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 90

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 90

AIMMS

SEPTEMBER 3, 2019

Part I in our series on assessing your Demand Forecasting process. Is your demand forecasting process evolving with the times? Are you satisfied with your level of forecast accuracy? The quiz has been taken by more than 200 participants across several regions – from North America to Asia Pacific. – Tweet this.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting 156

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

These events have highlighted a need for agility and have led to significant changes and approaches to managing supply chains across the Asia Pacific region. . By 2024, 40% of APeJ-based supply chain forecasts will be automated through the use of artificial intelligence, improving accuracy by 5 percentage points.

Predictive Analytics Software 246

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

Supply Chain Movement

DECEMBER 20, 2013

Forecasting product demand will never by 100% perfect but it is possible to reduce the error of judgment. Nestlé is revitalising its Demand Forecasting process in Europe, relying on analytics to predict the demand for low-volatile products. Still the majority of our forecasting is judgmental and therefore subjective,” says Gärtner.

Forecasting 107

Forecasting Forecasting Software Supply and Demand Modeling 107

ToolsGroup

MARCH 17, 2020

Use demand modeling to fine-tune demand forecasts. Usually disruptive events require redefinition and reconfiguring of the supply chain network in order to identify correct allocation of flows and inventory. You can model alternative flows and networks while guaranteeing service policies to customers.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

ToolsGroup

SEPTEMBER 19, 2023

She has spent her entire career in the retail industry, gaining expertise in merchandising, allocation, and inventory management. Monica Tatham has over 16 years of experience at A&F Co. with extensive background in retail planning and management. I’m excited to share one of the many ways Abercrombie & Fitch Co.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

ToolsGroup

JANUARY 11, 2024

By leveraging AI powered inventory planning solutions from JustEnough, Kappahl will be able to perfectly balance the top-line merchandising requirements for growth with the bottom-line demand for profitability,” said ToolsGroup CEO, Inna Kuznetsova. That’s why we’re trusted by leading companies like Abercrombie & Fitch, Co.,

ToolsGroup 156

ToolsGroup Sweden Supply Chain Planning Software Finland 156

Supply Chain Matters

JANUARY 23, 2024

The modules announced as general availability were Supply Planning , software that supports accurately forecasting and planning purchases of raw materials, components and finished goods as well as improve in-stock rates across the extended supply network. Virginia), US West (Oregon) , Europe (Frankfurt) , and Asia Pacific (Sydney ) regions.

Supply Chain Planning Software 59

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

ShipBob

NOVEMBER 29, 2023

These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory. What is ghost inventory?

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

Operations and Supply Chain Management

OCTOBER 18, 2021

Forecasting Shipping Delays; Cargo Swamps Airports; Alibaba’s Challenge. Hunt’s third-quarter earnings signal a strong market for freight operators, but increasingly restrained economic forecasts suggest clouds on the horizon. retailers’ inventory-to-sales ratio in August, down from 1.11 Nikkei Asia). By Paul Page.

Forecasting 52

Forecasting Cargo Forecasting Software Logistics Network Optimization Software 52

The Logistics & Supply Chain Management Society

AUGUST 15, 2021

She believes that a central Inventory System that manages all incoming & outgoing transactions and orders will provide a single source visibility, overcome some of her teething problems, and increase productivity in the Order to Fulfilment process. Let us go back to building the new add-ons or the Inventory System.

Supply Chain Design Software 246

Supply Chain Design Software Forecasting Software Predictive Analytics Software Modeling Software 246

Supply Chain Shaman

JULY 15, 2021

Containers are being “rolled” month by month in Asia due to the lack of available containers. Forecast logistics and hold yourself accountable. Use market signals to forecast shipments by lane and by mode. Global Chinese imports soared 61% in the first two months of 2021, and will become worse for the holiday period.

Supply Chain Design Software 367

Supply Chain Design Software Supply Chain Planning Software Price Reduction Forecasting Software 367

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

Sustainability is definitely coming of age in Asia. In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supply chain operations, will increase their revenue by 20 percent in 2025. AI and ML will take the supply chain to the next level.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Software Modeling Software Forecasting Software 223

Supply Chain Shaman

JANUARY 31, 2022

Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. In addition, Lucas used inventory as a slush fund to make quarterly earnings. Nor did Lucas understand how the increase in variability and the continual redesign of the supply chain added to the need for inventory.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Logistics Viewpoints

MARCH 22, 2024

could design and manufacture the advanced computer chips that power everything from lawnmowers to supercomputers on its own soil, instead of having to outsource production to Asia. The $2,500 spread between spot market rates and long-term freight contract rates for Asia to U.S. Full electrification of the U.S.

Logistics Network Optimization Software 225

Logistics Network Optimization Software Cost Reduction Strategies Vendor Strategies Panama 225

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Many companies buy forward inventory ahead of tariffs being implemented. This strategy, however, may incur additional warehousing and storage costs, and firms may experience accounting challenges where an inventory is considered an asset, which could affect cash flow. Operational strategies. Buying forward. Conclusion.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Supply Chain Matters

JUNE 7, 2023

This week the World Bank released its latest June forecast of its Semiannual Global Economic Prospects Report. This latest forecast indicates that the global economy will grow by 2.1 percent forecasted at the beginning of this year. In the not so optimistic category, the bank revised its 2024 global growth forecast to 2.4

Forecasting 52

Forecasting Global Scenario Planning Supply Chain Planning 52

Logistics Viewpoints

JUNE 30, 2022

With our supply chains clogged and retail inventories piling up, we have a situation wherein the huge imbalances between demand and supply at the product mix level can have an adverse impact on product availability for B2B and B2C companies alike, especially as we start heading to the holiday season. Not really. in October 2021. A ratio of 1.5

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 216

Supply Chain Shaman

FEBRUARY 7, 2022

Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. In addition, Lucas used inventory as a slush fund to make quarterly earnings. Nor did Lucas understand how the increase in variability and the continual redesign of the supply chain added to the need for inventory.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

DECEMBER 17, 2018

Shell’s current shift to the global supply chain is impacting North America, Latin America, Europe, Middle East, Asia, Russia, and China. They saw a steady drop in inventory and reduced working capital by about 50% over the period of 2011-2015. Impact of Demand Sensing on Inventory Levels. A Brief History of IT Investments.

Demand Planning Software 245

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 245

Enterra Insights

AUGUST 5, 2022

.”[1] Here’s the rub: “All those excess retail inventories are starting to weigh on warehousing markets. ” To make room for new inventory, many of America’s largest retailers are steeply discounting excess goods this summer. … And it’s not just Walmart.”[2]. ”[2].

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Inventory Reduction Price Reduction 130

ToolsGroup

SEPTEMBER 22, 2015

But companies can overcome this obstacle by positioning the right inventory across the supply chain to absorb such volatility. Fixing forecasts is important. But generating good forecasts is still difficult for even the best managed companies. Demand forecasts attempt to predict future demand.

Modeling 120

Modeling Optimal Sourcing Supply and Demand Demand Planning Software 120

SCMDOJO

APRIL 27, 2022

Countries, especially in South Asia, like China, India, Bangladesh, Pakistan, Vietnam, etc., Demand forecasting is an essential feature of this type of supply chain network and you will require dedicated professionals who are experts at analyzing key metrics to forecast the demand. Get Demand Forecasting The Ultimate Guide.

Apparel 114

Apparel Supply Chain Design Software Supply Chain Design Supply Chain Optimization 114

The Logistics & Supply Chain Management Society

APRIL 26, 2022

by Martin You – Sales Director for Asia Pacific at E2open. More specifically, it took 83 days for container transport from Europe to Asia, and 88 days from North America to Asia. Martin You – Sales Director for Asia Pacific at E2open. Driving Sustainable Growth Through Supply Chain Resilience.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

The Logistics & Supply Chain Management Society

APRIL 15, 2021

This unlocks enormous value as you eliminate time lags, lower costs, and slash inventory buffers across the network. Planners then implement inventory buffers to cushion and absorb obvious conflicts that arise between trading partners. You decide where to start moving capabilities onto the network, in a phased-way that lowers risk.

Inventory Reduction 259

Inventory Reduction Cost Reduction Strategies Expense Reduction Supply Chain Planning Software 259

EMERGE App

FEBRUARY 22, 2019

But while the newly arrived goods sit in your warehouse, did you know that there are also costs associated with keeping inventory? They are collectively called inventory carrying costs because they need to be paid to hold inventory. Here, we’ll explore what is meant by inventory carrying costs and their examples.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Purchasing Skills Inventory 75

Logistics Viewpoints

JANUARY 12, 2024

German logistics giant DHL Group is advising customers to take a close look at how they manage inventories as shippers switch away from the Red Sea, though trade associations said they did not expect any notable disruptions for Europe’s top economy. When it comes to inflation forecasting , pretty everyone had it wrong.

Logistics Network Optimization Software 257

Logistics Network Optimization Software Price Reduction Inventory Reduction Resource Reduction 257

SYSPRO Smarter ERP

JANUARY 29, 2024

Many governments are incentivising companies to invest in new manufacturing technologies, and the manufacturing sector in Asia has undergone significant change in recent years. With AI, it will be possible to use historical data and market trends to forecast demand and optimise inventory levels with more accuracy and reliability than before.

Manufacturing Procurement 52

Manufacturing Procurement Trends Manufacturing Inventory Management Software 52

SCMDOJO

APRIL 9, 2024

The Silk Road became a massively critical route that moved goods from the Mediterranean region to East Asia. In the world of logistics, this means enhanced operational efficiency for inventory management, route optimization, safety and security of goods, and resource allocation.

Supply Chain Design Software 76

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 76

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

Logistics Viewpoints

MAY 12, 2023

Chile has long been a hub of second-hand and unsold clothing, made in China or Bangladesh and passing through Europe, Asia or the United States before arriving in Chile, where it is resold around Latin America. Our forecast now projects a larger decline in imports in the first half of this year than we forecast last month.

Logistics Network Optimization Software 198

Logistics Network Optimization Software Material Savings Logistics Chile 198

CH Robinson Transportfolio

JANUARY 3, 2020

For example, you might be surprised how beneficial rail service between Europe and Asia can be for your business today. . Robinson’s average rail transit time between Europe and Asia is 14-18 days, with some routes completing the trip in only 12 days. Ocean transit time between Asia and Europe is often 45 days or more.

Asia 46

Asia Europe Logistics Network Optimization Software Cost Reduction Strategies 46

The Logistics & Supply Chain Management Society

SEPTEMBER 21, 2022

Timing when stores need replenishment or when factory production will increase its demand, will likewise have better forecasting software to lower the overall waste in our inventory and retail systems. Load planning software, route planning software, fleet sharing platforms, telematics, and so forth.

Supply Chain Design Software 246

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 246

ToolsGroup

JANUARY 6, 2022

To all of my supply chain, demand planning, and forecasting friends who found the year challenging (if not traumatic), rest assured: You were not alone then – and you’re not alone now. Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 290

Supply Chain Shaman

JANUARY 9, 2019

The use of a conventional supply chain tool to forecast this demand resulted in the degradation of the forecast by 14%. Stuck, the company struggled with customer service levels and high inventory write-offs. The process helped World Kitchen manage inventories through bankruptcy filing in 2002. The reason? The result?

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Case Study Forecasting Software 259

NC State SCRC

JANUARY 1, 2023

He is the most accurate forecaster I know, because unlike many speculators and economists, his observations are based on actual data! He believes that inflation isn’t going to go down going into 2023 – but will persist. Inventory will remain bloated for the first half of 2023, – and supplier relationships will be tested.

Predictive Analytics Software 94

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Pharmaceutical 94

20Cube Logistics

JANUARY 27, 2022

The Asia-Pacific region, which has emerged to be the economic hotspot in the last few decades, displayed a huge slump during the first wave of the COVID-19 pandemic. However markets recovered themselves in 2021 to greater extent and the economists are forecasting an expansion of that steady growth in the year 2022 as well.

Manufacturing Procurement 83

Manufacturing Procurement Asia Currency Policies 83