New Horizon Supply Chain Blog

DECEMBER 8, 2022

Introduction: Why Inventory Balancing? Inventory balancing (also called inventory rebalancing), the periodic transfer of inventory from supply chain locations with too much inventory to locations with too little, is an underutilized supply chain tactic. In such cases, inventory balancing is often the best option.

Boston 52

Boston Inventory Reduction Research Supply Chain Planning Software 52

GlobalTranz

JUNE 23, 2015

And, according to a Boston Consulting Group (BCG) study, 54% of companies with above one billion in revenues are now considering reshoring. Obsolete and excess inventory carriage are more preventable. Caterpillar also returned about 1,900 jobs to Texas and Georgia to build construction equipment. a move known as reshoring.

Cost Reduction Strategies 120

Cost Reduction Strategies Expense Reduction Inventory Reduction Material Savings 120

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Procurement planning functionality (essentially the planning of future purchase orders) is typically a subset of broader supply planning applications that plan manufacturing work orders, inventory levels, shipments, as well as purchase orders, to meet demand.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

Unleashed

JANUARY 19, 2023

It was published by the Boston Consulting Group in 1970, and at one point was used by about 50% of all Fortune 500 companies. Invest in a robust inventory management system with reporting features to ensure the product data in your portfolio is 100% accurate and updated in real-time. Here are some ways you can do that.

Examples 94

Examples Resource Reduction Inventory Reduction Cost Reduction Strategies 94