RFgen

MAY 16, 2023

Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. But as supply chains continue to get more complex each year, delivering on target and on time becomes more difficult. That’s why most inventory handlers leverage data.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

ToolsGroup

NOVEMBER 30, 2020

With Service Optimizer 99+ (SO99+) ToolsGroup’s manufacturing customers commonly achieve a 10-30% reduction in inventory, improve product availability to 96% or better, and reduce overhead (such as overtime and expedited freight) by 50%. Reduced inventory value of safety stock on clustered items by 18%.

ToolsGroup 156

ToolsGroup Inventory Reduction Price Reduction Manufacturing 156

Logility

NOVEMBER 30, 2023

Machine learning is a branch that involves algorithms and statistical models enabling computers to improve their performance on a task through experience or data. Companies need to define objectives, acquire the right tools and technology, prepare the data infrastructure, implement AI models, and continuously improve the system.

Supply Chain Planning Software 177

Supply Chain Planning Software Modeling Supply Chain Software Scenario Planning 177

Unleashed

MARCH 15, 2019

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Inventory control strategies. Get automated. Get tracing.

Inventory Reduction 69

Inventory Reduction Inventory Waste Reduction Optimal Sourcing 69

Unleashed

APRIL 18, 2024

Implementing JIT in manufacturing operations can significantly reduce lead times and inventory levels, leading to cost savings and more responsive production cycles. The just-in-time approach contrasts with just-in-case strategies, where producers hold sufficient inventories to absorb maximum market demand.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

QAD

JUNE 20, 2023

They can collect data on production processes, inventory levels, machine performance and other relevant metrics. Predictive maintenance enables proactive repairs, reducing unplanned downtime and improving overall equipment effectiveness. Automated systems can trigger alerts for low stock levels, enabling timely replenishment.

Optimal Sourcing 90

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 90

OptiProERP

APRIL 9, 2024

Integration with inventory management systems is crucial to accurately confirm product availability and delivery timelines. Continuous improvement initiatives help enhance product quality and customer satisfaction. Document processes and provide training to employees to ensure compliance and proficiency.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

Veridian Solutions

MAY 28, 2019

Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net , the costliest problem is due in large part to poor inventory visibility and planning. What Are the Most Common Inventory Management Mistakes? Poor housekeeping.

Inventory Management Software 66

Inventory Management Software Inventory Reduction Inventory Management Optimal Sourcing 66

The Logistics of Logistics

MAY 8, 2023

Square1 Logistics has a team of experienced logistics professionals with expertise in various areas, including transportation management, inventory control, and order fulfillment. The company uses state-of-the-art technology to manage and track shipments in real-time, providing clients with visibility and control over their supply chain.

3PL 215

3PL Missouri Logistics Network Optimization Software Warehousing 215

SCMDOJO

FEBRUARY 19, 2024

In today’s fiercely competitive business landscape, the quest for continuous improvement has become imperative for small and medium-sized enterprises (SMEs) to thrive. – Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.).

Six Sigma 75

Six Sigma Optimal Sourcing Continuous Improvement Agile and Lean Supply Chain 75

RFgen

APRIL 18, 2023

To minimize misships, businesses must implement best practices that focus on optimization, technology, and employee training, ensuring accurate shipments every time. Mobile inventory solutions add greater efficiency and functionality, leveraging mobile apps and real-time data exchange with ERP platforms and other critical software systems.

Optimization Software 52

Optimization Software Supply Chain Planning Software Inventory Management Software Supply Chain Software 52

OptiProERP

FEBRUARY 8, 2024

The Role of ERP in Manufacturing Enterprise Resource Planning systems are the backbone of modern manufacturing operations, providing comprehensive tools for managing various aspects of the production process, including inventory management , supply chain logistics , production scheduling, and financial reporting.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

Elementum

FEBRUARY 7, 2024

Inventory Management: Precision and Efficiency through Automation AI and ML transform inventory management by predicting stock levels, automating reorder processes, and optimizing warehouse organization. This reduces the risk of overstocking or stockouts, ensuring inventory is managed with unprecedented accuracy and efficiency.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Unleashed

FEBRUARY 14, 2022

In business, it refers to a mindset of continuous improvement through small and gradual improvements. The idea is to make minor changes that over time create notable improvements to the end product. Teamwork is key to the Kaizen method, and empowering each member in a way that enables improvements is key to its success.

Continuous Improvement 95

Continuous Improvement Waste Reduction Manufacturing Resource Reduction 95

Unleashed

AUGUST 14, 2023

Different disciplines are required to facilitate efficient production management processes including scheduling, planning, process improvement, production inventory management, and quality control. An effective production schedule will help you: Organise your employees and ensure they have the necessary skills and training.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Predictive Analytics Software Modeling Software 52

SCMDOJO

JUNE 6, 2023

2 – Inventory Optimization Tool in Excel Inventory is a vital component for wholesalers, distributors, and manufacturers, representing valuable assets in the form of the products they sell. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 89

Unleashed

APRIL 21, 2024

The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer.

Inventory Management Software 52

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

Unleashed

OCTOBER 31, 2023

But unlike workforce management, workforce optimisation also monitors your employee’s quality and performance to reveal if further training or upskilling is required. Develop strategies to fill identified gaps and inefficiencies in employee skills through training, upskilling, cross-training, and other tactics to optimise your workforce.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

SCMDOJO

NOVEMBER 24, 2023

By prioritizing safety, warehouse managers can ensure that their employees can work in a secure environment, reducing the risk of injuries, costly lawsuits, and damage to inventory. Moreover, a safe warehouse reduces downtime due to accidents, resulting in improved efficiency and higher customer satisfaction.

Warehousing 63

Warehousing Optimal Sourcing Material Savings Inventory Reduction 63

Kanban Logistics

OCTOBER 31, 2023

Also, 3PLs are much more adept at managing labor for seasonal or fluctuating volumes by cross-training staff across multiple customers and leveraging short-term workers. Improved efficiency: 3PL providers leverage best practices across many different customers to optimize warehousing operations for efficiency.

Warehousing 52

Warehousing 3PL Supply and Demand Logistics Network Optimization Software 52

QAD

MARCH 23, 2021

Check out these upcoming training opportunities to expand your skill set with QAD’s new Adaptive UX functionality! Available QAD Training Courses. This detailed functional training will teach you to use the new Adaptive UX Action Centers and Key Performance Indicators (KPIs) to support the specific needs of your company.

Price Mitigation Strategies 83

Price Mitigation Strategies Buyer Training Training Optimization Software 83

Supply Chain Shaman

NOVEMBER 1, 2015

The issue is that costs need to be continually balanced with customer service, and inventory programs against a business strategy. Figure 3: Continuous Improvement Programs. When companies talk to me about continuous improvement programs, we discuss the need for balance and what this looks like on a day-to-day basis.

Supply Chain Planning Software 150

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

Unleashed

APRIL 6, 2022

Here we look at the aims and optimal outcomes of lean operations through the lens of these 13 core principles – and give you insights into how digital tools like manufacturing inventory software can support your business’ use of these methods. Manufacturers frequently turn to inventory software to implement and maintain lean systems.

Manufacturing Procurement 98

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

GlobalTranz

MAY 18, 2018

Leverage Inventory as Data When systems communicate, they create inventory data, but actual inventory can be turned into data points and metrics to understand the flow of products. Improve Inventory Management Through Analytics and Integration Inventory management is only as good as its level of visibility and optimization.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Software Omnichannel Analytics Software 138

EMERGE App

MARCH 18, 2019

Instead, it refers to a quality management improvement process used by large scale manufacturers. At first glance, there may not be much synergy between Six Sigma and inventory management. The first one is a highly disciplined approach to improving manufacturing processes, products and design. What is Six Sigma?

Six Sigma 40

Six Sigma Inventory Management Software Supply Chain Design Software Inventory Reduction 40

Unleashed

AUGUST 20, 2023

It includes everything from the procurement of raw materials to production, inventory management, and shipping. Managing and optimising production lead time involves balancing factors like production capacity, inventory levels, and operational efficiency to achieve the desired lead time while delivering items of high quality.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

GlobalTranz

JULY 12, 2016

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. Invest in training/re-certification. Cross-train all employees. Improve processes daily.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

Supply Chain Shaman

JANUARY 19, 2014

Despite multimillion dollar technology projects, and tomes of strategy documents, they are stuck in their ability to overcome market factors and rising complexity to drive continuous improvement on a portfolio of metrics. Last week, I taught a public training class. Focus on Mid-Management Training. What does that mean?

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278

ToolsGroup

SEPTEMBER 22, 2021

Sarah Voorhees, senior director of demand and supply planning at American Tire Distributors (ATD) has spent the last 12 years of her career in supply chain leadership roles, where she’s reimagined demand and supply planning and inventory management practices at consumer goods and distribution companies. Published 27 May 2021.

Supply Chain Planning Software 177

Supply Chain Planning Software Gartner Supply Chain Software Agile and Lean Supply Chain 177

Unleashed

DECEMBER 12, 2023

These tools often offer features such as version control, real-time collaboration, and integration with other systems, enhancing overall efficiency and helping to maintain consistency between the BOM and other business processes – such as inventory management and order fulfilment.

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Management Software Supply Chain Design Software 52

Supply Chain Shaman

MARCH 28, 2016

For many companies, improving results is elusive. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Supply Chain Game Changer

JANUARY 15, 2020

Even while inventory remains in place, shippers are uncertain what exactly needs to happen. There appears to be a huge amount of unsold inventory in the supply chains. The benefits of responsiveness in the supply chain are significant, including: Improved use of just-in-time fulfillment. Reduced inventory carrying costs.

Supply Chain Planning Software 53

Supply Chain Planning Software Supply Chain Software Vendor Strategies Supply Chain Strategy 53

American Global Logistics

SEPTEMBER 12, 2023

Lean manufacturing and just-in-time production minimize waste and inventory levels while maximizing efficiency. Collaborative planning, forecasting, and replenishment (CPFR) enable real-time collaboration between suppliers and retailers, enhancing inventory management and reducing stock-outs.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52

SCMDOJO

APRIL 11, 2023

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. Curt goes into detail on how back orders affect inventory policies and how to calculate the economic order quantity for inventory policies that allow back orders.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. This resulted in a 67% reduction in stockouts and a 30% decrease in fresh food waste, improving inventory management.

Prescriptive Analytics Software 52

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

Unleashed

AUGUST 1, 2019

In business, the way you run your backend in the warehouse, which considers the supply, receipt, manufacture and storage of inventory, is very telling for how profitable your frontend will be. More sales mean more inventory which means a company needs to expand supply chains and increase storage capacity. Storage design.

Supply Chain Design Software 40

Supply Chain Design Software Inventory Reduction Inventory Management Software Waste Reduction 40

Supply Chain Shaman

FEBRUARY 12, 2017

For the past four years, as we have done our work, we have tracked Novo Nordisk’s continued improvement against the pharmaceutical peer group. Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance and Improvement within the Pharmaceutical Industry for 2009-2015.

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150