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. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

SCMDOJO

FEBRUARY 19, 2024

– Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.). Figure-c: Evolution of Lean Six Sigma (source: Snee, R.D. 2007) According to Abramowich (2008) leading Six Sigma companies no longer just talk about quality or cost reduction. Hoerl, R.W.,

Six Sigma 98

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Herlitz Inventory Management

JULY 7, 2021

Growing up with a father who developed inventory management software for a living spawned some interesting conversations around the dinner table. source: tradingeconomics.com. It hasn’t been lost here at Herlitz Inventory Management! source: thebalance.com. appeared first on Herlitz Inventory Management.

Pricing Training 52

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Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. New Study Shows a Rise in US Company Inventories. Source: Commerce Dept. Source: SupplyChainDigest.

Sourcing Strategies 60

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Supply Chain Shaman

MARCH 28, 2016

In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. In our recent analysis of supply chains that are “working well” , we find higher performance when companies have source, make and deliver reporting to the supply chain organization. Inventory Turns.

Pharmaceutical 195

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Intelligent Audit

MARCH 17, 2022

recorded in 2008 by the EIA. If weekly increases are jumping at the rate of the Gulf Coast region, it would only take two weeks to surpass the 2008 record. Leverage Domestic Inventory Before Ordering More Overseas. As of March 14th, jet fuel pricing is still $0.77 from the highest national average of $4.01

Price Reduction 98

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Adexa

SEPTEMBER 22, 2020

However, we have many other events including recent tariffs and trade wars, economic downturn of 2008, and tsunami in Japan. A good design that considers diversification, multi-sourcing, supplier participation and regional susceptibilities is the best way to prevent undesired outcomes. Your resiliency depends on many factors.

Supply Chain Design Software 66

Supply Chain Design Software Pharmaceutical Supply Chain Design Supply Chain Planning Software 66

Kinaxis

APRIL 28, 2017

The 2008 downturn hit suppliers extremely hard, putting some out of business. Components sourced in one region are being consumed by demands in other regions. If you’re building products customers don’t want, you have money tied up in inventory and marketing programs, and have to work harder to try to move vehicles.

Capacity 200

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SCMDOJO

MARCH 28, 2023

The use of complex technologies in managing inventory, transportation, trade, and other supply chain activities has been evolving for ages. Initially introduced by Nakamoto in 2008 in his publication on Bitcoin, blockchain technology refers to a decentralized peer-to-peer network that runs behind Bitcoin transactions. Vermeire, P.

Supply Chain Design Software 116

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Vinculum

AUGUST 30, 2022

Such a process helps manage accounts, inventory, supply chain, project management, operations, and other relatable processes to run the business significantly. Odoo acts as an open-Source ERP system software to appropriately provide tools to every business. The following solution that Epicor uses is based on distribution. Sage Group.

Malaysia 52

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Logistics Viewpoints

JULY 9, 2021

Prime Minister Yoshihide Suga said it was essential to prevent Tokyo, where the highly infectious Delta COVID-19 variant was spreading, from becoming the source of another wave of infections. Restaurants, bars find suppliers’ inventories are running dry. As a result, the Olympics will take place without spectators.

Logistics Network Optimization Software 183

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Resilinc

JANUARY 18, 2022

Toyota’s competitive edge in supply chains was developed over a decade as it focused more on risk management and security of supply and less on efficiency and minimizing inventory costs. As reported in a recent Resilinc blog , supply chains for EV batteries and electric motors are also challenged by ethical sourcing concerns.

Supply Chain Visibility 62

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Resilinc

JANUARY 17, 2022

Toyota’s competitive edge in supply chains was developed over a decade as it focused more on risk management and security of supply and less on efficiency and minimizing inventory costs. As reported in a recent Resilinc blog , supply chains for EV batteries and electric motors are also challenged by ethical sourcing concerns.

Inventory Reduction 62

Inventory Reduction Sourcing Strategies Price Reduction Cost Reduction Strategies 62

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. Recession indicators: Factory slow-down.

Agile and Lean Supply Chain 81

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

Supply Chain Opz

JANUARY 29, 2020

Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics. Books We Recommend - Purchasing Book - Six Sigma Books - Operations Management Book - Inventory Control Book - Lean Books - International Business Book Last review and update: January 30, 2020 & Tang, C.

Agile and Lean Supply Chain 100

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Logistics Viewpoints

FEBRUARY 25, 2022

Given low inventories and dwindling spare capacity, the oil market cannot afford large supply disruptions,” said UBS analyst Giovanni Staunovo in a Reuters article. In terms of trade, these are not critical, single-sourced Tier 1 inputs needed in manufacturing. More than 190,000 firms in the U.S.

Price Reduction 228

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BlueYonder

APRIL 13, 2020

The housing bubble pop and the subsequent recession in 2008/2009 caused a demand-side slowdown that was novel for most folks, but retail spending only slowed by about 10% and unemployment topped out around 8.5%. There will be a leaning towards carrying more inventory at multiple nodes in the supply chain for at least the next year.

Agile and Lean Supply Chain 68

Agile and Lean Supply Chain Supply and Demand Retail Supply Chain Planning 68

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

Logistics Network Optimization Software Procurement Analytics Report Inventory Reduction 52

NC State SCRC

MARCH 16, 2023

This discovery does not necessarily lead to immediate recognition for procurement’s authority over sourcing decisions. This discovery does not necessarily lead to immediate recognition for procurement’s authority over sourcing decisions. This is in large measure due to the 2008 banking crisis.

Supply Chain Design Software 52

Supply Chain Design Software Analysis Supply Chain Planning Software Supply Chain Software 52

RFgen

JUNE 16, 2016

Melotte previously served as the Chief Logistics Officer for Johnson & Johnson, and all involved hope that he continues to update their supply chain management since their major overhaul in 2008. Gibbons worked to revolutionize inventory management within the company. Gibbons’ goal was to reduce costs and improve efficiency.

Supply Chain Planning 52

Supply Chain Planning Supply Chain Optimization Optimal Sourcing South Carolina 52

RFgen

JUNE 16, 2016

Melotte previously served as the Chief Logistics Officer for Johnson & Johnson, and all involved hope that he continues to update their supply chain management since their major overhaul in 2008. Gibbons worked to revolutionize inventory management within the company. Gibbons’ goal was to reduce costs and improve efficiency.

Supply Chain Planning 52

Supply Chain Planning Supply Chain Optimization Optimal Sourcing South Carolina 52

Supply Chain Insights

JUNE 30, 2017

Beginning with the 2008 “New Ways of Doing Business” initiative between Oracle, Wegman’s and Smucker’s, I was fortunate to be a member of the design and development team that created a DSR to accommodate the rich findings from that project. I have had some deep involvement with the development of DSR solutions.

Supply Chain Planning Software 110

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Predictive Analytics Software 110

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

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Enterra Insights

MAY 6, 2020

This year’s fall in output would be far more severe than the last recession, when the world economy contracted by less than 1 percent between 2008 and 2009.” Challenge 1: Customers Cancel Orders and Finished Goods Inventory Builds Up. Challenge 3: Raw Inventory Builds Up as Material Keeps Arriving.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Material Savings Supply Chain Planning Software Supply Chain Strategy 100

Enterra Insights

MARCH 18, 2021

In 2020,” Katsov explains, “managers of supply chains and inventories had to work through numerous shocks related to lockdowns, reopenings, shifts in consumer behavior and economic downturns. These developments have elevated the role of omnichannel inventory management and introduced additional challenges and complexities.”

Prescriptive Analytics Software 130

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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

Intelligent Audit

OCTOBER 27, 2022

In 2008, Dr. Raymond Panko published a paper detailing examples of human error in data entry. According to analysts at McKinsey , “Most of the data generated in a supply chain falls outside the scope of just one enterprise or entity,” a dynamic that makes it hard to know if you’re dealing with good or bad data or even the original source.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Jaggaer

JANUARY 28, 2019

Research on supply chain following the 2008 economic recession found that supply chain executives took several major steps to deal with the decline, each of which is particularly relevant as we enter 2019. During the 2008 market recession, many companies suffered because they failed to reduce capacity as demand plummeted.

Manufacturing Procurement 40

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Procurement 40

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. Supply chains that rely on a single source are now more likely to experience disruptions. Rushing the Launch of New Systems and Protocols.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Optimization Manufacturing Procurement Supply Chain Strategy 74

Unleashed

APRIL 1, 2020

This coronavirus-induced downturn is unlike the 2008 recession, where the economy was active but the credit markets were frozen, as Vox’s editor-at-large Ezra Klein points out. Review existing inventory management systems. Review existing inventory management systems. Focus on inventory management. Invest in technology.

Material Savings 106

Material Savings Inventory Reduction Inventory Management Software Supply Chain Planning Software 106

Supply Chain Shaman

NOVEMBER 29, 2015

Hadoop is an open-source software framework written in Java for distributed storage and processing of large data sets on computer clusters. While the rest of the world was deep in a recession in 2008, and manufacturers were struggling with payroll decisions and layoffs, Hadoop innovation was in full swing.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 0

Arkieva

APRIL 1, 2016

If I look at retailers it is still common to have private label suppliers stuffed with inventory, central or regional DC’s stuffed with inventory and shops stuffed with inventories. I was lucky to pursue a Phd in multi-echelon inventory optimization. We all demand high service levels from one step to the next.

Supply Chain Planning Software 60

Supply Chain Planning Software Purchasing Skills Supply Chain Optimization Modeling 60

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. Today, China based EV automakers and suppliers have notable cost advantages in materials sourcing, production and labor costs.

Negotiating Skills 59

Negotiating Skills Cost Reduction Strategies Expense Reduction Inventory Reduction 59

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

Talking Logistics

NOVEMBER 3, 2014

Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014. Inventory (inventory management policies and practices, optimizing inventory flow). Suppliers (supplier management and supplier quality issues). Forecasting. Technology. E-Commerce.

Innovation 174

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Global Trade Management

MAY 16, 2014

By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high. With low transportation costs, it often makes sense to pool inventory in fewer locations so you can optimize space, labor and inventory pooling. ► 2008. (7).

Optimal Sourcing 40

Optimal Sourcing Cargo Supply Chain Optimization Optimization Software 40

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