ToolsGroup

MARCH 30, 2022

By using daily forecasts and replenishment constraints such as storage capacity, safety stock, stock, lead time, etc., In addition, a real-time alerting system tells us if and where there is an out-of-stock risk, allowing us to take immediate corrective action. Fewer stock shortages and reduced obsolete inventory.

Supply Chain Planning Software 317

Supply Chain Planning Software Optimization Software Modeling Supply Chain Optimization 317

ModusLink Corporation

SEPTEMBER 7, 2023

This blog delves into industry-leading inventory management best practices. Distinguishing Inventory Management from Supply Chain Management: While inventory management and supply chain management are closely related, it’s important to recognize that these terms are not interchangeable.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

This blog delves into industry-leading inventory management best practices. Distinguishing Inventory Management from Supply Chain Management: While inventory management and supply chain management are closely related, it’s important to recognize that these terms are not interchangeable.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

This blog delves into industry-leading inventory management best practices. Distinguishing Inventory Management from Supply Chain Management: While inventory management and supply chain management are closely related, it’s important to recognize that these terms are not interchangeable.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ToolsGroup

MARCH 24, 2021

All manufacturing echelons–raw materials suppliers, factories, distribution centers, and wholesalers–need to ensure that the right stock is in the right place at the right time to truly serve the end customer. Lot Size Optimization is the simultaneous optimization of safety stock and cycle stock values.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

ToolsGroup

OCTOBER 20, 2020

I can’t emphasize strongly enough how important it is now, as we work through crisis times, to set inventory policies that ensure order line fill rates (OLFR) are met. Spoiler alert: it’s all about getting the stock mix right across your SKU portfolio. And during these crisis times, that’s never been more important.

Inventory Reduction 177

Inventory Reduction Optimization Software Supply Chain Optimization Inventory 177

SYSPRO Smarter ERP

MAY 10, 2022

This should also integrate with inventory management and procurement so that goods are ordered in time and there is visibility over stock items. It is also important for inventory management to have details of the items that make up assemblies. . How ERP helps Assemble To Order (ATO) manufacturers.

Manufacturing Procurement 111

Manufacturing Procurement Procurement Solutions Optimal Sourcing Inventory Management Software 111

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. Inventory control is the process of managing and regulating the supply, storage and distribution of stock. Understand your demand.

Modeling 98

Modeling Optimization Software Inventory Reduction Optimization Modeling 98

SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. Physical space used by stock comes at a cost – inventory ties up cash and working capital which could be better deployed elsewhere. The rise of Industry 4.0 Inventory optimization.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Inventory Reduction Modeling 111

SCMDOJO

DECEMBER 14, 2023

Time is really important in business. 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. Increased Cash Flow: With reduced inventory levels, capital is not tied up in excess stock.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

ToolsGroup

JUNE 11, 2019

Trust in the planning process breaks down, and when planners stop trusting forecasts they tend to load up on safety stock. ABC classification, using a 3×3 matrix, provides a way to simplify an SKU portfolio to make safety stock calculations more manageable. This leads to excessive costs, waste and obsolescence.

Optimization Software 244

Optimization Software Supply Chain Optimization Supply Chain Planning Software Network Optimization 244

SCMDOJO

NOVEMBER 9, 2023

The primary goal of inventory control is to reduce the costs associated with holding stock. By employing the right Inventory Control Techniques, you can ensure that your business maintains a sufficient stock level to meet consumer demand. Inventory Control Techniques also help prevent issues like dead stock and spoilage.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

ToolsGroup

JUNE 11, 2020

Using the data from the digital twin, SKF’s deployment of ToolsGroup’s Service Optimizer 99+ planning software automatically calculates each item’s external demand forecast and factors in lead times and actual stock levels throughout the supply network. Lastly, it creates alerts whenever serious deviations need attention or intervention.”2

Gartner 248

Gartner Supply Chain Planning Software Supply Chain Software Optimization Software 248

ToolsGroup

MAY 18, 2022

While stock levels were consistently low, the crisis reached a new level in the spring of 2022, when, in April, almost 30% of the top selling baby formula products were out of stock. In total, approximately 40% of retailers in the United States are out of stock as of mid-May. Image source: MTL Blog.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Planning Software Pricing Training Purchasing Skills 156

Resilinc

APRIL 6, 2021

Inventory/safety stock management and daily (control tower) monitoring. It’s also important to remember that the costs and benefits of proactive risk mitigation can vary dramatically by industry. The post Blog Series: The Ultimate Guide to Supply Chain Resiliency, Part 3 – Implementation appeared first on Resilinc.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Planning 62

The Smart Software

DECEMBER 5, 2023

For example, demand planners will often compute safety stock by a user-defined multiple of the forecast or historical average. Or they may configure their ERP to order more when on hand inventory gets to 2 x the average demand over the lead time for important items and 1.5 x for less important ones.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Forecasting Supply Chain Planning 52

The Smart Software

DECEMBER 5, 2023

For example, demand planners will often compute safety stock by a user-defined multiple of the forecast or historical average. Or they may configure their ERP to order more when on hand inventory gets to 2 x the average demand over the lead time for important items and 1.5 x for less important ones.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Forecasting Supply Chain Planning 52

Arkieva

JULY 9, 2020

Stand Alone Inventory Management (SAIM) is the traditional inventory management that immediately comes to mind which includes tasks such as good inventory data and reporting, safety stock, reorder, and measuring the inventory position against KPI.

Inventory Management Software 78

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory 78

QAD

JUNE 25, 2019

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Inventory Turns: This represents the number of times a company sells and replaces its stock of goods during a given period.

Procurement Analytics 105

Procurement Analytics Metrics Inventory Reduction Inventory 105

Supply Chain Game Changer

OCTOBER 14, 2022

Effective inventory management is one of the most important aspects of running a successful business. It can be the difference between having the right products in stock when your customers need them and being caught short. Second, you need to strike a balance between stock-outs and excess inventory. Know Your Inventory Levels.

Inventory Management Software 114

Inventory Management Software Inventory Management Inventory Demand Planning Software 114

SCMDOJO

OCTOBER 7, 2022

Experts wrote many articles emphasizing the importance of Logistics , Logistics optimization, Logistics planning, and Logistics space optimization. What we will cover in this blog. Attribute 5 – Safety related Logistics KPIs. Out of Stock costs = Total lost sales per month / total order received per month. Conclusion.

Optimal Sourcing 109

Optimal Sourcing Logistics Network Optimization Software Logistics Supply Chain Design Software 109

ToolsGroup

MARCH 17, 2020

A few months ago, we highlighted a major theme from Gartner’s Supply Chain Planning Summit in our blog: winners change their mindsets–and accelerate through economic turns. Being able to understand if supply expected from Europe needs to be re-routed and sourced from Asia or South America is important when entire channels become unavailable.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

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. When the ball drops on Times Square to welcome in 2022, the employees at the Port of Long Beach will celebrate moving 9 M TEUs in imports: a 26% increase year-over-year. I expect disruption.

Supply Chain Design Software 424

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

Demand Solutions

SEPTEMBER 14, 2016

In my last blog post , I mentioned that I’d be sharing five steps you can take to start reducing your inventory as soon as this week. In other words, step #2 is to develop a safety stock strategy. How to Develop a Safety Stock Strategy. Why make that kind of investment in extra stock for less-important items?

Inventory Reduction 100

Inventory Reduction Inventory Customer Service Forecasting 100

Demand Solutions

SEPTEMBER 14, 2016

In my last blog post , I mentioned that I’d be sharing five steps you can take to start reducing your inventory as soon as this week. In other words, step #2 is to develop a safety stock strategy. How to Develop a Safety Stock Strategy. Why make that kind of investment in extra stock for less-important items?

Inventory Reduction 100

Inventory Reduction Inventory Customer Service Forecasting 100

Supply Chain Matters

JULY 28, 2023

It is important to note that the existence of large safety stock inventories within producer warehouses, hospitals and healthcare facilities continues to be the buffer mechanisms for these disruptive events. Bob Ferrari © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

North Carolina 52

North Carolina Supply Chain Network Software Manufacturing Procurement Supply Chain Planning Software 52

USC Consulting Group

AUGUST 17, 2021

Here’s a bit of backstory on that, and why we feel Just-In-Time manufacturing will be more important than ever going forward. Since the lead times went through the roof with border shutdowns and other delays, manufacturers stocked up, making sure they had more than they needed to get the job done at any point in time.

Just-in-Time 96

Just-in-Time Modeling Modeling Software Optimization Modeling 96

Arkieva

JANUARY 6, 2017

Over the past year, the Arkieva Supply Chain Link Blog provided thought leadership and informative posts on supply chain strategy tips, trends, and news. Here is a list of the Top 20 Supply Chain Strategy Blog Posts from 2016. So, as I sit down to write this blog, I wonder what are some of the things that make supply chains excellent?

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

SYSPRO Smarter ERP

DECEMBER 19, 2022

IO can help to address the challenges of managing the three forms of inventory: basic stock — what is required to satisfy a demand forecast, seasonal stock — how much should be stored in anticipation of demand increases that occur at certain times in the year, safety stock — how much should be kept aside as a buffer against uncertainty.

Forecasting 105

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 105

ToolsGroup

NOVEMBER 4, 2022

The Disadvantages of Excess Stock. Strategies for Preventing Excess Stock. Excess inventory is the stock remaining on shelves or in warehouses after customer demand for an item has been filled. However you end up with it, no one wants to be stuck with surplus stock, but even large corporations are falling prey to it.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

EazyStock

MARCH 3, 2022

In the early 1980s, just in time supply chain management emerged as a way for businesses to reduce stock levels and only hold items that were needed to fulfill known orders. While increasing stock levels will increase carrying costs and tie up capital, it could still be more profitable in the long run. Using safety stock.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Forecasting 52

QAD

MAY 11, 2023

In this blog, we will discuss why data visibility is so important in supply chain planning and how it can help organizations become adaptive enterprises. This ensures that inventory is available when and where it is needed, which helps to minimize stockouts and reduce the need for safety stock.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Planning Real-time Visibility Scenario Planning 97

SYSPRO Smarter ERP

DECEMBER 19, 2022

IO can help to address the challenges of managing the three forms of inventory: basic stock — what is required to satisfy a demand forecast, seasonal stock — how much should be stored in anticipation of demand increases that occur at certain times in the year, safety stock — how much should be kept aside as a buffer against uncertainty.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 98

BlueYonder

APRIL 14, 2020

To provide insights into the COVID-19 coronavirus pandemic and its impact on supply chains around the world, we are delivering a blog series to help anyone looking for support and advice. We have talked about it for years: the importance of supplier and retailer collaboration.

Retail 81

Retail Supply and Demand Manufacturing Procurement Supply Chain Planning 81

SYSPRO Smarter ERP

JUNE 21, 2022

T he goal is to have the minimum amount of inventory on hand (plus a safety stock) to meet demand. . It is clear from these definitions that having less than the minimum required stock on hand will result in an inability to meet customer demand. appeared first on SYSPRO Blog.

Supply Chain Disruption 105

Supply Chain Disruption Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software 105

ToolsGroup

OCTOBER 12, 2021

Demand modeling systems with attribute-based planning can disaggregate the merchandise plan down to the stock unit and item-location level, forecasting the expected demand that determines the product assortment presented in each type of store. Fashion includes products that don’t move quickly, but are important to profitability.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Optimal Sourcing 156

ToolsGroup

OCTOBER 11, 2016

In a previous blog we described a new concept introduced by Gartner Research about the need for both macro-agility and micro-agility. This is useful and important, but these are also, by definition, unusual and sporadic occurrences that are difficult to predict. What will be the next big event? A typhoon in coastal China?

Supply Chain Risk Management 168

Supply Chain Risk Management Risk Management Agile and Lean Supply Chain Supply Chain Planning Software 168