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 Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Elementum

FEBRUARY 7, 2024

This integration allows for the automation of straightforward tasks, freeing up resources for more complex processes that require AI’s predictive capabilities and decision-making. Predictive analytics forecast potential disruptions, allowing for proactive measures to minimize delays and enhance customer satisfaction.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Unleashed

FEBRUARY 29, 2024

Retail software, also called retail management software, refers to digital systems used by retail organisations to manage various business activities, including stock control, payment processing, customer management, and bookkeeping.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Analytics Software Supply Chain Planning Software 52

Logility

JUNE 15, 2021

Food and beverage companies can use demand sensing to predict sudden market trends and prepare for actual supply needs. For example, an F&B business that supplies perishable goods knows that these goods have a limited shelf life and therefore must accurately project how much to purchase at once.

Supply and Demand 149

Supply and Demand Beverage Supply Chain Planning Software Demand Planning Software 149

ThroughPut

DECEMBER 5, 2023

Demand forecasting is the process of predicting future demand for a product or service, which helps businesses plan and allocate resources effectively. Accurate demand forecasting enables businesses to optimize their production, inventory management, and pricing strategies, resulting in maximized profits and customer satisfaction.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

SYSPRO Smarter ERP

JULY 3, 2023

It is estimated by McKinsey that 40% of the potential value that could be created from analytics comes using ML techniques, However, many business leaders are unsure where to apply ML to reap the greatest rewards. This can help optimize inventory management, identify bottlenecks, and optimize logistics operations.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Manufacturing Data 98

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Organisations that have successfully implemented RPA initiatives report cost savings of up to 80% and time savings of up to a staggering 40%. This article explores 10 possible areas in which can help at each stage of the flow in Supply Chain Management. Procurement. Purchase Order Management.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Enterra Insights

DECEMBER 19, 2023

This advanced technology, which mimics human thought processes, is poised to revolutionize the way retailers interact with their customers, predict trends, and make strategic decisions.”[2] As the ISP.PAGE staff notes, “Traditionally, retailers have relied on historical data and basic analytics to understand their customers.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Optimization Software 130

ShipBob

JANUARY 15, 2024

Inventory glut affects businesses both large and small. In fact, according to a report , two-thirds of retailers had excess inventory during the 2023 holiday season last year. Overproduction One of the primary reasons for inventory glut is when companies manufacture or purchase more goods than the market demands.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Logility

OCTOBER 29, 2021

To optimize throughput and capacity utilization, process manufacturers must effectively manage inventory, apply predictive analytics, and gain supply chain transparency through digital transformation. Holistic inventory management across your multi-echelon network to maximize service while optimizing cost.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

SYSPRO Smarter ERP

NOVEMBER 1, 2021

We live in a time where we can purchase almost anything with a click of a button. The ease in which they provide in managing services or products is leading those in the B2B space to consider the missed opportunity. 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

Material Handling & Logistics

JANUARY 10, 2018

While predicting the future is never an easy task, in order to be competitive all businesses need to be able to accurately anticipate what trends will affect them in the coming year. According to a recent study by Pew Research study, 80% of consumers make online purchases, compared to just 22% in 2000.

Predictive Analytics Software 96

Predictive Analytics Software Supply Chain Design Software Predictive Analytics Supply Chain Software 96

Logility

MAY 25, 2023

Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. Poor inventory management can lead to stockouts, overstocks, or worse, lost customers. A recent study revealed that overstocks cost retailers a staggering global loss of $362.1 billion each year.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

ThroughPut

MARCH 28, 2024

Food Production AI tools can drive advanced predictive analytics with precision forecasting for weather and crop yield predictions. Artificial Intelligence in supply chain helps track products from harvest to distribution channels and manage inventories with greater accuracy. All for the good.

Case Study 52

Case Study Optimal Sourcing Supply Chain Planning Software Food 52

ToolsGroup

SEPTEMBER 13, 2016

Today’s blog analyzes how to compete in this multichannel environment that requires serving the customer in ways that remove the barriers that make consumers think twice about making the purchase. And Gartner reports that more than half of supply chain executives say they are increasing their investment in analytics and smarter algorithms.

Supply Chain Software 120

Supply Chain Software Optimal Sourcing Supply Chain Planning Software Modeling 120

EazyStock

OCTOBER 10, 2018

Processing a large volume of information the main benefit of big data analytics. High data volumes present the biggest challenge to conventional IT structures since on-premise solutions typically do not have the capacity to manage large datasets. Variety – The different forms of data sources.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

Precoro

APRIL 18, 2023

On the other hand, a software development company wouldn’t need to purchase raw materials but rather goods – such as hardware – and services, like software subscriptions. In order to plan inventory and estimate cash flow, companies should know when to expect shipments to arrive, when to pre-order the next one, and how to budget the payments.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

NC State SCRC

JANUARY 1, 2023

As I’ve done in prior years, I’ll make a few predictions based on what happened in 2022 – and what I think it means for 2023. These predictions are perhaps not completely original – but they represent what I think will be important guidelines for supply chain executives to consider.

Predictive Analytics Software 94

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Pharmaceutical 94

ThroughPut

MARCH 25, 2024

Demand forecasting is the process of predicting future customer demand for a product or service. This practice has evolved significantly from its historical roots, largely a game of educated guesses, to today’s data-driven approach that harnesses the power of advanced analytics. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Locus Robotics

MARCH 9, 2023

Artificial intelligence and machine learning AI and ML offer manufacturers powerful predictive analytics that transform manufacturing supply chain management by improving forecasting accuracy and speed, supporting better decision-making, and reducing operational costs.

Supply Chain Software 52

Supply Chain Software Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 52

Unleashed

MAY 15, 2023

From targeted email campaigns to inventory management integrations, we’ll outline how you can develop strong B2B CRM strategies to improve business performance and achieve predictable growth. Looking for a complete CRM + inventory management solution? Consultant Manager, ProspectSoft. What is a B2B CRM?

Inventory Reduction 105

Inventory Reduction Sourcing Strategies Waste Reduction Manufacturing Procurement 105

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc.

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 71

ThroughPut

OCTOBER 7, 2022

After all, most of these business functions were created for a very different era where any change was predicted earlier and absorbed easily. Understanding and predicting demand in unpredictable times. Most manufacturers prefer to leverage analytics data over traditional forecasting and time series techniques.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

Supply Chain Matters

MARCH 5, 2022

The Supply Chain Matters blog features our March 5, 2022 edition of This Week in Supply Chain Management Tech , a synopsis of noteworthy supply chain management focused technology news which we believe would be of specific interest to our global-based blog readership. JAGGAER Finalizes Added Strategic Partnership.

Supply Chain Planning Software 52

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

ShipBob

NOVEMBER 29, 2023

And two days ago a few units were reported stolen. 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.

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Enterra Insights

JUNE 1, 2021

Tamizhkumaran explains, “Cognitive analytics solutions entail self-learning systems and algorithms that mimic the human brain’s thought process in order to analyze large amounts of data quickly and accurately.” However, some retail operations lack specificity in their product data management.

Supply Chain Design Software 130

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

Talking Logistics

DECEMBER 16, 2015

Well, my big audacious prediction for 2015 did not come true. And business relationships did not become more Vested this year — if anything, they reverted back to being “win-lose” arrangements (see Walmart’s Message to Suppliers: Talk to the Hand and The High Cost of Poor Supplier Relationships ). What will happen in 2016?

Predictive Analytics Software 120

Predictive Analytics Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 120

OptiProERP

MARCH 16, 2022

Not having control over inventory can be a significant problem that can cause a company to close its doors or struggle with debt. When you don’t have good inventory management it hurts your business’s cash flow and profit margins. As you grow, you need inventory insight to better manage your supplier network.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Optimal Sourcing Manufacturing Procurement 52

Supply Chain Matters

JANUARY 11, 2023

The software was rearchitected to serve cross-functional users part of solution suites or as an adjunct to other planning, materials sourcing, inventory management or analysis of overall supply chain optimization processes. . Added Importance.

Network Design Software 52

Network Design Software Logility Procurement Solutions Supply Chain Design Software 52

Unleashed

AUGUST 16, 2023

Goods available to be purchased on backorder can mean the difference between a lost sale and a satisfied customer. If you’re new to order fulfilment and inventory management , you’ll need a firm understanding of the backorder process. The inability to purchase out-of-stock goods will usually send a customer elsewhere.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

EC Sourcing Group

OCTOBER 26, 2021

However, the use of information technology in supply chain management has streamlined the world of procurement and purchasing through supply chain management, cloud software, and other types of IT that help boost supply chain efficiency. Cost reduction. Inventory management. Increase in productivity.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 52

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Unleashed

FEBRUARY 1, 2023

Demand planning is the process of predicting what customer demand will be for a certain product. This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. What is demand planning?

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52