[PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization

Cerasis

Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. Supply Chain Resources to Download The Supply Chain Trends to Know in 2020 Download White Paper Why Blockchain will Create Extreme Supply Chain Management Optimization Download White Paper Revenue Growth At The Hand Of Improved Digital Supply Chains Download White Paper The.read More.

Rising Above Supply Chain Disruptions

DELMIA Quintiq

What they need is a supply chain solution that will enable them to stay on top of problems, minimize damage and stay ahead of competitors. It is a necessary part of supply chain risk management. To manage everyday risks and black swan events, you need a supply chain that is designed to be resilient in the face of disruptions. But what are the characteristics of a resilient supply chain? Are you making the most of your supply chain?

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[PODCAST] The Role of Supply Chain Technology for More Effective Inventory & Warehouse Management

Cerasis

Listen to “The Role of Supply Chain Technology for More Effective Inventory & Warehouse Management” on Spreaker. Supply Chain Technology Downloadable Resources Why Blockchain will Create Extreme Supply Chain Management Optimization Download White Paper A Guide to Maximize the Use of TMS Download White Paper The Digital Supply Chain: The Landscape, Trends, Types, and the.read More.

Responding to Supply Chain Disruption Amid COVID-19

AIMMS

It’s taking a profound humanitarian and economic toll , impacting supply cha ins in many ways. Our team put several resources together to help supply chain organizations navigate through this crisis safely. . The next 2-4 weeks are critical to understand the exposure throughout your value chain, take actions to address anticipated shortages , and ensure resource requirements to restart. Ensure Resource Requirements .

Realizing the Value of Supply Chain Optimization for Tire Manufacturing

DELMIA Quintiq

The establishment of efficient global supply chains has become critical to competitiveness. Supply chain optimization is essential to achieve this and can help tire manufacturing companies deliver significant reductions in supply chain costs and improvements in service levels.

Clouds are Gathering for an Open Platform for Supply Chain

ToolsGroup

If this challenging past year has taught us one thing, it is the value of connections–not only in our lives, but in supply chains. How supply chain disconnections disrupt service. 2030 vision: End-to-End supply chains that serve customers.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. You can employ countless number of supply chain service providers who will help realized these cost reductions throughout the entire supply chain. The distributor maintains the inventory plan.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

[PODCAST] Why Digital Tools to Optimize Inventory Management Allows Supply Chain Execs to Stay More Strategic at Every Link in the Supply Chain

Cerasis

On today’s episode, we welcome Margaret Bendis, US Marketing Specialist for a company called EazyStock a cloud-based software-as-a-solution (SaaS) that optimizes inventory management. How sound inventory management improves the supply chain, and what are the adverse impacts to the supply chain due to poor inventory management. What is the future of digitization as it relates to inventory management.

Supply Chain: The True Game of Risk

Supply Chain Shaman

For the supply chain leader it is not a game… The stake is business continuity. Gamers do well in the world of supply chain. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks. The move from global to regional supply chains increased risks. Geopolitical shifts, economic uncertainty and demand/supply volatility are rising. In my life time, supply chains changed.

Supply Chain Recognition in Times of Disruption

DELMIA Quintiq

Supply Chains and Integrated Logistics. The crisis generated by Covid-19 brought as one of its aspects, the notion of the extension of supply chains and integrated logistics, its impacts on the businesses of the companies, and the lives of people. In the current scenario, it became clear the perception of the links in the chain and the supply of products often have a long way to go before reaching the customer or consumer.

Understanding supply chain dimensions to maximize ROI

Kinaxis

by Richard Cushing To improve supply chain management and to maximize the return on inventory investment, it’s imperative to understand the supply chain dimensions that help define how your inventory is consumed. Chances are the supply chain managers are already intuitively aware of just how critical these two components are to their operations. Supply chain dimensions easily escape attention.

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. The supply chain is a complex system with increasing complexity. The Inventory Management Journey.

Your supply chain is costing you money – Reason #7 Making decisions based on bad data (supply chain data accuracy)

Kinaxis

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. Making decisions based on bad data (supply chain data accuracy).

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Regaining control: Inventory management best practices (Part four)

Kinaxis

by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced. In the final part of my inventory management best practices series, I take a look at some additional practices that are important, or even crucial , to successful supply chain efforts.

Lean Inventory: Using Lean Initiatives To Manage Inventory

Cerasis

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 customer. Supply Chain lean inventor

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Your supply chain is costing you money – Reason #4 Making key decisions by modelling the supply chain in Excel

Kinaxis

by John Westerveld Reason #4 Making key decisions by modelling the supply chain in Excel. Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. In my career, I’ve had the pleasure of working with several top tier supply chain companies. But modelling complex supply chain relationships isn’t one of them.

Understanding E-Commerce Fulfillment: Definition, Process, Resources!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. There are four basic components of the e-fulfillment process: ECommerce store and fulfillment center integration Receiving and inventory management Order fulfillment Returns processing. Receiving and Inventory Management. Then, those pallets get logged into inventory and placed on shelves, ready to fill your orders. When pallets sit on a loading dock, your products aren’t in inventory. You don’t buy inventory.

A Brief History of the Founding of the Supply Chain Resource Cooperative (SCRC)

NC State SCRC

That may sound somewhat unoriginal, but believe me, I’ve seen a lot of work and research that has very little to do with the real-world problems that face supply chain executives. By watching him, I learned how faculty can bring a rigor to studying business problems, that isn’t always present when people are making supply management decisions.

A perfect supply chain?

Kinaxis

by Matt Benson If your 3PL supply chain problem was to deliver 400,000 items daily from supplier to customer and your on-time in full metric was a six-sigma target standard of 1 failure per million, how would you do it? What If I was to also constrain the resources you had at your disposal and said you only had 5000 transportation vehicles and your delivery slot was just 1 hour and that your delivery window was always 12pm until 1pm? The post A perfect supply chain?

Regaining control: Inventory management best practices (Part one)

Kinaxis

by Richard Cushing It happens to be axiomatic that you cannot manage your inventory if you do not control your inventory. Many times, I have been told, “Our people just don’t trust the numbers they see in the enterprise resource planning (ERP) system. Managing versus controlling inventory. Inventory is shipped, or taken, to trade shows expecting a full return; but the quantities returned are seldom the same as the quantities check-out.

Supply Chain Big Data: Why Supply Chain Leaders Are Using Big Data Analytics

Cerasis

Supply chain industry leaders have access to more information today than ever before in history. Thanks to data gathering programs, supply chain software , and data entry applications, this represents a mountain of data, which has the potential to provide ground-breaking insight into how to improve business-model efficiency. What Is Supply Chain Big Data? Supply Chain big data is the ultimate compilation of data gathered in the course of business.

Top 10 Reasons Why Santa Has The Best Supply Chain

Kinaxis

Here is the ‘Top 10 Reasons Why Santa Has the Best Supply Chain. #1 10 No inventory issues. Comment to let us know why you think Santa has the best supply chain! From everyone at Kinaxis, and the Late Late Supply Chain Show, all the best to you and your families over the holidays. The post Top 10 Reasons Why Santa Has The Best Supply Chain appeared first on The 21st Century Supply Chain.

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What Supply Chain Risks Must Supply Chain Execs Keep Top of Mind?

Cerasis

Risk permeates supply chains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supply chain management, but supply chain executives who take the time to understand the greatest threats can successfully position their companies to overcome such risks. While there are thousands of possible supply chain risks in various supply chains, supply chain execs should keep these risks top of mind.

Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable. Due to this problem, the only logical solution is to increase collaboration between the supply chain managers and procurement teams. . The age of technology has the potential to dramatically reduce inefficiencies in the supply chain.

The Supply Chain “Change” Dilemma!

Kinaxis

Part 1: SMAC in the Middle of Supply Chain Change. Part 2: Will the Internet of Things (IoT) Help Eliminate Information Latency and Deficiency in Supply Planning? Part 3: SMAC in the Middle of Supply Chain Change. This is part 4 in our Internet of Things Series: The Supply Chain “Change” dilemma! I thought his analogies with supply chain strategy and execution were spot on. human resource + DNA.

How POS Data Improves Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Complexity in the Retail Supply Chain! Supply chain management involves the conduct of the movement of goods and services. In this article, we have accentuated the ways POS data can improve supply chain management.

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Supply Chain Innovation: The Latest Gartner Supply Chain Predictions

ToolsGroup

Gartner analysts presented their latest supply chain findings throughout the two-day Gartner Supply Chain Executive Conference last month in London. They see the highest spending priorities in e-commerce software, supply chain optimization and cost analytics. Cognitive learning and analytics – Burkett predicted that cognitive or machine learning will have a big impact on supply chains. Supply chain/network redesign.

Optimizing Inventory Is About Improving Service While Lowering Inventory. Wait, What?

ToolsGroup

make the best or most effective use of (a situation or resource). One of the hardest parts of my job is helping customers get to grips with complex, counterintuitive supply chain concepts. Equally mystifying to people is the concept of inventory optimization. Optimize. /??pt?m??z/.

Do Supply Chain Planning systems generate any value?

Kinaxis

Before that I was in management consulting doing what would be called supply chain design or reengineering today. Needless to say they have a continued multi-year deployment of the supply chain planning system provided by the ERP vendor. And they are still a long way from complete from deploying the ERP modules let alone the supply chain planning modules. Perhaps we have been looking at the benefits of supply chain planning systems too narrowly.

2021 Strategies for Inventory Management and Supply Chain Recovery

EazyStock

You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. With that said, how can you keep your supply chain running as smoothly as possible in the meantime? Supply Chain Performance: Reviewing 2020. Optimize Inventory.

“Storage Wars” Rescues Supply Chain Ignominy

Kinaxis

And then I realized, these are the same questions I would ask about the ERP system when I led supply chain organizations. My supply chain was made up of 1 st /2 nd /3 rd Tier suppliers, 3PL’s, 4PL’s, distributors and retailers. Inventory management Supply chain management AMR Research Boston Craigslist Do it yourself Enterprise resource planning (ERP) ERP Garage Toolbox by CJ Wehlage. Take a good long look at this picture.

Five Suggestions for Practical Inventory Management

Logility

The real problem, however, was inventory. The client had a warehouse full of old stock that had been sitting unwanted for years , and there wasn’t enough room to accommodate the inventory that they were selling. . Just get rid of the old s tock and create plenty of room for the inventory that sells , thereby eliminating the need to move to a larger, more expensive facility. What is the right inventory level for your business? .

Building stronger supply chain customer relationships

Kinaxis

If the above statement is true, then to maximize the return on investment (ROI)—since it is almost always more expensive to create new customers than to sell to existing customers—management’s second big imperative is to build stronger supply chain customer relationships. Regardless of what your supply chain looks like, what every supply chain manager and executive needs is information that triggers actions that will build strong customer relationships.

Reflections on Integrated Supply Chain Planning

Supply Chain Shaman

In the presentation, I shared data on the evolution of supply chain planning and the results on user satisfaction. Neither technology vendor is an industry leader in delivering a solution that fits the needs of the supply chain planner. The common perception is that SAP and Oracle supply chain planning solutions are superior to best-of-breed Advanced Planning Solutions. Summary Data of User Satisfaction with Supply Chain Planning Applications.