article thumbnail

2025 Supply Chain Trends: Turning Challenges into Advantages

Logility

Supply chain managers can identify patterns and trends, leading to more accurate demand forecasts and optimized inventory levels. Supply Chain Generative AI Readiness Handbook Explore these 8 Steps to GenAI Maturity Download 3. Companies must ensure the right inventory, at the right place, at the right time, and at the right cost.

Modeling 130
article thumbnail

Agentic AI Is Here – and It’s Transforming the Supply Chain

Logility

It’s a natural fit for an environment built on orchestration across vendors, partners, inventory, and data. Immediately, the agent reoptimizes inventory routes in North America and updates the customer in Europe all without human involvement. ” What makes supply chains an ideal proving ground for this evolution?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Five Suggestions for Practical Inventory Management

Logility

The real problem, however, was inventory. The client had a warehouse full of old stock that had been sitting unwanted for years , and there wasn’t enough room to accommodate the inventory that they were selling. . What is the right inventory level for your business? . Categorize your inventory. 1 Spring clean

article thumbnail

The Two Levers of Inventory Optimization

Logility

Two powerful levers a company can use to optimize inventory are “Working Capital” and “Customer Service Levels.” At its most basic, start with a piece of graph paper and plot your current service level on the x-axis and current inventory level on the y-axis. Back to present day and the supply chain.

Modeling 102
article thumbnail

Life Sciences Industry Inventory Optimization Health Check

Logility

One potential way to reduce costs without lowering the quality of healthcare is to optimize how much inventory is required and where that inventory is positioned. Minimizing the amount of inventory required to provide advanced healthcare reduces both working capital and obsolescence. Can we safely reduce inventory?

article thumbnail

10 Best Inventory Management Books

EMERGE App

Inventory management is a tough task, especially when you’re starting out. There are lots of inventory management books available which can help you understand basics, but I am here with the list of best books in the market. Best Inventory Management Books of All Time: 1.

article thumbnail

Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

ABC Analysis for Inventory Planning : Clustering products that behave similarly highlights issues, challenges, and opportunities for serving customers better. Another way is to cluster stores by looking at a specific category’s inventory productivity or sales performance. These metrics can also be used in inventory planning decisions.