Is Your Company on top of its Inventory Planning Game?

Logistics Bureau

Good inventory management, like everything else, starts with good planning. But planning isn’t just the start; it’s the very foundation of effective inventory control. Inventory planning also happens to be an area that many companies fail to prioritise sufficiently.

7 Key Factors that Underpin the Success of your Inventory Optimization Initiative

Supply Chain Opz

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service. In this article we will examine inventory optimization processes as part of a structured sequential journey and examine seven of the key factors in delivering the optimal mix of stock.

Take Advantage of Digital Manufacturing to Improve Workforce Productivity

DELMIA Quintiq

Supply chains have been optimized; warehouse inventory tracking has reached new levels of precision; production lines can operate with virtually no downtime. As a result, this metric is often downplayed or not referenced in the discussion.

Building a Business Case for Improved Demand Forecasting

ToolsGroup

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. 9% reduction in inventory obsolescence (percent of inventory value). Customer service must come from inventories.

What If You Could Take The Guesswork Out Of Forecast Planning? Guest Post from Osgood Vogler

Kinaxis

Persistent planning biases can tie up cash by driving excess inventory. This exercise is important because it will help supply chain leaders understand exactly where planning is necessary and how to drive exceptional performance in their supply chain operations.

Guest Blog Part 2: Start Your eKanban Implementation with Value-stream Mapping and Engaging Your Suppliers

synchrono

With eKanban implementations, this can be any number of problems including excess materials on hand, slow inventory turns, too much scrap and more. If you’re not using a manual Kanban system, map the current inventory replenishment process.) Monitor your metrics. by Jim Shore.

Friends with Fitbits: Fitness tracking and taking supply chain planning to the next level

DELMIA Quintiq

We exercised, we had fun, we supported each other. In supply chain planning, we are driven by metrics. We focus on reducing miles driven, making a delivery in hours instead of days, minimizing inventories, or increasing the utilization of our workforce.

Change management and 3D printing adoption

DiManEx

OEMs, for example, are typically required to keep spare and repair parts in their inventory, but having excess stock results in unnecessary costs. It also makes it easier to identify the metrics you want to improve and understand the foundation you need to build in order to scale.

Three Questions People are Afraid to Ask….

Supply Chain Shaman

It is tough for me to see that nine out of ten companies are stuck, and not making progress, at the intersection of operating margin and inventory turns. In addition, I am now done with the page proofs for my new book, Metrics that Matter.

Talent Trap

Supply Chain Shaman

Despite multimillion dollar technology projects, and tomes of strategy documents, they are stuck in their ability to overcome market factors and rising complexity to drive continuous improvement on a portfolio of metrics.

Clorox Successfully Implements a Program for Value Chain Segmentation

Supply Chain Shaman

In this period, Clorox was acquiring products with significantly higher margins and lower inventory turns. While retail companies improved inventory, they lost ground on growth and operating margin. At the time, 40% of inventory of the Clorox company were these wipes.

S&OP, a vision for the future. The expert interview series #1

Supply Chain Trend

During this exercise I was hand-picked to develop and lead the Demand Planning Team for the largest of the two operating divisions. Also, building in S&OP process metrics, not just business operating metrics is critical to success. Introduction.

S&OP 131

Where Do Sales and Supply Chain Teams Collide?

Birst Supply Chain

Metrics such as on-time delivery and quality can have an impact on repeat buys and expansion. For companies with multiple business units or regional operations, achieving a single view of the customer across channels is a massive reconciliation exercise.

Friends with Fitbits: Fitness Tracking and Taking Supply Chain Planning to the Next Level

Talking Logistics

We exercised, we had fun, we supported each other. In supply chain planning, we are driven by metrics. We focus on reducing miles driven, making a delivery in hours instead of days, minimizing inventories, or increasing the utilization of our workforce.

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

While this can be an interesting exercise, it oftens fails to answer the direct of question “how should the procurement process be improved?” Note our earlier comment that the types of metrics being used to assess procurement at each stage are indeed a characteristic of how far along the organization is in its transformation!) > Inventory levels. > > Procurement – Metrics – Cost of proc/TC of raw materials. > >Inventory Turns. >

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No Easter Bunny?

Supply Chain Shaman

Stuck at the intersection of operating margin and inventory turns, only 10% of companies are making progress. Unable to power additional year-over-year improvements at the intersection of cost and inventory, companies struggle.

To Infinity and Beyond! Breakthrough Training Principles to Create a World Class Team!

Supply Chain Game Changer

Customers and other internal functions viewed Supply Chain as a dysfunctional organization as evidenced by the poor Supply Chain performance metrics. As the Trainer went through the lessons it was clear that it was going to be a somewhat confrontational exercise. Subscribe Here!

Dedication to Career, Life and Family

Supply Chain Nation

Being in the military also formed Rebecca’s passion for exercising and running. I understand, from the ground up, what it takes to manage multiple warehouses, inventory, deadlines under pressure and routing of convoys.

You Have To Start Somewhere

LeanCor

The other option is to take inventory of the crucial concepts as they relate to your team members and your drive towards continuous improvement and developing the training internally. Group exercises and open discussion typically come easily when training on this topic.

Five Steps to Seamless Omni-Channel

Supply Chain Nation

The fact is omni-channel digitization is a far more profound exercise, which needs careful understanding of all the areas affected by any change in one area. The first step in this is clear visibility of inventory across channels. The important element is to exhaustively identify metrics which need to be tracked by the testing teams and help in continuous learning process.

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Reverse Logistics: Who Does it Well?

Logistics Bureau

They may recall inventory from retailers or reprocess it because it has passed its sell-by date or demand is insufficient. It makes sense to run reverse logistics as a profit centre with corresponding KPI and metrics. In the fashion sector for example, US department stores like Saks 5th Avenue and Nordstrom have second-tier sales outlets (off-5th and Nordstrom Rack) to which they can hand off excess inventory at marked down prices.

What Entrepreneur Media Wouldn’t Publish about ThroughPut: Why Industrial Operations Bottleneck Elimination is the World’s Greatest Mission

ThroughPut

At best theoretical, the exercises helped me understand how better throughput was a prerequisite for additional output. Inventory as a liability and not an asset was a big epiphany for impacting cash flows. This was as true as in hydraulic fracturing in 2011 as it was in managing telecommunications finished goods inventories in 2019. Time: I would look at business flow metrics more closely, and clearly assess if the numbers I am seeing are in line with industry standards.

The Current State of Bottleneck Management and What Companies Need to Do to Improve

ThroughPut

At best theoretical, the exercises helped me understand how better throughput was a prerequisite for additional output. Inventory as a liability and not an asset was a big epiphany for impacting cash flows. This was as true as in hydraulic fracturing in 2011 as it was in managing telecommunications finished goods inventories in 2019. Time: I would look at business flow metrics more closely, and clearly assess if the numbers I am seeing are in line with industry standards.

SCRC Student Project Lineup Off to a Great Start…

Supply Chain View from the Field

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations. In the latter portion of the class, students will be involved in a comprehensive supply chain computer simulation exercise.

Total Supplier Performance Evaluation: More than a Suite of KPIs

Logistics Bureau

However based on observations made in the course of our consulting work, many organisations perceive it as a purely remedial or punitive exercise. This in turn makes it easier to strengthen inventory management, cycle time optimisation and other elements of your supply chain.

S&OP, a vision for the future. The expert interview series #5

Supply Chain Trend

Many just get into a routine of constantly increasing precision of what they can control and understand ( IFRS / GAAP accounting and ERP systems that enforce these rules) but in miss accurate measurement of flow of production / inventories. Introduction.

S&OP 113

Collaboration at the Logistics Sharp End – Can It Work?

Logistics Bureau

In the manufacturer-distribution-retail chain, for instance, manufacturers should consider how inventory might be collocated with other companies shipping to the same retailers. Any company that thinks collaboration can work as a “throw it over the wall” exercise is likely to be disappointed.

3PL 52

12 Supply Chain Basics Your Company Must Get Right

Logistics Bureau

It’s not unusual for example, for companies to measure their supply chain performance only on the basis of financial metrics like supply chain cost per order. Inventory Management in the Warehouse.

Collaboration at the Logistics Sharp End – Can It Work?

Logistics Bureau

In the manufacturer-distribution-retail chain, for instance, manufacturers should consider how inventory might be collocated with other companies shipping to the same retailers. Any company that thinks collaboration can work as a “throw it over the wall” exercise is likely to be disappointed.

3PL 52

Case One Stop: Optimizing Macro Space to Access Store Space Quickly and Accurately

RELEX Solutions

Following a successful pilot exercise using RELEX’s space and assortment solution it was logical that the rest of the One Stop estate could benefit from macro space optimization. “We The data requirements are an important part of the project exercise,” Mervin Nugent said. “We