Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. Focuses on what and how is supplied.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

ThroughPut

JUNE 13, 2024

Here’s the thing about the Food & Beverages (F&B) industry: Pricing your products isn’t just about covering costs and achieving target profits. For instance, products nearing expiration need quick turnover, and seasonal changes can drastically alter the availability and cost of ingredients, thus affecting prices.

Price Reduction 52

Price Reduction Inventory Reduction Cost Reduction Strategies Material Savings 52

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

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

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

GlobalTranz

APRIL 6, 2021

But the rapid shift from retail to online purchasing for staples and the surge for protective equipment, as well as unanticipated products like bread makers and home-schooling items, left many retailers flatfooted. COVID-19 triggered an unprecedented surge in panic buying of food, beverages, hand sanitizer, toilet paper, and other essentials.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

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

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

RFgen

JUNE 8, 2023

Key Takeaways: Inventory management software with built-in automation has been found to increase accuracy and profits. There is no one-size-fits-all solution for inventory management software—it’s about the best product for your business objectives and industry. And with the average on-hand inventory quantities up 8.3%

Inventory Management Software 57

Inventory Management Software Supply Chain Planning Software Optimization Software Demand Planning Software 57

ShipBob

FEBRUARY 8, 2021

34% of businesses ship orders late due to items being out of stock at time of purchase. Poor inventory management can significantly impact customer loyalty and the overall brand experience. . Inventory management is a crucial part of the ecommerce supply chain that impacts customer loyalty and the overall brand experience.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Cost Reduction Strategies Inventory 98

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

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. Report on and analyze results.

Supply and Demand 185

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

ShipBob

SEPTEMBER 25, 2023

CBD products come in many forms, such as supplements, beverages, skincare, pet care, and more, so it has also become a popular product among ecommerce sellers. Before you start selling CBD products online , you should know exactly what to expect and how to prepare. Table of Contents ** Minutes What is CBD?

How To 98

How To Demand Planning Software Supply Chain Planning Software Analytics Software 98

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

ShipBob

FEBRUARY 26, 2024

This process allows you to fully optimize your supply chain for greater efficiency at a lower cost. It outlines how your supply chain can benefit from it and how to implement this principle into your processes. to meet customer demand while minimizing costs. and then planning your inventory orders accordingly.

Forecasting 52

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 52

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

MAY 19, 2020

Now it’s getting tougher – the craft brewing business has so many more breweries starting up and you need to compete smarter in this growing market, think about your customers more efficiently and focus on how to actually track and trace everything you need to make your beer. How many due to production failures? Customer service.

Supply Chain Planning Software 98

Supply Chain Planning Software Forecasting Software Inventory Management Software Demand Planning Software 98

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. It represents lost revenue and increases your holding costs and opportunity costs. Fortunately, efficient dead stock inventory management can help you avoid those losses. Let’s dive in.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52

Supply Chain Shaman

SEPTEMBER 10, 2020

Food and beverage companies are experiencing double-digit demand. Demand latency is the time from channel purchase to order receipt.) Underneath the technology market in advanced analytics is the move from planning to decision support. The third step is to overlay machine learning or advanced analytics over existing data models.

Supply Chain Planning Software 421

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 421

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

Logility

JANUARY 28, 2022

A 2021 McKinsey report suggests that COVID has put supply chain risk on everyone’s radar. That’s all well and good, but the report goes on to say that “significant blind spots remain.” One key finding: 85% of respondents indicated that they have shifted their purchase behavior toward sustainable products over the past five years.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 130

Unleashed

MAY 25, 2020

The beverage industry story has been particularly dramatic, with rapid expansion and growth in the last two years, followed by a turbulent ride through the recent pandemic. In writing this beverage industry sector report we analysed aggregate data from 235 beverage companies that use Unleashed’s cloud-based inventory management software.

Beverage 72

Beverage Procurement Analytics Report Manufacturing Procurement 72

ToolsGroup

DECEMBER 4, 2018

For instance, The Economist reports that between 2011 and 2015 the largest 25 food and beverage incumbents accounted for nearly half (45%) of total industry revenue, but smaller companies drove nearly all (97%) of market growth. Microbrand Dollar Shave Club reached a $1 billion valuation w hen it was purchased by Unilever in 2016.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 159

DynaSys

MARCH 24, 2020

The complexity of how to get to that goal of a real-time from the current state can be daunting and unclear. Historically a vending machine was located near someplace where it seemed like people might like to purchase and drink a beverage. The vending machine took real cash (remember cash?)

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Optimization Inventory Reduction Supply Chain Software 70

RFgen

MARCH 12, 2024

In inventory management, the FIFO (First-In, First-Out) method takes center stage, offering a performance of unmatched clarity and efficiency in the world of stock control. Imagine your inventory as a flowing river, where the oldest water—your earliest products—moves forward to be used first, ensuring nothing stagnates or loses its relevance.

Inventory Management Software 81

Inventory Management Software Inventory Reduction Inventory Management Material Savings 81

RFgen

AUGUST 7, 2022

All told, less than 50% of food and beverage companies are fully compliant with current traceability regulations—including the Bioterrorism Act and FSMA. WATCH VIDEO: How Blue Bell achieved ingredient traceability for ice cream ». Calculating the Cost of a Food Recall. Based on published reports. Sunland, Inc.

Food 52

Food Supply Chain Design Software Supply Chain Software Manufacturing Procurement 52

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.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

Elementum

SEPTEMBER 11, 2015

Its growth is enough to make giants like McDonald’s, Cargill, and Wal-mart sit up and pay attention, agreeing to overhaul their current procurement methods in order to give the people what they want. We take a look at the most common methods of switching to a natural supply chain, and how to avoid common issues.

Food 60

Food Beverage Purchasing Skills Procurement Solutions 60

Unleashed

AUGUST 18, 2021

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. Here we look in detail at how and why reverse logistics is important for retailers and manufacturers, covering the questions: What is reverse logistics? Consumers are shopping online more and more.

Reverse Logistics 98

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

CH Robinson Transportfolio

DECEMBER 5, 2019

Over the holidays, nearly 165 million consumers across the United States will buy food and beverages to celebrate the season. Gina Garven, vice president of commercial development and analytics at Robinson Fresh (a division of C.H. Key holiday food and beverage trends. Seasonal impact on shipping and logistics.

Logistics Network Optimization Software 44

Logistics Network Optimization Software Supply Chain Planning Software Beverage Logistics 44

AIMMS

JULY 9, 2015

A recent report by the ACE European Group identifies supply chains as of the biggest sources of concern for European businesses today. On the other hand, there is a rising need for smarter and more flexible tools as well as more staff with analytical capabilities. Let’s take the example of inventory optimization.

Supply Chain Planning Software 120

Supply Chain Planning Software Demand Planning Software Optimization Software Analytics Software 120

Logility

MAY 2, 2021

From sourcing and production to logistics to marketing, most companies have long relied on a single foundational key performance indicator (KPI) to dictate how they fulfill their customer needs. This one shortcoming is perhaps one of the most obvious for this forecasting metric.

Forecasting 148

Forecasting Forecasting Software Procurement Analytics Prescriptive Analytics Software 148

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. ” — 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 Game Changer

SEPTEMBER 23, 2022

On the other hand, inefficient distribution centers are prone to inventory inaccuracy and poor warehouse layout. As you optimize your distribution center, you must invest in analytics to get measurable insights and make data-driven decisions. Regularly Monitor Inventory. Train The Distribution Team.

Inventory Reduction 52

Inventory Reduction Waste Reduction Expense Reduction Cost Reduction Strategies 52

QAD

AUGUST 25, 2021

ERP can considerably streamline an organization’s operations, automating functions such as accounting, procurement, project management, customer relationship management, risk management, compliance and supply chain operations. Real-time Data & Enhanced Reporting. Food & Beverage. What are the Disadvantages of ERP?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Forecasting Software 52

6 River Systems

FEBRUARY 3, 2020

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Advanced and predictive analytics Advanced and predictive analytics are deployed in real- or near-real time.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 59

Unleashed

JANUARY 11, 2021

These tools link forecasts to production schedules and supplier contracts, providing complete and detailed insights to track ingredients and expiry dates, and offer analytics to predict seasonal demand fluctuations. How to reduce waste in the beer supply chain. How will Brexit affect the beer supply chain?

Supply Chain Design Software 108

Supply Chain Design Software Supply Chain Software Demand Planning Software Forecasting Software 108