Logility

AUGUST 31, 2021

Since the onset of the pandemic, online direct-to-consumer channels have become an absolute necessity for the beverage industry, where historical e-commerce penetration has been relatively low. However, inventory optimization for beverage brands can help these organizations overcome such challenges with greater ease and speed.

Modeling 130

Modeling Beverage Inventory Reduction Supply Chain Optimization 130

Unleashed

FEBRUARY 8, 2024

Effective inventory tracking is a critical component of inventory management. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. What is inventory tracking? It helps to reduce inventory shrinkage and loss.

Inventory Management Software 52

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

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 90

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 90

ToolsGroup

AUGUST 1, 2022

Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase. Knowing the importance of managing the return of merchandise, let’s look at the goals and benefits of a customer-centric return policy.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Supply Chain Shaman

SEPTEMBER 13, 2023

Unfortunately, the industry is full of a lot of Anna(s) and her friends, the doubting Thomas (s). In the industry, supply-centric techniques reign with lots of bravado and messaging on control towers, Demand-driven Materials Requirements Planning (DDMRP), and generative AI. Most of the industry is composed of doubting Thomas(s).

Supply and Demand 370

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 370

Supply Chain Shaman

DECEMBER 7, 2023

I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. Of the twenty companies interviewed, only one can answer the question, “Do you have a good inventory plan?” No technology in the market measures inventory health. Today, this is not the case.

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 303

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

SYSPRO Smarter ERP

AUGUST 1, 2022

There are many ways in which BOM helps the manufacturing industry. In product recalls, which have become a widespread inconvenience for the industry, business owners can go back to the operation line and trace what went wrong and at which point. Here’s how BOM can help you manage your inventory. BOM within your ERP.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Material Savings Manufacturing Procurement 111

The Logistics & Supply Chain Management Society

JULY 20, 2020

Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. Relying on our experience in the industry and academic field, it is worth to say that if everything is urgent, nothing is urgent! Industry 4.0. Cyber Physical Systems (CPSs) are key enablers for Industry 4.0.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

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

Adexa

JANUARY 29, 2020

Most companies try to minimize inventory by improving their inventory turns. However, this measure does not reflect the potential impact of inventory on revenue. Too little inventory may cause missed opportunities and too much inventory would lead to excess cost and reducing profits. Learn more about his Here.

Inventory Reduction 80

Inventory Reduction Inventory Cost Reduction Strategies Pharmaceutical 80

Logility

NOVEMBER 30, 2023

From Generative AI innovations like Chat GPT to industry events, analysts, and mass media stories, every business leader is being tested – from their vision and trust in the technology to internal preparations and integration of artificial intelligence into supply chain operations.

Supply Chain Planning Software 177

Supply Chain Planning Software Modeling Supply Chain Software Scenario Planning 177

Logility

AUGUST 16, 2017

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?

Optimization Software 57

Optimization Software Inventory Reduction Supply Chain Optimization Price Mitigation Strategies 57

Supply Chain Matters

JANUARY 6, 2023

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares select individual prediction snapshots that are included in our Annual 2023 Predictions for Industry and Global Supply Chains Research Advisory publishing later this month. Let’s begin with the sharing of excerpts from our first prediction.

Predictive Analytics Software 98

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 98

Enterra Insights

OCTOBER 13, 2023

The benefits of this model include cost reductions in storage and inventory. But, Paul Noble , founder and CEO of Verusen, explains, “It’s really what everyone did,” adding, “supply chain managers understood that that they were tying up their company’s working capital and warehousing space to keep excess inventory.

Modeling 130

Modeling Modeling Software Supply Chain Design Software Optimization Modeling 130

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Inventory Management Software 98

Inventory Management Software Inventory Management Procurement Solutions Forecasting Software 98

Supply Chain Shaman

OCTOBER 11, 2012

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory? I want to believe.

Inventory Reduction 245

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 245

Unleashed

OCTOBER 31, 2023

Greater compliance lifts your reputation within your industry, and amongst your customers, and it improves your standing with compliance monitors. Manufacturers can leverage this to attract, hire, and keep the best people in their industry while establishing a reputation as a preferred place to work.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

JUNE 29, 2022

The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. We can no longer assume that government policy is rational, variability is low or logistics are available. All value chains are dependent in some shape or form on the chemical industry.

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

Logility

AUGUST 28, 2018

Planned obsolescence , or built-in obsolescence, is a policy of planning or designing a product with an artificially limited useful life, so it will become obsolete after a certain period of time. Below are four of the main supply chain threats faced by the Durable Goods Industry and how to combat them to stay competitive. .

Supply Chain Planning Software 100

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Design Software 100

Supply Chain Shaman

SEPTEMBER 20, 2015

How will the policy be executed? Today, there is not a well-defined template on how to build and operate a supply chain defined by customer policy and segmentation strategy. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Logility

AUGUST 28, 2018

Planned obsolescence , or built-in obsolescence, is a policy of planning or designing a product with an artificially limited useful life, so it will become obsolete after a certain period of time. Below are four of the main supply chain threats faced by the Durable Goods Industry and how to combat them to stay competitive.

Supply Chain Planning Software 100

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Design Software 100

Talking Logistics

OCTOBER 15, 2018

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.

Inventory Management Software 101

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 101

EazyStock

FEBRUARY 17, 2021

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 75

EazyStock

JUNE 22, 2020

It’s no secret that the medical industry is facing major challenges worldwide due to Coronavirus. It’s an overwhelming time for manufacturers and distributors in the medical supplies industry, and no area of the supply chain will be restored to normal anytime soon. Accurate Inventory Overview. Money and resources are tight.

Industrial 52

Industrial Industry Supply Chain Planning Software Supply and Demand 52

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. Data governance policies need to be established to maintain data integrity, accuracy, and security.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

Pushing the Supply Chain Reset Button by Lora Cecere , Founder, Supply Chain Insights Supply Chain Leaders Can’t Afford to Guess About the Future The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. These core assumptions are no longer true.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

Adexa

FEBRUARY 11, 2020

Increasing Inventory Turns. using predictive Machine Learning techniques, one can predict the level of inventory needed depending on many factors, not just time of the year or region. Inventory, in almost every industry, is a necessary evil. Most companies try to minimize inventory by improving their inventory turns.

Pharmaceutical 71

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Scenario Planning 71

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits.

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

Unleashed

MARCH 8, 2023

Choosing the best inventory management software isn’t easy. You’ve got to consider your industry, costs, features, customer support, and numerous other nuanced factors only you can know about. In this guide to finding the best inventory management software: What’s the best inventory management software for you?

Inventory Management Software 52

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

Supply Chain Matters

JULY 19, 2023

Generally muted global product demand levels and inventory overhang have not helped to spur growth of the country’s manufacturing sector. Industry Supply Chain Implications As our Supply Chain Matters commentaries have highlighted over the past three years, increased trade and other geo-political tensions among the U.S.

China 52

China Manufacturing Procurement Supply Chain Strategy Cost Reduction Strategies 52

Unleashed

FEBRUARY 15, 2021

From the continuing impact of the global pandemic to the ever-increasing importance of ‘transparency technology’ and sustainable practices, the food industry has its work cut out for it in 2021. So if you have a thirst for knowledge, here’s all you need to know about food industry trends for 2021. Consumer trends in food industry.

Food 93

Food Trends Industrial Industry 93

EazyStock

JANUARY 21, 2021

EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment. In this post we’re going to review Dynamics Business Central’s inventory management capabilities and discuss what additional features and benefits EazyStock can offer. Manage non-stocked items.

Inventory Management Software 52

Inventory Management Software Inventory Management Forecasting Software Optimization Software 52

Logistics Viewpoints

JANUARY 11, 2023

Well, how often do you hear industry analysts say they underestimated a market’s growth rate? It is common for pundits to look ahead and predict how an industry or profession will change. Inventory Management in a High Inflation Environment ; Clint Reiser. Looking back, I estimated the market in 2013 at $6.4 billion in 2019.

Logistics Network Optimization Software 216

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 216

Vanguard Software

MARCH 12, 2021

Inventory replenishment involves purchasing and moving inventory, both finished goods and raw materials, from reserve storage to primary storage and eventually to the selling location. The Importance of Inventory Replenishment. Factors to Consider. Download Case Study. ABC Classification.

Modeling 52

Modeling Inventory Reduction Optimization Software Supply Chain Optimization 52

Unleashed

FEBRUARY 21, 2024

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. A good returns policy is crucial for ensuring a smooth customer experience. Let’s break this down into simple steps.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

SCMDOJO

JANUARY 31, 2024

Supply chain management is a rapidly growing industry. Ranging from the lowest amount of $31,000 for a newcomer in the industry to the highest-paying job of $91,568. . In this article, we will explore the wide range of salaries in supply chain management, from entry-level positions to executive roles for each region. per hour. .

Supply Chain Design Software 71

Supply Chain Design Software Purchasing Skills Buyer Training Supply Chain Design 71