ShipBob

NOVEMBER 6, 2023

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?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

BlueYonder

JANUARY 3, 2024

Recently, a show I have come to quickly love has been “ The Bear ” which is about, a young fine-dining chef named Carmy, who comes home to Chicago to run his family’s sandwich shop. Several years ago, I attended a leadership conference in Chicago, and a simple statement one of the speakers made has resonated with me ever since.

Chicago 88

Chicago Conference Innovation Examples 88

Logistics Viewpoints

OCTOBER 2, 2023

The interview occurred during athe FourKites Visibility 2023 user conference on September 7th in Chicago. Shipment/inventory tracking can tell you whether a shipment will be on time, but not whether everything that was supposed to be on that shipment is there. In that study, FourKites 2021 revenues were estimated to be $65 million.

Real-time Visibility 219

Real-time Visibility Supply Chain Visibility Inventory Reduction Agile and Lean Supply Chain 219

The Logistics of Logistics

JULY 10, 2023

He and his wife, Michelle, live in Chicago. By orchestrating a “door to warehouse” label/box-less pickup at no additional cost to the retailer, Pollen can free up billions in working capital that is often trapped in excess inventory. He is Purdue University’s Mitch E. Daniels, Jr.

Waste Reduction 158

Waste Reduction Inventory Reduction Cost Reduction Strategies Logistics Network Optimization Software 158

Logistics Viewpoints

MAY 12, 2022

Amidst ongoing uncertainty caused by COVID-19 lockdowns in Asia, war in Europe, scarce raw materials and steep inflation, companies are stockpiling inventory as never before in the hopes of mitigating future supply chain shocks. As soon as inventory hits the yard, it gets lost in a shuffle of trailers.

Supply Chain Design Software 188

Supply Chain Design Software Supply Chain Planning Software Demand Planning Software Analytics Software 188

Supply Chain Shaman

MAY 26, 2023

Creating data semantics is analogous to mapping grammar and style rules in content writing style guides (Think Chicago Style Guide 10). If a company wants a perpetual inventory signal that is current and representative of the network, the unified data model allows roll-up in minutes, not hours. Why is this needed?

Optimal Sourcing 337

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 337

Logistics Viewpoints

OCTOBER 26, 2023

But to verify the “in full” part, your real-time transportation solution needs to be connected to warehousing, inventory, fulfillment and order management. A platform approach to real-time supply chain execution integrates across every critical system so you can get a real-time ETA together with a live view of your inventory.

Supply Chain Planning Software 200

Supply Chain Planning Software Real-time Visibility Supply Chain Design Software Supply Chain Planning 200

6 River Systems

MARCH 19, 2020

And this made sense when warehouses were truly pass-through for inventory. It used to be that you would source, manufacture, store, send to a store and then the consumer would access that inventory. Inventory now has to be much more nimble and therefore supply chain nodes can no longer resemble their static nature of old.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Design Software Optimal Sourcing 52

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. In the period of 2010-2018, within the chemical industry, margins fluctuated, largely driven by the price of crude, but inventory turns plummeted.

Supply Chain Design Software 250

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

BlueYonder

APRIL 1, 2013

Please join Bryan Ball, Vice President and Principal Analyst and myself as Lead Research Analyst at Aberdeen’s 7th Annual Supply Chain Management (SCM) Summit , taking place April 9-10 in Chicago. Day 2: April 10th | 10:50 am. ** The ROI Benefits of Vendor Managed Inventory (VMI) : Barilla’s Growth Initiative.

Supply Chain Design Software 65

Supply Chain Design Software Supply Chain Planning Software Chicago Supply Chain Software 65

Logistics Viewpoints

MARCH 2, 2023

Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. If it takes 50 days from ownership transition at origin to receipt at the warehouse, you could save $2M in inventory, or $250K in working capital, if you reduce transit time by one day (50 to 49 days). He lives in Chicago.

Waste Reduction 197

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 197

Resilinc

OCTOBER 2, 2023

Now the strike covers 21 states and 41 distribution centers, including two new, crucial plants: Ford’s Chicago assembly plant and GM’s Lancing Delta Township plant. The Chicago assembly plant is Ford’s largest and oldest plant , opened in 1924. The effects of the strike are already rippling through the automotive supply chain.

Automotive 75

Automotive Negotiate Pricing Negotiating Skills Supply Chain Planning 75

Supply Chain View from the Field

JULY 10, 2013

When Jon Stegner walked in to his first week at the University of Chicago Medical Center, one of the first places he visited was the Emergency Room, and the nearby supply room. What he saw there, was in his words, “chaos”. Medical supplies were in boxes strewn in random piles.

Chicago 60

Chicago Analytics Software Analytics Innovation 60

Logistics Viewpoints

JANUARY 12, 2023

” E2E also means being able to see things when they are not in transit, such as raw materials upstream, inventory in a warehouse or yard, products in retail outlets, or shipments stuck in customs. He lives in Chicago. You need visibility because you live within such a variable network.”

Supply Chain Planning Software 191

Supply Chain Planning Software Supply Chain Visibility Supply Chain Design Software Real-time Visibility 191

Logistics Viewpoints

AUGUST 22, 2023

It was precisely the industry’s inability to make real-time decisions (based on real-time data) that was at the root of depleted store shelves, clogged ports and warehouses overflowing with excess inventory. He lives in Chicago. Lesson learned.

Real-time Visibility 185

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 185

Freightos

FEBRUARY 28, 2022

Target, Q3 2021 : “ This year’s gross margin rate reflected pressure from higher merchandise and freight costs, increased inventory shrink, and increased supply chain costs from increased compensation and headcount in the Company’s distribution centers. ”. To learn more, visit the Chicago Mercantile Exchange’s website right here.

Negotiating Skills 177

Negotiating Skills Shipping Price Reduction Supply Chain Planning 177

Logistics Viewpoints

SEPTEMBER 28, 2021

Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility. He lives in Chicago. We should be able to see, with the click of a button, how much product is at the port of destination. And what is sitting in the warehouse. And at the cross-dock. And in the rail car.

Rail Software 188

Rail Software Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 188

Kinaxis

SEPTEMBER 6, 2017

An extreme example of this is a ride from Chicago to Colesburg, Tennessee taking 18 days, 13 hours, and 57 minutes! This has led to increased costs, not to mention all the inventory stuck in-transit. This has resulted in significant delays and disruptions in shipment deliveries.

Supply Chain Planning Software 241

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 241

The Logistics of Logistics

MAY 12, 2023

Kayne is the CEO and Board Director at Uptake , a Chicago-based Industrial AI and Analytics company that specializes in providing predictive analytics software-as-a-service (SaaS) solutions to various industries. About Kayne Grau Kayne Grau is a seasoned executive with an impressive track record in the technology industry.

Logistics Network Optimization Software 218

Logistics Network Optimization Software Analytics Software Predictive Analytics Software Optimization Software 218

Supply Chain Matters

JUNE 1, 2023

According to published reports from Freightways and Crains Chicago Business , the headcount reduction amounts to upwards of 10 percent of this tech provider’s global workforce. End to end supply chain visibility and execution process support technology provider project44 acknowledged a workforce reduction last week.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Supply Chain Software Chicago 52

PINC

JUNE 27, 2016

The event happened in Chicago between June 20th and June 22nd. The 3PL Summit and Chief Supply Chain Officer forum brought together supply chain executives and industry experts to discuss the latest trends in the industry.

Warehousing 140

Warehousing Chicago 3PL Supply Chain Execution 140

Supply Chain Shaman

JULY 22, 2019

It is not as simple as trading-off inventory, cost, and customer service. In the Supply Chains to Admire analysis, the focus is to understand the relative performance of a company within a peer group of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Imagine Supply Chain 2030. What is different?

Supply Chain Design Software 250

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

Supply Chain Shaman

JUNE 19, 2013

It comes in many flavors–increase in inventory, changes in sales policies, new product lines– all add to the complexity. The only industry that has made progress in inventory management is consumer electronics. The only industry that has made progress in inventory management is consumer electronics.

Forecasting 268

Forecasting Supply Chain Planning Software Agile and Lean Supply Chain Forecasting Software 268

Supply Chain Shaman

JUNE 3, 2019

A supply chain team improved forecast accuracy by 22%, but did not improve inventory or customer service. The focus is to understand which companies are able to drive better performance, while accelerating improvement, than peer group on a balanced scorecard of growth, operating margin, inventory turns and Return on Investment Capital (ROIC).

S&OP 169

S&OP Supply Chain Planning Software Supply Chain Design Software Modeling 169

Logistics Viewpoints

JANUARY 10, 2024

Welcome to A Day at ProMat 2023 ; Clint Reiser ProMat 2023 is being held this week, March 202 -23 in Chicago. In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. question as it relates to the operations and performance of company supply chains.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Predictive Analytics Software 246

Supply Chain Shaman

JANUARY 9, 2019

Stuck, the company struggled with customer service levels and high inventory write-offs. The process helped World Kitchen manage inventories through bankruptcy filing in 2002. The company was unable to design and implement a process to reduce item complexity. the organizational dynamics were tough. The result?

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Case Study Forecasting Software 259

Talking Logistics

OCTOBER 10, 2014

Next week, I’ll be speaking at the Ryder Innovate Forum in Chicago and the Elemica reveal 2014 conference in Frankfurt. UPS said…that nearly 300 outlets, including dry cleaners, convenience stores and pharmacies, in New York and Chicago would serve as access or pickup points. Life is good in freight transportation.

Logistics Network Optimization Software 138

Logistics Network Optimization Software New York Logistics Chicago 138

ToolsGroup

APRIL 4, 2023

By land, by air, by sea – transit organizations know the competition is fierce for retaining customer loyalty, requiring inventory management strategies that balance consumer needs with sustainability initiatives and business goals. These companies understand that one bad experience could jeopardize future sales.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 156

Talking Logistics

OCTOBER 25, 2017

A national food ingredient distributor, Chicago-based Batory Foods had recently opened a 700,000sf flagship DC in Wilmington, Ill., That meant we had to manage the container locations, maintain accurate inventory, and then share that information with our partners.”.

Food 100

Food New Zealand Case Study DC 100

Supply Chain Shaman

JUNE 8, 2017

This is despite the fact that the use of retail channel data is a significantly better demand signal for inventory management, on-shelf reliability, and forecast/demand planning accuracy. To make this point, I am conducting a face-to-face networking session at the Microsoft office in Chicago.

Supply and Demand 150

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 150

PINC

MARCH 9, 2017

It's literally a small town that will emerge and leave Chicago during a week. As we gear up for ProMat , we were asking ouselves about what kind of logistics challenges MHI and the event organizers will face with ProMat 2017? It's not your regular trade show. It's massive. Take a look at the numbers.

Chicago 0

Chicago Logistics Innovation Inventory 0

Supply Chain Shaman

MAY 31, 2014

As I work with teams to envision the new tomorrow, I find fewer people know the basic concepts of manufacturing planning–cycle inventories, freeze duration, slush period, bottlenecks and constraints. And, the service supply chain can be redesigned to have less inventory and more uptime. I feel lucky that I have. Medical Device.

Supply Chain Planning Software 265

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply and Demand 265

ShipBob

MARCH 28, 2024

This method is key for businesses looking to manage inventory flexibly and save on upfront costs. Strategic inventory management Utilizing in-bond shipments and bonded warehouses allows businesses to optimize their inventory management. We were shipping from our Chicago area warehouse to Canada for a long time.

Inventory Reduction 52

Inventory Reduction Supply Chain Design Software Inventory Management Software Cost Reduction Strategies 52

Supply Chain Game Changer

SEPTEMBER 7, 2022

If you are in Chicago, you can explore different Sprinter Van rentals in Chicago, Illinois , for a fleet of various Mercedes Sprinter models to serve all kinds of purposes. You also don’t have to worry about maintaining an inventory of vans on-site.

Supply Chain Design 91

Supply Chain Design Supply Chain Planning Supply Chain Modeling 91

Kinaxis

DECEMBER 24, 2015

Their job is now to help these contract manufacturers maintain the correct inventory levels throughout the complex distribution network. Additionally, they are responsible for redistribution of inventory between the distribution centers when it becomes apparent that they will need more Barbies in Chicago and more Legos in Ft.

Chicago 100

Chicago Supply Chain Planning Distribution Warehousing 100

PINC

JUNE 27, 2016

The event happened in Chicago between June 20th and June 22nd. The 3PL Summit and Chief Supply Chain Officer forum brought together supply chain executives and industry experts to discuss the latest trends in the industry.

Warehousing 100

Warehousing Chicago 3PL Supply Chain Execution 100