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Elevating Inventory Management with Multi-Echelon Inventory Optimization

Logility

This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress. Yet, recent research suggests a more advanced approach, Multi-Echelon Inventory Optimization (MEIO), surpasses traditional methods.

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Inventory Everywhere, But Not the Right Product to Ship

Supply Chain Shaman

Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation. Next steps?

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Spare Parts to Profits: Strategic Inventory Mastery

ToolsGroup

In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Organizations require robust inventory management systems capable of handling diverse parts throughout their lifecycle.

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Order Visibility Is Critical Amid Low Inventories

Logistics Viewpoints

But shippers looking to avoid disruptions and ensure that tight inventory levels don’t lead to missed sales opportunities pulled their orders forward. As companies look ahead to the next three to six months, they’re weighing costs, risks, and demand as they plan and adapt their inventory strategies.

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How Does Your Inventory Optimization Process Compare to Peers?

Take it now to see how your inventory optimization process scores and benchmark it against peers. Are You Betting on the Right Tools to Succeed in 2021? The 15-question assessment takes only 5 minutes to complete. Responses are aggregated and kept anonymous. We hope it serves as a thought-provoking exercise to improve your approach! -->

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AI-Powered Inventory Planning for Better Sleep

Logistics Viewpoints

With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.

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Multi-echelon Inventory Optimization vs Inventory Optimization

ToolsGroup

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.

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5 Powerful Prescriptive Analytics Examples in Supply Chain

Inventory optimization. Supply chain, with its complex planning questions, is typically an area where optimization technology is required. Read about 5 use cases. Supply Chain Network Design. Sales and operations planning (S&OP). Sales and Operations Execution (S&OE). Warehouse optimization.

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Complimentary Gartner Report: Improve S&OP Decision Making with Scenario Planning

How to articulate scenarios for portfolio planning, network, inventory, and more. The paradigm shift happening in S&OP and pain points experienced by SCP leaders. Assessing risks, opportunities and business impact with scenarios. Defining indicators to monitor changes in scenarios.

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Digital Transformation: Why You Can’t Afford to Wait

Topics cover: How disruption is redefining the manufacturing industry Prioritizing business and technology strategies Balancing immediate pain points with future-focused initiatives that build resilience Mastering inventory, cycle times, and cost-to-serve Agile problem-solving and continuous transformation

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Just In: Inventory Optimization Research

How are organizations performing on inventory optimization? Inventory: asset or liability? Although nobody could have predicted the degree of disruption most companies experienced last year, the pandemic did expose the many challenges organizations face when it comes to inventory. How can new technologies help your team improve?

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How to Tackle Today's Most Complex Inventory Challenges

Speaker: Andrew Kurpiel - AmerCareRoyal | Bill Benton - GAINS | Paul Benhamou - Benco Dental

By targeting inventory investments and regulating service expectations, their inventory optimization activities have improved performance. 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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Mastering Order Management: Backorders & Out-of-Stock Inventory

This brief video explores some of the primary drivers of inventory issues – and how modern technology and best practices can mitigate these issues and ensure a superb customer experience. The unfortunate truth is that you will always have low stock and backorder issues with your supply chain.

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5 Steps to 100% Inventory & Asset Accuracy: A Warehouse Manager’s Guide to RFID

The guide is “5 Steps to 100% Inventory & Asset Accuracy.” What's your inventory accuracy? We’re excited to share a guide created in collaboration with our partners at Zebra and T&W Operations, experts in RFID Smart Solutions. What's inside the eBook? Case study: Military contractor saves time & money

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Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

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.