ToolsGroup

SEPTEMBER 29, 2022

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. Key findings include: Across sectors such as specialty apparel, mass merchants, department stores, home décor, electronics, and home improvement, the percentage of consumers decreasing trust in retailers to be in stock ranges from 28-36%.

ToolsGroup 156

ToolsGroup Optimal Sourcing Study Groups 156

The Logistics of Logistics

JANUARY 13, 2023

Trey is the Co-founder and CEO at Amplio , an Atlanta based tech firm that predicts and prevents material and parts shortage for companies in the electronic manufacturing space. Trey Closson is the Co-founder and CEO at Amplio, an Atlanta based tech firm builds supply chain resilience for electronics manufacturers. About Trey Closson.

Manufacturing Procurement 180

Manufacturing Procurement Optimal Sourcing Purchasing Skills Procurement Solutions 180

Supply Chain Matters

JULY 18, 2023

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

Logistics Viewpoints

SEPTEMBER 4, 2024

The potential to provide reliable, tamper-resistant data across supply chains is driving interest from various sectors, including pharmaceuticals, electronics, and food production. From raw material sourcing to end-of-life disposal, each step is recorded securely on a distributed ledger.

Supply Chain Design Software 225

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Modeling Software 225

Supply Chain Matters

FEBRUARY 1, 2023

In the company’s reporting of Q4 and full year 2022 financial performance, Samsung Electronics indicated that the demand for semiconductor, flash memory and smartphones will be muted in the first half of this year, and could recover by the second half. For the quarter that ended on December 31, 2022, the company reported KRW 70.5

Electronics 59

Electronics Modeling Demand Planning Software Modeling Software 59

ThroughPut

SEPTEMBER 8, 2024

Summary of the Impact A popular European coffee retail chain used ThroughPut AI’s product mix optimization capabilities to achieve: 15% inventory reduction 5% labor productivity gain Read the entire case study here. All supplies need to be sourced ahead of time, but not so much ahead that freshness becomes an issue.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Waste Reduction Resource Reduction 52

Logility

AUGUST 4, 2022

Burt Flickinger, managing director for Strategic Resource Group, told CBS News he’d seen the biggest discounts across “consumer electronics, sporting goods, apparel, clothes, and accessories.”. Then, as port problems eased, a glut of inventory – a phenomenon known as the “ bullwhip effect.” Big Box Blues.

Price Reduction 130

Price Reduction Inventory Reduction Analysis Resource Reduction 130

Demand Solutions

JANUARY 7, 2015

Supply chain planning is becoming more important than ever within the electronics industry. There is more time necessary for sourcing materials, manufacturing, and distribution. With proper planning, it becomes possible to enhance the profitability within the electronics sector from the ground up.

Supply Chain Planning Software 100

Supply Chain Planning Software Electronics Supply Chain Planning Scenario Planning 100

Demand Solutions

JANUARY 7, 2015

Supply chain planning is becoming more important than ever within the electronics industry. There is more time necessary for sourcing materials, manufacturing, and distribution. With proper planning, it becomes possible to enhance the profitability within the electronics sector from the ground up.

Supply Chain Planning Software 100

Supply Chain Planning Software Electronics Supply Chain Planning Scenario Planning 100

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

Inventory Management Software 122

Inventory Management Software Inventory Management Inventory Reduction Sourcing Strategies 122

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 93

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 93

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Matters

JUNE 17, 2022

Inventory Management Assessment- Samsung Electronics. We noted in our editorial likely needs for comprehensive inventory management assessments especially given the risk of higher working capital costs are a result of higher interest rates. Samsung ’s inventory balances reportedly reached the equivalent of $36.9

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

Supply Chain Matters

JULY 25, 2022

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Supply Chain Shaman

MAY 26, 2023

Or a unified data model across source, make, and deliver for planning? If a company wants a perpetual inventory signal that is current and representative of the network, the unified data model allows roll-up in minutes, not hours. The greatest value in the network is making effective trade-offs between source, make, and deliver.

Optimal Sourcing 345

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 345

ToolsGroup

MARCH 22, 2016

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability. He reiterates why his firm sees inventory optimization (IO) solutions as so important.

Optimal Sourcing 120

Optimal Sourcing Modeling Optimization Software Inventory Reduction 120

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.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

ShipBob

NOVEMBER 24, 2023

The root of many inventory management challenges lies in treating all stock equally—when in reality, each item should be assessed and segmented individually. This is where inventory segmentation can help. It’s a strategy that categorizes inventory based on factors like demand patterns, lead time, value, and more.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Sourcing Strategies Inventory Management Software 52

ShipBob

NOVEMBER 29, 2023

These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory. What is ghost inventory?

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

SCMDOJO

AUGUST 10, 2024

Logistical Efficiency in Sourcing, Distribution, and Delivery Local Sourcing: While offering potential environmental benefits, local sourcing introduces complexities like smaller vehicle sizes and less-than-full loads. Balancing consumer preferences for locally sourced products with logistical efficiency is crucial.

Sourcing Strategies 80

Sourcing Strategies Cost Reduction Strategies Resource Reduction Inventory Reduction 80

RFgen

MAY 26, 2023

In the world of inventory management, stockouts and overstocking can be detrimental to business success. To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. Overstocking occurs when a business has too much inventory on hand.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52

Logility

AUGUST 18, 2022

Headquartered in Brazil, WEG is a world-leading supplier of electro-electronic equipment and solutions. WEG chose Logility’s sophisticated demand planning tool to support inventory replenishment on its distribution business in the United States. ATLANTA – August 18, 2022 – Logility, Inc., NASDAQ: AMSWA).

Logility 130

Logility Supply Chain Planning Software Demand Planning Software Supply Chain Network Software 130

Logistics Viewpoints

APRIL 4, 2022

This is a public, multinational providing different types of electronic and machinery products for different industries. They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. For some customers, they manage the inventory using a vendor managed inventory program.

Supply Chain Transformation 197

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 197

QAD

JANUARY 19, 2023

Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. E-commerce brands must oversee design, manufacturing, sourcing, warehouse inventory, shipping and delivery. Function: operation management, logistics and inventory. Let’s dive in.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 98

The Logistics & Supply Chain Management Society

MARCH 22, 2022

For example, the One Network platform for supply chain planning and execution is used by the Ministries of Health in Nigeria, Ghana, and Rwanda, providing comprehensive inventory visibility across all health facilities for real time supply demand matching and collaborative decision making. Identify the source of the problem and fix it.

Supply Chain Planning Software 245

Supply Chain Planning Software Prescriptive Analytics Software Real-time Visibility Optimal Sourcing 245

Logistics Viewpoints

DECEMBER 5, 2022

But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. Those industries include data communications, medical, industrial, automotive and consumer electronics.

Agile and Lean Supply Chain 201

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 201

synchrono

JANUARY 8, 2018

A few decades ago, Vendor Managed Inventory (VMI) was a hot topic. Many manufacturers saw it as a way to reduce inventory levels and costs. If they could get their suppliers to maintain ownership of raw materials or subcontracted components until consumed, inventory levels would naturally drop—on paper anyway.

Vendor Strategies 75

Vendor Strategies Inventory Reduction Inventory Manufacturing Procurement 75

TPSynergy

JANUARY 9, 2020

Inventory Visibility. Inventory is a key part of any business. Manufacturing, Distribution businesses depends on availability of correct inventory. Important feature of inventory is its visibility. ERP and Inventory Visibility. Inventory beyond ERP. 3PL stores inventory and ships on behalf of the customer.

Real-time Visibility 40

Real-time Visibility Inventory Supply Chain Planning Software Inventory Management Software 40

Logistics Viewpoints

JULY 12, 2021

Whereas many of their competitors’ source from wholesalers like McLane or Core-Mark, Casey’s supplies their stores with groceries, food, health and beauty aids, and general merchandise from the distribution centers (DCs). Putters take the contents of the totes and put the inventory into pick-to-light machines.

Supply Chain Planning Software 198

Supply Chain Planning Software Supply Chain Planning Inventory Reduction Expense Reduction 198

Logistics Viewpoints

JANUARY 18, 2022

The ongoing chip crisis since last year affecting 100+ industries is the best example: supply couldn’t meet the increased demand, which led to rising prices and shortages in computers, cars, and pretty much any other electronics product with chips. To read the full article, click HERE.

Supply Chain Planning Software 262

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 262

Exiger Perspectives

JULY 5, 2024

Supply chain mapping is the process of understanding supplier and multiple sub-tier relationships in a supply network, as well as item-level sources. These lower tiers, for example, can provide materials such as metals, plastics and electronics. To start, an initial inventory of the company’s suppliers should be taken.

Supply Chain Planning Software 52

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

Supply Chain Matters

SEPTEMBER 29, 2022

Today, financial and other media have been highlighting a published report by Bloomberg , citing sources familiar with the matter, indicating that Apple is backing off plans to increase planned production of the new iPhone14. Inventory management and resource planning will remain a key concern. Development. percent this year.

Modeling 52

Modeling Supply and Demand Report Scenario Planning 52

Supply Chain Matters

JULY 15, 2022

The company’s equipment was designed to connect to virtual based instructors utilizing an onboard camera, microphone, and electronic screen, at a rather premium cost compared to other fitness options. Sourcing was both a cost as well as landed cost decision factor. Peloton equipment was not your average offering in-home based fitness.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

QAD

MARCH 31, 2020

These include motors, spindles, bearings, slideways and electronic controls. ANCA builds their machines in Australia but these precision components are sourced from around the world. Manage consignment inventory. A technology some businesses use for purchasing is Electronic Data Interchange (EDI).

Manufacturing Procurement 131

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 131

SYSPRO Smarter ERP

MARCH 31, 2022

It’s premature to know at this stage what the full impact will be on our economies and supply chains, but we can expect more delays of supply of imported inventory, food, and component parts, due to reduced or rescheduled air and sea freight. The supply chain of the future.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Disruption Supply Chain Design Software Supply Chain Planning Software 105

Synovos

JANUARY 24, 2024

We stock more than 700,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provide a wide range of product and service solutions to over 1.2 million customers. With operations in 32 countries, we trade through multiple channels and ship over 60,000 parcels a day.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Solutions Purchasing Skills Optimal Sourcing 105