Logistics Viewpoints

MAY 26, 2023

Last night, I took my 13-year-old son to see the movie Air, which tells the story of how Nike pursued basketball rookie Michael Jordan in 1984 to sign with the company. That move, and Michael Jordan’s incredible talent and business acumen, has turned the Jordan brand into a multi-billion-dollar business. Inventories at U.S.

Negotiating Skills 202

Negotiating Skills Pricing Training Jordan Purchasing Training 202

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. Source: Insider.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. These are the 10 most crucial metrics for SMEs – so you can get started on reducing inefficiencies and cutting costs. Explore our live inventory calculators and formulas page. In this article on inventory performance measures.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

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

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

ToolsGroup

DECEMBER 2, 2021

There’s been a lot of change in how we view supply chain demand forecasting: we moved from a focus on supply—what and how much to supply or replenish—to the demand-driven supply chain, which placed too much emphasis on the intermediate goal of an accurate demand forecast. This leads to excessive costs, waste and obsolescence.

Inventory Reduction 156

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 156

ShipBob

DECEMBER 13, 2023

The success of any ecommerce business depends greatly on how it manages its inventory health. Now, for some, inventory health may not be an immediate concern. You might say, “I’ll just order plenty of inventory and wait until it sells out.” What is inventory health?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Unleashed

JULY 23, 2023

When you monitor how fast you pick orders or how much an item costs to produce, you get an idea of the profitability of that process. The 10 best manufacturing KPIs for improving efficiency Manufacturing KPIs determine operational performance, timeliness of tasks, and financial costs.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Logistics Viewpoints

AUGUST 12, 2022

In a recent report, IEA indicated that global battery and mineral supply chains need to expand ten-fold to meet projected critical minerals needs by 2030. In a recent report, IEA indicated that global battery and mineral supply chains need to expand ten-fold to meet projected critical minerals needs by 2030.

Logistics Network Optimization Software 227

Logistics Network Optimization Software Modeling Logistics San Antonio 227

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 106

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 106

Precoro

SEPTEMBER 4, 2023

But how can companies unlock this capital? By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory. According to The J.P. The answer lies in their cash conversion cycles. What does the cash conversion cycle mean?

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

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. Reductions in Profit Growth.

Modeling 130

Modeling Inventory Reduction Supply Chain Optimization Packaging 130

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. In Figure 1, we detail the methodology calculation. We complete the analysis each year.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

Unleashed

APRIL 18, 2023

Great inventory management comes down to good systems, good processes, and constant improvement. The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Precoro

FEBRUARY 12, 2024

You’ll learn how liquidity impacts working capital and the role it plays in attracting outside funding, understand liquidity ratios, and discover the best practices for building a liquidity management strategy. But why is liquidity management so important? However, others, like fixed assets (e.g.,

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Unleashed

JULY 12, 2023

Inventory is often the largest current asset in a business. How effectively it’s managed, tracked, and sold can mean the difference between healthy cash flow and going broke. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business.

Inventory Reduction 52

Inventory Reduction Examples Inventory Material Savings 52

ShipBob

JULY 31, 2020

It’s hard to determine if you’re going to reach revenue goals if you don’t know much your inventory is worth. For ecommerce businesses, keeping track of inventory and its value is crucial. By choosing the right inventory tracking method, you can better manage your ecommerce inventory and forecast potential profit.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Inventory 52

ToolsGroup

OCTOBER 25, 2022

It never occurred to me then that someone had to decide how many pumpkins to stock in my little town, or how many tubs of orange icing would be needed for school cupcakes, or how much assorted candy would be required for neighborhood Trick-or-Treating. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Unleashed

AUGUST 23, 2021

A crystal ball sometimes wouldn’t go amiss in inventory forecasting. Here we explain the methods and formulas you can use to improve your inventory forecasting, and best practices for your business when designing and carrying out this process. Read more: What is Inventory Management?

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Inventory Management Software 98

ShipBob

NOVEMBER 22, 2021

Knowing how your business is currently performing is critical for every ecommerce retailer. From marketing to website design to inventory stocking – analyzing data helps DTC brands create data-driven strategies. All of those insights will tell you how to strategically make decisions that will help you in the long run.

Procurement Analytics 98

Procurement Analytics Analytics Software Analytics Optimal Sourcing 98

Ware2Go

JANUARY 26, 2022

Learn how to calculate how much safety stock you should carry to protect against stockouts without inflating your inventory carry costs. Inventory is typically categorized in one of two ways. In fact, concerns around low inventory levels were front-page news during the holiday 2021 shopping season.

Inventory Reduction 52

Inventory Reduction How To Price Reduction Purchasing Skills 52

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? Inventory KPIs: Inventory Aging, Inventory Turnover Ratio.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

ShipBob

APRIL 13, 2021

How ShipBob helps retailers track and achieve ecommerce KPIs. reorder more inventory sooner if you’re selling through it quicker than your inventory forecasts estimated). Measuring key performance indicators (KPIs) is vital to the health of your business. Table of Contents. What are ecommerce KPIs? Sales KPIs. Marketing KPIs.

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

Enterra Insights

JUNE 22, 2021

The tragic, fiery, multi-vehicle crash on a storm-slicked highway in southern Alabama over the weekend reminds us how disruptive and destructive the hurricane season can be. The warning came as Colorado State University released a forecast predicting an above-average hurricane season this year.”[2] ” Journalists Jen A.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Supply Chain Strategy Modeling 130

Precoro

JULY 16, 2023

Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. Making sure the correct spare parts are easily accessible when needed can greatly boost profits and how well it operates. Ready to enhance your spare parts management?

Inventory Reduction 63

Inventory Reduction Optimal Sourcing Expense Reduction Vendor Strategies 63

American Global Logistics

JANUARY 30, 2024

Understanding the underlying data and their trends can influence how you run your business, shaping your success in these volatile, uncertain, complex, and ambiguous (VUCA) times. Key Economic Indicator #1: Gross Domestic Product (GDP) The Bureau of Economic Analysis (BEA) reported that the annual US GDP rate increased in December 2023.

Supply Chain Strategy 52

Supply Chain Strategy Supply Chain Optimization Supply Chain Price Reduction 52

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Inventory Management Software 98

Inventory Management Software Inventory Management Procurement Solutions Forecasting Software 98

ToolsGroup

FEBRUARY 7, 2022

The Retail Trends Shaping How We Shop in 2022. Whichever reasons fuel the motivations of your target market, here are the top trends shaping how they’ll buy – and how you can stay front of mind and ahead of the competition. As 2021’s holiday shopping statistics proved, pandemic or not, consumers are willing to spend. (My

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Unleashed

DECEMBER 28, 2021

In these fast-moving days of technological advancement and economic change, a lot of manufacturers are talking about going ‘lean’. One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. Techniques for 2022. Less waste.

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Managing inventory is a complex business. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. Inventory turnover ratio.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Analysis 52

SCMDOJO

OCTOBER 7, 2022

Logistics KPIs (Key Performance Indicators) measure how well an organization logistics function is performing. Logistics is the central system that controls physical inventory flow in a supply chain. Logistics is the central system that controls physical inventory flow in a supply chain. Conclusion. Key Performing Indicators.

Optimal Sourcing 109

Optimal Sourcing Logistics Network Optimization Software Logistics Supply Chain Design Software 109

Ware2Go

APRIL 28, 2023

Learn how businesses of all sizes are decreasing dock-to-stock time and streamlining the inbounding process. As soon as money is spent on inventory, the clock starts ticking. The longer dock-to-stock time is, the more merchants feel the opportunity cost of not having capital on-hand. Inventory is received at the loading dock 2.

Warehousing 52

Warehousing Forecasting Software Optimization Software Supply Chain Software 52

American Global Logistics

OCTOBER 25, 2023

Understanding data, trends, and economic indicators can influence how you run your business, shaping your success in these uncertain times. These indicators provide insights into how the economy is doing. This report has logistics-specific indicators critical to your business. The only thing certain is uncertainty. in September.

Price Reduction 52

Price Reduction Inventory Reduction Cost Reduction Strategies Resource Reduction 52

GlobalTranz

DECEMBER 5, 2018

Black swans in the supply chain refer to unexpected, unusual disruptions within the supply chain, reports Melanie Nuce of Inbound Logistics. For shippers, this means finding a way to handle changes in inventory and replenishment, as well as managing outbound freight and reverse logistics. DOWNLOAD CALCULATOR.

Price Reduction 168

Price Reduction Resource Reduction Cost Reduction Strategies Inventory Reduction 168