Unleashed

FEBRUARY 14, 2024

In accounting, finished goods inventory is the specific number of inventory or manufactured items that you currently have in stock available for customers to purchase. Step 1: Raw materials procurement One of the first activities of a manufacturing business is to obtain the raw materials needed to produce a finished good.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Logistics Viewpoints

JANUARY 26, 2021

The definition of agility and resilience will continue to evolve. This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. Terence Leung is Senior Director, Solutions Marketing at Blue Yonder.

Agile and Lean Supply Chain 268

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Supply Chain Strategy 268

Supply Chain Shaman

APRIL 19, 2021

The Process of Software Selection. As the director of planning, Joe is involved in a multi-year process to select a new planning solution. “We are considering the purchase of Blue Yonder, Logility, Kinaxis, o9, or OMP. The solutions are very different. Buying planning software is a lot like buying a car.

Supply Chain Planning Software 195

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 195

Supply Chain Shaman

NOVEMBER 11, 2020

I forecast that this interest will grow and the market is going to become more confusing. This is true even though we are not clear on the definition of next-generation processes. Until there are clear answers, business leaders should avoid buying software from companies with deep investments by venture capitalists.

Supply Chain Design Software 312

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 312

ToolsGroup

FEBRUARY 28, 2023

So we’re excited to be delivering significant enhancements to our solution and expanding our already formidable and innovative forecasting , inventory optimization , and replenishment capabilities that help our customers deliver on promises to their customers, while reducing inventory (and their carbon footprints) and boosting profitability.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Modeling Demand Planning Software 156

Supply Chain Shaman

JUNE 28, 2021

Idiomatic expressions are a type of informal language rooted in meaning that is different from the literal definitions of the words used in the expression. ). Consumers constantly change the mix preferences in purchases. Somedays, the focus is on steaks or ribs and the next on the purchase of ground or cubed meat.

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 238

ThroughPut

OCTOBER 7, 2022

Step Up Demand Planning Efforts with a Robust Forecasting Model . Demand forecasting can be a game changer in today’s volatile environment. Infact, according to McKinsey , applying AI-driven demand forecasting to supply chain management can cut down errors by 20-50% and this helps reduce lost sales by 65%.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

Supply Chain Shaman

APRIL 9, 2021

The myopic focus on IT standardization resulted in the purchase of technology, but not value delivery. This included one-number forecasting, Integrated Business Planning (with tight integration to the budget), labor arbitrage strategies (chasing low-cost labor with extended supply chains), and tax-efficient supply chain strategies.

Supply Chain Planning Software 363

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 363

ThroughPut

MAY 13, 2022

In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Unleashed

JULY 25, 2023

Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold. It helps you to make better purchasing, manufacturing , pricing, and marketing decisions based on the data revealed. What is a good inventory turnover ratio?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

JUNE 1, 2023

In this article, we explore a popular solution: the perpetual inventory system. Perpetual inventory system definition A perpetual inventory system centralises your inventory data and tracks your inventory in real-time to give you a precise inventory count instantaneously. Software integration. Accurate demand forecasting.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Optimization Software 52

Unleashed

FEBRUARY 12, 2024

This includes the cost of capital used to purchase inventory, which could have been invested elsewhere for potential returns. Additionally, they may involve the interest expense on loans or lines of credit used to finance inventory purchases. Capital costs Capital costs represent the opportunity cost of the funds tied up in inventory.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

ThroughPut

MAY 13, 2022

In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. . Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Supply Chain Shaman

JULY 23, 2023

The order latency is the time from purchase by the end consumer to the visibility of the order. The higher the volume and the more forecastable the product, demand latency is days (usually two weeks). For example, when a product at retail is purchased, the shelf is replenished from backroom stock. There is no definitive answer.

Supply Chain Planning Software 343

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 343

Supply Chain Shaman

JUNE 21, 2023

Before you react, here are some definitions. Today’s risk management solutions focus largely on supply sensing and early alerting. Some solutions now include proactive event management driving recommendations to correct/prevent disruption. Demand latency is the time cycle to translate a channel purchase to an order.)

Gartner 365

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 365

SCMDOJO

SEPTEMBER 8, 2023

Cost Efficiency : By accurately forecasting material requirements, MRP helps in bulk purchasing and availing discounts, leading to cost savings. Definition : Gross Requirements represent the total expected demand for an item before considering any existing inventory or scheduled deliveries.

Procurement Analytics 81

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 81

Supply Chain Shaman

FEBRUARY 2, 2024

In contrast, if the groundhog does not see his shadow, the forecasts is for an early spring. Defining a solution to close the gaps are not so easy. The term network is used frequently, but without definition. Value networks, like many supply chain terms, are used frequently, but lack definition. The gaps are large.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Network Software Supply Chain Planning Software Third Party Logistics 195

Unleashed

MAY 1, 2023

An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. The definition of inventory control chart is a chart that displays the lifecycle and replenishment factors of a product being sold by a business. What is an inventory control chart? The X axis represents time.

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52

Supply Chain Shaman

JANUARY 21, 2014

Slowly the words take definition in everyday speech. > Unfortunately, companies have invested money in traditional forecasting processes believing that if they make the forecast better that corporate performance will improve. Improving forecasting is not sufficient. It is about much more than conventional forecasting.

Supply and Demand 331

Supply and Demand Modeling Demand Planning Software Forecasting 331

Supply Chain Shaman

SEPTEMBER 5, 2022

When it comes to inventory and driving improvement in the face of variability, there are five issues: Poorly Implemented Advanced Planning Solutions. In nine out of ten supply chain planning systems that I test, I find that companies have a negative Forecast Value Added level. Software mergers & acquisitions also slowed innovation.

Supply Chain Planning Software 239

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 239

Unleashed

APRIL 4, 2023

Machine learning is a type of Artificial Intelligence (AI) which can use software, particular systems, or algorithms to analyse data without needing specific programming directions to do so. These include but are not limited to identifying stock fluctuations, forecasting trends and demands for products, and optimizing delivery processes.

Case Study 52

Case Study Supply Chain Planning Software Supply Chain Software Forecasting Software 52

Supply Chain Shaman

JULY 25, 2021

of revenue on IT solutions and expensive solutions to improve performance, yet degrade balance sheet results against peer group sectors in tough markets? Implementation of Sales Forecasting. The focus on sales forecasting started shortly after Y2k. Few companies are clear on the definition of supply chain excellence.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Demand Solutions

JUNE 14, 2017

Predictive lead time software can tell you exactly when you should order supplies or products to have them arrive for any date you specify. If you rely on your forecasts, you'll always be wrong. The age of saying, “I don’t care about lead times as long as they’re consistent” is definitely over.

Predictive Analytics Software 176

Predictive Analytics Software Predictive Analytics Analytics Software Forecasting Software 176

Logistics Bureau

AUGUST 7, 2023

In this article, we’ll look at some of those challenges and explore potential solutions to help you and your IM team meet the burgeoning demand for fast and accurate order fulfilment. Better Forecasting = Better Inventory Control The good news is that there are ways and means to improve forecasting.

Inventory Management Software 74

Inventory Management Software Inventory Reduction Inventory Management Inventory 74

ToolsGroup

APRIL 3, 2023

The industry is definitely back in action after the sluggishness of Covid, and we’re looking forward to seeing retail gain momentum again. This stems from the expansion of the definition of omnichannel. Our team was delighted to see the positive energy and enthusiasm permeating the whole event. There was a lot to take in.

Inventory Reduction 156

Inventory Reduction Price Reduction Supply Chain Planning Software Forecasting Software 156

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Unleashed

MARCH 26, 2023

In this article, we break down native Xero inventory management and compare it with using an integrated Xero inventory software system. Free trial: Try Unleashed + Xero Inventory Management Software completely free for 14 days. Do you need integrated Xero inventory software? Xero is an incredibly versatile tool.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 52

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. End-to-End Definition Implementation of enterprise data architectures to improve order-to-cash and procure-to-pay.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. The solution was too black box.

Optimal Sourcing 219

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 219

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Talking Logistics

FEBRUARY 18, 2016

If you are buying widgets, there are many ways to make your purchase, from going to a retail location, ordering online or using a standard procurement software tool that allows you to order lots of widgets and receive them over a specified period of time. That is why you need a powerful transportation sourcing solution.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Solutions Purchasing Skills Sourcing Strategies 100

Unleashed

AUGUST 6, 2023

In this competitive pricing guide Competitive pricing definition Competitive pricing is a sales and marketing strategy that involves manipulating price points in a business to match or beat the pricing of its competitors. The solution? We have outlined some of these upsides and downsides below. A “meticulous examination of all costs.”

Price Reduction 52

Price Reduction Cost Reduction Strategies Expense Reduction Inventory Reduction 52

Supply Chain Shaman

DECEMBER 11, 2018

Fuzzy definitions. Recent releases of Advanced Planning Solutions (APS) refined but did not transform initial software concepts. While there is much hype on DDMRP and the use of orders as a proxy for demand, companies need to remember that orders carry latency: they are out-of-step with market purchase behavior.

Supply Chain Planning Software 199

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 199

Silvon Software

MARCH 3, 2023

Having a strong Sales & Operations Planning (S&OP) strategy ensures that your forecasts, raw materials availability and production capacity all match up and that the factory floor can meet its defined deadlines. Forecast Accuracy Forecast Accuracy is a very good gauge of overall planning success. logistics firms).

S&OP 111

S&OP Procurement Analytics Supply and Demand Analytics Software 111

ThroughPut

MARCH 28, 2024

That’s definitely good news. Food Production AI tools can drive advanced predictive analytics with precision forecasting for weather and crop yield predictions. Food Retail In the food retail sector, AI has been helping reduce wastage as the tools can more accurately predict the demand for products. All for the good.

Case Study 52

Case Study Optimal Sourcing Supply Chain Planning Software Food 52

Supply Chain Shaman

SEPTEMBER 10, 2020

Demand latency is the time from channel purchase to order receipt.) The briefings are full of terms like demand sensing, control tower concepts, digital transformation, and cognitive computing, but when I ask for definitions, the answers are not forthcoming. Let’s start with some definitions: Planning. Rising Complexity.

Supply Chain Planning Software 413

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 413

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. What is order processing?

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52