ThroughPut

OCTOBER 16, 2022

Inventory analytics can go a long way in understanding and improving the inventory performance and often done by an inventory manager. This may also impact customer service levels. Not having accurate inventory tracking and reporting to measure tangibles as well as intangibles can impact inventory optimization efforts.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Supply Chain Shaman

JUNE 29, 2014

With the purchase of i2 by JDA, and Logictools by IBM, manufacturing companies serious about network design started looking for a company, with a well-established community, that was more serious about network design. There are seven reasons: Customer Service. Demand and Supply Variability. Value-based Analysis.

Supply Chain Design Software 268

Supply Chain Design Software Supply Chain Design Network Design Software Supply Chain Planning Software 268

GlobalTranz

FEBRUARY 16, 2016

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. In this first part, I will focus on 6 places that you can apply to your organization to reduce costs and increase profit. Try a velocity layout.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

Logistics Bureau

NOVEMBER 16, 2020

You learn the suppliers’ business, you learn the customers’ business. It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Why Choose a Job in the Supply Chain Industry? It’s a constantly-changing, ever-expanding industry.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Supply Chain Shaman

MAY 3, 2015

Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” The supply chain leader manages performance at the intersection of inventory turns, operating margin and customer service. These efforts are not enough.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

RFgen

JUNE 8, 2023

After all, if products are not properly traced, accounted for, and utilized, there are far-reaching effects across the product life cycle, from procurement to delivery. Proper inventory management involves a holistic view of all products with the goal of ensuring a smooth supply chain operation and minimizing costs. That’s a problem.

Inventory Management Software 57

Inventory Management Software Supply Chain Planning Software Optimization Software Demand Planning Software 57

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Supply Chain Opz

NOVEMBER 9, 2014

That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. Keep it Simple : It’s important to not over complicate things.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

GlobalTranz

JUNE 18, 2015

So, many suppliers utilize outside logistics management to ensure customers remain fully satisfied and continue to repeat purchasing. Companies that integrate reverse logistics systems into their logistics systems distinguish themselves from competitors in: effective management of inventory availability and cost.

Reverse Logistics 120

Reverse Logistics Optimization Software Demand Planning Software Supply Chain Network Software 120

ThroughPut

MARCH 25, 2024

This practice has evolved significantly from its historical roots, largely a game of educated guesses, to today’s data-driven approach that harnesses the power of advanced analytics. Demand forecasting is a cornerstone in the modern supply chain, enabling businesses to align their operations with market dynamics and customer needs.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

6 River Systems

DECEMBER 11, 2018

Tips for improving customer experience. Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. Logistics personnel and supplier management pointers.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. This is particularly crucial in international shipping, where customs documentation and compliance with import and export regulations are essential.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Talking Logistics

APRIL 21, 2016

For example, if the solution design determined that better inbound purchase order (PO) management had a higher ROI than renegotiating outbound truckload pricing, then TMS improvement likely makes sense. Regardless of what entity operates which process, robust and frequent reporting to measure success is crucial.

Optimal Sourcing 100

Optimal Sourcing Transportation Purchasing Skills Supply Chain Design Software 100

Logistics Bureau

DECEMBER 20, 2016

Despite the apparent complexities involved in supply chain management, achieving excellence really doesn’t have to be too difficult. In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. Pillar 1: Supply Chain Service Alignment.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

6 River Systems

JUNE 10, 2019

Now it is only a matter of test buying products through unauthorized channels to recognize where the supply chain leakage is coming from. Getting referrals was becoming more out of reach as we couldn’t even acquire or retain customers lest to get referrals. We made our frontline employee the #1 and made the customer the #2.

Sourcing Strategies 88

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 88

Unleashed

SEPTEMBER 30, 2022

ROIC is a widely misunderstood metric. ROIC is a more useful metric in industries with high capital needs, such as those with brick-and-mortar outlets, or major infrastructure requirements. At this level, the company is showing it is investing very wisely and returns are excellent. How does ROIC compare to growth?

Cost Reduction Strategies 98

Cost Reduction Strategies Inventory Reduction Waste Reduction Price Reduction 98

Arena Solutions

AUGUST 4, 2021

This led to the adoption of total quality management (TQM), which served as the basis for quality and operational excellence in the United States. Today, organizations have adopted newer approaches to quality management, such as Six Sigma and lean manufacturing. How to Buy the Right Software. BOM Management. Scalability.

Supply Chain Design Software 59

Supply Chain Design Software Supply Chain Planning Software Modeling Software Demand Planning Software 59

Locus

MARCH 27, 2024

But here’s the kicker for retailers: amidst all this chaos, they’ve got to keep their delivery costs lean without compromising on giving customers a smooth and enjoyable experience. This seamless blend of shopping experiences does more than just boost customer satisfaction; it cleverly distributes the delivery load.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Inventory Reduction Resource Reduction 52

Logistics Bureau

OCTOBER 11, 2021

But shortages are anathema , because it’s too easy for your customers to buy from competitors if you can’t fulfil their needs—and once customers defect, you might never get them back. For example, have you been using Excel spreadsheets or similar for your planning and forecasting? Right-Sizing Safety Stock.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Material Savings Negotiating Skills Inventory Reduction 52

Logistics Bureau

JULY 11, 2018

Goodbye Lean, Hello Agile. Streamlining, rationalising and reengineering all have their place in supply chains, but too much leanness leads to brittleness and sclerosis. Streamlining, rationalising and reengineering all have their place in supply chains, but too much leanness leads to brittleness and sclerosis.

Agile and Lean Supply Chain 85

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Software Trends 85