SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

When I hear companies discussing the implementation of a customer segmentation strategy, I ask a series of questions: Who is your customer? What are you trying to accomplish through the execution of a customer segmentation strategy?

Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

There is no logical connection between inventory strategy and logistics optimization or the multiplicity of rules—allocation, ATP, inventory matching, routing—and planning engines. Second Step: Understand the Role of Inventory. Current Levels of Inventory.

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.

Key Questions for a Successful Distribution Network

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

If we're going to offer the speed of shipping and variety of inventory that today's customers have come to expect, there are a lot of different questions that need to be asked.

Manufacturing Day 2017: [Infographic] The Evolution of Inventory Management Strategies

Arkieva

When you talk to any manufacturer no matter how large or small about their concerns, improved inventory management is bound to be a part of the conversation. To celebrate manufacturing day today, we thought it would be beneficial to take a closer look at how inventory strategy keeps evolving using an infographic from Arkieva based on research conducted by Aberdeen.

Survey Results: Strategies for Inventory Optimization

E2open

Inventory management is a key contributor to the bottom line for every company with a supply chain. Clear visibility to all inventory in all locations eludes many companies, leading to inaccurate inventory forecasting and costly expedites, among other problems.

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.”

Inventory Management in Service Logistics Industry

Talking Logistics

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. For Management: a balancing strategy, etc…. Inventory Management: There’s No One-Size-Fits-All Approach.

Using Inventory Modeling to Develop a Holistic Inventory Strategy

Logistics Viewpoints

Top supply chain officers across the industry were recently surveyed¹ on their biggest barriers to effective inventory management. It’s no wonder: often inventory placement decisions are made in a vacuum without considering the end-to-end supply chain impact. How do you predict how much inventory to build when you can’t […]. Their top two responses were “Can’t Optimize Network Holistically” and “Demand Volatility”.

Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession.

How to Measure Inventory Health

ToolsGroup

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. That is, they should understand and improve stock strategies from a demand perspective.

Inventory Management

LeanCor

I propose three strategies that should get us closer to the goal, but require operational commitment of our supply chain and our company culture as a whole. Inventory Management Strategy. Same Day Delivery: Eating the Elephant in the Room – One Bite at a Time.

Executing Customer-Centric Supply Chain Strategies

Supply Chain Shaman

About twice a month, companies ask me to review their strategy documents. Frequently, I see the goal of “build a customer-centric strategy” or define an “end-to-end vision to deliver on the customer promise.” The Customer-Centric Supply Chain Strategy needs both.).

How to Measure Inventory Effectiveness

Arkieva

I discussed some of the possible pitfalls when using inventory turnover as a measurement for effective inventory management. In this post, I’ll describe a simple technique for measuring inventory effectiveness. How to Measure Inventory Effectiveness. How to Measure Inventory Effectiveness was first posted on March 6, 2018 at 7:24 am. ©2017

What Your Inventory Can Tell You About Your Promotional Strategies

Cognira

Below are some thoughts about promotions from the POV of an Inventory Manager. Inventory Managers can see that there is no turning back time on the discount clock. Why do Inventory Managers care? How does this impact Inventory Management?

What is Inventory Carrying Cost?

EMERGE App

But while the newly arrived goods sit in your warehouse, did you know that there are also costs associated with keeping inventory? They are collectively called inventory carrying costs because they need to be paid to hold inventory. What is Inventory Carrying Cost?

E-Commerce Shipping Strategy Challenges to Consider for Perfect Implementation

Cerasis

The path to perfect implementation of a new e-commerce shipping strategy is not always clear, and it comes with several challenges that can undermine the efficacy and cost-effectiveness of e-commerce.

The 9 Key Considerations of an Effective Last Mile Logistics Strategy

Cerasis

Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points. Planning Is Essential To Have an Effective Last Mile Logistics Strategy. Any effective strategy must begin with effective planning. Leverage the Right Technology as Part of Your Strategy.

When is Inventory Too “Lean”? Finding the Right Balance

ToolsGroup

But we have also seen companies misinterpret the lean message when it comes to inventory. It's good to trim bloated inventory and free up working capital. But inventory optimization can actually contribute to a lean environment.

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How to Change Your Inventory Management Strategy in the Omnichannel Era

Elementum

As recent losses by H&M and other major brands illustrate, poor inventory management can be a major cause of financial distress. There are a few solutions for the problem of inventory management in the omnichannel era. The U.S.

What’s New in Inventory Optimization?

ToolsGroup

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability. He reiterates why his firm sees inventory optimization (IO) solutions as so important.

3 Inventory Control Techniques to Improve and Maintain Inventory Accuracy

Unleashed

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Having poor and inaccurate inventory control can be costly because it causes issues such as unplanned stock-outs, the shipping of wrong products to customers, wasted resources trying to locate misplaced items and inventory shrinkage.

5 Ways an Omnichannel Supply Chain Strategy Can Improve Customer Experience

Cerasis

The importance of an omnichannel supply chain strategy cannot be overstated. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service? This is the core of an effective omnichannel supply chain strategy; variety and options define customer experiences.

What Your Inventory Can Tell You About Your Promotional Strategies

Cognira

Below are some thoughts about promotions from the POV of an Inventory Manager. Inventory Managers can see that there is no turning back time on the discount clock. Why do Inventory Managers care? It’s harder to move inventory through the supply chain quickly in response to sales.

10 Inventory Management Strategies to Transform Your Business

My Office Apps

10 Inventory Management Strategies to Transform Your Business. As balance sheet assets go, inventory is often the largest item. Getting inventory levels right is a challenge. Managers face the challenge of implementing effective inventory management strategies.

Five Types of Inventory Optimization You Should Know

ToolsGroup

Inventory configuration is usually the predominant issue in most manufacturing environments. Inventory policy is usually the predominant issue in most distribution environments. This risk pooling approach frequently requires less inventory.

Using Lean to Manage Inventory!

Supply Chain Game Changer

Check out A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! What is Lean Inventory Management? Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

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5 eCommerce Strategies for Memorial Day

Saleswarp

The kick-off for the summer season means many businesses are launching their seasonal sales and marketing strategies. Many sellers plan on dropping their prices over 70% during Memorial Day , so it’s important for your business to create a winning strategy. Memorial Day is nearly here!

5 Traits of a Great Inventory Manager

Unleashed

Inventory management is key to the success of any business, big or small. As your business grows, good inventory management will become even more crucial, and you may need to hire an inventory manager who can dedicate their time to ensuring it all runs smoothly. Being a successful inventory manager requires a broad range of skills and know-how. In this article, we explore the key attributes and tasks required of a good inventory manager. Ordering new inventory.

Protect Your Bottom Line With a Smart Supply Chain Design Strategy

Talking Logistics

Here is how these companies are using transportation optimization, inventory optimization and demand modeling as part of their supply chain design strategy to tackle the price factor head-on. Use Inventory Optimization to Secure the Right Inventory Mix.

Why Companies Need a Supplier Relationship Management Strategy

Cerasis

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle.

Supply Chain Strategies to Minimize the Impact of Tariffs

CHAINalytics

While … The post Supply Chain Strategies to Minimize the Impact of Tariffs appeared first on Chainalytics. Blog Feature Integrated Demand & Supply Planning Supply Chain Design Supply Chain Operations Cost-to-Serve free trade zone ftz global supply chain inventory Network Design sourcingThe Mandarin word for “crisis” is Weiji or ?? and it has two interesting characters, with the first meaning “danger” while the second represents “opportunity.”

What's wrong with ABC inventory classification?

ToolsGroup

ABC inventory classification has been around so long that most planners just assume it’s the only way to segment your inventory. Inventory Segmentation from the 1960s. To understand the shortcomings of ABC inventory classification, we need to understand how it is done.

Advantages and Pitfalls of Push and Pull Strategies in Distribution Networks

Kinaxis

The most common strategies for moving from upstream to downstream sites are push and pull strategies , or some mix of both. A pull strategy is when customer demand drives the entire production process. Let’s put the concepts of push and pull strategies into a real-world example.