Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. Note in Figure 1 the gaps from recent research between supply chain planning and manufacturing, logistics, and sales. Inventories increased by 44% due to supply chain volatility. The rules are changing: Demand.

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Improved Customer Satisfaction A structured department is better equipped to handle customer demands. Logistics Logistics involves managing the transportation and delivery of goods.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Logistics Viewpoints

FEBRUARY 21, 2022

S upply chain planning requires constraints to be mapped. This configuration screen shows how Solvyouo maps transportation constraints. The primary payback for demand and supply solutions comes in the form of reducing the amount of raw material, work-in-process, and finished goods inventory a company needs to carry.

Supply Chain Planning Software 257

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 257

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

SYSPRO Smarter ERP

APRIL 24, 2023

SCOR Processes To measure and monitor the performance of these processes, the SCOR model also has metrics which can be used for supply chain performance — Reliability, Responsiveness, Agility, Cost, Profit, and Asset Management, and has recently added metrics for Environmental and Social attributes.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Logistics Viewpoints

JUNE 26, 2023

Beery concluded that the best transformation projects would be, one, improved supply chain planning. The second goal was to work with a fourth party logistics (4PL) partner that had invested in cutting-edge transportation management and visibility solutions. The company chose 4Flow to do transportation planning and execution in Europe.

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

ToolsGroup

OCTOBER 11, 2017

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. You must be able to make a direct link between the forecasting accuracy improvement and customer service, cost, efficiency, inventory, cash flow or capability improvements,” says Gartner.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

SCMDOJO

FEBRUARY 20, 2023

It involves various activities, such as warehousing, inventory management, transportation, and logistics. Effective Distribution Operations require careful planning, coordination, and execution to ensure that products reach their intended destinations in a timely and cost-effectively.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

Supply Chain Shaman

JUNE 5, 2013

Integration of corporate social responsibility metrics in planning. Recognition of asset strategies in go-to-market plans. Ad hoc design planning often focused on a function of the supply chain. Organization has a clear understanding of the importance of planning data. Focus is on matching demand and supply.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 216

Supply Chain Shaman

JANUARY 2, 2023

(The planning team was defending the status quo without questioning current practices and how to improve them.) The question was, “How can I redefine demand planning processes to use channel data?” Starting to understand the issue with multi-tier demand planning? Granularity also differs.

Supply and Demand 358

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 358

Logistics Viewpoints

OCTOBER 25, 2021

Here “near real-time” is defined as a refresh of key metrics every five minutes. In fact, going forward, they want to pull data from demand planning, the ERP, the plant, and transportation to create real-time supply chain visibility that spans beyond the warehouse. Final Thoughts.

Real-time Visibility 173

Real-time Visibility Analytics Software Supply Chain Planning Software Demand Planning Software 173

Unleashed

DECEMBER 11, 2022

That’s why, with so many possible variables to track, it’s critical to know which metrics matter most. However, tracking 50 irrelevant warehouse metrics is far less valuable than tracking a few hyper-useful ones. This KPI helps you understand the efficiency and accuracy of your demand planning and forecasting processes.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

ThroughPut

DECEMBER 6, 2023

Businesses can access historical data, market trends, and other external factors and, by plugging in predictive analytics, gain invaluable insights that streamline inventory management, demand forecasting, transportation planning, risk mitigation, and overall decision-making processes.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Supply Chain Game Changer

JULY 21, 2021

Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. It encompasses all of the supply chain costs associated with your products such as sourcing, producing, transporting, storing (etc).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

ThroughPut

SEPTEMBER 29, 2022

Dual Cascading Waterfalls: This graph compares the contributions of each area of impact on the net profit metric to assimilate all the interrelationships and dependencies that are an inherent part of the modern supply chain. Key Financial Capabilities.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Resource Reduction Inventory Reduction 52

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Optimize spare part inventories.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 278

ToolsGroup

MARCH 5, 2019

This, together with lack of visibility, poor planning capability and outdated assets due to high cost of capital, results in ad hoc decisions made in functional silos that are more focused on cost and inventory risk avoidance and less on service, thereby contributing to inefficient (and often, inflexible) supply chain processes.”

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 159

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

Logility

APRIL 8, 2014

Bryan Ball highlighted the top disruptive supply chain trends including the increasing speed of business, talent and training, and measurement and metric alignment. A few notable examples: American Hotel Register revealed an aggressive attitude toward continuous improvement of its demand and supply planning system.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Optimization Supply Chain Planning Supply Chain Strategy 100

BlueYonder

NOVEMBER 15, 2021

which is constantly monitoring the end-to-end supply chain in real time for exceptions — identifies the missed delivery, supply planning engines apply AI to fill supply gaps, including the identification of alternative suppliers and excess inventory across the network. Transportation management. Demand planning.

Supply Chain Planning Software 82

Supply Chain Planning Software Supply Chain Software Supply Chain Optimization Supply Chain Planning 82

E2open

MARCH 1, 2018

Store demand in general was a theoretical concept, sometimes heard about and seldom utilized. . Now, however, since Walmart’s DCs and stores won’t be storing inventory in excess of optimal levels determined by demand and supply characteristics, they’ll effectively be passing the end consumer demand through to CPG companies.

Supply and Demand 60

Supply and Demand Forecasting Modeling Supply Chain Planning Software 60

E2open

MARCH 1, 2018

Store demand in general was a theoretical concept, sometimes heard about and seldom utilized. . Now, however, since Walmart’s DCs and stores won’t be storing inventory in excess of optimal levels determined by demand and supply characteristics, they’ll effectively be passing the end consumer demand through to CPG companies.

Supply and Demand 60

Supply and Demand Forecasting Modeling Supply Chain Planning Software 60

Supply Chain Shaman

JANUARY 30, 2019

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. ” (Each mode of transport has different comparison reference data.). The lack of progress is troubling. This can take many forms.

Supply Chain Planning Software 167

Supply Chain Planning Software Modeling Software Analytics Software Demand Planning Software 167

Enterra Insights

AUGUST 14, 2018

. “The frequency of the plan needs to be common across the organization. If one business has a weekly planning system, and another has a monthly system, good luck!” ” Metrics Definition. Examples of algorithmic optimization used in the supply chain include: Inventory Optimization. Supply Optimization.

Supply Chain Planning Software 100

Supply Chain Planning Software Scenario Planning Prescriptive Analytics Software Supply Chain Planning 100

DynaSys

FEBRUARY 3, 2021

Some examples may be rules restricting availability of transport stock and routes, laws limiting workforce liberties or effectiveness, short-term working capital guidelines, etc. You also need to assess quickly where the marketplace will be after any run on inventory” according to Pat Bower, Director of Demand Planning at Combe.

Modeling 97

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 97

Supply Chain Shaman

APRIL 15, 2015

There is greater satisfaction with demand planning than supply. The fit of the data model to adequately reflect a feasible plan drives success. This week, I am finishing two reports: Sales and Operations Planning, and Inventory Optimization. Here are the links to the studies: Inventory Management.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 150

ThroughPut

APRIL 10, 2020

For manufacturers specifically, Logistics Management Software helps in the following activities: Overall supply and demand planning Effective order processing Inbound and outbound transportation management Inhouse warehouse and inventory management Fleet coordination Managing external logistics service providers.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Manufacturing Procurement Supply Chain Planning Software Handbook 52

ThroughPut

APRIL 10, 2020

For manufacturers specifically, Logistics Management Software helps in the following activities: Overall supply and demand planning Effective order processing Inbound and outbound transportation management Inhouse warehouse and inventory management Fleet coordination Managing external logistics service providers.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Manufacturing Procurement Supply Chain Planning Software Handbook 52

ThroughPut

APRIL 10, 2020

For manufacturers specifically, Logistics Management Software helps in the following activities: Overall supply and demand planning Effective order processing Inbound and outbound transportation management Inhouse warehouse and inventory management Fleet coordination Managing external logistics service providers.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Manufacturing Procurement Supply Chain Planning Software Handbook 52

Supply Chain Shaman

AUGUST 14, 2016

A demand network translates demand across multiple parties. The focus is on channel data: price; inventory positions; and policies. As markets shift, a demand network enables a clear understanding of market positions with minimal latency. Demand Sensing. Channel Sensing. Customer Segmentation. Order Policy.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

ThroughPut

MAY 25, 2021

This stage of S&OP analyzes factors such as marketing, the introduction of new products, product hierarchy, consumer trends, and more to create a demand plan. Historic performance is factored in and is combined with statistical forecasting and inputs from consumers and marketing plans to find any demand or revenue gaps.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning S&OP 52

ThroughPut

MAY 25, 2021

This stage of S&OP analyzes factors such as marketing, the introduction of new products, product hierarchy, consumer trends, and more to create a demand plan. Historic performance is factored in and is combined with statistical forecasting and inputs from consumers and marketing plans to find any demand or revenue gaps.

S&OP 52

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

ThroughPut

MAY 25, 2021

This stage of S&OP analyzes factors such as marketing, the introduction of new products, product hierarchy, consumer trends, and more to create a demand plan. Historic performance is factored in and is combined with statistical forecasting and inputs from consumers and marketing plans to find any demand or revenue gaps.

S&OP 52

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