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.

Transportation Innovation For a Future-Proof Supply Chain

PINC

In a new Berkeley Innovation X webinar , Bart De Muynck of Gartner, Berkeley Professor Robert Leachman, PINC’s Matt Yearling, ORBCOMM’s Ashish Chona, and Christian Piller, VP of Project44 discuss the current market realities, the role that automation is playing in today’s logistics networks, and the rapid changes currently happening in the supply chain. The post Transportation Innovation For a Future-Proof Supply Chain appeared first on PINC.

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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. The technology teams, focusing on implementation and go-live dates, believes that inventory technologies and processes are equal to the challenge. IT View of the Current State of Inventory.

Re-valuating The Supply Chain: Transportation Execution Driven By Innovation In Uncertain Times.

PINC

As markets demand not only efficiency but agility and adaptability from supply chains in our current reality, supply chain executives have been heavily investing in automated execution and real-time visibility technologies to continue moving inventory and delivering on customer expectations.

Drone-Powered Digital Inventory

PINC

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

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.” ” 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 Checks Powered By Drones

PINC

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. It’s becoming harder and harder to keep inventory costs low while still meeting customer demands for customization, same day shipping and easy returns. Wouldn’t you rather get immediate access to the latest supply chain innovations as soon as they become available?

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. Christensen’s concept is that businesses will reject innovation based on the fact that the customer cannot currently use the innovation delaying the adoption of great ideas. The spark from Invention to Innovation is slow. Invention into Innovation in Planning.

How Barcode Scanning Can Revolutionize Your Inventory Management

DELMIA Quintiq

New processes and innovations continue to reinvent the world of logistics. Implementing something as simple as barcode scanning can completely transform your inventory management system. Barcodes have developed from an early innovation to a nearly mandatory tool for. inventory optimization and management. These systems require barcode labels or tags to be affixed to bins or individual inventory parts.

ToolsGroup Supply Chain Forecast | Inventory Now Available ?in the Microsoft Azure Marketplace

ToolsGroup

Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. The tool is designed to help businesses grow by moving beyond spreadsheet-based forecasting and trial-and-error inventory management.

Turning New and Creative Ideas into Innovation

QAD

One of the hardest parts of innovation is figuring out where you need to innovate, and the areas that need it the most. But is that considered innovation ? Asking the Right Questions Doesn’t Always Garner Innovative Results. If by some chance the team agrees on the right question (or questions) to ask—the right problem to solve—you can be certain it’s not innovation. Just because an idea isn’t innovative doesn’t mean you shouldn’t do the things people suggest.

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.

Innovative Approaches to Supply Chain Risk

Kinaxis

‘SCM World, Innovative Approaches to Supply Chain Risk, Geraint John, July 2014′ SCM World has published a report (login required) ‘Innovative approaches to Supply Chain Risk’ authored by Geraint John, Senior Vice President, Research that outlines an approach to bring your supply chain risk management to the next level of maturity. Efficiency programs like lean drove us to reduce suppliers and cut inventory.

PINC nominated finalist for the 2017 MHI Innovation Award

PINC

PINC's inventory robotics solution, PINC Air, has been selected as one of the most innovative solutions of 2017. digital disruption supply chain logistics innovation digital supply chain drones inventory robotics

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. Inventory planning has to balance sufficient inventory to meet service level targets while minimizing obsolescence. This requires good demand planning and inventory optimization. Note: There will be no blog post next week due to summer holidays.

Top 10 Supply Chain Innovations of 2018

Material Handling and 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. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019. Top 10 Supply Chain Innovations of 2016 : robot pickers, bridge-inspecting drones, autonomous freight shuttles, and more.

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? ’ 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.

The Bionic Supply Chain: The human, robotics, drones inventory management workforce.

PINC

More recent challenges, such as the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, have emerged creating an even more demanding environment. For these reasons, proper inventory management—accompanied by the ability to move inventory throughout the supply chain at a high velocity and lower cost—has become a must-have in today’s business climate.

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. The knack in today’s innovation economy is to understand how the value of a particular SKU deteriorates or its costs increase so that profit erosion can be factored into inventory optimization calculations. According to Nucleus Research, in its July 2015 Research Note , companies can optimize inventory using the right algorithms.

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. From customers sharing their own supply chain innovation journeys to our expert staff guiding you through a look at what’s to come, Kinexions is THE place to discover where you are on your own supply chain journey, and what it’s going to take to propel your company into the stars. Miscellanea innovation in supply chain supply chain innovation

Insights from Ryder Innovate 2014

Talking Logistics

The value of peer-to-peer learning and networking was evident at last month’s Ryder Innovate conference — “an exclusive gathering of senior leaders in transportation, logistics, and supply chain seeking strategic insight, new ideas, and thought leadership to improve their supply chain and fleet operations.” Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014.

How Modern Innovations Are Redefining Vendor Managed Inventory

Softeon

That’s what vendor managed inventory (VMI) is all about. Vendor Managed Inventory. Inventory is the most visible part of a supply chain, but it isn’t necessarily the easiest to balance. VMI exploits the visibility of your inventory to highlight trends and streamline this aspect of the supply chain. Consider vendor inventory from the 70s. When you have persistently up-to-date inventory reporting, you can track changes down to the most minute detail.

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. online grocer who serves the East Coast and Mid-West, to hear about how he views the role of analytics and technology in driving supply chain innovation at his company. Neither of those standard solutions deal with having a store-like warehouse that shares inventory with a store.

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. online grocer who serves the East Coast and Mid-West, to hear about how he views the role of analytics and technology in driving supply chain innovation at his company. 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. In terms of industry value, a 2014 Deloitte study highlighted two major areas of influence for 3D printing in automotive applications: as a source of product innovation and as a driver of supply chain transformation. Since there are no minimum order quantity requirements, Volvo can maintain lower inventory levels in its warehouses.

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). For technology initiatives , Gartner analyst Steve Steutermann offered several imperatives for global execution, such as designing supply chains to accommodate innovation. Gartner analysts presented their latest supply chain findings throughout the two-day Gartner Supply Chain Executive Conference last month in London.

5 Tips to Improve Omnichannel Inventory Management

Unleashed

That includes the importance of robust inventory management to retail. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky. Many brands are turning to omnichannel inventory management to meet the challenge. We’re going to share five tips to help you make omnichannel inventory work for you. What is Omnichannel Inventory Management?

Dr. Muddassir Ahmed on Innovation in Supply Chain Education

Requis

On the fifteenth episode of Supply Chain Next, Muddassir talks with host Richard Donaldson about innovation in supply chain management, updating educational curricula, and the accessibility gap he sees in accessing instruction in supply chain best practices. ?. I teach supply chain strategy at the university level part time, and one thing I’ve been telling my students is that you can only do so much innovation with the product or with the business model.

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

Improving inventory management

EFT

What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. In his opinion the way you do that is “By putting inventory close to customers.

Innovations that drive business decisions forward

DELMIA Quintiq

Guy Kawasaki, former Chief Evangelist at Apple, talked about the ways in which companies could think about new methods of driving innovation. He explained how Quintiq has brought clarity in managing their supply chain, supporting their key values on business operations in planning for labor scheduling, sales forecasts, inventory targets and production planning.

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?”

Design for the Supply Chain Pt 2: Innovative

Kinaxis

Principle #1: Good design “Is innovative” – The possibilities for progression are not, by any means, exhausted. For me, kanban is an example of an innovative design for managing inventory in the supply chain. We can consider its predecessor minimum and multiple lot sizing in the sense of establishing inventory sizing to minimize cost while optimizing service levels. The post Design for the Supply Chain Pt 2: Innovative appeared first on The 21st Century Supply Chain.

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