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Inventory Planning vs. Inventory Optimization: What’s the Difference?

ToolsGroup

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging. Anyone can come up with a plan.

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Insights from Ryder Innovate 2014

Talking Logistics

I served as moderator for the event and facilitated several panel sessions and group discussions. Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014. Inventory (inventory management policies and practices, optimizing inventory flow).

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This Week in Logistics News (September 29 – October 3, 2014)

Talking Logistics

The MetaPack Group Acquires U.S. North American Freight Numbers July 2014. Moving on to omnichannel fulfillment, Manhattan Associates introduced Available to Commerce™ , which gives retailers “the power to offer specific units of inventory available for sale in the most appropriate channel (online, store, same-day delivery, etc.)

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A Fast Solution To Slow Movers in Blue Yonder Fulfillment

BlueYonder

How many inventory dollars are tied up in C and D items? As a group they aren’t slow moving, but they have to be replenished as individual items. What percentage of your SKUs are segmented as slow movers? If not, it’s a slow mover, and there are lots of them in every aisle. Now think about the big box DIY home center.

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Top 15 Logistics Stories of 2022

Logistics Viewpoints

ARC Advisory Group began conducting formalized research on the global warehouse automation market in 2014. In my own defense, things kind of took off after 2014. Inventory Management in a High Inflation Environment ; Clint Reiser. Opinions of just-in-time (JIT) as a practice has taken a battering and inventory is rising.

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Facilities Are a Critical Part of the Enterprise Supply Chain Tech Stack. It’s Time to Start Managing Them That Way

Logistics Viewpoints

Amidst ongoing uncertainty caused by COVID-19 lockdowns in Asia, war in Europe, scarce raw materials and steep inflation, companies are stockpiling inventory as never before in the hopes of mitigating future supply chain shocks. As soon as inventory hits the yard, it gets lost in a shuffle of trailers.

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How Can CIOs Accelerate Supply Chain Transformation? Think Less Planning, More Real-Time Decision-Making

Logistics Viewpoints

But to verify the “in full” part, your real-time transportation solution needs to be connected to warehousing, inventory, fulfillment and order management. A platform approach to real-time supply chain execution integrates across every critical system so you can get a real-time ETA together with a live view of your inventory.