The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Inspired by McKinsey’s 2020 consultancy report, which emphasizes transforming supply chains rather than temporary fixes, we believe a comprehensive approach to reskilling supply chain professionals is essential to meet future demands. While striving to keep costs low, it also aims to meet customer expectations efficiently.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Ware2Go

APRIL 13, 2023

On demand warehousing is challenging the traditional models of 3PL and in-house fulfillment solutions. Learn how you can free up working capital and grow your business with an on demand warehousing partner. What Is On Demand Warehousing? How Does On-Demand Warehousing Work? Watch LS2’s full story here.

Warehousing 52

Warehousing Negotiating Skills Modeling Demand Planning Software 52

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

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

SCMDOJO

NOVEMBER 29, 2023

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow.

Inventory Reduction 88

Inventory Reduction Material Savings Resource Reduction Inventory Management Software 88

crisp

APRIL 25, 2024

Here’s a look at some of the takeaways from recent CPG earnings discussions, the headwinds and tailwinds brands are experiencing, and strategies for staying on course in 2024. What are CPG executives reporting on the sustainability front? Jeff Harmening, CEO General Mills Where does sustainability fit in?

Demand Planning Software 52

Demand Planning Software Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 52

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. These are the 10 most crucial metrics for SMEs – so you can get started on reducing inefficiencies and cutting costs. Explore our live inventory calculators and formulas page. In this article on inventory performance measures.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Management Software 74

Inventory Management Software Inventory Reduction Inventory Management Inventory 74

Logistics Viewpoints

FEBRUARY 28, 2023

It is making use of inventory that is the easiest/fastest to get to the customer, no matter through which channel the order was placed. Numerous supply chain disruptions affected the ability to get inventory in time – or at all – and now that the backlog caught up, many organizations are experiencing a surplus of inventory.

Optimal Sourcing 196

Optimal Sourcing Sourcing Strategies Inventory Reduction Vendor Strategies 196

SCMDOJO

NOVEMBER 2, 2023

Services Matias Offer on SCMDOJO Logistics Consulting Maritime Freight Sourcing and Procurement Logistics Technology Sourcing Executive Mentoring Guide: Matias, our supply chain consultant, has also created Maritime Freight Sourcing and Procurement Guide , which is available from SCMDOJO Academy.

Supply Chain Design Software 59

Supply Chain Design Software Negotiating Skills Optimal Sourcing Supply Chain Planning Software 59

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. Simply put, if a business lets inventory sit idle for too long, they risk inventory obsolescence. What Is Dead Stock?

Inventory Reduction 98

Inventory Reduction Negotiating Skills Cost Reduction Strategies Inventory Management Software 98

Logistics Viewpoints

OCTOBER 19, 2023

The issue wasn’t poor planning – they had the inventory. Multiple calls only muddied the waters, but a few things became clear: inventory was in the warehouse, but my order for it was stuck. 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 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

Logistics Bureau

MARCH 14, 2018

To say there is any one single way in which to manage a warehouse would be folly—much depends on the nature of the supply chain and of the warehouse itself. Conversely, of course, this also means there are a number of ways in which companies can get it wrong. 1: Holding Excess Inventory. 3: Clinging on to Paper Processes.

Warehousing 77

Warehousing Inventory Reduction Cost Reduction Strategies Expense Reduction 77

Unleashed

DECEMBER 28, 2021

One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. Read more: What is Inventory Management? In this article we outline the 15 best methods you can use to reduce inventory: Why do businesses reduce inventory?

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

Logistics Bureau

DECEMBER 20, 2021

As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. You will also understand their notable benefits to the inventory management discipline. 10 Invaluable KPIs to Track Inventory Management Performance. 1: Inventory Turns. 1: Inventory Turns.

Inventory Reduction 76

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 76

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. As such, optimally managing your sales and inventory at Kroger is essential to grow your brand and solidify its foothold with the end consumer.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

RFgen

SEPTEMBER 7, 2018

Enterprises in the retail space can make headway here by implementing an out-of-the-box inventory methodology that transforms storefronts into miniature fulfillment centers. This is, of course, easier said than done. Shops and warehouses have, in the past, housed connected yet disparate workflows critical to supply chain continuity.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Resource Reduction Inventory Management 52

RFgen

SEPTEMBER 7, 2018

Enterprises in the retail space can make headway here by implementing an out-of-the-box inventory methodology that transforms storefronts into miniature fulfillment centers. This is, of course, easier said than done. Shops and warehouses have, in the past, housed connected yet disparate workflows critical to supply chain continuity.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Resource Reduction Inventory Management 52

The Logistics & Supply Chain Management Society

MARCH 22, 2022

For example, the One Network platform for supply chain planning and execution is used by the Ministries of Health in Nigeria, Ghana, and Rwanda, providing comprehensive inventory visibility across all health facilities for real time supply demand matching and collaborative decision making. End-to-End and Real-Time Logistics.

Supply Chain Planning Software 245

Supply Chain Planning Software Prescriptive Analytics Software Real-time Visibility Optimal Sourcing 245

Enterra Insights

APRIL 4, 2024

She explains, “Depending on which statistics you follow, consumers return something like a fifth of all purchases these days. The Returns Challenge Journalist Liz Young reports, “The National Retail Federation estimates more than $100 billion in merchandise was returned fraudulently in the U.S. That amounted to about 13.7%

Price Reduction 100

Price Reduction Supply Chain Strategy Cost Reduction Strategies Inventory Reduction 100

GlobalTranz

APRIL 6, 2021

But the rapid shift from retail to online purchasing for staples and the surge for protective equipment, as well as unanticipated products like bread makers and home-schooling items, left many retailers flatfooted. The demand caught off-guard those retailers and suppliers who relied on just-in-time inventory practices. Overall, U.S.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

Enterra Insights

APRIL 30, 2019

The impact of e-commerce and the consumer digital path to purchase has been significant. ”[1] Empty malls and struggling brick-and-mortar retailers also bear stark witness to the impact of the digital path to purchase. … Shoppers now purchase more online, making fewer trips to stores and seeing fewer in-store promotions.”[2].

Manufacturing Procurement 100

Manufacturing Procurement Purchasing Skills Procurement Solutions Procurement Analytics 100

Logistics Viewpoints

FEBRUARY 8, 2022

As physical stores opened, shut down and re-opened again, consumers became more flexible in the way they shop for, and purchase, just about every product. If 2020 and if 2021 proved anything, it’s that the omni-channel selling environment is here to stay. Transportation: Moving to a Digital Environment.

Logistics Network Optimization Software 187

Logistics Network Optimization Software Optimal Sourcing Supply Chain Planning Software Modeling 187

EMERGE App

FEBRUARY 23, 2020

What is Inventory Forecasting? Wait, what has this got to do with inventory forecasting? The Goldilocks Principle of having something that is not too hot and not too cold has been used for everything from the search for habitable Earth-like planets to inventory management, and of course, the perfect porridge temperature.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Inventory 98

Clear Spider

OCTOBER 26, 2022

For many of these successful companies, a Vendor Managed Inventory (VMI) system is the secret to their enviable growth. If you want to drive sustainable growth for your business, you have to achieve the right balance of cost reduction and fulfillment flexibility. Of course, without the right tools, this is no simple task.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 52

Unleashed

NOVEMBER 29, 2021

Manufacturers and brick-and-mortar retailers have been using software to manage their inventory for years – but inventory management is even more important when you’re running a business that operates in the complex eCommerce space. Learn more: Guide to Effective Multichannel Selling What is eCommerce inventory management?

Inventory Management Software 98

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

FLEXE

JULY 8, 2016

This is the first report in a quarterly series that will highlight trends and insights in the dynamic warehousing market. It marks the first time dynamic warehousing has been analyzed in detail and serves. to establish benchmarks for future reports and analyses. 18 to 24 months. Marketplace Pricing for Pallet Storage.

Warehousing 37

Warehousing Procurement Analytics Purchasing Skills Price Reduction 37

Logistics Viewpoints

OCTOBER 7, 2022

Earlier this week, I read a sobering report from the national Retail Federation (NRF) regarding shrink. For those unaware of the term, shrink is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. Most reported in-store, e-commerce, and omni-channel fraud are all on the rise.

Logistics Network Optimization Software 185

Logistics Network Optimization Software Real Estate New York Logistics 185

Logistics Viewpoints

JULY 14, 2023

And now on to this week’s logistics news: Amazon’s record-breaking Prime Day Resilinc Releases list of top supply chain disruptions for H1 2023 Department of Labor announces warehouse workplace hazard prevention program China’s exports record biggest decline in more than 3 years Union, employer reach tentative 4-year deal to end B.C.

Vermont 191

Vermont Logistics Purchasing Skills Warehousing 191

Logistics Bureau

OCTOBER 10, 2022

Too much inventory in your distribution network? Inventory costs too high? These are all pervasive issues for supply chain operators worldwide—and are classic symptoms of suboptimal inventory performance. But what exactly does inventory optimisation mean, and what obstacles must first be broken down to achieve it?

Modeling 95

Modeling Inventory Reduction Network Optimization Supply Chain Optimization 95

Logistics Bureau

NOVEMBER 15, 2021

Is your business one that operates distribution centres and other warehouse facilities to maintain control of inventory? If so, you’re probably engaged in the eternal search to make warehouse processes faster, easier, less expensive, and safer. What Can KPIs Do for My Warehouse Operations? 1) Speed up the Warehouse.

Warehousing 52

Warehousing KPI Inventory Reduction Expense Reduction 52

Veridian Solutions

OCTOBER 28, 2019

As explained by Stevie Hay of Inbound Logistics , supply chain leaders need an effective strategy to succeed in peak season, and warehouse analytics may be the ideal solution. Warehouse Analytics Enable Better Planning. Advanced warehouse analytics support all functions from replenishment through facility management.

Analytics Software 40

Analytics Software Procurement Analytics Supply Chain Planning Software Analytics 40

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. can be measured to define this metric. Warehousing KPIs. It is also important for accurately measuring some financial KPIs. Outbound KPIs.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

Veridian Solutions

JULY 15, 2019

Take a moment to think about advanced warehouse management. Would you define it as knowing your current inventory cycle times, worker to order ratios, or the use of technology ? The chances are good that each of those characteristics is part of advanced warehouse management.

Analytics Software 45

Analytics Software Procurement Analytics Predictive Analytics Analytics 45

FLEXE

JUNE 15, 2016

This is the first report in a quarterly series that will highlight trends and insights in the dynamic warehousing market. It marks the first time dynamic warehousing has been analyzed in detail and serves to establish benchmarks for future reports and analyses. Inbound/outbound activity within dynamic warehouse locations.

Warehousing 28

Warehousing Procurement Analytics Report Logistics Network Optimization Software 28