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

Cerasis

Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. Supply Chain Resources to Download The Supply Chain Trends to Know in 2020 Download White Paper Why Blockchain will Create Extreme Supply Chain Management Optimization Download White Paper Revenue Growth At The Hand Of Improved Digital Supply Chains Download White Paper The.read More. Inventory Management Podcast Supply Chain Inventory Forecasting

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

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[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.

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. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently? IO uses powerful analytics to generate the right inventories to meet demand, address demand volatility, and achieve targeted service levels.

3 Mistakes Organizations Make While Developing ABM Programs

While B2B research suggests organizations are thriving through successful ABM programs, getting just one campaign off the ground is more difficult than it seems. From building an account universe to understanding to orchestrating sales and marketing alignment around touchpoint and messaging, there are a number of variables to consider before launching a program.

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. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently? IO uses powerful analytics to generate the right inventories to meet demand, address demand volatility, and achieve targeted service levels.

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. To understand the relationship between probabilistic forecasting and inventory, view your supply chain as a dynamic system, subject to uncertainty and unpredictable change. which then provides better information from which to decide how much inventory to stock.

What’s New in Inventory Optimization?

ToolsGroup

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability. He reiterates why his firm sees inventory optimization (IO) solutions as so important. Interestingly, he notes that while most companies justify inventory optimization based on inventory savings, improving service to customers is actually the biggest motivation and payback in most projects.

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. 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 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. How sound inventory management improves the supply chain, and what are the adverse impacts to the supply chain due to poor inventory management. What is the future of digitization as it relates to inventory management. Download White Paper. DOWNLOAD EBOOK.

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! Succeeding in today’s complex omni-channel environment means striving to achieve the perfect inventory allocation across multiple locations at a time when it has never been more difficult or costly. Inventory Allocation Explained – Why You Need a Strategy. Inventory Allocation Rules: What Parameter Should Be in Place?

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.

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.

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.

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

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: Top 5 Inventory Insights ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada. You can read and download the full report at [link]. Performance Leaders Have Greater Real-Time Inventory Visibility Across Supply Chain Nodes.

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.

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.

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.

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. Some of the most significant benefits has been to drive projections, which facilitated a decrease in required warehouse space and an overall inventory reduction of 20%. Combining these four steps has enabled Sonus to improve daily operations in demand and supply management, inventory optimization, and S&OP.

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? Apart from organizations that have recently invested and implemented newer warehouse management systems (WMS) and automated processes, current inventory optimization relies on outdated systems. More importantly, failure to optimize space utilization will naturally lead to reduced inventory optimization, says Multichannel Merchant. Download Whitepaper.

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. In the 2017 edition of the Inventory Optimization Value Matrix, Nucleus analyzed solutions from 17 vendors based on the usability and functionality, with the leading solutions delivering value to customers with better visualizations, greater automation and machine learning capabilities, and more accurate forecasts.

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).

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. Nowadays it refers to inventory management software because computational power is needed to effortlessly calculate, for example, landed costs for purchases and CBM for your packing lists.

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. In the distant past, before we envisioned web applications or the ability to download gigabytes in minutes, software burnt to a CD or DVD required a unique product key. Some web applications allow you to download and save backup files of your data. And you expect the same standard for inventory management software. Introduction.

2019 Forecasting and Inventory Benchmark Study

Supply Chain Brain

What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind. This public version of the study provides the “state of the nation” for forecasting, inventory and supply performance in North America.

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. In fact, imbalances in inventory occur in companies of every size and in every industry. However, depending on the circumstances, there can also be advantages to having high inventory levels.

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 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. So, if you’re serious about reducing inventory, your next step is to reduce stocking locations. Why Multiple Stocking Locations Cause Inventory Bloat.

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. Well, now that you've committed to reducing your inventory by a specific amount within a set timeframe, you’ll need to make sure you can still maintain your desired customer service levels.

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. The fifth thing you can do this week to reduce inventory is to spin the A’s. According to ABC Inventory concepts, “A” items make up just 20% of our product list but account for 80% of our sales. How to Reduce Your Average Inventory Level.

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. When Anders Herlitz lead E3 and gave lectures at the Inventory Management Institute, his favorite part of the Executive School was when he described the business phenomenon referred to as “prevailing winds.”. 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 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. They maintain safety stock or safety time inventory (which we discussed in my previous article) to fill customer orders during these periods. Lower replenishment plans should lead to lower inventory levels.

WMS and Cycle Counting: How to Reach Inventory Management KPIs

Veridian Solutions

Greater control and efficiency in modern warehouse management rests on the reliability and accuracy of your inventory management processes. Warehouse Managers need to understand the challenges of cycle counting, how the right KPIs can help, and how to leverage WMS and cycle counting best practices to develop the best inventory management KPIs. Download WhitePaper. Which Inventory Management KPIs Are the Best? Carrying cost of inventory.

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Here’s How to Make Your Next Supply Chain Software Evaluation Agile Instead of Agonizing

ToolsGroup

Try our online benefit calculator for a fast, accurate estimate of your supply chain planning opportunity in the areas of revenue, net profit, inventory reduction and inventory holding cost. Download your complimentary Gartner software assessment report.

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. ” In fact, practically any supply chain professional—not to mention, CFO—would jump at the chance to reduce their inventory. For one thing, some company cultures are so geared towards customer service that any effort to reduce inventory will be seen as a threat to filling customer orders.