Why It Matters

Supply Chain Shaman

Over the last five years, I have helped two companies, Sonoco Products and Owens Illinois (OI) with their selection of technologies to improve Sales and Operations (S&OP) planning. Owens Illinois provides glass products and Sonoco Products provides flexible packaging. Six years ago, Owens Illinois’ primary question was IT standardization versus the choice of best-of-breed vendor. Owens Illinois (OI), a $6.3

Pet Food Experts Selects HIMPACT by Herlitz Inventory Management

Herlitz Inventory Management

Pet Food Experts Selects HIMPACT by Herlitz Inventory Management to Manage Daily Forecasting and Purchasing Solutions for its 4,500 Retail Partners in 34 States. During that search, it received a referral from a current Herlitz Inventory Management client who shared the value of HIMPACT.

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What is Inventory Management?

EMERGE App

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this. Nowadays it refers to inventory management software because computational power is needed to effortlessly calculate, for example, landed costs for purchases and CBM for your packing lists.

3 Benefits of Donating Your Unsellable Inventory to giveNkind

ShipBob

In October 2018, ShipBob announced its partnership with giveNkind , a Chicago-based nonprofit organization that matches unwanted inventory with nonprofits. This partnership has allowed ShipBob merchants an opportunity to easily donate returned, canceled, or surplus inventory for those in need. As of today, brands who store inventory with ShipBob have donated a total of $790,743.96 3 benefits of donating unsellable inventory to giveNkind. Ecommerce Tips Inventory

Ooh, Scary Stuff, Kids. Tales from the Supply Chain Crypt.

Kinaxis

The reason: Illinois produces about 90% of sugar pumpkins each year. But when Mother Nature (in the form of heavy rains) hit Illinois hard, half of the crop was wiped out. Fortunately, Libby’s, which has an estimated 80% of the canned pumpkin market, had enough canned inventory to make it through Thanksgiving. Maintaining two inventory streams, including a Wal-Mart dedicated one, was costly for suppliers.

Lora Cecere Asks: Why Do People Question the Value of S&OP?

Logility

To understand the value of S&OP, let’s contrast Keith’s performance to one of his competitors Owens Illinois. The two companies’ results on operating margin and inventory turns are shown in figure 1. Comparison of Owens Illinois Versus Sonoco Products for the Period of 2000-2012. Owens Illinois is investing 3X more in R&D than Sonoco Products; yet Sonoco products had 5X greater growth with 1/2 the inventory. Owens Illinois, Inc. (OI)

Lora Cecere Asks: Why Do People Question the Value of S&OP?

Logility

To understand the value of S&OP, let’s contrast Keith’s performance to one of his competitors Owens Illinois. The two companies’ results on operating margin and inventory turns are shown in figure 1. Comparison of Owens Illinois Versus Sonoco Products for the Period of 2000-2012. Owens Illinois is investing 3X more in R&D than Sonoco Products; yet Sonoco products had 5X greater growth with 1/2 the inventory. Owens Illinois, Inc. (OI)

4 Steps to Redesign Your Warehouse Space in 2016

RFgen

As a company designs its inventory storage space in 2016, it should use automated data collection solutions to try new ideas and find the best possible system for warehouse management and storage. Remove Dead Inventory. Inventory Management Warehouse Management

3 Uses of IoT Tech Spurring Sustainability in Supply Chains

GlobalTranz

Tire giant Pirelli has attached sensors to its inventory that allow it to see where its tires are located and get an accurate idea of how many and what kinds of new units need to be produced. He graduated from the University of Illinois in 2011 with a degree in Biochemistry and will be attending DePaul University this fall to participate in an Urban Planning and Design program. The Internet has already transformed the way individuals interact, make choices, and process information.

The Trucking Industry In The COVID-19 Era

Shipchain

This is especially noteworthy as some of the most heavily-affected states (think California, New York, Illinois, and Washington) are notorious for their traffic congestion. Professional truck drivers are currently facing a surging demand like none other.

Chuck Intrieri Executive Profile

The Logistics of Logistics

Chuck Intrieri is a: Certified Value Engineer (VE), Certified Purchasing Manager (CPM), Certified Production and Inventory Control Manager (CPIM), and is Lean Certified all of which attests to his deep understanding of operations and logistics beyond the confines of the purchasing function. Evolve Dental Technologies, Inc, Virtu USA, and many other large and medium sized companies in Illinois, Michigan, Arizona and Orange County, CA.

Experts Choice Of Top Online Logistics Resources

Freightos

Online marketing enthusiast and an inventory and supply chain optimization devotee, David covers both ends of the supply chain at his Supply Chain Inventory & Supply Chain Optimization blog. Professor Bruce Hartman teaches logistics at the University of St Francis in Illinois. The Experts’ Choice of the Top Online Logistics Resources. Intro Email Newsletters News Sites Social Media Influencers Blogs Unexpected Places.

How will U.S. Ban on Microbeads Affect CPG Manufacturing

RFgen

Consumers may not take to certain merchandise or old solutions for inventory management and shipping may not work with certain items that need specialized handling. Illinois was the first in an attempt to keep microbeads out of the great lakes.

ScottsMiracle-Gro Improves Distribution System in Sustainability and Customer Service

Supply Chain Network

Improve inventory turns at retail by reducing fertilizer order minimums. ScottsMiracle-Gro currently has warehouses connected to operations for the co-distribution of fertilizer with growing media products at 16 locations in Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Michigan, Missouri, Ohio, South Carolina, Texas, Virginia and Wisconsin. A new 100,000-sq. warehouse will be added to The Scotts Miracle-Gro Company’s operation in Lebanon, Conn.

Jason Schenker’s Views on 2014 Economic Events

Supply Chain View from the Field

Credit ratings for states like California and Illinois are at A, and muni rates have gone down in many states. Metals such as copper and tin could go up significantly, but nickel is the shale gas of the metals market – and inventories just keep going up, which means more downside risk. Jason Schenker from Prestige Economics provided some insights into where we are headed in the global economy at the SCRC meeting today.

Resilient and Cost Efficient Supply Chains

Operations and Supply Chain Management

The most obvious steps to protect against serious supply chain disruptions – increasing inventory, adding capacity at different sites, using multiple suppliers – “undermine efforts to improve supply chain efficiency,” Northwestern University Kellogg School of Management Professor Sunil Chopra and City University of London Cass Business School Professor ManMohan S. They can normally be covered by good supply chain management practices, such as having the right inventory in the right place.”

Consultant Insight: Mixed results from Memphis and Louisville express hubs

Logistics Trends and Insights

January was the strongest month, up 11.6%, probably due to after-holiday returns and inventory replenishment. According to FedEx CEO Fred Smith, the company is flying more direct flights into Illinois, Arkansas, and Alaska. (Originally published in Air Cargo World ).

Rates Drift Down for Vans and Reefers in Mid-July Slump

DAT Solutions

Illinois (1.7). And reefer rates get a bump from back-to-school inventory build-up at supermarkets. Arkansas is always a good bet, but there are a lot more reefer loads available in Texas , California and Illinois. Illinois (3.4). National average van rates are sliding, but they’re still a few cents above the June average, so the typical mid-July slump isn’t as bad for some truckers as it was in previous years.

Activant Anticipates More Virtual Collaboration in B2B Distribution

Supply Chain Network

Activant’s systems are designed to help customers increase sales, boost productivity, operate more cost-efficiently, improve inventory turns and enhance trading partner relationships. Headquartered in Livermore, California, Activant has operations in Texas, Colorado, Illinois, Massachusetts, Pennsylvania, South Carolina, Canada, Ireland and the United Kingdom. Activant Solutions Inc.,

Stacey Huddleston | Receivables Financing — What You Need To Know

4WL Consulting

Prior to his time in sales, Stacey served in the US Army and graduated from Illinois State University and Baker University where he earned his MBA. Stacey is a US Army veteran and a graduate from the Illinois State University and Baker University where he earned his MBA.

Stacey Huddleston | Receivables Financing — What You Need To Know

4WL Consulting

Prior to his time in sales, Stacey served in the US Army and graduated from Illinois State University and Baker University where he earned his MBA. Stacey is a US Army veteran and a graduate from the Illinois State University and Baker University where he earned his MBA.

Nursing Hospital and Healthcare Supply Into a New Age

Logistics Bureau

Vendor-managed Inventory. While this form of inventory management may not totally transform a healthcare supply chain, many healthcare providers have turned to VMI as a way to improve service and cost performance. Vendors’ own employees take responsibility for checking inventory levels, ordering materials as necessary, and directly replenishing inventories within individual care units. Order and receive inventory in low units of measure wherever possible.

Metal in the Macaroni? The Importance of Asset Management in Manufacturing

RFgen

On one hand, there’s the need for inventory management to ensure there’s not an overabundance of products that can lead to spoilage and to avoid short supplies, leading to missing revenue opportunities.

[INFOGRAPHIC] AI Technologies: The Role of Humans & The Application in Logistics

GlobalTranz

We’re still very far from programs with common sense — AI technologies that can answer comprehension questions with the skill of a child of 8,” study co-author Robert Sloan, a computer scientist at the University of Illinois at Chicago, said in a statement.

Top 10 Cities for eCommerce Fulfillment

FLEXE

Chicago, Illinois. With inventory closer to customers, they can shorten delivery times and offer one- or same-day shipping on certain products to improve conversion rates and reduce shopping cart abandonment. YOU MIGHT ALSO BE INTERESTED IN: News: Forbes “Uber Your Supply Chain” News: Wall Street Journal “FLEXE to Offer Next-Day Delivery for Online Retailers” Blog: Fulfillment, Network Expansion, and the Implications of Inventory Management.