Synovos

FEBRUARY 12, 2024

Demystifying MRO Inventory Optimization The goal of MRO inventory optimization is to utilize the products and materials held on or across sites as effectively as possible. Ensuring that you have what you need available when required helps eliminate excess stock and reduce inventory carrying costs. For this, you need data.

Inventory Reduction 52

Inventory Reduction Price Mitigation Strategies Material Savings Optimization Software 52

Supply Chain Shaman

NOVEMBER 29, 2021

The world of NoSQL enables the use of disparate data to drive learning and new forms of insights. Inventories are out of balance with demand and the rising need for write-offs. Chemical Sector Inventory Availability. The chemical inventory levels continue to decline. Changing Analytic Capabilities.

Supply Chain Planning Software 276

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 276

Supply Chain Shaman

APRIL 16, 2024

The second disturbing fact is that business leaders cannot access planning data, so a planner must interpret the data. The Evolution of Self-Service Planning One of the fundamental fallacies of today’s planning solutions is that planners, and only planners, can access data. The dance goes like this. Planners answer.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Shaman

NOVEMBER 29, 2021

The world of NoSQL enables the use of disparate data to drive learning and new forms of insights. Inventories are out of balance with demand and the rising need for write-offs. Chemical Sector Inventory Availability. The chemical inventory levels continue to decline. Changing Analytic Capabilities.

Supply Chain Planning Software 264

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 264

Unleashed

NOVEMBER 16, 2022

New manufacturing data has revealed which industries and nations are leading the way in the post-pandemic economic recovery – and the tactics they’re using to beat supply chain disruption. This was followed by energy and chemicals (up 174%), and the sports and entertainment sector which recorded an average increase of 123%.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction New Zealand Price Reduction 52

Supply Chain Shaman

NOVEMBER 29, 2021

The world of NoSQL enables the use of disparate data to drive learning and new forms of insights. Inventories are out of balance with demand and the rising need for write-offs. Chemical Sector Inventory Availability. The chemical inventory levels continue to decline. Changing Analytic Capabilities.

Supply Chain Planning Software 195

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 195

Supply Chain Shaman

JUNE 29, 2022

I am the most worried about the chemical sector. In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. All value chains are dependent in some shape or form on the chemical industry. What can be done?

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

I am the most worried about the chemical sector. In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. All value chains are dependent in some shape or form on the chemical industry. What can be done?

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

Supply Chain Shaman

JULY 18, 2017

Last week, I spent time with large chemical companies engrossed in this discussion. Let’s take a look at the world of the chemical manufacturer. As shown in Figure 1, the company has been unable to maintain balance on the portfolio of cost and inventory. Acquisitions drove DOW Chemical’s wide swings.

Supply Chain Planning Software 197

Supply Chain Planning Software Chemicals Supply Chain Design Software Sourcing Strategies 197

Unleashed

SEPTEMBER 7, 2021

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. Hence, some companies will find corded barcode scanners to be all they need, where other companies require wireless scanners to support their online inventory management.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Reduction Inventory 96

AIMMS

NOVEMBER 2, 2020

Most chemical companies think they have a high sales and operation planning (S&OP) maturity, but do they really? Cross-functional alignment is a complex challenge for chemical companies. If you’re curious about where your chemical company stands, take the assessment today. How mature is S&OP at your chemical company?

Chemicals 317

Chemicals S&OP Demand Planning Software Purchasing Skills 317

Supply Chain Shaman

AUGUST 7, 2019

We draw a timeline on a conference room wall and using customer shipment and compliance data, we plot the issues with customer service and product outages. I ask, “ Do you have data that could be used to alleviate the issue in the future?” ” Or alternatively, “Is there data that could be sourced to help?”

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Logistics Viewpoints

JUNE 30, 2022

With our supply chains clogged and retail inventories piling up, we have a situation wherein the huge imbalances between demand and supply at the product mix level can have an adverse impact on product availability for B2B and B2C companies alike, especially as we start heading to the holiday season. Not really. in October 2021. A ratio of 1.5

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 216

Supply Chain Shaman

JUNE 7, 2018

When we study 600 public companies by peer group, at the intersection of inventory turns and operating margin, only 5% drive improvement. However, most of the data is not a normal distribution. To make the argument, let’s look at industry orbit charts in aggregate for the period of 2006-2017 for the apparel and chemical companies.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 223

RFgen

OCTOBER 7, 2020

Healthcare, chemical and oil sands are especially hard hit. Companies must prioritize mobility solutions that increase inventory visibility and optimize supply chains. Mobilizing supply chains with automated data collection and mobile barcoding is one avenue to help achieve this crucial optimization.

Supply Chain Optimization 94

Supply Chain Optimization Supply Chain Software Optimization Software Supply Chain Design Software 94

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). The charts and data get boring pretty quick.) The reason? It is harder than you might think.

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 369

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Elementum

MAY 10, 2018

However, many hospitals and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems. A Look into Inventory Management Systems There are several different methods of inventory management used by hospitals and medical practitioners.

Inventory Reduction 68

Inventory Reduction Inventory Inventory Management Software Supply Chain Software 68

Elementum

MAY 10, 2018

However, many hospitals and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems. A Look into Inventory Management Systems There are several different methods of inventory management used by hospitals and medical practitioners.

Inventory Reduction 60

Inventory Reduction Inventory Inventory Management Software Supply Chain Software 60

Logility

OCTOBER 29, 2021

Process manufacturing companies — such as those in the packaging, specialty chemicals, and rolled and woven goods sectors — are dealing with overcapacity as well as price pressures and continuing supply chain uncertainties. Is inventory keeping up with demand? What seasonal factors affect your business?

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Less than 50% of the required data for supply chain planning comes from ERP. Lack of Focus on Form & Function of Inventory and Designing Network Flows.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Brain

AUGUST 21, 2020

What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind.

Forecasting 40

Forecasting Benchmarking Study Inventory Reduction 40

Logistics Viewpoints

AUGUST 15, 2022

A MSCN is a collaborative solution for supply chain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds. Both ERP based procurement and spend management solutions have supplier master data. For example, are you still a minority owned company?

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

QAD

NOVEMBER 17, 2022

Consumers may not be aware, but manufacturers and distributors know all too well the immense volume of American manufactured and distributed goods that depend on rail transportation in all vertical industries, from industrial, chemical and high-tech to food and beverage and automotive, among others. Inventory management.

Scenario Planning 96

Scenario Planning Supply Chain Planning Software Supply Chain Planning S&OP 96

DELMIA Quintiq

MAY 11, 2022

It can be made with many different characteristics, for example, different chemical compositions to increase strength, durability, etc. Steel manufacturers need digital tools to drive better, faster and data-driven decision-making as well as implement more sustainable practices. Steel is one of the most recycled material in the world.

Material Savings 317

Material Savings Supply Chain Planning Software Optimization Software Analytics Software 317

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Logistics Viewpoints

OCTOBER 21, 2021

The rapid shifts to eCommerce during the pandemic caused retailers and brand owners alike to flex their network nodes (where goods are made and inventories are stocked) significantly. Design can help test such ideas before implementing changes to the master data. They are designing career paths to retain and grow such talent.

Supply Chain Design Software 190

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Modeling 190

Logistics Viewpoints

DECEMBER 12, 2022

Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company. The largest impediment in the implementation was that much of the master data was dirty and the process of cleaning it took time. And because they were already using a SCP solution, they had already had clean master data.

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 201

AIMMS

MARCH 4, 2021

Most chemical companies think they have a high sales and operation planning (S&OP) maturity, but do they really? Cross-functional alignment is a complex challenge for chemical companies. If you’re curious about where your chemical company stands, take the assessment today. How mature is S&OP at your chemical company?

Chemicals 156

Chemicals S&OP Demand Planning Software Purchasing Skills 156

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Using Analytics In the World of Gray.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

GlobalTranz

DECEMBER 11, 2014

Today begins our series about electronic data interchange or EDI in transportation. What is Electronic Data Interchange? First we must understand and get on the same page of what is Electronic Data Interchange, or EDI, as it is not only used in the transportation industry. How does Electronic Data Interchange (EDI) Work?

Electronics 262

Electronics Transportation Data Resource Reduction 262

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). The term “AI” is overused.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 283

The Logistics & Supply Chain Management Society

MAY 28, 2022

With uncertainty a guarantee in the year ahead, leaders are realising the need to adopt applications that will improve visibility into demand and inventory, as well as tools that can help them model and simulate “what if?” Addressing supply chain challenges requires a framework spanning processes, people, data, and.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Innovation 269

RFgen

MARCH 12, 2024

In inventory management, the FIFO (First-In, First-Out) method takes center stage, offering a performance of unmatched clarity and efficiency in the world of stock control. Imagine your inventory as a flowing river, where the oldest water—your earliest products—moves forward to be used first, ensuring nothing stagnates or loses its relevance.

Inventory Management Software 79

Inventory Management Software Inventory Reduction Inventory Management Material Savings 79

Logistics Viewpoints

APRIL 1, 2021

Collaborating with suppliers on demand forecasts, inventory, and capacity: Supply chain teams can make optimal projections of material and capacity needs by supplier. Through collaboration, supplier inventories can be closely monitored for any shortages and proactive interventions. This can in turn benefit Tier 2 suppliers and beyond.

Optimal Sourcing 188

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 188

Supply Chain Shaman

APRIL 30, 2020

The companies are just not good at managing inventories and orchestrating distribution strategies. The average demand latency for a grocery retailer is eighteen days, three weeks for consumer manufacturers, and six-to-nine months for chemical companies. We focused on integration, not data synchronization, and interoperability.

Supply Chain Design Software 352

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Software 352