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

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover is expressed as a financial ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price 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

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

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

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. The focus is on channel data: price; inventory positions; and policies. Channel Sensing.

Material Savings 178

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 178

Arkieva

MAY 12, 2016

Deriving a strategic benchmark for Product Leadership, Operational Excellence and Customer Intimacy in the Supply Chain Triangle. From the benchmark data gathered in the previous sections and the previous blogs, we can distill the benchmark for Product Leadership, Operational Excellence and Customer Intimacy, shown in Figure 9.

Benchmarking 60

Benchmarking Inventory Reduction Supply Chain Strategy Cost Reduction Strategies 60

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

SEPTEMBER 10, 2023

Craft and execute strategies? This was before the split of Kraft into Mondelēz and Heinz, at the beginning of the implementation of Kraft’s global supply chain strategy. (He I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. Gain insights? Why does it matter?

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

Silvon Software

APRIL 18, 2023

What’s really needed, though, is a cohesive measurement strategy that identifies goals, defines a portfolio of metrics to achieve them, and outlines an implementation plan to make it part of your ongoing business process. Consider the example of inventory: The CFO wants to see total inventory as a percentage of revenue.

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

Arkieva

MAY 10, 2016

In our previous blog “ Linking the Supply Chain Triangle to Strategy ”, we have shown how we can map the 3 strategic options proposed by Treacy & Wiersema to the Supply Chain Triangle. A next logical question is if we can somehow capture this from publicly available financial data and benchmark companies on this strategic level.

Benchmarking 60

Benchmarking Expense Reduction Inventory Reduction Cost Reduction Strategies 60

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.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

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

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). We share the report to help companies benchmark and reflect. Leaders put meaning into their strategies.

Supply Chain Planning Software 368

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 368

Oracle SCM

JULY 12, 2017

They prioritized projects that reduced inventory and logistics expenses. Effective strategies coupled with a well-defined plan and the right tools helped supply chain professionals alleviate fulfillment pressures and readied managers for market changes in the future. What are the strategies that helped the best survive?

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

Veridian Solutions

JANUARY 29, 2020

Knowing that your distribution fulfillment strategy is working gives you a better insight into how your business is performing. This is important for reducing order fulfillment errors, improving your inventory management and remaining competitive. Signs That You Might Need a New Fulfillment Strategy. Higher freight spend.

Inventory Reduction 58

Inventory Reduction Expense Reduction Material Savings Cost Reduction Strategies 58

ToolsGroup

DECEMBER 16, 2021

By understanding inventory needs from a financial perspective, including revenue and margin, retailers gain insight into their open-to-buy process and, as part of their merchandise financial planning, ensure the organization will not overspend merchandising budgets. Improve Inventory Flexibility. What is an open-to-buy ?

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Retail Scenario Planning 156

Veridian Solutions

DECEMBER 2, 2019

Instead of waking to a real Christmas horror, ensure your supply chain is capable of handling peak season demands by understanding the problem with poor peak season planning, how the right strategies build optimization, and by applying these nine critical best practices. The Problem With Poor Peak Season Fulfillment Strategies.

Inventory Reduction 45

Inventory Reduction Supply Chain Strategy Price Mitigation Strategies Strategy 45

IQMS

MARCH 22, 2021

Getting warehouse management performance right keeps inventory handling costs under control while improving warehouse efficiency, leading to greater customer satisfaction because orders are shipping on time or early – delighting customers in the process. No one wants to lose a customer because supply chains are so uncertain today.

Inventory Reduction 54

Inventory Reduction Resource Reduction Cost Reduction Strategies Material Savings 54

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Networks and Benchmarking.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Develop and implement strategies to optimize the supply chain.

Optimal Sourcing 79

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

Talking Logistics

APRIL 27, 2015

An important component of that foundation is defining and implementing an effective transportation strategy – a topic that I discussed with Eric Meister, LeanLogistics’ former COO, in a follow-up episode. What’s the first step in that process? A: Fundamentally, what kind of shipper you are is really based on three elements. Is it service?

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

Supply Chain Collaborator

JULY 21, 2016

In its 2016 Global Transportation Management Benchmark Study, American Shipper reveals a great deal of data about who is using TMS, who should be using TMS and why. Retailers are among those industries most interested in TMS solutions as they work toward linking transportation management with inventory management.

Benchmarking 60

Benchmarking Study Inventory Reduction Cost Reduction Strategies 60

Supply Chain Insights

JULY 23, 2017

Forge a strategy? Benchmarking. The first step to building a guiding a coalition is benchmarking. We are offering three types of benchmarking: planning, financial and organizational. Understand inventory write-offs, impact of forecast processes and technology satisfaction in the planning benchmarking.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 0

Arkieva

APRIL 21, 2016

We have looked at the EBIT per inventory $ or per working capital $ to define a best-practice frontier. That frontier can then be used for setting balanced targets on EBIT% versus Inventory Turns or EBIT% versus CCC. or a more focused improvement on EBIT% for the current Inventory Turns (or CCC). The uncertainty is very high.

Inventory Reduction 60

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 60

Unleashed

APRIL 9, 2024

It measures inventory availability and the ability to meet customer orders as they come in. Inventory management A business with a healthy OTIF score is more likely to manage its inventory well and avoid overstocking or stockouts. This results in increased holding costs and a greater risk of inventory obsolescence.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Silvon Software

JUNE 1, 2023

The most important aspect to remember is that KPIs should align with your business strategy. Also, keep in mind that aligning your S&OP KPIs with business strategy is an iterative process. Remember that you can update your KPI selection at any time, so remain open to replacing ineffective metrics.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

SYSPRO Smarter ERP

FEBRUARY 27, 2023

Technology, specifically, is key to an automation project, with ERP software providing seamless automation and integration with core business processes, including customer orders, scheduling operation, and recording inventory. Identifying benchmarks for each area of automation will help determine what success should entail.

Supply Chain Software 111

Supply Chain Software Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning 111

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. Orbit Chart for L’Oréal at the Intersection of Inventory Turns and Operating Margin.

Case Study 249

Case Study Inventory Reduction Agile and Lean Supply Chain Study 249

6 River Systems

MARCH 19, 2020

The Shanghai Skyline Warehouses have also adopted this strategy. And this made sense when warehouses were truly pass-through for inventory. It used to be that you would source, manufacture, store, send to a store and then the consumer would access that inventory. What are the true characteristics of my inventory?

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Design Software Optimal Sourcing 52

ThroughPut

JANUARY 28, 2019

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management. What one can’t ignore, however, is all the external factors that also directly, and indirectly, affect inventory processes.

Optimal Sourcing 94

Optimal Sourcing Optimization Software Supply Chain Software Supply Chain Planning Software 94

Arkieva

JANUARY 6, 2017

Over the past year, the Arkieva Supply Chain Link Blog provided thought leadership and informative posts on supply chain strategy tips, trends, and news. Just in case you missed some of our supply chain strategy posts , we’ve compiled a list of our popular supply chain posts from 2016 below (ranked based on shares and views).

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

Demand Solutions

MARCH 27, 2020

They're the teams responsible for forecasting inventory requirements, managing inventory replenishment functions and sourcing inventory from suppliers. The company has a very high retention of team members and have set world class productivity benchmarks in all areas of operations.

Atlanta 173

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy 173

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

Logility

MAY 16, 2018

As the seasons and styles change, many retailers are faced with a dilemma: what to do with the left over inventory. Automating replenishment allows the team to focus on value added activities which leads to reduced out-of-stocks, higher inventory turns and greater employee satisfaction. Create Pre-Packs.

Inventory Reduction 100

Inventory Reduction Supply Chain Planning Software Vendor Strategies Cost Reduction Strategies 100

Supply Chain Shaman

AUGUST 7, 2019

Recently, I conducted a strategy session was with a major consumer products company selling cosmetics. The company wanted to launch a digital strategy, but the digital supply chain team had never connected with the firm’s digital marketing team to understand how the two groups’ efforts could be intertwined. Step Three.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

crisp

JANUARY 24, 2024

While Luminate offers two tiers of data subscriptions, the Luminate Charter plan stands out as a powerful tool for data-driven brands, boasting a continuously evolving feed of never-before-seen reports designed to transform supplier strategy. This is the promise of Walmart Luminate’s Charter plan.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 52