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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.
Last week, at Supply Chain Insights , as part of our monthly webinar series, I hosted a panel discussion on the current state of the healthcare value network. Hosting this webinar series is one of the favorite parts of my job as the Founder of Supply Chain Insights. It is rising inventory levels. For most, it is a sore point.
As Raheel Hussain, Director of the Supply Chain Center of Excellence at Reynolds Consumer Products notes during a recent webinar , a level of synchronization is critical to systemically share information and cut down the constant offline back-and-forth (conversations) between different functions.
As I picked it up , I saw a twitter alert welcoming people to the APICS webinar with @lcecere on Agility that afternoon. As we went live with the webinar, I laughed. In this blog post, I publically answer the questions from the webinar. I had gotten to bed late. It was 6:00 AM. This was before my wake-up call. Defining Agility.
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.
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.
Lora Cecere, founder of Supply Chain Insights, noted in a recent webinar that a common outcome of these failed implementations is that supply chain organizations end up in “Excel ghettos where lots of people are touching data but not improving it.”.
Bonuses and incentives align with functions and are often counter productive to driving supply chain excellence. Today, over 90% of companies have deployed ERP and APS, but as shown in Table 1, inventory levels have grown not decreased in over 80% of industries studied. Days of Inventory by Industry Across Years.
By purchasing planning and transactional systems for a common vendor, they had one throat to choke and they were familiar with the architectural elements. It is tough for me to see that nine out of ten companies are stuck, and not making progress, at the intersection of operating margin and inventory turns. The book is a story.
The implementations were longer, the purchase costs were higher, and the functionality was less robust and lacking flexibility. The SAP team has built an incredible system of record to enable flows from ERP to SCP, but has failed to deliver a solution to deliver SCP planning excellence. I did not see it.
This team is not buying the message. So much so, that three years ago, I founded a research company to focus on understanding supply chain excellence. I also believed that this company would have the best inventory and customer service. My favorites are customer service, operating margin, inventory turns, and ROIC.
Yesterday, I presented to 700 global attendees on an APICS webinar. However, in the polling data in the APICS webinar, we found that over 70% of the respondents had deployed solutions from the ERP-expansionists (either SAP or Oracle). Buying these solutions is far more complicated than is represented in a simple four-box quadrant.
A poll during one of our recent webinars on AI-first supply chain planning showed that 76% of surveyed companies were in the educational stage of adopting Generative AI in supply chain. Explore more from our experts about trends, predictions in any of our upcoming webinars, or get in touch here.
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.
Today’s shopper prefers to buy online and get products delivered at the best possible time and place, resulting in key shifts in the supply chain. A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management.
Due to travel restrictions, I cannot attend many industry events, so I observe from home, watching webinars and remote broadcasts. We find that the companies with the most marked improvement in a balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) are smaller and less well-known.
We are lucky to also feature the great supply chain of Staples, who recently purchased Office Depot. Supply Chain Management Academic Program Gets Hands on Experience from Staples’ Supply Chain Excellence. Douglas Meredith Professor of Teaching Excellence and associate professor of supply chain. We hope you enjoy!
However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 million employees without a focus on good supply chain management.
You may opt to organize your business into an independent third-party logistics provider (3PL), or you may want to purchase software for tracking, monitoring, and processing all of your needs. However, you must factor in the cost of purchasing an ERP system and compare it to the cost of purchasing an individual TMS , or SCM system.
Today’s shopper prefers to buy online and get products delivered at the best possible time and place, resulting in key shifts in the supply chain. A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management.
The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI. When I was Materials Manager at Maricopa County, Arizona, the second largest county in the country, I introduced Vendor Managed Inventory. I called Fastenal, who specializes in Vendor Managed Inventory (VMI) for fasteners, in to see what we can do together.
From targeted email campaigns to inventory management integrations, we’ll outline how you can develop strong B2B CRM strategies to improve business performance and achieve predictable growth. Looking for a complete CRM + inventory management solution? That’s where a quality CRM system comes in. What is a B2B CRM?
As supply chain experts we continue to write about, provide webinars, present at conferences, and assist numerous client companies to progress towards the Demand-Driven Supply Chain model. Defining the value propositions for why customers will buy a product is critical to the business strategy.
In order to create awareness about your products, you have to hire a public relations firm to promote your products, attend numerous trade shows and conferences, create many webinars so you can identify potential customers and approach them. What if you provide subpar customer service and customers run away?
The following are the insights gained from my discussion with Salim Shaikh , who leads Blue Yonder’s Automotive Industry Strategy, during a recent Blue Yonder Live and webinars that we prepared for jointly. If the organization is used to doing certain things in Excel, just automating the same process will not be sufficient.
Webinar On Demand. Webcast – “Supply Chain Control Towers: Separating Fact from Fiction” With the overwhelming complications faced by today’s supply chain managers, companies are searching for the best solutions to combat complexity and create supply chain excellence with the consumer-driven approach. Consumer Products. Our Thinking.
Now more than ever — at a time when people are choosing online over in-store to adhere to social distancing practices — the communicated speed at which consumers will receive their orders can play a deciding role in whether they choose to buy from your online store or a competitor’s. What is ecommerce logistics? Warehousing and storage.
So, many suppliers utilize outside logistics management to ensure customers remain fully satisfied and continue to repeat purchasing. Companies that integrate reverse logistics systems into their logistics systems distinguish themselves from competitors in: effective management of inventory availability and cost. customer satisfaction.
The following are the insights gained from my discussion with Salim Shaikh , who leads Blue Yonder’s Automotive Industry Strategy, and James Peck , VP of Supply Chain Execution Presales, during a recent Blue Yonder Live and from webinars and automotive events that we prepared for.
When a business, or other organization, purchases equipment, parts, or remanufactured equipment it is an investment. Operations Planning and Inventory Optimization Go Under the Microscope: Going hand-in-hand with SCRM, is looking at what aspects of the supply chain are optimal for cloud-based solutions. Increased velocity.
Consumers have come to expect companies to provide a wider variety of products, readily available for purchase and at the best price. Companies that produce cleaning supplies and disinfectants felt the strains of high demand, while others were left with excess inventory as markets for non-essential items plummeted. Scenario Planning.
Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.
Additionally, customers have more choices than ever, so a poor experience could result in their decisions to purchase from competitors. Now shippers need to manage localized inventory variety, location complexity, legal and regulatory concerns, longer distances and shorter distances, more modes, and tighter windows. DATE: June 24.
Breaking up with Excel: Digital Sales Planning Success with Concord Foods. Webinar: Register Now. A granular model can inform: When customers will make a purchase The different purchasing behaviors exhibited by markets in different locations The optimal price point to help maximize revenue. Download Webinar Recording.
Editor’s Note: This is our second post in a collaborative blog post series about mobility in manufacturing & logistics along with Catavolt, who helps manufacturing organizations drive operational excellence with mobile apps. ” The hyperconnected world is today’s reality.
Services Dr. Muddassir offer are as follows: Digital Transformation Inventory Optimization Analysis Advisory and Coaching for Supply Chain Software companies & Professionals Guide: Dr. Muddassir as the supply chain specialist has created 7 e-Books for the SCMDOJO Academy with his extensive knowledge and experience in the field.
Breaking up with Excel: Digital Sales Planning Success with Concord Foods. Webinar: Register Now. People : Consumers and key stakeholders increasingly expect the brands they buy and support to address sustainability issues. Download Webinar Recording. Supply chain sustainability benefits companies and consumers.
Or perhaps you already have a physical location but are having trouble keeping your inventory and orders in sync? The solution, then, is to link your order, inventory, and logistics to speed up inventory turnaround and coordinate your efforts. You must exercise extreme caution when choosing and purchasing a WMS.
Every single business should be able to democratize an excellent delivery experience and provide it to their customers. You can automate them, you can build excellence, and you can continue innovating every month or every quarter. FarEye: You can automate your process, build excellence, and continue innovating every month or quarter.
Additionally, customers have more choices than ever, so a poor experience could result in their decisions to purchase from competitors. Now shippers need to manage localized inventory variety, location complexity, legal and regulatory concerns, longer distances and shorter distances, more modes, and tighter windows. DATE: June 24.
Click on a link below to browse tips related to a topic of interest: Tips for optimizing your warehouse layout & organization Tips for optimizing your warehouse workflows & processes Warehouse inventory optimization tips Optimizing your warehouse with tools & technology Tips for optimizing your warehouse layout & organization 1.
We aren’t really leveraging the power of this data, especially when we’re trapped in world of manually reviewing requisitions, PO’s, and Excel spread sheets. The webinar provides some great insights into other aspects of how AI will radically change procurement activities in the not so distant future.
Powering the Digital Factory Future: Integrating an Increasingly Vast Set of Tools Reliably to Power Your Hardware Operation Full transcript below: Amy Bryson Hello and welcome to another SME Media webinar. And if we don’t have time to answer all the questions, any unanswered questions will be responded to after the webinar via email.
Achieving Decarbonization: How ProGlove Reduces Its Carbon Footprint With Arena + Yook Full transcript below: Amy Bryson Hello and welcome to another SME Media webinar. And if we don’t have time to answer all the questions, any unanswered questions will be responded to after the webinar via email. Let’s jump into the topic here.
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