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” CFO of a major manufacturer. This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. It is not an improvement in Days Receivable or Days of Inventory. MORE
by Andrew Dunbar So you’re an inventory manager, and your CFO just asked you to reduce inventory by 10% before year end to free up some capital for next year’s big investment in R&D. Figure 1: The theoretical on hand inventory level of a single item. MORE
by Andrew Dunbar Inventory is often the single largest asset on a company’s balance sheet and your inventory management process can have a huge impact on your organization’s bottom line. Finance and business management will prioritize inventory reduction to increase profitability. MORE
The nature of online businesses is significantly different in scale and operations to traditional retail outlets and as a result the scale of inventory stock can range from small home storage to vast, multiple warehouses facilities. Regardless of whether it’s a multichannel business, its size or nature of the business, it is essential to keep accurate records and track all the inventory stock items. Overselling inventory stock. Online inventory control systems. MORE
In this post we’ll explore how probabilistic forecasting not only creates better forecasts, but also improves inventory optimization by improving the stock levels at store and warehouse locations in your distribution network. MORE
by Alexa Cheater Love them or hate them, it’s hard to escape the proposed sweeping changes to America’s trade policy put forth by US President Donald Trump. But what impact will his trade policy changes have on your end-to-end supply chain? MORE
What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory control often starts with how to know the demand of particular product. MORE
Next we will provide an overview of the Inventory Value Action Center as well as the associated key performance indicators (KPIs). Inventory Value Action Center Overview. Here’s a look at the KPIs included and how to use them to monitor inventory management effectivity. MORE
by Alexa Cheater Don’t get caught having your company’s inventory management conversation alone! Re-evaluating your inventory management practices can help you overcome rising supply chain costs, increasing customer demand and the growing complexity of global operations. MORE
For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Hence, reducing the need for an excess in inventory. MORE
They act as an intermediate party between manufacturers and retailers. So here are some points to consider in finding the “right” manufacturer or supplier for your wholesale business. Lower manufacturing quality and labour standards. Higher manufacturing costs. MORE
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.” MORE
Mar-Bal operates four manufacturing facilities in North America and a sales office in Shanghai, China. They manufacture thermoset composite products essential to the appliance, electrical distribution, and industrial marketplaces. MORE
We conclude this two part series about manufacturing operations excellence by consultant Chuck Intrieri, by outlaying why manufacturers should focus on a critical component that will help sustain manufacturing operations excellence for years to come. What is Driving Sustainable Manufacturing Operations Excellence? What is the most important part of manufacturing? The most important resource in manufacturing is people. MORE
Every supply chain professional understands inventory is a necessary evil. Carry too little inventory and you can miss out on sales and anger customers. Carry too much inventory and you increase handling costs and cut into profits. Alexa Cheater ( @Alexa_Cheater ), Product Marketing Manager at Kinaxis, explains, “From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. MORE
When it comes to inventory optimization , companies often have to play a delicate balancing game to ensure that they have optimal levels of inventory. If your forecast numbers are too high, you run the risk of holding costly excess inventory and reducing available cash on hand. MORE
In the old days, each store knew best what inventory it needed to keep shelves stocked and customers satisfied. Years ago in some organizations, central planning got a bad name when companies blindly enforced the same policy on disparate stores in diverse markets with different needs. MORE
Today I want to explore how automobile suppliers are improving their operations via inventory replenishment policies. Effective inventory replenishment policies in use today include the 830/862 converted to a delivery release, KanBan, Min/Max, and Sequencing. MORE
Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. New products are proliferating in manufacturing today, and delivery windows are tightening. MORE
What is inventory optimization? You’ve heard of inventory management, and you probably already have some inventory management practices implemented in your supply chain. So what is inventory optimization? Inventory Optimization will make you more competitive. MORE
Gartner Research analyst Paul Lord has developed a thought-provoking approach (shown in the above diagram) for tailoring supply and inventory tactics to different inventory segments. As we showed in a previous blog, it’s not the only way to segment your inventory, nor nearly the best. MORE
Inventory configuration is usually the predominant issue in most manufacturing environments. Inventory policy is usually the predominant issue in most distribution environments. This risk pooling approach frequently requires less inventory. MORE
Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Implementing a manufacturing process change, Resolving a significant quality issue? by John Westerveld. Here, there and everywhere | The economist. MORE
Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. MORE
Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management. MORE
Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. MORE
All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. MORE
The COVID-19 pandemic has pushed manufacturers to rapidly shift gears, from addressing work-from-home policies to managing extreme swings in demand and uncertain supply chains. a leading manufacturer headquartered near Cleveland, OH. All Posts Manufacturing Trends & News MORE
Recently, we were asked by the management of a manufacturer to help them assess why inventory levels were so high and trending upward. We went to the manufacturing plant to survey the scene, to see if we could determine the root cause of their inventory problem. MORE
Inventory optimization has always been a challenge while designing and planning a supply chain. A variety of barriers can impact an effective inventory strategy, such as working in functional silos and demand/supplier volatility¹. Asking the Right Inventory Questions. MORE
How will the policy be executed? Today, there is not a well-defined template on how to build and operate a supply chain defined by customer policy and segmentation strategy. SanDisk Corporation designs, develops and manufactures flash memory storage devices and software. MORE
What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this. MORE
All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. MORE
Inventory Management, Business Growth & Expanding Product Portfolios. At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. Inventory Management Challenge 2: Expanding Product Portfolios. MORE
Recently, we were asked by the management of a manufacturer to help them assess why inventory levels were so high and trending upward. We went to the manufacturing plant to survey the scene, to see if we could determine the root cause of their inventory problem. MORE
US manufacturing activity dropped slightly in March. The import duties on aluminum and steel could affect many US stakeholders including automakers, aircraft manufacturers, food and beverage companies, and the construction sector. As manufacturers start building new supplier relationships, they should keep in mind a few steps to ensure that these relationships are both profitable and healthy. policy china trade international trade US MORE
The Network Effect
NOVEMBER 14, 2014
Today I want to explore how automobile suppliers are improving their operations via inventory replenishment policies. Effective inventory replenishment policies in use today include the 830/862 converted to a delivery release, KanBan, Min/Max, and Sequencing.
IQMS
MAY 27, 2020
Mar-Bal operates four manufacturing facilities in North America and a sales office in Shanghai, China. They manufacture thermoset composite products essential to the appliance, electrical distribution, and industrial marketplaces.
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Supply Chain Shaman
MAY 3, 2015
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.”
Kinaxis
JUNE 15, 2015
by Andrew Dunbar So you’re an inventory manager, and your CFO just asked you to reduce inventory by 10% before year end to free up some capital for next year’s big investment in R&D. Figure 1: The theoretical on hand inventory level of a single item.
ToolsGroup
JUNE 8, 2018
Gartner Research analyst Paul Lord has developed a thought-provoking approach (shown in the above diagram) for tailoring supply and inventory tactics to different inventory segments. As we showed in a previous blog, it’s not the only way to segment your inventory, nor nearly the best.
ToolsGroup
NOVEMBER 13, 2018
In this post we’ll explore how probabilistic forecasting not only creates better forecasts, but also improves inventory optimization by improving the stock levels at store and warehouse locations in your distribution network.
|
ToolsGroup
NOVEMBER 10, 2015
Inventory configuration is usually the predominant issue in most manufacturing environments. Inventory policy is usually the predominant issue in most distribution environments. This risk pooling approach frequently requires less inventory.
IQMS
JULY 11, 2019
Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. New products are proliferating in manufacturing today, and delivery windows are tightening.
IQMS
MARCH 27, 2020
The COVID-19 pandemic has pushed manufacturers to rapidly shift gears, from addressing work-from-home policies to managing extreme swings in demand and uncertain supply chains. a leading manufacturer headquartered near Cleveland, OH. All Posts Manufacturing Trends & News
Supply Chain Opz
JUNE 23, 2014
Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations.
Unleashed
APRIL 15, 2020
All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions.
|
Cerasis
JANUARY 8, 2016
We conclude this two part series about manufacturing operations excellence by consultant Chuck Intrieri, by outlaying why manufacturers should focus on a critical component that will help sustain manufacturing operations excellence for years to come. What is Driving Sustainable Manufacturing Operations Excellence? What is the most important part of manufacturing? The most important resource in manufacturing is people.
Kinaxis
JUNE 1, 2015
by Andrew Dunbar Inventory is often the single largest asset on a company’s balance sheet and your inventory management process can have a huge impact on your organization’s bottom line. Finance and business management will prioritize inventory reduction to increase profitability.
Talking Logistics
APRIL 16, 2015
Inventory optimization has always been a challenge while designing and planning a supply chain. A variety of barriers can impact an effective inventory strategy, such as working in functional silos and demand/supplier volatility¹. Asking the Right Inventory Questions.
Supply Chain Shaman
SEPTEMBER 20, 2015
How will the policy be executed? Today, there is not a well-defined template on how to build and operate a supply chain defined by customer policy and segmentation strategy. SanDisk Corporation designs, develops and manufactures flash memory storage devices and software.
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EazyStock
JULY 19, 2019
What is inventory optimization? You’ve heard of inventory management, and you probably already have some inventory management practices implemented in your supply chain. So what is inventory optimization? Inventory Optimization will make you more competitive.
Unleashed
APRIL 3, 2020
All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions.
ToolsGroup
JULY 19, 2016
In the old days, each store knew best what inventory it needed to keep shelves stocked and customers satisfied. Years ago in some organizations, central planning got a bad name when companies blindly enforced the same policy on disparate stores in diverse markets with different needs.
Arkieva
DECEMBER 7, 2016
For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Hence, reducing the need for an excess in inventory.
Supply Chain Opz
MARCH 26, 2015
Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations.
Logility
JULY 23, 2012
Recently, we were asked by the management of a manufacturer to help them assess why inventory levels were so high and trending upward. We went to the manufacturing plant to survey the scene, to see if we could determine the root cause of their inventory problem.
Logility
JULY 23, 2012
Recently, we were asked by the management of a manufacturer to help them assess why inventory levels were so high and trending upward. We went to the manufacturing plant to survey the scene, to see if we could determine the root cause of their inventory problem.
Supply Chain Shaman
OCTOBER 11, 2012
” CFO of a major manufacturer. This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. It is not an improvement in Days Receivable or Days of Inventory.
Unleashed
NOVEMBER 10, 2019
The nature of online businesses is significantly different in scale and operations to traditional retail outlets and as a result the scale of inventory stock can range from small home storage to vast, multiple warehouses facilities. Regardless of whether it’s a multichannel business, its size or nature of the business, it is essential to keep accurate records and track all the inventory stock items. Overselling inventory stock. Online inventory control systems.
EMERGE App
AUGUST 5, 2018
What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this.
EazyStock
FEBRUARY 7, 2020
Inventory Management, Business Growth & Expanding Product Portfolios. At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. Inventory Management Challenge 2: Expanding Product Portfolios.
Supply Chain Opz
MARCH 26, 2015
What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory control often starts with how to know the demand of particular product.
ThroughPut
JANUARY 28, 2019
Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management.
Kinaxis
OCTOBER 6, 2017
by Alexa Cheater Love them or hate them, it’s hard to escape the proposed sweeping changes to America’s trade policy put forth by US President Donald Trump. But what impact will his trade policy changes have on your end-to-end supply chain?
Enterra Insights
AUGUST 1, 2019
Every supply chain professional understands inventory is a necessary evil. Carry too little inventory and you can miss out on sales and anger customers. Carry too much inventory and you increase handling costs and cut into profits. Alexa Cheater ( @Alexa_Cheater ), Product Marketing Manager at Kinaxis, explains, “From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels.
Arkieva
SEPTEMBER 15, 2016
When it comes to inventory optimization , companies often have to play a delicate balancing game to ensure that they have optimal levels of inventory. If your forecast numbers are too high, you run the risk of holding costly excess inventory and reducing available cash on hand.
QAD
NOVEMBER 19, 2019
Next we will provide an overview of the Inventory Value Action Center as well as the associated key performance indicators (KPIs). Inventory Value Action Center Overview. Here’s a look at the KPIs included and how to use them to monitor inventory management effectivity.
EMERGE App
APRIL 20, 2020
They act as an intermediate party between manufacturers and retailers. So here are some points to consider in finding the “right” manufacturer or supplier for your wholesale business. Lower manufacturing quality and labour standards. Higher manufacturing costs.
Kinaxis
SEPTEMBER 3, 2014
Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Implementing a manufacturing process change, Resolving a significant quality issue? by John Westerveld. Here, there and everywhere | The economist.
Elementum
APRIL 4, 2018
US manufacturing activity dropped slightly in March. The import duties on aluminum and steel could affect many US stakeholders including automakers, aircraft manufacturers, food and beverage companies, and the construction sector. As manufacturers start building new supplier relationships, they should keep in mind a few steps to ensure that these relationships are both profitable and healthy. policy china trade international trade US
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