Arena Solutions

MARCH 21, 2023

COVID-19 also highlighted the dangers of what happens when you have lean supply chains, as many brands found out fast by running out of inventory and not keeping pace with customer demand. The pandemic exposed the inefficiencies in the supply chain, making the public more aware of existing issues.

Manufacturing Procurement 79

Manufacturing Procurement Waste Reduction Resource Reduction Material Savings 79

The Logistics & Supply Chain Management Society

APRIL 26, 2022

More specifically, it took 83 days for container transport from Europe to Asia, and 88 days from North America to Asia. Communication tools like order tracking, cloud-based shipping and ordering, and radio frequency identification (RFID) chips, enable real-time visibility of orders, shipments, and inventory.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

BR Williams Supply Chain Management

JUNE 16, 2022

Cross-docking is a lean supply chain model that allows fast-tracking of goods from suppliers to customers or retailers with little to no handling or storage. Depending on the type of product and the demand, cross-docking can reduce inventory, operating costs, and distribution costs while facilitating just-in-time delivery.

Expense Reduction 52

Expense Reduction Inventory Reduction Cost Reduction Strategies Material Savings 52

Supply Chain Matters

SEPTEMBER 22, 2023

The Event The Association for Supply Chain Management (ASCM) recently concluded its ASCM CONNECT 2023 North America Conference. Supply Chain Matters shares interview highlights with ASCM CEO Abe Eshkenazi in conjunction with this years ASCM CONNECT 2023 Conference. Starting salaries are second only to data engineers.

Conference 105

Conference Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software 105

Logistics Viewpoints

MARCH 6, 2023

The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.” The company has 11 production facilities across North America and China. GEON, headquartered in Westlake Ohio, has about 1000 employees.

Supply Chain Planning Software 234

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 234

Cathy Roberson

MARCH 31, 2023

Retailers and brands are wringing out as much revenue as they can from costly inventories and returned merchandise. Throughout 2022 and into the holiday season, promotions were used to offload as much as possible of the front-end inventory to make way for new seasonal inventory.

Retail 52

Retail Modeling Logistics Network Optimization Software Modeling Software 52

Supply Chain Opz

NOVEMBER 9, 2014

That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. Keep it Simple : It’s important to not over complicate things. These are three examples: Rule 3.1:

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

NC State SCRC

NOVEMBER 29, 2023

During her 24 years at Honda of America, she helped implement many of the supply chain best practices that have now become renowned, including cost modeling, supplier development, supplier quality assurance, lean manufacturing, and many others, which evolved under the original North America leadership of Dave Nelson.

Supply Chain Planning Software 52

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 52

Supply Chain Game Changer

DECEMBER 17, 2020

These services enable companies of all sizes to fulfill orders through just-in-time manufacturing, warehousing less and keeping shipping inventory lean. In North America, a significant percentage of freight delivery needs are met through trucking transport companies.

Logistics Network Optimization Software 78

Logistics Network Optimization Software Freight Expense Reduction Cost Reduction Strategies 78

BlueYonder

MAY 14, 2021

Rising demand in North America and Europe led to increased freight moving on the Suez and Pacific routes, which meant more full containers inbound versus outbound, leading to global container shortages. Historically, inventory was always to blame for higher holding costs and led to companies wanting to run a lean supply chain.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Price Reduction Agile and Lean Supply Chain 52

Supply Chain Shaman

JANUARY 7, 2015

Joe works for Filipe, and his boss believes that supply chain excellence can best be typified by lean. Joe’s team selects the metrics of Revenue Growth, Operating Margin, Inventory Turns, On-time Customer Orders, Safety and Return on Invested Capital (ROIC). He is in a quagmire. However, this is not a commonly held belief.

Metrics 150

Metrics Agile and Lean Supply Chain Manufacturing Procurement Modeling 150

Supply Chain Shaman

FEBRUARY 12, 2017

Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance of BMS and Merck at the Intersection of Inventory Turns and Operating Margin. Orbit Chart for Novo Nordisk at the Intersection of Operating Margin and Inventory Turns for the period of 2006-2015.

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150

RFgen

FEBRUARY 6, 2020

Technologies like mobile barcoding can help provide 24/7, end-to-end traceability of raw materials, work-in-progress inventory, finished goods, fixed assets and spare parts for vertically integrated companies. Enhancing MRO with real-time inventory solutions can also help minimize interruptions and costly downtime.

Supply Chain Software 53

Supply Chain Software Agile and Lean Supply Chain Manufacturing Supply Chain Optimization 53

RFgen

FEBRUARY 6, 2020

Technologies like mobile barcoding can help provide 24/7, end-to-end traceability of raw materials, work-in-progress inventory, finished goods, fixed assets and spare parts for vertically integrated companies. Enhancing MRO with real-time inventory solutions can also help minimize interruptions and costly downtime.

Supply Chain Software 52

Supply Chain Software Agile and Lean Supply Chain Manufacturing Supply Chain Optimization 52

Supply Chain Shaman

AUGUST 5, 2015

These giants drove slight improvements in operating margin, inventory turns and Return on Invested Capital (ROIC) despite a slowing economy. Over the past two years, P&G made impressive gains in operating margin and inventory turns, but the company failed to equal the ROIC test for asset utilization. It is clear. Who Does the Best?

Agile and Lean Supply Chain 150

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain 150

Supply Chain Matters

APRIL 7, 2022

Data published at the end of March indicates that for movement of ocean container shipping transit from Asia to North America , the average time had declined to 108 days, upwards of 15.4 Trucking disruptions in these areas threaten the flow of inbound and outbound inventory. . Because of this, both Inventory Costs (91.0)

Global Transportation 52

Global Transportation Logistics Network Optimization Software Cost Reduction Strategies Global 52

Supply Chain Movement

FEBRUARY 16, 2016

At the same time, the supply chain specialists are expanding across Europe and even into North America. The firm’s lean engineers and supply chain engineers help hospitals not only with inventory management and logistics but also with process improvements in catheterisation labs, for example.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Software Gartner Agile and Lean Supply Chain 60

Unleashed

DECEMBER 28, 2021

In these fast-moving days of technological advancement and economic change, a lot of manufacturers are talking about going ‘lean’. One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. Techniques for 2022.

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

AB&R

FEBRUARY 28, 2023

AB&R helps thousands of companies across North America identify, track, and manage their critical assets and inventory. But you can get on the fast track to opening and optimizing your facility when you have local experts on the ground to set up your inventory and asset tracking, mobile workflows, and process automation.

Arizona 52

Arizona Warehousing Optimization Software Manufacturing 52

Supply Chain Network

JUNE 14, 2014

And by the way, if you’re not already serving online consumers in Canada, you might want to read ‘ Looking For Growth in Lean Times? Look North to Canada! To do this you need to ensure that at ALL locations where stock is held or displayed for retail sale, that ACCURATE and TIMELY inventory information is available.

Vendor Strategies 87

Vendor Strategies Inventory Reduction Cost Reduction Strategies Expense Reduction 87

GlobalTranz

AUGUST 9, 2016

Lean is a new way of doing business. For shippers, culture and behavior have to change to apply Lean Transportation thinking. Lean thinking focuses on the elimination of all waste (where waste is defined as any non-value added process) and bringing value to the customer , beyond the customer’s expectations.

Waste Reduction 120

Waste Reduction Agile and Lean Supply Chain Cost Reduction Strategies Lean 120

Logistics Bureau

NOVEMBER 6, 2023

For example, could some areas of your warehouse be adapted via racking optimisation to store higher inventory volumes? If so, other areas might house less inventory (perhaps slow-moving SKUs only) or be assigned as bulk storage, requiring less use of artificial light and other costly energy resources.

Cost Reduction Strategies 89

Cost Reduction Strategies Warehousing Waste Reduction Purchasing Skills 89

Talking Logistics

MARCH 27, 2015

Now, on to this week’s supply chain and logistics news… Penske Logistics Reaches Agreement to Acquire Transfreight North America. This week it was Penske Logistics announcing that it is acquiring Transfreight North America from Mitsui & Co., Infor Delivers Dynamic Cloud Solution for Supply Chain Execution.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Design Software Network Optimization Software Modeling Software 100

Supply Chain Shaman

JUNE 26, 2016

Inventory Turns. Better performance in inventory turns than the peer group average for the period of 2006-2015. If you trace the year-over-year pattern, you can see that P&G made progress on inventory turns and operating margin 2006-2007, 2009-2010. Operating Margin. Return on Invested Capital (ROIC). IT Standardization.

Supply Chain Design Software 191

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 191

Supply Chain Game Changer

SEPTEMBER 14, 2021

Featuring Our 10 Best Inventory Management Articles! In our quest to emulate what the Japanese were doing, here in North America, we looked to import those techniques and philosophies. And then the concept of Just In Time came to North America from Japan. Subscribe Here! Email Address. Get Our EBOOK HERE.

Just-in-Time 81

Just-in-Time Inventory Reduction Waste Reduction Cost Reduction Strategies 81

The Lean Supply Chain

JULY 7, 2015

Actual Systems has successfully expanded beyond North America and penetrated Australia, the United Kingdom, the Netherlands, Ireland and Spain.  Who are the top vendors ( called “Best of breed” ) on the market? Improved deployment of inventory. YMS vendors : High Jump. WHAT YOU GET. Transportation Management.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Modeling Software Demand Planning Software 40

ShipBob

MAY 19, 2022

By leveraging these fulfillment centers, merchants can store their inventory closer to the customers, which allows them to keep the cost of global shipping low while ensuring faster deliveries even to international customers. ShipBob also helps to alleviate many of the complications related to customs and import duties.

Global 52

Global Supply Chain Planning Software Negotiating Skills Supply Chain Network Software 52

Supply Chain Matters

AUGUST 21, 2023

Retailers who proactively anticipated such trends and resized their inventory stocks seemed to have fared better. North America segment operating income was $3.2 The retailer has also benefited from a de-stocking of previously high levels of discretionary and pandemic related inventory. billion while net profits of $6.75

Pricing Training 52

Pricing Training Purchasing Training Inventory Reduction Expense Reduction 52

Unleashed

JULY 11, 2021

Sustainability is a characteristic of lean manufacturing through waste reduction and improved inventory control. Sustainability certifications in North America. The Forest Stewardship Council is a non-profit, market-based certification program dedicated to promoting responsible forest management around the world.

Sustainability 98

Sustainability Manufacturing Procurement New Zealand Waste Reduction 98

Unleashed

SEPTEMBER 4, 2022

Dreaming of an easy eCommerce inventory system? See multi-channel eCommerce inventory management in action. You need to have a lean mean supply chain machine to succeed at multichannel retailing. And while Allbirds are a digital-first retailer, they do operate a number of physical stores across Asia, Europe and North America.

Retail 96

Retail Supply Chain Planning Software Inventory Management Software Inventory Reduction 96

Supply Chain Game Changer

MARCH 24, 2020

And with less manufacturing output there were fewer container ships leaving Asia full of goods meaning activity in ports in North America and Europe would slow down rather quickly. Mission Critical and Strategic Inventory Positioning. Shortly thereafter the tsunami of infections overtook Europe. Italy locked down the country.

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Supply Chain Design 82

6 River Systems

SEPTEMBER 17, 2019

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Inventory Reduction 45

Unleashed

OCTOBER 4, 2021

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. These examples show there isn’t a benchmark inventory management strategy that trumps all others. This allows Amazon to concentrate on other aspects of the transaction, like shipping, returns and processing.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

Enterra Insights

JANUARY 4, 2023

What happened instead was massive theft of intellectual property, huge trade deficits, the hollowing out of the middle class in Europe and North America, and the rise of nativist politics.” Inventory Confusion. Experts can’t agree on what inventory management will look like in 2023. That did not happen.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 130