Supply Chain Shaman

MARCH 21, 2024

We explore the concept of holistic inventory strategies focused on the form and function of inventory. In the process, we learn that only 15-20% of inventories are safety stock and that the current APS frameworks do not enable a holistic analysis of the form and function of inventory. I think that the answer is no.

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

SYSPRO Smarter ERP

JUNE 6, 2022

In today’s business world, the success of a firm depends not only on its sales but also on the ability to manage its supply network and ensure it has the inventory it needs to deliver customer orders. Since 2000, businesses have implemented programs such as just-in-time (JIT) inventory and lean operations to improve profitability.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119

Logistics Viewpoints

MARCH 24, 2022

Retailers also took steps to contain costs and preserve margins as they reoriented toward e-commerce like never before, including putting solutions in place to more effectively navigate carrier capacity caps and improve the visibility, accessibility, and mobility of inventory. Procurement teams play an incredibly important role.

Supply Chain Planning Software 219

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Forecasting Software 219

DELMIA Quintiq

NOVEMBER 17, 2020

From raw material procurement to final product sales, these supply chains’ ability to minimize inventory through product life cycle controls and facilitate prompt product supply is every bit as important as product differentiation strategies. The establishment of efficient global supply chains has become critical to competitiveness.

Optimal Sourcing 296

Optimal Sourcing Manufacturing Procurement Supply Chain Optimization Supply Chain Planning Software 296

ShipBob

OCTOBER 4, 2023

How you manage your inventory is a key factor that determines the efficiency, accuracy, and overall performance of your ecommerce operations. It involves closely tracking your inventory levels to replenish your stock at the right time and maintain inventory accuracy. What is inventory reduction? Let’s get started.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Freightos

JANUARY 15, 2024

Despite these efforts, to date the attacks continue, pushing most major carriers representing over 60% of global container capacity, to alter their routes. In other words, while demand was dropping, supply of capacity was increasing. In other words, this is a far cry from 2021 and its dramatic capacity shortage.

Negotiating Skills 292

Negotiating Skills Optimal Sourcing Price Reduction Vendor Strategies 292

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

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Optimal Sourcing 59

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

ThroughPut

SEPTEMBER 1, 2022

The new capabilities enable businesses to solve the unending challenge of balancing their inventory-to-sales ratio with accurate demand planning and buyer behavior analytics. This enables businesses to meet demand profitably, without risking either understocking or overstocking. This is where AI comes in so handy.

Price Reduction 98

Price Reduction Supply and Demand Resource Reduction Inventory Reduction 98

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Logistics Viewpoints

DECEMBER 12, 2022

In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company. We do some capacity planning for manufacturing, manufacturing engineering, test engineering, and truck capacity.”.

Supply Chain Planning Software 200

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 200

ModusLink Corporation

APRIL 22, 2024

End-to-end management of component procurement, inventory management, and JIT delivery. Dynamic inventory optimization to minimize lead times and reduce costs. Scalable production capacity to accommodate fluctuations in demand. Skilled workforce trained in the latest assembly techniques and quality standards.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

The Logistics & Supply Chain Management Society

JULY 16, 2023

Risk Management in Global Ocean Context Feature Article by LSCMS Shippers Council Rates have gone down massively in most trade lanes; congestion has eased, and capacity seems sufficient in most sectors. It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal.

Risk Management 130

Risk Management Global Price Reduction Inventory Reduction 130

ThroughPut

JUNE 22, 2021

Gain Control Over Your Production With Effective Capacity Planning. Perhaps, a process that matches your production capacity with sales demand can be the solution in this case. Capacity planning is the answer you’re looking for. Now to answer the basic question, what is capacity planning? Of course, it will!

Supply Chain Planning Software 52

Supply Chain Planning Software Capacity Scenario Planning Resource Reduction 52

ThroughPut

JUNE 22, 2021

Gain Control Over Your Production With Effective Capacity Planning. Perhaps, a process that matches your production capacity with sales demand can be the solution in this case. Capacity planning is the answer you’re looking for. Now to answer the basic question, what is capacity planning? Of course, it will!

Supply Chain Planning Software 52

Supply Chain Planning Software Capacity Scenario Planning Resource Reduction 52

Logistics Viewpoints

NOVEMBER 28, 2022

That variability might be in the areas of manufacturing, distribution, or transportation capacity. Or it might be the ability to secure the necessary quantity of inventory that is needed or respond to unexpected surges in demand. Planes don’t fly because no passengers are flying, so no belly capacity is available.”.

Supply Chain Planning Software 192

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 192

GlobalTranz

SEPTEMBER 23, 2021

Capacity Constraints Continue to Arise. Capacity constraints continue to come under microscope as shippers look for a better understanding to the state of the market. Top causes of capacity constraints include: . Capacity constraints within truckload and parcel have led to spillover within the LTL market.?

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Unleashed

MAY 30, 2023

Anticipation inventory is the solution to this problem. Read on to learn what it is, how it works, and the pros and cons of this inventory strategy. What is anticipation inventory? Anticipation inventory can be described as the inventory which is purchased in anticipation of expected increases in demand.

Inventory Reduction 52

Inventory Reduction Inventory Negotiating Skills Purchasing Skills 52

SYSPRO Smarter ERP

JANUARY 22, 2024

Material Requirements Planning for a modern manufacturing environment Material Requirements Planning (MRP) is software that helps companies estimate the required quantities of raw materials, maintain inventory levels, and ensure manufacturing has all the items needed to make products to satisfy demand. Manufacturers that adopt Industry 4.0

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Solutions Manufacturing 52

Cathy Roberson

MAY 19, 2021

Busy times for all of us and in particular supply chain managers who are dealing with capacity constraints, delays, the rise of e-commerce, forecasting in this crazy environment, identifying and analyzing data, and putting the data to use in strategies. TMS has come a long way since its early days. .

Modeling 64

Modeling Capacity Supply Chain Planning Software Transportation 64

Supply Chain Matters

OCTOBER 12, 2022

Indicated in the report summary was: “ The sustained growth in the logistics industry continues to be fueled by high levels of inventory and the associated levels of cost and utilization associated with holding them. According to the September report , growth is increasing for inventory levels, inventory and warehousing costs.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

SYSPRO Smarter ERP

OCTOBER 9, 2023

Getting costs under control is important for a good return on capital investment and to ensure factory equipment is operating at optimum capacity and profitability. For labor and machinery, it is important that the shop floor is running efficiently and close to capacity and that resources are being used effectively.

Manufacturing Procurement 111

Manufacturing Procurement Cost Reduction Strategies Purchasing Skills Quality 111

Freightos

SEPTEMBER 14, 2022

While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. After an off-the-charts 2021, our research lead is joined by Accenture’s North American supply chain principal to explore 2022’s freight rates and capacity, and peak season preparation by BCOs, forwarders, and carriers.

Logistics 156

Logistics Cargo Comparison Freight 156

Logistics Viewpoints

FEBRUARY 20, 2023

But now we are seeing an entirely new type of services firm in the supply chain world – a service provider that does the planning and takes ownership of the inventory. This model comes from a partnership between GEP and Eliant Inventory Solutions. GEP offers procurement and visibility/fulfillment orchestration applications.

Supply Chain Planning Software 211

Supply Chain Planning Software Logistics Network Optimization Software GEP Supply Chain Software 211

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

The Logistics of Logistics

NOVEMBER 8, 2021

Matt and his partner, Derek Loftus started popcapacity in 2021 with the goal of delivering frictionless 3PL warehousing and fulfillment capacity by leveraging marketplace style technology and AI. Many companies, especially manufacturers, utilize a just-in-time (JIT) approach to inventory management. About p opcapacity. popcapacity.

Warehousing 229

Warehousing Supply Chain Design Software Logistics Network Optimization Software Inventory Management Software 229

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Of course, the human controlling capacity for actual AI is still far from realistic, but the concept of a superior AI did make strides this year. Artificial Intelligence.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Supply Chain Matters

SEPTEMBER 23, 2022

The announced rate hike was justified by executives by a need to boost revenues amid an estimated 11 percent decline in daily package volumes and acknowledgement that the company now has more capacity than current transport demand. The dynamics of the market are such that something has to give. Bob Ferrari. All rights reserved.

Cost Reduction Strategies 52

Cost Reduction Strategies Negotiating Skills Capacity Expense Reduction 52

Supply Chain Shaman

JUNE 29, 2022

The availability of capacity in industries like the semiconductor industry is tight. The proliferation of products and capabilities is exponential with over 60% of capacity in Taiwan. But, even then, the relocation of capacity is not a snap of the fingers. Focus on right-sizing inventories. These are our weakest links.

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

GlobalTranz

OCTOBER 6, 2021

With demand for drivers often exceeding availability, shippers find themselves forced to pay more to secure capacity and drivers across many industries. Leveraging a 3PL’s relationships, people, processes and technology helps businesses balance supply and demand volatility and secure reliable and consistent capacity.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Logistics Viewpoints

JULY 13, 2022

Weather delays can affect shipping lanes, manufacturers face product shortages, demand continues to spike for certain products, containers are difficult to acquire, and the trucking industry faces a driver and capacity shortage, just to name a few. These include: The Procurement bidding process and business awards. Supplier legitimacy.

Supply Chain Software 212

Supply Chain Software Supply Chain Supply and Demand Supply Chain Network Software 212

Proxima

MARCH 9, 2022

CFOs know they cannot afford disruption in their supply chains, but the reassurance that the ‘just in case’ model provides comes at a cost by investing in additional stock, or capacity. The post How procurement can solve the looming headache for CFOs appeared first on Proxima. Firstly, every CFO should get to know their supply chain.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Waste Reduction Cost Reduction Strategies 52

Logistics Viewpoints

JULY 22, 2021

nodes), flows of the products between origin-destination pairs, and policies (inventory, replenishment, asset utilization etc) with no clear accountability on how the recommendations make their way into planning and execution. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244