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How AI is Revolutionizing Inventory Planning and Optimization – InventoryAI

Logility

Inventory planning and optimization are no different. Building a dynamic inventory view InventoryAI+ offers unprecedented capabilities, including the development of a user-friendly dashboard. Automated inventory policy capabilities create probabilistic forecasts and determine appropriate safety stock levels.

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Removing the Two Barriers to Optimizing Inventory

Logility

Supply chain leaders often find themselves in a difficult situation when it comes to the conflicting goals of improving customer service and minimizing inventory. This isn’t a new dilemma, the balancing act between inventory and service has been going on since the earliest days of commerce. Caught Between a Rock and a Hard Place.

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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?

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The Top 15 Retail Trends for 2022

ToolsGroup

Companies who offered these policies are seeing the rewards in revenue: In 2021, United States stores offering buy online pick-up in-store (BOPIS) saw 50% more year-on-year Black Friday growth. Maximizing sales with this method requires accurate modeling of demand to ensure you have enough inventory to ship to stores.

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Earth Day spotlight: What it means to be a Benefit Corporation in CPG

crisp

Purely Elizabeth’s VP of Sourcing & Sustainability Christin Powers spoke with Crisp about how in 2015, the then start-up used the B Lab assessment as a tool to develop processes and best practices to help build the business – knowing that they wanted to uphold the most sustainable, and ethical policies possible. “We

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The Difference between IO and MEIO

Logility

Do you optimize inventory at each location separately or are you optimizing total inventory across the entire network taking into consideration the interdependencies between stocking locations? What type of Inventory Optimization capability does your company need? eBook: The Inventory Optimization Handbook.

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S&OP, a vision for the future. The expert interview series #5

Supply Chain Trend

Many just get into a routine of constantly increasing precision of what they can control and understand ( IFRS / GAAP accounting and ERP systems that enforce these rules) but in miss accurate measurement of flow of production / inventories. Disjoint plans and plans built on non synchronized data leads to more inventory and unhappy customers.

S&OP 60