Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

With supply chain planning software you can automate the achievement of service levels, even under changing constraints resulting from major disruptions. As COVID-19 continues its malevolent spread around the world, concerns grow regarding the continued impact on supply chains and business continuity. Commonly companies will use a “firefighting” response in times of supply chain disruption in order to meet service levels.

Keeping It Local: How Shorter Supply Chains Impact Supply Chain Planning

ToolsGroup

After decades of longer and more global supply chains, some are becoming shorter and more localized. This trend has important implications to supply chain planning. Contracting Supply Chains. . A recent special report by The Economist says that while most people assume that shrinking supply chains are caused by political factors such as tariffs, in fact there are deeper long-term trends at play.

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Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

You can’t scan the headlines without coming across an article or advertisement about sustainability, but there is precious little information about how supply chain planning software supports green initiatives. I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability.

[INFOGRAPHIC] Supply Chain Planning: 4 Essential Year End Questions to Ask Yourself

Cerasis

Editor's Note: This guest contribution the Cerasis blog comes from our friends over at Fronetics an inbound and content marketing company who specializes in marketing for companies with a keen value adding business model for those in the supply chain and logistics industries. We loved this post because as we get towards the end of the year many companies are conducting supply chain planning for 2016 (did I just type that?! Minding Freight Bill Audits.

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

With the introduction of digital supply chains, the industry is moving into an era arguably on par with the industrial revolution. To deliver business transformation, the gap between company goals and digital supply chain strategy needs to close. As supply chain complexity and competition escalate, so do related manufacturing challenges. Excess and obsolete inventory. Blog demand planning Featured inventory optimization supply chain planning

Is Inventory Waste or an Asset?

Supply Chain Shaman

Next week is the annual Supply Chain Insights Global Summit , and summit preparation is on my agenda for the weekend. In the preparation phase for the summit, I schedule planning calls with the speakers. This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. We feel so strongly about this that we do not have an inventory planning role.” Inventory is both.

How to Make Supply Chain Complexity Work to Your Advantage

ToolsGroup

With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. So what’s the secret of making supply chain uncertainty work for you? This invariably leads to extra freight costs and excess and obsolete inventory that either needs to be written off or sold at a heavy discount.

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What Value Are You Getting From Planning?

Supply Chain Shaman

In the 1990s supply chain planning was over-hyped. The growth of the supply chain planning technology market disappointed investors resulting in consolidation and the decline of best-of-breed solutions. In parallel, Enterprise Resource Planning(ERP) providers introduced a new hype cycle. Termed ERP II by Gartner, the concept of integrated planning with tightly coupled ERP to Advanced Planning Systems (APS) could drive higher value.

Is Inventory Optimization a Key to Omnichannel Survival?

ToolsGroup

Bob Ferrari of Supply Chain Matters recently pointed to The Sports Authority bankruptcy as one indication. Industry analysts have pointed out an obvious fit with inventory optimization. If retailers optimize their inventory—dynamically aligning their supply chains to changing customer preferences and behavior—they can position inventory to satisfy demand at the lowest possible cost. Inventory Optimization Multichannel

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

Kinaxis

Food for thought: Time for a different kind of supply chain. Continued economic growth, customer preferences (especially those of the millennial generation), the rise of ecommerce and the Amazon channel, increased product choices and newer product categories in the marketplace are all driving the need for efficient and effective supply chain networks to support customer demand. What is vendor-managed inventory? Better transportation planning.

Optimizing Inventory Management for Online Retail

RELEX Solutions

While traditional inventory limits may not apply to many online retailers, they still need to make smart, data-driven decisions about what to stock if they want to attract and retain a loyal customer base. E-commerce inventory management should never be approached as a one-time or even as a periodic decision. Online retailers should be applying the wealth of data available to them toward a fact- and cost-based inventory model. Supply Chain Planning

How can you prepare your supply chain for disruptions?

DELMIA Quintiq

The labor dispute caused freight bottlenecks. Companies using West Coast ports had to spend additional millions to cover extra inventory costs and shipping delays. Labor disputes, bad weather, and IT outages are just some examples of disruptions that could affect an otherwise well-designed supply chain. What you need is a supply chain that is designed to be resilient in the face of disruptions. But what makes a supply chain resilient?

This Week in Logistics News (August 19-23, 2013)

Talking Logistics

I went to Home Depot earlier this week to return a purchase, and the customer in front of me wanted to exchange a defective power tool with the same model, but he couldn’t find any on the shelf even though the store’s inventory system said 5 units were in stock. For all the talk about Big Data, omni-channel fulfillment, and other sexy technology, at the end of the day, bad data (and in many cases, store-level execution) remains the Achilles heel of supply chain management.

5 ways ERP improves inventory visibility in your supply chain

OptiProERP

Inventory visibility is one of the critical aspects of any manufacturing business. It helps organizations understand how much inventory is available, at what location , and at any given point of time. To ensure inventory visibility, you should have access to view, manage, and update your inventory status from trusted software. What Improved Inventory Visibility does. Forecasting will then be sharper and distribution will be planned better.

A Case Study in Closed-Loop Operational Management

Talking Logistics

As I’ve said before, the biggest challenge facing supply chain and logistics executives today is not managing change, because that’s always been the norm in supply chain management, but managing the rapid pace of change. Smarter means taking a truly holistic perspective across the supply chain, across functional groups and trading partners, and across strategic, tactical, and operational planning horizons.

Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. This and much more, in your Monday supply chain briefing from Arkieva. Supply Chain News. Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. Supply Chain Strategy.

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. SCM systems deliver the visibility, insights, and capabilities you need to create your own intelligent supply chain.

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Preparing Your Business for the Digital Supply Chain

Oracle SCM

By Mike Mortson , CEO, Supply Chain Game Changer. Supply chain professionals are hiking their spending on supply chain innovation—substantially. Ninety-five percent said they plan to spend more this year than last, and 60 percent will spend more than $1 million over the next two years on disruptive technologies such as robotics, automation, predictive analytics, artificial intelligence, and the Internet of Things (IoT).

Time to turn around inventory falls by two days says new report

EFT

Customer demands for faster and faster service are having an effect across the supply chain finds eyefortransport’s new D3 2019 report. The median time for retailers to move returns back to inventory ready for resale has fallen from 2017 to 2018, from a median of seven days down to five days. Increasingly retailers and manufacturers are looking at building distribution capabilities into more and more facilities and the sharing of inventory and fulfilment engines.

QAD Adaptive ERP 2019 Boosts Operational Efficiency and User Productivity

QAD

Building on our March 2019 release, the QAD Enterprise Asset Management user experience has been further enhanced, particularly focused on purchasing and inventory aspects. The ability to identify and react to exceptions in a timely manner is critical to maintain customer satisfaction and avoid premium freight charges. QAD Manufacturing has boosted user productivity with the Adaptive UX in the areas of planning, quality and inventory.

Transportation Innovation For a Future-Proof Supply Chain

PINC

Supply chain experts and software leaders converge to discuss the current transportation environment and provide valuable tips on what companies should be doing now to get ready for what’s coming next. . What happens when you bring supply chain software leaders, a Berkeley professor, and a top Gartner researcher together in one “virtual” room to talk about the current and future state of the world’s supply chains? Strengthening Supply Chains.

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working. Let’s learn and apply it to supply chain management.

Key Ingredients to Formulating a Winning Supply Chain Strategy in the Process Chemical Industry

Logility

Process manufacturers face a highly complex supply chain challenge. Ensuring finished products meet the exacting tolerances of customers and regulating agencies requires superior planning. Add to these factors such as razor-thin margins, SKU-proliferation, globalization, and products that tend to be heavy, bulky and/or expensive to move and it quickly becomes apparent why process manufacturing supply chains are very challenging.

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

The new CEO embarked on several cost reduction initiatives in conjunction with a number of changes (some may argue too fast and too soon) on how the company operates its freight-trains. This has led to increased costs, not to mention all the inventory stuck in-transit. However, did you know there are enough lead time problems lurking in your current supply chain operations that go completely unnoticed? appeared first on The 21st Century Supply Chain.

Seven Strategic Components for a Proactive Process Chemical Supply Chain

Logility

Process chemical manufacturers face complex supply chain challenges including dealing with hazardous and perishable ingredients whose characteristics (potency, color, composition, etc.) Adjusting formulas based on available ingredients and ensuring finished products meet the exacting tolerances of customers and regulating agencies requires flexibility and superior planning capabilities. Accurate demand forecasts lay the foundation for an effective supply chain.

Blockchain & Supply Chain Visibility: Will Blockchain Finally Eliminate Supply Chain Black Swans?

Cerasis

Supply chain risk is at the forefront of supply chain executives’ minds. Proper risk management can help supply chains navigate the complexities of post-hurricane recovery and increase productivity. Unfortunately, not all supply chain leaders take the time to consider what may happen and how it will adversely affect productivity and the flow of products. Supply chain black swans occur without warning, and recovery can last months.

5 Ways to React to Supply Chain Disruptions in the Food and Beverage Industry

Halo

When a Black Swan hits, having the right advanced analytics to react to supply chain disruptions is your company's best defense. Demand Planning. Inventory and freight optimization. Halo Blog Supply Chain Analytics

Visibility, Analytics & Intelligence: Get full transparency on your supply chain, not just in times of crisis!

SupplyOn

SupplyOn Analytics links internal and external information – thus ensuring visibility and a robust, crisis-proof supply chain Planning, purchasing, logistics and transport management are traditionally separate processes, typically located in different departments. The aim was to make better use of the information from the different internal and external IT systems in order to meet the challenges of a digital supply chain.

Operational Analytics and A Modern Data Hub Help Suppliers Meet Walmart’s OTIF Standards

Silvon Software

Increased Supply Chain Complexities Make OTIF Difficult. Additional supply chain pressures are raising the risks for OTIF. As a result, demand forecasting miscalculations, raw materials and finished goods inventory shortages, manufacturing interruptions and transportation delays can wreak havoc on their ability to meet OTIF standards. Companies have invested millions in technology in attempts to optimize the supply chain forces that drive OTIF.

Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

Accessibility — The ability of a carrier to provide service for a freight order. Accessorial Charges — Fees added to a freight bill for additional services that the carrier might provide. Advanced Planning and Scheduling (APS) — Critical supply chain planning that also accounts for production schedules. Typically, it accounts for the planning of demand, production, distribution, and transportation. Freight Bill — The invoice for a carrier shipment.

Writing: Working on My Book

Supply Chain Shaman

Supply Chain Leader. I loved the quote that I captured today in my interview (see above), and I have enjoyed interviews with supply chain leaders like Peter Gibbons. As background, Peter Gibbons is the Executive Vice President, Global Supply Chain for Mattel, Inc. He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering.

Why investors are looking at supply chain technologies in 2020

Requis

Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. Investors, like the public, have woken up to the fact that supply chains are the engine driving economic prosperity. Supply chain, it seems, is ripe for disruption.

Improve Supply Chain Processes During Peak Shopping Seasons

Veridian Solutions

What does it take to improve supply chain processes? Increased order fulfillment, improved customer satisfaction, validating order details and contents before packaging, automating repetitive processes , and other factors can significantly improve supply chain processes. Supply chain leaders need to approach the issue from a holistic perspective. Common Weaknesses in Peak Season Supply Chain Processes.

The end of just-in-time?

EFT

Toyoda cut down on excess inventory, with components and spares only ordered when needed and kept in low numbers within the factories. Keep upstream suppliers on short notice to produce inventory as needed and watch the profits grow. Those upstream suppliers had to be as flawless as the just-in-time production facility, providing inventory or raw materials on time, every time. COVID-19 disruptions made it difficult for them to manage their supply chains.”.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks.

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