article thumbnail

Life Sciences Supply Chain Inventory Optimization


The life sciences are integral to the quality of life and lifespan, but the field faces some uniquely difficult inventory challenges. Once you’ve created a digital twin of your physical supply chain, you can manipulate and experiment with the data.

article thumbnail

High Performance Inventory: The Supply Chain Differentiator


It’s the typical supply chain refrain. The key lies in high performance inventory. Forward-looking supply chain professionals understand that inventory is not an end in itself; it’s a means – to enhanced customer service, increased profitability, and greater efficiency.


Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chain Growing Pains with Anya Skomorokhova

The Logistics of Logistics

Anya Skomorokhova and Joe Lynch discuss supply chain growing pains. Anya is Co-founder and Chief Commercial Officer of PorterLogic, a low-code supply chain operations platform that replaces all the spreadsheets typically used to manage warehouses and inventory. About Anya Skomorokhova Anya Skomorokhova

article thumbnail

Inventory Everywhere, But Not the Right Product to Ship

Supply Chain Shaman

Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. Changes in Inventory Year-end inventory values by industry from Y Charts. Retrospective Why do we have issues managing inventory today? The story continues. Rising inflation. Next steps? Measurement.

article thumbnail

Just In: Inventory Optimization Research

How are organizations performing on inventory optimization? Inventory: asset or liability? It’s a debate as old as supply chains themselves. This new guide exposes many of these vulnerabilities and sheds light on how supply chain teams are adapting to the "new normal." Find out in this new research report.

article thumbnail

Beware the Swinging Pendulum on Supply Chain Inventory Practices

Logistics Viewpoints

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Why tell this story?

article thumbnail

Supply Chain Resilience. Really?

Supply Chain Shaman

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Background The Council of Supply Chain Resilience met for the first time this month. What is supply chain resilience? The reason?

article thumbnail

Digital Transformation: Why You Can’t Afford to Wait

Brittle supply chains, fragmented systems landscapes, unreliable and inaccurate data, as well as poorly managed IT and business networks are consistently reported as top concerns, which is why executives are increasingly prioritizing digital transformation.

article thumbnail

5 Powerful Prescriptive Analytics Examples in Supply Chain

Supply chain, with its complex planning questions, is typically an area where optimization technology is required. Supply Chain Network Design. Inventory optimization. Prescriptive analytics is a type of advanced analytics that optimizes decision-making by providing a recommended action. Read about 5 use cases.

article thumbnail

Elevate Your Supply Chain Resilience With Scenario Planning

Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP

As a supply chain director, you want to ensure that your supply chain network can withstand any disruptions and be optimized for peak performance. The global logistics market is growing, and companies need to prepare for the next generation of supply chain management.

article thumbnail

Your Supply Chain Challenges, Solved!: 5 Guides

Download these 5 comprehensive guides designed to solve the toughest challenges facing supply chains today. After helping 1,200+ of the world’s most recognized brands to enhance and optimize their supply chains, FourKites has crafted step-by-step guides to help you solve your business’s most pressing challenges.

article thumbnail

5 Critical Challenges Facing Pharmaceutical Supply Chains

There’s little room for error in most global supply chains, but none for the pharma cold chain. Real-time visibility and tracking are critical to order accuracy, schedule reliability, inventory management and compliance in a high-value, highly regulated industry.

article thumbnail

Just in Time vs. Just in Case: What’s the Way Forward for Supply Chains?

Just-in-time supply chains worked just fine — until they didn’t. Is more inventory the answer? Read this latest GEP paper to learn how enterprises can ensure adequate supplies without running excess inventory. It’s not a binary solution.

article thumbnail

The 2023 Supply Chain Crystal Ball: Challenges and Solutions

Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst

The supply chain management techniques that dominated the last 30 years are no longer supporting consumer behavior or logistics and manufacturing capabilities. You'll learn more about: Trending supply chain tech investments to consider. Forecasting techniques to manage inventory. So what’s working now?

article thumbnail

How to Tackle Today's Most Complex Inventory Challenges

Speaker: Andrew Kurpiel - AmerCareRoyal | Bill Benton - GAINS | Paul Benhamou - Benco Dental

The turbulence in today’s supply chain requires you to react faster and make continuous adjustments. By targeting inventory investments and regulating service expectations, their inventory optimization activities have improved performance. To accomplish this, you must evaluate and act on real-time data.