Restoring Control Over Strategic Sourcing and Inventory Management
Supply Chain Brain
JULY 26, 2023
To be able to respond quickly to future supply chain disruptions, companies need to embrace strategic sourcing and inventory management.
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Supply Chain Brain
JULY 26, 2023
To be able to respond quickly to future supply chain disruptions, companies need to embrace strategic sourcing and inventory management.
Supply Chain Shaman
JUNE 12, 2020
In Table 1, I share research collected for the Supply Chains to Admire analysis on the average days of inventory by industry across the period of 2004 to 2019 by increments to match economic shifts. The source of this data is a syndicated data provider of public reporting termed “Y-Charts.”).
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Kinaxis
MARCH 19, 2019
by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced.
SYSPRO Smarter ERP
DECEMBER 13, 2021
Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.
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Managing disruption of any kind has become the #1 priority in supply chain operations. But, as leaders know, adapting to change is rarely a simple task and requires a fresh look at existing processes in planning and sourcing, inventory management, warehousing & distribution, and more.
Unleashed
JANUARY 14, 2024
Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing.
ModusLink Corporation
SEPTEMBER 7, 2023
Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices.
ModusLink Corporation
SEPTEMBER 7, 2023
Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.
ModusLink Corporation
SEPTEMBER 7, 2023
Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.
Unleashed
OCTOBER 16, 2023
Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?
Logistics Bureau
DECEMBER 4, 2023
Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? Why not start with a free online call with one of our IM specialists?
Demand Driven Technologies
JULY 18, 2022
The decision to build a supply chain management system that responds flexibly to demand and market trends has always been both reasonable and far-sighted. Automated inventory management solutions like Intuiflow have become a must-have for manufacturers in an era of resource saving and focus on global.
ModusLink Corporation
FEBRUARY 9, 2022
Inventory Management has always played a key part in any successful Supply Chain. Correctly managing inventory levels helps companies to swiftly adapt to unpredictable changes within the marketplace. One way to realize a responsive Supply Chain is to correctly manage inventory levels. Inventory Management.
Taulia
JULY 14, 2022
Inventory management is the term used to describe the approach an organization takes to source, store, track, and sell inventory. For companies that have large volumes of inventory, it is usually advisable to use a dedicated system to manage inventory. What is an inventory management system?
SYSPRO Smarter ERP
FEBRUARY 2, 2022
Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices.
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?
Supply Chain Game Changer
SEPTEMBER 15, 2021
Featuring Our 10 Best Inventory Management Articles! Inventory management is a holistic and logical methodology for handling both raw materials and finished products. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain.
TrackVia
MAY 25, 2023
Many companies are realizing the critical role that effective inventory management plays in streamlining warehouse operations and maintaining an edge over competitors. Implementing low-code allows for tracking various aspects of inventory management, from stock quantities and locations to order progress and shipments.
Talking Logistics
SEPTEMBER 4, 2018
What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. For Management: a balancing strategy, etc…. Inventory Management is about having a right balance of expectations from different functions of the supply chain.
RFgen
MAY 16, 2023
The role of data analytics in optimizing inventory management processes has become increasingly important. Let’s explore the power of data analytics in inventory management, where automated data collection comes into play, and how data can transform your business operations. Enter automated data collection.
Supply Chain Game Changer
DECEMBER 9, 2020
The list is long: Inventory management is handled through your ERP Your product development team works through the PML Sales and marketing are housed in the CRM And it feels like half the company is still managing product data in spreadsheets. Inventory management starts with the fundamental in and out of your supply chain.
EazyStock
JANUARY 27, 2021
2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. It’s a tough decision to make; distributors and sellers need to determine their priorities and what they can manage when choosing a supplier.
Unleashed
MARCH 8, 2023
Choosing the best inventory management software isn’t easy. This guide is designed to inform you which features are most important, the best time to invest in inventory software, and the costs you can expect to pay. Key considerations Manual management of inventory is time-consuming and prone to error.
Supply Chain Opz
JUNE 23, 2014
Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. Then, many people think sophisticated forecasting models will do a better job.
EazyStock
JUNE 23, 2022
This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it! This article explores some of the benefits of big data to inventory management teams.
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.
SYSPRO Smarter ERP
AUGUST 1, 2022
The details held within the BOM can be used with different sourcing policies to ensure you get the best product from the right supplier at the best price and availability, ensuring customer satisfaction and reduced costs. The post The role of a Bill of Materials in optimizing your inventory management appeared first on SYSPRO Blog.
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.
RFgen
MARCH 3, 2021
Mobile inventory solutions for D365 boost data accuracy, increase workflow efficiency and support digital transformation with barcode software. RFgen’s D365 offering includes open source app suites across purchasing and receiving, sales and shipping, inventory management, and inquiry and reports. Inventory Adjustment.
Logistics Viewpoints
FEBRUARY 14, 2024
Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent. Other critical functions include order management, manufacturing, and product development.
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.
EazyStock
DECEMBER 13, 2020
Having a transparent and detailed account of what inventory you are currently holding will help you optimize your inventory levels while allowing you to be responsive to market demand. Next comes crafting an inventory management plan to mitigate your greatest risks. What were your biggest challenges in 2020?
Stord
MARCH 26, 2020
By leveraging a flexible inventory management system that operates on a cloud-based software so you can respond quickly to customer and business needs. What can a dynamic inventory system do? Every day of the COVID-19 pandemic creates new supply chain challenges. Talk to a supply chain expert about how we can help: [link]
EMERGE App
NOVEMBER 16, 2020
In this case, the wholesaler retains ownership of the inventory until its sold. If their inventory isn’t bought, the retailer returns it to the wholesaler. . For a retailer, there are many advantages to using consignment inventory management. The first being that the wholesaler will bear all the inventory carrying costs.
Vanguard Software
MAY 18, 2021
Digital platforms offer significant benefits over spreadsheets for inventory management. According to a Gartner survey, 95% of supply chain professionals have already invested in or plan to invest in modern inventory management solutions in the coming years. Shortcomings of Using Excel for Inventory Management.
Vanguard Software
MAY 18, 2021
Digital platforms offer significant benefits over spreadsheets for inventory management. According to a Gartner survey, 95% of supply chain professionals have already invested in or plan to invest in modern inventory management solutions in the coming years. Shortcomings of Using Excel for Inventory Management.
EC Sourcing Group
AUGUST 31, 2021
Top 5 Sourcing and Procurement Techniques. With sourcing and procurement , a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. .
RFgen
MARCH 3, 2021
Mobile inventory solutions for Dynamics 365 Supply Chain Management boost data accuracy, increase workflow efficiency and support digital transformation with barcode software. Mobile inventory solutions for Microsoft Dynamics 365 Supply Chain Management help you get the most out of your ERP. Inventory Management Suite.
Veridian Solutions
MAY 28, 2019
Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net , the costliest problem is due in large part to poor inventory visibility and planning. What Are the Most Common Inventory Management Mistakes?
Unleashed
DECEMBER 15, 2019
It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. International Sourcing.
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).
Logistics Viewpoints
OCTOBER 12, 2023
The following will delve into some of the intricate farm-to-table challenges that supply chains face across sourcing, demand planning, procurement and inventory management, transportation, and warehousing. Sourcing is not only from traditional farms but also from controlled environment agriculture (e.g.,
BlueYonder
JUNE 16, 2022
Following on the heels of the product shortages, production shutdowns and port closures that characterized 2020 and 2021, this new source of supply chain upheaval only reminds us that business volatility is a fact of life. The post Where’s My Inventory?
Supply Chain Matters
JULY 25, 2022
Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.
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