article thumbnail

Inventory Management: We Can Do Better

Supply Chain Shaman

With the increase in demand variability and platform complexity, factory scheduling and the management of cycle stock should have increased, but it did not. (I We were better at factory scheduling in 2002 that we are currently. Many executives do not understand the form and function of inventory and the need for inventory buffers.

article thumbnail

Next Level Apparel® Takes its Demand and Inventory Planning to the Next Level with the Logility® Digital Supply Chain Platform

Logility

based supplier of fashion blanks transforms its demand and inventory management with Logility. Next Level Apparel knew that to grow, it had to transition to digital demand and inventory management. ATLANTA – April 26, 2022 – Logility, Inc., These factors include, but are not limited to, continuing U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inflation is Back Up – Are you Ready?

Herlitz Inventory Management

Growing up with a father who developed inventory management software for a living spawned some interesting conversations around the dinner table. It hasn’t been lost here at Herlitz Inventory Management! Since 2009, when Herlitz Inventory Management was founded, annual inflation has been below 3 percent in the US.

article thumbnail

Logility Recognized Among SupplyChainBrain’s 100 Great Supply Chain Partners

Logility

To achieve its growth goals, iNova needed to unify and synchronize its strategy for supply and demand planning, sales and operations planning (S&OP), and inventory management. The platform approach was also a tremendous asset.”. These factors include, but are not limited to, continuing U.S.

article thumbnail

Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities. in 2002 , a comparison was made between in-house inventory management and outsourced inventory management in hospitals with omnichannel distribution networks.

article thumbnail

2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

The increased cost of working capital and supplemental inventory levels to mitigate fulfillment risk is likely to revert back to just-in-time inventory management. Global trade was reportedly set to contract by 5 percent in 2023 compared to 2002, amounting to upwards of $30.7 This level represents a contraction of $1.5

article thumbnail

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. The Inventory Management Journey.