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Supply Chain Planning Software Vendor Selection: What they Won’t Tell You

Logility

Whether your definition of value includes on-time, in-full (OTIF), inventory reduction or optimization, transportation spend, speed of decision making, supply chain costs, net working capital, or a myriad of other value measures, you know your business better than anyone. They’re also how you will hold one another accountable.

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Unleashed Cash Flow Workshop: Experts Share Tips for Generating Cash Flow & Mitigating Risk

Unleashed

As a result, significant amounts of cash flow remain tied up in unmoving inventory. Converting overstocked inventory into positive cash flow While prevention may be preferable to cure, the reality is that many firms are still stuck with excess stock tying up their cash flow and costing them thousands in storage fees. Look at it fresh.

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Accelerate Digitisation in the Supply Chain – Leveraging a Data-driven Approach to Optimisation – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Tracking the inventory and reorder point gives organizations complete control over their stocking policies is one of the many functions that it deploys. These solutions also provide granular control over data and real-time visibility to manage the entire sales and distribution chain and automate or digitize processes.

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6 Tips for Students to Develop a Career in the Supply Chain

SCMDOJO

Pursuing a degree in these areas will equip you with the fundamental knowledge of supply chain principles, such as procurement, inventory management, logistics, and operations strategy. Plus, the knack for sifting through heaps of data, spotting trends, and developing solutions that keep things running sets the best apart.

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Bridge the Gap Between Executive Alignment & Supply Chain Performance

Logility

For example, executives might underestimate the impact of accurate demand forecasting on reducing inventory costs, resulting in insufficient investment in necessary tools and technologies. This can be done through regular supply chain briefings and workshops.

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Podcast: Rob Handfield on Suppliers, Data, Tech, and Talent

Requis

On this episode of Supply Chain Next, Rob speaks with host Richard Donaldson about technology, data, supplier relationships, what’s changing as a result of COVID-19, and up-and-coming supply chain talent. On every screen there were moving graphical visualizations of material inventory. The next step is to look at the data.

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Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

Reason #6 Not effectively managing inventory. Reason #7 Making decisions based on bad data (supply chain data accuracy). A bad decision can result in missed orders, significant inventory, or scrapped materials. It might be a programmatic error but more likely it is caused by bad data. Do you do it?