My Office Apps

JULY 28, 2022

The Importance of ERP Inventory Management. Depending on the type of business you operate, if a comprehensive system is needed to manage all aspects of your inventory then an ERP inventory management or warehouse management system is a top priority. ERP Inventory Management. Kechie Inventory Management.

Inventory Management Software 52

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

My Office Apps

JULY 28, 2022

The Importance of ERP in Inventory Management. Depending on the type of business you operate, if a comprehensive system is needed to manage all aspects of your inventory then an ERP robust inventory management or warehouse management system is a top priority. Inventory Management. Kechie Inventory Management.

Inventory Management Software 52

Inventory Management Software Inventory Management Supply Chain Planning Software Analytics Software 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. Looking to reduce inventory costs?

Inventory Reduction 98

Inventory Reduction Price Mitigation Strategies Optimization Software Vendor Strategies 98

Supply Chain Shaman

AUGUST 12, 2020

After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital. In this orbit chart, Lenovo lags the competitor group at the intersection of inventory turns and operating margin and struggles to drive improvement. Methodology Comparison.

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Supply Chain Shaman

JUNE 7, 2021

Companies entered the pandemic with twenty more days of inventory than at the beginning of the great recession. A balance sheet analysis shows that 95% of publicly traded manufacturers are stuck (when compared to peer group) at the intersection of growth and margin, margin and inventory turns, and Return on Invested Capital (ROIC) and growth.

Gartner 197

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 197

Logistics Viewpoints

JUNE 21, 2023

In fact, pressures are very similar with warehouse labor cost inflation, labor shortages, and inventory shortages at the top of the “concerns” list. Additionally, many organizations are also planning to source materials from suppliers in closer proximity and to hold greater inventory to assure short lead times and high inventory availability.

Supply Chain Planning Software 234

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 234

EazyStock

JANUARY 27, 2021

2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. Amazon has introduced 200,000+ robots moving inventory within fulfillment centers around the US, creating a more efficient supply chain.

Inventory Management Software 96

Inventory Management Software Supply Chain Software Supply Chain Planning Software Inventory Reduction 96

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Inventory Management Software 98

Inventory Management Software Inventory Management Procurement Solutions Forecasting Software 98

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

Supply Chain Shaman

JUNE 19, 2018

It is now our fifth year of analyzing balance sheets to understand which companies are outperforming their peer groups on the metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) while driving improvement. In Table 3, I share a comparison of the two methodologies. This work is not easy.

Gartner 203

Gartner Supply Chain Design Software Supply Chain Design Supply Chain Strategy 203

Logistics Viewpoints

FEBRUARY 15, 2023

We approached the topic from the perspective of importance in comparison to other objectives and change in importance over time. Inventory shortages/stock-outs was the factor with the second highest negative impact potential for 2023 in our preliminary survey results.

Supply Chain Planning 198

Supply Chain Planning Optimal Sourcing Supply Chain Optimization Supply Chain 198

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

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. The software never expanded in scope to manage multi-tier inventories. Rise in Inventories. Across industries, we carry 28 more days of inventory. Yet, only 15-20% of the inventory is managed as safety stock.

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

Kinaxis

JUNE 22, 2015

by Andrew Dunbar Over the last several weeks, this blog series on Inventory Management has explored the objectives and roles of inventory managers and outlined several of the improvement levers available to them. So, what do you need to measure to manage your inventory ? I recommend the inventory quality ratio for this one.

Metrics 100

Metrics Inventory Reduction Inventory Inventory Management Software 100

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Supply Chain Shaman

JULY 19, 2020

They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. When we look at public companies at the intersection of operating margin and inventory turns or growth and Return on Invested Capital. Redesign and Constantly Design for Value.

Supply Chain Design Software 400

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 400

Logistics Bureau

NOVEMBER 23, 2020

Three rules are really important in inventory management. Excess inventory. 3) Draft an Inventory Policy. If you don’t have an inventory policy: 1) You won’t get consensus. 4) Comparisons will be impossible. Three rules are really important in inventory management. ARTICLE SUMMARY. Obsolescence expense.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Forecasting 52

EazyStock

JANUARY 4, 2021

Inventory management is crucial to ensuring businesses have agile and efficient supply chain operations. However, having control over every inventory item often ends up being a time-consuming and frustrating endeavor for most inventory teams, as they rarely have the right tools in place to get the job done well.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

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. It looks at the capacity of each location (i.e., So when you’re fulfilling that order, will that item be marked down? Or will it be selling full price?

Purchasing Skills 156

Purchasing Skills Network Optimization Supply Chain Optimization Price Mitigation Strategies 156

BlueYonder

MAY 1, 2020

If this is the case, we will see deep discounts from retailers at a level that allows them to cover the cost of goods and flip inventory to cash. The post COVID-19 Month-Over-Month Survey Comparison: Consumer Trends and Their Impact on Retail Supply Chains appeared first on Supply Chain Nation Blog.

Comparison 52

Comparison Survey Retail Trends 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

Freightos

SEPTEMBER 14, 2022

While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. During the peak of the ocean freight congestion, in September 2021, ocean freight rates reached well over $20,000 for China – US West Coast shipping.

Logistics 156

Logistics Cargo Comparison Freight 156

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

Supply Chain Shaman

MARCH 27, 2023

Definitions: Oxymoron: The combination of contradictory or incongruous words (such as cruel kindness) Juxtaposition: The act of placing words or concepts close together or side by side, for comparison or contrast. What is the role of inventory? The difference between an oxymoron and a juxtaposition lies in usage.

Supply Chain Planning Software 308

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 308

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

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

Logistics Viewpoints

DECEMBER 15, 2022

ABC Analysis for Inventory Planning : Clustering products that behave similarly highlights issues, challenges, and opportunities for serving customers better. Comparison of these profiles then gives us store clusters with similar demand, and based on these insights, assortment plans can be developed to address the difference.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

Supply Chain Shaman

JUNE 1, 2022

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. The problem is that most of it is the wrong inventory due to planning fallacies.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

DELMIA Quintiq

DECEMBER 21, 2020

Dashboard with scenario comparison and KPIs for decision making in S&OP. At the same time, the analysis can take a long time due to the disaggregation of information in different spreadsheets or systems. This process becomes difficult–if not impossible leading to decisions based on “rule of thumb.” See figure 2.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Modeling Supply Chain Planning 296

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

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. In the period of 2010-2018, within the chemical industry, margins fluctuated, largely driven by the price of crude, but inventory turns plummeted.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Lack of Focus on Form & Function of Inventory and Designing Network Flows. As supply chains moved from regional to global, intransit and cycle inventories increased. Winners Over Time.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Arkieva

APRIL 19, 2016

Using so called orbit charts, we have benchmarked companies on EBIT% versus Inventory Turns. That benchmark helped to reveal the ‘best practice frontier’, which in turn helped in setting aggressive but aligned targets for EBIT% versus Inventory Turns. Benchmarking EBITDA% versus Inventory Turns.

Benchmarking 60

Benchmarking Inventory Reduction Inventory Expense Reduction 60

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

Sales, Inventory, Operations Plan (SIOP) is a process within many successful supply chain organizations that recognizes the integral relationship between all departments in the company, but how do you piece together an SIOP process? SIOP stands for “Sales, Inventory, Operations Plan”, not to be confused with “S&OP”.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Now, let’s take consumer products.

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

EazyStock

JULY 13, 2020

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. In this post we focus on inventory planning and how to optimize stock levels despite erratic customer behavior and supply restrictions. Investing in the Right Inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Forecasting Software Optimization Software 52

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