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 warehouse optimization tips and techniques

6 River Systems

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. “Warehouse optimization starts with an efficient layout. Use slotting to minimize inventory loss.

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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.

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.

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

7 Key Factors that Underpin the Success of your Inventory Optimization Initiative

Supply Chain Opz

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service. In this article we will examine inventory optimization processes as part of a structured sequential journey and examine seven of the key factors in delivering the optimal mix of stock.

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.

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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

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.

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.

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 Get Left Behind (Again) by Advanced Technology

QAD

Time and Inventory Management Advancements. Someone would take my punch cards and in a day or so enter the inventory into a card catalog of each item of material that I had used. It is becoming the replacement for a data warehouse.

How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Source: DHL, Artificial Intelligence in Logistics, 2018 (PDF, 45 pp.,

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

How To Ensure Best Practice Use Of Your Business Intelligence Dashboards

Unleashed

Data is sourced in real-time from multiple areas providing a simplified visualisation of otherwise complex raw data, with readers having an at-a-glance overview of current KPIs. This dashboard collects key financial health indicators from marketing activities and displays financial metrics to provide senior management and investors with performance results to help them determine future marketing spend. Business Tips inventory management inventory reporting real-time reporting

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.

3PL 223

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.

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.

2020 Requires Big Wings and Feet

Supply Chain Shaman

The design of the conference includes tours of several modern warehouses and centers of excellence. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Average Inventory Levels by Industry over the Period of 2010-2018.

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.

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.

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 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.

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Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

Digital transformation is not seen as a singular activity but a set of interrelated activities that span across people, process, technology, policy, and metrics,” said George Fowler, group vice president in Spinnaker’s Supply Chain business unit. PRESS RELEASE.

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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.

Top 10 Mistakes You’re Making Right Now as a Wholesaler and Distributor

EMERGE App

As some of you may know, EMERGE App was born out of an in-house inventory management solution for a custom t-shirt printing business that our founder ran while in school. But it ultimately brought respectable profits and a pivot to the inventory management solution that you see today.

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

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.

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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.”

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.