Inventory Reduction Related Topics 
Unleashed
OCTOBER 6, 2021
So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. that are each proven to reduce a company’s costs.?
Unleashed
DECEMBER 28, 2021
One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. Read more: What is Inventory Management? But excess inventory also comes with a variety of problems.
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EazyStock
AUGUST 21, 2020
So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? However, simply cutting inventory across your entire product range is not the approach to take.
ToolsGroup
MARCH 15, 2023
ABC inventory classification has been around so long that most planners just assume it’s the only way to segment your inventory. Nearly all traditional inventory management applications calculate safety stock for each individual SKU-Location combination.
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This playbook offers manufacturers a realistic and viable guide to balancing immediate needs with future-focused strategy.
The Logistics & Supply Chain Management Society
AUGUST 19, 2022
Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains. This article was originally written and published for DHL in January 2020 and focused on the trade wars and how to leverage opportunities for tariff reductions.
Supply Chain Game Changer
AUGUST 21, 2022
A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. They can also reduce the number of empty miles and traffic jams.
Supply Chain Shaman
SEPTEMBER 20, 2015
When I hear companies discussing the implementation of a customer segmentation strategy, I ask a series of questions: Who is your customer? What are you trying to accomplish through the execution of a customer segmentation strategy? Today, there is not a well-defined template on how to build and operate a supply chain defined by customer policy and segmentation strategy. SanDisk’s Journey to Build a Supply Chain Customer Segmentation Strategy.
ToolsGroup
OCTOBER 10, 2022
Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. What is Manufacturing Inventory Control? 4 Common Inventory Pitfalls Manufacturers Must Avoid.
ThroughPut
DECEMBER 4, 2022
Demand-driven replenishment and fulfillment can help retail planners manage large SKUs, determining each sales location and its optimal inventory targets. This ensures enhanced stock availability and reduction of lost sales. Reduced run-hours powered with replenishment and fulfillment.
Speaker: Andrew Kurpiel - AmerCareRoyal | Bill Benton - GAINS | Paul Benhamou - Benco Dental
Join three supply chain experts as they share their best practices and effective strategies for facing today’s most complex inventory challenges.
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Unleashed
JANUARY 25, 2023
In fact, in the UK alone average inventory values jumped nearly 100% from 2019-2022 , while gross margin return on investment (GMROI) dropped 76%. This is achieved through the implementation and continued improvement of cash flow management strategies.
Prophetic Technology
APRIL 27, 2021
Inventory Replenishment has to do with buying and moving inventory, whether raw materials or finished goods, from stockpile storage to primary storage and finally to the selling point. supply chain inventory Replenishment
Supply Chain Game Changer
JANUARY 19, 2022
Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. The supply chain is a significant part of your overall business strategy and inventory management. The council also helps in eliminating barriers within the company.
ThroughPut
OCTOBER 22, 2021
In 2021 , the retail sector experienced drastic global inventory distortion. However, most of the variability generated by these factors can be eliminated by addressing supply, management, and demand at regular intervals, through focused solutions. Inventory Buffer.
Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP
Join Robert Olszak, Vice President at Global Supply Chain Optimization, as he discusses how to better prepare for the next generation of supply chain management with industry-leading inventory and network optimization tools.
Logistics Viewpoints
FEBRUARY 3, 2022
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising.
ThroughPut
JUNE 8, 2021
SKU Optimization: Work Smart, Not Hard To Optimize Inventory. Are you still spending hours on hours sorting through your inventory list and still getting nowhere? And more than that, it’s time to rethink your inventory strategy for the better. Try inventory optimization!
ToolsGroup
AUGUST 20, 2021
Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.”
Logistics Viewpoints
FEBRUARY 2, 2022
Inflation’s effects on inventory management policies are likely far from top of the mind of Logistics Viewpoints readers in today’s challenging times. However, today’s elevated rate of inflation warrants a closer look at optimal inventory policies. Inventory Costs and Risks.
Speaker: Irina Rosca, Director of Supply Chain Operations, Helix
If we're going to offer the speed of shipping and variety of inventory that today's customers have come to expect, there are a lot of different questions that need to be asked.
Supply Chain Game Changer
JUNE 30, 2022
The Importance of a Strong Supply Chain and Logistics Strategy! For a supply chain to run smoothly it needs to be well managed under the right strategy for your business objectives. Supplier consolidation is a major player in supply chain strategy. Subscribe Here! Email Address.
SCMDOJO
FEBRUARY 20, 2023
To get ahead in today’s competitive marketplace, distributors must remain on the cutting edge of innovation and stay up-to-date on new developments. Therefore, evaluating performance and creating a comprehensive digitalization strategy are essential for a distributor’s success.
The Logistics & Supply Chain Management Society
APRIL 15, 2021
This unlocks enormous value as you eliminate time lags, lower costs, and slash inventory buffers across the network. This strategy enables companies to achieve four critical objectives: Unlock value trapped in the supply network that is due to poor data quality and communication.
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. Inventory Replenishment Strategies to Boost Profitability. Smart inventory purchasing.
Speaker: Adrian Gonzalez, Tom Nightingale, and Martin Verwijmeren
Watch this insightful conversation about enabling assurance of supply in the global marketplace to better balance inventory and control costs.
Supply Chain Matters
JULY 15, 2022
This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. Change of Leadership and Overall Business Strategy.
ToolsGroup
DECEMBER 2, 2021
Inventory mixes and service levels get out of balance across the network—and out of line with business objectives. Download our ebook: Demand Forecast Is Why You Need to Adopt a Service-Driven Supply Chain Strategy.
Unleashed
APRIL 27, 2022
We take a look and offer strategies and case studies, along with tips from supply chain professionals. Where this is not possible, other changes can be made to the product or process to reduce waste and the carbon footprint.
RFgen
FEBRUARY 15, 2023
Strategy is a critical aspect of supply chain management. By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected.
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Learn to manage disruption with modern supply chain analytics.
Supply Chain Shaman
OCTOBER 22, 2015
The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. In business there are many drivers of inventory, and the management of inventory levels requires discipline and a cross-functional focus. What Drives Inventory Effectiveness?
Supply Chain Shaman
JUNE 12, 2020
Downsizing inventories over the past decade crippled the response.” 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.
Enterra Insights
JUNE 22, 2022
The irony of excess inventory. Reporters from Bloomberg explain, “A nationwide inventory glut has led to unexpected bargains for U.S. Excess inventory was also caused by the Bullwhip Effect. ” Optimizing inventory. trillion because of mismanaged inventory.”[7]
ModusLink Corporation
OCTOBER 27, 2021
Synergy is a core element present in many successful manufacturing strategies. The synergy effect within a business is the result of mutual interaction between two individual company elements, usually achieved by executing a specific strategy. Manufacturing Strategies in Supply Chain.
Speaker: Ron Spiteri, Director of TXM Lean Solutions
The pandemic has been the most significant disruption to global supply chains since the dawn of the industrial world. A key learning of this disruption has been the need for business continuity planning to mitigate future disruptions, which we know will come. Join Ron Spiteri of TXM Lean Solutions, and learn the key steps to take control of your supply chain risks.
DELMIA Quintiq
SEPTEMBER 22, 2021
An increasing lineup of advanced digital solutions have given manufacturers the edge to transform and achieve better inventory control. The manufacturing industry is constantly searching for new and inventive ways to improve inventory management.
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