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It was held at the University of Michigan in Ann Arbor. On Wednesday, the theatre at the Michigan League was bursting at the seams to hold over 500 attendees. It could no longer be just about inventory levels. This analysis needed to be completed monthly and fed to newer forms of inventory optimization technologies.
Recently I had the opportunity to go to Llamasoft headquarters in Ann Arbor, Michigan to play the game they have programmed for Supply Chain Insights around supply chain strategies and inside-out versus outside-in processes, SCI IMPACT! For the high cost materials, we were more careful with our inventory levels. Results Example.
a Traverse City, Michigan based innovator of supply chain network design software. This annual award honors IT companies that support and enable logistics excellence. million and purchased Starboard Solutions Corp., Company and Technology. a supply chain network optimization solution for approximately $6.5
As a young assistant professor at Michigan State University in 1992, I was part of a group called the Global Procurement Benchmarking Initiative. To drive centralized buying I had to dive down into the Bill of Materials and do a cross-tab.
The businessman’s news source of choice, global export and import volumes (as well as buying trendings) are key to informing supply chain professionals. Joe provides the basics about nearly every component of logistics, making it an excellent introduction to the field for a newbie or a brushup for someone who’s been around for a while.
As a young assistant professor at Michigan State University, I was part of a group called the Global Procurement Benchmarking Initiative, led by Professor Robert Monczka. They combined related functions such as purchasing, inventory control, receiving, and stores under the authority of one individual.
Mar-Bal’s teams can access their DELMIAworks manufacturing ERP system anywhere from their mobile phones, tablets, or laptops to see which jobs are running, determine the inventory stock Mar-Bal has on hand, or check on order status and completion progress within seconds. A good example is Mar-Bal Inc., Managing Shifts in Demand.
Traverse City, Michigan based provider Starboard provides an innovative and interactive digital twin of a physical supply chain network leveraging gaming technology to allow users to explore what-if supply chain and business scenarios. The Logility team apparently shared in that perception and initiated conversations with Starboard.
The modern warehouse is complex, and management must balance a number of factors including software, automation, training and processes such as receiving, picking and inventory management. If half of the orders you get come from 10% of the products you have in the inventory, put these items nearest the entrance of the picking area.
Importantly, flexible supply chains cut costs and improve cash flow, in part through a 10% to 40% increase in inventory turns. ’ Examples of such bad behavior include sales representatives inflating their forecasts to ensure adequate supply, or operations maintaining extra inventory to account for low forecast accuracy.
In the 1990s, purchasing managers were focusing on how to beat up their suppliers in order to buy cheaper. Years ago, I knew that information sharing and the whole supplier-purchaser relationship is one of the most important things in supply chain (I talked about it in Introduction to Supply Chain Management in 1999).
Boston startup raises $10M for retail software that predicts inventory needs (Boston Business Journal). million, aims to work with freight companies by year-end to test trucks without human occupants on highways in states such as Michigan, Nevada or Florida. Self-Driving-Truck Startups Race to Take On Uber (WSJ – sub.
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