The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory. The bullwhip effect refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. Price Lookup and Comparison. Contract Review.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Freightos

SEPTEMBER 14, 2022

While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. Stay informed regardless of rate volatility with the Freightos Air Index, a real-time index of air cargo prices across region pairs, individual airports, and weight breaks. Watch Peak Season Webinar.

Logistics 156

Logistics Cargo Comparison Freight 156

ToolsGroup

OCTOBER 10, 2023

Dynamic Fulfillment considers the item itself, inventory locations, and the different carrier options. Using this comparison, it determines the utilization of that fulfillment center. The Takeaways Dynamic Fulfillment is handling swathes of information, all in real-time, and performing near-instant analyses.

Purchasing Skills 156

Purchasing Skills Network Optimization Supply Chain Optimization Price Mitigation Strategies 156

ToolsGroup

MAY 11, 2022

In comparison, respondents were less concerned about internal issues such as shorter product life cycles, risk of obsolescence, or more production options. ToolsGroup is how organizations improve product availability while right-sizing inventory, no matter how complex their supply chain is or how much demand changes. About ToolsGroup.

Purchasing Skills 295

Purchasing Skills Buyer Training Supply Chain Software Supply Chain Planning Software 295

DELMIA Quintiq

DECEMBER 21, 2020

The less information and insight about the possible impact in your operation, the more empirical and shortsighted the decision. At the same time, the analysis can take a long time due to the disaggregation of information in different spreadsheets or systems. Dashboard with scenario comparison and KPIs for decision making in S&OP.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Modeling Supply Chain Planning 296

Logility

JUNE 10, 2020

They were not capable of providing sell-through reports and this negatively impacted inventory levels and supplier distribution channels. Timely visibility into retail sales provided suppliers the information they needed to make better decisions on inventory, manufacturing operations, and Sales and Operations Planning (S&OP).

Optimal Sourcing 130

Optimal Sourcing Analytics Software Supply Chain Planning Software Analytics 130

EazyStock

FEBRUARY 11, 2021

Better Inventory Management for eCommerce. As more and more businesses sell online, they are starting to see the impact that eCommerce has on their inventory management operations. In this post we discuss how eCommerce is affecting inventory management strategies. eCommerce impacts inventory management in many ways.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Price Reduction 52

ThroughPut

JUNE 8, 2021

SKU Optimization: Work Smart, Not Hard To Optimize Inventory. Are you still spending hours on hours sorting through your inventory list and still getting nowhere? And more than that, it’s time to rethink your inventory strategy for the better. First things first: Understanding inventory . Try inventory optimization!

Inventory Reduction 52

Inventory Reduction Price Mitigation Strategies Optimization Software Vendor Strategies 52

SYSPRO Smarter ERP

JUNE 19, 2023

However, for companies with extensive inventory and warehouse facilities, integrating a Warehouse Management System with their ERP system can bring additional value. A Warehouse Management System (WMS) plays a vital role in efficiently managing inventory within a warehouse. What is a Warehouse Management System?

Inventory Reduction 98

Inventory Reduction Resource Reduction Cost Reduction Strategies Inventory Management Software 98

Logistics Viewpoints

DECEMBER 15, 2022

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. ABC Analysis for Inventory Planning : Clustering products that behave similarly highlights issues, challenges, and opportunities for serving customers better.

Optimal Sourcing 194

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 194

Supply Chain Shaman

SEPTEMBER 9, 2014

The data analyzed to compile the Supply Chains to Admire report came from publicly-available information from balance sheets and income statements. They had to be publicly traded, we had to have a nearly complete data set for the years studied, and they had to have a peer group of at least six companies to be able to draw the comparisons.

Pharmaceutical 273

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 273

ToolsGroup

NOVEMBER 27, 2018

Companies are seeking to implement (or re-implement) planning technology solutions, tune and optimize existing methodologies towards tighter variances, and integrate more accurate information into their planning processes. Defining “good” requires (1) a basis of comparison, and (2) controlling for key differences between data points.

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

Logility

AUGUST 5, 2021

You can align high-level business planning with detailed product forecasting to boost service levels, shorten cycle times, reduce inventory investment, and minimize obsolescence. Equally important are plan-versus-actuals comparisons that can be used to assess performance against the plan and adjust accordingly.

S&OP 130

S&OP Supply and Demand Beverage Optimal Sourcing 130

EazyStock

OCTOBER 10, 2018

Processing a large volume of information the main benefit of big data analytics. It is tempting to draw a comparison between big data and master data management (MDM) as the two terms are interconnected, but they are different. Master data manages core information that is critical for business processes.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

C3 Solutions

JULY 22, 2020

But it was really the development of innovative material handling systems in the mid-20th century that prompted the need for ways to keep track of more densely stored goods and higher levels of inventory. With the concurrent innovation in computing technology, inventory tracking systems were created that could generate automated reports.

Supply Chain Design Software 131

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Optimization Software 131

EMERGE App

DECEMBER 16, 2023

With multiple ways of labeling inventory within the business, it can be arduous to pick a solution that will work perfectly. It’s a great way of managing product catalogs and inventory within the business. Therefore, if the clients prefer attaining logical information, the SKU should have this information initially.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Price Reduction Supply Chain Design Software 52

Supply Chain Shaman

JULY 22, 2019

I shake my head, and watch the twitter and LinkedIn streams, I see much opinion, but seldom find factual information.). It is not as simple as trading-off inventory, cost, and customer service. Comparison To The Gartner Top 25. Shown in Figure 3 is the comparison of the two approaches. Writing the News.

Supply Chain Design Software 248

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 248

Supply Chain Shaman

JULY 19, 2015

However, for elements like forecast error, customer service and slow-moving inventory self-reported data is not sufficient. While every company will agree that this data is VERY important, the lack of standard definition precludes comparison. A lag is the comparison against points in time. We then worked on the analysis.

Supply Chain Planning Software 150

Supply Chain Planning Software Benchmarking Supply Chain Planning Scenario Planning 150

Unleashed

OCTOBER 31, 2023

Using data to leverage information WFO helps maximise employee and systems efficiency in a work smarter approach. In comparison, workforce management looks to enhance the day-to-day productivity of your entire organisation. You can optimise your workforce by applying inventory optimisation techniques to workforce management.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

4WL Consulting

JULY 24, 2017

Until a few years ago, inventory was a labor-intensive process that typically required either stopping operations for several days or bringing in a large crew to painstakingly count products overnight. For many companies, it requires a person-to-person contact just to relay the information and request a longer conversation.

Supply Chain Planning Software 130

Supply Chain Planning Software Logistics Network Optimization Software Logistics Vendor Strategies 130

Unleashed

MAY 4, 2022

Read more on inventory management for multichannel eCommerce selling The 15 most important benefits of eCommerce to business. Your store information is always available with eCommerce A major benefit of an eCommerce store is the ability for it to operate around the clock. It has numerous benefits, for both consumers and businesses.

Inventory Management Software 97

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 97

ToolsGroup

APRIL 25, 2019

Gathering the necessary data to formulate an accurate comparison between previous results and those provided by machine learning is an excellent way to establish confidence in your results. The company wanted to improve service levels and optimize inventories to reallocate working capital and balance inventory in the changing network.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Precoro

JANUARY 30, 2023

Plus, find a comparison table of some free purchase order software and paid programs. After entering the names and numbers of items, you can clarify price information, download and print your purchase order, or send it directly to your supplier via email. Inventory management , including warehouse management and store tracking.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Supply Chain Planning Software Supply Chain Software 52

Logility

NOVEMBER 18, 2021

Let’s look at a comparison of functions between ERP and SCM: 1. The nature of the platforms – ERP is transactional: This means ERPs stand out when it comes to recording daily transactions and offering easy access to that information. They handle data differently – . Economic sustainability . Environmental sustainability.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Analytics Software Predictive Analytics Software 130

My Office Apps

AUGUST 22, 2022

Having the right systems in place especially for warehouse inventory management is more crucial than ever before. If inventory, storage space, materials, and labor are at the center of your operations, some form of warehouse management software is key to running your business more efficiently. Items currently in production.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Procurement Solutions Optimization Software 52

4WL Consulting

JULY 24, 2017

Until a few years ago, inventory was a labor-intensive process that typically required either stopping operations for several days or bringing in a large crew to painstakingly count products overnight. For many companies, it requires a person-to-person contact just to relay the information and request a longer conversation.

Supply Chain Planning Software 133

Supply Chain Planning Software Logistics Network Optimization Software Logistics Vendor Strategies 133

Supply Chain Insights

SEPTEMBER 9, 2014

The data analyzed to compile the Supply Chains to Admire 2014 report came from publicly-available information from balance sheets and income statements. Nineteen of the 200 companies met the performance criteria of improving operating margin, inventory turns, and ROIC together in concert for the years of 2006-2013 or 2009-2013.

Pharmaceutical 179

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 179

Logility

MAY 3, 2018

These inventory challenges and others require all life science industry manufacturers to optimize the type of inventory (raw, WIP, finished), how much of each and where it is stored to provide a high level of patient care. Additional Reading: Aberdeen: Industry Comparison For Best-In-Class S&OP/IBP Capabilities.

Pharmaceutical 102

Pharmaceutical Modeling Supply Chain Planning Software Supply and Demand 102

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. Inventory is the thread here that connects supply and demand.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

EMERGE App

OCTOBER 25, 2018

Inventory costing or valuation is an accounting concept that has a direct impact on your gross profit and thus taxable income. Methods of valuing inventory are simply different cost-flow assumptions about how to allocate your cost of goods available for sale. We’ll start by explaining why inventory costing is important.

Purchasing Skills 58

Purchasing Skills Inventory Procurement Solutions Procurement Analytics 58

4WL Consulting

JULY 24, 2017

Until a few years ago, inventory was a labor-intensive process that typically required either stopping operations for several days or bringing in a large crew to painstakingly count products overnight. For many companies, it requires a person-to-person contact just to relay the information and request a longer conversation.

Supply Chain Planning Software 100

Supply Chain Planning Software Logistics Network Optimization Software Logistics Vendor Strategies 100

OptiProERP

MAY 18, 2023

The procurement process can be complex, involving various steps such as identifying the need for the goods, researching potential suppliers, negotiating contracts, and managing inventory. Therefore, the document should include all relevant information, such as technical specifications, performance standards, and delivery requirements.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Silvon Software

JUNE 23, 2020

Times are a changin’, so gather information, leave room for flexibility and don’t worry if the measurement is not perfect. Inventory Turns and Sales-to-Inventory Ratio. The Sales to Forecast and Outlook metrics are easy ones that allow for basic comparison of sales (and orders) to the forecast and/or plan.

Manufacturing Procurement 89

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 89

SCMDOJO

JUNE 21, 2023

This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities. The reason for considering inventory outsourcing stems from the challenges companies face, such as inventory bottlenecks, within their multi-echelon distribution networks.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 94

Kinaxis

JULY 30, 2018

A small shift in customer demand essentially cracks the whip, and the further a supplier is from the demand, the more significant the impact, which inevitably leads to increasing swings in inventory for suppliers. For comparison: A commercial jet at takeoff comes in at 140 dBA. How ironic would that be? m (329 ft 7.5

Indiana 120

Indiana Supply and Demand Supply Chain Design Supply Chain Planning 120

Supply Chain Shaman

JUNE 15, 2018

My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies. Here I show orbit chart comparisons at the intersection of operating margin and inventory turns for the period of 2006-2017. This is especially true for the Titans.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

Vinculum

JULY 6, 2021

In a 2018 report from KPMG, more than 67% of online customers expect free returns, which is a 5% increase in comparison with 2016 and 2017. At EOD, the financial posting is a negative sale for inventory returned along with an increase in book inventory. Reduction in inventory shipped back to distribution centers.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Modeling Software Procurement Analytics 52