Supply Chain Brain

JULY 19, 2022

The pandemic and resulting congestion in the supply chain have retailers reconsidering their traditional approach to sourcing and inventory management, says Larry Parker, department chair of transportation and logistics management, supply chain management, reverse logistics and government contracting at the Dr. Wallace E.

Inventory Reduction 97

Inventory Reduction Sourcing Strategies Supply Chain Strategy Inventory 97

QAD

FEBRUARY 13, 2023

Given the long list of FTZ benefits, including saving on Merchandise Processing Fees (MPF), reducing or eliminating duties, taxes, and tariffs, and allowing for tax-free storage of inventory while in the zone, it’s natural to wonder why more companies aren’t taking advantage of FTZs. In other words, what’s the catch?

Inventory Reduction 97

Inventory Reduction Inventory Report Waste Reduction 97

Supply Chain Shaman

OCTOBER 16, 2023

Governance. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. Holistic design of the form and function of inventory with a focus on setting inventory targets for each flow. Here are seven mistakes frequently made: Lack of Well-defined Governance.

S&OP 321

S&OP Supply and Demand Forecasting Supply Chain Design Software 321

Synovos

JULY 24, 2023

We support customers across the product lifecycle, whether via innovation and technical support at the design phase, improving time to market and productivity at the build phase, or reducing purchasing costs and optimizing inventory in the maintenance, repair and operation phase. A short video explaining RS’ ESG solutions is available here.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Government 52

NC State SCRC

JANUARY 20, 2022

To address this issue, one recommendation I am advocating would be to create government industrial policies that are targeted at supporting a domestic “stop gap” manufacturing capability. In addition, a multi-agency materials inventory portfolio based on in-depth supply market analysis is needed.

Government 59

Government Pharmaceutical Supply Chain Planning Software Supply Chain Design Software 59

Vinculum

APRIL 29, 2020

Inadequate inventory, uncertainties pertaining to logistics, resultant shipping delays are some of the over-the-top challenges encountered by the retail industry. At the outset of this global crisis, data governance is even more crucial for retail giants. The retail industry has been impacted the most due to the disrupted supply chain.

Government 52

Government Procurement Solutions Retail Data 52

My Office Apps

JULY 22, 2021

Consumable Inventory & the Medical Field. Unorganized medical inventory management can cause delays in providing patient care, and in the healthcare industry, each second matters. Unorganized medical inventory management can cause delays in providing patient care, and in the healthcare industry, each second matters.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Supply Chain Planning Software 52

NC State SCRC

MAY 7, 2020

We have started to put together ideas on what a national governance framework would look like, which would begin by establishing a standing governance model for national disasters. While we may not experience another disaster as severe as this pandemic, we need to assume the worst case in planning a governance model. First case?

Government 52

Government Pharmaceutical Supply Chain Planning Software Supply Chain Planning 52

Logistics Viewpoints

FEBRUARY 14, 2024

Supply chains are in the news, on governments’ agendas, and in the spotlight. Logistics and inventory management rounds out the top four focus areas at 82 percent. Logistics In line with the past several years, inventory management continues to be the top focus area in logistics.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 246

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

GlobalTranz

MAY 2, 2017

Manufacturers have always struggled to obtain the most accurate inventory levels possible. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. Let’s take a closer look at why such systems have the power to radically change standard inventory management operations.

Inventory Management Software 120

Inventory Management Software Inventory Reduction Inventory Management Procurement Analytics 120

Supply Chain Shaman

JUNE 9, 2023

A Focus on Safety Stock Is Too Narrow for Effective Inventory Management. A manufacturing company’s safety stock is 30-40% of the total inventory requirement. The form and function of inventory need to be addressed holistically, and this requires much, much more analysis than probabilistic forecasting. The reason?

Optimal Sourcing 299

Optimal Sourcing Supply Chain Planning Software Supply and Demand Supply Chain Design Software 299

Vinculum

FEBRUARY 27, 2020

Now, let’s have a quick peek into the major data governance challenges pertaining to the retail industry. For instance, the data governance team needs to have a holistic and unified view of data pertaining to the customer purchase order, available inventory, order shipping details, etc. Data Governance Best Practices.

Government 52

Government Supply Chain Planning Software Procurement Solutions Retail 52

RFgen

MAY 16, 2023

Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. That’s why most inventory handlers leverage data. The role of data analytics in optimizing inventory management processes has become increasingly important.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

ToolsGroup

MARCH 26, 2024

The visualization and scenario planning of the physical and financial value chain overlaid with a digital representation of the actual flow of goods enables us to utilize longer-term strategic supply chain design variations and optimize inventory and service levels.” “Our

ToolsGroup 156

ToolsGroup Network Design Software Supply Chain Design Software Supply Chain Planning Software 156

NC State SCRC

APRIL 22, 2020

At that time, I wrote a study for the IBM Business of Government, titled “ Planning for the Inevitable: The Role of the Federal Supply Chain in in Preparing for National Emergencies ” that laid out important trends that were apparent as a result of the avian and H1N1 flu viruses that occurred in the global economy.

Supply Chain Planning Software 94

Supply Chain Planning Software Scenario Planning Supply Chain Planning Government 94

CargoBarn

JANUARY 23, 2019

The government shutdown is now entering day 34 , about a quarter of the government remains unfunded including the Department of Homeland Security. That will put the bidding process on hold, especially in states that receive a large share of their highway dollars from the federal government.

Government 53

Government Logistics Network Optimization Software Logistics Supply Chain Planning Software 53

Unleashed

SEPTEMBER 7, 2021

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. Hence, some companies will find corded barcode scanners to be all they need, where other companies require wireless scanners to support their online inventory management.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Reduction Inventory 96

Supply Chain Shaman

DECEMBER 27, 2022

McKinsey promises improved agility (not defined) with up to a 30% reduction in operational cost and a decrease in inventory of 75%. (I The technology is the easy part, but making a conscious choice on inventory deployment is challenging for companies. The focus needs to be on how to build governance processes to use the models.

Supply Chain Software 393

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 393

Ware2Go

OCTOBER 8, 2021

Everything you need to know about inventory tax. Learn which states collect it, its impact on your business, how to reduce it, and how to leverage fulfillment technology to accurately track and control inventory. Understanding Inventory Tax. Is There a Federal Inventory Tax? How Does Inventory Tax Affect My Business?

Inventory Reduction 52

Inventory Reduction Inventory Expense Reduction West Virginia 52

ThroughPut

OCTOBER 16, 2022

A roadmap towards achieving demand-driven inventory replenishment planning. Therefore organizations which have a replenishment planning approach with a demand-driven module, ensures inventory optimization , reduces rework, and eliminates bottlenecks in the supply chain to enhance resilience. Why demand – driven replenishment?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Modeling Supply Chain Planning Software 52

RFgen

MAY 19, 2020

Food and beverage companies face inventory challenges from public scrutiny over food safety and granular government oversight. Public concern over food quality and safety continues to rise, causing intense government and regulatory oversight. The Problem: Tracking Inventory Across the Food & Beverage Supply Chain.

Real-time Visibility 55

Real-time Visibility Beverage Food Inventory Reduction 55

Logistics Viewpoints

JANUARY 22, 2024

It is commonly believed that Europe leads the US in environmental, social, and governance legislation and enforcement. Historically, an OOM has access to all the company’s inventory. The system allocated which orders would get inventory from a given location to fulfill an order. Rules were used to make these decisions.

Supply Chain Optimization 233

Supply Chain Optimization Modeling Supply Chain Software Optimization Software 233

RFgen

MAY 19, 2020

Food and beverage companies face inventory challenges from public scrutiny over food safety and granular government oversight. Public concern over food quality and safety continues to rise, causing intense government and regulatory oversight. The Problem: Tracking Inventory Across the Food & Beverage Supply Chain.

Real-time Visibility 52

Real-time Visibility Beverage Food Inventory Reduction 52

Clear Spider

MARCH 31, 2020

Additionally, in our most recent update , we answered the pressing questions regarding whether now would be a good time to implement an inventory management system for businesses and other organizations. Do you have a basic inventory management system in place, but are finding it insufficient to handle the increased inventory movement?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Supply Chain Planning Software 52

Taulia

SEPTEMBER 9, 2021

Inventory management is an essential process for almost every type of business. Inventory is often the largest current asset and poor or ineffective management of stock can lead to large losses or in some cases, business failure. Yet the successful organization of inventory is not without its challenges.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Material Savings 52

RFgen

MAY 5, 2020

Many companies in the industry rely on unsustainable, manual data collection processes, creating a gap in inventory visibility. While commonplace in their use, keeping track of these high value, small electrical components can be an inventory management nightmare. The Problem: Lack of Inventory Visibility.

Real-time Visibility 54

Real-time Visibility Electronics Inventory Reduction Inventory 54

Enterra Insights

OCTOBER 17, 2023

As China’s economy slows, its leaders worry that emerging foreign government and transnational corporate strategies focused on trade with China will make matters worse. Journalist Spriha Srivastava reports, “Chinese Premier Li Qiang criticized governments in the West for their idea of reducing dependency on China.

Supply Chain Strategy 130

Supply Chain Strategy Material Savings Global Supply Chain Optimization 130

Unleashed

MARCH 24, 2020

Effective inventory control is a process. It involves many areas of an organisation and is a delicate balance between the three categories of inventory costs. As one of a business’ greatest assets, inventory is also the cause one of the hardest decisions manufacturers, retailers and eCommerce businesses have to make.

Inventory Reduction 61

Inventory Reduction Inventory Management Software Waste Reduction Inventory 61

Logistics Viewpoints

FEBRUARY 26, 2024

These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur. Buying organizations use this technology to monitor and analyze supplier risk events in real-time.

Supply Chain Planning Software 249

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 249

RFgen

FEBRUARY 17, 2016

Businesses sometimes see government regulations for manufacturing and inventory management as an obstacle to success. Additional government rules may seem more like limits than guidelines. There are advantages offered by following government regulations outside of the obvious ability to keep doing business, however.

Government 52

Government Price Reduction Inventory Reduction Resource Reduction 52

RFgen

FEBRUARY 17, 2016

Businesses sometimes see government regulations for manufacturing and inventory management as an obstacle to success. Additional government rules may seem more like limits than guidelines. There are advantages offered by following government regulations outside of the obvious ability to keep doing business, however.

Government 52

Government Price Reduction Inventory Reduction Resource Reduction 52

RFgen

MAY 5, 2020

Many companies in the industry rely on unsustainable, manual data collection processes, creating a gap in inventory visibility. While commonplace in their use, keeping track of these high value, small electrical components can be an inventory management nightmare. The Problem: Lack of Inventory Visibility.

Real-time Visibility 52

Real-time Visibility Electronics Inventory Reduction Inventory 52

ThroughPut

SEPTEMBER 27, 2021

Demand-driven Inventory Replenishment Planning. A Demand-Driven Inventory Plan enlists both strategy and execution for resilience and profitability in the midst of economic upheaval. They also are indicative of internal levels of inventory, orders, and demand across the supply chain. External Replenishment Triggers.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Optimal Sourcing Modeling 52

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

ToolsGroup

JUNE 6, 2023

With Demand Planning & Forecasting , Inventory Optimization , and Replenishment , the company is now equipped with an automated, AI-driven supply chain. We’re excited to transform our business while continuing to provide customers with the best products the sea has to offer.”

ToolsGroup 156

ToolsGroup Supply Chain Software Supply Chain Planning Software Supply Chain Optimization 156

RFgen

JULY 7, 2020

Many companies rely on spreadsheets to track and record warehouse inventory movements. Today’s challenges require modernizing manual inventory tracking with digital automation like mobile barcoding technology. Too many companies rely on inefficient, inaccurate manual processes like recording inventory movements in spreadsheets.

Inventory Reduction 54

Inventory Reduction Cost Reduction Strategies Warehousing Inventory 54