RFgen

MAY 26, 2023

In the world of inventory management, stockouts and overstocking can be detrimental to business success. To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. Overstocking occurs when a business has too much inventory on hand.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

o9 Solutions

OCTOBER 20, 2021

To address rapidly changing consumer preferences, grocers are supporting local farms and producers, bringing in higher quality fresh food and organics, and increasing requirements around traceability. This focus on fresh and healthy options means shorter shelf life and a need to optimize inventories and product flows to prevent spoilage.

Price Reduction 52

Price Reduction Inventory Reduction Cost Reduction Strategies Optimal Sourcing 52

QAD

AUGUST 3, 2021

Every food and beverage (F&B) recall catches the public’s attention, as we run to our pantries or refrigerators with hearts racing to check for the infected product. For food and beverage manufacturers, the response is one of relief if it’s not your product, or utter terror if it is. Minimizing Recalls with an Adaptive ERP.

Quality 98

Quality Las Vegas Beverage Supply Chain Planning Software 98

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

but when demand slowed, the pressure to reduce inventory becomes a lot higher. Although 2023 first half reliability has been improving to around 65%, the lead time variability is still high compared to other modes of transportation, and still below pre-pandemic levels. 2022 ocean schedule reliability dropped to 30%.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

GlobalTranz

FEBRUARY 17, 2016

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Understand Data Integrity to Reduce Inventory Costs.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Unleashed

FEBRUARY 19, 2019

Just-in-time inventory (JIT) is the antithesis of just-in-case inventory and can be a valuable method of reducing waste and streamlining the supply chain. The benefits of JIT inventory are numerous, although they can only be realised with hard work to set up an intricate system involving many synchronised components.

Just-in-Time 67

Just-in-Time Inventory Management Software Inventory Reduction Inventory Management 67

Unleashed

FEBRUARY 14, 2022

In business, it refers to a mindset of continuous improvement through small and gradual improvements. The idea is to make minor changes that over time create notable improvements to the end product. Teamwork is key to the Kaizen method, and empowering each member in a way that enables improvements is key to its success.

Continuous Improvement 95

Continuous Improvement Waste Reduction Manufacturing Resource Reduction 95

ToolsGroup

MAY 24, 2016

That’s necessary for continuous improvement and operational excellence. In a 2015 SupplyChainBrain interview she says this allows companies to give their customers a differentiated experience – she compares it to the difference between fine dining and fast food. Editor's Note: There will be no blog post next week.

Supply Chain Segmentation 159

Supply Chain Segmentation Optimal Sourcing Gartner Supply Chain Optimization 159

Herlitz Inventory Management

JANUARY 19, 2022

The company has trusted Herlitz Inventory Management and the powerful features in HIMPACT to optimize and stabilize the service levels and improve inventory turns. Imperial Distributors conducts four seasonal shows per year, with similar inventory requirements for each. Major Time Savings with Automated Uploads.

Optimal Sourcing 52

Optimal Sourcing Forecasting Forecasting Software Inventory Management Software 52

Supply Chain Shaman

MARCH 28, 2016

For many companies, improving results is elusive. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Unleashed

APRIL 6, 2022

Here we look at the aims and optimal outcomes of lean operations through the lens of these 13 core principles – and give you insights into how digital tools like manufacturing inventory software can support your business’ use of these methods. Manufacturers frequently turn to inventory software to implement and maintain lean systems.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Inventory Management Software 98

Supply Chain Shaman

OCTOBER 1, 2013

Over the last five years, I have helped two companies, Sonoco Products and Owens Illinois (OI) with their selection of technologies to improve Sales and Operations (S&OP) planning. Both companies provide packaging materials to the food manufacturing industry. Here I contrast their results. So, what can we learn?

Illinois 251

Illinois Waste Reduction Supply Chain Planning Software S&OP 251

QAD

FEBRUARY 25, 2020

While the focus is on delivering continuous improvements in cost, quality, production and delivery, significant environmental benefits often result in the areas of production efficiency and waste minimization. Consider the effects of excess inventory and unnecessary shipments.

Waste Reduction 145

Waste Reduction Cost Reduction Strategies Resource Reduction Inventory Reduction 145

Unleashed

FEBRUARY 3, 2022

Lean manufacturing as a philosophy has three critical components: Deliver value to the customer Eliminate waste Continuously improve company processes. We’ll talk more about some of these later, but they include process mapping, inventory management, sequencing, automation and more. How ergonomic are your individual work cells?

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Lean Waste Reduction Inventory Management Software 98

crisp

FEBRUARY 5, 2024

In 2022, Ritual took the leap into retail, starting with Whole Foods and expanding to Target nationwide in 2023. For Target, Ritual initially extracted sales and inventory data into Google Sheets each day, a solution that offered limited visibility and scalability. Ingesting Whole Foods data proved even more daunting.

Cost Reduction Strategies 52

Cost Reduction Strategies Optimal Sourcing Sourcing Strategies Data 52

Supply Chain Shaman

NOVEMBER 1, 2015

The issue is that costs need to be continually balanced with customer service, and inventory programs against a business strategy. Figure 3: Continuous Improvement Programs. When companies talk to me about continuous improvement programs, we discuss the need for balance and what this looks like on a day-to-day basis.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 150

Logistics Viewpoints

APRIL 29, 2021

These new technologies are helping operations and engineering teams move beyond continuous improvement to continuous warehouse optimization. Inventory and Labor Planning. Instead of once-a-generation WMS and automation system upgrades, they are investing in adaptive technologies and systems.

Optimal Sourcing 150

Optimal Sourcing Optimization Software Supply Chain Design Software Supply Chain Planning Software 150

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

A culture of continuous improvement is one which help foster trust and partnership. Shippers should utilise various opportunities during their regular communication to actively seek ways to enhance both day-to-day operations as well as the freight procurement process.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

FEBRUARY 12, 2017

For the past four years, as we have done our work, we have tracked Novo Nordisk’s continued improvement against the pharmaceutical peer group. Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance and Improvement within the Pharmaceutical Industry for 2009-2015.

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150

Locus

JULY 17, 2023

As the world continues to embrace the convenience of doorstep deliveries, the food industry has caught up with the trend—projecting a market volume of $1.65 Busy lifestyles, remote work setups, and urbanization, all create the desire for time-saving solutions leading to a surge in demand for convenient food delivery services.

Optimal Sourcing 52

Optimal Sourcing Food Logistics Network Optimization Software Optimization Software 52

GlobalTranz

SEPTEMBER 26, 2018

Last year, Amazon’s purchase of Whole Foods radically changed how Amazon’s customers viewed the world, and what was once considered unusual has become a standard part of the e-commerce customer’s shopping journey. According to Freight-Specialist.com , these forces include: E-commerce demands higher inventory variety.

Shipping 168

Shipping Cost Reduction Strategies Expense Reduction Resource Reduction 168

Supply Chain Shaman

JANUARY 31, 2013

While companies have increased Revenue per Employee across the healthcare value chain, the Days of Inventory have increased for suppliers, and there is a shift in power to the healthcare provider. I also see that we are not decreasing the total inventory levels in the network or accelerating time to value. Progress is stalled.

Turkey 226

Turkey Supply Chain Planning Software Supply Chain Planning Inventory Reduction 226

Talking Logistics

NOVEMBER 19, 2014

When you look at the potential benefits in inventory savings, freight savings, and on-time fulfillment improvements, it’s not that difficult to build the business case. A101 is a discount retailer that sells high-quality, cost-effective food and consumables throughout Turkey. So, what’s been the problem?

Case Study 176

Case Study Optimal Sourcing Study Supply Chain Planning Software 176

ThroughPut

DECEMBER 6, 2023

Businesses can access historical data, market trends, and other external factors and, by plugging in predictive analytics, gain invaluable insights that streamline inventory management, demand forecasting, transportation planning, risk mitigation, and overall decision-making processes. So, how does predictive analytics help with that?

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. This resulted in a 67% reduction in stockouts and a 30% decrease in fresh food waste, improving inventory management.

Prescriptive Analytics Software 52

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

Unleashed

OCTOBER 18, 2021

The interior of a dark store looks like a conventional store – set out with aisles of shelves containing inventory stock available for purchase – but they generally aren’t located in shopping centres or retail precincts. Walmart’s MFCs are stocked with the most popular products ordered online, which include packaged and frozen foods.

Inventory Reduction 104

Inventory Reduction Expense Reduction Cost Reduction Strategies Supply Chain Design Software 104

Unleashed

AUGUST 18, 2021

Read more: The 10 inventory management trends to watch for in 2022 Reverse logistics is another name for a backwards supply chain What steps make up the reverse logistics process? It is becoming more common for food & beverage companies, for instance, to collect, clean and reuse boxes, bottles and barrels. 3 examples) 1.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98

Unleashed

FEBRUARY 9, 2022

Using online inventory management, for instance, automates inventory control for real-time transparency and traceability of inventory stock, along with automated reorder alerts for greater efficiency. This assists process control and data collection for maintenance, troubleshooting, and for continuous improvement purposes.

Supply Chain Software 98

Supply Chain Software Supply Chain Design Software Inventory Management Software Supply Chain Network Software 98

Supply Chain Shaman

SEPTEMBER 13, 2016

It is clear that new outcomes cannot happen through a focus on traditional continuous improvement programs. The architectures for the rules that we have today–Available to Promise, Allocation, Inventory Matching, Deductions, Hands-free Orders– are inadequate. The journey for starts with a focus on business outcomes.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 195

Supply Chain Shaman

AUGUST 11, 2014

We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement. We think that it requires a focus on both total performance and measured supply chain improvement.

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

SYSPRO Smarter ERP

DECEMBER 15, 2021

One point you should keep in mind is that the Kenyan economy includes a large Food & Beverage sector which grew by 43% in 2021 and accounted for 46% of exports. There is a need to create relevant investments to enable best customer service from minimum investment in inventory. Recovery in and from covid affected business.

Manufacturing Procurement 104

Manufacturing Procurement Kenya Distribution Supply Chain Planning Software 104

QAD

AUGUST 12, 2021

We will see the continued adoption of a wide range of sustainability efforts across manufacturing verticals, from automotive to food and beverage to life sciences. It’s a constant area of focus to eliminate waste throughout an organization and drive continuous improvement. Sustainability Objectives for Manufacturers.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

Unleashed

JUNE 20, 2023

Can a business hold too much inventory? But the complexities of running a business mean ending up with too much inventory is a near-certainty at some time. What does too much inventory mean? Too much inventory refers to an excess of goods or products held in storage by a company. Why is it bad to have too much inventory?

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Inventory 52

FourKites

DECEMBER 23, 2020

By outlining the major cost centers of your supply chain and optimizing your spending within each, you’ll be creating a much more favorable equation for improving supply chain planning and productivity. Cost control measures in supply chain efficiency should address three major areas: labor, inventory and transportation.

Real-time Visibility 52

Real-time Visibility Waste Reduction Inventory Reduction Expense Reduction 52

USC Consulting Group

MARCH 15, 2021

It also meant that products had to be kept safe, especially those in the food industry. It’s also a matter of inventory. Manufacturing has always had to do a delicate dance with how much inventory to have on hand at any given moment, but COVID magnified it. It’s an ongoing issue for many manufacturers.

Manufacturing Procurement 98

Manufacturing Procurement Manufacturing Sourcing Strategies Optimal Sourcing 98

USC Consulting Group

JANUARY 10, 2022

We work with a wide range of industries, including chemical processing, forestry products, food & beverage, life sciences, mining & metals, oil & gas, transportation & logistics, private equity, and yes, manufacturing. It’s a useful process, but we’ve found it’s missing a critical area: Inventory.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Inventory Reduction 40