Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Supply Chain Warehous

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

Cerasis

Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. The post [PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization appeared first on Transportation Management Company | Cerasis.

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Inventory Management: We Can Do Better

Supply Chain Shaman

In my day-to-day work in supply chain management, I find more encounter more opinions than facts. …most discussions are fueled by over-zealous and self-serving marketing programs. Downsizing inventories over the past decade crippled the response.” Supply Management.

Why Omnichannel Supply Chain Success Depends on Inventory Optimization

Cerasis

All businesses want to achieve success, but omnichannel supply chain success requires a comprehensive level of oversight and control in your operation. However, inventory optimization can solve these challenges. What’s Wrong With Current Inventory Optimization Processes?

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. How to gain end-to-end visibility into any causes of delay in your global supply chain.

Inventory Management Mistakes: What Supply Chain Leaders and Managers Need to Know

Cerasis

Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net, the costliest problem is due in large part to poor inventory visibility and planning.

Inventory Management’s Crucial Role in the Supply Chain

Kuebix

What is Inventory Management and Why is it Important? Inventory management refers to the process of ordering, storing and using a company’s goods or materials. Ineffective management can result in excess inventory which runs the risk […].

Supply chain inventory optimization – Beyond the analytics

Kinaxis

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. The equivalent of 7% of America’s GDP is tied up in inventory, and accounts receivable and payable.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supply chains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. First, great supply chains are agile. Supply Chain Planning.

Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

In my work with Supply Chain Insights , I immerse myself in learning. I continually question my long-held beliefs on supply chain excellence. . When readers finish a Supply Chain Shaman blog, I want to drive a set of unique takeaways.

Automated Order Processing and Proactive Inventory Management

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

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align. Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line.

Using Technology to Improve Inventory Management

Cerasis

Using technology in the warehouse is one of the most effective ways to improve inventory management and reduce returns. Since returns represent a significant cost to companies, it is imperative for retailers to take steps to improve inventory management and manage returns.

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. As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

The Go-To List of Ways to Improve Inventory Management

Cerasis

Today’s warehouse managers need better inventory management strategies. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. Supply chain leaders should follow these key strategies for.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. .

Wanted: Supply Chain Architects!

Supply Chain Shaman

Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts. Figure 1: Definition of the Supply Chain Organization.

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.

Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

As I shopped at Best Buy for office supplies, I struggled to not think about the massive disruption of electronics supply chain. As markets shift, supply chains struggle to adjust. Supply chains operate blindly on order data.

Is Inventory Waste or an Asset?

Supply Chain Shaman

Next week is the annual Supply Chain Insights Global Summit , and summit preparation is on my agenda for the weekend. 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.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. The tension I felt reading the brochure on the plane is what I believe every supply chain leader feels every day.

A Better Approach for Changing Your Supply Chain Network and Balancing Inventory Levels

CHAINalytics

Determining the impact of manufacturing and distribution network changes on inventory levels, and the storage space that inventory will require, is a key function of supply chain network design.

Announcing the Supply Chains to Admire for 2019

Supply Chain Shaman

I feel that topic of supply chain management is analogous to the downward cycle of the news channels. What Drives Supply Chain Excellence? I analyze supply chain management. They lack of a standard definition for supply chain excellence adds to the confusion.

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.” Digital Supply Chain.

[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.

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. To complete a supply chain diagnostic, I take these four steps: Step One. inventory turns.

Congratulating the Supply Chains to Admire Winners

Supply Chain Shaman

This afternoon, I poured myself a cup of tea to pen congratulation emails to the Supply Chains to Admire award winners. Each year, based on feedback from supply chain leaders, we refine the methodology. Supply Chains to Admire Award Winners.

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.

The Potential and the Pitfalls of Vendor Managed Inventory (VMI)

The Network Effect

The post The Potential and the Pitfalls of Vendor Managed Inventory (VMI) appeared first on The Network Effect. Inventory Management Supply Chain Management VMI

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.

How Supply Chain Inventory Optimization Minimizes Costs

Descartes

Many companies struggle with supply chain inventory optimization. They need to overcome distributed data and inventory, navigate complex networks of locations, and manage configurations of thousands of parts. Inventory management is the.

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.

Supply Chain Leaders Prepare For The Long Haul. Caution: It Will Be Gray.

Supply Chain Shaman

Supply chains were ill-prepared for the pandemic. The design of the global supply chain at the start of the pandemic assumed frictionless borders, availability of transportation resources, and supply with few constraints.

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. Let’s learn and apply it to supply chain management.

The Bionic Supply Chain: The human, robotics, drones inventory management workforce.

PINC

If you happen to be in the Toronto area or are planning to attend the Distribution Logistics Summit in the first week of November in Toronto, Canada, I would like to invite you to attend the panel titled The Bionic Supply Chain.

McDonald’s Mesoamérica Supply Chain Response to COVID-19

ToolsGroup

Businesses around the world are learning to adapt as best they can to the COVID-19 supply chain impact. Unpredictable consumer behavior in response to macro events creates demand volatility in every link of global supply chains.

Is Your Supply Chain ‘Ready for Anything’?

ToolsGroup

In an ever-changing global economy with all its unexpected twists and turns, supply chain leaders are looking for a way to be ready for anything the real world throws at them. It boils down to three essential supply chain capabilities: Predict, Protect and Perform.

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.