Supply Chain Shaman

JANUARY 9, 2024

An average margin of 21% with inventory turns of 1.58 As shown in Figure B, the company improved cash-to-cash through the extension of payables, but never improved inventory levels after the spin-off from Kraft. Typically, the inventory values used in the triangle are safety stock. Congratulations to the 34 winners.

Supply Chain Planning Software 287

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 287

ToolsGroup

NOVEMBER 17, 2015

For those finishing up their 2016 strategic goals, or perhaps looking for a Christmas wish or a New Year’s resolution, here is one to consider: a 99+% customer service level for your supply chain. Despite the heightened service levels, the company operated their entire distribution network with less than two weeks of inventory.

Customer Service 0

Customer Service Logistics Network Optimization Software Inventory Reduction Supply Chain Planning Software 0

QAD

MARCH 28, 2019

Most people realize that on-time delivery plays a key role in how business’ satisfy customer needs, but customer satisfaction can be an expensive undertaking if the company doesn’t manage all aspects of customer service and the business processes that affect them. Meeting Customer Expectations.

Customer Service 80

Customer Service Metrics Forecasting Forecasting Software 80

Supply Chain Matters

AUGUST 15, 2022

Supply Chain Matters updates readers on yet another turnabout in supply chain and customer service direction for a once high flyer in premium interactive fitness equipment and services. Inventory Glut of Bicycles. In retrospect, they collectively ordered too much finished goods inventory from offshore supply sources.

Inventory Reduction 52

Inventory Reduction Customer Service Price Reduction Cost Reduction Strategies 52

ToolsGroup

AUGUST 3, 2020

It’s notoriously difficult to optimize inventory for aftermarket parts. You need to maintain high service levels, but sporadic demand and an infinite number of SKUs frequently lead to waste, excess cost and product obsolescence. Read on for our five inventory optimization secrets for aftermarket parts.

Inventory Reduction 156

Inventory Reduction Waste Reduction Optimization Software Supply Chain Optimization 156

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

DELMIA Quintiq

JUNE 19, 2014

In large part, it’s because many companies don’t pay the right kind of attention to their inventory. There’s a lingering belief that inventory is somehow unpredictable and behaves independently of the rest of the business. If you’re new to the idea of inventory optimization, here’s some advice to help you reach your goal.

Modeling 189

Modeling Inventory Optimization Modeling Scenario Planning 189

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. Inventory Management is about having a right balance of expectations from different functions of the supply chain.

Inventory Reduction 116

Inventory Reduction Inventory Management Software Logistics Network Optimization Software Inventory Management 116

ToolsGroup

MAY 11, 2023

The innovation-focused cosmetics and aesthetic medicine laboratory teams up with ToolsGroup to advance supply chain processes, sustaining growth while maintaining high service standards. We needed a supply chain planning solution with unmatched forecasting to lay the foundation for customer-centric inventory and replenishment planning.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Forecasting 156

RFgen

NOVEMBER 18, 2020

Many inventory management challenges are caused by outdated manual processes. If simply ignored, inventory management problems can snowball, leading to high overhead costs, poor throughput, demand planning, inflexibility, lost business and more. Inventory fuels the modern enterprise. Paper Causes Inventory Management Challenges.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Supply Chain Software 96

ToolsGroup

OCTOBER 3, 2023

To achieve its growth objectives and exceed customer expectations, Grupo Mercury selected Service Optimizer 99+ (SO99+) , ToolsGroup’s suite of solutions that provides a unique probabilistic planning approach. Stay in touch with ToolsGroup on LinkedIn , Twitter , YouTube , or visit www.toolsgroup.com.

ToolsGroup 156

ToolsGroup Inventory Reduction Resource Reduction Supply Chain Planning Software 156

Supply Chain Network

SEPTEMBER 7, 2011

By installing a warehouse in this region, the Company expects to improve its environmental footprint by reducing the number of miles traveled within its distribution network while also reducing costs and improving its customer service levels. Improve inventory turns at retail by reducing fertilizer order minimums.

Customer Service 87

Customer Service Supply Chain Planning Software Modeling Software Distribution 87

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. Why Vendor Managed Inventory? The Problem with Sales Data.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 52

Logistics Viewpoints

OCTOBER 30, 2023

Scenarios are run, and the low-cost network that best meets customer service objectives is selected. For this project, Solvoyo consultants built a network design model and ran more than 120 scenarios to refine the customer service and inventory mix strategy.

Vendor Strategies 230

Vendor Strategies Cost Reduction Strategies Modeling Inventory Reduction 230

Logility

JUNE 21, 2022

The economic sustainability of your business depends on fulfilling orders, of course. Preserving that sustainability and increasing profits depends on meeting market demand, which in turn demands increasing fulfillment rates to satisfy your customers. Inventory planning and optimization. Automated fulfillment.

Modeling 173

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

QAD

SEPTEMBER 29, 2020

As many life science companies have realized, scalability without sustainability doesn’t lend itself to longevity in the industry. Growing too quickly has plagued many life science businesses with operational inefficiency and an inability to sustain current business operations. The Formula for Fast and Sustainable Growth.

Sustainability 98

Sustainability Supply Chain Software Supply Chain Planning Software Scenario Planning 98

CHAINalytics

MAY 4, 2022

The project involved two organisations – each comprising various plants and logistics centres across Europe – to enhance stock visibility and better optimisation of inventory, helping a global manufacturer of forestry products increase service levels and reduce the value of working capital tied-up in excess stock.

Material Savings 108

Material Savings Inventory Reduction Logistics Network Optimization Software Inventory 108

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

BlueYonder

DECEMBER 17, 2019

How can convenience store owners and managers contribute to sustainability — and increase their own profits? As one of the fastest-growing sources of fresh and prepared foods, convenience stores can play a critical role in supporting sustainability. Adding a sustainability initiative to this mix may seem impossible.

Waste Reduction 52

Waste Reduction Sustainability Supply Chain Software Inventory Reduction 52

Logistics Viewpoints

JULY 22, 2021

nodes), flows of the products between origin-destination pairs, and policies (inventory, replenishment, asset utilization etc) with no clear accountability on how the recommendations make their way into planning and execution. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks.

S&OP 244

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

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 245

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 245

ToolsGroup

NOVEMBER 3, 2015

But we have also seen companies misinterpret the lean message when it comes to inventory. It's good to trim bloated inventory and free up working capital. But with today’s volatile demand (especially in omni-channel environments), a delivery model that doesn’t have an inventory buffer can turn out to be “just not in time.”.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Inventory Reduction Lean Inventory 120

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

ToolsGroup

MAY 3, 2016

Inventory optimization is one proven way to do it. Inventory is an untapped, cash-rich asset. Most companies have some form of supply chain systems to manage inventory from production through delivery. Of course, you need inventory. Inventory is what you make, what you sell. But these systems focus on transactions.

Optimal Sourcing 120

Optimal Sourcing Modeling Inventory Reduction Optimization Software 120

Logistics Viewpoints

JANUARY 20, 2022

Retailers with faster, cheaper, more flexible and more sustainable shipping have a competitive advantage. When consumers place an order, retailers may not have the large item in stock at a nearby store due to the high inventory costs of large items. With larger items like furniture and appliances, however, things get a bit trickier.

Manufacturing Procurement 182

Manufacturing Procurement Procurement Solutions Purchasing Skills Inventory Reduction 182

BlueYonder

DECEMBER 17, 2019

How can convenience store owners and managers contribute to sustainability — and increase their own profits? As one of the fastest-growing sources of fresh and prepared foods, convenience stores can play a critical role in supporting sustainability. Adding a sustainability initiative to this mix may seem impossible.

Waste Reduction 47

Waste Reduction Sustainability Supply Chain Software Inventory Reduction 47

The Logistics & Supply Chain Management Society

NOVEMBER 23, 2020

Sustainable deep-freeze logistics secure food supply. The topic of sustainability and sustainable action is becoming increasingly important worldwide, as resources are finite and need to be used sensibly. One of the “50 Sustainability and Climate Leaders” is SSI Schaefer.

Philippines 246

Philippines Supply Chain Software Logistics Network Optimization Software Supply Chain Design Software 246

DELMIA Quintiq

JUNE 21, 2021

This makes warehouse digital transformation a reality in order to sustain business and thrive amidst increasing competition and market pressures. This helps in optimizing inventory management as well as in making the warehouse safer while increasing visibility.

Inventory Management Software 156

Inventory Management Software Optimization Software Supply Chain Planning Software Supply Chain Software 156

Logistics Viewpoints

JUNE 26, 2023

For Mars, digitalization has focused on improved customer service, cost reductions, and making their supply chain associates more productive. The algorithms generate recommendations on optimal ways to rebalance inventory based on cost and service level impacts. Meanwhile, customer service levels improved by 2%.

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

SYSPRO Smarter ERP

APRIL 26, 2023

It also provides insights into how assets of the business, such as inventory, are being used. 5. Optimized inventory An ERP system typically allows manufacturers to reduce their inventory costs and capital tied up in inventory. Integrated business A big benefit of an ERP solution is business integration.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Optimization Software 98

BlueYonder

DECEMBER 18, 2023

The IDC MarketScape looked at whether the applications could support profitable decision-making, enhance both the pre- and post-purchase customer experience, position inventory accurately, and optimize the in-store experience. The IDC MarketScape report on Order Orchestration and Fulfillment evaluates 14 software vendors in this area.

Optimal Sourcing 94

Optimal Sourcing Procurement Analytics Supply Chain Planning Software Predictive Analytics Software 94

RFgen

NOVEMBER 18, 2020

Many inventory management challenges are caused by outdated manual processes. If simply ignored, inventory management problems can snowball, leading to high overhead costs, poor throughput, demand planning, inflexibility, lost business and more. Inventory fuels the modern enterprise. Paper Causes Inventory Management Challenges.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Supply Chain Software 52

Logility

DECEMBER 2, 2020

I grew up in a time before people knew much about being eco-friendly or “Green,” so the concept of sustainability isn’t usually at the top of my mind. The topic of sustainability and being eco-friendly is discussed in K-12 education on a regular basis. have a much different focus on what it means to be eco-friendly.

Supply Chain Planning Software 133

Supply Chain Planning Software Sourcing Strategies Supply Chain Planning Scenario Planning 133

Logility

MARCH 29, 2022

This then provides new insights for faster decision-making, automated planning, and the elimination of time, inventory, and risk throughout your supply chain. Inventory allocation and deployment optimization: Building inventories at critical points of your supply chain creates a just-in-case solution to weather supply chain disruptions.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply and Demand Supply Chain Optimization 130

RFgen

JULY 7, 2020

Many companies rely on spreadsheets to track and record warehouse inventory movements. Today’s challenges require modernizing manual inventory tracking with digital automation like mobile barcoding technology. Too many companies rely on inefficient, inaccurate manual processes like recording inventory movements in spreadsheets.

Inventory Reduction 54

Inventory Reduction Cost Reduction Strategies Warehousing Inventory 54

BlueYonder

JANUARY 29, 2024

The growing realization that competing on customer service, rather than costs alone, means B2B companies can focus on providing the flexibility, transparency and sustainability that customers want. Blue Yonder’s composable, microservices architecture allows customers to augment the right capabilities at the right time.

Gartner 83

Gartner Optimal Sourcing Distribution Supply Chain Design Software 83

The Logistics of Logistics

OCTOBER 26, 2020

Vendor Managed Inventory. Logistics Services. Inventory Management. Shared Services. Technology Services. Sustainability. Special Services. Import / Export / Customs. Marketing / Customer Service. Sustainability and Green Logistics. Distribution Center Management.

Logistics Network Optimization Software 244

Logistics Network Optimization Software 3PL Agile and Lean Supply Chain Colombia 244