SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 79

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 79

Logility

AUGUST 31, 2021

From soft drinks, coffee, and tea to wine and spirits, many companies are having notable success and building their brand using various digital platforms, including integrated sales sites and mobile app-based services. . By taking this step, companies gain a clearer picture of demand to understand future market needs.

Modeling 130

Modeling Beverage Inventory Reduction Supply Chain Optimization 130

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. McKinsey calculated that companies should expect supply chain disruptions lasting at least a month to occur every three years.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119

GlobalTranz

SEPTEMBER 14, 2018

Warehouse Managers Avoiding Omnichannel Supply Chain Strategies Will Lose Competitive Ground Competitive advantage is based on the ability of companies to offer products or services at reasonable, competitive prices. Although pricing plays a big part, it also depends on the ability to offer unique services.

Price Reduction 120

Price Reduction Cost Reduction Strategies Inventory Reduction Omnichannel 120

ThroughPut

APRIL 5, 2024

Inventory is the backbone of the modern firm, and potentially its most important asset. Thus, effective inventory management is one of the crucial goals of modern-day businesses – and a critical element of supply chain management. What is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

Claritum

MARCH 22, 2021

Automation also leads to improved employee satisfaction by reducing frustration and increasing productivity. Information exchange is made easier and organisational-wide communication is improved, with company-wide silos are often broken down, further bolstering morale and productivity outcomes. Read the article at claritum.com.

Continuous Improvement 41

Continuous Improvement Optimal Sourcing Supply Chain Design Software Resource Reduction 41

DELMIA Quintiq

JANUARY 19, 2022

Sales & Operations Planning (S&OP) is by no means a new process, but it is one that many companies struggle to get right. Many manufacturing companies still operate in silos. This costs companies the agility needed to thrive in a volatile marketplace. Why Steel Companies Should Invest in S&OP.

Supply Chain Planning Software 156

Supply Chain Planning Software Agile and Lean Supply Chain Scenario Planning S&OP 156

Unleashed

FEBRUARY 26, 2024

Warehouse inventory management is a sometimes complicated, always-vital process for managing a company’s physical goods. It touches on many key aspects of operations – including finance, sales, and logistics – and directly impacts the efficiency with which a company conducts business. What is warehouse inventory management?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Synovos

FEBRUARY 12, 2024

Demystifying MRO Inventory Optimization The goal of MRO inventory optimization is to utilize the products and materials held on or across sites as effectively as possible. Ensuring that you have what you need available when required helps eliminate excess stock and reduce inventory carrying costs. How do you achieve this?

Inventory Reduction 52

Inventory Reduction Price Mitigation Strategies Material Savings Optimization Software 52

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders must be ready to implement big data and leverage it to improve their companies without any delay or inhibition This may sound impossible and frightening, but they must only understand how big always goes back to these two, simple principles of measurement, review, and action. Inventory location and management.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

GlobalTranz

SEPTEMBER 1, 2017

Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. Controlling Inventory Flow Begins With Liquidate Nonessential Products. Implement Continuous Review Systems for Reordering. Implement Vendor Compliance Programs.

Inventory Reduction 224

Inventory Reduction Warehousing Inventory Vendor Strategies 224

GlobalTranz

NOVEMBER 12, 2015

Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement.

Continuous Improvement 120

Continuous Improvement Data Logistics Network Optimization Software Vendor Strategies 120

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

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

ThroughPut

FEBRUARY 15, 2023

Any company invested in the global economy depends on its supply chain to be the foundation of the business. Everything is built on top of it, including the company’s environmental footprint. If this can be achieved by optimizing supply chain processes and operations, the organization is on a favorable growth path.

Sourcing Strategies 94

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Inventory Reduction 94

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently?

Optimal Sourcing 136

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling 136

GlobalTranz

JANUARY 8, 2015

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

Inventory Reduction 120

Inventory Reduction Agile and Lean Supply Chain Lean Waste Reduction 120

DELMIA Quintiq

JULY 27, 2023

This data makes it possible for companies to optimize production activities from product creation to final production. DELMIA MES drives efficiency by using real-time data to trigger execution decisions and empower manufacturers to reduce waste, inventory, and cycle times while improving efficiency, quality, and customer satisfaction.

Real-time Visibility 296

Real-time Visibility Optimization Software Supply Chain Network Software Logistics Network Optimization Software 296

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently?

Optimal Sourcing 120

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling 120

Logistics Viewpoints

APRIL 25, 2024

Because of a widespread driver shortage, companies are deploying more drop trailers — meaning the driver will arrive, park their trailer, and then leave with their tractor for another job. Companies must begin mandating standard processes across all the facilities, from driver check-ins and the gate to the docks. They aren’t.

Expense Reduction 217

Expense Reduction Cost Reduction Strategies Supply Chain Design Software Inventory Reduction 217

GlobalTranz

OCTOBER 25, 2017

Inventory tracking is among the top areas most impacted by omnichannel supply chain strategies, and consumer spending habits are forcing inventory tracking technology to evolve, making sure consumers can get the products they want, through the media and channels they want, and at the prices they want.

Inventory Reduction 125

Inventory Reduction Supply Chain Planning Software Analytics Software Inventory Management Software 125

RFgen

MAY 26, 2023

In the world of inventory management, stockouts and overstocking can be detrimental to business success. To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. Overstocking occurs when a business has too much inventory on hand.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52

RFgen

JULY 14, 2023

If you are one of the many organizations that use an ERP platform for inventory control, then you already know how powerful this technology can be. This article will walk you through the key stages of implementing a new mobile inventory management system (IMS). How much is the problem costing the company? Let’s dive in!

Inventory Management Software 75

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Inventory Management 75

Logistics Viewpoints

FEBRUARY 5, 2024

Walmart is not the only big retailer with OTIF requirements, but as the world’s largest retailer, and a company with stringent requirements , Walmart’s OTIF requirements are top of mind for consumer goods companies. If a company short ships TVs, they are fined more than if they short ship soup, for example.

Shipping 243

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 243

Supply Chain Shaman

OCTOBER 22, 2015

The impact of complexity on inventory is not quick. It is a slow, continued impact that happens week-to-week as complexity increases. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. The Business Problem. The analogy is weight loss.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Inventory Supply Chain Planning Software 150

EC Sourcing Group

JULY 20, 2023

Simfoni’s procurement technology provides real-time visibility into the entire supply chain, enabling companies to track and monitor suppliers, inventory levels, and deliveries. By optimizing costs, companies can improve their profitability and maintain a competitive edge.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Forecasting Software 52

Logistics Viewpoints

JUNE 22, 2023

Ultimately it allows the measurement of a business’ ability to deliver on their promise while capturing the highest gross margin on their inventory investment. Suppliers, inventory visibility, and other variables beyond direct control can influence OTIF. Make sure that your system (OMS) can model their SLAs and is executable therein.

Supply Chain Software 189

Supply Chain Software Real-time Visibility Modeling Software Optimization Software 189

ToolsGroup

NOVEMBER 7, 2023

This is just the latest of the company’s significant strides towards making supply chains a force for good by helping organizations lower inventory, ensure product availability, and improve customer satisfaction across channels. “As Stay in touch with ToolsGroup on LinkedIn , Twitter , YouTube , or visit www.toolsgroup.com.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Game Changer

FEBRUARY 6, 2020

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

Agile and Lean Supply Chain 66

Agile and Lean Supply Chain Inventory Reduction Lean Waste Reduction 66

TrackVia

MAY 25, 2023

Many companies are realizing the critical role that effective inventory management plays in streamlining warehouse operations and maintaining an edge over competitors. Check out how UC San Diego improved their inventory and asset management processes.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Design Software 52

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 247

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 247

GlobalTranz

MAY 25, 2018

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity.

Inventory Management Software 125

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 125

Logility

JANUARY 18, 2024

But it is setting the foundation for a new paradigm that could cut 70% of weekly planning time, 15%–30% fewer forecast errors, and impressively improved inventory outcomes. It unlocks a realm of possibilities – from continuous improvement through automated data analysis to fine-tuned demand planning and resilient simulations.

Modeling 191

Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Software 191

Logility

NOVEMBER 30, 2023

In one of our recent webinars, a poll showe d 76% of the 100 attendees were in the educational stage of adopting Generative AI in their companies. Considering where most companies are in their Supply Chain AI journey, the mix of excitement and apprehension is no surprise.

Supply Chain Planning Software 177

Supply Chain Planning Software Modeling Supply Chain Software Scenario Planning 177