INDUSTRY INSIGHTS YOUR PEERS ARE READING
If you are a manufacturing company or distributor, you most likely are using a warehouse or distribution center to make sure you are able to store inventory, replinish store fronts, and easily send goods to customers or receive goods for manufacture or distribution. I will typically do some rough calculations by product group, and then put together some guidelines to apply to each product group. MORE
Think about an electronic workforce of process robots designed to count your inventory items in real time, on demand, with no mistakes made. and 18 months of effort given standard ERP development guidelines. MORE
This week, as reported by Reuters, California proposed making those voluntary guidelines mandatory in the state, “which industry officials [including Google and leading automakers] said could hobble their efforts in the home to much of self-driving vehicle testing and development.” MORE
Follow these guidelines today for resiliency, should a temporary economic decline hit. Rely on your internal finance team to analyze current inventory data and project earnings. It’s essential to get a clear picture of inventory. MORE
Warehouse optimisation improves workflow efficiency and supports optimal inventory control, productivity and performance. With more consumers shopping online, there is increased pressure on suppliers to grow and expand inventory stock¸ which in turn requires additional storage space. Standardised your workflows to ensure that all employees operate to the same guidelines in the most efficient way. Adopt lean inventory. Learn more about lean inventory. MORE
Create a set of rules and guidelines for managing both inbound and outbound freight. Keep customers informed of available inventory. MORE
And from the EU’s Good Distribution Practice guidelines to Brazil’s stringent serialization laws, regulatory compliance is only increasing. A key to that improvement is inventory visibility : “While healthcare supply chains have made gains, cost management is still a major pain point. In order to address this, healthcare logisticians see the most opportunity in optimizing their transportation costs and gaining better inventory visibility.”. MORE
You can automatically create a financial plan for any item, category or across the entire business for the next 52 weeks, including sales, purchases and inventory investments. Philosophers have only interpreted the world, in various ways. The point, however, is to change it. MORE
The Automotive Industry Action Group (AIAG) and Odette International are releasing the fifth version of the Materials Management Operations Guideline/Logistics Evaluation (MMOG/LE) assessment this summer. What is MMOG/LE? MORE
What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory control often starts with how to know the demand of particular product. MORE
It also stokes better supplier-carrier-customer relationships, reduces the need for excess inventory, improves reliability across the supply chain, and creates an atmosphere of accountability for all supply chain partners. MORE
Likewise, process guidelines can help suppliers comply with your company’s quality requirements. Without real-time data, companies often don’t have time to initiate plan B, resulting in issues such as out-of-stock inventory or late shipments to end consumers. MORE
In my last two posts, I talked about new inventory replenishment policies and why a network model makes so much sense. SMMt Ltd/Flickr. Note: This is an ongoing series of posts on new developments within the automobile supply chain, with examples of best practices. MORE
Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. He asserts, “Suppliers just need to figure out the best way to improve their supply chain and logistics so that they can hit a metric to improve the flow of inventory.”[5] MORE
These include: Process and Value Chain Mapping Inventory Traceability and Tracking Customer Communication Distribution Communication Operational and Manufacturing Communication Supplier Communication Quality and Safety Documentation Material Storage Process. MORE
Additionally, with the passage of the MAP-21 Act (Moving Ahead for Progress in the 21st Century Act), there were changes made in the hours of service guidelines that reduced the number of hours that could be driven by a trucker before he or she had to rest. MORE
ISO publishes guidelines for conformance to its standards. A company in need of lean manufacturing practices tends to be easy to identify, typically displaying multiple of the following symptoms of operational deficiency: Inventory amasses in buffer stocks. Inventory records, product specs, shipping documents contain errors. There are excess inventories of some materials and shortages of needed. Holding areas are maintained for excess inventory. MORE
Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. It’s easy to meet delivery expectations if you carry excess inventory, but it’s an expensive and impractical solution. MORE
RELEX will choose the best master’s thesis with a focus on retail and supply chain planning (forecasting, replenishment, seasons or promotions management, allocations, inventory management, category management or assortment management). For guidelines and further information, please download the competition information. RELEX is looking for the best Retail and Supply Chain Master’s Thesis submitted in a European university during the year 2019. MORE
What is vendor-managed inventory? VMI is the process whereby a supplier or vendor manages and replenishes inventory at a customer’s location at the levels required by the customer. The benefits of the vendor-managed inventory process include: Enhanced visibility for vendor. MORE
As the logistics process includes transportation and resources, the whole process also needs some other major activities like inventory management, procurement, warehousing, order fulfillment and distribution. MORE
Theoretically, a resilient supply chain can be built by creating redundancies such as holding extra inventory, maintaining just-in-case capacity, having many suppliers, etc. Organizations that follow guidelines are more agile and better positioned to embrace new paradigms. MORE
Aggregate data is completely visible so executives know exactly how much inventory they have. Following these five guidelines not only makes your organization more efficient, but can also increase revenues and reduce expenditures from purchase to payment. The successful music orchestra is a myriad of ensemble instruments working together to create beautiful music. MORE
A good WMS system has a number of other useful tools for managing orders, inventory, and shipments. Manage Inventory. Inventory is a vital component to your operation. How much inventory are you going to have on hand at a given time? It is a good idea to shoot for a low inventory and high velocity of materials in this business. You may carry certain stocks at different seasonal periods, or your inventory may be constantly changing due to market trends. MORE
The scope of end-to-end supply chain visibility must go beyond the status of orders, shipments, and inventory — it must also include having timely, accurate, and complete visibility to labor, safety, environmental, and legal practices across the entire supply chain. Intel also donated $250,000 to a fund to help smelters who want to meet the tech giant’s ethical guidelines but cannot afford to retrace their supply chains. How many slaves are in your supply chain? MORE
Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. MORE
Inventory levels can fluctuate with demand and keeping track of everything without the right inventory control can be a challenge. Look to implement a periodic inventory analysis to enhance your inventory control practices. Inventory analysis is a critical step that guides the decision-making process from business owners. Inventory analysis can streamline your product classification system, which will lead to smoother inventory control processes. MORE
The strict guidelines were implemented to help the company run leaner and be more exact with inventory levels. Unfortunately, most suppliers have been unable to meet the strict guidelines. The post Walmart Updates Supplier Guidelines, Again appeared first on Zipline Logistics. MORE
Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. MORE
Creating a robust scheduling process that adheres to the overall S&OP plan is essential to reducing inventory costs and excess waste. To support the S&OP process, the schedule must adhere to the S&OP guidelines. MORE
As Respond planning gets closer to real-time execution updates, supply chains become more stable because the inventory buffers dampen the variability, and they experience fewer unplanned disruptive changes. MORE
Meanwhile, e-commerce is driving better forecasting capabilities and enhancing inventory management, which translates into better optimization of freight, inventory management processes and packaging needs. Hours of Service Guidelines Are Evolving. Hours of service (HOS) guidelines are also changing for drivers. MORE
A number of comprehensive business process and supply chain specifications designed for the automotive industry are in use today, including the TS16949 standards (related to ISO 9001) and the AIAG Materials Management Operating Guidelines (MMOG). MORE
PO’s also form part of an organisations inventory control practices; they help to increase purchase efficiency and serve as a legally binding contract, enforcing the deal between purchaser and supplier. The first step is to develop best practice purchase ordering is to create written guidelines with clearly stated policies and practices for procurement staff to follow. Business Tips inventory control inventory management procurement purchase order MORE
Inventory shrinkage can create major problems for businesses because it can result in a loss of sales and profits. The 2016 National Security Survey revealed that inventory shrinkage costs businesses a staggering $45.2 To help combat this expensive problem, here are five proven ways to reduce inventory shrinkage by putting some simple processes in place. Over 35 per cent of inventory shrinkage is due to employee theft. Automate with inventory management software. MORE
As Respond planning gets closer to real-time execution updates, supply chains become more stable because the inventory buffers dampen the variability, and they experience fewer unplanned disruptive changes. MORE
The guideline here should be the company strategy. You don’t want to keep projects waiting, where distributors are typically carrying inventory of standard products. The 4 week and 6 week lead time for the B-product required carrying inventory. MORE
The most common concern supply chain management experts struggle with is accurately identifying the causes of inventory inconsistencies. If a discrepancy is identified when users pick an item or perform a count, an inventory correction needs to be performed. Categorizing your inventory. MORE
Zipline Logistics
APRIL 12, 2018
The strict guidelines were implemented to help the company run leaner and be more exact with inventory levels. Unfortunately, most suppliers have been unable to meet the strict guidelines. The post Walmart Updates Supplier Guidelines, Again appeared first on Zipline Logistics.
Supply Chain Opz
JUNE 23, 2014
Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations.
OptiProERP
MAY 19, 2019
The most common concern supply chain management experts struggle with is accurately identifying the causes of inventory inconsistencies. If a discrepancy is identified when users pick an item or perform a count, an inventory correction needs to be performed. Categorizing your inventory.
Kinaxis
FEBRUARY 22, 2018
What is vendor-managed inventory? VMI is the process whereby a supplier or vendor manages and replenishes inventory at a customer’s location at the levels required by the customer. The benefits of the vendor-managed inventory process include: Enhanced visibility for vendor.
Supply Chain Opz
MARCH 26, 2015
Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations.
Supply Chain Opz
MARCH 26, 2015
What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory control often starts with how to know the demand of particular product.
|
OneSCM
AUGUST 30, 2019
Follow these guidelines today for resiliency, should a temporary economic decline hit. Rely on your internal finance team to analyze current inventory data and project earnings. It’s essential to get a clear picture of inventory.
Unleashed
DECEMBER 9, 2018
Inventory levels can fluctuate with demand and keeping track of everything without the right inventory control can be a challenge. Look to implement a periodic inventory analysis to enhance your inventory control practices. Inventory analysis is a critical step that guides the decision-making process from business owners. Inventory analysis can streamline your product classification system, which will lead to smoother inventory control processes.
OneSCM
JULY 24, 2019
Aggregate data is completely visible so executives know exactly how much inventory they have. Following these five guidelines not only makes your organization more efficient, but can also increase revenues and reduce expenditures from purchase to payment. The successful music orchestra is a myriad of ensemble instruments working together to create beautiful music.
Cerasis
AUGUST 18, 2016
Meanwhile, e-commerce is driving better forecasting capabilities and enhancing inventory management, which translates into better optimization of freight, inventory management processes and packaging needs. Hours of Service Guidelines Are Evolving. Hours of service (HOS) guidelines are also changing for drivers.
Unleashed
JUNE 25, 2019
Warehouse optimisation improves workflow efficiency and supports optimal inventory control, productivity and performance. With more consumers shopping online, there is increased pressure on suppliers to grow and expand inventory stock¸ which in turn requires additional storage space. Standardised your workflows to ensure that all employees operate to the same guidelines in the most efficient way. Adopt lean inventory. Learn more about lean inventory.
|
The Network Effect
JUNE 25, 2014
Think about an electronic workforce of process robots designed to count your inventory items in real time, on demand, with no mistakes made. and 18 months of effort given standard ERP development guidelines.
Unleashed
SEPTEMBER 17, 2019
PO’s also form part of an organisations inventory control practices; they help to increase purchase efficiency and serve as a legally binding contract, enforcing the deal between purchaser and supplier. The first step is to develop best practice purchase ordering is to create written guidelines with clearly stated policies and practices for procurement staff to follow. Business Tips inventory control inventory management procurement purchase order
Cerasis
SEPTEMBER 24, 2018
Create a set of rules and guidelines for managing both inbound and outbound freight. Keep customers informed of available inventory.
The Network Effect
OCTOBER 3, 2014
A number of comprehensive business process and supply chain specifications designed for the automotive industry are in use today, including the TS16949 standards (related to ISO 9001) and the AIAG Materials Management Operating Guidelines (MMOG).
Cerasis
NOVEMBER 4, 2016
A good WMS system has a number of other useful tools for managing orders, inventory, and shipments. Manage Inventory. Inventory is a vital component to your operation. How much inventory are you going to have on hand at a given time? It is a good idea to shoot for a low inventory and high velocity of materials in this business. You may carry certain stocks at different seasonal periods, or your inventory may be constantly changing due to market trends.
Cerasis
JUNE 1, 2015
ISO publishes guidelines for conformance to its standards. A company in need of lean manufacturing practices tends to be easy to identify, typically displaying multiple of the following symptoms of operational deficiency: Inventory amasses in buffer stocks. Inventory records, product specs, shipping documents contain errors. There are excess inventories of some materials and shortages of needed. Holding areas are maintained for excess inventory.
Arkieva
MARCH 17, 2016
The guideline here should be the company strategy. You don’t want to keep projects waiting, where distributors are typically carrying inventory of standard products. The 4 week and 6 week lead time for the B-product required carrying inventory.
ToolsGroup
JULY 17, 2018
As Respond planning gets closer to real-time execution updates, supply chains become more stable because the inventory buffers dampen the variability, and they experience fewer unplanned disruptive changes.
DSI
FEBRUARY 17, 2016
And from the EU’s Good Distribution Practice guidelines to Brazil’s stringent serialization laws, regulatory compliance is only increasing. A key to that improvement is inventory visibility : “While healthcare supply chains have made gains, cost management is still a major pain point. In order to address this, healthcare logisticians see the most opportunity in optimizing their transportation costs and gaining better inventory visibility.”.
Abivin
MARCH 28, 2019
As the logistics process includes transportation and resources, the whole process also needs some other major activities like inventory management, procurement, warehousing, order fulfillment and distribution.
ToolsGroup
JULY 17, 2018
As Respond planning gets closer to real-time execution updates, supply chains become more stable because the inventory buffers dampen the variability, and they experience fewer unplanned disruptive changes.
Talking Logistics
MAY 29, 2018
It also stokes better supplier-carrier-customer relationships, reduces the need for excess inventory, improves reliability across the supply chain, and creates an atmosphere of accountability for all supply chain partners.
The Network Effect
APRIL 10, 2015
You can automatically create a financial plan for any item, category or across the entire business for the next 52 weeks, including sales, purchases and inventory investments. Philosophers have only interpreted the world, in various ways. The point, however, is to change it.
The Network Effect
JULY 24, 2015
In my last two posts, I talked about new inventory replenishment policies and why a network model makes so much sense. SMMt Ltd/Flickr. Note: This is an ongoing series of posts on new developments within the automobile supply chain, with examples of best practices.
QAD
MAY 16, 2019
The Automotive Industry Action Group (AIAG) and Odette International are releasing the fifth version of the Materials Management Operations Guideline/Logistics Evaluation (MMOG/LE) assessment this summer. What is MMOG/LE?
6 River Systems
JULY 9, 2019
Likewise, process guidelines can help suppliers comply with your company’s quality requirements. Without real-time data, companies often don’t have time to initiate plan B, resulting in issues such as out-of-stock inventory or late shipments to end consumers.
DynaSys
FEBRUARY 19, 2019
These include: Process and Value Chain Mapping Inventory Traceability and Tracking Customer Communication Distribution Communication Operational and Manufacturing Communication Supplier Communication Quality and Safety Documentation Material Storage Process.
Talking Logistics
OCTOBER 21, 2016
This week, as reported by Reuters, California proposed making those voluntary guidelines mandatory in the state, “which industry officials [including Google and leading automakers] said could hobble their efforts in the home to much of self-driving vehicle testing and development.”
QAD
MARCH 28, 2019
Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. It’s easy to meet delivery expectations if you carry excess inventory, but it’s an expensive and impractical solution.
RELEX Solutions
JUNE 28, 2019
RELEX will choose the best master’s thesis with a focus on retail and supply chain planning (forecasting, replenishment, seasons or promotions management, allocations, inventory management, category management or assortment management). For guidelines and further information, please download the competition information. RELEX is looking for the best Retail and Supply Chain Master’s Thesis submitted in a European university during the year 2019.
Logility
NOVEMBER 14, 2016
Theoretically, a resilient supply chain can be built by creating redundancies such as holding extra inventory, maintaining just-in-case capacity, having many suppliers, etc. Organizations that follow guidelines are more agile and better positioned to embrace new paradigms.
Shipchain
AUGUST 24, 2018
Additionally, with the passage of the MAP-21 Act (Moving Ahead for Progress in the 21st Century Act), there were changes made in the hours of service guidelines that reduced the number of hours that could be driven by a trucker before he or she had to rest.
Talking Logistics
JANUARY 25, 2016
The scope of end-to-end supply chain visibility must go beyond the status of orders, shipments, and inventory — it must also include having timely, accurate, and complete visibility to labor, safety, environmental, and legal practices across the entire supply chain. Intel also donated $250,000 to a fund to help smelters who want to meet the tech giant’s ethical guidelines but cannot afford to retrace their supply chains. How many slaves are in your supply chain?
Enterra Insights
APRIL 22, 2019
Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. He asserts, “Suppliers just need to figure out the best way to improve their supply chain and logistics so that they can hit a metric to improve the flow of inventory.”[5]
Cerasis
DECEMBER 8, 2015
If you are a manufacturing company or distributor, you most likely are using a warehouse or distribution center to make sure you are able to store inventory, replinish store fronts, and easily send goods to customers or receive goods for manufacture or distribution. I will typically do some rough calculations by product group, and then put together some guidelines to apply to each product group.
Arkieva
MARCH 17, 2017
Creating a robust scheduling process that adheres to the overall S&OP plan is essential to reducing inventory costs and excess waste. To support the S&OP process, the schedule must adhere to the S&OP guidelines.
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