Inventory Obsolescence: It Can Get Complicated

ToolsGroup

The knack in today’s innovation economy is to understand how the value of a particular SKU deteriorates or its costs increase so that profit erosion can be factored into inventory optimization calculations. But correctly modeling inventory obsolescence is important.

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. Inventory Tracking Technology Leverages Internal and External Real-Time Data.

What is Supply Chain Compliance and Why is it Important?

AB&R

Texas. 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?

Three Lies and a Truth

Supply Chain Shaman

Here is the list: Supply chain technology implementations have reduced inventory. Here they are: The Lie of Inventory Reduction. Repeatedly, I heard that supply chain applications have saved costs, reduced inventory and improved customer service.

Combating the Digital Supply Chain Talent Gap

Supply Chain Nation

For the past eight years, I have been delivering lectures on supply chain management at the University of Texas at Dallas. Recently I had the opportunity to deliver a lecture on digital supply chains to my students at the University of Texas at Dallas.

Halloween Candy – A Scary Supply Chain Planning Problem

Logility

When you boil it down, a product’s shelf life is very short and if you don’t sell it, that inventory will be discounted shrinking already razor thin margins. I admit, I love to eat Halloween candy as much as most grade school children (maybe more). My favorite: candy corn of course!

Peak Shipping Season: A Review of Trends from the 2018 Holiday Peak Season

Cerasis

Meanwhile, inventory levels rose 3.6 For instance, a Walmart in Texas had printed “Discounts may apply,” on boxes picked up in-store in Lubbock, Texas for online purchases.

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Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable. In Lubbock, Texas, reports The Dallas Morning News , Amazon recently opened a pickup and drop-off location for purchases and returns, taking advantage of Texas Tech University’s proximity to the area, enabling greater distribution of goods to college students.

Kinaxis on the road: 12th American Supply Chain & Logistics Summit

Kinaxis

Join Benji Green , Director of Global Sales, Operations, Supply and Inventory Planning at Avaya for the Kinaxis supply chain optimization workshop on December 9th. Dallas, Texas. by Melissa Clow.

The Avnet Tech Games IX Welcomes The Inaugural JDA Supply Chain Challenge

Supply Chain Nation

The contest was more than just a technical exercise; it also tested each team’s supply chain skills as they related to forecasting, inventory management, pricing, capacity planning and other real-world materials management challenges. Uncategorized capacity forecasting inventory pricing

Hurricane Harvey - Effects, Forecasts, and Operational Best Practices

Elementum

10 refineries close as Harvey drenches Texas energy hub. Rail freight networks operated by Kansas City Southern and Union Pacific in Texas, USA were heavily disrupted due to Hurricane Harvey, according to reports on Friday, August 25th.

Reflections on the LIVING Supply Chain SCRC Meeting

NC State SCRC

Go work in a warehouse in Odessa Texas (which is how I got started), and see how that asset is operating in the real world! Big Data Emerging Issues in Supply Chain Innovation in the Supply Chain Internet of Things Inventory Management LIVING Supply Chain MBA Supply Chain Supply chain analytics Supply Chain Management Supply chain Relationships Supply Chain StudentsThe SCRC meeting was a huge success yesterday.

With LTL Fuel Surcharges on the Rise, What Are the Expectations and Projections of Higher Fuel Costs on LTL Shipping?

Cerasis

In other words, they will increase per-barrel pricing to create a cushion for future economic change, but as businesses continue to operate with more inventory and protections in place, says Freight Waves, the risk of sudden spikes in fuel surcharges in the only climb.

How Supply Chain Will be Affected by Hurricane Harvey

Material Handling & Logistics

Hurricane Harvey has struck a significant blow to the Houston, Texas metro area, home to the sixth largest import terminal in the world, as well as all of the shipping lanes in the Gulf Coast area. Production, new orders, and inventories of input materials comprised the second group.

Amazon's Whole Foods Takeover: One Year Later

Elementum

This isn’t the first time Amazon has tried providing food deliveries — but with Whole Foods’ built-in fresh food inventory system, they could finally provide a truly disruptive service to consumers. So what measures has the company taken to uplift the grocer’s inventory strategy?

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Top 14 Logistics and Supply Chain Management Training Programs and Courses in 2016

Cerasis

3) OnCampus Texas. This program is developed by University of North Texas and it offers international students to complete one year course related to logistics. From these lessons you will learn to plan supply chains that enhance inventory network benefit, build and amplify production network coordination and joint effort, identify dangers and configuration hazard relief systems, explore production, purchasing, and distribution methodologies for a worldwide environment.

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The Answer Isn’t More Truck Drivers – It’s More Information

Talking Logistics

Jason earned his Bachelor’s degree in Operations Management and his MBA in Supply Chain/Logistics from the University of North Texas in Denton, TX. The Trump Administration’s new infrastructure plan is making for a booming construction industry.

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World's Most Important Chemical Made Rare Commodity by Harvey

Material Handling & Logistics

Texas alone produces nearly three-quarters of the country’s supply of one of the most basic chemical building blocks. Texas alone produces nearly three-quarters of the country’s supply of one of the most basic chemical building blocks.

Taking Risks that Pay Off

JDA software

The company decided to move to Texas and I did not want to move. I trained everyone on all the software, including some elements related to inventory and how it was planned for each store.

Poems about Supply Chain Management Software

Kinaxis

Addressing an issue, Your inventory is messed! With your inventory flow, How goes your plan? There once was a planner from Texas. There once was an Inventory Manager with much excess, Knew this wouldn’t help her company’s success.

How the IoT Platform Fixes Problems in Today’s Logistics Industry

Cerasis

However, the IoT platform is currently responsible for reaching an unprecedented 99.5-percent inventory accuracy, a 30-percent reduction in labor costs, and a 30-percent reduction in the time of order processing asserts Supply Chain 24/7.

31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

Cerasis

Obsolete and excess inventory carriage are more preventable. Caterpillar also returned about 1,900 jobs to Texas and Georgia to build construction equipment. This is the first post in a two part series on our update on Reshoring.

Harvey’s Impact on the Global Supply Chain: The Role of Analytics

NC State SCRC

Houston is a center for plastic resin due to the string of refineries in Texas and Louisiana, and the kind of commodities that are impacted include all plastic parts manufactured in the US.

Announcing Enterra Solutions 2nd Annual Cognitive Computing Summit

Enterra Insights

By combining advances in computational intelligence, natural language processing and semantic reasoning, a number of leading companies are already realizing these returns along the value chain in the form of hyper-personalized consumer insights, to sales and marketing strategies and optimized supply chain planning and inventory optimization. Elaine Rich , Author, Distinguished Senior Lecturer (Retired) The University of Texas at Austin: Automata, Computability, and Complexity.

Compelling Use Cases for Drones in Today’s Supply Chain

Techgistics

Congested roads are not just a mega-city problem; according to a report from the Texas Transportation Institute, Americans spent 6.9 Although the U.S.

New Year’s Resolution #1 for Supply Chain Planners: Improve Performance Measurement

Demand Solutions

I’m not sure I’ve ever talked to a Demand Solutions customer who wasn’t at least tracking their inventory levels, overstocks, stockouts, and so forth. When an item is out of stock in their Massachusetts warehouse, they’ll overnight it from their Texas warehouse just to make sure they fill the order. And don’t forget to measure inventory turnover using the simple equation of turnover = annual sales / average inventory.

3 Supply Chain Services That Are Worth Outsourcing

AFFLINK

On average, surveyed businesses reported 11 percent reductions in logistics costs as a result of outsourcing, while inventory costs decreased by 6 percent and logistic fixed assets by 23 percent.

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E2open’s Supply Chain Workflows to Power Billions of Connected Mobile Devices

E2open

AUSTIN, Texas, November 15, 2018 – E2open, the one place in the cloud to run your supply chain, today released its quarterly technology updates bringing customers significant enhancements to mobile experience, user experience, and performance. Users can include or exclude the key constraints of lot sizes, target inventory, and firm supply to/from the calculation, ultimately calculating the Latest Feasible Date.

This Week in Logistics News (March 23-27, 2015)

Talking Logistics

With my son’s travel baseball team scheduled to begin its season next weekend, the coaches are employing some field maintenance tools you don’t normally see at a baseball field: For all of you who play baseball in California, Texas, and Florida, you have it so easy my friends.

Putting the WoW! Into Service Supply Chain

Supply Chain Opz

In the past, supply chain professionals are trained to handle the service issues through a planning of inventory , service level and after-sales operations. Vendors can access the Zappos''s inventory level online and may ask buyers to buy more or suggest style changes.

Five Trends That Excite Me!

Supply Chain Shaman

” In the state of Texas they have an expression I think is fitting for the Elementum solution: It is, “Big hat, but no cattle.” Holiday travel. Packed airports and the children screaming in unison.

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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. Foot Locker @footlocker Foot Locker makes it easy for customers to shop the way they want to shop by improving inventory visibility.

E2open to Acquire INTTRA, Adding the World’s Leading Ocean Shipping Network and Software Provider, Creating an Integrated Global Supply Chain and Logistics Operating Network

E2open

AUSTIN, Texas, October 22, 2018 – E2open, the one place in the cloud to run your supply chain, today announced the acquisition of INTTRA, the leading ocean shipping network, software and information provider. The shipper, beneficial cargo owner, freight forwarder and logistics service provider communities derive value from a larger combined network and new end-to-end solutions that improve operational efficiency, reduce inventories and deliver efficient logistics operations.

This Week in Logistics News (September 29 – October 3, 2014)

Talking Logistics

Moving on to omnichannel fulfillment, Manhattan Associates introduced Available to Commerce™ , which gives retailers “the power to offer specific units of inventory available for sale in the most appropriate channel (online, store, same-day delivery, etc.)

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. University of North Texas. This way, companies can see how their new supplier performs without committing to their entire inventory.

MonarchFx Announces ToyHouse LLC as its Newest Seller Client

Supply Chain Network

Initial operations for supporting ToyHouse LLC operations nationally are already gearing up in MonarchFx’s Dallas, Texas location with first outbound shipments commencing in December 2018. RALEIGH, N.C. PRWEB) November 19, 2018.

Visibility Powered Planning

Supply Chain Nation

I recently had the honour of presenting at the annual CSCMP (Council of Supply Chain Management Professionals) conference in San Antonio, Texas. Supply chain visibility traditionally concerns inventory and supply disruptions.