ToolsGroup

JUNE 2, 2023

Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. And that’s where real-time perpetual inventory signals come in. Plus, accurate inventory information is the key to optimal decision-making.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Logistics Viewpoints

OCTOBER 17, 2024

Access to Unique Process and Asset Capabilities: Some suppliers offer unique skills, technologies, or processes that are not available in-house or through other sources. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. Nari Viswanathan is Sr.

Manufacturing Procurement 292

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 292

RFgen

DECEMBER 26, 2024

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.

Inventory Reduction 98

Inventory Reduction Optimal Sourcing Inventory Management Software Inventory 98

Logistics Viewpoints

NOVEMBER 4, 2024

We are no longer just forecasting demand but also when trucks and factory machinery are likely to break down ( predictive maintenance ), the optimal amount of inventory to hold and where it should be held ( inventory optimization) , and labor forecasting in the warehouse.

Supply Chain Planning Software 307

Supply Chain Planning Software Modeling Optimal Sourcing Supply Chain Design Software 307

Logistics Viewpoints

MARCH 19, 2025

Just-in-time (JIT) inventory models, lean supplier networks, and offshore manufacturing reduced expenses but left companies exposed to disruptions. The COVID-19 pandemic and ongoing geopolitical shifts demonstrated the risks of relying on single-source suppliers and minimal inventory buffers. Resilience is now taking precedence.

Supply Chain Software 254

Supply Chain Software Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 254

Logistics Viewpoints

NOVEMBER 26, 2024

Alerts and notifications from email, social channels, home devices, shopping apps and other platforms compete for our attention, creating an overwhelming stream of information. The real-time nature of this information makes this process more difficult, creating a backlog of data that appears insurmountable.

Resource Reduction 291

Resource Reduction Inventory Reduction Sourcing Strategies Supply Chain Planning Software 291

Logistics Viewpoints

APRIL 14, 2025

From sourcing and bid evaluation to warehouse slotting and dynamic routing, AI tools support faster and more consistent outcomes by processing large volumes of operational data and identifying patterns that human decision-makers may overlook. Human review is still necessary.

Optimal Sourcing 234

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 234

Logistics Viewpoints

OCTOBER 15, 2024

Technology Integration : Use of technology in logistics, inventory management, and supply chain tracking has helped improve efficiency and transparency. Another e-initiative provides farmers access to information related to the dairy sector (markets/technologies etc.) through net-enabled kiosks in the villages.

Optimal Sourcing 284

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 284

Logistics Viewpoints

APRIL 10, 2025

Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Leading organizations are building supply chains that are less exposed to single points of failure, more informed by real-time data, and more able to adjust sourcing, inventory, and routing based on current conditions.

Optimal Sourcing 216

Optimal Sourcing Modeling Supply Chain Optimization Cost Reduction Strategies 216

Logistics Viewpoints

NOVEMBER 20, 2024

Ethical sourcing is a fundamental aspect of social sustainability. Technologies such as artificial intelligence, IoT, and predictive analytics enable smarter inventory management, real-time tracking, and predictive maintenance, reducing waste and costs. Efficiency is a vital component of economic sustainability.

Waste Reduction 298

Waste Reduction Sustainability Supply Chain Design Software Resource Reduction 298

ShipBob

JUNE 20, 2025

Table of Contents ** Minutes What is product sourcing? Where can I source products from? This makes it essential that buyers understand where they are sourcing their products from and how that ultimately affects their brand. What is product sourcing? Where can I source products from?

Purchasing Skills 64

Purchasing Skills Optimal Sourcing Sourcing Strategies Manufacturing Procurement 64

Logistics Viewpoints

FEBRUARY 4, 2025

Source: mainebiz.biz In today’s rapidly evolving logistics and supply chain sector, warehouses are increasingly turning to innovative technologies to gain a competitive edge. Robotic arms handle repetitive and intricate tasks such as picking and placing items, whereas drones are employed for inventory management and surveillance.

Waste Reduction 249

Waste Reduction Supply Chain Design Software Resource Reduction Cost Reduction Strategies 249

Logistics Viewpoints

MARCH 27, 2025

Enabling an immediate and synchronized response Ideally, supply chain and logistics teams would respond to every disruptive event immediately making the best, most informed decision and then orchestrating it across thousands of miles of supply chain. Generally, next-gen innovations fall into a few main categories, discussed below.

Supply Chain Planning Software 330

Supply Chain Planning Software Supply Chain Network Software Logistics Network Optimization Software Predictive Analytics Software 330

Logility

OCTOBER 24, 2024

Instead of relying on slow-moving processes and outdated information, AI provides real-time insights to stakeholders across all departments. This eliminates the need for lengthy back-and-forth communications and manual data entry by delivering a single source of truth. It also breaks down information and communication silos.

S&OP 224

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 224

Supply Chain Shaman

JANUARY 25, 2024

My definition of a network is the bi-directional information exchange of manufacturing, procurement, quality, and transportation signals across multiple tiers of trading partners in a many-to-many trading partner information exchange with minimal latency. Today, this network operates with less capacity and ballooning inventories.

Supply Chain Network Software 359

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 359

Logistics Viewpoints

AUGUST 9, 2022

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

Inventory Management Software 261

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 261

Arena Solutions

FEBRUARY 4, 2025

To mitigate risks, many companies are incorporating alternate parts into their sourcing strategy. Here, we highlight some of the obstacles with alternate parts sourcing and discuss key considerations to help streamline the process. 5 ESSENTIALS FOR SOURCING ALTERNATE COMPONENTS 1. Ensure parts originate from a trusted source.

Purchasing Skills 62

Purchasing Skills Manufacturing Procurement Sourcing Strategies Sourcing 62

Logistics Viewpoints

APRIL 2, 2025

Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.

Modeling 163

Modeling Modeling Software Supply Chain Planning Software Supply Chain Design Software 163

SYSPRO Smarter ERP

JUNE 16, 2025

Manufacturing can not only use IoT for manufacturing, but also to give inventory management greater flexibility and improve decision-making. How IoT works with inventory With inventory management being a key factor in profitability and cost containment, active inventory management is essential.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Management Inventory Reduction 52

Supply Chain Shaman

JULY 31, 2024

What is the role of make, source, and deliver? In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower.

Supply Chain Planning Software 413

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 413

Enterra Insights

DECEMBER 17, 2024

They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. IoT devices track inventory in real time, providing valuable insights into stock movement, reducing waste, and ensuring products are available when needed.”

Optimal Sourcing 130

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 130

ivalua

JUNE 12, 2025

This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. When done right, spend analysis enables cost savings, supplier optimization, risk reduction, and more strategic sourcing decisions.

Cost Reduction Strategies 130

Cost Reduction Strategies Material Savings Expense Reduction Negotiating Skills 130

Supply Chain Shaman

JUNE 10, 2025

Supply chain was defined in 1982 as interoperability between source, make and deliver. It includes hedging strategies, alternate bill of materials, supplier sourcing strategies, changing routs to market, redesigning push/pull decoupling points, demand shaping policies, and use of outsourced manufacturing and distribution.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Waste Reduction 221

RFgen

NOVEMBER 27, 2024

It’s the key to transforming your supply chain from a source of frustration into a well-oiled, profit-generating machine. By harnessing the power of data science and analytics, you can gain end-to-end visibility across your entire network, breaking down information silos and optimizing every stage of your operations.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 98

Logistics Viewpoints

JULY 23, 2024

Without sufficient data, AI models can’t uncover meaningful patterns, make accurate predictions, or provide valuable insights for informed decision-making in complex and dynamic environments. Identify key touchpoints and decision points where data-driven insights can drive improvements and inform decision-making.

Optimal Sourcing 307

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 307

SYSPRO Smarter ERP

NOVEMBER 18, 2024

The data can be used to identify inefficiencies in the supply chain, improve inventory management, and streamline operations. Supply chain management The international sourcing of automotive components is now a common practice but it can still present challenges. An ERP provides a central repository for all a distributor’s data.

Automotive 98

Automotive Optimal Sourcing Purchasing Skills Manufacturing Procurement 98

Enchange Supply Chain Consultancy

JUNE 10, 2025

Do Embrace Technology and Data : Use real-time data for demand forecasting, inventory management, and route optimization. Do Set Clear KPIs and Governance Structures : Establish transparent metrics for sales, coverage, and service levels. Regular reviews and joint business planning foster accountability and trust.

Waste Reduction 165

Waste Reduction Vendor Strategies Inventory Reduction Cost Reduction Strategies 165

Silvon Software

APRIL 16, 2025

Inventory is the lifeblood of any manufacturing business. By leveraging analytics and key performance indicators (KPIs), manufacturers can optimize inventory, reduce waste, and boost profitability. Tracking inventory flow and performance across your supply chain is a must. Thats where data-driven decision-making comes in!

Optimal Sourcing 65

Optimal Sourcing Inventory Reduction Supply Chain Optimization Price Mitigation Strategies 65

GlobalTranz

APRIL 15, 2025

This may include efforts such as sourcing new vendors and route optimization, while long-term strategies should focus on building supply chain resilience against future tariff fluctuations. Stay Informed On Changes in Import Tariffs Tip: Tariffs are dynamic and can change suddenly due to political or economic shifts.

Material Savings 156

Material Savings Negotiating Skills Optimal Sourcing Sourcing Strategies 156

Logistics Viewpoints

AUGUST 5, 2021

We must plan, source, make, and deliver differently for supply chain sustainability. These examples address the source, make, and deliver areas of supply chain. Similarly, increasing the efficiency of planning and reducing waste will lay a firm foundation for greener sourcing, manufacturing and delivery. Buffering creates waste.

Supply Chain Planning Software 322

Supply Chain Planning Software Sustainability Material Savings Supply Chain Planning 322

Logistics Viewpoints

AUGUST 15, 2022

The survey’s results suggest a series of misalignments where gaps in process, technology and information flow can be a drag on productivity and optimization. Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point.

Supply Chain Network Software 309

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 309

AIMMS

MARCH 30, 2020

There is a strategic incentive in understanding the optimal sourcing location for specific customers, and the optimal sourcing location for different resources. Study 3: Identify Optimal Sourcing Locations . Study multiple resource utilization what-if scenarios and accommodate your production and inventory plan accordingly.

Supply Chain Disruption 348

Supply Chain Disruption Supply Chain Design Software Scenario Planning Supply Chain Planning Software 348

Freightos

JUNE 10, 2025

Home Container rates surging as shippers rush ahead of deadlines – June 10, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights.

Negotiating Skills 177

Negotiating Skills Asia China Price Reduction 177

Supply Chain Game Changer

JUNE 19, 2025

It may include everything from open-source libraries to third-party APIs, cloud services, and even the hardware that runs the software. It’s not just about personal information. It could be intellectual property, business strategies, or financial information. These could be third-party libraries, open-source code, or APIs.

Supply Chain Design Software 91

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 91

My Office Apps

OCTOBER 21, 2024

What is Vendor Relationship Management (VRM) and Why It’s Essential for Your ERP and Inventory Software? Strong vendor relationships are critical for business success, especially when it comes to managing inventory and procurement. Monitor Supplier Performance Tracking supplier performance is key to making informed decisions.

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

ivalua

MAY 29, 2025

At a high level, procurement focuses on sourcing the goods and services an organization needs, while supply chain management oversees the broader flow of those goods, from raw materials to end customers. Supply Chain Management (SCM) involves orchestrating a product’s or service’s entire lifecycle, from sourcing and production to delivery.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software 130

RFgen

DECEMBER 4, 2024

In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times. An efficient procurement process optimizes vendor selection and purchasing decisions to maintain cost-effective inventory levels. For instance, a low inventory turnover rate might signal overstocking, tying up capital unnecessarily.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96