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

GlobalTranz

SEPTEMBER 6, 2019

Timeliness, speed, and order accuracy are some of the most in-demand aspects of today’s omnichannel world, but significant challenges still exist with inventory visibility. The post Leading Challenges in Inventory Visibility and How to Solve Them appeared first on Transportation Management Company | Cerasis.

Inventory 139

Inventory How To Omnichannel Transportation Management 139

Logistics Viewpoints

JANUARY 11, 2024

If you can’t see what’s truly going on at any moment in time across your supply chain, you’ll make yourself vulnerable to lost opportunities, lost income, lost inventory, lost shipments, and eventually, lost customers. How can you make it all work together and build a better supply chain business, fast? The consequences can be serious.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Network Software Analytics Software Forecasting Software 228

ToolsGroup

FEBRUARY 23, 2021

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging. Anyone can come up with a plan.

Inventory Reduction 156

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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

Logistics Viewpoints

MAY 4, 2023

Today’s article comes from Erin Sun at Oracle and identifies five supply chain success factors CPG companies need to know for increased profitability. Following a path to progress A digital supply chain management platform allows CPG companies to unleash innovation and boost customer acquisition and retention. The reason?

Supply Chain Planning Software 218

Supply Chain Planning Software Supply Chain Software Analytics Software Forecasting Software 218

EMERGE App

DECEMBER 19, 2023

Inventory management is a tough task, especially when you’re starting out. There are lots of inventory management books available which can help you understand basics, but I am here with the list of best books in the market. Best Inventory Management Books of All Time: 1.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Unleashed

APRIL 29, 2024

Work in process (WIP) inventory is typically found in manufacturing environments where goods undergo various stages of processing before being sold or used. Tracking WIP inventory is important for monitoring production efficiency, identifying bottlenecks, and managing costs within the manufacturing process.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Inventory Expense Reduction 52

Kinaxis

AUGUST 18, 2017

by Alexa Cheater Don’t get caught having your company’s inventory management conversation alone! Making the most of one of your company’s largest assets means bringing together everyone involved from the manufacturing floor to the corner office, and focusing on more than just what’s in your warehouse.

Inventory Management 147

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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 76

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Logistics Bureau

OCTOBER 17, 2023

Did you know that you can reduce logistics costs through effective inventory management? Some of it sounds very basic and yet, so many businesses really do miss these Inventory Management techniques. Watch the video below to learn how to reduce your inventory costs!

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Logistics Bureau

MAY 24, 2021

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”. Turnover Days and How to Calculate Them.

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GlobalTranz

JUNE 11, 2020

This is important for reducing order fulfillment errors, improving your inventory management and remaining competitive. Supply chain leaders must learn to recognize the warning signs of risky fulfillment strategies, the indicators of success, and how to.read More.

Inventory Reduction 244

Inventory Reduction Supply Chain Strategy Distribution Strategy 244

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Many companies discovered that their legacy systems could not keep up with or could not be modified to accommodate change. Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits. Managing Inventory.

Forecasting 105

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Logility

AUGUST 31, 2022

It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.

Supply Chain Planning Software 130

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Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. This article explains what it is, how to measure and improve it, and how to improve your OTIF rate. This results in increased holding costs and a greater risk of inventory obsolescence.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Logility

AUGUST 15, 2023

Smarter, Not Harder: How to Climb Every Peak in Supply Chain Planning Supply chain planning is like a grand mountaineering expedition. But instead of reaching just one peak, supply chain planners must climb four – service, inventory, cost, and sustainability. Take, for example, PVH.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 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

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. Rules of thumb and techniques that were used only ten years ago cannot match the number-crunching applications that leading-edge companies are employing. Inventory optimization.

Forecasting 105

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QAD

FEBRUARY 20, 2024

From my recent conversations with companies one topic is becoming increasingly prevalent — stock loss. This problem impacts the business operations of a range of industries and company types. From the automotive industry with both OEMs and Tier 1 suppliers, through to packaging companies supplying the CPG industry.

Manufacturing Procurement 95

Manufacturing Procurement How To Material Savings Supply Chain Design Software 95

Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Management Software 74

Inventory Management Software Inventory Reduction Inventory Management Inventory 74

Ware2Go

OCTOBER 22, 2021

Learn how to mitigate and avoid dead stock through strategic warehousing and inventory management to lower fixed costs, combat supply chain disruptions, and overcome current peak season challenges. Excess inventory is often caused by supply exceeding demand, resulting in slow-moving inventory that can incur expensive holding costs.

Inventory Reduction 98

Inventory Reduction Negotiating Skills Cost Reduction Strategies Inventory Management Software 98

Supply Chain Game Changer

DECEMBER 3, 2020

Are you looking to work with a trucking company to transport your products? Here are some handy tips that your business can use when working with trucking companies. If so, you’ll want to communicate to the trucking company how important it is to follow an optimal route and delivery schedule.

Logistics Network Optimization Software 53

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Resilinc

APRIL 30, 2024

Discover why experts predict robust storms and how to safeguard your supply chain. Significant flooding and damage can force logistics companies to find new and longer routes. #3 The post Hurricane season 2024: how to prepare your supply chain appeared first on Resilinc.

Supply Chain Software 69

Supply Chain Software Supply Chain How To Forecasting 69

Elementum

OCTOBER 3, 2022

This article explains how to sufficiently optimize your supply chain. We think those who take this moment in the spotlight to craft a truly strategic response, have the opportunity to emerge as leaders, not only for their supply chain operations, but for their companies as a whole.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Strategy 78

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. Rules of thumb and techniques that were used only ten years ago cannot match the number-crunching applications that leading-edge companies are employing. Inventory optimization.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 98

USC Consulting Group

APRIL 1, 2020

Sales, Inventory & Operations Planning (SIOP) is a dynamic process in which the company’s operating plan is updated on a regular monthly or more frequent basis. Another contribution of Sales, Inventory & Operations Planning is that it enables the company to fine-tune its long-range strategic plan and annual business plan.

Inventory Reduction 75

Inventory Reduction Resource Reduction Supply Chain Planning Software Material Savings 75

EazyStock

MARCH 3, 2022

This takes a more cautious approach, where companies carry more stock and add redundancy into their supply chain, so they can respond to unexpected surges in demand or mitigate supply disruption. How to implement JIC inventory management with optimum stock levels. Using safety stock. Stock classification.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Forecasting 52

EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. A critical area of focus should be your eCommerce inventory management processes. Want to know how? Here’s how eCommerce businesses can improve their inventory management. Improving your eCommerce Inventory Management. Forecasting eCommerce inventory demand.

Inventory Management Software 52

Inventory Management Software Modeling Optimization Software Inventory Management 52

Taulia

SEPTEMBER 8, 2023

Blog Expert Advice 8 min read 8 Sep 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard How to calculate working capital Working capital is essential for the day-to-day operations of a company. Calculating working capital is straightforward.

How To 52

How To Inventory Reduction Expense Reduction Material Savings 52

Unleashed

NOVEMBER 24, 2020

Calculating how much ending inventory you have on hand at the end of a financial year can often be a stressful challenge. You’re likely juggling between creating inventory reports and fulfilling end of year sales. We’ll shed some light on: What is ending inventory. Beginning inventory. worth of jam.

Inventory 64

Inventory Purchasing Skills Manufacturing Procurement Procurement Analytics 64

Unleashed

JANUARY 31, 2023

In-transit inventory is a frequently overlooked aspect of inventory management and accounting for product businesses. Let’s break down what it is, how to calculate its value, plus a few tricks for smarter management of in-transit goods. What is in-transit inventory? Who owns in-transit inventory?

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Supply Chain Planning Software 98

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.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

SCMDOJO

DECEMBER 14, 2023

Production Lead Time: Beyond reducing carrying costs and inventory levels, an optimized production lead time empowers businesses to respond quickly to changes in market demand. Read more on “Optimizing Inventory and Lead Time Management” at our Website SCM DOJO! Cost Savings: Reduction in inventory holding costs.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

EMERGE App

DECEMBER 19, 2023

Inventory management is a tough task, especially when you’re starting out. There are lots of inventory management books available which can help you understand basics, but I am here with the list of best books in the market. Best Inventory Management Books of All Time: 1.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

SCMDOJO

AUGUST 19, 2022

Increases in company population. Lacking these can strongly affect companies, and the following are the disadvantages of supply chain complexities for manufacturers: Reduced profit and bottom line. How to Manage Supply Chain Complexities. The supply chain processes in all companies need to be standardized. Automation.

Supply Chain Software 114

Supply Chain Software Optimal Sourcing Supply Chain Optimization Manufacturing Procurement 114