OptiProERP

NOVEMBER 22, 2023

With 2024 on the horizon, more manufacturers are adopting smart manufacturing technology. Examples of intelligent factories include on-demand manufacturing and virtual inventories. Through these technologies and process enhancements, manufacturers can anticipate a new scale of innovation in 2024.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Software Material Savings Analytics Software 52

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. The main benefits of accurate demand forecasts are: 1.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. Though this topic has been thoroughly researched, its basics and practical advice on successfully implementing it have often been overlooked in the endless blog posts on Google search results pages. What is Just-In-Time (JIT) Inventory Management?

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Supply Chain Matters

JANUARY 23, 2024

With this launch, customers can share purchase orders and demand forecasts with their trading partners, and then track the status of those purchase orders or changing inventory levels, all from within the module. © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. All rights reserved.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 59

Supply Chain Matters

JUNE 7, 2023

In the not so optimistic category, the bank revised its 2024 global growth forecast to 2.4 The current forecast for 2024 growth is 0.8 That statement portends stubbornly high interest rates will likely extend into 2024. © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Forecasting 52

Forecasting Global Scenario Planning Supply Chain Planning 52

Supply Chain Shaman

DECEMBER 7, 2023

Here I share some insights from my research. In addition, the Council will conduct a supply chain review by December 31, 2024, to evaluate the impact of the supply chain on National Security Lora’s Take I think that we need to be skeptical without getting political. I am currently doing research on inventory management.

Supply Chain Design Software 303

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Locus Robotics

JANUARY 2, 2024

Home January 02, 2024 5 Ways to Cope with Changing Logistics Demand in 2024 Inés Alcántara , Senior Sales Engineer In an era marked by unpredictability and technological advancements, understanding and adapting to the changing demands of logistics is not just an option, but a necessity for success.

Demand Planning Software 52

Demand Planning Software Logistics Network Optimization Software Supply Chain Software Analytics Software 52

OptiProERP

NOVEMBER 14, 2023

While large corporations have been at the forefront of manufacturing sustainability initiatives, in 2024, more small and mid-sized manufacturers are expected to incorporate green initiatives, recognizing that sustainability is essential for their bottom line. Also Read: How Can Manufacturers Build Resilience and Become Sustainable?

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Supply Chain Shaman

APRIL 16, 2024

Supply Chain Insights Training, 2024 The Opportunity Based on my research, I believe there is an opportunity to reduce the number of planning roles by 80-85%. Focus on improving operating margin, inventory turns, and revenue/employee simultaneously. in inventory value. The goal of the balanced scorecard?

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

Freightos

OCTOBER 25, 2023

Reports by many major retailers that inventories are now under control is a positive sign for the possibility of a restocking cycle after the holidays if spending holds up. But the run down of those inventories in the last few months also meant less importing and a relatively short and subdued peak season this year.

Asia 177

Asia Europe Price Reduction Freight 177

ToolsGroup

DECEMBER 11, 2023

“As retailers strive for high profit margins, excess inventory remains a challenge – especially during the post-holiday season. These insights, combined with our inventory optimization and stock rebalancing functions, help retailers satisfy demand while improving margins and minimizing waste.” Additional Resources: Want to learn more?

ToolsGroup 156

ToolsGroup Price Reduction Optimization Software Modeling 156

Locus Robotics

JANUARY 2, 2024

Automation with autonomous mobile robots (AMRs) in the warehouse allows you to transport surplus or slower-selling inventory to storage areas in less busy sections of your warehouse, freeing up prime picking locations for products with higher turnover. These new economic players have sufficient intelligence to act independently.

Demand Planning Software 52

Demand Planning Software Logistics Network Optimization Software Supply Chain Software Analytics Software 52

Logistics Viewpoints

JANUARY 12, 2024

As a New England Patriots fan, this season was certainly disappointing, as everything seemed to go wrong, except for landing a top-3 draft pick in 2024. New research suggests that a misunderstanding of what was happening with global supply chains might be part of why. Walmart unleashes ‘largest drone delivery footprint of any U.S.

Logistics Network Optimization Software 257

Logistics Network Optimization Software Price Reduction Inventory Reduction Resource Reduction 257

BlueYonder

JANUARY 29, 2024

Gartner, Market Guide for Distributed Order Management Systems, Davison Schopmeyer, Tom Enright, 9 January 2024 Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation.

Gartner 83

Gartner Optimal Sourcing Distribution Supply Chain Design Software 83

Logistics Viewpoints

JANUARY 10, 2024

Just last week, my colleague Clint Reiser wrote an article about the top logistics and supply chain conferences to attend in 2024. APQC conducts research on supply chain and logistics to help organizations assess the performance of their own processes and functions compared to their peers.

Logistics Network Optimization Software 245

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Predictive Analytics Software 245

Supply Chain Matters

FEBRUARY 22, 2024

Supply Chain Matters provides highlights and added perspectives to retailer Walmart’s report of Q4 and Fiscal 2024 financial and operational performance. Full Fiscal Year Performance headlines for the full 2024 fiscal year were highlighted with: Consolidated revenue growth of 5.5 percent to $173.4 percent to $648.1 percent to $6.6

Inventory Reduction 52

Inventory Reduction Procurement Analytics Negotiate Pricing Purchasing Skills 52

Supply Chain Matters

FEBRUARY 7, 2024

We believe that these inventory management, customer and last-mile fulfillment strategies will have industry wide implications in terms of competitive stakes and cost-to-serve. Across the United States , Amazon elected to change its former predominant west to east coast hub based inventory and fulfilment distribution network.

Supply Chain Network Software 52

Supply Chain Network Software Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Supply Chain Matters

FEBRUARY 5, 2024

Outlook for 2024 According to the company’s financial performance press release , ongoing macroeconomic uncertainties are expected to weigh on the business environment in the near-term. However, the ongoing trend of customers reducing inventory may mean that earnings will not significantly recover. All rights reserved.

Electronics 52

Electronics Optimal Sourcing Modeling South Korea 52

Supply Chain Matters

MARCH 6, 2024

Reportedly, only 4,900 vehicles have been delivered to customers, the remaining in finished vehicle inventory and valued at half a billion dollars in tied-up capital. Once more, the company has a stated goal to produce upwards of 22,000 vehicles in 2024. All rights reserved.

Sourcing Strategies 52

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Supply Chain Matters

DECEMBER 6, 2023

The report specifically indicates : “ November’s dip was largely triggered by a decline in Inventory Levels (-9.1) The report specifically indicates : “ November’s dip was largely triggered by a decline in Inventory Levels (-9.1) The report authors context these moves as a return to just-in-time inventory management practices.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Trends Logistics Scenario Planning 52

Supply Chain Matters

DECEMBER 27, 2023

CEO Raj Subramaniam specifically indicated: “ The inventory destocking phase has yet to begin in earnest.” Subramaniam indicated in the earnings briefing that the carrier remains on-track with its corporate restructuring plans, with an initial phase planned to go into effect in 2024. There is obviously much at-stake.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Supply Chain Planning Forecasting 52

Logility

OCTOBER 19, 2023

Declaring “mission accomplished” is still too premature, based on research from the Organisation for Economic Co-operation and Development. Although inflation has eased in many countries over the past summer, CPG prices are still rising faster than real wages and showing no signs of leveling off in 2024.

Network Optimization Software 130

Network Optimization Software Modeling Network Optimization Supply Chain Optimization 130

Supply Chain Matters

APRIL 25, 2024

Supply Chain Matters provides key highlights and added supply chain and production perspectives on Tesla ’s recent report of Q1-2024 financial performance. billion, a reflection of increased price discounting and a building inventory of unsold vehicles. Financial headlines included quarterly total revenue declining 9 percent to $21.3

Price Reduction 52

Price Reduction Cost Reduction Strategies Expense Reduction Inventory Reduction 52

Supply Chain Matters

FEBRUARY 7, 2024

Amazon CFO Brian Olsavsky specifically noted to investors that that AWS customers are still cautious about their IT spending, but expects segment revenue growth to continue to accelerate in 2024. Bob Ferrari © Copyright 2024, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. Stay tuned.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Supply Chain Network Software 52

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements? Focus on right-sizing inventories.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

IDC expects spending on Digital Transformation (DX) on the top 5 use cases – smart warehousing, freight management, optimized operations, supplier network management, and predictive network inventory orchestration – to hit USD $33Bn in 2022. He is responsible for setting the direction of the research and managing the delivery teams.

Predictive Analytics Software 246

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 246

Supply Chain Matters

DECEMBER 28, 2023

Consumers were expecting that there would be adequate inventory of goods even up to two days before Christmas. Supply Chain and Customer Fulfillment Performance On a positive note, this year’s holiday buying period did not include reports of major inventory shortages or supply chain snafu’s. All rights reserved.

Forecasting 52

Forecasting Apparel Inventory Reduction Journal 52

Supply Chain Matters

JANUARY 18, 2024

Added Perspectives As noted in prior commentary, this year’s holiday buying period did not include reports of major inventory shortages or supply chain snafu’s. The post NRF Report of 2023 Holiday Sales- On Target to Forecast first appeared on The Ferrari Consulting and Research Group / Supply Chain Management. All rights reserved.

Forecasting 52

Forecasting Procurement Analytics Report Retail 52

Supply Chain Matters

NOVEMBER 6, 2023

With output contracting for the fifth consecutive month and business optimism reportedly dipping to an 11-month low, the report pointed to cutbacks occurring in manufacturing employment, purchasing and inventory levels globally. percent in 2024. The October PMI reported value fell to a three-month low of 48.8, down from the 49.2

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

Cathy Roberson

NOVEMBER 10, 2023

So, we're taking the necessary steps to position our portfolio for continued share growth, exiting the year with momentum for our brands and ensuring our inventory health is back to historical norms. We think that's a consequence of inventory levels generally normalizing and how many of our customers are approaching the holiday season.

Price Reduction 76

Price Reduction Inventory Reduction Reverse Logistics Retail 76

AB&R

DECEMBER 14, 2023

Looking Forward into 2024: A Comprehensive Guide to Budgeting and Planning By AB&R As we stand on the brink of a new year, it’s time for businesses to gear up for the challenges and opportunities that lie ahead. In the world of logistics and inventory management, staying ahead of the curve is crucial.

Scenario Planning 52

Scenario Planning Inventory Reduction Price Reduction Inventory Management Software 52

Supply Chain Matters

JANUARY 8, 2024

Commenting on the outlook for 2024, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence noted in part: “ Given current order book trends, the overall picture from the survey is one of supply exceeding demand for many goods, which points to downside risks to production, employment and prices as we head into 2024.”

Manufacturing Procurement 52

Manufacturing Procurement Global Procurement Analytics Myanmar 52

Supply Chain Matters

JUNE 8, 2023

After revising both previously reported Q4-2022 and Q1-2024 GDP data, the European statistics agency Eurostat reported today that the combined 20-nation GDP for euro sector fell at annualized rate 0.4 © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. All rights reserved.

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Ireland Lithuania Pharmaceutical Malta 52

Logistics Viewpoints

AUGUST 19, 2022

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. Walmart estimates that inventory is still 15 percent above optimal levels. Clearing the inventory will still take a couple of quarters. Walmart has about $1.5

Logistics Network Optimization Software 198

Logistics Network Optimization Software Supply Chain Planning Software Inventory Reduction Cost Reduction Strategies 198

Supply Chain Matters

SEPTEMBER 6, 2022

Our research arm recently pointed out this transportation trending in a mid-year assessment commentary. According to this report, citing industry research firm B raemar , global ocean container fleet size is forecasted to grow 9 percent in 2023 and 2024 , while container volume growth will moderate in 2023 and rise slightly in 2024.

Report 52

Report Global Scenario Planning Forecasting 52

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

Furthermore, using qualitative and quantitative forecasting to manage product inventory and distribution enables the wider operations of the business and results in improved customer experience. The dynamic logistics model must incorporate all areas of the business including warehouse management, inventory, storage and last-mile delivery.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 130

Supply Chain Matters

APRIL 4, 2024

Gather AI Raises $17 Million in Series A Funding Computer vision and AI-powered warehouse inventory monitoring technology start-up Gather AI has announced $17 Million Series A-1 funding led by Bain Capital Ventures. © Copyright 2024, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 40