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

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

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 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

Freight Center

OCTOBER 17, 2019

With costumes and decorations filling online carts and candy flying off grocery store shelves, the supply chains behind the scenes for these businesses have to be precise and operating smoothly to keep adequate quantities of inventory available. Shipping the Treats. Ship alone if you dare. Avoiding the Tricks. What’s your plan?

Shipping 47

Shipping Supply Chain Planning Software Forecasting Software Forecasting 47

Enterra Insights

JUNE 28, 2023

By 1956, the first container ship sailed from the port of New Jersey to Texas. That includes packaging, warehousing, shipping, and more. By having more efficient delivery routes, warehouses, and inventory systems in place, companies can reduce their operational costs while still delivering great customer service.”

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Logistics Supply Chain Design Software 130

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

ToolsGroup

AUGUST 1, 2022

Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. Reports indicate that returns are higher when products are sold online, with an average return rate of 30% for ecommerce purchases, in comparison with 10% for brick-and-mortar sales.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

CH Robinson Transportfolio

JULY 19, 2020

Less than container load (LCL) shipping is rapidly becoming a go-to service option for businesses seeking help in a complex global logistics industry. As COVID-19 affected businesses around the world, the need for expedited LCL shipping grew significantly. The right level of LCL shipping expertise. Reduced costs.

Material Savings 44

Material Savings Cost Reduction Strategies Inventory Reduction Shipping 44

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

Supply Chain Shaman

AUGUST 7, 2019

Most companies cannot get to data by customer on orders shipped incomplete to understand root cause analysis. 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. inventory turns.

Supply Chain Design Software 250

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

GlobalTranz

DECEMBER 8, 2017

This difference can have catastrophic consequences for the success of your business, including lost revenue for returning the product, processing the return, shipping out the correct product, and time spent in addressing the issue at your customer service center. Order Fill Rate Drills Down Into Order Fill, Line Fill and Unit Fill.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Software KPI Supply Chain Design 170

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 Retail 131

Logistics Viewpoints

AUGUST 12, 2022

In all, the acquisition will add more than 350 temperature-controlled vehicles and four million square feet to the UPS Healthcare global footprint, offering customers access to faster shipping times, greater production flexibility, and offerings to help them attract new business. For comparison, they spent $3.4

Logistics Network Optimization Software 227

Logistics Network Optimization Software Modeling Logistics San Antonio 227

ToolsGroup

FEBRUARY 28, 2023

So we’re excited to be delivering significant enhancements to our solution and expanding our already formidable and innovative forecasting , inventory optimization , and replenishment capabilities that help our customers deliver on promises to their customers, while reducing inventory (and their carbon footprints) and boosting profitability.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Modeling Demand Planning Software 156

Logistics Viewpoints

FEBRUARY 1, 2018

Shopping today often includes online product research, comparison price shopping between sites, online customer reviews and more – arming consumers with a wealth of knowledge before they even set foot in a store. The post Personalization is Paramount – Finding Success in the New Age of Retail appeared first on Logistics Viewpoints.

Retail 100

Retail Comparison Research Shipping 100

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

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.

Inventory Management Software 52

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

BlueYonder

AUGUST 15, 2023

This might relate to poor inventory management, inflexible order processing across stores and distribution centers, a lack of real-time visibility on inventory, or insufficient inventory alignment and replenishment. Significantly, this data-driven comparison between “now and then” has to be attributed to each individual facet.

Inventory Reduction 86

Inventory Reduction Expense Reduction Resource Reduction Price Reduction 86

Supply Chain Game Changer

SEPTEMBER 21, 2022

The Supply Chain industry provides vast employment opportunities, from procurement to warehouse inventory, management, and shipping. The terms freight broker and freight agent are often confused in the cargo and shipping sector. Freight brokers and agents contribute significantly to optimizing the shipping process.

Negotiating Skills 96

Negotiating Skills Freight Purchasing Skills Optimal Sourcing 96

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. These methods were heavily susceptible to human error, with end counts that didn’t necessarily reflect full accuracy.

Supply Chain Planning Software 130

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

Supply Chain Shaman

MARCH 18, 2018

The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The cash-to-cash definition is: Cash-to-cash= Days of Receivables+ Days of Inventory-Days of Payables.

Optimal Sourcing 168

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 168

Ware2Go

APRIL 18, 2022

Amazon has virtually created consumer demand for 1- to 2-day shipping, and they’ve learned the most cost effective and efficient way to deliver: inventory distribution. Next-day air is a hail-Mary kind of move when it comes to fast shipping, as it’s very expensive and carbon-intensive. Ship from Store vs. BOPIS.

Network Optimization 59

Network Optimization Distribution Supply Chain Network Software Inventory Reduction 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. These methods were heavily susceptible to human error, with end counts that didn’t necessarily reflect full accuracy.

Supply Chain Planning Software 133

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

Vinculum

APRIL 27, 2022

A software that heroes are tracking sales, inventory, orders, fulfillment alongside completing multiple orders. A good OMS entails: Route insights from warehouses based on proximity to arrival point and inventory tracking. Update inventory insights across sales channels and systems in real-time. Order management to fulfillment.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Supply Chain Software Expense Reduction 52

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

EMERGE App

JUNE 17, 2021

We understand that after the acquisition of Tradegecko, it will be decommissioned and users like yourself will need to look for a replacement inventory management system. EMERGE, on the other hand, focuses on B2B import, export & distributors with a sophisticated quotation, sales, shipping & billing workflows.

Comparison 52

Comparison Inventory Management Software Optimization Software Purchasing Skills 52

Freightos

APRIL 16, 2015

We’ve rounded up the top 20 logistics technology innovations changing the way over $18 trillion dollars of goods are shipped annually. Big ships : Super-container ships with 20,000 TEU capacity will drive increased efficiency, particularly in countries and areas with the few ports that can support the mega-ships.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Supply Chain Software Optimization Software Supply Chain Network Software 120

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. Unique SKU Numbers To enhance inventory tracking, you need to create unique SKU numbers and avoid any duplicates.

Inventory Reduction 52

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

Unleashed

MAY 4, 2022

Read more on inventory management for multichannel eCommerce selling The 15 most important benefits of eCommerce to business. A good way to start is to consider how inventory management fits into an eCommerce strategy. 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

Unleashed

MAY 28, 2023

How you evaluate inventory can have major implications on your profitability. But in some countries, only one inventory valuation strategy is permitted by law. Join us as we break each inventory valuation method down and uncover the most important differences between FIFO vs LIFO. Check out our Inventory Accounting Guide.

Purchasing Skills 52

Purchasing Skills Inventory Reduction Price Reduction Material Savings 52

Enterra Insights

APRIL 13, 2023

Plus, Americans’ spending spree during the earlier years of the pandemic, fueled by stimulus money, boredom and socked-away savings, have made for tough comparisons.”[2] This may include in-store or curbside pickup of online orders (also called click-and-collect, or BOPIS) or shipping from stores.”

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

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. These methods were heavily susceptible to human error, with end counts that didn’t necessarily reflect full accuracy.

Supply Chain Planning Software 100

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

Supply Chain Shaman

OCTOBER 8, 2019

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. The two primary buffers in the supply chain are manufacturing capacity and inventory. Time horizon. The takeaway?

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

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

Supply Chain Shaman

JULY 8, 2013

In the Supply Chain Metrics that Matter table, we can clearly see that “operating margin” and “inventory turns” matter to public financial performance. Note the trends in operating margins and inventory turns. 2012 was their fourth consecutive year of making improvements in inventory management.

Supply and Demand 209

Supply and Demand Demand Planning Software Modeling Supply Chain Planning Software 209