New Horizon Supply Chain Blog

AUGUST 30, 2023

Introduction I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. Inventory metrics are less intuitive, but ever since U.S. The link between forecast accuracy and corporate goals is less clear.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

New Horizon Supply Chain Blog

JULY 15, 2022

I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. Inventory metrics are less intuitive, but ever since U.S. The link between forecast accuracy and corporate goals is less clear. Introduction.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

ToolsGroup

JULY 26, 2016

Most CPG companies have hit a demand forecasting ceiling. Consumer package goods (CPG) companies are looking for growth and scouring markets for opportunity. And complexity creates a challenge of how to forecast accurately when faced with new items, new channels and demand shaping. The good ones are breaking through.

Forecasting 120

Forecasting Supply and Demand Optimal Sourcing Inventory Reduction 120

ToolsGroup

JULY 27, 2021

On the surface, it seems like the consumer packaged goods (CPG) industry performed better than most during the COVID pandemic. No forecast can predict the future with absolute certainty. Sense Consumer Demand to Fine-Tune Forecasts. With a reliable probabilistic forecast as a foundation, now you can fine-tune.

Agile and Lean Supply Chain 290

Agile and Lean Supply Chain Supply and Demand Supply Chain Planning Software Gartner 290

Logility

AUGUST 10, 2021

But for anyone in the consumer packaged goods (CPG) industry, figuring out how to compete in a demand-driven consumer packaged goods market has been a roller coaster of both uncertainty and opportunity. Here are three ways to help position your business to compete in a demand-driven consumer packaged goods market.

Modeling 130

Modeling Supply Chain Planning Software Scenario Planning Demand Planning Software 130

Logistics Viewpoints

APRIL 10, 2023

Or, alternatively, a company carries too much inventory, storage for excess inventory must be purchased, and cash flows become tight. Franklin Sorts buys deflated balls, packaging material, and a ball pump. This warehouse provides inventory storage for goods not yet ordered that will ship later. When she joined, Ms.

Security 198

Security Supply Chain Planning Jordan Forecasting 198

Supply Chain Brain

AUGUST 21, 2020

What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind.

Forecasting 40

Forecasting Benchmarking Study Inventory Reduction 40

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Management Software 74

Inventory Management Software Inventory Reduction Inventory Management Inventory 74

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

ThroughPut

FEBRUARY 24, 2020

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. This includes production elements such as material sourcing, job allocation, transport logistics, production scheduling, inventory optimization and more.

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Supply Chain Planning Software 52

ThroughPut

FEBRUARY 24, 2020

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. This includes production elements such as material sourcing, job allocation, transport logistics, production scheduling, inventory optimization and more.

Forecasting 59

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 59

ToolsGroup

FEBRUARY 10, 2022

All of these activities speak directly to the benefits of demand shaping which include increased revenue, increased exposure and reduced inventory. Retailers and consumer packaged goods companies are especially adept at utilizing this strategy to great effect because they recognize the power of promotion.

Inventory Reduction 156

Inventory Reduction Modeling Price Reduction Waste Reduction 156

ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

BlueYonder

APRIL 1, 2024

Retailers must enhance their inventory and fulfillment decisioning capabilities to thrive in this dynamic landscape. Efficiently allocating inventory across channels while minimizing costs is no small feat. Fulfilling online orders is the costliest channel due to factors like shipping, packaging and returns. Here’s how: a.

Inventory Reduction 57

Inventory Reduction Real-time Visibility Inventory Expense Reduction 57

Unleashed

JANUARY 17, 2019

A distributor of winter sports equipment, for example, would make most of its sales in the lead up to and during winter, but if it can’t meet this demand through inefficient inventory management it simply won’t make enough money to easily cover year-round fixed costs. Factor in lead times before it’s too late! Stock up on supplies.

Forecasting 76

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 76

Supply Chain Shaman

DECEMBER 23, 2014

Get Good at Having a Real-time Perpetual Inventory Signal. Foundational for ecommerce is a real-time perpetual inventory (PI) signal. If you are going to be excellent at ecommerce fulfillment, you need to have great perpetual inventory capabilities. No matter where inventory is, put it to work. Don’t fool yourself.

Packaging 291

Packaging Inventory Reduction Supply Chain Design Software San Francisco 291

Logility

FEBRUARY 13, 2020

The accuracy of conventional time-series forecasts eventually hits a ceiling. Even high-volume consumer packaged products with well-understood seasonality established over decades continue to experience high near-term forecast error rates. Final forecast together with forecast accuracy and forecast bias.

Supply and Demand 175

Supply and Demand Optimal Sourcing Forecasting Inventory Reduction 175

AIMMS

OCTOBER 17, 2023

Efficient inventory management Demand Forecasting: Use demand analytics to predict demand more accurately, thus reducing overstocking or stockouts. Reduce Product Returns: Focus on quality control and accurate demand forecasting to minimize returns which add to carbon emissions and costs.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Modeling Waste Reduction 156

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

ThroughPut

FEBRUARY 24, 2020

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. This includes production elements such as material sourcing, job allocation, transport logistics, production scheduling, inventory optimization and more.

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 52

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. Ipsen also need to reduce their lead times.

Customer Service 192

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 192

Logility

SEPTEMBER 7, 2021

All businesses need to manage the product life cycle effectively if they want to be successful, but this is especially important for companies that deal with consumer packaged goods (CPG) products, such as clothing, cosmetics, electronics, and seasonal items. Orienting CPG inventory management around agility can help significantly.

Packaging 130

Packaging Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 130

SCMDOJO

APRIL 29, 2024

Planning: This stage involves forecasting demand, setting production schedules, and creating a strategic framework for the entire supply chain. Warehousing: Warehousing involves the storage and management of inventory. It also involves inventory management, order fulfillment, and monitoring stock levels.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 52

Unleashed

MAY 7, 2023

With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Material Savings Inventory 52

Unleashed

JULY 12, 2023

Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

Inventory Reduction 52

Inventory Reduction Examples Inventory Material Savings 52

RFgen

MAY 10, 2023

The ability to control costs is critical for effective inventory management. Regaining control over your inventory can make your warehouse and shop floor more efficient. But how do you reduce inventory costs and maximize profit margins? Cutting Costs: Strategies for Reducing Inventory Costs 1. or higher.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Vendor Strategies 52

ToolsGroup

MAY 17, 2016

Industry analysts have pointed out an obvious fit with inventory optimization. If retailers optimize their inventory—dynamically aligning their supply chains to changing customer preferences and behavior—they can position inventory to satisfy demand at the lowest possible cost.

Optimization Software 180

Optimization Software Omnichannel Inventory Reduction Supply Chain Optimization 180

My Office Apps

JULY 19, 2023

Efficient Consumable Inventory Management: Tips for Success in Supply Chain Optimization Welcome to the ultimate guide to efficient consumable inventory management! Understanding Consumable Inventory Consumable inventory plays a crucial role in various businesses and industries.

Inventory Management Software 54

Inventory Management Software Inventory Management Inventory Reduction Inventory 54

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

My Office Apps

MARCH 19, 2024

Needs: Lean manufacturing practices, process improvement initiatives, preventive maintenance programs, quality control measures, material requirements planning (MRP) for optimized inventory control. production planning, quality control, inventory management). production planning, quality control, inventory management).

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Optimization Software 52

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

IDC’s Predictions for 2022 and Beyond webinar threw a lens on the four key overarching themes that address critical hotspots for today’s supply chains: resiliency, worker productivity, forecasting, and last mile. The event highlighted that future supply chains are essential for ensuring business continuity, growth, and future competitiveness.

Predictive Analytics Software 245

Predictive Analytics Software Supply Chain Software Agile and Lean Supply Chain Modeling 245

Unleashed

AUGUST 29, 2023

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates tedious manual tasks that can be prone to human error, improving the accuracy of a company’s recorded inventory levels and reducing inventory carrying costs.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Supply Chain Design Software 52

Logility

MARCH 12, 2021

Better forecasting and demand planning processes, which in the past had been beset by low accuracy and poor adoption, were a priority. Forecasting and demand planning can be a challenge because they require a significant amount of quantitative analysis and subjective management judgment. The A nalytics to B oost your Demand Planning.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

Supply Chain Movement

JANUARY 7, 2013

The Consumer Packaged Goods (CPG) industry faced another year of challenges from economic turbulence and weak consumer confidence in 2011. Given the volatility and rapid pace of promotional activities and product innovation, the gradual increase in forecast error since 2009 comes as no surprise. Forecasting errors.

Forecasting 68

Forecasting Benchmarking Forecasting Software Study 68

QAD

MARCH 30, 2023

As I discussed in a recent article in RFID Journal , RFID technology has changed a lot since 2005 and could be the secret to ensuring greater visibility and inventory accuracy this year. and bring inventory accuracy up to an impressive 99.9%. Inventory tracking is the most successful use case for RFID technology.

Manufacturing Procurement 90

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 90

Logistics Viewpoints

JANUARY 9, 2023

“If things are normal, for example there are no exceptions in the forecast, there are no ‘situations’ that are out of control, then the system will just move you forward day-to-day. The network can also provide visibility to whether the supply chain network has enough inventory across their sites and on inbound shipments.

Supply Chain Planning Software 247

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Network Software 247