Why Inventory Revaluation Is Your Next Important Task

Unleashed

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. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

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. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

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Spindex is Building their Adaptive Manufacturing Enterprise

QAD

Today the company manufactures at four locations in Asia and employs more than 1,600 people. To provide consistency among the four manufacturing sites, QAD recommended a phased implementation process. Solution: Improving Inventory Visibility and Traceability.

Chinese New Year Shutdown 2020: How to Prepare

ShipBob

In mainland China (and even in other countries that celebrate the holiday such as Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, and Brunei), the Chinese New Year holiday is a very big deal. The upcoming Chinese New Year is on January 25, 2020, but the holiday shutdown can affect production times at China’s manufacturing companies for as long as two months as many workers travel back to rural villages to celebrate with friends and family. Increase inventory.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

As the fabric suppliers require the longest lead times, ZARA approves designs & initiates manufacturing after it gets feedback from its stores. Optimize global manufacturing capacities : Carry out a structured view of Mfg capacities by each plant, self as well as outsourced.

Mindmap for the Fashion & Luxury Goods Market

Supply Chain Movement

Adequate demand planning and accurate inventory investments are key to successful supply chain management in this fast-moving industry. Singapore. In this fast-paced world, where there is also increasing pressure to reduce the carbon footprint, global fashion and luxury goods manufacturers have to redesign their go-to-market strategy to meet demand in a cost-efficient and sustainable way: Plan.

Start selling on Amazon from India to the world in 2021

Vinculum

The business happens through 15 Amazon International Marketplaces in the Europe (Spain, France, Italy, Germany, Netherlands & UK), Americas (US, Canada, Mexico & Brazil), Asia-Pacific (Japan, Singapore & Australia) & Middle East (UAE, Turkey). Monitor your inventory.

India 52

Avoiding the bullwhip: Navigating volatile demand in a post-COVID world

Proxima

As it moves upstream, demand is amplified as retailers, manufacturers, and suppliers each apply an incremental increase to protect their individual operations from shortages. The result is increasing swings in inventory, known in logistic circles as the “bullwhip effect.”

The need to know

EFT

wholesale inventories revised to +0.4% wholesale inventories rose less than initially estimated in August, suggesting inventories were likely to build slowly after sliding in the early months of the coronavirus pandemic.

Staying Ahead of Supply Chain Paradigms – LogiSYM September 2020

The Logistics & Supply Chain Management Society

But alternative models are emerging, including distributed manufacturing enabled by robotics, artificial intelligence (AI) and 3D-printing, distributed intelligence brought about by the internet of things and distributed labor enabled by the internet and mobile devices. Demand sensing technology will help supply chain professionals to become smarter about the sales side, which helps to drive sales but also allows for better planning of logistics and manufacturing capacity.

Xiaomi & The Supply Chain Behind the World's Highest Valued Smartphone Startup

Elementum

High Quality Suppliers, Demand-Driven Manufacturing and Longer Device Lifetimes. In the end, his diligence paid off—Xiaomi now partners with the world’s most highly touted hardware manufacturers including Sharp, Foxconn, and Wintek. Xiaomi’s ecosystem of suppliers and reliable manufacturing partners is intimately tethered to the company’s strict policy of demand-driven manufacturing, designed to keep the company’s inventory and up-front production costs as low as possible.

India 76

Xiaomi & The Supply Chain Behind the World's Highest Valued Smartphone Startup

Elementum

High Quality Suppliers, Demand-Driven Manufacturing and Longer Device Lifetimes. In the end, his diligence paid off—Xiaomi now partners with the world’s most highly touted hardware manufacturers including Sharp, Foxconn, and Wintek. Xiaomi’s ecosystem of suppliers and reliable manufacturing partners is intimately tethered to the company’s strict policy of demand-driven manufacturing, designed to keep the company’s inventory and up-front production costs as low as possible.

India 81

Xiaomi & The Supply Chain Behind the World's Highest Valued Smartphone Startup

Elementum

High Quality Suppliers, Demand-Driven Manufacturing and Longer Device Lifetimes. In the end, his diligence paid off—Xiaomi now partners with the world’s most highly touted hardware manufacturers including Sharp, Foxconn, and Wintek. Xiaomi’s ecosystem of suppliers and reliable manufacturing partners is intimately tethered to the company’s strict policy of demand-driven manufacturing, designed to keep the company’s inventory and up-front production costs as low as possible.

India 73

Digitalisation of Supply Chains: Supply Chain Resilience, Responsiveness and Renewal – LogiSYM August 2020

The Logistics & Supply Chain Management Society

A huge emphasis is typically placed on lean manufacturing and just-in-time distribution, which helps firms save time and money by improving resource efficiency, reducing waste, and optimising their distribution networks. Taking a digital-first approach.

Top 13 Asian eCommerce Marketplaces

Vinculum

The undisputed world leaders in manufacturing and exports have also steadily taken over the e-commerce sphere, sitting pretty as the largest e-commerce market in the world. Digitization in the last decade and a half has also witnessed the emergence of Singapore, Malaysia, Thailand, Philippines, and Indonesia as other major forces in the Asian marketplace. Lazada’s product inventory ranges from consumer electronics and household goods to fashion and beauty products.

Decoding the cross-border eCommerce puzzle

Vinculum

The consumers in Malaysia, for instance, want to buy a product in Singapore can now buy it from their own country. The B2C affair is gradually overlapping the B2B segment as customers are willing to purchase products directly from foreign manufacturers and retailers.

Job opening: Global Supply Chain Director at Océ

Supply Chain Movement

A new global Manufacturing structure with new operating models has been created. Within this organization, you are responsible for global supply chain management activities across geographies (Netherlands, Germany, Canada and Singapore), successfully driving supply chain strategies and policies ensuring availability and on time delivery of products (print systems, parts, and OEM) to customers. In this position, you report directly to the Global Senior Vice President Manufacturing.

Top 6 Wholesale Distribution Trends for 2019

EMERGE App

They range from small-batch soap manufacturing to the distribution of sports car parts. It firmly cemented China as the world’s manufacturing hub. The voracious appetite of US consumers for goods — from Apple products to Xmas trees — saw China become the de facto manufacturer of consumer goods. They have come to grow dependent and accustomed to working with Chinese manufacturers and suppliers. Less affected are Singapore, South Korea, and Thailand.

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

In our work on the Supply Chains to Admire report , we tracked the progress of manufacturing, retailing and distribution companies for the period of 2006 to 2013 and 2009-2013. We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). Before taking her current position, she served in several capacities including Seagate’s product design and manufacturing facilities in the U.S.

Top 20: The Ultimate Logistics Technology Roundup

Freightos

Companies like GoGoVan or EasyVan in Singapore are leading the charge. 3D Printing : Almost 20% of manufacturers are already using 3D printing in their business to some extent. Next-Shoring, in which products are developed and produced closer to where they are sold, reducing inventory and shipping costs. Manufacturing Geek , @CamstarSystems ]. Feel like you keep on reading headlines about “ the Uber-ificiation of 3D printed big-data drones “?

Seco Tools: Cutting Edge Supply Chain Strategy Takes Shape

Logility

Seco Tools manufactures cutting tools made of steel, tungsten carbide and cobalt. Historically, customers held their own inventory. This became an expensive proposition for the industry, which gave way to placing the responsibility (and cost) back on the manufacturer to hold inventory and deliver it when needed. At first manufacturers held stock in-country. This created a vast and costly distribution network for manufacturers such as Seco Tools.

Tools 100

How COVID-19 is Battering Australia’s Imports and Exports

Logistics Bureau

Australian imports from China mainly comprise manufactured goods, including telecommunications equipment, IT products, furniture, home ware, clothing, toys, sports equipment, and televisions. Singapore, $14.7 Refined petroleum: Australia sources most of its refined petroleum products from Singapore, which, with 138+ confirmed cases, is also in the COVID-19 firing line. Unprecedented challenges in forecasting and inventory sizing throughout 2020 and perhaps even beyond.

Post-Pandemic Impermanence and 6 Actions to Take Now!

Supply Chain Game Changer

The move from China, even if to other more reliable-in-a-crisis countries like India, Mexico or Singapore, will come at considerable cost. Most, but not all companies, have ensured that their manufacturing know-how and secret sauce have remained inside their American engineering teams, but some may have had to relinquish control and exposure to those important day-to-day production details. Loss of manufacturing know-how is a loss of leverage. Manufacturing.

China 66

How Can We Heal the Global Supply Chain?

Supply Chain Shaman

In the last six months, in my travels, I have presented to supply chain teams in China, Belgium, France, Germany, Peru, Mexico, Netherlands, South Africa, Singapore, and the United Kingdom. The traditional manufacturing job defined the middle class. Each time, I turn on the channel, manufacturing jobs frame the global debate. Ironically, as global manufacturing jobs decrease, there is a need for talent for the global supply chain. Inventory Turns.

Global 221

Supply Chain Disruptions Are New Opportunities – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

In a highly globalised and integrated world economy, China plays a pre-eminent role as a manufacturing heavyweight – the factory of the world representing 17%-20% of world GDP. Unlike SARS in 2003, the Covid-19 pandemic has spawned an unprecedented Global health pandemic.

Updated IT Subway Map: Major acquisitions in SC software

Supply Chain Movement

Singapore. Because companies are increasingly outsourcing their manufacturing and logistics activities around the world, they are also more exposed to disruptions in the supply chain. Such a system enables those companies to fulfil orders flexibly by dispatching the goods from various inventory points (e.g. The supply chain software industry is in a considerable state of flux. Three large, international take-overs are changing the face of the market.

The Emerging Supply Chain Wars

NC State SCRC

Even the World Trade Organization chief economist Patrick Low describes these “hybrid value chains” as different: “The physical and the digital, the manufacturing and the services, and the value-added from intangible factors such as competence and reputation are simply not captured by today’s statistical methods”. [1] Moreover, he predicts that local prototyping and mass production could bring about a severe long-term contraction in global shipping, inventories, and warehouses.

The India supply chain revolution

Supply Chain Movement

This was meant to incentivize companies to manufacture locally, and indeed many did, either by outsourcing or creating micro-factories in most of India’s 29 states, despite volumes that might have more naturally led to larger economies of scale in consolidated production facilities. Manufacturers must work through a very highly fragmented patchwork of small distributors who tap into these networks and manage the complexity on behalf of the manufacturers, explained Reddy.

India 60

KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Inventory stock turns in Days. Inventory management. Production/manufacturing. Inventory levels. Supply Chain KPIs are Essential – The Right Ones! The information on this page WILL help you get it right. Many people get really confused about KPIs or Key Performance Indicators in Logistics and Supply Chain operations. Which ones to use?… … How many to use? Sadly it’s not such an easy question to answer. Of course they need to be SMART.

KPI 77

Top eCommerce marketplaces in Philippines

Vinculum

Making the transition from an agricultural society largely to an economy now dependent on services and manufacturing has seen a rise in the average citizen utilizing technology to better effect. The stock warehouse with a vastly diverse inventory concept is still gaining prominence in the Philippines and hence Galleon.ph The popularity of the website has seen it expand its wings to Singapore, Indonesia, Malaysia, Brunei, Thailand, Vietnam, Hong Kong, and Taiwan.

Xiaomi: Rapid growth of a mobile internet company in China

The UCLA Anderson Global Supply Chain Blog

Founded in 2010 by seven partners (including current CEO Mr. Lei Jun) with investment from Temasek Holdings (an investment company owned by the Singapore government), Chinese venture capital funds IDG Capital, Qualcomm, etc.,   However, it outsourced the manufacturing operations of the phone to Foxconn.   To capture the middle market, Xiaomi’s phone is priced between Apple/Samsung and Lenovo/K-Touch (major Chinese cellphone manufacturers).

China 60

Time for Value Chain 4.0?

Supply Chain Shaman

It’s a lazy day for me in Singapore. The effect was primarily on office productivity and entertainment, but not on manufacturing. Stuck today, nine out of ten companies struggle to improve performance at the intersection of operating margin and inventory turns. “We can see the computer age everywhere, but in the productivity statistics.” ” Robert Solow, Economist, 1987. I spent a jet-lagged day reading by the pool.

Perspectives on the Global Trade Environment: A Panel Discussion

NC State SCRC

Even if AAP or other auto part companies wanted to move production, there is no manufacturing capacity in the US or anywhere else, so creating redundancy in this case is very difficult. Andrew Partis shared his views from ThermoFisher, a global contrat manufacturer for the pharmaceutical industry. In support of that global reach, Cheniere has additional offices in London, Singapore, Washington, Beijing, and Tokyo. That is the best gauge of where we should be manufacturing.

This Week in Logistics News (February 29 – March 4, 2016)

Talking Logistics

MNX Global Logistics Acquires Specialty Aviation 3PL Aero Express Logistics in Singapore. In recent quarters, Target has struggled with inventory shortfalls as it tried to cater to online and in-store shoppers at the same time. As I discussed recently with Doug Kimball from JDA Software, omni-channel is also having a significant impact on manufacturers and their supply chain and logistics processes.