Supply Chain Game Changer

MARCH 14, 2022

If you’re looking to start or improve your career in the field of supply chain management courses, you might be wondering where to start. Supply Chain Management Courses. It’s hard to nail down just five of the best Supply Chain Management courses online because there are so many great options. Supply Chain Logistics.

Course 115

Course Supply Chain Planning Software Agile and Lean Supply Chain Vendor Strategies 115

Logistics Viewpoints

APRIL 10, 2023

Or, alternatively, a company carries too much inventory, storage for excess inventory must be purchased, and cash flows become tight. Many Franklin Sports products carry official sports logos – Major League Baseball, NHL, NFL, Major League Soccer logos, and of course USAPA. Jennings’ name. When she joined, Ms.

Security 201

Security Supply Chain Planning Jordan Forecasting 201

Supply Chain Shaman

APRIL 19, 2021

The Process of Software Selection. As the director of planning, Joe is involved in a multi-year process to select a new planning solution. “We are considering the purchase of Blue Yonder, Logility, Kinaxis, o9, or OMP. The solutions are very different. Buying planning software is a lot like buying a car.

Supply Chain Planning Software 195

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 195

EazyStock

MARCH 22, 2022

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. Consequences of poor demand forecasting. Use appropriate historical data.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

EC Sourcing Group

NOVEMBER 17, 2020

The importance of using supply chain management software is notable because of the importance of the supply chain itself. Read on to learn more about types of supply chain management software and how to pick the best type for your company’s needs. . Thus, you’ll see a lot of: eSourcing tools. Automated tools.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

BlueYonder

JULY 15, 2021

When I’m considering whether to risk cleaning my bike after a ride, I rely on a weather forecast that may or may not materialise. I don’t question whether the forecast is right, I accept that it is uncertain; sometimes it rains, sometimes it doesn’t. Planning inventory relies on an accurate demand forecast.

Forecasting 56

Forecasting Forecasting Software Supply and Demand Modeling 56

EazyStock

DECEMBER 13, 2020

Did you have frequent stock-outs after adjusting your forecast? Uncertainty is all but guaranteed in 2021 – the best course of action is to mitigate whatever risks you can. Optimize Inventory. Start with a detailed overview of what inventory is currently in your supply chain. Improve Demand Forecasting.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Inventory Management Software Resource Reduction 98

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Logistics Viewpoints

MAY 19, 2022

Technical innovations can also impact supply chains, which is why many turn to supply chain planning solutions, which are designed to be trade-off machines. Work planners previously did manually can be calculated by software. But advances in this area have two limitations – the software itself and our ever-changing world.

Optimal Sourcing 232

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 232

Logistics Viewpoints

OCTOBER 19, 2023

Even worse, I work for a company who makes solutions to help companies solve these kinds of problems, which I listen, speak and write about for a living! The issue wasn’t poor planning – they had the inventory. Events and disruptions are par for the course in supply chain, so we need tactics to kick in for problem resolution.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 228

Logility

MARCH 13, 2020

With the flood of data available to businesses regarding their supply chain these days, companies are turning to analytics solutions to extract meaning from the huge volumes of data to help improve decision making. Companies use these statistics to forecast what might happen in the future.

Prescriptive Analytics Software 210

Prescriptive Analytics Software Predictive Analytics Procurement Analytics Analytics Software 210

SYSPRO Smarter ERP

JANUARY 22, 2024

Material Requirements Planning for a modern manufacturing environment Material Requirements Planning (MRP) is software that helps companies estimate the required quantities of raw materials, maintain inventory levels, and ensure manufacturing has all the items needed to make products to satisfy demand.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Solutions Manufacturing 52

Clear Spider

OCTOBER 26, 2022

For many of these successful companies, a Vendor Managed Inventory (VMI) system is the secret to their enviable growth. Of course, without the right tools, this is no simple task. To break it down, efficient supply chain and inventory management practices should do two things: minimize inventory costs and maximize profits.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 52

Precoro

NOVEMBER 7, 2022

Of course not! In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. What is Direct Procurement? Thus, these materials would be categorized under direct procurement.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Unleashed

OCTOBER 19, 2018

Since there are so many steps in the modern supply chain, it’s important to order the right amount of inventory stock for your business. Demand forecasting can support your decision-making process when deciding how much inventory stock is necessary. What is demand forecasting? Historical sales data. Supplier data.

Forecasting 40

Forecasting Forecasting Software Demand Planning Software Supply and Demand 40

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. This includes optimizing storage space, implementing proper inventory control systems, and ensuring the safety and security of goods.

Optimal Sourcing 71

Optimal Sourcing Pricing Training Logistics Network Optimization Software Inventory Reduction 71

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 73

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 73

QAD

MARCH 30, 2023

As I discussed in a recent article in RFID Journal , RFID technology has changed a lot since 2005 and could be the secret to ensuring greater visibility and inventory accuracy this year. and bring inventory accuracy up to an impressive 99.9%. What is RFID Technology? RFID tags can reduce out of stocks by up to 80.3%

Manufacturing Procurement 88

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 88

ThroughPut

FEBRUARY 2, 2024

This technology sifts through complex data to forecast potential disruptions and market trends, allowing companies to plan ahead instead of reacting in the moment. Clear Demand Forecasting Without Advanced Analytics: It’s hard to predict what customers will want. is advanced supply chain analytics.

Prescriptive Analytics Software 52

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

Ware2Go

OCTOBER 22, 2021

Learn how to mitigate and avoid dead stock through strategic warehousing and inventory management to lower fixed costs, combat supply chain disruptions, and overcome current peak season challenges. Excess inventory is often caused by supply exceeding demand, resulting in slow-moving inventory that can incur expensive holding costs.

Inventory Reduction 98

Inventory Reduction Negotiating Skills Cost Reduction Strategies Inventory Management Software 98

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. And the effect of inaccurate demand forecasting is felt across the supply chain. Inventory pile-ups.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Unleashed

MARCH 20, 2019

In today’s marketplace, business owners aren’t operating with one channel to sell their inventory. This means they need an inventory management system to keep up with them. However, there are a few common mistakes that happen when you’re trying to manage eCommerce inventory. Poor inventory forecasting.

Inventory Management Software 69

Inventory Management Software Inventory Management Forecasting Software Supply Chain Planning Software 69

Logility

JULY 4, 2018

Of course there was always the abundance of kid friendly foods like hot dogs, hamburgers, popsicles, watermelon (and the ensuing watermelon seed spitting distance contest), salty chips of all kinds, and lots of sugary drinks. Procurement and manufacturing plans need to be created and executed based on these forecasts.

Optimal Sourcing 102

Optimal Sourcing Modeling Supply Chain Planning Software Supply Chain Optimization 102

Logility

JULY 3, 2018

Of course there was always the abundance of kid friendly foods like hot dogs, hamburgers, popsicles, watermelon (and the ensuing watermelon seed spitting distance contest), salty chips of all kinds, and lots of sugary drinks. Procurement and manufacturing plans need to be created and executed based on these forecasts.

Optimal Sourcing 100

Optimal Sourcing Modeling Supply Chain Planning Software Supply Chain Optimization 100

SCMDOJO

JUNE 6, 2023

Demand Forecasting & Planning Understanding data analytics is relevant as we continue to herald in the nouveau era of tech-powered automation and optimization. Moving along, data analytics helps with effective demand forecasting and planning. This helps them optimize inventory levels and avoid overstocking or understocking.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

Supply Chain Shaman

OCTOBER 8, 2019

Over the course of the last two weeks, I find myself sitting in CFO offices attempting to explain how financial leadership can drive supply chain improvement. The budget is not sufficient and is often a detrimental input for supply chain forecasting. Why Is the Financial Forecast Not a Good Proxy for a Supply Chain Forecast?

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

ToolsGroup

SEPTEMBER 22, 2020

Surveys have shown that consumers are 71% more likely to make a purchase based on social media referrals, and 47% of millennials’ purchases are influenced by social media1. Of course, today’s hot item can change on a dime. Given these staggering statistics, what are demand forecasters to do? retail stores.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

Precoro

APRIL 18, 2023

On the other hand, a software development company wouldn’t need to purchase raw materials but rather goods – such as hardware – and services, like software subscriptions. Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

SCMDOJO

NOVEMBER 17, 2023

We enable them by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Access the full course here! It is the era of digitalization.

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 73

Logility

JANUARY 16, 2018

Sometimes demand planners focus too much on forecast accuracy and miss seeing the forest for the trees. I was guilty of this from time to time when I led a demand-planning group because we were evaluated on forecast accuracy as one of our key metrics. This sounds a lot like the definition for demand planning to me.

Supply and Demand 102

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software 102

Eyvo

JANUARY 15, 2019

There is no shortage of predictions from procurement experts and companies. Anyone can purchase products and services so procurement, as a department, has the challenge of showing value in every aspect of their existence. The race for procuring, pun intended, the best talent has been challenging. Technology.

Procurement Solutions 49

Procurement Solutions Optimal Sourcing Procurement Analytics Supply Chain Planning Software 49

EazyStock

JUNE 25, 2018

Inventory management. Automated inventory management is nothing new to huge, enterprise-sized companies. However, small- and mid-sized businesses have only recently been investing in this new automation for their inventory management – and many SMBs are still hesitant about investing in this new technology. The most surprising?

Inventory Management Software 66

Inventory Management Software Supply Chain Software Inventory Management Supply Chain Planning Software 66

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Learn more: Inventory Accounting – A Free Video Guide for Accountants & Advisors What is Days Sales of Inventory (DSI)? It’s also known as Days Sales in Inventory and Average Age of Inventory.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Enterra Insights

JANUARY 9, 2023

Jocz noted, “Purchases depend on consumers’ having disposable income, feeling confident about their future, trusting in business and the economy, and embracing lifestyles and values that encourage consumption. … During recessions, of course, consumers set stricter priorities and reduce their spending.”[1]. ”[1].

Trends 130

Trends Retail Predictive Analytics Software Omnichannel 130

DynaSys

FEBRUARY 17, 2021

If automotive supply chain actors have learned one thing over the course of the past year, it is that they must rapidly respond and plan for disruptions to their supply chains. Therefore searching for new approaches and new tools in order to deal with disruption in the automotive industry is absolutely necessary.

Manufacturing Procurement 98

Manufacturing Procurement Automotive Supply Chain Planning Software Manufacturing 98

Logility

JULY 20, 2023

Good forecasting leads to good demand planning —and good demand planning means better profitability. That’s why it’s essential to be sure you’re equipping your organization with the right demand planning software. To find the best solution for your business, you need the “what” and the “why”. What is demand planning software?

Supply and Demand 187

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 187

Unleashed

NOVEMBER 15, 2021

Mass customisation is also known as: Made-to-order Built-to-order Increasingly popular in the retail goods sector – but also used in the automotive, software and finance sectors – mass customisation allows customers to purchase a product that is more ‘them’. What about mass customisation in software?

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Forecasting Software 98