DELMIA Quintiq

OCTOBER 25, 2015

To meet consumers’ increasing appetite for choice, Fast Moving Consumer Goods (FMCG) manufacturers develop a huge amount of Stock Keeping Units (SKUs). This has a direct impact on packaging manufacturers who now need to find ways to cope with more diverse demand. The packaging industry is one of intense competition, so individual manufacturers have to keep up. Some have not moved from batch-and-queue to continuous flow production yet.

Packaging 190

Packaging Manufacturing How To KPI 190

DELMIA Quintiq

APRIL 30, 2020

In the face of the COVID-19 crisis, production and planning processes have become subject to a level of stress unprecedented in recent history. Many manufacturers depend on impacted networks for their supplies and the strain on planning organizations is jeopardizing business continuity. What are some of the ways that manufacturers might improve their resilience, to address the crisis today and also to prepare for the recovery and the future?

Industrial 168

Industrial Industry How To Aerospace 168

Cerasis

MARCH 23, 2016

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? Let's first talk about first setting the stage, then give you practical practices and tactics to achieve a sustainable lean culture, and then provide core key performance indicators (KPIs) to track your progress. Lean is a challenge to implement.

Lean 182

Lean Sustainability Manufacturing How To 182

ToolsGroup

APRIL 12, 2019

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. When you break it down, Jeff Bezos figured out how to do three seemingly contradictory things at once: deliver exceptional service levels, at the lowest cost possible, and manage complexity. Blog Inventory Optimization Supply Chain Planning Featured

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How To Supply Chain Forecasting Policies 191

6 River Systems

JULY 30, 2020

Managing warehouse inventory, on its face, seems a simple concept: Keep enough stock on hand to fulfill orders, but not so much stock that your warehouse is filled to the brim with inventory that won’t move for months (or years).

Inventory Management 79

Inventory Management Los Angeles Inventory How To 79

Kinaxis

MARCH 19, 2019

by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced. Further investigation reveals that external forces—controllable forces—exert influence upon the system, skewing data to a point at which it becomes unreliable.

Inventory Management 197

Inventory Management Inventory Training Data 197

ToolsGroup

SEPTEMBER 9, 2020

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

Forecasting 156

Forecasting Inventory Exercises Trends 156

Kinaxis

MARCH 28, 2019

by Richard Cushing To improve supply chain management and to maximize the return on inventory investment, it’s imperative to understand the supply chain dimensions that help define how your inventory is consumed. So, in our example, 12-gauge 4-foot by 10-foot sheets (ItemID = 12GA-48X120 ) of metal are consumed in nearly 30 percent of all manufacturing BOMs. However, there is another important factor to consider.

Supply Chain 169

Supply Chain How To Manufacturing Inventory 169

Supply Chain Game Changer

SEPTEMBER 3, 2020

Subscribe to Supply Chain Game Changer. Optimize Reverse Logistics article and permission to publish here provided by Raanan Cohen at bringg.com. If you think reverse logistics isn’t relevant to your business, think again. How can you optimize reverse logistics?

Reverse Logistics 56

Reverse Logistics How To Logistics Retail 56

OneSCM

APRIL 3, 2019

How to Make the Most of Your Supply Chain Software. We recently sat down with Joe Harris, Product Manager at OneSCM, regarding the ways to make the most of your OneSCM supply chain software. Blockchain Support – OneSCM has been modified to write Smart Contracts on the Ethereum blockchain to support two use cases: Cold Chain Tracking and Serialization. A: Here are the most common questions: “How does your solution automate Supplier Management?”

Software 177

Software How To Supply Chain Metrics 177

IQMS

JANUARY 9, 2020

Bottom Line: 2020 manufacturing trends are driven by manufacturers’ strong confidence in their ability to deliver high-quality products that earn repeat orders while delivering excellent customer experiences. Running lean and struggling to find the employees they need to keep up the pace of production across their shop floors, small and mid-tier manufacturers are prioritizing Inventory Control and Scheduling to make themselves as efficient as possible.

Manufacturing 63

Manufacturing Trends Lean Predictive Analytics 63

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. Inventory is the culmination of many business decisions. The Inventory Management Journey.

Inventory 325

Inventory Inventory Management Arizona Florida 325

Supply Chain Game Changer

JULY 30, 2020

Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Inventory Shrinkage article and permission to publish here provided by Jake Rheude at redstagfulfillment.com. The best way to explain inventory shrinkage is an example.

Inventory 63

Inventory Third Party Logistics Training Security 63

Kinaxis

JULY 26, 2019

Ontario residents, brewers and unions complained on social media after a June update to the Liquor Control Board of Ontario’s (LCBO) warehouse management software left alcohol in warehouses instead of on store shelves. Here are three lessons to keep in mind before updating your supply chain planning software: Lesson one: Don’t make major changes to your supply chain software during your peak season. Read now: 5 steps to supply change management success ].

Software 147

Software How To Supply Chain Education 147

The Network Effect

MAY 4, 2015

Demand Sensing can import demand data on an hourly rather than a batch or daily basis, immediately sensing demand signal changes as compared to a detailed statistical demand pattern, and then evaluates the statistical significance of the change. Advanced statistical analytics identify and rapidly react to replenishment issues or sudden changes in customer demand. However take care not to misinterpret the data. Nic McPhee/Flickr.

Data 184

Data How To DC Predictive Analytics 184

ToolsGroup

JUNE 19, 2018

Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. These companies struggle to meet service level requirements while respecting financial impacts, and have almost no chance to do it optimally. Much of inventory is a hedge against uncertainty. Lead time from order to receipt.

Inventory 171

Inventory Supply Chain Study Tools 171

ShipBob

DECEMBER 18, 2019

The upcoming Chinese New Year is on January 25, 2020, but the holiday shutdown can affect production times at China’s manufacturing companies for as long as two months as many workers travel back to rural villages to celebrate with friends and family. For those of us who rely on shipping and manufacturing businesses, the Chinese New Year shutdown is an event that we need to be aware of (and prepared for) in advance to avoid delays that could be catastrophic to our businesses.

South Korea 83

South Korea Vietnam North Korea Brunei 83

Cerasis

SEPTEMBER 21, 2018

eCommerce is growing faster than ever, and everyone is working to find the latest and greatest way to overcome their competitors. The application of supply chain technology is essential to maintaining a competitive advantage in the height of eCommerce growth. Warehouse Managers need to understand the challenges of maintaining a competitive advantage, how technology can help, and a few best practices in leveraging technology. Lower inventory carrying costs.

Supply Chain Technology 212

Supply Chain Technology How To Supply Chain Transportation Management 212

USC Consulting Group

APRIL 1, 2020

Sales, Inventory & Operations Planning (SIOP) is a dynamic process in which the company’s operating plan is updated on a regular monthly or more frequent basis. The plans take into account projections made by the sales and marketing departments, the resources available from manufacturing, engineering, purchasing, and finance, and are directed toward hitting the company’s objectives. To whom do we sell (markets, customers)? Understanding How to Operate.

Guidelines 49

Guidelines Inventory Customer Service Meeting 49

DELMIA Quintiq

MAY 5, 2020

A manufacturer’s operations are constantly exposed to the risk of inconsistent supply. Upheavals in one country can heavily impact manufacturers worldwide, too. Manufacturers realized that they had no backup plans for the production of components critical to their operations. Nine years later, many supply chains have still not realized the dream of connecting effectively with their partners to collaborate and make better decisions.

Manufacturing 160

Manufacturing Forecasting Japan Resources 160

Unleashed

OCTOBER 21, 2020

Manufacturing waste is something business owners often overlook, yet left unchecked, it can cost a business a significant amount of money. From transportation waste, inventory waste, defective products and more, waste can accrue in a range of areas across the company.

Manufacturing 52

Manufacturing Quality Lean How To 52

Unleashed

MAY 19, 2020

billion by 2024, according to Business Wire. Knocked back just 7% in sales volumes during the height of 2020 lockdowns, according to Unleashed Software’s own data, the beer industry overall has shown remarkable resilience – for somewhat obvious reasons – and appears likely to continue its expansion. We’ll also break down the specific details of what it takes to build and grow a successful craft brewery business. Areas to seek expert input.

New Zealand 52

New Zealand Portland Oregon Case Study 52

ToolsGroup

JUNE 11, 2019

With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. It’s about learning to transition from long-held inventory systems and processes, having new conversations across logistics and sales, and the shifting role of supply chain planners. This article will share five things you need to know about optimizing inventory in the digital age.

Inventory 203

Inventory Forecasting Tools Inventory Management 203

EazyStock

FEBRUARY 7, 2020

Inventory Management, Business Growth & Expanding Product Portfolios. At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. Three common causes for this are: Complex supply chains as businesses rely on a vast network of manufacturers, distributors and retailers. Expanding product portfolios due to business growth and as customers demand more choice.

Policies 40

Policies Inventory Software Examples 40

Kinaxis

MARCH 25, 2015

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ The authors, Anandhi Narayanan, Senior Manager, Advanced Customer Solutions, Charles Thomas, Director, IT Customer Solutions, Stacey Greene, Director of Inventory Optimization and Robert Rejano, Processes and Applications Advisor, all with Celestica, describe the critical steps needed to drive inventory performance improvements.

Inventory 195

Inventory Case Study Demand Planning Forecasting 195

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. Keep it Simple : It’s important to not over complicate things.

Global 216

Global How To Los Angeles Lean 216

EMERGE App

FEBRUARY 18, 2020

How do I calculate wholesale prices?’ ’ has become a major question for wholesale business entrepreneurs, or people switching from retail to wholesale businesses. Sellers get confused about whether to set the price according to the competitor’s price. How much profit should be there? The key is to make sure that the profit margin is kept in consideration as well as meeting customers’ demands for a satisfactory price.

Retail 64

Retail How To Manufacturing Examples 64

Kinaxis

JUNE 15, 2015

by Andrew Dunbar So you’re an inventory manager, and your CFO just asked you to reduce inventory by 10% before year end to free up some capital for next year’s big investment in R&D. At first glance, it’s not so bad; you’ve got nine months to do it. But then you look at historical trends and see that lately, your inventory has been growing by 3% each quarter. Suddenly, you need to be about 20% below your current year end plan!

Inventory Management 207

Inventory Management Inventory Policies Customer Service 207

Rootstock

SEPTEMBER 5, 2017

Days before the solar eclipse of 2017 it became nearly impossible to purchase the special glasses needed to safely observe the event. People rushing from store to store in a frenzy trying to locate the last available pair of glasses, found the stores had just not planned well… they had nothing left. It got so bad that some stores reported customers coming to blows as they fought over the remaining items.

Internet of things 40

Internet of things Report Inventory How To 40

EMERGE App

APRIL 20, 2020

They act as an intermediate party between manufacturers and retailers. If you plan to start a wholesale venture, and you execute it right, then my friend you are in for some great profit margins! Once you decide the product that you will be wholesaling, you have to find the perfect supplier. You must keep your best interests in mind and select the best alternative according to it. Quality of product, shipping timings and so on vary according to your choice of supplier.

Quality 46

Quality Policies Shipping Manufacturing 46

Logility

JANUARY 22, 2019

Planners need to contend with inconsistent consumer buying behavior, the need to satisfy multiple channels, complex sourcing options and proliferating “sub-seasons,” collections and assortments. These are just a few of the challenges apparel manufacturers and retailers must overcome to operate at peak performance and compete in today’s dynamic market. Here is a four-step approach to help you jumpstart your supply chain results.

Apparel 109

Apparel How To Forecasting Sourcing 109

Cerasis

FEBRUARY 8, 2016

To log, track and trace everything’, your vision of a better manufacturing floor. Here’s how you can improve manufacturing floor data collection, long-term. A key component of any manufacturing process is data collection. Your ability to track stock levels, keeps tabs on shipping dates and monitor costs are essential to any smooth running manufacturing plant. Improving Manufacturing Floor Data Collection.

Data 191

Data Manufacturing How To Case Study 191

ToolsGroup

JUNE 19, 2018

Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. These companies struggle to meet service level requirements while respecting financial impacts, and have almost no chance to do it optimally. Much of inventory is a hedge against uncertainty. Lead time from order to receipt.

Inventory 120

Inventory Supply Chain Study Tools 120

Supply Chain Opz

DECEMBER 1, 2014

Over the years, supply chain professionals have been trying to improve supply chain efficiency so they can gain an edge over the competitions. Companies seeking to further improve their supply chain efficiency will have to continue fighting their old foe – variability – albeit in a set of new clothes. One emerging way to combat demand variability is to locate (some) manufacturing closer to the customer.

How To 196

How To Big Data Supply Chain Sourcing 196

DELMIA Quintiq

OCTOBER 28, 2014

This increases the urgency for 3PLs to leverage on the best market trends to increase logistics flexibility. This is due to the diversification in the production schemes of manufacturers. On the other hand, there is always the demand to deliver on the highest level of quality possible. So, a lot of manufacturers require 3PLs to agree to service levels that are challenging for large operations. How would that impact their current operations?

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How To 3PL Third Party Logistics Africa 206