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Improving inventory management

EFT

What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. There is a lot of desire for enterprises to become extremely granular in their visibility data collection.

5 ways ERP improves inventory visibility in your supply chain

OptiProERP

Inventory visibility is one of the critical aspects of any manufacturing business. It helps organizations understand how much inventory is available, at what location , and at any given point of time. To ensure inventory visibility, you should have access to view, manage, and update your inventory status from trusted software. What Improved Inventory Visibility does. Inventory ties up money. How ERP Improves Inventory Visibility.

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COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

Until the Coronavirus began wreaking its havoc, global companies could run their supply chains on the assumption that disruptions would be rare and short-lived, and that products should be sourced, produced, and distributed at the cheapest locations to be found, wherever in the world that may be. The pandemic, however, has exposed the risk, like never before, of concentrating sources in one location—especially when it’s far away from a company’s headquarters and markets.

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Digital Transformation of Supply Chain Planning at SKF

ToolsGroup

Jörg Schlager describing SKF's Integrated Planning (Source: Optilon). Digital transformation ” is tough for any firm, but when you are $9 billion industrial manufacturer, it is a sizable undertaking. At last week’s TG18 ToolsGroup user event , global bearing manufacturer SKF laid out an impressive review of their transformation to “ Integrated Planning ”. It managed local inventories fed by regional warehouses and factory warehouses (See Figure 1 below).

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. Today, SCM systems are critical to businesses of all sizes and in all industries for managing their day to day operations.

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Six Must Have Supply Chain Capabilities for Success in the Food and Beverage Industry

Logility

Today, we continue this conversation and look at six must have capabilities that drive supply chain improvement for F&B manufacturers. The food & beverage industry faces a lengthy list of unique challenges from long raw material lead-times and volatile commodity pricing to safety and quality requirements combined with high demand uncertainty, frequent new product introductions, perishability and complex manufacturing constraints. Advanced Inventory Management.

Process Chemicals – A Complex Supply Chain in Motion

Logility

On a recent road trip to retrieve my daughter from college I drove past a handful for chemical manufacturing plants of various types. Viewing a chemical manufacturing plant from a distance everything seems so peaceful and static. Chemical manufacturing plants can take years to build and once operational produce continuously to maximize the output of refined materials at the lowest possible cost. An estimated, 75% of supply chain data originates from outside the ERP system.

Solving the Supply Chain Planning Puzzle

Logility

Back to reality, today’s manufacturers face a long list of difficult supply chain challenges including increasing demand variability, inventory proliferation, manufacturing capacity constraints, increasing risks both nature and human based, more environmental compliance regulations, intense global competition, increasing customer expectations and a shortage of talent. An estimated, 75% of available supply chain data originates from outside the ERP system.

Process Chemicals — A Complex Supply Chain in Motion

Logility

On a recent road trip to retrieve my daughter from college I drove past a handful for chemical manufacturing plants of various types. Viewing a chemical manufacturing plant from a distance everything seems so peaceful and static. Chemical manufacturing plants can take years to build and once operational produce continuously to maximize the output of refined materials at the lowest possible cost. An estimated, 75% of supply chain data originates from outside the ERP system.

Point-of-Sale Data Use Cases Fuel Effective Trade Promotion Execution

Supply Chain Insights

Point-of-Sale data has become one of, if not the most important factor determining the success of a trade channel promotion. The global big data initiative was catapulted off the flight deck and the mission of shopper reconnaissance was executed in earnest. The digital transformation we are neck-high in now is just beginning; but it has already brought us significant breakthroughs in data acquisition and management as well as near and real-time consumer intelligence.

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Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The change in front of us will transform the base-level definitions of source, make and deliver. As a result, to fulfill customer-centric and demand-driven strategies, companies need to build outside-in processes using market and channel data to sense, shape and drive a more intelligent response. The architectures for the rules that we have today–Available to Promise, Allocation, Inventory Matching, Deductions, Hands-free Orders– are inadequate.

Is your supply chain planning ready for the “Experience Economy”?

ToolsGroup

They vastly improve predictive capabilities by deriving insights from huge and diverse data sources including social feeds , weather forecasts and peer reviews. We have worked with manufacturers such as Aston Martin , Danone , Granarolo and Lennox Industries who enhanced their supply chain planning with machine learning to achieve dramatic improvements. Click below for a podcast with ideas on how to start leveraging AI for demand management and supply chain planning.

Supply Chain Management – A 2012 Priority

Logility

” While the economic climate may be uncertain, many companies realize they have to invest in areas such as supply chain management software to be competitive and profitably grow. This is just below the top two areas Data Management Strategy (approx. 55%) and Business Process Management (approx. At Logility we see three primary drivers – Sales and Operations Planning (S&OP), Multi-Echelon Inventory Optimization (MEIO) and Optimized Supply Planning.

Supply Chain 4.0: The Supply Chain of the Future

Enterra Insights

“Although the world of industry and manufacturing is in the midst of a digital revolution,” they write, “the supply chain sphere is lagging behind. In supply chain management, it was all anyone could talk about. ”[2] He adds, “The Holy Grail of supply chain management is to, as efficiently as possible, exactly match supply to real demand wherever it occurs. ” But digital transformation requires more than simply gathering and analyzing data.

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Five Trends That Excite Me!

Supply Chain Shaman

EDI is too cumbersome, and SAP Ariba’s focus, despite the marketing hype, is primarily on managing indirect spending. (My Suitable and instrumental for contract management and supply chain finance? Could we use Open Source Hadoop to process transactions across all networks with powerful in-memory processing? Master data management and standards are the bane of B2B connectivity. Data today does not move at the speed of business. Holiday travel.

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Collaboration and Visibility in the Supply Chain

Oracle SCM

One of the Supply Chain Management trends apparent at the Gartner Supply Chain Executive Conference in May was highlighted by several vendor/customer presentations focused on the value of Collaboration and Visibility projects. This was a relatively heavy investment in time and resources when we had our startup due largely to the investment in data gathering and integration. See Oracle’s PaaS for SaaS data integration cloud for more information. Tom McDonough , Sr.

Your Trade War Survival Secret: Sales and Operations Planning – Part 2

DynaSys

When we left our account of mid-market manufacturer Superior Thermodynamics (ST), the company was weathering a tremendous escalation of the US-China trade war and faced the following questions: . In the end, ST still managed to exceed its profit goals and achieve revenue objectives adjusted for new market realities. Scenario planning at this level, like all aspects of supply chain planning, requires an exponentially growing volume of data from an expanding range of sources.

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Global Trends In Digital Supply Chain - 2019 Review

Abivin

The landscape of supply chain management is under evolvement as it is the answer to recent development in this industry. Source ) Even though Warehouse Management System (WMS) has been playing a crucial part in supply chain management, the emergence of autonomous mobile robots in optimizing picking process has become increasingly competitive. Source ) Furthermore, the AI technology can store data, analyze the patterns and predict future operation scenario.

Robust and continuously updated Master Data: A key ingredient for successful supply chain digital transformation

o9 Solutions

Many companies struggle to have one comprehensive view on all of their capacities, constraints, inventory and alternatives across the network. The most common answer to that question is “data”. In Gartner’s “ Future of Supply Chain, Reshaping the Profession ” report, one of the key roadblocks to embarking on a digital transformation is the access to reliable and good data. First and foremost, nearly all organizations are data rich, but lack insights.

E2open’s Supply Chain Workflows to Power Billions of Connected Mobile Devices

E2open

Continued Platform Expansion Includes Mobile Enhancements with Order Management, Improved Demand Workflows and New Demand Planning and Collaborative Manufacturing Improvements. As supply chain and business management continues to rely on anytime, anywhere support to engage with global business, it is essential to have the best mobile supply chain experience. Collaborative Manufacturing. Supply Management. Data Exchange.

Global Trends In Digital Supply Chain - 2019 Review

Abivin

The landscape of supply chain management is under evolvement as it is the answer to recent development in this industry. AMRs operate for warehouse tasks, including inventory replenishment, cycle counting, and item verification. Source) The emergence of autonomous mobile robots in optimizing picking process has placed a question for many Logistics managers about the competition between AMR and Warehouse Management System (WMS).

This Week in Logistics News (April 11-15, 2016)

Talking Logistics

May their memory continue to be a source of strength and comfort to their families and friends and us all. If you’re not familiar with SOLAS, check out the two guest commentaries we have published on the topic in recent months: Don’t Get Caught Off-Guard: Preparing for July 2016 SOLAS Shipper Mandates and The Impact of SOLAS on Ocean Shipping and Data Management.

Digital Transformation in Trade Promotion: What Must Change?

Supply Chain Insights

Our survey on Revenue and Trade Promotion Management is closing soon; and we will have some pretty strong research to pass along on this topic; but you and I both know it is going to tell us that nearly half of the trade promotions continue to produce less than planned ROI. Predicting the success of trade promotion is what this rush to promotion optimization is all about; but, it’s more about the quality and quantity of the data.

ASML considers risks down to ten tiers deep

Supply Chain Movement

Profile of Harold Bol, Director of Supply Chain Planning & Configuration Management, ASML. The semi-conductor industry is strongly affected by the state of the economy, but 2014 was an excellent year for ASML, manufacturer of systems used to produce integrated circuits or ‘chips’. 60 service points in 16 countries support the installation and supply of chip manufacturing systems and parts. There is a single, integral plan to manage the entire chain.

Dreaming of Clouds, Lakes and Streams

Supply Chain Shaman

Yesterday, I spoke at the Eye for Transport conference on the Big Data opportunity in supply chain. I hate the term Big Data. Nine out of ten companies are not making progress at the intersection of inventory turns and operating margins. So, in summary, today, we don’t have a big data problem. Instead, and more exciting, I believe that we have a big data OPPORTUNITY! It is not driven by data volumes. They can see daily channel data daily by item.

50 expert tips on supply chain management

6 River Systems

“In the past, most disruptions were limited to a single supply chain,” explains Dr. Asoo Vakharia, McClatchy Professor and Director of the Supply Chain Management Center at the Warrington College of Business. As many states have started the process of reopening their economies, supply chain managers are faced with rethinking their supply chain networks. ” — Understanding risk management in the supply chain , Deloitte; Twitter: @DeloitteUS 4.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. Will interest rates continue to climb in 2016, and if so, what impact will it have on inventory levels? Guess Who Announced New Transportation Management Software (TMS) Functionality Yesterday.

Supply chain software demands continual attention

Supply Chain Movement

The ‘systems of differentiation’ comprise solutions which give companies a competitive edge in their markets, such as forecasting, planning or advanced warehouse management. The food and drinks manufacturer and owner of brands including Lay’s, Duyvis and Quaker has been using that ERP system since 1 November 2013. SAP has helped to harmonise the master data and processes in six factories and ten countries. The master data is now managed centrally, for example.

Corporate Risk and the Growing Case for Sustainable Chemical Management

UL EHS- Sustainability

With more than 70,000 chemicals currently in common use – and 1,000 new chemicals coming into use every year – maintaining and managing their effective, appropriate and responsible use is a challenging task. Cost, process, regulatory and safety issues converge to making chemical management a critical, complex and cumbersome activity. Similar to building a house, periodic chemical inventories will ensure there are no cracks in your foundation,” she says.

How to Get the Benefit of GDPR for Your Supply Chain

Logistics Bureau

The General Data Protection Regulation or GDPR is often seen as a constraint on enterprises, rather than an opportunity. For supply chains, higher efficiency, lower costs, and better customer relationship management are just some of the possibilities. The goal of the GDPR is to give people greater control over their personal data. However, personal data can be any data relating to an identified or identifiable person. Data portability. Data subject.

Supply Chain Management:A New Lens for Supply Chain Roadmaps

Infosys Supply Chain Management

Industrial Manufacturing. Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management.

The Past, Present, and Future of Technology in the Warehouse

Logistics Bureau

Today’s warehouses need fewer operatives and hence, fewer line managers, because certain labour-reducing technologies have either made labour more efficient or eliminated it altogether. Warehouse management systems have advanced considerably in the last couple of decades. For example: Paperwork and data entry: WMS has reduced the need for people to spend time completing paper forms or entering data from documents into spreadsheets and other data-management applications.

New online insight hub revealed to increase intelligence resources for supply chain decision makers

EFT

Wherever you are involved in the supply chain ecosystem; as a manufacturing, retailer, logistics or tech solution provider, we can now house a far greater library of content than has previously been possible. In this light, words such as supply chain risk management, sustainability, collaboration, resilience, agility and visibility have been used consistently over recent times – and now more than ever.

What is Product Information Management (PIM)

Vinculum

In a cut-throat competition where profit maximization, larger customer base, and bigger market share are basic needs to perform, decision making through business data at all product buying stages has become essential. Hence, the value of a product information management (PIM) software program streamlines the route of eCommerce data aggregating, publishing, and optimizing conveniently. What is Product Information Management (PIM)?

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How to get more from an EAM Implementation - Infosys Blogs

Infosys Supply Chain Management

Industrial Manufacturing. Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management.