Inventory Management – Navigating the Trenches Without Losing Sight of the Big Picture

Arkieva

Inventory comes in many forms and flavors; it is the critical element of supply chains that enable a firm to respond quickly and take advantage of scale. However, managing inventory is one of the most.

Inventory System Concern: Should Companies Always Maintain Peak Season Stock?

Cerasis

As reported by Supply Chain Dive, “2020 has been a slow year for retailers due to the COVID-19 pandemic, and the upcoming sales are a great opportunity to boost sales and make up for the.read More. The post Inventory System Concern: Should Companies Always Maintain Peak Season Stock?

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Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

As an offspring of globalisation, supply chains are focused on optimisation – cost reduction, just-in-time deliveries and tight inventory-to-sales ratios. A significant paradigm shift in procurement and inventory control is an emerging area of focus. – LogiSYM July 2020.

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Optimising M&M Spares Supply Chain – LogiSYM August 2020

The Logistics & Supply Chain Management Society

15% decrease in inventory. With Blue Yonder capabilities, Mahindra & Mahindra Spares Business Unit (M&M SBU) now has greater visibility regarding demand, inventory, supply and distribution plans and are able to make more accurate and timely supply chain decisions.

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3 Mistakes Organizations Make While Developing ABM Programs

While B2B research suggests organizations are thriving through successful ABM programs, getting just one campaign off the ground is more difficult than it seems. From building an account universe to understanding to orchestrating sales and marketing alignment around touchpoint and messaging, there are a number of variables to consider before launching a program.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

This year (2020) when they cancelled the Tournament, they stand to get 144 mil $ from Insurance company. Build inventory hedge to cover for volatility and risk (from Just in time to Just in Case) : Understand demand and supply side shocks, volatility and develop Inventory hedging strategies.

Optimizing Inventory Is About Improving Service While Lowering Inventory. Wait, What?

ToolsGroup

Equally mystifying to people is the concept of inventory optimization. I explain to people that if they’re getting this process right, overall service levels should go up by 3-5% as overall inventory levels decrease by 15-30%. ABC was okay for managing inventory, but not optimizing it.

The Future of Supply Chains Post COVID-19 – LogiSYM July 2020

The Logistics & Supply Chain Management Society

But companies will have to go beyond the usual inventory optimisation. . LogiSYM Supply Chain Magazine – July 2020. Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020. – LogiSYM July 2020. Article July 2020

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

This boosts revenues and optimises inventory. This can be applied to inventory management, fleet and order tracking, ID badging. Amazon’s supply chain heavily depends on the outsourcing of its inventory management. 2020), Impact of Industry 4.0 – LogiSYM July 2020.

Inventory Management: We Can Do Better

Supply Chain Shaman

Downsizing inventories over the past decade crippled the response.” In Table 1, I share research collected for the Supply Chains to Admire analysis on the average days of inventory by industry across the period of 2004 to 2019 by increments to match economic shifts. Days of Inventory Peer Group Across Time Periods. So when we start with the facts, it is clear that every industry peer group increased the days of inventory. So, why have we not reduced inventory?

Staying Ahead of Supply Chain Paradigms – LogiSYM September 2020

The Logistics & Supply Chain Management Society

While leadership and supply chain teams around the world are fighting against the impact of Covid-19, trade and technology 2020, prevented rate increases in certain lists and reduced some tariffs, but since the driven tensions between Beijing and Washington, never went away. Global CO2 emissions were over 5% lower in Q1 2020 than in Q1 2019, mainly due to a 8% decline in emissions from coal, 4.5% Work-from-Home, Trust & The Friday Factor – LogiSYM September 2020.

How Do You Plan for the Unpredictable? Advice for Supply Chain Planners in 2020

ToolsGroup

Inventory (and therefore customer service level attainment) has faced unprecedented stress this year. Being able to see all their inventory by warehouse, location and item, in near real time, has really helped them manage this.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory. The bullwhip effect refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. Article August 2020

Accelerate Digitisation in the Supply Chain – Leveraging a Data-driven Approach to Optimisation – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Tracking the inventory and reorder point gives organizations complete control over their stocking policies is one of the many functions that it deploys. The path to recovery from COVID-19 – LogiSYM August 2020. Optimising M&M Spares Supply Chain – LogiSYM August 2020.

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What Happens to Retail in Fall 2020?

Logility

As retail companies enter the traditional “back-to-school” selling season, we must acknowledge there is nothing traditional about BTS 2020. Organizations across the world have been forced to pivot selling and inventory strategies to address the many issues brought on by Covid-19.

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Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

[PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization

Cerasis

Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. Supply Chain Resources to Download The Supply Chain Trends to Know in 2020 Download White Paper Why Blockchain will Create Extreme Supply Chain Management Optimization Download White Paper Revenue Growth At The Hand Of Improved Digital Supply Chains Download White Paper The.read More. Inventory Management Podcast Supply Chain Inventory Forecasting

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Slowing demand means 6% lower imports from the GCC vs 2019 and 10% lower than 2020 forecast before the virus outbreak.” Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Successful collaboration will result in several benefits – reductions in lead times, improved in-stock fill rates, improved forecast accuracy, and increased inventory turnover. Article September 2020

ToolsGroup Supply Chain Forecast | Inventory Now Available ?in the Microsoft Azure Marketplace

ToolsGroup

Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. The tool is designed to help businesses grow by moving beyond spreadsheet-based forecasting and trial-and-error inventory management.

Five Inventory Optimization Secrets for Aftermarket Parts

ToolsGroup

It’s notoriously difficult to optimize inventory for aftermarket parts. Read on for our five inventory optimization secrets for aftermarket parts. Five Inventory Optimization Secrets for Aftermarket Parts. ABC inventory analysis and spreadsheets aren’t cutting it. .

Inventory Replenishment Underway

Logistics Trends and Insights

Census Bureau inventory data, for June, indicates the need for inventory replenishment as the seasonal-adjusted sales to inventory ratio declined to 1.37 Total business inventories declined 2.3% for June/May while inventories declined 5.8% Inventory Replenishment.

Five Suggestions for Practical Inventory Management

Logility

The real problem, however, was inventory. The client had a warehouse full of old stock that had been sitting unwanted for years , and there wasn’t enough room to accommodate the inventory that they were selling. . Just get rid of the old s tock and create plenty of room for the inventory that sells , thereby eliminating the need to move to a larger, more expensive facility. What is the right inventory level for your business? .

Top 10 2020 Manufacturing Trends

IQMS

Bottom Line: 2020 manufacturing trends are driven by manufacturers’ strong confidence in their ability to deliver high-quality products that earn repeat orders while delivering excellent customer experiences. Running lean and struggling to find the employees they need to keep up the pace of production across their shop floors, small and mid-tier manufacturers are prioritizing Inventory Control and Scheduling to make themselves as efficient as possible.

Contactless Stocktaking – Added value in warehouses through statistical inventory sampling

All Things Supply Chain

2020 will certainly be remembered as a year that changed our habits and conventions in many ways. While international supply chains are slowly recovering from the global lockdown, the situation… General Inventory management inventory management supply chain supply chain management

11 Inventory Management Best Practices & the Role of Technology

Cerasis

Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Instead of relying on traditional, outdated inventory management best practices, supply chain leaders should follow these 11 steps to leverage technology and improve inventory management at last.

What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

Cerasis

Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same. However, systems used to manage inventory refer to the combination of technology, including hardware and software, for the following: Product identification Product matching to orders Data analysis Product labeling and management Documentation Reporting The use.read More.

Inbound Freight Trends for 2020: A Commitment to Improving Vendor Relations

Cerasis

The leading inbound freight trends for 2020 reveal a stronger push to improve inbound logistics efficiency and lower barriers to inventory management stress. The post Inbound Freight Trends for 2020: A Commitment to Improving Vendor Relations appeared first on Transportation Management Company | Cerasis. Shippers that take time to understand these trends can position their organizations for success.

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Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. When we look at public companies at the intersection of operating margin and inventory turns or growth and Return on Invested Capital.

How Barcode Scanning Can Revolutionize Your Inventory Management

DELMIA Quintiq

Implementing something as simple as barcode scanning can completely transform your inventory management system. inventory optimization and management. These systems require barcode labels or tags to be affixed to bins or individual inventory parts. Coupled with inventory management software, the codes become an extremely effective tool. E-commerce platforms can be updated in real-time with current inventory levels.

Top 5 Supply Chain Trends to Watch in 2020

OneSCM

Pre-Fulfillment and Distributed Inventory Reign. Manufacturers must be able to pre-fulfill orders and transport goods from within close proximity to the consumer in order to satisfy demand, increasing the need for distributed inventory and inventory management tracking systems. With more consumers than ever doing their everyday shopping online instead of at brick-and-mortar retail stores, a phenomenon known as the ‘Amazon Effect’ has emerged.

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What is Inventory Shrinkage?

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Shrinkage article and permission to publish here provided by Jake Rheude at redstagfulfillment.com. There are many terms for inventory shrinkage: warehouse shrinkage, product shrinkage, loss of product.

Process Based Inventory Turnover Improvement!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. Too much inventory, especially the wrong inventory, can negatively impact cash flow, return on investment, customer satisfaction, and profitability.

H&M Supply Chain Strategy - Successful Retail Inventory Control

TradeGecko

Inventory Management Best PracticesFashion isn't just all about dressing up and H&M's supply chain procedures are a testament to that. Globally recognised for being a successful and expansive retail giant in terms of market and financial prosperity, H&M's.

11 Inventory Management Best Practices

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Use ABC Analysis to Categorize Your Inventory. Recognize the Relationship Between Sales and Inventory.

Business Intelligence vs. Inventory Optimization: Are You Solving Symptoms Instead of the Real Problem?

ToolsGroup

In my decades of working in replenishment and inventory optimization, I’ve noticed that many companies seek solutions to symptoms rather than the underlying problem. They want to have an aging report for inventory or a report on vendor performance. Let’s examine the first: inventory aging reports. It’s great to know what inventory is aging and what might need to be written off, marked down or transferred. Too often, inventory levels are a result of human emotion.