ToolsGroup

SEPTEMBER 13, 2023

The key lies in high performance inventory. Forward-looking supply chain professionals understand that inventory is not an end in itself; it’s a means – to enhanced customer service, increased profitability, and greater efficiency. What is High Performance Inventory? So what are the nuts and bolts of this process?

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

Logility

SEPTEMBER 1, 2023

Demand forecasting plays a crucial role in business success, as it helps predict customer demand and plan inventory effectively. In this beginner-friendly blog post, I’ll explore how AI can improve demand forecasting and highlight the key concepts that will help you understand this exciting field. Still need more information?

Forecasting 175

Forecasting Forecasting Software Demand Planning Software Modeling 175

AIMMS

NOVEMBER 9, 2020

Let’s explore them briefly in this blog post. For instance, looking at different demand scenarios to find the optimum product-cost-mix, and understanding the implications of demand scenarios in your current supply chain set up. Specifically, we looked at three use cases for scenario modeling using our cloud-based IBP app.

Modeling 406

Modeling Scenario Planning Optimization Modeling Modeling Software 406

ToolsGroup

JUNE 2, 2023

Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. And that’s where real-time perpetual inventory signals come in. Plus, accurate inventory information is the key to optimal decision-making.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

GlobalTranz

SEPTEMBER 11, 2017

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. Siloed Data Must Be United for True Supply Chain Inventory Optimization. Better Inventory Management Needs Complete Control.

Supply Chain Optimization 383

Supply Chain Optimization Analytics Software Optimization Software Inventory Reduction 383

Arkieva

AUGUST 16, 2023

This blog discusses different scenarios that led to the optimization models producing and storing excess inventory. Understand the Factors Behind Inventory Accumulation by Optimization Models with No Demand was first posted on August 16, 2023 at 7:47 am. Please contact me at hyeboah@arkieva.com

Modeling 120

Modeling Optimization Modeling Supply Chain Optimization Modeling Software 120

Supply Chain Shaman

JANUARY 8, 2024

No company in either the household non-durable (consumer goods) or the food manufacturing group beat their peer group on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) for 2013-2022. These are not exhaustive in descriptions, just thoughts to jumpstart your thinking.

Supply Chain Design Software 235

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 235

ToolsGroup

OCTOBER 3, 2023

That’s why we’re excited to announce this blog series on Dynamic Fulfillment 101. Broader Fulfillment Networks: By converting stores into fulfillment centers, your fulfillment network expands exponentially in an instant. Solving for Multiple Objectives: What are your top goals? But it’s not your only business objective, is it?

Optimal Sourcing 156

Optimal Sourcing Optimization Software Network Optimization Price Mitigation Strategies 156

Logistics Viewpoints

APRIL 4, 2024

During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. In this blog, I will discuss the use of AI/ML demand planning for fresh products to help maximize sales and reduce waste. For instance, there was a heatwave last week, so we sold twice as much ice cream.

Supply and Demand 229

Supply and Demand Modeling Demand Planning Scenario Planning 229

Supply Chain Shaman

APRIL 16, 2024

By now, you are probably shaking your head in violent agreement. Focus on improving operating margin, inventory turns, and revenue/employee simultaneously. The goal is to move the supply chain away from a functional cost-based agenda to focus on value (improving margin, inventory, and revenue/employee simultaneously).

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

ToolsGroup

AUGUST 20, 2021

Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.” This is different from problematic ABC inventory classification.

Modeling 317

Modeling Inventory Reduction Inventory Forecasting 317

Stord

APRIL 24, 2024

From improved customer experience to greater inventory planning and forecasting, AI promises to make all of our lives easier and reduce those all-too-common supply chain headaches. Ben Daugherty, Senior Account Executive Smarter Inventory Forecasting Historically, inventory forecasting has challenged most growing brands.

Supply Chain Planning Software 88

Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software Predictive Analytics Software 88

ToolsGroup

JULY 19, 2023

A supply chain digital twin is a complete model of your supply chain that allows you to run what-if scenarios and determine the most efficient use of resources for fulfilling demand. Think of it like a digital puzzle in which all the different pieces of your network and operations click into place. Get the insights you need.

Real-time Visibility 295

Real-time Visibility Supply Chain Planning Software Modeling Scenario Planning 295

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. So, I asked the questions, “Is your data forecastable?

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

ToolsGroup

MAY 16, 2023

With a clear directive and KPIs to measure the real impact of new intiatives, they understand the concrete steps to take next in their global supply chain journeys. More companies are looking to develop and adopt inventory strategies that guarantee high service levels while reducing the overall strain of inventory on working capital.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

AIMMS

MARCH 30, 2020

The next 2-4 weeks are critical to understand the exposure throughout your value chain, take actions to address anticipated shortages , and ensure resource requirements to restart. Understand Exposure . Multiple best/worst case scenarios should be run under different demand conditions to study the impact on your supply chain.

Supply Chain Disruption 348

Supply Chain Disruption Supply Chain Design Software Scenario Planning Supply Chain Planning Software 348

Supply Chain Shaman

SEPTEMBER 10, 2023

I struggled to understand his point, and I am not sure that he was even clear in his own mind, but I remember the conversation. 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. The reason?

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

Supply Chain Shaman

JANUARY 2, 2023

This blog post started a series of telephone calls. In this blog, I try to answer both questions. This blog post may seem a bit basic for some. Starting to understand the issue with multi-tier demand planning? The functions are not aligned and lack a shared understanding of demand management. Definition.

Supply and Demand 358

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 358

Resilinc

MARCH 30, 2021

Part 2: Planning your SCRM program. This is Part 2 of our four-part blog series based on Resilinc’s Ultimate Guide to Supply Chain Resiliency. If your company has a mature and well-function SCRM program, then these blogs can help you validate what you’re already doing and provide ideas for fine-tuning your program.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Planning Material Savings 62

Supply Chain Shaman

APRIL 15, 2020

My last post on the Supply Chain Shaman blog was forty-five days ago. Let’s use your computer as an analogy. Instead, use demand sensing technologies to detect patterns with minimal latency into inventory requirements. As a result, evaluate inventory buffers, location of inventories, and the need for push/pull decoupling points.

Supply Chain Planning Software 427

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 427

ToolsGroup

JULY 6, 2023

Learn more about Seasonal Demand and 7 Ways to Manage It Effectively → Enhanced Misaligned Forecast Value Alert To support increased system transparency, we first looked at ways to help users better understand what the system was telling them and why. Want to master forecasting for all over your products, from introduction to phasing out?

ToolsGroup 276

ToolsGroup Modeling Forecasting Supply Chain Planning Software 276

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

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Balance supply chain risk and resilience with ROI.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

Logility

NOVEMBER 13, 2020

As such, c ausal f orecasting is much more than basing inventory positions and replenishment schedules on shipment data. Rather, it is about leaning into complexities and understanding cause and effect, not playing it safe at the expense of margin. . To avoid this happening , a deeper understanding of causal factors is needed.

Forecasting 246

Forecasting Forecasting Software Supply Chain Planning Software Price Reduction 246

My Office Apps

JANUARY 29, 2024

This blog explores the integration of real-time updates into relevant modules, providing a comprehensive overview of how immediate data entry translates to instantaneous changes throughout the ERP system. Immediate data entry translates into accurate inventory records, reducing the risk of stockouts or overstock situations.

Real-time Visibility 77

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Inventory Management Software 77

Logility

DECEMBER 15, 2023

With the combination of advanced inventory management, modern demand planning, and a finely sales and operations process, F&B businesses can navigate fluctuating customer demands, stringent regulations, and a steady flow of new product launches. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

ToolsGroup

MARCH 15, 2023

ABC inventory classification has been around so long that most planners just assume it’s the only way to segment your inventory. Inventory Management: Inventory Segmentation from the 1960s To understand the shortcomings of ABC inventory classification, we need to understand how it is done.

Inventory Reduction 156

Inventory Reduction Inventory Management Software Modeling Inventory Management 156

QAD

MAY 11, 2023

Data visibility is a critical aspect of supply chain planning that allows organizations to understand and optimize their supply chain operations. With data visibility, organizations can gain a clear understanding of the entire supply chain, which is essential for effective planning and decision-making. appeared first on QAD Blog.

Supply Chain Planning Software 97

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

Logility

NOVEMBER 30, 2023

To truly overcome this common hurdle to adoption, business leaders must understand the difference between Generative AI and machine learning and know which use cases deliver the greatest-possible impact. Five Ways to Kick off Your Journey A structured approach for embarking on a Supply Chain AI journey is essential to a smooth transition.

Supply Chain Planning Software 177

Supply Chain Planning Software Modeling Supply Chain Software Scenario Planning 177

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable.

Inventory Reduction 79

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 79

My Office Apps

JANUARY 22, 2024

Out with the Old, In with the Efficiency: Choose the Right Inventory Management Software for a Profitable New Year As the confetti settles and resolutions take flight, it’s the perfect time to give your business a refresh. But navigating the vast options of Inventory Management Software (IMS) can feel daunting.

Inventory Management Software 84

Inventory Management Software Optimization Software Forecasting Software Supply Chain Planning Software 84

Logistics Viewpoints

JUNE 1, 2021

To achieve this, you identify your potential customers, decide your promotion budget, and select your product to promote. Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep. I most certainly do.

Inventory Management Software 185

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 185

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

Logility

MARCH 12, 2021

Descriptive, predictive and prescriptive analytics should be combined to optimize your demand planning processes. To really exploit your new data to gain an advantage, you need a clear analytical plan, specific metrics tailored to your situation, and an understanding of what analytics and reporting will help you the best.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

QAD

FEBRUARY 20, 2024

This is especially important if there are penalty clauses in your contracts. Then there is the procurement of replacement materials / inventory. The Benefits of Process Intelligence Process Intelligence allows you to clearly see how your processes are really working every day — not how you assume they work.

Manufacturing Procurement 96

Manufacturing Procurement How To Material Savings Supply Chain Design Software 96

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