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Inventory Control in Manufacturing: 7 Strategies to Maximize Service Levels and Profit Amid Disruption

ToolsGroup

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

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The VF Corporation Invested in Supply Chain Agility Before COVID Made “Agility” the New Buzzword

Logistics Viewpoints

Mr. Bailey has worked most of his career at VF – as an industrial engineer in facilities, in strategic sourcing, running offshore operations, and now as the person in charge of the company’s entire supply chain. Its best-known brands are Vans , Timberland , The North Face , and Dickies. Achieving Agility with Regional Supply Chains.

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Retailers receiving inventories any which way they can

Cathy Roberson

Despite supply chain costs increasing and available capacity almost a rarity, retailers are undertaking a variety of ways to make sure they receive their inventory in time for the ever-important holiday season. “We feel good about the composition of our inventory. It's been difficult to plan inventory flow with much precision.

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Trends 2023: Supply Chain

Enterra Insights

Decoupling from China. He explains, “When the US agreed to a free trade agreement with China in 1999, the theory was that as more and more Chinese entered the middle class, China would become more democratic. ” Other experts have noted that decoupling from China won’t be easy. Inventory Confusion.

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This Week in Logistics News (January 29 – February 4)

Logistics Viewpoints

US crackdown on forced China labor risks supply chain snarls. Sam’s Club rolling out inventory accessory for cleaning robots. To import products from the region, companies will have to document that they aren’t sourced from forced labor. FedEx partners with HBCUs to increase the pipeline of Black supply chain professionals.

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How Pure Storage Withstood the Pandemic

Logistics Viewpoints

To support this level of responsiveness Pure Storage has more than 200 depots around the world that carry field service inventory. And when it looked like a lock down might be imminent, they rushed even more inventory in. Dual sourcing has also helped with partner responsiveness. There are also monthly executive review meetings.

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Businesses Responding to High Inflation and Supply Chain Inventory Concerns

Supply Chain Matters

This survey of a reported 750 CEO’s and other C-Suite executives was conducted in May 2022, among executives based in North America , Latin America , Asia and Europe. Inventory Management Assessment- Samsung Electronics. Samsung ’s inventory balances reportedly reached the equivalent of $36.9 cyberattacks.