This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
” CFO of a major manufacturer. 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. Have the early adopters of inventory optimization seen a reduction in inventory on their balance sheets?”
However if your company needs to reduce manufacturing lead times, streamline inventories, boost efficiency, make the right promises to your customers, and all of this at the same time, you need to challenge this status quo. I want to be Lean – Lean manufacturing is not about software solutions”.
Our first webinar with Oliver Wight discussed common people, process and technology pitfalls that hinder IBP initiatives. Our second webinar delved deeper into the technology aspect, focusing on analytical capabilities and scenario modeling. Those that also leverage scenarios in IBP are even better prepared.”
manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. Strategic moves like bulk buying, closer supplier partnerships, and syncing procurement with supply chain planning can tighten inventory, cut waste, and free up cash. What Is Agile Procurement? For example, U.S.-based
Speaker: Andrew Kurpiel - AmerCareRoyal | Bill Benton - GAINS | Paul Benhamou - Benco Dental
Leading distributors and manufacturers are finding success in today's challenging environment by leveraging data and insights. By targeting inventory investments and regulating service expectations, their inventory optimization activities have improved performance. To accomplish this, you must evaluate and act on real-time data.
DELMIA Webinar on Battery Cell Manufacturing. Retailers must deliver on-time while monitoring inbound/outbound activities to reduce inventory and contain fulfilment costs. Manufacturing Operations Management. Process Engineering Community. Visit to see the community to see the video.
By using data to stock items with higher forecasted demand, they can reallocate cash that would normally be tied up in poorly performing inventory, avoid margin erosion from markdowns and dead stock, and increase overall on-shelf availability metrics. Engineer Profit.
Many manufacturers depend on impacted networks for their supplies and the strain on planning organizations is jeopardizing business continuity. What are some of the ways that manufacturers might improve their resilience, to address the crisis today and also to prepare for the recovery and the future?
She has spent her entire career in the retail industry, gaining expertise in merchandising, allocation, and inventory management. During this webinar, Tatham will share how the company drives its business, leveraging ToolsGroup’s powerful retail planning tools and capabilities.
Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst
The supply chain management techniques that dominated the last 30 years are no longer supporting consumer behavior or logistics and manufacturing capabilities. Forecasting techniques to manage inventory. So what’s working now? What should your plans for 2023 include? Procurement strategies in response to network delays and bottlenecks.
By fostering collaboration across all stakeholders, including suppliers, manufacturers, and logistics providers, companies can enhance visibility, streamline processes, and proactively address disruptions. Make to Order: Here, products are manufactured based on specific customer orders.
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.
With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. In short, they help users make better decisions, much faster, resulting in improved financial performance, inventory efficiency, and customer satisfaction. Get the insights you need.
Our recent webinar offered a glimpse of our findings and shared 3 specific areas teams can work on to keep their supply chain out of firefighting mode. Namely, manufacturing, food, and healthcare. We put together a survey with our partners at Districon to better understand these challenges and offer ideas for improvement.
Unlike the early days of Ford however, automobile manufacturers now operate their businesses on a global scale, from incumbent to startup. And it all starts with the supply chain, and the daunting need to transform, minimize inventory and maximize cash flow to drive profitability.
I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. I was moving from the world of manufacturing to a new world of software. The technology world moves at a quicker pace than the world of manufacturing and distribution.
Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. In our monthly webinar last Wednesday, I presented these results. What did we find? Reward teams for cross-functional metrics.
Manufacturing is designed and planned in isolation. Integration with manufacturing systems to understand actual run times and Operating Efficiency (OEE). Monthly design of the supply chain including form and function of inventory and inventory placement. Focus on the level of inventory. Manufacturing.
We’ve already listed the top 10 manufacturing blog posts and the top 10 supply chain blog posts last week. When a manufacturer’s product normally moves through the supply chain network, it is to reach the distributor or customer. Download the Webinar Replay. Read the Full Post. Read the Full Post. Read the Full Post.
A survey conducted earlier this year by IDC Manufacturing Insights across Asia Pacific manufacturers found that organisations are currently focusing ESG efforts related to environmental sustainability on the following (1) : Energy efficiency requirements of products and operations. Sustainable Transformation Requires Digitalisation.
Manufacturing is changing. Our 2016 Manufacturing Report revealed an industry in the state of change, preparing for the next revolution. The Manufacturing Picture Became a Reality For Students Across the Country. We spoke about how manufacturing is becoming more clean, complex and based on new technologies.
Manufacturers have always struggled to obtain the most accurate inventory levels possible. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. Let’s take a closer look at why such systems have the power to radically change standard inventory management operations.
Management practices such as lean manufacturing and just-in-time inventory management, along with globalization, have made tremendous impact on cost and service, but have accentuated risk. Metrics such as lead-times, forecast accuracy, inventory levels, and service are used to measure operational risks. are most exposed to risk?
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. The company is the third-largest manufacturer of flash memory in the world.
More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies. The executive focus should be on the output of strategic planning into the tactical process of S&OP.
Proudly, I had led my division to have the lowest manufacturing costs with the highest Return on Assets. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. I was wrong.
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. Current State: Costs are rising.
On the 2nd of April, I sat before a board discussing how a company could exceed expectations in the delivery of Return on Invested Capital (ROIC) and superior operating margins and fail at the delivery of customer service and inventory. An Orbit Chart of Customer Service (Case Fill) Versus Inventory Turns.
Pull system of Inventory Control The pull inventory control system begins with a customer’s order. One advantage to the system is that there will be no excess of inventory that needs to be stored, thus reducing inventory levels and the cost of carrying and storing goods. Watch the webinar. Ergonomics.
The list includes the best of our blog and news items, our latest webinars and most recent case studies. Looking for a software provider for Business Analytics, S&OP, Inventory Optimization, Production Planning & Scheduling or SC Network Design? It’s the perfect companion for an inspiring holiday break! .
Continuous improvement is part of the game in manufacturing. Among the new trends in manufacturing improving the industry, additive manufacturing and cloud-based systems will push manufacturing forward in 2017. Let’s take a closer look at final five trends in manufacturing to watch for in 2017.
Due to travel restrictions, I cannot attend many industry events, so I observe from home, watching webinars and remote broadcasts. One of my insights from doing the industry analysis for the Supply Chains to Admire each year is that smaller and less well-known companies outperform larger and better-known manufacturers.
Automotive suppliers, especially Tier 2 and Tier 3 manufacturers may find their normal plant restart routines inadequate when attempting to ensure fulfillment of product quality and delivery requirements for their customers. Restarting manufacturing operations. Operational Restart Readiness. Recovering operational stability.
Many manufacturers struggle to optimize warehouse productivity and attract skilled employees. During Covid-related supply chain disruptions, many manufacturers ran out of warehouse space and began stashing inventory wherever there was room. Yet many manufacturers regard replacing them as an unnecessary expense.
Customer expectations of reliable quality and rapid delivery forces today’s manufacturers to either shorten cycle times or lose business. There are multiple good models for lean manufacturing operations. Who Needs Lean Manufacturing? Inventory records, product specs, shipping documents contain errors.
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.
Instead, what I observed when I looked at the data, was that most companies that I had worked with (in my role as an industry analyst, I had worked with over 300) were going backwards on margin and inventory turns. Resiliency is the pattern at the intersection of operating margin and inventory turns. “Ugh,” I said.
The flowering of e-commerce—while welcomed by most manufacturers and distributors/retailers—has introduced far more risk and complexity for logistics managers. Download the Background & Considerations for Manufacturers & Distributors to Set up an E-Commerce Logistics Practice E-Book! “Any
What is Mobility as it Applies to Manufacturing and Other Businesses? However, we are not referencing this kind of mobility when we are talking about mobility in manufacturing and logistics. The Rise of Enterprise Mobility in Manufacturing for Process Enablement. But, what does mobility exactly mean? mōˈbilədē/. noun: mobility.
Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. Staying Strategic in the Warehouse with Better Inventory Flow. Throughout the entire order fulfillment process, companies have a duty to ensure optimum warehouse efficiency by appropriately controlling inventory flow.
Managing inventory effectively is a constant challenge for businesses. Misunderstandings about the dynamics of inventory fluctuations, like the bullwhip effect, can exacerbate these challenges. Often, whats perceived as the bullwhip effect is actually a related but distinct phenomenon: the inventory accelerator.
How often do you hear the term, “productivity in manufacturing?” Today we will talk about how supply chain mobility will aid in this pursuit, but first let's take a look at what it means to manufacturers. Each of these definitions applies to a manufacturer’s ability to produce a surplus of a product.
The advancements in 3D printing and 'Additive Manufacturing,' coupled with supply chain efficiencies, could make distributed manufacturing a reality, ushering in the era of smart manufacturing. The Continual Coverage and Now Reality of Smart Manufacturing with 3D Printing.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content