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What is SKU? A complete guide to Stock Keeping Units

Unleashed

UPCs are 12-digit numbers assigned by a group called the GS1, and stay with the product for its entire shelf life no matter where in the world it is bought or sold. Other useful SKU metrics. Orders filled completely / number of customer orders shipped X 100.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. This is number 15 in a series that looks critically, industry by industry, to understand relative improvement of peer groups on the Effective Frontier.

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Wanted: Supply Chain Architects!

Supply Chain Shaman

Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. The focus in supply chain groups was not on how to design the operations so that they were more effective; instead it was about the use of best practices to maximize the value of what we had. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together.

Food Trends That Could Have an Impact in 2021

Zipline Logistics

Gen Z will emerge as the largest consumer group, commanding “$29 to $143 billion” in direct spending, according to an article in Forbes. Those cutting-edge technologies are enabling companies to create personalized nutrition plans for users based on biological metrics.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

By contrast, the third-party logistics model is where a manufacturer retains oversight of its supply chain but outsources such processes as warehousing, shipping, packing, and distribution to a 3PL provider.

This Week in Logistics News (January 28 – February 1, 2019)

Talking Logistics

Robinson Reports 2018 Fourth Quarter and Full-Year Results TPG Capital to sell Transporeon Group to Hg BluJay Hires Andrew Kirkwood as Chief Executive Officer Tool Company Claims IPS Worldwide ‘Misappropriated’ Millions (WSJ – sub. req’d) How Blockchain Could Benefit Levi’s Worker Well-Being Initiative (Sourcing Journal) Companies Plan for Tariffs, More Paperwork in Case of ‘No-Deal’ Brexit (WSJ – sub.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. (As

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. I was at a customer last week that shipped to distributors and did not know the site of customer facilities. The focus is on functional metrics, but are unable to get to overall supply chain metrics. Groups rally around the concept of real-time. Here I smile, and I hope that groups take pause.).

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Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

To accomplish this goal, I ask a cross-functional group to audit the past year. As a group, we drill into root issues. ” Or alternatively, “Is there data that could be sourced to help?” Most companies cannot get to data by customer on orders shipped incomplete to understand root cause analysis. Many times useful data exists in marketing or sales groups, but is not shared with the supply chain team. Ask the group what is possible?

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Source ID. It will allow for the automation of more complex warehousing tasks, such as unloading shipping containers and picking packets or individual e-commerce orders. Source ID. At automaker BMW Group, for instance, plant employees can walk up to seven miles per day. To eliminate some of this traveling BMW’s R&D group developed a Personal Mover solution—a one-person means of transport for covering short distances within an operating site.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. Møller Mærsk Group.

2020 Requires Big Wings and Feet

Supply Chain Shaman

The discussions are with groups of executives—often ex-management consultants. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. Examples include first pass yield, schedule adherence, hands-free orders, orders shipped complete, and minimization of waste.

Building the Business Case for Supply Chain Risk Management

Cerasis

On the other hand, only 8 percent of companies that were rated by their executives as less than significantly above average on supply chain-related metrics have the same performance. In 2017, the top three risks for supply chain management were categorized into three groups: War, terrorism and other geopolitical issues Natural disasters affecting supplier facilities Data security/IT incidents.

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. To meet the criteria for The Supply Chains to Admire for 2016, companies needed to score better than their peer group average for performance metrics, while driving a higher level of improvement than 2/3 of their industry peer group. We first calculate The Supply Chain Index to measure supply chain improvement for an industry peer group.

E2open Holds User Forum on New On-time In-Full (OTIF) Package

E2open

Effective February 2017, Walmart is requiring its suppliers to meet either a same-day or two-day shipping window instead of its previous four-day window and has upped its required compliance rate from 90% to 95% (Source: Walmart’s new on-time delivery standards may create supply chain challenges for its suppliers ). E2open has already partnered with customers to develop a capability to accommodate these new on-time in-full (OTIF) metrics.

E2open Holds User Forum on New On-time In-Full (OTIF) Package

E2open

Effective February 2017, Walmart is requiring its suppliers to meet either a same-day or two-day shipping window instead of its previous four-day window, and has upped its required compliance rate from 90% to 95% (Source: Walmart’s new on-time delivery standards may create supply chain challenges for its suppliers ). E2open has already partnered with customers to develop a capability to accommodate these new on-time in-full (OTIF) metrics.

E2open Holds User Forum on New On-time In-Full (OTIF) Package

E2open

Effective February 2017, Walmart is requiring its suppliers to meet either a same-day or two-day shipping window instead of its previous four-day window, and has upped its required compliance rate from 90% to 95% (Source: Walmart’s new on-time delivery standards may create supply chain challenges for its suppliers ). E2open has already partnered with customers to develop a capability to accommodate these new on-time in-full (OTIF) metrics.

Say Customer Service and Mean It

Supply Chain Shaman

The organization is not clear on accepting special requests and expedited shipping policies, often resulting in a lower margin. Many of my clients talk about a customer-centric supply chain but rely on useless metrics from an annual survey or a net promoter score.

Top 25 Supply Chains of 2018

Material Handling and Logistics

One of the most popular articles we’ve ever done is our look at analyst group Gartner’s annual ranking of the Top 25 Supply Chains. So the CSR score too is more of a popularity contest than a consistent metric. Source ID. Source ID. Source ID. Source ID. In particular, the company has been criticized for its long-time practice of using local water sources for its products. Source ID. Source ID. Source ID. Source ID.

7 Easy Steps to Create an Inbound Vendor Routing Guide

Cerasis

Unlike the heart, however, your routing guide needs to be continually updated to reflect the most relevant changes in carrier preferences, stipulations for compliance violations and detailed instructions on how to handle different shipping circumstances. Volume and weight should be classified appropriately into one of four groups, including the following: 1 to 150 pounds or small package. An inbound vendor routing guide is comparable the beating heart of your operation.

[WHITE PAPER] 4 Strategic Considerations when Considering Offshoring Parts of your Supply Chain

Cerasis

In fact, our friends over at the Rodon Group, with whom we’ve started an ongoing blog collaboration, starting with this post and more to come, have written a White Paper entitled, “ Hidden Risks and Costs in an Offshore Supply Chain.” In this new white paper from The Rodon Group, they’ll examine three strategic areas to include in your supplier selection process: Cost, Scheduling, and Compliance.

Welcome Puff, The Magic Dragon, to Your Team

Supply Chain Shaman

Pirate ships would lower their flag when puff roared out his name oh. The product development group advocated a long-tail supply chain strategy with many combinations of color, packaging sizes, and artwork. These included cloud-based computing, in-memory processing, parallel computation, and open-source analytics. Open Source Analytics: A set of languages, techniques and tactics to enable parallel processing, schema on read, and data insights. Open Source analytics.

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The Sensing + Intelligent + Social Supply Chain: How can you achieve it?

Kinaxis

I outlined how decisions made by one functional group often have a ripple effect on other departments. Adding automated integration of data from multiple sources, sites, regions and countries allows planners to accelerate decision making without having to wait. Having a supply chain management software solution that can accomplish this means one that can bring all supply chain data elements from any source into a single place for convenient, easy, instant access.

How do you streamline planning for tomorrow’s supply chain?

Kinaxis

A network planner would have ultimate responsibility for supply chain performance and would oversee all aspects of the supply chain from demand and distribution to detailed component supply for a group of products (a family or region or both). Those basic tasks really do need to be done; accepting new orders, releasing orders, sourcing decisions and supplier collaboration just to name a few. Allowing the selection of an alternate if the primary source is overloaded….again

Guest Commentary: P.O. Management Programs – Know Pain, Know Gain!

Talking Logistics

Diffuse resistance by inviting stakeholders from internal groups to become part of the solution as early as possible. Your stakeholders can: Align sourcing, purchasing, logistics, and I.T. Sourcing uses P.O. performance metrics to influence vendor behavior and impact sourcing choices. Thanks to route optimization, order speed from vendor ship date to DC delivery aligns with demand.

How to Build Better Supply Chain Finance Goals With Analytics

Turvo

Unfortunately, the data of the past is not always the best source for action today. History lessons may be great for business school students to ponder in case study groups. Provide supply chain partners with KPIs and metrics to help them improve service levels and better meet your expectations. These metrics go a long way in the financial planning of your business, not to mention customer service levels.

How Machine Learning Is Redefining Supply Chain Management

IQMS

Source: Machine Learning – A Giant Leap for Supply Chain Forecasting, Material Handling and Logistics Conference (PDF, 28 pp., Source: Machine Learning & AI in Transport and Logistics, Frank Salliau & Sven Verstrepen Logistics Meets Innovation Vlerick Brussels – Nov. Source: DHL, Artificial Intelligence in Logistics, 2018 (PDF, 45 pp., The machine learning algorithms in IBM’s Watson platform were able to determine if a shipping container and.or

Five Causes of Analysis Paralysis You Can Avoid

TMC

It’s a common pitfall at a time when the number of data sources and data points seem to be growing exponentially. The data is not aligned with the specific needs of the functional group. For example, the shipping department needs to monitor metrics such as on time delivery and cycle times, but procurement relies on a different mix of measures. It’s easy to get bogged down in streams of data generated by inappropriate metrics.

Five Causes of Analysis Paralysis You Can Avoid

TMC

It’s a common pitfall at a time when the number of data sources and data points seem to be growing exponentially. The data is not aligned with the specific needs of the functional group. For example, the Shipping Department needs to monitor metrics such as on time delivery and cycle times, but Procurement relies on a different mix of measures. It’s easy to get bogged down in streams of data generated by inappropriate metrics.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Source: Dictionary.com. Spinnaker Management Group asked me to co-present on a demand-driven webinar with SanDisk. The supply chain is vertically integrated and global shipping almost 2 million units daily. Implement customer-centric policies to maximize $/GB shipped while effectively balancing service levels and inventory levels. Platitude: a flat, dull, or trite remark, especially one uttered as if it were fresh or profound.

Ecommerce Venture Capital Trends: Which VCs & Seed Investors are Investing in Ecommerce?

ShipBob

Product sourcing. Product sourcing is the process of purchasing or creating products that you can sell. Others win because they create a brand voice and community that belong to a group of customers who have been historically underserved. What sounds like a lot of money? million.

6 Common Supply Chain Mistakes and How to Resolve Them

AFFLINK

The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. A group purchasing organization typically finds that it spends 80 percent of its budget on their top 20 suppliers, and they also organize other resources such as time by spend. Supply chains that rely on a single source are now more likely to experience disruptions.

We Need Supply Chain Immunity, not Resiliency: A Position Paper

NC State SCRC

After all, supply chain management is about getting things moving, and that applies not only to roads, airports, and ships, but to how we think about getting things to people. In March, a group of us in academia and government began working with the various national supply chain task forces responding to COVID-19. Our small group is banding together to draft an initial framework for public policymakers to consider and will be submitted for review this summer.

50 expert warehouse optimization tips and techniques

6 River Systems

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. Where is your picking operation located with respect to shipping and product storage? “The overall amount of time it takes for raw materials or parts to make their way through your warehouse and onto store shelves is another key metric in determining your success as a warehouse supervisor.

This Week in Logistics News (January 7-11, 2019)

Talking Logistics

Robinson, Descartes Systems Group, and MercuryGate. Finds a Faulty Shipping Safety Net for Brexit (WSJ – sub. Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, 2018. Did you make any New Year’s Resolutions for 2019? Are you’re still looking for a personal challenge this year?