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. The establishment of efficient global supply chains has become critical to competitiveness.

Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

After finishing the Supply Chains to Admire report and the Youtube series (to be released this week), this is my feeling. What Is Supply Chain Excellence? The seven years of work on the Supply Chains to Admire is part of my quest to answer Keith’s question.

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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. With the introduction of digital supply chains, the industry is moving into an era arguably on par with the industrial revolution. 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.” Excess and obsolete inventory.

Supply chain inventory optimization – Beyond the analytics

Kinaxis

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge.

Rising Above Supply Chain Disruptions

DELMIA Quintiq

What they need is a supply chain solution that will enable them to stay on top of problems, minimize damage and stay ahead of competitors. It is a necessary part of supply chain risk management. To manage everyday risks and black swan events, you need a supply chain that is designed to be resilient in the face of disruptions. But what are the characteristics of a resilient supply chain? Are you making the most of your supply chain?

Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

For the first in seven years, I was not heads-down preparing for The Supply Chain Insights Global Summit. Pre-pandemic only 30% of supply chain leaders were satisfied with their supply chains, and during the pandemic, business leader satisfaction is falling precipitously.

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. Colin: What are some of the global trends currently impacting demand modeling, supply chain planning, and supply variability? But that’s not the only shift in manufacturing. It then uses this model to understand the impact of demand forecasting on inventory.

Transforming the manufacturing supply chain with MEIO

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft’s Bill Moffett and I collaborated on an introductory blog on MEIO for manufacturing businesses. On a much larger scale, manufacturers can forfeit working capital by keeping large amounts of inventory on hand to help satisfy wide-ranging customer demand. Successfully managing inventory is increasingly difficult.

Clouds are Gathering for an Open Platform for Supply Chain

ToolsGroup

If this challenging past year has taught us one thing, it is the value of connections–not only in our lives, but in supply chains. How supply chain disconnections disrupt service. 2030 vision: End-to-End supply chains that serve customers.

Responding to Supply Chain Disruption Amid COVID-19

AIMMS

It’s taking a profound humanitarian and economic toll , impacting supply cha ins in many ways. Our team put several resources together to help supply chain organizations navigate through this crisis safely. . The next 2-4 weeks are critical to understand the exposure throughout your value chain, take actions to address anticipated shortages , and ensure resource requirements to restart.

Blockchain in Supply Chain: 2 Ethereum-Based Projects That Demonstrate How Blockchain Can Improve Supply Chains

Cerasis

Supply chains are messy. Blockchain in Supply Chain Can Help. A manufacturer in China doesn’t read the specs on an order. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. The inefficiencies that plague supply chains have seemingly been around forever. Blockchain in supply chain changes that. Wrapping Up Blockchain in Supply Chain. Supply Chain

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. Colin: What are some of the global trends currently impacting demand modeling, supply chain planning, and supply variability? But that’s not the only shift in manufacturing. It then uses this model to understand the impact of demand forecasting on inventory.

Immediate Supply Chain Decisions for “Non-Essential” Manufacturers

CHAINalytics

The novel coronavirus (COVID-19) has created profound uncertainty, and catapulted the vulnerabilities of interconnected supply chains front and center. Supply chain managers who are experiencing supply risks, demand uncertainty, and “wait and see” leadership directives are asking: What should I do now? Contingency plans need to be … The post Immediate Supply Chain Decisions for “Non-Essential” Manufacturers appeared first on Chainalytics.

Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

In my work with Supply Chain Insights , I immerse myself in learning. I continually question my long-held beliefs on supply chain excellence. . When readers finish a Supply Chain Shaman blog, I want to drive a set of unique takeaways. Today, I am going to share five insights that I have gleaned from our work on Supply Chain Planning Benchmarking. Figure 1: Supply Chain Planning Benchmarking Methodology Overview.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. You can employ countless number of supply chain service providers who will help realized these cost reductions throughout the entire supply chain. The distributor maintains the inventory plan.

4 Key Trends to Watch in Smart Manufacturing and Supply Chain

Cerasis

Industrial IoT and big data are converging to enable demand-driven 'smart supply chains.' 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. Smart Manufacturing will Make Supply Chains Demand Driven not Forecast Driven.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

At Supply Chain Insights , as we combed through over 9000 quantitative responses on supply chain management from business leaders to understand what drives supply chain excellence in preparation for the Supply Chain Insights Global Summit , in the process, we proved Hau Lee’s theorem in the Famous Harvard Business Review Article, “Triple A Supply Chains.” First, great supply chains are agile.

Supply Chain Recognition in Times of Disruption

DELMIA Quintiq

Supply Chains and Integrated Logistics. The crisis generated by Covid-19 brought as one of its aspects, the notion of the extension of supply chains and integrated logistics, its impacts on the businesses of the companies, and the lives of people. In the current scenario, it became clear the perception of the links in the chain and the supply of products often have a long way to go before reaching the customer or consumer.

Top 6 Predictions for Supply Chain Planning in 2021 and Beyond

ToolsGroup

Over the year, COVID-19 introduced even greater complexity into the already difficult work of supply chain planning–and changed supply chain from a practitioner-focused topic to everyday dinner table conversation. Digital supply chain transformation will accelerate.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

A Better Approach for Changing Your Supply Chain Network and Balancing Inventory Levels

CHAINalytics

Determining the impact of manufacturing and distribution network changes on inventory levels, and the storage space that inventory will require, is a key function of supply chain network design. But, knowing exactly what you are optimizing though is essential to getting the … The post A Better Approach for Changing Your Supply Chain Network and Balancing Inventory Levels appeared first on Chainalytics.

The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

Prior to 2020, every supply chain in the world was challenged by increasing levels of demand unpredictability and market volatility. The sudden onset of COVID-19 only reinforced a lesson that supply chain professionals had already realized: uncertainty is the only real certainty.

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Revealing the Value of Additive Manufacturing in Aerospace and Defense

DELMIA Quintiq

What aerospace manufacturers need is agility in their design and production processes to help mitigate the variability in supply and demand. Additive Manufacturing is accelerating the development phase and reducing time to market.

How Barcode Scanning Can Revolutionize Your Inventory Management

DELMIA Quintiq

Effectively running and maintaining a successful warehouse in the modern supply chain is increasingly challenging. Implementing something as simple as barcode scanning can completely transform your inventory management system. inventory optimization and management. These systems require barcode labels or tags to be affixed to bins or individual inventory parts. Coupled with inventory management software, the codes become an extremely effective tool.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Let me start with a true confession: I am a manufacturing gal. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. In manufacturing, I became good at labor bargaining. Figure 1: Definition of the Supply Chain Organization.

Is Inventory Waste or an Asset?

Supply Chain Shaman

Next week is the annual Supply Chain Insights Global Summit , and summit preparation is on my agenda for the weekend. 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.” Inventory is both.

It’s Time to Connect Manufacturers and Suppliers within the Value Network

DELMIA Quintiq

A manufacturer’s operations are constantly exposed to the risk of inconsistent supply. When it happens, supply chain managers can sometimes face a level of disruption that goes beyond the threshold of correction. Upheavals in one country can heavily impact manufacturers worldwide, too. Manufacturers realized that they had no backup plans for the production of components critical to their operations.

The Bionic Supply Chain: The human, robotics, drones inventory management workforce.

PINC

If you happen to be in the Toronto area or are planning to attend the Distribution Logistics Summit in the first week of November in Toronto, Canada, I would like to invite you to attend the panel titled The Bionic Supply Chain. As markets demand not only efficiency but agility and flexibility from supply chains, next-generation models are successfully combining robotics, automation, and digital technologies to drive superior performance.

Your supply chain is costing you money – Reason #6 Not effectively managing inventory.

Kinaxis

by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. Physical inventories are not fun.

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 tension I felt reading the brochure on the plane is what I believe every supply chain leader feels every day. The technology world moves at a quicker pace than the world of manufacturing and distribution.

Inventory Management in Manufacturing Environment

LeanCor

Firms today are beginning to understand more and more that high levels of inventory aren’t just detrimental to costs but also for hiding other potential issues. Inventory management starts with lean buying and planning tactics as well as streamlined inventory management standard processes for material handling and planning. The beginning stage of inventory management doesn’t begin at the dock door rather it begins with the supplier. By: David Sherman.

Understanding supply chain dimensions to maximize ROI

Kinaxis

by Richard Cushing To improve supply chain management and to maximize the return on inventory investment, it’s imperative to understand the supply chain dimensions that help define how your inventory is consumed. So, in our example, 12-gauge 4-foot by 10-foot sheets (ItemID = 12GA-48X120 ) of metal are consumed in nearly 30 percent of all manufacturing BOMs. Supply chain dimensions easily escape attention.

Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

There’s still a strong demand for supply chain planning solutions, particularly ones with machine learning capabilities that can help clients rapidly adapt to the changing supplier situations and consumer demand that goes along with major disruptions like this. .

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

LEAN, Supply Chain Optimization, Logistics, Warehouse and Cost Reduction Consultant. Twitter Google+ LinkedIn The post How to Sustain a Lean Culture in Manufacturing & Supply Chain appeared first on Transportation Management Company | Cerasis. Lean Manufacturing Supply Chain lean cultureToday I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement.

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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. The supply chain is a complex system with increasing complexity. The Inventory Management Journey.