Remove Chicago Remove Eliminating Excel in Purchasing Remove Inventory Remove Metrics
article thumbnail

2020 Requires Big Wings and Feet

Supply Chain Shaman

The focus is on the role of supply chain finance in driving supply chain excellence. The design of the conference includes tours of several modern warehouses and centers of excellence. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Time horizon. The takeaway?

article thumbnail

Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Throwing Down the Gauntlet

Supply Chain Shaman

Tonight, I am stranded in a hotel in Chicago. The Chicago airport is closed for the night. I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter. However, no company in this chart is on a linear path towards improving both margin and inventory turns.

article thumbnail

What is Demand Forecasting? Importance and Benefits of Forecasting Customer Demand

ShipBob

You never really know how it will all turn out, yet you need to be able to answer questions like these: How many units of inventory do you need to have on hand to be at full stock for each SKU? How often do you project to replenish inventory ? Demand forecasting allows businesses to optimize inventory by predicting future sales.

article thumbnail

Like A Green Lump of Clay….

Supply Chain Shaman

My schedule had me on a plane to Chicago at the time of the presentation. Q: Is it only inventory disrupting the agility resulting from inaccurate forecasts by S&OP? The less conversion of materials in the inventory strategy, the greater the flexibility of the supply chain. The APICS event was not there. Is it S&OP?

article thumbnail

How do we Drive Invention to Innovation in Planning?

Supply Chain Shaman

This week, I spoke at the Chicago CSCMP round table event. I was an avid student of supply chain excellence; and in this role, I watched as best-of-breed solution after best-of-breed solution replaced with more complicated technology. Buying patterns are changing quickly, and the insights are multi-dimensional. I was a skeptic.