ToolsGroup

DECEMBER 16, 2021

By understanding inventory needs from a financial perspective, including revenue and margin, retailers gain insight into their open-to-buy process and, as part of their merchandise financial planning, ensure the organization will not overspend merchandising budgets. Improve Inventory Flexibility. What is an open-to-buy ?

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

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

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

Supply Chain Game Changer

APRIL 30, 2020

This blog is the first in a two-part series where Veridian, a supply chain technology implementation company, will share the top 19 warehouse KPIs that track performance in the following areas: Internal Operations Staffing Suppliers Customers. It is calculated by dividing the cost of goods sold by the average inventory for a given timeframe.

Warehousing 72

Warehousing Supply Chain Planning Software Inventory Reduction Supply Chain Software 72

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. Perfect Order Performance : It is often represented as a ratio that indicates measured change against a base change value for each measured process.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

Veridian Solutions

MARCH 10, 2020

This blog is the first in a two-part series where Veridian, a supply chain technology implementation company, will share the top 19 warehouse KPIs that track performance in the following areas: . Internal Operations—Inventory Turnover Ratio: The inventory turnover ratio allows companies to manage fluctuating inventory throughout the year.

Warehousing 64

Warehousing Supply Chain Planning Software Inventory Reduction Metrics 64

Logility

MAY 7, 2020

and up to date transaction data (order status, inventory positions, shipment tracking, etc.) Hiring managers continually say there is a “War for Talent” driving increased salaries, benefits and turnover rates for supply chain professionals. 3 This ratio is only going to increase in 2020 and beyond as baby-boomers retire.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Scenario Planning 195

EazyStock

FEBRUARY 26, 2020

Stock Availability – A Common Inventory Management Challenge. As small- and mid-sized businesses (SMBs) try to remain competitive, many are coming up against inventory management challenges. In this three-part blog series we’re looking at three of the most common inventory management issues faced by stock holding companies.

Modeling 52

Modeling Inventory Management Software Forecasting How To 52

EazyStock

JUNE 21, 2019

We have gone from manual to automated purchasing of our inventory, which consists of more than 2000 SKUs. Now we have it all automated with EazyStock which has allowed us to get better control of our inventory, particularly seasonal items. We basically had too much non-moving stock and the turnover ratio was really low.

Supply Chain Software 61

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 61

EazyStock

JUNE 21, 2019

We have gone from manual to automated purchasing of our inventory, which consists of more than 2000 SKUs. Now we have it all automated with EazyStock which has allowed us to get better control of our inventory, particularly seasonal items. We basically had too much non-moving stock and the turnover ratio was really low.

Supply Chain Software 49

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 49

Supply Chain Shaman

MARCH 3, 2013

It was called multi-enterprise inventory optimization. In the beginning, the inventory management solutions of LogicTools , Optiant and SmartOps pushed to take operations research to a new level through supply chain optimization. For more on this announcement reference the Supply Chain Shaman blog post, Third Time the Charm?

Supply Chain Planning Software 212

Supply Chain Planning Software Modeling Optimization Software SAP 212

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. The Importance of Improving your Inventory Turnover. Prioritize your inventory.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Optimization Software Price Mitigation Strategies 59

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

GlobalTranz

JANUARY 5, 2018

According to research from Willis Towers Watson, over a quarter of employees are at a high risk for turnover. Start by automating your processes with a CRM system to collect all of the information on your leads, sales funnels, opportunity to close ratio among other areas. Megan is also the editor of Schooled By Science.

Pricing Training 207

Pricing Training Manufacturing Buyer Training Purchasing Training 207

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

ShipBob

APRIL 13, 2021

reorder more inventory sooner if you’re selling through it quicker than your inventory forecasts estimated). COGS = Beginning inventory + Purchases during the period – Ending inventory. Note: You can slice and dice your site traffic to view individual pages, traffic on your blog posts, and more. Shipping fees.

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

Unleashed

JULY 23, 2020

Inventory reporting is the pits, right? The pits, as in, no one has ever said “ I wish my inventory reporting wasn’t over for this month! ”. Or “ I really fought to keep inventory reporting in my role – I love that part. ”. Not reporting on inventory? Taking a step back for a moment: what is inventory reporting?

Inventory Reduction 64

Inventory Reduction Report Inventory Metrics 64

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

EMERGE App

DECEMBER 12, 2023

For inventory management, in particular, we’ve seen how cloud apps such as EMERGE are equally at home managing the inventory of artisanal handmade jewelry, exotic car parts, and even industrial chemicals. Here, we’ll show you how EMERGE manages raw materials and finished products as used in the construction inventory management.

Inventory Management Software 52

Inventory Management Software Inventory Management Procurement Solutions Inventory Reduction 52

KEPLER Consulting

OCTOBER 18, 2017

On Negotiation preparation, best practices show that having a standard blusheet per supplier centralizing key figures (turnover, rebates, item price evolution vs cost index evolution…) helps buyers to be better prepared for negotiation rounds. #3 3 Link processes & tools to organization.

Purchasing Skills 60

Purchasing Skills Negotiating Skills Optimal Sourcing Sourcing Strategies 60

ThroughPut

MARCH 6, 2024

Robots have helped efficiently sort, pick, and pack inventory, considerably speeding up order fulfillment. It is also increasing the ability of businesses to be proactively responsive to frequent disruptions, while ensuring continued inventory and network optimization – a key requirement for business survival and growth.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Inventory Reduction Cost Reduction Strategies 52

DAT Solutions

JANUARY 2, 2018

Here's evidence of the ongoing trend, in two years of load-to-truck ratios, spot market rates, and contract rates for van freight: Load-to-truck ratios and rates declined steadily throughout 2015 and into the middle of 2016. We've written a lot about ELDs on the DAT blog , and in our ELD Survival Guide , so I won't go into detail here.

Los Angeles 70

Los Angeles Houston Freight Capacity 70

Supply Chain Shaman

SEPTEMBER 20, 2013

An IBM surveys report that 51% of companies are seeing an increase in turnover of supply chain leaders. There is currently a 9:1 demand to supply ratio for supply chain graduates, and the skill level of new hires cannot stretch to fill the missing mid-management gaps. Blog Posts: Supply Chain Talent: The Missing Link in Your Future?

Supply Chain Planning Software 315

Supply Chain Planning Software Resource Reduction Inventory Reduction Price Mitigation Strategies 315

Arkieva

DECEMBER 7, 2016

For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Inventory, together with receivables, are essential components of the cash-to-cash cycle time.

Optimization Software 60

Optimization Software Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 60

EMERGE App

NOVEMBER 28, 2018

Use Inventory Forecasting. Restocking your best selling product lines at specific re-order points requires the use of inventory management software. Inventory forecasting need not be rocket science. In fact, we have another blog post on how to forecast your inventory levels. This is sales divided by your inventory.

Purchasing Skills 45

Purchasing Skills Price Reduction Portland Inventory Reduction 45

Arkieva

JULY 27, 2016

Examples of business objectives include: Reducing inventory costs. So for instance, looking at the objective of reducing inventory costs, you would have to determine why you have the inventory costs that you currently have. Going back to the inventory example, KPIs that could be measured include: Inventory to Sales Ratio.

Supply Chain Planning Software 60

Supply Chain Planning Software Inventory Reduction Cost Reduction Strategies Waste Reduction 60

EMERGE App

OCTOBER 9, 2019

We wrote a blog post about dealing with seasonal inventory not long ago. You want to make sure that you have enough inventory to avoid stock-outs. Having idle inventory lying around means a greater risk of obsolescence, theft, and damage. Secondly, start reducing your inventory the right way.

Purchasing Skills 40

Purchasing Skills Inventory Reduction Modeling Forecasting 40

EMERGE App

DECEMBER 11, 2018

The act of doing a complete warehouse audit is beyond the scope of a single blog post. Thus we audit warehouses and inventory for a couple of reasons. You could very well have a state of the art inventory management system with a designer warehouse. Turnover and training can also be another way to assess your workforce.

Warehousing 45

Warehousing Inventory Management Software Pricing Training Purchasing Skills 45