GlobalTranz

MAY 25, 2018

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity.

Inventory Management Software 125

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 125

Unleashed

OCTOBER 6, 2021

That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that VMI creates efficiencies in the supply chain as it ensures data from sales is a key part of the inventory management system.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

GlobalTranz

MAY 2, 2017

A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. Let’s take a closer look at why such systems have the power to radically change standard inventory management operations. Real-Time Inventory Management Reduces Costs of Maintaining Inventory.

Inventory Management Software 120

Inventory Management Software Inventory Reduction Inventory Management Procurement Analytics 120

Talking Logistics

OCTOBER 15, 2018

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Companies that have too much inventory on-hand right now are struggling to clear out space ahead of the season, slashing prices and concerning stakeholders as profit margins creep downward.

Inventory Management Software 101

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

Intelligent Audit

JULY 27, 2021

Supply and demand are two sides of the same coin, the vital coin of inventory management supply chain analytics. Without adequate inventory and supply to go along with capacity and demand, supply chain management will struggle to keep pace during peak seasons.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction Strategies Sourcing Strategies 52

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 247

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 247

Vinculum

JULY 9, 2022

At the heart of every growing eCommerce business doesn’t lie great sales or a great marketing strategy – how strategic your inventory management is what gears a successful product-based eCommerce business. Inventory Management may spiral out sometimes, but not with the best inventory management systems.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Predictive Analytics Software 52

20Cube Logistics

JANUARY 31, 2021

It is one of the techniques through which warehouses in India and across the globe can speed-up their distributing process by transporting inventory from a manufacturing plant directly to customers, and in this whole operation, the warehouse not only reduces the material handling, but also reduces the need to store the products in the warehouse.

Inventory Management 52

Inventory Management Inventory Reduction Material Savings Inventory 52

Logistics Viewpoints

APRIL 5, 2023

This survey-based research gathers quantitative data as well as information on practices or performance drivers. This report provides a cross-industry perspective on digital transformation in logistics including digital maturity in inventory management, transportation, fleet maintenance, safety and compliance, and more.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Analytics Software Predictive Analytics Software Inventory Management Software 246

Kinaxis

OCTOBER 13, 2014

More and more sensors are getting embedded in the “things” and leading to an explosion of information availability. So when I started to think about planning processes in the context of IoT, I was wondering if we can conquer those two old enemies of planning effectiveness: information deficiency and information latency.

Internet of things 236

Internet of things Supply Chain Planning Software Inventory Reduction Scenario Planning 236

Taulia

SEPTEMBER 9, 2021

Inventory management is an essential process for almost every type of business. Inventory is often the largest current asset and poor or ineffective management of stock can lead to large losses or in some cases, business failure. What is inventory management? A company cannot sell what it does not have.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Material Savings 52

Supply Chain Matters

AUGUST 22, 2022

In this Supply Chain Matters industry specific commentary, we make the observation that retail industry sales and operations planning and demand support teams, given the current state of recent business financial performance, need to up their game in supply network inventory management agility and added responsiveness. .

Inventory Management Software 52

Inventory Management Software Agile and Lean Supply Chain Inventory Management Inventory Reduction 52

Clear Spider

MARCH 31, 2020

Additionally, in our most recent update , we answered the pressing questions regarding whether now would be a good time to implement an inventory management system for businesses and other organizations. The post Inventory Management for Organizations Tackling COVID-19 appeared first on Clear Spider.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Supply Chain Planning Software 52

Veridian Solutions

JANUARY 27, 2020

Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Use ABC Analysis to Categorize Your Inventory. Deploy Automation to Reduce the Burden of Inventory Management. Tackle Surplus Stock.

Inventory Management Software 58

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 58

ModusLink Corporation

SEPTEMBER 28, 2021

It is no secret that transport costs have been rising across all different modalities. Carriers must enforce measures such as peak surcharges, and records are being broken in terms of transport costs throughput. Inflation puts immense pressure on many businesses and forces them to reevaluate their current transport operations.

Cost Reduction Strategies 78

Cost Reduction Strategies Purchasing Skills Price Reduction Resource Reduction 78

GlobalTranz

FEBRUARY 17, 2016

Keep Safety Stock to a minimum to avoid too much Safety Stock: if not managed effectively, this can add to the money invested in Inventory. In order to avoid excess inventory and keep your business lean, you must understand the pace of movement of each product. Try using a Vendor Managed Inventory (VMI).

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

ThroughPut

JUNE 4, 2020

It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization is also considered as the next level of inventory management for warehouse and supply chain managers. Lack of automation.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization is also considered as the next level of inventory management for warehouse and supply chain managers. Lack of automation.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

SEPTEMBER 14, 2022

Making The Case for an AI-Driven Transportation Management Software . A sound Transportation Management Software can make a lot of difference here for logistics businesses. AI-powered Transportation Management Software – Defining the areas of impact .

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Forecasting Software Predictive Analytics Software 52

GlobalTranz

SEPTEMBER 11, 2017

Consider upgrading your existing warehouse management system (WMS) or implementing cloud-based systems. Better Inventory Management Needs Complete Control. Reaching a point of better inventory control demands complete control over all systems. Analytics Integrate Inventory Management Into All Supply Chain Processes.

Supply Chain Optimization 383

Supply Chain Optimization Analytics Software Optimization Software Inventory Reduction 383

Logistics Viewpoints

JANUARY 21, 2021

Machine learning (ML) techniques can be applied to provide more accurate transit information and estimated arrival times (ETAs) by analyzing the historical shipment data in your transportation management systems. The model learns continuously and can adapt to changing conditions in the network.

Predictive Analytics Software 345

Predictive Analytics Software Logistics Network Optimization Software Modeling Inventory Reduction 345

Supply Chain Shaman

DECEMBER 7, 2023

Expand the “FLOW” program for logistics information sharing to forecast transportation flow. I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. Reporting off of transportation data is a delays the signal by weeks and months.)

Supply Chain Design Software 293

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 293

Unleashed

JANUARY 31, 2023

In-transit inventory is a frequently overlooked aspect of inventory management and accounting for product businesses. Let’s break down what it is, how to calculate its value, plus a few tricks for smarter management of in-transit goods. What is in-transit inventory? X 30 = 6.3 per shipment. So, 6.3 + 500 = $506.30.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Supply Chain Planning Software 98

SCMDOJO

APRIL 9, 2024

With the advancement of transportation, like wheels and navigation techniques, transport to distant territories was completed over shorter periods. The Industrial Revolution gave rise to large-scale production and transportation efficiency, which led to the modern logistics landscape that we know today.

Supply Chain Design Software 65

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 65

3rdwave

AUGUST 7, 2019

There are 4 fundamental areas where global transportation is challenged. Three of these challenges are variants on traditional transportation challenges and the last is relatively new but growing in importance. These challenges are: Information Accessibility – visibility, reporting & analysis, communication.

Global Transportation 75

Global Transportation Transportation Management Purchasing Skills Negotiating Skills 75

GlobalTranz

JULY 24, 2017

Rather than looking at it with only two options, shippers need a third solution; they need to take advantage of an LTL transportation management system (TMS), focusing on how leveraging today’s systems, like the Cerasis Rater , can maintain profitability and drive expenses down. Think about the benefits you want from your TMS.

Transportation Management 139

Transportation Management Optimization Software Analytics Software Supply Chain Design Software 139

QAD

MARCH 11, 2024

Additionally, AI algorithms optimize production schedules, inventory management, and supply chain logistics, resulting in faster turnaround times, reduced costs and increased productivity. This reduces overproduction and prevents excess inventory, thereby minimizing food waste.

Food 79

Food Waste Reduction Supply Chain Planning Software Supply Chain Software 79

Logistics Viewpoints

MARCH 27, 2024

The robots can perform various tasks, such as transporting goods, picking orders, sorting items, and replenishing inventory. NLP can also help robots to access and process information from various sources, such as manuals, databases, or websites.

Analytics Software 214

Analytics Software Predictive Analytics Software Optimization Software Supply Chain Network Software 214

GlobalTranz

MAY 10, 2019

Understanding more about the needs and wants of customers can help supply chain leaders make informed decisions, improve inventory management, and increase profitability. The post What Is Demand Sensing and Why Supply Chain Executives Need to Know More appeared first on Transportation Management Company | Cerasis.

Supply and Demand 189

Supply and Demand Supply Chain Execution Forecasting Supply Chain 189

SCMDOJO

APRIL 15, 2024

Smart Home: Amazon Alexa – Virtual assistant technology integrated into Amazon Echo devices for voice-controlled smart home automation and information retrieval. With a wide array of products stored in its fulfillment centers, Amazon can consolidate orders and optimize its inventory management systems.

Logistics Network Optimization Software 82

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 82

SCMDOJO

MARCH 8, 2024

Suppliers monitor stock levels and replenish inventory automatically, based on agreed-upon criteria such as sales data or predefined inventory levels. VMI reduces the burden on businesses by outsourcing inventory management tasks to suppliers, ensuring timely replenishment and minimizing stockouts.

Inventory Reduction 83

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 83

My Office Apps

SEPTEMBER 30, 2018

10 Inventory Management Strategies to Transform Your Business. As balance sheet assets go, inventory is often the largest item. Getting inventory levels right is a challenge. Managers face the challenge of implementing effective inventory management strategies. The Basics: Supply and Demand.

Inventory Reduction 40

Inventory Reduction Expense Reduction Cost Reduction Strategies Waste Reduction 40

Supply Chain Matters

FEBRUARY 23, 2023

Background Global wide transportation and logistics costs increased at unprecedented rates during 2021 and 2022. Our specific prediction was that manufacturers and retailers will exercise considerable pressure on carriers for re-negotiating existing transportation and logistics contracts. All rights reserved.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Price Reduction Cost Reduction Strategies 52

3rdwave

NOVEMBER 29, 2018

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products.

Optimal Sourcing 88

Optimal Sourcing Global Transportation Negotiating Skills Supply Chain Optimization 88

Supply Chain Opz

OCTOBER 27, 2013

Are you a transportation and logistics professional who are looking for inspiring ideas to improve the operations? This article will show you 5 amazing logistics books that provide the information you can really use. Background Previously we published the article named " 10 Greatest Supply Chain Management Books of All Time ".

Six Sigma 100

Six Sigma Logistics Network Optimization Software Transportation Supply Chain Design Software 100

SCMDOJO

JULY 24, 2023

Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company. It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider.

Logistics Network Optimization Software 93

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 93

ThroughPut

APRIL 11, 2024

“More importantly, organizations get a fully transparent picture of projected stock levels and risks, and the necessary revisions they need to make to improve working capital spend and manage those risks – thus ensuring an optimal and smooth flow of inventory at all times, regardless of ongoing challenges and market volatility.”

Modeling 52

Modeling Supply Chain Planning Software Inventory Predictive Analytics Software 52