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

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

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

Locus Robotics

OCTOBER 5, 2023

By Mary Hart The rapid pace of e-commerce growth following the start of the pandemic and the increasing demand for faster product delivery, thanks to the expectations of next day (or even same day) delivery, have elevated the role and importance of warehouses in the supply chain. So, what’s the solution?

Warehousing 98

Warehousing Resource Reduction Expense Reduction Cost Reduction Strategies 98

Supply Chain Shaman

JULY 30, 2022

My question is, “Why?” ” I am a fan of the fiv e why methodolog y to understand the root cause of an issue. Here I want to address the question, “Why is the focus on the basics of supply chain a barrier to adopting new forms of analytics and supply chain processes? Background. Growth requires cash.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

ToolsGroup

FEBRUARY 28, 2023

That’s why we eat, sleep, and breathe innovation and never stop looking for ways to help our customers get the most out of their partnership with us and make their supply chains a force for good in the world. While you might stock a pair of sunglasses by size and/or color, you’ll typically forecast by what model of sunglasses they are.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Modeling Demand Planning Software 156

ToolsGroup

FEBRUARY 23, 2021

That is why we have so-called “best practices” to simplify this challenge. You can actually increase your in-stock rate and decrease inventory at the same time. They may, in fact, have massively different behavior due to many other important parameters that you didn’t consider in your classification. It’s a lose-lose game.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Modeling Optimization Software 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

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

Supply Chain Game Changer

DECEMBER 16, 2021

But with the uncertainty of the stock market and other traditional investments, people are turning to gold for its reliability and ongoing demand. But how you invest is just as important as what you invest. Why Invest in Gold Now? Gold offers safety for your investment portfolio in times of volatility.

Optimal Sourcing 92

Optimal Sourcing How To Just-in-Time Supply Chain Design 92

SYSPRO Smarter ERP

NOVEMBER 10, 2021

Electronics manufacturers are using this technology in various ways, such as cost reduction, product innovation, predictive maintenance, increased efficiency, and improved safety. That is why many manufacturers opt for an ERP system to help them address their challenges. Supplier management. Product development. Inventory management.

Manufacturing Procurement 111

Manufacturing Procurement Electronics Supply Chain Design Software Manufacturing 111

Supply Chain Shaman

FEBRUARY 14, 2022

Despite the deployment of what is considered to be the most mature technologies by the organization, the most important processes–allocation and Available to Promise (ATP)–are largely manual. Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

ToolsGroup

AUGUST 23, 2016

Editors Note: A few weeks ago, we published a blog describing why most CPG companies have hit a demand forecasting ceiling. Why have demand forecasts failed to improve in recent years despite advances in technology? break through that. Near-future means hours or days, depending upon how dynamic your supply chain.

Supply and Demand 120

Supply and Demand Modeling Demand Planning Software Forecasting 120

EazyStock

NOVEMBER 19, 2020

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on time.

Optimal Sourcing 98

Optimal Sourcing Negotiating Skills Inventory Reduction Purchasing Skills 98

ToolsGroup

MAY 24, 2016

Editor's Note: There will be no blog post next week. This is important since complexity is intensifying in most supply chains. This is important since complexity is intensifying in most supply chains. In a blog earlier this year entitled What's wrong with ABC inventory classification?

Supply Chain Segmentation 159

Supply Chain Segmentation Optimal Sourcing Gartner Supply Chain Optimization 159

AB&R

AUGUST 16, 2023

This is why it makes perfect sense to implement more automated and digital processes for inventory and asset management in the chemical industry. You can see all your inventory at a glance, including stock quantities, usage trends, and re-order thresholds.

Asset Management 52

Asset Management Chemicals Supply Chain Design Software Inventory Management Software 52

Supply Chain Shaman

SEPTEMBER 3, 2015

Let me tell you why: Shifts in the Form and Function of Inventory. Let me tell you why: Shifts in the Form and Function of Inventory. I am sitt ing in seat 4E on an evening flight to San Francisco thinking about my day. It is Labor Day weekend in the United States, and the plane is full. This is a series of preparation calls.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

QAD

MARCH 19, 2020

There’s no shortage of viewpoints, and almost everyone can articulate reasons why all the other viewpoints are wrong. There’s no shortage of viewpoints, and almost everyone can articulate reasons why all the other viewpoints are wrong. Weren’t reorder points and safety stock good enough? Implementation: Go live faster.

Innovation 142

Innovation Just-in-Time Inventory Reduction Supply Chain Planning Software 142

EazyStock

JANUARY 31, 2022

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. Inventory management KPIs are important to measure the progress of supply chain objectives and identify areas for improvement. Inventory turnover ratio.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Analysis 52

SCMDOJO

NOVEMBER 17, 2023

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. We also have comprehensive Supply Chain Diagnostic Tools to identify gaps in competencies and help you build them Here are 5 things you can do right now to start a supply chain career: Why Supply Chain is a Great Career Choice?

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 70

Enterra Insights

OCTOBER 11, 2022

Armed with more data than ever before, they’re able to run ‘what-if’ simulations to determine the optimal decision in response to actual market conditions, such as sudden demand shifts or short-term shortages of product.”[2] ”[2] Quasney’s views motivated Robert J. ”[3] His answer, “Not at all.

S&OP 130

S&OP Supply Chain Planning Software Supply and Demand Supply Chain Planning 130

EazyStock

MAY 24, 2019

In both of these cases, customer service levels are negatively impacted by a completely preventable challenge – if only you’d been carrying safety stock inventory! To keep customer service levels high, accurately calculated safety stock inventory is a necessity. 4 Primary Reasons for Carrying Safety Stock.

Inventory 53

Inventory Forecasting Manufacturing Procurement Just-in-Time 53

QAD

MARCH 23, 2023

Not so long ago, the industry saw consumers swapping products they’d been loyal to for years to whichever brand was easiest to come by, and ditching in-store shopping for the convenience, selection and, in the era of COVID-19, the safety online options had to offer.

Manufacturing Procurement 94

Manufacturing Procurement Manufacturing Agile and Lean Supply Chain Purchasing Skills 94

EazyStock

MAY 24, 2019

In both of these cases, customer service levels are negatively impacted by a completely preventable challenge – if only you’d been carrying safety stock inventory! To keep customer service levels high, accurately calculated safety stock inventory is a necessity. 4 Primary Reasons for Carrying Safety Stock.

Inventory 51

Inventory Forecasting Manufacturing Procurement Just-in-Time 51

Demand Solutions

AUGUST 13, 2014

If you’ve known me for longer than five minutes, or if you’ve read more than one or two of my blog articles, you’ve heard me say it before: Improving the way you manage your supply chain can have a dramatic impact on your working capital. And let’s face it—what could be more important than enhancing working capital?

Inventory Reduction 113

Inventory Reduction Inventory Material Savings Cost Reduction Strategies 113

Demand Solutions

DECEMBER 9, 2014

She also writes the enterprise software blog Supply Chain Shaman , and she published a book called Bricks Matter in 2012. She also writes the enterprise software blog Supply Chain Shaman , and she published a book called Bricks Matter in 2012. Snack Brands Australia has reduced its safety stock by 20%. . Yes and no.

Supply Chain Planning Software 187

Supply Chain Planning Software Supply Chain Planning Supply and Demand Scenario Planning 187

EazyStock

JULY 7, 2020

In this blog series we look at how inventory optimization tools , such as EazyStock, can support inventory management teams. Why 30-day Rolling Average Forecasts will Fail. EazyStock does this by analyzing the demand patterns of all your stock items and assigning each of them to one of nine different demand types.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

Enterra Insights

FEBRUARY 16, 2021

Your supply chain software should help you forecast over a wide array of items (fast movers, intermittent, slow movers), across the entire network (even 2 or 3 tier), and provide target inventory levels (safety stock, reorder point, cycle stock). The late President and five-star general Dwight D. It does not really model demand.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 100

EazyStock

FEBRUARY 1, 2021

Simply reacting to market change is not enough, because you may have insufficient stock to meet a surge in demand or even miss out on a trend altogether. In each case the future demand forecasting, replenishment and safety stock calculations need to be treated differently. Here’s why…. This is not true.

Inventory Management Software 52

Inventory Management Software Modeling Optimization Software Inventory Management 52

Supply Chain Game Changer

FEBRUARY 16, 2021

That’s why you need to equip yourself with its stakes and rewards. Investing in cryptocurrency is like investing in a stock market. Money laundering seems to be on the rise, which is why you need to equip yourself with the right safety precautions. It can also apply to cryptocurrency. Create your own investment strategy.

Price Reduction 98

Price Reduction Currency Purchasing Skills eBook 98

ModusLink Corporation

FEBRUARY 24, 2022

It is crucial to understand the problems faced and the reasoning as to why these problems had a big impact amongst Supply Chains across many different companies. These parameters can be established based on safety/stock margins that are a result of product priority and lead times. Step 1: Mobilize. Step 2: Sense.

Modeling 78

Modeling Supply Chain Planning Software Supply Chain Design Software Scenario Planning 78

ModusLink Corporation

FEBRUARY 24, 2022

It is crucial to understand the problems faced and the reasoning as to why these problems had a big impact amongst Supply Chains across many different companies. These parameters can be established based on safety/stock margins that are a result of product priority and lead times. Step 1: Mobilize. Step 2: Sense.

Modeling 78

Modeling Supply Chain Planning Software Supply Chain Design Software Scenario Planning 78

Supply Chain Game Changer

FEBRUARY 22, 2020

A Comprehensive Warehouse Safety Guide! The second element one has to take into consideration is that non-compliance with these norms and safety measures could reveal itself to be dangerous for your employees. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. So without further ado, let´s get right to it.

Chemicals 53

Chemicals How To Training Price Mitigation Strategies 53

Supply Chain Game Changer

NOVEMBER 10, 2018

Guest blog written for Supply Chain Game Changer by Carla Sanz. The second element one has to take into consideration is that non-compliance with these norms and safety measures could reveal itself to be dangerous for your employees. This is when I start explaining that labels are important. 1- Know your chemicals.

Chemicals 43

Chemicals How To Training Price Mitigation Strategies 43

Enterra Insights

OCTOBER 27, 2021

Unprecedented demand for online goods, critical medical supplies and more, coupled with worldwide stock shortages, has left supply chains struggling to keep up with ever-increasing customer needs and expectations. ” Some of the most important supply chain connectivity involves visibility and transparency. Change is never easy.

Supply Chain Transformation 130

Supply Chain Transformation Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 130

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. While every company will agree that this data is VERY important, the lack of standard definition precludes comparison. Business Dictionary.com. This is my goal. The reason is simple.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150