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Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. I was speaking to a frustrated CFO last week that said, “If I had 1% of the money spent on technology to improve inventory management, I would be a rick man.” Most planning happens in Excel Spreadsheets.

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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. Probabilistic demand forecasting, in contrast, provides a full probability distribution, revealing actual purchasing patterns and enabling inventory planners to align stock levels with demand realities.

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Inventory Life Cycle: Your Guide to Master Inventory Management

SCMDOJO

Leveling up your inventory life cycle can be crucial, but keeping all the fundamental factors jumping is essential to let the life cycle evolve. However, if the life cycle stock is healthy, inventory management is smooth. Inventory management revolves around the pivotal concept of the product life cycle.

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Manufacturing ERP Software Comparison: Guide to Buying in 2025

RFgen

Think of it as a single source of truth for everything from production planning and inventory management to financials, supply chain, and even the shop floor. JD Edwards EnterpriseOne: This platform specializes in discrete manufacturing , excelling in areas like shop floor control, quality management, and detailed product costing.

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Dancing in the Ring of Fire

Supply Chain Shaman

Each executive has a different perspective on the definition of supply chain excellence, but they are never discussed and aligned. His organization purchased an advanced planning technology from well-known best of breed provider, and the implementation should have been successful, but it was not. What Is The Ring of Fire?

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Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

Supply chain excellence is easier to say than to explain. Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP. Keith was an undisputed leader in building talent to drive manufacturing excellence. The reason? Discontinued in 2011.

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Blind Shipping: Solution for Inventory & Labor Challenges

GlobalTranz

If so, optimizing your inventory management strategy can be a game-changer. Below, we outline three ways blind shipping can help optimize your logistics, keep inventories healthy and save you money! Ideal for: Businesses with seasonal products or fluctuating demand who want to avoid the burden of inventory management.