ToolsGroup

FEBRUARY 23, 2021

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging. Anyone can come up with a plan.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Modeling Optimization Software 156

SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Inventory Reduction Modeling 111

Logistics Viewpoints

APRIL 29, 2024

Ferguson provides plumbing and heating products to 9 specialist customer groups – over a million customers – in the US and Canada. Michael Jacobs “Well, the last time we spoke, we had just begun our journey with our market distribution center (MDC) strategy. Ferguson has an extensive and complex supply chain.

Supply Chain Design Software 215

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Optimization 215

Logility

AUGUST 17, 2021

Managing consumer packaged goods inventory is challenging at the best of times, and it can be debilitating during times of local or international disruption. An advanced inventory planning and optimization solution allows these companies to set and maintain precise stock targets across a global network.

Modeling 130

Modeling Inventory Reduction Supply Chain Optimization Packaging 130

Supply Chain Shaman

NOVEMBER 21, 2023

My client attempted to have a supply chain discussion to improve flow, and his executive group just did not get it. Fred owned logistics and customer service for the organization. The warehouse I ran just completed a consolidation of three shipping centers. Sometimes, this is a tough discussion. Yes, I am that old.)

Supply Chain Planning Software 329

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 329

Supply Chain Shaman

OCTOBER 4, 2018

As I press the pedal to the floor at 80 miles-per-hour, I munch Cheetos puffs (one of my favorites) and think about the session I just finished. At the session, we discussed why companies have not made more progress on inventory management. Days of Inventory Pre and Post-Recession. IT View of the Current State of Inventory.

Inventory Management Software 265

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 265

Stord

FEBRUARY 15, 2024

Brands today need to continually ensure the right amount of product is in the right place at the right time. Inaccurate inventory planning leads to missed sales and consumer dissatisfaction from out-of-stock situations, or costly and inefficient resource allocation by overstocking inventory or not storing it strategically.

Supply Chain Planning Software 60

Supply Chain Planning Software Inventory Reduction Supply Chain Software Omnichannel 60

Logility

AUGUST 31, 2021

However, inventory optimization for beverage brands can help these organizations overcome such challenges with greater ease and speed. And all these elements must be coordinated perfectly across the supply chain to keep the business profitable and satisfy customer needs. . Tactical and strategic inventory modeling.

Modeling 130

Modeling Beverage Inventory Reduction Supply Chain Optimization 130

Supply Chain Shaman

JANUARY 9, 2024

The companies with the strongest year-over-year performance (placing in the winner’s circle for six more times in ten years) are Apple, L’Oreal, Nike, Paccar, TJX, and TSMC. An average margin of 21% with inventory turns of 1.58 Supply Chains to Admire Winners 2023 Examine Your Own Paradigm. How Do You Define Excellence?

Supply Chain Planning Software 292

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 292

Logility

JANUARY 12, 2024

Navigating the $5 trillion North American apparel market requires precision, especially when dealing with the intricate complexities of forecasting and inventory management. The Apparel Industry’s Forecasting Maze Mastering the art of forecasting is critical in the apparel industry.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Forecasting 105

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 105

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Now there are forces arguing for a return to a just-in-case approach. Why inventory management is important. Active inventory management is a major contributor to manufacturing success.

Inventory Management Software 122

Inventory Management Software Inventory Management Inventory Reduction Sourcing Strategies 122

ToolsGroup

JUNE 8, 2018

Gartner Research analyst Paul Lord has developed a thought-provoking approach (shown in the above diagram) for tailoring supply and inventory tactics to different inventory segments. Traditional ABC inventory models segment inventory into A, B and C categories based on annual consumption value. Lots of margin.

Modeling 197

Modeling Optimal Sourcing Inventory Reduction Demand Planning Software 197

Supply Chain Shaman

OCTOBER 16, 2023

I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. Holistic design of the form and function of inventory with a focus on setting inventory targets for each flow. The journey for S&OP is a road with many ruts and potholes. I am also amazed.

S&OP 324

S&OP Supply and Demand Forecasting Supply Chain Design Software 324

ToolsGroup

JANUARY 7, 2020

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits.

Inventory Reduction 194

Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 98

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Clear Spider

MARCH 21, 2024

In the age of technology, the message to customers and businesses everywhere is loud and clear: sky’s the limit. AI inventory solutions create more powerful and adaptive supply chains. In today’s fast-paced world, simple, reactive supply chains just won’t cut it. AI tools help businesses respond in times of crisis.

Inventory Reduction 52

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

Unleashed

FEBRUARY 8, 2024

Effective inventory tracking is a critical component of inventory management. 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. What is inventory tracking?

Inventory Management Software 52

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

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. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

RFgen

MARCH 7, 2019

Key Takeaways: Just in Time Manufacturing was designed to improve the manufacturing and the supply chain processes. Lean manufacturing emphasizes customer desires. Just-in-Time (JIT) Manufacturing and Lean Manufacturing are two of the most popular business processes. What is Just-in-time Manufacturing (JIT)?

Just-in-Time 52

Just-in-Time Agile and Lean Supply Chain Lean Manufacturing 52

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? In other words, it will be different for every enterprise or organisation.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

ToolsGroup

MAY 16, 2023

These often included: Collaborating more effectively with suppliers: More organizations are embracing a more holistic supply chain strategy by knowledge-sharing with suppliers to align on lead times, forecasts, and buying projections. Fortunately, “service-driven planning” is already a proven theory.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

Supply Chain Shaman

DECEMBER 7, 2023

Background The Council of Supply Chain Resilience met for the first time this month. The ability of an organization to deliver reliable and consistent results for revenue, margin, customer service, and quality in the face of demand and supply variability. Here I share some insights from my research. The reason? My conclusion?

Supply Chain Design Software 307

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 307

Supply Chain Shaman

SEPTEMBER 13, 2023

Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth?

Supply and Demand 375

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 375

DELMIA Quintiq

JUNE 19, 2014

I do, and not just because of the novelty value. It’s a scenario we see time and again. In large part, it’s because many companies don’t pay the right kind of attention to their inventory. There’s a lingering belief that inventory is somehow unpredictable and behaves independently of the rest of the business. Be flexible.

Modeling 189

Modeling Inventory Optimization Modeling Scenario Planning 189

QAD

JUNE 25, 2019

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Managing an Inventory Investment. Using Metrics to Measure the Health of the Business.

Procurement Analytics 103

Procurement Analytics Metrics Inventory Reduction Inventory 103

Talking Logistics

SEPTEMBER 4, 2018

What is Inventory Management? For Sales it’s about product availability at all times. For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. For Logistics the focus is on high inventory turns. Is there a common trend in inventory management?

Inventory Reduction 117

Inventory Reduction Inventory Management Software Logistics Network Optimization Software Inventory Management 117

Kinaxis

AUGUST 18, 2017

by Alexa Cheater Don’t get caught having your company’s inventory management conversation alone! Making the most of one of your company’s largest assets means bringing together everyone involved from the manufacturing floor to the corner office, and focusing on more than just what’s in your warehouse.

Inventory Management 147

Inventory Management Inventory Reduction Inventory Company 147

RFgen

JUNE 16, 2023

Ultimately, customer service declines. And automated inventory management may hold the key. Intelligent software solutions can automate inventory management processes like order picking and fulfillment to remove human error and manual tasks. Why Bother with Automation? No more blind spots, no more guessing games.

Inventory Management Software 74

Inventory Management Software Supply Chain Software Inventory Reduction Inventory Management 74

RFgen

MAY 10, 2023

The ability to control costs is critical for effective inventory management. Regaining control over your inventory can make your warehouse and shop floor more efficient. But how do you reduce inventory costs and maximize profit margins? Cutting Costs: Strategies for Reducing Inventory Costs 1. or higher.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Vendor Strategies 52

Logistics Viewpoints

OCTOBER 2, 2023

FourKites CEO, Matt Elenjickal One of the two leaders in the real-time transportation visibility market is FourKites. ARC considers real-time visibility solutions, like the one from FourKites, one type of SCCN solution. ARC considers real-time visibility solutions, like the one from FourKites, one type of SCCN solution.

Real-time Visibility 219

Real-time Visibility Supply Chain Visibility Inventory Reduction Agile and Lean Supply Chain 219

ShipBob

NOVEMBER 29, 2023

But just a couple of hours ago, two units were damaged during order picking. These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. And this data discrepancy is because of poor inventory management and tracking.

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

Supply Chain Shaman

DECEMBER 28, 2020

We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade. At that time, Supply Chain 2020 seemed so far away. Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns.

Supply Chain Planning Software 415

Supply Chain Planning Software Forecasting Forecasting Software Modeling 415

ThroughPut

OCTOBER 16, 2022

Inventory Optimization to Unlock Supply Chain Efficiencies with Cost Reduction. A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years. INVENTORY STRATEGY. DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Logility

MAY 26, 2022

25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain. Effective, strategic demand planning is essential, and that requires implementation of the right supply chain platform with real-time data, reporting, and event automation. Then, there’s the issue of surplus inventory.

Demand Planning Software 173

Demand Planning Software Supply and Demand Modeling Supply Chain Planning Software 173

Logistics Viewpoints

OCTOBER 19, 2023

If I had done due diligence, I’d have seen the warnings – the retailer had pretty pictures on their website, but their supply chain failed them, creating an eleven-month saga and unhappy customer. The issue wasn’t poor planning – they had the inventory. I should have known better. I work in supply chain. What was the problem?

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225