Logility

JANUARY 12, 2024

Navigating the $5 trillion North American apparel market requires precision, especially when dealing with the intricate complexities of forecasting and inventory management. Its implementation transforms how businesses manage inventory and forecast demand, leading to streamlined and effective decision-making processes.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

Loop Supply Systems

JULY 21, 2016

Eliminating Your Excess Inventory. Excess inventory is experienced by nearly every manufacturer – and it’s a big problem. Inventory is one of the 7 Lean Mudas (Japanese term for ‘waste’). COST OF EXCESS INVENTORY. Now think about all of your inventory. ROOT CAUSES.

Inventory Reduction 40

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 40

RFgen

OCTOBER 6, 2016

Clearance sales are one way to get rid of excess inventory. may need to find ways to reduce inventories without throwing away money. As retailers look to correct this problem, they’ll need to find buyers for fixed assets and real estate and new solutions for inventory management. What Does Too Much Inventory Mean?

Inventory Reduction 52

Inventory Reduction Inventory Retail Waste Reduction 52

RFgen

OCTOBER 6, 2016

Clearance sales are one way to get rid of excess inventory. may need to find ways to reduce inventories without throwing away money. As retailers look to correct this problem, they’ll need to find buyers for fixed assets and real estate and new solutions for inventory management. What Does Too Much Inventory Mean?

Inventory Reduction 52

Inventory Reduction Inventory Retail Waste Reduction 52

Logility

SEPTEMBER 1, 2023

Demand forecasting plays a crucial role in business success, as it helps predict customer demand and plan inventory effectively. In this beginner-friendly blog post, I’ll explore how AI can improve demand forecasting and highlight the key concepts that will help you understand this exciting field.

Forecasting 175

Forecasting Forecasting Software Demand Planning Software Modeling 175

SCMDOJO

NOVEMBER 29, 2023

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow.

Inventory Reduction 88

Inventory Reduction Material Savings Resource Reduction Inventory Management Software 88

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

ToolsGroup

SEPTEMBER 13, 2023

The key lies in high performance inventory. Forward-looking supply chain professionals understand that inventory is not an end in itself; it’s a means – to enhanced customer service, increased profitability, and greater efficiency. What is High Performance Inventory?

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

The Smart Software

JUNE 19, 2023

To overcome these challenges, this blog outlines key strategies that prioritize service levels, utilize probabilistic methods to calculate reorder points, regularly adjust stocking policies, and implement a dedicated planning process to avoid excessive inventory.

Inventory Reduction 86

Inventory Reduction Price Mitigation Strategies Supply Chain Planning Software Supply Chain Strategy 86

QAD

APRIL 23, 2024

An Introduction to How FTZ Software is Changing FTZ Management for the Better Foreign-Trade Zone (FTZ) management has a reputation for being complex, especially regarding inventory management. US Customs and Border Protection (CBP) requires precise inventory recordkeeping and control. That’s what we’ll be answering today.

Inventory Management Software 97

Inventory Management Software Analytics Software Optimization Software Supply Chain Software 97

Enterra Insights

JUNE 22, 2022

The irony of excess inventory. Reporters from Bloomberg explain, “A nationwide inventory glut has led to unexpected bargains for U.S. ”[6] According Stokel-Walker, Bloomberg reports, “The biggest retailers in the United States have nearly $45 billion in excess stock.” ” Optimizing inventory.

Inventory Reduction 130

Inventory Reduction Inventory Prescriptive Analytics Software Inventory Management Software 130

Supply Chain Trend

MARCH 20, 2024

One crucial aspect of this decision-making process occurs in the sales and operations execution horizon—a critical 13-week window where key stakeholders gather weekly to navigate the complexities of demand planning, supply management, inventory allocation, and more. P.S. I had to do at least one blog with ChatGPT.

Supply Chain Software 60

Supply Chain Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 60

Stord

APRIL 24, 2024

From improved customer experience to greater inventory planning and forecasting, AI promises to make all of our lives easier and reduce those all-too-common supply chain headaches. Ben Daugherty, Senior Account Executive Smarter Inventory Forecasting Historically, inventory forecasting has challenged most growing brands.

Supply Chain Planning Software 88

Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software Predictive Analytics Software 88

ToolsGroup

JULY 5, 2023

This is the latest of the company’s significant strides toward making supply chains a force for good by helping organizations improve service levels, reduce excess stock, eliminate waste, and increase profits. For more information about SO99+, read our blog on the v8.61 Version 8.61 The release of SO99+ V8.61 release HERE.

ToolsGroup 156

ToolsGroup Optimal Sourcing Waste Reduction Inventory Reduction 156

ThroughPut

APRIL 11, 2024

Customers will now be able to see inventory projections in the near, short, and long term, enabling them to expose risks, highlight recommended actions early, and evaluate the overall state of their inventory PALO ALTO, CA, April 10, 2024 /PRNewswire/ — ThroughPut Inc. ,

Modeling 52

Modeling Supply Chain Planning Software Inventory Predictive Analytics Software 52

ThroughPut

APRIL 11, 2024

Customers will now be able to see inventory projections in the near, short, and long term, enabling them to expose risks, highlight recommended actions early, and evaluate the overall state of their inventory PALO ALTO, CA, April 10, 2024 /PRNewswire/ — ThroughPut Inc. ,

Modeling 52

Modeling Supply Chain Planning Software Inventory Predictive Analytics Software 52

ToolsGroup

MARCH 7, 2023

This is just the latest of the company’s significant strides towards making supply chains a force for good by helping organizations guarantee service, reduce excess stock, and increase profits. What-If Scenario Planning : The simulation and optimization of inventory and service levels trade-offs and their impact in different design scenarios.

Optimal Sourcing 156

Optimal Sourcing ToolsGroup Supply Chain Planning Software Scenario Planning 156

ToolsGroup

JANUARY 7, 2020

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits.

Inventory Reduction 194

Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

DELMIA Quintiq

APRIL 6, 2020

The key challenge is to not over-produce and stock up on excessive inventory , but at the same time be ready for summer by securing on-shelf availability and fulfillment. The impact on inventory and demand will depend on the extent and timing of the pandemic ending. But manufacturers still have to generate demand scenarios.

Scenario Planning 296

Scenario Planning Supply Chain Planning Software Food Modeling 296

ToolsGroup

MARCH 24, 2021

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

ToolsGroup

MAY 16, 2023

Balancing Inventory Remains the Key to Customer Service and Profitability Although fast expansion remains a priority for some segments (like medical equipment), many of the supply chain executives we spoke to named inventory levels as their main concern. Fortunately, “service-driven planning” is already a proven theory.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

CHAINalytics

OCTOBER 11, 2022

Do you have the correct inventory targets to optimize your investment in working capital? If you’re looking to free up funds or keep excess inventory to a minimum, here are some crucial elements you’ll need to keep top of mind. Inventory reduction is a hot topic right now.

Inventory Reduction 112

Inventory Reduction Inventory Data Supply Chain Planning 112

ToolsGroup

FEBRUARY 4, 2020

When demand changes faster than a company’s ability to respond, you can end up with the wrong SKU mix and locations, frequent internal inventory transfers and expedites with high freight costs. Excess and obsolete inventory. We’re projecting a 60% reduction in inventory across SKUs when the full rollout is complete.

Supply Chain Planning Software 232

Supply Chain Planning Software Supply Chain Planning Inventory Reduction Supply Chain Software 232

GlobalTranz

MARCH 17, 2022

The manufacturing industry faces many challenges, such as a skilled labor shortage, supply chain instability, and inventory management issues. Supply Chain Management and Maintaining Inventory. Facing inventory challenges is common in the manufacturing industry. Inventory management software is an important solution.

Logistics Network Optimization Software 247

Logistics Network Optimization Software Supply Chain Planning Software Inventory Management Software Inventory Reduction 247

Demand Solutions

NOVEMBER 5, 2018

Think about it: If we could somehow forecast with 100% accuracy, we'd be able to carry only the inventory we plan to sell, with maybe a little extra to cover for unexpected mishaps. How can the cost of carrying inventory be so high? Read the next blog post "How Are You Calculating Safety Stock Levels?".

Forecasting 192

Forecasting Supply Chain Planning Software Supply Chain Planning Supply Chain Software 192

ToolsGroup

SEPTEMBER 25, 2018

Precisely balancing the tradeoff for each inventory item is a hallmark of inventory optimization. Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Controlling inventory expenses often comes at a cost.

Cost Reduction Strategies 168

Cost Reduction Strategies Expense Reduction Supply Chain Optimization Inventory Reduction 168

ToolsGroup

JULY 27, 2021

Make Sure Your Inventory is Healthy. Getting to healthy inventory levels is a natural result of leveraging downstream demand with demand sensing. With the added challenge of demand and supplier instability, many CPG companies are stockpiling excess safety stock. Traditional inventory approaches create stockouts and waste.

Agile and Lean Supply Chain 290

Agile and Lean Supply Chain Supply and Demand Supply Chain Planning Software Gartner 290

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

QAD

MARCH 11, 2024

Additionally, AI algorithms optimize production schedules, inventory management, and supply chain logistics, resulting in faster turnaround times, reduced costs and increased productivity. This reduces overproduction and prevents excess inventory, thereby minimizing food waste.

Food 76

Food Waste Reduction Supply Chain Planning Software Supply Chain Software 76

ModusLink Corporation

SEPTEMBER 7, 2023

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ToolsGroup

AUGUST 3, 2020

It’s notoriously difficult to optimize inventory for aftermarket parts. You need to maintain high service levels, but sporadic demand and an infinite number of SKUs frequently lead to waste, excess cost and product obsolescence. Read on for our five inventory optimization secrets for aftermarket parts.

Inventory Reduction 156

Inventory Reduction Waste Reduction Optimization Software Supply Chain Optimization 156

Kuebix

JUNE 17, 2020

What is Inventory Management and Why is it Important? Inventory management refers to the process of ordering, storing and using a company’s goods or materials. Successfully managing inventory allows businesses to meet the demand level of their consumers with an appropriate amount of supply.

Inventory 137

Inventory Supply Chain Software Supply Chain Inventory Management Software 137

GlobalTranz

AUGUST 11, 2021

Indicator 1: It’s Difficult to Track Your Inventory From Suppliers Through Final Mile. Inventory tracking and visibility must be present from the first mile through the final mile, reflecting the entire shipment lifecycle through white glove services.

Logistics Network Optimization Software 294

Logistics Network Optimization Software Transportation Supply Chain Software Supply Chain Planning Software 294

USC Consulting Group

AUGUST 17, 2021

As more and more critical inventory didn’t arrive when manufacturers across many types of industries needed it, it created alarming shortages and delays. Inventory problems come in the form of having too much stock on hand. Excess motion. Transporting. It’s about how the job gets done. ” Back to top ?.

Just-in-Time 96

Just-in-Time Modeling Modeling Software Optimization Modeling 96

QAD

MAY 11, 2023

In this blog, we will discuss why data visibility is so important in supply chain planning and how it can help organizations become adaptive enterprises. Real-time Tracking Real-time tracking of shipments and inventory levels is essential for effective supply chain planning. appeared first on QAD Blog.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Planning Real-time Visibility Scenario Planning 96