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Editor’s Choice: 5 Supply Chain Management Success Factors for CPG Companies

Logistics Viewpoints

Today’s article comes from Erin Sun at Oracle and identifies five supply chain success factors CPG companies need to know for increased profitability. Following a path to progress A digital supply chain management platform allows CPG companies to unleash innovation and boost customer acquisition and retention.

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Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? At that point, each SKU will be taken to any convenient storage location in the warehouse.

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Inventory Strategies: Evaluating Constant Disruptions

Logility

Inventory strategies begin with an efficient network design to effectively balance your ability to accurately predict customer demand and work with suppliers to adjust orders in real time. Routine firefighting of inventory issues is a symptom of inventory strategies treated as a once-a-year exercise.

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Don’t Wait to Innovate: 3 Key Benefits of Causal Forecasting

Logility

Unfortunately, many companies hesitate to use causal forecasting, thinking it’s too complicated or resource-hungry. They’re stuck with inaccurate forecasts, ending up with too much or too little inventory, missed orders, and unsatisfied customers. Let’s consider a simple example—daily sales of ice cream.

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HWI Unleashes Continuous Innovation

Logistics Viewpoints

Stauffer spoke about the digital transformation the company is going through. They view their implementation of a tightly integrated suite of applications delivered in a public cloud infrastructure from Oracle as a platform on which they can build to help drive continuous innovation. HWI employed a crawl-walk-run methodology.

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How Technology is Helping Companies Move Goods and Do Good

Logistics Viewpoints

Autonomous mobile robots (AMRs), for example, can perform many tasks in warehouse or distribution center settings (including moving pallets, product picking and fulfillment) that are typically viewed as repetitive or non value-added, thereby freeing the workforce to perform other activities and ultimately increasing productivity.

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Congrats to the Winners of the Supply Chains to Admire 2023

Supply Chain Shaman

Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters. Most companies are not clear. An average margin of 21% with inventory turns of 1.58