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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.

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.

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Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. This dispute presents a classic Battle of the Forms example.

Where Do the Savings from Managed Transportation Services Come From?

Talking Logistics

Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels. A recent ARC Strategies study on managed transportation services found, on average, MTS can save a company between 2 and 10 percent of its transportation spend.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. supplychainmanagement #humanresources #procurement #logistics #jobs. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

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Zara – The Benefits of Agile Procurement / Supply Chain

ivalua

The key to Zara’s ability to establish an agile Supply Chain rests on the following unique approaches: Procurement Methodology: Zara’s Procurement team doesn’t work on the number of finished clothes but on the quantity of raw materials needed to manufacture the clothes. Local Manufacturing: Zara presents a drastically different approach than its competitors. This also helps reduce the overall carbon footprint through significant reduction in transportation.

The Basics of Walmart Replenishment

SupplyPike

Learn about: Cross-docking Walmart’s inventory technology Shelf-scanning robots Vendor-management inventory. Walmart’s global inventory is worth more than $32 billion on any given day and presently operates more than 11,500 stores across 27 countries. In order to maintain that inventory, the retail giant uses three basic strategies for replenishment : Cross-Docking. Walmart’s inventory strategy primarily revolves around cross-docking.

The 4 Key Processes Enabled by a Transport Management System (TMS) in 2015

Cerasis

We continue our series on the “State of the Transportation Management Systems” today with our post on the 4 key processes enabled by the use by shippers of a transport management system or TMS. The popularity of the use of transport management system (TMS) has been growing steadily in the last few years. A transport management system helps coordinate all the data points in a transportation network.

Time to turn around inventory falls by two days says new report

EFT

The median time for retailers to move returns back to inventory ready for resale has fallen from 2017 to 2018, from a median of seven days down to five days. of retail respondents report that their average time to restock returns is three days or less, marking out a clear focus on agility of inventory that can accommodate a more e-commerce-centric environment and a higher returns volume. . Gabi Weisel, Director Global Indirect Procurement, Estée Lauder.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. For every node of the supply chain this means that there is transportation, movement and handling, inventory, and production and over, or under production.

The View from Houston: DHL Global Energy Conference 2015

Supply Chain View from the Field

I was joined by one of my former NC State students, Scott Frahm, who sat in on a few of the presentations. The conference was a great opportunity to interact with logistics and procurement executives in an environment of open dialogue and discussion. All of a sudden, everyone is “knocking on the door” of procurement and logistics, asking for cost improvements. Other presentations at the conference included a discussion of compliance in the global supply chain.

3 Best Practices to Improve Your Flatbed Shipping Performance

CH Robinson Transportfolio

And, accordingly, each industry procures and manages capacity differently to navigate these challenges and drive positive outcomes. Each line shows the number of shipments present for each piece of flatbed equipment. Conduct procurement exercises regularly and often.

The Demand Powered Supply Chain: How to Win as the Bar Continues to Rise in the Retail Industry

CH Robinson Transportfolio

Increased reliance on the transportation spot market due to industry planning uncertainty. Transportation requests for proposal (RFPs) are labor-intensive, and can be out of alignment with customer needs. Reduce inventory. Carrying inventory is a major expense.

Software is Not Enough: SAP and Descartes Partner on TMS Connectivity

Talking Logistics

That is one of the most important, yet often overlooked, questions shippers should ask before implementing a Transportation Management System — specifically if they’re implementing a traditional, behind-the-firewall solution. These services will leverage the transportation information created by SAP TM and provide filing status updates to SAP TM for improved shipment visibility.

Embracing the Macro Growth in Micro Supply Chains

CH Robinson Transportfolio

This rapid growth is presenting new challenges for stakeholders across the grocery and perishables industry and fresh opportunities to capture additional market share. . Replenishment and real-time inventory of these high-demand items are critical for a customer’s perception of the retail store and impacts repeat customers. Impact on transportation and logistics. Managed Procurement Services (MPS Retail grocery ecommerce sales are up about 35% year-over-year.

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This Week in Logistics News (September 15-19, 2014)

Talking Logistics

Infor Aligns With MercuryGate To Strengthen Transportation Management. Oracle Introduces New Cloud Solutions for Transportation and Global Trade Management. Last year at the Ariba LIVE 2013 conference, I led a discussion session titled “At the Intersection of Social and Business Networks” with about fifty senior executives in supply chain and procurement. Are you attending the CSCMP Annual Global Conference next week? If so, let’s connect.

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups.

The Top 10 Supply Chain Blog Posts from 2017

Cerasis

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators. Download: The Impact of Big Data in the Supply Chain & Transportation Management Industry Webinar Replay, Transcript & Presentation.

Reflections on the LIVING Supply Chain SCRC Meeting

NC State SCRC

This discussion was followed up by a great presentation from Vince Messimer, who is retiring from Shell Oil after 34 years with the company as their head of procurement for Shell Manufacturing. Yet we want to bolt on more systems for procurement to make their life harder still! From a procurement standpoint, we get updates daily. Following the breakouts, the student gallery walk featured 28 student projects presented on poster boards.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Such providers understand domestic transportation issues, and can plan to develop long-term solutions to complex local distribution challenges. Procurement will play a key role in monitoring supply base conditions.

15 Improvements by the Deployment of The Internet of Things in the Supply Chain

Cerasis

Thus, in the global supply chain, exploiting the opportunity presented by the Internet of Things technology can improve: revenue growth, asset utilization, waste reduction, customer service, profitability, sustainability, security, risk mitigation, working capital deployment, agility and. Traditional supply chain tasks in procurement , planning, logistics and supplier management would be streamlined by intelligent, data-driven systems in a collaborative multi-enterprise environment.

Advantages and Pitfalls of Push and Pull Strategies in Distribution Networks

Kinaxis

The main processes (Figure 1) to get a customer his or her order would be procurement (buying ingredients), manufacturing (cooking), and delivery (serving the customers). The result would be the customer receiving a fresh, high quality meal, and you carrying minimum inventory and having the flexibility to easily manage your processes. That’s how long the entire process would take to go from procurement, to manufacturing, to delivery.

Takeaways from Manhattan Associates’ Momentum 2017 Conference

Talking Logistics

While new software releases that improve both the effectiveness and efficiency of store, warehouse, transportation and inventory management are frequently introduced, adoption of the latest technologies is often slowed by the need for significant capital investment or change management requirements. Strategic transportation modelling capabilities. How many companies still manage their transportation operations like yesterday’s Giant Eagle?

Join BVL International at the North American chapter kickoff on August 12, 2013

Supply Chain View from the Field

Two out of three respondents stated that their company’s logistics capability is negatively influenced by poor transportation infrastructure, which is a problem particularly in emerging markets. Solutions focused on improving transparency of tier two suppliers, inventory and demand impede mitigation and force companies into reactive strategies. Proactive strategies should include research and development, procurement, production and sales.

2020 Requires Big Wings and Feet

Supply Chain Shaman

The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Companies that directly connect financial data to supply chain data without creating a feasible plan at an item/location level rate themselves significantly lower on S&OP effectiveness creating higher costs, levels of inventory and order short shipments.

Supply Chain Planning is Essential for Ending Up in the Right Place

Enterra Insights

”[1] Bolstering his argument, he cites a conference presentation given by Francesca Gamboni, a Senior Vice President for supply chain at Groupe PSA. Stephan Algie, head of business development at INFORM, writes, “I am often asked whether Artificial Intelligence can help to achieve better sales forecasts and procurement planning. For example, manufacturing may be tasked to fill all orders which requires having inventory on-hand in distribution centers.

The History of Supply Chain Management! (Infographic)

Supply Chain Game Changer

Over the last 100 plus years of the history of supply chain management has evolved from an initial focus on improving relatively simple, but very labor-intensive processes to the present day engineering and managing of extraordinarily complex global networks. In the mid 1950s, this concept was extended to transportation management with the development of intermodal containers together with ships, trains, and trucks to handle these containers. Subscribe Here! Email Address.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

The list is presented in the order the responses were received in: 1) Andreas Wieland , Assistant Professor at Copenhagen Business School Successful supply chain management means that organizations are well-orchestrated in an end-to-end value network. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.

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Warehouse Cost Savings: 5 Key Areas of Focus and 13 Practical Objectives

Cerasis

Reduce inventory with cross-docking or use Kanban pull systems. Target inventory accuracy: goal: 98-100% accuracy daily. Get rid of excess inventory: create a Material Review Board (MRB) to review: obsolete, excess, slow moving inventory monthly. Break a job down and present the operation to new associates. Warehouse cost savings, like transportation costs savings, goes straight to the bottom line.

Misnomer

Supply Chain Shaman

Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. As I cleared my throat, and pushed my toes deep into my shoes, I bounded up the stairs to start the presentation. 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. Misnomer (n): A wrong name.

Let the Qs Begin

Supply Chain Shaman

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. I then finished a forty-minute presentation, and prepared for questions.

Like A Green Lump of Clay….

Supply Chain Shaman

My schedule had me on a plane to Chicago at the time of the presentation. We rescheduled my flight and I quickly put together some slides for the presentation. (To I had successfully adapted to give a presentation on agility to 254 people. Q: Is it only inventory disrupting the agility resulting from inaccurate forecasts by S&OP? These can be shift in the channel, issues in manufacturing, increasing variability in transportation, or a shift in commodity prices.

Origin of Logistics & Supply Chain Revealed! - SupplyChainOpz

Supply Chain Opz

Muller explained in a very comprehensive manner about how "movement" of each type of soldiers should be done which included marching, transportation, wheeling, advancing, formation, transport of heavy guns, how to cross the river etc. Here at resupply points, inventory was stored for up to 8 days. NAVIGATE. Basics. Case Studies. Graphics. All Posts. About. Copyright. Privacy. Blogroll. Origin of Logistics & Supply Chain Revealed!

Industry 4.0: Driven by 5G and Cognitive Technologies

Enterra Insights

Gal Horvitz, senior vice president of digital at Genpact, explains, “Advanced data analysis and AI can present [decision-makers] with several options to guide their decision on how to best proceed forward. David Van Dorselaer ( @dave_van_dor ), General Manager for AT&T’s Manufacturing, Transportation and Consumer Packaged Goods Industry Verticals, writes, “The manufacturing industry will continue to spend more yearly on IoT than any other industry through 2022.