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. ?.

Process Based Inventory Turnover Improvement!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. Too much inventory, especially the wrong inventory, can negatively impact cash flow, return on investment, customer satisfaction, and profitability.

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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. Before training and education in the basics was needed because the jobs to be done were transactional. The skills, education and training that future Supply Chain leaders will need are: 1. Supply Chain Education in Conclusion. Subscribe Here! Email Address.

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. This blog post doesn’t aim to be the ultimate guide to sourcing goods from China. I like to start with a broad-based search at Alibaba and Global Sources. Introduction.

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.

Sourcing Offices: a shift of paradigm

KEPLER Consulting

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath. Back to the origins, the Sourcing Offices have been developed by retailers for two main reasons: #1 Gather demands coming from various entities within a same group.

Achieving the Integrated Global Supply Chain

Supply Chain Network

The results are achieved when extraneous costs are removed and product can optimally move from source to end-user with minimal friction. 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.

Supply chain disruption happens. Logility can help.

Logility

Reprioritizes products to be produced, sourced and moved throughout your global network. Prioritizes scarce inventory to optimize network performance. Rapidly identifies supply constraints and alternate sourcing opportunities across multiple time horizons with AI and ML driven insights. Phone * Company * Job Title * Zip Code * Source Comments This field is for validation purposes and should be left unchanged.

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.

Digitized Procurement: Your Setting-off Point to Autonomy

Jaggaer

Sourcing automation. Sourcing Strategy Advisor. The new sourcing platform brings us the opportunity to connect data much better and generate new value-adding information for our internal business partners.” – Head of Regional Procurement, DPDHL. Through our review we recognized that managing the inventory of chemicals and the associated safety database manually on spreadsheets was cumbersome and inefficient. Autonomous Procurement Source-to-Pay

Beer Marketing Strategies in a Global Pandemic and the Best 5 Tactics Heading into 2021

Unleashed

The craft beer segment relies heavily on perceived value, craft beer enthusiasts expect high quality, creativity, and traditionally brewed beers with innovative flavours, using locally sourced ingredients. An efficient way to manage brewery inventory is with cloud-based brewery software.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Some people have University degrees and some people have high school education. SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. Subscribe Here! Email Address.

SCM 84

My Video Call with Santa Claus

Logility

As you can imagine, the CESC is inundated with data from multiple, disparate sources. I was impressed Santa had taken the proactive measure to continue the education of his elves and embrace the opportunities analytics can provide. Over the last year Santa’s supply chain team selected a leading supply chain planning platform and implemented demand, inventory and parts of the supply planning capabilities of this platform. Update on the Christmas Express Supply Chain.

Video 109

Introducing Strange Bedfellows, a QAD Podcast Mini-Series

QAD

Mike and I discuss everything from government requirements, social distancing, shelter-in-place orders, and how they’ve affected manufacturing, even down to the difficulties of purchasing and inventory management of PPE to support anti-infection strategies. We’ll cover current issues and how they affect manufacturing in an easy-to-digest, succinct format so that you don’t have to piece together a story by trying to chase down multiple sources. Listen, Educate and Subscribe.

Introducing Strange Bedfellows, a QAD Podcast Mini-Series

QAD

Mike and I discuss everything from government requirements, social distancing, shelter-in-place orders, and how they’ve affected manufacturing, even down to the difficulties of purchasing and inventory management of PPE to support anti-infection strategies. We’ll cover current issues and how they affect manufacturing in an easy-to-digest, succinct format so that you don’t have to piece together a story by trying to chase down multiple sources. Listen, Educate and Subscribe.

Integrated Planning: Is It Rubbish? Be Careful What You Ask For….

Supply Chain Shaman

Each are good at localized planning within a focused area of demand, supply, network design, transportation planning, material sourcing or finite scheduling. The greatest value happens when companies can link across source, make and deliver. This requires continue education. We are also in the cusp of a technology evolution with cognitive computing and open source platforms. On Sunday, I spent the day at the Barnes Foundation with an old friend Karen.

Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

Reason #6 Not effectively managing inventory. A bad decision can result in missed orders, significant inventory, or scrapped materials. Yet, when you look at the background of many supply chain planning workers, you’ll find a huge variation in education and experience. The very best include people that not only understand supply chain from end-to-end, but can also come up with creative solutions beyond what the typical supply chain education can prepare you for.

How Your Warehouse Can Navigate Costly Global Supply Chain Disruptions

OneSCM

Proactive supply chain and logistics managers will ensure they highlight disruptions to their supply chains and create sourcing events to use alternate suppliers. Supply managers can better navigate changing marketplace conditions such as coronavirus by utilizing supply chain management systems that enable them to respond to bottlenecks and inventory shortages by: Quickly managing and updating suppliers through a single portal.

Procurement Technology: An Update from Spend Matters in Baltimore

NC State SCRC

On software, there is a move towards government-wide software licenses, to begin to appoint individuals to manage software license inventory, and establish government-wide solutions that are smarter on refresh cycles. 22,000 sourcing events. $50 Cognitive systems learn behavior through education, using structured and unstructured data. Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit.

Supply Chain Basics with Jason Miller

The Logistics of Logistics

The department educates students to succeed in careers such as procurement, manufacturing, inventory management, warehousing, transportation, and customer service. Sourcing. Inventory management. Supply Chain Basics with Jason Miller.

How to Adapt Your eCommerce Business to the Coronavirus Pandemic

Vinculum

However, now is a great time to build on other sources of income like: Hosting digital events. There are so many creative ways in which you can create your own e-book or guide and sell it to people who want to make use of this time by learning new skills, educating quality leads and more. Sell on Marketplaces Globally Automated Catalog Listing Inventory & Order Management Brands Multi-brand Retailers Marketplaces Industry Insights eCommerce Online Business Corona Virus Covid-1

Video 40

The Supply Chain Detective™ – The Case of the Missing Cash!

Supply Chain Game Changer

But these customers would require huge upfront out of pocket capital, inventory and resource investments to enable this business. Given that the Supply Chain team negotiates terms, conditions, and parameters with suppliers, and manages inventory, they are impacting cash flow in dramatic ways. We educated them on Cash flow, explained our situation, and laid out a plan of attack with a series of actions that we needed everyone to own, implement and track to completion.

How is COVID-19 Bringing a Drastic Change in Trend for Ecommerce Industry?

Vinculum

China, being the source area, which struck the Coronavirus pandemic made the sourcing products from production houses pause supply of products. The extensive investment in this space is a great benefit for the near future; it’ll bring back a more educated and proactive citizen for all. Sell on Marketplaces Globally Inventory & Order Management Warehousing & Fulfillment Brands Multi-brand Retailers Marketplaces Industry Insights Marketplace Online Business Covid-19

Italy 40

Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods. The answer is to increase modeling, evaluate sourcing strategies, and build the right push/pull decoupling points.

What makes a solution the “best” inventory software for small business?

EMERGE App

Every day our sales and support teams get asked: “I’m looking for the best inventory management software.” Of course, we’d love to say that EMERGE App is the best inventory management software but that’s up to you to decide. The previous example of house hunting is exactly the same for finding the best inventory management software for your business. And it is assumed that your oldest inventory will be the ones to be sold first.

Planting the Seeds for Blockchain in the Food & Beverage Supply Chain

Logility

Considering the importance placed by consumers on food safety, the ability to track and trace ingredients and their sources, is a must have to succeed in the F&B industry. It is quite exciting when you think about sensing customer demand and real-time inventory positions instantly shared up and down the supply chain. Advanced planning systems have the capability to utilize blockchain data to improve demand planning, inventory management and deployment.

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Inventory Turns. Better performance in inventory turns than the peer group average for the period studied. In the analysis of the performance factors, companies are divided into two classifications: Supply Chains to Admire Winners: In the analysis of the performance factors of growth, operating margin, inventory turns, and Return on Invested Capital, Supply Chain to Admire winners score at or above the industry peer group average for all four of the factors.

Forecast Accuracy at the SKU Level is Achievable

Logility

Accurate forecasts help minimize inventory, maximize production efficiency, streamline purchasing, optimize distribution, maximize customer service, ensure confidence in company financial projections. Improving forecast accuracy by just one percent can significantly reduce finished goods inventory, lower transportation costs, decrease inventory obsolescence and increase perfect order performance.

8 Things Companies Common Mistakes in Supply Chain Management

Logistics Bureau

Confusing Strategic with Single (Sourcing). Single sourcing is a supply chain trend which can easily lead to mistakes for small and medium-sized businesses, especially if it’s chosen as a strategy without regard to the potential risks. It’s certainly something to consider if you currently maintain a single-sourcing strategy. Inventory Management. Of course, manual systems allow small business owners to manage inventory with limited investment in systems.

Demand-Driven Transformation at Shell

Supply Chain Shaman

They saw a steady drop in inventory and reduced working capital by about 50% over the period of 2011-2015. Impact of Demand Sensing on Inventory Levels. By leveraging demand sensing and the Multi-tier Inventory Optimization (MEIO) platform– using machine learning and some cognitive technologies–from Terra Technology on top of SAP APO, Shell successfully launched an analytics platform initiative to improve the demand signal and reduce safety stock.

The Supply Chain Gender Pay Gap is Narrowing!

Supply Chain Game Changer

The survey was comprehensive, digging into compensation, job satisfaction, education, key skills, as well as the gender pay gap – and whether it’s growing or narrowing as the field evolves. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. GET our EBOOK HERE.

Supply Chain Planning for a Green Supply Chain

Adexa

Some examples are changing the energy source from conventional fuel to renewables or building environmentally friendly plants, producing cars with zero emissions or making appliances that are highly efficient. It combines all the possible ways of producing the mix of products at all the different locations and use of different materials and gives a projection of what to expect in terms of sales and inventory of the products.

Five Things I Have Learned About Global Supply Chain Planning

Supply Chain Shaman

The problem is that this does not allow enough trade-off of source, make and deliver processes across the globe.). Plan continuously using strategic design tools like Llamasoft, JDA Strategist, and Opalytics to build process flows (postponement, push/pull decoupling points, and set inventory targets for the form and function of inventory). What Drives Inventory Effectiveness in a Market-Driven World? Another plane, another client; and yet another discussion.

Combating the Digital Supply Chain Talent Gap

Supply Chain Nation

I discussed how even though the business processes of demand planning, supply planning and inventory planning remain the same, what has changed in this new digital world is an exponential increase in the volume, frequency and speed of data. Partnering with universities and educational programs, and recruiting students from these universities, is a great way to combat the digital supply chain talent gap and prevent it from growing into a crisis.

Combating the Digital Supply Chain Talent Gap

Supply Chain Nation

I discussed how even though the business processes of demand planning, supply planning and inventory planning remain the same, what has changed in this new digital world is an exponential increase in the volume, frequency and speed of data. Partnering with universities and educational programs, and recruiting students from these universities, is a great way to combat the digital supply chain talent gap and prevent it from growing into a crisis.