Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The cash-to-cash definition is: Cash-to-cash= Days of Receivables+ Days of Inventory-Days of Payables. Note the increase in receivables, inventory and payables, and the small increase in Cash-to-Cash.

Who Should Be In The Winner’s Circle?

Supply Chain Shaman

After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital. Note that while the company drove improvement in margin, there is underperformance in inventory turns.

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Operational Excellence: Streamlining the Warehouse Layout Process

Talking Logistics

Understand how the inventory moves. The first step in the process is to dig into the data on your current operations to determine the “behavior” of your inventory. This includes characteristics like: The volume of inventory on pallets vs. cartons. Can inventory be racked? The answers to all these questions and more lie in your current operating data and inventory profile analysis. Know how your inventory moves.

Supply Chain Shaman - Untitled Article

Supply Chain Shaman

Recently, I spoke on the future of supply chain management at the University of Tennessee Supply Chain Forum. For him this meant growing top-line revenue with less supply chain inventory. Demand planning was implemented in six months while tactical supply and inventory planning took twelve months. The business grew with the same levels of inventory, and improved service levels Today, service levels (case fill rates) are 2% above target.

What is Supply Chain Compliance and Why is it Important?

AB&R

Tennessee. Asset Management Blog Inventory Management Managed Services Manufacturing RFID Transportation & Logistics asset management barcode verification compliance labeling GS1 harsh environment labeling UDIWhen you hear the word compliance , what’s the first thing that comes to mind? Here is a good question to help you understand what compliance should look like in your organization. What are your customer, partner, regulatory, and vendor expectations?”.

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

An extreme example of this is a ride from Chicago to Colesburg, Tennessee taking 18 days, 13 hours, and 57 minutes! This has led to increased costs, not to mention all the inventory stuck in-transit. If the supplier performance degrades gradually and on average the supplier is now taking 10 days to deliver, you get into a constant firefighting mode with inventories running low, regardless of how good your planning algorithms are.

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on. in C2C Improvements Per Shipment: Automated shipment confirmations from logistics service providers (LSPs) reduces Days of Inventory by speeding up PGI.

Experts Suggest How to Slash Supply Chain Risk Properly

Supply Chain Opz

Clearly, redundancy (extra inventory, more suppliers, etc.) Christopher Craighead, Professor of Supply Chain Management, University of Tennessee The easiest and, in many cases, the most cost effective mitigation technique is analyzing partner (e.g., Developing supply chain risk mitigation strategy can be a time consuming task. To tackle risks timely, we invite experts to explain what strategy really works.

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Becoming a High Performing Sense and Respond Enterprise: End-to-End Supply Chain Visibility is Key

Talking Logistics

Typically companies operated in silos, but according to a recent Global Supply Chain Institute at the University of Tennessee survey, while some lines between business functions have blurred, silos still exist, especially between purchasing and logistics. Per Gartner the quantitative benefits include: Inventory savings of 20% of value. Decrease of inventory on stock from just over 10 days to fewer than seven days. As supply chains extend globally, they become more complex.

Three supply chain lessons for businesses coping with COVID-19

CH Robinson Transportfolio

According to a paper published by the Global Supply Chain Institute at the University of Tennessee, only 25% of a typical company’s end-to-end supply chain is being assessed in any way for risk. For example, having an accurate assessment of inventory is a given, but it is also critical to understand how restrictions on imports from China and affected countries will impact current inventory and regular shipping cadence.

Three supply chain lessons for businesses coping with COVID-19

CH Robinson Transportfolio

According to a paper published by the Global Supply Chain Institute at the University of Tennessee, only 25% of a typical company’s end-to-end supply chain is being assessed in any way for risk. For example, having an accurate assessment of inventory is a given, but it is also critical to understand how restrictions on imports from China and affected countries will impact current inventory and regular shipping cadence.

Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

There is a constant push to free up working capital by leaning down on the inventories. However, a 2014 report by University of Tennessee on managing risk in global supply chains points out that 90% of the firms surveyed do not quantify risk when outsourcing production! by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection.

31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

Cerasis

Obsolete and excess inventory carriage are more preventable. Ford returned another 1,800 jobs to Tennessee to make Cadillac SRXs and build engines. This is the first post in a two part series on our update on Reshoring. We first started writing about and featuring reshoring content back in September of 2013, and have since added 10 more reshoring related posts in our reshoring blog category.

Keep Your Cargo Out of Danger: Best Practices for Transportation Risk Management

CH Robinson Transportfolio

According to a paper published by the Global Supply Chain Institute at the University of Tennessee, only 25% of a typical company’s end-to-end supply chain is being assessed in any way for risk. As production recovers and factories reopen, many importers from China will need to consider expedited shipping services in order to restock inventory. Omnichannel business models often lead to more complicated global supply chains.

Gifts, Donations, and Operations Management

APICS

Like most businesses, food banks across the nation are realizing success from inventory management best practices, especially as they manage the increase in donations received from November through December. The Wall Street Journal reports how Second Harvest Food Bank of Middle Tennessee uses software to handle its supplies It’s the season of gift giving and charity.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Paul Dittmann , Executive Director of the Global Supply Chain Institute at the University of Tennessee Improving operational efficiency in the global supply chain is a complex undertaking, and requires a documented, multi-year strategy instead of knee jerk reactions, and programs of the month. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers.

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A Brief History of the Founding of the Supply Chain Resource Cooperative (SCRC)

NC State SCRC

And every project we do here, although they may all look at things like market intelligence, cost modeling, inventory analysis, business process analysis, or whatever is unique. A lot are more famous (Harvard, MIT, Tennessee). The following is a transcript of the speech I gave to individuals who attended our SCRC 20th Anniversary Event this past April 2019.

7 Pitfalls of Amazon FBA (Fulfillment By Amazon)!

Supply Chain Game Changer

While FBA sellers weren’t held directly liable for this failure, thousands of FBA sellers were severely impacted when Amazon enforced last minute changes to their inventory storage policy just before the holidays. Amazon FBA Inventory Woes. The inventory that’s on the shelves and logged into the system is the inventory your 3PL warehouse can pick, pack and ship to your customers. Mishandled inventory is one of the problems most commonly reported by Amazon FBA sellers.

Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

of Marketing & SCM, University of Tennessee, Knoxville Because the domestic motor carrier industry has few barriers to entry, capacity before the Great Recession generally exceeded demand with few exceptions. Ultimately this will protect them against stock outs, allow them to reduce their inventory, improve their ROIC, lower shipping costs, and streamline their transition to e-commerce.

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4 Reasons for the Supply Chain Talent Shortage

Elementum

A recent study by the University of Tennessee, Knoxville, revealed that 90 percent of CEOs believe they should be doing more to attract supply chain talent. Inventory was cheap—it wasn’t a consideration,” says Sheffi. As the true determiner of whether a business sinks or floats, supply chain needs a workforce composed of smart, talented people. But why is it so hard to attract the best of the best to a career in supply chain? “We’re

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Revenue: $69.217 billion (12 months ending May 31, 2020), $69.693 billion (2019) Headquarters: Memphis, Tennessee, USA CEO: Frederick W. They provide air and sea freight forwarding services, customs brokerage and warehouse inventory management services.

This Week in Logistics News (July 14-18, 2014)

Talking Logistics

UPS, meanwhile, announced that it has developed “a healthcare-compliant network of Field Stocking Locations (FSLs) to reduce delivery time of medical device shipments and enhance inventory visibility.” “Based on our experience in healthcare distribution and utilizing UPS’s industry-leading global FSL network, we have created a tailored inventory management and distribution solution to meet the unique needs of medical device manufacturers.”

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

When it is not in motion, it is classified as inventory. But this took time – we had to “defrag” our supply chain, and eventually I learned we had 59 days of inventory. A simple chart was used to depict inventory, with the size of the indicative of the amount of cash tied up in that inventory. If the inventory was more than 60 days old (turns of < 2.0), than the box was red; 30-60 days, yellow, and less than 30 days, green.

26 warehouse pros reveal the most important factors to consider when moving to an automated warehouse

6 River Systems

Rupy Sawhney is the Heath Fellow in Business and Engineering at the University of Tennessee, combining both fields through his knowledge of lean manufacturing, the optimization of production without a drop off in quality or worker health. Warehousing effectiveness depends upon the accuracy of the physical inventory in the warehouse with the respect to the inventory indicated in the computer system.

Disruptive Times Require Adaptive Supply Chains

Enterra Insights

The staff notes, “As a result of the expansion of its direct-to-consumer business, Nike is moving away from aggregating inventory in one central warehouse in Memphis, Tennessee, to putting product in facilities closer to the customer.” Few if any economic sectors have avoided digital disruption. New business models are constantly challenging more traditional ones and supply chains need to adapt to these changing conditions.

Your Next Pair of Gap Jeans May be Delivered with the Help of a High-Tech Robot

Supply Chain Nation

percent) as a trial customer in one of its Tennessee warehouses. percent) using robots to move warehouse inventory and track items on store shelves. toymaker, which was selling about 9 percent of its total inventory through Toys “R” Us stores, said third-quarter profit rose 3 percent and revenue 7 percent – above analysts’ estimates – even as the bankruptcy began to hurt operations.

Three Common Supply Chain Weaknesses And Strategies To Overcome Them

Bristlecone

In today’s global economy, supply chains include all the people, systems, vendors, suppliers and processes involved in designing, making, selling, inventorying, shipping and delivering a product. A report from the University of Tennessee found that 93% of companies surveyed had positions dedicated to risk, but supply chain risk was not included in their purview. Forbes, April 8, 2019. On their face, supply chains sound straightforward.

4 Reasons for the Supply Chain Talent Shortage

Elementum

A recent study by the University of Tennessee, Knoxville, revealed through surveys of companies that 90 percent of CEOs believe they should be doing more to attract supply chain talent. Inventory was cheap—it wasn’t a consideration,” said Sheffi. “We’re like Rodney Dangerfield—we don’t get no respect.” Professor Yossi Sheffi, a Professor of Supply Chain Management at MIT, chuckles when I ask him why there’s such a shortage in supply chain talent.

Insights from Kenco Customer Summit 2015

Talking Logistics

Kristi then discussed several emerging trends, including drones, 3D printing, augmented reality, and AGVs — all of which Kenco Innovation Labs is exploring in its dedicated simulation warehouse in Tennessee. PINC’s patented RTLS sensor platform captures locations of assets and inventory, and can provide up-to-the-minute information that would allow Kenco to customize and segment yard operations based on customer needs and business rules.”.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year. Foot Locker @footlocker Foot Locker makes it easy for customers to shop the way they want to shop by improving inventory visibility.

The Impact New Technologies Have on the Supply Chain

Supply Chain Nation

I’d like to bring your attention to the new whitepaper, “ New Supply Chain Technology Best Practices: The Application of New Technology in the Physical Supply Chain ,” released by the University of Tennessee, Knoxville. Walmart, for example, used a drone to verify inventory in one of its large distribution centers (DCs).

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Your Next Pair of Gap Jeans May be Delivered with the Help of a High-Tech Robot

Supply Chain Nation

percent) as a trial customer in one of its Tennessee warehouses. percent) using robots to move warehouse inventory and track items on store shelves. toymaker, which was selling about 9 percent of its total inventory through Toys “R” Us stores, said third-quarter profit rose 3 percent and revenue 7 percent – above analysts’ estimates – even as the bankruptcy began to hurt operations.

How to Become a Better Exporter in 6 Steps

EMERGE App

In the state of Tennessee, for example, a complicated tiered tax rate is applied to all goods up to the value of $3,200. Likewise, a web-based order, purchase and inventory management solution enables your staff to work together across different store, office and warehouse locations. The post How to Become a Better Exporter in 6 Steps appeared first on Best Inventory Management Software for Small Businesses - EMERGE App. Introduction.

Ingram Selects RELEX Solutions for Distribution Center Forecasting and Replenishment

RELEX Solutions

With a continuously growing catalog of products, Ingram requires an inventory management system that can support its future growth path. In addition to managing inventory more efficiently, it will also automate aspects of the inventory management function, enabling associates to focus on high-value tasks. We’re excited to help them continue to automate and further improve their lifecycle and inventory management in a notoriously hard-to-forecast industry.”. Read PDF.

25 supply chain experts reveal the best tactics to optimize a supply chain

6 River Systems

He loves University of Tennessee football and thinks his black lab Reagan is the best dog. “There are two tactics for optimizing your supply chain…” Supply chain is about having the right amount of inventory. Cost of carrying inventory in business calculations should be the true cost including: Scrap costs. The tracking of these assets is handled through ERP and financial systems, inventory management platforms and RFID technologies.