Unleashed

MAY 14, 2023

Although it’s normal for product-based businesses to have some level of inventory shrinkage, it must be kept under control. We’ll discuss everything you need to know about inventory shrinkage, how it pertains to inventory accounting , and 10 effective strategies for preventing or reducing inventory shrinkage.

Inventory Reduction 52

Inventory Reduction Journal Inventory Inventory Management Software 52

EMERGE App

DECEMBER 19, 2023

Inventory management is a tough task, especially when you’re starting out. There are lots of inventory management books available which can help you understand basics, but I am here with the list of best books in the market. Best Inventory Management Books of All Time: 1.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications. What is the Life Cycle Inventory (LCI)? It includes determining the purpose of the study, the system boundaries (i.e.,

Inventory Reduction 84

Inventory Reduction Analysis Material Savings Optimal Sourcing 84

Supply Chain Shaman

JANUARY 9, 2024

The industry struggles with groupthink. Many believe that an ex-supply chain exec knows the definition of supply chain excellence. The industry is awash with ex-execs advising companies, speaking at events, and consulting. For example, in Figure A, we share on orbit chart on how Sanofi is underperforming the industry.

Supply Chain Planning Software 287

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 287

Supply Chain Shaman

FEBRUARY 16, 2024

Let’s Start With Clear Definitions My inbox is full. The market is flooded with references to AI, but few stop to give a definition. To combat the hype cycle to drive value, I think that we need to get clear on use cases and definitions. I find the industry awash with opinions but short on research-backed answers.

Supply Chain Planning Software 374

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

Supply Chain Shaman

FEBRUARY 26, 2024

Shown in Figure 1 is the definition of the layers of outside-in planning. Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. They implemented a simple planning technology with an outside-in channel-centric model (Ship to model definition). Analyze inventory health.

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

Supply Chain Shaman

DECEMBER 27, 2022

The race started in 2016 as a foggy definition of digital appeared in supply chain marketing from technology providers. Today, there is no standard definition of digital. The numerous definitions across the supply chain technology and consulting providers are very different and often confusing. What is a digital brain?

Supply Chain Software 393

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 393

Precoro

AUGUST 31, 2023

Good cost-saving strategies help companies stay competitive and adjust to the newest industry developments. Inventory Adjusting inventory levels can also contribute to cost savings. Is your inventory optimized ? Is it possible to reduce inventory levels without risking the shortage? Do you overstock ?

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

Supply Chain Shaman

JANUARY 25, 2024

My definition of a network is the bi-directional information exchange of manufacturing, procurement, quality, and transportation signals across multiple tiers of trading partners in a many-to-many trading partner information exchange with minimal latency. Electronic Data Interchange (EDI) does not meet this definition.

Supply Chain Network Software 264

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 264

Supply Chain Opz

JULY 1, 2014

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. In 1995, companies in automotive industry used Electronic Data Interchange to share information. Would you like to learn more?

Cost Reduction Strategies 271

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 271

Supply Chain Shaman

OCTOBER 4, 2018

At the session, we discussed why companies have not made more progress on inventory management. Note in Figure 1, that eight industries have gone backwards and four moved forward. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Five Reasons.

Inventory Management Software 262

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

Supply Chain Shaman

JUNE 7, 2018

Definitions: Provocateur. Putting a stick in the eye of the industry is hard work. It starts with the lack of a clear definition. Or agreement on the definition of supply chain excellence. Or agreement on the definition of supply chain excellence. Sometimes, even the definition of a supply chain is not clear.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 223

Supply Chain Shaman

SEPTEMBER 10, 2023

The continuation of the belief in the definition of today’s supply chain planning is a tangled web that we weave that is a bit of a mess. His position was that the research that I was writing was not being aggressive enough in the definition of global supply chain planning requirements. The year was 2004. Old habits die hard.)

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

Unleashed

JANUARY 19, 2023

The four categories of product in the BCG Growth Share matrix: Stars: These are products with high relative market share and high industry growth rate. Cash cows: These are products with high relative market share and low industry growth rate. Pets: These are products with high relative market share and low industry growth rate.

Examples 94

Examples Resource Reduction Inventory Reduction Cost Reduction Strategies 94

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

Supply Chain Game Changer

APRIL 27, 2021

Featuring Our 10 Best Inventory Management Articles! Inventory makes the world go round. Stockpiles of raw materials, components, sub assemblies, finished goods, returned goods, and reclaimed and refurbished materials enable all aspects of industry to function and all aspects of the economic engine to run. Get Our EBOOK HERE.

Inventory Reduction 86

Inventory Reduction Inventory Management Software Inventory Management Material Savings 86

Supply Chain Shaman

FEBRUARY 1, 2024

I will share insights as we go along) The Word Salad Shuffle In the industry, I feel that there is a lot of word salad–consultants and technologists spinning words with little meaning to drive leads. Definitions Before we move to the discussion of the actions to take, let’s get clear on some definitions.

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

EMERGE App

DECEMBER 19, 2023

Inventory management is a tough task, especially when you’re starting out. There are lots of inventory management books available which can help you understand basics, but I am here with the list of best books in the market. Best Inventory Management Books of All Time: 1.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

Supply Chain Opz

JULY 1, 2014

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. In 1995, companies in automotive industry used Electronic Data Interchange to share information. Would you like to learn more?

Cost Reduction Strategies 214

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 214

Supply Chain Shaman

JANUARY 2, 2024

Many discussions focus on driving improvement through planning, yet, when I take the client case studies on the websites of leading planning technologies and map the intersection of operating margin and inventory turns, I do not see metric improvement, sustained performance, or an increase in value. ” Figure 2.

Gartner 275

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 275

Supply Chain Shaman

JULY 13, 2023

No one knows, but in my discussions, business leaders agree that Artificial Intelligence (AI) is here, and the projected impact on supply chain technology looms large sending the industry into very different gyrations. The industry first started speaking of digital in 2012, but today, it is still an amorphous concept. (My What Is AI?

Optimal Sourcing 326

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Planning 326

Unleashed

JUNE 2, 2022

A key challenge of omnichannel that automation can help with is maintaining accurate inventory across multiple channels Omnichannel vs multichannel eCommerce: what’s the difference? For example, with business functions working together to create streamlined and efficient workflows, omnichannel systems improve inventory control.

Omnichannel 97

Omnichannel Inventory Management Software Supply Chain Design Software Analytics Software 97

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. It includes everything from the procurement of raw materials to production, inventory management, and shipping. For customers, it can mean the time it takes to receive an order after they have purchased it. Let’s break down the most common ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Shaman

OCTOBER 11, 2023

Definition Anomaly: something that deviates from what is standard, normal, or expected. Definition As I follow the evolution of supply chain technology, I am struck by what I see as a stream of paradox and anomaly, and the tendency of supply chain leaders to cling to convention. I constantly ask myself, why? Measurement.

Supply Chain Planning Software 379

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 379

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 fast-food industry is highly competitive, and prices are kept at low levels to draw in customers.

Price Reduction 52

Price Reduction Cost Reduction Strategies Expense Reduction Inventory Reduction 52

Unleashed

AUGUST 28, 2023

The cost of sales is an inventory accounting metric that measures the accumulated costs in getting finished goods to market. The cost of sales metric is most commonly used in the retail and eCommerce industries, whereas manufacturing businesses typically calculate profitability using the cost of goods sold formula instead.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Cost Reduction Strategies Examples 52

EMERGE App

DECEMBER 25, 2023

Each business is unique, and the specific challenges a manager faces will depend on the industry, size, and nature of the organization. These challenges encompass Purchasing, Production Planning, Sales-Distribution, Inventory Management, Warehousing Management, Human Resource Management (HRM), and Finance.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Procurement Solutions Inventory Management 52

Supply Chain Shaman

JANUARY 2, 2023

Definition. I find that in the industry, sometimes the basics get lost. Definitions of Planning Horizons. While the term demand sensing is used with abandonment in the industry (often over-used), it is seldom clearly defined. Don’t fall prey to discussions that are not grounded in the basic definitions.

Supply and Demand 358

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 358

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 106

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 106

ThroughPut

MARCH 28, 2024

Integrating Artificial Intelligence (AI) within different segments of the Food Industry, including transportation and logistics, production planning, quality control, and others has kicked off revolutionary transformations. The market size of AI in the food industry , including the beverages sector is set to cross USD 9.68

Case Study 52

Case Study Optimal Sourcing Supply Chain Planning Software Food 52

Supply Chain Shaman

JULY 25, 2021

I find the industry complicit. To make the point, let me share an orbit chart for four industries (reference Figure 1). While some might claim that the industry made progress, the facts show that the industry margin decreased precipitously in three of the four industries shown. How could the industry spend 1.7%

Procurement Analytics 370

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

Supply Chain Shaman

OCTOBER 5, 2021

Let’s Start With a Discussion on Inventory. When we look at table 1, we see burgeoning inventories in some industries and extreme shortages in others. We are not good at inventory management. Inventory Levels Over the Quarters of the Pandemic. Companies struggle to have the right inventories.

Supply Chain Planning Software 256

Supply Chain Planning Software Supply Chain Design Software Modeling Optimal Sourcing 256

QAD

MARCH 30, 2023

As I discussed in a recent article in RFID Journal , RFID technology has changed a lot since 2005 and could be the secret to ensuring greater visibility and inventory accuracy this year. and bring inventory accuracy up to an impressive 99.9%. What is RFID Technology? RFID tags can reduce out of stocks by up to 80.3%

Manufacturing Procurement 92

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 92

Unleashed

JULY 6, 2021

The warehouse should be clean, tidy and well laid out, with inventory accessible and changes easy to track. Sales data is then passed through to the company’s inventory management system, ensuring the stock levels are tracked and maintained. The seller’s warehouse should be arranged so that this process is easy and efficient.

Supply Chain Design Software 98

Supply Chain Design Software Inventory Management Software System Procurement Solutions 98

Supply Chain Shaman

JUNE 21, 2023

Due to travel restrictions, I cannot attend many industry events, so I observe from home, watching webinars and remote broadcasts. ” I believe that the industry is stuck. With more than forty-five years of experience in the industry, I struggle with the lack of progress and the current level of Groupthink. The reason?

Gartner 346

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 346

Supply Chain Shaman

JANUARY 8, 2024

An analysis of improvement, performance, and value of over 500 public companies in 28 industries over a decade. (I However, writing it is a great time to get into industry patterns and think. ” Compare the results to the industry trends. Look at the industry decline in Figure B. I posted my working summary.)

Supply Chain Design Software 235

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 235

EMERGE App

DECEMBER 25, 2023

Each business is unique, and the specific challenges a manager faces will depend on the industry, size, and nature of the organization. These challenges encompass Purchasing, Production Planning, sales distribution, Inventory Management , Warehousing Management , Human Resource Management (HRM), and Finance.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Procurement Solutions Supply Chain Design Software 52