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.

Regaining control: Inventory management best practices (Part four)

Kinaxis

by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced.

Design, Operating and Situational Inventory Trade-Offs

ToolsGroup

Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. or “How can we reduce inventory and improve our balance sheet?”.

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory.

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S&OP: Can You Make Decisions at the Speed of Business?

Supply Chain Shaman

Teams continuously balance cost, customer service, asset utilization and inventory. For most –hamstrung by silo-based strategies for source, make and deliver–there is no clear definition of supply chain strategy. Yawn.

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Welcome to 2019: 5 Retail Trends You Need to Know Now

JDA software

That means more businesses will be honing their inventory types and levels to drive the right products closer to consumers for faster response times. From their social feeds to eCommerce, more customers are buying products right from the source.

3 Inventory Control Techniques to Improve and Maintain Inventory Accuracy

Unleashed

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Having poor and inaccurate inventory control can be costly because it causes issues such as unplanned stock-outs, the shipping of wrong products to customers, wasted resources trying to locate misplaced items and inventory shrinkage.

3 Supply Chain Trends to Keep on Your 2019 Radar

Logistics Bureau

3 Supply Chain Trends to Track in 2019. Source : Logistics Management 2018 Distribution Center Survey. . The need for fast, low-cost shipping is driving the placement of inventories , meaning more, but smaller fulfillment centres are necessary.

Ingredients of a Successful Supply Chain: Transparency, Visibility, and Traceability

Talking Logistics

Supply chain visibility allows trading partners to see orders and material movements from source to destination, informing stakeholders on things like schedule and quality in real-time along the way.

How Artificial Intelligence and Global Economic Factors Affect Inventory Optimization

ThroughPut

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management.

Supply Chain Strategies to Minimize the Impact of Tariffs

CHAINalytics

Blog Feature Integrated Demand & Supply Planning Supply Chain Design Supply Chain Operations Cost-to-Serve free trade zone ftz global supply chain inventory Network Design sourcingThe Mandarin word for “crisis” is Weiji or ?? and it has two interesting characters, with the first meaning “danger” while the second represents “opportunity.”

Supply Chain Management Trends 2019

EazyStock

What are the primary supply chain management trends for 2019? Distributed Inventory. Distributed inventory reduces the lead time from a customer placing an order to the product being delivered while simultaneously reducing shipping costs. Are you ready for 2019?

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Which supply chain planning processes should we automate?

ToolsGroup

Source: ToolsGroup. Now that more companies are embracing supply chain planning productivity and automation, many firms are asking which processes they should automate. Let's first address that question and then look at where this trend is heading in the future.

Where Would We Be Without All of the BullS&%T?

Supply Chain Shaman

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. This would include rules like inventory matching, customer policy, Available-To-Promise (ATP) or allocation.

Where Would We Be Without All of the BullS&%T?

Supply Chain Shaman

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. This would include rules like inventory matching, customer policy, Available-To-Promise (ATP) or allocation.

The Best Part of My Job

Logility

As we wrapped up our 2019 Velocity Conference in Orlando last week, I was reminded how lucky we are to be in supply chain. At the 2019 Velocity Conference we recognized several companies for their digital supply chain transformations. Velocity 2019 Photo Gallery ).

Predictions for 2019: What Will the Year Have in Store for Global Shipping?

Transportfolio

With the continued increase in supply chain complexity and greater pressure to keep inventories lean and accelerate shipments, is your supply chain ready for what 2019 has in store? Change in fuel sources may cause delays and higher costs.

Spotlight on PROMAT 2019: USA trends in DC Equipment and Digital Consciousness

Logistics Bureau

This article, written by Mal Walker , Manager at Logistics Bureau, in the March/April 2019 issue of MHD Supply Chain Solutions. In early April I had the opportunity to visit Promat 2019 in Chicago. Tracking inventory!

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How to Design a Successful Apparel Supply Chain

Logility

Planners need to contend with inconsistent consumer buying behavior, the need to satisfy multiple channels, complex sourcing options and proliferating “sub-seasons,” collections and assortments. Apparel is an exciting and rapidly changing industry.

Predictions for 2019: What Will the Year Have in Store for Global Shipping?

Transportfolio

With the continued increase in supply chain complexity and greater pressure to keep inventories lean and accelerate shipments, is your supply chain ready for what 2019 has in store? Change in fuel sources may cause delays and higher costs.

The Procurement Economy in 2019: Bracing Yourself for the Future

Jaggaer

This increased risk requires organizations to be proactive and innovative if they are to successfully navigate 2019. Research on supply chain following the 2008 economic recession found that supply chain executives took several major steps to deal with the decline, each of which is particularly relevant as we enter 2019. This also required creating a flexible supply chain by creating preferred responses to possible changes, as well as realigning inventory in order to free up cash.

How to Combat the Uncertainty and Risks in Today’s Global Supply Chains

Talking Logistics

Although scenario planning has been around for over 30 years, the amount of data from internal and external sources that is available today is unprecedented and can be used to create a digital representation of the physical supply chain. Razat says it all starts with creating a data foundation, a single system of reference, upon which the scenario planning can be used to look at the trade-offs and interdependencies between production, inventory, distribution and transportation.

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The Impact of the Digital Path to Purchase

Enterra Insights

Retailers do not have enough inventory to get all SKUs close to the customer, so companies will have to differentiate SKUs by velocity and take a more thoughtful approach to distribution instead of keeping inventory all in one location.

78% of retail C-suite do not have real time view of inventory across channels

EFT

According to The 2019 Retail C-Suite Viewpoint Survey, 78% of executives surveyed do not have a real-time view of inventory across channels, and half of respondents believe they do not have the right platforms and tools in place to support expanded fulfillment options.

Major Influences on Supply Chains for 2019

Talking Logistics

As we quickly approach 2019, there are a number of potentially game-changing global trade challenges supply chain professionals must consider in their planning, including new tariffs, trade wars, and Brexit. You will have large retailers that realize they need to consider their store inventory as part of their e-commerce fulfillment model and will use employees to deliver orders on their way to and from work.

The Supply Chain Detective™ – The Case of the Missing Cash!

Supply Chain Game Changer

But these customers would require huge upfront out of pocket capital, inventory and resource investments to enable this business. Given that the Supply Chain team negotiates terms, conditions, and parameters with suppliers, and manages inventory, they are impacting cash flow in dramatic ways.

The Future of Supply Chains Falls to Younger Workers and Robots

Enterra Insights

Through AI, machine learning, robotics, and advanced analytics, firms are augmenting knowledge-intensive areas such as supply chain planning, customer order management, and inventory tracking.”[5]. By any measure, today’s supply chains are remarkable accomplishments. They often span the globe and, despite often requiring hundreds of transactions, shipments move through the supply chain keeping store shelves stocked and consumers happy.

5 Crucial Software Every 3PL Company Needs To Have

Abivin

When a new order is received, the vehicle route planning schedule is sourced in real time to reallocate mobile fleet resources to optimize operating efficiency, deliver priority service to the most profitable accounts and routes, and also maintain overall customer service objectives. 2019).

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Supply Chain Management in a VUCA World

Enterra Insights

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more.”[2] Evaluate inventory policy, sourcing modifications, and commercial terms.

Optimizing Retail Supply Chains to Meet Demand and Reduce Costs

Transportfolio

That can produce real results: decreased expenses, faster inventory turns, better data analytics, smarter ordering, and ultimately more satisfied customers. Food and Beverage Produce Sourcing Supply Chain Food service Managed Procurement Services MPS Produce Produce Industry produce logistic

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

RFID tags and robotic warehouse systems generate and transmit data that, when combined with other data sources, allow companies to optimize the supply chain and make better predictions and forecasts to improve efficiency and boost the bottom line.

WooCommerce and Inventory Management Software

EMERGE App

Then we’ll examine why you need a robust inventory management system behind WooCommerce. We’ll move on to present EMERGE App as an inventory management solution and the benefits of them working together. WooCommerce is an open-source e-commerce plugin for WordPress.

Breaking Down Perception Barriers to Women in Leadership

JDA software

My work allowed me to touch and gain experience in sourcing, inventory management, manufacturing and fulfillment operations. This blog features insights from Regenia Sanders, EY Advisory Principal for the Supply Chain and Operations practice.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

By incorporating TMS information with other inner sources of data, such as ERP and WMS or OMS, the businesses can attain approximately real-time visibility into products from purchase through inventory and transportation. Retrieved 2019, from [link] 2. 2019). 2019).

Are US-Chinese tariffs part of the new normal?

NC State SCRC

Earlier, they sourced over 90% of their leather goods to be sold all over the world from China. How much inventory should be accumulated? Finding new raw material sources. Today’s blog is a guest blog by my former student, Krunal Sonpal.

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E-commerce and the Digital Path to Purchase

Enterra Insights

”[4] To help retailers think about what comes next, Aaron Orendorff ( @AaronOrendorff ) asked leaders “from brands at the forefront” for their insights about the question: “What is the future of ecommerce for 2019 and beyond?”[5] In terms of sources that influence purchase decisions, social media lands last and was rated less than half as effective as reviews. ” Shopify Plus , 31 January 2019

What is Manufacturing ERP?

OptiProERP

Trading organizations, those that just buy and sell, need Sales Orders, Purchase Orders, Inventory, and Supply Chain Management. Enhanced Inventory Management. Out-sourcing is also tracked through a production order tied to purchasing.