Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession.

Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Better Inventory Management Needs Complete Control.

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

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.”

Drone-Powered Digital Inventory

PINC YMS

Even though 90% of inventory is stationary in the supply chain, according to industry experts, inventory accuracy at distribution centers, warehouses, and plants ranges from 89% to 99% *. That’s because most of the inventory management process is still a manual activity. innovation inventory robotics Logistics Viewpoints warehouse drones

How do we Drive Invention to Innovation in Planning?

Supply Chain Shaman

At the event, James Rice, MIT, spoke on innovation, and his reflections on Clayton Christensen’s 1997 classic business book, the Innovators Dilemma. This is disruptive innovation. The spark from Invention to Innovation is slow.

Inventory Checks Powered By Drones

PINC YMS

Drones are enabling organizations to use employees more efficiently and improve inventory accuracy in a world where consumers want everything cheap and now. logistics innovation digital supply chain inventory drones inventory robotics

Continuous delivery drives continued supply chain innovation

Kinaxis

If it’s been too long to remember, you’re likely lagging behind when it comes to supply chain innovation. Innovation is happening all around us, and at a pace so fast, it may make your head spin. Miscellanea Supply chain management supply chain innovationby Alexa Cheater.

How Peapod drives supply chain innovation and efficiency with analytics

AIMMS

It’s an exciting era for retail as companies continue to focus on creating and providing a great experience for their customers, while driving innovation and market share. Neither of those standard solutions deal with having a store-like warehouse that shares inventory with a store.

Supply Chain Innovation: Plan or Perish in the “Cold Chain”

ToolsGroup

Supply chain planners need to optimize inventory to maximize residual life while meeting service level targets. But loading up on short shelf life products begets obsolete inventory as products hit their expiry dates. This requires good demand planning and inventory optimization.

5 Key Trends Driving Supply Chain Innovation

Talking Logistics

When we speak to supply chain leaders about innovations in their supply chain, it’s not always about drones, self-driving trucks, or automated warehouses. 2 Real-time Network Inventory Control and Planning. Too often we think about inventory in a linear way.

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How Peapod drives supply chain innovation and efficiency with analytics

AIMMS

It’s an exciting era for retail as companies continue to focus on creating and providing a great experience for their customers, while driving innovation and market share. Neither of those standard solutions deal with having a store-like warehouse that shares inventory with a store.

Innovating Spare Parts Logistics

Logistics Trends and Insights

Typically an expensive part of the supply chain, the management is often based on ‘just-in-time’ deliveries in order to keep inventory levels low. Since there are no minimum order quantity requirements, Volvo can maintain lower inventory levels in its warehouses.

7 Innovative Warehouse Management Technologies to Adopt

Cerasis

Leading-edge manufacturers are partnering with providers of warehouse management systems to create customized software and smart robots that help manage the movement, storage and sorting of warehouse inventory. The increasing demand for higher levels of performance and flexibility in warehouse robotics is stimulating some innovative product developments and early adoptions of mobile warehouse robotics.

Inventory Obsolescence: It Can Get Complicated

ToolsGroup

Shorter innovation cycles, multi-channel complexity, and long-tail stock-keeping units (SKUs) accelerate the inevitable decline in value. According to Nucleus Research, in its July 2015 Research Note , companies can optimize inventory using the right algorithms.

World Class Inventory Turnover Breakthrough Elements! (Infographic)

Supply Chain Game Changer

Improving Inventory turnover performance is both a requirement and a challenge for many companies. We’ve written several blogs on this subject to share our experiences in achieving truly game changing results in inventory management. Subscribe Here! Email Address.

A Fresh Take on Supply Chain Innovation

Supply Chain @ MIT

Venturing into unfamiliar territory offers a unique chance to innovate and make changes that benefit the business as a whole. Featured Innovation coconut water healthy drinks inventory management MIT CTL new product launches PepsiCo Supply chain innovation

Innovative Approaches to Supply Chain Risk

Kinaxis

Efficiency programs like lean drove us to reduce suppliers and cut inventory. Supply chain risk management practice advises us to source additional suppliers and plan additional strategic inventories as mitigation strategies.

Creating an Innovative Supply Chain

Enterra Insights

An oft-heard business battle cry is: Innovate or die! Weaver observes, “We have seen many businesses over the past several years run into problems due to a lack of supply chain innovation, slow reaction to changing market conditions and a resistance to change.” ” What drives supply chain innovation? Edwin Lopez ( @EdwinLopezT37 ), editor of Supply Chain Dive , asked a number of supply chain professionals, “What drives supply chain innovation?”

Insights from Ryder Innovate 2014

Talking Logistics

Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014. Inventory (inventory management policies and practices, optimizing inventory flow).

Supply Chain Innovation: The Latest Gartner Supply Chain Predictions

ToolsGroup

Asset and inventory optimization (As noted in a previous blog , inventory optimization is actually a form of predictive analytics). Gartner analysts presented their latest supply chain findings throughout the two-day Gartner Supply Chain Executive Conference last month in London.

Better Visibility Drives Supply Chain Value and Innovation

Talking Logistics

According to the research report “ Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation ,” control tower visibility is hailed across the board, from above-average performers to late adopters, as both the second-highest investment priority and technology that will deliver the greatest value in the next five years. This in turn yields improved performance and customer experience – key indicators of supply chain leaders and innovators.

Is Poor Inventory Performance Holding You Back?

Kinaxis

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ Poor inventory performance can create a significant obstacle to growth and profitability.

5 Reasons You Need Modern Inventory Solutions for Optimum Inventory Control

Unleashed

Innovative technologies have made their mark on every aspect of manufacturing , retail and eCommerce business, from product design through to after sale service. When deciding where to prioritise budget spend for greatest return on investment, companies have difficult decisions to make and while inventory control continues to be fundamentally impacted by innovation, it is often overlooked when the time comes to allocate funds. Real time inventory.

Innovations that drive business decisions forward

Quintiq

Guy Kawasaki, former Chief Evangelist at Apple, talked about the ways in which companies could think about new methods of driving innovation.

Hybrent Launches Major Healthcare Software Update with Innovative Inventory Management Modules

Hybrent

Hybrent announced a major software upgrade to their med supply ordering and inventory management system with the release of Hybrent 3.0. Hybrent has added more innovative modules and improved functionality for users.

Medicine's Inventory Nightmare

Elementum

However, many hospitals and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems. These figures can be attributed to the fact that inventory management poses a particularly challenging task in the healthcare industry, where inventory needs constantly fluctuate, requiring meticulous tracking methods. medical supplies healthcare inventory management

An out-of-this-world showcase of supply chain innovation

Kinaxis

It’s a way to get inspired by some of the latest and greatest supply chain innovations around. Plus, they’ll be sneak peeks at some upcoming capabilities and details around how we’re delivering the latest innovations in supply chain even faster to Kinaxis customers.

Medicine's Inventory Nightmare

Elementum

However, many hospitals and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems. These figures can be attributed to the fact that inventory management poses a particularly challenging task in the healthcare industry, where inventory needs constantly fluctuate, requiring meticulous tracking methods. medical supplies healthcare inventory management

Three New Ways Retailers Can Improve Inventory Performance

ToolsGroup

By using data to stock items with higher forecasted demand, they can reallocate cash that would normally be tied up in poorly performing inventory, avoid margin erosion from markdowns and dead stock, and increase overall on-shelf availability metrics.

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The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story.

Supply Chain Predictions for 2018: Real-Time, Innovation, Cognitive, Blockchain, Industry-Academic Partnerships, and Taking a Stand!

NC State SCRC

Linton] co-authored The Living Supply Chain , which argues that “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. This is how innovation ultimately occurs.

Top 10 Supply Chain Innovations of 2018

Material Handling & Logistics

In that spirit, we’ve combed the MH&L archives for the most innovative supply chain developments of the past year, as reported in our print magazine, on our website, in our e-newsletters, or our various social media channels.

Supply Chain Innovation: The Path to Success!

Supply Chain Game Changer

Innovation is a team effort requiring collaboration and buy-in from all levels within an organization, and it’s especially true when it comes to bringing innovation to the supply chain. A Blueprint for Successful Supply Chain Innovation. Subscribe Here! Email Address.

Top 5 Ways Inventory Tracking Technology Is Evolving

Cerasis

In fact, a recent survey of economic experts, reports Jeff Wacker of Retail TouchPoints, found up to 59 percent of retailers are making plans to invest in technology, which includes inventory tracking technology. Inventory Tracking Technology Leverages Internal and External Real-Time Data.

Executives see AI, Cognitive Analytics and Cloud as the Path to Innovation and Speed to Market

JDA software

While executives value their current toolsets highly, and maintaining legacy systems is their number 2 investment priority, the ability to collaborate and innovate are their two lowest-rated internal capabilities.