Freightos

JUNE 6, 2023

It really got tricky when we have over thousands of these in production and we’re starting to book freight and we’re realizing that the budget we had put in for freight is… it’s almost 4 or 5X what we had thought it would be. to 0.85 (Source: ShipBob ). This trend was a while in coming.

Manufacturing Procurement 246

Manufacturing Procurement Optimal Sourcing Inventory Reduction Supply and Demand 246

Talking Logistics

OCTOBER 15, 2018

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.

Inventory Management Software 101

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 101

Cathy Roberson

SEPTEMBER 7, 2021

Despite supply chain costs increasing and available capacity almost a rarity, retailers are undertaking a variety of ways to make sure they receive their inventory in time for the ever-important holiday season. “We feel good about the composition of our inventory. It's been difficult to plan inventory flow with much precision.

Inventory Reduction 92

Inventory Reduction Inventory Sourcing Strategies Retail 92

ThroughPut

DECEMBER 1, 2023

What is Demand-driven Inventory Replenishment? Demand-driven replenishment is a strategic approach to inventory management that prioritizes aligning inventory levels with actual customer demand rather than relying solely on historical data or forecasts. Why Use Demand-driven Inventory Replenishment?

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Modeling Vendor Strategies 52

Unleashed

JUNE 5, 2023

But if you’re on a tight budget, or you only deal with a handful of SKUs, the modern perpetual inventory method may be a little heavy for your basic needs. What is a periodic inventory system? A periodic inventory system is a method of accounting for inventory in which stock updates are made periodically.

Inventory Management Software 52

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

Supply Chain Shaman

NOVEMBER 9, 2023

I just went live this year with a Fortune 25 company, and their factories book against their orders online. Use of optimization to consume planned orders into manufacturing scheduling and distribution requirements planning (including inventory optimization of safety stock). I am a consultant, and I am meticulous in implementations.

Optimal Sourcing 323

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 323

EazyStock

JUNE 23, 2022

This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it! This article explores some of the benefits of big data to inventory management teams.

Inventory Management Software 52

Inventory Management Software Big Data Inventory Management Inventory Reduction 52

Supply Chain Shaman

SEPTEMBER 28, 2022

Last week, after booking an additional $1B in unexpected supplier costs in the third quarter, the CFO led the company’s focus on restructuring to “support efficient and reliable sourcing of components and internal development of key technologies and capabilities.” COVID impacts also continue. Don’t Be Like Ford.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Supply Chain Opz

MARCH 26, 2015

What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory control often starts with how to know the demand of particular product. What is the Best Forecasting Model?

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

Supply Chain Game Changer

JULY 30, 2020

Featuring Our 10 Best Inventory Management Articles! Inventory Shrinkage article and permission to publish here provided by Jake Rheude at redstagfulfillment.com. There are many terms for inventory shrinkage: warehouse shrinkage, product shrinkage, loss of product. The best way to explain inventory shrinkage is an example.

Inventory Reduction 70

Inventory Reduction Inventory Inventory Management Software Third Party Logistics 70

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

Freightos

OCTOBER 31, 2022

It really got tricky when we hadover thousands of unitsin production and were starting to book freight and suddenly realized that the cost of freight was almost 4 or 5X what we had budgeted. Here’s four to start with: Shifting focus: In 2021, the key problem to solve was sourcing and supply chain management.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain 156

Supply Chain Shaman

SEPTEMBER 20, 2015

Source: Dictionary.com. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. This included monthly reviews between business units and central operations teams and adaptive inventory segmentation policies. It is systemic.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Freightos

JUNE 15, 2021

When trying to book a specific slot on a container ship (yes, the ones that can handle the equivalent of 20,000 containers), prices have exceeded $16,000 (!). But these retailers also report having low inventories, meaning fewer products in stock for consumers due to the supply chain mess. . But that’s changed. The answer?

Global 395

Global Supply Chain Price Reduction Supply and Demand 395

DELMIA Quintiq

JULY 31, 2023

Source: Deloitte – Consumer sustainability tops the innovation agenda The effective implementation of sustainability goals on emissions, circularity, waste reduction and the recyclability of materials requires a transformation of company operations spanning the entire supply chain—of which digital transformation is a key part.

Sourcing Strategies 156

Sourcing Strategies Supply Chain Planning Software Waste Reduction Price Reduction 156

ThroughPut

OCTOBER 16, 2022

A roadmap towards achieving demand-driven inventory replenishment planning. Therefore organizations which have a replenishment planning approach with a demand-driven module, ensures inventory optimization , reduces rework, and eliminates bottlenecks in the supply chain to enhance resilience. Why demand – driven replenishment?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Modeling Supply Chain Planning Software 52

BlueYonder

JANUARY 22, 2024

While this blog provides an overview of our key findings, the complete results are summarized in our new e-book, “Distribution Executives Agree: It’s Time to Up the Ante on Order Management.” It’s nearly impossible to re-allocate inventory in the most strategic, profitable way on the fly using manual processes.

Distribution 89

Distribution Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies 89

Supply Chain Shaman

JANUARY 31, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Source E2open Shipping Index). We started the conversation with sourcing. In addition, Lucas used inventory as a slush fund to make quarterly earnings. So, we began the discussion.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

ThroughPut

NOVEMBER 16, 2021

Integration of multiple distribution channels Customer satisfaction Inventory and storage management End-to-end supply chain visibility. Amongst these challenges, inventory management impacts all others. Multiple distribution channels are also more effectively managed when on-time delivery of inventory is ensured.

Inventory Reduction 52

Inventory Reduction Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Shaman

FEBRUARY 7, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Source E2open Shipping Index). We started the conversation with sourcing. In addition, Lucas used inventory as a slush fund to make quarterly earnings. So, we began the discussion.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

ThroughPut

SEPTEMBER 27, 2021

Demand-driven Inventory Replenishment Planning. A Demand-Driven Inventory Plan enlists both strategy and execution for resilience and profitability in the midst of economic upheaval. They also are indicative of internal levels of inventory, orders, and demand across the supply chain. External Replenishment Triggers.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Optimal Sourcing Modeling 52

ThroughPut

APRIL 15, 2024

Supply chain forecasting predicts future demand for products and services, inventory needs, and production planning based on historical data, market analysis, and current trends. Demand planning, inventory management, production scheduling, and distribution planning are the components of supply chain forecasting.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

BlueYonder

SEPTEMBER 7, 2023

In every role inventory availability and protecting the company’s assets was always critical. is a contributing factor, inaccurate inventory management process and systems remain a big driver of the out-of-stock problem globally. in the first quarter – primarily from inventory shrink. While increasing retail theft in the U.S.

Retail 109

Retail Inventory Reduction Real-time Visibility Supply Chain Design Software 109

Supply Chain Shaman

JUNE 1, 2022

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. The problem is that most of it is the wrong inventory due to planning fallacies.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

EC Sourcing Group

JULY 20, 2023

The energy sector faces several unique procurement challenges, such as complex supply chains, volatile commodity prices, strict regulatory requirements, and the need for sustainable and socially responsible sourcing. Book a demo with us today to see firsthand how Simfoni’s best in class solution can supercharge your procurement function!

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Forecasting Software 52

Supply Chain Shaman

JUNE 9, 2023

Companies need a planning solution to analyze the trade-offs between make, source, and deliver. A Focus on Safety Stock Is Too Narrow for Effective Inventory Management. A manufacturing company’s safety stock is 30-40% of the total inventory requirement. I term this bi-directional orchestration. My response is a big YAWN.

Optimal Sourcing 286

Optimal Sourcing Supply Chain Planning Software Supply and Demand Supply Chain Design Software 286

Kinaxis

AUGUST 18, 2014

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Google wrote a great book, ZMOT, or Zero Moment of Truth. They want to assure the sourcing meets their “sustainable” expectations.

Modeling 263

Modeling Supply Chain Planning Software Supply Chain Strategy Inventory Reduction 263

EMERGE App

JULY 11, 2018

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. Introduction. Watch Your Geography.

Purchasing Skills 64

Purchasing Skills Manufacturing Procurement Negotiate Pricing Negotiating Skills 64

Requis

OCTOBER 30, 2020

He provides a wide array of educational content for supply chain practitioners, including the Supply Chain Secrets channel on YouTube and a number of books, including his latest, Supply Chain Secrets. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Supply Chain Shaman

SEPTEMBER 27, 2021

Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. Procurement processes–encumbered by a focus on paperless processing, RFPs/RFQs, and efficient procurement–do not embrace the capabilities and requirements of direct material sourcing. Current State of Visibility.

Supply Chain Planning Software 309

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 309

Unleashed

APRIL 2, 2024

We specialize in creating candles with scents inspired by books and literature – a niche we proudly pioneered.” This approach has not only helped in building a loyal customer base, but also in fostering a strong brand identity centred around the love for books and cosy reading moments.” Shopify powers our website and online store.

Cost Reduction Strategies 52

Cost Reduction Strategies Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Supply Chain Shaman

MARCH 28, 2016

In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. In our recent analysis of supply chains that are “working well” , we find higher performance when companies have source, make and deliver reporting to the supply chain organization. Inventory Turns.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Supply Chain Shaman

APRIL 30, 2020

The companies are just not good at managing inventories and orchestrating distribution strategies. They are seldom cross-functional to optimize source, make, and deliver together. Localize supply—design inventory strategies to include buffer strategies. Supply Chains to Admire Analysis for the Pharmaceutical Industry.

Supply Chain Design Software 349

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Software 349

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This proactive approach not only streamlines the sourcing process but also increases the likelihood of finding the right transportation service providers who can meet specific needs and expectations. Freight Procurement The actual Freight Procurement Stage is the heart of the transportation service sourcing process for shippers.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Freightos

NOVEMBER 11, 2021

For a company like Amazon, 2021 underscores the importance of owning middle-mile capabilities to ensure resilient inventories. Twill’s experimentation with getting rebates for agreeing to roll containers or the potential for small businesses to secure faster booking, are proofs of this potential.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

SCMDOJO

APRIL 15, 2024

Services by Amazon Here are some of the key services offered by Amazon: General public: Amazon.com – an e-commerce platform offering a diverse selection of products such as books, electronics, apparel, and groceries. From books and electronics to clothing and groceries, Amazon offers an unparalleled selection of items to its customers.

Logistics Network Optimization Software 82

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 82

Supply Chain Trend

JANUARY 22, 2023

Decision making According to authors of the book Decision Quality , a decision is only made when resources are irrevocably allocation to the execution of the decision. According to the book Decision Quality , there are six elements, as per below diagram. To sum this up, a decision needs options, some considerations, and a choice.

Quality 88

Quality Scenario Planning Supply Chain Planning Software Supply Chain Planning 88