ShipBob

OCTOBER 4, 2023

How you manage your inventory is a key factor that determines the efficiency, accuracy, and overall performance of your ecommerce operations. It involves closely tracking your inventory levels to replenish your stock at the right time and maintain inventory accuracy. What is inventory reduction? Let’s get started.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

West Coast and California Logistics

JANUARY 18, 2024

We’re talking about inventory postponement and, in this article, we’ll explain what it is, what its benefits are, and how to find a provider that can handle it for your supply chain. It may seem counterintuitive that a service with “postponement” in its name could increase speed and efficiency, but it can.

Inventory 103

Inventory Agile and Lean Supply Chain Supply Chain Supply and Demand 103

GlobalTranz

FEBRUARY 25, 2021

What is reverse Logistics? Before we dive in the nuances of reverse logistics, otherwise known as return logistics, integration, let's briefly recap what reverse logistics is. Reverse logistics refers to all operations related to the reuse of products and materials. Managing return logistic can be challenging.

Reverse Logistics 210

Reverse Logistics Logistics Network Optimization Software Material Savings Logistics 210

Logistics Viewpoints

MAY 26, 2023

And now on to this week’s logistics news. Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. The post This Week in Logistics News (May 20 – 26) appeared first on Logistics Viewpoints.

Negotiating Skills 202

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Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. This article explains what it is, how to measure and improve it, and how to improve your OTIF rate. It measures inventory availability and the ability to meet customer orders as they come in.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

DELMIA Quintiq

JULY 3, 2023

A main challenge is to avoid excessive inventory while maintaining enough stock for warm weather and not wait for summer to begin to make ice cream. It starts with planning and building inventory at the end of the year by implementing reliable demand forecasts plus sound inventory and production management.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimization Software Supply Chain Optimization Supply Chain Planning 156

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Investments in logistics and supply chains would potentially support wider product ranges, foster time savings and attract larger numbers of customers. Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits.

Forecasting 105

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SCMDOJO

APRIL 15, 2024

Ever wonder how Amazon gets your package to your door so quickly? The inner workings of logistics at Amazon are a marvel of efficiency, precision, and constant innovation. In this blog post, we’ll explore how Amazon does it all. Amazon Clients & Services Amazon’s logistics prowess extends beyond its operations.

Logistics Network Optimization Software 82

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 82

Logility

AUGUST 31, 2022

It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Disruption Optimal Sourcing Inventory Reduction 130

Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Management Software 74

Inventory Management Software Inventory Reduction Inventory Management Inventory 74

Logistics Viewpoints

JUNE 6, 2019

Managing inventory in 2019 has become an even more complex challenge according to our industry peers and PINC customers. In a recent podcast, an industry professional described how to better manage inventory in today’s dynamic business environment […].

Inventory Management Software 146

Inventory Management Software Inventory Management Inventory Supply Chain Software 146

ShipBob

OCTOBER 16, 2023

How to calculate reorder points ShipBob keeps reorder points simple Reorder point formula FAQs Maintaining proper inventory levels is an elegant dance that must balance consumer demand and supplier reliability. How do you strike the middle ground? Conversely, it can be costly to replenish inventory when you completely run out.

Forecasting Software 98

Forecasting Software Inventory Management Software Demand Planning Software Supply Chain Planning Software 98

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 84

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 84

Ware2Go

OCTOBER 22, 2021

Learn how to mitigate and avoid dead stock through strategic warehousing and inventory management to lower fixed costs, combat supply chain disruptions, and overcome current peak season challenges. Excess inventory is often caused by supply exceeding demand, resulting in slow-moving inventory that can incur expensive holding costs.

Inventory Reduction 98

Inventory Reduction Negotiating Skills Cost Reduction Strategies Inventory Management Software 98

QAD

FEBRUARY 20, 2024

Then there is the procurement of replacement materials / inventory. The root causes could lie in inaccurate forecasting, supplier underperformance, customs hold ups and other global logistics issues to name a few. The post How to Address Stock Loss with Process Intelligence appeared first on QAD Blog.

Manufacturing Procurement 96

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OptiProERP

APRIL 9, 2024

Integration with inventory management systems is crucial to accurately confirm product availability and delivery timelines. Collaboration between production, procurement, and logistics teams is essential to optimize resource utilization and minimize lead times. Order Management Once a quote is accepted, it transitions into an order.

Optimal Sourcing 52

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Elementum

OCTOBER 3, 2022

This article explains how to sufficiently optimize your supply chain. Through sustainability management, you will figure out the best ways to carry out your production, logistics, and other operations with minimal effect on the environment. The post How to Improve Supply Chains appeared first on Elementum.

Supply Chain Design Software 78

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ShipBob

SEPTEMBER 29, 2021

These are all forms of retail logistics. From managing inventory flow to ensuring that customers receive shipments on time, retail logistics streamlines the different stages of your ecommerce supply chain to keep your business running smoothly. What are retail logistics? COVID’s impact on retail logistics.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Optimization Software Inventory Management Software 52

BlueYonder

OCTOBER 5, 2023

How do you prepare your supply chain and logistics operations for a new tomorrow? During a recent “Logistics New Tomorrow” Blue Yonder Live, I spoke with Roy Bridgland, Senior Industry Strategy Director, and Brad Revell, VP of Logistics Service Providers (LSPs) Industry for Europe, Middle East and Africa (EMEA).

Logistics Network Optimization Software 112

Logistics Network Optimization Software Logistics Supply Chain Software Inventory Reduction 112

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

Let’s assume that I don’t go to a restaurant alone and my companion orders filled puff pastry – I wouldn’t tell the chef how to prepare it. He has a strong interest in the topics of Artificial Intelligence, Supply Chain Planning and Inventory Management. The Machine Learning Trap or How to Tell if You’ve Got the Right Waiter.

How To 246

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Unleashed

JANUARY 31, 2023

Lean logistics is a strategy designed to optimise supply chain efficiency by cutting out waste and maximising customer value. Let’s explore how to make it work for your business. In this guide to lean logistics: What is lean logistics? The result is high costs and unsatisfied customers.

Agile and Lean Supply Chain 98

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QAD

APRIL 11, 2024

As I discussed in a recent article in Food Logistics, it’s a powerful tool for predictive analytics, demand planning and business forecasting that shouldn’t be overlooked. How is AI Improving Supply Chain Management? The post How to Predict the Unexpected and Mitigate Supply Chain Disruption with AI appeared first on QAD Blog.

Predictive Analytics 73

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SphereWMS

SEPTEMBER 12, 2023

In the dynamic realm of logistics and supply chain management, understanding how to manage warehouse employees effectively is a critical success factor. The warehouse manager's role is pivotal, acting as the conductor orchestrating the symphony of operations that occur within the warehouse walls.

Warehousing 59

Warehousing How To Supply Chain Software Logistics Network Optimization Software 59

USC Consulting Group

APRIL 1, 2020

Sales, Inventory & Operations Planning (SIOP) is a dynamic process in which the company’s operating plan is updated on a regular monthly or more frequent basis. Another contribution of Sales, Inventory & Operations Planning is that it enables the company to fine-tune its long-range strategic plan and annual business plan.

Inventory Reduction 75

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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.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Elementum

AUGUST 15, 2022

Supply chain logistics and supply chain management are often used interchangeably, but they are not the same. So, in this article, we will discuss what these mean and how they are different. What Is Supply Chain Logistics? SCM covers a wider range of activities than supply chain logistics.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Optimization 78

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. What’s the difference?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 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? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 72

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Roambee

AUGUST 6, 2020

A pharma giant recently overcame its supply chain security and inventory management challenges and optimized their logistics using the power of real-time logistics visibility. Here’s the story of how they made it happen! This article aims to highlight the importance of a battle-tested pharma inventory management system.

Pharmaceutical 52

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SCMDOJO

DECEMBER 14, 2023

Production Lead Time: Beyond reducing carrying costs and inventory levels, an optimized production lead time empowers businesses to respond quickly to changes in market demand. Read more on “Optimizing Inventory and Lead Time Management” at our Website SCM DOJO! Cost Savings: Reduction in inventory holding costs.

Inventory Reduction 80

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Stord

MARCH 24, 2020

The demand spike for some goods leaves certain manufacturers and retailers scrambling to keep up, while others aren’t able to ship out inventory at all as e-tailer resources are rerouted toward emergency supplies. How do you prepare your supply chain for events that you can’t forecast?

Supply Chain Design Software 78

Supply Chain Design Software Inventory Management Software Supply Chain Network Software Forecasting Software 78

Zipline Logistics

JULY 27, 2021

Although the holiday season might seem distant, retailers begin pulling forward inventory in preparation for it starting sometime in mid-August. For best logistics outcomes, shippers should look to arrange transportation as soon as possible for upcoming purchase orders. Leverage Logistics Data. Build-in Lead Time. Contact Us.

Vendor Strategies 52

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FourKites

DECEMBER 11, 2020

What is inventory carrying cost? Inventory carrying cost, or more simply referred to as “carrying cost,” is the sum of all the costs associated with holding inventory or stock in storage or warehouse. Inventory carrying costs are something that anyone who sells a physical product has to deal with. Inventory Service Cost.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Resource Reduction 52

SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?

Logistics Network Optimization Software 93

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BlueYonder

JANUARY 18, 2024

Inventory that can’t be sold is a cost, and the shipping and logistics operation that gets it back to DCs is another cost. This is partly because return logistics are something of a blind spot when it comes to data, as retailers typically don’t measure very much about their e-commerce returns, full stop.

Logistics Network Optimization Software 57

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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. Here we give you a rundown of what VMI involves – from how this system usually runs, to the various features that a VMI system can include. Learn more: What is Inventory Management?

Vendor Strategies 98

Vendor Strategies Inventory Reduction Inventory Inventory Management Software 98

3PL Insights

FEBRUARY 17, 2020

Supply chains are subjected to numerous risks including incorrect orders, delayed shipments, inventory loss, and more. More recently, however, a major risk has materialized in the logistics industry – cybersecurity. Logistics, like most facets of operating a business, involves transferring sensitive information electronically.

Supply Chain Planning Software 90

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