ToolsGroup

APRIL 7, 2025

This uncertainty makes dynamic inventory replenishment optimization essential for business success. Effective inventory optimization directly impacts customer satisfaction, loyalty, operational costs, and waste reduction making it a critical business function in todays volatile market.

Inventory Reduction 156

Inventory Reduction Modeling Optimization Software Supply Chain Optimization 156

Supply Chain Shaman

JANUARY 7, 2025

The problem is that the reduction of costs within one function does not necessarily drive value. Compared to peer group performance for 2013-2023, 59% of the Gartner Top 25 score below their peer group on average revenue growth, 41% below inventory turns, and 41% below their sector on invested capital. This work was expensive.

Optimal Sourcing 367

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 367

SCMDOJO

APRIL 24, 2025

Excess inventory weighs down supply chains. By producing only whats needed, when its needed, they eliminate the burden of forecasting errors and reduce warehouse dependency. Powered by digital tools, on-demand strategies offer a cleaner, more responsive path to production. Digital fabrication makes this possible.

Waste Reduction 98

Waste Reduction Inventory Reduction Cost Reduction Strategies Expense Reduction 98

ivalua

JUNE 12, 2025

If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.

Cost Reduction Strategies 130

Cost Reduction Strategies Material Savings Expense Reduction Negotiating Skills 130

GlobalTranz

FEBRUARY 25, 2021

How often do you think about your retail reverse logistics strategy? Instead of being relegated to the margins, executives must rethink their strategy and consider how a data-driven reverse supply chain can add more value and improve profit margins. The Benefits of a Data-Driven Retail Reverse Logistics Strategy.

Reverse Logistics 317

Reverse Logistics Expense Reduction Inventory Reduction Supply Chain Strategy 317

RFgen

DECEMBER 4, 2024

In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times. Additionally, we’ll discuss best practices for optimization and strategies for balancing efficiency with resilience. Technology integration: Leveraging digital tools to enhance visibility and decision-making.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96

Precoro

DECEMBER 24, 2024

Read on to explore key AI use cases in procurement, the challenges businesses face, strategies to overcome them, and the exciting opportunities AI brings for the future. This gives them advance warning so they can adjust their purchasing strategies. Here are the topics we’ll cover at a glance : What is AI in procurement?

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105

Precoro

NOVEMBER 11, 2024

These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. The procurement department works with inventory and logistics teams to ensure that everything ends up in the right place without delays or discrepancies. The result?

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

The Logistics & Supply Chain Management Society

APRIL 15, 2021

This unlocks enormous value as you eliminate time lags, lower costs, and slash inventory buffers across the network. This strategy enables companies to achieve four critical objectives: Unlock value trapped in the supply network that is due to poor data quality and communication. This then sub-optimises the supply chain.

Inventory Reduction 259

Inventory Reduction Cost Reduction Strategies Expense Reduction Supply Chain Planning Software 259

RFgen

NOVEMBER 13, 2024

Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?

Inventory Management Software 96

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 96

Supply Chain Shaman

FEBRUARY 4, 2025

Despite the evolution of technology, none of the 28 industry segments I follow can drive improvement at the intersection of operating margin and inventory turns. Functional Metrics and the Lack of Alignment to Strategy. Most focus on cost reduction, assuming that functional cost translates to operating margin. Change is Hard.

Supply Chain Design Software 221

Supply Chain Design Software Price Reduction Cost Reduction Strategies Supply Chain Planning Software 221

Logistics Viewpoints

FEBRUARY 20, 2024

That strategy can lead to thousands of scenarios, and still no number of scenarios will answer all questions. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. While this sourcing strategy is the most cost-effective one, the business might not want to operate like that.

Sourcing Strategies 307

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 307

GlobalTranz

APRIL 15, 2025

Create Short-Term and Long-Term Shipping Strategies Tip: To successfully navigate import tariff challenges, it's essential to have both short-term and long-term shipping strategies in place. They will analyze your current shipping processes and develop strategies to optimize your logistics operations.

Material Savings 156

Material Savings Negotiating Skills Optimal Sourcing Sourcing Strategies 156

RFgen

DECEMBER 19, 2024

Material Flow: Optimize material flow patterns to accommodate increased volume without creating bottlenecks or excessive inventory. Consider the following: Existing Stock Keeping Units (SKUs): Manufacturing companies should analyze their current inventory levels and how they align with anticipated demand.

Material Savings 92

Material Savings Resource Reduction Sourcing Strategies Inventory Reduction 92

RFgen

DECEMBER 19, 2024

By maximizing space utilization, improving inventory control , and boosting workflow efficiency, you can unlock significant cost savings and elevate your customer service game. In this comprehensive guide, we’ll explore the key elements of warehouse optimization and provide actionable strategies you can implement today.

Optimal Sourcing 97

Optimal Sourcing Optimization Software Waste Reduction Modeling 97

Supply Chain Shaman

MAY 13, 2024

P&G did not appreciate the work Gilette accomplished on form and function of inventory and using market signals. As a result, the company’s performance at the intersection of margin and inventory turns was circular for the past decade. Good complexity drives growth while bad complexity drags expense without improving growth.

S&OP 393

S&OP Supply and Demand Inventory Reduction Expense Reduction 393

Logistics Viewpoints

JUNE 4, 2024

With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.

Inventory Reduction 298

Inventory Reduction Supply Chain Planning Software Waste Reduction Inventory 298

Logility

NOVEMBER 21, 2024

Adjusted net earnings from continuing operations for the quarter ended October 31, 2024, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles, were $3.8 GAAP net earnings from continuing operations for the quarter ended October 31, 2024 were $1.7 million or $0.05 million or $0.02

Logility 188

Logility Supply Chain Planning Software Supply Chain Design Software Network Optimization Software 188

Precoro

MARCH 27, 2025

That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses. It cuts costs yet helps maintain product quality and smooth operations. Identify unnecessary spending.

Cost Reduction Strategies 45

Cost Reduction Strategies Expense Reduction Price Reduction Vendor Strategies 45

ivalua

JULY 3, 2025

Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations. Together, these procurement strategies are essential for robust, efficient business operations. Here’s where the right strategies and the technology can unlock value.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 130

Logistics Viewpoints

APRIL 7, 2025

Whether you’re managing a distribution center, coordinating fleet operations, or shaping global supply strategy, understanding how to deploy and scale digital twins may be your next competitive edge. Static workflows based on outdated assumptions are no match for todays rapidly shifting inventory demands.

Sourcing Strategies 223

Sourcing Strategies Modeling Warehousing Supply Chain Design Software 223

ToolsGroup

AUGUST 20, 2021

Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.” This is different from problematic ABC inventory classification.

Modeling 317

Modeling Inventory Reduction Inventory Forecasting 317

ToolsGroup

MARCH 24, 2021

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

Logistics Viewpoints

NOVEMBER 16, 2023

This article is from Descartes Systems Group and looks at how companies can reduce lead times with real-time data. Additionally, a longer lead time reduce a company’s agility, or resilience, to adapt to demand fluctuations, or other disruptions that may occur. How can you better manage lead time? To read the full article, click HERE.

Real-time Visibility 301

Real-time Visibility Material Savings Inventory Reduction Vendor Strategies 301

Supply Chain Shaman

DECEMBER 27, 2022

In a recent research project, we found that 2/3 of companies had a digital supply chain transformation strategy; however, those that were evolving their strategy performed better during the early months of the pandemic than those that were “clear” on the project plan for a digital transformation. I know, a head-scratcher.

Supply Chain Software 418

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 418

Logistics Viewpoints

MARCH 12, 2025

Intermediary costs Third-party auditors, banks, and brokers drive up expenses. They follow “if-this-then-that” (IFTTT) logic, meaning that when certain conditions are met, the contract automatically executes an agreed-upon action, such as releasing a payment, updating an inventory record, or verifying a shipment.

Supply Chain Design Software 271

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Negotiating Skills 271

Logistics Viewpoints

JUNE 29, 2023

Configure to Order: This strategy involves customizing standard products based on customer specifications. Here is a summary of the key supply chain characteristics of each of the manufacturing strategy and how it impacts collaboration with suppliers.

Manufacturing Procurement 270

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 270

GlobalTranz

MAY 20, 2025

However, it's highly exposed to risk: Political unrest can force ships to take longer, more expensive routes. Tariffs can make importing and exporting more complex and expensive. It's often used for critical components in manufacturing, medical supplies or seasonal retail inventory that need to hit shelves fast.

3PL 156

3PL Negotiating Skills Supply Chain Design Software Supply Chain Planning Software 156

Arena Solutions

JUNE 17, 2025

In a recent interactive session, Heatherly Bucher, Director of Strategic Alliances at Arena by PTC, sat down with Anna-Katrina Shedletsky, CEO and Co-Founder of Instrumental, to unpack the evolving landscape of tariffs , manufacturing strategy, and supply chain resilience. Startups are leading the way in reimagining NPI and production.

Expense Reduction 62

Expense Reduction Cost Reduction Strategies Material Savings Inventory Reduction 62

RFgen

APRIL 18, 2025

Its direct, expensive, and increasingly hard to plan around. Tariffs are reshaping sourcing strategies, forcing tech upgrades, and making inventory planning a lot more complicated. Tariffs are reshaping sourcing strategies, forcing tech upgrades, and making inventory planning a lot more complicated. Another trend?

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Price Reduction Cost Reduction Strategies 52

Logistics Viewpoints

JANUARY 21, 2021

Increased lead time accuracy reduces risks involved in transportation and logistics, improving your overall supply chain. It allows shippers to reduce their operating costs, optimize capital, allocate resources more efficiently, and can lead to higher customer satisfaction, increased revenues, and even improve their competitive advantage.

Predictive Analytics Software 363

Predictive Analytics Software Logistics Network Optimization Software Modeling Inventory Reduction 363

Logistics Viewpoints

JUNE 1, 2021

Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep.

Inventory Management Software 281

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 281

ToolsGroup

MAY 11, 2021

However, few fully integrate their SCP strategies into their strategic planning. Marketing Plan: documents your strategy for attracting and retaining customers and developing new products and services. Likewise, by limiting or eliminating out-of-stock inventories, SCP allows companies to maximize sales. Customer Analysis.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Planning Supply Chain Optimization Modeling 296

Kinaxis

MAY 29, 2025

When tariffs hit, crucial components that were once affordable can become prohibitively expensive, forcing companies to rethink their sourcing and production strategies. Solution: Real-time scenario planning combined with agile sourcing strategies to maintain supply chain continuity.

Modeling 130

Modeling Optimal Sourcing Manufacturing Procurement Material Savings 130

SCMDOJO

APRIL 11, 2025

Economic downturns can disrupt the flow of goods, increase operational costs, and reduce profit margins. In this blog post, well explore the importance of robust supply chains, the key risks they face during economic downturns, and practical strategies. Recession-proofing a supply chain doesn’t mean eliminating all risks.

Supply Chain Planning Software 69

Supply Chain Planning Software Inventory Reduction Waste Reduction Supply Chain Design Software 69

DELMIA Quintiq

AUGUST 4, 2020

Additive Manufacturing is accelerating the development phase and reducing time to market. With lead times shrinking and increasing needs to reduce cost this becomes an essential capability that all aerospace companies should be adopting. What are the benefits? Realizing the value.

Aerospace 296

Aerospace Material Savings Expense Reduction Cost Reduction Strategies 296

ThroughPut

OCTOBER 10, 2024

As businesses globally focus on reducing lost productivity, costly downtime, and rising inventory expenses, effective spare parts management has become a top priority—especially for asset-intensive industries. Poor spare parts management and planning can significantly impact the bottom line, leading to inventory failures.

Inventory Reduction 52

Inventory Reduction Waste Reduction Supply Chain Planning Software Cost Reduction Strategies 52