ToolsGroup

JUNE 11, 2019

With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. This article will share five things you need to know about optimizing inventory in the digital age.

Optimization Software 244

Optimization Software Supply Chain Optimization Supply Chain Planning Software Network Optimization 244

Supply Chain Shaman

MARCH 21, 2024

We explore the concept of holistic inventory strategies focused on the form and function of inventory. In the process, we learn that only 15-20% of inventories are safety stock and that the current APS frameworks do not enable a holistic analysis of the form and function of inventory. Education and leadership.

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

My Office Apps

JULY 19, 2023

Efficient Consumable Inventory Management: Tips for Success in Supply Chain Optimization Welcome to the ultimate guide to efficient consumable inventory management! Understanding Consumable Inventory Consumable inventory plays a crucial role in various businesses and industries.

Inventory Management Software 54

Inventory Management Software Inventory Management Inventory Reduction Inventory 54

Supply Chain Game Changer

FEBRUARY 4, 2020

That was the start of Supply Chain education. What is missing in Supply Chain education and certification? A course in Procurement, a course on Inventory management, a course in negotiation, and so on. Before training and education in the basics was needed because the jobs to be done were transactional.

Education 67

Education Negotiating Skills Supply Chain Design Software Supply Chain Planning Software 67

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. Or planned orders to purchase orders?)

Supply and Demand 370

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 370

QAD

MARCH 30, 2023

As I discussed in a recent article in RFID Journal , RFID technology has changed a lot since 2005 and could be the secret to ensuring greater visibility and inventory accuracy this year. and bring inventory accuracy up to an impressive 99.9%. Inventory tracking is the most successful use case for RFID technology.

Manufacturing Procurement 92

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 92

Supply Chain Shaman

FEBRUARY 26, 2024

The company aligns channel requirements with available donors and successfully drives bi-directional orchestration programs to manage the reverse bill of materials (red cells and plasma) and demand-shaping campaigns to drive the right donors to the blood drives based on inventory levels. Analyze inventory health.

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

Logility

MARCH 11, 2024

Ngabire is the cofounder of Code4dev Foundation, a non-profit organization that promotes computer literacy, inspires innovation, and bridges the digital divide by providing computers and supply chain education to students in Burundi, Africa. It also provides advertisers the analytics, data, and ability to reach their target audience.

Logility 211

Logility Supply Chain Planning Software Demand Planning Software Supply Chain Design Software 211

Requis

SEPTEMBER 24, 2020

Muddassir Ahmed is a supply chain strategist, researcher, and educator. He is the founder of the SCMDOJO blog, podcast and educational platform , and is a widely celebrated thought leader with a large following. SCMDOJO has launched an education nexus. You can read more about Muddassir’s background below. Several things.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Design Software Education Supply Chain Software 75

Unleashed

MAY 14, 2023

Although it’s normal for product-based businesses to have some level of inventory shrinkage, it must be kept under control. We’ll discuss everything you need to know about inventory shrinkage, how it pertains to inventory accounting , and 10 effective strategies for preventing or reducing inventory shrinkage.

Inventory Reduction 52

Inventory Reduction Journal Inventory Inventory Management Software 52

Logistics Bureau

FEBRUARY 14, 2022

Having published two of the interviews already in the last few weeks, I’ve gone ahead and written up the final one for you, in which Deborah talks about some key things that supply chain professionals get wrong when dealing with inventory. 3 Things Supply Chain Pros Get Wrong in Inventory Thinking. So let’s get right into it.

Inventory 85

Inventory Forecasting How To Supply Chain Planning 85

GlobalTranz

JANUARY 8, 2015

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.

Inventory Reduction 120

Inventory Reduction Agile and Lean Supply Chain Lean Waste Reduction 120

Unleashed

NOVEMBER 5, 2023

A barcode inventory system allows goods to be tracked along the supply chain and within a company’s storage facilities. It uses technology such as barcode scanners and barcode inventory software to improve the accuracy of your inventory management processes. What is a barcode inventory system? Let’s get right into it.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 52

RFgen

MAY 4, 2023

Key Takeaways: Using outdated inventory management software impacts operational efficiency in ways you may not realize. Address aged-out software by upgrading to a modern inventory solution built on a configurable mobile platform. Inventory management is the lifeblood of any business. One such hidden area is security.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Inventory Management Security 52

Supply Chain Game Changer

SEPTEMBER 21, 2021

Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. What should our post pandemic inventory priorities be? Pre Pandemic Inventory Management Priorities.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Modeling 52

Supply Chain Game Changer

SEPTEMBER 29, 2020

Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. Too much inventory, especially the wrong inventory, can negatively impact cash flow, return on investment, customer satisfaction, and profitability. Order our EBOOK HERE. A Process Based Approach.

Inventory Reduction 90

Inventory Reduction Optimal Sourcing Pricing Training Inventory 90

Logility

JUNE 7, 2017

Although I didn’t appreciate it at the time, my engineering education laid a strong foundation that has helped me be as successful as possible in whatever I did. Two powerful levers a company can use to optimize inventory are “Working Capital” and “Customer Service Levels.”

Modeling 102

Modeling Inventory Reduction Optimization Modeling Supply Chain Optimization 102

Logistics Viewpoints

DECEMBER 5, 2023

Assess Third-Party Vendors: Warehouse and DC operators often work with third-party vendors for logistics and inventory management. Employees must be educated on the importance of strong passwords, phishing scams, and the potential risks of downloading malicious software.

Supply Chain Planning Software 239

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Supply Chain Network Software 239

Unleashed

SEPTEMBER 7, 2021

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. Hence, some companies will find corded barcode scanners to be all they need, where other companies require wireless scanners to support their online inventory management.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Reduction Inventory 96

Supply Chain Matters

JUNE 10, 2022

In our Supply Chain Matters commentaries focused on online customer fulfillment and especially the 2021 holiday fulfilment period, we cautioned retail and consumer goods supply chain management teams to be watchful for the bullwhip effect in inventory planning and replenishment needs to support expected customer demand.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply Chain Planning 52

Logistics Viewpoints

MARCH 27, 2024

MODEX 2024, held in Atlanta, Georgia, from March 11 to 14, attracted more than 35,000 attendees and featured over 150 educational sessions, keynote speakers, and networking events. The robots can perform various tasks, such as transporting goods, picking orders, sorting items, and replenishing inventory.

Analytics Software 214

Analytics Software Predictive Analytics Software Optimization Software Supply Chain Network Software 214

Kinaxis

JUNE 29, 2015

by Andrew Dunbar The modern day inventory manager described in this series is the backbone of your company’s inventory planning process. She has a strong understanding of supply chain fundamentals and is an expert at controlling the key levers impacting the inventory company’s investment in inventory. Closed Loop.

Inventory Management Software 100

Inventory Management Software Inventory Management Supply Chain Planning Software Predictive Analytics Software 100

Logility

JANUARY 26, 2024

A poll during one of our recent webinars on AI-first supply chain planning showed that 76% of surveyed companies were in the educational stage of adopting Generative AI in supply chain. A significant challenge lies in the need for leaders to be educated on effectively leveraging AI. The same holds for the supply chain organization.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 216

Logistics Viewpoints

JANUARY 22, 2024

The US Department of Labor reports that 100,000 Uyghurs and other ethnic minority ex-detainees in China may be working in conditions of forced labor following detention in re-education camps. Historically, an OOM has access to all the company’s inventory. 5,562 shipments were detained at the US border since enforcement began.

Supply Chain Optimization 233

Supply Chain Optimization Modeling Supply Chain Software Optimization Software 233

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Logility

NOVEMBER 30, 2023

In one of our recent webinars, a poll showe d 76% of the 100 attendees were in the educational stage of adopting Generative AI in their companies. Inventory optimization Applying artificial intelligence to inventory management provides immediate insights into inventory performance against the plan.

Supply Chain Planning Software 177

Supply Chain Planning Software Modeling Supply Chain Software Scenario Planning 177

Unleashed

MAY 8, 2019

Successful inventory control enables retailers to meet customer demand by avoiding stockouts and reducing the risk of overstocking to free-up cashflow. It is crucial in the world of eCommerce, for even the smallest online retailer to have effective inventory control. Here’s how to make the ABC analysis work for your inventory.

Inventory Reduction 75

Inventory Reduction Inventory Management Software Forecasting Software Demand Planning Software 75

Logistics Viewpoints

FEBRUARY 17, 2022

In the case of this retailer, all its major operational aspects – such as directed put away, replenishment, and inventory management – were running just fine. Improved inventory management capabilities. Your WMS requires a sizable investment of time educating new employees on its use. Supply chain planning tools.

Optimization Software 200

Optimization Software Supply Chain Design Software Price Mitigation Strategies Supply Chain Planning Software 200

ToolsGroup

JANUARY 25, 2021

ToolsGroup is how organizations achieve their target service levels while optimizing inventory—no matter how complex their supply chain is or how much demand changes. No matter their industry, ToolsGroup customers raise service levels while reducing inventory. Our customers commonly achieve: 10-30% reduction in inventory.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Software Optimization Software 156

Logility

NOVEMBER 20, 2023

We get a transformative shift that allows companies to plan demand and inventory at the sheer speed of the market. Companies are now equipped to plan demand and inventory with unparalleled speed, aligning their strategies more closely with real-time market demands. In supply chain planning, this translates to a transformative shift.

Forecasting 216

Forecasting Forecasting Software Inventory Reduction Waste Reduction 216

American Global Logistics

NOVEMBER 2, 2021

Yet, we can make an educated guess. The post Expect Supply Chain Bottlenecks, Container Shortages, and Inventory Shortages to Continue … appeared first on AGL. But a definitive answer is elusive. We can do that by assessing the dynamics driving these disruptions, In this post, we’ll look at the causes of today’s disruptions.

Inventory 40

Inventory Supply Chain Education Supply and Demand 40

ToolsGroup

JULY 6, 2023

IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. We are proud to be one of the top 100 again for 2023! Access the report here.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Inventory. My takeaway?

Optimal Sourcing 229

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 229

Supply Chain Shaman

JULY 19, 2020

They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. When we look at public companies at the intersection of operating margin and inventory turns or growth and Return on Invested Capital. Redesign and Constantly Design for Value.

Supply Chain Design Software 400

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 400

Logistics Bureau

DECEMBER 3, 2017

We’d like to know what you believe your managers and staff need from a supply chain education program. … Well… As you may know, we have an education division in our group called Supply Chain Leaders Academy, and every so often we like to make sure our program is still up-to-date and relevant. Inventory management.

Education 40

Education Purchasing Skills Buyer Training Supply Chain Design Software 40

Supply Chain Game Changer

FEBRUARY 15, 2022

This is very much the core of Supply Chain education and certification as well. It begins with Education and Certification. A well rounded education, or certification, increases the value and the perspective that anyone will bring to their job. Typically they would pick one area of Inventory Management to tackle first.

Supply Chain Design Software 92

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Management Software 92

Supply Chain Game Changer

NOVEMBER 19, 2018

We’ve written about how the industry can fill the burgeoning gap in talent: by increasing educational opportunity, doing more outreach to young people, and improving communication about the vast career potential in the field – a field that until recently was stereotyped as transactional, hidebound and, in a word, boring.

SCM 44

SCM Education Supply Chain Planning Software Supply Chain Planning 44