inventories.
This week, I am finishing two reports: Sales and Operations Planning, and Inventory Optimization. It is now clear that SAP APO was inferior to the i2 Technologies’ SCM suite (now owned by JDA), but that was not market perception. Here are the links to the studies: Inventory Management. An old analyst, like me, has scars.
In Chapter 11 Hory focuses on marketing logistics and supply chain management and he dives deeper into the value of logistics channels, inventory holding and the future of supply chain management. If that wasnt enough, the proceeds of the book will support educating the deprived children in India, who cannot afford to go to school.
Price to Tangible Book Value. Inventory Turns. Better performance in inventory turns than the peer group average for the period studied. Orbit Chart of VTech for the Period of 2006-2015 at the Intersection of Operating Margin and Inventory Turns . We eliminate the lower 1/3 of companies for the period from consideration.
billion yuan listed on its books as of the end of June 2024, through delaying its payments to suppliers and other related financing. BYD took an average of 275 days to pay suppliers in 2023, Bloomberg compiled data show.
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. Supply Chain Management (SCM) is the management and oversight of a product from its origin until it is consumed. Source: [link] ).
Author’s Note: Below is an excerpt from Moving Up the Supply Chain Maturity Curve: The Process Industry Executive Agenda for 2016 and Beyond , a white paper published earlier this year by Elemica with research conducted by Adelante SCM. Complexity is arguably the most insidious, hidden profit drain in today’s business world,” writes John L.
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.
Disconnected processes : Several of these companies were advised by well-meaning consultants who have written books preaching S&OP best practices. Islands of information: Over the last two decades organizations made quite a bit of investment into Supply Chain Management (SCM) systems.
At the event, James Rice, MIT, spoke on innovation, and his reflections on Clayton Christensen’s 1997 classic business book, the Innovators Dilemma. I, like many of you, read this book when it was published. Inventory piles up and revenues gaps are closed by pushing product into the market. So, what would I do?
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