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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The Inventory Accuracy “Confidence Gap”

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: 5 Key Insights to Improve Inventory Performance for 2019 ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.

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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 Abstracting the source and target systems in a way that makes them easy to understand is a big help.

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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 Abstracting the source and target systems in a way that makes them easy to understand is a big help.

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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. Source: Accenture. Source: Accenture. QR verification codes, and other sources of product verification, have been reshaping the limitations of logistics transparency for years. 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. Source: Deloitte.

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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. Sonus worked to seamlessly connect data from multiple sources, including traditional enterprise resource planning (ERP) software, existing Excel spreadsheets, and even its customer relationship management (CRM) tool. The post 4 Ways Sonus Improved Demand Planning and Reduced Inventory by 20% appeared first on The 21st Century Supply Chain.

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. SCM systems tie together and define a plethora of business processes and enable the flow of information between them – in essence SCM is the new business operating model. 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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Omni-Channel Logistics Leaders: The Importance of Real-Time Inventory Visibility

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: Top 5 Inventory Insights ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada. Source: “Omni-Channel Logistics Leaders: Top 5 Inventory Insights,” Adelante SCM & LEGACY SCS.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Source: Dictionary.com. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. As I sat with the team, and discussed the future of supply chain, they impressed me with their by their use of planning tools and their process diligence on building inventory strategies to enable a customer-segmented supply chain.

SCM Technology Leaders JDA and RedPrairie to Merge

Supply Chain Network

It will be the single best source of software products and domain expertise for manufacturers and retailers. To learn more about how RedPrairie solutions can optimize your inventory, improve employee productivity or increase sales, visit RedPrairie.com or email info@redprairie.com.

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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. If you are looking for warehouse cost reductions, chances are you are stocking too much inventory. Understand Data Integrity to Reduce Inventory Costs. Source: [link].

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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.

3 Types of Warehouse Management Systems

Vinculum

If your employees do not have an efficient tool to manage their inventory and warehouse, this is serious because your business is at stake. A standalone WMS can be used to manage inventory only. SCM differs from standalone WMS where you are just provided the warehousing features.

SCM World 2014 Chief Supply Chain Officer Report: A Conversation with Kevin O’Marah – Part III

Supply Chain Nation

In September, SCM World released its annual Chief Supply Chain Officer Report based on its survey of over 1,000 supply chain executives across all industries and geographies. Supply Chain Nation sat down with Kevin O’Marah, Chief Content Officer for SCM World, to discuss four key findings of the study. You can’t carry inventory just for the sake of on-hand availability; you can’t expedite every single shipment just because the customer wants it.

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3 Reasons to Take Your Inventory Management to the Cloud

DSI

With the holiday season in full gear, businesses race to keep up with customer demand and as a result, inventory management challenges rise to the forefront. To protect your bottom line, you need to know what’s in stock, what’s on order, and where and when it’s shipping—in short, you need real-time visibility into your inventory. Taking inventory management to the cloud builds on the expected benefits associated with a cloud deployment. Inventory Management Analytics.

De-segregating the supply chain: Lessons learned in the air

Kinaxis

By tapping on flight statuses between my source and destination locations, I looked for other flight paths with different connecting cities to see if I had any alternatives. There have been modular solutions to solve for demand planning , supply planning , master production scheduling , inventory optimization , and sales and operations planning. by Tom Gregorchik I remember while traveling last fall getting that dreaded alert we all hate see on our iPhones.

4 Challenges in Starting and Sustaining a SIOP Business Process

Supply Chain Game Changer

A Sales, Inventory and Operations Planning (SIOP) business process is an essential element for running a successful business. SIOP will allow you to improve your forecasting, capacity and resource planning, cash flow, and inventory levels. The Procurement/Supply Chain team needs to order the materials and manage inventory levels. And they are making commitments about the amount of cash and inventory that are needed to meet forecasts. Subscribe Here! Email Address.

Is S&OP an expensive band aid?

Kinaxis

Islands of information: Over the last two decades organizations made quite a bit of investment into Supply Chain Management (SCM) systems. These systems span across functions such as demand planning, supply planning, inventory planning, etc. Majority of the established vendors in the SCM space have grown into these disparate planning functions through acquisitions. Sales and operations planning (S&OP) Supply chain management S&OP Sales and operations planning SCM

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Confessions of a High Priced Expediter!

Supply Chain Game Changer

The spreadsheet format I developed to track the status of each part was critical because it became the document of record and the single source of the truth. We focussed on establishing Vendor Managed Inventory programs and improving our Lead Times and Parameter Management. Ordering extra inventory is a stop gap solution which will cause other problems down the road. SCM #SupplyChain #Logistics #Distribution #Procurement. Subscribe Here! Email Address.

Digital Supply Chains: What’s the Big Deal?

The Network Effect

Source: Digital Transformation of Supply Chains , p3, Capgemini Consulting (PDF). Source: Three Paths to Advantage with Digital Supply Chain , BCG. Fix Performance Gaps – use digital supply chain to handle the most laborious and important tasks, such as providing critical analytics, calculating optimal inventory allocations, and forecasting demand more accurately. Digital Supply Chain digital supply chain sce scm scp supply chain supply chain management

Innovative Approaches to Supply Chain Risk

Kinaxis

This key supplier had been identified and sure enough, you have a second source primed and ready to go. We have a problem.” The alternate source uses the same supplier in Taiwan. Adding to this challenge is the reluctance of suppliers to share their sources with their customers for competitive reasons. Efficiency programs like lean drove us to reduce suppliers and cut inventory.

Is Hyperloop the Next Great Supply Chain Technology?

Kinaxis

They might allow companies to carry less inventory – perhaps using Hyperloop to rapidly source whatever parts or raw materials that can’t be 3D printed. Supply chain management Flexbility Hyperloop Implications Resiliency SCM Supply chain Sustainability Technologyby Melissa Clow This guest post comes to us from Argentus Supply Chain Recruiting , a boutique recruitment firm specializing in Supply Chain Management.

A “Swiss Army Knife” of Supply Chain Talent Requirements: Views from a Former Wolfpack Student

NC State SCRC

He became a director at that point, working with sales planning, inventory planning, and financial planning, and pulling together the Sales and Operations Planning team, as well as introducing new products and eliminating obsolescence. This was a new era for Marsh, as it involved moving towards a much more centralized approach to SCM. In 2013 we had $8M of raw material inventory – due to poor purchasing, poor safety stock decisions, and a lot of WIP in the system.

Three new year’s resolutions for your supply chain

The Network Effect

Today’s ERP systems (and the applications that run off of them) were built for the vertically integrated supply chains of a few decades ago, where a single company would often source, build, and deliver the product to the end customer. Recent studies show that a traditional consumer goods company is carrying twice the inventory that is needed (at a huge opportunity cost) and yet is still only satisfying 96 percent of consumer demand.

A Case Study in Reverse Logistics Optimization!

Supply Chain Game Changer

The application of advanced forecasting and planning methodologies improve inventory management in a critical, high-volume repair business, dramatically reducing costs and fulfillment cycles while improving customer satisfaction. Difficulties forecasting demand in a high-volume repair environment caused inventory costs to skyrocket. Inadequate planning and execution resulted in excess and obsolete inventory and poor utilization of warehouse space. Subscribe Here!

Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

Inventory Turns 3. (10%). Source: Gartner. Return on Assets (ROA) and Inventory turns are also a part of the scoring process. There is no question that the Supply Chain of any business usually has a significant impact on ROA and certainly on Inventory turns. Further an Inventory turn of 1.0 combined with an Inventory turn of 1.2 Inventory Turns: 2017 cost of goods sold/2017 quarterly average inventory. Source: Gartner (May 2018).

Are We Facing the End of Supply Chain Management?

Supply Chain Game Changer

Picture an airport control tower, but for supply chain management: staffed 24/7, full of large screens full of 3d graphical representations of potential bottlenecks and inventory shortfalls all the way from order to delivery. SCM #SupplyChain #technology #automation #IoT #AI #digital. Freight and Logistics Guest Blog Post Procurement Supply Chain Management Technology AI Automation Digital IoT SCM supplychainSubscribe Here! Email Address.

Causal Forecasting Brings Precision to your Forecasting

Logility

You can be proactive and use c ausal f orecasting to leverage data you already own, model additional data sources that could help explain demand variability… or do nothing. . Phone * Company * Job Title * Zip Code * Source Asset Source Download ID.

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. It will be a source of competitive differentiation, it will become more cost effective, it will be function that people are excited to be a part of, and it will drive your company’s future success.

This Week in Logistics News (August 5-9, 2013)

Talking Logistics

E2open Acquires icon-scm. In technology-related news, Oracle announced the new release of Oracle Retail Allocation that helps retailers “to deliver the right product, in the best assortment, for each location using real-time inventory levels along with sales and planning information.” uses embedded business intelligence analyzing input from multiple data sources to provide allocators with better insight and recommendations. .

Seasoned Leadership in Action™ – An Interview with Scott Cleaver, COO at ecobee!

Supply Chain Game Changer

When I joined Spin Master we re-engineered our process to improve our inventory performance. When I joined we were struggling with a high % of non-performing inventory. Through re-engineering the S&OP and planning processes we were able to significantly reduce the non-performing inventory and free up the capital to support growth. In a 2-3 year period the revenue tripled to $1B usd but our actual inventory levels were lower than when we were a $300M company.

The American Red Cross: A New SCRC Partner Company Engages the Influence Model!

Supply Chain View from the Field

This was at the request of my good friend, Tom Nash, who I have known since 2000, when he was an IT Sourcing executive at Shell Oil in Houston. She was also able to establish inventory strategies for five large distribution centers that form the neural network for the entity’s emergency operations. In Tom’s short time that he has been at ARC, he has already helped to make the influence model a core part of the sourcing team culture.

The Cost of Denying your Supply Chain Orchestration Problems

Elementum

In this context, orchestration is all the work supply chain professionals do every day to “connect the dots” between disparate but interdependent teams, partners, systems, and data sources. Instead of this painfully slow, reactive, and expensive manual process, imagine having an inbox that highlights the potential problems you care about — delayed shipments, at risk orders, unforeseen production issues, or poorly deployed inventory — all prioritized by customer impact.

The Supply Chain Control Tower! An Assessment!

Supply Chain Game Changer

Image Source: Slideshare. Inventory management – Reduction in shortages/stock-outs & Improved warehouse and transport inventory. SCM #SupplyChain #Technology #Industry40 #Digital #Leadership. Guest Blog Post Supply Chain Management Technology Digital Industry40 Leadership SCM supplychainSubscribe Here! Email Address. Article created and permission to publish here provided by Jenis Sheth at [link].

Reverse Logistics and the Power of Your 3PL!

Supply Chain Game Changer

Refurbishing services are only one of the many reasons a company would need to ship a product back to its source. A well-established 3pl offers facilities to store goods, as well as a sophisticated warehouse management system to track inventory and provide complete visibility to the supply chain throughout the returns process. SCM #SupplyChain #reverselogistics #repair #recycling #aftermarket. Subscribe Here! Email Address.