article thumbnail

Top 5 Logistics Challenges and Solutions for the Manufacturing Industry

GlobalTranz

The manufacturing industry faces many challenges, such as a skilled labor shortage, supply chain instability, and inventory management issues. GlobalTranz works with manufacturing shippers every day to move their goods and streamline their logistics strategies. 5 Challenges Facing Supply Chain Managers in Manufacturing.

article thumbnail

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” Excess and obsolete 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

The Inventory Accuracy “Confidence Gap”

Talking Logistics

The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.

article thumbnail

Still managing your inventory with spreadsheets?

ToolsGroup

Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. Much of inventory is a hedge against uncertainty. If you could predict your demand exactly you wouldn’t likely need as much inventory.

article thumbnail

Four ways Inventory Optimization can address tighter supply constraints

ToolsGroup

The Wall Street Journal recently advised “In the battle for economic supremacy, investors should quickly be realizing it’s increasingly about supply, not demand.” ( The Next Challenge for Global Growth: Keeping Up With Demand , April 24, 2018 ). Inventory (both finished goods and materials) can then be allocated to more critical demand.

article thumbnail

ToolsGroup Acquires Mi9 Retail’s Demand Management Business

ToolsGroup

Mi9 acquired this division through its acquisition of JustEnough Software in 2018. Agile supply chain management remains a core mission that manufacturers, distributors and retailers must get right. Manufacturing, distribution and retail customers can now plan from raw materials all the way to finished goods/point of purchase.

article thumbnail

These Advanced Supply Chain Technologies will Solidify the Digital Supply Chain in 2018

GlobalTranz

The type and capabilities of supply chain technology is expanding, and technology will only grow more important in effective supply chain management in 2018. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download white paper. The IIoT Will Be Standardized.