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Going Digital for Manufacturing

DELMIA Quintiq

However if your company needs to reduce manufacturing lead times, streamline inventories, boost efficiency, make the right promises to your customers, and all of this at the same time, you need to challenge this status quo. “I do not need a Production Scheduling solution!”.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing. Data availability and advanced analytics are also shaping the industry by providing new insights into efficient manufacturing processes. It then uses this model to understand the impact of demand forecasting on inventory.

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Build Supply Chain Resilience with a Diverse Sourcing Strategy 

Logility

And for that reason, they can absorb and avoid disruption, measure variability proactively, and establish the rights strategies and inventory buffers to address it across the supply network and short- and long-term planning horizons. Developing Diverse, Resilient Sourcing Strateg ies.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing. Data availability and advanced analytics are also shaping the industry by providing new insights into efficient manufacturing processes. It then uses this model to understand the impact of demand forecasting on inventory.

Sourcing Priorities: Low Cost Geography or Domestic On-shoring?

Supply Chain Game Changer

For many years the predominant priority in sourcing has been finding the lowest cost possible. However the continuity of supply issues caused by the pandemic has created a call to repatriate much of this manufacturing into domestic, albeit higher cost, regions. Subscribe Here!

The 10 Most Crucial Inventory Performance Measures for SMEs

Unleashed

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? manufacturing).

Disruption In Container Logistics With John Murnane

The Logistics of Logistics

The North American inbound supply chain was well-run and extremely cheap before the pandemic brought disruption to the logistics and transportation space. Join Joe Lynch as he talks to John Murnane about the disruption in container logistics. It is not as entertaining as logistics.

Inventory Management in Service Logistics Industry

Talking Logistics

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain. Inventory Management is a function that should always be in sync with your supply chain strategy and in turn depends on your overall business strategy. What does it mean for inventory?

Sourcing Strategy: Effective vs Efficient with Ron Crabtree

The Logistics of Logistics

Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. Key Takeaways – Sourcing Strategy: Effective vs Efficient. Single sourcing to drive price and increase influence (to a point).

What is Inventory Management?

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory makes the world go round. Trillions and trillions of dollars of inventories exist all over the world in every conceivable form and in every conceivable channel. What is Inventory Management ? Subscribe Here!

ERP for Medical Device Manufacturers Part 2

SYSPRO Smarter ERP

Those manufacturers who are still using legacy or customized computer systems will find it difficult to make the necessary changes. Integration of design and manufacturing. Many manufacturers use a CAD/CAM system for design and engineering control.

The Inventory Accuracy “Confidence Gap”

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: 5 Key Insights to Improve Inventory Performance for 2019 ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.

Inventory Management KPIs: Tracking What Matters Most

ShipBob

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . 15 most valuable inventory KPIs to keep track of.

Post Pandemic Inventory Priorities: High Turnover or Extra Inventory?

Supply Chain Game Changer

Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. What should our post pandemic inventory priorities be?

Can Manufacturers be Both Lean and Resilient?

Logistics Viewpoints

Lean speaks of the seven wastes: overproduction, unnecessary transportation, inventory, motion, defects, over processing, and waiting. Since then, manufacturers around the world have embraced lean. This practice, known as vendor managed inventory , is an excellent example of lean.

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What is Inventory Shrinkage?

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Shrinkage article and permission to publish here provided by Jake Rheude at redstagfulfillment.com. There are many terms for inventory shrinkage: warehouse shrinkage, product shrinkage, loss of product.

How manufacturers can respond to supply chain disruptions

SYSPRO Smarter ERP

It’s premature to know at this stage what the full impact will be on our economies and supply chains, but we can expect more delays of supply of imported inventory, food, and component parts, due to reduced or rescheduled air and sea freight.

This Week in Logistics News (April 2 – 8)

Logistics Viewpoints

And now on to this week’s logistics news. As a first of its kind agreement in the US, FedEx Express will develop plans to test Elroy Air’s Chaparral autonomous air cargo system within the company’s middle-mile logistics operations, moving shipments between sortation locations.

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Why Get a Product Sourcing Agent?

Supply Chain Game Changer

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Your manufacturer is the backbone of your company; it regulates your inventory, which determines how consumers perceive and communicate with you. Subscribe Here!

6 Ways Food Manufacturers Can Build Resilience into Post-COVID Planning

Logility

For example, shoppers had limited access to fresh produce, meats, and fish due to shortages and disruptions in logistics and delivery services. Advanced Inventory Management. Planning Manufacturing Based on Demand.

Omni-Channel Logistics Leaders: The Importance of Real-Time Inventory Visibility

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: Top 5 Inventory Insights ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada. Source: “Omni-Channel Logistics Leaders: Top 5 Inventory Insights,” Adelante SCM & LEGACY SCS.

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Continued Disruption and Added Cost Inflation Reflected in Key Global Transportation and Logistics Indices in March and Q1 2022

Supply Chain Matters

We now add highlights of March and Q1-2022 key global transportation and logistics indices. Global and Domestic Transportation and Logistics Indices. Trucking disruptions in these areas threaten the flow of inbound and outbound inventory. . US Logistics Index.

The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective.

Disruption in China Ripples Across Global Supply Chains in April 2022

Supply Chain Matters

In this Supply Chain Matters commentary, we highlight the latest quantitative data related to global manufacturing PMI activity levels for April. Global Manufacturing Output Levels Declined. The Global Manufacturing Output sub-index reportedly dropped to a contraction value of 48.5

This Week in Logistics News (January 29 – February 4)

Logistics Viewpoints

And now on to this week’s logistics news. Sam’s Club rolling out inventory accessory for cleaning robots. Earlier this week, FedEx announced a partnership with eight historically Black colleges and universities (HBCUs) to build a pipeline of logistics and supply chain professionals.

Small Business Inventory Management – the 2022 Guide

Unleashed

For example if you’re running a product-based business then inventory management is essential. From inventory tracking and safety stock levels to assembly, purchasing and shipping, getting inventory management right will increase your chances of success.

4 Best Ways Manufacturers Can Perfect Their Supply Chain

USC Consulting Group

Leading the way — and defying the odds — are manufacturers. Yet with COVID-19 and product shortages still a reality, some manufacturers are wondering what they can do to improve their supply chain resiliency to prepare for present and future disruption. In a separate poll conducted by the ISM, purchasing managers at some of the largest manufacturing companies expressed ongoing unease about future shocks to their supply chain while they scramble to remedy current shortages.

6 Ways AI Drives On-Time Inventory Delivery for Retail Supply Chains

ThroughPut

Integration of multiple distribution channels Customer satisfaction Inventory and storage management End-to-end supply chain visibility. Amongst these challenges, inventory management impacts all others. 6 ways AI can ensure in-full, on-time delivery of inventory.

Added In-Transit Inventory Exposures Add to Implications of Inbound Cost Inflation for Industry Supply Chains

Supply Chain Matters

The Wall Street Journal reported this week ( Paid subscription or metered view ) that billions of dollars of inventory still residing on ocean container vessels and seaports is compelling procurement buyers and suppliers to have to extend their payment terms or obtain added financing because of the added inventory carrying costs for goods-in-transit. West Coast ports currently averaging over 100 days, more inventory is sitting on ships and not able to be sold.

4 Key Trends to Watch in Smart Manufacturing and Supply Chain

GlobalTranz

The advancements in 3D printing and 'Additive Manufacturing,' coupled with supply chain efficiencies, could make distributed manufacturing a reality, ushering in the era of smart manufacturing. The Continual Coverage and Now Reality of Smart Manufacturing with 3D Printing. I remember reading an MIT paper on manufacturing technology trends a couple of years ago. It had a fascinating mention of " Additive Manufacturing " (AM) and how it could be a game changer.

Cement Logistics Planning: 3 Top Strategies To Avoid Stockouts With AI

ThroughPut

To marshal worldwide objectives of scalable and transformative urbanization, cement manufacturers need to look at intelligent supply chain logistics. Inventory can be optimized using real-time analytics and historical data insights to provide for demand surges.

KPIs to assist manufacturers and distributors with supply chain challenges

SYSPRO Smarter ERP

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. Supply Chain Management and ERP ERP and Lean Manufacturing ERP systems

How Technology Trends Are Transforming Manufacturing

Arena Solutions

Manufacturers are especially embracing a digital transformation and turning to these technologies to optimize all aspects of product development—from design and production to supply chain management. How Manufacturers Can Achieve Top Quartile Performance.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains. Healthcare Logistics.

5 Ways Manufacturers Can Boost Agility

Arena Solutions

Whether it’s a new regulation, part shortage, or a newly released product from a leading competitor—manufacturers must react quickly to stay ahead in today’s volatile market. Do your teams lack visibility into logistics issues, part shortages, and other supply chain risks ?