ToolsGroup

JUNE 8, 2018

Gartner Research analyst Paul Lord has developed a thought-provoking approach (shown in the above diagram) for tailoring supply and inventory tactics to different inventory segments. Traditional ABC inventory models segment inventory into A, B and C categories based on annual consumption value.

Modeling 197

Modeling Optimal Sourcing Inventory Reduction Demand Planning Software 197

Logility

JULY 4, 2018

On a recent road trip to retrieve my daughter from college I drove past a handful for chemical manufacturing plants of various types. Viewing a chemical manufacturing plant from a distance everything seems so peaceful and static. The supply chain that supports these complex facilities are also in continuous motion.

Chemicals 113

Chemicals Supply Chain Planning Software Optimal Sourcing Supply Chain Optimization 113

Supply Chain Shaman

JULY 31, 2024

In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower. For additional insights check out our presentation at Informs.

Supply Chain Planning Software 382

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 382

Logility

JULY 5, 2018

On a recent road trip to retrieve my daughter from college I drove past a handful for chemical manufacturing plants of various types. Viewing a chemical manufacturing plant from a distance everything seems so peaceful and static. The supply chain that supports these complex facilities are also in continuous motion.

Chemicals 101

Chemicals Supply Chain Planning Software Optimal Sourcing Supply Chain Optimization 101

Talking Logistics

MAY 24, 2017

“Capacity assurance is critical,” said Jeff Baxter, Director of Supply Chain at Pilot Chemical Company in a recent episode of Talking Logistics. In particular, he discussed the use of a dedicated virtual fleet as a capacity assurance option, which they have set up and manage for Pilot Chemical.

Chemicals 33

Chemicals Capacity Company Third Party Logistics 33

The Logistics & Supply Chain Management Society

SEPTEMBER 25, 2020

The GCC chemical industry is second largest manufacturing industry in value add, after refining. 2017 Facts and Figures report by Gulf Petrochemicals and Chemicals Association (GPCA), the chemical industry accounts for 3.1 Following COVID-19 the global chemical supply chain market reported a severe decline in output.

Chemicals 113

Chemicals Saudi Arabia Cost Reduction Strategies Inventory Reduction 113

Supply Chain Shaman

NOVEMBER 29, 2021

Inventories are out of balance with demand and the rising need for write-offs. Chemical Sector Inventory Availability. The chemical inventory levels continue to decline. Full Warehouses. Rolling Electrical Outages in China. Expect this to grow worse in the winter.

Supply Chain Planning Software 284

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 284

Supply Chain Shaman

MAY 22, 2013

The research tries to establish “ who did supply chain best ” by looking at a weighted formula of Year-over-Year Growth, Return on Assets (ROA), and Inventory Turns for the Fortune 500 companies. Inventory Turns values are based on an average of quarterly reporting for the past year. Inventory Turns is only part of the story.

Gartner 257

Gartner Pharmaceutical Supply Chain Chemicals 257

Supply Chain Shaman

JUNE 7, 2018

When we study 600 public companies by peer group, at the intersection of inventory turns and operating margin, only 5% drive improvement. To make the argument, let’s look at industry orbit charts in aggregate for the period of 2006-2017 for the apparel and chemical companies. Chemical margins are following oil prices.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 235

Supply Chain Shaman

JULY 18, 2017

Last week, I spent time with large chemical companies engrossed in this discussion. Let’s take a look at the world of the chemical manufacturer. As shown in Figure 1, the company has been unable to maintain balance on the portfolio of cost and inventory. Acquisitions drove DOW Chemical’s wide swings.

Supply Chain Planning Software 206

Supply Chain Planning Software Chemicals Supply Chain Design Software Sourcing Strategies 206

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Much of the inventory on the ships at sea will miss the essential seasonal windows. Hazardous freight is the most likely to get “rolled” at the dock.

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 303

Logistics Viewpoints

JUNE 30, 2022

With our supply chains clogged and retail inventories piling up, we have a situation wherein the huge imbalances between demand and supply at the product mix level can have an adverse impact on product availability for B2B and B2C companies alike, especially as we start heading to the holiday season. Not really. in October 2021. A ratio of 1.5

Supply Chain Planning Software 297

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 297

Logility

JUNE 28, 2017

Process chemical manufacturers face complex supply chain challenges including dealing with hazardous and perishable ingredients whose characteristics (potency, color, composition, etc.) Chemical manufacturers faced with shrinking margins must put the right product in the right location at the right time. can vary from lot to lot.

Chemicals 100

Chemicals Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 100

Supply Chain Shaman

JUNE 29, 2022

I am the most worried about the chemical sector. In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. All value chains are dependent in some shape or form on the chemical industry. What can be done?

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

Supply Chain Shaman

NOVEMBER 29, 2021

Inventories are out of balance with demand and the rising need for write-offs. Chemical Sector Inventory Availability. The chemical inventory levels continue to decline. Full Warehouses. Rolling Electrical Outages in China. Expect this to grow worse in the winter.

Supply Chain Planning Software 273

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 273

RFgen

JANUARY 16, 2025

That’s where manufacturing inventory management software comes in. In this ultimate guide, we’ll break down everything you need to know about manufacturing inventory management software. Its your single source of truth for inventory, constantly updated and readily available.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Supply Chain Planning Software Optimization Software 52

Supply Chain Shaman

SEPTEMBER 9, 2013

Complexity has risen and progress on margin and inventory is stalled. Attending the conference, and making improvement in both inventory cycles and operating margin for two consecutive years, are Colgate, Dow Chemical, and General Mills. In table 1, we share these results. Today, many companies are stuck.

Conference 279

Conference Supply Chain Design Software Supply Chain Design Chemicals 279

Supply Chain Shaman

MAY 29, 2014

I just don’t think the comparison of very different industries in a spreadsheet based on growth, inventory values, and Return on Assets (ROA) is meaningful. Take the chemical industry. The reason is that as a chemical company, they must run assets, and the methodology penalizes companies with deep asset strategies.

Gartner 308

Gartner Inventory Reduction Supply Chain Planning Software Pharmaceutical 308

Supply Chain Shaman

JUNE 19, 2013

The chemical and consumer electronics industries have made the most progress. It comes in many flavors–increase in inventory, changes in sales policies, new product lines– all add to the complexity. The only industry that has made progress in inventory management is consumer electronics. Balance Remains an Issue.

Forecasting 273

Forecasting Supply Chain Planning Software Agile and Lean Supply Chain Forecasting Software 273

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. inventory turns. inventory turns. for inventory turns define best-in-class performance? Ask the group what is possible?

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Inventory. My takeaway?

Optimal Sourcing 242

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 242

Logistics Viewpoints

JULY 22, 2021

nodes), flows of the products between origin-destination pairs, and policies (inventory, replenishment, asset utilization etc) with no clear accountability on how the recommendations make their way into planning and execution. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks. He received his Ph.D.

S&OP 284

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 284

Logistics Viewpoints

APRIL 1, 2021

Collaborating with suppliers on demand forecasts, inventory, and capacity: Supply chain teams can make optimal projections of material and capacity needs by supplier. Through collaboration, supplier inventories can be closely monitored for any shortages and proactive interventions. This can in turn benefit Tier 2 suppliers and beyond.

Optimal Sourcing 270

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 270

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Excellence happens at the trade-off of margin (not cost), growth, inventory, and Return on Invested Capital.

Supply Chain Planning Software 370

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 370

Supply Chain Shaman

DECEMBER 10, 2014

If you ask companies if they would like better inventory and global supply chain visibility, you will get an overwhelming answer of, “Yes!” ” However, if you ask companies how they define and deliver global business visibility, you will get stares like, “Doesn’t everyone know what global visibility means?”

Supply Chain Network Software 281

Supply Chain Network Software Pharmaceutical Supply Chain Software Supply and Demand 281

Supply Chain Shaman

OCTOBER 5, 2021

Let’s Start With a Discussion on Inventory. When we look at table 1, we see burgeoning inventories in some industries and extreme shortages in others. We are not good at inventory management. Inventory Levels Over the Quarters of the Pandemic. Companies struggle to have the right inventories. The end result?

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Design Software Modeling Optimal Sourcing 277

Logistics Viewpoints

JANUARY 31, 2023

Thankfully, there are quite a few opportunities within the supply chain that can accomplish both objectives – such as optimizing transportation routes, streamlining inventories, and switching modes of transportation to more sustainable kinds. Instead organizations will prioritize sustainability improvements that will also yield cost savings.

Predictive Analytics Software 288

Predictive Analytics Software Supply Chain Software Supply Chain Optimization Agile and Lean Supply Chain 288

Logistics Viewpoints

JANUARY 13, 2022

Understanding and assessing the tradeoffs between the costs of labor, inventory, transportation, and carbon footprint while going through these pivots will be crucial. in chemical engineering from the University of Florida and his bachelor’s degree in chemical engineering from the Indian Institute of Technology at Madras.

Supply Chain Design Software 306

Supply Chain Design Software Predictive Analytics Software Supply Chain Planning Software Supply Chain Software 306

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Lack of Focus on Form & Function of Inventory and Designing Network Flows. As supply chains moved from regional to global, intransit and cycle inventories increased.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

AB&R

AUGUST 16, 2023

Better Chemical Inventory and Asset Management By AB&R Efficient Inventory and Asset Management for the Chemical Industry The chemical industry produces many innovative and crucial products for different industries and markets, but inventory and asset tracking processes within the chemical business are still very old-school.

Asset Management 52

Asset Management Chemicals Supply Chain Design Software Inventory Management Software 52

Supply Chain Shaman

NOVEMBER 29, 2021

Inventories are out of balance with demand and the rising need for write-offs. Chemical Sector Inventory Availability. The chemical inventory levels continue to decline. Full Warehouses. Rolling Electrical Outages in China. Expect this to grow worse in the winter.

Supply Chain Planning Software 195

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 195

Supply Chain Shaman

OCTOBER 25, 2013

A chemical company just should not be compared to a high-tech company using this methodology. We have found that nine out of ten organizations are stuck on their ability to make improvements on both operating margin and inventory turns in the same year. And, recently, Procter & Gamble is more focused on improving inventory turns.

Gartner 258

Gartner Supply Chain Strategy Supply Chain Software Supply Chain 258

Supply Chain Shaman

APRIL 30, 2020

The companies are just not good at managing inventories and orchestrating distribution strategies. The average demand latency for a grocery retailer is eighteen days, three weeks for consumer manufacturers, and six-to-nine months for chemical companies. Localize supply—design inventory strategies to include buffer strategies.

Supply Chain Design Software 362

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Software 362

Supply Chain Shaman

JULY 15, 2013

Today, companies lack systems to manage supply chains as a complex system and drive progress on the Supply Chain Effective Frontier (the balance between growth, profitability, costs and working capital and inventory cycles). As a result, companies make too much product, write-off and mark-down items, and fight slow-moving inventory.

Supply and Demand 253

Supply and Demand Vendor Strategies Inventory Reduction Price Reduction 253

Supply Chain Shaman

OCTOBER 25, 2013

Essentially, the team is removing the partitions between network design, sales and operations planning (S&OP), inventory optimization, fulfillment and transportation planning. As a result, the solution is solving inventory, transportation, and fulfillment in one model across strategic, tactical, operational, and executional horizons.

Supply Chain Planning Software 245

Supply Chain Planning Software Supply Chain Design Software Network Design Software Forecasting Software 245

Logistics Viewpoints

SEPTEMBER 6, 2024

million tons of chemical waste, and 3 million tons of packaging materials. This week provides a chance for fashion brands to engage with their clientele, but soon after, replicated pieces from the runways will appear on sites like Shein and Temu.

Supply Chain Planning Software 306

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software North Carolina 306