Bristlecone

JUNE 30, 2020

Bristlecone Rapid Insights 360° are prebuilt and preconfigured solutions targeting critical KPIs across Spend, S&OP, Inventory and Plant Maintenance Operations. Inventory 360 ° – Delivers critical visibility into the health of business-owned inventory – to reduce inventory carrying costs and obsolescence and improve service levels.

Optimal Sourcing 52

Optimal Sourcing Analytics S&OP Inventory Reduction 52

My Office Apps

DECEMBER 7, 2023

Boost Your Business Profits with Efficient Procurement and Inventory Management Software Are you searching for ways to enhance your business’s profitability? This is a common challenge faced by companies today, constantly looking for optimization and cost savings.

Inventory Reduction 88

Inventory Reduction Inventory Management Software Cost Reduction Strategies Optimal Sourcing 88

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

ToolsGroup

FEBRUARY 4, 2020

When demand changes faster than a company’s ability to respond, you can end up with the wrong SKU mix and locations, frequent internal inventory transfers and expedites with high freight costs. Excess and obsolete inventory. We’re projecting a 60% reduction in inventory across SKUs when the full rollout is complete.

Supply Chain Planning Software 232

Supply Chain Planning Software Supply Chain Planning Inventory Reduction Supply Chain Software 232

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. The software never expanded in scope to manage multi-tier inventories. Rise in Inventories. Across industries, we carry 28 more days of inventory. As a high school debater, I love a good argument.

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

ToolsGroup

APRIL 4, 2023

By land, by air, by sea – transit organizations know the competition is fierce for retaining customer loyalty, requiring inventory management strategies that balance consumer needs with sustainability initiatives and business goals. These companies understand that one bad experience could jeopardize future sales.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 156

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

ToolsGroup

MARCH 24, 2021

The subway system is the lifeblood of New York City, pre-COVID carrying an average of 5.5 Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. The basic approach to inventory optimization.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Logistics Bureau

DECEMBER 20, 2021

In addition, those articles inevitably stimulate readers to post questions, which, over time, we try to answer in detail by creating new blog posts to address them. As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. 1: Inventory Turns.

Inventory Reduction 76

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 76

Supply Chain Shaman

DECEMBER 30, 2021

Let me start this blog by asking, “Shouldn’t you be worried too?” So, I write this blog with this bias. Not only did the cost increase, but variability tripled. The dramatic increase in cost is a major factor in inflation: driving the 11.5% jump in apparel costs and 5.5% I expect disruption.

Supply Chain Design Software 424

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 424

GlobalTranz

APRIL 20, 2021

To build supply chain resiliency, leaders should consider these factors: Buffer inventory and shift away from JIT.? The coronavirus disruptions highlighted the stressed nature of lean and just-in-time inventories. Those factories with essentially zero inventory of critical components were forced to close or drastically scale back.

Supply Chain Planning Software 288

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design Software Sourcing Strategies 288

Logistics Viewpoints

SEPTEMBER 15, 2023

The latest capability for merchants shows that the e-commerce giant is trying to control more inventory deeper in the supply chain before it’s sold. The blog post announcing the new offering did not mention what the cost would be, but it could be higher than normal rapid delivery.

Logistics Network Optimization Software 203

Logistics Network Optimization Software Logistics Arkansas Panama 203

ModusLink Corporation

SEPTEMBER 7, 2023

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ToolsGroup

MAY 11, 2020

Balancing high service levels with inventory. The company needed to raise its service levels while maintaining or reducing its available inventory. Also, the system did not track carrying costs, which would have helped planners evaluate purchases. SO99+ also streamlined Nordco’s purchasing process and reduced costs.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Software Supply Chain Planning Procurement Solutions 156

ToolsGroup

AUGUST 3, 2020

It’s notoriously difficult to optimize inventory for aftermarket parts. You need to maintain high service levels, but sporadic demand and an infinite number of SKUs frequently lead to waste, excess cost and product obsolescence. Read on for our five inventory optimization secrets for aftermarket parts.

Inventory Reduction 156

Inventory Reduction Waste Reduction Optimization Software Supply Chain Optimization 156

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Procurement planning functionality (essentially the planning of future purchase orders) is typically a subset of broader supply planning applications that plan manufacturing work orders, inventory levels, shipments, as well as purchase orders, to meet demand.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

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

FEBRUARY 23, 2021

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging. Anyone can come up with a plan.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Modeling Optimization Software 156

QAD

JANUARY 11, 2024

However, the only ways to ensure on-time delivery are either to get first-time quality right, so there are no delays due to rework, to carry excess inventory, or to have your customer carry safety stock. Cost-effectiveness and Transparency: Driving Mutual Growth Cost-effectiveness and transparency in pricing are paramount.

Supply Chain Planning Software 96

Supply Chain Planning Software Predictive Analytics Software Demand Planning Software Price Reduction 96

SCMDOJO

JULY 29, 2022

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss.

Sourcing Strategies 103

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Boston 103

Supply Chain Matters

DECEMBER 28, 2023

Background In various Supply Chain Matters blog commentaries, this supply chain technology industry analyst has raised awareness, perspectives and added focus to the critical importance of establishing synchronous processes and more timely decision making across an end-to-end supply chain network.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Network Software Supply Chain Design Software Supply Chain Software 59

ToolsGroup

MARCH 1, 2018

Editor's Note: There will be no blog post next week. Going forward, successful brick and mortal retailers must capitalize on the element of “cash and carry”, giving consumers a level of instant gratification that the click-and-wait world of Amazon cannot match. Many retailers consider competing against Amazon their biggest challenge.

Inventory Reduction 189

Inventory Reduction Retail Inventory Supply Chain Planning Software 189

SYSPRO Smarter ERP

APRIL 24, 2023

The goal of order fulfilment is to ensure that customers receive the products they ordered in a timely and accurate manner whilst minimizing costs and maximizing efficiency and throughput. Inventory management — an ERP system can help manage inventory levels to ensure that items are available to fulfil orders.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

SCMDOJO

DECEMBER 14, 2023

With this in mind, we will explore in this blog the definition of Lead Time, its impact, and how mastering it can be your competitive advantage. Production Lead Time: Beyond reducing carrying costs and inventory levels, an optimized production lead time empowers businesses to respond quickly to changes in market demand.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Modeling 98

Modeling Optimization Software Inventory Reduction Optimization Modeling 98

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. This avoids duplication of efforts and ensures a smooth flow of goods and services.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

EazyStock

NOVEMBER 6, 2020

Maintaining cost-effective inventory levels is critical for any manufacturer, wholesaler, supplier or retailer. But just how much inventory is the right amount to hold? What are inventory carrying costs? It’s an umbrella term used to cover these four specific costs: 1. Capital costs.

Purchasing Skills 40

Purchasing Skills Inventory Reduction Cost Reduction Strategies Optimal Sourcing 40

Supply Chain Shaman

JUNE 1, 2022

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. Days of Inventory Shifts. How Do We Change The Discussion? Unlearning.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Managing inventory is a complex business. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. How to Choose Inventory Management KPIs.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Analysis 52

QAD

APRIL 10, 2024

Thus, it can impact the efficiency of operations and increase inventory carrying costs. A reliable system should provide accurate forecasts and recommendations to optimize inventory management and prevent unnecessary costs. This, in turn, enables the reduction of costs and the increase of cash flow.

Optimal Sourcing 52

Optimal Sourcing Forecasting Supply and Demand Forecasting Software 52

QAD

OCTOBER 24, 2023

Benefits of Collaborative Supplier Relationships Increasingly, organizations are realizing the benefits of tightening relationships with suppliers to better manage the sourcing and procurement of goods and lower supply costs. The post What You Need to Know About Supplier Management and SRM Software appeared first on QAD Blog.

Supplier Management 94

Supplier Management Procurement Solutions Optimal Sourcing Supply Chain Network Software 94

SYSPRO Smarter ERP

JANUARY 22, 2024

Material Requirements Planning for a modern manufacturing environment Material Requirements Planning (MRP) is software that helps companies estimate the required quantities of raw materials, maintain inventory levels, and ensure manufacturing has all the items needed to make products to satisfy demand. Manufacturers that adopt Industry 4.0

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Solutions Manufacturing 52

EazyStock

FEBRUARY 17, 2021

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 75