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

JULY 25, 2021

In fact, in our Supply Chains to Admire analysis, we find that this is true in twenty-five of twenty-eight industry sectors studied. Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Only four percent of companies outperformed their peer groups.

Procurement Analytics 370

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

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 227

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 227

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

Unleashed

SEPTEMBER 23, 2021

You’ll also need to design a platform to enable rapid transfer, coordinate transportation and manage inventory – and your staff will need training to ensure your operation runs smoothly. Three case studies Cross docking strategies are used around the world and across different industries. Who uses cross docking?

Case Study 92

Case Study Cost Reduction Strategies Study Inventory Reduction 92

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. For visualizing a products next life or “end of product life”, I will be focussing on packaging. #1 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

Supply Chain Shaman

MARCH 28, 2016

In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. When this happens, we find that the organization is more aligned and perform(s) better on the Supply Chain Metrics That Matter –growth, inventory turns, operating margin, Return on Invested Capital (ROIC). (We

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

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 252

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 252

Supply Chain Shaman

JUNE 21, 2023

Many of the case studies being presented at today’s conferences were born during the pandemic and the post-pandemic turbulence. We find that the companies with the most marked improvement in a balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) are smaller and less well-known.

Gartner 351

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 351

The Logistics & Supply Chain Management Society

SEPTEMBER 21, 2022

A study by the University of Michigan in 2018 showed how a patty of plant-based Beyond meat compared to a regular US beef patty of meat. Timing when stores need replenishment or when factory production will increase its demand, will likewise have better forecasting software to lower the overall waste in our inventory and retail systems.

Supply Chain Design Software 246

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 246

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

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. The decline in inventory turns uses cash. I pulled up my covers to go to sleep four hours later. My question is, “Why?”

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Supply Chain Shaman

DECEMBER 10, 2014

If you ask companies if they would like better inventory and global supply chain visibility, you will get an overwhelming answer of, “Yes!” In our recent report on defining supply chain visibility in B2B networks, we provide a definition based on a research study of over seventy participants.

Supply Chain Network Software 279

Supply Chain Network Software Pharmaceutical Supply Chain Software Supply and Demand 279

Supply Chain Shaman

SEPTEMBER 9, 2013

We have been analyzing balance sheets and studying the financial performance of companies for the last sixteen months. Complexity has risen and progress on margin and inventory is stalled. We wanted to understand how companies have made the trade-offs of growth, profitability, cycles and complexity.) In table 1, we share these results.

Conference 277

Conference Supply Chain Design Software Supply Chain Design Chemicals 277

Supply Chain Shaman

JULY 22, 2019

History will also include case studies of mergers and acquisitions. The study of improvement and performance for the 535 companies in 26 industries took two months. It is not as simple as trading-off inventory, cost, and customer service. There is no correlation between technology selection and balance sheet performance.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 252

Logility

OCTOBER 23, 2017

Someone also has to add the appropriate amounts of chemicals. Changing one chemical level can lead to adverse changes in other chemical levels. Another solution is the application of additional automation to sense, analyze and automatically inject the right amount of chemicals into the pool.

Supply Chain Software 100

Supply Chain Software Supply and Demand Supply Chain Planning Software Modeling 100

Supply Chain Shaman

OCTOBER 25, 2013

A chemical company just should not be compared to a high-tech company using this methodology. We have found that nine out of ten organizations are stuck on their ability to make improvements on both operating margin and inventory turns in the same year. And, recently, Procter & Gamble is more focused on improving inventory turns.

Gartner 257

Gartner Supply Chain Strategy Supply Chain Software Supply Chain 257

Supply Chain Shaman

JULY 3, 2015

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. It is a study of performance patterns at the intersection of the metrics. A year-over-year comparison is not sufficient.

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

Supply Chain Shaman

MARCH 5, 2019

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. Figure 4 is a case study from Lenovo.

Supply Chain Design Software 286

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 286

Supply Chain Shaman

MAY 29, 2014

I just don’t think the comparison of very different industries in a spreadsheet based on growth, inventory values, and Return on Assets (ROA) is meaningful. Take the chemical industry. The reason is that as a chemical company, they must run assets, and the methodology penalizes companies with deep asset strategies.

Gartner 301

Gartner Inventory Reduction Supply Chain Planning Software Pharmaceutical 301

Supply Chain Shaman

FEBRUARY 13, 2013

Consumer packaged goods (CPG), food and chemical manufacturers are stuck and pharmaceutical and industrial companies are losing ground and moving backwards. I give thanks for Abby Mayer’s patience in working with me to run study after study to compare the data. Who Did It Best? As I write this, I hang my head.

Pharmaceutical 231

Pharmaceutical Inventory Reduction Cost Reduction Strategies United States 231

Supply Chain Shaman

JUNE 3, 2019

A large system integrator implemented Logility in a chemical company for services of $5.4M A supply chain team improved forecast accuracy by 22%, but did not improve inventory or customer service. If you helped with the study, let me start with a heartfelt THANKS!). without a material balance. Fire Fighters. The reason?

S&OP 171

S&OP Supply Chain Planning Software Supply Chain Design Software Modeling 171

Supply Chain Shaman

FEBRUARY 18, 2013

Here is a link to the healthcare research study in the field. Pharmaceutical companies are struggling with falling margins and rising inventories. In our work with pharmaceutical companies, most executives wince when we mention inventories. However, most do not realize that the Days of Inventory for the industry has grown 33%.

Pharmaceutical 169

Pharmaceutical Supply Chain Network Software Eliminating Excel in Purchasing Procurement Analytics 169

IQMS

AUGUST 15, 2018

Analytics for quality management and inventory optimization are the pilots most likely to progress to production rollouts. These and many other insights are from McKinsey’s latest study on digital manufacturing’s adoption, How Digital Manufacturing Can Escape ‘Pilot Purgatory.’ Key takeaways from the digital manufacturing study.

Manufacturing 40

Manufacturing Supply Chain Software Analytics Software Inventory Reduction 40

Supply Chain Insights

SEPTEMBER 9, 2013

We have been analyzing balance sheets and studying the financial performance of companies for the last sixteen months. Complexity has risen and progress on margin and inventory is stalled. We wanted to understand how companies have made the trade-offs of growth, profitability, cycles and complexity.) In table 1, we share these results.

Conference 161

Conference Supply Chain Design Software Supply Chain Design Chemicals 161

MIT Supply Chain

JUNE 30, 2022

This approach is especially effective in areas such as sourcing optimization, managing replenishment and inventory strategies, and last-mile network design. MIT CTL helped a chemical company adapt to customers’ demands for shorter delivery lead times. Studies must also align with the company’s managerial and organizational culture.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Modeling 52

Global Trade Management

SEPTEMBER 4, 2023

Biosecurity incidents occur when products are contaminated with pathogens, chemicals, or other harmful substances that can compromise health and safety. It ensures adherence to quality control procedures and enables real-time monitoring of inventory levels.

Food 59

Food Meeting Pricing Training Supply Chain Design Software 59

Supply Chain Shaman

JUNE 14, 2018

Today, over 90% of companies have deployed ERP and APS, but as shown in Table 1, inventory levels have grown not decreased in over 80% of industries studied. And, while inventories in automotive have decreased slightly, this progress is primarily due to the shifting of inventory back to suppliers versus overall value chain improvement.

Optimal Sourcing 171

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 171

Supply Chain Shaman

AUGUST 2, 2017

The average company has seven S&OP processes, but a global chemical company averages over 30. Forecasting hierarchies need to roll up to define business requirements, and inventory needs to be reported by form and function. Form and Function of Inventory. Build a system to enable these flows. Financial Reporting.

S&OP 154

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 154

Logistics Viewpoints

MARCH 6, 2023

Mr. Sorenson has studied integrated business planning for many years. The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.” Dean Sorenson concurs. GEON is owned by SK Capital.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 235

Talking Logistics

MAY 13, 2015

Like the multi-billion dollar chemical manufacturer that had been paying market rates for ocean transportation for eight years because nobody realized that their contract, filed away in a drawer by a transportation manager who had left the company, had expired. From the article: Columbia Sportswear added $415.6 billion in worldwide revenue.

Supply Chain Software 100

Supply Chain Software Procurement Analytics Analytics Software Supply Chain 100

BR Williams Supply Chain Management

AUGUST 31, 2020

A 3PL provider can provide access to technology like a warehouse management system (WMS) for tracking inventory, shipment status, and other tracking information, giving you the peace of mind that your products experience professional care. According to a study by the Georgia Institute of Technology , less than 30% of warehouses in the U.S.

Warehousing 98

Warehousing Material Savings 3PL Logistics Network Optimization Software 98

USC Consulting Group

JANUARY 10, 2022

Some operations consultants are advisory consultants, or “boardroom consultants” who perform a two- to three-week study and provide a book of recommendations to help you out, and then hand it to you and go on their way. It’s a useful process, but we’ve found it’s missing a critical area: Inventory.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Inventory Reduction 40

Unleashed

DECEMBER 13, 2023

The Q3 2023 index scores are based on more than 400,000 data points from 2,600 manufacturing firms using the Unleashed inventory management system. These signs of growth have been spread relatively evenly across manufacturers, with 11 of the 16 industries studied measured above 50 health points.

Manufacturing Procurement 52

Manufacturing Procurement New Zealand Manufacturing Beverage 52

Supply Chain Shaman

AUGUST 2, 2017

Today, the average company has seven S&OP processes, but a global chemical company averages over 30. Forecasting hierarchies need to roll up to define business requirements, and inventory needs to be reported by form and function. Form and Function of Inventory. The proliferation of S&OP is not a trivial topic.

S&OP 152

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 152

EHS Sustainability Knowledge at Work

NOVEMBER 16, 2018

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. Cost, process, regulatory and safety issues converge to making chemical management a critical, complex and cumbersome activity.

Chemicals 45

Chemicals Sustainability Demand Planning Software Inventory Reduction 45

Supply Chain View from the Field

SEPTEMBER 3, 2015

I presented the results of the study we completed this past spring for the USDA on the Economic Impact of the Biobased Sector. As an example, Chemical Manufacturing (NAICS 325) encompasses a variety of chemical manufacturing codes including petrochemicals (3251), but none for biobased chemicals.

Manufacturing Procurement 60

Manufacturing Procurement Chemicals Supply Chain Design Software Purchasing Skills 60