Inventory Management Archives - Page 4 of 5 - Supply Chain Game Changer™

Inventory Management Beyond the Mystery (Ebook)

Unchaining Change Leadership! (Ebook)

Inventory is everywhere you look.

Everyone and every company has inventory of some kind or another. In your cupboards and closets, attics and basements at home you have an inventory of goods. At your place of work, whether that be in an office, on a manufacturing floor, or a warehouse, you are surrounded by inventory. And certainly, any store you go to, whether in person or online, has shelves stocked with inventory.

Inventory makes the world go around.

That is why we’ve created “Inventory Management Beyond the Mystery“, our Inventory Management Ebook, to help you learn how to make game changing results using real life techniques.

Seasoned Leadership in Action™ – An Interview with Vitor Angelelli, Head of Operations at Neogrid

Seasoned Leadership in Action™ Interview Excerpts: Lessons Learned by Global Leaders

At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series. This interview is with Vitor Ayres Angelelli, Head of Operations at Neogrid North America.

MRO Inventory Management: An Essential Element for Operational Efficiency!

What is MRO and Why is it Important?

In a world where competition is fierce and operational efficiency is paramount, businesses often seek ways to streamline processes and reduce costs without compromising on quality. MRO inventory management, or Maintenance, Repair, and Operation inventory management, plays a pivotal role in achieving these objectives.

Understanding and effectively managing MRO inventory can be the difference between a seamlessly running operation and one riddled with delays, unnecessary expenses, and operational hiccups.

Mastering Small Business Logistics: Streamlining Efficiency through Inventory Forecasting!

Sales Forecasting Unchecked – A Supply Chain Nightmare!

In the dynamic world of small business logistics, the ability to optimize inventory management plays a pivotal role in achieving operational excellence. Efficient inventory forecasting is the cornerstone of successful logistics operations, empowering businesses to maintain optimal stock levels, reduce costs, enhance customer satisfaction, and drive growth.

Let’s delve into the realm of inventory forecasting, exploring innovative strategies that can revolutionize the way small businesses handle their logistics operations.

How Do ERP Systems Help Reduce the Bullwhip Effect?

Blockchain Technology is the Antidote to the Bullwhip Effect!

The Bullwhip Effect is a pretty popular phenomenon and conversational topic in supply chain management. Basically, the bullwhip effect is a phenomenon that occurs in supply chains where increased demand at the end of a supply chain can lead to higher costs and greater uncertainty throughout the manufacturing process.

Lead Time – The Ultimate Guide!

Drop Shipping Teddy Bears!

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Online shoppers have come to expect the instant gratification of next-day delivery. Consumers’ willingness to wait to receive their orders has dwindled significantly in the past half-decade. If your eCommerce fulfillment process takes too long, you’ll lose sales. One of the best ways to shorten your delivery window is to reduce lead time.

A deeper understanding of what lead time is, its components, and how reducing it can help your business grow. In this guide, you’ll find everything you need to know about lead time and how to use it to optimize your order fulfillment.

5 Inventory Management Mistakes to Avoid!

Featuring Our 10 Best Inventory Management Articles!

A very important part of many businesses is managing inventory. Companies in all different industries need to have inventory in stock in order to remain afloat and deliver their products to customers in a timely manner and avoid inventory management mistakes.

Managing this inventory is very important and should not be underrated or ignored by businesses. Having good inventory management can save your businesses money and make sure your fulfillment is acceptable.

The Natural Rubber Supply Chain! Will it Bounce Back?

Is Just In Time Past Its Time?

The natural, and synthetic, rubber Supply Chain is another casualty of the Coronavirus pandemic. Our recent purchase of a new vehicle made us aware not only of the computer chip shortages impacting the new automobile sales market, but also the rubber market shortages threatening similar disruptions.

Rubber is used for tires, gloves, gaskets, clothing, adhesives, numerous industrial applications, hoses, water based applications (eg. diving equipment, flotation devices), and much more. It is an integral and indispensable part of our personal and professional lives.

Such pervasive usage and demand, combined with the potential for supply impacts, makes it important for us all to understand the natural and synthetic rubber Supply Chain.

Are Ghost Assets Haunting Your Inventory Control?

Do You Want Inventory Turnover Breakthrough? Define and Manage The Levers!

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Imagine an asset that, instead of contributing to a business’s success, costs it money without producing return, makes it harder to get an accurate picture of performance and otherwise hinders its success.

It’s a scary picture for any business owner or employee—and for many, it’s all too real.

These assets are called ghost assets, and they’re surprisingly common. How do these assets come to haunt a business, and what can be done about them?

They’re certainly a challenge to deal with, but it’s possible through the power of technology and smart asset management.

The Preeminent Role of Supply Chain in Cash Cycle Management!

Cash Is King! Creating a Culture Focused on Money Management

Cash is King! That much has always been, and will always be, a truism. The amount of cash you have will determine whether your business grows or declines and whether it lives or dies. So managing the time of the cash cycle is a mandatory business process.

Many people may have the view that Finance is solely, or predominantly, responsible for cash management. But the reality is that Supply Chain has a leading role in determining the cash position of any company.

Let’s explore what Time to Cash or the Cash Cycle is, what Supply Chain’s role is, and what actions you can take to ensure there is enough cash to keep your business afloat.

A Formula For Achieving Game Changing Results!

World Class Inventory Turnover Breakthrough Elements! (Infographic)

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Many projects often fade away over time and fall well short of their original goals. People face many very real challenges in leading these projects. So how do you avoid having your project become another program-of-the-month and disappear from view? Is there a formula?

As we have discussed in other blog posts we have tackled Inventory Turnover several times, amongst many other challenges. We have doubled turnover and achieved industry leading results in very short periods of time.

Your challenge may be trying to improve Inventory performance or trying to create a transformational improvement in some other area. We have found that there is a formula and a set of key principles that are critical to driving the game changing results you are looking for.

4 Challenges in Starting and Sustaining a SIOP (S&OP) Business Process!

Featuring Our 10 Best Inventory Management Articles!

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A Sales, Inventory and Operations Planning (SIOP) business process is an essential element for running a successful business. SIOP will allow you to improve your forecasting, capacity and resource planning, cash flow, and inventory levels.

Yet there are many challenges with getting a proper, functioning SIOP process in place. If the benefits are so clear why is it so difficult to get SIOP going and then to sustain it?

Confessions of a High Priced Expediter!

Part Shortages? What is your Supply Line Strategy?

The CEO called. “We’re out of Parts … I need your help!” And so it began. These are my confessions as a high priced expediter.

Every Supply Chain is going to have supply disruption and raw material shortages at some point. So if you work in Supply Chain you are going to get involved in some fashion. Maybe you are calling suppliers, qualifying new, replacement parts, or maybe you are arranging for fast delivery of the shortages.

I have been involved directly or indirectly in resolving part shortages throughout my career. Even as an Executive I still got pulled in to these situations and asked to personally get them fixed. Once an Expediter, always an Expediter.

Here are my Confessions!

The Go-To List of Ways to Improve Inventory Management!

Featuring Our 10 Best Inventory Management Articles!

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Today’s warehouse managers need to improve inventory management strategies. Shareholders want to increase profitability. Customers wish for better customer service. Amazon wants to take over the world.

This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride.

Supply chain leaders should follow these key strategies for ways to improve inventory planning services and inventory management.

The New Car Bait and Switch! A True Story!

Customers Do Not Care About Your Problems!

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The “Check Engine” light appeared on my vehicle recently. As the vehicle was over 11 years old and showing increasingly serious signs of breaking down, a trip to the mechanic confirmed that it would cost more to fix the vehicle then it was worth. So my wife and I decided we needed to get a new car.

We quickly researched vehicles and narrowed down the model and brand that we were interested in. After a visit to the local dealership, a test drive and some negotiating we bought a new car.

Within 24 hours of getting our new car our happiness turned to bitterness. The car they gave us was not the vehicle we had bought.

It seemed like we were the victims of a car dealership bait and switch!