ToolsGroup

JUNE 19, 2018

Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. Global supply and demand networks. Much of inventory is a hedge against uncertainty. Frequency of placing supply orders.

Optimization Software 197

Optimization Software Inventory Demand Planning Software Modeling 197

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 80

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 80

ToolsGroup

JUNE 19, 2018

Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. Global supply and demand networks. Much of inventory is a hedge against uncertainty. Frequency of placing supply orders.

Optimization Software 120

Optimization Software Inventory Demand Planning Software Modeling 120

Supply Chain Shaman

OCTOBER 22, 2015

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. Supply chain processes are now over 30-years old.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Inventory Supply Chain Planning Software 150

Unleashed

MAY 2, 2019

When it comes to improving a business’ inventory performance, interrogating the supply chain can be an intimidating prospect. Supply chains are complicated and difficult, and the prospect of change typically provokes a reflexive ‘if it isn’t broken, don’t fix it’ response.

Supply Chain Performance 73

Supply Chain Performance Supply Chain Software Supply Chain Waste Reduction 73

ToolsGroup

JULY 19, 2023

Unfortunately, despite the manifold benefits of a true digital twin, creating one that reflects an accurate, up-to-date status of your supply chain has been near-impossible – until now. With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before.

Real-time Visibility 295

Real-time Visibility Supply Chain Planning Software Modeling Scenario Planning 295

ThroughPut

DECEMBER 1, 2023

It involves constructing an accurate forecast of future demand based on supply drivers, aiming to meet customer needs as precisely as possible. With the unpredictable levels of demand fluctuations in today’s market, it’s crucial to effectively navigate the path to replenishment management in supply chains.

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Modeling Vendor Strategies 52

ToolsGroup

MARCH 7, 2023

The dynamic sourcing capability automatically smooths inventory targets day after day and ensures target service levels are achieved regardless of supplier constraints. Modularization enables engines like Stock-to-Service Curves to be provided as micro-services to other applications in the supply chain ecosystem.

Optimal Sourcing 156

Optimal Sourcing ToolsGroup Supply Chain Planning Software Scenario Planning 156

ToolsGroup

JULY 6, 2023

At ToolsGroup we are dedicated to helping companies optimize their supply chain performance, and it is very gratifying to be recognized as a market leader based on the opinions that matter most – those of our customers.” Read the press release here. See ToolsGroup’s listing on FeaturedCustomers here.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

Supply Chain Shaman

AUGUST 12, 2020

Heavily booked and running from meeting to meeting, I was late. The topic of the meeting was the logistics to launch of the AMR Research Top 25. As a research leader at AMR Research when I voiced the concern for a more rigorous peer group analysis in prior meetings, I hoped for a better outcome.

Gartner 239

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 239

The Logistics & Supply Chain Management Society

APRIL 26, 2022

The pandemic uncovered the dangers that a global crisis can pose to businesses when supply chains are not equipped to operate during crisis. Therefore, a strategy for resilience is necessary to meet the changing demands of consumers and ensure sustainable growth. Analytics for Diversifying the Supply Base.

Analytics Software 246

Analytics Software Supply Chain Planning Software Supply Chain Software Predictive Analytics 246

Clear Spider

OCTOBER 26, 2022

For many of these successful companies, a Vendor Managed Inventory (VMI) system is the secret to their enviable growth. To break it down, efficient supply chain and inventory management practices should do two things: minimize inventory costs and maximize profits. Why Vendor Managed Inventory?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 52

Supply Chain Shaman

SEPTEMBER 20, 2015

Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. For many companies starting a demand-driven journey, adopting SanDisk’s customer-centric strategies would be a great starting point to improve supply chain performance.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Trend

MARCH 20, 2024

One crucial aspect of this decision-making process occurs in the sales and operations execution horizon—a critical 13-week window where key stakeholders gather weekly to navigate the complexities of demand planning, supply management, inventory allocation, and more.

Supply Chain Software 60

Supply Chain Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 60

Logistics Viewpoints

AUGUST 18, 2021

A post from June discusses how the pandemic has disrupted supply chains focuses on the rapid deceleration and subsequent acceleration of economic activity and the friction of getting back up to speed. Supply shortages, low inventory to sales ratios, and hiring lags are noted as factors at play. Yesterday, the U.S.

Supply Chain Disruption 316

Supply Chain Disruption Manufacturing Procurement Supply Chain Purchasing Skills 316

ThroughPut

MAY 9, 2024

The primary objective of demand planning software is to ensure that businesses can meet customer demands efficiently without overstocking or understocking inventory. These forecasts enable companies to optimize inventory levels, align production schedules, manage resources effectively, and improve overall supply chain performance.

Supply and Demand 52

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 52

Logility

AUGUST 24, 2016

How do you know if meaningful inventory optimization is possible for your life sciences organization? Supply chains in all branches of the industry involve high-value, high-margin items that tend to trap large amounts of working capital in excess inventory, so the potential benefit is real.

Optimal Sourcing 100

Optimal Sourcing Modeling Supply Chain Optimization Inventory Reduction 100

Logility

AUGUST 24, 2016

How do you know if meaningful inventory optimization is possible for your life sciences organization? Supply chains in all branches of the industry involve high-value, high-margin items that tend to trap large amounts of working capital in excess inventory, so the potential benefit is real.

Optimal Sourcing 100

Optimal Sourcing Modeling Supply Chain Optimization Inventory Reduction 100

Logility

MARCH 21, 2023

But at the end of the day, both CFOs and chief supply chain officers (CSCOs) have the same common goal: meeting or exceeding the targets for corporate margins. Promote the right stock at the right time Statistically, causal-driven forecasts can be used to understand how sales have historically performed.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimal Sourcing Scenario Planning Supply Chain Planning 130

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

QAD

NOVEMBER 16, 2023

The transformation has touched all inventory levels from material sourcing to end product delivery. Sustainable packaging not only aligns with corporate social responsibility but also meets regulatory requirements and enhances brand reputation. Packaging by Category Different inventory categories require specific packaging solutions.

Packaging 95

Packaging Supply Chain Transformation Manufacturing Procurement Sustainability 95

Logistics Viewpoints

APRIL 10, 2024

Redundancy is the ability of a supply chain to have extra or alternative resources and options to cope with disruptions. A redundant supply chain has spare or backup capacity, such as inventory, equipment, facilities, and suppliers, that can be activated or mobilized in case of disruptions.

Baltimore 250

Baltimore Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 250

SCMDOJO

APRIL 29, 2024

Planning: This stage involves forecasting demand, setting production schedules, and creating a strategic framework for the entire supply chain. Planning ensures that resources are allocated effectively and that production and distribution meet customer demand.

Supply Chain Planning Software 83

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 83

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Functions of the Supply Chain Department The supply chain department is responsible for a wide range of functions, each contributing to the overall efficiency of the supply chain.

Optimal Sourcing 75

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 75

Unleashed

APRIL 9, 2024

OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. It measures inventory availability and the ability to meet customer orders as they come in. This results in increased holding costs and a greater risk of inventory obsolescence.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

QAD

FEBRUARY 21, 2023

This builds a more effective manufacturer-supplier partnership that lowers inbound supply costs and improves supplier performance. Both parties gain from accurate and timely access to order, shipment, schedule, invoice, inventory and other related information.

Manufacturing Procurement 94

Manufacturing Procurement Supply and Demand Inventory Reduction Demand Planning Software 94

Talking Logistics

APRIL 16, 2015

Inventory optimization has always been a challenge while designing and planning a supply chain. A variety of barriers can impact an effective inventory strategy, such as working in functional silos and demand/supplier volatility¹. Asking the Right Inventory Questions. What are my lost sales?

Inventory Reduction 100

Inventory Reduction Material Savings Cost Reduction Strategies Price Mitigation Strategies 100

Supply Chain Shaman

JUNE 24, 2022

The future inventory fire sale. I am attempting to understand the choices companies make and the impact on supply chain performance. My second question is, “ Why are all industries not modeling consumption patterns to manage backlogs in the face of the pending recession and inventory fire sale?”

Supply Chain Planning Software 379

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 379

Silvon Software

JULY 22, 2022

Supply chain performance KPIs are invaluable measurements that support the growth and success of a company’s supply, fulfillment and delivery efforts. While supply chain KPIs should be chosen based on your organization’s specific needs, certain ones are effective for most businesses. Cash-to-Cash Time Cycle.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Logility

NOVEMBER 28, 2023

By moving beyond conventional, backward-looking methods, planning can forecast demand and inventory at the speed of the market. Planners strategically examine procurement and sourcing practices and align production and distribution to meet product demand. Demand and S&OP is not only about repeating history.

S&OP 130

S&OP Supply and Demand Supply Chain Planning Software Scenario Planning 130

Silvon Software

JUNE 1, 2023

But how do you know if you are using the right KPIs, including both stakeholder and supply chain performance measures? Use appropriate reporting mechanisms such as dashboards, scorecards, or periodic performance reports. Implement these changes systematically to drive better material flow performance.

S&OP 103

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 103

Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. There are numerous supply chain metrics that a company can choose to track.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Supply Chain Shaman

APRIL 16, 2014

On the 2nd of April, I sat before a board discussing how a company could exceed expectations in the delivery of Return on Invested Capital (ROIC) and superior operating margins and fail at the delivery of customer service and inventory. Supply chain matters more, but it is understood less and less. Product quality issues.

Supply Chain Design Software 280

Supply Chain Design Software Agile and Lean Supply Chain Modeling Supply Chain Planning Software 280

QAD

JUNE 20, 2023

A well-functioning supply chain ensures that a company has the right materials, at the right time, in the right quantities, to meet customer demand. One area that is often overlooked is the impact that the plant floor can have on overall supply chain performance and success.

Optimal Sourcing 89

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 89

Supply Chain Shaman

DECEMBER 28, 2020

Strangely, in the last decade, while companies had the opportunity to use technology better, supply chain performance declined. Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. Days of Inventory Comparison.

Supply Chain Planning Software 415

Supply Chain Planning Software Forecasting Forecasting Software Modeling 415

Logility

FEBRUARY 8, 2024

With demand sensing, organizations can predict shifts in demand more accurately, leading to improved inventory management, optimized resource allocation, and increased customer satisfaction. Our range of services includes a broad spectrum of prescriptive supply chain solutions, integrated into a comprehensive, end-to-end platform.

Supply and Demand 130

Supply and Demand Supply Chain Planning Software Supply Chain Design Software Modeling 130

Supply Chain Matters

AUGUST 22, 2022

In this Supply Chain Matters industry specific commentary, we make the observation that retail industry sales and operations planning and demand support teams, given the current state of recent business financial performance, need to up their game in supply network inventory management agility and added responsiveness. .

Inventory Management Software 52

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