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Technologies such as demand forecasting and inventory optimization , which automate decision making and free up working capital while guaranteeing service, are top priorities for investment.” MORE
Since their inventory is classified as medical devices, the UDI requires the company to provide a unique product label in a barcode format on every device. The post Case Study: Major Medical Company Meets UDI Compliance appeared first on AB&R. Asset Management Blog Inventory Management barcode verification case study medical device label regulations Solution process UDIBackground and Challenge. MORE
The importance is based on companies’ needs in the chemical supply chain – from suppliers to downstream customers – to reduce inventory. A survey by LogiChem reported that 70% of the 200 supply chain executives surveyed said reducing inventory is their top priority. MORE
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. MORE
by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ The authors, Anandhi Narayanan, Senior Manager, Advanced Customer Solutions, Charles Thomas, Director, IT Customer Solutions, Stacey Greene, Director of Inventory Optimization and Robert Rejano, Processes and Applications Advisor, all with Celestica, describe the critical steps needed to drive inventory performance improvements. MORE
Source: 2017 Gartner Supply Chain Technology User Wants and Needs Study, Dwight Klappich. The annual Gartner Supply Chain Technology User Wants and Needs Study, now its tenth year, is one of this industry's most comprehensive studies of supply chain users. To get to the next level, the study shows that these companies need to free up resources to focus on growth, transformation and agility. MORE
The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. Note that the industry aggregate actually went backwards, as did operating margin and inventory for the period 2015-2017. Orbit Chart for L’Oréal at the Intersection of Inventory Turns and Operating Margin. MORE
September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. The study shows that companies are aspiring to reinvent themselves as an entirely new entity, working to balance all these dimensions to achieve their digital transformation goals. PRESS RELEASE. MORE
After the merger, the operations in North Carolina grew from $4 million in inventory to $20 million, which meant adding a second 75K sqft. The post Lionel Racing: An Omni-Channel Case Study appeared first on Talking Logistics with Adrian Gonzalez. Case Study Episode Highlights Retail Trends Supply Chain & Logistics Trends Descartes Lionel Racing omni-channel fulfillment MORE
Supply Chain Management Case Study: Total Delivered Cost Model. In this supply chain management case study, read how LeanCor analyzed the supply chain to find opportunities to reduce total delivered cost, and identified pilot SKU’s for implementation. Inventory Cover and Costs (Including Overflow and External Warehouses). Continue minimizing total delivered costs (production, inventory, freight). Reduce lead times and inventories. MORE
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. In business there are many drivers of inventory, and the management of inventory levels requires discipline and a cross-functional focus. What Drives Inventory Effectiveness? MORE
Featuring Our 10 Best Inventory Management Articles! Inventory makes the world go round. Trillions and trillions of dollars of inventories exist all over the world in every conceivable form and in every conceivable channel. What is Inventory Management ? Subscribe Here! MORE
We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We hope the following case study shows you the proverbial proof in the pudding of effective Logistics KPIs management. . A Case Study of How one Large Shipper Used Effective Logistics KPIs Management to Stay Strategic and Competitive. MORE
Each scan transacts against the ERP in real-time, eliminating lag time and ensuring accurate inventory levels. In this article, we’ll explore top case studies illustrating how companies added mobile barcoding technology to get more out of their JD Edwards ERP investment. Overview. MORE
Case studies Insights & Analysis Productivity Popular PostsThe world’s largest home furnishing retailer has 355 stores in 29 countries. What are the best-kept secrets behind IKEA’s supply chain management processes? MORE
Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. So inventory optimization software is still “low hanging fruit” for those seeking higher levels of supply chain maturity and improved use of supply chain analytical tools. Much of inventory is a hedge against uncertainty. MORE
Based on MIT's five-year, fourteen-country study – one of the largest and most thorough ever undertaken -- the book describes the entire managerial system of lean production. 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. And we especially don’t want an environment where a shift in demand or a contraction in the business cycle leads to eating huge inventory losses. MORE
When you look at the potential benefits in inventory savings, freight savings, and on-time fulfillment improvements, it’s not that difficult to build the business case. Therefore, the manageable approach has been to aggregate SKUs into groups or categories, and to optimize orders, inventory, and transportation separately, with planners making manual adjustments afterwards to balance the outcomes. This lead to high inventory carrying costs at some stores and out-of-stocks at others. MORE
Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. If we’re going to get inventory into consumer hands the same day they place the order, the inventory has to be 1) available and 2) less than 8 hours away. This requires us to push the boundaries of current inventory management practices, or hold lots of inventory network-wide. MORE
“Your inventory problem is scary because you’re selling out before you can make new items to meet demand”. Many retailers agree that inventory can be scary. Jill , Nike and H&M who missed sales projections, upset customers with out-of-stocks, and had to clear excess inventory through deep discounting. Inventory distortion” (the combined cost of out-of -stocks and overstocks) accounts for $1.1 For example, say you have $5,000,000 of inventory at cost on hand. MORE
This comprehensive joint research project with Aalto University studied identification methods to find parts that are suitable for AM, as well as part performance, workflow and quality assurance implications, and embedded intelligence or “smart” spare parts. MORE
There are different ways for retailers to get and sell their inventory. The most common being where a retailer purchases their inventory and stocks it in their warehouse for the customers to buy. However, consignment inventory can be a risk-free option for the retailer. MORE
What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind. The study encompasses over $250 billion in annual sales from global manufacturers across a variety of industries, including consumer packaged goods, food and beverage, animal care, chemicals, and oil and gas. MORE
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. Inventory is the culmination of many business decisions. The Inventory Management Journey. MORE
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently? IO uses powerful analytics to generate the right inventories to meet demand, address demand volatility, and achieve targeted service levels. MORE
Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. What is vendor-managed inventory? The benefits of the vendor-managed inventory process include: Enhanced visibility for vendor. Maintaining optimum inventory levels. MORE
Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented. This section features the supply chain case studies of H&M, Benetton, Zara and Adidas. The last supply chain case study in the fashion retailing industry is Adidas. MORE
When I would get ready to place orders, I‘d have to go to each of four different departmental supply rooms, manually check the number of supplies in inventory and write down what I wanted to order,” Crow explains. Hybrent’s application not only frees staff time, it also allows those on the front lines of supply chain to know the center’s inventory. The post Surgery Center Case Study: Less Time at Computer, More Time in OR appeared first on Hybrent. SITUATION. MORE
Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. So inventory optimization software is still “low hanging fruit” for those seeking higher levels of supply chain maturity and improved use of supply chain analytical tools. Much of inventory is a hedge against uncertainty. MORE
In the 2015 19th Annual Third Party Logistics Study, survey results showed the continuing, positive overall nature of shipper-3PL relationships. Both parties view themselves as being successful, and shippers are seeing positive results again this year: an average logistics cost reduction of 9% an average inventory cost reduction of 5% and an average fixed logistics cost reduction of 15%. MORE
Effective inventory management is crucial to reducing costs in any manufacturing business. Good food manufacturing software provides a means to track inventory in real-time, through every step of the supply chain. Why your food inventory management system is going stale. MORE
What is Inventory Optimization? It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization can help overcome these errors to a large extent. MORE
What is Inventory Optimization? It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization can help overcome these errors to a large extent. MORE
We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement. The balance factor tracks progress on both year-over-year growth and Return on Invested Capital (ROIC), and the strength factor is based upon improvement in both operating margin and inventory turns. MORE
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently? IO uses powerful analytics to generate the right inventories to meet demand, address demand volatility, and achieve targeted service levels. MORE
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”. MORE
ToolsGroup
MAY 12, 2021
Technologies such as demand forecasting and inventory optimization , which automate decision making and free up working capital while guaranteeing service, are top priorities for investment.”
Supply Chain Shaman
OCTOBER 5, 2018
The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. Note that the industry aggregate actually went backwards, as did operating margin and inventory for the period 2015-2017. Orbit Chart for L’Oréal at the Intersection of Inventory Turns and Operating Margin.
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Supply Chain Game Changer
APRIL 27, 2021
Featuring Our 10 Best Inventory Management Articles! Inventory makes the world go round. Trillions and trillions of dollars of inventories exist all over the world in every conceivable form and in every conceivable channel. What is Inventory Management ? Subscribe Here!
Talking Logistics
JULY 19, 2016
After the merger, the operations in North Carolina grew from $4 million in inventory to $20 million, which meant adding a second 75K sqft. The post Lionel Racing: An Omni-Channel Case Study appeared first on Talking Logistics with Adrian Gonzalez. Case Study Episode Highlights Retail Trends Supply Chain & Logistics Trends Descartes Lionel Racing omni-channel fulfillment
ToolsGroup
OCTOBER 31, 2017
“Your inventory problem is scary because you’re selling out before you can make new items to meet demand”. Many retailers agree that inventory can be scary. Jill , Nike and H&M who missed sales projections, upset customers with out-of-stocks, and had to clear excess inventory through deep discounting. Inventory distortion” (the combined cost of out-of -stocks and overstocks) accounts for $1.1 For example, say you have $5,000,000 of inventory at cost on hand.
Supply Chain Shaman
OCTOBER 22, 2015
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. In business there are many drivers of inventory, and the management of inventory levels requires discipline and a cross-functional focus. What Drives Inventory Effectiveness?
Supply Chain Brain
AUGUST 21, 2020
What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind. The study encompasses over $250 billion in annual sales from global manufacturers across a variety of industries, including consumer packaged goods, food and beverage, animal care, chemicals, and oil and gas.
Talking Logistics
NOVEMBER 19, 2014
When you look at the potential benefits in inventory savings, freight savings, and on-time fulfillment improvements, it’s not that difficult to build the business case. Therefore, the manageable approach has been to aggregate SKUs into groups or categories, and to optimize orders, inventory, and transportation separately, with planners making manual adjustments afterwards to balance the outcomes. This lead to high inventory carrying costs at some stores and out-of-stocks at others.
Supply Chain Opz
JUNE 1, 2014
Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented. This section features the supply chain case studies of H&M, Benetton, Zara and Adidas. The last supply chain case study in the fashion retailing industry is Adidas.
Unleashed
AUGUST 11, 2020
Effective inventory management is crucial to reducing costs in any manufacturing business. Good food manufacturing software provides a means to track inventory in real-time, through every step of the supply chain. Why your food inventory management system is going stale.
LeanCor
JUNE 17, 2014
Supply Chain Management Case Study: Total Delivered Cost Model. In this supply chain management case study, read how LeanCor analyzed the supply chain to find opportunities to reduce total delivered cost, and identified pilot SKU’s for implementation. Inventory Cover and Costs (Including Overflow and External Warehouses). Continue minimizing total delivered costs (production, inventory, freight). Reduce lead times and inventories.
|
ToolsGroup
JUNE 6, 2017
Source: 2017 Gartner Supply Chain Technology User Wants and Needs Study, Dwight Klappich. The annual Gartner Supply Chain Technology User Wants and Needs Study, now its tenth year, is one of this industry's most comprehensive studies of supply chain users. To get to the next level, the study shows that these companies need to free up resources to focus on growth, transformation and agility.
ToolsGroup
JUNE 19, 2018
Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. So inventory optimization software is still “low hanging fruit” for those seeking higher levels of supply chain maturity and improved use of supply chain analytical tools. Much of inventory is a hedge against uncertainty.
Kinaxis
FEBRUARY 22, 2018
Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. What is vendor-managed inventory? The benefits of the vendor-managed inventory process include: Enhanced visibility for vendor. Maintaining optimum inventory levels.
Supply Chain Shaman
SEPTEMBER 3, 2015
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.
Supply Chain Shaman
MAY 3, 2015
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. Inventory is the culmination of many business decisions. The Inventory Management Journey.
RFgen
OCTOBER 14, 2020
Each scan transacts against the ERP in real-time, eliminating lag time and ensuring accurate inventory levels. In this article, we’ll explore top case studies illustrating how companies added mobile barcoding technology to get more out of their JD Edwards ERP investment. Overview.
ToolsGroup
AUGUST 28, 2018
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently? IO uses powerful analytics to generate the right inventories to meet demand, address demand volatility, and achieve targeted service levels.
ToolsGroup
AUGUST 28, 2018
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently? IO uses powerful analytics to generate the right inventories to meet demand, address demand volatility, and achieve targeted service levels.
Talking Logistics
MAY 6, 2019
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”.
Kinaxis
MARCH 25, 2015
by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ The authors, Anandhi Narayanan, Senior Manager, Advanced Customer Solutions, Charles Thomas, Director, IT Customer Solutions, Stacey Greene, Director of Inventory Optimization and Robert Rejano, Processes and Applications Advisor, all with Celestica, describe the critical steps needed to drive inventory performance improvements.
ToolsGroup
SEPTEMBER 25, 2019
September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. The study shows that companies are aspiring to reinvent themselves as an entirely new entity, working to balance all these dimensions to achieve their digital transformation goals. PRESS RELEASE.
DiManEx
NOVEMBER 11, 2020
This comprehensive joint research project with Aalto University studied identification methods to find parts that are suitable for AM, as well as part performance, workflow and quality assurance implications, and embedded intelligence or “smart” spare parts.
ThroughPut
JUNE 4, 2020
What is Inventory Optimization? It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization can help overcome these errors to a large extent.
ThroughPut
JUNE 4, 2020
What is Inventory Optimization? It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization can help overcome these errors to a large extent.
GlobalTranz
OCTOBER 29, 2015
We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We hope the following case study shows you the proverbial proof in the pudding of effective Logistics KPIs management. . A Case Study of How one Large Shipper Used Effective Logistics KPIs Management to Stay Strategic and Competitive.
LeanCor
NOVEMBER 18, 2013
Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. If we’re going to get inventory into consumer hands the same day they place the order, the inventory has to be 1) available and 2) less than 8 hours away. This requires us to push the boundaries of current inventory management practices, or hold lots of inventory network-wide.
ToolsGroup
JUNE 19, 2018
Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. So inventory optimization software is still “low hanging fruit” for those seeking higher levels of supply chain maturity and improved use of supply chain analytical tools. Much of inventory is a hedge against uncertainty.
Supply Chain Shaman
AUGUST 11, 2014
We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement. The balance factor tracks progress on both year-over-year growth and Return on Invested Capital (ROIC), and the strength factor is based upon improvement in both operating margin and inventory turns.
TradeGecko
JULY 1, 2018
Case studies Insights & Analysis Productivity Popular PostsThe world’s largest home furnishing retailer has 355 stores in 29 countries. What are the best-kept secrets behind IKEA’s supply chain management processes?
ToolsGroup
NOVEMBER 3, 2015
Based on MIT's five-year, fourteen-country study – one of the largest and most thorough ever undertaken -- the book describes the entire managerial system of lean production. 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. And we especially don’t want an environment where a shift in demand or a contraction in the business cycle leads to eating huge inventory losses.
AB&R
JANUARY 3, 2019
Since their inventory is classified as medical devices, the UDI requires the company to provide a unique product label in a barcode format on every device. The post Case Study: Major Medical Company Meets UDI Compliance appeared first on AB&R. Asset Management Blog Inventory Management barcode verification case study medical device label regulations Solution process UDIBackground and Challenge.
Hybrent
FEBRUARY 6, 2019
When I would get ready to place orders, I‘d have to go to each of four different departmental supply rooms, manually check the number of supplies in inventory and write down what I wanted to order,” Crow explains. Hybrent’s application not only frees staff time, it also allows those on the front lines of supply chain to know the center’s inventory. The post Surgery Center Case Study: Less Time at Computer, More Time in OR appeared first on Hybrent. SITUATION.
Supply Chain Movement
JANUARY 19, 2015
In the 2015 19th Annual Third Party Logistics Study, survey results showed the continuing, positive overall nature of shipper-3PL relationships. Both parties view themselves as being successful, and shippers are seeing positive results again this year: an average logistics cost reduction of 9% an average inventory cost reduction of 5% and an average fixed logistics cost reduction of 15%.
EMERGE App
NOVEMBER 16, 2020
There are different ways for retailers to get and sell their inventory. The most common being where a retailer purchases their inventory and stocks it in their warehouse for the customers to buy. However, consignment inventory can be a risk-free option for the retailer.
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