ToolsGroup

APRIL 13, 2020

If you do the math there, you have to make 748,000 inventory decisions per month. So our main task now is to consolidate all the purchase and inventory decisions in one team. We had to transfer and move inventories from one place to another, trying to save them as much as possible. Decisions were made within 24 hours.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Optimization 296

ToolsGroup

DECEMBER 2, 2021

To make matters worse, traditional demand forecasting solutions weren’t designed for high variability demand. Inventory mixes and service levels get out of balance across the network—and out of line with business objectives. Download our ebook: Demand Forecast Is Why You Need to Adopt a Service-Driven Supply Chain Strategy.

Inventory Reduction 156

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 156

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

Inventory Management Software 122

Inventory Management Software Inventory Management Inventory Reduction Sourcing Strategies 122

Supply Chain Shaman

JULY 12, 2013

Why Does It Matter? Define what agility is, what it can do for your organization, and show why it matters. Focus on improving corporate performance—profitability, cycles, revenue growth, customer service and forecast accuracy—against the supply chain strategy. Let me know what you think of the blog.

Supply Chain Design Software 263

Supply Chain Design Software Supply Chain Planning Software Modeling Modeling Software 263

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

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Logility

FEBRUARY 14, 2018

With increasing frequency, I have noticed blog posts touting the position that ‘demand planning is dead.’ ’ Why? Proponents for getting rid of demand planning claim that if you base production on actual customer demand at the point of consumption, you can eliminate or minimize static inventory.

Supply and Demand 119

Supply and Demand Demand Planning Demand Planning Software Supply Chain Planning Software 119

Talking Logistics

JUNE 23, 2016

Whether we like it or not, every company on the planet with any significant supply chain operation has an inventory reconciliation problem. It doesn’t matter if you are a retailer, manufacturer or logistics service provider, or if you have the latest and greatest warehouse management system. Why not 100%? Why should we care?

Inventory Reduction 101

Inventory Reduction Supply Chain Network Software Optimization Software Demand Planning Software 101

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Armed with in-depth insights into procurement, inventory management, supplier performance, order management, fulfillment, and more, companies can improve their processes and better manage challenges that arise within their businesses with supply chain analytics.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Shaman

APRIL 15, 2015

So, why would a company deploy a solution that is more costly, with a longer time to value, to drive lower satisfaction ratings by the planner? So, why would companies implement solutions that cost more, were longer to deploy, and had lower user satisfaction? The phone calls to review factual accuracy will be tough.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 150

Supply Chain Shaman

JULY 19, 2015

Writing a Shaman blog post is now a Sunday night ritual. When readers finish a Supply Chain Shaman blog, I want to drive a set of unique takeaways. However, for elements like forecast error, customer service and slow-moving inventory self-reported data is not sufficient. It mattered more to the organization.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

Kinaxis

APRIL 2, 2015

Rejano asks ‘So why does technology even matter when supply chain principles haven’t really changed in decades?” Push strategies work when demand is predictable, but there are challenges when forecast accuracy is poor, whether due to the customer’s ever-changing mind or a failure in your own S&OP. Higher inventory.

Inventory Reduction 100

Inventory Reduction Waste Reduction Cost Reduction Strategies Material Savings 100

Supply Chain Shaman

OCTOBER 22, 2015

Why do we do this? We think that it matters. The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Inventory Supply Chain Planning Software 150

Enterra Insights

JUNE 11, 2019

Every business person who deals with inventory management is involved in a balancing act. Keep too little inventory on hand and you risk losing sales and, on occasion, customers. Keep too much inventory on hand and the costs add up resulting in lower profits. Omnichannel operations exacerbate inventory management complexity.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Reduction Inventory 100

Enterra Insights

OCTOBER 20, 2020

Even before the pandemic struck, subject matter experts insisted the logistics arena required more digitalization and more automation. Provides greater data accuracy for operational execution, analytics, and reporting. Optimizing Inventory. 2] Julie Clements, “ Why Digitize Supply Chain Logistics? Footnotes. [1]

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Planning Software Analytics Software Supply Chain Software 100

Enterra Insights

NOVEMBER 24, 2020

This is what I have read in many articles and blogs, but just changing what you have done in the past is woefully inadequate. That’s probably why Tompkins is stressing reinvention. It’s very transactional, and people are so busy doing digital they don’t even know WHY they are doing it in the first place! ”[3].

Supply Chain Planning Software 100

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning 100

BlueYonder

JUNE 14, 2021

IHL’s latest report on the future of grocery shows some hard lessons learned from the 2020 disruptions, especially when it comes to inventory accuracy. Let’s take a closer look at why these technologies matter. It matters what grocers can do with the information. It’s not enough to have accurate demand predictions.

Supply Chain Planning Software 56

Supply Chain Planning Software Inventory Reduction Supply Chain Software Modeling 56

E2open

NOVEMBER 30, 2017

With that in mind, the aim of this blog is to confirm or dispel these myths and set the record straight. Of course, demand sensing can also use customer data, such as point of sale, store inventory or warehouse withdrawals. Myth #2: “Our forecast accuracy is already great – more than 80% – so there is no need to improve it.”.

Supply and Demand 60

Supply and Demand Demand Planning Software Modeling Forecasting 60

Supply Chain Shaman

MARCH 6, 2015

We wanted to see which companies were driving the fastest rate of improvement on the supply chain metrics that matter. Note that they are pushing progress faster than their peer group and outperforming in all areas except inventory turns. One example was the journey to improve forecast accuracy. The CEO is very supportive.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 150

Supply Chain Matters

APRIL 5, 2022

In this special edition of Supply Chain Matters This Week in Supply Chain Technology , we highlight announcements made by B2B Industry Specific Network provider TraceLink. Supply Chain Matters Perspectives. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. Bob Ferrari.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software Predictive Analytics Software 52

QAD

MARCH 28, 2019

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Forecast Accuracy. It’s easy to meet delivery expectations if you carry excess inventory, but it’s an expensive and impractical solution. Order Costs.

Customer Service 80

Customer Service Metrics Forecasting Forecasting Software 80

Supply Chain Game Changer

SEPTEMBER 22, 2022

That’s why you need automated tools to help you get the job done effectively. High-quality procurement software can be used for everything from Inventory management to budgeting. Spend visibility is a pretty big deal when it comes to procurement or any type of invoicing management for that matter. Why is this so important?

Procurement Solutions 101

Procurement Solutions Supply Chain Software Inventory Management Software Optimal Sourcing 101

Supply Chain Game Changer

FEBRUARY 11, 2021

But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. What is the Accuracy of the Model? What is the Accuracy of the Outcomes? AI Model Construction & Accuracy. Accuracy is critical and, in many cases, dependent upon the training data set itself.

Procurement 93

Procurement Modeling Software Analytics Software Supply Chain Network Software 93

ThroughPut

FEBRUARY 2, 2024

In this blog, we’ll delve deeper into the potential of advanced supply chain analytics and understand why it is the need of the hour. Whether it’s choosing optimal shipping routes, adjusting inventory levels, or setting production schedules, it leverages predictive insights to recommend the best course of action.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Supply Chain Shaman

JANUARY 14, 2013

In part one of this blog series, I started the saga of the supply chain fairy tale. ERP is valuable to improve transactional accuracy, but I can find no evidence that investments in ERP have reduced inventory or improved cash-to-cash cycles. Multi-tier inventory optimization was a fad in the last decade.

Supply Chain Planning Software 259

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 259

Supply Chain Shaman

JULY 22, 2016

Why is this? This includes: new product launch forecasting, seasonal inventory targets, demand affinities, push-based inventory strategies, demand shaping activities (price, promotion, run-out strategies, sales incentives, trade incentives), and turn-based volume. Why does the order not represent true demand?

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

GlobalTranz

JULY 12, 2016

In today's blog post we will go over five key areas those managing or directing company warehouses can focus on to achieve reaching your desired outcomes. Reduce inventory with cross-docking or use Kanban pull systems. Target inventory accuracy: goal: 98-100% accuracy daily. Improve processes daily.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

crisp

DECEMBER 15, 2021

Why is data so critical in supply chain management? But on the other hand, retailers also want to maintain a low average inventory to avoid excess costs. It’s now a matter of aligning on what the process should be and the best actions to take. For more industry best practices, subscribe to the blog.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Vinculum

MARCH 25, 2021

That’s why the five foundations of a successful and profitable warehouse are: Customer Service, Efficiency, Automation, 3PL Partnership and Speed to Market. Running a warehouse or manufacturing operation requires a constant balance of managing inventory, performance, complexity and more. Let’s face it. Cost Efficiency.

Warehousing 52

Warehousing Material Savings Cost Reduction Strategies Inventory Reduction 52

BlueYonder

OCTOBER 12, 2017

You may be wondering why the number of raspberry gourmet coffee boxes Kroger has in their inventory at their store in rural Georgia even matters, but it does and here’s why: Inventory management is a critical part of every company’s supply chain and is a large part of the operating costs in all industries.

Modeling 40

Modeling Optimization Software Optimization Modeling Supply Chain Optimization 40

Supply Chain Shaman

NOVEMBER 29, 2015

I have written several blogs on what I think that the third act will look like.). Why Should you Care? As a result, while this blog post is on a technical subject, I will try to stay out of the technical jargon; and as a result, some software experts may find this analysis incomplete. A Look at History. They index.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 0

ThroughPut

MAY 13, 2022

Demand planners also participate in inventory optimization , ensuring availability of products, while always monitoring the gap between projections and actual sales. Data sources: To forecast demand, statistical techniques use past data – which is why statistical forecasting is also often referred to as historical.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 13, 2022

Demand planners also participate in inventory optimization , ensuring availability of products, while always monitoring the gap between projections and actual sales. Data sources: To forecast demand, statistical techniques use past data – which is why statistical forecasting is also often referred to as historical.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Supply Chain Game Changer

JULY 15, 2021

The time it takes to complete each element of your supply chain affects your inventory planning and cash flow. Suppose you want to facilitate shorter customer times while following lean business management principles and using just-in-time inventory management. Why is a shorter lead time important? Lead time variability.

Inventory Reduction 98

Inventory Reduction Material Savings Price Reduction Manufacturing Procurement 98

ToolsGroup

MAY 21, 2020

Improve forecasting accuracy to anticipate promotional uplift and subsequently raise service levels. Thus ensuring we had the right inventory in the right place at the right time to satisfy our customers’ needs.“ That’s why global leaders like Absolut, BP and Harley-Davidson continue to rely on us year after year.

ToolsGroup 31

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 31

Supply Chain Game Changer

OCTOBER 24, 2019

Inefficiencies in the form of inaccurate inventory, slow restocking, under-performing technology and others could cost you millions per year if not addressed, but identifying them can be its own costly challenge. Boost Inventory Accuracy. Why is this such a big deal, you ask? Make Your Process Predictable.

Optimization Software 49

Optimization Software Warehousing Analytics Software Predictive Analytics Software 49

FLEXE

OCTOBER 6, 2017

Shipping accuracy is now a critical part of the buying experience for shoppers. That’s why a lot of eCommerce retailers are looking at new solutions to expand fulfillment networks and improve the last mile of delivery. . YOU MIGHT ALSO LIKE: Blog: Why Your Delivery Promise Matters. The New Last Mile.

New York City 57

New York City Agile and Lean Supply Chain Supply Chain Design Software Modeling 57