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

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

Logistics Viewpoints

JANUARY 3, 2023

This article is written by Atakan Kantar & Doğa Kurt from Solvoyo, and examines the ongoing trend CPG companies going direct-to-consumer (D2C). The trend of CPG companies going direct-to-consumer (D2C) is on the rise. Not all points of sales are created equal, nor do all consumers have the same propensity to buy a product.

Modeling 202

Modeling Supply and Demand Supply Chain Optimization Optimization Modeling 202

Logistics Viewpoints

JANUARY 10, 2024

Often times at Logistics Viewpoints, we like to look to the future and highlight the key trends that we see in a given market, or make predictions about what technologies will emerge as game changers in the new year. Here are some highlights from these trends in 2023 and implications on supply chain planning. in December 2021.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Predictive Analytics Software 246

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

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

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

Logistics Viewpoints

APRIL 5, 2023

Most recently, the APQC has conducted best practice and benchmarking research on digital transformation. This report provides a cross-industry perspective on digital transformation in logistics including digital maturity in inventory management, transportation, fleet maintenance, safety and compliance, and more.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Analytics Software Predictive Analytics Software Inventory Management Software 246

BlueYonder

MARCH 30, 2023

This new research analyzes the latest market trends and consumer preferences to help you understand which capabilities retail leaders offer today. However, while 40% of shoppers value a retailer sharing information on inventory levels, only 22% provide transparency of stock availability across stores.

Real-time Visibility 85

Real-time Visibility Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 85

Silvon Software

JUNE 1, 2023

Regularly review and update your stakeholder-focused KPIs based on changing stakeholder needs or emerging trends. Inventory turnover: Evaluate how quickly materials are moving through the supply chain by measuring the number of inventory turnovers within a given period.

S&OP 93

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

Shipsy

MAY 28, 2021

Let’s check out the other last mile delivery trends for 2021. Last Mile Delivery Trends 2021. In 2021 and beyond, we are expecting the following trends to play a pivotal role in improving last mile delivery logistics. Automation of last mile operations. Faster order fulfillment. Cost reduction using analytics and forecasting.

Modeling Software 52

Modeling Software Trends Analytics Software Supply Chain Design Software 52

GlobalTranz

JANUARY 10, 2017

The State of Supply Chain 2016 Trends. Consequently, all processes, including inventory management, logistics, data analytics and ongoing performance management, as reiterated by the staff of Supply Chain 24/7, improvement, can be optimized, creating a more efficient, direct and intelligent supply chain network.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Supply Chain Shaman

AUGUST 7, 2019

Build an industry peer group and gain insights on major trends. In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. inventory turns. Ecolab was able to overcome the downward trend.

Supply Chain Design Software 250

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

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 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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

Logistics Viewpoints

MAY 11, 2021

Students want to know that your company understands the trends and challenges that were already reshaping supply chains and has a vision for how to address them. They are paying attention to whether you were agile and innovative in the current crisis or if you were lost. Will you equip me for the journey?

Supply Chain Planning Software 261

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Analytics Software 261

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

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.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Supply Chain Shaman

OCTOBER 29, 2013

There is such power in being able to pull together quantitative data with financial benchmarking analysis and qualitative interviews to help them see new insights. It is great to pull back the covers and help companies see the new trends and insights on supply chain excellence through research methods. Reduce Bias and Error.

Forecasting 257

Forecasting Supply Chain Design Software Modeling Forecasting Software 257

BlueYonder

DECEMBER 17, 2013

American Shipper recently released its annual benchmark report entitled “ Global Transportation Management Benchmark Study: Climbing the Visibility Sophistication Ladder.” In this context, value is driven through increased sales, reduced inventory and improved margin attainment.

Global Transportation 56

Global Transportation Benchmarking Study Modeling 56

SupplyPike

JUNE 26, 2020

There are many benchmarks and trends to look at while analyzing the four Ps of category management. The benchmarks of the product level should look at the share of items in a category, including the fair share index versus category share. Trends to watch are the linear shelf change and the percent shelf change.

Retail 98

Retail Price Reduction Material Savings Inventory Reduction 98

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. Companies that rely mainly on their experience and gut feeling inevitably hit their limits during the covid pandemic. By Jan van der Burg.

Supply Chain Planning Software 148

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

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

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. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands.

Supply and Demand 52

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

Logility

AUGUST 25, 2020

in inventory write-down and 20% drop in stock value. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. COGS, Total Supply Chain Cost, Productivity, Returns Rates, Carry Cost of Inventory. Significant loss of market share. Item fill rate.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Intelligent Audit

APRIL 27, 2021

Such as: Financial indicators and ROI trends within the market. Prioritize Better Inventory Replenishment. Innovations have forever changed the face of the global supply chain, beginning with the very way inventory is managed and controlled. Capture and Use Real-Time Data to Benchmark Against the Current Market.

Supply Chain Software 52

Supply Chain Software Negotiating Skills Supply Chain Planning Software Supply Chain Optimization 52

PINC

AUGUST 3, 2020

With expectations of higher on-shelf availability and lower inventory costs, the pressure on delivery performance has intensified—as has the need for manufacturers, retailers, and carriers to work together to create efficient, reliable, and responsive supply chains. Streamline data complexity. appeared first on PINC.

Waste Reduction 130

Waste Reduction Metrics Inventory Reduction Cost Reduction Strategies 130

ThroughPut

DECEMBER 6, 2023

Businesses can access historical data, market trends, and other external factors and, by plugging in predictive analytics, gain invaluable insights that streamline inventory management, demand forecasting, transportation planning, risk mitigation, and overall decision-making processes. So, how does predictive analytics help with that?

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Silvon Software

JULY 22, 2022

Working with three core ratios – the days of inventory, days of payables and days of receivables, the cash-to-cash time cycle KPI visualizes the period required between the moment a company pays its suppliers and the moment it receives cash from its customers. Inventory KPIs and Metrics for Managing Supply Chain Performance.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Supply Chain Shaman

JUNE 21, 2023

We find that the companies with the most marked improvement in a balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) are smaller and less well-known. This trend leads to reactive behavior. However, no company wants to share insights from failure.

Gartner 346

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 346

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. Growing Pains.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

ThroughPut

FEBRUARY 2, 2024

This technology sifts through complex data to forecast potential disruptions and market trends, allowing companies to plan ahead instead of reacting in the moment. Advanced supply chain analytics is turning the current uncertainty into strategic foresight.

Prescriptive Analytics Software 52

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

Logility

MARCH 12, 2021

These approaches work by identifying factors that differentiate high versus low sales and incorporate a time dimension in the results to determine future trends. Do you have very low accuracy levels compared to some reasonable benchmark? Predictive analytics can also be used to assess risk around your forecast. But that’s reactive.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

ThroughPut

FEBRUARY 3, 2023

As a result, inventory management across offline, wholesale, and online stores can be challenging. Though there have been numerous advancements in supply chain technologies, inventory replenishment remains an overlooked area in end-to-end operational management.

Supply Chain Planning Software 52

Supply Chain Planning Software Demand Planning Software Inventory Reduction Supply and Demand 52

Unleashed

MARCH 6, 2024

An agile supply chain has key characteristics – such as resiliency, flexibility, and visibility – which enable businesses to adapt to new trends and increase productivity. This can reduce lead times , inventory costs, waste, and errors – and improve customer loyalty and retention.

Agile and Lean Supply Chain 52

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

Supply Chain Movement

FEBRUARY 3, 2014

4 surveys by Supply Chain Insights LLC: Supply Chain Visibility: Benchmark companies’ supply chain visibility in business relationships within their extended supply chain, including the effectiveness of data sharing and sensing: [link]. Vendor Managed Inventory (VMI): The value proposition these processes present.

Survey 97

Survey Supply Chain Design Supply Chain Supply and Demand 97