Unleashed

APRIL 18, 2023

Great inventory management comes down to good systems, good processes, and constant improvement. The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover is expressed as a financial ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

ModusLink Corporation

DECEMBER 13, 2022

With so much disruption fresh in mind, looking toward 2023 feels a bit more stable for every warehouse and distribution channel. However, the instability around the risk of recession remains, and knowing the top supply chain trends to watch in 2023 will help your organization prioritize operations and succeed.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Trends 78

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Stord

JULY 11, 2023

Recognizing the limitations of its antiquated systems and processes, the Snackpass team sought a solution that could keep pace with its evolving needs. With the implementation of Stord’s OMS, Snackpass now benefits from enhanced visibility into its inventory, both in terms of components and finished products, at each site.

Supply Chain Design Software 60

Supply Chain Design Software Inventory Management Software Optimization Software Forecasting Software 60

ShipBob

FEBRUARY 6, 2023

To make this happen, businesses need to take advantage of technology solutions that allow them to seamlessly share data, communicate, and execute different warehousing tasks. From platforms that simplify data exchange to tools that support storage and retrieval, these latest warehouse technologies allow for better automation and efficiency.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimization Software Predictive Analytics Software 52

ToolsGroup

MARCH 7, 2023

The dynamic sourcing capability automatically smooths inventory targets day after day and ensures target service levels are achieved regardless of supplier constraints. Stock Mix Optimization : The setting and planning of differentiated and market-oriented service level targets as an optimal compromise between service and inventory.

Optimal Sourcing 156

Optimal Sourcing ToolsGroup Supply Chain Planning Software Scenario Planning 156

Enterra Insights

APRIL 13, 2023

And a recent survey from job site ResumeBuilder found 61% of companies expect more staff cuts in 2023. Intelligent demand management software is the key technology enabler of lean retail merchandise management.” She reports, “Retailers like Best Buy, Party City, Walmart and Wayfair announced layoffs in 2022.

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

Logistics Viewpoints

OCTOBER 19, 2023

Even worse, I work for a company who makes solutions to help companies solve these kinds of problems, which I listen, speak and write about for a living! The issue wasn’t poor planning – they had the inventory. Something is wrong in this retailer’s process, whether it be materials used, packing, shipping, etc.,

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

crisp

OCTOBER 3, 2023

We’re providing insight on the retail trends surrounding the 2023 holiday season, and how businesses can leverage data-driven strategies to meet them head-on. As the retail industry prepares for the 2023 holiday season, it’s clear that this year will again diverge from the pre-pandemic norm.

Waste Reduction 52

Waste Reduction Inventory Reduction Vendor Strategies Resource Reduction 52

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

A digital workforce weaves together disconnected automation tools – Robotic Process Automation (RPA), AI, and machine learning – to think, act and analyse the way a human worker would, and work alongside humans. Procurement. Purchase Order Management. Inventory Management.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Logistics Viewpoints

JANUARY 11, 2023

In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. Inventory Management in a High Inflation Environment ; Clint Reiser. Instead, they are likely to carry higher levels of inventory as a lower cost alternative to minimizing disruptions.

Logistics Network Optimization Software 216

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 216

Logistics Viewpoints

FEBRUARY 8, 2023

As a quick recap, a crowd of nearly 37,000 people flocked to the Javits Center in New York City to see what new solutions and innovations software suppliers had in store for 2023 and beyond. Some studies have indicated that online orders are three times more likely to be returned than in-store purchases.

Forecasting Software 226

Forecasting Software New York City Logistics Network Optimization Software Procurement Solutions 226

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. You can use that when it’s time to reorder inventory, and not order as much of that SKU to save warehousing space and reduce inventory holding costs.

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

EazyStock

JUNE 11, 2020

New energy efficiency regulations and standards are set for 2023 regarding certain HVAC systems, making it past time for distributors to start sourcing suppliers and diversifying their product portfolios for the products they’ll need in order to keep up with a new demand. Inventory Challenges for HVAC Industry. Seasonality.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Inventory Management Software Optimization Software 52

Logistics Viewpoints

JUNE 20, 2022

The digital platform VF is transitioning to run their supply chain is SAP’s S4 HANA as the transactional backbone; Blue Yonder is being implemented for assortment planning, allocation, and retail planning; and they are implementing a solution from o9 Solutions for end-to-end supply chain planning. We will manage by exception only.

Agile and Lean Supply Chain 211

Agile and Lean Supply Chain Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 211

Unleashed

FEBRUARY 1, 2023

This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

SCMDOJO

APRIL 15, 2024

Cloud and Machine Learning services: Amazon Web Services (AWS) – Provides cloud computing infrastructure, storage solutions, and machine learning services to businesses and developers worldwide. Pharmacy: Amazon Pharmacy – Online service for purchasing prescription medications with home delivery.

Logistics Network Optimization Software 79

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 79

Logistics Viewpoints

AUGUST 19, 2022

Grocery trade group prepares for 2023 launch of stricter food tracing regulations. For merchants using FBA, Amazon handles the process of picking, packing, and shipping items. billion in inventory that “if we could just wave a magic wand, we’d make it go away today,” said chief financial officer John David Rainey.

Logistics Network Optimization Software 199

Logistics Network Optimization Software Supply Chain Planning Software Inventory Reduction Cost Reduction Strategies 199

ShipBob

MARCH 2, 2023

In general, a great retail experience is when a customer has a positive interaction with your brand that makes them feel confident to purchase from you — and hopefully again and again. The first interaction and the first purchase are the two most important events that can influence a customer’s experience and their loyalty to a brand.

Retail 52

Retail Eliminating Excel in Purchasing Purchasing Skills How To 52

SCMDOJO

DECEMBER 28, 2023

According to a recent report by Global Web Index, modern shoppers distribute their attention across multiple social platforms and are increasingly likely to purchase products on their mobile devices. This integration ensures the visibility of inventory, efficient order processing, and synchronized fulfilment across all channels.

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Demand Planning Software 74

Logistics Viewpoints

SEPTEMBER 22, 2023

In addition, Totaltech members who spend $500 in October will receive a $50 reward certificate to use on Best Buy purchases in December. Although port volumes increased in August, demand remains lower as shippers continue to face excess inventory levels. Speaking of the holidays, retailers are beginning to prep for the busy season.

Los Angeles 222

Los Angeles Material Savings Logistics Network Optimization Software Waste Reduction 222

ShipBob

SEPTEMBER 25, 2023

The rest of this article provides general information on shipping CBD products. The CBD market is booming in 2023 There’s no doubt about it, consumers are getting on the CBD train. You’ll also want to get a resale license if you plan to purchase your CBD product from wholesalers. Table of Contents ** Minutes What is CBD?

How To 98

How To Demand Planning Software Supply Chain Planning Software Analytics Software 98

ModusLink Corporation

MARCH 30, 2023

According to data shared by Vue.AI , “more than 60% of online shoppers say that they look at a retailer’s return policy before making a purchase. The lack of trackable return shipping options leads to difficulty tracking returns and can also make it difficult for the company to keep track of returns. Sick of Returns?

Sourcing Strategies 78

Sourcing Strategies Reverse Logistics Inventory Reduction Cost Reduction Strategies 78

NC State SCRC

DECEMBER 15, 2022

In today’s Wall Street Journal , I was interviewed regarding a case that was just filed against Amazon by a large robotics , claiming that the e-commerce giant backed away from promises made early in the Covid-19 pandemic to support the supplier with millions of dollars in new purchases.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Manufacturing Procurement 52

Precoro

JULY 9, 2023

According to research by Ardent Partners in 2023, over two-thirds of invoices are linked to a purchase order, indicating that about one-third of invoices are not. While it may be tempting to assume that skipping purchase order creation speeds up the procurement process, the study emphasizes the disadvantages of such an approach.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing 98

ModusLink Corporation

NOVEMBER 23, 2022

With such drastically different challenges year over year, shippers and BCOs must bolster their business health by focusing on end-to-end e-commerce solutions. With the rising popularity of online ordering, the need for reliable digital shipping logistics and services is more vital than ever. What Is E-Commerce Peak Season? NRF, 2022).

Distribution 78

Distribution Supply Chain Planning Software Warehousing Logistics Network Optimization Software 78

BlueYonder

MARCH 28, 2024

Trust that the demand planners will have their promises fulfilled so that assortment planners will have their promises fulfilled so that inventory will have their promises fulfilled, and so on. The retail supply chain stands to benefit from a holistic, end-to-end solution that engenders greater trust from start to finish.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization Inventory Reduction 52

Unleashed

FEBRUARY 8, 2023

James Ewing: Procurement Manager at Renewable Parts Ltd. While this may prevent critical stockouts, it’s created another problem: All their cash is tied up in inventory, leaving manufacturers desperately scrambling to pay bills and employees on time. And from 2017–2023, we managed to amass a huge amount of data.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 98

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Ware2Go

APRIL 18, 2022

Amazon has virtually created consumer demand for 1- to 2-day shipping, and they’ve learned the most cost effective and efficient way to deliver: inventory distribution. Next-day air is a hail-Mary kind of move when it comes to fast shipping, as it’s very expensive and carbon-intensive. Ship from Store vs. BOPIS.

Network Optimization 59

Network Optimization Distribution Supply Chain Network Software Inventory Reduction 59

Operations and Supply Chain Management

FEBRUARY 28, 2024

Brick-and-mortar stores also allow shoppers to return unwanted purchases. Last year, I attended a three-day conference in Las Vegas conducted by the Reverse Logistics Association, a trade group whose members deal with product returns, unsold inventories and other capitalist jetsam. Petco takes back dead fish,” Demer said. Zachary said.

Reverse Logistics 75

Reverse Logistics Purchasing Skills Logistics Network Optimization Software Eliminating Excel in Purchasing 75

Synovos

JULY 24, 2023

This has been made possible through modal shifts from air to sea or air to road and optimizing its supply chain to source, store and ship more products locally. A short video explaining RS’ ESG solutions is available here. RS is also aspiring to grow this range to 100,000 products globally by 2024/25.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Government 52

Ware2Go

APRIL 11, 2023

Even with increased demand for 1 to 2-day delivery , advancements in the logistics industry enable merchants to stock their inventory closer to their customers to lower time in transit and reduce next day air shipments (which emit nearly 6 times more carbon than ground shipments).

Examples 52

Examples Sustainability Purchasing Skills Retail 52

USC Consulting Group

MARCH 27, 2023

According to a new survey by Coupa Software , 82% of supply chain leaders report bracing for continued supply chain issues in the next year. According to Forbes , in 2023, ecommerce sales are projected to grow to 10.4%,with Mobile commerce (people making purchases from their smartphones) is poised to hit $415.93 Lean Six Sigma.

Consumer Goods 40

Consumer Goods Manufacturing Procurement Six Sigma Purchasing Skills 40