Supply Chain Game Changer

MARCH 26, 2020

Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Use ABC Analysis to Categorize Your Inventory. The use of ABC analysis to categorize inventory is not a new concept.

Inventory Management Software 124

Inventory Management Software Inventory Management Inventory Reduction Inventory 124

Supply Chain Shaman

FEBRUARY 26, 2024

Over the next five weeks, seventy business/technology and consulting leaders will complete the course. Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

RFgen

MAY 19, 2020

Food and beverage companies face inventory challenges from public scrutiny over food safety and granular government oversight. From the rising popularity of “meatless” products to an increased focus on sustainable packaging, consumers continue to drive trends throughout the food and beverage industry. Food habits are changing.

Real-time Visibility 55

Real-time Visibility Beverage Food Inventory Reduction 55

Unleashed

DECEMBER 14, 2021

Whether you’re planning on purchasing products from a food wholesaler, or thinking about moving into food wholesaling yourself, this overview of the industry – and what its future holds – is for you. How big is the food wholesaling industry in the UK? billion deal to become an industry behemoth.

Food 98

Food Purchasing Skills Distribution Price Reduction 98

Logistics Viewpoints

APRIL 22, 2024

But for that to occur, all of the dominos must fall into place: the product must be available to promise, there needs to be enough shipping capacity, and there needs to be an understanding of how inventory will be moved between mills and distribution centers. provided solutions for the financial industry.

Georgia 225

Georgia Optimal Sourcing Modeling Modeling Software 225

Supply Chain Shaman

JANUARY 8, 2024

An analysis of improvement, performance, and value of over 500 public companies in 28 industries over a decade. (I However, writing it is a great time to get into industry patterns and think. ” Compare the results to the industry trends. Look at the industry decline in Figure B. I posted my working summary.)

Supply Chain Design Software 239

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 239

RFgen

MAY 19, 2020

Food and beverage companies face inventory challenges from public scrutiny over food safety and granular government oversight. From the rising popularity of “meatless” products to an increased focus on sustainable packaging, consumers continue to drive trends throughout the food and beverage industry. Food habits are changing.

Real-time Visibility 52

Real-time Visibility Beverage Food Inventory Reduction 52

DELMIA Quintiq

SEPTEMBER 14, 2015

When I worked with the healthcare industry in the US in the mid-90s, we talked about the US Healthcare sector being the sixth largest economy in the world! The information systems currently in use are brilliant at scheduling resources used in hospitals — patients, beds, nurses, physicians, specialists, inventory.

Supply Chain Planning Software 120

Supply Chain Planning Software Course Supply Chain Optimization Supply Chain Software 120

RFgen

SEPTEMBER 29, 2022

Supply chain professionals from diverse industries shared their current inventory management efforts, challenges, and future plans in our newly released annual Digital Inventory Report. Why Inventory Management Should Be Digital and Automated. Survey Results: The State of Inventory Management. Who We Surveyed.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Demand Planning Software Modeling Software 52

Supply Chain Shaman

FEBRUARY 1, 2024

I will share insights as we go along) The Word Salad Shuffle In the industry, I feel that there is a lot of word salad–consultants and technologists spinning words with little meaning to drive leads. Over the course of the last decade, his story is the same. Rolling up a perpetual inventory signal takes eleven hours.

Supply Chain Planning Software 333

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 333

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 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

Supply Chain Shaman

OCTOBER 11, 2012

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory? I want to believe.

Inventory Reduction 246

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 246

Supply Chain Shaman

DECEMBER 15, 2015

To help, in this blog post I share industry trends. For the discrete industries we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee, and SG&A ratio for the periods of 2006-2014 and 2011-2014. All industries are in decline. Inventory Turns.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

Supply Chain Shaman

DECEMBER 15, 2015

To help, in this blog post, I share industry trends. For the discrete industries, we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee and SG&A ratio for the periods of 2006-2014 and 2011-2014. All industries are in decline. Inventory Turns.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

Talking Logistics

SEPTEMBER 24, 2018

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: Top 5 Inventory Insights ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada.

Real-time Visibility 128

Real-time Visibility Optimal Sourcing Inventory Logistics Network Optimization Software 128

EazyStock

DECEMBER 13, 2020

The pandemic has impacted industries differently across the board. While some businesses and entire industries like hospitality and travel have been shutting down, others like consumer staples, technology and safety products/PPE are thriving like never before. Optimize Inventory. What were your biggest challenges in 2020?

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Inventory Management Software Resource Reduction 98

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

ToolsGroup

OCTOBER 14, 2020

All these scenarios of course create huge demand fluctuations companies need to deal with that differ completely from their historical demand forecasts. Of course, demand forecasts are the biggest concern people have. Inventory (and therefore customer service level attainment) has faced unprecedented stress this year.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 296

Logility

AUGUST 28, 2018

Of course people like me, who stretch the limits on the useful life of a product, tend to throw outliers into the data. Below are four of the main supply chain threats faced by the Durable Goods Industry and how to combat them to stay competitive. . Expanding Consumer Product Preferences and Resulting Explosion in Inventory.

Supply Chain Planning Software 100

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Design Software 100

Enterra Insights

APRIL 2, 2024

Of course, such thinking is simply justification for theft — and theft is a huge problem. ”[3] All retailers, not just grocers, are suffering from inventory losses. Despite the cost to install them, many retailers are reversing course on the tech. ”[6] The decision, of course, is all about profitability.

Security 246

Security Inventory Reduction Cost Reduction Strategies Procurement Analytics 246

Logistics Viewpoints

JANUARY 22, 2024

The detentions have occurred across a variety of industries. But electronics; industrial and manufactured; and apparel, footwear, and textiles make up the bulk of products detained. A customer can of course buy goods in a store. Historically, an OOM has access to all the company’s inventory.

Supply Chain Optimization 233

Supply Chain Optimization Modeling Supply Chain Software Optimization Software 233

DynaSys

FEBRUARY 17, 2021

Whether it was through imposed tariffs, Brexit, or electric car success, the automotive industry felt its impacts acutely. 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.

Manufacturing Procurement 98

Manufacturing Procurement Automotive Supply Chain Planning Software Manufacturing 98

Unleashed

SEPTEMBER 7, 2021

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. Hence, some companies will find corded barcode scanners to be all they need, where other companies require wireless scanners to support their online inventory management.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Reduction Inventory 96

Unleashed

FEBRUARY 9, 2021

The way we eat, technology, people’s expectations — the knock-on effect of this is revolutionising much of the food industry, from the ingredients we buy to the food manufacturing software we use. People need to eat, and that’s made food processing an essential industry around the world despite the pandemic.

Food 94

Food Manufacturing Procurement Supply Chain Software Trends 94

Logility

AUGUST 28, 2018

Of course people like me, who stretch the limits on the useful life of a product, tend to throw outliers into the data. Below are four of the main supply chain threats faced by the Durable Goods Industry and how to combat them to stay competitive. Expanding Consumer Product Preferences and Resulting Explosion in Inventory.

Supply Chain Planning Software 100

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Design Software 100

Clear Spider

OCTOBER 26, 2022

What sets industry leaders apart from other businesses? 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. Why Vendor Managed Inventory? Mutual Advantages of Vendor Managed Inventory.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 52

Supply Chain Matters

JANUARY 6, 2023

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares select individual prediction snapshots that are included in our Annual 2023 Predictions for Industry and Global Supply Chains Research Advisory publishing later this month. Let’s begin with the sharing of excerpts from our first prediction.

Predictive Analytics Software 98

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 98

Talking Logistics

OCTOBER 15, 2018

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.

Inventory Management Software 101

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 101

RFgen

JULY 14, 2023

If you are one of the many organizations that use an ERP platform for inventory control, then you already know how powerful this technology can be. This article will walk you through the key stages of implementing a new mobile inventory management system (IMS). Implementing new software is no cakewalk. Let’s dive in!

Inventory Management Software 75

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Inventory Management 75

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

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

Logistics Viewpoints

SEPTEMBER 25, 2023

I’m a supply chain industry analyst, so naturally my takeaways are influenced by my coverage area. This year, Mr. Ellison spun a vision of how the global agricultural industry’s value chain could be reconstructed to improve the quality of food while making the industry much more sustainable. Oracle CloudWorld happened last week.

Supply Chain Software 218

Supply Chain Software Logistics Network Optimization Software Supply Chain Network Software Vendor Strategies 218

Logistics Viewpoints

APRIL 27, 2023

industrial handhelds, and mobile units you have and what your operations will need. Analyze potential gains – WMS spending makes sense when you consider that an implementation can save your organization between 15% and 25% in inventory, provide almost 100% inventory accuracy, and reduce labor costs between 20% and 30%.

Supply Chain Planning Software 203

Supply Chain Planning Software Modeling Software Logistics Network Optimization Software Supply Chain Software 203

The Logistics of Logistics

MAY 27, 2019

01:54] What will the 3PL industry look like in 2025? 12:30] Tell us about some of the trends you think are going to impact the industry over the next five years. Historically, a lot of the industry hasn’t embraced technology. Consolidation will be one of the ways the upper half of the 3PL industry will better compete.

3PL 124

3PL Supply Chain Planning Software Logistics Network Optimization Software Demand Planning Software 124

Supply Chain Matters

JULY 19, 2023

Generally muted global product demand levels and inventory overhang have not helped to spur growth of the country’s manufacturing sector. Industry Supply Chain Implications As our Supply Chain Matters commentaries have highlighted over the past three years, increased trade and other geo-political tensions among the U.S.

China 52

China Manufacturing Procurement Supply Chain Strategy Cost Reduction Strategies 52

GlobalTranz

MAY 5, 2016

The studies of science, technology, engineering and math (STEM) have shaped the logistics industry into what it is today. This includes supercomputers and 3D printing machines, which help solve current roadblocks in the logistics industry. STEM is the backbone of the logistics industry for supply chain managers. With over 1.1

Education 120

Education Logistics Network Optimization Software Industrial Industry 120

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