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

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). As companies grappled with growing and achieving global scale, the organizations became larger. Focus on Cost. A Decline in Innovation. Less Collaborative.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Logistics Viewpoints

OCTOBER 20, 2021

In our conversation, Ken spoke about some of the findings from a recent survey Logistyx conducted on cross-border holiday spending, as well as some larger trends around the state of parcel shipping. Fourth, what are some industry-specific trends for parcel shipping? The State of Parcel Shipping. The Holiday Season.

Supply Chain Network Software 191

Supply Chain Network Software Logistics Network Optimization Software Demand Planning Software Supply Chain Software 191

GlobalTranz

MAY 2, 2017

Manufacturers have always struggled to obtain the most accurate inventory levels possible. Meanwhile, failure to notify consumers about out-of-stock items during purchase could result in the permanent loss of a customer. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality.

Inventory Management Software 120

Inventory Management Software Inventory Reduction Inventory Management Procurement Analytics 120

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. ” Her answer was telling.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Logistics Viewpoints

JUNE 1, 2023

It is not easy for companies to cope with customers’ sudden changes in demand without agile planning capabilities leveraging advanced technologies such as AI/ML and Optimization. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Supply Chain Shaman

DECEMBER 7, 2023

In short, resilience is what keeps things running during a disruption — and what helps companies get back on track afterward. I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. No technology in the market measures inventory health. Yes, I think so.

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 303

Unleashed

APRIL 21, 2024

The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

ThroughPut

FEBRUARY 2, 2024

is advanced supply chain analytics. Advanced supply chain analytics is turning the current uncertainty into strategic foresight. This technology sifts through complex data to forecast potential disruptions and market trends, allowing companies to plan ahead instead of reacting in the moment.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). As companies grappled with growing and achieving global scale, the organizations became larger. Focus on Cost. A Decline in Innovation. Less Collaborative.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Logistics Viewpoints

MAY 19, 2022

He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supply chains. Containerization eventually reduced shipping and loading costs by at least 75%. The myth of the “perfect plan”.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

QAD

JULY 1, 2021

Total manufacturing costs showcase how much your company spent to produce its inventory in a given period of time. This includes a thorough account of the cost of overhead, materials used, labor, and any other manufacturing expenses that contributed to completing the product. Notice that it’s direct materials.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

Unleashed

AUGUST 29, 2023

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates tedious manual tasks that can be prone to human error, improving the accuracy of a company’s recorded inventory levels and reducing inventory carrying costs.

Inventory Management Software 52

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

GlobalTranz

APRIL 25, 2016

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Review Inventory turns and Return on Assets. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Logistics Viewpoints

OCTOBER 2, 2023

The CEO – Matt Elenjickal – told me that the company has roughly $100 million in revenue. This allows the company to do some interesting benchmarking. The company’s customers report that the ETAs provided by these FourKites are more accurate, timely and easier to access than those provided by carriers.

Real-time Visibility 219

Real-time Visibility Supply Chain Visibility Inventory Reduction Agile and Lean Supply Chain 219

Logistics Viewpoints

FEBRUARY 2, 2024

She also said the company planned to ask workers to return to the office five days a week in 2024. Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. While I like his optimism, I’ll believe it when I see it. And now on to this week’s logistics news. The shares fell as much as 7.6

Cost Reduction Strategies 234

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 234

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. What’s the difference?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

JANUARY 31, 2023

In-transit inventory is a frequently overlooked aspect of inventory management and accounting for product businesses. What is in-transit inventory? In-transit inventory is products that have been shipped by the seller but have yet to reach the customer. Who owns in-transit inventory?

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Supply Chain Planning Software 98

ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? What causes inventory glut? The result?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Enterra Insights

NOVEMBER 26, 2019

They explain, “The best way to understand any company’s operations is to view them as a series of decisions.”[1] Companies that make better decisions, make them faster and execute them more effectively than rivals nearly always turn in better financial performance. The benefits of predictive analytics. ”[4].

Predictive Analytics 100

Predictive Analytics Predictive Analytics Software Analytics Software Procurement Analytics 100

ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. It refers to the process of purchasing, storing, and tracking the various goods required to build a product. 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

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

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

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

Elementum

JUNE 30, 2022

Welcome to Elementum’s Supply Chain Market Report. Supply Chain Market Report – July 2022 This edition will cover: The signs of looming stagflation How executives can prepare their supply chains The imminent problem of staffing shortages The latest use of drones in supply chain Notable changes in the leadership ranks. Stalling Demand.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

Logistics Viewpoints

AUGUST 5, 2021

PwC reports that almost half of assets under management are held by investment firms committed to decarbonization. Similarly, UPS has strong commitments to sustainability and invests in many options, such as alternative fuel vehicles, e-cycles in dense cities, and carbon offsets for purchase with shipping.

Supply Chain Planning Software 299

Supply Chain Planning Software Sustainability Material Savings Supply Chain Planning 299

Unleashed

FEBRUARY 29, 2024

Some common examples of retail software include: Point of sale (POS) software Retail inventory management software Cloud-based accounting applications Customer relationship management (CRM) software Companies employ retail management software to manage different aspects of their retail supply chain.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Analytics Software Supply Chain Planning Software 52

Synovos

JANUARY 24, 2024

RS Integrated Supply Joins Minority Supplier Development UK WARRINGTON, UK / RADNOR, PA 23 JANUARY 2024 – RS Integrated Supply, a global MRO supply chain management services company, announced it has joined Minority Supplier Development UK (MSDUK) as a corporate member as part of its commitment to growing a diverse supplier base.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Solutions Purchasing Skills Optimal Sourcing 105

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

SYSPRO Smarter ERP

OCTOBER 9, 2023

Cost efficiency, quality management and traceability are major issues for companies in this region. The question company managers face is what software solution can help them keep machines busy as well as monitor performance and progress in their areas of concern.

Manufacturing Procurement 111

Manufacturing Procurement Cost Reduction Strategies Purchasing Skills Quality 111

Unleashed

MARCH 26, 2023

If you’re running a product business and using Xero for your accounting, you’ll need to implement some form of inventory management. While the platform offers some inventory features of its own, many businesses will require something with greater functionality. Do you need integrated Xero inventory software?

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 52

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 90

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 90