This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Service level plays a pivotal role in the aftermarket industry, directly impacting customer satisfaction and loyalty.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
These events impacted everything from facility operations and transportation routes to energy costs and inventory management. The logistics, supply chain, freight transportation, warehousing, and inventory management sectors often operate on razor-thin margins. tallying a staggering $182 billion in damages.
Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation.
Even global manufacturers –– companies across industrial, automotive, chemical, and energy industries –– are scrambling to mitigate the impacts of labor, material and energy shortages, delays, inflation, and unexpected events. It’s not just small and medium-size businesses that are caught off guard.
If you’re managing inventory with spreadsheets , you’re not alone—but you might be falling behind. In this dynamic environment, inventory management powered by spreadsheets is no longer a viable strategy. Why Spreadsheets Are Failing Inventory Management Excel feels familiar. But familiarity doesn’t equal effectiveness.
tariffs on imports from Canada, Mexico, and China is impacting global trade networks, affecting industries ranging from automotive and electronics to agriculture and energy. are expected to rise by $3,000 to $12,000 per car, forcing manufacturers to either pass costs to consumers or cut production. Today’s escalation of U.S.
They emphasized being an Industry Cloud Complete Company with industry-specific solutions for over 2000 micro verticals across Process Manufacturing, Distribution, Service Industries, and Discrete Manufacturing. They are focusing on how Infor creates value through insights, automation, and process.
The manufacturing sector is facing unprecedented volatility in global trade, with tariffs becoming the latest in a series of uncertainty drivers that are impacting virtually all industries. Supply chains need to be more agile than ever, yet much of the advice circulating in the industry remains high-level or less than ideal.
NEW YORK & OTTAWA, ON March 24, 2025 Infor, the industry cloud complete company, and Kinaxis Inc. TSX: KXS) an end-to-end supply chain orchestration, today announced a new partnership that will deliver improved alignment of supply chain plans with business objectives and strategies for midmarket discrete manufacturing companies.
Surviving the ride: How leading industries are turning tariff challenges into opportunities fbaker Thu, 05/29/2025 - 08:01 Navigating today’s unpredictable trade landscape can feel a bit like a white-knuckle ride, with companies constantly bracing for the next twist. Key takeaway Top challenge: Cost increases on raw materials (e.g.,
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? So, in my journey to industry challenge to shift from inside-out to outside-in planning processes, I built the model shared in Figure 1. You are right.
Its ability to translate probability distributions into real-time inventory and replenishment actions sets it apart from other vendors. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors and manufacturers to navigate through supply chain uncertainty.
Four key reasons why suppliers are critical for managing direct spend Innovation and Product Development: Suppliers often have deep knowledge about the materials, processes, and industry trends that can drive innovation. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing.
Transportation, warehousing, and manufacturing collectively contribute significantly to carbon emissions, making these areas critical for meaningful change. Technologies such as artificial intelligence, IoT, and predictive analytics enable smarter inventory management, real-time tracking, and predictive maintenance, reducing waste and costs.
BOSTON February 3, 2025 ToolsGroup , a global leader in supply chain planning and retail optimization software, today announced it has been positioned as a Leader in the IDC MarketScape: Worldwide Supply Chain Planning for Spare Parts/MRO Industries 2024 Vendor Assessment (Doc ID #US51541424, December 2024).
Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. acquired by SAP).
Introduction Inventory management is the backbone of a successful supply chain operation, but it’s often a source of persistent frustration. Mobile inventory management offers a transformative solution, providing the real-time data and streamlined workflows needed to optimize operations and gain a competitive edge.
Excess inventory weighs down supply chains. Manufacturers are shifting to on-demand production to align output with real-time demand. The Hidden Costs of Traditional Inventory Models Traditional inventory models were built for predictability. It ties up capital, wastes storage space, and risks product obsolescence.
They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Excess inventory, stockouts, and increased transportation expenses are common consequences of outdated planning methods. Amazon is a leader in AI-driven supply chain management.
In most industries, supply chains have become increasingly complex. Delays, excess inventory, missed handoffs, and reactive decision-making are all signs of a supply chain that lacks coordination. The factory uses this information to make scheduling and inventory decisions more efficiently.
Running a manufacturing business isn’t easy. You’re juggling production schedules, managing inventory, keeping an eye on finances, and making sure everything runs smoothly on the shop floor. That’s where a manufacturing ERP comes in. It’s a lot to handle. Let’s get started.
Molex is a global electronics manufacturer that makes and sells over 100,000 distinct products – connectors, cable assemblies, and a wide variety of other products. They sell to the automotive, data communications, medical, industrial, consumer electronics, and other industries. You took 30 days.
I find many “experts” in the industry. I helped a manufacturer of men’s underwear grow its market share by testing price points and assortment on Amazon before the launch in brick-and-mortar stores. Traits for seed inventories are determined one to years in advance based on crop testing and weather patterns.)
Advanced supply chain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables. The result?
With Detroit’s legacy as the Motor City, the region is home to countless manufacturers, suppliers, and distributors deeply embedded in the global automotive supply chain. For auto parts, many of which are time-sensitive and tied to just-in-time manufacturing schedules, any lag in the supply chain can result in stalled production.
This policy shift is being positioned as a voluntary industry transition rather than an outright regulatory ban. The resulting increase in demand may place pressure on agricultural producers and extract manufacturers to scale operations. Companies may need to revise inventory strategies and adjust procurement lead times accordingly.
The industry is plunging into a period of scarcity. This is amplified across the supply chain into an exponential impact on inventory and planned orders for manufacturing. When we measure the bullwhip impact (in my class on outside-in process thinking), the bullwhip between manufacturing and procurement is 2-3X.
Despite the evolution of technology, none of the 28 industry segments I follow can drive improvement at the intersection of operating margin and inventory turns. The industry is full of experts. I think that the answer has five parts: The Belief that the Industry Has Best Practices. Unlearning is Tougher. Guess what?
These systems are no longer in the prototype phase; they are in active deployment across multiple industry sectors. Warehouse Robotics: Systematic Redesign of Core Functions Warehouse operations have historically relied on manual labor for tasks such as picking, sorting, inventory management, and material handling.
Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables.
With ToolsGroups Demand Forecasting & Planning and Inventory Optimization solutions, Suministros & Alimentos maximizes inventory performance and drives profits through AI-driven replenishment. Book a consultative session here [link]. Future-Focused. Value-Driven.
Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?
Real-World Industry Applications These technologies are already delivering measurable value in various industries: E-commerce Fulfillment AMRs assist in goods-to-person picking, reducing walking time and improving picking rates. AGVs move bulk-picked goods to shipping areas or replenish high-turnover inventory zones.
These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management. Factors like planning tools, inventory management, demand patterns, and innovations in technology contribute to the success or failure of fulfillment optimization.
Every major industry now faces a unique supply chain challenge. Automotive: Can JIT manufacturing survive legal disruptions to tariff policy? Automakers must model dual-path sourcing strategies and reintroduce buffer inventory—not just for parts, but for regulatory flexibility.
trillion distortion inventory problem. Karl is the CEO and Co-founder of Pull Logic , an AI-enabled tech company focused on reducing lost sales for retailers, brands, and manufacturers due failure points in the supply chain and selling processes. Karl Swensen and Joe Lynch discuss solving the $1.8 Summary: Solving the $1.8
By maximizing space utilization, improving inventory control , and boosting workflow efficiency, you can unlock significant cost savings and elevate your customer service game. Essential technology solutions, including Warehouse Management Systems (WMS), Inventory Management Systems (IMS), and the transformative power of IoT and automation.
Manufacturers have started implementing features of the Fourth Industrial Revolution (4IR) to be more flexible and responsive and make more intelligent, data-driven decisions. Manufacturing can not only use IoT for manufacturing, but also to give inventory management greater flexibility and improve decision-making.
The industry has had little value from digital transformation and business networks. Yawn and walk on if the answer is i mproving demand error or reducing inventory levels. At the session, we will discuss the choice of metrics for a balanced scorecard to improve market capitalization/employee by industry.
Sellercloud serves small to mid-sized retailers, wholesalers, and manufacturers with inventory and order management systems (IMS/OMS) that help manage and synchronize inventory across multiple sales channels, while also facilitating order fulfillment. They will probably come now in January and February.
Scaling manufacturing operations is crucial for business growth but presents unique challenges. Balancing increased demand with consistent quality and controlled costs is difficult but essential for manufacturers looking to expand. Successfully scaling manufacturing requires more than just adding resources.
(Infographic) Shipping containers have left a mark on the supply chain industry and beyond. Learn more about how shipping containers revolutionized the supply chain industry in this blog. The shipping industry significantly contributes to air and water pollution, habitat destruction, and greenhouse gas emissions.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content