SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Inventory Reduction Modeling 111

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

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

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

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

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

JUNE 13, 2023

When calculating inventory costs, not all stock is alike. Knowing the different types of inventory and how they impact your costs is key to accurate stock control and best-practice accounting. The 23 Types of Inventory: What is inventory? In accounting, inventory is generally the largest current asset a company carries.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Manufacturing Procurement 52

Unleashed

JUNE 13, 2023

When calculating inventory costs, not all stock is alike. Knowing the different types of inventory and how they impact your costs is key to accurate stock control and best-practice accounting. The 23 Types of Inventory: What is inventory? In accounting, inventory is generally the largest current asset a company carries.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Manufacturing Procurement 52

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

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

Logistics Viewpoints

NOVEMBER 16, 2023

This article is from Descartes Systems Group and looks at how companies can reduce lead times with real-time data. There are many strategic initiatives that can be undertaken to reduce lead time, from contract negotiations, supplier rationalization, vendor managed inventory options, strategic network design and numerous others.

Real-time Visibility 240

Real-time Visibility Material Savings Inventory Reduction Vendor Strategies 240

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

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

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

ToolsGroup

NOVEMBER 13, 2018

In this post we’ll explore how probabilistic forecasting not only creates better forecasts, but also improves inventory optimization by improving the stock levels at store and warehouse locations in your distribution network. Inventory optimization (IO) systems can then use this information to better identify the optimal inventory targets.

Forecasting 159

Forecasting Forecasting Software Optimization Software Supply Chain Optimization 159

Logility

JANUARY 12, 2021

automating the digital transformation of supply chain optimization and advanced retail planning, invites you to the upcoming webcast: Roadmap to Overcoming Five Obstacles to Achieving Multi-Echelon Inventory Optimization. Title: Roadmap to Overcoming Five Obstacles to Achieving Multi-Echelon Inventory Optimization. Webcast at a Glance.

Optimal Sourcing 130

Optimal Sourcing Logility Optimization Software Supply Chain Planning Software 130

ShipBob

JUNE 18, 2023

If you start out a quarter with more inventory than when you started the previous quarter, is it a good thing or a bad thing? Or, it’s an indication that you have more inventory than you can sell. If you start out with less inventory than the period prior, it could mean you sold a lot of your stock — congratulations!

Inventory 98

Inventory Purchasing Skills Manufacturing Procurement How To 98

ShipBob

AUGUST 23, 2023

Inventory is an important asset. And since ecommerce businesses deal with different types of inventory on a daily basis, it’s important that you understand all of them well. In this article, we demystify the main types of inventory, as well as ecommerce-specific inventory.

Inventory Management Software 52

Inventory Management Software Modeling Software Optimization Software Predictive Analytics Software 52

Logility

JANUARY 4, 2022

Planalytics will integrate directly into the Logility Digital Supply Chain Platform®, ultimately increasing forecast accuracy, optimizing inventories and reducing lost sales. “We Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company. About Planalytics. Planalytics, Inc.

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

Unleashed

OCTOBER 8, 2023

Accurate inventory accounting requires accurate data. Opening inventory, correctly calculated, is an essential figure for determining the costs and profitability of your business. It can be used to calculate the cost of goods sold and other useful inventory reports. What is opening inventory?

Inventory Reduction 52

Inventory Reduction Inventory Procurement Analytics How To 52

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

ToolsGroup

MAY 2, 2023

FeaturedCustomers evaluated all the potential Demand Forecasting Software companies on its platform for possible inclusion in the Customer Success Report. Only 15 companies met the criteria needed to be included in the Spring 2023 Demand Forecasting Software Customer Success Report. See ToolsGroup’s listing on FeaturedCustomers here.

ToolsGroup 156

ToolsGroup Forecasting Software Supply Chain Design Software Supply Chain Planning Software 156

Logility

APRIL 26, 2022

based supplier of fashion blanks transforms its demand and inventory management with Logility. One of the leading wholesale producers and sellers of premium quality blank apparel in the United States, Next Level Apparel has implemented the Logility® Digital Supply Chain Platform to modernize its demand and inventory planning processes.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Demand Planning Software Inventory Management Software 130

ToolsGroup

SEPTEMBER 26, 2023

Now that Evo is a ToolsGroup company, the big question is: “What innovation will Evo bring to the ToolsGroup offering?” Managers drive strategy and autonomous prescriptive analytics can tell you in real time which inventory and pricing decisions will get you there. While the real answer is “Plenty!”, What is EvoAI? How Does EvoAI work?

Prescriptive Analytics Software 296

Prescriptive Analytics Software ToolsGroup Supply Chain Planning Software Analytics Software 296

RFgen

JULY 21, 2023

In warehouse management, where the constant movement of goods is the norm, effective inventory management is pivotal. That’s why most inventory management processes need a way to continue moving materials, regardless of connectivity state to enterprise systems. Supply chains turn to offline inventory software to fill the gap.

Inventory Management Software 74

Inventory Management Software Inventory Management Supply Chain Network Software Supply Chain Planning Software 74

EazyStock

MAY 24, 2022

Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and hitting fulfillment targets. This post, however, will focus on the financial aspect of inventory: inventory value – taking an accountant’s view of how to manage stock effectively.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Management Inventory 52

Supply Chain Shaman

OCTOBER 11, 2012

“If only I had the money that the company was supposed to save from the multiple ERP and supply chain projects. This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. I am a skeptic. I want to believe.

Inventory Reduction 245

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 245

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Then you will need to know the inventory value at the end of the period.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Taulia

SEPTEMBER 7, 2022

For many companies, the production of finished goods from basic materials is key to operations. But those goods and materials, referred to collectively as inventory, can be difficult to manage efficiently – especially at scale. Ineffective management of inventory can be extremely harmful to operational success.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Unleashed

OCTOBER 4, 2021

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. While most of our examples are large multinational companies, your SME can employ many of the same tactics and principles.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

Unleashed

JUNE 7, 2023

Inventory optimisation is the process that enables efficient inventory management. In this guide, we define inventory optimisation and offer a few actionable tips and strategies for getting it right every time. In this inventory optimisation guide: What is inventory optimisation?

Inventory Management Software 52

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

GlobalTranz

MAY 2, 2017

Manufacturers have always struggled to obtain the most accurate inventory levels possible. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. Let’s take a closer look at why such systems have the power to radically change standard inventory management operations.

Inventory Management Software 120

Inventory Management Software Inventory Reduction Inventory Management Procurement Analytics 120

Unleashed

APRIL 18, 2023

Great inventory management comes down to good systems, good processes, and constant improvement. The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Logistics Viewpoints

JANUARY 1, 2024

Omnichannel refers to the ability of a consumer to get products fulfilled to them in various ways. An omnichannel order management system helps companies meet growing customer expectations. Historically, an OOM has access to all the company’s inventory. This meant that retailers were not maximizing their profitability.

Omnichannel 211

Omnichannel Modeling Optimization Software Optimization Modeling 211

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

Logility

JULY 14, 2022

based furniture manufacturing company who needed support rightsizing its inventory across its global supply chain network and reducing safety stock. Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company. References below to the Company means Logility, Inc.

Logility 173

Logility Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 173