Dr. Muddassir Ahmed on Innovation in Supply Chain Education

Requis

Muddassir Ahmed is a supply chain strategist, researcher, and educator. He is the founder of the SCMDOJO blog, podcast and educational platform , and is a widely celebrated thought leader with a large following. On the fifteenth episode of Supply Chain Next, Muddassir talks with host Richard Donaldson about innovation in supply chain management, updating educational curricula, and the accessibility gap he sees in accessing instruction in supply chain best practices. ?.

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. Inventory is the culmination of many business decisions. The Inventory Management Journey.

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Supply Chain Education and Certification – What’s Missing?

Supply Chain Game Changer

That was the start of Supply Chain education. What is missing in Supply Chain education and certification? A course in Procurement, a course on Inventory management, a course in negotiation, and so on. Supply Chain Education in Conclusion. Subscribe Here! Email Address.

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. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Flow: Understand how inventory flows in your warehouse and apply Lean principle: 5S to clear any obstacles that do not add up.

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Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession.

Inventory Management: Technology Enablers

Kinaxis

by Andrew Dunbar The modern day inventory manager described in this series is the backbone of your company’s inventory planning process. She has a strong understanding of supply chain fundamentals and is an expert at controlling the key levers impacting the inventory company’s investment in inventory. It should be up-to-date (daily at a minimum), and include all the input data required to make your inventory planning decisions.

Supply Chain Education: What Skills Do Your Staff Need?

Logistics Bureau

We’d like to know what you believe your managers and staff need from a supply chain education program. … Well… As you may know, we have an education division in our group called Supply Chain Leaders Academy, and every so often we like to make sure our program is still up-to-date and relevant. General Supply Chain Education. Inventory management. Supply Chain Leaders Academy Training & Education supply chain education

Supply Chain Management (SCM) is Becoming Younger, More Educated, More Diverse!

Supply Chain Game Changer

Planning and Procurement are taking on a bigger role in the field: 22% of millennials surveyed are working in Planning and 21% in Procurement , compared to 15% in Logistics , 11% in Inventory Management, and 9% in Manufacturing. Educational Opportunities Are Taking Off . Subscribe Here!

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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. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model. We never ran out of or had too much inventory.

The Two Levers of Inventory Optimization

Logility

Although I didn’t appreciate it at the time, my engineering education laid a strong foundation that has helped me be as successful as possible in whatever I did. Two powerful levers a company can use to optimize inventory are “Working Capital” and “Customer Service Levels.” At its most basic, start with a piece of graph paper and plot your current service level on the x-axis and current inventory level on the y-axis.

Best Practice Inventory Control Techniques for Online Retailers

Unleashed

Successful inventory control enables retailers to meet customer demand by avoiding stockouts and reducing the risk of overstocking to free-up cashflow. It is crucial in the world of eCommerce, for even the smallest online retailer to have effective inventory control. Following are best practice inventory control techniques to help online retailers maintain control over their stock: ABC analysis. Here’s how to make the ABC analysis work for your inventory.

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. A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor’s inventory levels. The distributor maintains the inventory plan.

[Infographic] 5 Ways STEM Education is Leading the Logistics Industry

Cerasis

Here are the five ways STEM education has helped shape the future of logistics. STEM Education Help Increase Accuracy. Thanks to STEM education, accuracy of the supply chain flow has improved. Logisticians are typically responsible for a variety of functions for businesses, such as preparing budgets, managing inventory and tracking goods in the supply chain. Infographics Logistics STEM Technology STEM Education

What do Beer and Bullwhips Have to do With Supply Chain Education?

Logistics Bureau

Beer, Bullwhips, and Board games: Fancy Some Supply Chain Education? Impacts of the bullwhip effect include: Inventory excess or shortage. Business Improvement Inventory - S&OP beer gameHave you ever played the Beer Game? It’s been around for years but is still one of the best ways to teach people about Supply chain, forecasting and the need for cross-functional communication. The Beer Game: Stimulation by Simulation.

Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. When we look at public companies at the intersection of operating margin and inventory turns or growth and Return on Invested Capital. The industry progressively slid loosing performance in margin and inventory turns, but did not redesign.

Free Supply Chain & Logistics Webinars – 4 Topics – 2 Time Zones

Logistics Bureau

Topics covered: Inventory Management: Kieran Hogan. Books Free Stuff Videos Webinars delivery fleets distribution networks Inventory Management learning reduce cost route planning route scheduling storage facilities supply chain education systems warehousing webinarsWe’d love to share information. We have weekly videos, a very extensive blog, stuffs on social media, and we are now sharing FREE SUPPLY CHAIN WEBINARS!

Detailed Cost to Serve Lesson

Logistics Bureau

I’m going to give you a very good idea how to do the analysis and you will be able to apply this approach to any function in the supply chain – transport, inventory, purchasing, customer service. Would you like to find where money is draining out of your business? Cost to Serve analysis is a great way to spot these problem areas.

To Improve Working Capital Management, Focus on Inventory

Demand Solutions

If you’re looking for specific ways to enhance your working capital, one of your largest opportunities lies in optimizing your inventory investment. Four Inventory Pitfalls to Avoid. In “Uncovering cash and insights from working capital,” Davies and Merin point out several inventory-related pitfalls that manufacturers and distributors should avoid. Reducing inventory levels excessively to hit end-of-period targets. It’s good to focus on reducing inventory.

Ask the Expert: Three Questions on Inventory Optimization for Sean Willems Ph.D.

Logility

Interest in inventory optimization continues to increase as companies seek a more efficient way to reduce excess inventory while maintaining or improving customer service levels. Multi-echelon inventory optimization (MEIO) is also playing a larger role in the sales and operations planning process (S&OP). What’s the most common misperception C-Level execs have regarding inventory optimization? That they are already optimizing their inventory investment.

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 integrated global supply chain exists when activities between all supply chain partners are seamlessly coordinated to achieve the optimal results for all its participants.

Countering the Bullwhip Effect in a COVID-19 World

PINC

A distribution channel phenomenon in which inaccurate forecasts quickly turn into supply chain inefficiencies, the “bullwhip effect” refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. Suffering a glut in “green” cars at the time, Volvo’s sales and marketing developed a program to move its excess inventory.

Ask the Expert: Three Questions on Inventory Optimization for Sean Willems Ph.D.

Logility

Interest in inventory optimization continues to increase as companies seek a more efficient way to reduce excess inventory while maintaining or improving customer service levels. Multi-echelon inventory optimization (MEIO) is also playing a larger role in the sales and operations planning process (S&OP). What’s the most common misperception C-Level execs have regarding inventory optimization? That they are already optimizing their inventory investment.

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Supply chain disruption happens. Logility can help.

Logility

Prioritizes scarce inventory to optimize network performance. Analytics Collaboration Demand Planning Education Industry Matters Inventory Optimization Retail Optimization S&OP Supply Planning Coronavirus

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

Sharing Kevin O’Leary’s Omni-Channel Epiphany!

Supply Chain Network

So as soon as he found it digitally and a store with inventory he borrowed Kevin’s truck and drove straight to store to buy it without even calling to ensure it was there. I’ll let Kevin’s words do the talking… “If it’s true that you can digitize the business and reduce the cost of inventory, which is an area that fascinates institutional investors.

Emerging Trends to Embrace for Retail Supply Chain Leaders

Supply Chain Network

The definition I’m running with currently is below, but this rapidly emerging concept continues to evolve literally as we speak: ‘A fully integrated and optimized network of two or more fulfillment centers operated in unison to increase sales and customer delivery service levels, which minimizes transportation costs and maximizes inventory optimization’ ~ Jeff Ashcroft.

How Do I Know If I Am Ready?

Supply Chain Shaman

The average client that has implemented demand sensing technologies has reduced inventory by 11%. Help to educate the sales force and consider modifying sales incentives for the first three quarters to let the shipments even out to a pull-based signal. Prove that it works and educate the team on how the “touching of demand data” actually reduces demand accuracy. Demand demand planning demand sensing inventory management inventory reduction

Rethink Your Approach to Business Through the Lens of Anti-Brittle and Optionality!

Supply Chain Network

Almost two years ago now I joined MonarchFx after recognizing it as the fast, flexible inventory deployment, fulfillment and replenishment solution the market needed. Definitions Education Emerging Trends New Ideas Supply Chain RiskMy entire career has been focused on first finding AND THEN implementing logistics and supply chain innovations both large and small.

Going Omnichannel in Orlando & Reaching the Item Level RFID Tipping Point

Supply Chain Network

Bill’s premise was that a retailer’s success with omnichannel required Item Level RFID, as inventory accuracy across the supply chain and especially in store was key. Associations Conferences Education Emerging Trends Information Technology Inventory Matrix Commerce New Ideas News & Info RFID RFID Information Just about every year the RILA Logistics Conference is one of the best Events I attend and pleased to say #RILALogistics 2013 was no exception.

7 Tips to Manage Seasonal Inventory and Product Demand Fluctuations

Unleashed

Inventory management requires an initial effort to get right, but once you’ve established effective inventory control, ongoing management is much easier, particularly for businesses prone to seasonal spikes or significant periods of peak demand. If a product is in season, inventory stock can fly off the shelves. So how do you stay in control of inventory during the highs and lows of seasonal demand ? Categorise seasonal inventory.

3 Benefits of Donating Your Unsellable Inventory to giveNkind

ShipBob

In October 2018, ShipBob announced its partnership with giveNkind , a Chicago-based nonprofit organization that matches unwanted inventory with nonprofits. This partnership has allowed ShipBob merchants an opportunity to easily donate returned, canceled, or surplus inventory for those in need. As of today, brands who store inventory with ShipBob have donated a total of $790,743.96 3 benefits of donating unsellable inventory to giveNkind. Ecommerce Tips Inventory

Seven Signs Your Retail Business Needs an Omni-channel Makeover

Supply Chain Network

Sign 1: Dual Inventory. Probably the simplest of these indicators is whether your organization maintains seperate and often duplicate inventories of product, one to support store distribution and another to fulfill e-commerce orders. In addition to increasing overall inventory investment, keeping dual inventories can also lead to potential stock outs, delays and costs due to any needed transfers between these two inventories. Sign 5: Store Inventory.

S&OP Effectiveness: Recommendations to Make the Leap

Supply Chain Shaman

While many consultants argue on the name–the debate rages with strong arguments of “Should it be Integrated Business Planning (IBP), Sales Inventory and Operations Planning (SIOP), or consensus planning?”–the Educate the Financial Team on How to Use the S&OP Process in Budget Forecasting. It is a beautiful fall day in Philadelphia.

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My Video Call with Santa Claus

Logility

I was impressed Santa had taken the proactive measure to continue the education of his elves and embrace the opportunities analytics can provide. Santa also wants to take advantage of all the new information available through the SC planning platform to optimize inventory.

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Who said supply chains are boring?: Disney 'Imagineers' a Supply.

Supply Chains Rock

My trial of contributed articles to this blog continues this time a nicely written piece by Pete Kontakos who writes about multiple subjects, including supply chain management online and online education. ” The Utilidor feeds goods to the parks attractions surreptitiously and is stocked with a three day supply of inventory at all times to ensure all merchandise is there when needed. Who said supply chains are boring?