Logility

JANUARY 18, 2024

But it is setting the foundation for a new paradigm that could cut 70% of weekly planning time, 15%–30% fewer forecast errors, and impressively improved inventory outcomes. It unlocks a realm of possibilities – from continuous improvement through automated data analysis to fine-tuned demand planning and resilient simulations.

Modeling 191

Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Software 191

Logility

AUGUST 31, 2022

It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Disruption Optimal Sourcing Inventory Reduction 130

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. The company transitioned from an innovator in the 1990s to a late adopter in the last decade. My failure was three-fold: In this analysis, I never benchmarked companies to the industry averages.

Procurement Analytics 360

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 360

Logility

JANUARY 12, 2021

automating the digital transformation of supply chain optimization and advanced retail planning, invites you to the upcoming webcast: Roadmap to Overcoming Five Obstacles to Achieving Multi-Echelon Inventory Optimization. Title: Roadmap to Overcoming Five Obstacles to Achieving Multi-Echelon Inventory Optimization. Webcast at a Glance.

Optimal Sourcing 130

Optimal Sourcing Logility Optimization Software Supply Chain Planning Software 130

Supply Chain Shaman

JUNE 9, 2023

The demand must be embraced as a flow, not an analysis of time-phased data, to drive better insights. With the rise of logistics and procurement constraints, an analysis of only manufacturing does not yield a feasible plan. Companies need a planning solution to analyze the trade-offs between make, source, and deliver.

Optimal Sourcing 336

Optimal Sourcing Supply Chain Planning Software Supply and Demand Manufacturing Procurement 336

SYSPRO Smarter ERP

SEPTEMBER 6, 2022

There is a common cliche that necessity is the mother of invention – and by extension, innovation. The past two and half years have certainly brought a variety of challenges and opportunities that have made innovation not just a preference, but essential for manufacturers and distributors to thrive into the future.

Manufacturing Procurement 111

Manufacturing Procurement Innovation Optimal Sourcing Manufacturing 111

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). A Decline in Innovation. Ironically, technology innovation is the highest that I have ever seen. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. So, we began the discussion.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Logility

DECEMBER 15, 2023

With the combination of advanced inventory management, modern demand planning, and a finely sales and operations process, F&B businesses can navigate fluctuating customer demands, stringent regulations, and a steady flow of new product launches. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? Only 2% of companies are pushing forward in our Supply Chains to Admire analysis. The Companies with the greatest success are smaller and usually drive product innovation into the market.

Supply and Demand 412

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 412

ToolsGroup

JULY 6, 2023

ToolsGroup has a long history of innovating with our customers in mind. IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 92

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 92

Logility

MAY 17, 2022

The new index is comprehensive, synthesizing data from a variety of sources including the Baltic Dry Index (cost of shipping raw materials), the Harpex Index (container shipping rate changes), Purchase Manager Index surveys and data from the Institute of Supply Management’s manufacturing survey. But few argue for single-source.

Scenario Planning 173

Scenario Planning Modeling Supply Chain Planning Software Optimal Sourcing 173

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). A Decline in Innovation. Ironically, technology innovation is the highest that I have ever seen. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. So, we began the discussion.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

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

Supply Chain Shaman

APRIL 30, 2020

Together, we need to go to a place that we have never been before in the evolution and innovation of supply chain processes. In the eight years of the Supply Chains to Admire Analysis, there has never been a winner in the pharmaceutical industry. In Table 1, we share the Supply Chains to Admire 2019 analysis. Recommendation.

Supply Chain Design Software 367

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Software 367

Logility

MARCH 13, 2024

The opportunity to analyze vast amounts of data and make informed decisions in real time is not only increasing operational efficiency but also creating innovative models that drive higher cost savings and customer satisfaction. Inventory planning and optimization are no different.

Optimal Sourcing 196

Optimal Sourcing Modeling Inventory Reduction Optimization Software 196

Logistics Viewpoints

APRIL 10, 2024

A redundant supply chain has spare or backup capacity, such as inventory, equipment, facilities, and suppliers, that can be activated or mobilized in case of disruptions. Identify the sources, types, and probabilities of potential disruptions, as well as their impacts and consequences for supply chain performance and objectives.

Baltimore 253

Baltimore Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 253

Unleashed

MAY 25, 2023

Do you know your optimal inventory levels? Inventory planning enables you to order the right stock at the right time to meet demand and prevent overstocking. What is inventory planning? It is a key function of modern inventory management. Let’s take a quick look at some of the core benefits of inventory planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

ModusLink Corporation

FEBRUARY 9, 2022

Inventory Management has always played a key part in any successful Supply Chain. Correctly managing inventory levels helps companies to swiftly adapt to unpredictable changes within the marketplace. Without adapting to the current demand, your winter jackets will become excess inventory overtime. Inventory Management.

Inventory Management Software 78

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 78

Supply Chain Game Changer

OCTOBER 29, 2020

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. These are the must-haves for any effective freight sourcing team. Subscribe Here!

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

ThroughPut

DECEMBER 1, 2023

What is Demand-driven Inventory Replenishment? Demand-driven replenishment is a strategic approach to inventory management that prioritizes aligning inventory levels with actual customer demand rather than relying solely on historical data or forecasts. Why Use Demand-driven Inventory Replenishment?

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Modeling Vendor Strategies 52

Unleashed

OCTOBER 4, 2021

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. These examples show there isn’t a benchmark inventory management strategy that trumps all others. This allows Amazon to concentrate on other aspects of the transaction, like shipping, returns and processing.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

Unleashed

AUGUST 23, 2021

A crystal ball sometimes wouldn’t go amiss in inventory forecasting. Here we explain the methods and formulas you can use to improve your inventory forecasting, and best practices for your business when designing and carrying out this process. Read more: What is Inventory Management?

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Inventory Management Software 98

Logility

MARCH 6, 2024

Statistical analysis is a vital component of the supply chain. You’ll need to ensure your company is prepared culturally and technologically for this new type of innovation. How should your team be organized to efficiently run the supply chain while driving innovation through advanced analytic processes? Let’s take a look.

Prescriptive Analytics Software 183

Prescriptive Analytics Software Analytics Software Predictive Analytics Supply Chain Planning Software 183

Supply Chain Shaman

JUNE 7, 2021

He also believed that supply chain leaders could easily select top-performing supply chains and designed the AMR Top 25 Supply Chain (now the Gartner Top 25 analysis) to be 25% of the score. I advocated a study, an analysis of market value. A forum was great for networking but not for driving process innovation. I disagreed.

Gartner 199

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 199

EazyStock

JUNE 23, 2022

But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. Processing big data. First – a caveat!

Inventory Management Software 52

Inventory Management Software Big Data Inventory Management Inventory Reduction 52

Stord

APRIL 4, 2022

Leading supply chain professionals and innovative brands are continuing to push the industry forward. Integrated Order Management and Inventory Planning “Proper demand planning beyond replenishment plans. This helps customers increase revenue opportunities, and reduce their risk on the cost of inventory. 2020 sales plus 20%).

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Analytics Software 78

Logistics Viewpoints

NOVEMBER 17, 2023

Titan builds off over a decade of innovations in mobile robotics at Amazon, and can lift up to two times more weight than Hercules, the most broadly deployed robot within our operations. LSEG Workspace, a financial news and data platform, calculated inventory turnover ratios of 30 major U.S. retailers for Reuters.

Logistics Network Optimization Software 224

Logistics Network Optimization Software Sourcing Strategies Logistics San Antonio 224

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

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

SCMDOJO

MAY 15, 2024

Data Analysis [10-15%] Once the data is available, begin analyzing it and create a checklist detailing what data is already present and what is required further. Tools like Power BI and Tableau streamline this analysis process, enabling project teams to visualize data, identify trends, and derive actionable insights.

Optimal Sourcing 74

Optimal Sourcing Network Design Software Supply Chain Design Software Modeling 74

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. This digital twin contains network costs – the inventory carrying cost is X for this product, by Y for this one.

Supply Chain Design Software 257

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 257

ThroughPut

MAY 9, 2024

The primary objective of demand planning software is to ensure that businesses can meet customer demands efficiently without overstocking or understocking inventory. These forecasts enable companies to optimize inventory levels, align production schedules, manage resources effectively, and improve overall supply chain performance.

Supply and Demand 52

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

Logistics Viewpoints

JANUARY 23, 2024

This year, nearly 40,000 attendees comprising 6,200 brands from all over the world headed to the Javits Center to see what new solutions and innovations software and hardware suppliers had in store for 2024 and beyond. Infor is able to use its visibility application to dynamically update ETAs and look at the impact on inventory.

Supply Chain Planning Software 212

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 212

ToolsGroup

OCTOBER 20, 2015

Source: Supply Chain Digest. Last month, Lennox Residential was runner-up in the 2015 Council of Supply Chain Management Professionals (CSCMP) Supply Chain Innovation competition, arguably the top supply chain award in North America. Source: Lennox. Innovative Technology. Let’s look at each: Bold Initiatives.

Supply Chain Planning Software 120

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Supply Chain Software 120

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Changing Landscape of Supply Chain Executives Traditionally, supply chain executives excelled in managing functions like transportation, warehousing, inventory, and production planning but supply chain process extends beyond the firm, involving global relationships with suppliers and customers.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

Supply Chain Shaman

SEPTEMBER 22, 2021

In our research, we find that 72% of planners primarily depend on Excel and desktop analysis despite the rollout of advanced platforms for planning in 92% of manufacturers with greater than 5B$ in revenue. At the end of the presentation, I asked Allyson her perspective on open source analytics. The question is, “Why?”

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221