Process Chemicals – A Complex Supply Chain in Motion

Logility

On a recent road trip to retrieve my daughter from college I drove past a handful for chemical manufacturing plants of various types. Viewing a chemical manufacturing plant from a distance everything seems so peaceful and static.

How to Safely Handle Chemical Products!

Supply Chain Game Changer

Every time I am asked about how to handle and transport chemical products I answer that it is all about being well-informed. Indeed, there are various elements that one has to know when it comes to the storage and handling of chemical products. 1- Know your chemicals.

Process Chemicals — A Complex Supply Chain in Motion

Logility

On a recent road trip to retrieve my daughter from college I drove past a handful for chemical manufacturing plants of various types. Viewing a chemical manufacturing plant from a distance everything seems so peaceful and static.

A “Must Read” for Chemical Supply Chain Success

Loftware

What are some of your top-of-mind concerns in the Chemical supply chain? Choose the right solution and you can see dramatic improvements in efficiency, cost reduction, and inventory management. Supply Chain GHS Chemical

Upstream Unconventional Oil and the Chemicals Used in Drilling: A Supply Chain in Need of Improvement

Logistics Viewpoints

In producing oil, chemicals are injected into the ground to increase flow. The amount of chemical treatment is tied to the oil and gas production rates; treatments need to be adjusted as production rates vary. In many situations production treatment chemicals represent the second highest […]. Business Intelligence Chemical Industry Inventory Management Mobile Technologies Procurement/Sourcing Unconventional Oil includes shale oil and oil from tar sands.

Seven Strategic Components for a Proactive Process Chemical Supply Chain

Logility

Process chemical manufacturers face complex supply chain challenges including dealing with hazardous and perishable ingredients whose characteristics (potency, color, composition, etc.) Add to these factors razor-thin margins, SKU-proliferation, globalization, long lead times to increase capacity, and products that tend to be heavy and expensive to move and you start to understand the complexities involved with running an efficient process chemical supply chain.

Segmenting Your Inventory by Gross Margin and Demand Variability

ToolsGroup

Gartner Research analyst Paul Lord has developed a thought-provoking approach (shown in the above diagram) for tailoring supply and inventory tactics to different inventory segments. As we showed in a previous blog, it’s not the only way to segment your inventory, nor nearly the best.

Key Ingredients to Formulating a Winning Supply Chain Strategy in the Process Chemical Industry

Logility

Chemical manufacturers are faced with shrinking margins and cannot afford to put the wrong product in the wrong location at the wrong time. Inventory tends to be a very visible supply chain cost to senior management. Process manufacturers face a highly complex supply chain challenge.

Better Chemical Inventory Needed To Avoid Disasters

Loftware

ChemicalThe possibility of environmental disasters threatens development around the world. Nations throughout the developing world are seeking new corporate investment. But environmental issues are demonstrating how challenging this can be.

Pilot Chemical Company: Capacity Assurance and Being a Dependable Supplier

Talking Logistics

Capacity assurance is critical,” said Jeff Baxter, Director of Supply Chain at Pilot Chemical Company in a recent episode of Talking Logistics.

World's Most Important Chemical Made Rare Commodity by Harvey

Material Handling & Logistics

Texas alone produces nearly three-quarters of the country’s supply of one of the most basic chemical building blocks. Ethylene is one of the big reasons the damage wrought by Hurricane Harvey in the chemical communities along the Gulf is likely to ripple through U.S.

Provoking the Industry to Move Past Incrementalism

Supply Chain Shaman

When we study 600 public companies by peer group, at the intersection of inventory turns and operating margin, only 5% drive improvement. 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.

Medicine's Inventory Nightmare

Elementum

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. These figures can be attributed to the fact that inventory management poses a particularly challenging task in the healthcare industry, where inventory needs constantly fluctuate, requiring meticulous tracking methods. medical supplies healthcare inventory management

Medicine's Inventory Nightmare

Elementum

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. These figures can be attributed to the fact that inventory management poses a particularly challenging task in the healthcare industry, where inventory needs constantly fluctuate, requiring meticulous tracking methods. medical supplies healthcare inventory management

A New Red Wagon?

Supply Chain Shaman

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.

7 Steps To Manage Your Chemical Inventory With Software

EMERGE App

If you’re dealing with chemicals in your business, you have an obligation to store and transport these chemicals safely. Also, you need to comply with various government laws and regulations that include keeping a proper record of hazardous chemicals. Introduction.

Supply Chain Operating Networks Create Supply Chain Rockstars

Talking Logistics

In a study conducted by Accenture in 2015 of chemical companies, results showed that 94 percent expect to boost their investment in digital capabilities in the next three years to embrace a competitive advantage.

Don’t Perpetuate the Hoax of the Gartner Top 25

Supply Chain Shaman

Inventory Turns (15%) (based on 2014 results). As a result, when the spreadsheet is sorted, a chemical company is stack-ranked against a retail player, and a high-tech company against a food distributor.

Corporate Risk and the Growing Case for Sustainable Chemical Management

EHS Sustainability Knowledge at Work

With more than 70,000 chemicals currently in common use – and 1,000 new chemicals coming into use every year – maintaining and managing their effective, appropriate and responsible use is a challenging task.

3 Key Multi-Echelon Inventory Optimization Challenges and How to Overcome Them

Arkieva

When it comes to inventory optimization , companies often have to play a delicate balancing game to ensure that they have optimal levels of inventory. If your forecast numbers are too high, you run the risk of holding costly excess inventory and reducing available cash on hand.

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.

Four Inventory Optimization Questions Every Life Sciences Supply Chain Team Should Ask Itself

Logility

How do you know if meaningful inventory optimization is possible for your life sciences organization? Supply chains in all branches of the industry involve high-value, high-margin items that tend to trap large amounts of working capital in excess inventory, so the potential benefit is real.

Four Inventory Optimization Questions Every Life Sciences Supply Chain Team Should Ask Itself

Logility

How do you know if meaningful inventory optimization is possible for your life sciences organization? Supply chains in all branches of the industry involve high-value, high-margin items that tend to trap large amounts of working capital in excess inventory, so the potential benefit is real.

Good Safety is Good Business at the LogiChem 2015 Conference

CH Robinson Transportfolio

I always come back from these conferences inspired and fascinated at how diligent chemical supply chain managers must be to mitigate risk and adverse events. These chemical manufacturers must improve their supply chain resilience in order to thrive, be successful, and—ultimately—be safe.

Multi-Echelon Inventory Optimization and Network Design - Differences?

Logility

Any time you want to optimize across an enterprise, whether it is inventory or product flows, you need to represent a logical representation of the supply chain. This brings us full circle to what the difference is between multi-echelon inventory optimization (MEIO) and network design. Network design optimizes the network and uses inventory policy as a constraint. Inventory optimization applications solve a real-world detailed inventory policy and deployment problem.

Multi-Echelon Inventory Optimization and Network Design - Differences?

Logility

Any time you want to optimize across an enterprise, whether it is inventory or product flows, you need to represent a logical representation of the supply chain. This brings us full circle to what the difference is between multi-echelon inventory optimization (MEIO) and network design. Network design optimizes the network and uses inventory policy as a constraint. Inventory optimization applications solve a real-world detailed inventory policy and deployment problem.

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory. I was luck enough to get to take this class twice, and it was one of the most profound courses that I took in chemical engineering school.

Data 345

Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

The chemical industry is the first to feel a recession, and the early travel freezes is a definite caution flag. There is no logical connection between inventory strategy and logistics optimization or the multiplicity of rules—allocation, ATP, inventory matching, routing—and planning engines.

Inventory Accounting: When Should You Use the Weighted Average Cost?

Unleashed

Accounting cost methods are used to control how a businesses inventory expenses appear on the company books. The weighted average is an accounting cost method used to value a company’s inventory by applying the average cost of on-hand inventory to each item of inventory stock. This means that both the cost of goods sold (COGS) and on-hand inventory are treated comparatively the same when it comes to determining value.

Barcode and RFID technology and automation

AB&R

However, we see numerous companies living in the historical past, and we’re talking very LARGE enterprise organizations, still using pencil and paper to take inventory, track deliveries, and other areas of the business where automation would transform the way they operate. Declare.

The Evolution of Supply Chain is Becoming Patient-Centric

DynaSys

The days of bringing a variety pack of orthopedic implants into the operating room or trying to guess the dosage and chemical composition of a particular pharmaceutical are giving way to solutions more tightly aligned with the patient’s specific needs.

Measuring Up?

Supply Chain Shaman

In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. Inventory Turns. The bigger the inventory turns number the better. Improvements in C2C outpaced inventory improvements.

Don’t Make These 8 Horrible Inventory Management Mistakes Before Halloween

EMERGE App

Not cleaning up the inventory skeletons in your closet can mean a difference between a ho-hum year and a bumper year. Here we’re going to cover some common inventory management mistakes that businesses make while winding up the year. Introduction.

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. inventory turns. for inventory turns define best-in-class performance?

Why?

Supply Chain Shaman

The chemical and consumer electronics industries have made the most progress. It comes in many flavors–increase in inventory, changes in sales policies, new product lines– all add to the complexity.

Inventory Management for the Construction Industry

EMERGE App

For inventory management, in particular, we’ve seen how cloud apps such as EMERGE App are equally at home managing the inventory of artisanal handmade jewelry, exotic car parts, and even industrial chemicals. Asset Management Versus Inventory Management.

What Technology are Teams Using to Support Their Demand Forecasting Process?

AIMMS

With supply chain complexity on the rise, can new technologies help to improve forecast accuracy and achieve benefits like an optimized inventory and better customer service? Many of them in the chemicals, consumer goods, food and beverage and manufacturing industry. .