Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

QAD

JULY 1, 2021

Total manufacturing costs showcase how much your company spent to produce its inventory in a given period of time. This is not to be confused with the cost of goods manufactured (COGM), which refers to just the cost of inventory that was finished and prepared for the sale in the period. Notice that it’s direct materials.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

Logistics Viewpoints

MAY 19, 2022

Technical innovations can also impact supply chains, which is why many turn to supply chain planning solutions, which are designed to be trade-off machines. Work planners previously did manually can be calculated by software. But advances in this area have two limitations – the software itself and our ever-changing world.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

GlobalTranz

SEPTEMBER 23, 2021

Capacity Constraints Continue to Arise. Capacity constraints continue to come under microscope as shippers look for a better understanding to the state of the market. Top causes of capacity constraints include: . Capacity constraints within truckload and parcel have led to spillover within the LTL market.?

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Logistics Viewpoints

MARCH 27, 2023

Solvoyo’s Solution Bugaboo: something that causes fear or distress out of proportion to its importance. Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Would better forecasting accuracy be a good thing? Absolutely!

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

ThroughPut

MAY 20, 2021

Introducing ThroughPut Capacity Planning Module: Optimize Your Capacity Plans With The Power Of AI. Moreover, it has re-surfaced the importance of capacity planning and utilization based on the ever-changing demand-supply dynamics. Signaling risks in a capacity shortage where certain products may not be in actual demand.

Supply Chain Planning Software 40

Supply Chain Planning Software Scenario Planning Capacity Optimization Software 40

ThroughPut

MAY 20, 2021

Introducing ThroughPut Capacity Planning Module: Optimize Your Capacity Plans With The Power Of AI. Moreover, it has re-surfaced the importance of capacity planning and utilization based on the ever-changing demand-supply dynamics. Signaling risks in a capacity shortage where certain products may not be in actual demand.

Supply Chain Planning Software 40

Supply Chain Planning Software Scenario Planning Capacity Optimization Software 40

Logistics Viewpoints

DECEMBER 14, 2021

Inventory Optimization. Inventory Optimization involves decisions about the inventory level, the location, and the mix of products. And after that, I have to decide how much avocado inventory I have to hold, so I never have stock-outs or excess waste. How much capacity do I require?

Supply Chain Planning Software 193

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 193

Unleashed

AUGUST 16, 2023

Goods available to be purchased on backorder can mean the difference between a lost sale and a satisfied customer. If you’re new to order fulfilment and inventory management , you’ll need a firm understanding of the backorder process. The inability to purchase out-of-stock goods will usually send a customer elsewhere.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

Silvon Software

MARCH 3, 2023

Having a strong Sales & Operations Planning (S&OP) strategy ensures that your forecasts, raw materials availability and production capacity all match up and that the factory floor can meet its defined deadlines. Delivery metrics can vary in terminologies, measurement methods, and variables from one company to the next.

S&OP 102

S&OP Procurement Analytics Supply and Demand Analytics Software 102

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Optimize spare part inventories. Computer-Aided Design Processes.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

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. The solution? Unsold products on store shelves.

Predictive Analytics Software 59

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

OptiProERP

MARCH 15, 2022

The production schedule helps keep workers and machines at capacity. Instructions may include the design of the product, information on how to use certain tools, and more production information. Look at the three ways production scheduling within ERP software helps manufacturers improve business growth: 1. Connectivity.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

Unleashed

AUGUST 20, 2023

For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier. There are many definitions for lead time in supply chain management.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

ThroughPut

MARCH 27, 2024

Every aspect of operations, be it managing the inventory, forecasting demand or fulfilling orders was dependent on human wisdom and intuition. Besides, AI is helping retailers optimize inventory, warehouse and pricing. Every decision was based on data generated and analyzed by humans.

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. It includes tasks such as managing inventory, packing and shipping customer orders, and processing returns. Procurement and purchasing Before goods can be sold and delivered to customers, they must be produced, acquired, and prepared for sale.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

ThroughPut

DECEMBER 8, 2023

In the context of supply chain management, prescriptive analytics leverages raw historical data and performance data to determine the best probable courses of action, supporting supply chain decisions through network design, inventory and warehouse optimization, and supplier management.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. The solution also promotes collaboration.

Customer Service 192

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 192

Kinaxis

MARCH 9, 2015

Your ERP system has the capability to do rough cut capacity planning. Well, yes, rough cut capacity planning is better than nothing and it can give you some hints as to where problems might be. Remember that problem we had above with the capacity at a different plant with a different ERP system. And then it’s too late.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Modeling Software Analytics Software 100

Unleashed

NOVEMBER 2, 2023

It is the process of determining future demand for products, how those products will be manufactured to meet that demand, and the manufacturing metrics that will measure success. A production schedule helps significantly in reducing manufacturing costs and improving the efficiency of your manufacturing inventory management.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

ToolsGroup

SEPTEMBER 22, 2020

Surveys have shown that consumers are 71% more likely to make a purchase based on social media referrals, and 47% of millennials’ purchases are influenced by social media1. That means there are many companies out there struggling to make sense of constantly shifting demand data and to make smart inventory optimization decisions.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

Supply Chain Shaman

OCTOBER 8, 2019

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. The organization, tightly capacity-constrained failed to forecast and build capacity ahead of market demand. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

ThroughPut

MARCH 24, 2024

Conditions of erratic demands, long-period metrics, and unavailability of raw materials have brought forth a plethora of problems: Trouble managing capacity with high peaks and troughs in demand for goods, capacity management has become a key concern. Excess inventories lead to excess wastage.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

ThroughPut

AUGUST 18, 2023

For instance: How much working capital can be freed up with 5% reduction in inventory? But what you can’t miss out are the supply chain metrics outlined on the right hand side which influence these finance metrics. How much can the Cost of Goods Sold be enhanced by improving materials’ usage? Here’s how.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Software Material Savings Expense Reduction 52

EazyStock

OCTOBER 10, 2018

Big data is a term used to describe a massive volume of both structured and unstructured data that’s too large to be processed using traditional database and software techniques. In most enterprise scenarios, the volume of data is too big, moves too fast and exceeds processing capacity of existing applications.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. SRM and online inventory management enable businesses to track suppliers and gather vital data to easily verify supplier information, identify potential supplier risks, and track performance. Risk mitigation.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Unleashed

FEBRUARY 23, 2023

This represents a major challenge to cash flow as companies have increasingly more money tied up in inventory stock, which in turn has affected their profitability. Liquidity and inventory: The ripple effect of inefficient stock control Inventory has a significant effect on liquidity. Better cash flow means greater liquidity.

Inventory Reduction 52

Inventory Reduction Material Savings Expense Reduction Price Reduction 52

Unleashed

NOVEMBER 15, 2021

Mass customisation is also known as: Made-to-order Built-to-order Increasingly popular in the retail goods sector – but also used in the automotive, software and finance sectors – mass customisation allows customers to purchase a product that is more ‘them’. What about mass customisation in software?

Inventory Management Software 98

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

Unleashed

AUGUST 23, 2023

Warehouse logistics refers to the management of all the processes involved in controlling inventory in your warehouses and storage units. Inventory management Once inventory has been received in the warehouse, it needs to be strategically stored and managed to suit the business’s needs.

Warehousing 52

Warehousing Logistics Network Optimization Software Supply Chain Design Software Inventory Management Software 52

3PL Insights

OCTOBER 24, 2017

Amazon is on the forefront of automation in the warehouse , currently using 45,000 Kiva Robots, after purchasing the company Kiva Systems in 2012 (they’re now renamed “Amazon robots”). The information received can be checked for accuracy with the company’s inventory software.

Warehousing 112

Warehousing Inventory Reduction Predictive Analytics Software Supply Chain Software 112

BlueYonder

FEBRUARY 17, 2022

Focus on warehouse automation has come full circle since the last big automation movement of the ‘90s, but today with a significantly better set of tools and technological improvements enabling more robust digital transformation and warehouse automation. Investments in Transportation solutions is imperative.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 70

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

BlueYonder

SEPTEMBER 12, 2022

Breaking a promise to consumers has never been more dangerous, as expectations across numerous metrics become more severe and decisive. As the proliferation of automated supply chain solutions has become more commonplace, this rather simple calculation has also been the basis for most order management systems (OMS) on the market today.

Procurement Analytics 52

Procurement Analytics Real-time Visibility Modeling Just-in-Time 52

BlueYonder

JANUARY 31, 2023

In a series of blog articles, the Product/Solutions Marketing team explores new business challenges and innovation solutions to change the game and manage disruptions. In this Part 2 blog post, we will continue to explore how automotive manufacturers are carrying out effective supply chain initiatives and their innovative solutions.

Automotive 85

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 85

GlobalTranz

OCTOBER 19, 2017

Today, warehouse managers face an endless battle with a growing number of products and limited storage capacity, and among distribution center managers, the challenge of warehouse slotting is even more difficult. If your competitor can get products to them faster, the shopping cart and purchase will be abandoned in favor of your competitor.

Optimization Software 137

Optimization Software Inventory Reduction Cost Reduction Strategies Material Savings 137