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.

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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.

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

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.

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 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.

A Guide to Electronic Kanban (E-Kanban)

TPSynergy

Problems With Traditional Inventory System (MRP). In a traditional inventory system, materials are restocked when inventory runs low. In addition, heavy reliance is placed on manual checking and reordering of inventory levels, which means that by switching to an electronic system, valuable employee time could be saved. Kanban is a Just in Time (JIT) concept where orders for more inventory are sent only wen zcurrent inventory is empty or low.

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.

Metrics that Matter: Inventory Effectiveness

QAD

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Best Practices for Inventory Effectiveness.

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.

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.”

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.

Practicing Social Distancing while Keeping Inventory Moving during COVID-19 pandemic

PINC

live/drop, type of inventory, type of equipment, load status, etc.). We would like to add to West’s point that It’s also imperative that trailers, containers, and inventory are tracked not just over the road but also while these assets are parked at facilities across the U.S.A. .

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.

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.

Inventory Visibility – Beyond ERP

TPSynergy

Inventory Visibility. Inventory is a key part of any business. Manufacturing, Distribution businesses depends on availability of correct inventory. Important feature of inventory is its visibility. If the inventory lies in a corner of the warehouse and not visible to Planners, it will add to inefficient resource utilisation. ERP and Inventory Visibility. Most of the business today, depends upon their In-house ERP system for inventory visibility.

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.

Six Ways Warehouse Inventory Management Software Optimizes Efficiency

IQMS

The Warehouse Inventory Management Software market grew to $1.4B Warehouse Inventory Management software and systems help reduce infrastructure costs and enable the reallocation of existing IT resources to drive productivity improvements, according to IDC.

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.

Vendor Managed Inventory (VMI) – Visibility is the Key

TPSynergy

VMI (Vendor Managed Inventory) is the one of the best Inventory Management tools that will reduce the inventory carrying cost. By making your suppliers carry the inventory on behalf of you, you are reducing the risks and costs of inventory obsolescence. In VMI process, the supplier is expected to carry the inventory and make it available as and when it is needed. Customer pays only the for the inventory they have pulled or consumed.

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.

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.

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

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

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.

Healthcare Purchasing and Inventory Management Meets Invoicing Automation | Hybrent Announces Partnership Integration with Sage Intacct

Hybrent

Hybrent’s complete supply chain suite including eProcurement, Inventory Management, Invoicing Integrations, and Reporting functions streamline the procure-to-pay process for healthcare organizations. . Hybrent also integrates with Practice Management Systems and Electronic Medical Records.

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.

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.

If Inventory Optimization was Easy, People would Stop Writing about It

Enterra Insights

Every supply chain professional understands inventory is a necessary evil. Carry too little inventory and you can miss out on sales and anger customers. Carry too much inventory and you increase handling costs and cut into profits. 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.”[1]

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)?

7 Types of Inventory Risk and Their Impact On Your Business

Unleashed

The main purpose of carrying inventory is to provide your customers with the goods and services they expect, when and how they expect them. Holding inventory, however, comes with numerous risks that can negatively impact operations, customers satisfaction and profitability.