Logistics Viewpoints

MARCH 27, 2023

As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. This leads to lower inventory carrying costs and thus better case flow. Demand forecasting should be tightly integrated to an inventory optimization application.

Forecasting 271

Forecasting Forecasting Software Modeling Optimal Sourcing 271

Supply Chain Shaman

OCTOBER 11, 2023

We speak about the need to move from a functional understanding to a global, holistic capabilities, but the traditional supply chain leader defines bonus incentives and process performance goals based on functional metrics. Measurement. Organizations speak of the bullwhip, but don’t measure it or monitor the effects.

Supply Chain Planning Software 417

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 417

Supply Chain Shaman

JUNE 30, 2018

Companies with the lower score on the Index are driving faster rates of metrics improvement. Energizer and Unilever are driving the fastest rates of improvement and Clorox and P&G improvement rates are the slowest on the Metrics That Matter of Growth, Operating Margin, Inventory Turns, and Return on Invested Capital (ROIC)).

Supply Chain Design Software 218

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 218

Kinaxis

SEPTEMBER 17, 2014

So a scheduler at one plant has no visibility as to the inventory position, capacity or material supplies at another plant. In our drop in situation, you could have sufficient inventory at a different site but never know it because you can’t see it. The only recourse is to pick up the phone or pound out an email to find out…or guess.

Supply Chain Planning Software 263

Supply Chain Planning Software Supply Chain Design Software Supply Chain Visibility Modeling 263

RFgen

DECEMBER 5, 2024

Keeping up with customer demands, managing inventory, and making sure everything runs smoothly — it’s a lot to handle. Must-have features, like real-time inventory tracking and barcode scanning. Running a warehouse these days feels like a constant juggling act, right? There’s a better way.

Inventory Management Software 97

Inventory Management Software Supply Chain Design Software Optimization Software Supply Chain Planning Software 97

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

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. inventory turns. for inventory turns define best-in-class performance? for inventory turns define best-in-class performance?

Supply Chain Design Software 271

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 271

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.

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Material Savings Inventory 100

Supply Chain Shaman

OCTOBER 8, 2017

If we look back at history, 70% of companies implemented Vendor Managed Inventory (VMI), however two-decades later only 1% of companies use VMI processes to drive a better demand signal. I do believe in demand planning, but most companies overstate forecast improvements. ” I am in the middle. Everyone has a bias.

Supply and Demand 199

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 199

ToolsGroup

DECEMBER 16, 2021

Intelligent demand management software is the key technology enabler of lean retail merchandise management. Inventory is retailers’ greatest asset AND liability. Nearly all of most retailers’ capital is tied up in their inventory, so it’s crucial to make sure that every item counts. Retailers are losing $1.75

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

Supply Chain Shaman

JUNE 15, 2018

My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies. Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together. This is especially true for the Titans.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

ModusLink Corporation

SEPTEMBER 7, 2023

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Silvon Software

JANUARY 25, 2023

The demand planning process must be easily understood and should convey who does what, and by when. At a minimum, sales should start with a statistical base forecast and historical data provided by the demand manager and make incremental changes each month. Tie forecast metrics to operational and financial metrics.

Supply and Demand 119

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 119

Logistics Viewpoints

SEPTEMBER 25, 2024

In retail environments, IoT-enabled systems manage inventory levels and provide feedback about stock conditions, further enhancing the DPP’s accuracy. Even at the end-of-life stage, IoT plays a role by helping track recycling and disposal processes, ensuring that materials are managed correctly.

Internet of things 284

Internet of things Real-time Visibility Supply Chain Design Software Supply Chain Network Software 284

Kinaxis

FEBRUARY 5, 2015

The author, Osgood Vogler, Director, Analytics, Celestica Supply Chain Managed Services, describes an insight-based demand management process: So, how do you take the guesswork out of forecast planning? Demand planning has a big impact on business performance. How predictable is the demand? Let’s find out.

Forecasting 100

Forecasting Supply Chain Planning Software Forecasting Software Scenario Planning 100

ShipBob

OCTOBER 24, 2022

You never really know how it will all turn out, yet you need to be able to answer questions like these: How many units of inventory do you need to have on hand to be at full stock for each SKU? How often do you project to replenish inventory ? Maybe you only have a slight understanding of demand for your products.

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

Vinculum

JUNE 3, 2020

Inventory management plays a vital role in building a sustainable, scalable and profitable eCommerce business. No matter how expert you are, how bigger or smaller your business may be, what products you sell, or who do you serve, lack in your inventory management can bring bigger challenges in your business success.

Inventory Management Software 59

Inventory Management Software Forecasting Software Supply Chain Planning Software Demand Planning Software 59

Supply Chain Shaman

AUGUST 26, 2015

” Today, I know of less than twenty-five companies that actively sense demand, and while we talk about the use of channel data and the building of demand sensing processes to use channel data, it is still an elite group of supply chain leaders that are perfecting the techniques. And, what will signal an upturn?”

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Logility

JANUARY 16, 2018

Sometimes demand planners focus too much on forecast accuracy and miss seeing the forest for the trees. I was guilty of this from time to time when I led a demand-planning group because we were evaluated on forecast accuracy as one of our key metrics. Here in lays the crux of the issue with demand sensing.

Supply and Demand 102

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

Logility

FEBRUARY 23, 2022

and Demand Management, Inc., This marks Logility’s seventeenth year and Demand Management’s thirteenth year of recognition. During the quarter, Demand Management announced a strategic partnership with Royal Cyber, a leading IT consultancy and solutions provider. Demand Management, Inc.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Demand Planning Software 130

Supply Chain Opz

JUNE 1, 2014

Jobs believed that Apple'' supply chain was too complex then both of them reduced the number of product availability and created 4 products segment, reduced on hand inventory and moved the assembling activities to Asia so they could focus on developing the breathtaking products that people wanted to buy.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Talking Logistics

APRIL 27, 2015

The first element are the comprehensive set of strategies covering all the functional elements of your supply chain, including supply management, procurement, demand management, production, inventory management, distribution, customer service, and reverse logistics.

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

Arkieva

JUNE 28, 2016

We might use “availability in Excel directly or with Add-ons” as an “age metric’.). Demand Management. Moving from a point estimate of demand to capturing the likelihood in a usable fashion. Identify latent demand opportunities. Demand Shaping based on buy patterns and your production and inventory capabilities.

S&OP 92

S&OP Procurement Analytics Analytics Software Supply and Demand 92

Material Handling & Logistics

OCTOBER 11, 2017

The longer the lead time is, the more inventory you will need to hold and the greater the risk that you will have shortages of the things you really need. Many companies try to overcome this problem using ERP systems, demand management tools and other advanced software. I am paying half the price so I am prepared to wait.”.

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Lean Inventory Reduction Price Reduction 83

BlueYonder

APRIL 24, 2023

Across that complex value chain, every second of every day, each partner is digitally contributing information about costs, timing, inventory levels, product availability and other key metrics. The end result?

Optimal Sourcing 97

Optimal Sourcing Modeling Optimization Software Supply Chain Optimization 97

Supply Chain Shaman

MARCH 8, 2016

Over the last decade the use of Terra Technology’s DS product improved short-term demand forecasts by 37% at 13 consumer products, and food and beverage companies. In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. I hope that this helps.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Taulia

OCTOBER 17, 2022

The measurement of cash flow is key to efficient cash flow management. Key metrics for measuring cash flow include: 1. 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. Shortening the cash conversion cycle.

Optimal Sourcing 81

Optimal Sourcing Expense Reduction Inventory Reduction Forecasting 81

The Smart Software

MARCH 13, 2019

Consider what is meant by “demand management”, “demand planning”, and “forecasting”. These terms imply certain standard functionality for collaboration, statistical analysis, and reporting to support a professional demand planning process.

Forecasting 72

Forecasting Forecasting Software Supply and Demand Supply Chain Planning Software 72

Logistics Bureau

JANUARY 1, 2025

ABC Analysis: A form of Pareto analysis applied to a group of products to enable selective inventory management controls. The inventory value for each item is obtained by multiplying the annual demand by unit cost and the entire inventory is then ranked in descending order of cost.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 76

QAD

FEBRUARY 12, 2025

Updated: February 12, 2025 Published: October 24, 2023 The main goal of demand planning is to strategically balance inventory levels so that theres enough stock to satisfy customer demands without having to pay for excess inventory. Want to Know More About Demand Planning? Lots and lots of data is great at times.

Supply and Demand 52

Supply and Demand Modeling Supply Chain Planning Software Demand Planning 52

Aera Technology

NOVEMBER 2, 2017

We often lack the basic cross-business visibility we need to address the core challenges of reducing inventory, trimming costs and improving service level. The self-driving supply chain is a growth driver for businesses, it drastically reduces time to market for new innovations while managing inventory, cost, speed and quality of service.

Supply Chain Software 58

Supply Chain Software Prescriptive Analytics Software Supply Chain Optimization Agile and Lean Supply Chain 58

ThroughPut

MAY 22, 2024

Following this, data sources are identified and shared, and success metrics and business outcomes are defined so that everyone works toward the same goals. Step 3: Metric Selection During the next step, we focus on validating key metrics. can provide tangible indicators of success.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Supply Chain Software 52

Logistics Bureau

NOVEMBER 16, 2020

These include the following: Certified Purchasing Manager (CPM): The course is designed to recognise those who have acquired an acceptable level of training, skills, work experience, and effectiveness as a Professional Manager. Finance managers. They also need to keep a check on inventory levels and identify obsolete stock.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 98

Arkieva

JUNE 16, 2016

Good handling of market demand data is one of the most vital concepts in any supply chain. The correct management of demand information can greatly influence the level of integration and responsiveness, and has a direct impact on customer service and inventory levels. Hold a demand review meeting.

Supply and Demand 60

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 60