Logistics Viewpoints

JULY 6, 2022

I did a little digging to find out the specifics about excess inventory, the stated causes, and the potential implications. Retailers’ Inventories – Just Keep your Returns? Unfortunately, I am unsure about the order of magnitude or the duration of these inventory mismatches. Here’s my take on the topic.

Inventory Reduction 257

Inventory Reduction Inventory Retail Purchasing Skills 257

SYSPRO Smarter ERP

JUNE 6, 2022

In today’s business world, the success of a firm depends not only on its sales but also on the ability to manage its supply network and ensure it has the inventory it needs to deliver customer orders. There are ways to manage a supply chain amid disruptions but they require changes in the way the business works.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119

EMERGE App

MARCH 18, 2019

Instead, it refers to a quality management improvement process used by large scale manufacturers. At first glance, there may not be much synergy between Six Sigma and inventory management. The second is about controlling and managing the stock of raw materials, semi-finished goods and final products. What is Six Sigma?

Six Sigma 40

Six Sigma Inventory Management Software Supply Chain Design Software Inventory Reduction 40

GlobalTranz

JANUARY 8, 2015

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

Inventory Reduction 120

Inventory Reduction Agile and Lean Supply Chain Lean Waste Reduction 120

Supply Chain Opz

APRIL 15, 2015

What inventory book can help you to cut inventory costs? In this article, we will show you 10 best inventory book that readers at all levels can learn from. Inventory Management Overview Many people think inventory management is a clerical task but they're absolutely wrong.

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Inventory Reduction Cost Reduction Strategies Material Savings Inventory 100

Kinaxis

MARCH 20, 2019

The CEO went on to imply that losing sales was preferable to building excess inventory. Shouldn’t it be ok to build inventory in anticipation of demand surges, and then apply promotions to work through the excess? For a company operating at almost 52 percent gross margin, that’s not an insignificant amount.

Apparel 193

Apparel Inventory North America Demand Planning Software 193

Kinaxis

MARCH 25, 2015

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ Poor inventory performance can create a significant obstacle to growth and profitability. Visibility allows you to see precisely how much inventory you have and where.

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Optimal Sourcing Inventory Reduction Modeling Inventory 100

SCMDOJO

JUNE 21, 2023

This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities. SCaaS: Planning & Demand Management Measurable outsourcing provides companies with a cost-cutting solution. In a study conducted by Nicholson et al.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 89

Kinaxis

OCTOBER 9, 2014

In this video hear, Don Gaspari, Director, Materials & Inventory, Global Operations and Logistics, NCR, speak about his time at NCR and their vision to leverage it’s market leadership in self service devices and applications to transform the way that business does business with consumers.

S&OP 171

S&OP Inventory Reduction Material Savings Video 171

Kinaxis

NOVEMBER 13, 2014

Best practices Control tower Demand management General News Inventory management Miscellanea Sales and operations planning (S&OP) Supply chain collaboration Supply chain management Anne Bassett Apple Inc. Automobile Bermuda Bio-Rad Laboratories Bluetooth BMO Capital Markets Flextronics NASDAQ Qualcomm'

Supply Chain Planning 177

Supply Chain Planning S&OP Supply Chain Supply and Demand 177

Logility

JANUARY 22, 2014

Demand management has always been at the top of supply chain professionals’ list of challenges. Against this backdrop, it is interesting that many companies still depend on spreadsheets for demand planning and S&OP , as noted in the recent survey by APICS ( see Are Spreadsheets the Answer , SC Digest, September 2013 ).

Demand Planning Software 101

Demand Planning Software Supply and Demand Supply Chain Planning Software Demand Management 101

Kinaxis

OCTOBER 21, 2014

Demand management General News Inventory management Milesahead Sales and operations planning (S&OP) Supply Chain Events Supply chain management' Changing the mindset away from the individual supply chain / S&OP functions to connecting functions and most importantly, people.

S&OP 188

S&OP Supply and Demand Supply Chain Planning Inventory Management 188

Ware2Go

FEBRUARY 24, 2022

That means most SMB’s are working with limited data and analytics on the supply chain side, and often inventory management and demand management are based on educated guesses and rarely tied to sales data or demand patterns. Slow Inventory Turns.

Inventory Management Software 98

Inventory Management Software Supply Chain Planning Software Demand Planning Software Analytics Software 98

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. This is not about construction management ( planning, design, and management of a building project).

Inventory Management Software 52

Inventory Management Software Inventory Management Procurement Solutions Inventory Reduction 52

Logility

AUGUST 16, 2022

“We benefited greatly from the industry expertise at Logility and from their local implementation partner Demand Management Systems. To achieve its growth goals, iNova needed to unify and synchronize its strategy for supply and demand planning, sales and operations planning (S&OP), and inventory management.

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Supply Chain Design Software Prescriptive Analytics Software 130

Kinaxis

NOVEMBER 17, 2014

Demand management General News Inventory management Milesahead Supply Chain Events Abbott Laboratories Alan Lepofsky American Horror Story Anaplan Business process Cell Therapeutics CNOOC Limited Eastern Time Zone Kinaxis Supply chain' Register now !

S&OP 150

S&OP Supply and Demand Modeling Supply Chain Planning Software 150

Kinaxis

OCTOBER 13, 2014

Demand management General News Inventory management Sales and operations planning (S&OP) Supply chain management' The developing IoT ecosystem certainly has the potential for eliminating the information latency and deficiency that we see today in the planning processes. What do you think?

Internet of things 236

Internet of things Supply Chain Planning Software Inventory Reduction Scenario Planning 236

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. They will aim to have enough stock to avoid stockouts, but not so much that they end up with obsolete stock or high inventory values.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. They will aim to have enough stock to avoid stockouts, but not so much that they end up with obsolete stock or high inventory values.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. In the period of 2010-2018, within the chemical industry, margins fluctuated, largely driven by the price of crude, but inventory turns plummeted.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

QAD

APRIL 10, 2024

Thus, it can impact the efficiency of operations and increase inventory carrying costs. The adoption of demand forecasting tools can help overcome the challenges of demand fluctuation in a timely manner. This visibility into the accuracy of your demand forecasts has a direct impact in your business decisions.

Optimal Sourcing 52

Optimal Sourcing Forecasting Supply and Demand Forecasting Software 52

AFFLINK

NOVEMBER 29, 2018

Grocery stores and big box stores are faced with the need to constantly evolve to meet growing consumer demand for near instant and effortless fulfillment. Due to this increase in demand, managing inventory can be a challenge, but consumer interest in these services makes it a necessity. We Want It Now!

Inventory Reduction 54

Inventory Reduction Inventory Modeling Price Reduction 54

Kinaxis

SEPTEMBER 24, 2014

You need to be able to see where inventory exists, what capacity is available and what the issues are. This tool needs to have the following characteristics; End to end visibility – To make supply chain decisions, you need to have visibility across your supply chain. How do you make your major supply chain decisions?

Modeling 246

Modeling Supply Chain Planning Software Modeling Software Supply Chain Software 246

Supply Chain Shaman

MARCH 27, 2014

It replaces rules-based consumption in demand planning, and will improve short-term forecasting by 30-35%. The average client that has implemented demand sensing technologies has reduced inventory by 11%. Remember, many organizations do not understand the basics of demand management. It makes a difference.

Supply and Demand 281

Supply and Demand Inventory Reduction Demand Planning Software Forecasting Software 281

Kinaxis

DECEMBER 15, 2014

Demand management General News Inventory management Supply chain collaboration Supply chain management Aaron African time Alex Grey Artificial intelligence Canada Collaborative poetry Collective intelligence Organizational culture Peter Senge Systems thinking' What are your thoughts on this matter?

Supply Chain Planning Software 244

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Modeling 244

Supply Chain Shaman

APRIL 19, 2021

My organization does not believe in demand planning. The lack of belief in demand management is a barrier for us. I know that it sounds funny, but a good demand plan helps organizations to align and discuss the market potential. The goal of demand planning is to identify the error. ” Joe. Joe laughed. “I

Supply Chain Planning Software 271

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 271

Unleashed

JANUARY 15, 2020

Effective inventory control centres on the fine balance of holding enough inventory to ensure the business operates effectively while avoiding the overstocking that ties up valuable cashflow and leads to waste. Inventory control and AI. Artificial intelligence.

Inventory Reduction 124

Inventory Reduction Inventory Management Software Predictive Analytics Software Optimal Sourcing 124

IQMS

OCTOBER 2, 2019

When production lines are running smoothly, product quality is up, and customer delivery dates are being met it’s a sure sign the supply chain management, inventory, and warehouse management systems supporting the shop floor are tightly integrated. What Matters Most In A Food & Beverage Supply Chain Management System.

Beverage 44

Beverage Supply Chain Planning Software Food Inventory Management Software 44

Logility

JANUARY 16, 2018

Gartner defines demand sensing as "the translation of demand information with minimal latency to detect who is buying the product, what attributes are selling and what impact demand-shaping programs are having.“ This sounds a lot like the definition for demand planning to me.

Supply and Demand 102

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software 102

ThroughPut

FEBRUARY 3, 2023

In today’s market, retailers face immense challenges across the entire length of their supply chains, ranging from rapidly fluctuating customer preferences and demand patterns to supply uncertainties, extended lead times, and constantly increasing customer expectations.

Supply Chain Planning Software 52

Supply Chain Planning Software Demand Planning Software Inventory Reduction Supply and Demand 52

Veridian Solutions

FEBRUARY 11, 2019

Understanding more about the needs and wants of customers can help supply chain leaders make informed decisions, improve inventory management, and increase profitability. In recent months, conversations about how to improve forecasting in the supply chain have focused on a subject: demand sensing.

Supply and Demand 74

Supply and Demand Modeling Supply Chain Execution Demand Planning Software 74

Taulia

OCTOBER 17, 2022

The cash conversion cycle (CCC) : The time in days that it takes a firm to convert investment in inventory and other resource inputs into cash flows from sales. CCC = Days Inventory Outstanding (DIO) + Days Sales Outstanding (DSO) – Days Payable Outstanding (DPO). Free cash flow = Operating cash flow – Capital expenditures.

Optimal Sourcing 81

Optimal Sourcing Expense Reduction Inventory Reduction Forecasting 81

ToolsGroup

OCTOBER 24, 2017

However, she disagrees with DDMRP’s principles of forecasting and the use of demand sensing technologies. She says she believes DDMRP “buffers are only a piece of the answer” and that “forecasting plays a vital role in determining the rules for inventory buffers.” He is a great thinker on inventory planning and demand management.”

Supply Chain Planning Software 185

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 185

Supply Chain Shaman

NOVEMBER 21, 2018

Forecast Value-Added (FVA) is a measurement of demand management improvement. Inventory levels? Slow and obsolete inventory? Five Reasons We Are Not Making Progress on Inventory Management. 2) Forecast Value Added. The Naïve Forecast baselines shipments of the past month to the current month.)

Supply Chain Planning Software 195

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 195

TradeGecko

SEPTEMBER 19, 2018

Sales and inventory demand forecasting are critical to the longevity of any business. Although there’s no crystal ball to predict future trends with 100% certainty, smart demand forecasting is the closest thing to it – and it’s how the most successful B2C and B2B businesses make data informed decisions about the future.

Forecasting 90

Forecasting Supply and Demand Supply Chain Demand Management 90

ThroughPut

NOVEMBER 4, 2021

A capacity-constrained Demand Management System complemented by a strong decentralized Sales and Operations Process offering is the fastest way to achieve organization-wide focus and deliver positive net financial impact. “We said Ali Raza, CEO and Founder of ThroughPut Inc. Partnership Capabilities Overview.

Supply Chain Planning Software 52

Supply Chain Planning Software S&OP Demand Planning Software Supply and Demand 52

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Practical Guides like Plan for Every Part (PFEP) , Demand Forecasting Methods or Stocktaking Procedure.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 70