Supply Chain Shaman

MARCH 21, 2024

Training ensued, and the expectation of changing work was shared. If I had a magic wand, I would redesign work to transform the planners to become data orchestrators with supply chain planning becoming self-service by business leaders. 85% of inventory decisions are not managed in Advanced Planning Solutions. Why Jump Now?

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

Supply Chain Shaman

FEBRUARY 1, 2024

This is why I host training twice a year to challenge existing technology paradigms. The issue is data synchronization. The more outsourcing and instances, the greater the issue with data synchronization. Rolling up a perpetual inventory signal takes eleven hours. days to get a perpetual inventory signal and 2.2

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

Supply Chain Shaman

FEBRUARY 26, 2024

In today’s training class, we focused on determining the balanced scorecard. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency. Most of the models are supply-centric with no place to put channel data. Analyze inventory health.

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

SYSPRO Smarter ERP

MARCH 28, 2024

Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights. Using data to find patterns, inferences, and insights ensures that your company goals and plans are based on evidence and that decisions made are balanced and objective.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 52

Logistics Viewpoints

DECEMBER 5, 2023

This involves identifying the systems, assets, data, and capabilities that are critical to the business’s operations, as well as the threats and vulnerabilities that could affect them. Assess Third-Party Vendors: Warehouse and DC operators often work with third-party vendors for logistics and inventory management.

Supply Chain Planning Software 239

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Supply Chain Network Software 239

SYSPRO Smarter ERP

JULY 3, 2023

What is Machine Learning ML is the computing engine behind AI and gives computers the ability to make sense of, and learn, from data to perform specific tasks without manual interference. Nine areas where AI can help manufacturers There are several ways in which data and AI can be applied in the manufacturing industry. The Industry 4.0

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Manufacturing Data 98

Supply Chain Shaman

OCTOBER 4, 2018

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. We share this data in Figure 3. ” Figure 3.

Inventory Management Software 262

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 262

The Logistics of Logistics

MARCH 6, 2024

Since launching in 2022, the company has partnered with dozens of 3PLs, empowering them to process tens of millions worth of returned inventory for leading brands across the US and Canada. Moreover, the company provides both 3PLs and brands with invaluable data, making returns more efficient, intelligent, and eco-friendly.

Inventory Reduction 222

Inventory Reduction Logistics Network Optimization Software Demand Planning Software Supply Chain Software 222

Supply Chain Game Changer

AUGUST 24, 2022

Featuring Our 10 Best Inventory Management Articles! A very important part of many businesses is managing inventory. Companies in all different industries need to have inventory in stock in order to remain afloat and deliver their products to customers in a timely manner and avoid inventory management mistakes.

Inventory Management Software 93

Inventory Management Software Inventory Management Inventory Reduction Inventory 93

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. Data Everywhere, Insights Are Few.

Supply and Demand 370

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 370

Supply Chain Shaman

FEBRUARY 16, 2024

Graph technology leverages graph structures to represent and store data. Let’s start here: Data Analysis. We are not listening to what data has to tell us. In today’s processes, we move data into jails (relational databases) and then run optimizers. Improve Sensing with Market Data. Test and Learn.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 374

Clear Spider

MARCH 21, 2024

AI inventory solutions create more powerful and adaptive supply chains. Supply chain managers need to be able to cut through the noise of massive amounts of data with a powerful tool. One of the key drivers of supply chain resilience is the use of artificial intelligence and machine learning algorithms in inventory management.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Supply Chain Planning Software Predictive Analytics Software 52

Procurement Academy

AUGUST 25, 2022

Thus, training in logistics management is rightly prioritized by organizations as optimizing this process can lead to increased profits. It is clear that logistics training is a fundamental factor to successfully manage any company’s operations. So how can organizations train employees for effective logistics management?

Buyer Training 52

Buyer Training Price Mitigation Strategies Training Supply Chain Planning Software 52

Supply Chain Shaman

APRIL 16, 2024

Supply Chain Insights Training, 2024 The Opportunity Based on my research, I believe there is an opportunity to reduce the number of planning roles by 80-85%. The second disturbing fact is that business leaders cannot access planning data, so a planner must interpret the data. The dance goes like this. Planners answer.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. It can then generate new content using prompts that resemble the original training data.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Supply Chain Game Changer

AUGUST 16, 2022

In my experience companies always had a need for Inventory Control and an annual inventory count during which all operations were shut down for at least 2-3 days. On top of the annual inventory count there were ongoing manual cycle counts throughout the entire year. An Inventory Control History.

Inventory Reduction 124

Inventory Reduction Inventory Waste Reduction Resource Reduction 124

Logility

JULY 5, 2023

One such technology, generative AI, is emerging as a game-changer in the realm of supply chain planning; poised to revolutionize supply chain planning by enabling organizations to make data-driven decisions with unprecedented accuracy and efficiency. What is Generative AI? This content can be text, images, or code.

Supply Chain Planning Software 191

Supply Chain Planning Software Supply Chain Planning Modeling Scenario Planning 191

RFgen

JUNE 16, 2023

And automated inventory management may hold the key. Intelligent software solutions can automate inventory management processes like order picking and fulfillment to remove human error and manual tasks. Less time manually keying data into workstations or sifting through spreadsheets means more time to take on higher-value activities.

Inventory Management Software 74

Inventory Management Software Supply Chain Software Inventory Reduction Inventory Management 74

RFgen

JUNE 30, 2023

Gone are the days of paper inventory tracking and manual data entry. The businesses of tomorrow need technology solutions that give real-time information in order to make key business decisions when it comes to inventory. It’s also critical to your inventory management strategy. Case Study: NFPC Enhances ERP to Gain 99.9%

Inventory Management Software 76

Inventory Management Software Supply Chain Planning Software Optimization Software Forecasting Software 76

Logistics Viewpoints

APRIL 4, 2024

During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. Given that we are in the age of AI/ML, I often think of how the small deli where I worked was a perfect training ground for applying AI/ML in fresh supply chain planning.

Supply and Demand 229

Supply and Demand Modeling Demand Planning Scenario Planning 229

Kinaxis

DECEMBER 12, 2014

Reason #6 Not effectively managing inventory. Reason #7 Making decisions based on bad data (supply chain data accuracy). Reason #10: Failure to adequately train your supply chain planning staff. A bad decision can result in missed orders, significant inventory, or scrapped materials. Do you do it?

Supply Chain Planning Software 240

Supply Chain Planning Software Supply Chain Planning Training Price Mitigation Strategies 240

Supply Chain Shaman

SEPTEMBER 4, 2017

Over the course of the last quarter, with the help from Cloudera, we built a data lake of with data from 1449 public companies. We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data. The analysis was industry-specific.

Supply Chain Planning Software 169

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Supply Chain Software 169

Logistics Viewpoints

APRIL 27, 2023

For example, monthly subscription fees, any software support charges, and data migration fees. Plan for training – An implementation will save you money and give you a competitive edge, but only if your employees know how to use the new system. Don’t be afraid to advocate for and invest in training to ensure a seamless transition.

Supply Chain Planning Software 203

Supply Chain Planning Software Modeling Software Logistics Network Optimization Software Supply Chain Software 203

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. What is inventory carrying cost? Why is inventory carrying cost important?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

RFgen

JUNE 22, 2023

Unlocking the synergy between consulting services, ERP systems, and inventory management is the key to creating a powerhouse of efficiency. Together, consulting and ERP complement each other to improve your inventory management system. Synergy with IM: Consultants bring outside perspective on how best to solve inventory challenges.

Inventory Management Software 72

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Optimization Software 72

Logility

SEPTEMBER 1, 2023

Demand forecasting plays a crucial role in business success, as it helps predict customer demand and plan inventory effectively. Smart Data Analysis: AI algorithms excel at handling large amounts of data , such as sales history, market trends, and customer behavior.

Forecasting 175

Forecasting Forecasting Software Demand Planning Software Modeling 175

EMERGE App

DECEMBER 12, 2023

For inventory management, in particular, we’ve seen how cloud apps such as EMERGE are equally at home managing the inventory of artisanal handmade jewelry, exotic car parts, and even industrial chemicals. Here, we’ll show you how EMERGE manages raw materials and finished products as used in the construction inventory management.

Inventory Management Software 52

Inventory Management Software Inventory Management Procurement Solutions Inventory Reduction 52

Supply Chain Shaman

SEPTEMBER 22, 2022

Instead, I think we should build outside-in planning processes to better use real-time and market data and build effective networks. The problem is the lack of trained planners.) Yes, the supply chain is awash with real-time data. Using real-time data is an opportunity for planning. Real-time Planning.

Supply Chain Planning Software 405

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 405

Unleashed

JUNE 7, 2023

Inventory optimisation is the process that enables efficient inventory management. In this guide, we define inventory optimisation and offer a few actionable tips and strategies for getting it right every time. In this inventory optimisation guide: What is inventory optimisation?

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

ToolsGroup

SEPTEMBER 26, 2023

It can ingest massive amounts of internal and external data and process it within the unique algorithmic engine to deliver easy-to-apply recommendations on how to optimize inventory levels, streamline supply chains, and maximize revenues. While these data insights are helpful, they are quite limited. How Does EvoAI work?

Prescriptive Analytics Software 296

Prescriptive Analytics Software ToolsGroup Supply Chain Planning Software Analytics Software 296

RFgen

MAY 4, 2023

Key Takeaways: Using outdated inventory management software impacts operational efficiency in ways you may not realize. Address aged-out software by upgrading to a modern inventory solution built on a configurable mobile platform. Inventory management is the lifeblood of any business. One such hidden area is security.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Inventory Management Security 52

RFgen

APRIL 10, 2023

Inventory management is a critical aspect of any business’s operations, ensuring that products are accounted for, tracked, and optimally utilized. With advancements in warehouse technology, businesses now have access to powerful tools, such as mobile barcode software, which greatly improve inventory management processes.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimization Software Supply Chain Software 52

Unleashed

NOVEMBER 5, 2023

A barcode inventory system allows goods to be tracked along the supply chain and within a company’s storage facilities. It uses technology such as barcode scanners and barcode inventory software to improve the accuracy of your inventory management processes. What is a barcode inventory system? Let’s get right into it.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 52

Unleashed

NOVEMBER 28, 2022

Inventory replenishment is reordering stock in the right quantities, at the right time. Too much inventory can increase costs, limit cash flow, and leave you with expired stock. In this inventory replenishment guide: What is inventory replenishment? Preventing stock expiry.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 98

GlobalTranz

NOVEMBER 8, 2018

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Disjointed systems and data silos, creating delays in processing and deficiencies in visibility. The capacity crunch continues, and the ELD mandate has lowered the number of trucks available.

Analysis 151

Analysis Data Forecasting Software Forecasting 151

Logility

NOVEMBER 30, 2023

How can we move forward when internal resources are limited – from planners to data scientists? Machine learning is a branch that involves algorithms and statistical models enabling computers to improve their performance on a task through experience or data. How can our organization best prepare for current and future AI capabilities?

Supply Chain Planning Software 177

Supply Chain Planning Software Modeling Supply Chain Software Scenario Planning 177

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. Somewhere between 1.5%

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Inventory Vendor Strategies 100