article thumbnail

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.

article thumbnail

Better Inventory Management Requires International Suppliers To Step Up to Digital Transformation and Collaboration

Logistics Viewpoints

For months, retailers have been stockpiling massive amounts of goods to meet surging consumer demand, and compensate for ongoing supply and logistics issues. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management? Complete visibility into inventory.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Top 15 Logistics Blog Posts of 2014

GlobalTranz

We continue our top blog posts of 2014 from our main categories today by focusing on something at Cerasis we are experts in : Logistics. In fact, the logistics space is so broad, we couldn’t give you only the top 10 blog posts of 2014, but we had to include the top 15. Top 15 Logistics Blog Posts of 2014.

article thumbnail

Insights from Ryder Innovate 2014

Talking Logistics

The open question is how to best meet those consumer needs and expectations. Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014. Inventory (inventory management policies and practices, optimizing inventory flow). Forecasting.

article thumbnail

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

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. What Drives Inventory Effectiveness?

article thumbnail

16 Cost Reduction Strategies in Inventory Management

Unleashed

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

article thumbnail

Three New Challenges All Organizations Need to Meet

The Network Effect

Crossborder commerce is rapidly growing from $233 billion in 2014 to $994 billion in 2020. Retail – Seamless inventory and seamless sales experience. Logistics – Integrated distribution and fulfillment, localized inventory, and high velocity final delivery. CUSTOMER CENTRICITY. More Resources. Video: The Alibaba Effect.

Meeting 100