Enterra Insights

JUNE 22, 2023

In contrast, forecasting provides overall aggregate estimates, such as the total number of purchases next quarter. For example, forecasting might estimate the total number of ice cream cones to be purchased in a certain region, while predictive analytics tells you which individual customers are likely to buy an ice cream cone.”[1]

Supply Chain Performance 130

Supply Chain Performance Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software 130

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. Amazon Amazon utilizes predictive analytics to optimize its inventory management.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Unleashed

JULY 25, 2023

This ratio helps you to determine how efficiently you are managing and selling inventory and is a key indicator of the overall health of your business. Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. The software never expanded in scope to manage multi-tier inventories. Too few companies stop to answer the questions: Is the solution giving a good plan? Old habits die hard.) The reason?

Supply Chain Planning Software 256

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 256

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Learn more: Inventory Accounting – A Free Video Guide for Accountants & Advisors What is Days Sales of Inventory (DSI)? It’s also known as Days Sales in Inventory and Average Age of Inventory.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Unleashed

MAY 9, 2024

This data can be worked out manually or (if you’re already using cloud manufacturing software ) you can access it with your system’s analytics tools. Standard output: This is your output divided by an industry or competitor benchmark. Once you have all the key data you need, apply the manufacturing efficiency formula below.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Resource Reduction Inventory Reduction 52

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” The Inventory Management Journey.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Unleashed

FEBRUARY 1, 2023

This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. This allows you to bulk purchase certain products to meet that segment’s needs. What is demand planning?

Supply and Demand 52

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

Unleashed

OCTOBER 20, 2021

A good inventory management system can play a vital part in the smooth running of a business – and getting it set up properly can make all the difference. Learn more: What is Inventory Management? Techniques for 2021 What hardware requirements are there for an inventory management system?

Inventory Management Software 96

Inventory Management Software Inventory Management Forecasting Software Inventory Reduction 96

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

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. Otherwise, inventory positions can become misaligned, leading to suboptimal revenue generation and needless waste. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 180

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 180

SupplyPike

JUNE 26, 2020

How do retailers manage their categories? Category management is defined as a purchasing concept which groups products together into discrete classifications. These product categories are then used to define purchasing behaviors. Consumer analysis checks the purchase frequency and the consumer purchase cycle.

Retail 98

Retail Price Reduction Material Savings Inventory Reduction 98

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Unleashed

MARCH 6, 2024

Supply chain management software can facilitate proactive planning through the provision of forecasting, simulation, optimisation, and scenario analysis tools. Circle One implemented Unleashed to streamline its sales order and purchasing processes, reduce manual errors, and improve its inventory visibility and accuracy.

Agile and Lean Supply Chain 52

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

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Supply chain management is increasingly making an impact on the overall functioning of the business and influencing C-suite decisions. Do you want to be managing people?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Logistics Bureau

JANUARY 19, 2020

The seminars will cover basic supply chain management, and more advanced elements such as strategy, outsourcing, cost to serve, benchmarking, and so on.”. Procurement and purchasing. Inventory management and optimisation. Supply chain technology, systems, and solutions. So… Where Should We Go?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning Cost Reduction Strategies 52

RFgen

APRIL 28, 2023

When seeking to improve efficiency and optimize cost, solution-focused mobile technology can accomplish both. In this article, we will look at how strategy and planning, warehouse layout optimization, process improvement, and labor management can all contribute to a revolutionized warehouse business model. In fact, U.S.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Waste Reduction Expense Reduction 52

GlobalTranz

APRIL 25, 2016

If cost reduction is not the only thing to measuring supply chain performance, that begs the questions: "Maybe we should be measuring other Supply Chain Management activities and what would they be?". Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. 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

Logistics Bureau

JANUARY 24, 2018

That involved planning, servicing and managing service operations for industrial and farm machinery. Planning, logistics and inventory management became my life. This passion was the platform for my focus on supply chain management over the last decade. It’s all about scientific training, having a plan and benchmarking.

Supply Chain Planning Software 58

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Inventory Management Software 58

EMERGE App

OCTOBER 4, 2018

Not cleaning up the inventory skeletons in your closet can mean a difference between a ho-hum year and a bumper year. Here we’re going to cover some common inventory management mistakes that businesses make while winding up the year. Inventory Management Mistakes – 8 Horrors of Inventory Management.

Inventory Management Software 76

Inventory Management Software Inventory Management Inventory Reduction Inventory 76

Unleashed

DECEMBER 13, 2023

Index figures are calculated from a combination of core performance metrics, including sales performance, purchasing and internal efficiency. Quarterly performance is then benchmarked against the nine previous quarters. Scores below 50 represent below average performance for each sector.

Manufacturing Procurement 52

Manufacturing Procurement New Zealand Manufacturing Beverage 52

GlobalTranz

MARCH 7, 2016

As explained by Bruce Tompkins , improving the supply chain includes improving service levels through better inventory management, reducing operating costs, reducing order-cycle time, achieving 100-percent accuracy, improving supply chain security and control, and improving flexibility.

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Supply Chain Opz

NOVEMBER 9, 2014

The Lean journey should focus on straightforward activities that everyone can see and understand because the tools take on a life of their own, causing the operation to lose sight of the simple goal of waste elimination. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

ShipBob

APRIL 15, 2024

By calculating and tracking your GMROI, you can make more informed decisions on pricing, budgeting, and inventory spending, so that your business can not only survive, but thrive. In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management. What does gross margin return on investment mean?

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Unleashed

JANUARY 5, 2021

Inventory management is a critical function of any business, with drastic implications on profit margins. Inventory turnover is a key formula that’s often discussed in the context of inventory management efficiency, and crops up in most types of inventory report. What is inventory turnover?

Inventory Reduction 83

Inventory Reduction Inventory Procurement Analytics Inventory Management Software 83

RFgen

FEBRUARY 5, 2017

A great inventory management plan can improve how products move from bins to consumers, improving overall warehouse production. Managing warehouse inventory is a pivotal part of ensuring even flow of goods from one area of the warehouse to the consumer. Strategy Lacks Clear Vision.

Inventory Reduction 52

Inventory Reduction Material Savings Resource Reduction Cost Reduction Strategies 52

RFgen

FEBRUARY 5, 2017

A great inventory management plan can improve how products move from bins to consumers, improving overall warehouse production. Managing warehouse inventory is a pivotal part of ensuring even flow of goods from one area of the warehouse to the consumer. Strategy Lacks Clear Vision.

Inventory Reduction 52

Inventory Reduction Material Savings Resource Reduction Cost Reduction Strategies 52

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Arkieva

JANUARY 6, 2017

After a couple of quick questions about the product that she had purchased, it was obvious to me that the product itself had the right features. She commented that the error seemed to be in the way that the software was implemented, and not in the base capability of the software. A methodology to pick the best fit method.

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

Unleashed

SEPTEMBER 30, 2022

For example, large purchases of machinery or other equipment designed to make the business more efficient over time may drive down the ROIC, but with a positive long-term ambition. Software systems such as Unleashed are key drivers of efficiency, and are an excellent place to start.

Cost Reduction Strategies 98

Cost Reduction Strategies Inventory Reduction Waste Reduction Price Reduction 98

Logistics Bureau

DECEMBER 3, 2017

SCLA focuses on the practical knowledge necessary to succeed in real-world supply chain management, and therefore is not heavily laced with academic theory, although of course all key concepts, models, and tools are explaine d as part of the program content. Warehouse and logistics performance management, measurement, and benchmarking.

Education 40

Education Purchasing Skills Buyer Training Supply Chain Design Software 40

6 River Systems

APRIL 23, 2019

Alexandra Zelenko is a Marketing and Technical Writer at DDI Development company that delivers web and mobile digital solutions for a wide range of business expertise, such as recruitment, fintech, CRM, e-learning, logistics, etc. Robert DeStefano is the Senior Product Marketing Manager for Ivanti. Alexandra Zelenko. DevGuildDDI.

Warehousing 97

Warehousing Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 97