Supply Chain Matters

JANUARY 6, 2023

Since our inception in 2008, The Ferrari Consulting and Research Group has annually published a series of supply chain management focused predictions. Overall inventory levels among retailers and online channels remains at high levels and continuing to fill warehouses. Background. Opportunity and Renewed Focus.

Predictive Analytics Software 98

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 98

Supply Chain Opz

MAY 25, 2013

Frankel et al 2008 indicated that " supply chain " and "supply chain management" first recognized in the 1980s. Here at resupply points, inventory was stored for up to 8 days. Moreover, Supply Chain is not the result of Marketing/Production Planning/Operations Management interface as stated by Mentzer et al 2008.

Supply Chain Planning 248

Supply Chain Planning Supply Chain Strategy Military Supply Chain 248

Supply Chain Shaman

FEBRUARY 18, 2013

Pharmaceutical companies are struggling with falling margins and rising inventories. In our work with pharmaceutical companies, most executives wince when we mention inventories. However, most do not realize that the Days of Inventory for the industry has grown 33%. It is rising inventory levels. What Can We Do?

Pharmaceutical 170

Pharmaceutical Supply Chain Network Software Eliminating Excel in Purchasing Procurement Analytics 170

ToolsGroup

APRIL 1, 2022

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Resilinc

FEBRUARY 22, 2021

A common challenge for procurement and supply chain professionals is obtaining support from C-level leaders to invest in a robust supply chain risk management (SCRM) program. The business case should include recommendations for compensation incentives. Perceived high costs and conflicting objectives.

Supply Chain Risk Management 62

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Supply Chain Matters

OCTOBER 5, 2022

Separately, the United Nations Conference on Trade and Development (UNCTAD) warned this week that the world is on the brink of recession and that a global slowdown could potentially inflict more damage than the finance crisis in 2008 and the Covid-19 shock of 2020.

Price Reduction 52

Price Reduction Inventory Reduction Global Forecasting 52

Unleashed

APRIL 20, 2020

The last global recession was in 2008, leading some economists to believe the next one is overdue. The inventory to sales ratio, also known as inventory turnover , measures the amount of inventory in your store compared to the number of sales you’re fulfilling. Introduce digital procurement technology.

Agile and Lean Supply Chain 81

Agile and Lean Supply Chain Supply Chain Planning Software Manufacturing Procurement Supply Chain Planning 81

Supply Chain Matters

JUNE 21, 2022

Since the inception of this blog in 2008, Supply Chain Matters has provided perspectives and takeaway thoughts from each annual report. GDP level, and a level not seen since 2008. Our perspectives stem from an outside-in end-to-end business process, management and cost adsorption lens vs. that reflected by logistics industry media.

Logistics Network Optimization Software 52

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Supply Chain View from the Field

OCTOBER 14, 2015

The conference was a great opportunity to interact with logistics and procurement executives in an environment of open dialogue and discussion. All of a sudden, everyone is “knocking on the door” of procurement and logistics, asking for cost improvements.

Material Savings 60

Material Savings Cost Reduction Strategies Conference Price Reduction 60

AFFLINK

FEBRUARY 15, 2017

The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. Rewards such as cost savings, time to market and inventory turnaround also contribute towards short-term goals.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Optimization Manufacturing Procurement Supply Chain Strategy 74

Arkieva

APRIL 7, 2016

Ensure continued alignment by sharing inventory turns as a KPI. Figure 1 shows it for inventory and service. The idea is that more service, typically comes with a higher inventory (or lower turns). They increase the service but require a higher inventory. It will lower cost but increase inventory or decrease turns, cfr.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization Supply Chain Strategy 60

6 River Systems

JUNE 10, 2019

Cut inventory costs Be it a brick and mortar store or an online business, inventory is always present and it costs money. To avoid skyrocketing inventory expenditure, you need to keep accurate inventory count. To avoid skyrocketing inventory expenditure, you need to keep accurate inventory count.

Sourcing Strategies 88

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 88

Infosys Supply Chain Management

FEBRUARY 2, 2014

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Traditionally supply chain model for e-retailers has been to stock inventory at downstream i.e. Distribution Centers (DC). To have centralized inventory visibility. · No centralized inventory visibility.

Supply Chain Planning Software 36

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Infosys Supply Chain Management

APRIL 2, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. One of the biggest time consuming and mundane activities in warehouse management is the pick up of inventory and the appropriate shelving of inventory. Business Process Outsourcing. Customer Service.

Sourcing Strategies 29

Sourcing Strategies Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 29

NC State SCRC

OCTOBER 12, 2016

Stuart William was in one of my former MBA classes at NC State in 2008, and graduated into one of the worst economies ever in May of 2009. In 2013 we had $8M of raw material inventory – due to poor purchasing, poor safety stock decisions, and a lot of WIP in the system. in inventory, and well over double the sales volume.

Supply Chain Planning Software 40

Supply Chain Planning Software Purchasing Skills Negotiating Skills Supply Chain Software 40

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. ” The UGLY – “Nortel went to Chapter 11 in 2008. When they declared chapter 11 – they left Flex with $400M of inventory. They weren’t doing anything that others weren’t also doing.

Supply Chain Network Software 40

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

Infosys Supply Chain Management

JANUARY 13, 2014

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Todays WMS is a tightly integrated code between the intrinsic WMS functions like receiving, put away, inventory, picking, packing and shipping, which are the primary functionalities. Procurement Blog. Categories.

Supply Chain Planning Software 29

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Infosys Supply Chain Management

FEBRUARY 8, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Let us take an initiative such as Inventory Optimization as an example. But what has been lost is an opportunity to look at inventory optimization through the lens of revenue generation and cost optimization.

Optimal Sourcing 34

Optimal Sourcing Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Optimization 34

AFFLINK

MAY 26, 2016

According to the CDC, from 2008 to 2014, hospitals that adopted HAI prevention guidelines saw a 50% decrease in bloodstream infections associated with central lines, a 17% decrease in surgical site infections, an 8% decrease in c. And it starts with strategic procurement. The good news is that most of these infections are preventable.

Vendor Strategies 54

Vendor Strategies Inventory Reduction Cost Reduction Strategies Procurement 54

Supply Chain Matters

SEPTEMBER 23, 2023

As expected, with the existence of this industry’s just-in-time inventory replenishment planning, the implications of the work stoppages are cascading across individual automaker’s supply networks. The three automakers have initiated worker layoffs involving thousands across dependent facilities because of final assembly plant stoppages.

Negotiating Skills 59

Negotiating Skills Cost Reduction Strategies Expense Reduction Inventory Reduction 59

Requis

JULY 14, 2020

Steeped in the investment world since 2008, Brian decided very early on to focus on supply chain and operations investment. After graduation in 2008 I joined Jeff Citron at KEC Ventures (noted for stock trading platform Island ECN and Vonage; Jeff is also known for Datek Online). That stayed with me. Data and analytics.

Supply Chain Software 126

Supply Chain Software Supply Chain Strategy Pharmaceutical Supply Chain Optimization 126

Infosys Supply Chain Management

SEPTEMBER 22, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. This results in excessive response times, costs and inventory due to forecast inaccuracy. On the other hand manufacturers get plagued by obsolescence and inventory costs impacting margins. Customer Service.

Supply Chain Planning Software 27

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Infosys Supply Chain Management

JANUARY 11, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. It is the best practice to be followed since it reduces inventory, saves space and energy. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38). December 2008. November 2008.

Agile and Lean Supply Chain 37

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Infosys Supply Chain Management

MARCH 20, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. o Consolidate inventory for fulfillment i.e. use of a single pool of inventory to promise and fulfill orders across multiple ordering channels. Procurement Blog. December 2008. November 2008.

Manufacturing Procurement 24

Manufacturing Procurement Purchasing Skills Price Reduction Procurement Solutions 24

Infosys Supply Chain Management

NOVEMBER 1, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. The state of product demand planning and inventory management among retailers becoming more advanced. Business Process Outsourcing. Customer Service. Finance & Accounting. Human Resources. Product Categories.

Eliminating Excel in Purchasing 30

Eliminating Excel in Purchasing Supply Chain Planning Software Agile and Lean Supply Chain Supply and Demand 30

Infosys Supply Chain Management

DECEMBER 18, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. On the one hand, Wal-Mart was able to mitigate the availability of certain excess inventory through real-time promotions on Facebook. Business Process Outsourcing. Customer Service. Finance & Accounting.

Eliminating Excel in Purchasing 26

Eliminating Excel in Purchasing Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 26

Supply Chain Matters

OCTOBER 20, 2023

The industry’s news cycle has pointed to increasing inventories of unsold EV ’s at dealer lots. The second factor is that true to the company’s core Silicon Valley high tech culture of striving to shatter existing industry norms and practices, the company produced its first vehicle in 2008, nearly 15 years ago.

Price Reduction 52

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 52

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). As a B2B company, procurement management is essential. Meet Ernest.

Supply Chain Software 34

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 34

Infosys Supply Chain Management

MARCH 27, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Inventory management will take on new dimensions for optimizing both physical store and online fulfillment requirements with multi-tier optimization an essential component. Procurement Blog. Customer Service.

Supply Chain Planning Software 29

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Strategy 29

Infosys Supply Chain Management

AUGUST 29, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. The habit of constantly monitoring real time manufacturing process through iPad and take real time decisions can drastically lead to waste reduction and optimal inventory. Procurement Blog. Customer Service.

Supply Chain Planning Software 22

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Infosys Supply Chain Management

DECEMBER 29, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. During the release process, if sufficient inventory is not available, order used to get backordered. Preorders are taken into the system without checking inventory. Business Process Outsourcing. Customer Service.

Optimal Sourcing 24

Optimal Sourcing Manufacturing Procurement Inventory Reduction Supply Chain Planning Software 24

Infosys Supply Chain Management

DECEMBER 29, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. While Best Buys snafu may ultimately turn out to be the most visible, it was not the only retailer or online commerce provider that experienced inventory fulfillment snafus. Business Process Outsourcing. Banking Suite.

Manufacturing Procurement 29

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 29

Infosys Supply Chain Management

MAY 9, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. As a result, organizations end up either under stocked (that leads to lost customers) or overstocked (leading to unwanted inventory carrying costs). Procurement Blog. December 2008. November 2008.

Supply Chain Planning Software 29

Supply Chain Planning Software Real-time Visibility Supply Chain Software Agile and Lean Supply Chain 29

Infosys Supply Chain Management

DECEMBER 31, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Thus, many retailers, both brick and mortar and online focused, had to dynamically link available inventory with in-store, online and channel related promotional initiatives. Business Process Outsourcing. Banking Suite.

Supply Chain Planning Software 24

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 24

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). As a B2B company, procurement management is essential. Meet Ernest.

Supply Chain Software 30

Supply Chain Software Case Study Supply Chain Planning Software Supply Chain Design Software 30

GlobalTranz

DECEMBER 7, 2015

Instead of setting up brick-and-mortar stores, or keeping inventory on hand, you can start offering this new product on your new store. Manufacturers will be able to improve their inventory due to the information presented by both supply chain and operations data. The number of robot installations had never increased so heavily before.

Manufacturing Procurement 120

Manufacturing Procurement Analytics Software Trends Supply Chain Design Software 120

Infosys Supply Chain Management

SEPTEMBER 17, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Based on AMR Research, a 6% forecast improvement in MAPE could improve the perfect order compliance by 10% and deliver a 10-15% reduction in inventory. Procurement Blog. December 2008. November 2008.

Supply and Demand 30

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 30