Procurement Academy
AUGUST 25, 2022
When freight volume grows and transportation becomes more complicated, the need for logistics management rises. Thus, training in logistics management is rightly prioritized by organizations as optimizing this process can lead to increased profits. So how can organizations train employees for effective logistics management?
Logility
JULY 5, 2023
It is trained on a large dataset of existing content, and it learns to generate new content that is similar to the content it was trained on. This leads to optimized inventory levels, reduced stockouts, and enhanced customer satisfaction. Generative AI is a Large Language Model (LLM), a type of AI that can create new content.
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Supply Chain Shaman
SEPTEMBER 3, 2015
We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”
Supply Chain Opz
JUNE 23, 2014
Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. The reason is that most people now realize the value of planning practice like Sales and Operations Planning (S&OP).
ToolsGroup
NOVEMBER 30, 2020
With Service Optimizer 99+ (SO99+) ToolsGroup’s manufacturing customers commonly achieve a 10-30% reduction in inventory, improve product availability to 96% or better, and reduce overhead (such as overtime and expedited freight) by 50%. Reduced inventory value of safety stock on clustered items by 18%.
Supply Chain Shaman
FEBRUARY 16, 2024
The translation of ripple effects of short supply, pricing, quality issues, and freight shifts affects how to source, make, and deliver processes should align. Sadly I observed that as the training and knowledge sharing over the last two decades became more available, it was also less valuable as the supply chain became more mainstream.
SYSPRO Smarter ERP
NOVEMBER 30, 2021
Adequate cross training is not occurring fast enough to fill the gap. labor, materials and warehousing, to IT, freight and safety. Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits. Managing Inventory.
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