OptiProERP

DECEMBER 9, 2022

The electronics industry changes at a fast pace with constant innovations. Electronics are used in consumers’ everyday lives, both at work and at home. Electronics manufacturers have many revenue opportunities, but also many challenges to overcome to be competitive. Electronics manufacturers must adapt to many emerging trends.

Manufacturing Procurement 52

Manufacturing Procurement Electronics Optimal Sourcing Supply Chain Planning Software 52

RFgen

APRIL 30, 2024

The answer lies in modern inventory management best practices. Specifically, the use of perpetual inventory systems. What is a perpetual inventory system? Perpetual inventory management relies on technology to track inventory with timely data and a high degree of accuracy. Wonder no more.

Inventory Management Software 79

Inventory Management Software Inventory Reduction Supply Chain Planning Software Optimization Software 79

SYSPRO Smarter ERP

NOVEMBER 10, 2021

The electronics industry has experienced dramatic changes on the customer and supplier side in the last 18 months – from sudden purchasing changes by customers to shortages of parts and components from suppliers. The product lifecycle of electronic products has been getting shorter as consumer preferences change. Inventory management.

Manufacturing Procurement 111

Manufacturing Procurement Electronics Supply Chain Design Software Manufacturing 111

Supply Chain Matters

FEBRUARY 1, 2023

In the company’s reporting of Q4 and full year 2022 financial performance, Samsung Electronics indicated that the demand for semiconductor, flash memory and smartphones will be muted in the first half of this year, and could recover by the second half. For the quarter that ended on December 31, 2022, the company reported KRW 70.5

Electronics 59

Electronics Modeling Demand Planning Software Modeling Software 59

RFgen

MAY 5, 2020

Many companies in the industry rely on unsustainable, manual data collection processes, creating a gap in inventory visibility. With mobile barcoding, companies can overcome challenges in distribution, manufacturing and compliancy. The Problem: Lack of Inventory Visibility. Electrical components permeate our modern lives.

Real-time Visibility 54

Real-time Visibility Electronics Inventory Reduction Inventory 54

RFgen

MAY 5, 2020

Many companies in the industry rely on unsustainable, manual data collection processes, creating a gap in inventory visibility. With mobile barcoding, companies can overcome challenges in distribution, manufacturing and compliancy. The Problem: Lack of Inventory Visibility. Electrical components permeate our modern lives.

Real-time Visibility 52

Real-time Visibility Electronics Inventory Reduction Inventory 52

ToolsGroup

SEPTEMBER 29, 2022

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. Key findings include: Across sectors such as specialty apparel, mass merchants, department stores, home décor, electronics, and home improvement, the percentage of consumers decreasing trust in retailers to be in stock ranges from 28-36%.

ToolsGroup 156

ToolsGroup Optimal Sourcing Study Groups 156

RFgen

APRIL 12, 2024

Managing inventory costs is a constant struggle. Managing inventory costs is important because high inventory costs can erode the bottom line. On the other hand, optimized inventory levels can enhance it. On the other hand, optimized inventory levels can enhance it. Next is the cost of storing the inventory.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 75

Logility

AUGUST 4, 2022

Burt Flickinger, managing director for Strategic Resource Group, told CBS News he’d seen the biggest discounts across “consumer electronics, sporting goods, apparel, clothes, and accessories.”. Then, as port problems eased, a glut of inventory – a phenomenon known as the “ bullwhip effect.” Big Box Blues.

Price Reduction 130

Price Reduction Inventory Reduction Analysis Resource Reduction 130

ToolsGroup

OCTOBER 3, 2023

Grupo Mercury has over 10 years of experience in the market, importing products associated with lighting, electronics, and Smart Home devices. The company operates out of six distribution centers, managing a portfolio of roughly 3,500 products.

ToolsGroup 156

ToolsGroup Inventory Reduction Resource Reduction Supply Chain Planning Software 156

GlobalTranz

DECEMBER 11, 2014

Today begins our series about electronic data interchange or EDI in transportation. What is Electronic Data Interchange? First we must understand and get on the same page of what is Electronic Data Interchange, or EDI, as it is not only used in the transportation industry. How does Electronic Data Interchange (EDI) Work?

Electronics 262

Electronics Transportation Data Resource Reduction 262

The Logistics of Logistics

JANUARY 13, 2023

Trey is the Co-founder and CEO at Amplio , an Atlanta based tech firm that predicts and prevents material and parts shortage for companies in the electronic manufacturing space. Trey Closson is the Co-founder and CEO at Amplio, an Atlanta based tech firm builds supply chain resilience for electronics manufacturers.

Manufacturing Procurement 182

Manufacturing Procurement Optimal Sourcing Purchasing Skills Procurement Solutions 182

QAD

FEBRUARY 13, 2023

Given the long list of FTZ benefits, including saving on Merchandise Processing Fees (MPF), reducing or eliminating duties, taxes, and tariffs, and allowing for tax-free storage of inventory while in the zone, it’s natural to wonder why more companies aren’t taking advantage of FTZs. In other words, what’s the catch?

Inventory Reduction 96

Inventory Reduction Inventory Report Waste Reduction 96

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand.

Inventory Reduction 91

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 91

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. What is inventory carrying cost? Why is inventory carrying cost important?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

Inventory Management Software 122

Inventory Management Software Inventory Management Inventory Reduction Sourcing Strategies 122

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

o9 Solutions

MARCH 20, 2023

Janssen’s efforts have been focusing on digitizing and automating processes, optimizing inventory management, and increasing transparency and traceability across the supply chain. The post aim10x Executive Council has added a new influential leader in the consumer electronics industry. appeared first on o9 Solutions.

Electronics 52

Electronics Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 52

Unleashed

JULY 12, 2023

Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

Inventory Reduction 52

Inventory Reduction Examples Inventory Material Savings 52

Talking Logistics

AUGUST 23, 2018

The tariff situation has companies in a quandary as they debate whether to “load up” on inventory now — to ward off the impacts of potentially-higher tariffs on imported goods — or hold off for now and hope that the political environment calms and things get to back to “normal.” Sharpening Their Pencils.

Supply Chain Planning Software 101

Supply Chain Planning Software Inventory Demand Planning Software Supply Chain Software 101

Unleashed

SEPTEMBER 30, 2021

Vendor managed inventory (VMI) – when executed well – can be an efficient and cost-effective system for managing the supply of goods. Learn more: What is Inventory Management? Techniques for 2021 What is vendor managed inventory? How does vendor managed inventory work?

Vendor Strategies 98

Vendor Strategies Inventory Reduction Inventory Inventory Management Software 98

PINC

APRIL 29, 2020

In these uncertain times, companies are turning to technology to help them comply with social distancing rules and to keep their workers and drivers safe in any conditions. sees technology as a key enabler for companies that are implementing new driver and safety measures. “As Major Beverage Manufacturing company.

Demand Planning Software 147

Demand Planning Software Logistics Network Optimization Software Inventory Reduction Supply Chain Software 147

ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Enterra Insights

OCTOBER 13, 2023

The benefits of this model include cost reductions in storage and inventory. But, Paul Noble , founder and CEO of Verusen, explains, “It’s really what everyone did,” adding, “supply chain managers understood that that they were tying up their company’s working capital and warehousing space to keep excess inventory.

Modeling 130

Modeling Modeling Software Supply Chain Design Software Optimization Modeling 130

QAD

JUNE 25, 2019

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Managing an Inventory Investment.

Procurement Analytics 103

Procurement Analytics Metrics Inventory Reduction Inventory 103

ToolsGroup

MARCH 22, 2016

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability. He reiterates why his firm sees inventory optimization (IO) solutions as so important.

Optimal Sourcing 120

Optimal Sourcing Modeling Optimization Software Inventory Reduction 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

Logility

JULY 5, 2023

Take for example, a leading consumer electronics company utilizing generative AI to predict demand for its products during the holiday season. This leads to optimized inventory levels, reduced stockouts, and enhanced customer satisfaction. This not only improves customer satisfaction but also results in substantial cost savings.

Supply Chain Planning Software 196

Supply Chain Planning Software Supply Chain Planning Modeling Scenario Planning 196

EMERGE App

DECEMBER 6, 2023

Within the global supply chain, vendor-managed inventory (VMI) is becoming an essential service. That is why most retailers will opt for managed inventory to guarantee an increase in delivery rates. Both the supplier and retailer will share their demand and inventory information so that the vendor adjusts the delivery parameters.

Vendor Strategies 52

Vendor Strategies Inventory Management Software Inventory Reduction Forecasting Software 52

Logistics Viewpoints

JANUARY 22, 2024

But electronics; industrial and manufactured; and apparel, footwear, and textiles make up the bulk of products detained. In the case of Vietnam, it was more likely that Vietnamese companies were making apparel with cotton grown or processed into fabric in Xinjiang. Historically, an OOM has access to all the company’s inventory.

Supply Chain Optimization 233

Supply Chain Optimization Modeling Supply Chain Software Optimization Software 233

ToolsGroup

SEPTEMBER 1, 2015

The knack in today’s innovation economy is to understand how the value of a particular SKU deteriorates or its costs increase so that profit erosion can be factored into inventory optimization calculations. According to Nucleus Research, in its July 2015 Research Note , companies can optimize inventory using the right algorithms.

Inventory Reduction 120

Inventory Reduction Inventory Modeling Optimization Modeling 120

Supply Chain Shaman

OCTOBER 11, 2023

Companies have data lakes, but do not use their own data. I don’t understand why companies want to move data in and out of data jails that we call relational databases but are so unaware of the techniques to use data from data lakes through schema on read technology approaches. technologies. Measurement.

Supply Chain Planning Software 404

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 404

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

Supply Chain Matters

JUNE 17, 2022

Inventory Management Assessment- Samsung Electronics. We noted in our editorial likely needs for comprehensive inventory management assessments especially given the risk of higher working capital costs are a result of higher interest rates. Samsung ’s inventory balances reportedly reached the equivalent of $36.9

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

BlueYonder

JANUARY 24, 2023

Significant Upheaval Terence: From collaboration to planning to control towers and logistics, automotive companies and suppliers are digitalizing processes and systems at a historic pace to improve competitiveness, profitability, and customer-centricity. Terence: Are automotive companies doing something about these disruptions?

Automotive 68

Automotive Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 68

ShipBob

NOVEMBER 24, 2023

The root of many inventory management challenges lies in treating all stock equally—when in reality, each item should be assessed and segmented individually. This is where inventory segmentation can help. It’s a strategy that categorizes inventory based on factors like demand patterns, lead time, value, and more.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Sourcing Strategies Inventory Management Software 52

Logility

AUGUST 18, 2022

Headquartered in Brazil, WEG is a world-leading supplier of electro-electronic equipment and solutions. Founded in 1961, the rapidly growing company now manufactures 19 million electrical motors annually. We are honored to be WEG’s partner and welcome the company into our community of innovative supply chain professionals.”.

Logility 130

Logility Supply Chain Planning Software Demand Planning Software Supply Chain Network Software 130