Logistics Viewpoints

MARCH 27, 2023

When companies talk about improving their forecasting, they are most often referring to demand forecasting. As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. How much will demand be impacted? This increases sales.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

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

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. Table 1 details some examples of areas of application of generative AI for different supply chain participants.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

EMERGE App

JANUARY 25, 2021

This article discusses how to calculate the in-process inventory, the costs associated with it, and exactly why you need to account for it. . What Exactly is Work In Process Inventory (WIP)? Wikipedia describes work in process inventory as a company’s partially finished goods awaiting completion and sale. Beginning Inventory.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management 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 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

Supply Chain Shaman

JULY 25, 2021

To make the point, let me share an orbit chart for four industries (reference Figure 1). Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Let’s start with honesty and a focus on process innovation. Reversing The Trend.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

The Logistics & Supply Chain Management Society

JULY 16, 2023

Resilience refers to the ability of a supply chain to withstand and recover from disruptions, while agility refers to its ability to respond quickly and effectively to changing circumstances. Demand changes refer to shifts in customer preferences, market trends, or unexpected spikes in demand.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Software Sourcing Strategies Resource Reduction 130

Aera Technology

OCTOBER 30, 2018

by Kaushal Dave, Vice President of Cognitive (AI) Solutions, Aera Technology The problems that pervade inventory management are well known: Excess inventory languished in warehouses, tying up millions of dollars in working capital. How can we best manage expiring inventory? Stock shortages cut into margins and hurt brand image.

Inventory Management Software 64

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory Reduction 64

Logility

OCTOBER 20, 2020

Recently I had the pleasure to sit down with our own Kevin McInturff, executive vice president of R&D following his fireside chat at Disruption RX with Mark Balte, senior vice president of product innovation. It leads to what Gartner calls “nervous planning” and what others have referred to as “highly-caffeinated planning.”.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Supply Chain Software Gartner 130

Logility

JUNE 3, 2021

a leader in supply chain innovation powering the sustainable and resilient enterprise, today announced its selection as a 2021 Inbound Logistics Top 100 Logistics IT Provider for the 24 th consecutive year. ATLANTA – June 3, 2021 – Logility, Inc., These factors include, but are not limited to, continuing U.S.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Logility Supply Chain Planning Software Analytics Software 130

Logility

DECEMBER 7, 2020

The webcast will also highlight real-world examples of leading companies that use machine learning and advanced analytics to prepare and strengthen their supply chains for future disruptions. Webcast at a Glance. Title: Thriving Through a Period of Disruption. These factors include, but are not limited to, continuing U.S.

Logility 130

Logility Supply Chain Planning Software Optimization Software Analytics Software 130

Supply Chain Shaman

FEBRUARY 14, 2022

Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels. Industries carried on average 32 days more inventory in 2020 than in 2007.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

GlobalTranz

FEBRUARY 2, 2015

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story. We never ran out of or had too much inventory.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

SCMDOJO

MARCH 28, 2023

The use of complex technologies in managing inventory, transportation, trade, and other supply chain activities has been evolving for ages. With the advent of the digital age, businesses are constantly seeking innovative solutions to improve their operations. Blockchain as the future of Supply Chain?

Supply Chain Design Software 107

Supply Chain Design Software Supply Chain Software Supply Chain Network Software Supply Chain Design 107

RFgen

JANUARY 21, 2016

Innovative inventory techniques go from abstract to concrete in 2016. As retailers study their current warehouse operations, they have to keep one eye on innovations positioned to become industry standards. Here are a few inventory management practices that could make or break a company in 2016: Omnichannel Branches Out.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Resource Reduction 52

RFgen

JANUARY 21, 2016

Innovative inventory techniques go from abstract to concrete in 2016. As retailers study their current warehouse operations, they have to keep one eye on innovations positioned to become industry standards. Here are a few inventory management practices that could make or break a company in 2016: Omnichannel Branches Out.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Resource Reduction 52

Elementum

DECEMBER 14, 2023

Automating routine tasks frees up valuable human resources, enabling employees to engage in more strategic, creative activities that contribute to business growth and innovation. Strategic AI integration is critical for future business growth and innovation.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Supply Chain Shaman

NOVEMBER 21, 2018

In this push, Oracle, SAP and INFOR became revenue market leaders in APS, but under-served the market in the delivery of innovation. Reference Figure 1. As shown in Figure 2, fewer and fewer companies are innovators (38%) and the skill level in the consulting market is lower than the past decade. Inventory levels?

Supply Chain Planning Software 195

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 195

SCMDOJO

DECEMBER 14, 2023

Production Lead Time: Beyond reducing carrying costs and inventory levels, an optimized production lead time empowers businesses to respond quickly to changes in market demand. Read more on “Optimizing Inventory and Lead Time Management” at our Website SCM DOJO! Cost Savings: Reduction in inventory holding costs.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

Supply Chain Shaman

MAY 18, 2019

I spent time this week completing reference calls on the use of S&OP technologies. Based on the reference calls, I am not sure that this will be possible. Teams continuously balance cost, customer service, asset utilization and inventory. For example, an average, companies evaluate 50% of trade promotions. The reason?

S&OP 176

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 176

Locus Robotics

JANUARY 2, 2024

Learn how these innovations are transforming logistics operations. An example of AI-enabled workflow optimization is traffic heat maps that you can use to identify and eliminate bottlenecks in your warehouse picking routes or putaway processes. There are five pivotal solutions and trends that are reshaping the logistics landscape.

Demand Planning Software 52

Demand Planning Software Logistics Network Optimization Software Supply Chain Software Analytics Software 52

Locus Robotics

JANUARY 2, 2024

Learn how these innovations are transforming logistics operations. An example of AI-enabled workflow optimization is traffic heat maps that you can use to identify and eliminate bottlenecks in your warehouse picking routes or putaway processes. There are five pivotal solutions and trends that are reshaping the logistics landscape.

Demand Planning Software 52

Demand Planning Software Logistics Network Optimization Software Supply Chain Software Analytics Software 52

Supply Chain Shaman

JANUARY 30, 2019

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. Let’s take some examples. ” (Each mode of transport has different comparison reference data.). We are in a spin cycle of digital innovation.

Supply Chain Planning Software 167

Supply Chain Planning Software Modeling Software Analytics Software Demand Planning Software 167

PINC

MARCH 30, 2020

A distribution channel phenomenon in which inaccurate forecasts quickly turn into supply chain inefficiencies, the “bullwhip effect” refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. In many cases, the problem can be traced back to forecasting errors.

Forecasting 130

Forecasting Forecasting Software Real-time Visibility Demand Planning Software 130

Unleashed

JULY 25, 2021

Improving food inventory control. The simplest approach to reducing food waste is to optimise inventory control. Effective inventory control can prevent food waste by helping limit the volume of surplus food generated, reduce overstocking, and improve overall food waste management. On-selling food waste as animal feed.

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

SCMDOJO

SEPTEMBER 18, 2023

Acquisition: Acquisition refers to the process of obtaining goods or services through a formal transaction, often involving the purchase of an entire product or service from an external party. Buying: Buying, in the supply chain context, refers to the act of obtaining goods or services in exchange for monetary consideration.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

BlueYonder

AUGUST 15, 2023

Amid the rush to digitally transform, and with so much focus on those innovations that will smarten forecasting, aid replenishment, perfect assortment, or master pricing, businesses are forgetting about their business. Simply, retailers will gain insight into where revenue is being lost, and how this lost revenue is manifesting.

Inventory Reduction 84

Inventory Reduction Expense Reduction Resource Reduction Price Reduction 84

C3 Solutions

JULY 22, 2020

But it was really the development of innovative material handling systems in the mid-20th century that prompted the need for ways to keep track of more densely stored goods and higher levels of inventory. Companies began to use rudimentary WMS to manage inventory and order fulfillment.

Supply Chain Design Software 131

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Retail 131

Resilinc

JUNE 11, 2023

It’s common to hear industry practitioners, stakeholders, solution providers, and analysts use these terms interchangeably; for example, an SCRM program and a supply chain resilience program. SCRM and supply chain resilience both refer to the same “glass”, but present different perspectives. But are these terms actually equivalent?

Supply Chain Risk Management 100

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Design Software 100

Supply Chain Shaman

JANUARY 30, 2019

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. Let’s take some examples. ” (Each mode of transport has different comparison reference data.). We are in a spin cycle of digital innovation.

Supply Chain Planning Software 154

Supply Chain Planning Software Modeling Software Modeling Analytics Software 154

Elementum

FEBRUARY 7, 2024

Business Process Automation AI: Revolutionizing Efficiency in the Digital Age Artificial Intelligence (AI) is dramatically transforming Business Process Automation (BPA), ushering in a new era of operational efficiency and innovation. Businesses gain agility and can focus human resources on strategic work.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

crisp

JULY 20, 2023

Along the way, Swoon will be using Crisp’s inventory, sales and velocity dashboards to ensure the campaign reaches every door they were promised, while monitoring the campaign’s performance in the coming months. Wrangling siloed vendor portal reports from each retailer tacked hours onto this process.

Inventory Reduction 52

Inventory Reduction Data Resource Reduction Price Reduction 52

QAD

JANUARY 6, 2022

The authors refer to the bounty of benefits that accrue from digital maturity. The diagnostic report guides respondents toward actions to improve operational metrics, for example, relating to on-time delivery made in full, maintaining appropriate inventory levels, setting workable lead times, and checking costs of quality.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Software Optimization Software Tools 93

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

Elementum

JANUARY 16, 2024

By utilizing technology to automate complex business processes—such as production, employee onboarding, and customer service—companies can enhance productivity, efficiency, and promote innovation. Let us explore some key examples.

Supply Chain Software 78

Supply Chain Software Cost Reduction Strategies Resource Reduction Inventory Reduction 78

C3 Solutions

JULY 30, 2020

Consumer data provider Nielsen refers to this as 'frictionless commerce", or giving shoppers, "zero resistance from discovery to assessment to shopping to payment to fulfillment…. Its ability to bring about accuracy and efficiency to both inventory and inventory-related tasks absolutely has a cost-benefit component.

Gartner 127

Gartner Internet of things Supply Chain Design Software Supply Chain Software 127