[PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization

Cerasis

Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. The post [PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization appeared first on Transportation Management Company | Cerasis.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.

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The Inventory Accuracy “Confidence Gap”

Talking Logistics

The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. And it begins with improving their inventory accuracy.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.

[PODCAST] The Role of Supply Chain Technology for More Effective Inventory & Warehouse Management

Cerasis

Listen to “The Role of Supply Chain Technology for More Effective Inventory & Warehouse Management” on Spreaker. Supply Chain Technology Downloadable Resources Why Blockchain will Create Extreme Supply Chain Management Optimization Download White Paper A Guide to Maximize the Use of TMS Download White Paper The Digital Supply Chain: The Landscape, Trends, Types, and the.read More.

Why probabilistic forecasting is better for inventory optimization

ToolsGroup

In this post we’ll explore how probabilistic forecasting not only creates better forecasts, but also improves inventory optimization by improving the stock levels at store and warehouse locations in your distribution network.

Inventory Allocation: How Retailers Can Find the Perfect Balance

Slimstock

For anyone looking to minimize operating costs while maintaining margins, inventory allocation is one area that simply cannot be overlooked! Inventory Allocation Explained – Why You Need a Strategy. Inventory Allocation Rules: What Parameter Should Be in Place?

Digital Inventory Management Key Battleground in Transformation of Brick-and-Mortar Retail

Cerasis

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. Download White Paper.

[PODCAST] Why Digital Tools to Optimize Inventory Management Allows Supply Chain Execs to Stay More Strategic at Every Link in the Supply Chain

Cerasis

On today’s episode, we welcome Margaret Bendis, US Marketing Specialist for a company called EazyStock a cloud-based software-as-a-solution (SaaS) that optimizes inventory management. What is the future of digitization as it relates to inventory management. Download White Paper.

Omni-Channel Logistics Leaders: The Importance of Real-Time Inventory Visibility

Talking Logistics

The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. You can read and download the full report at [link].

IoT Inspired Smart Warehouses Are Reinventing Inventory Management

Cerasis

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity. Download white paper. Let Veridian Help You Reinvent Your Inventory Management Strategy Now In an omnichannel-driven world, inventory management is everything.

4 Ways Sonus Improved Demand Planning and Reduced Inventory by 20%

Kinaxis

To combat its planning issues, Sonus took four steps to improve demand, reduce inventory, and share information better across the entire network. Combining these four steps has enabled Sonus to improve daily operations in demand and supply management, inventory optimization, and S&OP.

Lost Warehouse Inventory? What to Do and When to Write It Off

Cerasis

No one wants to think about lost warehouse inventory, and it can be organizationally frustrating to determine the best process to find, research, and rectify inventory discrepancies. One of the primary reasons a company implements a warehouse management system (WMS) is to know the exact location of their inventory; if the inventory is not there, one might think it is easy to just write that inventory off the books. Download ebook.

22 warehouse pros share the biggest mistakes made with inventory management (and how to avoid them)

6 River Systems

Managing warehouse inventory, on its face, seems a simple concept: Keep enough stock on hand to fulfill orders, but not so much stock that your warehouse is filled to the brim with inventory that won’t move for months (or years).

The Go-To List of Ways to Improve Inventory Management

Veridian Solutions

Today’s warehouse managers need better inventory management strategies. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. Supply chain leaders should follow these key strategies for ways to improve inventory management. The best way to gain improved accuracy and insight into your inventory is to eliminate it from your purview. Download WhitePaper.

Why Omnichannel Supply Chain Success Depends on Inventory Optimization

Veridian Solutions

However, inventory optimization can solve these challenges. What’s Wrong With Current Inventory Optimization Processes? More importantly, failure to optimize space utilization will naturally lead to reduced inventory optimization, says Multichannel Merchant. Download Whitepaper.

How To Improve Your Financial Health With Better Inventory Management

Unleashed

Small business owners may underestimate the importance of good inventory management. However, inventory management can be make-or-break when it comes to financial growth and long-term financial health. In this article, we explain how business owners can manage inventory to improve financial health. What does inventory management have to do with financial health? Essentially, the business needs to have a strong inventory management plan in place.

Retail Inventory Management Tips to Get The Most Out of Your Warehouse

Cerasis

The wrong retail inventory management strategy increases carrying costs and makes it impossible to stay competitive. Common obstacles encountered when it comes to effective inventory management include having poor visibility into fast-moving versus slow-moving product, extensive travel times between bin locations, and lost revenue due to poor labor productivity. Download white paper. Count all physical inventory, using technology where possible.

Leading Challenges in Inventory Visibility and How to Solve Them

Veridian Solutions

Timeliness, speed, and order accuracy are some of the most in-demand aspects of today’s omnichannel world, but significant challenges still exist with inventory visibility. Supply chain leaders need to understand the leading challenges in inventory visibility, and how to solve them. Poor Inventory Accuracy. One problem that plagues inventory visibility is inadequate inventory accuracy. Inefficient Warehouse Layout and Lack of Inventory Oversight.

Nucleus Research: Inventory Optimization Value Matrix

E2open

Inventory optimization solutions are a key lever which can enable companies to streamline operations while maintaining service levels and freeing up working capital. The post Nucleus Research: Inventory Optimization Value Matrix appeared first on E2open® | Demand.

What is Web Based Inventory Management Software?

EMERGE App

You run a lean business model with minimal overheads and using web-based inventory management software plays a big part in this. Some web applications allow you to download and save backup files of your data. And you expect the same standard for inventory management software.

What is Inventory Management?

EMERGE App

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this.

High Inventory Levels: Overcoming the Challenge

EazyStock

High Inventory Levels: A Problem for Everyone. Small- and mid-sized businesses (SMBs) often ignore high inventory levels. But surprisingly, high inventory levels aren’t only a challenge for SMBs; large enterprise corporations are fighting similar battles.

Five Things You Can Do This Week to Reduce Inventory: Part IV

Demand Solutions

We’ve already covered a lot of ground on the topic of inventory reduction. If you don’t believe me, take a look at an excess inventory report sometime. Inventory that is stocked in several warehouses is harder to track—and harder to control.

Five Things You Can Do This Week to Reduce Inventory: Part II

Demand Solutions

In my last blog post , I mentioned that I’d be sharing five steps you can take to start reducing your inventory as soon as this week. If you read my first post and took my advice, you’ve already set a goal for inventory reduction.

White paper: Inventory Management by the “Prevailing Winds”

Herlitz Inventory Management

How can you sustain profitable inventory levels when different departments have conflicting priorities? Inventory. The perceived result is the inventory reduction that the CFO needed, so he then moves on to “bother another department,” as Anders would say.

Five Things You Can Do This Week to Reduce Inventory: Part V

Demand Solutions

In my previous articles on reducing inventory, I’ve explained the importance of setting a goal , fine-tuning your safety stock strategy , reducing your high-side forecast bias , and reducing stocking locations. You’ll end up with a lower average inventory level.

Optimization and Execution: How Manufacturing can lead the Industry Renaissance

DELMIA Quintiq

Unforeseen bottlenecks and constraints constantly delayed productions and the only way to ensure on time deliveries was to expedite, add labor or overstock inventory and WIP; all at great expense. Global manufacturing today faces significant operational challenges.

Digital Inventory Management Key Battleground in Transformation of Brick-and-Mortar Retail

Veridian Solutions

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. As a result, brick-and-mortar retail has become more focused on digital inventory management, a building block in the road to omnichannel supply chains , than in the past. Download WhitePaper.

Five Things You Can Do This Week to Reduce Inventory: Part III

Demand Solutions

I’ve already shared the first two steps you can take to reduce inventory: set a goal , and develop a safety stock strategy. You’re not going to make any lasting headway on inventory reduction unless you can get your sales forecasts under control. Where were we?

Five Things You Can Do This Week to Reduce Inventory: Part I

Demand Solutions

Want to reduce your inventory? And the best inventory reductions are done in a targeted, highly strategic fashion—not blindly and across-the-board. Everybody blames a bad sales forecast for the excess inventory. Take Steps Now to Reduce Inventory.

Planning Seasonal Food Production in Uncertain Times

DELMIA Quintiq

The key challenge is to not over-produce and stock up on excessive inventory , but at the same time be ready for summer by securing on-shelf availability and fulfillment. The impact on inventory and demand will depend on the extent and timing of the pandemic ending.

Food 249

Reduce Your Inventory Costs With These Strategies

Unleashed

One area in which business managers may like to remove unnecessary costs is inventory. Inventory can entail a raft of costs — known and sometimes unknown or hidden — which can really lock up a business’ cashflow. What are inventory costs?

WooCommerce and Inventory Management Software

EMERGE App

Then we’ll examine why you need a robust inventory management system behind WooCommerce. We’ll move on to present EMERGE App as an inventory management solution and the benefits of them working together. EMERGE App is one such add-on for inventory management.

Five Things You Can Do This Week to Reduce Inventory: Part IV

Demand Solutions

We’ve already covered a lot of ground on the topic of inventory reduction. If you don’t believe me, take a look at an excess inventory report sometime. Inventory that is stocked in several warehouses is harder to track—and harder to control.