Hans Willems, Boston Scientific: “We’ve now evolved into a solutions provider”

Supply Chain Movement

A Boston Scientific medical device is used somewhere in the world every two seconds, but the company is much more than a medical device manufacturer. The firm’s lean engineers and supply chain engineers help hospitals not only with inventory management and logistics but also with process improvements in catheterisation labs, for example. In the late 1970s, Boston Scientific’s initial success was built on guide catheters and balloon catheters for coronary artery treatments.

A Q&A with Stanley Black & Decker and Boston University on Inventory Optimization

Logility

Inventory optimization (IO) has become an increasingly important topic of late as companies try to balance inventory (amount, location, etc.) Following the inventory slashing practices during the global financial crisis, many were left unable to respond quickly and cost-effectively to a rise in demand, leaving these companies at a disadvantage. For one, more than 60% of the attendees responded they perform “less than optimal” inventory optimization.

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ToolsGroup Supply Chain Forecast | Inventory Now Available ?in the Microsoft Azure Marketplace

ToolsGroup

Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. The tool is designed to help businesses grow by moving beyond spreadsheet-based forecasting and trial-and-error inventory management.

“Storage Wars” Rescues Supply Chain Ignominy

Kinaxis

Up until this past year, my greatest “ah-ha” moment was watching my Boston neighbor walk away with my Arians Platinum 20-SHO snow blower. But, in Boston, we had this dirty little secret. In Boston, we had an “ATTIC”. Inventory management Supply chain management AMR Research Boston Craigslist Do it yourself Enterprise resource planning (ERP) ERP Garage Toolbox by CJ Wehlage. Take a good long look at this picture. That’s my ignominy. That’s my garage.

The Next Great Disruption Coming to Supply Chains

Kinaxis

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”. Sure, we’re concerned, and in some cases stocking more inventory at local distribution centers. Then, they go to the retail store, scan the barcode to check inventory, price, and promotions in their 10 mile radius.

Avaya’s Four-Year Journey to a Best-in-Class Supply Chain – SupplyChainBrain & Kinaxis Video Series

Kinaxis

Green says the company has had “a lot of success,” delivering its best-ever run times and inventory turns. General News Sales and operations planning (S&OP) Supply chain management Aid effectiveness Asia Best practice Boston BT Group Business administration Customer service Depreciation Supply chain by Melissa Clow SupplyChainBrain attended our annual Kinexions user conference, and while there, they completed a number of video interviews with our customers.

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Is Your Supply Chain Weatherproof?

Logistics Viewpoints

I learned this first-hand last week after record snowfall in the Boston area. Inventory Management Supply Chain Network Design Transportation Individuals living in the higher latitudes will tell you that ice dams on your roof are an omen of bad things to come. To minimize future damage, I set out to purchase a roof rake to clear the snow off of my […].

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Supply Chain Movement 20 – Trends & Consulting

Supply Chain Movement

12 | Profile Hans Willems, Vice President Supply Chain Europe, Boston Scientific. A Boston Scientific medical device is used somewhere in the world every two seconds, but the company is much more than a medical device manufacturer. The firm’s lean engineers and supply chain engineers help hospitals not only with inventory management and logistics but also with process improvements in catheterisation labs, for example. Contents Supply Chain Movement 20 – 2016 Q1.

Ask the Expert: Three Questions on Inventory Optimization for Sean Willems Ph.D.

Logility

Interest in inventory optimization continues to increase as companies seek a more efficient way to reduce excess inventory while maintaining or improving customer service levels. Multi-echelon inventory optimization (MEIO) is also playing a larger role in the sales and operations planning process (S&OP). What’s the most common misperception C-Level execs have regarding inventory optimization? That they are already optimizing their inventory investment.

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Allopneus.com Optimizes Inventory and Improves Competitiveness with ToolsGroup

ToolsGroup

ToolsGroup supply chain planning software allows Allopneus.com to improve inventory quality while reducing storage space at its national distribution center by almost 20%. Inventory management is the key. NEWS RELEASE.

ToolsGroup Supply Chain Forecast | Inventory Now Available in the Microsoft Azure Marketplace

ToolsGroup

Microsoft Azure customers worldwide now gain access to ToolsGroup Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. Learn more about Supply Chain Forecast | Inventory at its page in the Azure Marketplace.

Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

Global supply chains are fundamentally rearranging and there’s a lot of reflection on how the urge to optimize efficiency (whether it was offshoring manufacturing to keep labor costs down, or making supply chains very lean to cut inventory costs) made supply chains more fragile.

Ask the Expert: Three Questions on Inventory Optimization for Sean Willems Ph.D.

Logility

Interest in inventory optimization continues to increase as companies seek a more efficient way to reduce excess inventory while maintaining or improving customer service levels. Multi-echelon inventory optimization (MEIO) is also playing a larger role in the sales and operations planning process (S&OP). What’s the most common misperception C-Level execs have regarding inventory optimization? That they are already optimizing their inventory investment.

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ToolsGroup Named a Leader in IDC Marketscape for Worldwide Supply Chain Inventory Optimization

ToolsGroup

BOSTON (December 13, 2019) ToolsGroup, a leader a global leader in supply chain planning software, has been named a leader in the IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment. PRESS RELEASE.

Multi Currency ERP for Small Businesses – EMERGE App

EMERGE App

Boston Consulting Group – Cross-Border Payments presentation by Sukand Ramachandran, Sibos, Boston 2014). We’ve got you covered if you’re using an inventory management system like EMERGE App. Inventory Reports | Inventory Management Tips for Small Business

The Inventory Optimization Spreadsheet Gap

Logility

Consumer Goods companies appear to be “tool-challenged” when it comes to inventory optimization (IO). At least that is what they think based on a recent survey conducted by Consumer Goods Technology , “ Inventory Optimization—Delivering more than just Inventory Reduction.” ” Four statistics pulled from this report deliver a clear message regarding the industry’s need for better inventory optimization tools.

Epitaph

Supply Chain Shaman

They were born from well-intentioned, bright professors from great schools – Boston College, Carnegie Mellon, and Massachusetts Institute of Technology (MIT )– in operations research. It was called multi-enterprise inventory optimization. In the beginning, the inventory management solutions of LogicTools , Optiant and SmartOps pushed to take operations research to a new level through supply chain optimization. Inventory is now the primary supply chain buffer.

The Supply Chain Can?t Stop: A story from the front lines at Ken?s Foods

Elementum

Today, they produce and package over 1,000 varieties of dressings and sauces — including category leader, Sweet Baby Ray’s barbecue sauce — across 4 plants near Boston, Indianapolis, Atlanta, and Las Vegas. inventory management manufacturing

ToolsGroup’s Michael Haiber and Stefano Novati Named Supply & Demand Chain Executive “Pros to Know” for 2021

ToolsGroup

BOSTON, March 17, 2021 – ToolsGroup, a global leader in supply chain planning software, is proud to announce that ToolsGroup Director of Professional Services for Europe, Michael Haiber, and Vice President of Professional Services, Stefano Novati, were both named 2021 “Pros to Know” by Supply & Demand Chain Executive magazine.

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Five signs its time for supply chain transformation

Kinaxis

Leaders from Bose, Boston Scientific and ON Semiconductor shared key lessons from their supply chain transformations, including what led them to consider change. Purchasers don’t have visibility into existing inventory. Example : “My traditional KPIs around having inventory and DCs and availability [looked fine] and then hearing complaints that customers weren’t getting product didn’t make sense. Example : “Finance has these benchmarks on cash flow and inventory.

ToolsGroup to Take the Stage with Lennox at American Supply Chain Summit

ToolsGroup

BOSTON (April 17, 2019) – ToolsGroup, a global leader in supply chain planning software, today shared it will exhibit and present at the American Supply Chain Summit 2019 , taking place April 25-26 in Dallas. ToolsGroup is a sponsor of the event and will host a booth showcasing how its service-driven planning automation helps companies overcome volatile demand and inventory challenges, leading to outstanding customer service levels and reduced global inventory.

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This Week in Logistics News (January 31 – February 6)

Logistics Viewpoints

Still dealing with the aftermath of the Blizzard of 2015, the Boston area was pounded by another major snow storm. Consumer Packaged Goods (CPG) EU Global Trade Inventory Management Omni-channel logistics Retail This Week in News It’s been a crazy week around these parts. These two storms set a record for most snowfall in a 7 day period. With the roads and rail systems a mess already, the latest snow made […].

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ToolsGroup Promotes Mauro Adorno to Managing Director of Europe

ToolsGroup

BOSTON (July 30, 2019) – ToolsGroup, a global leader in service-driven supply chain planning software, has promoted Mauro Adorno to managing director of Europe. Our customers overcome demand volatility and supply chain complexity for outstanding service levels with reduced inventory. ToolsGroup solutions include Demand Planning & Sensing, Inventory Optimization, Allocation & Replenishment, Demand & Supply Collaboration, Promotions Planning and S&OP.

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ToolsGroup’s COVID-19 Action Center Offers Support for Swift and Efficient Response to Supply Chain Disruptions

ToolsGroup

BOSTON (May 5, 2020) ToolsGroup, a global leader in supply chain planning software, today announced a new online COVID-19 Supply Chain Action Center and resources to help companies quickly respond to Coronavirus risks and speed supply chain recovery. With ToolsGroup, the company can see all inventory by warehouse, location and item, in near real time. It gives you great visibility of the whole inventory.

Melitta Builds More Efficient, Demand-Driven Supply Chain ?with ToolsGroup

ToolsGroup

ToolsGroup is how organizations achieve their target service levels while optimizing inventory, no matter how complex their supply chain is or how much demand changes.

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Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

I gave thanks when the Patriots jet—championed by Mass General and Robert Kraft (owner of the Patriots)—landed in Boston with a million masks. Instead, use demand sensing technologies to detect patterns with minimal latency into inventory requirements. Evaluate Inventory.

The Difference between Multichannel, Omnichannel and Unified Commerce. And Why It’s Important.

ToolsGroup

Each operation is managed as a silo, with its own processes, infrastructure, inventory and revenue targets. So, the while the front end looks great, the shopping outcomes may not always be successful due to poor internal optimization, including inventory management and demand forecasting. It maximizes merchandise availability through more accurate demand forecasting and more optimized inventory planning. It can be exhausting in retail.

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

BOSTON, Mass. Our customers overcome demand volatility and supply chain complexity for outstanding service levels with reduced inventory. ToolsGroup solutions include Demand Planning & Sensing, Inventory Optimization, Allocation & Replenishment, Demand & Supply Collaboration, Promotions Planning and S&OP. Founded in 2002, Spinnaker has offices in Boston, Columbus, Denver, Houston, Memphis, Pittsburgh, London, and Singapore. PRESS RELEASE.

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Why CPG Demand Forecasting Has Hit a Ceiling

ToolsGroup

Boston Consulting Group talks about how the “endless aisles” of the internet and omni-channel sales increase product assortment. The Boston Consulting Group said at the 2015 Grocery Manufacturers Association/Food Marketing Institute (GMA/FMI) supply chain conference that 22% of polled respondents said less accurate forecasts were one of their top hurdles to improving service. They don’t know how to segregate, forecast or inventory these “extreme error” items.

Guest Blog: Real-world Advice for Getting Started on eKanban

synchrono

reduced inventory waste and carrying costs and more) asking people to change the way they work is also real. There is a real cost of carrying inventory and eliminating this cost frees up accessible cash that can be reinvested into the company. Consider the following: The cost of just carrying inventory at a component level adds 10% to the valuation of the actual part – and that valuation increases by 10% for every month the material is not transformed into sellable goods.

ToolsGroup Named a Leader in Nucleus Supply Chain Planning Technology Value Matrix 2021

ToolsGroup

BOSTON, March 19, 2021 – ToolsGroup, a global leader in supply chain planning software, has been named a leader in the Nucleus Research SCP Technology Value Matrix 2021.

MEIO By the Numbers

Logility

100 million – Amount Proctor & Gamble saved in just the beauty division from multi-echelon inventory optimization ( Link ) ( Video ). $50 50 million – Total savings HP realized from MEIO as well as a 30% inventory reduction ( Link ). 27% – Amount Stanley Black & Decker’s reduced its finished goods inventory ( Link ). 26% – Amount Boston Scientific reduced their inventory ( Link ). $20 The Good.

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Who Should Be In The Winner’s Circle?

Supply Chain Shaman

On a cold Boston winter day, I slipped into my seat on a back row in a packed conference room at AMR Research. After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital.

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

As an offspring of globalisation, supply chains are focused on optimisation – cost reduction, just-in-time deliveries and tight inventory-to-sales ratios. A significant paradigm shift in procurement and inventory control is an emerging area of focus.

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Sales and Operations Planning Summit

Logility

Last week I attended the Sales and Operations Planning Summit in Boston. Talk in the lobby confirmed that one of the highlights was the session conducted by Logility's Sean Willems, Chief Scientist, Inventory Optimization Solutions. Sean was entertaining and informative, as usual, covering some of the history of IO, and an amusing but very compelling argument for how crucial multi-echelon inventory optimization (MEIO) is to S&OP success.

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