The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

A friend recently told me a fitting example of this: A few years ago, he worked for an AI startup that was invited by a large pharmaceutical company to give a board presentation. The presentation went well, but my friend and his colleague, an AI programmer, were subsequently in a moral quandary. MORE FROM THIS EDITION.

How To 246

How To Supply Chain Software Supply Chain Planning Software Singapore 246

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

Logistics Viewpoints

JUNE 9, 2022

This warehouse runs at a perfect optimum with fixed capital in the form of inventory balanced perfectly with sales and purchasing, and all the items perfectly distributed to the various storage areas of the warehouse. The post Logistics Software: How to Make Handling Peak Times Easy appeared first on Logistics Viewpoints.

Logistics Network Optimization Software 224

Logistics Network Optimization Software Analytics Software Optimization Software Forecasting Software 224

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

SCMDOJO

AUGUST 19, 2022

How to Manage Supply Chain Complexities. Automation can be present in all operational areas, from automated accounting to an automated warehouse. Real-time Inventory Management. Integrating software to handle inventory management is essential and can really minimize financial disasters for a company. Increased costs.

Supply Chain Software 114

Supply Chain Software Optimal Sourcing Supply Chain Optimization Manufacturing Procurement 114

ShipBob

NOVEMBER 29, 2023

These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory. What is ghost inventory?

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

ToolsGroup

JULY 6, 2021

In this post, I’ll dig deeper into how to run a successful proof of concept. Tips for how to run a successful software proof of concept: Let your business objectives shape the scenario you want to model. The truth is, with a major software selection, both the customer and the vendor are deeply invested in the process.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Procurement Solutions Modeling Software 156

Logistics Viewpoints

APRIL 27, 2023

Transitioning from legacy systems presents hurdles that add to the true cost. Plan for training – An implementation will save you money and give you a competitive edge, but only if your employees know how to use the new system. Below are some tips for presenting your request to your supervisor.

Supply Chain Planning Software 203

Supply Chain Planning Software Modeling Software Logistics Network Optimization Software Supply Chain Software 203

ToolsGroup

JUNE 2, 2021

Gartner’s report, “10 Steps to Select Supply Chain Planning Technology Effectively” offers advice for how to select supply chain planning software by understanding how all the different pieces of technology fit together, and following steps to ensure your SCP technology works for you and doesn’t become “shelfware”.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling Software 156

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

AB&R

AUGUST 16, 2023

Better Chemical Inventory and Asset Management By AB&R Efficient Inventory and Asset Management for the Chemical Industry The chemical industry produces many innovative and crucial products for different industries and markets, but inventory and asset tracking processes within the chemical business are still very old-school.

Asset Management 52

Asset Management Chemicals Supply Chain Design Software Inventory Management Software 52

Taulia

MARCH 14, 2023

Effective working capital management – a process usually geared around improving working capital by freeing up cash trapped on the balance sheet or in inventory – is crucial in turbulent economic conditions. Measuring working capital Before discussing how to improve it, let’s first cover how to measure working capital.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Expense Reduction Cost Reduction Strategies 52

RFgen

JUNE 22, 2023

Unlocking the synergy between consulting services, ERP systems, and inventory management is the key to creating a powerhouse of efficiency. But how are they related? How do they work together? Together, consulting and ERP complement each other to improve your inventory management system.

Inventory Management Software 72

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Optimization Software 72

AB&R

APRIL 12, 2022

There are still variables, but experts in the industry are aware of them and know how to bypass them. The pandemic accelerated the Buy Online Pick Up in Store (BOPIS) model, which accounted for $72 billion in purchases in 2020, having greater inventory accuracy grew ever more important. HAVE QUESTIONS? WE’RE HERE FOR YOU.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

GlobalTranz

FEBRUARY 2, 2018

Align Inventory Placement With Demand. Retailers must align inventory placement , its physical location, with demand. This means moving inventory to make it closer to markets where it is sells. Staff members also need to know how to manage omnichannel fulfillment. The next step is simple.

Omnichannel 169

Omnichannel Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 169

crisp

OCTOBER 20, 2022

Now that you know how to access your retail data easily and often, here are the metrics you’ll want to keep on hand: Velocity. How to use it: Velocity can be used as a valuable storytelling vehicle for CPG brands looking to secure partnerships with new retailers and strengthen relationships with existing retailers. Supply Chain.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

Logility

MARCH 6, 2024

It looks at past and present data and organizes the information into clear patterns. Prescriptive analytics considers the present situation, meshing current data with simulation algorithms to answer, “What should we do?” Descriptive analytics answers the question, “What happened?”

Prescriptive Analytics Software 183

Prescriptive Analytics Software Analytics Software Predictive Analytics Supply Chain Planning Software 183

RFgen

NOVEMBER 18, 2020

Many inventory management challenges are caused by outdated manual processes. If simply ignored, inventory management problems can snowball, leading to high overhead costs, poor throughput, demand planning, inflexibility, lost business and more. Inventory fuels the modern enterprise. Paper Causes Inventory Management Challenges.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Supply Chain Software 96

Unleashed

APRIL 18, 2023

Great inventory management comes down to good systems, good processes, and constant improvement. The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Unleashed

JUNE 7, 2023

Inventory optimisation is the process that enables efficient inventory management. In this guide, we define inventory optimisation and offer a few actionable tips and strategies for getting it right every time. In this inventory optimisation guide: What is inventory optimisation?

Inventory Management Software 52

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

Supply Chain Shaman

SEPTEMBER 20, 2015

As I sit on the back row, I hear platitudes (A number of concepts positioned at a high level without clarity on how to execute). Today, there is not a well-defined template on how to build and operate a supply chain defined by customer policy and segmentation strategy. In the process, I get to hear the views of many thought leaders.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Logility

JUNE 7, 2017

More than anything, I learned how to analyze and solve problems. Back to present day and the supply chain. Two powerful levers a company can use to optimize inventory are “Working Capital” and “Customer Service Levels.” When you remove inefficiencies, failures, etc.

Modeling 102

Modeling Inventory Reduction Optimization Modeling Supply Chain Optimization 102

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

Logistics Viewpoints

APRIL 22, 2024

More importantly, we needed to capture the knowledge of our subject matter experts on how to make all of that happen.” However, complex process manufacturing presents a much more difficult ATP problem than is typical in discrete industries. Achieving a perfect order is a struggle for almost every business.

Georgia 225

Georgia Optimal Sourcing Modeling Modeling Software 225

Supply Chain Opz

NOVEMBER 9, 2014

That''s why we ask our experts a very simple question " How to improve the operational efficiency in global supply chain? ". Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. However, you may wonder what kind of practices really work.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

RFgen

APRIL 10, 2023

Inventory management is a critical aspect of any business’s operations, ensuring that products are accounted for, tracked, and optimally utilized. With advancements in warehouse technology, businesses now have access to powerful tools, such as mobile barcode software, which greatly improve inventory management processes.

Inventory Management Software 52

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

Logistics Viewpoints

JUNE 13, 2022

But the inventory planning systems that forecast where inventory will be needed are not. Walgreen is intrigued by functionality that better integrates inventory planning with order fulfillment. Over time, this functionality will improve inventory placement to support omnicommerce. No forecast is perfect.

Supply Chain Planning Software 301

Supply Chain Planning Software Forecasting Software Demand Planning Software Puerto Rico 301

Logility

JANUARY 22, 2019

In steps 1-3 we created a unified “one-number plan” to be used by all departments and we developed processes to better understand demand patterns and synchronize inventory investments with supply and sourcing needs for increased visibility.

Supply Chain Design Software 113

Supply Chain Design Software Apparel Supply Chain Design Supply Chain Planning Software 113

ShipBob

MAY 6, 2022

This post takes a closer look at the biggest wholesale supply chain challenges and how to resolve them. Combined with a lack of supply chain forecasting , you’ll have a hard time accurately forecasting how much inventory you will need in the near future. Inventory overstocking. What is meant by wholesale supply chain?

Supply Chain Software 52

Supply Chain Software Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization 52

RFgen

NOVEMBER 18, 2020

Many inventory management challenges are caused by outdated manual processes. If simply ignored, inventory management problems can snowball, leading to high overhead costs, poor throughput, demand planning, inflexibility, lost business and more. Inventory fuels the modern enterprise. Paper Causes Inventory Management Challenges.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Supply Chain Software 52

Kinaxis

MARCH 25, 2015

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ Poor inventory performance can create a significant obstacle to growth and profitability. Visibility allows you to see precisely how much inventory you have and where.

Optimal Sourcing 100

Optimal Sourcing Inventory Reduction Modeling Inventory 100

Logistics Viewpoints

AUGUST 7, 2023

Pete Bennett, and his co-presenter, Mary Byrne, the vice president of supply and demand planning, spoke during a presentation at Kinaxis’ user conference Kinexions. Companies typically expect that inventory levels will drop and service levels improve at the end of the first month. I put my name on the line.”

Supply Chain Planning Software 175

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 175

EazyStock

MARCH 22, 2022

Harder to manage supplier lead times – if you cannot give suppliers a good forecast of your annual inventory needs, it will be harder for them to meet your delivery deadlines. These are all very unwelcome problems for inventory planners, and unfortunately, unpredictable demand seems to be the new normal.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

DELMIA Quintiq

OCTOBER 25, 2015

As a result, most packaging manufacturers struggle with delivery reliability and high inventory levels. The biggest problem is that many packaging manufacturers still use the batch- and-queue approach that tends to drive up inventory and lead time. Find out how you can optimize capacity utilization of all resources here.

Packaging 120

Packaging Manufacturing Resource Reduction Inventory Reduction 120

ToolsGroup

FEBRUARY 7, 2021

We saw how would they enter the market and how they see the market. Especially, I would say when we were talking about the Amazon effect I would say now it’s present more than ever maybe even changing the word into the COVID effect. And digitalization is more than present.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

Logility

JULY 26, 2022

” Johanson’s observation presents an interesting dilemma for most supply chain organizations. Plus, the network’s structure alone locks in 80% of logistics costs, including the distance between suppliers and customers, number of facilities, inventory levels, and labor and lease markets.

Supply Chain Design Software 173

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Optimization 173