Remove Forecasting Remove Inventory Remove Manufacturing Remove Workshop
article thumbnail

Is Your Supply Chain ‘Ready for Anything’?

ToolsGroup

Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math. and reduced inventory by 18%.

article thumbnail

Editor’s Choice: 8 Supply Chain Planning Challenges Retailers Will Face In 2022 And Tips To Overcome Them

Logistics Viewpoints

In addition, there are disruptions in the manufacturing of parts and supplies of raw materials. As we have seen in 2021, businesses automated and integrated supply chain planning capabilities, including demand-sensing , dynamic safety-stock management , inventory optimization , and external collaboration.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unleashed Cash Flow Workshop: Experts Share Tips for Generating Cash Flow & Mitigating Risk

Unleashed

As a result, significant amounts of cash flow remain tied up in unmoving inventory. Converting overstocked inventory into positive cash flow While prevention may be preferable to cure, the reality is that many firms are still stuck with excess stock tying up their cash flow and costing them thousands in storage fees.

article thumbnail

Allopneus.com Optimizes Inventory and Improves Competitiveness with ToolsGroup

ToolsGroup

ToolsGroup supply chain planning software allows Allopneus.com to improve inventory quality while reducing storage space at its national distribution center by almost 20%. Moreover, the supply cycles of manufacturers who are very far away can be quite long. Inventory management is the key. Inventory management is the key.

article thumbnail

What is Supply Chain Planning Software and How Can it be Used Effectively? Part 1

DELMIA Quintiq

Why do manufacturers need an effective supply chain plan? Without an effective supply chain plan, manufactures cannot make accurate and timely decisions on what to buy, what to make, what to move, what to stock, when to launch and when to discontinue. Necessity, as the saying goes, is the mother of invention.

article thumbnail

Inventory Management Techniques That You Need to Know About

EMERGE App

Not Another List of Inventory Management Techniques. I want to start by saying that this is not an exhaustive list of all the possible inventory management techniques available for all industries. What we will cover are practical inventory management techniques that: Our customers use; and. Downside of Inventory Mismanagement.

article thumbnail

Lessons Learned from the Beer Game

BlueYonder

At JDA, one of the vehicles we’ve been using to demonstrate the benefits of effective supply planning and collaboration across the supply chain is the Collaborative Flow Planning workshop — AKA, The Beer Game. In the workshop, we play the game twice. We’ve executed this workshop many times over the last two years.