Logistics Bureau
DECEMBER 4, 2023
Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.
Supply Chain Shaman
JANUARY 9, 2024
How Do You Define Excellence? In retrospect, I find that technology is an enabler, but only if we are clear on what defines supply chain excellence. Many believe that an ex-supply chain exec knows the definition of supply chain excellence. An average margin of 21% with inventory turns of 1.58 I admit it. Lora was as well.
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Supply Chain Shaman
OCTOBER 4, 2018
Against my friends’ advice, I decided to drive to speak to 120 business leaders at the Gains Systems event. 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.
Supply Chain Shaman
JULY 19, 2020
Excellent firms don’t believe in excellence – only in constant improvement and constant change. The idiom, rearranging the deck chairs on the Titanic, symbolizes working on something pointless or insignificant because it will soon be overtaken by events. What Is Supply Chain Excellence? Tom Peters.
SCMDOJO
NOVEMBER 9, 2023
Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.
Supply Chain Shaman
MAY 1, 2023
The use of descriptive analytics along with agile planning techniques (what-if analysis, discrete event simulation, and network design) helped. We find that companies with an analytics center of excellence drove progress faster than those with a supply chain center of excellence. Analytics investments are essential. Responsive.
Supply Chain Shaman
APRIL 9, 2021
Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.
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