USC Consulting Group

JUNE 26, 2023

Effective inventory management is often a challenging task for businesses to undertake. While some factors may be similar across organizations, predicting inventory demand can vary significantly depending on the industry or business model. One of the most common problems affecting various industries is a lack of inventory visibility.

Real-time Visibility 40

Real-time Visibility Inventory Management Software Predictive Analytics Software Supply Chain Software 40

QAD

JULY 9, 2020

For organisms, the strategy is simply to survive, but organizations, regardless of the industry, size, or location, have an additional objective. Unlike simple organisms, organizations are composed of individuals who also have their own individual objectives and survival strategies. What We Can Learn from Soccer.

Resource Reduction 110

Resource Reduction Inventory Reduction Price Mitigation Strategies Supply Chain Strategy 110

Logility

MAY 6, 2021

Dramatic shifts are happening too quickly to reserve strategic planning as a traditionally annual exercise. Technologies that automate and accelerate the entire exercise help ensure forecasting and decision-making are flexible, nuanced, and responsive enough to allow the company to move forward rapidly.

Scenario Planning 240

Scenario Planning Modeling Supply Chain Planning Software Supply Chain Planning 240

Supply Chain Opz

AUGUST 2, 2018

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.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

QAD

JULY 9, 2020

For organisms, the strategy is simply to survive, but organizations, regardless of the industry, size, or location, have an additional objective. Unlike simple organisms, organizations are composed of individuals who also have their own individual objectives and survival strategies. What We Can Learn from Soccer.

Resource Reduction 59

Resource Reduction Inventory Reduction Price Mitigation Strategies Supply Chain Strategy 59

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Product strategies. Operational strategies. Many companies buy forward inventory ahead of tariffs being implemented. This strategy, however, may incur additional warehousing and storage costs, and firms may experience accounting challenges where an inventory is considered an asset, which could affect cash flow.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Logistics Viewpoints

OCTOBER 21, 2021

The rapid shifts to eCommerce during the pandemic caused retailers and brand owners alike to flex their network nodes (where goods are made and inventories are stocked) significantly. However, with the new generation technologies, it now is practical to keep the data feeds fresh to make the modeling exercises a continuous, ongoing discipline.

Supply Chain Design Software 190

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Modeling 190

Supply Chain Matters

AUGUST 15, 2022

based manufacturing strategy, with a decision to source manufacturing at a CMS provider located in Taiwan. Inventory Glut of Bicycles. In retrospect, they collectively ordered too much finished goods inventory from offshore supply sources. This is obviously inventory and working capital not available for use or sale.

Inventory Reduction 52

Inventory Reduction Customer Service Price Reduction Cost Reduction Strategies 52

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Logistics Viewpoints

JULY 22, 2021

nodes), flows of the products between origin-destination pairs, and policies (inventory, replenishment, asset utilization etc) with no clear accountability on how the recommendations make their way into planning and execution. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Enterra Insights

AUGUST 11, 2022

Make and exercise contingency plans. Businesses need to inventory the risks, as well as materials and products, in their supply chains in order to plan for and, in theory, mitigate those risks. 9] Armed with that information, mitigation strategies can be developed.

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Forecasting Software 130

Slimstock

AUGUST 27, 2019

For anyone looking to minimize operating costs while maintaining margins, inventory allocation is one area that simply cannot be overlooked! Succeeding in today’s complex omni-channel environment means striving to achieve the perfect inventory allocation across multiple locations at a time when it has never been more difficult or costly.

Inventory Reduction 40

Inventory Reduction Waste Reduction Inventory Retail 40

ivalua

SEPTEMBER 19, 2022

The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. More robust contingency plans that complement current strategies might suffice. . Common Supply Chain strategies, such as just-in-time inventory, exacerbate the impact of shocks.

Supply Chain Risk Management 130

Supply Chain Risk Management Risk Management Inventory Reduction Cost Reduction Strategies 130

Logistics Viewpoints

SEPTEMBER 28, 2021

Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility. Matt has led high-impact teams that implemented logistics strategies and systems at P&G, Nestle, Kraft, Anheuser-Busch Inbev, Tyco, Argos and Nokia across North America, Western Europe and Latin America.

Rail Software 188

Rail Software Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 188

Enterra Insights

AUGUST 5, 2022

.”[1] Here’s the rub: “All those excess retail inventories are starting to weigh on warehousing markets. ” To make room for new inventory, many of America’s largest retailers are steeply discounting excess goods this summer. As a result, many retailers are sitting on excess inventory.”

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Inventory Reduction Price Reduction 130

BlueYonder

JANUARY 8, 2024

That magic word – “resilience” – has been joined by another motif in the form of “agility” to guide business strategy in the pandemic storm’s aftermath. This granular level of forecasting improves accuracy, which allows the supply chain to meet demand without creating excess inventory. The mindset is thus shifted.

Optimal Sourcing 81

Optimal Sourcing Modeling Waste Reduction Supply Chain Planning Software 81

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. Moreover, this exercise might need to be repeated several times depending on how the war proceeds. But optimization is much more than that!

Supply Chain Design Software 179

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

Enterra Insights

APRIL 21, 2021

He observes, “For many manufacturing and supply chain organizations, the Covid-19 pandemic highlighted multiple shortcomings in their data management strategies. They include: Inventory Optimization. … Through AI-enabled inventory management, OEMs can gain better visibility into their inventory operations.

Analytics Software 130

Analytics Software Big Data Predictive Analytics Price Reduction 130

Supply Chain Matters

JULY 25, 2022

As the calendar now moves to the second half of 2022, it is important to focus on rapidly changing developments including a marked escalation in geopolitical tensions that impact global supply chain strategies. Restoring More Direct Control in Materials Sourcing. For those businesses located in the U.S.,

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

DELMIA Quintiq

NOVEMBER 6, 2019

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. Much has been done to improve manufacturing efficiency. But, what about overall workforce productivity?

Supply Chain Design Software 235

Supply Chain Design Software Manufacturing Optimization Software Predictive Analytics Software 235

SYSPRO Smarter ERP

AUGUST 2, 2023

By leveraging ERP analytics, manufacturers can streamline the management of sourcing strategies for materials and make informed decisions when selecting suppliers during the purchasing cycle. The ability to monitor transfers between multiple warehouses provides complete visibility, ensuring efficient inventory management.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Supply Chain Shaman

FEBRUARY 28, 2021

An exercise that I love to do in my training is to ask business leaders to draw data flow in their current decision processes. For example, Vendor Managed Inventory (VMI) systems, a useful stream of customer data, do not connect to planning. Today, organizations are larger, more complex, and the speed of business is faster.

Supply Chain Planning Software 346

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 346

Arkieva

JANUARY 6, 2017

Over the past year, the Arkieva Supply Chain Link Blog provided thought leadership and informative posts on supply chain strategy tips, trends, and news. Just in case you missed some of our supply chain strategy posts , we’ve compiled a list of our popular supply chain posts from 2016 below (ranked based on shares and views).

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

Supply Chain Shaman

OCTOBER 26, 2016

He said, “I am not sure if this exercise makes sense. One company defined the customer-centric strategy as, “Do whatever the customer wants.” On this fall day, at this strategy workshop, this was the case. Figure B shows the gaps in the execution of customer-centric policies and strategies. My take away?

Supply Chain Strategy 150

Supply Chain Strategy Cost Reduction Strategies Inventory Reduction Supply and Demand 150

JDA software

FEBRUARY 11, 2019

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. For many companies, this represents a significant mindset change.

Supply Chain Design 75

Supply Chain Design Optimal Sourcing Inventory Reduction Supply Chain Optimization 75

SCMDOJO

AUGUST 21, 2023

Read More: Top 10 Supply Chain YouTube Channels to Subscribe ] Highlighting the Role of Influencers and Social Media in Modern Marketing Strategies In today’s dynamic marketing landscape, influencers have risen as vital players, profoundly shaping consumer behaviors and choices.

Negotiating Skills 98

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 98

Enterra Insights

JANUARY 24, 2019

”[6] He adds, “Businesses must take the time to proactively identify the potential risks they can face and develop remediation strategies to address these risks. He concludes, “Critical to ensuring business continuity is understanding the upstream impact of a disaster, specifically the effects on supply lines and inventory.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Supply Chain Strategy Material Savings 100

Logility

MAY 12, 2020

F&B company I was lucky (using that term loosely) to be given the opportunity to develop a 3 to 5-year improvement strategy covering supply chain people, process, and solutions. However, without a solid foundation trying to adopt Algorithmic Planning, Big Data, and Artificial Intelligence can be an exercise in futility.

Supply Chain Planning Software 134

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 134

Logistics Bureau

JULY 21, 2017

At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement. The Failing Kmart Business Strategy. The first Kmart store opened way back in 1962.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Inventory Reduction Vendor Strategies 45

Enterra Insights

MARCH 18, 2021

Shubho Chatterjee, a digital transformation, strategy, technology and operations executive, insists the new normal will hasten the requirement for digital supply chains at a pace many companies and workers will find challenging. Katsov identifies five technology trends he believes will play a significant role in supply chain transformation.

Prescriptive Analytics Software 130

Prescriptive Analytics Software Supply Chain Software Analytics Software Predictive Analytics Software 130

Logistics Bureau

SEPTEMBER 4, 2023

Supply/Inventory Management Inventory management problems and supplier relationship issues , too, can creep in over time and eat away at your profit margins. We’ll begin with a look at pricing strategy. Do You Lack Confidence in Your Pricing Strategies? Are You Missing Opportunities in Pricing Strategy?

Negotiating Skills 73

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 73

DELMIA Quintiq

NOVEMBER 6, 2019

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. Much has been done to improve manufacturing efficiency. But, what about overall workforce productivity?

Supply Chain Design Software 149

Supply Chain Design Software Manufacturing Optimization Software Predictive Analytics Software 149

Unleashed

FEBRUARY 1, 2023

In this article, we do a deep dive into demand planning and look at what steps, strategies and KPIs can be used to develop best-practice demand planning and forecasting. Demand planning should be a key plank of your organisation’s business strategy. Inventory is stocked in a way that maximises space utilisation.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

SCMDOJO

MARCH 25, 2024

Pursuing a degree in these areas will equip you with the fundamental knowledge of supply chain principles, such as procurement, inventory management, logistics, and operations strategy. Get Familiar with WMS : Explore warehouse management systems to understand how they enhance inventory tracking and improve order fulfillment.

Negotiating Skills 90

Negotiating Skills Supply Chain Software Supply Chain Network Software Analytics Software 90

CH Robinson Transportfolio

NOVEMBER 19, 2020

And shippers need to work with providers who understand how this volatility affects capacity availability, have access to vetted, reliable open deck capacity, and bring transportation strategy expertise to navigate through this change. Conduct procurement exercises regularly and often. Enhanced supply chain strategy.

Optimal Sourcing 44

Optimal Sourcing Material Savings Shipping Price Reduction 44

ThroughPut

APRIL 17, 2024

We all know how artificial intelligence-powered tools and platforms are already helping in reducing costs, optimizing inventories, streamlining operations and are continuing to contribute in multiple ways to make supply chains fail-safe and more accurate. Operational delays will be reduced.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Optimal Sourcing 52

Supply Chain Shaman

FEBRUARY 28, 2021

An exercise that I love to do in my training is to ask business leaders to draw data flow in their current decision processes. For example, Vendor Managed Inventory (VMI) systems, a useful stream of customer data, do not connect to planning. Today, organizations are larger, more complex, and the speed of business is faster.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 217