Talking Logistics

SEPTEMBER 4, 2018

What is Inventory Management? 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. Inventory Management is about having a right balance of expectations from different functions of the supply chain.

Inventory Reduction 116

Inventory Reduction Inventory Management Software Logistics Network Optimization Software Inventory Management 116

Logistics Viewpoints

JANUARY 18, 2022

As we have seen in 2021, businesses automated and integrated supply chain planning capabilities, including demand-sensing , dynamic safety-stock management , inventory optimization , and external collaboration. this experience has changed how we dress and exercise. Although we may not go back to those days (hopefully!),

Supply Chain Planning Software 255

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 255

Supply Chain Shaman

AUGUST 18, 2022

To fill the time in the agenda, I developed the River of Demand exercise. So, I asked for a break and reorganized the room to facilitate my first river of demand exercise. He was not in the room, so as I faced the audience, I was forced to think on my feet and design an activity to help them understand the concepts.

Supply and Demand 251

Supply and Demand Demand Planning Software Optimal Sourcing Supply Chain Planning Software 251

Supply Chain Opz

AUGUST 2, 2018

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

Logility

MAY 6, 2021

Dramatic shifts are happening too quickly to reserve strategic planning as a traditionally annual exercise. Technologies that automate and accelerate the entire exercise help ensure forecasting and decision-making are flexible, nuanced, and responsive enough to allow the company to move forward rapidly.

Scenario Planning 240

Scenario Planning Modeling Supply Chain Planning Software Supply Chain Planning 240

Logility

JULY 26, 2022

Supply chain design is no longer the ‘create it, set it, and walk away’ exercise that it once was. Plus, the network’s structure alone locks in 80% of logistics costs, including the distance between suppliers and customers, number of facilities, inventory levels, and labor and lease markets.

Supply Chain Design Software 173

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Optimization 173

CHAINalytics

MARCH 28, 2017

By Chris Keller | Principal, Supply Chain Design | Chainalytics | The complexity involved in simultaneously optimizing a supply chain network and the inventory within that network has traditionally proven to be a sufficient barrier to completing such exercises.

Network Design Software 60

Network Design Software Supply Chain Design Software Network Design Network Optimization 60

Logistics Viewpoints

JUNE 26, 2023

The algorithms generate recommendations on optimal ways to rebalance inventory based on cost and service level impacts. This exercise was previously a cumbersome manual exercise done on a weekly basis for the top 45 stock keeping units (SKUs). This visibility is key to both the root cause analysis and the inventory rebalancing.

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

Logility

MAY 17, 2023

By leveraging a comprehensive platform companies can review scenarios through the lens of advanced demand, inventory and manufacturing planning optimization capabilities,” Henriott said.

Vendor Strategies 171

Vendor Strategies Cost Reduction Strategies Price Reduction Inventory Reduction 171

Logility

MARCH 19, 2021

Drilling down, you’ll learn that demand planning, inventory, replenishment, manufacturing and Sales and Operations Planning (S&OP) capabilities are the building blocks of supply chain planning excellence. But these aren’t normal times, so let’s change the game, the tone, the degree of urgency.

Beverage 144

Beverage Food Modeling Supply Chain Planning Software 144

ToolsGroup

JUNE 8, 2021

Solid online research and structured interviews with potential vendors are a better way to accomplish that initial shortlisting exercise. #5 One of the reasons for this is that filling out an RFI is an exercise in creative writing for most vendors. 5 Blind spots. As noted above, creating an RFI from scratch can take hundreds of hours.

Supply Chain Planning Software 245

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 245

Enterra Insights

AUGUST 11, 2022

Make and exercise contingency plans. Businesses need to inventory the risks, as well as materials and products, in their supply chains in order to plan for and, in theory, mitigate those risks. Even the best plans won’t anticipate all contingencies, which is why they should be exercised for insights and shortfalls.

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Forecasting Software 130

Logistics Viewpoints

OCTOBER 21, 2021

The rapid shifts to eCommerce during the pandemic caused retailers and brand owners alike to flex their network nodes (where goods are made and inventories are stocked) significantly. However, with the new generation technologies, it now is practical to keep the data feeds fresh to make the modeling exercises a continuous, ongoing discipline.

Supply Chain Design Software 189

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Modeling 189

ToolsGroup

OCTOBER 11, 2017

You must be able to make a direct link between the forecasting accuracy improvement and customer service, cost, efficiency, inventory, cash flow or capability improvements,” says Gartner. 9% reduction in inventory obsolescence (percent of inventory value). Customer service must come from inventories.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Cathy Roberson

NOVEMBER 10, 2023

So, we're taking the necessary steps to position our portfolio for continued share growth, exiting the year with momentum for our brands and ensuring our inventory health is back to historical norms. We think that's a consequence of inventory levels generally normalizing and how many of our customers are approaching the holiday season.

Price Reduction 76

Price Reduction Inventory Reduction Reverse Logistics Retail 76

Logistics Viewpoints

JULY 22, 2021

nodes), flows of the products between origin-destination pairs, and policies (inventory, replenishment, asset utilization etc) with no clear accountability on how the recommendations make their way into planning and execution. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Slimstock

AUGUST 27, 2019

For anyone looking to minimize operating costs while maintaining margins, inventory allocation is one area that simply cannot be overlooked! Succeeding in today’s complex omni-channel environment means striving to achieve the perfect inventory allocation across multiple locations at a time when it has never been more difficult or costly.

Inventory Reduction 40

Inventory Reduction Waste Reduction Inventory Retail 40

AIMMS

JANUARY 30, 2019

None of the respondents share data across multiple applications to manage inventory, network design and S&OP in an integrated way. Care should be exercised though , because the same reasons that have made the technology more accessible should’ve made it more affordable.

Supply Chain Design Software 230

Supply Chain Design Software Supply Chain Network Software Network Design Software Network Optimization 230

Supply Chain Matters

AUGUST 15, 2022

Inventory Glut of Bicycles. In retrospect, they collectively ordered too much finished goods inventory from offshore supply sources. Cited are interviews with dealers who indicated multiple lost sales during the initial lockdown periods, because of not having any new bikes in inventory. West Coast were in excess of 200 days.

Inventory Reduction 52

Inventory Reduction Customer Service Price Reduction Cost Reduction Strategies 52

Enterra Insights

AUGUST 5, 2022

.”[1] Here’s the rub: “All those excess retail inventories are starting to weigh on warehousing markets. ” To make room for new inventory, many of America’s largest retailers are steeply discounting excess goods this summer. As a result, many retailers are sitting on excess inventory.”

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Inventory Reduction Price Reduction 130

Supply Chain Network

JUNE 7, 2011

Designed to enable wholesalers, manufacturers, retailers, and distributors to achieve best-in-class inventory management practices, NetSuite Demand Planning enables companies to forecast peaks and troughs in demand and minimize capital tied up in inventory.

Supply and Demand 110

Supply and Demand Inventory Management Software Demand Planning Supply Chain Planning Software 110

Logistics Viewpoints

SEPTEMBER 28, 2021

Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility. We should be able to see, with the click of a button, how much product is at the port of destination. And what is sitting in the warehouse. And at the cross-dock. And in the rail car.

Rail Software 188

Rail Software Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 188

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Many companies buy forward inventory ahead of tariffs being implemented. This strategy, however, may incur additional warehousing and storage costs, and firms may experience accounting challenges where an inventory is considered an asset, which could affect cash flow. Operational strategies. Buying forward. Business model strategies.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Arkieva

JUNE 2, 2016

The lack of a good forecast creates service issues, unbalanced inventories and operational firefighting costs. There is only 1 way to improve service and reduce cost and inventory in this type of situations: collaborative forecasting. Instead of ‘guessing’ what these customers will buy … review it with them.

Scenario Planning 60

Scenario Planning Supply Chain Planning Software Inventory Reduction Supply Chain Planning 60

Logistics Bureau

DECEMBER 18, 2017

Good inventory management, like everything else, starts with good planning. But planning isn’t just the start; it’s the very foundation of effective inventory control. Inventory planning also happens to be an area that many companies fail to prioritise sufficiently. The Basics of Inventory Planning.

Supply Chain Planning Software 40

Supply Chain Planning Software Inventory Reduction Inventory Management Software Supply Chain Planning 40

Logistics Viewpoints

MAY 26, 2022

There are lively debates about the meaning and prioritization of scale, globalization, outsourcing, and inventory optimization. Across many of our industries, conventional wisdom about best practices for supply chain operations and logistical networks is being challenged.

Logistics Network Optimization Software 263

Logistics Network Optimization Software Optimal Sourcing Supply Chain Design Software Modeling 263

Unleashed

DECEMBER 8, 2019

Find out how they manage their complex supply chain with the help of inventory management software. The harvesting process is a very labour intensive exercise. The inventory stock from the roasting and distributing centres must be passed onwards to retailers. Growing and harvesting. Transporting.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 95

Adexa

SEPTEMBER 8, 2022

Many of the supply side events or disruptions can be predicted and the likelihood of their occurrence accounted for by way response inventory, response capacity or simply reconfiguration of orders and suppliers. Receiving alerts and notifications may amount to hundreds per day. The post Is Supply Chain Visibility the Answer?

Supply Chain Visibility 59

Supply Chain Visibility Modeling Supply Chain Planning Software Supply and Demand 59

GlobalTranz

APRIL 6, 2021

The demand caught off-guard those retailers and suppliers who relied on just-in-time inventory practices. More consumers purchased bigger, bulkier items – furniture, exercise equipment, etc. COVID-19 triggered an unprecedented surge in panic buying of food, beverages, hand sanitizer, toilet paper, and other essentials. Overall, U.S.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

Logistics Viewpoints

MAY 22, 2023

A company can choose to maintain a high level of costly inventory to ensure short lead times, and a family can decide to live farther away from work and school but buy a bigger house. Moreover, this exercise might need to be repeated several times depending on how the war proceeds. But optimization is much more than that!

Supply Chain Design Software 178

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 178

Kinaxis

MARCH 27, 2018

The ability of a machine to perform human-like functions such as perceiving, reasoning, learning, interacting with the environment, problem solving and exercising creativity to form plans, make decisions and achieve goals. Artificial intelligence. Deep learning.

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Optimal Sourcing 261

DELMIA Quintiq

NOVEMBER 6, 2019

Supply chains have been optimized; warehouse inventory tracking has reached new levels of precision; production lines can operate with virtually no downtime. Artificial Intelligence will soon play a greater role during this exercise. Much has been done to improve manufacturing efficiency. But, what about overall workforce productivity?

Supply Chain Design Software 235

Supply Chain Design Software Manufacturing Optimization Software Predictive Analytics Software 235

Logistics Bureau

APRIL 19, 2021

If you’ve never done a benchmarking exercise before, read on. If, for example, you are concerned about the pick rates in your warehouse, or your transport costs, or your inventory accuracy, benchmarking can help you because it can show you exactly where your performance is compared to others in your industry. Informal Benchmarking.

Benchmarking 98

Benchmarking Supply Chain Performance Supply Chain Exercises 98

SYSPRO Smarter ERP

AUGUST 2, 2023

Challenge Four: Optimize materials planning and visibility By leveraging ERP analytics, medical device manufacturers can optimize inventory levels through accurate forecasting, minimizing forecast errors and improving order fulfillment performance.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Intelligent Audit

FEBRUARY 8, 2022

Enter Peloton, an exercise equipment and media company. For example, Peloton experienced inventory delays and took measures to correct this, including chartering a plane. What happened to Peloton could easily happen to many retailers and will likely serve as a case study for logisticians for years to come. So, what happened?

Supply Chain Planning Software 52

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Analytics Software 52

Supply Chain Matters

FEBRUARY 23, 2023

Our specific prediction was that manufacturers and retailers will exercise considerable pressure on carriers for re-negotiating existing transportation and logistics contracts. The report further indicates that many retailers have pulled back on inventory replenishment orders while continuing to work through backlogs of inventory.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Price Reduction Cost Reduction Strategies 52

AIMMS

JANUARY 30, 2019

None of the respondents share data across multiple applications to manage inventory, supply chain network design and S&OP in an integrated way. Care should be exercised though , because the same reasons that have made the technology more accessible should’ve made it more affordable.

Supply Chain Design Software 156

Supply Chain Design Software Supply Chain Network Software Network Design Software Supply Chain Software 156