Unleashed

JUNE 7, 2023

Inventory optimisation is the process that enables efficient inventory management. In this guide, we define inventory optimisation and offer a few actionable tips and strategies for getting it right every time. In this inventory optimisation guide: What is inventory optimisation?

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. Kroger collaborates with thousands of food and beverage, health, beauty, and personal care companies to service roughly 2,800 stores.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

RFgen

JANUARY 23, 2023

Overview: What is mobile device inventory management? With so much information out there about inventory management best practices, it can be hard to determine what steps to take to make improvements. Mobile inventory systems are a proven “must-have” solution for enhancing materials management. bn through 2026. bn through 2026.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Modeling Software 52

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. This article looks at the SKU rationalisation process, how to utilise SKU rationalisation analysis for your business, and some essential best practices for implementing it.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Unleashed

MARCH 6, 2023

But they’re especially useful in fast-moving consumer goods (FMCG) categories such as food and beverages. This article breaks down how to create a marketing plan for the food and beverage industry, plus the benefits of having one. Here are four more major benefits of a food and beverage marketing plan.

Beverage 52

Beverage Food Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

JULY 3, 2015

Inventory Turns (15%) (based on 2014 results). Supply chain leaders manage a complex system of non-linear, but very inter-connected metrics. Leaders need to balance a portfolio of metrics. Year-over-year Improvement at the Intersections of the Metrics. A Three-year Weighted Return on Assets (ROA) Number (25%).

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

Supply Chain Shaman

JULY 21, 2022

To help, we analyze business results each year to understand which companies outperform on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) over the past ten years. Leaders start by answering the question, “How to design the supply chain to drive unique value for customers?”

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

RFgen

MARCH 10, 2023

Order picking is a critical process in warehouse management that involves selecting items from inventory and assembling them into customer orders. In this article, we will discuss the importance of order picking in warehouse management and how speed and accuracy impact warehouse efficiency. READ MORE: Help! My Warehouse is a Mess!

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Inventory Reduction Cost Reduction Strategies 52

QAD

MAY 23, 2024

The food and beverage industry is an ever-fluctuating landscape with a constant demand for operational efficiency. This is especially critical in industries like food and beverage, marked by short product shelf lives and significantly varying demand. Second, the addition of financial metrics into the process which now gives us IBP.

Beverage 65

Beverage Scenario Planning Supply Chain Planning Software Food 65

ThroughPut

MAY 25, 2021

How To Leverage The Benefits Of S&OP For The Food And Beverage Industry? So, how do you get and maintain a competitive edge over the others in the global market? The supply plan must reduce inventory and operating costs while balancing customer service. You have a superior line of products but so do your competitors.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning S&OP 52

Supply Chain Shaman

AUGUST 7, 2019

Here I share insights on how to get started using a four-step process. The company is a food and beverage company. 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.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Unleashed

FEBRUARY 4, 2024

For retailers, inventory is more than just a list of products: It’s also the mainstay of your retail operations, the source of your revenue, and the foundation of customer satisfaction. Retail inventory management is therefore the key to managing inventory costs and movements effectively. What is retail inventory management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

Supply Chain Matters

APRIL 28, 2023

The focus often turns to improvements in working capital efficiencies, inventory and capacity management in addition to more efficient asset management. Such decisions can relate to either maximizing inventory or product demand fulfillment, minimizing changeovers or inventory consumption.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement.

Case Study 287

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 287

Unleashed

AUGUST 18, 2021

For these businesses the question becomes how to optimise the reverse logistics process to improve the customer experience, reduce the cost of waste, add value to products by recycling and repurposing, and become more sustainable. They will need to look to service providers that offer software and technology to manage orders and inventory.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98

DynaSys

JANUARY 13, 2021

However, overall supply (in 2019’s case overall beverage supply) usually accommodates demand. Others, such as food & beverage experienced earthshaking shifts in demand to which most players were ill-equipped to quickly adjust. This places the focus on supply and inventories (see Takeaways section below). On the Demand Side.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 60

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

Unleashed

DECEMBER 28, 2021

One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. Read more: What is Inventory Management? In this article we outline the 15 best methods you can use to reduce inventory: Why do businesses reduce inventory?

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

Supply Chain Trend

DECEMBER 22, 2023

An example on how to map a decision tree based on functional goals and business issues is given in this Decision Back whitepaper. Principle 9: Intelligent IBP maintains a digitized library of decisions, how they are made, what the common options are, what data inputs and analytics are required and who decides.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

Unleashed

APRIL 15, 2020

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation?

Inventory Reduction 89

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 89

RFgen

APRIL 20, 2023

OVERVIEW: Overview of Mobile Inventory Solutions What Problems Does Mobile Inventory Solve? With the growing reliance on digital technologies and reliable data, Oracle Fusion Cloud SCM has emerged as a powerful platform, enabling organizations to optimize their inventory control practices.

Inventory Management Software 52

Inventory Management Software SCM Inventory Management Supply Chain Planning Software 52

Unleashed

NOVEMBER 26, 2020

How to calculate Safety Stock levels in Excel. Ideally, once a safety stock figure is set for each product, an inventory management system such as Unleashed is used to manage stock within ideal levels. Safety stock is a buffer of inventory held to protect against stock-outs. What is the safety stock formula?

Examples 98

Examples Manufacturing Procurement How To Eliminating Excel in Purchasing 98

Logistics Viewpoints

NOVEMBER 3, 2022

How to Get the Most Out of Your Labor Management System Using Engineered Labor Standards to Impact Warehouse Output. The latter refers to a single variable standard (SVS), by which one metric, such as cases per hour, is expected to tell all. Inventory mix. Every change in the routine requires another change in your SVS.

Supply Chain Design Software 213

Supply Chain Design Software Optimization Software System Logistics Network Optimization Software 213

Logility

JULY 20, 2023

Demand planning software forecasts how many of your products and services will be sold in the future. Your business can use it to create a demand plan, which will help you set inventory levels, plan production, create manufacturing schedules, and drive other parts of your supply chain. Perform product segmentation.

Supply and Demand 185

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 185

Unleashed

APRIL 3, 2020

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation?

Inventory Reduction 52

Inventory Reduction Inventory Purchasing Skills Cost Reduction Strategies 52

Unleashed

SEPTEMBER 28, 2023

If you’ve ever had inventory sitting in the storeroom or warehouse unused, unsold, and taking up space – you’ve experienced dead stock. Fortunately, efficient dead stock inventory management can help you avoid those losses. It can appear in the form of raw materials, in-progress inventory, or finished goods. Let’s dive in.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52

ShipBob

FEBRUARY 17, 2023

Your brand’s average order value (AOV) isn’t a vanity metric. The ability to forecast sales and revenue based on an average order value is key to proper inventory management , and more importantly, to business investment decisions. Let’s look at how to do that. First, let’s dive into exactly what AOV is.

Price Reduction 105

Price Reduction Cost Reduction Strategies Inventory Reduction Expense Reduction 105

ShipBob

FEBRUARY 26, 2024

It outlines how your supply chain can benefit from it and how to implement this principle into your processes. and then planning your inventory orders accordingly. It involves assessing how the overall supply chain performed, analyzing metrics, and how well you managed exceptions. Let’s get started.

Forecasting 52

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 52

Unleashed

MAY 12, 2020

Here she shares her views on the KPIs brewers need to track for success, what brewers can expect from the industry as it grows, and how the brewery industry can prepare for the future. Craft breweries have particular inventory and accounting needs. How did you become involved in the beer manufacturing industry?

Manufacturing 72

Manufacturing Data Modeling Software Forecasting Software 72

ToolsGroup

JULY 28, 2015

service levels with 20% inventory reductions. In industries such as e-commerce, consumer goods, food and beverage, electronics, aftermarket, and industrial distribution, companies are seeing 50% and more of their revenue coming from long tail demand items. Now Almost Everyone has a “Long Tail. Specific Planning Solutions are Needed.

Supply Chain Design Software 120

Supply Chain Design Software Modeling Supply Chain Planning Software Supply Chain Design 120

6 River Systems

JUNE 29, 2020

Building supply chain resilience isn’t a new goal, but it’s become a primary focus for supply chain leaders in the wake of the pandemic crisis, particularly in the hardest-hit industries, such as food and beverage. Build flexible supply networks to minimize the risk of disruption. ” — Michael Varney and Wil G.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Supply Chain Action Blog

JULY 8, 2021

Amanda has been using some of the common metrics for forecast accuracy, including MAPE (mean absolute percentage error) and weighted MAPE, but the statistical forecast doesn’t seem to improve and the qualitative inputs from marketing and sales are hit or miss. How should I initialize the settings for model parameters?

Forecasting 40

Forecasting Forecasting Software Optimal Sourcing Modeling 40

Unleashed

DECEMBER 20, 2022

Popular categories include groceries and beverages, books and music, online courses, and clothing. Start-up costs are low, business expenses are generally lower, and companies can save on inventory costs when choosing drop shipping options. B2C B2B C2B C2C. Goods and services are sold by a business to an individual. Global audience.

Modeling Software 96

Modeling Software Demand Planning Software Inventory Management Software Forecasting Software 96

Supply Chain Shaman

JUNE 6, 2015

It has taken us three years to learn how to plan. In food and beverage companies, I think that we are at a supply chain crisis. So, do food and beverage companies have the time to allow an invention to spark to become a gradual innovation (e.g. Inventory piles up and revenues gaps are closed by pushing product into the market.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

Logility

MAY 2, 2021

This one shortcoming is perhaps one of the most obvious for this forecasting metric. Take, for example, food and beverage brands known for introducing, proliferating, and rationalizing SKU varietals. The key is knowing how to improve business results with systematic advancement in predictive demand management.

Forecasting 148

Forecasting Forecasting Software Procurement Analytics Prescriptive Analytics Software 148