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If you are a new professional in the field of inventory management, you face a very steep learning curve. There are many moving parts in the system you manage, and much of the movement is random. You may find it helpful to take a step back from the day-to-day flow to think about what it takes to be successful. Here are six suggestions that you may find useful; they are distilled from working over thirty five years with some very smart practitioners.
Supply chain complexity and uncertainty are here to stay. To put this another way, supply chain risks are on the rise. And they show no signs of abating. Supply chain disruption abounds. You have increasing conflict, changing customer requirements, increasing regulation, trade wars, and Black Swan events, to name a few. With increased risks come […].
Supply chain and rugby managers require complex communication and collaboration strategies using real time data and insights for competitive advantage. Leave a Reply [contact-form-7].
Sales and Operations Planning has become the preferred method to facilitate clear and formal communication between the demand and supply sides of a business. However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning , Supply Chain Research Team, 4 May 2020).
How often do you really think about the reverse supply chain? It’s easy to assume the reverse supply is solely based on returns. While this is partially true, all reverse logistics involve a backward flow of products that return to their origin, it’s not that simple. Returns may derive from buyer’s remorse, damage to items,read More. The post Building a Better Data-Driven Reverse Supply Chain appeared first on Transportation Management Company | Cerasis.
How often do you really think about the reverse supply chain? It’s easy to assume the reverse supply is solely based on returns. While this is partially true, all reverse logistics involve a backward flow of products that return to their origin, it’s not that simple. Returns may derive from buyer’s remorse, damage to items,read More. The post Building a Better Data-Driven Reverse Supply Chain appeared first on Transportation Management Company | Cerasis.
There was a time when Mumbai’s dabbawalas (lunchbox carriers) were known for their efficient supply chain and logistics. But the COVID-19 incursion changed the lives and livelihoods of Mumbai’s dabbawalas. Their lives can neatly be compartmentalized into BC and AC – before COVID-19 and after COVID-19. Scenario Before COVID-19 Mumbai’s dabbawala service was legendary for its reliability.
What aerospace manufacturers need is agility in their design and production processes to help mitigate the variability in supply and demand. Additive Manufacturing (AM) is one innovation in which aerospace companies have significantly invested to try to address some of their unique challenges. What are the benefits? Additive Manufacturing is accelerating the development phase and reducing time to market.
Supply chain leaders have faced significant challenges in the past, and in 2020, the supply chain coronavirus crisis has put a spotlight on the need for supply chain resilience and integration. Among these, integrated reverse logistics strategies can make or break successful operations. Failure to consider the ways in which the disruption affects all parts.read More.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
In April I discussed the widespread impact of the Covid-19 pandemic on supply chain and fulfillment, and provided a WMS market update in which I predicted a market downturn in 2020 to be followed by a rebound in 2021. During the process of developing my WMS market forecast, I made assumptions for each quarter of 2020. And indeed, I took into consideration the macroeconomic forecasts for an abysmal Q2 2020.
Sales and Operations Planning has become the preferred method to facilitate clear and formal communication between the demand and supply sides of a business. However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning, Supply Chain Research Team, 4 May 2020).
It’s notoriously difficult to optimize inventory for aftermarket parts. You need to maintain high service levels, but sporadic demand and an infinite number of SKUs frequently lead to waste, excess cost and product obsolescence. Probability forecasting offers a more accurate way of predicting customer behavior and staying prepared, especially for items with long-tail demand.
[link] Every supply-chain on the planet is clamoring for the best way to future-proof operations against possible disruption. The COVID-19 crisis emphasizes the dramatic problems created with single sourcing strategies. Unfortunately, the strategies are simply so ingrained in the supply chain that many organizations have still yet to diversify their networks.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
According to the National Hole-in-One Registry, the odds of the average golfer making a hole-in-one are 12,000 to 1. I was actually a little surprised by the odds, as I would have assumed that they were much lower. Last Friday afternoon I received a text message from my mom letting me know that she had just sunk her first hole in one after 30-plus years of golfing.
Between companies regularly distributing, manufacturing or using construction products, the construction industry experiences a steady flow of business. One thing all construction companies can agree on is the importance of operating efficiently in order to meet project deadlines. There are a number of barriers between smooth logistics operations and successful project completion for the construction […].
What is Invoice to Pay? Invoice to Pay is a request for payment by a supplier, and technology helps to make this simple, fast and more efficient for the Supplier and the Accounts Payable team. Invoice to Pay sits at the end of a Procurement process that starts with a need, moves through selecting and contracting with a supplier and ends with delivery of goods or services. .
The current year has been anything but ordinary. Supply chains are trying to fulfill more e-commerce orders, and out-of-stock SKUs have become almost expected. Meanwhile, the massive surge in demand continues to push forward another aspect of logistics—reverse logistics. Reverse logistics costs further contribute to higher total cost of ownership within the supply chain and.read More.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Being a socially responsible company can create a strong brand, a committed workforce, and loyal customers. It comes at a cost. The products will generally be more expensive, limiting sales. Progressive companies are often small, requiring them to use less-than-truckload. Less-than-truckload has adverse service and environmental impacts. In short, fair trade and environmental initiatives lead to socially responsible manufacturers having more complex supply chains.
McKinsey & Co., and Trading Partner Alliance outline some of the key considerations that should go into developing and using the on-time and in-full delivery metric. Supply chain complexity is increasing as customers demand a wider selection of products, a broader choice of channels, and more promotional offers. With expectations of higher on-shelf availability and lower inventory costs, the pressure on delivery performance has intensified—as has the need for manufacturers, retailers, and ca
Coronavirus Exposes Global Supply Chain Fragility! The Coronavirus pandemic continues to wreak havoc throughout the world. In some places the pandemic has been controlled and life is getting back to a new normal. Yet in many other cases the pandemic is spreading aggressively and even realizing a devastating resurgence, particularly in the United States.
[link] The growth of omnichannel is subject to hype and fact. Some supply chain leaders and experts argue omnichannel is the improper term to describe the state of warehouse transformation today. Others voice concern over how warehouse transformation could increase costs when not adequately managed. Supply chain leaders need to understand why an omnichannel warehouse.read More.
What is Remote-Insourcing? Sounds like an oxymoron, right? Not anymore. Remote-Insourcing isn’t outsourcing—it’s a revolutionary staffing model that lets our clients fill key entry-level positions with top-tier, loyal, long-term talent, integrated seamlessly into their businesses—just like local employees but without the turnover or W2 HR hassles. With under 4% unwanted attrition, you train once and keep the same team for years.
I’ve written previously about how I founded FourKites in 2014 to help shed light on the vast blind spots that exist throughout our complex and interconnected global supply chains. Our focus for the first several years was to build a state-of-the-art platform that would give the world’s biggest shippers, and their carrier and broker partners, real-time data about the location of their freight when it’s in transit.
By Tim Callan (pictured). Senior Fellow at Sectigo. The post Quantum entanglement and the search for quantum-resilient encryption appeared first on IT Supply Chain.
According to a recent article by Gartner: “priority should be given to evolving the digital supply chain twin — can’t do anything E2E without this foundational capability.” Furthermore, they say that: “Before you can do the prediction and prescription (which together equals decision making) … you need to create a model of the supply chain upon which you can predict and prescribe.”.
What sounds like a lot of money? $339.7 million. $290.5 million. $186.4 million. $181 million. $163.5 million. $77.5 million. The figures above are the total funding that Casper, Warby Parker, Glossier, Away, Dollar Shave Club, and Allbirds have respectively received from venture capitalists (VCs) for a combined total of $1.24 billion. Direct-to-consumer (DTC) brands have been disrupting their traditional incumbent counterparts for some time now.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
One of the unexpected consequences of the pandemic is a new appreciation by consumers for shelf-stable foods and other consumer packaged goods (CPG) products. Colin Stewart, Executive Vice President of Business Intelligence at Acosta, notes, “All industries are feeling its effects, but brands and retailers in the consumer packaged goods industry are among those on the front lines of this fight.
By Andy McCaul (pictured). The Bigger Boat Co-Founder & Director. The post Why brands & manufacturers shouldn’t ignore Direct-to-Consumer ecommerce appeared first on IT Supply Chain.
In this episode, I will chat with. Dr. Ednilson Bernardes. Dr. Bernardes is a professor and coordinator of the Global Supply Chain Management program at West Virginia University. He is an expert in process transformation and supply networks innovation. And He is also one of the authors of the recently released book, Digital Supply Networks. Traditionally, supply chains have been conceived and managed as a discrete sequence of activities, from design, plan, and source to make, deliver, and return
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