QAD

APRIL 23, 2024

An Introduction to How FTZ Software is Changing FTZ Management for the Better Foreign-Trade Zone (FTZ) management has a reputation for being complex, especially regarding inventory management. US Customs and Border Protection (CBP) requires precise inventory recordkeeping and control. That’s what we’ll be answering today.

Inventory Management Software 96

Inventory Management Software Analytics Software Optimization Software Supply Chain Software 96

Logistics Viewpoints

FEBRUARY 5, 2024

Russell Zuppo, a vice president for consulting services at Uber Freight, reports that in their customer base, Walmart suppliers are currently paying 0.16% of the cost of goods sold in fines to Walmart. The fines, Uber Freight reports, vary by the costs of the products being sold to Walmart. It is not enough to use GPS to track a truck.

Shipping 247

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 247

TrackVia

MAY 25, 2023

Many companies are realizing the critical role that effective inventory management plays in streamlining warehouse operations and maintaining an edge over competitors. Check out how UC San Diego improved their inventory and asset management processes. An agile supply chain can address erratic demands and help the bottom line.

Inventory Management Software 52

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

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

GlobalTranz

MAY 25, 2018

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity.

Inventory Management Software 125

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 125

GlobalTranz

OCTOBER 25, 2017

Inventory tracking is among the top areas most impacted by omnichannel supply chain strategies, and consumer spending habits are forcing inventory tracking technology to evolve, making sure consumers can get the products they want, through the media and channels they want, and at the prices they want.

Inventory Reduction 125

Inventory Reduction Supply Chain Planning Software Analytics Software Inventory Management Software 125

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. Let’s take a quick look at some of the core benefits of inventory planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

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

ToolsGroup

NOVEMBER 30, 2020

With Service Optimizer 99+ (SO99+) ToolsGroup’s manufacturing customers commonly achieve a 10-30% reduction in inventory, improve product availability to 96% or better, and reduce overhead (such as overtime and expedited freight) by 50%. Reduced inventory value of safety stock on clustered items by 18%. Reporting sped up by 50%.

ToolsGroup 156

ToolsGroup Inventory Reduction Price Reduction Manufacturing 156

RFgen

APRIL 10, 2023

Inventory management is a critical aspect of any business’s operations, ensuring that products are accounted for, tracked, and optimally utilized. With advancements in warehouse technology, businesses now have access to powerful tools, such as mobile barcode software, which greatly improve inventory management processes.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimization Software Supply Chain Software 52

SCMDOJO

MAY 30, 2024

From the warehouse manager overseeing inventory to the transportation coordinator organizing routes, each member of the logistics department plays a crucial role in getting products from point A to point B. By establishing clear communication channels and reporting, information can be shared promptly, preventing delays and misunderstandings.

Optimal Sourcing 71

Optimal Sourcing Pricing Training Logistics Network Optimization Software Inventory Reduction 71

Silvon Software

JUNE 1, 2023

KPIs are essential in S&OP as they provide a quantitative framework for gaining visibility, aligning efforts, supporting decision-making, and driving continuous improvement across the business. Use appropriate reporting mechanisms such as dashboards, scorecards, or periodic performance reports.

S&OP 111

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 111

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 87

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 87

Veridian Solutions

AUGUST 21, 2018

The easiest way to move toward an omnichannel strategy lies in following these tips: Re-evaluate inventory-optimization techniques and systems. Consider new ways to reduce shipping costs and risk, such as the new packaging suspension service Amazon is using, reports the Sustainable Packaging Coalition. Make your case to consumers.

Price Reduction 45

Price Reduction Cost Reduction Strategies Inventory Reduction Omnichannel 45

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

OptiProERP

APRIL 9, 2024

Integration with inventory management systems is crucial to accurately confirm product availability and delivery timelines. Continuous improvement initiatives help enhance product quality and customer satisfaction. Order Management Once a quote is accepted, it transitions into an order. OptiProERP was the clear winner.

Optimal Sourcing 52

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

Unleashed

NOVEMBER 26, 2018

Prior to the industrial revolution, inventory control was all but not existent. Or perhaps they wrote down all sales and deducted the transactions from the inventory quantities they presumed they had. Managers could then record inventory stock and sales data. Barcodes for inventory control. Industry 4.0. Industry 4.0

Supply Chain Planning Software 61

Supply Chain Planning Software Inventory Reduction Inventory Management Software Analytics Software 61

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. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 78

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 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

The Logistics of Logistics

MAY 26, 2023

Committed to environmental and social responsibility, ALOM manages the physical supply chain from procurement, inventory management, contract assembly, digital media and print, to omni-channel fulfillment and returns.

Supply Chain Design Software 199

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 199

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. The problem?

Procurement Analytics 370

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

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

OptiProERP

FEBRUARY 8, 2024

The Role of ERP in Manufacturing Enterprise Resource Planning systems are the backbone of modern manufacturing operations, providing comprehensive tools for managing various aspects of the production process, including inventory management , supply chain logistics , production scheduling, and financial reporting.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

Unleashed

JUNE 4, 2024

Purchasing management: Creating and distributing purchase orders, receiving and confirming goods and services, and inventory management. These may include one or more of the following: procurement software, inventory software , accounting software, or an ERP system. Risk appetite: Tolerance for inventory and supply chain risks.

Procurement Solutions 52

Procurement Solutions Manufacturing Procurement Optimal Sourcing Procurement Analytics 52

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. Eliminate waste with lean manufacturing The elimination of waste is key to the lean philosophy.

Manufacturing Procurement 98

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

QAD

FEBRUARY 25, 2020

Many manufacturers now publish separate sustainability reports or incorporate the information in their annual report including Nexteer, Tesla, Ball Corp., The benefits go beyond brand protection and reputation including: Improved operational efficiency with reduced waste and costs.

Waste Reduction 144

Waste Reduction Cost Reduction Strategies Resource Reduction Inventory Reduction 144

Techgistics

APRIL 30, 2023

For example, ML can be used to make autonomous slotting decisions - no more manual processes or dependency on spreadsheets to slot inventory. Scalability A multi-agent orchestration platform should be scalable, allowing you to add or remove agents as needed.

Optimization Software 130

Optimization Software Predictive Analytics Software Optimal Sourcing Warehousing 130

Loop Supply Systems

JULY 21, 2016

Eliminating Your Excess Inventory. Excess inventory is experienced by nearly every manufacturer – and it’s a big problem. Inventory is one of the 7 Lean Mudas (Japanese term for ‘waste’). COST OF EXCESS INVENTORY. Now think about all of your inventory. ROOT CAUSES. Poor safety stock calculations.

Inventory Reduction 40

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 40

EazyStock

NOVEMBER 19, 2020

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on time.

Optimal Sourcing 98

Optimal Sourcing Negotiating Skills Inventory Reduction Purchasing Skills 98

GlobalTranz

MAY 18, 2018

Meanwhile, more companies are turning to entities outside of the company, like third-party logistics or integrators (3PLs and 3PIs) to manage omnichannel supply chains , reports Maarten Baltussen of Supply Chain Digital. In fact, third-party companies already have the first step in the bag, and you need to understand why.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Software Omnichannel Analytics Software 138

GlobalTranz

JULY 13, 2018

The Solution: Minimizing Supply Chain Disruption Requires Analytics The only way to successfully minimize supply chain disruption is through continuous improvement. Continuous improvement can permeate every aspect of supply chain management, ranging from vendor management to reverse logistics. Download White Paper.

Analytics Software 125

Analytics Software Supply Chain Disruption Analytics Inventory Management Software 125

Synovos

AUGUST 21, 2023

The program recognizes the winners’ commitment to continuous improvement in the prevention of accidents at work while examining health and safety management systems, including practices such as leadership and workforce involvement. “RS

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Optimal Sourcing Procurement Solutions 52

EC Sourcing Group

JULY 20, 2023

Simfoni’s procurement technology provides real-time visibility into the entire supply chain, enabling companies to track and monitor suppliers, inventory levels, and deliveries. These analytics-driven insights empower companies to make data-backed decisions, identify trends, and continuously improve their procurement strategies.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Forecasting Software 52

Enterra Insights

APRIL 21, 2021

Systems generate data and produce reports independently, with the result that decisions are made separately, undermining efficiency.”[2] They include: Inventory Optimization. … Through AI-enabled inventory management, OEMs can gain better visibility into their inventory operations. “While Industry 4.0

Analytics Software 130

Analytics Software Big Data Predictive Analytics Price Reduction 130

Logility

OCTOBER 22, 2020

And with dashboard and report management services, you can get your results into action quickly using a system that has been designed for this type of enterprise-scale forecasting business case. Because we work with clients every day who are faced with this challenge, we have developed purpose-built ML software for demand forecasting.

Supply Chain Planning Software 182

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimal Sourcing 182

Supply Chain Matters

JUNE 15, 2023

According to a published report from New Hampshire’s Manchester Union Leader via Yahoo News , plans for the sixth facility call for the construction of a 102,418 square foot combination office and manufacturing facility within Londonderry, New Hampshire , near the Manchester-Boston Regional Airport. billion in sales reported for 2022.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Sourcing Strategies Manufacturing 52