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Amongst the many variables in running a Supply Chain, the one certainty in FMCG, Pharmaceutical and Agri businesses is that inventory is solely in the eye of the beholder. FMCG Forecasting & Demand Planning Inventory Management & Stock Control Supply Chain Analytics MORE
Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. The post [PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization appeared first on Transportation Management Company | Cerasis. MORE
We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. Inventory is both. MORE
With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. This article will share five things you need to know about optimizing inventory in the digital age. MORE
In my decades of working in replenishment and inventory optimization, I’ve noticed that many companies seek solutions to symptoms rather than the underlying problem. They want to have an aging report for inventory or a report on vendor performance. MORE
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. MORE
In a recent blog on Inventory Forecasting the core challenges and business importance of estimating inventory are outlined. Optimized” Inventory Forecasting a Co-Product of Optimized Central Planning was first posted on February 18, 2020 at 8:08 am. ©2017 MORE
The post The Potential and the Pitfalls of Vendor Managed Inventory (VMI) appeared first on The Network Effect. Inventory Management Supply Chain Management VMI MORE
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. MORE
Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. This leaves us with one option: pushing the boundaries of current inventory management practices. MORE
While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Better Inventory Management Needs Complete Control. MORE
“Your inventory problem is scary because you’re selling out before you can make new items to meet demand”. Many retailers agree that inventory can be scary. Inventory distortion” (the combined cost of out-of -stocks and overstocks) accounts for $1.1 MORE
Most companies try to minimize inventory by improving their inventory turns. However, this measure does not reflect the potential impact of inventory on revenue. Inventory maybe undesirable however it is both an investment as well as insurance to protect the business. MORE
When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” MORE
Timeliness, speed, and order accuracy are some of the most in-demand aspects of today’s omnichannel world, but significant challenges still exist with inventory visibility. Inventory Management Supply Chain inventory visibility MORE
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory. MORE
Managing inventory in 2019 has become an even more complex challenge according to our industry peers and PINC customers. In my previous article titled “The High Cost of The One Percent Inventory Accuracy in Your Supply Chain“, I explored significant challenges, costs associated to inventory management, and what one percent of inventory accuracy represents to your operation. Guest Commentary Inventory Management MORE
Using technology in the warehouse is one of the most effective ways to improve inventory management and reduce returns. Since returns represent a significant cost to companies, it is imperative for retailers to take steps to improve inventory management and manage returns. MORE
The post Quantum Inventory Theory? Physics at the quantum level is quite weird – not at all like what we experience in our usual macroscopic life. Among the oddities are “superposition”, “entanglement”, and “quantum foam.” MORE
Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Inventory Optimization MORE
Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. Much of inventory is a hedge against uncertainty. MORE
Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Inventory Optimization MORE
Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. or “How can we reduce inventory and improve our balance sheet?”. MORE
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. MORE
What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. What is Lean Inventory Management? Attributes of Lean Inventory Management. MORE
However, inventory optimization can solve these challenges. What’s Wrong With Current Inventory Optimization Processes? The post Why Omnichannel Supply Chain Success Depends on Inventory Optimization appeared first on Transportation Management Company | Cerasis. MORE
What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain. MORE
In part one of “Regaining control: Inventory management best practices” , we talked about controlling inventory, before being able to competently manage inventory. Inventory management best practices all about getting organized. by Richard Cushing. MORE
Inventory generates revenue as long as it is moving! Lack of inventory at the right time means loss of revenue and potentially loss of market share. In the absence of a crystal ball there are many ways to increase the speed of moving inventory. MORE
Today’s warehouse managers need better inventory management strategies. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. Shareholders want to increase profitability. Customers wish for better customer service. MORE
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory. MORE
When supplies get tight, inventory optimization can help focus production around the most critical products while reducing requirements for other items. Inventory (both finished goods and materials) can then be allocated to more critical demand. Inventory OptimizationAs the (U.S.) MORE
Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. The concept of inventory health is based on this expectation. MORE
The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. And it begins with improving their inventory accuracy. MORE
Inventory Related Topics Cerasis
JULY 19, 2019
Using technology in the warehouse is one of the most effective ways to improve inventory management and reduce returns. Since returns represent a significant cost to companies, it is imperative for retailers to take steps to improve inventory management and manage returns.
Cerasis
NOVEMBER 8, 2019
Today’s warehouse managers need better inventory management strategies. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. Shareholders want to increase profitability. Customers wish for better customer service.
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Cerasis
FEBRUARY 11, 2020
Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. The post [PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization appeared first on Transportation Management Company | Cerasis.
The Network Effect
NOVEMBER 7, 2019
The post The Potential and the Pitfalls of Vendor Managed Inventory (VMI) appeared first on The Network Effect. Inventory Management Supply Chain Management VMI
Speaker: Irina Rosca, Director of Supply Chain Operations, Helix
Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align. Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line.
Talking Logistics
MAY 6, 2019
The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. And it begins with improving their inventory accuracy.
|
Cerasis
SEPTEMBER 13, 2019
However, inventory optimization can solve these challenges. What’s Wrong With Current Inventory Optimization Processes? The post Why Omnichannel Supply Chain Success Depends on Inventory Optimization appeared first on Transportation Management Company | Cerasis.
Cerasis
JULY 26, 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.
Cerasis
SEPTEMBER 6, 2019
Timeliness, speed, and order accuracy are some of the most in-demand aspects of today’s omnichannel world, but significant challenges still exist with inventory visibility. Inventory Management Supply Chain inventory visibility
Cerasis
SEPTEMBER 11, 2017
While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Better Inventory Management Needs Complete Control.
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.
|
ToolsGroup
OCTOBER 31, 2017
“Your inventory problem is scary because you’re selling out before you can make new items to meet demand”. Many retailers agree that inventory can be scary. Inventory distortion” (the combined cost of out-of -stocks and overstocks) accounts for $1.1
ToolsGroup
AUGUST 7, 2018
Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Inventory Optimization
Arkieva
FEBRUARY 18, 2020
In a recent blog on Inventory Forecasting the core challenges and business importance of estimating inventory are outlined. Optimized” Inventory Forecasting a Co-Product of Optimized Central Planning was first posted on February 18, 2020 at 8:08 am. ©2017
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.
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.
Cerasis
JANUARY 8, 2015
What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. What is Lean Inventory Management? Attributes of Lean Inventory Management.
The Smart Software
MAY 23, 2019
The post Quantum Inventory Theory? Physics at the quantum level is quite weird – not at all like what we experience in our usual macroscopic life. Among the oddities are “superposition”, “entanglement”, and “quantum foam.”
Enchange Supply Chain Consultancy
FEBRUARY 10, 2016
Amongst the many variables in running a Supply Chain, the one certainty in FMCG, Pharmaceutical and Agri businesses is that inventory is solely in the eye of the beholder. FMCG Forecasting & Demand Planning Inventory Management & Stock Control Supply Chain Analytics
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ToolsGroup
JUNE 19, 2018
Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. Much of inventory is a hedge against uncertainty.
ToolsGroup
FEBRUARY 6, 2018
Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. The concept of inventory health is based on this expectation.
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. Inventory Management is about having a right balance of expectations from different functions of the supply chain.
Adexa
OCTOBER 22, 2019
Inventory generates revenue as long as it is moving! Lack of inventory at the right time means loss of revenue and potentially loss of market share. In the absence of a crystal ball there are many ways to increase the speed of moving inventory.
LeanCor
NOVEMBER 18, 2013
Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. This leaves us with one option: pushing the boundaries of current inventory management practices.
ToolsGroup
JANUARY 22, 2020
In my decades of working in replenishment and inventory optimization, I’ve noticed that many companies seek solutions to symptoms rather than the underlying problem. They want to have an aging report for inventory or a report on vendor performance.
Adexa
JANUARY 29, 2020
Most companies try to minimize inventory by improving their inventory turns. However, this measure does not reflect the potential impact of inventory on revenue. Inventory maybe undesirable however it is both an investment as well as insurance to protect the business.
Kinaxis
FEBRUARY 28, 2019
In part one of “Regaining control: Inventory management best practices” , we talked about controlling inventory, before being able to competently manage inventory. Inventory management best practices all about getting organized. by Richard Cushing.
Supply Chain Shaman
SEPTEMBER 3, 2015
We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. Inventory is both.
ToolsGroup
AUGUST 28, 2018
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.
Supply Chain Shaman
MAY 3, 2015
When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.”
ToolsGroup
JUNE 11, 2019
With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. This article will share five things you need to know about optimizing inventory in the digital age.
ToolsGroup
MAY 8, 2018
When supplies get tight, inventory optimization can help focus production around the most critical products while reducing requirements for other items. Inventory (both finished goods and materials) can then be allocated to more critical demand. Inventory OptimizationAs the (U.S.)
ToolsGroup
AUGUST 28, 2018
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.
Logistics Viewpoints
JUNE 6, 2019
Managing inventory in 2019 has become an even more complex challenge according to our industry peers and PINC customers. In my previous article titled “The High Cost of The One Percent Inventory Accuracy in Your Supply Chain“, I explored significant challenges, costs associated to inventory management, and what one percent of inventory accuracy represents to your operation. Guest Commentary Inventory Management
ToolsGroup
FEBRUARY 5, 2019
Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. or “How can we reduce inventory and improve our balance sheet?”.
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