Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

What is an easy definition? There is no class of technologies, or common definition, for “control towers.” For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory. We finished dinner.

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Noob Guide to Supply Chain Management Definition

Supply Chain Opz

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain.

The Noob Guide to Supply Chain Definition

Supply Chain Opz

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The names of the technology providers, the process definitions, and the architecture descriptions were a new lexicon. The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study.

Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. Inventory is both.

Understanding E-Commerce Fulfillment: Definition, Process, Resources!

Supply Chain Game Changer

There are four basic components of the e-fulfillment process: ECommerce store and fulfillment center integration Receiving and inventory management Order fulfillment Returns processing. Receiving and Inventory Management. Of course, no inventory means no sales. Subscribe Here!

The definitive guide to demand planning

TradeGecko

Business Growth Supply chain management Insights & Analysis Inventory ManagementEffective demand forecasting and demand planning are key to the longevity of wholesale and retail businesses alike.

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. So what exactly is the definition of “Supply Chain Management”?

The 7 Warehouse Service Offerings

The Logistics of Logistics

Everyone knows what a warehouse is, but I decided to publish Wikipedia’s definition because it was really good. Warehouse Definition. As I read, the article, I thought it would be helpful to publish a definition or overview of the 7 warehouse service offerings described in the article. Companies outsource this sub-assembly work to reduce manpower cost, maximize manufacturing space utilization, level inventory and to manage inbound packaging requirements.

Brand Protection – The Definitive Role of the Supply Chain!

Supply Chain Game Changer

For instance Inventory is very often one of the largest assets in a company. Yet if the Inventory is not managed well then it can drain cash, and profits, and your return on investment (ROIC). The post Brand Protection – The Definitive Role of the Supply Chain!

How to Measure Inventory Health

ToolsGroup

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. The concept of inventory health is based on this expectation.

Look beyond the Turnover Ratio! Here’s a Simple Way to Create an Effective Inventory Management Process

Arkieva

Use this simple tool for identifying areas of potential improvement in the business to create an effective inventory management process. This type of measurement allows for a more widespread understanding of the nature of inventory and fosters action to prevent a build-up of non-value-adding "drag". Here’s a Simple Way to Create an Effective Inventory Management Process was first posted on February 20, 2018 at 8:09 am. ©2017

Who Should Take Ownership of Finished Product Inventory Management?

Arkieva

I mean who suffers directly when finished product inventory runs amuck by level, mix, or availability? Who Should Take Ownership of Finished Product Inventory Management? Inventory Inventory Management Memoirs of a Black Belt finished goods examples finished goods inventory definition finished goods inventory example finished goods inventory management finished goods planning types of inventory management

Stock replenishment definition

TradeGecko

Stock replenishment is one of the most important considerations when it comes to inventory management, as it helps ensure the right stock is on the shelves at the right time, while keeping inventory holding costs low and customers happy.

4 Reasons for Carrying Safety Stock Inventory

EazyStock

In both of these cases, customer service levels are negatively impacted by a completely preventable challenge – if only you’d been carrying safety stock inventory! To keep customer service levels high, accurately calculated safety stock inventory is a necessity.

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.

Why Have We Not Reduced Inventory?

Supply Chain Shaman

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. Have the early adopters of inventory optimization seen a reduction in inventory on their balance sheets?”

The 11 Transportation Service Offerings

The Logistics of Logistics

Air transport involves integration of information, transportation, inventory, warehousing, material handling, and packaging. Transportation air cargo definition driver leasing inbound logistics Joe Lynch LTL definition ocean transportation definition The Logistics of Logistics transportation service offering truck driver leasing truckload definition There are 11 transportation service offerings.

Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

The chemical industry is the first to feel a recession, and the early travel freezes is a definite caution flag. The term end-to-end planning (E2E) is frequently used—bandied about like popcorn at a movie theatre–but, lacks a common definition. Current Levels of Inventory.

What is Inventory Management?

EMERGE App

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this.

3 Key Multi-Echelon Inventory Optimization Challenges and How to Overcome Them

Arkieva

When it comes to inventory optimization , companies often have to play a delicate balancing game to ensure that they have optimal levels of inventory. If your forecast numbers are too high, you run the risk of holding costly excess inventory and reducing available cash on hand.

Inventory forecasting and replenishment in an omni-channel world

Cognira

Inventory forecasting and replenishment in an omni-channel world Introduction Omni-channel retailing has changed the entire nature of inventory demand. Customers select from the available delivery and inventory options, but, their final selection may not reflect their first choice, ie.

Emerging Trends to Embrace for Retail Supply Chain Leaders

Supply Chain Network

Probably the most compelling reasons are that simply put, positioning the right inventories close to customers saves on costs, improves service delivery lead times AND sustainability.

Inventory Forecasting And Replenishment In An Omni-Channel World

Cognira

Omni-channel retailing has changed the entire nature of inventory demand. New delivery options and supply methods are constantly being added which makes the previous inventory positioning strategy less than ideal. This flexibility opens up all new inventory stocking strategies.

4 Ways Big Data is Changing Inventory Management

EazyStock

Big data feeds insights to MDM, and MDM feeds big data with master data definitions. Big data exists in real-time and involves prompt access to data, alerts and inventory management and control metrics through cloud computing systems.

Achieving the Integrated Global Supply Chain

Supply Chain Network

Cash Supply Chain Definitions Education Emerging Trends Freight & Transportation Information Technology Inventory New Ideas News & Info Professional Communications Security Supply Chain Management Supply Chain RiskGuest post from Ned Blinick of 3rdwave.

The Automated Local Fulfillment Imperative

Supply Chain Network

Definition: imperative(n) [im-per-uh-tiv] noun: a command, rule, duty, etc., Obviously the addition of all these locations requiring ultra rapid fulfillment to meet delivery timelines comes at a higher cost relative to both inventory and operational requirements.

Making the Case for MiniHubs

Supply Chain Network

Multiple times during his session he spoke of what he sees as the burning need for Footlocker to establish MiniHubs of inventory closer to both customers and local stores to satisfy their growing omnichannel needs. Definitions Emerging Trends New Ideas Retail Retail E-Commerce

Discovering the Power of Distributed Logistics

Supply Chain Network

Probably the most compelling reasons are that simply put, positioning the right inventories close to customers saves on costs and improves service. Definitions Education Emerging Trends Environment Freight & Transportation New Ideas Retail Retail E-Commerce Third Party Logistics

Transforming Brands for Success in the World of New Retail

Supply Chain Network

As highlighted in the New Retail definition above, a fully integrated, single or unified customer centric approach is required to provide consumers with a Unichannel Customer Experience (UCX). Definitions Emerging Trends Matrix Commerce Retail Retail E-Commerce The SCM Company

Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

Let’s start with a definition. A common definition is essential. Like the definition of benchmarking at the top of this post, we believe that the use of an industry standard is essential. With the lack of industry standard definition, self-reporting is not very useful.

Exploring the Eight Layers of Matrix Retail

Supply Chain Network

Current methods of product inventory deployment with large store sizes and significant inventory on hand depth at the store may soon be a thing of the past for retailers wishing to succeed in an omni-channel optimized Matrix Retail world.

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Six Ways You Can Benefit Now From ‘Augmented Fulfillment’

Supply Chain Network

Capture Delivery Savings Utilizing Local to Local Delivery Options – Shifting inventory closer to customers and shipping from stores means traditional courier hub and spoke models are becoming less efficient as they add time and cost to delivery.

Logistics is the new black!

Supply Chain Network

Supporting all of this will require fully integrated, accurate and almost real time updated inventory and order management systems, which depending on who you speak with, cannot be successfully accomplished without item level RFID (Radio Frequency IDentification) of all inventory items.

Understanding Lean and the 8 Wastes

The Logistics of Logistics

There are a lot of different definitions for lean, but my favorite is below. Producing earlier or more than is needed generates other wastes, such as overstaffing, storage, and transportation costs because of excess inventory. Inventory can be physical inventory or a queue of information. Excess Inventory. Also, extra inventory hides problems such as production imbalances, late deliveries from suppliers, defects, equipment downtime, and long setup times.

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