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. 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.) For one, more than 60% of the attendees responded they perform “less than optimal” inventory optimization.

Boston 130

“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”. by CJ Wehlage. Take a good long look at this picture.

Expert Interview: Inventory Optimization

Logility

Inventory Optimization (IO) is a loosely used term in the industry. You’ll see it used to describe tactical inventory management, warehouse operations and strategic network assessments as well as used to describe single stage as well as multi-echelon environments.

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”.

Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

Kearney, Boston Consulting Group, Cap Gemini, Deloitte, E&Y, IBM, and McKinsey, they get more of the same. There is no logical connection between inventory strategy and logistics optimization or the multiplicity of rules—allocation, ATP, inventory matching, routing—and planning engines.

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.

Video 171

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. What’s the most common misperception C-Level execs have regarding inventory optimization?

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. Contents Supply Chain Movement 20 – 2016 Q1.

ToolsGroup to Highlight Service-Driven Supply Chain Planning at Gartner EMEA Supply Chain Executive Conference 2019

ToolsGroup

MANN+HUMMEL to Present How It Partnered with ToolsGroup to Increase Fill Rate and Cut Inventory. ToolsGroup takes a fundamentally different approach by helping companies optimize service mix across products to maximize service and minimize inventory.

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. What’s the most common misperception C-Level execs have regarding inventory optimization?

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. Ron Ehrenberg, Inventory Optimization Lead for Lennox and Bobby Miller, Sr.

Dallas 156

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 Inventory Optimization Spreadsheet Gap

Logility

Consumer Goods companies appear to be “tool-challenged” when it comes to inventory optimization (IO). ” Four statistics pulled from this report deliver a clear message regarding the industry’s need for better inventory optimization tools.

ToolsGroup Names David Barton General Manager of North America

ToolsGroup

BOSTON (May 13, 2019) – ToolsGroup, a global leader in supply chain planning software, announced today that David Barton has joined ToolsGroup as the new general manager of North America. Barton will work from ToolsGroup’s Boston headquarters. “I’m

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.

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. by Jim Shore.

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. They don’t know how to segregate, forecast or inventory these “extreme error” items. Leverage Inventory More Effectively.

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.

Boston 200

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 ). The Good.

Boston 151

5 Key Trends Driving Supply Chain Innovation

Talking Logistics

2 Real-time Network Inventory Control and Planning. Too often we think about inventory in a linear way. We have suppliers that provide the inventory to select warehouses and these warehouses supply customers at the appropriate time and place. Will they share inventory?

Trends 187

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.

Boston 130

Wholesale Distribution: Any Way You Want It?

Logility

The groups on my most listened to playlists include Boston, REO, Rush, Kansas, Styx, Van Halen, Eagles, Foreigner and The Police, just to name a few. Optimize Your Inventory: Too much inventory leads to discounting, obsolescence and write-offs.

Defining Supply Chain Excellence: One Column at a Time

Supply Chain Shaman

Instead, what I observed when I looked at the data, was that most companies that I had worked with (in my role as an industry analyst, I had worked with over 300) were going backwards on margin and inventory turns. “Lora in your own way, you are helping. You tell it straight.

[e-Book] The Essential Guide to Inbound Freight Management

Cerasis

Depending on the industry and size of the company, a business can spend more than 40% of its annual freight budget on inbound shipping, according to the Aberdeen Group, a research firm in Boston. How Big Is the Problem Of Inbound Freight Management? Inbound freight management is receiving a lot of attention as businesses continue to look for ways to manage shipping costs. If you’re looking to save costs on shipping, take a look at inbound shipping.

The Efficient Frontier Awaits

Logility

I am going to use the “efficient frontier” concept in inventory optimization as an example. There is a natural trade-off between service level and inventory cost. A full Multi-Echelon Inventory Optimization (MEIO) initiative can do this.

Will the Downturn Signal an Upturn?

Supply Chain Shaman

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). Volatility.

2014 Merchandise Planning and Allocation Survey Results Revealed

Logility

Despite significant advancements in the technology to support omni-channel, adoption of transparent cross-channel inventory has yet to become a reality at most retailers. Recently, Boston Retail Partners released its 2014 Merchandise Planning and Allocation Survey which explores the current state of the retail industry and how technology is shaping retail capabilities. 69% of retailers maintain separate inventory across multiple channels.

Survey 109

Let the Design Begin…

Supply Chain Shaman

They came to Boston to tell us the story of Llamasoft. It could no longer be just about inventory levels. This analysis needed to be completed monthly and fed to newer forms of inventory optimization technologies. This week, I spoke at the Llamasoft Summercon Conference.

ToolsGroup to Showcase Service-Driven Supply Chain Planning at Gartner Supply Chain Executive Conference 2019

ToolsGroup

American Tire Distributors (ATD) to Highlight How It Worked with ToolsGroup to Tackle Forecasting and Inventory Challenges with S&OP. Our customers consistently see service levels increase while inventory, cost, and waste go down.”

3 Stats That Prove the Need for a Digital Control Tower

Talking Logistics

Martin Verwijmeren is co-founder and Chief Executive Officer of MP Objects , a leading provider of smart cloud software for supply chain orchestration with offices in Boston, Rotterdam, Tokyo and Hyderabad.

Boston 175

3 Lessons from Gold and Silver Pawn: This… is Supply Chain, This… is Pawn Stars

Kinaxis

by CJ Wehlage If you read my prior blog, “ Storage Wars rescues supply chain ignominy ”, you would have seen my garage after I moved from Boston to San Diego. Every box we collected for 16 years, stuffed in the Boston attic.

Seeing the Future with Predictive Analytics

Enterra Insights

4] He explains, “Twenty years ago, Boston Consulting Group’s Harold Sirkin warned that competition is no longer ‘company versus company but supply chain versus supply chain,’ signaling a new era of supply chain relevance. Inventory optimization. Nakanelua notes, “Inventory optimization helps reduce inventory distortion, a challenge that stems from out-of-stock and overstock inventory situations.”

This Week in Logistics News (April 11-15, 2016)

Talking Logistics

Today marks the three-year anniversary of the Boston Marathon bombings, a sad and scary day, especially those of us living in the Boston area.

Why Companies Need a Supplier Relationship Management Strategy

Cerasis

In May, 2014 Raytheon gathered a group of its largest suppliers in Boston, MA to discuss the launch of the company’s Supplier Advisory Council. Because of this, businesses are finding it challenging to forecast demand and therefore they risk escalating inventory costs or stock outs.