Consumer Goods, Industry and Inventory

Consumer Goods: A Formula for Service, Speed, & Brand Success

Logility

AUGUST 31, 2023

The consumer goods industry may have experienced tremendous growth, but figuring out what consumers want is an ever-evolving puzzle. From where they shop and how frequently they buy to what price points entice them, consumer behaviors have been challenging to predict over the past year.

Consumer Goods

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction

Alloy.ai Consumer Goods Index – May 2023 Edition

Alloy

JULY 28, 2023

Consumer Goods Index – May 2023 Edition Deltas in sales over time and inventory totals are critical leading indicators for the health of the consumer goods industry. Retailers and consumers alike are impacted by deviations and volatility in the consumer goods supply chain.

Consumer Goods

Consumer Goods Inventory Reduction Price Reduction Cost Reduction Strategies

What’s Good for Consumer Goods Manufacturing?

USC Consulting Group

MARCH 27, 2023

What’s on the road ahead for consumer goods manufacturing? Although the industry is multifaceted and varied, encompassing everything from household goods to food & beverage to apparel and more, most arms of the consumer goods industry are facing similar challenges. Supply chain woes.

Consumer Goods

Consumer Goods Manufacturing Procurement Six Sigma Purchasing Skills

Digital Supply Chains Change the Game in Consumer Goods, Part 1

BlueYonder

JANUARY 10, 2023

The following are insights gained from my discussion with Shri Hariharan , who leads Blue Yonder’s Consumer Manufacturing Industry Strategy, during a recent Blue Yonder Live. As we have seen over the last 24 months, the disruptions that the global industries and consumers have gone through have made things markedly different now.

Consumer Goods

Consumer Goods Optimal Sourcing Supply Chain Planning Software Supply Chain Software

Digital Supply Chains Change the Game in Consumer Goods, Part 2

BlueYonder

JANUARY 17, 2023

The following are the insights gained from my discussion with Shri Hariharan , who leads Blue Yonder’s Consumer Manufacturing Industry Strategy, during a recent Blue Yonder Live and webinars that we prepared for jointly. They may need to further optimize inventory across the supply chain. What enablers may be needed?

Consumer Goods

Consumer Goods Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization

Walmart Lowers their Shipping Requirements, but their Suppliers Still Struggle

Logistics Viewpoints

FEBRUARY 5, 2024

Walmart is not the only big retailer with OTIF requirements, but as the world’s largest retailer, and a company with stringent requirements , Walmart’s OTIF requirements are top of mind for consumer goods companies. These solutions allow companies to prove that their goods arrived on-time.

Shipping

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software

Three Tips for Building an Agile CPG Supply Chain

ToolsGroup

JULY 27, 2021

On the surface, it seems like the consumer packaged goods (CPG) industry performed better than most during the COVID pandemic. Consumer goods e-commerce sales for example increased 91% year over year according to a NielsenIQ analysis. Make Sure Your Inventory is Healthy. Read more of Boise’s story here.

Agile and Lean Supply Chain

Agile and Lean Supply Chain Supply and Demand Supply Chain Planning Software Gartner

Can Omni-Channel Help Consumer Goods Companies Fight Private Label?

Talking Logistics

SEPTEMBER 8, 2015

One tactic major retailers have used to help increase their margins is to offer their own private label branded products as lower-cost alternatives to the consumer goods brands. Consumer goods manufacturers have struggled to combat these private label incursions, with varying degrees of success.

Consumer Goods

Consumer Goods Supply Chain Planning Software Company Analytics Software

Finished Goods Inventory: Definition & Formula

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. What are finished goods inventory?

Inventory Reduction

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software

Efficient Consumable Inventory Management

My Office Apps

JULY 19, 2023

Efficient Consumable Inventory Management: Tips for Success in Supply Chain Optimization Welcome to the ultimate guide to efficient consumable inventory management! Understanding Consumable Inventory Consumable inventory plays a crucial role in various businesses and industries.

Inventory Management Software

Inventory Management Software Inventory Management Inventory Reduction Inventory

With ToolsGroup’s AI-Powered Planning, Legami Delivers Customer-Centric Service While Driving Business Growth

ToolsGroup

JULY 19, 2023

The Italian consumer goods company applies ToolsGroup’s probabilistic forecasting and inventory optimization across its expansive network to enhance customer experience and business value. This automated, AI-powered solution includes Demand Planning & Forecasting and Inventory Optimization.

Supply Chain Planning Software

Supply Chain Planning Software ToolsGroup Supply Chain Planning Forecasting

Consumer Goods Technology Releases List of Top Supply Chain Companies

Logility

FEBRUARY 10, 2012

Consumer Goods Technology recently released its 2012 Consumer Goods Technology Reader’s Choice survey results. " Aggressive competitors, margin erosion, and quickly changing consumer preferences and behaviors pose serious challenges to the consumer goods industry.

Consumer Goods

Consumer Goods Supply Chain Planning Software Supply Chain Software Optimization Software

How Manufacturers Can Take Control of Inventory with RFID Technology

QAD

MARCH 30, 2023

As I discussed in a recent article in RFID Journal , RFID technology has changed a lot since 2005 and could be the secret to ensuring greater visibility and inventory accuracy this year. RFID tags are one of the best technologies for quickly and accurately tracking goods throughout the value chain. What is RFID Technology?

Manufacturing Procurement

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

Embracing the Supply Chain as A Complex Non-linear System

Supply Chain Shaman

JANUARY 8, 2024

An analysis of improvement, performance, and value of over 500 public companies in 28 industries over a decade. (I However, writing it is a great time to get into industry patterns and think. ” Compare the results to the industry trends. Look at the industry decline in Figure B. I posted my working summary.)

Supply Chain Design Software

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software

Turning Your Consumer Goods Supply Chain Into a Competitive Advantage

E2open

JULY 11, 2016

Turning Your Consumer Goods Supply Chain Into a Competitive Advantage. Today’s modern supply chains are multi-enterprise, starting with consumers, retailers, distributors; and flowing through an extended network of suppliers, contract manufacturers, and other third parties. Create healthy inventory across the entire value chain.

Consumer Goods

Consumer Goods Supply Chain Software Supply Chain Planning Software Supply Chain Planning

The Coolest Supply Chain Boutique Consultants

Logistics Viewpoints

DECEMBER 11, 2023

Clarkston Consulting is focused on the Consumer Goods and Life Sciences industries. They have developed a proprietary inventory analysis tool that can not only help companies achieve service level goals with less inventory, but the inventory analysis can also flow into helping design an efficient warehouse layout.

Supply Chain Design Software

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

Target’s Acknowledgement and Plan to Address Excess Inventory

Supply Chain Matters

JUNE 10, 2022

In our Supply Chain Matters commentaries focused on online customer fulfillment and especially the 2021 holiday fulfilment period, we cautioned retail and consumer goods supply chain management teams to be watchful for the bullwhip effect in inventory planning and replenishment needs to support expected customer demand.

Supply Chain Planning Software

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply Chain Planning

Vendor Managed Inventory: The Complete Guide

Unleashed

SEPTEMBER 30, 2021

Vendor managed inventory (VMI) – when executed well – can be an efficient and cost-effective system for managing the supply of goods. Learn more: What is Inventory Management? Techniques for 2021 What is vendor managed inventory? How does vendor managed inventory work?

Vendor Strategies

Vendor Strategies Inventory Reduction Inventory Inventory Management Software

ToolsGroup Wins Microsoft’s Best ISV Partner Award for the Second Year in a Row

ToolsGroup

JULY 26, 2022

ToolsGroup won the award for its deep supply chain planning expertise and cloud-based solutions for retail, manufacturing, distribution, consumer goods, aftermarket parts, and telecom industries. Microsoft also awarded ToolsGroup a Digital Transformation Champ Award for the category Cloud for Industries. “We

ToolsGroup

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Software

Better Together: Logility and Parker Avery Group Announce Partnership

Logility

AUGUST 30, 2022

a leader in supply chain innovation powering the sustainable and resilient enterprise, and The Parker Avery Group, a leading retail and consumer goods consulting firm, announced that they have formed a strategic partnership. ATLANTA (August 30, 2022) – Logility, Inc., We are very excited about this partnership. About Logility.

Logility

Logility Supply Chain Planning Software Supply Chain Design Software Analytics Software

How To Use The Days Sales of Inventory (DSI) Metric

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Learn more: Inventory Accounting – A Free Video Guide for Accountants & Advisors What is Days Sales of Inventory (DSI)? It’s also known as Days Sales in Inventory and Average Age of Inventory.

Procurement Analytics

Procurement Analytics Inventory Reduction Metrics Inventory

Added In-Transit Inventory Exposures Add to Implications of Inbound Cost Inflation for Industry Supply Chains

Supply Chain Matters

FEBRUARY 25, 2022

The Supply Chain Matters provides a supplemental commentary related to the implications of rapidly rising inbound costs for industry supply chains. . West Coast ports currently averaging over 100 days, more inventory is sitting on ships and not able to be sold. The report observes that in December 2021, U.S.

Supply Chain Planning

Supply Chain Planning Inventory Manufacturing Procurement Supply and Demand

Is Inventory Waste or an Asset?

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

Waste Reduction Inventory Reduction Inventory Optimal Sourcing

A Tale of Two Industries: Surprising Demand Spikes amid Supply Chain Disruption

ToolsGroup

MARCH 24, 2021

I have been a ToolsGroup partner since 2015, after working over 10 years at a global consumer goods company, where I started knowing and enjoying the benefits of ToolsGroup Service Optimizer 99+ (SO99+). Consequently the company was prepared with enough inventory to meet demand and service levels. My company Advancetics B.V.

Modeling

Modeling Supply and Demand Supply Chain Disruption Supply Chain Planning Software

5 Reasons to Leave Your 3PL with Shane Hanson

The Logistics of Logistics

MAY 8, 2023

With his vast experience in distribution, Shane has become a valuable asset to the logistics industry, particularly in the Beauty and Packaged Food sectors. Square1 primarily serves clients in the Beauty, Packaged Food, Apparel, and Consumer Goods industries, and currently works with 40 domestic and international clients.

3PL

3PL Missouri Logistics Network Optimization Software Warehousing

How Much Inventory Should I Stock in a Post-COVID World?

Stord

APRIL 11, 2022

The out-of-stock sticker shock we experienced in the past few years is forcing retailers to take a hard look at how they plan inventory. Product availability was a clear problem during the pandemic: last holiday season, consumers saw over 6 billion out-of-stock messages online , a 253% increase over the 2019 season. in April 2021.

Inventory Reduction

Inventory Reduction Inventory Manufacturing Procurement Purchasing Skills

Supply Chain Uncertainties Leave Industries on Edge

Intelligent Audit

SEPTEMBER 28, 2022

Despite some relief from inflationary pressures in recent months, businesses throughout the logistics industry and beyond are being forced to make difficult decisions. After a week of high-highs and low-lows within the global logistics industry, we’ve gathered the nine stories you need to know. Retailers are brought in to sell.

Price Reduction

Price Reduction Supply Chain Planning Software Industrial Industry

The Forecasting Accuracy Bugaboo

Logistics Viewpoints

MARCH 27, 2023

As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. This leads to lower inventory carrying costs and thus better case flow. Demand forecasting should be tightly integrated to an inventory optimization application.

Forecasting

Forecasting Forecasting Software Modeling Optimal Sourcing

may index

Alloy

JULY 28, 2023

Consumer Goods Index – May 2023 Edition Deltas in sales over time and inventory totals are critical leading indicators for the health of the consumer goods industry. Retailers and consumers alike are impacted by deviations and volatility in the consumer goods supply chain.

Inventory Reduction

Inventory Reduction Consumer Goods Price Reduction Cost Reduction Strategies

Transportation Trends: What’s Going on in the Trucking Industry?

PINC

OCTOBER 14, 2019

A perennial top industry issue, the driver shortage ranked as the industry’s top concern for the second consecutive year in 2018, according to ATRI. expansion in the first quarter, which mostly was buoyed by lower imports and higher inventories< , JOC reports. The concern hasn’t waned at all in 2019.

Transportation

Transportation Trends Industrial Industry

Initial Estimates of U.S. Holiday Spending- A Mixed Bag

Supply Chain Matters

DECEMBER 28, 2023

An initial estimate of this year’s retail holiday spending indicates a mixed bag, depending on either retail industry, consumer goods producer or logistics and transportation industry perspectives. Consumers were expecting that there would be adequate inventory of goods even up to two days before Christmas.

Forecasting

Forecasting Apparel Inventory Reduction Journal

Inventory Replenishment Strategies that Increase Profits

EazyStock

FEBRUARY 17, 2021

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

Inventory Reduction

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies

Three Smart Manufacturing Trends for the Food and Beverage Industry

RFgen

OCTOBER 26, 2021

The food and beverage industry continues to face substantial change and unprecedented disruption. Organizations are seeing increased inventory management issues and are faced with the reality that they must do more with less. Now is the time for smart manufacturing to become ingrained in the food and beverage production industry.

Beverage

Beverage Food Inventory Management Software Trends

Three Smart Manufacturing Trends for the Food and Beverage Industry

RFgen

OCTOBER 26, 2021

The food and beverage industry continues to face substantial change and unprecedented disruption. Organizations are seeing increased inventory management issues and are faced with the reality that they must do more with less. Now is the time for smart manufacturing to become ingrained in the food and beverage production industry.

Beverage

Beverage Food Inventory Management Software Trends

Retail Sales and Operations Teams Need to Up Their Game in Inventory Management Agility and Responsiveness

Supply Chain Matters

AUGUST 22, 2022

In this Supply Chain Matters industry specific commentary, we make the observation that retail industry sales and operations planning and demand support teams, given the current state of recent business financial performance, need to up their game in supply network inventory management agility and added responsiveness. .

Inventory Management Software

Inventory Management Software Agile and Lean Supply Chain Inventory Management Inventory Reduction

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

APRIL 15, 2020

The airline industry? The order is no longer a good proxy for demand. And, in consumer products industries, the latency of syndicated data is deadly. A Sample Demand Pattern for Consumer Goods. Instead, use demand sensing technologies to detect patterns with minimal latency into inventory requirements.

Supply Chain Planning Software

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand

Metcalf’s Law Does Not Apply to Supply Chain Management

Logistics Viewpoints

SEPTEMBER 19, 2022

Christine Barnhart, the vice president of Christine Barnhart at MSCN vendor Nulogy, points out that these networks tend to grow up as solutions for industries and thus have data elements and functionality particularly relevant to that industry. In automotive, the OEM says “jump” and the suppliers asks “how high?”.

Supply Chain Design Software

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Network Software

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

SEPTEMBER 20, 2015

Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. This included monthly reviews between business units and central operations teams and adaptive inventory segmentation policies. In fact, the teams ignore the forecast. Does it work?

Inventory Reduction

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy

AI-powered Demand Planning for Building Materials and Cement Industry: How To Balance Supply & Demand

ThroughPut

OCTOBER 13, 2021

While the construction industry itself poses some unique challenges in supply chains across the world, cement manufacturing comes with its own diverse set of differentiators like the ones mentioned below: Top unique challenges of cement industry. Rapid Global Urbanization. billion by 2022. Increasing Workforce Numbers.

Supply and Demand

Supply and Demand Modeling Demand Planning Supply Chain Planning Software

Driving a Responsive, Sustainable and Efficient Food Supply Chain

DELMIA Quintiq

JULY 31, 2023

The food and beverage (F&B) industry has always been highly responsive to changes in consumer behavior, but rising food prices have brought about new challenges—pushing manufacturers to search for new ways to adapt and remain competitive in a rapidly changing market. Solutions to overcome challenges in: 1.

Sourcing Strategies

Sourcing Strategies Supply Chain Planning Software Waste Reduction Price Reduction

An overview of the inventory management process

Taulia

SEPTEMBER 9, 2021

Inventory management is an essential process for almost every type of business. Inventory is often the largest current asset and poor or ineffective management of stock can lead to large losses or in some cases, business failure. Yet the successful organization of inventory is not without its challenges.

Inventory Management Software

Inventory Management Software Inventory Management Inventory Reduction Material Savings

Strategy. Strategy. Wherefore Art Thou Strategy?

Supply Chain Shaman

MAY 1, 2023

The responsive volume can vary from 5-10% in consumer goods to 80-90% in agroscience. The techniques to improve agility are improving data transparency/insights, use of attribute-based planning, design of push-pull decoupling points, pooling of inventory, and configure-to-order/make-to-order manufacturing. Inventory as Waste.

Inventory Reduction

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction

Benchmarking Your Supply Chain Planning in 2017

ToolsGroup

JANUARY 3, 2017

The ToolsGroup customer base of more than 300 companies has allowed us to access a wide array of supply chain planning data for benchmarking in different industries and different circumstances. We wanted to share the results from our study, including industry leader best practices. Industrial. Consumer Goods.

Benchmarking

Benchmarking Supply Chain Planning Scenario Planning Forecasting

Troubling Signs for Retail Supply Chains- Walmart Badly Misses on Profitability

Supply Chain Matters

MAY 17, 2022

Walmart CEO Doug McMillon indicated to investors that inflationary costs related to rising fuel and inventory costs created more pressures on margins than previously expected and that the retailer is now adjusting. This week’s financial news regarding Walmart will indeed send tremors across the retail industry and its supply chain networks.

Supply Chain Planning Software

Supply Chain Planning Software Supply Chain Strategy Retail Supply Chain Planning

Consumer Goods: A Formula for Service, Speed, & Brand Success

Alloy.ai Consumer Goods Index – May 2023 Edition

Trending Sources

What’s Good for Consumer Goods Manufacturing?

Digital Supply Chains Change the Game in Consumer Goods, Part 1

Digital Supply Chains Change the Game in Consumer Goods, Part 2

Walmart Lowers their Shipping Requirements, but their Suppliers Still Struggle

Three Tips for Building an Agile CPG Supply Chain

Can Omni-Channel Help Consumer Goods Companies Fight Private Label?

Finished Goods Inventory: Definition & Formula

Efficient Consumable Inventory Management

With ToolsGroup’s AI-Powered Planning, Legami Delivers Customer-Centric Service While Driving Business Growth

Consumer Goods Technology Releases List of Top Supply Chain Companies

How Manufacturers Can Take Control of Inventory with RFID Technology

Embracing the Supply Chain as A Complex Non-linear System

Turning Your Consumer Goods Supply Chain Into a Competitive Advantage

The Coolest Supply Chain Boutique Consultants

Target’s Acknowledgement and Plan to Address Excess Inventory

Vendor Managed Inventory: The Complete Guide

ToolsGroup Wins Microsoft’s Best ISV Partner Award for the Second Year in a Row

Better Together: Logility and Parker Avery Group Announce Partnership

How To Use The Days Sales of Inventory (DSI) Metric

Added In-Transit Inventory Exposures Add to Implications of Inbound Cost Inflation for Industry Supply Chains

Is Inventory Waste or an Asset?

A Tale of Two Industries: Surprising Demand Spikes amid Supply Chain Disruption

5 Reasons to Leave Your 3PL with Shane Hanson

How Much Inventory Should I Stock in a Post-COVID World?

Supply Chain Uncertainties Leave Industries on Edge

The Forecasting Accuracy Bugaboo

may index

Transportation Trends: What’s Going on in the Trucking Industry?

Initial Estimates of U.S. Holiday Spending- A Mixed Bag

Inventory Replenishment Strategies that Increase Profits

Three Smart Manufacturing Trends for the Food and Beverage Industry

Three Smart Manufacturing Trends for the Food and Beverage Industry

Retail Sales and Operations Teams Need to Up Their Game in Inventory Management Agility and Responsiveness

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Metcalf’s Law Does Not Apply to Supply Chain Management

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

AI-powered Demand Planning for Building Materials and Cement Industry: How To Balance Supply & Demand

Driving a Responsive, Sustainable and Efficient Food Supply Chain

An overview of the inventory management process

Strategy. Strategy. Wherefore Art Thou Strategy?

Benchmarking Your Supply Chain Planning in 2017

Troubling Signs for Retail Supply Chains- Walmart Badly Misses on Profitability

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