SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand.

Inventory Reduction 90

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 90

ToolsGroup

JUNE 17, 2021

Right-sizing inventory. Avoiding inventory overages and shortages begins with a better forecast, but also requires a smarter inventory strategy. Differentiated customer service classes enable alignment of order fill rate targets by groups to the organization’s go-to market strategy.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

Inventory Management Software 122

Inventory Management Software Inventory Management Inventory Reduction Sourcing Strategies 122

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? Amazon did not invent the random storage approach.

Inventory Reduction 72

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

Logistics Viewpoints

APRIL 29, 2024

Ferguson provides plumbing and heating products to 9 specialist customer groups – over a million customers – in the US and Canada. The company sources goods from 36,000 suppliers out of 30 nations. Michael Jacobs “Well, the last time we spoke, we had just begun our journey with our market distribution center (MDC) strategy.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Optimization 170

GlobalTranz

APRIL 20, 2021

A supply chain built for resiliency allows a company to adapt to unpredictable forces while maintaining customer service. A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. Tips For Building Supply Chain Resiliency.

Supply Chain Planning Software 288

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design Software Sourcing Strategies 288

Supply Chain Shaman

FEBRUARY 26, 2024

The company aligns channel requirements with available donors and successfully drives bi-directional orchestration programs to manage the reverse bill of materials (red cells and plasma) and demand-shaping campaigns to drive the right donors to the blood drives based on inventory levels. Analyze inventory health.

Modeling 209

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 209

Logility

APRIL 17, 2023

of supply chain managers using Excel spreadsheets to manage your inventory and supply chain, it’s time to make a change. Monetizing Customer Service Needs with Connected Products Connected products offer an opportunity to monetize customer service needs — a crucial aspect of modern manufacturing.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Supply Chain Software 130

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. This includes Slow and Obsolete Inventory (SLOB), returns, quality issues, and expired product.

S&OP 339

S&OP Supply and Demand Forecasting Supply Chain Design Software 339

SCMDOJO

APRIL 29, 2024

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

Supply Chain Planning Software 54

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 54

Talking Logistics

SEPTEMBER 4, 2018

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. For Logistics the focus is on high inventory turns. For Management: a balancing strategy, etc…. Inventory Management: There’s No One-Size-Fits-All Approach.

Inventory Reduction 119

Inventory Reduction Inventory Management Software Logistics Network Optimization Software Inventory Management 119

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. This avoids duplication of efforts and ensures a smooth flow of goods and services.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Logistics Viewpoints

MARCH 25, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.

Supply Chain Planning Software 309

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 309

ToolsGroup

MAY 16, 2023

These often included: Collaborating more effectively with suppliers: More organizations are embracing a more holistic supply chain strategy by knowledge-sharing with suppliers to align on lead times, forecasts, and buying projections. Fortunately, “service-driven planning” is already a proven theory. We have made it simple.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

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. Efficient order fulfilment is also crucial for customer satisfaction and retention. When these processes are aligned, customer satisfaction improves.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

The Network Effect

OCTOBER 31, 2014

Today I want to talk about some of the processes and management strategies that can be used to help a supply chain on the journey from ‘good’ to ‘great’ To read more about this subject and related themes, I suggest you read the new whitepaper, Supply Chain’s New World Order” , Visibility and Measurement.

Sourcing Strategies 204

Sourcing Strategies Price Reduction Inventory Reduction Cost Reduction Strategies 204

ShipBob

AUGUST 3, 2021

An agile supply chain must also be able to react quickly to changes, delays, and unexpected events to maintain customer expectations, stay competitive, and grow their business. Some examples of how to meet customer demand and stay agile include: Storing inventory in several distribution centers. Inventory management.

Agile and Lean Supply Chain 119

Agile and Lean Supply Chain Sourcing Strategies Inventory Reduction Material Savings 119

Enterra Insights

JUNE 25, 2019

For the last few years, inventory shrinkage has annually cost U.S. ” Regardless of how inventory is lost, shrinkage costs retailers a lot of money. To reduce shrinkage, retailers need to have a strategy to address each of the ways inventory can be lost. Inventory shrinkage strategies. ”[3].

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Inventory Vendor Strategies 100

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Ensuring that any approach is fully compliant in order to avoid having to relocate production or supply sources often takes up a lot of internal resources. Product strategies. Operational strategies. Many companies buy forward inventory ahead of tariffs being implemented. Supplier strategies. Reclassification.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Silvon Software

APRIL 18, 2023

What’s really needed, though, is a cohesive measurement strategy that identifies goals, defines a portfolio of metrics to achieve them, and outlines an implementation plan to make it part of your ongoing business process. Consider the example of inventory: The CFO wants to see total inventory as a percentage of revenue.

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

Supply Chain Shaman

SEPTEMBER 27, 2021

As a result, most projects are not clear in scope, with the implementation of visibility as a “functional extension to existing process” lacking a holistic outside-in approach/strategy to sense, respond, and act. Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. Reflection.

Supply Chain Planning Software 339

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 339

USC Consulting Group

APRIL 1, 2020

Sales, Inventory & Operations Planning (SIOP) is a dynamic process in which the company’s operating plan is updated on a regular monthly or more frequent basis. Another contribution of Sales, Inventory & Operations Planning is that it enables the company to fine-tune its long-range strategic plan and annual business plan.

Inventory Reduction 75

Inventory Reduction Resource Reduction Supply Chain Planning Software Material Savings 75

Supply Chain Shaman

AUGUST 7, 2019

When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. Analyze Past Results in Customer Service. We draw a timeline on a conference room wall and using customer shipment and compliance data, we plot the issues with customer service and product outages.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 252

Supply Chain Shaman

MARCH 9, 2020

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

Supply Chain Design Software 312

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 312

Unleashed

MARCH 15, 2019

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Inventory control strategies. Get automated. Get tracing.

Inventory Reduction 69

Inventory Reduction Inventory Waste Reduction Optimal Sourcing 69

Logility

MAY 26, 2022

25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain. The bullwhip effect creates a demand-constrained supply chain marked by excess inventory, production planning problems, and even adversely affects customer service. Then, there’s the issue of surplus inventory.

Demand Planning Software 173

Demand Planning Software Supply and Demand Modeling Supply Chain Planning Software 173

ThroughPut

DECEMBER 4, 2022

Demand-driven replenishment and fulfillment can help retail planners manage large SKUs, determining each sales location and its optimal inventory targets. Wastage caused due to perishable goods : Supermarkets inventory consists of fresh fruits, vegetables, dairy, and meat products, which come with short shelf lives.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

ToolsGroup

JUNE 15, 2020

Step 2: Align your SCP technology plans with the business strategy & organizational readiness. In this step Gartner recommends you consider traditional ROI but also other areas the SCP technology could drive improvements, such as risk management and agility, customer service and growth objectives. All rights reserved.

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Forecasting Software 319

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). He asked me to help him understand why his customer service and shipment reliability were poor. He genuinely cared for the organization and prided himself on forging clever strategies. We started the conversation with sourcing. His response? So, we began the discussion.

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

RFgen

FEBRUARY 15, 2023

Strategy is a critical aspect of supply chain management. Its execution directly impacts cost, quality, and the delivery of goods and services. By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

Oracle SCM

JULY 12, 2017

They prioritized projects that reduced inventory and logistics expenses. Effective strategies coupled with a well-defined plan and the right tools helped supply chain professionals alleviate fulfillment pressures and readied managers for market changes in the future. What are the strategies that helped the best survive?

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

Supply Chain Opz

AUGUST 2, 2018

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

BlueYonder

MARCH 11, 2024

Successful end-to-end retail integration hinges on leveling up inventory, ordering, commits, and omni-channel fulfillment with artificial intelligence (AI)-infused capabilities that effectively unlock “real-time supply chain” responsiveness to demand patterns. The one common thread here has, of course, been automation. And not just any kind.

Supply Chain Planning Software 78

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Retail 78

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). He asked me to help him understand why his customer service and shipment reliability were poor. He genuinely cared for the organization and prided himself on forging clever strategies. We started the conversation with sourcing. Market inflation sits at 7%–the highest since June 1982.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

BlueYonder

SEPTEMBER 3, 2020

The data used to drive statistical safety stock calculations should also be scrubbed to ensure that the wild swings in forecast accuracy, vendor reliability, and lead time variability don’t lead to unsustainable inventory levels in an attempt to meet customer service goals. Realign Inventory Strategies.

Sourcing Strategies 56

Sourcing Strategies Inventory Reduction Vendor Strategies Supply Chain Planning Software 56