Navigating inventory through the eye of the COVID storm

EFT

According to several executives on the roundtable, failing to have inventory in the right place at the right time can have a massive impact on company performance, as sales are not realised when product cannot meet local demand.

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Machine Learning and the Business of Tomorrow

Enterra Insights

Louis Columbus ( @LouisColumbus ) explains, “Enterprises are striving to find greater meaning in the massive amounts of data they generate and save every day. Columbus asserts, “Machine learning makes it possible to discover patterns in supply chain data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success, while constantly learning in the process.”[5]

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Manufacturers, Technology, and the Digital Age

Enterra Insights

Louis Columbus ( @LouisColumbus ), a Principal at IQMS, explains, “Going into 2020, manufacturers are at an inflection point in their adoption of analytics and business intelligence (BI). Columbus writes, “Cycle Time quantifies the amount of elapsed time from when an order is placed until the product is manufactured and entered into finished goods inventory. ” Columbus makes an important point about improving performance over time.

California Freight Heats Up, Spurred By Hanjin Collapse

DAT Solutions

Hanjin Shipping recently filed for bankruptcy , and a number of its ships pulled into port last week, after a lot of delays and uncertainty. Hanjin is the world’s seventh-largest commercial shipping company, and it’s struggling to find the money to unload its ships. Since two of the re-scheduled ships docked in the twin seaports of Los Angeles and Long Beach over the weekend of September 10-11, demand has surged for vans in the L.A.

It’s Turkey Time!

Kinaxis

Over forecasting the number of turkeys needed can result in waste, and thus unnecessary costs, when it comes to birds shipped fresh and not frozen. They can be held in inventory until the second biggest holiday for these big birds – Christmas, which is only a couple of months away. Speaking of spoilage, that brings us to stop number two – shipping. Forget Columbus Day this year and come celebrate Thanksgiving with us instead!

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Retail Industry Leaders Discuss the Value of Assortment Planning – Part I

Supply Chain Nation

Jon Beck, CEO, Columbus Consulting. But you can’t afford to carry a lot of inventory in the stores. So we have to assort to the local customer and look at how we leverage inventory across the enterprise. We have started shipping from stores to give the customer next-day delivery of anything she sees across our enterprise.

What to Do Now Before the Panama Canal Expands

CH Robinson Transportfolio

Shippers in Columbus, OH, will be in the battleground region of the United States, with ports on the East and West Coasts vying for their business. If costs were all that mattered, these shippers would route their products through the expanded Panama Canal to reach Columbus via rail from the New York-New Jersey port. First, more inventory would be in transit at any given time. The Panama Canal expands in 2016. What will it mean for U.S. logistics?

5 Future Applications of the Industrial Internet of Things in Manufacturing & Logistics

Cerasis

Additionally, overall maintenance costs have dropped by 30 percent, and predictive maintenance has reduced machine-specific failures by 70 percent, reports Louis Columbus of Forbes magazine. 27 percent of those expect the most significant changes from the Industrial Internet of Things will revolve around shipping, logistics, and transportation processes.

Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

”[4] Some of the benefits provided by predictive analytics include: Inventory management : Griffith notes predictive analytics provide store owners “a sixth sense” when it comes to ensuring shelves are stocks, prices are updated, and when products may have to be ordered in bulk from vendors. Myers adds, “Retailers and distributors can prepare months in advance to help their suppliers plan to inventory and shipments based on customer demand and buying behavior.”

New Panama Canal Options: Running the Numbers with a TMS

TMC

These enterprises are no longer reliant on the Suez Canal route for shipping freight on Post-Panamax container vessels to the United States. As described in my previous blog post , the enlarged Panama Canal can handle container ships up to 13,000 TEUs in size. Cargo can enter the country via East coast or West coast ports depending on variables such as the type of product being shipped. If high-value items are being shipped, it’s important to minimize inventory levels.

Supply Chain Optimization 101: How to Best Harness the Power of Big Data

AFFLINK

Writing for Forbes, big data expert Louis Columbus notes that more than 60% of supply chain executives view big data as “a disruptive and important technology, setting the foundation for long-term change management in their organizations.” Supply chain optimization professionals also leverage big data’s real-time capabilities, removing the guesswork from shipping and receiving by allowing managers to observe every step of the process instantly.

Planning and managing the critical aspects of a full merchandising season

RELEX Solutions

You can set exceptions for items as you track them to ensure they’re ordered, shipped, landed, warehoused and shelved on time. Automated replenishment can then handle ongoing inventory transfers to stores and, eventually, ramp-downs. Partner, Columbus Consulting. Author: Charlotte Kula-Przezwanski, Partner at Columbus Consulting. The Pareto principle informs a lot of our work at Columbus Consulting International (CCI). Partner, Columbus Consulting.

6 Recent Trends in Manufacturing Technology to Increase Agile Responsiveness, Continuous Improvement & Customization

Cerasis

Thus, more companies will be able to lower prices through lowering the cost of manufacturing, shipping and repair or replacements. Customization Will Replace Traditional Inventory Management. According to the Global Dispatch, traditional inventory management operations will change in 2017. Inventory management will become more reliant on advanced computer analytics systems to manage inventory in real time. reports Louis Columbus of Supply Chain 24/7.

Cargo Ship Woes Still Affecting Spot Market Rates

DAT Solutions

The bankruptcy of the world's 7th largest container carrier, Hanjin Shipping , has led to shippers re-adjusting inventories in the past couple of weeks in order to avoid stock-outs as we head into retail season. Columbus is a hub for retail distribution centers, and lane rates last week for L.A. to Columbus were also the highest they’ve been in a year, at $1.59/mile.