Remove Chicago Remove Inventory Remove Manufacturing Remove Metrics
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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?

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2020 Requires Big Wings and Feet

Supply Chain Shaman

The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability.

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Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. 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.

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Throwing Down the Gauntlet

Supply Chain Shaman

“The idea of the value chain is based on the process view of organizations, the idea of seeing a manufacturing (or service) organisation as a system, made up of subsystems each with inputs, transformation processes and outputs. ” Institute for Manufacturing, 2013. __. Tonight, I am stranded in a hotel in Chicago.

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Redesign to Improve Value: A Case Study of a Supply Chain Leader

Supply Chain Shaman

I also think that Quintiq’s leadership in concurrent planning to solve new problems is promising, especially in the design of transportation and inventory flows. We produce there because the regulations say that you need to manufacture there to sell there. Service level is our most important metric. Go slow and be clear.

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How To Manage A Lean Supply Chain

ShipBob

During the first wave of the COVID-19 pandemic , ecommerce businesses quickly discovered that their supply chains were not agile enough to keep up with sudden spikes in demand or major delays from manufacturers, carriers, or even at ports. Reduce inventory waste. 6 tips for lean supply chain management.

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President Andrew Lynch On What We Must Do To Create Nationally Secure And Resilient Supply Chains

Zipline Logistics

So, what must manufacturers and policymakers do to ensure that we have secure and resilient supply chains? I moved to Chicago to work for the world’s largest 3PL and quickly fell in love with the constant opportunity to solve problems. However, this model does not allow brands to be in control over production or inventory management.