Unleashed

OCTOBER 4, 2021

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. Samsung’s inventory management strategy Samsung is one of the world’s largest manufacturers, meaning managing their inventory is an enormous and complex task.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

SCMDOJO

JULY 26, 2023

Negotiation, a crucial skill in the realms of business and procurement, demands the ability to remain calm, collected, and confident even in the most challenging situations. These films were chosen to inspire and educate both aspiring negotiators and seasoned procurement managers.

Negotiating Skills 91

Negotiating Skills Purchasing Training Buyer Training Manufacturing Procurement 91

Logistics Viewpoints

APRIL 29, 2021

Any company shipping physical products today – whether to consumers or to other businesses – needs to meet higher service expectations, including faster order turnaround in the DC. In addition to large distribution orders, many retail and business-to-business facilities are shipping rising volumes of direct-to-consumer orders.

Optimal Sourcing 150

Optimal Sourcing Optimization Software Supply Chain Design Software Supply Chain Planning Software 150

GlobalTranz

FEBRUARY 17, 2016

Carrying slow-moving inventory or shipping damaged/incorrect product hurts customer relationships. Purchasing can place the order and negotiate prices; Production Planning can release these items based on the latest Material Requirements Planning (MRP) report. Source: [link]. Product quality is essential to retain customers.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Supply Chain Shaman

OCTOBER 7, 2012

For mature supply chain organizations, it is a natural extension of six sigma. In the supply chain, variability and volatility come from many sources. The best way to start the design of an agile supply chain is to look at the sources of variability and market volatility that your supply chain encountered in the prior year.

Supply Chain Design Software 226

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 226

Unleashed

MARCH 15, 2019

Having poor and inaccurate inventory control can be costly because it causes issues such as unplanned stock-outs, the shipping of wrong products to customers, wasted resources trying to locate misplaced items and inventory shrinkage. Inventory control strategies. Get tracing. Improving traceability is a major step in reducing waste.

Inventory Reduction 69

Inventory Reduction Inventory Waste Reduction Optimal Sourcing 69

Supply Chain Opz

JUNE 1, 2014

Manufacturing systems and regulatory compliance are considered to be very complex, coupled with the limited number suppliers due to the high barriers to entry. Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Supply Chain Action Blog

FEBRUARY 18, 2021

When different functions of the business such as sales and manufacturing do not have harmonized goals, then inventory efficiency will suffer. The capability of warehousing to know what is exactly where and pick, pack and ship it in a timely and efficient way. Any other approach implies the intentional loss of revenue.

Inventory Management Software 40

Inventory Management Software Inventory Management Inventory Reduction Inventory 40

SCMDOJO

AUGUST 4, 2023

Try thinking of it this way, if you plan to make big profits, you would need to invest and diversify your portfolio into several sources to improve your chance of success. This reduces the chances of lost sales and the associated costs of rush orders or expedited shipping. But when should you consider reducing inventory?

Inventory Reduction 90

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 90

Arena Solutions

NOVEMBER 4, 2022

Angenette has more than 24 years of experience in quality assurance, quality control, Lean Six Sigma, and supply chain. How do you ship material, get it across, and then once you’re in the U.S., And what that often means is finding a second source, finding other options, another alternative. And from a risk perspective.

Quality 52

Quality Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 52

SCMDOJO

JUNE 14, 2023

For instance, a company can define and execute an order processing pipeline with Orchestration, which automates an order’s creation, tracking, and shipping. This eliminates manual tasks like creating shipping labels, making order processing more efficient and cost-effective. Select the right 3PL provider.

3PL 77

3PL Supply Chain Design Software Prescriptive Analytics Software Inventory Management Software 77

6 River Systems

JUNE 26, 2020

“They have multi-sourced key commodities or strategic components to reduce their reliance on any one supplier, and they had considered inventory strategy to buffer against supply chain disruption.” Also, globalization presents another hydra-headed challenge for your procurement network.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 98

NC State SCRC

SEPTEMBER 14, 2016

Jeff Townley, former Chief Procurement Officer at Nortel Networks, provided some fantastic insights in my MBA class this evening. At the time – it was all in Taiwan, and over time it was moved more to manufacturing locations in China. They put everything on stop ship – would ship nothing. What good would that do us?

Supply Chain Network Software 40

Supply Chain Network Software Negotiating Skills Supply Chain Design Software Six Sigma 40

Supply Chain Shaman

NOVEMBER 14, 2016

Today the Company’s core businesses are cordless phones, contract manufacturing services and children learning products. The North American operation is the top manufacturer in the US cordless market. It took us three years to right the ship. I do not think that most companies understand the concept or source of profit leakage.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 150

ThroughPut

MAY 23, 2019

The Automotive Industry is being disrupted on all sides and is upending the traditional models of vehicle manufacturing that have evolved over the past 120 years to dominate the world. Even Ford CEO Jim Hackett talks about auto manufacturers’ decades of proprietary consumer, vehicle and test data as a market differentiator.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Automotive 40

CH Robinson Transportfolio

MAY 5, 2015

Understanding the temperature of a package throughout transit provides significant value to customers seeking six sigma quality logistical processes, like food distributors and drug manufacturers. This new standard has strong implications for businesses seeking to navigate their respective landscapes and stay ahead of the curve.

Internet of things 34

Internet of things Predictive Analytics Analytics Software Analytics 34

Supply Chain Network

NOVEMBER 23, 2013

In addition to procuring and supporting hardware, software and cloud services for the company, Hinkle will also be managing and negotiating all licensing and handle the company’s inventory of hard and digital assets, including ensuring the viability of enterprise disaster recovery plans and capabilities.

Modeling Software 74

Modeling Software Supply Chain Network Software Logistics Network Optimization Software System 74

6 River Systems

FEBRUARY 22, 2019

It’s also very efficient, meaning it will allow your employees to process more orders on a hourly basis with virtually impossible odds of shipping the incorrect products to your customers. By anticipating customer needs, we are able to effectively purchase and warehouse what is needed. The top operators work at a 99.9%

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

Talking Logistics

JUNE 6, 2017

Factors like global trade and a customization trend in manufacturing have altered the “straight shot” supply chain forever. While civil unrest could slow down production or shipments in a foreign country, natural disasters can accomplish just as much shipping disruption in North America.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Design Optimal Sourcing Supply Chain Optimization 170