GlobalTranz

FEBRUARY 2, 2015

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story. We never ran out of or had too much inventory.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

Synovos

AUGUST 21, 2023

The program recognizes the winners’ commitment to continuous improvement in the prevention of accidents at work while examining health and safety management systems, including practices such as leadership and workforce involvement. “RS Our goal is to enable everyone to live their lives to the fullest, and safely.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Optimal Sourcing Procurement Solutions 52

ToolsGroup

MAY 24, 2016

That’s necessary for continuous improvement and operational excellence. This type of segmentation lets you group customers by similar drivers and trade-offs, like price, lead time and lot size. This approach of focusing on the customer for supply chain segmentation can also be applied to inventory segmentation.

Supply Chain Segmentation 159

Supply Chain Segmentation Optimal Sourcing Gartner Supply Chain Optimization 159

Supply Chain Shaman

MARCH 28, 2016

For many companies, improving results is elusive. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

A culture of continuous improvement is one which help foster trust and partnership. About the LCSMS Shippers' Council Logistics Excellence Through Collaboration The LSCMS Shippers Council is a very active group of major Shippers. This group is not just a “talk shop session” but one where the focus is on achieving outcomes.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

APRIL 16, 2014

On the 2nd of April, I sat before a board discussing how a company could exceed expectations in the delivery of Return on Invested Capital (ROIC) and superior operating margins and fail at the delivery of customer service and inventory. Before the session, ask a small group to chart your progress on the Effective Frontier using orbit charts.

Supply Chain Design Software 280

Supply Chain Design Software Agile and Lean Supply Chain Modeling Supply Chain Planning Software 280

Supply Chain Shaman

JUNE 15, 2018

My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies. We find that when companies improve the portfolio, there is a positive correlation to market capitalization. For this story, I have grouped like competitors together.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

Supply Chain Shaman

FEBRUARY 12, 2017

For the past four years, as we have done our work, we have tracked Novo Nordisk’s continued improvement against the pharmaceutical peer group. Note that neither company is making progress at the intersection of operating margin and inventory turns. Building talent in the global market is a continued challenge.

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150

ToolsGroup

SEPTEMBER 22, 2021

Over time, I’ve been fortunate to work in groups where both men and women were well represented, and I’ve had excellent leaders who championed my career by giving me the freedom to chart my own path. Now the pace of change continues to accelerate as consumer behavior changes and e-commerce comes to the forefront.

Supply Chain Planning Software 177

Supply Chain Planning Software Gartner Supply Chain Software Agile and Lean Supply Chain 177

BlueYonder

MAY 5, 2023

To ensure we have the right inventory in the right ZIP code, we’ve invested in artificial intelligence-driven forecasting. Andy Kettlewell, Group VP, Inventory and Analytics, Walgreens 6. We needed a global partner who was agile to match the speed and scale and the desire to continually improve.

Material Savings 86

Material Savings Supply and Demand Supply Chain Software Demand Planning Software 86

RELEX Solutions

SEPTEMBER 10, 2018

a pharmaceutical products wholesaler which supplies 1900 pharmacies across Northern Italy and Sardinia, has implemented and fully rolled out RELEX’s system to improve the pharmacies’ inventory turnover and further increase the level of service they offer their customers. Unifarm S.p.A., More information: www.unifarm.it.

Pharmaceutical 28

Pharmaceutical Groups Forecasting Software Procurement Solutions 28

Supply Chain Shaman

NOVEMBER 1, 2015

Last week, I spoke on the evolution of the digital supply chains and my vision for Supply Chain 2020 at the World Trade Group Event in Miami. The issue is that costs need to be continually balanced with customer service, and inventory programs against a business strategy. Figure 3: Continuous Improvement Programs.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 150

Logistics Viewpoints

APRIL 4, 2022

For some customers, they manage the inventory using a vendor managed inventory program. In some case they manage inventory at the customer’s site. “We First, the supply chain group truly needs to understand buying behaviors and key attributes of their customers. The company has over 300,000 products.

Supply Chain Transformation 194

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 194

Supply Chain Matters

JUNE 15, 2023

Our Skowhegan factory expansion ensures their skilled craftsmanship and dedication to continuous improvement will help us meet our significant U.S. Bob Ferrari © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. and global consumer demand and drive future business growth.”

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Sourcing Strategies Manufacturing 52

Herlitz Inventory Management

JANUARY 19, 2022

The company has trusted Herlitz Inventory Management and the powerful features in HIMPACT to optimize and stabilize the service levels and improve inventory turns. Imperial Distributors conducts four seasonal shows per year, with similar inventory requirements for each. Major Time Savings with Automated Uploads.

Optimal Sourcing 52

Optimal Sourcing Forecasting Forecasting Software Inventory Management Software 52

Talking Logistics

NOVEMBER 19, 2014

Smarter means taking a truly holistic perspective across the supply chain, across functional groups and trading partners, and across strategic, tactical, and operational planning horizons. This lead to high inventory carrying costs at some stores and out-of-stocks at others. So, what’s been the problem? A key constraint has been speed.

Case Study 176

Case Study Optimal Sourcing Study Supply Chain Planning Software 176

RFgen

APRIL 18, 2023

Overhead swells in direct proportion to misships, adding greater expense for return shipping fees, overnight and same-day ordering, wasted inventory, chargebacks , wages, and loss of customers. Track metrics like inventory accuracy, order accuracy, mispicks, and misship rates. Strive for continuous improvement.

Optimization Software 52

Optimization Software Supply Chain Planning Software Inventory Management Software Supply Chain Software 52

Kinaxis

MAY 13, 2015

In this webcast, Bryan Ball, Aberdeen Group, and Benji Green, Avaya, discuss the circumstances and challenges Avaya faced on their four-year journey, the catalysts for transformational change, and the dramatic results they were able to achieve. VP and Group Director, Supply Chain and Operations. Aberdeen Group. No problem.

Supply Chain Transformation 100

Supply Chain Transformation Supply and Demand Supply Chain Planning Software Supply Chain Design Software 100

Unleashed

JANUARY 31, 2023

Ideal product flow efficiency is achieved by optimising inventory control , minimising supply chain interruptions, and eliminating downtime. Establish a Just-in-Time strategy To reduce inventory wastage, a pull system – also known as a just-in-time (JIT) strategy – is introduced. Goods can be produced in greater quantities, faster.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 98

Supply Chain Shaman

AUGUST 11, 2014

We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement. We think that it requires a focus on both total performance and measured supply chain improvement.

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

Supply Chain Shaman

JULY 5, 2016

Both Kimberly-Clark and P&G are going backwards on operating margin while making progress on inventory turns. P&G’s rate of improvement on the Metrics That Matter was lower than the peer group. Performance of the Household Products Peer Group. billion in inventory charges in April 2001. Reflections.

Supply Chain Planning Software 150

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Industrial 150

Supply Chain Shaman

JANUARY 31, 2013

While companies have increased Revenue per Employee across the healthcare value chain, the Days of Inventory have increased for suppliers, and there is a shift in power to the healthcare provider. I also see that we are not decreasing the total inventory levels in the network or accelerating time to value. Progress is stalled.

Turkey 229

Turkey Supply Chain Planning Software Supply Chain Planning Inventory Reduction 229

Talking Logistics

NOVEMBER 15, 2016

Freight Audit may not be the sexiest aspect of transportation management, but that doesn’t mean it doesn’t play a critical role in helping companies effectively manage and control their transportation spend, as well as provide valuable insight to drive continuous improvement. What are those value levers?

Freight 0

Freight Analytics Software Procurement Analytics Sourcing Strategies 0

Enterra Insights

APRIL 21, 2021

Analysts from the Boston Consulting Group (BCG) explain the first three revolutions were driven by steam, electricity, and automation. They include: Inventory Optimization. Eswara writes, “Inventory management in the supply chain is a key area where OEMs can leverage AI to achieve efficiencies in the supply chain network.

Analytics Software 130

Analytics Software Big Data Predictive Analytics Price Reduction 130

Logility

MARCH 29, 2017

An improvement in forecast accuracy can have a significant impact on the bottom line by reducing inventory buffers, obsolete products, expedited shipments, DC space required and other non-value added work. At the same time we see higher customer fill rates, improved customer satisfaction, and increased revenue and margins.

Forecasting 100

Forecasting Forecasting Software Supply Chain Planning Software Agile and Lean Supply Chain 100

USC Consulting Group

AUGUST 17, 2021

As more and more critical inventory didn’t arrive when manufacturers across many types of industries needed it, it created alarming shortages and delays. Inventory problems come in the form of having too much stock on hand. Just-In-Time, or Lean manufacturing, took a hit during COVID, there’s no debate about that.

Just-in-Time 96

Just-in-Time Modeling Modeling Software Optimization Modeling 96

Supply Chain Shaman

OCTOBER 1, 2013

As I work with companies, I often contrast the strategies, approaches and outcomes within a peer group. Over the last five years, I have helped two companies, Sonoco Products and Owens Illinois (OI) with their selection of technologies to improve Sales and Operations (S&OP) planning. So, what can we learn?

Illinois 252

Illinois Waste Reduction Supply Chain Planning Software S&OP 252

Supply Chain Shaman

JANUARY 19, 2014

Despite multimillion dollar technology projects, and tomes of strategy documents, they are stuck in their ability to overcome market factors and rising complexity to drive continuous improvement on a portfolio of metrics. I loved the rich discussion with the group of ten. They quickly acknowledge that they are stuck.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278

Supply Chain Matters

APRIL 28, 2023

The focus often turns to improvements in working capital efficiencies, inventory and capacity management in addition to more efficient asset management. The key to improvements is often associated with consistent, timely and actionable determination of constraints and in the weighting of operating policy decisions.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

Supply Chain Shaman

AUGUST 14, 2016

Most of the concepts were new to the team; and while the group had discussed many of the ideas at a high level, they had not been able to take the conceptual ideas into implementation. I asked the group to think of demand-driven concepts as the enabler of customer-centric strategies. This requires modeling and continued refinement.

Material Savings 185

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 185

Unleashed

FEBRUARY 26, 2024

Warehouse inventory management is a sometimes complicated, always-vital process for managing a company’s physical goods. With the right approach, effective warehouse inventory management will help you increase productivity and profitability while keeping customers loyal and happy. What is warehouse inventory management?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Supply Chain Game Changer

JANUARY 19, 2022

Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. The supply chain is a significant part of your overall business strategy and inventory management. There are two ways to improve your distribution network, and these are: Holistic Approach. Cluster Approach.

Vendor Strategies 109

Vendor Strategies Inventory Reduction Cost Reduction Strategies Resource Reduction 109

Unleashed

OCTOBER 4, 2023

Some of the main steps involved in the order fulfilment process include: Inventory management Picking and packing Tracking and communication Shipping and delivery Customer service Returns management Fulfilment costs can represent up to 30% of an eCommerce company’s total operating expenses. It also ensures that resources are used efficiently.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Logility

APRIL 8, 2014

Sean Willems delivered a master class on why optimized inventory policies are crucial to profit-enhancing segmentation strategies that achieve differentiated service levels and maximum return on investment.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Optimization Supply Chain Planning Supply Chain Strategy 100

Supply Chain Shaman

JANUARY 31, 2017

Continuous Improvement Processes. Only 12% of public companies are making improvement during the period of 2009-2015 in both operating margin and inventory despite spending an average of 1.7% Nine of the fourteen industry groups improved operating margin while thirteen of the fourteen industries improved revenue/employee.

Cost Reduction Strategies 90

Cost Reduction Strategies Inventory Reduction Six Sigma Agile and Lean Supply Chain 90

USC Consulting Group

FEBRUARY 23, 2021

Manufacturers may want to consider cutting down the inventory in their global supply chains. Increase your inventory. Lean manufacturing and Just-in-Time (JIT) inventory principles have enabled manufacturers to significantly reduce operating expenses and increase profitability. That sounds about right to us.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Agile and Lean Supply Chain Supply Chain Software 52

Logistics Viewpoints

OCTOBER 16, 2023

Chris Cunnane, an expert on omnichannel commerce at the industry analyst firm ARC Advisory Group, says that “a consumer does not expect a similar experience across channels. One key problem is that the inventory accuracy in a store is often terrible. First, the DOM looks to see if the inventory is available in the warehouse.

Retail 228

Retail Inventory Reduction Omnichannel Shipping 228