SYSPRO Smarter ERP

JUNE 6, 2022

In today’s business world, the success of a firm depends not only on its sales but also on the ability to manage its supply network and ensure it has the inventory it needs to deliver customer orders. There are ways to manage a supply chain amid disruptions but they require changes in the way the business works.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Veridian Solutions

MAY 28, 2019

Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net , the costliest problem is due in large part to poor inventory visibility and planning. What Are the Most Common Inventory Management Mistakes? Poor housekeeping.

Inventory Management Software 66

Inventory Management Software Inventory Reduction Inventory Management Optimal Sourcing 66

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

Logistics Viewpoints

JANUARY 18, 2024

1) Streamlined Data Flow and Process Automation Is all about AI At the heart of effective supply chain automation lies the seamless flow of data across various sources and digital platforms, akin to a well-constructed highway for data. Now, we must ensure cars continuously run on clean and safe roads.

Supply Chain Software 250

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

SCMDOJO

APRIL 29, 2024

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

Supply Chain Planning Software 84

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 84

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

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Improved Customer Satisfaction A structured department is better equipped to handle customer demands. Logistics Logistics involves managing the transportation and delivery of goods.

Optimal Sourcing 77

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 77

Unleashed

MAY 25, 2023

Do you know your optimal inventory levels? Inventory planning enables you to order the right stock at the right time to meet demand and prevent overstocking. What is inventory planning? It is a key function of modern inventory management. Inventory planning ensures you are making the most of it.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

Unleashed

MARCH 15, 2019

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Inventory control strategies. Get automated. Get tracing.

Inventory Reduction 69

Inventory Reduction Inventory Waste Reduction Optimal Sourcing 69

QAD

JUNE 20, 2023

They can collect data on production processes, inventory levels, machine performance and other relevant metrics. Improved Inventory Management With a connected workforce, manufacturers will have better visibility to inventory levels, performance and movements in real-time.

Optimal Sourcing 88

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 88

Unleashed

APRIL 18, 2024

Implementing JIT in manufacturing operations can significantly reduce lead times and inventory levels, leading to cost savings and more responsive production cycles. The just-in-time approach contrasts with just-in-case strategies, where producers hold sufficient inventories to absorb maximum market demand.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

ThroughPut

MAY 22, 2024

ERP systems facilitate information flow between all business functions and manage connections to outside stakeholders. ERP systems allow data to flow into the centralized database across the organization, and thus eliminate data duplication and provide data integrity with a “single source of truth.”

Supply Chain Planning Software 98

Supply Chain Planning Software Resource Reduction Optimal Sourcing Resources 98

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Initially during the pandemic, supply chain managers held more buffer stocks to account for disruptions. but when demand slowed, the pressure to reduce inventory becomes a lot higher. Source: Sea-Intelligence Source: Sea-Intelligence The number of blank sailings are at the lowest we have seen since the pandemic started.

Rail Software 244

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

OptiProERP

APRIL 9, 2024

Order management involves creating, processing, and tracking orders, ensuring they align with customer expectations and organizational capabilities. Integration with inventory management systems is crucial to accurately confirm product availability and delivery timelines. OptiProERP was the clear winner.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

ThroughPut

JANUARY 28, 2019

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management. What one can’t ignore, however, is all the external factors that also directly, and indirectly, affect inventory processes.

Optimal Sourcing 94

Optimal Sourcing Optimization Software Supply Chain Software Supply Chain Planning Software 94

OptiProERP

FEBRUARY 8, 2024

Wire Arc Additive Manufacturing (Now DED-arc): Wire Arc Additive Manufacturing utilizes arc welding power sources and manipulators to construct 3D shapes through arc deposition. It typically employs wire as a material source, following a predetermined path to shape the desired form, often utilizing robotic welding equipment.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

ModusLink Corporation

APRIL 22, 2024

End-to-end management of component procurement, inventory management, and JIT delivery. Dynamic inventory optimization to minimize lead times and reduce costs. Continuous improvement initiatives driven by data analytics and feedback mechanisms.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

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.

Agile and Lean Supply Chain 98

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

Unleashed

AUGUST 28, 2022

Inventory management is one of the most practical applications that maximise the capability of existing programs, diving into the nuts and bolts of a manufacturing operation. What is spare parts inventory management? There are a few terms in spare parts inventory management to unpack.

Inventory Management Software 97

Inventory Management Software Inventory Reduction Inventory Management Demand Planning Software 97

BlueYonder

FEBRUARY 19, 2024

Precision Planning – Demand Forecasting and Real-Time Inventory Efficiency often begins with meticulous planning. Aligning the grocery retail ecosystem around real-time inventory marks the initial stride. Building on real-time inventory capabilities, this phase delves into dynamic pricing and promotions.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Waste Reduction Inventory Reduction 52

ThroughPut

FEBRUARY 15, 2023

Using this responsiveness as a springboard, supply chain resilience comes into action by managing costs during volatile times and continuously improving processes and workflows to adapt to possible future changes. With an intelligent capacity plan in place, supply chain managers can ensure overall supply chain resilience.

Sourcing Strategies 94

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Inventory Reduction 94

Unleashed

OCTOBER 5, 2023

The goal of effective warehouse management is to maximise the use of available space, minimise handling costs, and streamline operations to meet customer demands effectively. It can involve employing technology such as barcode scanners, inventory management software, and automated systems to enhance accuracy and speed in handling goods.

Inventory Reduction 52

Inventory Reduction Waste Reduction Material Savings Resource Reduction 52

ToolsGroup

MAY 24, 2016

That’s necessary for continuous improvement and operational excellence. Gartner research director Jennifer Loveland calls it end-to-end segmentation, where you determine first what your customers want, then create end-to-end models—from sales through sourcing, delivery, and customer service—to serve them.

Supply Chain Segmentation 159

Supply Chain Segmentation Optimal Sourcing Gartner Supply Chain Optimization 159

Herlitz Inventory Management

OCTOBER 1, 2018

Since implementing HIMPACT, Maurice Sporting Goods is fully equipped to improve customer service levels, lower inventory, and increase profits. Herlitz Inventory Management delivered a rich, market focused, customized solution that optimizes customer service levels and will increase profits.

Forecasting 40

Forecasting Optimal Sourcing Forecasting Software Customer Service 40

Locus

APRIL 3, 2023

All successful modern-day businesses rely on an efficient system of logistics management. This refers to planning, coordinating, and executing the flow and storage of goods and services, including activities such as transportation, inventory management, order processing, warehousing, packaging, and security. from 2019 to 2025.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Planning Software 52

SCMDOJO

APRIL 24, 2024

These technologies can examine huge portions of data from multiple sources, and recognize patterns and tendencies that would be impossible for humans to discern. As a result, it can help logistics companies to optimize inventory levels, reduce waste, and minimize the dreaded stockouts. Or at least that’s what we think.

Optimal Sourcing 58

Optimal Sourcing Agile and Lean Supply Chain Waste Reduction Material Savings 58

Unleashed

DECEMBER 12, 2023

These components help manufacturers to effectively plan, source, and manage the production process. Apply continuous improvement methods Continuous improvement in manufacturing ensures maximum output in relation to your inputs. Think of it as a recipe or shopping list for creating a particular item.

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Management Software Supply Chain Design Software 52

Unleashed

AUGUST 20, 2023

Generic lead time formula: Process Completed Date – Process Started Date = Lead Time Types of lead time in supply chain Supply chain management is the collaborative effort of dozens of processes working to meet customer demand for products. Consequently, there are numerous types of lead time we can measure in the supply chain.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Synovos

APRIL 2, 2024

A properly managed integrated supply program can provide up to 30% overall savings across the contract term. Outsourcing providers working in this space manage everything from sourcing to receiving to issuance. You can also expect to benefit from continuous improvement within the MRO procurement process.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Manufacturing Procurement Procurement Analytics 52

Unleashed

OCTOBER 4, 2023

Some of the main steps involved in the order fulfilment process include: Inventory management Picking and packing Tracking and communication Shipping and delivery Customer service Returns management Fulfilment costs can represent up to 30% of an eCommerce company’s total operating expenses.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

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

GlobalTranz

FEBRUARY 2, 2015

Editor’s Note: Cerasis is a 3PL focused on transportation management. So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

Unleashed

AUGUST 16, 2023

A backorder presents an opportunity for businesses to continue to make sales on products that are temporarily out of stock. If you’re new to order fulfilment and inventory management , you’ll need a firm understanding of the backorder process. How long do backorders take?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

ivalua

OCTOBER 8, 2021

Historically, Procurement for retail has been largely centralized: Stores request and receive inventory from corporate as needed. But in response to supply chain disruptions over the past year and a half, many store managers had to go rogue. Decentralize Procurement. Attack GNFR Spend.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

Unleashed

APRIL 21, 2024

The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer.

Inventory Management Software 52

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

ThroughPut

MARCH 11, 2024

This is done to meet the strategic objectives of enabling product innovation, operations cost reduction, regulatory compliance, inventory management and quality maintenance. Single-source Of Up-to-date Processing Data MOM Software can help plant managers maintain a single unique source of critical engineering data.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Handbook 52