Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

Today, I am cruising major freeways traveling from Chicago to my new home in Pennsylvania. At the session, we discussed why companies have not made more progress on inventory management. Days of Inventory Pre and Post-Recession. IT View of the Current State of Inventory.

Aberdeen’s Supply Chain Summit Returns to Chicago with Over 200 Registrants

Supply Chain Nation

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. Growth at Barilla has been accelerated through an innovative Vendor Managed Inventory Program.

Using RFID Two Bin Kanban at the University of Chicago Medical Center: Healthcare Analytics Innovation!

Supply Chain View from the Field

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. Next, the team examined the average usage of parts, and established the reorder quantity for each part, as well as the average inventory that should be in each bin, with the objective of keeping no more than four days’ worth of supply in each bin, and a one day resupply level.

Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

There is no logical connection between inventory strategy and logistics optimization or the multiplicity of rules—allocation, ATP, inventory matching, routing—and planning engines. Second Step: Understand the Role of Inventory. Current Levels of Inventory.

Drones and Robots in the Warehouse

PINC YMS

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

Drones and Robots in the Warehouse

PINC YMS

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

Supply Chain Is at Its Best When You Can’t See It

Kinaxis

Although it was a hockey game that started my thought process for writing this article, it was my four hour delay at the Chicago airport that gave me ample opportunity to write this post and reflect.

The March of the Lemmings.

Supply Chain Shaman

A supply chain team improved forecast accuracy by 22%, but did not improve inventory or customer service. Supply Chain Insights Global Summit , September 3rd-6th, 2019, to be held at UI Labs, Chicago, IL. Lemmings are misunderstood. So are supply chain leaders. What is a lemming?

De-segregating the supply chain: Lessons learned in the air

Kinaxis

My original plan had been to leave XNA in the afternoon, connect in Chicago, and arrive back at DCA in the late evening. There have been modular solutions to solve for demand planning , supply planning , master production scheduling , inventory optimization , and sales and operations planning.

What Is The Mission?

Supply Chain Shaman

Overall results in business performance on the critical supply chain metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) are declining. Let’s start with a discussion on inventory. In Table 1, we share the comparison of inventory levels by the industry peer groups pre and post-recession. Despite the investment in technology and whiz-bang approaches, inventory levels today are significantly higher than the pre-recession period.

Tackling Item Complexity

Supply Chain Shaman

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. Personalization. Market microsegmentation. New product launch.

S&OP: Can You Make Decisions at the Speed of Business?

Supply Chain Shaman

Teams continuously balance cost, customer service, asset utilization and inventory. Supply Chain Insights Global Summit , September 3rd-6th, 2019, to be held at UI Labs, Chicago, IL. Yawn. I spent time this week completing reference calls on the use of S&OP technologies.

S&OP 244

Combating the Digital Supply Chain Talent Gap

Supply Chain Nation

I discussed how even though the business processes of demand planning, supply planning and inventory planning remain the same, what has changed in this new digital world is an exponential increase in the volume, frequency and speed of data.

This Week in Logistics News (June 22-26, 2015)

Talking Logistics

Deliv Acquires WeDeliver in Chicago. According to Reuters , “Wal-Mart Stores will begin charging fees to almost all vendors for stocking their items in new stores and for warehousing inventory, raising pressure on suppliers as the world’s largest retailer battles higher costs from wage hikes.”

Why Segmentation and Profitability Go Hand in Hand

Supply Chain Nation

The Aberdeen Supply Chain Summit in Chicago earlier this month was a productive event for supply chain executives and practitioners.

Editor’s Pick: Profiles in Yard Management Excellence – Batory Foods

Talking Logistics

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 106

Getting Serious About Outside-in Processes

Supply Chain Shaman

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.

How Peapod drives supply chain innovation and efficiency with analytics

AIMMS

Peapod has a large number of what we call warerooms – small fulfillment locations attached to Ahold Delhaize grocery stores that are used to serve online grocery customers, while also leveraging the store’s inventory. An interview with Daniël van Gool at Peapod.

California Freight Heats Up, Spurred By Hanjin Collapse

DAT Solutions

Even if they didn’t have cargo on Hanjin ships, big retailers are starting to shift inventory from West Coast distribution centers to other DCs farther east. appears to be edging out Chicago for first place.

This Week in Logistics News (October 6-10, 2014)

Talking Logistics

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.

How Peapod drives supply chain innovation and efficiency with analytics

AIMMS

Peapod has a large number of what we call warerooms – small fulfillment locations attached to Ahold Delhaize grocery stores that are used to serve online grocery customers, while also leveraging the store’s inventory. An interview with Daniël van Gool at Peapod.

Not the Jetsons: 10 Use Cases for Cognitive Learning in Supply Chain

Supply Chain Shaman

For example, moving rail through Chicago in the winter is not the same as the summer. The dynamic nature of inventory to order matching is difficult. Remember the Jetsons?

Reshoring Or Not, What is Manufacturing? 4 Questions to Ponder with Real American Manufacturers

Cerasis

I’m fortunate to have been employed at some “World Class” manufacturing and assembly companies: • Schwinn Bicycle Company : Chicago, IL: Schwinn manufactured their frames, forks, and small parts for their bicycles, but was mainly an assembly operation.

Throwing Down the Gauntlet

Supply Chain Shaman

Tonight, I am stranded in a hotel in Chicago. The Chicago airport is closed for the night. However, no company in this chart is on a linear path towards improving both margin and inventory turns.

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

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.

Building the Network of Networks

Supply Chain Shaman

90% of companies are unable to drive improvement at the intersection of inventory management, operating margin and customer service.). July 16th in North America (current thinking is Charlotte or Chicago. Today, I am facilitating a share group.

UPS Executive Shares Insights on Total Cost of Ownership in the Electronics Supply Chain

Supply Chain View from the Field

Particularly on new product introductions, we needed to be very careful on being able to deploy a product roll-out simultaneously across the entire country, in California, New York Chicago, etc. BRIC Supply Chain Global Distribution Global Supply Chain Inventory Management Retail Logistics Strategic Cost Management Supply Chain Management Supply Chain Strategy Supply Chain Systems

How Can I Move Forward if I Cannot Align?

Supply Chain Shaman

Focus the organization on understanding the “probability and patterns of demand” and how to design push/pull decoupling points, supplier networks and inventory buffers to improve agility (focusing on form and function of inventory in the supply chain).

The CFO and the Supply Chain

Logility

In speaking with many CFOs, one of the greatest risk to their businesses is inventory. This April I have the pleasure of joining Jean Nelson, CFO of Haggar Clothing, on stage at SCOPE Spring in Chicago to discuss this topic.

Little-known Christmas Story

Kinaxis

Their job is now to help these contract manufacturers maintain the correct inventory levels throughout the complex distribution network. by Jennifer Bell As pointed out by Alexa , Santa does operate one of the most complex supply chains ever imagined.

How Is Your Supply Chain Chutzpah?

Supply Chain Shaman

So, as I sit in this uncomfortable seat, fighting sleep, winging my way to Chicago, I am asking myself a simple set of questions. Sometimes, in this process, they have cut muscle, not just fat, limiting the potential of the supply chain to balance costs, inventory cycles and complexity.

Reflections on Hard Hats and Safety Shoes…

Supply Chain Shaman

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 like the thought of having a bearing printed in Boone, WV instead of being stocked in Chicago and then flown into Charleston, WV to then be driven to the coal mining site.

This Week in Logistics News (October 8-12, 2018)

Talking Logistics

I have to go to the grocery store again today to replenish our inventory (yeah, I don’t shop for groceries online; as the son of a bodegero, I’m old fashioned that way.). The VP of Supply Chain and Logistics at our house (aka my wife) has been out of the country this week.

3 Uses of IoT Tech Spurring Sustainability in Supply Chains

Cerasis

Tire giant Pirelli has attached sensors to its inventory that allow it to see where its tires are located and get an accurate idea of how many and what kinds of new units need to be produced. Spencer Larson is a writer and researcher based in Chicago, IL.

LeanCor Executives to Present at CSCMP Conference

LeanCor

When it comes to operational excellence, benefits include increased supplier fill rate and supplier performance, supply chain visibility and improved measurement systems, and increased inventory velocity and inventory reduction.