How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

Supply chain leaders must be ready to implement big data and leverage it to improve their companies without any delay or inhibition This may sound impossible and frightening, but they must only understand how big always goes back to these two, simple principles of measurement, review, and action.

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

Cerasis

and the push toward green, sustainable alternatives to traditional manufacturing will continue to dominate the market, asserts Stuart Hall of Global Manufacturing, Green initiatives are more than just a political ideal. Customization Will Replace Traditional Inventory Management.

6 Benefits of Applying Useable Data in Logistics For Continuous Improvement

Cerasis

We continue our series on strategic shipping by going into detail of the 10 main areas that shippers can turn to in order to have a strategic logistics and transportation management mindset. Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . Data can help you improve your transportation processes when applied correctly.

Lean Logistics and Material Flow: The Importance of Continuous Improvement

LeanCor

Lean logistics aims to reduce inventory levels and create flow within supply chain networks. For supply chains looking to obtain one-piece flow lean logistics processes must be in alignment with purchasing and inventory strategies among other processes within a firm or supply chain network.

E-Commerce Continues to Add Focus on Omnichannel Supply Chain Strategies: Projections for 2018 Demand Continuous Improvement

Cerasis

Demand for E-Commerce and Integration of Supply Chains Will Continue to Dominate 2018 As explained by Derek O’Carroll of Multichannel Merchant , some driving forces behind the demand for omnichannel supply chains include: The creation of social storefronts.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

Our goal is to build a guiding coalition to think differently to improve outcomes. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value).

The Best Time to Kick Off a Continuous Improvement Initiative

synchrono

Prosperity is perhaps one of the greatest obstacles to continuous improvement in manufacturing. When things are going well, we don’t feel the need to make improvements quite as keenly. There really is no better time to make improvements than when things are going well.

Lean Inventory: Using Lean Initiatives To Manage Inventory

Cerasis

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. What is Lean Inventory Management? Attributes of Lean Inventory Management.

Lean 342

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. The impact of complexity on inventory is not quick. Inventory management is a hot issue. I remember the plane ride well.

E-Commerce Continues to Add Focus on Omnichannel Supply Chain Strategies: Projections for 2018 Demand Continuous Improvement

Veridian Solutions

Demand for E-Commerce and Integration of Supply Chains Will Continue to Dominate 2018 As explained by Derek O’Carroll of Multichannel Merchant , some driving forces behind the demand for omnichannel supply chains include: The creation of social storefronts. The easiest way to move toward an omnichannel strategy lies in following these tips: Re-evaluate inventory-optimization techniques and systems.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.

Uncork Manufacturing Bottlenecks for Optimized Production

USC Consulting Group

Traffic would be an apt metaphor, as bottlenecks on the road and those in a manufacturing plant are both concerned with throughput and achieving continuous flow. “One common indicator of a bottleneck is inventory overabundance.”

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.

Continuous Improvement Training: The Current State of Mind

LeanCor

As a team member in our organization focused on the training and development of our operations team members, I have had the opportunity to lead several sessions focused on problem solving and continuous improvement training. We have to ask ourselves: “What are we improving upon?”

Smooth the rough spots with TOC, then Lean – and fine-tune with Six Sigma

synchrono

Here we are at the final installment of our four-part, Sandpaper blog series about when to use the tools of Lean Manufacturing, the Theory of Constraints (TOC) and Six Sigma to address constraints, drive flow and promote continuous improvement. What Grade of Sandpaper Will You Use?

Demand Driven Manufacturing in the Engineer-to-Order Space

synchrono

Aligning Lean Manufacturing and Continuous Improvement Practices. Synchronization of data improves processes, production flow and visibility. Engineering changes are typical and material is not purchased for inventory, but for a specific project.

Every Part Has a Purpose: Building Materials Manufacturing

USC Consulting Group

These businesses are poised to continue their successes into the new year, a comforting sign for U.S. home builders, especially those who intend to accelerate operations in 2019 to bridge the inventory gap , according to research from the National Association of Realtors.

3 Inventory Control Techniques to Improve and Maintain Inventory Accuracy

Unleashed

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Having poor and inaccurate inventory control can be costly because it causes issues such as unplanned stock-outs, the shipping of wrong products to customers, wasted resources trying to locate misplaced items and inventory shrinkage.

Using Lean to Manage Inventory!

Supply Chain Game Changer

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. What is Lean Inventory Management? Attributes of Lean Inventory Management.

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Demand-Driven Technologies Evolved

synchrono

When I first began instituting demand-driven practices in the late 90s, we were into creating pull, eliminating waste, and getting on a path of continuous improvement. By John Maher.

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

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.

Lean Manufacturing Driven by Rapid Return on eKanban Technology Investment

synchrono

Through the use of supplier quality certifications and blanket (long-term) purchase orders, a manufacturer can accurately and effectively calculate the optimal level of inventory needed to fulfill demand requirements through the duration of replenishment lead time. Eliminating inventory waste.

Lean 66

Removing the Two Barriers to Optimizing Inventory

Logility

Supply chain leaders often find themselves in a difficult situation when it comes to the conflicting goals of improving customer service and minimizing inventory. Companies that embrace Multi-echelon Inventory Optimization (MEIO) achieve, on average, a 28% increase in inventory turns.

Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. Controlling Inventory Flow Begins With Liquidate Nonessential Products. The first step to controlling inventory flow effectively is liquidation of all non-essential products, explains Paul Trujillo of Business2Community. Implement Continuous Review Systems for Reordering.

Top 5 Ways Inventory Tracking Technology Is Evolving

Cerasis

In fact, a recent survey of economic experts, reports Jeff Wacker of Retail TouchPoints, found up to 59 percent of retailers are making plans to invest in technology, which includes inventory tracking technology. Inventory Tracking Technology Leverages Internal and External Real-Time Data.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. The distributor maintains the inventory plan.

Inventory Management in Manufacturing Environment

LeanCor

Firms today are beginning to understand more and more that high levels of inventory aren’t just detrimental to costs but also for hiding other potential issues. The beginning stage of inventory management doesn’t begin at the dock door rather it begins with the supplier.

IoT Inspired Smart Warehouses Are Reinventing Inventory Management

Cerasis

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity. Precursor technology enables continuous improvement in warehouse management. Everything is connected to the internet, including consumer and industrial devices and systems.

Modern Metrics

synchrono

In the same way that marketing is leaning more on technology for decision-making data – and what to take action on to improve performance – more manufacturers are investing in technology to better serve their clients, elevate their competitive position and increase revenue.

Inventory Management Mistakes: What Supply Chain Leaders and Managers Need to Know

Veridian Solutions

Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net , the costliest problem is due in large part to poor inventory visibility and planning. Failure to understand inventory needs.

Creating an Actionable Plan for Unlocking Working Capital with Inventory Optimization

Arkieva

For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Hence, reducing the need for an excess in inventory.

Guest Blog: Real-world Advice for Getting Started on eKanban

synchrono

reduced inventory waste and carrying costs and more) asking people to change the way they work is also real. There is a real cost of carrying inventory and eliminating this cost frees up accessible cash that can be reinvested into the company. by Jim Shore.

The Ongoing Evolution of Inventory Control

Unleashed

Prior to the industrial revolution, inventory control was all but not existent. Or perhaps they wrote down all sales and deducted the transactions from the inventory quantities they presumed they had. Managers could then record inventory stock and sales data. The first version of the modern barcode was the next breakthrough in the evolution of inventory control. As technology improved, so did the availability of tools and software applications to help businesses.

Just-in-time in the Real World of Inventory Management

Unleashed

Just-in-time inventory (JIT) is the antithesis of just-in-case inventory and can be a valuable method of reducing waste and streamlining the supply chain. The benefits of JIT inventory are numerous, although they can only be realised with hard work to set up an intricate system involving many synchronised components. Kaizen first came about after World War Two and directly translated, it means improvement.

How Artificial Intelligence and Global Economic Factors Affect Inventory Optimization

ThroughPut

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management.

The Industrial Internet of Things (IIoT) and the Modern Marketer

synchrono

Manufacturing.net noted that 77% of manufacturers polled view improvements in services as a key competitive factor. Information that will improve workflow, pre-empt issues, lend focus to continuous improvement efforts and more?

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock.