Remove Inventory Remove Metrics Remove Sourcing Remove Warehousing

Metrics that Matter: Inventory Effectiveness

QAD

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Best Practices for Inventory Effectiveness.

50 expert tips on improving warehouse efficiency & productivity

6 River Systems

Most warehouses are on an ongoing mission to maximize productivity by optimizing workflows, automating processes and reducing waste (both time and resources). More than 50% of your warehouse labor is in pick and pack, so start there. Cross-train your warehouse workforce.

21 Vendor Metrics Your Supplier Scorecard Might be Missing

Supply Chain Cowboy

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Of course, you’ll want to be courteous and professional with your feedback, but being open and honest with this metric can go a long way to solving problems between you.

Wanted: Supply Chain Architects!

Supply Chain Shaman

So when the warehouse team threatened to unionize, I transferred into a distribution, warehouse environment. I knew nothing about the world of logistics, inventory management and order optimization. Warehouse Management and Transportation Management were in their infancy.

Manufacturing Gains From Machine Learning

IQMS

Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp., Source: Honeywell Connected Plant: Analytics and Beyond. (23

The Beginner's Guide to Inventory Control and Management

Supply Chain Opz

What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory control often starts with how to know the demand of particular product.

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. The focus is on functional metrics, but are unable to get to overall supply chain metrics. We finished dinner.

Data 348

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. S&OP allows VMAC to maintain inventories, lower customer lead times, stabilize the work force and balance financial aspects.

The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

Modern Demand-Driven Manufacturers are leveraging real-time Cloud-based visualization and collaboration systems to view data from multiple, disparate sources while keeping the data in its original, host environment.

KPI 89

50 expert tips on logistics planning and strategy

6 River Systems

NetSuite has launched a supply chain snapshot feature that’s a central part of any control tower that shows all of your inventory and related transactions with the ability to filter by subsidiary, location, etc. Think about how your warehouse might look in 2030. Warehouse Operations

Don’t Make These 8 Horrible Inventory Management Mistakes Before Halloween

EMERGE App

Not cleaning up the inventory skeletons in your closet can mean a difference between a ho-hum year and a bumper year. Here we’re going to cover some common inventory management mistakes that businesses make while winding up the year. Horror 3: Disappearing Metrics.

25 supply chain experts reveal the best tactics to optimize a supply chain

6 River Systems

From raw materials sourcing to warehouse operations , logistics technology , order fulfillment and beyond, there are dozens of points throughout the supply chain, all of which contribute to overall supply chain efficiency. Warehousing. Warehouse Operations

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

” Or alternatively, “Is there data that could be sourced to help?” In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns.

5 Steps to Supply Chain Orchestration Success

OneSCM

Aggregate data is completely visible so executives know exactly how much inventory they have. Opening up the relationship and sharing information and metrics across all critical departments gives trading partners insight and allows them to understand where they can best improve the quality of their products and services. Can you see and manage your entire global supply network from one single source? We call it a single source of “data truth.”

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

Cut inventory costs Be it a brick and mortar store or an online business, inventory is always present and it costs money. You also have to consider storage costs, warehouse maintenance costs, ordering new items, packaging, vendor costs — all these require spending money.

7 Incredible Benefits of Cloud-Based Logistics Management

Cerasis

More findings on the cloud cargo transportation and warehouse management systems you may discover on the web. The cloud-based supply chain software can be customized to suit your industry, your transportation , freight-forwarding and warehousing specialty, import-export regulations.

Supply Chain Management Services

LeanCor

When sourcing supply chain management services, think about the provider’s approach to people and processes. Focus on total logistics cost reduction (transportation, warehousing, and inventory). 3 Tips in Choosing Supply Chain Management Services.

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BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the period of 2009-2015 only 88% of companies made improvement on the “Supply Chain Metrics That Matter.” (The The Supply Chain Metrics That Matter are a portfolio of metrics which correlate to higher market capitalization. Inventory Turns. BASF creates chemistry.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. Still, to the large extent, transport sector depends on non-renewable fuel sources along with the gases that emit carbon dioxide.

What Is The Mission?

Supply Chain Shaman

Overall results in business performance on the critical supply chain metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) are declining. Let’s start with a discussion on inventory. In Table 1, we share the comparison of inventory levels by the industry peer groups pre and post-recession. Despite the investment in technology and whiz-bang approaches, inventory levels today are significantly higher than the pre-recession period.

Top 10 Supply Chain Innovations of 2018

Material Handling & Logistics

Click the links below to compare this year's innovations to those from previous years: Top 10 Supply Chain Innovations of 2017 : exoskeletons, autonomous forklifts, flying warehouses, last-mile delivery, and more. Warehouse Automation. Source ID. Source ID. Source ID.

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. Inventory Turns. Better performance in inventory turns than the peer group average for the period studied. Our phrase, at the time, was “inventory kills.”

5 Crucial Software Every 3PL Company Needs To Have

Abivin

When a new order is received, the vehicle route planning schedule is sourced in real time to reallocate mobile fleet resources to optimize operating efficiency, deliver priority service to the most profitable accounts and routes, and also maintain overall customer service objectives.

3PL 61

The Pressure is Rising for CPG Companies to Improve Order Delivery Performance

Aera Technology

Large CPG companies operate hundreds of sourcing, production and distribution systems around the world, run both internally and by partners. inventory-management walmart artificial-intelligence cpg supply-chain

Misnomer

Supply Chain Shaman

The team was organized around the functional silos of source, make and deliver. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure.

Top Supply Chain Articles of 2015

Cerasis

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI. When I was Materials Manager at Maricopa County, Arizona, the second largest county in the country, I introduced Vendor Managed Inventory. I took our line of fasteners: bolts, nuts screws and washers and put them in one location in the Warehouse. I called Fastenal, who specializes in Vendor Managed Inventory (VMI) for fasteners, in to see what we can do together.

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

Logistics technologies such as robotic warehouse systems make automation a reality, while drones improve last-mile delivery capabilities and better tracking with tools like RFID tags improve visibility throughout the supply chain. Warehouse Efficiency

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

Supply Chain Opz

Apple Inc purchases raw materials from various sources then get them shipped to an assembling plant in China. Inventories can become obsolete or exceed the anticipated demand. Some components are currently obtained from the single or limited sources. Inventory Turnover.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs.

Lean 236

Real-Time Monitoring Fuels IoT Growth In Manufacturing

IQMS

72% of manufacturers say real-time monitoring is essential for streamlining and making inventory reconciliation more efficient. Source: Capgemini Internet of Things (IoT) study, Unlocking the business value of IoT in operations.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Identifying sources of risk and developing a plan are only part of the story. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. What alternative plants/factories/sources of supply do they have at their disposal? With contingency plans in place, the company announced that it had a healthy inventory supply of finished products and did not foresee a risk to patient supply at that time.

What Makes a Mature Planning Organization? (Part 2)

Supply Chain Shaman

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. It combines decisions across sell, deliver, make and source processes to drive value based outcomes. Metrics Alignment.

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Controlling Inventory Flow & Driving Warehouse Efficiency. Effective transportation management strategy takes into account the availability of materials and order fulfillment requirements, ensuring that those resources are optimally utilized and warehouse capacity. Additionally, some level of predictability helps in the carrier sourcing aspect of the business too. Creating an Effective Transportation Management Program Run by Metrics.

Enterprise Ethanol Takes Control of Their Operating Processes Using Unleashed

Unleashed

For a business to run efficiently, visibility over inventory stock is a prerequisite. By implementing inventory management software, companies can have one source of information at the heart of their business which enables them to make well-informed business decisions.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

We do strategic carrier sourcing and contract negotiation, but it isn’t always time to renegotiate your contracts. Michael answered his own question by pointing out that most companies have some combination of transportation management systems (TMS), warehouse management systems (WMS), order management systems (OMS) or an ERP that contain tremendous amounts of data that they can use to better understand service levels, freight spend, profitability, and many other metrics.