Inventory Management

LeanCor

Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. This leaves us with one option: pushing the boundaries of current inventory management practices.

The Best Way to Set Inventory Targets?

ToolsGroup

Source: Gartner, Cover Considerations—How to Optimize Retail and Consumer Product Inventory Targets, 2017. But I have to differ with the conclusions of a recent report, “ Cover Considerations — How to Optimize Retail and Consumer Product Inventory Targets.”.

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Inventory Management in Service Logistics Industry

Talking Logistics

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain.

Enhancing Supply Chain Network Design with Sophisticated Inventory Optimization

CHAINalytics

By Chris Keller | Principal, Supply Chain Design | Chainalytics | The complexity involved in simultaneously optimizing a supply chain network and the inventory within that network has traditionally proven to be a sufficient barrier to completing such exercises.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. The distributor maintains the inventory plan.

Sales, Inventory & Operations Planning (SiOP) – Part Two

Arkieva

The lack of a good forecast creates service issues, unbalanced inventories and operational firefighting costs. There is only 1 way to improve service and reduce cost and inventory in this type of situations: collaborative forecasting.

Inventory Allocation: How Retailers Can Find the Perfect Balance

Slimstock

For anyone looking to minimize operating costs while maintaining margins, inventory allocation is one area that simply cannot be overlooked! Inventory Allocation Explained – Why You Need a Strategy. Inventory Allocation Rules: What Parameter Should Be in Place?

7 Key Factors that Underpin the Success of your Inventory Optimization Initiative

Supply Chain Opz

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service. In this article we will examine inventory optimization processes as part of a structured sequential journey and examine seven of the key factors in delivering the optimal mix of stock.

Is Your Company on top of its Inventory Planning Game?

Logistics Bureau

Good inventory management, like everything else, starts with good planning. But planning isn’t just the start; it’s the very foundation of effective inventory control. Inventory planning also happens to be an area that many companies fail to prioritise sufficiently.

10 Best Practices for Inventory Cycle Counts

EMERGE App

They’re disruptive I know but they’re an essential part of maintaining inventory accuracy. Here, we’ll introduce inventory cycle counting and show you how it can complement your annual stock take exercise. What is an Inventory Cycle Count? Introduction.

Netsuite Expands Cloud-Based Inventory Management with New Demand Planning Capabilities

Supply Chain Network

Designed to enable wholesalers, manufacturers, retailers, and distributors to achieve best-in-class inventory management practices, NetSuite Demand Planning enables companies to forecast peaks and troughs in demand and minimize capital tied up in inventory. allowing companies to tightly align sales forecasts with inventory replenishment plans. This supports businesses with minimizing excess inventory, eliminating stock outs, and improving customer satisfaction.

3 Inventory Management Bottlenecks That Stifle Growth

Unleashed

Typical bottlenecks occur when an inventory management system fails to meet a business’ growing demands. Here we identify three inventory management bottlenecks which indicate that it’s time to do something about it. Unorganised warehouse and inventory stock. You might choose to implement a method of inventory categorisation such as ABC , an SDE analysis , or even an FSN analysis.

Why Sales Reports are Important to Inventory Management

Unleashed

When managing your inventory, you are always looking for ways to optimise and improve your operations. Trying to keep healthy levels of inventory without overstocking or understocking is a difficult practice that most inventory businesses experience. Having inventory stock go in either direction can be a costly exercise. If you can’t sell off that inventory stock, then was it really worth getting the bargain?

Craft Beer Inventory Management

EMERGE App

Craft brewers, however, face the same inventory issues as any other business with simple manufacturing and physical products that need to be shipped around. Inventory Management Issues for Craft Breweries. Know your inventory available for sale. Manage your beer inventory.

Is it time to integrate your supply chain design with execution?

JDA software

its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability. Inventory management. Likewise, operational considerations like optimized inventory management have never been more important.

The Remarkable Supply Chain of the Coffee Bean

Unleashed

Find out how they manage their complex supply chain with the help of inventory management software. The harvesting process is a very labour intensive exercise. The inventory stock from the roasting and distributing centres must be passed onwards to retailers.

What If You Could Take The Guesswork Out Of Forecast Planning? Guest Post from Osgood Vogler

Kinaxis

Persistent planning biases can tie up cash by driving excess inventory. This exercise is important because it will help supply chain leaders understand exactly where planning is necessary and how to drive exceptional performance in their supply chain operations.

Distribution Network Optimization: Modeling Tools Won’t Give You the Answer

Kane is Able

Warehouse optimization modeling exercises examine the upside of being closer to customers versus the downside of carrying more inventory in more locations.

Tools 82

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

This must include contingent capacity to be exercised if needed. On the other hand if customer demand fails to materialize according to forecast you can be stuck with a lot of custom inventory, unrecovered expenses and a huge cash flow problem. Inventory Performance.

[How to] Overcome the Impact of Covid-19 and Scale Your Retail Business

Vinculum

75% consumers with strong preference to exercise and healthy eating post crisis; e.g. ZhongAn PHI premium grew 60%+). Sell on Marketplaces Globally Inventory & Order Management Brands Multi-brand Retailers Marketplaces eCommerce Retailers Covid-19

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Five Elements of Successful Sales Forecasting

Logility

Without good demand planning, companies face the situation of unhappy customers, late shipments, cancelled orders, excess inventory, longer lead times, expedited shipping costs, and a host of other potential issues. Analytics Demand Planning Inventory Optimization Supply Planning

Etsy Order, Purchase & Inventory Management for Creators, Makers and Doers

EMERGE App

As a creative entrepreneur, there are various ways to get a handle on managing the orders, purchases, and inventory of your hand-made goods. Manage Inventory. Firstly, why should you consider a third-party inventory management system outside of Etsy? Introduction.

Plan your Supply Chain Recovery During Covid-19 Pandemic

Vinculum

It can be beneficial for organizations to stay in touch with all of their suppliers and create joint agreements to check inventory levels and lead times. Estimate inventory. While estimating the inventory, companies can use the above supply chain transparency exercise.

Industry 4.0 getting whipped

Supply Chain Movement

Or might we be returning to old supply chain principles that vanished in the era of mass production – a ‘make-to-order’ culture marked by personal service, bespoke products and minimal inventory? They almost always lead to excess inventory and require humans to fine tune them over time.

8-Step Importing Guide For First Timers

EMERGE App

You could do it manually but why do it when smart inventory management systems , such as EMERGE App , can automatically calculate landed costs for you? Exercise common sense and order a few pieces of each size, color or variant. Introduction.

Building a Business Case for Improved Demand Forecasting

ToolsGroup

You must be able to make a direct link between the forecasting accuracy improvement and customer service, cost, efficiency, inventory, cash flow or capability improvements,” says Gartner. 9% reduction in inventory obsolescence (percent of inventory value).

8-Step Importing Guide For First Timers

EMERGE App

You could do it manually but why do it when smart inventory management systems , such as EMERGE App , can automatically calculate landed costs for you? Exercise common sense and order a few pieces of each size, color or variant. Introduction.

Why demand sensing is value-based performance management

The Network Effect

Pursuing improved forecasts is certainly not an academic exercise. Some research indicates a 6% forecast improvement could improve the perfect order by 10% and deliver a 10-15% reduction in unnecessary inventory. Got Credit/Flickr.

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What are supply chain professionals using to make network decisions? 

AIMMS

None of the respondents share data across multiple applications to manage inventory, network design and S&OP in an integrated way. Care should be exercised though , because the same reasons that have made the technology more accessible should’ve made it more affordable.

Is it time to integrate your supply chain design with execution?

Supply Chain Nation

its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability. Inventory management. Likewise, operational considerations like optimized inventory management have never been more important.

An executive’s guide to AI in supply chain management

Kinaxis

The ability of a machine to perform human-like functions such as perceiving, reasoning, learning, interacting with the environment, problem solving and exercising creativity to form plans, make decisions and achieve goals.

Forecasting noise disturbs the S&OP process

Supply Chain Movement

In other words: a slight decline in forecast accuracy results in an exponential increase in inventory.”. This is treated as a serious exercise; anyone who dares to deviate from the statistical forecast by more than 10 percent better have a very good explanation for doing so. “We’re

The Future of Supply Chain Management is in AI

ThroughPut

That said, it is not an overnight exercise or an isolated activity. Artificial Intelligence Blog Supply Chain big data inventory management logistics machine learning

Take Advantage of Digital Manufacturing to Improve Workforce Productivity

DELMIA Quintiq

Supply chains have been optimized; warehouse inventory tracking has reached new levels of precision; production lines can operate with virtually no downtime. Artificial Intelligence will soon play a greater role during this exercise.

5 Ways to React to Supply Chain Disruptions in the Food and Beverage Industry

Halo

Drilling down, you’ll learn that demand planning, inventory, replenishment, manufacturing and S&OP capabilities are the building blocks of supply chain planning excellence. Inventory and freight optimization.