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

Logistics Viewpoints

MARCH 27, 2023

As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. This leads to lower inventory carrying costs and thus better case flow. Demand forecasting should be tightly integrated to an inventory optimization application.

Forecasting 209

Forecasting Forecasting Software Modeling Optimal Sourcing 209

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

Logistics Viewpoints

APRIL 5, 2023

Design and engineering, production operations, maintenance, logistics, supply chain, business systems, customers, products, and organizational structure are subject to innovative change as companies examine and update processes and deploy new tools and technologies.” There are many areas of digital transformation within the supply chain.

Logistics Network Optimization Software 273

Logistics Network Optimization Software Analytics Software Predictive Analytics Software Inventory Management Software 273

Supply Chain Movement

APRIL 22, 2016

The need to benchmark supply chain performance runs deep in many companies. For many companies, the search for benchmarking data becomes the end in and of itself, rather than the means to an end. Often, companies go through the trouble of completing a benchmark, only to then let the results collect dust on a bookshelf.

Benchmarking 60

Benchmarking Supply Chain Planning Software Gartner Pharmaceutical 60

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

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

ToolsGroup

JUNE 18, 2024

By optimizing inventory levels based on real-time demand data, organizations can reduce carrying costs and minimize stockouts. Measurability: Goals provide benchmarks against which progress can be measured. Leverage Technology: Utilize data analytics tools to gather and analyze real-time data. Let’s Chat

Optimal Sourcing 177

Optimal Sourcing Supply Chain Planning Software Price Mitigation Strategies Optimization Software 177

ToolsGroup

MAY 4, 2020

Along with its AI-driven demand forecasting and inventory planning software, ToolsGroup has introduced new customer support offerings for COVID-19 planning as well as educational resources including the ebook “ COVID-19 Risk: Enable Swift and Efficient Response to Supply Chain Disruptions.” Companies Share COVID-19 Response.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120

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

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. Ipsen also need to reduce their lead times. The results?

Customer Service 204

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 204

crisp

AUGUST 27, 2024

From EDI compliance and enablement to fully built-out Monday morning reports and customizable reporting with over 5,000 relevant Target metrics, SOLYS stands out as a premier data management tool all teams across supplier organizations can benefit from.

Vendor Strategies 52

Vendor Strategies Supply Chain Planning Software Analytics Software Forecasting Software 52

Supply Chain Movement

MARCH 16, 2022

For an professional wholesaler, key KPIs like the service levels towards its customers, the service levels of its suppliers, the turnover of its inventory and the potential overstock should be in balance. In short: digital tools improve your operations, so do embrace them! By Jan van der Burg.

Supply Chain Planning Software 148

Supply Chain Planning Software Forecasting Software Demand Planning Software Optimization Software 148

SCMDOJO

MAY 30, 2024

From the warehouse manager overseeing inventory to the transportation coordinator organizing routes, each member of the logistics department plays a crucial role in getting products from point A to point B. This includes optimizing storage space, implementing proper inventory control systems, and ensuring the safety and security of goods.

Optimal Sourcing 98

Optimal Sourcing Pricing Training Logistics Network Optimization Software Inventory Reduction 98

SYSPRO Smarter ERP

AUGUST 23, 2023

From inventory optimization to real-time scheduling to machine integration on the shop floor, manufacturers are seeing a measurable reduction in stock on hand, rework, and material waste. Constraint-based planning solutions that manage material, equipment, tools and resources are becoming the norm.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Planning Software Modeling Software Demand Planning Software 98

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

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This involves not only identifying the volume and frequency of shipments but also delving into specific requirements, such as: The advent of Digital Freight Procurement Tools , means users can now compile the above data in a fraction of the time spent previously. Shipping Frequency, Service Routing, Delivery Time, Compensation Clause, etc.,)

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Logility

APRIL 2, 2020

Supplier scorecards are globally accepted as a key tool for managing a more profitable supply chain. A good scorecard helps identify which vendors deliver the best value, explains the drivers of performance, and is a preferred collaboration tool for improving supplier relationships. Strengthening a negotiating position.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Supply Chain Shaman

APRIL 19, 2021

Avoid focusing on building a good demand plan and expect significant issues in service and inventory. To understand the benefits of improving the demand plan, model it using network planning and simulation tools. Instead, focus on improving error to reduce cost, improve inventory, and delight customers. “ Joe. Lora groans.)

Supply Chain Planning Software 293

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 293

ThroughPut

SEPTEMBER 20, 2024

Frequent Disruptions Thanks to Amazon’s moving benchmark of constantly better delivery times – no matter what the cost – distribution is now complicated beyond imagination, leading to frequent bottlenecks and disruptions. The solutions offered by the tool make it an ideal retail logistics case study. Here’s how and why.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Logistics Network Optimization Software Supply Chain Optimization 52

Silvon Software

JUNE 1, 2023

Inventory turnover: Evaluate how quickly materials are moving through the supply chain by measuring the number of inventory turnovers within a given period. Use tools such as data visualization, root cause analysis, and process mapping to gain insights and make data-driven decisions.

S&OP 111

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 111

6 River Systems

MARCH 19, 2020

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. Inventory now has to be much more nimble and therefore supply chain nodes can no longer resemble their static nature of old.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Design Software Optimal Sourcing 52

Logility

MARCH 12, 2021

Pulling data into a business intelligence tool in each department, the company started generating a new series of reports designed to meet the requirements of each department. This blog post outlines three types of inter-related analytical tools that you need to use in concert to get the best insight from your data.

Supply and Demand 189

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 189

RFgen

AUGUST 30, 2024

Moreover, the lack of real-time visibility into inventory often results in workers spending excessive time walking through large warehouses searching for stock, increasing both physical and mental stress. Inventory control specialists They focus on tracking and managing warehouse inventory levels.

Inventory Reduction 73

Inventory Reduction Cost Reduction Strategies Material Savings Price Mitigation Strategies 73

Supply Chain Insights

JULY 23, 2017

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. Here we share some insights.

Supply Chain Planning Software 0

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

GlobalTranz

SEPTEMBER 24, 2018

Lack of access to local and regional tools and resources. The nature of e-commerce implies that customers may be ordering product from around the globe, so tapping into the value of local and regional tools and resources is crucial to increased Speed of delivery and reduced delays, as well as costs.

Transportation Management 210

Transportation Management 3PL Logistics Network Optimization Software Supply Chain Network Software 210

Stord

AUGUST 5, 2020

An EPA SmartWay partnership provides us with the gold standard of emissions calculating tools for sustainability accounting. The SmartWay program provides a structured process for tracking, documenting, and benchmarking logistics’ carbon footprint across the entire supply chain including freight.

Waste Reduction 78

Waste Reduction Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 78

Logistics Bureau

OCTOBER 20, 2021

In many cases, your distribution operation will incur unwanted costs to manage returns of damaged items and deliver replacements to the customers (not to mention the cost of writing off damaged inventory). Inventory Days of Supply. How to Calculate Inventory Days of Supply. Average sales in a month: 600. The Par Level System.

Supply Chain Design Software 83

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 83

Supply Chain Game Changer

OCTOBER 29, 2020

Use of Freight Rate Benchmarking. Freight rate benchmarking with real-time data can assist your freight sourcing team to benchmark the rates that you are getting against what is out in the market instantly. Freight rate benchmarking and market intelligence will greatly assist you irrespective of the size of your business.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

SCMDOJO

MAY 30, 2024

From the warehouse manager overseeing inventory to the transportation coordinator organizing routes, each member of the logistics department plays a crucial role in getting products from point A to point B. This includes optimizing storage space, implementing proper inventory control systems, and ensuring the safety and security of goods.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 52

ToolsGroup

OCTOBER 3, 2022

Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” Technology: Equip your team with the tools they need to do their jobs efficiently and improve workflows.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

Unleashed

APRIL 18, 2024

Implementing JIT in manufacturing operations can significantly reduce lead times and inventory levels, leading to cost savings and more responsive production cycles. The just-in-time approach contrasts with just-in-case strategies, where producers hold sufficient inventories to absorb maximum market demand.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

Supply Chain Shaman

AUGUST 12, 2020

After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital. In this orbit chart, Lenovo lags the competitor group at the intersection of inventory turns and operating margin and struggles to drive improvement. The reason? Is this leadership?

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Supply Chain Shaman

APRIL 19, 2021

Avoid focusing on building a good demand plan and expect significant issues in service and inventory. To understand the benefits of improving the demand plan, model it using network planning and simulation tools. Instead, focus on improving error to reduce cost, improve inventory, and delight customers. “ Joe. Lora groans.)

Supply Chain Planning Software 195

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 195

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. A company might order the same quantity of a product each month, not accounting for seasonal demand variations.

Prescriptive Analytics Software 52

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