Remove Inventory Remove Metrics Remove SCM Remove Transportation

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

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. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. In business there are many drivers of inventory, and the management of inventory levels requires discipline and a cross-functional focus. What Drives Inventory Effectiveness?

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.

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Seasoned Leadership in Action! An Interview with Paul Kretz, Head of SCM at Church & Dwight!

Supply Chain Game Changer

That is how I got into logistics management and gained deep warehousing and transportation experience. Tight timelines, customer escalations, engineering problems, board presentations, inventory variances etc. In SCM I think that the changes have been seismic. The departments were called production and inventory control, warehousing and transportation. How to trade off inventory and transport costs? Have balanced, relevant and valid metrics.

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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. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain.

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Supply Chain KPIs You’ll Want Every Morning

Logility

Never completed ERP/SCM implementation. Failed SCM implementation causes shipping errors. in inventory write-down and 20% drop in stock value. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain.

Why a network model makes sense for today’s automotive suppliers

The Network Effect

Ship according to a latest set of transportation routing instructions. Identification and measurement of key trending metrics on a weekly or monthly basis, with an emphasis on corrective action planning to address metrics that don’t meet goals. From a measurement perspective the key trending metrics at a high level include: Supplier on time delivery. Auto Many-to-Many Network SCM cloud many-to-many network

Supply Chain Manager – A “Green” Superhero

Logility

For example: Optimizing a distribution network not only reduces logistics costs but, in most cases, reduces carbon emissions through fewer transportation miles and/or less inventory holding costs.

5 Seismic Shifts in Supply Chain Technology!

Supply Chain Game Changer

Decision support includes all forms of planning: demand, supply, revenue, manufacturing, and transportation. For example, some companies are exploring how drones using machine learning can perform real-time inventory counts in warehouses, and others are considering how self-driving vehicles can be used for deliveries. What we have are historical practices and stalled progress on metrics. SCM #SupplyChain #Industry40 #Technology #AI #IoT #Robotics #Business #Leadership.

Making Supply Chains Fit for Function

Enterra Insights

The basics of supply chain management (SCM). ”[2] The staff at Advanced Transportation Systems (ATS) adds, “Supply chain management deals with the procedures encompassing sourcing components a company requires to develop its products or service to deliver the end product to customers. If you want to develop a robust SCM strategy, you have to look at the entire ecosystem. Cecere asserts that collaboration is a key to SCM success.

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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. By building common metrics and targets and jointly monitoring progress – companies avoid the misaligned incentives that damage so many collaboration efforts. Lower transportation and warehousing costs.

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. The procurement of materials and goods and services, and the timing of this procurement, payment terms with suppliers, and the buildup and disposition of inventory all dramatically impact the amount of cash that a company has and uses. Procurement #SCM #SupplyChain #HumanResources #Business #Leadership.

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

The links between these nodes are the freight, transportation and logistics players who move the goods throughout the Supply Chain. Trucks, Ocean Freighters, Planes, Rail, and Vehicle transportation all consume energy in the provision of their services. From an environmental standpoint this usually creates the need for intercontinental and transoceanic transportation, which by definition is a driver of carbon emissions. are generated by transportation. Subscribe Here!

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

Co-location of supply chains will reduce disruptions, complications with transportations, government regulations, etc. When it is not in motion, it is classified as inventory. My first Monday in, I asked for a full report of all our supply chain metrics, and my analyst told me he could get it to me by Friday. But this took time – we had to “defrag” our supply chain, and eventually I learned we had 59 days of inventory.

Are you a supply chain superhero?

DELMIA Quintiq

Yes , we can do it, but here is the trade-off on extra inventory and transportation cost. Turning customer focus from an idea to something practical is often achieved with metrics. Find the links between supply chain metrics – cycle time, inventory, service level, etc. – and business value metrics – revenue growth, profitability, customer loyalty, etc. –

9 Steps to Establish the Lean Supply Chain: A System of Interconnected & Interdependent Partners

Cerasis

There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success. o Transport—unnecessary movement of product. o Space—holding places for unnecessary inventory. o Inventory—inactive raw, work-in-process, or finished goods. o Packaging—containers that transport air or allow damage. Inventory velocity and inventory reduction.

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Is Apple Supply Chain Really the No. 1? A Case Study

Supply Chain Opz

Inventories can become obsolete or exceed the anticipated demand. So this section will explain some characteristics of Apple Supply Chain through various metrics and compare them with Amazon Supply Chain. Inventory Turnover. Inventory Turnover is a traditional financial measure to determine how efficient company uses its financial resources to create sales, the higher number is the better. Generally accepted calculation is [Cost of Goods Sold / Average Inventory].

Make Your Supply Chains Less Complex – and Less Wasteful!

Talking Logistics

Author’s Note: Below is an excerpt from Moving Up the Supply Chain Maturity Curve: The Process Industry Executive Agenda for 2016 and Beyond , a white paper published earlier this year by Elemica with research conducted by Adelante SCM. Mariotti states that you first have to measure it, and he outlines several metrics and techniques in the book, including ranking customers by annual sales, profit, and gross margin percentage.

Reflections on Integrated Supply Chain Planning

Supply Chain Shaman

This week, I am finishing two reports: Sales and Operations Planning, and Inventory Optimization. While there are some exceptions (Cap Gemini has a strong practice in the implementation of Oracle transportation planning and E&Y has built some great technologies to augment the gaps in APO demand planning, and KPMG has some great knowledge of business networks), in general, big consultants are not good at implementing supply chain planning.

Supply Chain at Your Fingertips

Logility

Bryan Ball highlighted the top disruptive supply chain trends including the increasing speed of business, talent and training, and measurement and metric alignment. Sean Willems delivered a master class on why optimized inventory policies are crucial to profit-enhancing segmentation strategies that achieve differentiated service levels and maximum return on investment. Cloud. Mobile. On Demand. Analytics Everywhere.

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Top Supply Chain Articles of 2015

Cerasis

As we head into 2016, we are featuring our most read articles of 2015 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. The new year will then bring series on trends and on the state of some of the business functions and technology used in proper transportation and logistics management. The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI. We never ran out of or had too much inventory.

‘Best in Class’ Supply chain from a Road warrior perspective – Part 4

Kinaxis

by Carol McIntosh Insight #4 – Embracing Supply Chain Technology as a way to change SCM. When I refer to supply chain technology, I am talking about software to support the fundamental supply chain business processes — Demand, Supply, Inventory Planning, and Sales and Operations Planning. We have electric cars, new transportation systems, wind turbines, solar panels. You inventory is in the wrong place at the wrong time.

#15 in 15 years ….not bad! NC State breaks into the Gartner Supply Chain Program Rankings

Supply Chain View from the Field

Our program engages our 20 top corporate partners to develop projects across a wide variety of different areas, including market intelligence, logistics, inventory, value stream mapping, cost management, supply management, transportation, performance metrics, and others (see Project Breakdown ,).

Nine Myths of S&OP Technology Selection

Supply Chain Shaman

In addition, 85% of the vendors in the multi-tier inventory optimization market that I wrote about in 1995, are now part of larger platforms. The problems are tough: issues like alternate bill of materials, floating bottlenecks, constraints, customer segmentation strategies and multi-tier inventory optimization requires robust technology. To do S&OP well, which leads to cost savings, improved customer service and better inventory, the company must effectively model supply.

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My Take: E2open Buys Terra Technology

Supply Chain Shaman

In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. In July 2013 E2open announced it acquired supply chain vendor icon-scm , and in June 2014 E2open announced its acquisition of SERUS Corporation, a “cloud-based manufacturing and product management provider.” Worst Scenario: The worst scenario is that the Terra Technology acquisition goes badly like the icon-scm acquisition.

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Lean initiatives and the Supply Chain

The Lean Supply Chain

There should be metrics involved to monitor these objectives to insure success across the supply chain.These metrics should be reviewed frequently to insure supply chain success. o Transport—unnecessary movement of product. o Space—holding places for unnecessary inventory. o Inventory—inactive raw, work-in-process, or finished goods. o Packaging—containers that transport air or allow damage.

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A Wolf in Sheep’s Clothing? Acronym Babble? Digital Icing on a Stale Cake? Yes, I Think So.

Supply Chain Shaman

The old terms of CRM, PLM and SCM have lost meaning. By giving up the constraints of the enterprise acronym babble, companies can make market-driven orchestration across the network of 3PLs, suppliers, transportation providers, and third-party cloud-based solutions a reality. Multiple channels are competing for inventory and this requires a new form of interoperability. It requires a rethinking of the role of the store and the redesign of metrics.

50 expert tips on supply chain management

6 River Systems

Importantly, flexible supply chains cut costs and improve cash flow, in part through a 10% to 40% increase in inventory turns. One is time to recover (TTR), the time it would take for a particular node in the supply chain — a supplier facility, a distribution center, or a transportation hub — to be restored to full functionality after a disruption. But have we taken too radical a view when it comes to inventory levels?

Supply Chain Management:Demand Planning in CPG industry.

Infosys Supply Chain Management

Demand planning is the most critical process in the CPG industry, since it drives all downstream processes (raw material/finished goods inventory planning, procurement planning, capacity planning, manpower planning, transportation planning, etc.) In this step, the actuals are compared with the planned metrics (MAPE, forecast accuracy, bias etc.) It is imperative to incorporate all the above mentioned points in your planning system inorder to achieve optimum Inventory.

Three Reasons Why I Love Hadoop, and You Should Too!

Supply Chain Shaman

Inventories are high, and we have excessive ocean capacity. Is this a sign of a looming recession or a transportation opportunity? Today’s average company has six Enterprise Resource Planning (ERP) systems, and twenty different engines running supply chain planning (two-to-three each in demand planning, supply planning, production planning and transportation planning). The elephants are coming! They will soon change your supply chain.