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If you’re managinginventory with spreadsheets , you’re not alone—but you might be falling behind. While Excel has long been a go-to for planners, the landscape has changed. In this dynamic environment, inventorymanagement powered by spreadsheets is no longer a viable strategy. The result?
Against my friends’ advice, I decided to drive to speak to 120 business leaders at the Gains Systems event. At the session, we discussed why companies have not made more progress on inventorymanagement. Days of Inventory Pre and Post-Recession. IT View of the Current State of Inventory. The sun is shining.
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Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization.
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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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Supply chain excellence is easier to say than to explain. The supply chain is a complex non-linear system. At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. The culture is dominated by “lifers” and technology investment is conservative.
Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managinginventory. I lost track of how many carrots we had and ended up buying more when we really didn’t need any. and it didn’t leak. That was carrots.
It’s a holistic approach that blends strategic planning, streamlined processes, and the right technology to transform your warehouse into a well-oiled, profit-generating machine. Eight proven optimization strategies, combining technology, best practices, and sustainable solutions.
This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventorymanagement. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory?
Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.
Front and center in this revolution are the marriage of customer relationship management (CRM) software and capable e-commerce platforms like Shopify. Enter companies like DigitalSuits, a high-tech Shopify development and e-commerce agency that leverages technology and innovation to build end-to-end solutions.
As businesses become increasingly global, professionals in the supply chain field must keep up with new technologies, trends, and best practices. Summary Table edX Supply Chain Courses vs. SCMDOJO Aspect SCMDOJO edX Focus & Specialization A dedicated platform focused entirely on supply chain management.
by Andrew Dunbar The modern day inventorymanager 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.
Manufacturers and brick-and-mortar retailers have been using software to manage their inventory for years – but inventorymanagement is even more important when you’re running a business that operates in the complex eCommerce space. Why do eCommerce stores need this level of inventory control?
If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? The issues are largely rooted in politics and the lack of clarity on supply chain excellence. Or planned orders to purchase orders?) I don’t know. The reason?
The Importance of InventoryManagement. When it comes to inventorymanagement, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.
by Trevor Miles I have been in the advanced planning and scheduling (APS) space since 1995 when I joined i2 Technologies in Europe. Before that I was in management consulting doing what would be called supply chain design or reengineering today. Let me start with the confusion between planning and execution. Their words.
I am currently doing research on inventorymanagement. In the research, I ask inventory planners to define resilience. Of the twenty companies interviewed, only one can answer the question, “Do you have a good inventory plan?” No technology in the market measures inventory health.
As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. Today I am writing my take on the acquisition of Terra Technology by E2open. History of Terra Technology. Terra Technology is 15-years old.
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As Raheel Hussain, Director of the Supply Chain Center of Excellence at Reynolds Consumer Products notes during a recent webinar , a level of synchronization is critical to systemically share information and cut down the constant offline back-and-forth (conversations) between different functions.
CAGR , the global supply chain managementsoftware market is expected to touch USD 50 billion by 2032. This one figure speaks volumes about how organizations worldwide want access to the best supply chain managementtools to boost efficiency and value in their distribution and logistics network. The real challenge?
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based supplier of fashion blanks transforms its demand and inventorymanagement with Logility. One of the leading wholesale producers and sellers of premium quality blank apparel in the United States, Next Level Apparel has implemented the Logility® Digital Supply Chain Platform to modernize its demand and inventory planning processes.
Key Takeaways: Inventorymanagementsoftware with built-in automation has been found to increase accuracy and profits. There is no one-size-fits-all solution for inventorymanagementsoftware—it’s about the best product for your business objectives and industry. accuracy and more. accuracy and more.
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Note that network enablement is not possible from most ERP platforms. With slim margins and ever-increasing inventories, companies invested less in capital assets. Today, this network operates with less capacity and ballooning inventories. Here I offer three starting points: ESG Initiatives Need to Focus on Inventory.
When you look behind the scenes of a global business operation, procurement strategy and supply chain management are usually top priorities, though theyre not always working in sync. Theyre often seen as separate worlds, each with its own goals, systems, and ways of working. Theyre still too often stuck in their own lanes.
Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Learn More About Evolution Of Supply Chain Management And Logistics 6.
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Assess and Optimize InventoryManagement The first step to efficient delivery is to assess your inventorymanagement. By adopting an automated inventory tracking system, this process can be streamlined, saving time and effort on manual stock management tasks.
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