Remove Inventory Remove Procurement Remove SCM Remove Transportation

Logistics & SCM, PLM, Manufacturing, and Procurement 2016

Supply Chain Movement

Logistics & SCM, PLM, Manufacturing, and Procurement 2016. URL: sapinsiderevents.wispubs.com/2016/Vienna/SCM-PLM-MFG-Procurement-CRM/. Logistics & SCM, PLM, Manufacturing, and Procurement 2016, sponsored by SAP, is the most important educational event of the year for organizations using SCM, PLM, manufacturing, and procurement solutions to fortify their business operations and infrastructure with proven methodologies and measurable, value-driven results.

SCM 60

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trends & Strategies in Logistics and SCM

Supply Chain Movement

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.

SCM 120

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. SCM systems provide a strategic advantage and business insight to companies and their operations. SCM Fundamentals.

SCM 96

Using Lean to Manage Inventory!

Supply Chain Game Changer

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Pull (Lean principle: Kanban) : Move inventory only when requested by a customer. Subscribe Here! Email Address.

Lean 69

OPTSUM 2015: Where SCM meets Science

BlueYonder

He also provided a heuristic solution to the truck packaging problem that helps negotiate the number of trucks to be booked for transportation. Connecting the dots between demand, fulfillment, transportation and warehouse management was the theme for JDA’s Rajiv Bhuta. Constraint programming for mixed integers, sequential decision models for inventory optimization, machine learning using python, and insights using big data were thoroughly discussed and debated.

SCM 77

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. I worked in Materials Handling, Packaging Engineering, Warehouse Space Planning, Resource Planning, Procurement, Inventory Management and Control, Production Control, Systems Management and other areas. SCM involves the flow of materials, finances and information.

Using Lean Management for Inventory!

Supply Chain Game Changer

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Flow: Understand how inventory flows in your warehouse and apply Lean principle: 5S to clear any obstacles that do not add up.

Lean 58

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

What is Supply Chain Management (SCM)? “Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product’s flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible. supplychainmanagement #humanresources #procurement #logistics #jobs. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

SCM 84

Supply Chain Predictions!

Supply Chain Game Changer

Check out Procurement Experiences, Trends and the Future! In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. With track & trace, you will get deep visibility to SKU-level information from first-mile to last-mile, including the tracking of costs to better monitor transport spend. Subscribe Here!

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

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. The management of the Sales, Inventory and Operations Planning (SIOP) process within a company dictates the entire tactical and strategic planning of resources at all levels. Subscribe Here! Email Address.

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. Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics.

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

The Network Effect

Ship according to a latest set of transportation routing instructions. In fact our supply chains aren’t really chains at all, they are logical networks comprised of multiple enterprises and trading partners operating across multiple physical tiers who need visibility across the network to orders, shipments, and inventory. This transaction is represented by the “procure to pay” cycle. Auto Many-to-Many Network SCM cloud many-to-many network

Are These the 5 Biggest Fallacies in Supply Chain or is it Fake News?

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Fallacy 4: Improved forecasting will always lead to lower inventory levels. He wants to challenge the assumption that better demand forecasts will always lead to lower inventory levels. For example, if a recession hits unexpectedly, demand will be way lower than expected and you’ll likely have tons of excess inventory. Subscribe Here! Email Address.

How to Get a Job in the Supply Chain Sector

Logistics Bureau

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Another option is to work in a warehouse, or in transport, or maybe in customer service where you are dealing with people all the time.

The Supply Chain Game Changer Job Board!

Supply Chain Game Changer

It includes functional areas such as Procurement, Purchasing, Freight, Logistics, Planning, Material Handling, Inventory Management, Cash Flow Management, Quality Management, Diversity, Customer Support, Systems Design and Deployment, Business Process Engineering, and Business Management. The Hottest Jobs in Supply Chain and Procurement! SCM #SupplyChain #supplychainmanagement #logistics #freight #transportation #distribution #procurement. Subscribe Here!

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Before we get into blockchain’s potential entry points into the supply chain ecosystem, let’s take a look at the two current trends in SCM *(Supply Chain Management): Dynamism SCM has evolved to become a huge, global ecosystem. This newfound visibility allows participants in a supply chain to proactively optimize components of their processes (like inventory management, staffing decisions, and a thousand more) to support an efficient and agile product path.

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. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty.

Quantum Leap to the Top 10 Supply Chain Skills of the Future!

Supply Chain Game Changer

Supply Chain employees must have a working knowledge of any one or all of Planning, Procurement, Category/Commodity Management, Supplier Relationships, Logistics, Sourcing, Quality Management, Warehousing, Inventory Management or anything else Supply Chain related. Organization #SupplyChain #Technology #Jobs #SCM #Future #HumanResources. Human Resources Supply Chain Management Technology Future HumanResources jobs Organization SCM supplychainSubscribe Here!

Understanding Supply Chain Management

SupplyPike

Supply Chain Management (SCM) is a systematic and controlled procurement operation. Procurement usually comprises a diverse range of suppliers chosen according to a conceived ability to supply merchandise at the right price. 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. Inventory Map.

SCM 48

The Supply Chain Control Tower! An Assessment!

Supply Chain Game Changer

Here are some of the key capabilities to look for in a control tower solution: End-to-end Visibility – visibility across supply chain partners, including suppliers, contract manufacturers, transportation carriers, third-party logistics. Transport management – Planned and optimized shipments and streamlined communication between all parties. Inventory management – Reduction in shortages/stock-outs & Improved warehouse and transport inventory.

Augmented Reality (AR) is the Future of the Supply Chain!

Supply Chain Game Changer

The conveyor belt transported the cases to the outbound department where there were folks set up to load the cases in the trailers. Breakpack orderfilling was similar to case orderfilling but added several manual steps like: cutting the boxes, extracting the inner picks, rebuilding a case with inner picks and transporting the goods with pickers pulling cage carts. Subscribe Here! Email Address.

DC 70

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. Where to Find Supply Chain Innovation (Source: Adelante SCM).

Supply Chain Basics with Jason Miller

The Logistics of Logistics

The department educates students to succeed in careers such as procurement, manufacturing, inventory management, warehousing, transportation, and customer service. The business world views Broad’s graduates and faculty as the voice of the SCM field. Transportation.

Seasoned Leadership in Action™! An Interview with Michael Massetti, VP at Gartner!

Supply Chain Game Changer

We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. The team reduced finished-goods inventory by 50% and reduced the assembly and test line production variances by 50% in 9 months. Just think about it, we are discussing touchless orders, lights-out warehouses, autonomous transportation for delivery, and prescriptive actions taken by intelligent robots. Subscribe Here! Email Address.

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. But this took time – we had to “defrag” our supply chain, and eventually I learned we had 59 days of inventory. A simple chart was used to depict inventory, with the size of the indicative of the amount of cash tied up in that inventory.

The Difference Between Logistics and Supply Chain Management

My Office Apps

Most people assume that logistics and Supply Chain Management (SCM) refer to the same process. Read on for a differentiation of logistics and SCM, and an overview of a cloud-based ERP software that helps streamline both processes. Logistics is the process of coordinating when and how goods are transported and stored until they reach the end customer – it’s a component of the supply chain. Logistics is merely an activity within SCM.

SCM 58

The History of Supply Chain Management! (Infographic)

Supply Chain Game Changer

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. By the 1960s, a clear trend had developed in shifting more time-dependent freight transportation to truck rather than rail. This led to the need for joint consideration of warehousing, material handling, and freight transportation, which emerged under the label of “Physical Distribution.”.

The Strategic Importance of Supply Chain Management

AFFLINK

Supply Chain Management (SCM) is an important part of every organization, whether small or large. SCM is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage, according to Robert Handfield, Ph.D. SCM also deals with the movement and storing of materials needed to create a product, as well as inventory management, and keeping track of finished goods from where they were created to who they go to.

SCM 68

Integrated Business Planning (IBP) – House of Planning

Logility

IBP synchronizes higher-level and operational supply chain planning by combining data from sales, marketing, production, procurement, transportation and finance.

How to Cut Costs by Improving Product Punctuality

Supply Chain @ MIT

By tailoring transportation methods and distribution center processes to match the delivery speed required of each product, companies can reduce the cost of transportation, prevent excess inventory, and eliminate lost sales. The research was carried out by two students, Brad Gilligan and Huiping Jin, for their MIT Master of Supply Chain Management (SCM) thesis. For more information on the SCM program and the latest theses contact SCM program Director Dr. Bruce Arntzen.

SCM 67

A Few Thoughts about Supply Chain Management

Enterra Insights

Supply chain management (SCM) sounds like a straight-forward topic; nevertheless, numerous articles have been written on the subject explaining what it is and what it isn’t. Ask a person on the street what constitutes supply chain management and my guess is they would say SCM means ensuring the entire supply chain, from procurement of raw materials to product delivery, runs smoothly. ” Like most things in life, change has been a constant SCM characteristic.

SCM 100

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! In general, SCM professionals are not always ready to be the ones to drive change, and aren’t equipped to be able to truly lead that change. From a procurement standpoint, we get updates daily.

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. 1) Practitioners with traditional view sees SCM as part of logistics (Traditionalist). (2) SCM-Operations is now SupplyChainOpz. NAVIGATE. Basics. Case Studies.

How 3PL providers can fight commoditization and drive innovation

DELMIA Quintiq

Adrian Gonzalez, founder of Adelante SCM sheds some light in his blog Talking Logistics : “There is no incentive for 3PLs to be innovative and creative if your objective is to beat them down on cost, shift all the risk to them, and then put the business out to bid again in 1-3 years. Procuring logistics services is not the same as buying paper clips, yet that’s how many procurement organizations approach it.”. Chris Saynor, CEO of Eye for Transport (eft), echoes his comments.

3PL 182