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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”.

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. SCM systems provide a strategic advantage and business insight to companies and their operations. SCM Fundamentals.

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What is Manufacturing ERP?

OptiProERP

What distinguishes Manufacturing ERP from other ERP systems? ERP started in the manufacturing industry, but it headed off in new directions. Most ‘front-office’ functions, such as such as Customer Relationship Management (CRM), e-Commerce, Supply Chain Management (SCM), and Business Intelligence (BI) were added from 2000 onwards, as the internet allowed interconnectedness and access for employees, customers and vendors. Defining Manufacturing ERP.

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.

Manufacturers bouncing back after COVID using low-code technology

TrackVia

The COVID-19 pandemic continues impacting manufacturers in an unprecedented way, globally hitting demand, supply, and workforce at the same time. The global manufacturing and supply chain ecosystems have been among the hardest-hit sectors by the COVID-19 pandemic.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Source: Dictionary.com. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. SanDisk Corporation designs, develops and manufactures flash memory storage devices and software. The company is the third-largest manufacturer of flash memory in the world. The use of inventory postponement strategies and the design of buffers was the focus of Kehat’s presentation.

SCM Technology Leaders JDA and RedPrairie to Merge

Supply Chain Network

To address ever-increasing complexities, manufacturers and retailers increasingly seek best-of-breed solutions and specialized domain expertise for planning and execution. This unique combination will provide retailers and manufacturers with extraordinary capabilities to meet the needs of hyper-connected, mobile consumers. It will be the single best source of software products and domain expertise for manufacturers and retailers.

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Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock. If you are looking for warehouse cost reductions, chances are you are stocking too much inventory. Understand Data Integrity to Reduce Inventory Costs. Source: [link].

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Get Your Manufacturing Processes in Gear for the Holidays

Oracle SCM

Every year during the holidays, anxiety hits shoppers, retailers, and manufacturers alike about whether the season’s hottest products will face shortages. For manufacturers, at least, it doesn’t have to be this way. Many manufacturers lack the end-to-end supply chain visibility and flexibility needed to plan for demand spikes, but you can improve your demand-planning capabilities by outsourcing at least some of your production processes.

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What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. I worked in Materials Handling, Packaging Engineering, Warehouse Space Planning, Resource Planning, Procurement, Inventory Management and Control, Production Control, Systems Management and other areas. SCM involves the flow of materials, finances and information.

Your supply chain is costing you money – Reason #5 Not having a supply chain risk management process

Kinaxis

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. If your demand decreases, you have excess inventory or idle capacity. Mitigating Risk – inventory tracking and dual sourcing are considered to be the most effective risk mitigation strategies. by John Westerveld Reason #5: Not having a supply chain risk management process.

Is S&OP an expensive band aid?

Kinaxis

Islands of information: Over the last two decades organizations made quite a bit of investment into Supply Chain Management (SCM) systems. These systems span across functions such as demand planning, supply planning, inventory planning, etc. Majority of the established vendors in the SCM space have grown into these disparate planning functions through acquisitions. Sales and operations planning (S&OP) Supply chain management S&OP Sales and operations planning SCM

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Manufacturing 4.0 in academia & practice: How SupplyOn contributed to the MIM 2019 conference

SupplyOn

More than 750 participants from 51 countries all over the world came to discuss the latest trends in Manufacturing 4.0 Susanne Meyer, Vice President of the HWR Berlin, who were both the driving forces behind this conference, also emphasized this unique opportunity to learn from each other in the context of modelling, management and control of manufacturing processes. and smart manufacturing systems to inventory control and supply chain management (SCM).

Confessions of a High Priced Expediter!

Supply Chain Game Changer

The manufacturing lines were up and running and we were meeting our customer commitments again. The spreadsheet format I developed to track the status of each part was critical because it became the document of record and the single source of the truth. The local buyers at each manufacturing location had the real day to day insight as to what was going on but they didn’t have the supplier contacts to resolve their issues. Subscribe Here! Email Address.

Supply Chain Risk Management: Risks of Relocating a Business ‘China to Vietnam’

The Logistics & Supply Chain Management Society

Customer service, parts shortages, unprecedented inventory growth, and warrant management can actually take up internal sources and affect profit margins. This could cause failure to manage inventory, causing disruption to the business, resulting in stock-outs.

A “Swiss Army Knife” of Supply Chain Talent Requirements: Views from a Former Wolfpack Student

NC State SCRC

He became a director at that point, working with sales planning, inventory planning, and financial planning, and pulling together the Sales and Operations Planning team, as well as introducing new products and eliminating obsolescence. This was a new era for Marsh, as it involved moving towards a much more centralized approach to SCM. The are a regional make to order kitchen cabinet manufacturer, and have two primary sales channels of modular kitchen and bathroom cabinets.

Three new year’s resolutions for your supply chain

The Network Effect

This seems obvious if you’re a retailer, but even manufacturers and logistics providers are realizing that to succeed in the coming years they’ll need to be able to see and respond more quickly to actual end-consumer demand. A recent Deloitte survey of 600 executives at manufacturing and retail companies found that 63 percent were highly concerned about risks within the extended supply chain comprising vendors and customers, ranking it among their top-two concerns.

A Case Study in Reverse Logistics Optimization!

Supply Chain Game Changer

The application of advanced forecasting and planning methodologies improve inventory management in a critical, high-volume repair business, dramatically reducing costs and fulfillment cycles while improving customer satisfaction. When one of the world’s leading manufacturers of personal computers set new goals for its European operations, ModusLink was there to help. Difficulties forecasting demand in a high-volume repair environment caused inventory costs to skyrocket.

Quantum Leap to the Top 10 Supply Chain Skills of the Future!

Supply Chain Game Changer

It is important to know that these changes are not just impacting Manufacturing, Engineering and I/T. Advanced robotics can be implemented within both your Manufacturing facilities and your Distribution Centres and all movement can be monitored, managed and adjusted from a Control room. They must be able to work with I/T, Engineering and Manufacturing collaboratively so that they can create the future! Organization #SupplyChain #Technology #Jobs #SCM #Future #HumanResources.

Are We Facing the End of Supply Chain Management?

Supply Chain Game Changer

The HBR article outlines an interesting development: more retail and manufacturing companies are adopting “digital control towers” for their supply chains. Picture an airport control tower, but for supply chain management: staffed 24/7, full of large screens full of 3d graphical representations of potential bottlenecks and inventory shortfalls all the way from order to delivery. SCM #SupplyChain #technology #automation #IoT #AI #digital. Subscribe Here! Email Address.

Seasoned Leadership in Action™ – An Interview with Scott Cleaver, COO at ecobee!

Supply Chain Game Changer

The next 5 years were pivotal in my career as I was exposed to many other aspects of Supply Chain and Manufacturing. I was now in a position working with 30+ manufacturers and managing hundreds of sku’s with expected life cycles of a few months to a few years. Utilizing my skills and experience in Supply Chain, Manufacturing and Customer Support to go and position ecobee for long term success has been amazing. SCM #SupplyChain #Technology #ecobee #leadership #executive.

ERP For Small Business: 10 Features You Need To Accelerate Growth

IQMS

Bottom Line: The most successful small business manufacturers rely on ERP to drive faster growth and keep customers for life by improving product and service quality and reducing costs through operational improvements. When you’re a small business manufacturer, the quality of the last orders delivered says more about you and what you care about than everything you spent on marketing last year. ERP Features That Drive Grow For Small And Medium Manufacturing Companies.

To Centralize or to Decentralize? That is the Organization Design Question!

Supply Chain Game Changer

Outsourcing Sourcing! Planning, Scheduling, Sourcing, Costing and Pricing, Commodity/Category Management, Buying, Logistics Management, Inventory Management, Quality Management and many other functions are all a part of the Supply Chain. manufacturing locations, distribution centres), geographically dispersed suppliers, and international customers the need to determine whether a centralized or decentralized structure is critical. Subscribe Here! Email Address.

Seasoned Leadership in Action™ – An Interview with Scott Cleaver, COO at ecobee!

Supply Chain Game Changer

The next 5 years were pivotal in my career as I was exposed to many other aspects of Supply Chain and Manufacturing. I was now in a position working with 30+ manufacturers and managing hundreds of sku’s with expected life cycles of a few months to a few years. Utilizing my skills and experience in Supply Chain, Manufacturing and Customer Support to go and position ecobee for long term success has been amazing. SCM #SupplyChain #Technology #ecobee #leadership #executive.

The Supply Chain Control Tower! An Assessment!

Supply Chain Game Changer

Here are some of the key capabilities to look for in a control tower solution: End-to-end Visibility – visibility across supply chain partners, including suppliers, contract manufacturers, transportation carriers, third-party logistics. Image Source: Slideshare. Inventory management – Reduction in shortages/stock-outs & Improved warehouse and transport inventory. SCM #SupplyChain #Technology #Industry40 #Digital #Leadership. Subscribe Here!

[INFOGRAPHIC] Industry 4.0: Powered by the Internet of Things & Digital Manufacturing

Cerasis

At Cerasis, a core value of ours is continuous improvement for not only our company, our clients, and employees, but through our blog and content to those who are related to what we do (transportation management) in the fields of manufacturing, supply chain, logistics, distribution, and transportation. Shippers, especially manufacturing companies, are then empowered further by the convergence of technology. The Internet of Things will Power Digital Manufacturing.

Reverse Logistics and the Power of Your 3PL!

Supply Chain Game Changer

Refurbishing services are only one of the many reasons a company would need to ship a product back to its source. As much as American consumers enjoy buying new goods, they also frequently return items they’ve bought, making it necessary for logistics managers to figure out the best way to get products back to the manufacturer. SCM #SupplyChain #reverselogistics #repair #recycling #aftermarket. Subscribe Here! Email Address.

Understanding Supply Chain Management

SupplyPike

Supply Chain Management (SCM) is a systematic and controlled procurement operation. These activities can involve storage and transport of inventory or supplies, monitoring of day-to-day activities, the preparation behind these processes, and blending these different components throughout the supply chain. SCM performance directly impacts an organization’s general performance. Most manufacturers depend on just-in-time (JIT) manufacturing policies. Inventory Map.

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Commodity (or Category) Management – What is your Buying Strategy?

Supply Chain Game Changer

Commodity Management includes responsibility for Supplier sourcing, relationship management, industry and market analysis, quotations, terms and conditions, negotiation strategy, and business awards. This also includes strategies regarding the movement of materials, inventory, cash cycle management, and understanding and setting trends and direction. Inventory levels – days of supply, rapid replenishment capabilities, upside/downside flexibility levels. Subscribe Here!

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

What is Supply Chain Management (SCM)? “Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product’s flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible. These jobs could involve working in a Warehouse, Distribution Centre, Manufacturing operation, or in an Office environment, or all of the above. Subscribe Here!

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Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor! Subscribe Here!

New Flex CEO Revathi Advaithi Highlights our LIVING Supply Chain Book

NC State SCRC

I recently learned that the new incoming CEO of Flex, one of the largest global contract manufacturers in the world, has highlighted the book I wrote with Tom Linton last year called the “LIVING Supply Chain: The Imperative of Operating in Real Time” The CEO, Revathi Advaithi, noted in one of her opening messages to shareholders and the public, that real time data is essential for delivering supply chain accuracy.

Disaster Strikes!!! Is Your Supply Chain Ready To Recover?

Supply Chain Game Changer

Key nodes in your Supply Chain, whether they be Suppliers, Manufacturing Plants, Distributors, Customers, Logistics Carriers, or other Channels should be well defined. As such you need to consider how to mitigate this impact in your Sourcing strategy. Depending on your business you should consider dual sourcing opportunities, new supply contingencies and alternatives, supplier readiness, process and equipment redundancies, and outsourcing options. Inventory Positioning.

To Centralize or to Decentralize? That is the Organization Design Question!

Supply Chain Game Changer

Check out Outsourcing Sourcing! Planning, Scheduling, Sourcing, Costing and Pricing, Commodity/Category Management, Buying, Logistics Management, Inventory Management, Quality Management and many other functions are all a part of the Supply Chain. manufacturing locations, distribution centres), geographically dispersed suppliers, and international customers the need to determine whether a centralized or decentralized structure is critical. Subscribe Here!

Seasoned Leadership in Action™! An Interview with Michael Massetti, VP at Gartner!

Supply Chain Game Changer

The biggest career transformation for me was after leaving Dell when I joined Lucent in 2002 and entered supply chain in technology sourcing. We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. The team reduced finished-goods inventory by 50% and reduced the assembly and test line production variances by 50% in 9 months. SCM #SupplyChain #Business #Leadership #HumanResources.