Inventory Obsolescence: It Can Get Complicated

ToolsGroup

The knack in today’s innovation economy is to understand how the value of a particular SKU deteriorates or its costs increase so that profit erosion can be factored into inventory optimization calculations. According to Nucleus Research, in its July 2015 Research Note , companies can optimize inventory using the right algorithms. But correctly modeling inventory obsolescence is important. Supply Chain Planning Inventory OptimizationIt’s hard to get around obsolescence.

This Week in Logistics News (August 19-23, 2013)

Talking Logistics

I went to Home Depot earlier this week to return a purchase, and the customer in front of me wanted to exchange a defective power tool with the same model, but he couldn’t find any on the shelf even though the store’s inventory system said 5 units were in stock. Manhattan Associates Launches 2013 Inventory Optimization Release.

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What is Supply Chain Compliance and Why is it Important?

AB&R

Oklahoma. Asset Management Blog Inventory Management Managed Services Manufacturing RFID Transportation & Logistics asset management barcode verification compliance labeling GS1 harsh environment labeling UDIWhen you hear the word compliance , what’s the first thing that comes to mind? Here is a good question to help you understand what compliance should look like in your organization. What are your customer, partner, regulatory, and vendor expectations?”.

Good-bye siloed, functional planner. Hello storm chasing network planner.

Kinaxis

Supply chain planners (I’m lumping in all the silos, including demand, supply, inventory and capacity planning) today are dealing with challenges that were unimaginable when Lotus notes were the next big thing. 2013 – Massive tornado packing 200 mph winds in the Oklahoma City area. Is running a multi-echelon inventory optimization even something a capacity planner has interest in?

Road Report: 2018 OPEX Oil and Gas Summit

TrackVia

I had another conversation about manual processes with an executive at a petroleum and natural gas exploration and production company headquartered in Oklahoma City. The steering team is focused on digitizating operations, maintenance planning, scheduling, inventory management, asset integrity, and change management. I recently had the opportunity to attend the Operational Excellence in Oil and Gas Summit held in Houston.

Trends 2019: Food

Enterra Insights

Researchers from Oklahoma State University’s Robert M. Kerr Food and Agricultural Products Center (FAPC) predict, “From tried-and-true barbecue sauces and flavorful potato recipes with a twist, food developers are becoming inspired by Kansas City barbecue, Southern Appalachian pimento cheese, Made in Oklahoma salsas and other areas from sea to shining sea. Food preferences, like fashion, change with each new generation.

Food 100

This Week in Logistics News (September 17-21, 2018)

Talking Logistics

Oklahoma grocers set to deploy fleet of autonomous vans for final-mile deliveries (CCJ). LEGACY Supply Chain Services & Adelante SCM Partner on 2018 Industry Study on Inventory Management as Critical Function within Omni-Channel Logistics. Another Friday, another flight home from a conference. This time I’ll be returning from enVista’s FUEL 2018 conference where I am giving a keynote presentation this morning on Defining Your Own Logistics Competitive Weapon.

Perspectives on the Global Trade Environment: A Panel Discussion

NC State SCRC

Bill H: “We have two trade zones in Oklahoma and Houston, and are under construction to produce one in Corpus Christi. Our negotiation strategy is to reduce the impact on the end customer by carefully understanding the components of cost, timing of inventory already produced and potentially a shared role in the cost. On December 5, 2019, we held a panel discussion that focused on different perspectives related to global trade.