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If you’re managing inventory with spreadsheets , you’re not alone—but you might be falling behind. In this dynamic environment, inventory management powered by spreadsheets is no longer a viable strategy. Why Spreadsheets Are Failing Inventory Management Excel feels familiar. But familiarity doesn’t equal effectiveness.
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. In this sector, the ability to provide timely and reliable spare parts can make or break a company’s reputation.
Equally perplexing is inventory optimization. Many assume that increasing inventory is necessary to improve service levels. But businesses that get inventory optimization right can boost service levels by 3-5% while reducing overall inventory by 15-30%. Doesnt reducing inventory hurt service levels? Wait, what?
Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation.
Even global manufacturers –– companies across industrial, automotive, chemical, and energy industries –– are scrambling to mitigate the impacts of labor, material and energy shortages, delays, inflation, and unexpected events. It’s not just small and medium-size businesses that are caught off guard.
Are you making the fatal mistake of underestimating the importance of inventory rebalancing? Many retailers treat inventory management as a mundane task rather than a strategic lever for success. It’s about strategically adjusting your inventory levels across locations and products in response to real-time customer demand.
If so, optimizing your inventory management strategy can be a game-changer. This method offers a solution to various inventory and shipping challenges for businesses just like yours. Below, we outline three ways blind shipping can help optimize your logistics, keep inventories healthy and save you money!
This article will examine the challenges Belcorp faced with managing its extensive product range and complex supply chain and how our solution set, which includes Service Optimizer 99+ (SO99+), Demand Planning, and the Multi-Echelon Inventory Optimization (MEIO) model, transformed their operations. It played out as follows.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
How are organizations performing on inventory optimization? Inventory: asset or liability? Although nobody could have predicted the degree of disruption most companies experienced last year, the pandemic did expose the many challenges organizations face when it comes to inventory. Find out in this new research report.
For retail and consumer packaged goods (CPG) companies, the busy shipping season came early. But shippers looking to avoid disruptions and ensure that tight inventory levels don’t lead to missed sales opportunities pulled their orders forward. The peak inbound season typically starts around this time of year.
The sessions provided clear insights into the company’s strategic direction, technology roadmap, and leadership transition—highlighting a focus on platform unification, practical AI deployment, and long-term operational alignment.
Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?
Excess inventory weighs down supply chains. Companies often overproduce to hedge against demand swings, yet end up with shelves of unused goods. The Hidden Costs of Traditional Inventory Models Traditional inventory models were built for predictability. But in volatile markets, they often backfire.
Speaker: Irina Rosca, Director of Supply Chain Operations, Helix
Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. etc) or online promotions (company run or 3rd party).
Artificial intelligence (AI) is reshaping supply chain operations by enabling predictive planning, allowing companies to anticipate disruptions before they occur and adjust operations accordingly. Companies must react after the fact, often incurring higher costs and reduced service levels.
Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. Theres no shortage of commentary on how companies should respond move production, shift suppliers, and reconfigure operations are just a few common recommendations.
In today’s world, where globalization and international trade play an increasingly important role, efficient freight management is becoming a key aspect of success for many companies. In this article, we’ll take a look at the main methods companies manage their freight and trucking operations.
As a result, companies tend to plan, optimize, and execute their inventory, labor, transportation, and warehousing operations separately (that is, in a siloed manner). Is that the case at your company? Historically, there has been a disconnect between Supply Chain Planning and Supply Chain Execution processes and applications.
A Fortune 100 company wanted to have seamless visibility, collaboration and synchronized planning with its multiple levels of suppliers. Which suppliers were being roadblocks, Which posed threats to assurances in supply, What information was being conveyed between suppliers and other supplier and inventory management issues.
An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. Many companies are undergoing a digital transformation , switching from manual processes to automating routine tasks.
With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
During my current supply chain planning market research, I have received briefings from several SCP companies. This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. You route a truck.
Enterprise Resource Planning (ERP) systems play a key role for wholesale distribution companies in this process, serving (among other things) as the inventory management software that attempts to ensure that the right products are available in the right quantities at the right time and place.
The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to rethink supply chains. Companies like Yeti have already moved 80% of their production out of China, decreasing exposure to tariffs.
These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management. Factors like planning tools, inventory management, demand patterns, and innovations in technology contribute to the success or failure of fulfillment optimization.
In a broad sense, optimization refers to creating plans that help companies achieve service levels and other goals at the lowest cost. Without accurate data, companies face the garbage in, garbage out problem. Using the right product classification allows companies to pay the correct tariffs.
Companies that fail to modernize face supply shortages, revenue loss, and regulatory risks. Just-in-time (JIT) inventory models, lean supplier networks, and offshore manufacturing reduced expenses but left companies exposed to disruptions. Companies that fail to integrate these technologies risk inefficiencies and higher costs.
At M-Dot, Catania led his team to win the Amazon Web Services Start-Up Challenge, besting more than 1,500 companies from 23 countries.A With its recent acquisition of Orderbot, a distributed order management solution, OneRail is integrating inventory and order management capabilities to enable store-shelf-to-doorstep visibility.
As artificial intelligence (AI) becomes more integrated into supply chains, companies are focusing on how it can support human workers. During the 2024 holiday season, it reduced unnecessary package movement and shortened delivery distances by leveraging AI to strategically position inventory closer to customer locations.
What food and beverage companies need to know about tariffs: Lessons from Canada sharkins Fri, 05/16/2025 - 09:53 Tariffs have been a constant threat since the beginning of 2025, but one sector has felt the impact more immediately than most: consumer packaged goods. goods were “ rapidly dropping.”
Here I define value as improving market capitalization/employee for a public company. Compared to peer group performance for 2013-2023, 59% of the Gartner Top 25 score below their peer group on average revenue growth, 41% below inventory turns, and 41% below their sector on invested capital. The answer is not th e Gartner Top 25.
Learn how Team Procure is helping companies streamline their procurement by implementing a cloud-based procurement platform across their organization. Team Procure Cloud offers a comprehensive solution to procurement management, streamlining the entire process from purchase requests and approvals to supplier management and inventory control.
Companies are increasingly adopting electric and hydrogen-powered vehicles to transition away from fossil fuels. Innovations in biodegradable and reusable materials, coupled with lightweight designs that reduce shipping weight, are helping companies minimize waste and lower emissions.
They noted the fact that companies whose leaders had supply chain experience took a more proactive approach to addressing potential supply-chain challenges, and in leveraging the supply-chain function to generate new business opportunities. They are no longer just vendors of goods and services.
You might think it’s magic, but it’s actually the hard work of chemical import and export companies working behind the scenes to keep global supply chains ticking. What Do Chemical Import and Export Companies Do? These companies need to be up-to-date with the latest regulations to avoid costly delays or fines.
Sellercloud serves small to mid-sized retailers, wholesalers, and manufacturers with inventory and order management systems (IMS/OMS) that help manage and synchronize inventory across multiple sales channels, while also facilitating order fulfillment. The company aims for net-zero emissions across all scopes by 2050.
What’s also clear is that to not merely survive but thrive in the today’s volatile global market, companies need to take a more synchronized approach to their various business processes. These challenges didn’t end with the pandemic; it’s clear that disruption is here to stay as the so-called “new normal.”
Advanced supply chain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables. The result?
Offering comprehensive solutions, including warehousing, order fulfillment, and inventory management, Launch Fulfillment helps eCommerce brands streamline their supply chains. With a focus on partnership and client satisfaction, the company enables seamless growth for its partners. About Launch Fulfillment Launch Fulfillment Inc.
For example, I worked with a company that decided on seed supply chains. Traits for seed inventories are determined one to years in advance based on crop testing and weather patterns.) Each company can send two business leaders. Think of all of the R&D notebooks locked up in some lab repository. Each class is six weeks.
Delays, excess inventory, missed handoffs, and reactive decision-making are all signs of a supply chain that lacks coordination. Collaborative Workflows Supply chains involve many teams and companies working toward the same outcome. The factory uses this information to make scheduling and inventory decisions more efficiently.
Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP
The global logistics market is growing, and companies need to prepare for the next generation of supply chain management. As a supply chain director, you want to ensure that your supply chain network can withstand any disruptions and be optimized for peak performance.
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