Logility

AUGUST 31, 2022

It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Disruption Optimal Sourcing Inventory Reduction 130

ToolsGroup

SEPTEMBER 29, 2022

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. The survey report: How Retailers Win Customer Loyalty in an Omnichannel World tracks the change in U.S. Across other retail sectors, customers have increased their trust in inventory availability from 1-7%.

ToolsGroup 156

ToolsGroup Optimal Sourcing Study Groups 156

QAD

FEBRUARY 20, 2024

The Causes of Stock Loss Sources of stock loss can include: Incorrect part movement Scrap with parts being dropped and damaged Shipping inaccuracy from warehouses and suppliers Manual mistakes in the processes Supplier performance Inaccurate forecasting Split shipments can also cause issues. Stock loss isn’t selective on item size either.

Manufacturing Procurement 96

Manufacturing Procurement How To Material Savings Supply Chain Design Software 96

ToolsGroup

APRIL 12, 2019

With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. This invariably leads to extra freight costs and excess and obsolete inventory that either needs to be written off or sold at a heavy discount.

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 227

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

QAD

APRIL 11, 2024

How else would we know which products consumers will want next, where to source inputs from or how much of an item to produce? For business leaders, that means data-driven marketing strategies, optimized inventory and, most importantly, happy customers. Is AI right for your business?

Predictive Analytics 73

Predictive Analytics Predictive Analytics Software Supply Chain Disruption Supply and Demand 73

OptiProERP

APRIL 9, 2024

Integration with inventory management systems is crucial to accurately confirm product availability and delivery timelines. Image source : McKinsey & Company Technology for Tracking Tracking the Q2C process requires robust functionality. Order Management Once a quote is accepted, it transitions into an order.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

Logility

APRIL 23, 2020

Take a data asset inventory. Once the project is defined, it is critical that an inventory of all data assets is taken. Answering the questions that the business has may require gathering additional data, purchasing data from third parties, or reformatting existing data sources. You may also like this ebook. Manage the model.

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

EC Sourcing Group

JULY 26, 2022

Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. A well-designed sourcing dashboard helps the CPO move projects ahead and view all events in one place using graphs, charts, and tags as guides/alerts. How To Use Advanced Analytics.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

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

RFgen

JUNE 2, 2023

A New Perspective on Inventory Management Inventory management can feel like a constant game of cat and mouse—chasing after ever-changing demand while trying to balance stock levels. As revealed in the RFgen Digital Inventory Report , a major challenge in inventory management is having too many challenges.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Optimization Software Supply Chain Software 52

Precoro

SEPTEMBER 6, 2021

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Focuses on what and how is supplied.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

USC Consulting Group

APRIL 1, 2020

Sales, Inventory & Operations Planning (SIOP) is a dynamic process in which the company’s operating plan is updated on a regular monthly or more frequent basis. Another contribution of Sales, Inventory & Operations Planning is that it enables the company to fine-tune its long-range strategic plan and annual business plan.

Inventory Reduction 75

Inventory Reduction Resource Reduction Supply Chain Planning Software Material Savings 75

Logility

APRIL 27, 2021

It’s important to know the dangers behind SCM-to-SAP integration, and how to avoid them. SAP ERP-to-SAP SCM Standard Integration. Standard SAP ERP-to-SAP SCM integration provides a complex technological starting point for SAP SCM integration.

SAP 174

SAP SCM Supply Chain Planning Software Modeling Software 174

SCMDOJO

AUGUST 19, 2022

New global consumer markets, characterized by sourcing activities and low manufacturing costs, seem to take the supply chain into more contemporary territory. How to Manage Supply Chain Complexities. Real-time Inventory Management. It gives a full overview of your operations and keeps track of all inventory levels.

Supply Chain Software 119

Supply Chain Software Optimal Sourcing Supply Chain Optimization Manufacturing Procurement 119

Logility

JANUARY 12, 2021

Live Event Explores How to Improve Profitability, Increase Customer Satisfaction and Free Working Capital. automating the digital transformation of supply chain optimization and advanced retail planning, invites you to the upcoming webcast: Roadmap to Overcoming Five Obstacles to Achieving Multi-Echelon Inventory Optimization.

Optimal Sourcing 130

Optimal Sourcing Optimization Software Logility Supply Chain Planning Software 130

EazyStock

FEBRUARY 7, 2020

Inventory Management, Business Growth & Expanding Product Portfolios. At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. In this three-part blog series we’re looking at each of these inventory management problems.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Management Software Forecasting Software 52

QAD

MAY 23, 2023

The goal, from a manufacturing perspective, is clear: learn how to do more with less as efficiently as possible while maintaining profitability and complying with due diligence legislation. As discussed in a recent QAD blog post , the United Nations forecasts 160 million children between the ages of 5 and 17 are involved in child labor.

Procurement Solutions 94

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 94

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

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

Taulia

JULY 14, 2022

Inventory management is the term used to describe the approach an organization takes to source, store, track, and sell inventory. For companies that have large volumes of inventory, it is usually advisable to use a dedicated system to manage inventory. What is an inventory management system?

Inventory Management Software 97

Inventory Management Software Inventory Management Supply Chain Design Software Demand Planning Software 97

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

ToolsGroup

MAY 1, 2018

leaving money on the table due to poor inventory performance. Additionally, they invest in technologies that combine inputs from various internal sources into the forecast. These two improvements deliver a forecast with fewer errors and a general improvement in inventory performance.

Gartner 180

Gartner Supply and Demand Forecasting Optimal Sourcing 180

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. Go to the source.

Supply and Demand 357

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 357

ToolsGroup

NOVEMBER 30, 2020

But who has a year to decide how to act? Try our online benefit calculator for a fast, accurate estimate of your supply chain planning opportunity in the areas of revenue, net profit, inventory reduction and inventory holding cost. Other sources: 1. Fortunately, there’s a better way. Guided Supply Chain Assessment.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Agile and Lean Supply Chain 156

Cathy Roberson

SEPTEMBER 7, 2021

Despite supply chain costs increasing and available capacity almost a rarity, retailers are undertaking a variety of ways to make sure they receive their inventory in time for the ever-important holiday season. “We feel good about the composition of our inventory. It's been difficult to plan inventory flow with much precision.

Inventory Reduction 92

Inventory Reduction Inventory Retail Sourcing Strategies 92

Supply Chain Game Changer

SEPTEMBER 15, 2021

Featuring Our 10 Best Inventory Management Articles! Inventory management is a holistic and logical methodology for handling both raw materials and finished products. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain. Subscribe Here!

Inventory Management Software 92

Inventory Management Software Manufacturing Procurement Inventory Management Supply Chain Planning Software 92

SYSPRO Smarter ERP

NOVEMBER 1, 2021

By establishing a B2B e-commerce system, manufacturing companies provide greater flexibility, better inventory management, and decrease the likelihood of human error. Having accurate and real-time visibility into inventory levels will provide additional advantage.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

Unleashed

MARCH 6, 2024

This can reduce lead times , inventory costs, waste, and errors – and improve customer loyalty and retention. It involves the preparation of contingency plans for different situations to help you reduce uncertainty and risk and optimise inventory levels and costs.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

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

EMERGE App

JANUARY 25, 2021

First, there is the sourcing of requisite raw materials from suppliers. This article discusses how to calculate the in-process inventory, the costs associated with it, and exactly why you need to account for it. . What Exactly is Work In Process Inventory (WIP)? Beginning Inventory. Terms Relating To WIP.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

My Office Apps

NOVEMBER 6, 2019

What is Vendor Managed Inventory? How to Make VMI Work. Looking to streamline your supply chain and reduce inventory costs? You might want to look into Vendor-Managed Inventory (VMI). Lean inventory levels – VMI allows your vendors to supply in-demand goods at the right time. Cons of VMI.

Vendor Strategies 41

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 41

Synovos

FEBRUARY 21, 2023

From balancing costs to reliability, sourcing the right PPE to developing maintenance strategies, data on total cost of ownership to evidence of Environmental, Social and Corporate Governance (ESG), their concerns represent both longstanding issues and newer ones. The war in Ukraine has now exacerbated this problem.

Sourcing Strategies 52

Sourcing Strategies Cost Reduction Strategies Inventory Reduction Price Reduction 52

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Your manufacturer is the backbone of your company; it regulates your inventory, which determines how consumers perceive and communicate with you. Who is a Product Sourcing Agent? Why Get a Product Sourcing Agent?

Manufacturing Procurement 53

Manufacturing Procurement Sourcing Strategies Sourcing Negotiating Skills 53

Unleashed

AUGUST 20, 2023

Here we break down what lead time is, the types of lead times in supply chain management , the factors that affect lead time, and how to shorten lead times to provide a better customer experience. It includes everything from the procurement of raw materials to production, inventory management, and shipping. Let’s dive in.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

ToolsGroup

NOVEMBER 7, 2017

Here, Gartner says, "The demand plan is integrated with inventory, production and replenishment plan to provide a foundation to address the end-to-end supply chain planning decision." For example, MEIO enables inventory policy to accurately reflect all the sources of demand and supply variability across the enterprise chain.

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 168

ShipBob

SEPTEMBER 25, 2023

Before you start selling CBD products online , you should know exactly what to expect and how to prepare. Read on to get the full rundown on how to navigate building a CBD income stream in today’s climate. How to start selling CBD oil online Once you’ve dialed in your legal allowances, you’re ready to set up your online store.

How To 98

How To Demand Planning Software Supply Chain Planning Software Analytics Software 98