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

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. What Is Procurement Process?

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Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

QAD

JANUARY 19, 2023

Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. This process covers anything in direct relation, from individual employees to organizations, information and resources. Function: operation management, logistics and inventory. Let’s dive in.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 95

Logility

AUGUST 23, 2021

Food and beverage (F&B) industry executives face mounting pressure to keep up with soaring demand. Additionally, volumetric and financial information are integrated to assess alternative suppliers, production plants, transportation providers, and storage locations in the context of financial performance.

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Supply Chain Software Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 130

Unleashed

AUGUST 17, 2021

Cloud-based SaaS software allows for better remote accessibility – information is stored in the cloud, and can be accessed on a range of mobile devices. These include inventory management, supply chain operations, procurement, project management, financial management, risk management and compliance.

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. Otherwise, inventory positions can become misaligned, leading to suboptimal revenue generation and needless waste. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Synovos

FEBRUARY 21, 2023

I have spent a great deal of time talking to engineers, maintenance and procurement professionals involved in MRO,” says Will Brummett, Vice President of Sales, North America, for RS Integrated Supply. “I Calculate Total Cost of Ownership 68% said managed inventory services provided better visibility of stock and spend. The solution?

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Sourcing Strategies Cost Reduction Strategies Inventory Reduction Price Reduction 52

EC Sourcing Group

DECEMBER 17, 2018

His company was called in by a producer of high-end beverages. They protect the beverage and their unique shape and labeling are an important part of their high quality brand image. Agreed to Net 45 payment terms based on inventory pull – the company had previously paid 50% six months in advance for each order.

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Manufacturing Procurement Negotiating Skills Negotiate Pricing Quality 40

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.

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Unleashed

AUGUST 21, 2019

If your business is managing lots of stock, label printing can make inventory management much easier. Smarter manufacturing inventory management software allows your business to create, customise and print labels. No more excuses for unidentified boxes lying around the warehouse and risk mixing up inventory stock.

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Manufacturing Procurement Inventory Management Software Manufacturing Inventory Reduction 61

QAD

AUGUST 12, 2021

We will see the continued adoption of a wide range of sustainability efforts across manufacturing verticals, from automotive to food and beverage to life sciences. Like the companies highlighted above, many manufacturers now have published objectives and separate sustainability reports or incorporate the information in annual reports.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

USC Consulting Group

JANUARY 10, 2022

We work with a wide range of industries, including chemical processing, forestry products, food & beverage, life sciences, mining & metals, oil & gas, transportation & logistics, private equity, and yes, manufacturing. It’s a useful process, but we’ve found it’s missing a critical area: Inventory.

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Optimal Sourcing Sourcing Strategies Manufacturing Procurement Inventory Reduction 40

DynaSys

FEBRUARY 19, 2019

Information needs to be accessible from all points on the supply chain. If the supply chain processes are not connected from the beginning to the end of the entire procurement, manufacturing and distribution processes, or “field to fork”, you will have a bumpy road. One critical step needs to happen for this process to work well.

Manufacturing Procurement 45

Manufacturing Procurement Agile and Lean Supply Chain Supply Chain Software Supply Chain 45

SYSPRO Smarter ERP

MARCH 14, 2022

Food and beverage manufacturing and distribution companies usually operate on smaller margins than most organizations in other industries. Unfortunately, a significant chunk of food and beverage companies’ raw materials are commodities, whose prices don’t just fluctuate from month to month but can change hour-by-hour.

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Manufacturing Procurement Cost Reduction Strategies Material Savings Beverage 105

Unleashed

MARCH 7, 2022

PAR levels are used widely in industries that handle perishable items – such as hospitality and pharmaceuticals – to calculate the level of inventory needed for a given item so businesses don’t run out before their next delivery. The PAR level determines the optimum amount of inventory stock needed on hand after each order delivery.

Inventory Management Software 98

Inventory Management Software Inventory Reduction Inventory Management Examples 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).

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 62

RFgen

APRIL 8, 2020

However, a surprising number of manufacturers still rely on manual and paper processes to handle inventory. Because of the shift to a new supply chain paradigm, many essential businesses, like those in defense, food and beverage and medical manufacturing, are adjusting to a new normal in their day-to-day operations.

Supply Chain Software 98

Supply Chain Software Supply Chain Planning Software Manufacturing Procurement Supply Chain Planning 98

CH Robinson Transportfolio

APRIL 18, 2019

Change your thinking on retail procurement. Robinson can offer Managed Procurement Services and assess the entire end to end pipeline of your retail model, looking at each element holistically to see how changes in one piece of the process could lead to changes in another. For more information on C.H.

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Optimal Sourcing Modeling Cost Reduction Strategies Supply Chain Optimization 34

CH Robinson Transportfolio

APRIL 18, 2019

Change your thinking on retail procurement. Robinson can offer Managed Procurement Services and assess the entire end to end pipeline of your retail model, looking at each element holistically to see how changes in one piece of the process could lead to changes in another. For more information on C.H.

Optimal Sourcing 34

Optimal Sourcing Modeling Cost Reduction Strategies Supply Chain Optimization 34

IQMS

OCTOBER 18, 2019

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Journal Of Management Information Systems , 32 (4), 4-39. no opt-in). Preston, D. S., & Swink, M.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73

RFgen

APRIL 8, 2020

However, a surprising number of manufacturers still rely on manual and paper processes to handle inventory. Because of the shift to a new supply chain paradigm, many essential businesses, like those in defense, food and beverage and medical manufacturing, are adjusting to a new normal in their day-to-day operations.

Supply Chain Software 52

Supply Chain Software Supply Chain Planning Software Manufacturing Procurement Supply Chain Planning 52

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.

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Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 106

Logility

JULY 20, 2023

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. The software can then be used to adjust the forecast based on any additional information that’s available, such as promotions and other market changes.

Supply and Demand 187

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 187

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

Supply Chain Matters

MAY 9, 2023

Inventory levels in retail channels remain at high levels because of bullwhip excess ordering. Supply chain functional stovepipes or islands of information can no longer be tolerated. As of April, there have been eight consecutive months of global supply network contractionary conditions as depicted by the J.P.

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Supply Chain Planning Software Supply Chain Design Software Pharmaceutical Supply Chain Planning 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 56

Inventory Management Software Supply Chain Planning Software Optimization Software Demand Planning Software 56

ShipBob

FEBRUARY 26, 2024

and then planning your inventory orders accordingly. Production and inventory planning should be accounted for when making this forecast. Resolving exception items – As soon as the exception has been identified, it’s important to inform all the parties impacted by it. seaonal demand , holidays and peak season , etc.)

Forecasting 52

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 52

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Cloud technology allows organizations to combine all supply chain and logistics information into a single, central solution. Centralized information eliminates data silos and strengthens information sharing through real-time communication (instead of point-to-point data transmission). Internet of Things.

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Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Logistics Bureau

DECEMBER 3, 2017

Our blog posts and articles here at Logistics Bureau are almost always written to inform, but this time we’re writing with a request for information. Supply Chain Technology: If the human resource is the most critical in supply chain operation, information technology is not far behind. Inventory management.

Education 40

Education Purchasing Skills Buyer Training Supply Chain Design Software 40

QAD

FEBRUARY 15, 2023

You must understand the impact on business performance as changes in one area are propagated through the end to end supply chain — so the effect on procurement, manufacturing, supply chain/ distribution are clearly understood. A great plan must be executed against, and include financial metrics.

Supply Chain Planning Software 52

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

RFgen

MARCH 13, 2023

In today’s fast-paced business environment, the need for accurate, reliable, and efficient inventory management has never been more critical. Leveraging barcoding technology and mobile inventory software drives operational excellence while maximizing the bottom line. Improved Efficiency. Increased Productivity.

Supply Chain Design Software 52

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

GlobalTranz

MAY 7, 2018

Today, with omnichannel pressures and a drastically different retail environment, stores are working hard to eliminate excess inventory and penalize vendors for early (and late) deliveries. Just a few years ago, delivery windows had some wiggle room and arriving ahead of schedule was acceptable. Download eBook.

Capacity 120

Capacity Optimal Sourcing Vendor Strategies Price Reduction 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. They increase their perfect order rate by 20% to 40% and customer satisfaction by as much as 30%.

Supply Chain Planning Software 116

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

RFgen

AUGUST 5, 2020

Too many companies still rely on manual data collection processes for handling inventory. Tracking inventory in the warehouse, shop floor or out in the field using paper checklists, spreadsheets, data entry into the ERP, or using no system at all, is not effective. Mobile inventory software with additional functionality.

Supply Chain Design Software 83

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Optimization Software 83

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. That centralized data enables a business to access real-time information and generate more useful reports.

Supply Chain Planning Software 52

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

6 River Systems

FEBRUARY 3, 2020

Cloud technology allows organizations to combine all supply chain and logistics information into a single, central solution. Centralized information eliminates data silos and strengthens information sharing through real-time communication (instead of point-to-point data transmission).

Supply Chain Planning Software 59

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

RFgen

AUGUST 5, 2020

Too many companies still rely on manual data collection processes for handling inventory. Tracking inventory in the warehouse, shop floor or out in the field using paper checklists, spreadsheets, data entry into the ERP, or using no system at all, is not effective. Mobile inventory software with additional functionality.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Optimization Software 52