ToolsGroup

APRIL 3, 2023

Many of the attendees we spoke to reported that they and their counterparts across the industry are exploring the ability to sell through a marketplace with a focus on Shopify emerging as a top partner. This way, they can prepare inventory to fulfill demand most effectively for that channel before they are hit with spikes in demand.

Inventory Reduction 156

Inventory Reduction Price Reduction Supply Chain Planning Software Forecasting Software 156

Ware2Go

DECEMBER 8, 2021

Learn how a perpetual inventory system can improve customer experiences, decrease inventory carry costs, and simplify your inventory management. Inventory is often SMB’s largest asset and managing it effectively makes or breaks the business. What is a perpetual inventory system?

Inventory Management Software 52

Inventory Management Software Forecasting Software Optimization Software Demand Planning Software 52

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) At the time, I was fascinated how the most mature teams bucked the system.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

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 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

SCMDOJO

DECEMBER 18, 2023

Ensuring Timely Repairs: Having a well-managed inventory of spare parts ensures quick and timely repairs. Improving Employee Productivity: A well-managed spare parts inventory ensures that employees can swiftly access the components they need. Let’s explore the key strategies to ensure your maintenance operations run smoothly.

Inventory Reduction 63

Inventory Reduction Optimal Sourcing Expense Reduction Vendor Strategies 63

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

JUNE 22, 2023

Unlocking the synergy between consulting services, ERP systems, and inventory management is the key to creating a powerhouse of efficiency. Together, consulting and ERP complement each other to improve your inventory management system. Together, consulting and inventory management improve efficiency.

Inventory Management Software 72

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Optimization Software 72

Supply Chain Shaman

AUGUST 12, 2020

Each company defines supply chain organizations slightly differently and balance sheet progress requires the management of a balanced scorecard in a complex, non-linear system. After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital.

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. The decline in inventory turns uses cash. I pulled up my covers to go to sleep four hours later. My question is, “Why?”

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

GlobalTranz

NOVEMBER 10, 2015

For these companies, the use of a dedicated transportation management system, such as Cerasis™ Rater , can be deployed to lower transportation costs across the entire supply chain. However, costs can be further reduced through the use of a warehouse management system (WMS). Understanding Warehouse Management Systems.

Supply Chain Planning Software 120

Supply Chain Planning Software Inventory Management Software Optimization Software Inventory Reduction 120

Unleashed

JUNE 7, 2023

Inventory optimisation is the process that enables efficient inventory management. In this guide, we define inventory optimisation and offer a few actionable tips and strategies for getting it right every time. In this inventory optimisation guide: What is inventory optimisation?

Inventory Management Software 52

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

Unleashed

MARCH 26, 2023

If you’re running a product business and using Xero for your accounting, you’ll need to implement some form of inventory management. While the platform offers some inventory features of its own, many businesses will require something with greater functionality. Do you need integrated Xero inventory software?

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 52

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. Unsold products on store shelves. Confusion around pricing and promotion.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Enterra Insights

NOVEMBER 22, 2022

Reporter Erika Edwards ( @erikaedwardsnbc ), and her colleague Dr. Akshay Syal, observe, “Hospitals nationwide are preparing for another winter with Covid — the first one that’s also expected to include high levels of influenza and other respiratory illnesses that have simmered quietly in the background for the past two years.

Omnichannel 130

Omnichannel Purchasing Skills Agile and Lean Supply Chain Procurement Analytics 130

Supply Chain Shaman

AUGUST 2, 2017

A frequent mistake is letting each business build their own systems without governance. I frequently see groups of supply chain leaders arguing about the right for individual businesses to define their own systems/process. If one business has a weekly planning system, and another has a monthly system, good luck!

S&OP 154

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 154

ThroughPut

APRIL 20, 2021

Artificial Intelligence In Inventory Management – How To Optimize Your Warehouse Inventory Management. Why is optimizing Warehouse Inventory Management a need of the hour? Inventory management involves creating a balance between demand and supply with the right amount of stock at the right place, at the right time.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Optimization Software 52

Unleashed

NOVEMBER 26, 2018

Prior to the industrial revolution, inventory control was all but not existent. Or perhaps they wrote down all sales and deducted the transactions from the inventory quantities they presumed they had. Then along came the punch card system. Managers could then record inventory stock and sales data.

Supply Chain Planning Software 61

Supply Chain Planning Software Inventory Reduction Inventory Management Software Analytics Software 61

Supply Chain Shaman

AUGUST 2, 2017

A frequent mistake is letting each business build their own systems without governance. I frequently see groups of supply chain leaders arguing about the right for individual businesses to define their own systems/process. If one business has a weekly planning system, and another has a monthly system, good luck!

S&OP 152

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 152

QAD

MAY 4, 2022

Whether you’re brand new on your ERP journey or have been considering implementing an ERP system for a while, one question you can’t escape is: How much does ERP cost? What is an ERP System? . The greatest benefit to ERP systems is having one reliable source of truth for your company. Inventory Management. Supply Chain.

Supply Chain Planning Software 52

Supply Chain Planning Software Purchasing Skills Inventory Management Software Modeling Software 52

Supply Chain Shaman

JULY 3, 2015

Inventory Turns (15%) (based on 2014 results). Opinion makes up 50% of the rating; and in the ranking system, company comparisons are against each other with little consideration of industry drivers. This year, I want to ask readers to not perpetuate a HOAX. These reports are a deep analysis of an industry.

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

EMERGE App

FEBRUARY 22, 2019

But while the newly arrived goods sit in your warehouse, did you know that there are also costs associated with keeping inventory? They are collectively called inventory carrying costs because they need to be paid to hold inventory. Here, we’ll explore what is meant by inventory carrying costs and their examples.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Purchasing Skills Inventory 75

ShipBob

SEPTEMBER 29, 2021

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. Stages of the retail logistics process includes warehouse receiving , inventory management, fulfillment, and shipping.

Optimal Sourcing 52

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

Supply Chain Shaman

JANUARY 22, 2013

In short, we cannot put a wrapper around ERP, traditional reporting, or traditional fulfillment and call it Big Data, Customer-Centric Retailing or Omni-Channel Fulfillment. System integrators want to sell what they know, and solution providers want to sell what they have. To make it worse, we have a broken ecosystem.

Supply Chain Design Software 234

Supply Chain Design Software Analytics Software Supply Chain Network Software Modeling Software 234

Supply Chain Shaman

OCTOBER 20, 2012

Here is the list: Supply chain technology implementations have reduced inventory. Here they are: The Lie of Inventory Reduction. Over the course of the last decade, I have carefully recorded and reported presentation after presentation from conference after conference and interview after interview with supply chain leaders.

Inventory Reduction 261

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 261

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Yes, our parents perpetuated the image of that elderly white-haired gentleman, a symbol of Christmas love. There is also no Santa Claus. Sorry to break the news. Barrier #3.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Unleashed

APRIL 4, 2022

Keeping record of stock is a critical part of any product-based business – and in many places it’s a legal requirement and part of end-of-year reporting obligations. Here we home in on different ways to do this – from pen & paper to inventory management software – and outline key features that will improve your stock management.

Inventory Management Software 98

Inventory Management Software Demand Planning Software Forecasting Software Procurement Solutions 98

RFgen

MARCH 22, 2023

And if you haven’t already, make sure you have mobile barcoding integrated into your inventory handling processes to ensure resilience and agility when it comes time to pivot. Mobile barcoding can also prevent inventory management mistakes, reducing the rate of returns and lost stock, both of which cost the company money.

Waste Reduction 52

Waste Reduction Material Savings Inventory Reduction Supply Chain Planning Software 52

Supply Chain Shaman

AUGUST 1, 2013

Today’s conventional supply chains only respond, and the design of the systems usually gives us a “fairly dumb response” based on history. As a result, organizations are usually struggling to write off SLOB (slow and obsolete inventory). The other company reported a serious decline in earnings.

Modeling 226

Modeling Supply and Demand Supply Chain Design Software Optimal Sourcing 226

Veridian Solutions

MARCH 4, 2019

Companies across the globe are looking for ways to stay competitive, including using a modern day warehouse management system, to achieve intelligent fulfillment. This may be as simple as shifting inventory closer to the market, using stores-as-a-distribution center, and connecting with consumers. Get the Right Talent.

Prescriptive Analytics Software 58

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Software 58

Logistics Bureau

JANUARY 7, 2020

Conversely, just 8% of businesses with less capable supply chains report above-average growth. 2) According to a 2012 report into corporate insolvencies by the Australian Securities and Investments Commission, 44% of businesses in Australia failed because of poor strategic management. Pioneered the use of vendor-managed inventory.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Vendor Strategies 101

Unleashed

JANUARY 11, 2024

How effective is your inventory system ? We asked each of our customers the same question: What led you to upgrade your inventory management system? You’re spending too much time on manual inventory processes The number one reason most businesses move to a new inventory system is to save time.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Optimization Software 52

Unleashed

JULY 6, 2023

Correctly attributing costs is critical in inventory management because it directly affects your profitability. This article clearly defines one of the main types of inventory in a business: merchandise inventory. What is merchandise inventory? Merchandise inventory includes any unsold stock ready for sale.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Action Blog

MARCH 12, 2015

Citing client examples the report states, “Perpetual planning enables more accurate demand and supply knowledge, as well as more accurate production and assembly status that can lower processing and inventory costs. That is both a threat and an opportunity.

Prescriptive Analytics Software 40

Prescriptive Analytics Software Analytics Software Predictive Analytics Supply Chain Planning Software 40

Unleashed

JANUARY 11, 2023

And every time this happens, an inventory write-off is necessary. Link Reporting Co-founder and all-round accounting expert, Will McTavish, explains what inventory write-offs are, why they matter, and how to conduct one. In this guide to inventory write-offs: What is an inventory write-off?

Inventory Reduction 96

Inventory Reduction Inventory Expense Reduction Cost Reduction Strategies 96

EMERGE App

AUGUST 5, 2018

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this. Two Essential Features of Inventory Management Today.

Inventory Management Software 45

Inventory Management Software Inventory Management Inventory Reduction Inventory 45

EMERGE App

JANUARY 21, 2021

The Periodic Inventory System is an inventory management tool where a physical count of available inventory is conducted on a periodic/scheduled basis. It allows businesses to account for their beginning and ending inventory for a specific period of time. When To Use The Periodic Inventory System.

Inventory Management Software 52

Inventory Management Software Modeling Software Optimization Software Demand Planning Software 52