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Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. I was moving from the world of manufacturing to a new world of software. The technology world moves at a quicker pace than the world of manufacturing and distribution. The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study.

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

ToolsGroup

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. Smart inventory planning cranks up manufacturing efficiency.

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

PINC

The global pandemic has thrown manufacturers, distributors, and retailers into a mode that most have never experienced before. live/drop, type of inventory, type of equipment, load status, etc.). Major Beverage Manufacturing company.

31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

Cerasis

Many off-shore manufacturers have returned to the U.S., And, according to a Boston Consulting Group (BCG) study, 54% of companies with above one billion in revenues are now considering reshoring. Those changes, along with high costs of transporting materials and finished goods to and from overseas locations, make the value of reshoring likely to become a compelling financial reality for many manufacturers. Transportation and freight costs are reduced.

Manufacturing Gains From Machine Learning

IQMS

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Bottom line: Machine learning algorithms, applications, and platforms are helping manufacturers find new business models, fine-tune product quality, and optimize manufacturing operations to the shop floor level. New products are proliferating in manufacturing today, and delivery windows are tightening.

RFID and IoT Providing Double Benefits for Automotive Manufacturers

Cerasis

RFID, which usually comes in the form of a miniscule chip that utilizes radio waves in the identification and tracking of specific people, objects, tools or vehicles, offers a number of benefits to the manufacturing industry in general. This technology is able to bolster supply chain and inventory management by using a digital database of raw materials, finished goods, and current production cycles. RFID and IoT Providing Double Benefits for Automotive Manufacturers.

What challenges must today’s automotive manufacturers overcome?

DELMIA Quintiq

Some of the most innovative developments currently being delivered by automotive manufacturers include new drive technologies, autonomous driving and connected cars. The assembly line sets the pace in automotive manufacturing. Coupled with high storage costs and limited containers to transport products at any one time, balancing stock inventories at the perfect minimum level is a tricky business. Automotive Manufacturing

HCL Tech signs global alliance agreement with JDA Software Group

Supply Chain Network

From IIFL: “HCL Technologies, a leading global IT services provider, announced today that it has signed a global alliance agreement with the JDA Software Group, Inc, leader in supply chain management. This announcement expands HCL’s existing relationship with JDA thereby extending HCL’s offerings in professional services for industries such as retail, manufacturing, CPG and life sciences for the Americas and the Europe.

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on. Gaining end-to-end visibility across your transportation processes delivers: $32.00 Time Slot Management reduces mean lead time and variation, which reduces inventory levels.

A Global Shift for Manufacturers: Industries with Increased Demand

USC Consulting Group

However, with manufacturers and supply chains across the world reeling with the ongoing problems the pandemic has presented, we are seeing a definite shift in the ways business is conducted. Manufacturing. As a result, manufacturers are shifting to domestic sources.

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. Improved technologies now provide the ability to optimize truckloads simultaneously with inventory using pull policies. Typical measurements include inventory turns, truck utilization, and premium freight reduction.

3 Things Your Transportation Management System May Lack

LeanCor

Before our recent webinar, “Transportation Management: Driving improvements in cost, quality, sales, and delivery,” we conducted a transportation bench-marking assessment to discover industry trends and areas of opportunity in transportation management. Participants were then grouped into specific performance levels depending on their total points for the categories of People, Process, and Technology. transportation cost).

Digital logistics: how manufacturing companies can profit

DELMIA Quintiq

He used the example of a joint project with a customer, a leading worldwide manufacturer of plastic packaging, to drive his message across. Of course, the customer’s management hoped the improved planning would have a positive influence on success-relevant factors, such as inventories, set-up times, the amount of overtime, delivery performance and delivery service. By grouping work orders, the machinery was used more effectively. Transport & Logistics

Transportation in 2019 and Beyond: Key Factors Impacting Supply and Demand

Talking Logistics

As we begin 2019, what are the key lessons learned from last year, and what trends and factors should shippers keep an eye on to make sure they’re able to respond effectively to whatever happens in the transportation market in the weeks and months ahead? A “new normal” in transportation? A strong economy in late 2017 through to late 2018 drove demand to outstrip supply for transportation across truckload, LTL and intermodal, with shippers shopping across modes to cover loads.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

This includes the final customers or groups of businesses. From a manufacturing perspective, logistics management software facilitates effective planning of the supply chain itself and implementation of the final delivery to the end consumers. With the help of a sound Logistics Management Software, manufacturers can effectively manage the multifaceted process involved right from the production cycle to the delivery of raw materials to shipping the finished products to the consumers.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

This includes the final customers or groups of businesses. From a manufacturing perspective, logistics management software facilitates effective planning of the supply chain itself and implementation of the final delivery to the end consumers. With the help of a sound Logistics Management Software, manufacturers can effectively manage the multifaceted process involved right from the production cycle to the delivery of raw materials to shipping the finished products to the consumers.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

This includes the final customers or groups of businesses. From a manufacturing perspective, logistics management software facilitates effective planning of the supply chain itself and implementation of the final delivery to the end consumers. With the help of a sound Logistics Management Software, manufacturers can effectively manage the multifaceted process involved right from the production cycle to the delivery of raw materials to shipping the finished products to the consumers.

Multi-Echelon Inventory Optimization and Network Design - Differences?

Logility

Any time you want to optimize across an enterprise, whether it is inventory or product flows, you need to represent a logical representation of the supply chain. Arcs can be process flows, transportation lanes, modes of transportation, product flows, or bill of material links. You could say it really depends on ‘what neighborhood they grew up in’ Some solutions were designed to optimize transportation problems.

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. Source: Machine Learning & AI in Transport and Logistics, Frank Salliau & Sven Verstrepen Logistics Meets Innovation Vlerick Brussels – Nov. The manufacturing industry leads all others in the volume of data it produces on a yearly basis.

Multi-Echelon Inventory Optimization and Network Design - Differences?

Logility

Any time you want to optimize across an enterprise, whether it is inventory or product flows, you need to represent a logical representation of the supply chain. Arcs can be process flows, transportation lanes, modes of transportation, product flows, or bill of material links. You could say it really depends on ‘what neighborhood they grew up in’ Some solutions were designed to optimize transportation problems.

Do You Have a Proactive Supply Chain Design or a Reactive One?

Talking Logistics

Factors like global trade and a customization trend in manufacturing have altered the “straight shot” supply chain forever. Thankfully, digitization of inventory and technology like real-time shipment tracking from 3PLs are taking the pinch out of switching for these companies. Inventory age optimization, which pinpoints the risks of products aging out, perishing, or becoming otherwise unsalable through stagnation.

This Week in Logistics News (September 3-7, 2018)

Talking Logistics

Here I am doing my standard Talking Logistics intro through one of my favorite filters: How awesome would it be to discuss blockchain or the capacity crunch in transportation using this filter for an entire episode? Lanehub Adds Backhaul Assist to Collaborative Transportation Network.

Countering the Bullwhip Effect in a COVID-19 World

PINC

A distribution channel phenomenon in which inaccurate forecasts quickly turn into supply chain inefficiencies, the “bullwhip effect” refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. Suffering a glut in “green” cars at the time, Volvo’s sales and marketing developed a program to move its excess inventory.

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

Groups throw-out concepts. While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. Contract manufacturing or 3PL data often will have a 24-hour latency due to batch integration. When they built the project, they did not realize that they did not have access to daily data daily for their third-party warehouses and contract manufacturing locations. Groups rally around the concept of real-time.

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Delivery: A New Moment of Truth

Talking Logistics

Author’s Note: The following is an excerpt of what I presented recently in a webinar organized by Descartes Systems Group (a Talking Logistics sponsor) focused on “ Delivery – The Moment of Truth.” Simply put, supply chain and distribution networks, which were originally designed to flow truckloads of products from large distribution centers to stores, are becoming outdated in this new market where speed of delivery and inventory reduction are paramount.

How to Make Supply Chain Complexity Work to Your Advantage

ToolsGroup

Too many companies get locked into traditional processes and a familiar vicious cycle: unable to reliably forecast an increasing number of SKU combinations, they load up on inventory to accommodate long-tail, erratic demand. 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. achieving the same overall customer service level objective with far less inventory expense.

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[INFOGRAPHIC] Effective Supply Chain Management In Manufacturing Key to Revival of Industry in U.S.

Cerasis

Supply chain management in manufacturing is by no means a simple process, but the United States is learning from past mistakes and they're poised to start playing a little catch-up in the manufacturing world due to their expertise. There are 230,000 small manufacturing companies in the United States alone, according to a new Infographic from The National Institute of Standards and Technology’s Hollings Manufacturing Extension Partnership (MEP) Manufacturing Innovation Blog.

[INFOGRAPHIC] Digital Disruption: Closing the Connectivity Gap in Manufacturing with Digital Operations

Cerasis

A global marketplace is emerging that represents a huge opportunity for manufacturing. But the market is segmented, demanding specialization that will be tough for traditional manufacturers to handle. Technology and Manufacturing: It is a Part of the Cerasis DNA & How we Empower our Manufacturing Shippers. Our technology department in Tulsa is comprised of several developers who solve our customers’ transportation management needs.

20 Manufacturers Describe ERP Software Benefits in their Own Words

Cerasis

Editor’s Note: Today we are featuring this guest post from Find Accounting Software as it covers a subject we are also interested in, Manufacturing Technology which makes businesses more efficient. As a 3PL who offers a transportation management system we’ve integrated to many ERP software, we view the use of technology as an enablement tool for shippers to cut out unneeded waste and thus add more to the bottom line by saving money from such efficiency.

[INFOGRAPHIC] Industry 4.0: Powered by the Internet of Things & Digital Manufacturing

Cerasis

At Cerasis, a core value of ours is continuous improvement for not only our company, our clients, and employees, but through our blog and content to those who are related to what we do (transportation management) in the fields of manufacturing, supply chain, logistics, distribution, and transportation. Freight shippers are now more efficient thanks to technology, such as transportation management systems. The Internet of Things will Power Digital Manufacturing.

Innovations that drive business decisions forward

DELMIA Quintiq

Covering wide ground on manufacturing. At the manufacturing track, the speakers covered various topics on production optimization, from constraint-based planning to analytic adoption to an insightful firsthand account of Quintiq’s business operations-supporting capability. Dr. Edwin Lohmann , Business Unit Director for Quintiq’s Workforce group in North America, detailed the challenges businesses face when it comes to managing their employees on the day of operations.

10 Ways IoT Can Improve Supply Chains

IQMS

By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services. Blockchain shows potential for increasing the speed, scale, and visibility of supply chains, eliminating counterfeit-goods transactions while also improving batching, routing and inventory control. The graphic below illustrates how digital twins streamline additive manufacturing.

Reflections on Hard Hats and Safety Shoes…

Supply Chain Shaman

Manufacturing teams used to manage the supply chain group. Today, in most organizations, the supply chain team manages manufacturing. The irony is that fewer and fewer people within the supply chain team understand manufacturing. As I work with teams to envision the new tomorrow, I find fewer people know the basic concepts of manufacturing planning–cycle inventories, freeze duration, slush period, bottlenecks and constraints.

Florence Et Al.

Supply Chain Shaman

Each state has a rich manufacturing economy. Thirty percent of companies have supplier development groups. It is now closed at the start of a busy shipping season as companies prepare for holiday inventory builds. Transportation will become more variable; and even scarce.

What is the FMSCA’s Unified Registration System (URS) And What is the Impact on Transportation & Logistics Management?

Cerasis

Effective transportation management can be a hassle. Transportation managers must keep up with the ship dates of inventory, where inventory is currently located in the transportation process, what insurance information is being used and appropriated for each shipment, and many more factors. Let's take a look at what this rule does, why it’s going into a fact, how it will affect the existing fleets, and its implications for the future of transportation.

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