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ASCM CEO Abe Eshkenazi, CSCP, CPA, CAE, offers his viewpoint on supply chain and the latest ASCM news.
Letters to the readers SCM Now magazine from Editor-in-Chief Elizabeth Rennie and other members of the editorial staff.
The official ASCM blog features insights, analyses and ideas from experts and ASCM leaders to help advance supply chains.
Each week, ASCM CEO Abe Eshkenazi, CSCP, CPA, CAE, offers insights into global news and shares his exclusive commentary connecting current events with supply chain topics.
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ASCM research cuts through the clutter and brings you critical ideas and innovations in supply chain management, best practices, how-to steps, and practical advice that give you and your organization a competitive advantage.
“Supply Chain Management: Beyond the Horizon” is an industry-focused initiative with research and educational components. The research was conducted by Michigan State University in conjunction with APICS.
Transportation Journal is an ASCM academic journal devoted to presenting new knowledge about the supply chain, logistics and transportation fields.
APICS, through a partnership with The Manufacturing Institute, explores how manufacturing and supply chain can attract, retain and advance women.
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The most effective cycle counting programs reflect the realities of managing inventory in a dynamic environment. Within successful frameworks such as these, inventory managers are able to reach their inventory accuracy goals and balance the cost of cycle counting with the cost of analyzing variance causes and maintaining accuracy controls. Unfortunately, many programs suffer from ambiguity and imprecision related to the mechanics of assembling the cycle counting system. Furthermore, too many inventory managers struggle to determine the optimum cycle for item review, how many items to count, and how to use cycle counting results to continuously improve record accuracy.......Read More
Inventory turnover is a powerful marker. It communicates a company’s inventory management values, compares one business’s inventory velocity to that of similar firms, measures internal trends, and sets the desired standard for group and individual goal attainment.......Read More
Do you know the current inventory turns measurement for your company? Do you have a goal for improving that performance? These are important questions for any company that has inventory.......Read More
Today’s communication networks, air traffic control systems, national electrical grids, unmanned aircraft systems, and numerous other industries depend on complex systems or systems of systems—that require a delicate balance of component functionalities to achieve a greater common objective. It makes sense that these highly engineered and intricate tools dictate a correspondingly sophisticated level of support.......Read More
Supply chain and operations management professionals recognize the importance of inventory management to both customer satisfaction and cost control. They also understand the inherent tension between the goals of customer satisfaction and cost control: In short, doing better on one puts a strain on the other. Easing this tension relies on finding the optimal balance point where Customer Relations goals can be met with the lowest possible inventory investment.......Read More
Metrics such as inventory turns, on-time shipments, production efficiency, and the like are woven into the fabric of most manufacturing operations in order to gain control over production and costs. But each has the potential to be subverted for personal advantage. The most-often-abused metric is purchase price variance (PPV). ......Read More
When a new weapon system is introduced, program managers aim to implement a system-maintenance model that will increase performance, reduce costs, provide timely execution and responsive service, and facilitate sustainable supply chain management. One way they work to achieve these objectives is through an interim period of support from the system’s prime contractor, who almost certainly has the most intimate knowledge of the weapon system and its subsystems.......Read More
At American Woodmark Corporation, kitchen and bathroom cabinets are built to order using more than 500 product lines and while holding no finished goods inventory. The build process on an individual project starts only when an order is placed and processed, and each kitchen or bathroom cabinet is manufactured in sequence for delivery to the customer’s home. ......Read More
In the long-running debate about push versus pull in planning and management, the two sides typically are exemplified by material requirements planning (MRP) on the push side and lean on the pull. The basic arguments are as follows.......Read More
It’s crucial for spare parts supply chains to have the necessary inventory at the right time and right place to meet Customer Relations performance expectations. Inventory reduction initiatives therefore typically are considered off-limits in the after-sale-support supply chain. However, the following strategies make it possible to identify opportunities for optimization, significantly reduce inventory, and maintain service levels.......Read More
Most company leaders believe purchasing’s primary objective to be cost reduction. Some buyers assume that getting low prices from their suppliers is the only way to achieve this goal. However, there are five other important aspects of a purchaser’s job that can significantly affect the bottom line.......Read More
The main reason for keeping inventory is to save time; that is, it enables a business to provide products or parts in less time than it takes to make or buy them. The technical term for that is decoupling—defined in the APICS Dictionary as “creating independence between supply and use of material.”......Read More
The theories behind physics and mathematics, tested over years of practice, form the foundation of supply chain and operations management. But sometimes even the basic principles are lost in the day-to-day realities of running a business.......Read More
While containing an issue and eliminating an issue are different things, containment does help keep the problem from getting worse. This is the benefit of drum-buffer-rope (DBR) production control, a system that has held its own as a method for scheduling and managing operations that have an internal constraint or capacity-constrained resource (CCR). ......Read More
Over the last several decades, there have been continuous strident voices in the marketplace declaring that material requirements planning (MRP) and enterprise resources planning (ERP) pursuits are worthless, antiquated, and obsolete.......Read More
Sometimes the customer supplies free components, with the total price adjusted accordingly. When this is the case, it should be clear whether the supplier or the customer is responsible for ordering necessary components. ......Read More
Enterprise resources planning (ERP) is not what it was 10 years ago, or even two years ago. The broad-based application suite that we call ERP is merely the current incarnation of a long line of offerings that date back to inventory management and bill of material software programs first developed over half a century ago.......Read More
Controlling the quantity and availability of inventory within a production system is one of the greatest challenges faced by supply chain and operations management professionals. One effective system to help manage this task is a centralized storage location for manufacturing components—a purchased-parts supermarket. ......Read More
Your information system and the plans, recommendations, and alerts it gives you are only as good as your data. The most fundamental data reveals inventory balances and availability. ......Read More
The most frustrating consulting assignment I ever had involved “Company X,” which hired me to help control its ballooning inventory. The general manager told me he wanted to fire the materials manager, but needed an outside opinion. ......Read More
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