GlobalTranz

NOVEMBER 8, 2018

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Challenges in Managing E-Commerce Fulfillment The challenges of managing e-commerce fulfillment go back to the need to rapidly scale operations to meet changing demand.

Analysis 151

Analysis Data Forecasting Software Forecasting 151

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

Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management?

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Unleashed

OCTOBER 6, 2021

That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that VMI creates efficiencies in the supply chain as it ensures data from sales is a key part of the inventory management system.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

Negotiating Skills 74

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 74

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.

Modeling 212

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 212

Taulia

SEPTEMBER 7, 2022

Getting this formula right – ensuring that inventory is always available when needed, but never a burden – is the central aim of inventory management. But, to complicate matters, there’s more than one inventory management strategy to choose from. What is an inventory management strategy?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Kinaxis

JUNE 22, 2015

by Andrew Dunbar Over the last several weeks, this blog series on Inventory Management has explored the objectives and roles of inventory managers and outlined several of the improvement levers available to them. Each metric requires context. So, what do you need to measure to manage your inventory ?

Metrics 100

Metrics Inventory Reduction Inventory Inventory Management Software 100

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Here’s a look at our top seven.

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

RFgen

JANUARY 23, 2023

Overview: What is mobile device inventory management? With so much information out there about inventory management best practices, it can be hard to determine what steps to take to make improvements. Mobile inventory systems are a proven “must-have” solution for enhancing materials management.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Modeling Software 52

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Mistake #3.

Supply Chain Planning Software 367

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 367

ThroughPut

OCTOBER 16, 2022

As stock shortages cause stumbling blocks due to inefficient inventory management, even excess inventory due to improper stock tracking can leave the business cash-strapped. As these problems multiply, inventory imbalances also lead to bottom-line losses due to expired or redundant stock. INVENTORY STRATEGY.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Unleashed

MARCH 18, 2019

Did you know that better inventory management and control is one of the biggest parts of running a successful business and yet it is one that is often put on the back burner for misconceptions of that it is not a major profitable pursuit? When your inventory stock dips below the pre-set levels, you know it is time to order more.

Inventory Management Software 69

Inventory Management Software Inventory Management Inventory Optimization Software 69

QAD

JULY 1, 2021

Your total manufacturing costs are essentially an expense analysis that calculates how each of your company’s departments contributed to producing a finalized product. Total manufacturing costs showcase how much your company spent to produce its inventory in a given period of time. What are Total Manufacturing Costs?

Manufacturing Procurement 88

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 88

Supply Chain Shaman

NOVEMBER 21, 2023

The analysis, based on network optimization assumed average loading, and did not account for the swings. At that time, Fred started pressuring the organization on the DOI (days of inventory) levels. His goal was to separate manufacturing and distribution inventories to improve his bonus incentives. The metrics were not aligned.

Supply Chain Planning Software 354

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 354

Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. These metrics should align with your organization’s objectives and priorities.

S&OP 103

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 103

Unleashed

MARCH 7, 2019

This is all very well, however to achieve this goal, inventory management needs to be a focus. If inventory management is not considered carefully as a business improvement metric, then it can insidiously become a money trap which of course will simply erode any profits to be made. Shift the blame.

Inventory Management Software 66

Inventory Management Software Inventory Management Inventory Reduction Inventory 66

DELMIA Quintiq

MARCH 30, 2023

MCT connects all stakeholders for timely and more effective communication, and supplying real-time data and metrics enables data analysis for manufacturing and operations, empowering teams to make critical decisions faster and more accurately.

Manufacturing 156

Manufacturing Real-time Visibility Supply Chain Planning Software Industrial 156

Supply Chain Shaman

JULY 19, 2020

The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics. They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. Stop the Focus on Functional Metrics.

Supply Chain Design Software 425

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 425

Veridian Solutions

OCTOBER 2, 2018

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Challenges in Managing E-Commerce Fulfillment The challenges of managing e-commerce fulfillment go back to the need to rapidly scale operations to meet changing demand.

Analysis 53

Analysis Data Forecasting Software Supply Chain Software 53

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. This article looks at the SKU rationalisation process, how to utilise SKU rationalisation analysis for your business, and some essential best practices for implementing it.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

SCMDOJO

MARCH 8, 2024

Suppliers monitor stock levels and replenish inventory automatically, based on agreed-upon criteria such as sales data or predefined inventory levels. VMI reduces the burden on businesses by outsourcing inventory management tasks to suppliers, ensuring timely replenishment and minimizing stockouts.

Inventory Reduction 79

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 79

Elementum

FEBRUARY 7, 2024

These tasks range from simple data entry activities to more intricate operations like managing the supply chain. These technologies allow for the continuous analysis of operational data, automating complex decisions and optimizing processes to enhance efficiency and adaptability.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Precoro

JULY 16, 2023

The framework provided by the American Purchasing Society can help purchasing managers conduct retrospective analysis and set up professional goals. Whether or not the purchasing manager decides to incorporate outside guidelines, like those from the APS, they should work together with upper management to define these goals.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

ThroughPut

APRIL 30, 2024

The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency. Inventory Management : Artificial intelligence in inventory management has enabled inventory tracking in real-time.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

EazyStock

OCTOBER 10, 2018

Big data exists in real-time and involves prompt access to data, alerts and inventory management and control metrics through cloud computing systems. However, the velocity and volume of big data hinders companies in making accurate and timely decisions without the use of data management solutions.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

SYSPRO Smarter ERP

MARCH 28, 2024

You don’t want data that could create analysis paralysis. If production metrics are important, you may want to get data on: Machine and labor availability. Defect rates for quality management. How to apply metrics One challenge is deciding what metrics to use. The work to get this has to be collaborative.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 52

Supply Chain Shaman

FEBRUARY 14, 2022

They gave lip service to the need for IT standardization, but ran their process on a custom built model that enabled reverse bill of material, and profitability analysis. They were ahead of their time on simulation analysis and cross-functional orchestration.). So, why are inventories higher? Mistake #5. Measurement.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Matters

FEBRUARY 22, 2024

based retailers would provide the best indicators of retail industry customer fulfillment trends including various changing strategies in inventory management and customer fulfilment efforts, along with restoring higher profitability levels. Inventory Management The retailer reported inventory declines of 4.5

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. We sense that the above, coupled with Jassy’s business reviews were the catalyst for undergoing an analysis of how this provider’s U.S.

Supply Chain Network Software 52

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

Unleashed

FEBRUARY 4, 2024

For retailers, inventory is more than just a list of products: It’s also the mainstay of your retail operations, the source of your revenue, and the foundation of customer satisfaction. Retail inventory management is therefore the key to managing inventory costs and movements effectively.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

OptiProERP

FEBRUARY 8, 2024

The Role of ERP in Manufacturing Enterprise Resource Planning systems are the backbone of modern manufacturing operations, providing comprehensive tools for managing various aspects of the production process, including inventory management , supply chain logistics , production scheduling, and financial reporting.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

Stord

APRIL 24, 2024

The opportunities lie in leveraging these technologies to optimize inventory management, ensure transparency, and provide personalized customer experiences , ultimately leading to increased operational efficiency and competitiveness.

Supply Chain Planning Software 88

Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software Predictive Analytics Software 88

Logility

JUNE 2, 2023

Forecast Value Add (FVA) FVA is a potent metric measuring whether the forecasting process adds value by improving accuracy. Step 2: Leverage Multi-Tiered Segmentation Analysis Segmentation analysis is invaluable for understanding and anticipating demand patterns with increased precision, resulting in better l ong-term planning.

Forecasting 130

Forecasting Modeling Forecasting Software Supply and Demand 130

Supply Chain Shaman

AUGUST 7, 2019

Lab work testing follows vital sign analysis. When I asked for an analysis of the customer service data with a root cause analysis, it was not available. Six months later based on the work of four hard-working employees, we were able to get the analysis to start to roll-up our sleeves. Long Tail Analysis.

Supply Chain Design Software 253

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