Remove Inventory Remove Logistics Remove Manufacturing Procurement Remove Phoenix
article thumbnail

The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down.

article thumbnail

How We Stubbed Our Toe in The Evolution of S&OP

Supply Chain Shaman

When my flight canceled, I was en route to the annual AMR conference in Phoenix. Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. Industries carried on average 32 days more inventory in 2020 than in 2007. (I

S&OP 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ferguson’s Commitment to Supply Chain Excellence Drives Customer Satisfaction

Logistics Viewpoints

The company sources goods from 36,000 suppliers out of 30 nations. In addition, instead of putting more inventory into large regional buildings, we pushed more out to the local markets providing our customers better access to inventory. 22,000 containers move annually through 52 ports. Michael Jacobs “Thank you, Steve.

article thumbnail

Contracts, Cancellations, and Closures: Persistent Trends Leave a Pre-Peak Season Logistics Industry on Edge

Intelligent Audit

With peak shipping season just around the corner, the logistics industry is looking forward to a smoother supply chain than previous years have provided. However, transportation management experts caution logistics providers not to get too excited. Experts Weigh-In on Peak Season 2022. Despite High-Profile Retail Cancellations, U.S.

article thumbnail

Wanted: Supply Chain Architects!

Supply Chain Shaman

Let me start with a true confession: I am a manufacturing gal. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. It is now part of my DNA.

article thumbnail

Podcast: Marcia Williams on Supply Chain Optimization and Digital Transformation

Requis

Today, as the founder and managing partner of USM Supply Chain Consultants she has put her expertise in supply chain, procurement, finance and project management to work to help her clients achieve greater profitability. Dr. David Closs runs the program now, but when I was a student he was teaching logistics.

article thumbnail

The Best Supply Chain Company You Have Never Heard Of

Logistics Viewpoints

The company sources goods from 34,000 suppliers out of 30 nations. Process is a very big topic, but two sets of processes are worth mentioning in more detail are Ferguson’s sourcing and global trade compliance processes. Lead times expanded even for domestic manufacturers because they sourced raw materials from overseas.