Supply Chain Data Management: Making Data Make Sense for Supply Chain Planning


Managing the data required for supply chain planning is a bit like raking leaves. The data keeps coming all year round. And just when you think you have clean and consistent data to work with, new internal and external data “blows into the yard.”. The amount of available structured and unstructured supply chain data continues to grow at an exponential rate. When data is poorly managed and inconsistent, supply chains become inefficient.

Master Data Management is Essential for Process Integrity


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.

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Product Data Management in eCommerce


Product data has the ability to make or break the eCommerce business. Here comes the role of a Product Data Management System. What is a Product Data Management System? A Product data management system can be referred to as the application that acts as a centralized location for storing and managing product data sourced from a diverse range of channels and sources. Key Challenges in Product Data Management for eCommerce businesses.

Data Management and eCommerce Growth


Data is everything, and insights from the interpretation of data stand to change the face of businesses today. However, companies, by and large, have been slow to adapt and incorporate the benefits of data. While, many have found success in generating, collecting and storing troves of data, few have been able to analyze it and derive relevant insights for their businesses. How can data accelerate growth? A Comprehensive approach through Data Lakes.

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. The technology teams, focusing on implementation and go-live dates, believes that inventory technologies and processes are equal to the challenge. We share this data in Figure 3.

Why eCommerce Data Management Is Crucial for Your Business Growth?


Data and the derived insights always play a vital role in decision-making, framing, and executing strategic initiatives as well as optimizing daily operations. Data is of even utmost significance in current times as businesses are constantly striving to gain a competitive edge over their counterparts. Simply put, data stand to reshape the entire business landscape. Data is critical for businesses of any size, scale, expertise, and the industry they belong to.

Top 5 Reasons Why You Should Opt for Product Data Management


If you want to stay ahead in your game, increase your eCommerce business profitability by simply optimizing and managing your product data with a highly collaborative and well-aligned and updated PDM system or product data management system. Not only the accuracy of your product data but also the quality makes a huge difference on your eCommerce platform. Here comes the role of a good Product Data Management System or PDM. Quality data.

5 ways ERP improves inventory visibility in your supply chain


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. To ensure inventory visibility, you should have access to view, manage, and update your inventory status from trusted software. What Improved Inventory Visibility does. Inventory ties up money. How ERP Improves Inventory Visibility.

Channel Data Management Application: Build or Buy?


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? When deciding to build or buy CDM technology, how do the two stack up in terms of financial, operational and business benefits? This infographic makes it easy to compare the two. appeared first on E2open | Demand. Supply. Delivered. Channel Shaping Infographics

Taking Packaging Manufacturing to New Levels with Digital Technology


Today’s uncertain times have packaging manufacturers working harder than ever to efficiently manage their assets, costs and customer demands to keep their businesses on track. Using Data for Growth. More than Just Data.

Integrated Inventory Management Software and Accounting Software for Successful Business Growth


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.

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


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?

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.

4 Ways Big Data is Changing Inventory Management


Big data is a term used to describe a massive volume of both structured and unstructured data that’s too large to be processed using traditional database and software techniques. In most enterprise scenarios, the volume of data is too big, moves too fast and exceeds processing capacity of existing applications. Processing a large volume of information the main benefit of big data analytics. Volume – The size of the data captured.

Keys to Data Governance in Retail – The Challenges & Solutions!


Significance of Data for Retail Industry. Data has always been the backbone for retail brands in their decision-making process, strategic or otherwise. Data-driven insights are crucial for retail brands to gather customer-centric information, identify opportunities for customer acquisition, engagement and retention as well as enhance their supply chain management efficiency. Major Data-related Challenges in Retail. Redundant Data Points. Data Exposure.

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. furthermore, because the continuing growth in outsourcing is making global businesses ever-more susceptible to disruptions, supply chain risk management software is also on the rise.

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How Inventory Management Has Evolved Over Time


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.

How to Maintain Quality Data and Improve Your Inventory Control


One of a business’s most valuable assets is the inventory stock used to generate profits and revenue, however in today’s business environment quality data is now becoming as equally valuable. Quality data is the foundation of operations, inventory control and in driving vital financial decisions. Maintaining accurate, complete and consistent data is crucial to business success and sustainability. What is quality data? Quality data tells the truth.

Coming to IRF 2019, Mumbai? Visit Vinculum at Booth #A22


Order and inventory management. Consistent product and master data management. Order & Inventory Management – Take control of your orders, inventory and returns through a single, real-time dashboard view of your orders and inventory across all sales channels.

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Planned Obsolescence in the Durable Goods Industry


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. Expanding Consumer Product Preferences and Resulting Explosion in Inventory. Inventory Optimization

How to Get a Job in the Supply Chain Sector

Logistics Bureau

Supply chain management is increasingly making an impact on the overall functioning of the business and influencing C-suite decisions. Supply chain management is increasingly becoming a clear path to the C-suite. Do you want to be managing people? Data Managers.

Vinculum at IRCE 2019, Chicago: Enabling Seamless Shopping Across Channels


Order and inventory management. Consistent product and master data management. Order and Inventory Management. Our solution helps you be in control of your orders, inventory and returns through a single, real-time dashboard view of your business across channels and locations. Our SaaS solution for warehouse management supports both B2B and B2C warehousing needs of large enterprises and high growth brands.

The Worse Mistakes of Omnichannel Retail


You can prevent this by maintaining a Master Data Management system which creates a Single View of Truth across catalogs, sales and distribution channels, merchandising and other aspects. As the omnichannel experience is entirely driven by customer behaviour, it is vital that analytics and data collection are integrated at every touchpoint. With measurable insights, you can: Understand purchase behaviour and make inventory decisions.

5 Quick Solutions for Simplifying Supply Chains


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

Is Your Supply Chain ‘Ready for Anything’?


Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math. The algorithm becomes more accurate over time, and safeguards institutional knowledge through its accumulation of data. and reduced inventory by 18%.

Is Your Supply Chain ‘Ready for Anything’?

Brookes Supply Chain Planning Blog

Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math.

How IoT Will Transform Your Supply Chain


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. Data is everywhere but harnessing the power of your data through IoT allows you to make actionable business decisions that will transform your organization. 1] SCAN the DATA CAPTURE REPORT, November 20, 2018.

6 Reasons Why Retailers Need a PIM Solution


In order to juggle all of these channels, data and responsibilities, you need a PIM solution. Improve Quality of Data. At Vinculum, our Master Data Management system (MDM) creates a synchronized online/offline catalog of your existing products. With your Product Information Management software, you can also upgrade your customer service experience. Instead, a PIM system manages all of that for you. Create a Data-Driven Model.

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.

Telltale Signs You Are Using Bad Data


In this digital age where technology and software solutions gather and track billions of pieces of information, data is king. Data provides detailed information on which business can base decisions and it enables them to provide their customers with personalised tailored experiences. Bad data is bad business. While businesses fast-track their digital business and eCommerce efforts, they need to ensure they are using the right data. Warning signs of bad 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.

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


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.

Replenishment Planning

o9 Solutions

Related solutions Retail Planning Solutions Replenishment Planning Increase revenues, improve margins, and inventory productivity with next generation cloud software.

The Data Cleansing Process: Cleaning Up Bad Data


Many organisations invest considerable time and money to implement data collection systems but then fail to continuously monitor and manage the data they collect. Having considerable volumes of data can be counterproductive and does not mean that it is of relevance or value to your business. Reliable data provides better customer insight to ensure marketing and business decisions are made on relevant facts. The data cleansing process.

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


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). For example, maximizing factory efficiency can lead to a surplus of inventory. Supply chain professionals will tend to manage their functions to maximize the metrics for which they are measured against.