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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.

How to Get a Job in the Supply Chain Sector

Logistics Bureau

Supply chain management is increasingly making an impact on the overall functioning of the business and influencing C-suite decisions. Supply chain management is increasingly becoming a clear path to the C-suite. Do you want to be managing people? Data Managers.

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Supply Chain and Logistics Predictions for 2016

Talking Logistics

more near-shoring and larger, less frequent shipments to minimize transportation costs). 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?

Planned Obsolescence in the Durable Goods Industry

Logility

To some extent durable goods manufacturers can predict aggregate demand based on the average useful life for their products. Of course people like me, who stretch the limits on the useful life of a product, tend to throw outliers into the data. percent in May as demand for transportation equipment fell 1.0 Disposable income can ebb and flow abruptly due to natural and man-made disruptions, leaving durable goods manufacturers scrambling to dispose of excess inventory.

5 Quick Solutions for Simplifying Supply Chains

Unleashed

With the rapid rise in our ability to collect information, data saturation is everywhere. Sure, data is king when it comes to helping forecast future demand and inventory stock needs but the ability to collect data is not always supported by the ability to filter and manage that data correctly. Any data collected and held needs to be relevant to the business. Business Tips inventory management supplier relationship suppliers supply chain

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

Talking Logistics

February 2016 Freight Transportation Services Index (TSI). 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. the Freight Transportation Services Index (TSI) fell 0.7

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.

SCM 96

Welcome 2019

Supply Chain Shaman

Bear markets drive heightened interest in supply chain management. Companies cannot save their way to supply chain excellence with cost-cutting and inventory management — customer back capabilities. SAP won the fight, but ERP failed to make the desired mark on driving value in supply chain management. The flawed vision by Gartner of ERP II (the use of ERP as the backbone for supply chain management) is dead. Machine learning will redefine master data management.

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

The late consultant, educator, and author, Peter Drucker, is often quoted as saying "you can't manage what you can't measure.” In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). ” Each functional area of the supply chain (purchasing, planning, distribution, manufacturing, customer service, etc.) For example, maximizing factory efficiency can lead to a surplus of inventory.

Planned Obsolescence in the Durable Goods Industry

Logility

To some extent durable goods manufacturers can predict aggregate demand based on the average useful life for their products. Of course people like me, who stretch the limits on the useful life of a product, tend to throw outliers into the data. percent in May as demand for transportation equipment fell 1.0 Disposable income can ebb and flow abruptly due to natural and man-made disruptions, leaving durable goods manufacturers scrambling to dispose of excess inventory.

Good Times Can Be Dangerous to Supply Chain Operations

Logility

A consequence of long periods of economic growth, like the one we just had from June 2009 until March 2020, is that many members of the supply chain team have only experienced managing a supply chain during growth. Supply chains face different challenges in growth versus recessive economies and must be managed to different company goals and objectives and different customer expectations. Inventory Management: During growth it seems you can never have enough inventory.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

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. Enterra Solutions announced a partnership with Cap Gemini and ToolsGroup announced the release of a software solution for the self-correcting supply chain with a focus on cleaning data and detecting anomalies.) The supporting data will be self-correcting.

Top 15 Logistics Blog Posts of 2014

Cerasis

We’ve already listed the top 10 manufacturing blog posts and the top 10 supply chain blog posts last week. Some logistics involves transportation or warehouses or both. The Warehouse Manager’s Complete Warehouse Traffic Management Checklist : A warehouse manager is responsible for ensuring the health and safety of their employees and others who visit your workplace. Any process or management after the sale of the product involves reverse logistics.

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.

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.

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.

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).

COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

But with the vulnerability of such ultra-dependence on China now exposed, business managers should be planning how to increase the resilience of their supply chains. Form a series of joint agreements to monitor lead times and inventory levels. Not only does this spread the risk, but transportation costs are lower. Localising your supply chain can significantly reduce transport costs.

Lean 55

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. I believe that data matters.

Can demand sensing really work in today’s confusing IT landscape?

The Network Effect

Today’s retailers and manufacturers are awash in data that more precise and available than ever before. Much of newly available data requires that we use a massively scalable, network-based, real time platform in order to provide both a single version of the truth from a data integrity perspective as well as a seamless functional environment between planning and execution from a modularity perspective. Much More than a Demand Management Revolution.

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.

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.

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. E-commerce business, F&B and domestic trucking are up, but passenger airlines are grounded, ports are snarled up and shipping routes are being curtailed at short notice, so buyers are having an extra hard look at how they transport goods.

Supply Chain Management:A New Lens for Supply Chain Roadmaps

Infosys Supply Chain Management

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Three Reasons Why I Love Hadoop, and You Should Too!

Supply Chain Shaman

The data is logically expressed in rows and columns. To connect data from system to system, the data is moved and integrated. As a result, everywhere you go, users and teams complain about the inadequacies of transaction master data and the problems of data integration. I have never heard Google struggle with a master data issue. It makes searching large data sets fast. Instead, the program processes the data where it resides.