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Companies leaning heavily on global sourcing? 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.
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. Specifically, we looked at three use cases for scenario modeling using our cloud-based IBP app.
Longer lead times, complex handoffs between logistics providers, data flow between disparate systems…requires a new way of thinking for efficient inventory moves from origin to the final customer efficiently. The post Supply Chain Brain Webinar appeared first on The Logistics of Logistics.
Register for our upcoming webinar here and get an in-depth view from the experts. A significant addition to our Inventory Hub® product, Dynamic Fulfillment leverages advanced optimization logic to determine what to ship, from where, in real-time, to reduce shipping costs, improve margins, and satisfy empowered customers.
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.
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.
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. In the supply chain, variability and volatility come from many sources.
This makes decisions not only about cost, service, and inventory trade-offs but also about risk and sustainability. Discover capability gaps and create sourcing events Seek and discover what capabilities the organization may be lacking, such as vulnerabilities or inefficiencies in transportation or supplier capacity.
In this week’s Procurement Leaders webinar recap, we address leveraging the tremendous power of data with Alex Saric, Ivalua’s Chief Marketing Officer and Johan Duba, CTO of Finance at Booz Allen Hamilton. Worth a watch: Webinar replay here. They then scrambled to identify new sources of supply and qualify those suppliers quickly.
He has published numerous thought leadership articles, whitepapers, blogs and delivered dozens of webinars during his career. Here is a summary of the key supply chain characteristics of each of the manufacturing strategy and how it impacts collaboration with suppliers.
Comprehensive view of source, make and deliver. Most often the focus is on transportation or logistics, but does not take into consideration the trade-offs between make, source and deliver. Focus is on make, source and deliver together. Focus on the level of inventory. We also have a webinar next week.
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.
Source: Dictionary.com. 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. During the year, I go to a lot of conferences.
For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . These features are extremely valuable, as they help healthcare organizations get to the next level of inventory and purchasing optimization.
The team was organized around the functional silos of source, make and deliver. I also believed that this company would have the best inventory and customer service. Instead, we found that the companies with the lowest total supply chain cost (a total of source, make and deliver) had average costs in manufacturing and distribution.
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.
It combines decisions across sell, deliver, make and source processes to drive value based outcomes. 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.
Incorporating circular economy principles throughout, from source to disposal. Incorporating responsible sourcing principles into the supply chain. Ordering, manufacturing and positioning of inventory in preparation for maintenance activities. Synopsis: GeTS Webinar 9th Sept 2021.
It is my hope that the readers of this blog will take time to either join us today to listen to the launch of the Supply Chain Index on our webinar or listen to the replay. (We The year 2012 marked the 30th anniversary of the use of supply chain management as a cross-functional process for source, make and deliver in the commercial sector.
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. You may have heard this statement if you are advocating for a Production Scheduling solution in your company.
” Supply chain planning roles have the largest number of vacancies with the longest time to source. The research that we are doing strongly supports that companies that are good at planning are better able to balance costs, inventory and customer service. Loyal and valued employees stay with organizations. Cross Train.
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. Specifically, we looked at three use cases for scenario modeling using our cloud-based IBP app.
A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. 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.
There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Price fluctuations and sourcing issues. Trade disputes and tariffs.
When companies look at singular metrics (labor costs or inventory), they have moved backwards. Industries that have formed cross-functional leadership teams combining source, make and deliver together have made the fastest progress. We hope to see you on our upcoming webinar series as we share more on the Supply Chain Index.
Companies entered the pandemic with twenty more days of inventory than at the beginning of the great recession. A balance sheet analysis shows that 95% of publicly traded manufacturers are stuck (when compared to peer group) at the intersection of growth and margin, margin and inventory turns, and Return on Invested Capital (ROIC) and growth.
The problem lies in effectively balancing inventory across the supply chain. When demand surges, inventory needs to rise, and vice-versa. However, as we’ve seen in recent years, predicting these shifts and adjusting inventory accordingly is far from simple.
a leader in supply chain innovation powering the sustainable and resilient enterprise, will discuss how to tackle ERP limitations during its upcoming webinar, Collaboration, Intelligence and Connection: Going Beyond ERP to Maximize Supply Chain Value. The webinar is free to attend, and registration is available here. EDT on June 23.
We finished our report on the maturation of hospital supply chains , and I have put the finishing touches on the Healthcare Supply Chain Index for this Thursday’s webinar. The focus has been on sourcing and managed costs. Be sure to not overlook the inventory carrying costs and the impact of demand latency.
As shown in Figure 1, the company has been unable to maintain balance on the portfolio of cost and inventory. Note that recent inventory progress is slipping against the improvements during the recession). Therefore, a company like BASF with a mature supply chain ranks 25 out of 30 for the post-recession period of 2010-2016.
Dynamic Fulfillment leverages real-time inventory, demand, and operational signals captured by ToolsGroup’s unique dynamic data unification platform, which provides a digital supply chain twin for optimal sourcing decisions. Built-in automation cuts the planning workload by up to 90% and helps companies reduce waste by 10-30%.
By pinpointing suppliers in affected regions and analyzing their capabilities and products, clients can proactively identify alternative sources, ensuring continuity and minimizing operational disruptions. Source: Cal Fire) A Red Flag Warning zone, represented in pink, highlights areas where critical fire weather conditions are expected.
Source: Oliver Wight. When applied to S&OP and IBP, modeling and optimization enable you to balance out scenarios and perform what-if analyses so you can analyze how these different scenarios will affect your inventory and/or cost. .* Should we increase our inventory? But how does it work in practice?
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.
What makes Ethereum different is that it actively encourages software development teams to use its open-source protocol to design tokens that run on top of the Ethereum blockchain. Provenance ensures transparency in supply chains, with the aim of encouraging brands to source materials and labor in an ethical and fair trade manner.
By enabling customer access to supplier information, including sourcing of materials, as well as environmental performance data, all parties in the supply chain, can be made more accountable. This is achieved by AI and ML which delivers more accurate optimised inventory, minimising overproduction and potential errors.
Shift to Ocean During a Freightos webinar in January, Judah Levine, Freightos’ head of research, said that there are signs that some Chinese exporters and US e-commerce importers or sellers are starting to build up inventories via ocean freight in potential anticipation of stricter de minimis rules. Cargo imported into the U.S.
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. Source, make, and deliver reporting to a common leader. Watch our webinar and u ncover the possibilities.
Unfortunately, you might have problems with inventory shrinkage that you don’t even know about and won’t have to face until an order picker comes up short, and one of your customers has to look elsewhere. The more you can eliminate sources of human error — such as taking notes on scraps of paper —?the Collect Data Automatically.
They go over plans and analyze how they will affect inventories and distribution systems. They are in charge of making sure that any inventory shipping in and out of the department is handled with care and delivered in a timely fashion without unforeseen budgetary expenditures. Inventory Managers. Transportation Manager.
Failure to do so would result in extreme inaccuracies in inventory management and additional delays throughout shipping processes. Fortunately, supply chain execs can overcome and successfully mitigate this risk by implementing robust analytics technologies to provide better inventory management and overall supply chain management.
Provides various educational opportunities, such as conferences, workshops, and webinars. SCMDOJO is highly specialized, offering top-notch courses, free webinars, podcasts, tools, and more. SCMDOJO However, SCMDOJO not only provides on-demand courses but also facilitates free webinars and podcasts. These questions look at it.
In a recent webinar , Carlsberg shared more on this topic. Should you be curious to hear directly from Carlsberg and Tomas Tomasson, Service Owner Logistics and Transportation | IIT WE Supply Chain, please watch the webinar “Connecting the Dots for an Intelligent and Sustainable Supply Chain.” A prospect to raise a glass to.
By visualizing our future stock levels, we can prepare for economic shifts in each region such as inflation, trade restrictions, and geopolitical events – as well new sustainability compliance mandates and changes in our competitive landscape,” reports Mark Turk, Demand, Inventory, and Supply Planning Manager at DENSO Corporation.
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