ToolsGroup

JUNE 15, 2023

We heard how Scenario / Simulations are critical tools to build contingency plans before events happen. But we are moving into a world of prescriptive analytics (recommending what to do) and automation (autonomously taking action) and this is where accurate, real-time data is absolutely essential. Look no further.

Gartner 293

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 293

QAD

FEBRUARY 21, 2023

Manufacturers are realizing the benefits of tightening relationships with suppliers to better manage the procurement of goods and lower supply costs. This builds a more effective manufacturer-supplier partnership that lowers inbound supply costs and improves supplier performance.

Manufacturing Procurement 95

Manufacturing Procurement Supply and Demand Inventory Reduction Demand Planning Software 95

ToolsGroup

SEPTEMBER 20, 2022

Let’s delve into the five ways manufacturers are uncovering success by using AI to process information faster and perform more complex roles. The first step is accurate data collection. AI-based condition-monitoring sensors are installed on critical assets to collect and relay valuable real-time performance data.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Understanding these metrics is critical for ensuring that production runs smoothly, inventories are optimized, and customer demands are met.

Procurement Analytics 81

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 81

SCMDOJO

NOVEMBER 29, 2023

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow.

Inventory Reduction 88

Inventory Reduction Material Savings Resource Reduction Inventory Management Software 88

My Office Apps

NOVEMBER 16, 2023

Differentiating Specialized Food Inventory Software: Beyond Standard Inventory Management Solutions Not all inventory management software is created equal. This guide illuminates the key differences between generic inventory solutions and specialized software tailored for the intricacies of the food industry.

Inventory Management Software 86

Inventory Management Software Supply Chain Design Software Optimization Software Modeling Software 86

SYSPRO Smarter ERP

APRIL 24, 2023

This process involves multiple stages, including receiving the order, getting parts and materials, manufacturing or assembling the items, picking and packing in the warehouse, shipping, and tracking the shipment to ensure successful delivery. With accurate inventory data, businesses can avoid stockouts, and reduce the costs of overstocking.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

ToolsGroup

DECEMBER 2, 2021

There’s been a lot of change in how we view supply chain demand forecasting: we moved from a focus on supply—what and how much to supply or replenish—to the demand-driven supply chain, which placed too much emphasis on the intermediate goal of an accurate demand forecast. This leads to excessive costs, waste and obsolescence.

Inventory Reduction 156

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 156

QAD

MARCH 6, 2024

Accurate forecasting models become ever more critical to meet customer demand as companies add more product lines and the value chain expands. That’s why having the most accurate forecasts to have a successful demand plan in place is a must for every company. What Should Their Duties Include?

Supply and Demand 52

Supply and Demand Modeling Forecasting Sourcing Strategies 52

GlobalTranz

FEBRUARY 18, 2022

As a result, many shippers are revising their strategy from just-in-time inventory to just-in-case based on the hard lessons of the past two years. Expect diligent application of accessorial fees and surcharges as carriers reclaim costs and incentivize shippers’ behavior to improve efficiency. LTL Industry Macro Trends.

Trends 227

Trends Resource Reduction Cost Reduction Strategies Inventory Reduction 227

ToolsGroup

APRIL 25, 2019

Unfortunately, the transition requires a more moderated approach to achieve success. Gathering the necessary data to formulate an accurate comparison between previous results and those provided by machine learning is an excellent way to establish confidence in your results. Set Specific Business Objectives at the Start.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

OptiProERP

FEBRUARY 8, 2024

This blog post will explore the intersection of additive manufacturing and ERP. It will explore the benefits, challenges, and strategies for achieving optimal synergy between these two critical components of modern manufacturing.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

SCMDOJO

MARCH 19, 2024

A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth. By optimizing the supply chain, businesses can minimize costs, reduce lead times, and improve customer service.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

ToolsGroup

AUGUST 1, 2022

Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. It’s true that returns cost retailers money. With returns, for every dollar in returned merchandise, it costs a retailer between 15 cents to 30 cents to handle it.” The Goals of Customer-Centric Retail Returns.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

My Office Apps

MAY 30, 2023

Enhanced Inventory Management Effective inventory management is crucial for distributors to avoid stock-outs , optimize storage, and reduce carrying costs. Enhanced Inventory Management Effective inventory management is crucial for distributors to avoid stock-outs , optimize storage, and reduce carrying costs.

Optimal Sourcing 80

Optimal Sourcing Inventory Management Software Supply Chain Planning Software Optimization Software 80

Logility

APRIL 23, 2020

This is the most critical step in ensuring a successful outcome. Take a data asset inventory. Once the project is defined, it is critical that an inventory of all data assets is taken. Short Registration - Multi Part - BLOG FEATURED DOWNLOAD. One may ask, “What’s next?” Define the project. Model building.

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

DELMIA Quintiq

AUGUST 15, 2022

According to McKinsey & Company, agility and flexibility will be critical to navigate the following challenges ahead. Three Critical Questions about the Virtual Twin Answered. While the worst of Covid-19 seems to be over, manufacturers are still reeling from the after-effects of the disruptions caused by the pandemic.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Modeling Software 156

BlueYonder

JUNE 26, 2023

Our Commerce microservices deliver responsive, integrated business planning and operations capabilities, inventory visibility, and orchestration powered by AI/ML insights and forecasting models. What does today’s modern retailer truly need to be successful?

Seattle 71

Seattle Real-time Visibility Retail Modeling 71

Vinculum

OCTOBER 12, 2023

This is where Vinculum, a global SaaS company specializing in omnichannel retail and supply chain solutions, steps in to empower businesses for festive success. This blog will delve into the essential role that Vinculum plays in helping businesses navigate the festive season with ease and ensure a seamless operational flow.

Supply Chain Design Software 52

Supply Chain Design Software Inventory Management Software Forecasting Software Demand Planning Software 52

New Horizon Supply Chain Blog

FEBRUARY 23, 2024

What Is Demand Planning Within the realm of supply chain management, demand planning is the process of forecasting and managing customer demand so that organizations can make appropriate decisions about future procurement, production, inventory, distribution, hiring, and capital investment.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

QAD

JULY 13, 2023

Most food manufacturers operate on low margins, improving efficiencies in all areas of the business and reducing costs. With integrated modules encompassing inventory management, production planning, procurement, quality control, and more, manufacturers can gain real-time visibility into their operations, enabling better decision-making.

Manufacturing Procurement 88

Manufacturing Procurement Optimal Sourcing Analytics Software Supply Chain Planning Software 88

ToolsGroup

JUNE 14, 2022

Sixty percent of supply chains have been designed for cost efficiency, not agility. It’s crucial for businesses to adopt practices that drive growth and deliver value while optimizing for cost. Tips for successful planning transformations. It’s critical to bring together demand creation and supply capability.

Gartner 156

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 156

OptiProERP

APRIL 25, 2023

This blog post will outline the most critical logistics KPIs manufacturers and distributors should track. This metric can help you manage inventory levels and ensure you have the right products when customers need them. This metric can help you identify opportunities to increase production efficiency and reduce costs.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Inventory Reduction Expense Reduction Manufacturing 52

SYSPRO Smarter ERP

JANUARY 29, 2024

Inventory management Effective inventory management allows manufacturers to coordinate the actions and requirements of the business so that stocks are maintained at the right place, at the right time, and in the right quantities to satisfy customer demands and the production process.

Manufacturing Procurement 52

Manufacturing Procurement Trends Manufacturing Inventory Management Software 52

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. The main benefits of accurate demand forecasts are: 1.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

ThroughPut

FEBRUARY 15, 2023

Why Supply Chain Efficiency and Resilience are Critical to Business Success? No matter how rapidly your business is growing, ongoing supply chain efficiency springs from the core ability of your business to leverage its resources, skills, technology and capabilities to exceed revenue while minimizing costs.

Sourcing Strategies 94

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Inventory Reduction 94

ThroughPut

FEBRUARY 14, 2024

Business success depends on decisions – decisions that range from target market selection to vendor engagement, production and sales targets, logistics routes, and even talent hiring. The Role of AI in Supply Chain Decision Intelligence AI is what makes supply chain decision intelligence ‘real-time’ ‘fast’ and ‘accurate’.

Optimal Sourcing 59

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 59

ThroughPut

MARCH 25, 2024

In supply chain management, accurately distinguishing between demand planning and demand forecasting is essential yet challenging. The consequences of conflating demand planning with demand forecasting are significant, impacting inventory management, customer satisfaction, and financial health. What is Demand Forecasting?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

The Logistics & Supply Chain Management Society

JUNE 14, 2023

Managing Inventory amid Regime Change by Thomas Willemain, Ph.D ​If Statisticians use the phrase differently, in a way that has high relevance for demand planning and inventory optimization. This blog is about “regime change” in the statistical sense, meaning a major change in the character of the demand for an inventory item.

Inventory 130

Inventory Supply and Demand Scenario Planning Demand Planning Software 130

Logility

MARCH 29, 2022

In this blog, we’ll briefly explore some recent supply chain disruptors and how to build a supply chain that can effectively navigate the future. Ports became overwhelmed: Orders outstripped available containers, which caused the cost of a shipping container to skyrocket. Shipping costs have skyrocketed.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply and Demand Supply Chain Optimization 130

QAD

JUNE 20, 2019

Manufacturers are realizing the benefits of tightening relationships with suppliers to better manage the procurement of goods and lower supply costs. This builds a more effective manufacturer-supplier partnership that lowers inbound supply costs and improves supplier performance. Supplier Challenges Exist.

Manufacturing Procurement 106

Manufacturing Procurement Inventory Reduction Cost Reduction Strategies Optimal Sourcing 106

QAD

JUNE 20, 2023

One area that is often overlooked is the impact that the plant floor can have on overall supply chain performance and success. Operations and manufacturing managers always look at metrics on productivity, schedule adherence, downtime and other critical production data. Now, there is an old saying that “Knowledge is Power”.

Optimal Sourcing 90

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 90

EazyStock

AUGUST 29, 2023

Improving businesses and the environment In today’s fast-paced business landscape, inventory management plays a crucial role in determining a company’s success. Whether a small retailer or a large-scale manufacturer, getting your inventory right can significantly impact your bottom line.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Sustainability 52

My Office Apps

OCTOBER 9, 2023

AI’s Role in Changing Distribution Software Distribution management software (DMS) is a comprehensive solution that helps businesses effectively manage their supply chain , logistics, inventory, and order fulfillment processes. It uses historical data and external factors like market trends and seasonality to forecast demand accurately.

Optimization Software 73

Optimization Software Forecasting Software Inventory Management Software Supply Chain Planning Software 73

3PL Insights

FEBRUARY 14, 2023

The flow of finished goods in retail logistics is a multi-step process, encompassing inventory management, order fulfillment and shipping, and returns management. Inventory Management Inventory management is the procurement, storage, and selling of a company’s inventory.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Inventory Management Software Supply Chain Software Retail 92

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. Though this topic has been thoroughly researched, its basics and practical advice on successfully implementing it have often been overlooked in the endless blog posts on Google search results pages. What is Just-In-Time (JIT) Inventory Management?

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

ThroughPut

DECEMBER 6, 2023

Businesses can access historical data, market trends, and other external factors and, by plugging in predictive analytics, gain invaluable insights that streamline inventory management, demand forecasting, transportation planning, risk mitigation, and overall decision-making processes. ” dominated conversations across functions.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52