ToolsGroup

OCTOBER 6, 2021

Optimization is peak efficiency, using the perfect balance of inventory and resources to service customer demand without incurring any unnecessary costs or waste. For one part of the system to contribute effectively to the overall goal, other parts must ‘ease up’. Optimizing is meaningless without an inventory optimization objective.

Optimization Software 266

Optimization Software Supply Chain Planning Software Supply Chain Optimization Scenario Planning 266

Supply Chain Shaman

JANUARY 8, 2024

No company in either the household non-durable (consumer goods) or the food manufacturing group beat their peer group on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) for 2013-2022. My reply to my friend is that “The supply chain is a complex non-linear system.

Supply Chain Design Software 243

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 243

GlobalTranz

MARCH 17, 2022

The manufacturing industry faces many challenges, such as a skilled labor shortage, supply chain instability, and inventory management issues. GlobalTranz works with manufacturing shippers every day to move their goods and streamline their logistics strategies. 5 Challenges Facing Supply Chain Managers in Manufacturing.

Logistics Network Optimization Software 247

Logistics Network Optimization Software Supply Chain Planning Software Inventory Management Software Inventory Reduction 247

ToolsGroup

SEPTEMBER 30, 2024

This sector is driven by several factors, including the ageing vehicle population, the rise of e-commerce platforms , and technological advancements in vehicle manufacturing. This shift has led to a growing need for agile inventory management and quick delivery systems.

Manufacturing Procurement 156

Manufacturing Procurement Optimization Software Supply Chain Planning Software ToolsGroup 156

DELMIA Quintiq

MAY 5, 2020

Upheavals in one country can heavily impact manufacturers worldwide, too. Manufacturers realized that they had no backup plans for the production of components critical to their operations. A well-managed manufacturer-supplier relationship will result in better quality and service, reduced risks and lower costs.

Network Optimization 266

Network Optimization Supply Chain Network Software Scenario Planning Manufacturing 266

Logistics Viewpoints

AUGUST 9, 2022

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

Inventory Management Software 246

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 246

Supply Chain Shaman

JULY 19, 2020

The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics. They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. Change metrics systems.

Supply Chain Design Software 415

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 415

ToolsGroup

OCTOBER 14, 2024

In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Organizations require robust inventory management systems capable of handling diverse parts throughout their lifecycle.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

Supply Chain Shaman

MARCH 21, 2024

During the 1980s, I was on a management team for a large manufacturer. The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team.

Inventory Reduction 403

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 403

Supply Chain Shaman

APRIL 9, 2021

of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Sadly, most of it is the wrong inventory. Despite spending 1.1%

Supply Chain Planning Software 360

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 360

Logistics Viewpoints

JULY 17, 2023

Better systems at customs agencies can lead to increases in cycle times for companies that are not on top of the complex documentation requirements associated with trade. provides enterprise resource planning and other business applications for manufacturers. The post The Digital Supply Chain Needs to Include Trade Compliance Systems!

Supply Chain Planning Software 209

Supply Chain Planning Software Optimization Software Supply Chain Strategy Supply Chain Software 209

Supply Chain Shaman

APRIL 15, 2020

This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Figure 1 shows a market-by-market planning model by a sinus drug manufacturer. This type of planning needs to be deployed by all consumer manufacturers.

Supply Chain Planning Software 440

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 440

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. The first story is about a large regional food manufacturer.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Logistics Viewpoints

FEBRUARY 9, 2023

One of the first things people ask when investigating voice picking and other mobile applications for their DC is “how will the new applications work with my existing systems?” Contrary to what you may have heard from some in the industry, legacy systems are not an impediment to installing new mobile work applications.

Optimization Software 185

Optimization Software Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 185

Supply Chain Shaman

APRIL 27, 2022

The supply chain is a complex non-linear system. At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP.

Procurement Analytics 339

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 339

Supply Chain Shaman

JULY 31, 2024

How should a global manufacturer make a decision? In short, the research tells me that the manufacturing industries are stuck. Teaching an organization how to use a planning system to drive value takes 3-4X longer than the technology implementation. In contrast, for a global manufacturer, the answer is more complex.

Supply Chain Planning Software 323

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 323

DELMIA Quintiq

SEPTEMBER 14, 2023

Medical Device manufacturers face an increasingly dynamic and intricate landscape. Innovative personalized manufacturing approaches have emerged, yet many organizations struggle to fully realize their potential in this rapidly evolving race.

Optimal Sourcing 156

Optimal Sourcing Manufacturing Procurement Material Savings Optimization Software 156

Logistics Viewpoints

OCTOBER 17, 2022

Robust supply plans can optimize across distribution, manufacturing, and logistics constraints and deliver an optimal plan that hits service objectives at the minimum cost. In general, to optimize across distribution, manufacturing, and logistics in an execution time frame, companies need to stitch together several solutions.

Supply Chain Planning Software 306

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Optimization 306

ToolsGroup

JULY 19, 2023

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. Let’s take a look at the challenges associated with digital twins and how real-time data systems are changing the game for companies looking to leverage them. Few of these systems talk to each other.

Real-time Visibility 295

Real-time Visibility Supply Chain Planning Software Modeling Scenario Planning 295

Supply Chain Shaman

NOVEMBER 21, 2023

In our discussion, we attempted to characterize and separate his performance from system issues. I worked three layers down in the organization for a well-established leader in manufacturing named Dan. Dan had a very manufacturing view and Fred focused on logistics. Sometimes, this is a tough discussion. I was a pawn.

Supply Chain Planning Software 339

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 339

Logistics Viewpoints

NOVEMBER 27, 2024

In the rapidly evolving world of global supply chains, interoperability—the ability of systems, devices, and organizations to work together seamlessly—has become a critical factor for operational efficiency. Logistics systems must ensure that information about shipments flows correctly between suppliers, distributors, and retailers. •

Modeling Software 272

Modeling Software Supply Chain Planning Software Modeling Supply Chain Design Software 272

DELMIA Quintiq

JULY 27, 2023

Breaking it down task by task Most of you have heard of the term MOM for Manufacturing Operations Management. More often, it’s used in combination with MES (Manufacturing Execution Systems). What is a Manufacturing Execution System? Let’s get into this. I’ll start by examining the differences between the two.

Real-time Visibility 296

Real-time Visibility Optimization Software Supply Chain Network Software Logistics Network Optimization Software 296

Supply Chain Shaman

FEBRUARY 1, 2024

Rolling up a perpetual inventory signal takes eleven hours. Through the use of a NoSQL unified data model, the company is able to now move data within 15-minute increments improving the data flow for inventory availability to improve allocation and ATP processing. Contract Manufacturing Signal Latency. On average, it takes 2.8

Supply Chain Planning Software 342

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 342

Supply Chain Shaman

DECEMBER 30, 2021

There is no good system for visibility. Few planning systems update delivery based on actual dwell times; and despite the abundance of Internet of Things (IOT) data, there is no place to put streaming data signals into traditional planning systems. Get Good at Inventory Management. Be A Good Shipper.

Supply Chain Design Software 438

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 438

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. For instance, Chuck by 6 River Systems is a collaborative robot that leverages AI and ML to prioritize work and optimize picking routes in real-time.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Supply Chain Shaman

JUNE 3, 2024

Most companies invested in enterprise transactional systems, but their networks operate primarily through spreadsheets and email. similarly, over 95% of manufacturers invested and implemented supply chain planning, but their primary tool today is Excel. ” Does the Dog Hunt? What is a better answer? Makes sense.

Supply Chain Planning Software 343

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 343

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. False Belief in Current Systems. The reason?

Supply and Demand 385

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 385

ToolsGroup

JUNE 17, 2021

Distribution industry supply chains have always been squeezed between manufacturers and their customers; facing increased competitive threats, escalating SKU counts, and expanding ecommerce. Demand modeling systems look at the specific factors driving demand at a granular and daily level for individual SKU-Locations.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

Supply Chain Shaman

JUNE 9, 2023

Few companies design their supply chains (research data shows that 9% of companies actively design their supply chains), and few planning systems actively analyze and drive answers to the questions: Do I have a good plan? In the Global Supply Chain, there are More Constraints To Address Than Just Manufacturing. Is the plan feasible?

Optimal Sourcing 306

Optimal Sourcing Supply Chain Planning Software Supply and Demand Manufacturing Procurement 306

Logistics Viewpoints

JANUARY 22, 2024

The UFLPA prohibits goods mined, produced, or manufactured wholly or in part in Xinjiang from entering the U.S. But electronics; industrial and manufactured; and apparel, footwear, and textiles make up the bulk of products detained. An omnichannel order management system helps companies meet growing customer expectations.

Supply Chain Optimization 272

Supply Chain Optimization Modeling Supply Chain Software Optimization Software 272

Supply Chain Shaman

JUNE 30, 2023

As a result, demand planning is largely manual, inventory management is a series of manual inputs, and production planning is via spreadsheet. The focus by Anne, the CIO, is on the deployment of an outdated ERP system purchased five years ago. Anne is a lean disciple and sees all inventory as Muda.

Supply Chain Planning Software 323

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 323

ToolsGroup

APRIL 17, 2024

Many brands are integrating AI into their customer relationship management (CRM) systems and enhancing customer experiences through multilingual content, optimized order management and continuous data refinement. Intelligent Systems : Harnessing AI for robot programming and embracing 3D technology to optimize manufacturing processes.

Supply Chain Design Software 294

Supply Chain Design Software Waste Reduction Supply Chain Planning Software Inventory Reduction 294

ToolsGroup

SEPTEMBER 13, 2023

The key lies in high performance inventory. Forward-looking supply chain professionals understand that inventory is not an end in itself; it’s a means – to enhanced customer service, increased profitability, and greater efficiency. What is High Performance Inventory?

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

Logistics Viewpoints

OCTOBER 17, 2024

Or they may have expertise in manufacturing processes and have flexible capacity to allow contract manufacturing for new product introduction. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. This dramatically improved financial accuracy and reduced revenue leakage.

Manufacturing Procurement 248

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 248

Logistics Viewpoints

FEBRUARY 20, 2023

For example, in contract logistics, the 3PL makes use of a warehouse management system so that they can do the job efficiently. For managed transportation services, a best of breed transportation management system is at the heart of the service. This model comes from a partnership between GEP and Eliant Inventory Solutions.

Supply Chain Planning Software 248

Supply Chain Planning Software Logistics Network Optimization Software GEP Supply Chain Software 248

Supply Chain Shaman

APRIL 30, 2020

The global economy rebound from COVID-19 hinges on the discovery and manufacture of an effective vaccine. However, supply chain leaders well understand that drug discovery, manufacturing, and distribution are all necessary to deliver the vaccine to a willing arm. Rethink Manufacturing. The difference? Why does this matter?

Supply Chain Design Software 355

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Software 355

Logistics Viewpoints

JULY 10, 2024

Supply chain resilience refers to planning for things that could go wrong and then creating inventory buffers or contingency plans. SCP solutions provide a solid ROI based on hitting targeted service levels with less raw material, work-in-process, or finished goods inventory. Supply planning engines “optimize” the schedule.

Supply Chain Planning Software 271

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 271