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.

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.

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Participation request for interesting Supply Chain surveys

Supply Chain Movement

Dear Supply Chain Professionals, There are several very interesting supply chain surveys open for participation at the moment (in June 2015). In exchange for taking the survey, Supply Chain Insights will email you the final report, free of charge.

Survey 106

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.

Participation request for interesting Supply Chain surveys

Supply Chain Movement

Dear Supply Chain Professionals, There are several very interesting supply chain surveys open for participation at the moment (in Januaray and February, 2014). Vendor Managed Inventory (VMI): The value proposition these processes present.

Survey 110

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.”

Supply chain inventory optimization – Beyond the analytics

Kinaxis

But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. Implementing inventory optimization.

The Future of Inventory Management

Kinaxis

by Andrew Dunbar This post concludes my inventory management blog series. Inventory management is not a stand-alone business process that occurs after other processes are complete. How does your inventory manager’s role compare to the one I’ve described here?

COVID-19 Survey: Consumer Trends and Their Impact on Retail Supply Chains

Supply Chain Nation

To better understand the consumer perspective, Blue Yonder surveyed over 1,000 U.S. One-quarter of those both 45-60 (25%) and those 60+ (24%) said they prefer to use these services during the COVID-19 pandemic Compared to the 2019 survey, age had a much larger influence on adoption.

How a Site Survey Benefits You

AB&R

What is a site survey? The site survey is the first step in our Solutions Process. Our site surveys are more than us walking around your facility, we’re on a mission. Site surveys are beneficial because they provide the following: Our engineers do the heavy lifting.

Survey: Campaign planning in steel and aluminum manufacturing

DELMIA Quintiq

To keep a healthy inventory level, you don’t want to cast rare steel grades too frequently. The goal of campaign planning is to find the optimum balance between productivity, inventory and customer satisfaction. Take the survey.

Survey 205

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.

Inventory Management Levers – Success Through Collaboration

Kinaxis

by Andrew Dunbar So you’re an inventory manager, and your CFO just asked you to reduce inventory by 10% before year end to free up some capital for next year’s big investment in R&D. Figure 1: The theoretical on hand inventory level of a single item.

COVID-19 Month-Over-Month Survey Comparison: Consumer Trends and Their Impact on Retail Supply Chains

Supply Chain Nation

Building on our survey from last month, Blue Yonder surveyed another group of 1,000 U.S. If this is the case, we will see deep discounts from retailers at a level that allows them to cover the cost of goods and flip inventory to cash. COVID-19 Retail Supply Chain consumer surve

Omni-Channel Logistics Leaders: The Importance of Real-Time Inventory Visibility

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.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

” Currently working on a series of surveys to help clients answer these two questions, I struggle with the current state. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies.

Demand Planning Survey Shines Light on Supply Chain Attitudes

Logility

Dan Gilmore at Supply Chain Digest has some interesting survey numbers that may light a fire under some demand planning teams. The demand planner is a critical role in any supply chain—these people can commit a company to millions of dollars in inventory or capacity.

When SMBs Hit the Inventory Planning Complexity Wall

ToolsGroup

Inventory planning is especially important to small-to-midsize businesses (SMBs). Nobody wants to tie up more working capital than necessary in inventory, but SMBs typically have leaner resources, and a higher cost of capital means it’s more expensive to fund excess stock.

What Is the COVID-19 Impact on Your Supply Chain? We Surveyed the Transplace Network.

Transplace

We Surveyed the Transplace Network. Last week, we surveyed Transplace’s network of customers of $9+ billion of freight under management to reveal the impacts of the pandemic. Of those surveyed: 81% use Transplace’s Transportation Management System (TMS).

Are Ghost Assets Haunting Your Inventory Control?

Supply Chain Game Changer

Do You Want Inventory Turnover Breakthrough? It’s still being recorded in inventory and accounting systems. After an asset has broken, been sold, been misplaced or otherwise become unusable, it sometimes doesn’t get properly accounted for in inventory and record-keeping.

Are you getting the most out of your inventory management process?

Kinaxis

by Andrew Dunbar Inventory is often the single largest asset on a company’s balance sheet and your inventory management process can have a huge impact on your organization’s bottom line. Finance and business management will prioritize inventory reduction to increase profitability.

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”.

Demand Planning Survey Shines Light on Supply Chain Attitudes

Logility

Dan Gilmore at Supply Chain Digest has some interesting survey numbers that may light a fire under some demand planning teams. The demand planner is a critical role in any supply chain—these people can commit a company to millions of dollars in inventory or capacity.

10 Commandments of Inventory Management

Supply Chain Opz

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations.

2014 Merchandise Planning and Allocation Survey Results Revealed

Logility

Despite significant advancements in the technology to support omni-channel, adoption of transparent cross-channel inventory has yet to become a reality at most retailers. Recently, Boston Retail Partners released its 2014 Merchandise Planning and Allocation Survey which explores the current state of the retail industry and how technology is shaping retail capabilities. 69% of retailers maintain separate inventory across multiple channels.

Survey 109

Your supply chain is costing you money – Reason #6 Not effectively managing inventory.

Kinaxis

Reason #6 Not effectively managing inventory. Unfortunately, all the same kinds of things can happen to your supply chain inventory. Except that your inventory costs millions of dollars. So what strategies are out there to maintain inventories at the “right” level?

Medicine's Inventory Nightmare

Elementum

In a recent survey, 40 percent of surgeons admitted to having cancelled a case due to a lack of available supplies. However, many hospitals and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems. Further compounding the challenge of inventory management are shelf life limitations, which, in addition to age, can be contingent upon factors such as temperature.

Supply Chain Talent: Our Take on Deloitte’s Survey Report (part 1)

Demand Solutions

It’s an excerpt from “Supply Chain Talent of the Future,” Deloitte’s report on their third annual supply chain survey. This year’s survey focused on the readiness of today’s workforces to deal with tomorrow’s supply chain challenges.

Survey 184

Top 5 Ways Inventory Tracking Technology Is Evolving

Cerasis

In fact, a recent survey of economic experts, reports Jeff Wacker of Retail TouchPoints, found up to 59 percent of retailers are making plans to invest in technology, which includes inventory tracking technology. Diverse Inventory Technology Grows Focused on Specific Niches.

Medicine's Inventory Nightmare

Elementum

In a recent survey, 40 percent of surgeons admitted to having cancelled a case due to a lack of available supplies. However, many hospitals and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems. Further compounding the challenge of inventory management are shelf life limitations, which, in addition to age, can be contingent upon factors such as temperature.

Show Me the Money: MH&L’s 2018 Salary Survey

Material Handling & Logistics

Our annual salary survey reveals that the typical material handling and logistics professional earns $93,697. inventory/materials manager with a food & beverage manufacturer with 26-30 years of experience, living in the Middle Atlantic region and earning $107,000.

Is your inventory manager a firefighter or an air traffic controller?

Kinaxis

by Andrew Dunbar This is the second blog in my series on Inventory Management. You can find the first one ‘ Are you getting the most out of your inventory management process? Managing inventory can be a challenging job! Inventory managers have to balance multiple conflicting priorities, support multiple internal and external customers, and are typically responsible for millions of dollars spread across multiple sites. Who manages inventory at your company?

Why Have We Not Reduced Inventory?

Supply Chain Shaman

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. Have the early adopters of inventory optimization seen a reduction in inventory on their balance sheets?”

Using Analytics to Manage Inventory

Silvon Software

It’s true that inventory management is a challenge for both manufacturers and distributors. For example, excess inventory can cause a decrease in product turnover and a loss of profits, while stock-outs can cause backorders, unhappy customers and lost sales. Inventory Surplus.

Supply Chain Talent: Our Take on Deloitte’s Survey Report (part 1)

Demand Solutions

It’s an excerpt from “Supply Chain Talent of the Future,” Deloitte’s report on their third annual supply chain survey. This year’s survey focused on the readiness of today’s workforces to deal with tomorrow’s supply chain challenges.

Survey 130

Not So Hidden Inventory

Logility

Recently, we were asked by the management of a manufacturer to help them assess why inventory levels were so high and trending upward. We went to the manufacturing plant to survey the scene, to see if we could determine the root cause of their inventory problem.

Not So Hidden Inventory

Logility

Recently, we were asked by the management of a manufacturer to help them assess why inventory levels were so high and trending upward. We went to the manufacturing plant to survey the scene, to see if we could determine the root cause of their inventory problem.