article thumbnail

Lean Inventory: Using Lean Initiatives To Manage Inventory

GlobalTranz

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.

article thumbnail

The Forecasting Accuracy Bugaboo

Logistics Viewpoints

How much will demand be impacted? When companies talk about improving their forecasting, they are most often referring to demand forecasting. Demand forecasting is the process of making future estimations of how much of a given product will sell by location and time period. This increases sales.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Speed up your eCommerce Business with Inventory Management Software

Vinculum

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.

article thumbnail

Logility Recognized Among SupplyChainBrain’s 100 Great Supply Chain Partners

Logility

“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.

article thumbnail

Demand Management’s Partner in Crime – Central Planning

Arkieva

Arguably the two most important core components of managing the supply chain or demand-supply network are demand management (DM) and Central Planning (CP). CP is sometimes referred to as master planning or supply planning.

article thumbnail

American Software Reports Fourth Quarter and Fiscal Year 2022 Results

Logility

Next Level Apparel – one of the leading wholesale producers and sellers of premium quality blank apparel in the United States – implemented the Logility ® Digital Supply Chain Platform to modernize its demand and inventory planning processes. Demand Management, Inc. Customers of New Generation Computing, Inc.

article thumbnail

The Next Great Disruption Coming to Supply Chains

Kinaxis

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Sure, we’re concerned, and in some cases stocking more inventory at local distribution centers. Some people call this “Big Data”.

Modeling 263