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. How do you achieve this?

Inventory Reduction 52

Inventory Reduction Price Mitigation Strategies Material Savings Optimization Software 52

Logistics Viewpoints

SEPTEMBER 30, 2014

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 […].

Chemicals 149

Chemicals Optimal Sourcing Inventory Management Software Supply Chain Software 149

Supply Chain Game Changer

FEBRUARY 22, 2020

Chemicals article written for Supply Chain Game Changer by Carla Sanz. 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.

Chemicals 53

Chemicals How To Training Price Mitigation Strategies 53

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

ToolsGroup

JUNE 8, 2018

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. Traditional ABC inventory models segment inventory into A, B and C categories based on annual consumption value.

Modeling 197

Modeling Optimal Sourcing Inventory Reduction Demand Planning Software 197

Roambee

MARCH 11, 2021

The chemical supply chains stand at the crossroads of another upgrade; on one end there are traditional methods that pose challenges and on the other you have compelling technology solutions. Discover the significant challenges that lack of real-time visibility brings and how your organization can cope with them better.

Chemicals 52

Chemicals Supply Chain Software Real-time Visibility Agile and Lean Supply Chain 52

Unleashed

NOVEMBER 16, 2022

Gross Margin Return on Inventory (GMROI), a profitability metric that accounts for unsold inventory, has now dropped in all three countries as manufacturers abandon the Just In Time business model for the more costly Just In Case approach. Percentage change in stock on hand value, UK (Q3 2019 v Q3 2022). Food 93.69%.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction New Zealand Price Reduction 52

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

Supply Chain Shaman

NOVEMBER 29, 2021

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. Full Warehouses. Rolling Electrical Outages in China. Expect this to grow worse in the winter.

Supply Chain Planning Software 276

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

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 Game Changer

NOVEMBER 10, 2018

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. Indeed not all chemicals are similar.

Chemicals 43

Chemicals How To Training Price Mitigation Strategies 43

NC State SCRC

MARCH 17, 2021

Prices for polyethylene, polypropylene and other chemical compounds used to make auto parts, computers and a vast array of plastic products have reached their highest levels in years in the U.S. For one of the high grade ethylene required, there is only one manufacturer in North America, who is in Texas (Eastman Chemical).

Texas 52

Texas Chemicals Supply Chain Design Software Supply Chain Design 52

Supply Chain Shaman

NOVEMBER 29, 2021

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. Full Warehouses. Rolling Electrical Outages in China. Expect this to grow worse in the winter.

Supply Chain Planning Software 264

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

Unleashed

MAY 7, 2023

With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Material Savings Inventory 52

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

NOVEMBER 29, 2021

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. Full Warehouses. Rolling Electrical Outages in China. Expect this to grow worse in the winter.

Supply Chain Planning Software 195

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

Supply Chain Shaman

APRIL 16, 2024

Through work with Georgia Tech, the supply chain team can affect 70% of market capitalization in the food, chemical, and pharmaceutical industries. Focus on improving operating margin, inventory turns, and revenue/employee simultaneously. Seasonal Inventory Build or Asset Capacity to Ramp for a Seasonal Demand Usually.

Supply Chain Planning Software 217

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

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

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

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 215

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 215

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. 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. Chemical margins are following oil prices.

Supply Chain Planning Software 223

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

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

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Inventory. My takeaway?

Optimal Sourcing 229

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 229

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

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

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. Why Inventory Accuracy Matters. Reducing Inventory Overstock in Chemical Industry. Reducing inventory overstock is another.

Supply Chain Optimization 95

Supply Chain Optimization Supply Chain Software Optimization Software Supply Chain Design Software 95

Supply Chain Shaman

AUGUST 7, 2019

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. inventory turns. for inventory turns define best-in-class performance? Ask the group what is possible?

Supply Chain Design Software 250

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

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

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 80

Inventory Management Software Inventory Reduction Inventory Management Material Savings 80

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

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

Logistics Viewpoints

JULY 22, 2021

nodes), flows of the products between origin-destination pairs, and policies (inventory, replenishment, asset utilization etc) with no clear accountability on how the recommendations make their way into planning and execution. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks. He received his Ph.D.

S&OP 244

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

Talking Logistics

MAY 24, 2017

“Capacity assurance is critical,” said Jeff Baxter, Director of Supply Chain at Pilot Chemical Company in a recent episode of Talking Logistics. In particular, he discussed the use of a dedicated virtual fleet as a capacity assurance option, which they have set up and manage for Pilot Chemical.

Chemicals 30

Chemicals Capacity Company Third Party Logistics 30

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). Excellence happens at the trade-off of margin (not cost), growth, inventory, and Return on Invested Capital.

Supply Chain Planning Software 369

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

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). Lack of Focus on Form & Function of Inventory and Designing Network Flows. As supply chains moved from regional to global, intransit and cycle inventories increased.

Procurement Analytics 370

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

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

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

He crafted delivery solutions for e-commerce clients and managed supply chains for several chemical and freight forwarding companies. Tim has held various positions with MNCs, gaining a wide knowledge and expertise in logistics operations.

Optimal Sourcing 162

Optimal Sourcing Supply Chain Planning Software Singapore Logistics Network Optimization Software 162