Supply Chain Shaman

JUNE 30, 2023

As a result, demand planning is largely manual, inventory management is a series of manual inputs, and production planning is via spreadsheet. Anne is a lean disciple and sees all inventory as Muda. She lacks the appreciation for the need for inventory as a buffer. I advised John to ask for help to improve inventory health.

Supply Chain Planning Software 329

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 329

Supply Chain Shaman

FEBRUARY 26, 2024

On Friday, I presented an overview of outside-in planning to a consulting group. For example, in manufacturing, the shift in focus is away from OEE to focus on first pass yield and schedule adherence.) The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.

Modeling 209

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 209

Logility

APRIL 28, 2020

The real problem, however, was inventory. The client had a warehouse full of old stock that had been sitting unwanted for years , and there wasn’t enough room to accommodate the inventory that they were selling. . What is the right inventory level for your business? . Categorize your inventory. 1 Spring clean

Inventory Management Software 156

Inventory Management Software Inventory Reduction Inventory Management Inventory 156

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Forecasting 105

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 105

Supply Chain Shaman

DECEMBER 7, 2023

Let me give you an example. I am currently doing research on inventory management. 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.

Supply Chain Design Software 320

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 320

Logility

AUGUST 4, 2022

One example: egg prices are up 56% , according to the Department of Agriculture, driven up by drought, a bird flu epidemic and the war in Ukraine. Burt Flickinger, managing director for Strategic Resource Group, told CBS News he’d seen the biggest discounts across “consumer electronics, sporting goods, apparel, clothes, and accessories.”.

Price Reduction 130

Price Reduction Inventory Reduction Analysis Resource Reduction 130

Talking Logistics

MAY 6, 2019

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. The Inventory Accuracy “Confidence Gap”.

Optimal Sourcing 137

Optimal Sourcing Real-time Visibility Inventory Logistics Network Optimization Software 137

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 247

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 247

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 98

OptiProERP

SEPTEMBER 21, 2023

Inventory forecasting, or demand forecasting, estimates future inventory levels needed using past data, upcoming events, and market trends. Inventory forecasting ensures manufacturers have the proper inventory to meet customers’ needs while minimizing excess inventory costs.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 52

Supply Chain Insights

JUNE 19, 2017

P&G is in a small industry segment; the Household Products (Nondurable) industry includes only 10 companies – Church & Dwight, Colgate-Palmolive, Clorox, Kimberly-Clark, Newell Rubbermaid, Procter & Gamble, Reckitt Benckiser Group, Spectrum Brands Holdings, Tupperware Brands, and Unilever. Supply Chains to Admire Methodology.

Examples 137

Examples Supply Chain Strategy Supply Chain Inventory Reduction 137

Supply Chain Shaman

APRIL 15, 2020

An example is a focus on moving and buying ventilators without an assessment of the availability of critical parts and skilled therapists. Another example is testing. For example, I believed that I contracted the virus on April 2 nd , and received my results on April 17 th. Figure 2 is an example of a potential market signal.

Supply Chain Planning Software 443

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 443

Supply Chain Shaman

JUNE 21, 2023

For example, the Gartner Top 25 celebrates the accomplishments of Intel (active with Gartner), but in the analysis in Table 1, Nvidia Corporation and Taiwan Semiconductor (TSMC) clearly outperform Intel in the Semiconductor Industry. For example, Monster Beverages beats Coca-Cola and PepsiCo, while Celanese outperforms Dow Chemical.

Gartner 365

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 365

Supply Chain Matters

JULY 6, 2022

During this unprecedented period of non-stop global supply chain disruption, the Supply Chain Matters blog provides readers with additional industry specific examples, along with their implications. Further reported was that about two-thirds of the company’s inventory was still in-transit at the end of the most recent quarter.

Supply Chain Disruption 52

Supply Chain Disruption Inventory Reduction Examples Supply Chain Strategy 52

Supply Chain Matters

APRIL 18, 2022

The new CIO told The Wall Street Journal that one objective in her new role will be the enablement to activate inventory from across the supply chain network such that customer fulfillment can be achieved directly from retail stores or factories, bypassing the current need to first be processed by a distribution center. Bob Ferrari.

Modeling 52

Modeling Apparel Modeling Software Supply Chain Planning Software 52

EazyStock

MAY 24, 2022

Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and hitting fulfillment targets. This post, however, will focus on the financial aspect of inventory: inventory value – taking an accountant’s view of how to manage stock effectively.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Management Inventory 52

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Both companies outperformed their peer groups.

Supply Chain Planning Software 415

Supply Chain Planning Software Forecasting Forecasting Software Modeling 415

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

PINC

APRIL 29, 2020

While social distancing rules, shutdowns, and high demand for certain product groups are top-of-mind right now, employee and driver safety should also be factored into an organization’s overall pandemic response. live/drop, type of inventory, type of equipment, load status, etc.). Research firm Gartner , Inc. trailer search.

Demand Planning Software 147

Demand Planning Software Logistics Network Optimization Software Inventory Reduction Supply Chain Software 147

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 239

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 239

Synovos

JULY 24, 2023

For example, RS has reduced its Scope 1 and 2 carbon emissions by 58% since 2019/20 with progress made in the year through distribution center energy efficiencies and renewable electricity. “We RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the year ended 31 March 2023 reported revenue of £2,982 million.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Government 52

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

My Office Apps

JUNE 22, 2021

Inventory Control and Inventory Management. Regardless of the industry that your business is in, one of the universal truths of operating a successful business is optimized inventory management and control of inventory. The Difference Between Inventory Management and Inventory Control.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Optimization Software 52

Supply Chain Matters

AUGUST 25, 2022

Supply Chain Matters reflects on an all too familiar challenge when conditions of excess inventory exist in supply chain planning, execution and customer fulfillment processes. . The presumption is that this inventory will be made available for this year’s holiday fulfillment period. Background.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Inventory Management Software 52

USC Consulting Group

JUNE 14, 2021

It’s a useful process, but we’ve found a lot of our clients do not include inventory as a strategic tool in their S&OP process. “ One lever of control in the SIOP process is to make inventory harder working as a strategic tool. With SIOP, you can make your inventory work harder for you.

eBook 52

eBook Inventory Reduction Supply Chain Planning Software Supply Chain Planning 52

EazyStock

FEBRUARY 17, 2021

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 75

ToolsGroup

SEPTEMBER 1, 2015

The knack in today’s innovation economy is to understand how the value of a particular SKU deteriorates or its costs increase so that profit erosion can be factored into inventory optimization calculations. According to Nucleus Research, in its July 2015 Research Note , companies can optimize inventory using the right algorithms.

Inventory Reduction 120

Inventory Reduction Inventory Modeling Optimization Modeling 120

RFgen

JULY 1, 2022

Cycle counting is an essential best practice inventory control in the warehouse. If you handle inventory, then you’re familiar with counting items. Meanwhile, wrong count levels hold back your entire inventory operation. Physical inventory counting vs cycle counting. Manual cycle counts do little to help.

Inventory Reduction 52

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

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. Orbit Chart for L’Oréal at the Intersection of Inventory Turns and Operating Margin.

Case Study 263

Case Study Inventory Reduction Agile and Lean Supply Chain Study 263

Logistics Viewpoints

APRIL 27, 2023

Today’s article comes from Eric Mcpherson at Open Sky Group and looks at a WMS budget and preparing for implementation. For example, monthly subscription fees, any software support charges, and data migration fees. industrial handhelds, and mobile units you have and what your operations will need.

Supply Chain Planning Software 203

Supply Chain Planning Software Modeling Software Logistics Network Optimization Software Supply Chain Software 203

Unleashed

MARCH 8, 2023

Choosing the best inventory management software isn’t easy. This guide is designed to inform you which features are most important, the best time to invest in inventory software, and the costs you can expect to pay. Key considerations Manual management of inventory is time-consuming and prone to error. What’s your budget?

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Forecasting Software Demand Planning Software 52

Supply Chain Shaman

APRIL 16, 2024

Often, the planning group has high employee turnover and low job satisfaction. For example, inflationary costs, lead time variability, conversion rates, etc.) Focus on improving operating margin, inventory turns, and revenue/employee simultaneously. in inventory value. In addition, it is hard to hire planners.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 219

Unleashed

MARCH 4, 2020

Implementing an effective inventory control and planning solution or system is only the first step in optimising your inventory management. Another vital component of this process is the set of rules you establish to speed up inventory control and make it more effective. Decision Objectives. Decision variables.

Inventory Reduction 87

Inventory Reduction Cost Reduction Strategies Price Reduction Inventory 87

Logistics Viewpoints

MAY 22, 2023

A company can choose to maintain a high level of costly inventory to ensure short lead times, and a family can decide to live farther away from work and school but buy a bigger house. At some companies, these relocations involved moving groups of different sizes from different offices with hundreds of possible destinations.

Supply Chain Design Software 179

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 179

Vanguard Software

MARCH 12, 2021

Inventory replenishment involves purchasing and moving inventory, both finished goods and raw materials, from reserve storage to primary storage and eventually to the selling location. The Importance of Inventory Replenishment. For example: Extremely important items Moderately important items Relatively unimportant items.

Modeling 52

Modeling Inventory Reduction Optimization Software Supply Chain Optimization 52