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Organizations need to push past pretty PowerPoint presentations to improve results, but in the industry, there are few good answers to the question of “ What drives sustaining value?” However, SAP supply chain planning is an excellent system of record. Slick Willies, full of hyperbole, dominate. ” This is my quest.
At the session, we discussed why companies have not made more progress on inventory management. The presentation is on slideshare.) In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession. There are many.
Choosing the right inventory management software , often referred to as an inventory control system, can be the difference between a well-oiled, profit-generating operation and one plagued by costly mistakes and inefficiencies. Modern inventory management solutions have evolved far beyond basic stock counting.
This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory? I want to believe.
So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. There is valuable time and effort put in by both the supplier and the purchasing party.
import volumes still climbing (see Figure 1), limited processing capacity at key West Coast ports and the International Longshore and Warehouse Union (ILWU) contract expiring next summer, importers will be scrambling to maintain the inventory they need to support the demand increase.
Excess and obsolete inventory. When you don’t make what you sell and don’t sell what you make you create inventory. A well-executed sales and operations planning process can transform a company; allowing them to better control inventory and costs while meeting rapidly changing demand pictures. How about excellent planning?
When I finished my presentation on “past practices,” that I cannot call “best practices,” and outlined the methodology for the upcoming Supply Chain Index, a woman who had listened intently in the audience told me that I had thrown “cold water” on the audience. .” Companies are feeling pain.
How do they buy from you? How do they buy from you?” Spinnaker Management Group asked me to co-present on a demand-driven webinar with SanDisk. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies.
We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”
Allyson Hatfield, demand planner at MARS Petcare presented. In our research, we find that 72% of planners primarily depend on Excel and desktop analysis despite the rollout of advanced platforms for planning in 92% of manufacturers with greater than 5B$ in revenue. Allyson’s presentation was just that.
With the purchase of i2 by JDA, and Logictools by IBM, manufacturing companies serious about network design started looking for a company, with a well-established community, that was more serious about network design. It could no longer be just about inventory levels. Instead, the design needed to be more encompassing.
As I shopped at Best Buy for office supplies, I struggled to not think about the massive disruption of electronics supply chain. I find three: organizational design, executive understanding of supply chain, and the lack of a clear definition of an optimization function for supply chain excellence. Clarity of Supply Chain Excellence.
Even though things seem to be going well (all of the meeting details are well-executed and the speaker is giving an energized presentation), the room is eerily quiet. By purchasing planning and transactional systems for a common vendor, they had one throat to choke and they were familiar with the architectural elements.
My schedule had me on a plane to Chicago at the time of the presentation. We rescheduled my flight and I quickly put together some slides for the presentation. (To I had successfully adapted to give a presentation on agility to 254 people. Much to my chagrin, I rubbed my eyes and checked my calendar. Defining Agility.
Or agreement on the definition of supply chain excellence. As a result, functional excellence anchors action. The focus is on digitization—automating today’s processes—versus rethinking process excellence based on the art of the possible. In this case, the metrics are operating margin and inventory turns.
<Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. They center on how to make a good decision in the purchase of supply chain planning solutions. Most have purchased software, but are dependent on Excel spreadsheets.
Many of the case studies being presented at today’s conferences were born during the pandemic and the post-pandemic turbulence. The audience assumes that the presenting company is outperforming. Watching the presentations, I wonder how we became so laser-focused on such a limited view of risk.
I struggled to manage myself as I settled in elbow-to-elbow with the group to listen to the presentation. When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. During the presentation, I squirmed uncomfortably in my seat. The reason? Is this leadership?
Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. This team is not buying the message. As I cleared my throat, and pushed my toes deep into my shoes, I bounded up the stairs to start the presentation. It was a large multinational company. I was wrong.
The secondary problem is the lack of definition of process requirements and a buying team that cannot see past simple MRP/MRP II/DDMRP requirements. This year, the program included presentations from Dollar General, Sleep Number, and Western Digital. Visual Artist Representation of the First Day of the Program.
Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #6 Not effectively managing inventory. One example that I’ve seen several times is around inventory targets. The result is a lower inventory level, but much higher expedited costs and reduced customer service. There can be multiple reasons.
So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. There is valuable time and effort put in by both the supplier and the purchasing party.
There is a very clear & present danger that exists on the revenue line and this can quickly become an expense problem if not managed appropriately. The focus for all fashion retailers is inventory. Below we will examine inventory + a new retail outlook for 2020. The number one priority is inventory for cash….
The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.
Gartner purchased the firm in 2010.) Driving Improvements in Supply Chain Excellence. He felt strongly that supply chain leaders knew how to drive supply chain excellence and needed a forum– or maybe two or three depending on the business model– to help them network and refine their approaches. I disagreed.
IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Inventory optimization: Coupled with demand forecasting, predictive analytics enables warehouses and DCs to optimize inventory levels.
The focus is on the platform; in each presentation, the company struggles to answer the question, “What problem do you solve? At the event, presentation after presentation focused on improving engines. Focus on improving operating margin, inventory turns, and revenue/employee simultaneously. in inventory value.
That includes the importance of robust inventory management to retail. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky. What is Omnichannel Inventory Management? Clear data visibility.
For example, if your Supply Chain work has reduced inventory turns or resulted in savings, you want to make sure your resume spells that out loud and clear. If you’re an inventory planner, how many SKUs did you manage? It is the quickest and simplest way to help an employer buy into you and answer the common interview question ‘so….
The discussions are full of vacuous presentations and over-hyped promises. Or mine supplier shifts to build alternate buying plans. Sadly, I don’t feel that we are standing on the shoulders of giants. My concern is the growing knowledge gap between consultants, system integrators, and business leaders. Test and Learn.
I suggested a POC as a way to “try before you buy” and mitigate the risks of choosing a supply chain planning solution that doesn’t fit your organization or live up to its marketing materials. For example, let’s say excess inventory is an issue, but you want to ensure whatever solution you choose doesn’t impact your service levels.
To drive global scale, companies need to design the supply chain to buy globally and execute locally. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. Inventory Turns. Not many companies have cracked this code.
At the end of every presentation, one of my clients always says, “Let’s fix the basics.” Foundational to supply chain excellence is the reliability of delivery, quality, and service. The Sleep Number Story of Supply Chain Excellence. Defining the Customer Experience Through Supply Chain Excellence.
The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The focus is on channel data: price; inventory positions; and policies. Customer-Centric Supply Chain Processes. The Building Blocks.
Over time, I’ve been fortunate to work in groups where both men and women were well represented, and I’ve had excellent leaders who championed my career by giving me the freedom to chart my own path. The truth is women have long been underrepresented in supply chain leadership. Q&A with three inspiring women in supply chain.
This warehouse runs at a perfect optimum with fixed capital in the form of inventory balanced perfectly with sales and purchasing, and all the items perfectly distributed to the various storage areas of the warehouse. Operational excellence systems for the best use of the human resource.
Yesterday, I presented to 700 global attendees on an APICS webinar. In the presentation, I shared data on the evolution of supply chain planning and the results on user satisfaction. Buying these solutions is far more complicated than is represented in a simple four-box quadrant. The results confound me. Let me share the story.
Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. The distributor maintains the inventory plan. What is Reverse Marketing?
The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. The focus is on the role of supply chain finance in driving supply chain excellence. The design of the conference includes tours of several modern warehouses and centers of excellence. Time horizon. The Role of the Budget in S&OP.
Users are accustomed to building everything in Excel and manipulating the data as needed for their own particular use, typically using static reports or spreadsheets that are siloed in specific departmental needs. A key first step is to have buy-in at the highest level of the organization. Starting at the Top. Other Suggestions.
Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Thorough analysis allows procurement professionals to surface, visualize, and presentpurchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?
If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on. Multi-party shipments are more prone to delays in pick-ups at hand-off points.
Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. Our journey for supply chain excellence has changed and evolved over time.
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