Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Better Inventory Management Needs Complete Control.

Inventory Can Be Scary

ToolsGroup

“Your inventory problem is scary because you’re selling out before you can make new items to meet demand”. Many retailers agree that inventory can be scary. Inventory distortion” (the combined cost of out-of -stocks and overstocks) accounts for $1.1

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Supply chain inventory optimization – Beyond the analytics

Kinaxis

But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. Implementing inventory optimization.

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

Although rate volatility is expected to stabilize in 2017, organizations must do more with fewer resources to survive. From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers.

Trends 292

Supply chain risk management in 2017

Kinaxis

Maybe the one good thing to come out of it was some companies figured out how they could survive with lower inventories. Inventories were stranded as supply chains scrambled to understand the impact on their customers. by Bill DuBois Financial crisis. Check. Environmental catastrophes.

The Best Way to Set Inventory Targets?

ToolsGroup

Source: Gartner, Cover Considerations—How to Optimize Retail and Consumer Product Inventory Targets, 2017. But I have to differ with the conclusions of a recent report, “ Cover Considerations — How to Optimize Retail and Consumer Product Inventory Targets.”.

Benchmarking Your Supply Chain Planning in 2017

ToolsGroup

Overall, we found our consumer goods customers averaging forecast accuracy in the mid-80s (with monthly aggregation) with inventory levels around 25 days and service levels around 98%. Scenes from a recent ToolsGroup user conference.

Why inventory management should be a company-wide conversation

Kinaxis

by Alexa Cheater Don’t get caught having your company’s inventory management conversation alone! Re-evaluating your inventory management practices can help you overcome rising supply chain costs, increasing customer demand and the growing complexity of global operations.

Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. Controlling Inventory Flow Begins With Liquidate Nonessential Products. The first step to controlling inventory flow effectively is liquidation of all non-essential products, explains Paul Trujillo of Business2Community. This will help to prevent the reordering of slow-moving products and ensure optimum inventory levels.

PINC nominated finalist for the 2017 MHI Innovation Award

PINC

PINC's inventory robotics solution, PINC Air, has been selected as one of the most innovative solutions of 2017. digital disruption supply chain logistics innovation digital supply chain drones inventory robotics

Top 5 Ways Inventory Tracking Technology Is Evolving

Cerasis

In fact, a recent survey of economic experts, reports Jeff Wacker of Retail TouchPoints, found up to 59 percent of retailers are making plans to invest in technology, which includes inventory tracking technology. Inventory Tracking Technology Leverages Internal and External Real-Time Data.

How Supply Chain Inventory Optimization Minimizes Costs

Descartes

Many companies struggle with supply chain inventory optimization. They need to overcome distributed data and inventory, navigate complex networks of locations, and manage configurations of thousands of parts. Inventory management is the.

Inventory Checks Powered By Drones

PINC

Drones are enabling organizations to use employees more efficiently and improve inventory accuracy in a world where consumers want everything cheap and now. logistics innovation digital supply chain inventory drones inventory robotics

Removing the Two Barriers to Optimizing Inventory

Logility

Supply chain leaders often find themselves in a difficult situation when it comes to the conflicting goals of improving customer service and minimizing inventory. Companies that embrace Multi-echelon Inventory Optimization (MEIO) achieve, on average, a 28% increase in inventory turns.

The Many Types of Inventory Management Technology

Cerasis

There are diverse types of inventory management technology and systems, designed to properly sort, control and act upon information with a company’s inventory. As explained by Kenneth Hamlett of the Houston Chronicle , the two dominant types of inventory management technologies include manual and automated systems. But, there are additional levels of inventory management in between. The basic and most limited type of inventory management system is a manual system.

Winning the Inventory Battle in the Consumer Products Industry

Logility

From a supply chain standpoint the battle for new product profitability relies largely on two key capabilities, developing accurate new product forecasts and optimizing new product inventory. reduction in finished goods inventory (days). Capability 2: Optimize New Product Inventory.

The Two Levers of Inventory Optimization

Logility

Two powerful levers a company can use to optimize inventory are “Working Capital” and “Customer Service Levels.” At its most basic, start with a piece of graph paper and plot your current service level on the x-axis and current inventory level on the y-axis.

This Week in Logistics News (October 23-27, 2017)

Talking Logistics

Ryder Reports Third Quarter 2017 Results. stores to replenish inventory faster and save employees time when products run out.” My daughter and I are heading on a road trip this afternoon to visit a couple of universities. 13 hours of total driving time over two days.

Will Supply Chain Planning Productivity be a Hot Topic in 2017?

ToolsGroup

Unmanned coffee stations transmit POS data every 15 minutes to help a highly autonomous planning system forecast demand, optimize inventory, and generate replenishment proposals for distribution and procurement.

Where Does Supply Chain Design End and Planning Begin? (Takeaways from LLamasoft’s SummerCon 2017 Conference)

Talking Logistics

The answers were revealed at the SummerCon 2017 conference a couple of weeks ago where LLamasoft introduced “Planning by Design” and SupplyChainPlanning.com, which the company describes as “building blocks to improve your current planning capabilities through design technology.”.

The Major Trends in Warehouse Inventory Management for 2017

Descartes

That’s why you need to adopt and refine trends in warehouse inventory management. The post The Major Trends in Warehouse Inventory Management for 2017 appeared first on Appterra.

This Week in Logistics News (January 30 – February 3, 2017)

Talking Logistics

A human operator loads the tray with an inventory item (for example a coffee mug) that is to be grasped by the robotic arm and moved into the appropriate box from a group of boxes that are awaiting ordered items for shipment to customers. Toothy. Flossy. Sparkles.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017

Cerasis

2017 will not be a bed of roses for third party logistics service providers, nor will the coming year be filled with thorns in the sides of major supply chain entities. By understanding how the industry will evolve throughout 2017, you can prepare your organization for the challenges and opportunities that will come. Online sales grew 12 percent in 2016, and growth is forecasted for 2017, reports Ludger Schuh of the Inventory and Supply Chain Blog.

Taming the Long Tail of Inventory

Logility

Now, being a supply chain person, I ask myself, just how much inventory does this company have to maintain to have a part for a 17-year old refrigerator sitting on the shelf and ready to ship? Long-tail inventory strategies concentrate on managing the B, C, D, etc.

The 2017 State of Logistics Report: Uncertainty, Unsustainabiltiy Usurp Logistics  

Cerasis

The 28th Annual Council of Supply Chain Management Professionals ( CSCMP ) 2017 State of Logistics Report, published by A.T. But, the most-concerning factor in the 2017 State of Logistics Report revolves around truckload expenses. It is that time of year again.

Report 124

Embrace Lean Warehousing Practices in 2017

Talking Logistics

The overall goal is to make each trip through your warehouse – whether it’s picking, packing, stocking or inventory cycling – as fast, user-friendly and efficient as possible. Even the most determined business optimist would be hard-pressed not to find a warehousing cost that isn’t creeping skyward.

Lean 119

PINC selected by Inbound Logistics magazine to its 2017 list of Top logistics technology providers

PINC

April 19, 2017 -- PINC, the #1 provider of yard management systems (YMS), finished vehicle logistics solutions, and inventory robotics to the world's largest brands, has been selected 2017 TOP Logistics IT provider by Inbound Logistics magazine.

Countdown to Kinexions ’17: FOMO and supply chain stories that inspire

Kinaxis

As a contract manufacturing company, it’s critical for Jabil’s S&OP process to support customers’ demands by generating a feasible master production schedule and inventory strategy that deliver required service levels – all while considering capacity and materials constraints.

Real-Time Inventory Management: 5 Ways Advanced Computer Analytics Will Transform Traditional Inventory Management

Cerasis

Manufacturers have always struggled to obtain the most accurate inventory levels possible. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. In our predictions’ blog post from earlier this year, we noted how customization will begin to replace traditional inventory management, and essentially, customization goes back to using computer analytics to generate a more accurate, successful view of inventory management.

Inventory Checks Powered By Drones

Talking Logistics

Drones are enabling organizations to use employees more efficiently and improve inventory accuracy in a world where consumers want everything cheap and now. Every company on the planet that has a significant supply chain operation is plagued by inventory reconciliation problems.

“Optimized” Inventory Forecasting a Co-Product of Optimized Central Planning

Arkieva

In a recent blog on Inventory Forecasting the core challenges and business importance of estimating inventory are outlined. Optimized” Inventory Forecasting a Co-Product of Optimized Central Planning was first posted on February 18, 2020 at 8:08 am. ©2017

Stranger supply chain things: Capacity planning lessons from Stranger Things

Kinaxis

The crush of Stranger Things fandom-born conversions temporarily brought the museum’s website to its knees while an out-the-door lineup cleaned out on-site inventory. by Mike McAllister Courtesy of the Science Museum of Minnesota/Netflix.

Enhancing Supply Chain Network Design with Sophisticated Inventory Optimization

CHAINalytics

By Chris Keller | Principal, Supply Chain Design | Chainalytics | The complexity involved in simultaneously optimizing a supply chain network and the inventory within that network has traditionally proven to be a sufficient barrier to completing such exercises.

Top 10 reasons why aerial robots (autonomous drones) for inventory management make sense

PINC

They are: digital supply chain drones inventory robotics

Why OEMs Partnering With Reputable Suppliers Deliver a Desired Product

Cerasis

As a result, inventory management processes grow more effective, making the way for both just-in-time delivery options and better customer service.