Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession.

Channel Data Management Application: Build or Buy?

E2open

The right Channel Data Management (CDM) system will unlock the value of your channel sales and inventory data. The post Channel Data Management Application: Build or Buy?

Master Data Management is Essential for Process Integrity

Accelogix

Master data management preserves the integrity of critical master data at the foundation of your automated business system, whether it is a WMS or any other transaction-centric application. Even though master data is established once and centrally maintained, it is constantly used to validate many of the elements of a given transaction. In complex business models, it is common to find master data maintained on one application and introduced to a downstream application.

5 ways ERP improves inventory visibility in your supply chain

OptiProERP

Inventory visibility is one of the critical aspects of any manufacturing business. It helps organizations understand how much inventory is available, at what location , and at any given point of time. What Improved Inventory Visibility does. Inventory ties up money.

How Inventory Management is Paving the Path Forward in an On-demand World

Unleashed

Inventory management in an on-demand world is one of the biggest challenges in the supply chain today. Inventory management involving brick-and-mortar stores as well as eCommerce is ever-evolving and more dynamic than ever before. This article looks at how inventory management is paving the path forward in an on-demand world and what this means for business owners. What if the distribution centre manages both store and eCommerce inventory stock?

Integrated Inventory Management Software and Accounting Software for Successful Business Growth

Unleashed

More than ever, competitive businesses are acknowledging the importance of adequate inventory control practices and appropriate management software, but the integration of accounting software with that of inventory management offers many advantages for better holistic business management. Providing visibility to the supply chain enables better inventory management by offering stock data to suppliers. Best Practices for Inventory Accounting.

7 Key Factors that Underpin the Success of your Inventory Optimization Initiative

Supply Chain Opz

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. In this article we will examine inventory optimization processes as part of a structured sequential journey and examine seven of the key factors in delivering the optimal mix of stock.

Supply Chain Movement 21 – S&OP + IT

Supply Chain Movement

Forecasting is about managing risks. Major organisational and cultural changes lie ahead for supply chain management. as the advance of e-commerce continues, companies with an omnichannel approach are increasingly implementing specific order management systems.

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How Inventory Management Has Evolved Over Time

Unleashed

When it comes to inventory management, there has been a significant shift in the way warehouses operate today and the future holds even greater changes. It is certainly an exciting time for inventory management as the evolution is rapidly changing. Manual inventory management. Manual data entry is arduous and subject to human error. Inventory management has seen a shift towards more automation during stock take procedures.

Planned Obsolescence in the Durable Goods Industry

Logility

Of course people like me, who stretch the limits on the useful life of a product, tend to throw outliers into the data. Disposable income can ebb and flow abruptly due to natural and man-made disruptions, leaving durable goods manufacturers scrambling to dispose of excess inventory.

5 Quick Solutions for Simplifying Supply Chains

Unleashed

With the rapid rise in our ability to collect information, data saturation is everywhere. Sure, data is king when it comes to helping forecast future demand and inventory stock needs but the ability to collect data is not always supported by the ability to filter and manage that data correctly. Any data collected and held needs to be relevant to the business. Business Tips inventory management supplier relationship suppliers supply chain

How IoT Will Transform Your Supply Chain

AB&R

The simplest way to describe IoT is the ecosystem that connects data, people, processes, and equipment. You can even buy Internet-connected appliances that can be managed remotely. Data management. 1] SCAN the DATA CAPTURE REPORT, November 20, 2018.

The Target Canada Story and the Brand Impact of the Supply Chain!

Supply Chain Game Changer

Amongst them was their entire Product Data Management system, business process, organization, and change management work stream. There was no accuracy nor integrity in dozens of fields of data for thousands and thousands of skus. This alone would have created a loss of control and visibility that would have been almost impossible to manage. The Supply Chain Role in Brand Management. Subscribe Here! Email Address.

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

The late consultant, educator, and author, Peter Drucker, is often quoted as saying "you can't manage what you can't measure.” In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs).

Six Must Have Supply Chain Capabilities for Success in the Food and Beverage Industry

Logility

Accurate forecasts help minimize inventory, maximize production efficiency, streamline purchasing, optimize distribution and ensure confidence in company projections. The demand planning team itself must include members who feel comfortable with statistics and data analysis, and can collaborate and negotiate with other business functions to drive to a consensus plan. Advanced Inventory Management. Supply Chain Master Data Management.

Sharing the “Best Version of the Truth” to Trading Partners

The Network Effect

Note: This is the latest in a series of posts that discuss how your companies master data management strategy (MDM) has a direct relationship to your company’s fiscal health. In my last post, I discussed how to bring visibility and reliability to enterprise data.

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Checkpoint Launches First RFID-Based EAS Solution for Apparel Retailers

Supply Chain Network

NYSE:CKP), a leading global supplier of shrink management, merchandise visibility and apparel labeling solutions for the retail industry, today announced here at NRF Loss Prevention Conference & Expo its RFID Overhead EAS Solution, delivering benefits both for loss prevention and inventory visibility at the point-of-exit. METRO GROUP is very optimistic about RFID-based EAS,” said Dr. Gerd Wolfram, managing director at METRO SYSTEMS. “We’re Checkpoint Systems, Inc.

Process Chemicals – A Complex Supply Chain in Motion

Logility

An estimated, 75% of supply chain data originates from outside the ERP system. Complexity opens risks of miscommunication and disruptions, often from incorrect or incomplete data. Eliminating the cost impact of excess inventory is a priority for many process and chemical supply chains.

Solving the Supply Chain Planning Puzzle

Logility

An estimated, 75% of available supply chain data originates from outside the ERP system. Complexity opens risks of miscommunication and disruptions, often from incorrect or incomplete data. Eliminating excess and obsolete inventory is a priority for many manufacturers.

Warehouse Automation May Not Automatically Resolve Data Issues…However This Can

OneSCM

With all the mobile devices, barcode scanners, sensors and other computing technologies online today, warehouse managers should have complete visibility into what is happening within their four walls at all times. How much time do you spend conducting manual inventory counts?

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Welcome 2019

Supply Chain Shaman

Bear markets drive heightened interest in supply chain management. Companies cannot save their way to supply chain excellence with cost-cutting and inventory management — customer back capabilities. Machine learning will redefine master data management.

The Best Part of My Job

Logility

Each of these companies were recognized for leading digital supply chain initiatives that resulted in significant business impact through the combination of people, process, technology and data to drive innovation. Implement a Supply Chain Master Data Management (SC MDM) strategy.

Process Chemicals — A Complex Supply Chain in Motion

Logility

An estimated, 75% of supply chain data originates from outside the ERP system. Complexity opens risks of miscommunication and disruptions, often from incorrect or incomplete data. Eliminating the cost impact of excess inventory is a priority for many process and chemical supply chains.

Planned Obsolescence in the Durable Goods Industry

Logility

Of course people like me, who stretch the limits on the useful life of a product, tend to throw outliers into the data. Disposable income can ebb and flow abruptly due to natural and man-made disruptions, leaving durable goods manufacturers scrambling to dispose of excess inventory.

Solving the Supply Chain Planning Puzzle

Logility

An estimated, 75% of available supply chain data originates from outside the ERP system. Complexity opens risks of miscommunication and disruptions, often from incorrect or incomplete data. Eliminating excess and obsolete inventory is a priority for many manufacturers.

Freight Data Trends for 2019 and How a TMS Will Grow in Value

Cerasis

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause.

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Gartner releases new Supply Chain Planning Magic Quadrant

ToolsGroup

Inventory planning , including collaborative inventory planning. In addition, they list nine key technical competencies to ensure that planning functionality can be utilized effectively across an E2E supply chain: Process management. Unified data, process and analytical models.

The Digital Supply Chain: Making The Leap With A Ball and Chain

Supply Chain Shaman

Master Data is No Longer a Barrier. Cognitive learning and rules-based ontologies will redefine master data management technologies making them obsolete. Instead, the data model is inside out.

Digital Transformation of Supply Chain Planning at SKF

ToolsGroup

As Jörg Schlager, SKF's Business Transformation Manager - Demand Chain, describes it, the company is looking around and seeing disruption everywhere. It managed local inventories fed by regional warehouses and factory warehouses (See Figure 1 below). Inventory planning was local. Inventories themselves were often local. In Figure 3 the functional groups in the organization are managing multiple roles.

Five Trends That Excite Me!

Supply Chain Shaman

EDI is too cumbersome, and SAP Ariba’s focus, despite the marketing hype, is primarily on managing indirect spending. (My Suitable and instrumental for contract management and supply chain finance? Master data management and standards are the bane of B2B connectivity.

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Advanced Analytics Are Everywhere!

Logility

At its most basic level, supply chain analytics are the application of mathematics, statistics, predictive modeling and machine-learning techniques to find meaningful patterns in the vast mountains of data produced by enterprise systems and external sources.

Gartner releases new Supply Chain Planning Magic Quadrant

ToolsGroup

Inventory planning , including collaborative inventory planning. In addition, they list nine key technical competencies to ensure that planning functionality can be utilized effectively across an E2E supply chain: Process management. Unified data, process and analytical models.

Q&A: Chris Reed, Ferguson Enterprises – Building an Agile Supply Chain

Logility

Recently I had the pleasure to sit down with Chris Reed, director of inventory and data management for wholesale distributor Ferguson Enterprises on how they are building an agile supply chain. As a result, we often manipulated demand towards driving higher inventory.

Agility Does Not Grow on Trees: Start Building Today

Supply Chain Shaman

Improvements in transportation management had the greatest impact on improving agility. Each has a significant change management component. It is a careful balance between change management and technology evolution. Companies want to be agile.

Collaboration and Visibility in the Supply Chain

Oracle SCM

One of the Supply Chain Management trends apparent at the Gartner Supply Chain Executive Conference in May was highlighted by several vendor/customer presentations focused on the value of Collaboration and Visibility projects. Tom McDonough , Sr. Director Product Marketing.