Stranger supply chain things: Capacity planning lessons from Stranger Things

Kinaxis

However, it quickly became clear the museum lacked proper capacity planning and wasn’t prepared for 80,000 purple Thunder Lizard hoodie orders in a single day. The crush of Stranger Things fandom-born conversions temporarily brought the museum’s website to its knees while an out-the-door lineup cleaned out on-site inventory. The post Stranger supply chain things: Capacity planning lessons from Stranger Things appeared first on The 21st Century Supply Chain.

Inventory Replenishment Underway

Logistics Trends and Insights

Census Bureau inventory data, for June, indicates the need for inventory replenishment as the seasonal-adjusted sales to inventory ratio declined to 1.37 Total business inventories declined 2.3% for June/May while inventories declined 5.8% Inventory Replenishment.

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5 pieces to the global capacity management puzzle

Kinaxis

by Bill DuBois Recently I was watching a video interview with David Thomas, the Director of Global Capacity Planning for Ford Motor Company. Among other things, he’s been leading the charge at Ford to deliver a global capacity management solution. Ford’s challenges to global capacity management. But in 2010, an upturn in demand in emerging regions like Brazil, India and China meant capacity required varied significantly by region.

Where are you on your capacity planning journey?

Kinaxis

by Bill DuBois Balancing capacity can be as challenging as walking a tight rope. Not enough capacity and you lose balance when it comes to delivery and customer satisfaction. Too much capacity and you lose your balance when it comes to costs and margins. All companies are walking this fine line with capacity planning , but some are continuously waving their arms trying to stay upright, while others have secured their footing. demand, supply, inventory, executives).

Is Inventory Waste or an Asset?

Supply Chain Shaman

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.” His feeling was that inventory is an asset to manage. Inventory is both. Inventory management is a complex subject.

LTL Rates, Capacity, and Fuel: The General Outlook for 2017

Cerasis

Capacity Will Grow Tighter. Capacity was stretched beyond limitations in 2014, and fleets around the country tried to optimize operations through freight reclassification, dimensional pricing models and freight consolidation, explains Jeff Berman of Logistics Management. If the retail sector suddenly jumps, the capacity crunch will return with vengeance. . The ELD mandate will further worsen the coming capacity crunch.

Inventory Management

LeanCor

Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. If we’re going to get inventory into consumer hands the same day they place the order, the inventory has to be 1) available and 2) less than 8 hours away. This requires us to push the boundaries of current inventory management practices, or hold lots of inventory network-wide.

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Smart inventory planning cranks up manufacturing efficiency.

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

What is Capacity planning software? Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With reference to capacity planning, design capacity is defined as the maximum amount of work that an organization is capable of completing in a given period. How much capacity buffer is needed for those?

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

What is Capacity planning software? Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With reference to capacity planning, design capacity is defined as the maximum amount of work that an organization is capable of completing in a given period. How much capacity buffer is needed for those?

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

What is Capacity planning software? Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With reference to capacity planning, design capacity is defined as the maximum amount of work that an organization is capable of completing in a given period. How much capacity buffer is needed for those?

Four ways Inventory Optimization can address tighter supply constraints

ToolsGroup

When supplies get tight, inventory optimization can help focus production around the most critical products while reducing requirements for other items. Multi-Echelon Inventory Optimization (MEIO) looks at the end-to-end supply chain to enable users to make more informed decisions about the location, amount and type of inventory. Inventory (both finished goods and materials) can then be allocated to more critical demand. Inventory OptimizationAs the (U.S.)

Five Things You Need to Know about Inventory Optimization in the Digital Age

ToolsGroup

With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. It’s about learning to transition from long-held inventory systems and processes, having new conversations across logistics and sales, and the shifting role of supply chain planners. This article will share five things you need to know about optimizing inventory in the digital age.

Design, Operating and Situational Inventory Trade-Offs

ToolsGroup

Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. Many companies struggle with decisions such as “How many days of sales or inventory turns per year should we target? or “How can we reduce inventory and improve our balance sheet?”. Structural inventory is a direct result of design choices.

3 Ideas for Finding Air Capacity in the Transatlantic Lane

CH Robinson Transportfolio

3 Ideas for Finding Air Capacity in the Transatlantic Lane | Transportfolio. If you have struggled lately to find available air capacity in the Transatlantic lane, you’re not alone. Capacity is hard to find in this lane, and the busiest time of the year for air shipping is just ahead.

2017 Warehouse Capacity Economics and Trends Report

FLEXE

In mid-2015, FLEXE conducted a survey of supply chain professionals across multiple industries to identify and understand what key industry trends affect inventory and capacity fluctuations. The key findings of the 2017 survey revealed: Inventory continues to fluctuate and remains a challenge for supply chain professionals. More businesses are faced with inventory exceeding capacity than they are with excess space. Inventory fluctuation lives on.

Best Practices to Get More Throughput and Capacity Out of Your Distribution Centers

Cerasis

While expanding capacity with new construction is certainly one solution, other ways exist to get more throughput and capacity in distribution centers without major overhauls to existing operations. Before you break ground on a new building/annex, hire and train new workers, or invest millions into new software, consider some other proven ways to get more throughput and capacity in distribution centers.

How Lean Warehousing Can Ease Your Carrier Capacity Pain

LeanCor

As a result, it is increasingly difficult to secure capacity in today’s carrier market. Just-in-time delivery – Cross-docking allows for just-in-time delivery of inventory to a customer’s manufacturing facilities without driving up transportation cost by way of postponement. Being able to reduce the inventory levels at the plant is a huge benefit from lean warehousing. Lean Warehousing: By: Clint McCrystal – Team Leader of Operations. link].

Lean 188

What’s New in Inventory Optimization?

ToolsGroup

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability. He reiterates why his firm sees inventory optimization (IO) solutions as so important. Interestingly, he notes that while most companies justify inventory optimization based on inventory savings, improving service to customers is actually the biggest motivation and payback in most projects.

Inventory is our treasure

Supply Chain Movement

Inventory is waste: a statement I still hear far too often. I can not say it often enough: inventory is not waste. Inventory is our treasure, provided that it is available in the right location and in the right amount. In order to balance demand and supply, there really are only two levers to play with: capacity and time. Capacity in this case means (temporary) overcapacity. The disadvantage of capacity is that it costs money. Inventory is our treasure.

Navigating Ongoing International Transportation Capacity Challenges

Talking Logistics

International transportation is dealing with ongoing challenges of tighter capacity. From import space and export space tightening up and a hot drayage market causing capacity constraints to volatile air freight rates – international transportation has had its share of challenges the last 10-12 months. Import space out of Asia to the US continues to be tight, and thanks to positive retail sales, retailers are having to quickly restock to ensure they have enough inventory.

Five Types of Inventory Optimization You Should Know

ToolsGroup

Inventory configuration is usually the predominant issue in most manufacturing environments. Inventory policy is usually the predominant issue in most distribution environments. Here are five types of inventory optimization that you should be aware of if you are considering an optimization solution. Inventory Configuration addresses the issue of in what form should I hold my inventory; as raw material, finished goods, or something in between?

Practicing Social Distancing while Keeping Inventory Moving during COVID-19 pandemic

PINC

As capacity continues to tighten and there are fewer drivers on the road, it’s a requirement to keep them safe,” Gartner’s Carly West said in a press release. live/drop, type of inventory, type of equipment, load status, etc.).

Why inventory management should be a company-wide conversation

Kinaxis

by Alexa Cheater Don’t get caught having your company’s inventory management conversation alone! Re-evaluating your inventory management practices can help you overcome rising supply chain costs, increasing customer demand and the growing complexity of global operations. Successful inventory management all boils down to a delicate balancing act. As David Thomas, Director of Global Capacity Planning at Ford Motor Company says , inventory is “… dead money.”.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions.

3 Inventory Control Techniques to Improve and Maintain Inventory Accuracy

Unleashed

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Having poor and inaccurate inventory control can be costly because it causes issues such as unplanned stock-outs, the shipping of wrong products to customers, wasted resources trying to locate misplaced items and inventory shrinkage.

Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. Staying Strategic in the Warehouse with Better Inventory Flow. Throughout the entire order fulfillment process, companies have a duty to ensure optimum warehouse efficiency by appropriately controlling inventory flow. Companies must also consider the potential impact of returns and warehouse capacity. Transaction-Based Movements Inventory Flow.

Improving inventory management

EFT

Factory closures, blank sailings, massive cuts to air freight, reduced warehouse capacity and more have hit business-as-usual and often turned carefully calibrated chains on their head. What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. In his opinion the way you do that is “By putting inventory close to customers. Inventory management, evolved.

The key ingredient to optimizing your beer production capacity (it’s not what you think)

DELMIA Quintiq

While customers are becoming increasingly demanding, the beer industry has seen a trend of consolidation between brewers, thus reducing their capacity over the years. With increasing supply chain complexity and extended product portfolios, this begs the question: How do you optimize your brewing capacity? S&OP requires data from all fronts: Sales, inventory, product master data, cost and price information, and the like.

Taking a Holistic View on Inventory May Lead to Change in Strategy

Talking Logistics

Inventory optimization has always been a challenge while designing and planning a supply chain. A variety of barriers can impact an effective inventory strategy, such as working in functional silos and demand/supplier volatility¹. The good thing is that companies are beginning to appreciate the importance of inventory form and function instead of narrowing it down to just setting optimal safety stock targets. Asking the Right Inventory Questions.

Lost Warehouse Inventory? What to Do and When to Write It Off

Cerasis

No one wants to think about lost warehouse inventory, and it can be organizationally frustrating to determine the best process to find, research, and rectify inventory discrepancies. One of the primary reasons a company implements a warehouse management system (WMS) is to know the exact location of their inventory; if the inventory is not there, one might think it is easy to just write that inventory off the books. Automate Inventory Control to Reduce Errors.

Three New Ways Retailers Can Improve Inventory Performance

ToolsGroup

By using data to stock items with higher forecasted demand, they can reallocate cash that would normally be tied up in poorly performing inventory, avoid margin erosion from markdowns and dead stock, and increase overall on-shelf availability metrics. Yet paradoxically retailers front-load inventory to the store, under the belief that goods must be on the shelf to sell. The challenge is that once it's forward-deployed, it's not always cost effective to re-position inventory.

Retail 166

2017 Warehouse Capacity Economics and Trends Report

FLEXE

In mid-2015, FLEXE conducted a survey of supply chain professionals across multiple industries to identify and understand what key industry trends affect inventory and capacity fluctuations

4 inventory replenishment methods

6 River Systems

Maintaining proper inventory levels is critical if you want to keep your customer satisfaction rates high. The average American retailer has an inventory accuracy rate of 63%. Using the right inventory replenishment methods. These rules and processes are also used to determine how much stock to add to your inventory by reordering and how much back stock to move to your active inventory. Not every inventory replenishment method works for every business.

[Webinar] Inventory Planning Methods & Tips for Optimizing Your S&OP Process Today.

Arkieva

Join us as we discuss how to use inventory or supply planning to properly calculate and project future inventory taking into consideration capacity constraints. Webinar] Inventory Planning Methods & Tips for Optimizing Your S&OP Process Today. was first posted on February 8, 2018 at 7:50 am. ©2017 ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.