SCMDOJO

NOVEMBER 9, 2023

Warehousing expenses are often variable and depend on the amount of inventory stored. Consequently, it is imperative to maintain a well-organized warehouse that either introduces new items at the back or strategically positions older items at the forefront. These are shown in our inventory control template excel later in the blog.

Inventory Reduction 105

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 105

GlobalTranz

NOVEMBER 12, 2015

Overused and misunderstood in blog posts and informative articles, “big data” describes the use of data to improve your operation, which includes shipping, warehousing, and supply chain processes. Using data in logistics to improve your processes does not necessarily require existing orders and information from KPIs and metrics.

Continuous Improvement 120

Continuous Improvement Data Logistics Network Optimization Software Vendor Strategies 120

BlueYonder

NOVEMBER 15, 2021

The ability to identify exceptions in real time, conduct robust analysis and create an immediate, autonomous response has enabled many Blue Yonder customers to master today’s uncertainty, transforming it into an advantage over less responsive competitors. Warehouse and labor management.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Software Supply Chain Optimization Supply Chain Planning 92

American Global Logistics

JANUARY 30, 2024

Key Economic Indicator #1: Gross Domestic Product (GDP) The Bureau of Economic Analysis (BEA) reported that the annual US GDP rate increased in December 2023. Its report provides up-to-date employment statistics, analysis, and trends. This flash metric registered at 50.3 Warehousing utilization and prices are increasing.

Supply Chain Strategy 52

Supply Chain Strategy Supply Chain Optimization Supply Chain Price Reduction 52

SCMDOJO

OCTOBER 30, 2024

Developing Analytical Skills Data analysis is at the heart of effective supply chain management. These simulations can range from managing virtual inventories and optimizing logistics routes to responding to supply chain disruptions caused by unforeseen events such as natural disasters or geopolitical tensions.

Supply Chain Planning Software 52

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 52

Unleashed

FEBRUARY 1, 2023

The demand planning process can be extremely complex as it requires the analysis of numerous factors, including historic and current datasets and internal analytics. For example, a decision will need to be made on what time frame is most useful for analysis. The demand forecasts can then be refined.

Supply and Demand 52

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

Unleashed

DECEMBER 21, 2023

External factors such as natural disasters, political instability, or global events can also disrupt the supply chain. Warehouse robotics : Warehouse robotics involves the use of automated machines and robots to perform tasks within a warehouse or distribution centre.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Unleashed

JANUARY 10, 2023

Improving supply chain visibility looks like this: Integrating data from your various systems into one centralised location Working with suppliers to increase supply chain transparency Automating data collection, analysis, and reporting Supply chain visibility relies on accurate, synchronised data. That’s right: your own production process.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

Supply Chain Shaman

MAY 13, 2015

So when the warehouse team threatened to unionize, I transferred into a distribution, warehouse environment. Warehouse Management and Transportation Management were in their infancy. This analysis is ad-hoc is usually stimulated by the launch of a new product or a shift in capacity. The year was 1985.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Agile and Lean Supply Chain 150

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are?

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

crisp

JANUARY 24, 2024

One of the biggest events in retail in 2023 was the launch of Walmart Luminate , a data platform offering suppliers more visibility and data access than ever before. Supply chain disruptions: Issues within the supply chain network, including transportation delays or warehousing problems. Available: In stock and ready for purchase.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 52

HICX Solutions

FEBRUARY 15, 2024

This has been acutely highlighted since the turn of the decade due to global events. Not only will this be in terms of making them more robust, but also to protect their reputations, combined with increased focus on performance and analysis to gain an edge in an increasingly competitive landscape.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Optimization 52

Elementum

MAY 1, 2018

Another method of evaluating risk is by conducting a SWOT analysis that indexes potential disruptions based on severity, allowing for the compartmentalization and prioritization of different functions within your operation so that the most essential ones can carry on with limited interruption. Weather event. Loss of talent/skills.

Pharmaceutical 94

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 94

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. This includes optimization and discrete event simulation. Metrics Alignment. Most companies operate well within functions, but struggle to build strong horizontal processes. They lack cohesion.

Supply Chain Planning Software 283

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 283

Logistics Bureau

NOVEMBER 16, 2020

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020. Networking.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 97

SCMDOJO

JUNE 6, 2023

Supply Network Optimization Data analytics helps provide valuable insights into different suppliers, which helps manage processes with different suppliers, warehouses, and transportation routes. By using Internet of Things (IoT) devices, sensors, and RFID tags, businesses can gather and perform data analysis on location, condition, and so on.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

BlueYonder

JANUARY 31, 2023

Based on the disruptive events that we are seeing – from tariffs, NAFTA, Brexit, COVID-19, etc. Having executive management support and enterprise-wide communication on why the company is embarking on this initiative of transforming processes, people, and metrics is really key.

Automotive 96

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 96

Supply Chain Shaman

OCTOBER 10, 2017

At a Kaizen event of the quality team, IT came up with using Google Glass as an alternative. AGCO ‘s initial goal was limited to replacing fragile tablets and enhancing safety on the warehouse floor by freeing up both hands for the workers to climb on and off the unit. The details are on the event website. Time to Value.

Supply Chain Design Software 153

Supply Chain Design Software Manufacturing Material Savings Supply Chain Software 153

DELMIA Quintiq

SEPTEMBER 12, 2023

As a cross-functional, central link between plants, warehouses, distribution and customers, it establishes stronger links between all stakeholders to facilitate timely and more effective communication by providing real-time data and metrics in manufacturing and operations.

Automotive 156

Automotive Manufacturing Real-time Visibility Cost Reduction Strategies 156

Intelligent Audit

NOVEMBER 3, 2022

For instance, it may be better to ship straight from a warehouse or manufacturer, while in other cases, it’s best to ship from a store. . In other words, anomalous events are presented with contextualized information to our customers to explain why something anomalous happened and what they can do to mitigate further exposure.

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

Unleashed

FEBRUARY 21, 2024

If you’re selling products, your customers should feel confident that they can negotiate with you in the event their purchased goods arrive damaged, incorrect, or are no longer required. A meta-analysis showed that open returns policies tended to result in higher sales, not higher returns. Should a returns policy be tight or lenient?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

Elementum

MAY 1, 2018

Another method of evaluating risk is by conducting a SWOT analysis that indexes potential disruptions based on severity, allowing for the compartmentalization and prioritization of different functions within your operation so that the most essential ones can carry on with limited interruption. Weather event. Loss of talent/skills.

Pharmaceutical 60

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 60

SCMDOJO

AUGUST 16, 2023

Walmart’s remarkable success as the world’s largest retailer can be attributed to its astute utilization of data analysis and advanced technologies within its integrated supply chain. Through VMI, Walmart empowers its suppliers to take on the responsibility of managing their inventory stored in Walmart’s warehouses.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 98

QAD

OCTOBER 4, 2023

Supply chain analysis software allows businesses to incorporate data from numerous sources, including parts of their supply chain and data from third parties. Diagnostic Diagnostic analytics focuses on previous events and works to answer why something did or did not work. What is Supply Chain Analytics Software?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Talking Logistics

MARCH 8, 2019

More stringent customer delivery requirements is certainly one factor, with On-Time In-Full (OTIF) becoming a more critical metric. The project44 Advanced Visibility Platform enables the collection and analysis of a wider range of real-time and historical vessel, container, port, weather and other ocean shipment data.

Rail Software 101

Rail Software Logistics Network Optimization Software Real-time Visibility Demand Planning Software 101

ThroughPut

DECEMBER 8, 2023

In the context of supply chain management, prescriptive analytics leverages raw historical data and performance data to determine the best probable courses of action, supporting supply chain decisions through network design, inventory and warehouse optimization, and supplier management. What type of offer would be best for a customer?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

BlueYonder

APRIL 5, 2017

At its core, demand planning is the function of producing the demand plan, e.g. the operational sales forecast that drives manufacturing and/or the replenishment of product into a store or warehouse. New items, promotions and other events need to be quantified and added. Promotional/event lift analysis.

Supply and Demand 57

Supply and Demand Demand Planning Groups Supply Chain Planning Software 57

NC State SCRC

NOVEMBER 6, 2017

The event was attended by 25 executives from a variety of different industries and backgrounds. I nventory Management Partners sponsored the event, and helped to bring together the format and content for the discussion. Change sales incentives. Focus on forecasting performance for mix, not final product.

Inventory Reduction 58

Inventory Reduction Forecasting Inventory Supply Chain Design Software 58

ThroughPut

FEBRUARY 23, 2024

Your sourcing department can save valuable time because AI tools analyze suppliers with the aid of relevant data points and metrics and match them with the contract opportunities available. Warehouse staff can stay on top of their replenishment orders to minimize gaps in the supply chain. for smooth product movement across the line.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Shaman

AUGUST 26, 2015

With the increases in items and the number of market events, the forecastability–the ability of a statistical engine to pick up an accurate pattern in historical data–is becoming worse. While companies can predict an event, they struggle to predict the timing of an event. It is both an art and a science.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Supply Chain Shaman

AUGUST 11, 2016

I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. An ironic, and unfortunate, set of events. Less than 10% of manufacturing companies are effectively using cost-to-serve analysis. Shown in Figure 1 is a cost-to-serve analysis from the food industry.

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Unleashed

DECEMBER 12, 2018

That’s where ABC analysis comes in. ABC analysis is a way of organising your inventory based loosely on the Pareto principle. You might know that principle better as the 80/20 rule, which holds that when it comes to a large number of events, roughly 80% of the effects come from 20% of the causes.

Analysis 58

Analysis Inventory Predictive Analytics Software Manufacturing Procurement 58

BlueYonder

APRIL 5, 2017

At its core, demand planning is the function of producing the demand plan, e.g. the operational sales forecast that drives manufacturing and/or the replenishment of product into a store or warehouse. New items, promotions and other events need to be quantified and added. Promotional/event lift analysis.

Supply and Demand 40

Supply and Demand Demand Planning Groups Supply Chain Planning Software 40

Logistics Bureau

FEBRUARY 13, 2018

We set our performance targets according to the best-in-class metrics and I ended up helping these three companies successively achieve demonstrable best-in-class supply chain performance. They know of course how they did against last year and they’ll probably have some customer satisfaction metrics, but that’s not the full picture.

Benchmarking 40

Benchmarking Thailand Asia Malaysia 40

GlobalTranz

NOVEMBER 19, 2015

Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency. Furthermore, some data may be of minimal use without comparison to and identification of trends and collaborations between data from other transactions within a given warehouse or transportation system. Origination of Data.

Transportation Management 120

Transportation Management Transportation Sourcing Strategies Data 120

Alloy

FEBRUARY 11, 2021

It’s still a tall task, but cross-functional analytics can help align teams both leading up to and during high-stakes events. Forecasting and preparation for business critical events. Model event forecasts based on similar historical events . You can then apply the relevant event lift to your POS baseline.

Forecasting 52

Forecasting Alloy Negotiating Skills Buyer Training 52

Jaggaer

NOVEMBER 8, 2018

According to JAGGAER’s 2018 Digital Procurement Report , technologies related to data analysis are the most valued and desired pieces of technology among respondents. Within your sourcing events there are dozens of data points you may consider, from pricing to risk level to bandwidth and schedule availability.

Optimal Sourcing 40

Optimal Sourcing Sourcing Data Warehousing 40