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

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. In today’s supply chain, these traditional assumptions are usually false; yet, we try to use old-fashioned tools to drive better decisions without testing the output of the systems.

Supply Chain Planning Software 227

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

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and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems.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

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

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and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems.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

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

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Packaging for consumer products is the most customer-facing marketing tool that we have. He crafted delivery solutions for e-commerce clients and managed supply chains for several chemical and freight forwarding companies. It is what displays the brands name and the values that the brand supports.

Optimal Sourcing 162

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

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

Logistics Viewpoints

DECEMBER 12, 2022

They also are also one of the largest distributor in the US of tools, equipment and supplies for the tire and wheel service industry. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company. Typically, supply chain planning drives significant reductions in inventory.

Supply Chain Planning Software 201

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

Logility

MAY 2, 2012

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. Inventory optimization is a time-phased problem.

Network Design Software 100

Network Design Software Network Design Network Optimization Supply Chain Design Software 100

Logility

MAY 2, 2012

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. Inventory optimization is a time-phased problem.

Network Design Software 100

Network Design Software Network Design Network Optimization Supply Chain Design Software 100

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

The Logistics & Supply Chain Management Society

SEPTEMBER 21, 2022

This will always be the case and there are always new tools to assist with this. 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

AIMMS

JANUARY 30, 2019

We had quiz takers from 23 countries and across industries – from chemicals to manufacturing, metals, telecom, cosmetics, consumer goods, t ransportation and food. It’s great to see the enthusiasm for this interactive tool. . “Do you currently use advanced analytics to optimize your network?”

Supply Chain Design Software 230

Supply Chain Design Software Supply Chain Network Software Network Design Software Network Optimization 230

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 287

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 287

AIMMS

JANUARY 30, 2019

We had quiz takers from 23 countries and across industries – from chemicals to manufacturing, metals, telecom, cosmetics, consumer goods, t ransportation and food. It’s great to see the enthusiasm for this interactive tool. . “Do you currently use advanced analytics to optimize your supply chain network?”

Supply Chain Design Software 156

Supply Chain Design Software Supply Chain Network Software Network Design Software Supply Chain Software 156

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. Use network design tools to continually redesign and align. Promotions.

Supply Chain Design Software 353

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Software 353

Supply Chain Shaman

AUGUST 12, 2020

The methodology did not include a peer group analysis, and I strongly felt that chemical, retail, and telecommunications companies should not be compared in the same analysis. After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital.

Gartner 239

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 239

ToolsGroup

MARCH 13, 2018

Beyond cars and machine tools, 3D printers are now making spare parts to order for the US Marine Corps, container ships, and beverage filling plants. how to segment your inventory portfolio to determine which spare parts in your supply chain are best suited for 3D printing versus other approaches.

Supply Chain Planning Software 180

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 180

BR Williams Supply Chain Management

JANUARY 18, 2021

Forecasting tools. Warehouse inventory management systems (WMS). The ideal situation for any retailer or manufacturer is to have just enough inventory on hand to sell or to keep production lines running smoothly. Successful distribution management utilizes: State-of-the-art information systems. Logistics software.

Inventory Reduction 89

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 89

Supply Chain Shaman

MAY 17, 2015

In short, this major manufacturer and a well-respected supply chain leader, lamented the lack of good decision support tools and the singular focus of his IT team to focus on ERP implementation. Companies with tightly coupled ERP planning tools–those from SAP and Oracle– feel stuck. ” The dialogue was rich.

Supply Chain Planning Software 150

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

Supply Chain Shaman

JULY 3, 2015

It is now owned by Gartner Group and used as a commercial tool to drive client engagements. 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. Companies compete. It is a HOAX.

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

Logistics Viewpoints

MARCH 6, 2023

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.” SK Capital is a private investment firm focused on the specialty materials, chemicals, and pharmaceuticals sectors. GEON is owned by SK Capital.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 235

OptiProERP

FEBRUARY 8, 2024

This process builds melted material layer by layer as the nozzle moves horizontally and the bed moves vertically, with layer adherence facilitated through temperature control or chemical bonding agents.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

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?” Risk planning and technology utilisation. The effort will absolutely pay off. Building capability and consistency.

Supply Chain Planning Software 269

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

DELMIA Quintiq

MAY 27, 2015

How do you avoid spending additional millions to cover extra inventory costs and shipping delays? Optimizing inventory in S&OP. Flawed inventory data leads to plans that are of little practical use. Page 32 of the supply chain planner’s playbook explains how to bridge the inventory gap between model and reality.

Inventory Reduction 120

Inventory Reduction Waste Reduction Cost Reduction Strategies Supply Chain Planning Software 120

Enterra Insights

OCTOBER 3, 2023

This has provided managers with a powerful tool to successfully anticipate outcomes — both positive and negative.”[5] It doesn’t necessarily have to be an industrial system but can be a biological, chemical, ecological, or any other system.” ” (2) The digital representation.

Supply Chain Design Software 130

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

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 Game Changer

NOVEMBER 5, 2019

MRO items include consumables (such as cleaning, laboratory, or office supplies), industrial equipment (such as compressors, pumps, valves) and plant upkeep supplies (such as gaskets, lubricants, repair tools), and computers, fixtures, furniture, etc.” Proactive inventory management is essential. Why is MRO Management Important?

Manufacturing Procurement 51

Manufacturing Procurement Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing 51

MIT Supply Chain

JUNE 30, 2022

These advances coupled with a flood of new data on operational performance have created extremely powerful, more accessible, design tools. Integrate more granular, tactical components into strategic decision-support tools to achieve a closer match between the anticipated and actual performance of supply chain networks.

Supply Chain Design Software 52

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

Supply Chain Shaman

MAY 13, 2015

Forty years ago as a chemical engineering student, I learned the tedious craft of chemical plant design. Getting good at factory design is a merit badge of sorts for the chemical engineer. Getting good at factory design is a merit badge of sorts for the chemical engineer. In this position, we designed real-world plants.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Agile and Lean Supply Chain 150

Bristlecone

JULY 1, 2020

The evolution of planning tools – from inventory control packages in the early 1960s to MRP (Material Requirements Planning), then to comprehensive ERP solutions – reveals technology changes to cater to evolving business needs. The net effect is lead time reduction and optimum inventory levels. KEY TERMINOLOGY. BUFFER LEVELS.

Material Savings 52

Material Savings Supply Chain Planning Software Inventory Reduction Demand Planning Software 52

SCMDOJO

NOVEMBER 24, 2023

By prioritizing safety, warehouse managers can ensure that their employees can work in a secure environment, reducing the risk of injuries, costly lawsuits, and damage to inventory. Hazardous Materials: Mishandling or inadequate storage of hazardous materials can lead to chemical spills or other accidents.

Warehousing 63

Warehousing Optimal Sourcing Material Savings Inventory Reduction 63

Talking Logistics

OCTOBER 12, 2017

That’s why we see supply chain leaders leveraging a class of technology known as “Analytics Platforms” which are emerging as the bridge between enterprise planning systems and advanced analytics tools. Even in top performing supply chains analytics platforms can have a measurable impact.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Planning 115

AB&R

APRIL 3, 2019

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. No, this isn’t a thumb war or even a battlefield by any means.

Supply Chain Software 74

Supply Chain Software Supply Chain Design Software Inventory Management Software Material Savings 74