Remove Data Management Remove Inventory Remove Resources Remove Sourcing
article thumbnail

Inventory Management vs Product Information Management (PIM)

Supply Chain Game Changer

What is Product (or Master) Data Management? The following Product Information Management (PIM) article was written by guest author Alex Borzo, a content contributor at Amber Engine , a software company passionate about eCommerce. There is a way to aggregate, organize and clean-up data without all the manual toil.

article thumbnail

Just-In-Time Management – How to Manage Inventory in 2024

ThroughPut

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Demand Sensing (and Other Secret Ingredients) for Food and Beverage Supply Chain Success

Logility

In this instance, time, money and resources are wasted trying to sell perishable goods that do not align with consumer demand. Advanced inventory management. An F&B company can use advanced inventory management to automatically establish appropriate inventory control parameters for each SKU/location combination.

article thumbnail

Why a Modern BI Platform is Needed for Predictive Analytics

Silvon Software

And it does so through its ability to generate demand forecasts, customer segmentations, risk assessments and operational optimizations in areas like supply chain and inventory management. Without a strong BI backbone, data may remain siloed across various departments, leading to fragmented insights that can skew predictions.

article thumbnail

Logility Recognized Among SupplyChainBrain’s 100 Great Supply Chain Partners

Logility

The company was recognized for its work with iNova Pharmaceuticals, a distributor of prescription medicines and healthcare products, to transform its data management, demand and supply planning, replenishment planning and analytics framework. ATLANTA, GA (August 16, 2022) – Logility, Inc., Our business is complex.

article thumbnail

The Challenges of Using ERP for High-Speed Order Fulfillment

Logility

Your business may rely on an enterprise resource planning (ERP) system to fill customer orders as quickly and efficiently as possible, but is that fast enough for the speed of today’s commerce? Subpar inventory management. Your ERP system must account for ongoing inventory changes. Poor customer experience.

article thumbnail

Modern Solutions vs. Excel for Inventory Management

Vanguard Software

Digital platforms offer significant benefits over spreadsheets for inventory management. According to a Gartner survey, 95% of supply chain professionals have already invested in or plan to invest in modern inventory management solutions in the coming years. Shortcomings of Using Excel for Inventory Management.