ToolsGroup

FEBRUARY 4, 2020

The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” Excess and obsolete inventory.

Supply Chain Planning Software 232

Supply Chain Planning Software Supply Chain Planning Inventory Reduction Supply Chain Software 232

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Unleashed

AUGUST 29, 2023

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. This article explains what inventory management software is, how it works, and how much inventory management software costs to set up and operate. How does inventory management software work?

Inventory Management Software 52

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

Logistics Viewpoints

MARCH 8, 2021

When companies implement enterprise software solutions, they often label that implementation as being part of their company’s digital transformation. But implementing new software does not digitally transform anything if the people that are supposed to use that software cannot do so effectively. Rather, directions are used.

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 255

Logility

MAY 25, 2023

Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. In a world where customer loyalty is hard-earned, that’s a price no business can afford to pay. Despite these compelling figures, many manufacturers are still wrestling with inventory planning and optimization.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

Unleashed

AUGUST 17, 2021

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software?

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Enterra Insights

JUNE 22, 2022

Tech writer Chris Stokel-Walker ( @stokel ) explains, “Retailers bamboozled by the pandemic now find themselves staring at mountains of unwanted stock.”[3] have slashed prices on non-essential items they stocked up on but shoppers are no longer clamoring for. The likes of Walmart Inc., Target Corp. and Gap Inc.

Inventory Reduction 130

Inventory Reduction Inventory Prescriptive Analytics Software Inventory Management Software 130

Unleashed

MAY 7, 2023

With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Material Savings Inventory 52

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. According to Zebra’s Retail Vision Study , reducing stock-outs and overstocks can lower inventory costs by 10%.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Logility

AUGUST 25, 2020

Poorly implemented demand planning software mis-forecasts demand for branded sneakers. 100M in lost sales and 20% drop in stock price in one year. in inventory write-down and 20% drop in stock value. Service Excellence companies make their primary focus the customer experience. Enterprise software performance.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

ToolsGroup

MARCH 24, 2021

In business one might say that it’s better to set expectations low during a crisis, then be surprised by good outcomes. Overstocks can lead to unacceptable surplus costs and waste; insufficient stock leads to unmet demand and poor service levels. Levent Ozsahin, Managing Partner at Advancetics B.V. My company Advancetics B.V.

Modeling 177

Modeling Supply and Demand Supply Chain Disruption Supply Chain Planning Software 177

SYSPRO Smarter ERP

APRIL 4, 2022

There have been significant waves of disruptions in the supply chain and like other markets and industries that have experienced shifts, manufacturers can turn to technology to overcome challenges and streamline operations. What is Cloud ERP software? According to G2 , 62.7% According to G2 , 62.7% Scalability for supply chain agility.

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Software 105

Supply Chain Game Changer

NOVEMBER 2, 2022

They’re a key part of any business’s operations, but they can also be one of the most vulnerable areas. From a business perspective, it’s no longer enough to simply produce and distribute your products. From a business perspective, it’s no longer enough to simply produce and distribute your products. Manufacturing.

Supply Chain Planning Software 96

Supply Chain Planning Software Risk Management Supply Chain Software Predictive Analytics Software 96

ThroughPut

APRIL 11, 2024

the Industrial AI Supply Chain Analytics and Decision Intelligence pioneer, today announced the launch of new inventory projection capabilities that will enable businesses to predict the future state of their inventories. These insights are then utilized to enhance vendor lead time predictions.

Modeling 52

Modeling Supply Chain Planning Software Inventory Predictive Analytics Software 52

ThroughPut

APRIL 11, 2024

the Industrial AI Supply Chain Analytics and Decision Intelligence pioneer, today announced the launch of new inventory projection capabilities that will enable businesses to predict the future state of their inventories. These insights are then utilized to enhance vendor lead time predictions.

Modeling 52

Modeling Supply Chain Planning Software Inventory Predictive Analytics Software 52

ToolsGroup

JUNE 8, 2018

Paul Lord looks at a wide range of inventory types and recommends tailoring the inventory tactics for each type of product. Think of a bulk chemical manufacturer or oil and gas producer where the key is making supply chain and production choices that shave pennies or even fractions of pennies off unit product cost.

Modeling 197

Modeling Optimal Sourcing Inventory Reduction Demand Planning Software 197

Logistics Viewpoints

DECEMBER 7, 2022

To make matters worse, this situation will worsen when most of the baby boomer generation hits retirement age in the upcoming years. Taking all aspects into account is the only way for logistics companies to have a solid foundation for decision making and holistic optimization. Look at the big picture.

Big Data 250

Big Data Logistics Network Optimization Software Transportation Data 250

Unleashed

FEBRUARY 8, 2024

It gives you the accurate data you need to make the best decisions for your brand, and positions you to meet customer expectations while reducing the cost of doing business. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

Supply Chain Game Changer

SEPTEMBER 15, 2021

Manufacturing SMBs article and permission to publish here provided by Alina Akk. It encompasses several processes such as tracking stock levels, planning production schedules, and liaising with vendors. It encompasses several processes such as tracking stock levels, planning production schedules, and liaising with vendors.

Inventory Management Software 92

Inventory Management Software Manufacturing Procurement Inventory Management Supply Chain Planning Software 92

SYSPRO Smarter ERP

APRIL 4, 2024

Make-to-Order (MTO) manufacturing is the production of specialized or unique one-off products in quantities ranging from one to small production runs. Usually, the final product is a combination of custom manufactured components and standard components. MTO operations bring their own set of unique challenges.

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Supply Chain Planning Software Supply Chain Design Software 52

Unleashed

NOVEMBER 15, 2021

Product customisation is increasingly popular with consumers, putting pressure on businesses to produce goods tailored to a mass audience – which is where mass customisation comes into play. Learn more: The Ultimate Manufacturing Guide: SME Manufacturing Explained What is mass customisation?

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Forecasting Software 98

QAD

MARCH 30, 2023

Manufacturers may not think they have much in common with the retail companies beyond producing the products that stock store shelves, but there could be a lot to learn from the latter as the manufacturing headwinds of the last few years carry into 2023. What is RFID Technology?

Manufacturing Procurement 92

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 92

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. Let’s dive in. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Logility

AUGUST 14, 2020

There are libraries full of algorithms that are relatively easy to implement in software, but the math is only as good as the data it’s applied to. By manufacturer or brand. For example, a category manager wants to track products before and after a promotion, by region and manufacturer. AGGREGATION DIMENSION. DESCRIPTION.

Forecasting 147

Forecasting Forecasting Software Demand Planning Software Modeling 147

Unleashed

OCTOBER 6, 2021

That makes sense – inventory is one of the most capital intensive areas for any product business. Under a VMI system the supplier, usually a manufacturer, is responsible for optimising the level of inventory held by the distributor. This type of audit considers communication lines and product deliveries.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great Supply Chain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel. Driving Sustainable Growth Through Supply Chain Resilience.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Unleashed

NOVEMBER 17, 2021

Many components get used in multiple product types. So when a faulty (or even dangerous) component makes its way into your supply chain, it’s critical that you’re able to identify exactly where everything came from, went to – and what it went in. Serial number tracking – if you’re not doing you probably need to.

Electronics 98

Electronics Industrial Industry Inventory Management Software 98

OptiProERP

SEPTEMBER 21, 2023

Inventory forecasting ensures manufacturers have the proper inventory to meet customers’ needs while minimizing excess inventory costs. With data-driven forecasting tools, manufacturers only need to purchase what they require for a given period.  Let’s look at the benefits of inventory forecasting. 

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 52

ShipBob

DECEMBER 13, 2023

The success of any ecommerce business depends greatly on how it manages its inventory health. However, with this mindset, you run the risk of several issues including overstocking, accumulating dead stock , and additional storage fees. Balanced supply and demand: Ensures stock levels meet customer demand without surplus.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Logistics Viewpoints

AUGUST 15, 2022

Business Spend Management Solutions are Networked . The MSCN market is composed of different types of solutions. One type of solution is business spend management. By ARC’s definition, when a business spend management solution is used for direct procurement it is an MSCN.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Safety equipment There are two types of MRO inventory that fall under Safety Equipment.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Unleashed

AUGUST 30, 2021

Production downtime is not only costly, but common – making it a multi million dollar problem for businesses. Here we examine manufacturing downtime in detail, including what it is, what causes it, and what it can cost your business. What is downtime in manufacturing? What causes unplanned downtime?

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Software Predictive Analytics Software Material Savings 98

Unleashed

SEPTEMBER 30, 2021

We take a look at the potential advantages and disadvantages of a VMI system, and give examples of businesses that have used this method successfully. In the VMI supply chain model, the buyer and vendor have an agreement that the vendor will make inventory, supply and reordering decisions for the products they provide.

Vendor Strategies 98

Vendor Strategies Inventory Reduction Inventory Inventory Management Software 98

Unleashed

MARCH 8, 2023

Choosing the best inventory management software isn’t easy. This guide is designed to inform you which features are most important, the best time to invest in inventory software, and the costs you can expect to pay. When shopping for inventory software, first determine your answers to the following questions. What’s your budget?

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Forecasting Software Demand Planning Software 52

Unleashed

APRIL 6, 2022

Lean manufacturing involves 13 core principles – many more than the ‘five principles’ that are often associated with this popular manufacturing system. The lean concept originally came from manufacturing, but it has gained in popularity and is now used widely across different industries and sectors.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Inventory Management Software 98

Unleashed

MARCH 2, 2022

Here we give you eight real-world examples of how businesses use Kanban, a popular lean tool that’s helped companies in a huge range of sectors improve efficiency – especially those in the manufacturing industry. Kanban came from the same place as the wider principles of lean manufacturing: Toyota.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Examples 98

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. This article looks at the SKU rationalisation process, how to utilise SKU rationalisation analysis for your business, and some essential best practices for implementing it.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52