Remove Food Remove Inventory Remove Manufacturing Remove Metrics

Traceability In Food & Beverage Manufacturing is The Cornerstone of Quality

IQMS

Compliance and quality are the foundations all great food & beverage manufacturers rely on to create and strengthen trust with their distribution networks and customers. Traceability Is Key To Excelling At Compliance And Quality for Food & Beverage Manufacturing Companies. Traceability for food & beverage manufacturers isn’t optional anymore.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022. The report also mentions that the global growth rate is almost double that of the US food industry. Food for thought: Time for a different kind of supply chain. What is vendor-managed inventory? The vendor is usually the supplier, a manufacturer or a distributor.

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

How to calculate safety stock – with formulas and examples

Unleashed

Ideally, once a safety stock figure is set for each product, an inventory management system such as Unleashed is used to manage stock within ideal levels. The reorder point is the level of stock at which you ought to reorder more stock (or components, in the case of manufacturers).

What to Look for in a Food Distribution Warehouse Provider

Kanban Logistics

Makers of food products, however, have a host of safety and regulatory requirements to contend with that make selecting the right 3PL even more crucial. In this article, we’ll examine the many things you’ll need to look for in a food distribution warehouse provider to not only optimize your operations – but do so safely as well. A big part of most food logistics operations involves temperature and climate control. Food Safety Plan. Food import services.

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Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. What is inventory revaluation?

Measuring Up?

Supply Chain Shaman

The average manufacturing company’s supply chain organization is 15 years old. The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. We find that companies can improve one, but not two of the metrics. Inventory Turns.

Using Analytics to Manage Inventory

Silvon Software

It’s true that inventory management is a challenge for both manufacturers and distributors. For example, excess inventory can cause a decrease in product turnover and a loss of profits, while stock-outs can cause backorders, unhappy customers and lost sales. Optimizing inventory can ensure that the right product is available in the right quantities, at the right time and the right locations, to meet supply and demand. Inventory Surplus.

One Man’s Trash: How Blockchain Can Target Food Waste to Help End World Hunger

Material Handling and Logistics

According to the United Nations, one in nine people today—or 815 million globally—lack access to the food necessary to lead a healthy lifestyle. Every year, one third of the food produced in the world for human consumption—or 1.3 billion metric tons—gets lost or wasted. What’s more, net food losses in developed countries (222 million metric tons) equate to nearly all of the food produced in Sub-Saharan Africa yearly (223 million metric tons).

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Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

My journey to understand supply chain Metrics That Matter started three years ago. When I sat down to write the book, Bricks Matter, I believed that companies had used supply chain technologies to reduce operating margin and improve inventory turns. We are currently mapping the progress of all public manufacturing, distribution and retail companies on three factors: Strength: Year-over-year improvement on operating margin and inventory turns for the past six years.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. What is inventory revaluation?

How Supply Chain Efficiency Can Cut Costs for Food Ingredient Shippers

Zipline Logistics

Controlling costs in the supply chain is an excellent way for businesses in any sector to find increased profitability, but it is especially true for food ingredient shippers. An effective supply chain strategy that controls costs is crucial because margins for ingredient manufacturers are typically thin. Pragmatic analysis can uncover opportunities to make improvements that can help control inventory and manage costs.

Food Recalls and WMS: Benefits of Recall Functionality in a Warehouse Execution System

Veridian Solutions

The threat of food-borne illness marred the 2018 Thanksgiving holiday. Two days before the day of thanks, the Centers for Disease Control and Prevention (CDC) issued a food safety alert advising people to avoid all types of romaine lettuce due to an E. Before problems arise, companies must properly select and implement the right systems in order to manage food recalls, including warehouse management system (WMS) and potentially warehouse execution system (WES).

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Food Recalls and WMS: Benefits of Recall Functionality in a Warehouse Execution System

Veridian Solutions

The threat of food-borne illness marred the 2018 Thanksgiving holiday. Two days before the day of thanks, the Centers for Disease Control and Prevention (CDC) issued a food safety alert advising people to avoid all types of romaine lettuce due to an E. Before problems arise, companies must properly select and implement the right systems in order to manage food recalls, including warehouse management system (WMS) and potentially warehouse execution system (WES).

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How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Gaining greater contextual intelligence using machine learning combined with related technologies across supply chain operations translates into lower inventory and operations costs and quicker response times to customers.

Why I No Longer Believe in the Gartner Supply Chain Top 25

Supply Chain Shaman

The research tries to establish “ who did supply chain best ” by looking at a weighted formula of Year-over-Year Growth, Return on Assets (ROA), and Inventory Turns for the Fortune 500 companies. Inventory Turns values are based on an average of quarterly reporting for the past year. The AMR Top 25 was the first methodology that tried to connect financial metrics with supply chain excellence. See how different the progress is on this metric by industry?

History Repeats Itself Without Supply Chain Leadership

Supply Chain Shaman

I started to work at General Foods’ largest plant in Dover, DE, in the summer of 1982 at the age of 24. Frank, the line manager for manufacturing, dominated the meetings. Tom, the colorful warehouse manager, constantly heckled Frank for the increasing inventory levels while Ed, the quiet material/logistics manager, constantly questioned if there was a better way. Strong manufacturing organizations do not make the most effective manufacturers.

Smart Sensors and the IIoT Improve Manufacturing Efficiency

Cerasis

as well as the Industrial Internet of Things , manufacturers are using technology to enhance their operations in ways they never before thought possible to get manufacturing efficiency. The IIoT has already proven itself as a highly effective tool in the manufacturing sector, and we've only seen the beginning of what this technology is really capable of achieving. A System of Smart Labels and Sensors To Enhance Manufacturing Efficiency.

Novo Nordisk: A Story of a Supply Chain Leader

Supply Chain Shaman

Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance of BMS and Merck at the Intersection of Inventory Turns and Operating Margin. Orbit Chart for Novo Nordisk at the Intersection of Operating Margin and Inventory Turns for the period of 2006-2015. As shown in Table 1, based on continued improvement initiatives, the Novo Nordisk company outperforms their peer group in all areas except inventory turns.

Data-driven decision making in beer manufacturing [expert Q&A]

Unleashed

Craft breweries have particular inventory and accounting needs. How did you become involved in the beer manufacturing industry? So that showed me there was an opening in the market for a service where these beer manufacturers could have access to a higher-level skill-set, but not on a full-time basis. Because if you have a brewpub you’re going to expect revenues and financial metrics that are really akin to a restaurant. Brewery Inventory Turnover.

New Bookends: The Tale of Supply Chain Global Leaders in Consumer Products

Supply Chain Shaman

Overall Results on the Supply Chain Metrics That Matter. In the last five years, consumer products and food/beverage leaders faced different challenges. Overall, in the industry, there is more forward momentum in consumer products sector than the food/beverage peer groups. These giants drove slight improvements in operating margin, inventory turns and Return on Invested Capital (ROIC) despite a slowing economy. Definition.

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How Microsoft & ThroughPut are helping Global Manufacturers increase Output during the COVID-19 Pandemic, and how every Operations Professional can help

ThroughPut

Automotive manufacturers are remobilizing to produce ventilators. In fact, in the last 6 weeks alone, I have personally been to the front lines of Yokohama, Milan, New York, and San Francisco , working alongside some of the world’s most professionally-committed food manufacturing & distribution, plastics manufacturing, and industrial operations personnel. It’s on manufacturers now to not let humanity down on its critical needs. So, manufacturers, assemble!

Renegade Riposte

Supply Chain Shaman

The more that I work on supply chain metrics, the more that I believe that both the SCOR model and the Gartner Hierarchy of Supply Chain Metrics (which I worked on for the period of 2006-2010) reward functional, not end-to-end supply chain behavior. I responded, by saying that I believe that the SCOR model and the Gartner Hierarchy of Metrics reward functional behavior and improve functional outcomes. What CEO does not like the concept of reducing inventory?

Sage Advice? Only for Turkeys.

Supply Chain Shaman

While companies have increased Revenue per Employee across the healthcare value chain, the Days of Inventory have increased for suppliers, and there is a shift in power to the healthcare provider. I also see that we are not decreasing the total inventory levels in the network or accelerating time to value. When I evaluate companies at an enterprise level, I see that growth has flattened, inventories are growing and we are losing operating margin.

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Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

In its simplest form, fourth-party logistics is a model in which manufacturers hand over the entirety of the organisation and oversight of their supply chain to a 4PL provider. the digitisation of manufacturing.

What does ‘on-time, in-full’ (OTIF) mean in the consumer sector?

PINC

and Trading Partner Alliance outline some of the key considerations that should go into developing and using the on-time and in-full delivery metric. To fill these gaps, a growing number of companies operating in the consumer sector have adopted the “on-time in-full” (OTIF) delivery metric.

The Story Continues…. Let’s Don’t Sugar Coat the Real Issue

Supply Chain Shaman

There is a need to re-shore where possible, and relocate manufacturing and supplier relationships. With the rise of the global multi-national, Asian flows are essential to today’s manufacturing operations. Today, this is not a valid assumption, and most manufacturers lack the inventory buffers for inconsistent flows. On March 16th-18th, I will be on a book tour in Europe discussing the concepts of Supply Chain Metrics That Matter.

Who Should Be In The Winner’s Circle?

Supply Chain Shaman

Only 29% of manufacturers easily manage total cost trade-offs. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs.

Do Supply Chain Planning systems generate any value?

Kinaxis

I was on a call last week with a large company in the food and beverage space that has spent $100s of millions, and many years, on an ERP deployment. The issue is that none of their IT investments in the last 10 years have moved the needle on operational metrics such as inventory levels, case fill rates, and other operational metrics. by Trevor Miles I have been in the advanced planning and scheduling (APS) space since 1995 when I joined i2 Technologies in Europe.

Equation and Unleashed help Golden Goose achieve full visibility over their bottom line

Unleashed

We’ve been a Partner since 2011, working with manufacturers, distributors, wholesalers and retailers in NZ and Australia. They needed a tool to track their stock levels, report on key metrics and manage all the processes within their business — which at that point were held in Jo’s husband’s head. Golden Goose is the parent company of Howler Hotdogs — one of the country’s largest manufacturers of hotdogs (not American hotdogs, but battered sausages on a stick).

Doing Business in Belgium

QAD

Manufacturing in Belgium. Typical manufacturing products made in Belgium include engineering and metal products, automobile assemblies, transportation equipment, scientific and precision instruments, chemicals, pharmaceuticals, textiles, glass, petroleum and food and beverages. Manufacturing accounts for about 22 percent of the GDP. Supply Chain Infrastructure for Manufacturing. billion metric tons of goods in 2015.

Is Your Supply Chain Ready for Social Media-Fueled Demand Volatility?

ToolsGroup

That means there are many companies out there struggling to make sense of constantly shifting demand data and to make smart inventory optimization decisions. There are all sorts of data to tap into, such as social sentiment, point-of-sale (POS), inventory, on-shelf availability and more.

Supply Chains to Admire: 2016 Results

Supply Chain Shaman

We determine which companies have driven higher levels of improvement (based on Supply Chain Index calculations) and shareholder value (as defined by Price to Tangible Book Value) while outperforming their peer group on growth, operating margin, inventory turns and Return on Invested Capital (ROIC). Check out their performance by plotting year-over-year metrics at the intersection of two ratios and look at the patterns. Five months of analysis. Lots of heated debates.

Supply Chains to Admire – 2016 Results

Supply Chain Insights

We determine which companies have driven higher levels of improvement (based on Supply Chain Index calculations) and shareholder value (as defined by Price to Tangible Book Value) while outperforming their peer group on growth, operating margin, inventory turns and Return on Invested Capital (ROIC). Check out their performance by plotting year-over-year metrics at the intersection of two ratios and look at the patterns. Five months of analysis. Lots of heated debates.

How Supply Chain Will be Affected by Hurricane Harvey

Material Handling & Logistics

The Institute for Supply Management conducted a special survey that asked members to assess how Harvey might impact six key business metrics and whether they may be impacted by shortages of input materials due to Harvey. "Our The manufacturing PMI and non-manufacturing NMI summarize supply managers’ reports as to how their organizations fared in the past month with regard to a set of key business metrics. Most Impacted Metrics. Moderately Impacted Metrics.