SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

When I hear companies discussing the implementation of a customer segmentation strategy, I ask a series of questions: Who is your customer? What are you trying to accomplish through the execution of a customer segmentation strategy? 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’s Journey to Build a Supply Chain Customer Segmentation Strategy.

Realizing the Value of Supply Chain Optimization for Tire Manufacturing

DELMIA Quintiq

New technologies revolutionizing transportation are creating tremendous opportunities but also unprecedented challenges for tire manufacturers. Leveraging DELMIA’s planning solution, powered by the 3D EXPERIENCE platform, tire manufacturers can realize these benefits: Long-term benefits.

Insiders

Sign Up for our Newsletter

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

Inventory Management Techniques and Strategies You Need to Know

Schooled by Science

Good inventory management techniques are crucial for logistics operations. The post Inventory Management Techniques and Strategies You Need to Know appeared first on Schooled By Science. Manufacturing & Engineering

Taking a Holistic View on Inventory May Lead to Change in Strategy

Talking Logistics

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. The good thing is that companies are beginning to appreciate the importance of inventory form and function instead of narrowing it down to just setting optimal safety stock targets. Asking the Right Inventory Questions.

10 Small Business Inventory Management Tips!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Small business inventory management tips article and permission to publish here provided by Simcha Michael. Let’s look at our highly recommended small business inventory management tips! Subscribe Here! Email Address.

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

Top 10 2020 Manufacturing Trends

IQMS

Bottom Line: 2020 manufacturing trends are driven by manufacturers’ strong confidence in their ability to deliver high-quality products that earn repeat orders while delivering excellent customer experiences. Running lean and struggling to find the employees they need to keep up the pace of production across their shop floors, small and mid-tier manufacturers are prioritizing Inventory Control and Scheduling to make themselves as efficient as possible.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. I was moving from the world of manufacturing to a new world of software. The technology world moves at a quicker pace than the world of manufacturing and distribution. The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study.

Take Advantage of Digital Manufacturing to Improve Workforce Productivity

DELMIA Quintiq

Much has been done to improve manufacturing efficiency. Supply chains have been optimized; warehouse inventory tracking has reached new levels of precision; production lines can operate with virtually no downtime. As the common linchpin that brings together all manufacturing activities, has this metric improved along with all the investment in new technologies? Digital Manufacturing as an Enabler of Workforce Productivity.

Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.” His feeling was that inventory is an asset to manage. Inventory is both. Inventory management is a complex subject.

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” To deliver business transformation, the gap between company goals and digital supply chain strategy needs to close. Excess and obsolete inventory.

11 Inventory Management Best Practices

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Use ABC Analysis to Categorize Your Inventory. Recognize the Relationship Between Sales and Inventory.

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

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.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. Inventory is the culmination of many business decisions. The Inventory Management Journey.

Lean Manufacturing

LeanCor

A motor manufacturer’s warehouse space and on-hand materials were growing exponentially as it received, processed, and stored material for potential future use. As a result, warehoused inventory increased from one to seven warehouses due to lack of a defined inventory and replenishment strategy. LeanCor used PFEP as the foundation of the future state parts strategy and 5S to sustain optimal inventory levels and locations.

Lean 186

Business Adaptability – A Core Survival Strategy

QAD

For organisms, the strategy is simply to survive, but organizations, regardless of the industry, size, or location, have an additional objective. Unlike simple organisms, organizations are composed of individuals who also have their own individual objectives and survival strategies. As a result, organizations develop rules and strategies that govern how employees and stakeholders interact with each other, and with suppliers and customers.

Time for Manufacturers to Throw Out Old Ideas About Inventory Management

Supply Chain Brain

Innovative supply-chain strategies that seemed so perfectly attuned to current purchasing patterns have turned out to carry a lot more risk than their creators could ever have imagined

5 Ways to Improve Supply Chain Strategy

OneSCM

But fortunately, a few adjustments to supply chain strategy can go a long way. No matter what other changes you might make to your supply chain strategy, chances are you’re relying heavily on digital operations at this point. Anything from production, to driver communications, to in-store inventory management can now happen via automated and/or cloud-based practices. Lastly, it’s also wise to work sustainability into your supply chain strategy adjustments.

Omnichannel In Manufacturing: Why Manufacturers Are Following Retailers to an Omnichannel World

Cerasis

The application of omnichannel in manufacturing primarily focuses on the collaboration between suppliers, or vendors, and distributors. The Problem: Seamless Omnichannel Experiences Extend Beyond Retailer-Customer Relationships Keeping up with customers’ demands has natural implications for business-to-business sellers, including manufacturers. Manufacturers still using disjointed processes and operating in functional silos are unable to keep up with demand.

Trends In Manufacturing: 5 Tangible Technologies are Shaping the Future of Manufacturing Now

Cerasis

Continuous improvement is part of the game in manufacturing. Among the new trends in manufacturing improving the industry, additive manufacturing and cloud-based systems will push manufacturing forward in 2017. In fact, rapid design and lightning-fast prototyping, reports Mark Dohnalek of Manufacturing Business Technology magazine , will allow manufacturers to design and produce products in a few days, if not hours. Manufacturing

Stand Out Digital Supply Chain Strategies!

Supply Chain Game Changer

Digital Supply Chain strategies article and permission to publish here provided by Alejandro Carrera. Effective digital supply chain strategies can help organizations stand out from the crowd. Digital Supply Chain Strategies. The post Stand Out Digital Supply Chain Strategies!

How Food Manufacturing Software Drives Profit [w Case Studies]

Unleashed

Effective inventory management is crucial to reducing costs in any manufacturing business. Cost reductions in food manufacturing can be achieved by using food manufacturing software that improves ordering processes and minimises overstocking of expensive raw ingredients.

Process Based Inventory Turnover Improvement!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. Too much inventory, especially the wrong inventory, can negatively impact cash flow, return on investment, customer satisfaction, and profitability.

Manufacturing Day 2017: [Infographic] The Evolution of Inventory Management Strategies

Arkieva

When you talk to any manufacturer no matter how large or small about their concerns, improved inventory management is bound to be a part of the conversation. To celebrate manufacturing day today, we thought it would be beneficial to take a closer look at how inventory strategy keeps evolving using an infographic from Arkieva based on research conducted by Aberdeen.

Just-in-time Manufacturing – A Manufacturer’s Guide to Effective Inventory Management

ThroughPut

What is Just-in-time Manufacturing? Just-in-time (JIT) manufacturing is described as a production model in which products and services are produced to meet specific demand and not necessarily created in surplus, in deficit, or in advance of actual need. The purpose of JIT manufacturing is to avoid the waste associated with overproduction, holding stocks and excess inventory, to help manufacturers control the process variability and help increase productivity while lowering costs.

Just-in-time Manufacturing ? A Manufacturer?s Guide to Effective Inventory Management

ThroughPut

What is Just-in-time Manufacturing? Just-in-time (JIT) manufacturing is described as a production model in which products and services are produced to meet specific demand and not necessarily created in surplus, in deficit, or in advance of actual need. The purpose of JIT manufacturing is to avoid the waste associated with overproduction, holding stocks and excess inventory, to help manufacturers control the process variability and help increase productivity while lowering costs.

Take Advantage of Digital Manufacturing to Improve Workforce Productivity

DELMIA Quintiq

Much has been done to improve manufacturing efficiency. Supply chains have been optimized; warehouse inventory tracking has reached new levels of precision; production lines can operate with virtually no downtime. As the common linchpin that brings together all manufacturing activities, has this metric improved along with all the investment in new technologies? Digital Manufacturing as an Enabler of Workforce Productivity.

Advantages and Pitfalls of Push and Pull Strategies in Distribution Networks

Kinaxis

The most common strategies for moving from upstream to downstream sites are push and pull strategies , or some mix of both. A pull strategy is when customer demand drives the entire production process. On the other hand, a push strategy is when production is based on long term customer forecasts. There are pros and cons to using push vs. pull strategies within your distribution network. Supply chain management Push and pull strategy push vs. pull strategies

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Lean Manufacturing

LeanCor

A Systems Approach to Inventory Management. Inventory Management. Inventory is not isolated to raw materials and finished goods. Companies will carry inventory masquerading as service parts, repair items, administrative suppliers, automobile fleets, and a host of other types of assets that are managed by setting and maintaining certain levels. The problem is that almost every function inside an organization can affect inventory levels. Transportation strategy.

Lean 131

E-Commerce Shipping Strategy Challenges to Consider for Perfect Implementation

Cerasis

The path to perfect implementation of a new e-commerce shipping strategy is not always clear, and it comes with several challenges that can undermine the efficacy and cost-effectiveness of e-commerce. Shippers need to understand these challenges, the characteristics of an e-commerce shipping strategy and a few best practices to overcome such issues.

When is Inventory Too “Lean”? Finding the Right Balance

ToolsGroup

I learned about “lean manufacturing” (or simply “lean”) back in the 1990s when I met James Womack and read his book “ The Machine that Changed the World ”. But we have also seen companies misinterpret the lean message when it comes to inventory. It's good to trim bloated inventory and free up working capital. And we especially don’t want an environment where a shift in demand or a contraction in the business cycle leads to eating huge inventory losses.

Lean 216

Distribution Management: Top 6 Factors That Influence Distribution Management Strategy

BR Williams Supply Chain Management

Warehouse inventory management systems (WMS). The ideal situation for any retailer or manufacturer is to have just enough inventory on hand to sell or to keep production lines running smoothly. Warehouse inventory management systems (WMS). What is Distribution Management?

What’s New in Inventory Optimization?

ToolsGroup

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability. He reiterates why his firm sees inventory optimization (IO) solutions as so important. Interestingly, he notes that while most companies justify inventory optimization based on inventory savings, improving service to customers is actually the biggest motivation and payback in most projects.

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits. The place to start for a more efficient inventory stocking strategy is better understanding your demand so you can precisely predict how much goods you need, where and when.