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

ModusLink Corporation

FEBRUARY 9, 2022

Inventory Management has always played a key part in any successful Supply Chain. Correctly managing inventory levels helps companies to swiftly adapt to unpredictable changes within the marketplace. These issues can often perpetuate themselves into a strong negative cycle. Inventory Management. from [link].

Inventory Management Software 78

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 78

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

NC State SCRC

APRIL 14, 2020

Since I last wrote about the subject of shortages of grocery items on WRAL and on our video blogs , there has been considerably more concern about what is happening to the food supply chains. Why are there few inventories in the store? The most important takeaway is that we are not have a shortage of food or paper products!

Inventory Reduction 87

Inventory Reduction Brazil Food Manufacturing Procurement 87

Supply Chain Shaman

AUGUST 1, 2013

At break, after sharing research on the principles of becoming market driven, I was relaxing with my coffee when I heard a person softly say, ” I am sorry to be so dumb, but I don’t think that I understand the concepts of becoming market driven … or the differences between market driven and demand driven. ” It is ok.

Modeling 229

Modeling Supply and Demand Supply Chain Design Software Optimal Sourcing 229

DynaSys

JANUARY 15, 2021

Also, newly recruited team members will have to understand the S&OP plan and process. Indeed, it is important for every collaborators to understand the many business processes involved in the S&OP plan. The post S&OP: A 7-Step Business Process appeared first on QAD Dynasys Blog. Develop Demand Plan.

S&OP 52

S&OP Supply and Demand Forecasting Material Savings 52

Supply Chain Shaman

JULY 22, 2016

Demand is seen as a fixed set of numbers, and as a result, the team’s focus is on numbers without understanding the drivers of the markets. In organizations, there is a better understanding of supply than demand flows. This understanding evolves in steps. Traditional supply chain processes are supply centric.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

Supply Chain Shaman

JULY 3, 2015

Inventory Turns (15%) (based on 2014 results). This year, I want to ask readers to not perpetuate a HOAX. The foundation to drive meaningful improvement is reliability in driving results at the intersection of costs, inventory and customer service. Analyst rating 25% (Gartner analysts rank the companies on the list.).

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

Supply Chain Shaman

OCTOBER 20, 2012

Here is the list: Supply chain technology implementations have reduced inventory. Here I share insights on my journey to understand the truth. For some absurd reason, that I don’t quite understand, I have a passion for supply chain. Here they are: The Lie of Inventory Reduction. Most were surprised at the answer.

Inventory Reduction 262

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 262

ThroughPut

APRIL 20, 2021

Artificial Intelligence In Inventory Management – How To Optimize Your Warehouse Inventory Management. Why is optimizing Warehouse Inventory Management a need of the hour? Inventory management involves creating a balance between demand and supply with the right amount of stock at the right place, at the right time.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Optimization Software 52

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. Understandably, it puts you in a vulnerable spot.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

BlueYonder

OCTOBER 31, 2013

In Part 1 of this blog Mike covered the biggest challenges they face today and in the future. And then on the inventory side, I need to have much better discipline around managing perpetual inventory such that if I expose that to the online shopper, I have confidence what I am showing them, in fact, is reflective of what is in the store.

Food 61

Food Retail Inventory Reduction Supply Chain Design Software 61

Supply Chain Shaman

AUGUST 11, 2016

I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. I am enlisting their support to share their stories in podcasts, blog posts and at the Supply Chain Insights Global Summit on September 6-9. To be a collaborative trading partner, build a good perpetual inventory signal.

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Oracle SCM

NOVEMBER 15, 2016

This blog post was co-authored by Lionel Albert, Oracle's Senior Director EMEA, Manufacturing and Supply Chain Planning. Research conducted recently by the National Retail Federation (NRF) found that the top three issues hindering 2015 holiday sales were poor inventory control, promotional issues, and poor planning.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 60

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

EMERGE App

MAY 28, 2019

Here, we’ll start by covering what reducing your inventory means. Then we’ll summarise some inventory holding costs that you might not know about. Finally, we’ll cover 5 ways that you can take to sensibly reduce your inventory now. What Does Reducing Your Inventory Mean? What Are Inventory Holding Costs?

Inventory Reduction 45

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 45

Logility

DECEMBER 7, 2023

It’s much like understanding the changing needs of a product over time. Recognizing and applying these varied methods is essential for accurately predicting demand, helping to prevent practical issues such as inventory mismanagement or missing out on sales opportunities. This helps in preparing for varied demand scenarios.

Forecasting 193

Forecasting Modeling Forecasting Software Supply and Demand 193

Locus Robotics

FEBRUARY 12, 2024

I understand that transforming your warehouse operations from manual processes to automated can be scary if you don’t know much about it. With AMRs, you can easily scale up your fleet to meet seasonal spikes or inventory swells. This real-time analytics allows optimizing workflows perpetually rather than blind automation.

Warehousing 52

Warehousing Retail Analytics Software Predictive Analytics 52

Locus Robotics

FEBRUARY 12, 2024

I understand that transforming your warehouse operations from manual processes to automated can be scary if you don’t know much about it. With AMRs, you can easily scale up your fleet to meet seasonal spikes or inventory swells. This real-time analytics allows optimizing workflows perpetually rather than blind automation.

Warehousing 52

Warehousing Retail Analytics Software Predictive Analytics 52

Logility

NOVEMBER 17, 2023

Conquer Intermittent Demand with Stochastic Replenishment Planning Industrial durables companies face the perpetual challenge of managing items with intermittent demand patterns. These items often exhibit sporadic and unpredictable fluctuations in demand, making traditional inventory management methods less effective.

Modeling 204

Modeling Scenario Planning Supply and Demand Demand Planning Software 204

ToolsGroup

JULY 19, 2023

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. In short, they help users make better decisions, much faster, resulting in improved financial performance, inventory efficiency, and customer satisfaction. Get the insights you need.

Real-time Visibility 295

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

Unleashed

NOVEMBER 26, 2023

Unleashed software is an inventory management system that helps businesses be more efficient in their daily operations. It does this by centralising and streamlining many of the tasks involved in managing inventory stock. Because Unleashed is a perpetual inventory system, it updates your stock levels in real time.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Optimization Software 52

DELMIA Quintiq

APRIL 17, 2018

Planning using one system brings demand, supply and inventory planning together, which offers visibility across your supply chain. They will have: Instant visibility into the perpetual inventory. Precise access to the alternative cut path’s potential inventory. Offer high service levels while keeping inventory levels low.

Inventory Reduction 136

Inventory Reduction Price Reduction Supply Chain Planning Software Agile and Lean Supply Chain 136

DELMIA Quintiq

AUGUST 15, 2022

DELMIA’s Virtual Twin Experience is one such solution, and in this blog we will address 3 key questions about this technology: What is “Virtual Twin” Technology? Manufacturing & Operations Extend the digital thread to the shop floor Reduce waste, inventory & cycle times to improve productivity and quality.

Optimal Sourcing 156

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

Logistics Bureau

JULY 18, 2022

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. Another thing we talk about quite often on our blog is how companies often misjudge the needs and preferences of their customers. Inventory levels. Delivery service levels.

Inventory Reduction 88

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 88

Arena Solutions

JUNE 11, 2020

R 0 of 3: Corrective action requires update to multiple product spreadsheets for product line variants with a rework plan for current inventory and new supplier part cut in. In this example, the error gets perpetuated to 10 product assemblies, resulting in an undercalculation on cost of goods at volume. 1] Levy, S. 2014, October 24).

Eliminating Excel in Purchasing 53

Eliminating Excel in Purchasing Forecasting Software Cost Reduction Strategies Forecasting 53

OptiProERP

OCTOBER 23, 2019

But reliance on QuickBooks and other stand-alone solutions perpetuates the creation of information siloes. I understand the hesitancy management feels but I also understand the desire on the part of management to sustain growth, scale, and streamline processes which is where ERP comes in. It’s a logical next step.

Analytics Software 40

Analytics Software Modeling Software Inventory Management Software Forecasting Software 40

Logistics Bureau

OCTOBER 31, 2016

If your company doesn’t get this part right, you can experience high labour costs, inventory shrinkage, damage, and supply chain bottlenecks that impact customer service. Inventory Management in the Warehouse. Inventory management begins with sourcing and cuts across purchasing and logistics functions.

Supply Chain Design Software 40

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Supply Chain Strategy 40

Supply Chain Shaman

NOVEMBER 20, 2014

This blog was started in 2010. Today, 270 posts and five years later, I am thankful for the opportunity to sit at my kitchen table and communicate to almost 20,000 supply chain professionals globally (directly through this blog and through connections on Linkedin). This is the goal of this blog post. I am giving thanks.

Analytics Software 293

Analytics Software Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 293