The Inventory Accuracy “Confidence Gap”

Talking Logistics

The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. And it begins with improving their inventory accuracy.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same.

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. Inventory is both.

Inventory Management Remains Challenging

Enterra Insights

Every business person who deals with inventory management is involved in a balancing act. Keep too little inventory on hand and you risk losing sales and, on occasion, customers. Keep too much inventory on hand and the costs add up resulting in lower profits. It’s little wonder inventory management systems have gained popularity. ”[1] He adds, “Even with all this power, there are several disadvantages to inventory control worth considering.”

What is Supply Chain Management (SCM)? (Video)

Supply Chain Game Changer

The term was coined over 35 years ago but still to this day there are a large number of different definitions of SCM. To someone who is starting out their career, or who is new to the field of Supply Chain, it is understandable that there may be confusion as to the definition of SCM.

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Themes from the 2018 SCM World Leaders Forum

Kinaxis

I just returned from a very inspiring 2018 SCM World Leaders Forum in London. While I attend several supply chain conferences in any given year, SCM World is a favorite of mine for a couple of reasons. Supply Chain Events Big data Cybersecurity SCM World thick data

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Blockchain: The Technology Reshaping SCM!

Supply Chain Game Changer

If SCM tech were a summer reading list, Blockchain would be the Twilight trilogy. The distributed database which is one of the main pillar of Blockchain concept, can used to get the inventory status across companies and even across the supply chain. Subscribe Here! Email Address.

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RFID in the Supply Chain: Fizzling Technology or the Future of Effective SCM?

Cerasis

More recently, with the rise of interconnected systems, the analytics to derive value from those systems seems, and decreased costs, RFID is resurrecting as a solution for increasing supply chain management (SCM), visibility into processes, and reducing inventory tracking costs. Active Versus Passive RFID Tags in SCM. Both passive and active tags have been a subject of debate in SCM. Instantaneous inventory cycling reduces delays and speeds SCM.

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SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. This included monthly reviews between business units and central operations teams and adaptive inventory segmentation policies.

Cloud Supply Chain Management: SCM’s Head is in the Clouds…and For Good Reason

Cerasis

Concerning Oracle’s new improvements in the SCM cloud, user accessibility and ease-of-access will further drive adoption rates of cloud-based solutions, particularly TMS solutions. The use of cloud computing in supply change management is not some dark, forbidden territory any longer.

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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.

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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. What is Lean Inventory Management? Attributes of Lean Inventory Management.

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[Video] Ford Motor Company: Creating global data standards with SCM software

Kinaxis

My role is to help make certain that we have the most efficient supply chain, and the lowest possible inventories to enable us to sell the maximum possible number of units. The question is, what SCM software tool do they have to make that supply chain as accurate and as lean as possible?

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World Class Inventory Turnover Breakthrough Elements! (Infographic)

Supply Chain Game Changer

Improving Inventory turnover performance is both a requirement and a challenge for many companies. We’ve written several blogs on this subject to share our experiences in achieving truly game changing results in inventory management. Subscribe Here! Email Address.

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. SCM systems provide a strategic advantage and business insight to companies and their operations. Today, SCM systems are critical to businesses of all sizes and in all industries for managing their day to day operations.

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Trends & Strategies in Logistics and SCM

Supply Chain Movement

Solutions focused on improving transparency of tier two suppliers, inventory and demand impede mitigation and force companies into reactive strategies. 2013 Trends and Strategies in Logistics and Supply Chain Management: Embracing Global Logistics Complexity to Drive Market Advantage. The key results of this study by BVL International on trends and strategies in logistics and supply chain management are summarized, as follows.

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How to Avoid ERP – SCM Integration Pitfalls

Logility

Recently I sat down with Svenne Juul, president of AdapChain, a third party enterprise integration specialist, on how organizations can avoid the common pitfalls during SCM – ERP integration. You may also download the full, on-demand podcast, Avoiding ERP-SCM Integration Pitfalls. (CR): Supply chains deal with customer demand, inventory, items or materials, customers.a

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How to Avoid ERP – SCM Integration Pitfalls

Logility

Recently I sat down with Svenne Juul, president of AdapChain, a third party enterprise integration specialist, on how organizations can avoid the common pitfalls during SCM – ERP integration. You may also download the full, on-demand podcast, Avoiding ERP-SCM Integration Pitfalls. (CR): Supply chains deal with customer demand, inventory, items or materials, customers.a

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Double Inventory Turnover In 9 months!

Supply Chain Game Changer

Check out World Class Inventory Turnover Breakthrough Elements! “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, In that meeting I set the target … we needed to reach double digit Inventory turns within the next year.

What is Change Management’s Role in the Digital Transformation of SCM?

Supply Chain Game Changer

Be it a new P2P system, automated inventory management or more intelligent analytics about your supplier’s performance. SCM #SupplyChain #Technology #Change #Transformation #Leadership #HumanResources. Subscribe Here! Email Address.

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4 Ways Sonus Improved Demand Planning and Reduced Inventory by 20%

Kinaxis

To combat its planning issues, Sonus took four steps to improve demand, reduce inventory, and share information better across the entire network. Combining these four steps has enabled Sonus to improve daily operations in demand and supply management, inventory optimization, and S&OP.

OPTSUM 2015: Where SCM meets Science

Supply Chain Nation

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.

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An S&OP Q&A with SCM World’s Kevin O’Marah

Logility

Recently I had the pleasure to sit down with Kevin O’Marah, Chief Content Officer at SCM World , to discuss one of the hottest topics in supply chain—sales and operations planning ( S&OP ).

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Report from SCM World Provides Roadmap for Digitization

Supply Chain Nation

SCM World recently published The Digital Transformation Directive: Practical Approaches to Tackling Disruptive Technologies at the C-Suite. The report is based on conversations held when SCM World hosted a group of fifteen cross-industry CSCOs, COOs, and CPOs to discuss digitization, and to determine whether ‘digital’ was just another buzzword with hyped promises that would soon fade. Retail SCM World

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Inventory Turnover Breakthrough … Go Back To The Basics!

Supply Chain Game Changer

Check out World Class Inventory Turnover Breakthrough Elements! I had accepted a career changing challenge … how to change the company’s Inventory Turnover performance from being perennially worst in the Industry to being one of the best. Subscribe Here! Email Address.

Supply Chain Management (SCM) is Becoming Younger, More Educated, More Diverse!

Supply Chain Game Changer

When we speak with SCM professionals from the baby boomer and Gen X generations, it’s really common for us to hear, “I didn’t plan on going into Supply Chain, but I fell into it.” Jobs #HumanResources #SCM #SupplyChain #Millennials. Subscribe Here! Email Address.

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Is There a Third Option for SCM Executives Looking to Revamp their Supply Chain Management Operations?

Kinaxis

A new alternative is now possible for companies, especially those looking to gain a competitive advantage with their SCM operations. While many supply chain executives have never seriously considered managed services as an SCM option due to liability, performance or security risk concerns, this is indeed an economical, efficient and strategically viable solution that supply chain leaders should consider to deliver operational performance. Is SCM a Core Competency?

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Part 2: An S&OP Q&A with SCM World’s Kevin O’Marah

Logility

In Part 1: An S&OP Q&A with SCM World’s Kevin O’Marah we discussed the drivers impacting S&OP, the value of the process and the changing rhythm of S&OP meetings.

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Seasoned Leadership in Action! An Interview with Paul Kretz, Head of SCM at Church & Dwight!

Supply Chain Game Changer

Tight timelines, customer escalations, engineering problems, board presentations, inventory variances etc. In SCM I think that the changes have been seismic. The departments were called production and inventory control, warehousing and transportation. Subscribe Here!

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Inventory Turnover – A Formula For Achieving Game Changing Results!

Supply Chain Game Changer

As we have discussed in other blog posts we have tackled Inventory Turnover several times, amongst many other challenges. Your challenge may be trying to improve Inventory performance or trying to create a transformational improvement in some other area. Subscribe Here!

Do You Want Inventory Turnover Breakthrough? Define and Manage The Levers!

Supply Chain Game Changer

Check out World Class Inventory Turnover Breakthrough Elements! Taking a holistic approach in order to achieve Inventory Turnover Breakthrough results meant that I needed to consider the End To End Supply Chain. Thus we would be able to make a rapid dent in our Inventory levels.

SAPInsider SCM 2017: Two Demand Planning Sessions That You Shouldn’t Miss

Arkieva

From discussions on enabling advanced business processes and improving supply chain visibility, to supply chain technology trends, the SAPInsider SCM 2017 in Orlando Florida, is set to be a fun learning and networking experience for supply chain professionals using SAP systems.

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Inventory optimization: German DIY and Garden Center Chain HELLWEG Implements RELEX SCM-Software

RELEX Solutions

With more than 150 DIY and garden centers the HELLWEG group chose RELEX Solutions’ supply chain management software to manage its inventory and master two-stage replenishment via its distribution center. Press Releases Home & Garden Inventory Optimisation Supply Chain Analytics

New SCM Cloud Plan to Produce Materials Available

Oracle SCM

In a recent press release , Oracle announced the availability of two new SCM cloud products, Oracle Manufacturing Cloud and Oracle Supply Chain Planning Cloud. These two products, together with Inventory and Cost Management Cloud, form Oracle’s Plan to Produce solution, a comprehensive and integrated suite of supply chain cloud applications. Manufacturing cloud manufacturing plan planning produce scm to

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Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock.