Unleashed

FEBRUARY 14, 2024

Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

crisp

SEPTEMBER 29, 2023

Settle, a pioneering cash flow management company, and Crisp, a leading retail data platform, are setting a new standard for operational excellence in the consumer goods industry. Crisp’s recent partnership with Settle is grounded in our shared vision: to unlock unprecedented operational efficiencies for consumer goods companies.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Supply Chain Design Software Analytics Software 52

SCMDOJO

MARCH 15, 2023

ChatGPT technology is revolutionizing supply chain management and transforming companies’ operations. In addition, we will take a closer look at how ChatGPT systems can help businesses streamline their operations, enhance efficiency, and facilitate better communication. If you are not familiar with ChatGPT, don’t worry!

Supply Chain Design Software 126

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Software 126

Precoro

SEPTEMBER 4, 2023

A well-managed cash conversion cycle contributes to liquidity and enhances a company's financial health. The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. How do you calculate the cash conversion cycle formula?

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

SCMDOJO

JULY 29, 2022

What is Economic Order Quantity (EOQ) Equation & Graph: The basic formula is as follows: EOQ = Economic Order Quantity, C = Cost of the item, I = Annual inventory carrying cost, D = have different names: “Annual anticipated demand”, or “annual sales volume/ unit”, “forecasted demand”, and “annual usage rate”. S = Cost per order.

Sourcing Strategies 103

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Boston 103

Unleashed

JULY 23, 2023

They provide clear insights and benchmarks around the operational efficiency of specific manufacturing processes. The 10 best manufacturing KPIs for improving efficiency Manufacturing KPIs determine operational performance, timeliness of tasks, and financial costs. In this manufacturing KPIs guide What are KPIs in manufacturing?

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

SYSPRO Smarter ERP

OCTOBER 11, 2021

Each day these manufacturers manage complex supply chains , carry out highly precise production, and must negotiate a raft of regulations. To operate in this environment, manufacturers need technology to improve speed, quality, and efficiency and streamline their processes. What is process manufacturing? Types of process manufacturing.

Manufacturing Procurement 119

Manufacturing Procurement Manufacturing Supply Chain Planning Software Purchasing Skills 119

Unleashed

JANUARY 31, 2023

In-transit inventory is a frequently overlooked aspect of inventory management and accounting for product businesses. Let’s break down what it is, how to calculate its value, plus a few tricks for smarter management of in-transit goods. What is in-transit inventory? Who owns in-transit inventory?

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Supply Chain Planning Software 98

Unleashed

JULY 25, 2023

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. It calculates the average number of days it takes you to sell your inventory and highlights how efficiently you use your inventory assets.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

JUNE 1, 2023

At a certain point, manual inventory management becomes no longer feasible. Perpetual inventory system definition A perpetual inventory system centralises your inventory data and tracks your inventory in real-time to give you a precise inventory count instantaneously. But there are some downsides.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Optimization Software 52

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. This guide explores the ins and outs of managing raw materials in a manufacturing business, with examples and actionable tips for improving your processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

ShipBob

DECEMBER 25, 2023

When it comes to supply chain management , most ecommerce businesses are prepared for the worst while hoping for the best. It can happen simply due to ineffective planning, risk management, warehouse use, or sourcing strategies. This approach contrasts with how many business owners currently manage their supply chains.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Inventory Management Software Supply Chain Software 52

Unleashed

DECEMBER 11, 2022

Efficient warehousing is all about knowing what’s working, what’s failing, and what can be improved. When you measure and analyse the right warehouse KPIs, you can make better-informed business decisions based on real data. Put simply, Warehouse KPIs measure how efficiently your warehouse is performing.

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Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

Unleashed

OCTOBER 6, 2021

Here we explain how you can do this with 16 cost reduction strategies in inventory management?that Consider Vendor Managed Inventory One way to save costs in inventory is to shift the responsibility of its management to your suppliers using a VMI system. that are each proven to reduce a company’s costs.?

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Unleashed

MARCH 7, 2022

Here we give you the complete guide to PAR levels – including what they are, who can use them, their benefits, the PAR level formula, examples, and tools you can use to manage your inventory using this method. What are the benefits of using PAR levels in inventory management?

Inventory Management Software 98

Inventory Management Software Inventory Reduction Inventory Management Examples 98

OptiProERP

MARCH 16, 2022

Inventory is something many businesses struggle to manage effectively. When you don’t have good inventory management it hurts your business’s cash flow and profit margins. Manually inputting data, copying and pasting numbers from row to row and column to column, and writing formulas are actions ripe for human error.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Optimal Sourcing Manufacturing Procurement 52

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. Retail KPIs give a business real data on its productivity, efficiency, costs, and more. But how do you know if all that hard work is paying off?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

ShipBob

MARCH 3, 2022

Only when you know how much it costs to produce or procure a single unit of any SKU can you make more informed decisions on how much to sell it for. Additionally, a lower cost per unit can also identify gaps in internal efficiencies. Reflects efficiency of your business. The importance of cost per unit. Marketing and sales.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

Supply Chain Opz

JUNE 23, 2014

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. Believe it or not, many fancy forecasting methods have not been tested extensively in the real-world situations.

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Inventory Management Software Inventory Management Inventory Reduction Inventory 220

Supply Chain Game Changer

FEBRUARY 15, 2022

For many people who work in Supply Chain Management, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. But in truth the most effective and efficient Supply Chain operations, and Supply Chain leaders, transcend these basics. Creating a High Performance Organization! Infographic).

Supply Chain Design Software 92

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Management Software 92

Unleashed

AUGUST 11, 2020

Effective inventory management is crucial to reducing costs in any manufacturing business. The right software will also improve operational processes, boost warehouse efficiency and reduce waste. Good food manufacturing software provides a means to track inventory in real-time, through every step of the supply chain.

Manufacturing Procurement 89

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Forecasting Software 89

ShipBob

MARCH 9, 2022

There are many different ways brands can offer a positive customer experience – one of them is optimizing the order management process to enhance order fulfillment and improve order accuracy rates. A key step to optimizing your order management process is by improving the order cycle time. What is order cycle time?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Software How To 52

Taulia

MARCH 14, 2023

Effective working capital management – a process usually geared around improving working capital by freeing up cash trapped on the balance sheet or in inventory – is crucial in turbulent economic conditions. Working capital is the lifeblood of a business. That makes it an undeniably important part of building a strong business.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Expense Reduction Cost Reduction Strategies 52

Unleashed

AUGUST 16, 2023

If you’re new to order fulfilment and inventory management , you’ll need a firm understanding of the backorder process. That’s why we’ve used this article to break down what backorders are, how they can be managed efficiently, and the pros and cons of having products on backorder. What does backorder mean?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

Unleashed

APRIL 12, 2023

For wholesalers and manufacturers, the sheer size of customer orders can make B2B fulfillment a serious challenge: Product volumes directly impact storage and management costs, and increase the damage done whenever mistakes are made. Outsmart your competition: Check out the Unleashed 2023 Supply Chain Management Guide.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Supply Chain Design Software Supply Chain Software 52

ShipBob

FEBRUARY 25, 2022

Ecommerce businesses need to closely monitor their performance across the supply chain so they can optimize their processes and increase efficiency. OTIF is an important metric to track because it helps ecommerce businesses to understand the efficiency of their fulfillment and delivery process. What is OTIF?

Optimal Sourcing 52

Optimal Sourcing Real-time Visibility Procurement Analytics Supply Chain Planning Software 52

Supply Chain Opz

MARCH 26, 2015

Most inventory control and operations management books tell people to choose a forecasting model that produces the lowest forecast errors. Believe it or not, many fancy forecasting methods have not been tested extensively in the real-world situations. Inventory control often starts with how to know the demand of particular product.

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

Supply Chain Opz

MARCH 26, 2015

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. Believe it or not, many fancy forecasting methods have not been tested extensively in the real-world situations.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Reduction Forecasting 100

AFFLINK

MARCH 20, 2017

Big data is also transforming how business leaders are getting things done with new insights into what might otherwise be a medley of indecipherable numbers, formulae, and text. Furthermore, using big data allows businesses to enhance customer interactions and operational efficiency. What is Big Data? How Can Big Data be Used?

Optimal Sourcing 54

Optimal Sourcing Big Data Supply Chain Optimization Modeling 54

ShipBob

OCTOBER 4, 2021

Fast forward to present day and you’ll find that ecommerce warehousing is equipped with robotics, logistics automation , IoT technology, and real-time inventory management software. Smart warehousing contributes significant value by integrating technology and automation that enable both efficiency and cost savings.

Warehousing 52

Warehousing Inventory Management Software Supply Chain Software Supply Chain Design Software 52

ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. Warehousing requires keeping a close eye on performance by monitoring KPIs related to receiving, inventory management, and fulfillment. .

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

BlueYonder

MAY 10, 2019

I manage the Customer Marketing program at JDA. I’m delighted that we’re celebrating our 13 th year of our Real Results Awards and this year launching the inaugural JDA ICON awards. It’s wonderful to look back at the more than 125 customers we’ve recognized as Real Results Award winners through the years.

Optimal Sourcing 40

Optimal Sourcing Material Savings Inventory Reduction Cost Reduction Strategies 40

ivalua

JUNE 7, 2021

With businesses’ focus shifting from damage control to restoring growth, innovative CPOs are encouraging their procurement teams to prioritise supplier innovation and revenue growth opportunities. . Procurement’s role and status have been on an upward trajectory for many years, accelerating during the Covid-19 crisis.

Sourcing Strategies 130

Sourcing Strategies Price Reduction Resource Reduction Cost Reduction Strategies 130

Proxima

MARCH 20, 2020

We’re not looking at formulas here. As I sit at my home in Nashville, TN, observing the aftermath of the recent tornados while playing witness to daily changes in the world, I had a thought. This unique group of people has been tasked to help our country restore and sustain. Of whom do I speak? The American truck driver.

Sourcing Strategies 45

Sourcing Strategies Manufacturing Procurement Material Savings Supply Chain Planning Software 45

Logistics Bureau

JULY 27, 2020

Let’s look at some of its real-world uses in 2020 across the public and private sectors to see which prominent players have embraced blockchain, to what end, and what kind of inroads it’s making into the supply chain environment. So how well is blockchain living up to commercial and organizational expectations?

Supply Chain Planning Software 69

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Procurement Solutions 69

Elementum

DECEMBER 11, 2023

Business Process Automation: Streamlining Efficiency for Modern Enterprises Business process automation (BPA) is a technology-driven approach aimed at increasing efficiency and reducing costs within an organization. These tasks can span across various departments, such as sales, marketing, HR, compliance, and training.

Sourcing Strategies 78

Sourcing Strategies Optimization Software Analytics Software Predictive Analytics Software 78

EC Sourcing Group

JANUARY 7, 2020

It may surprise you to learn that more than 50% of all organizations continue to use spreadsheets to manage procurement activities. Updating or modifying spreadsheets that have 50, 75 or more than 100 columns to analyze bids and prepare reports for senior management is a tremendous drain on resources.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Waste Reduction Resource Reduction 52