Supply chain pain points: Consumer electronics

Kinaxis

by Alexa Cheater 4 problems facing consumer electronics and what to do about them. First up is consumer electronics. Consumer electronics supply chain pain points. That will eliminate multiple data sets, greatly reducing your inventory and cost risks.

Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

Cerasis

Today begins our series about electronic data interchange or EDI in transportation. What is Electronic Data Interchange? First we must understand and get on the same page of what is Electronic Data Interchange, or EDI, as it is not only used in the transportation industry.

Attribute Based Planning for the Consumer Electronics Industry

Logility

The sheer number of options available in consumer electronics products can be overwhelming as many in the United States likely experience every holiday and especially during the Thanksgiving holiday as they compared Black Friday and Cyber Monday deals. White Paper: Winning the Inventory Battle in Consumer Electronics

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.

Electronic Data Interchange and its 4 Important Qualities

Descartes

Electronic Data Interchange migrates data points to their assigned ERP slots and business accounting systems, resulting to continuous data flow across omni-channels. New items quickly fill up inventories. The Electronic Data Interchange system is easy to operate and manage.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.

Supply chain inventory optimization – Beyond the analytics

Kinaxis

But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. Implementing inventory optimization.

Supply Chain Planning for Electronics

Demand Solutions

Supply chain planning is becoming more important than ever within the electronics industry. With proper planning, it becomes possible to enhance the profitability within the electronics sector from the ground up. How Can Supply Chain Planning Aid in the Electronics Sector? The proper type of electronic supply chain management and planning facilitates better communication from end to end of the supply chain.

Supply Chain Planning for Electronics

Demand Solutions

Supply chain planning is becoming more important than ever within the electronics industry. With proper planning, it becomes possible to enhance the profitability within the electronics sector from the ground up. How Can Supply Chain Planning Aid in the Electronics Sector? The proper type of electronic supply chain management and planning facilitates better communication from end to end of the supply chain.

With Tariffs In Flux, Digital Inventory Technology Might Be The Solution To Holiday Bloated Inventory Levels

Talking Logistics

The tariff situation has companies in a quandary as they debate whether to “load up” on inventory now — to ward off the impacts of potentially-higher tariffs on imported goods — or hold off for now and hope that the political environment calms and things get to back to “normal.”

Inventory Obsolescence: It Can Get Complicated

ToolsGroup

The knack in today’s innovation economy is to understand how the value of a particular SKU deteriorates or its costs increase so that profit erosion can be factored into inventory optimization calculations. But correctly modeling inventory obsolescence is important.

It’s Time to Revisit Vendor Managed Inventory

synchrono

A few decades ago, Vendor Managed Inventory (VMI) was a hot topic. Many manufacturers saw it as a way to reduce inventory levels and costs. Electronic Kanban (eKanban) software is a classic example. The eKanban system enables real-time, electronic signaling.

What’s New in Inventory Optimization?

ToolsGroup

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability. He reiterates why his firm sees inventory optimization (IO) solutions as so important.

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. ” Vendor Managed Inventory Model: A Quick Back Story.

Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. Staying Strategic in the Warehouse with Better Inventory Flow. Throughout the entire order fulfillment process, companies have a duty to ensure optimum warehouse efficiency by appropriately controlling inventory flow. Warehouses should also consider implementing these best practices to ensure effective warehouse management and maintain control and flow of inventory.

EDI 846 Inventory Inquiry – Explaining EDI

SupplyPike

You would send an EDI 846 (Inventory Inquiry/Advice) to your buyers/trading partners to notify them of your on-hand inventory. An Inventory Inquiry could include several pieces of data such as: Product item identifiers like UPC needed with quantities listed for each Date of inventory Description of stocked products Products that are currently out-of-stock Products that will be discontinued Vendor numbers. EDI + Data Exchange edi EDI 846 Inventory inquiry

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.

What’s new in the automotive supply chain? (Hint: Inventory Replenishment Policies)

The Network Effect

Today I want to explore how automobile suppliers are improving their operations via inventory replenishment policies. Effective inventory replenishment policies in use today include the 830/862 converted to a delivery release, KanBan, Min/Max, and Sequencing.

Benefits of Inventory Serial Number Tracking

EMERGE App

Regular readers will know that we’re big fans of using barcodes and handheld readers for inventory management. Next, we’ll examine the benefits of using serial number tracking for inventory. They do not form part of a saleable stock or the inventory of the business.

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.

What is EDI (Electronic Data Interchange) and ASN (Advanced Shipping Notification)?

3PL Insights

EDI stands for Electronic Data Interchange. This refers to the electronic interchange of documents between companies. Electronic interchange of documents is far more efficient and less expensive than exchanging paper documents, as EDI costs less than a dollar.

UPS Executive Shares Insights on Total Cost of Ownership in the Electronics Supply Chain

Supply Chain View from the Field

In this case, the context was an annual bid and quote negotiation they had to do with electronic manufacturers who wanted to ship products from the factories in Asia to the US. We happened to use the example of a high end consumer electronics manufacturer, but in truth, any one of the manufacturers operated the same way. ” “Security is one of the tightest with electronics.

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. To understand the results, follow the year-over-year pattern in the orbit chart in Figure 1 and then look at the results of the consumer electronics industry in Table 1.

4 Benefits Shippers Realize when Transportation EDI is Utilized in a TMS

Cerasis

According to a research study from Forrester, EDI continues to prove its worth as an electronic message data format. Exchanging documents electronically improves transaction speed and visibility while decreasing the amount of money you spend on manual processes.

6 Best Practices for Fashion Inventory Management

EMERGE App

Behind all these efforts, though, is the need to control and manage your fashion inventory. Inventory management doesn’t rank highly at dinner party chatter but it’s a critical and inevitable part of dealing with physical stock. What is Fashion Inventory Management?

Whew! It Is Finally Happening.

Supply Chain Shaman

Vendor Managed Inventory. Big data supply chains Bricks Matter Market-Driven New technologies Open Content Research B2B Business-to-business e2open EDI electronic data interchange Elemica GHX GTNexus SAP I am an old gal. In six months, I will raise a toast to my sixtieth birthday.

Vendor Managed Inventory? Think twice and consider the risks!

Supply Chain View from the Field

Historically, businesses have used one of two extremes for inventory management: push-based or pull-based. Push-based inventory management uses demand forecast to manage inventory and replenish from the supply base. Pull-based inventory management, on the other hand, uses consumption to replenish from the supply base and manage inventory. Inventory levels actually increased at downstream (buyer) facilities.

Lean Manufacturing Driven by Rapid Return on eKanban Technology Investment

synchrono

Through the use of supplier quality certifications and blanket (long-term) purchase orders, a manufacturer can accurately and effectively calculate the optimal level of inventory needed to fulfill demand requirements through the duration of replenishment lead time. Eliminating inventory waste.

Lean 66

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

Keeping track of warehouse inventories with an army of fully autonomous drones (TechCrunch). Are you attending the Council of Supply Chain Management Professionals (CSCMP) Annual Conference later this month (September 25-28 in Orlando, FL)?

Your Forecast Isn’t Accurate – Is Your Inventory Optimization Solution Making Things Worse?

E2open

Your Forecast Isn’t Accurate – Is Your Inventory Optimization Solution Making Things Worse? Inventory buffers can counteract the effects of inaccurate forecasts. But, are you setting wrong inventory targets because your inventory optimization solution doesn't understand how bad the forecast really is? A good inventory optimization solution uses the mismatch between forecasts and orders to come up with stocking levels. Consumer Electronics.

Omni-channel inventory management like the customer matters

RELEX Solutions

The importance of inventory management for efficient e-commerce and omni-channel business is a theme we’ve blogged about fairly regularly. In our ‘ Supply Chain Planning in Online Retail ’ e-book you can also read more about how to improve inventory management in your e-commerce operations.

Best Buy Increases Inventory to Meet Customer Demand Across Channels

Supply Chain Nation

In this week’s Friday in 5: Best Buy increases inventory to support multiple channels; Americans say their economic prospects are brighter, despite ongoing concerns; Nordstrom bets big on high-touch technology; Parts Town takes a new approach to automation technology; and a new complication slows free trade negotiations. According to the Wall Street Journal, Best Buy reported inventories on its balance sheet at $4.96

How To Improve Your Business’ Financial Health with Inventory Management

Unleashed

Since inventory is one of the biggest assets for a company, it’s no wonder that it can impact on a company’s financial health. If inventory is poorly managed, there can be a domino effect on the company’s financial statements. There is always the opportunity for improvement when it comes to inventory management. Analyse your different types of inventory. In many companies, raw materials inventory plays the biggest role in impacting financial health.

Supply Chain Visibility and the Bottom-line

synchrono

Rick Morris, a Certified Supply Chain Professional wrote in Supply House Times that while improving fill rates, improved forecast accuracy also lowers inventory levels measured in days of sales; and simultaneously , improved forecast accuracy improves fill rates and lowers inventory.

Don’t Make These 8 Horrible Inventory Management Mistakes Before Halloween

EMERGE App

Not cleaning up the inventory skeletons in your closet can mean a difference between a ho-hum year and a bumper year. Here we’re going to cover some common inventory management mistakes that businesses make while winding up the year. Introduction.