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.” This is different from problematic ABC inventory classification.

Inventory Reduction 317

Inventory Reduction Inventory Modeling Forecasting 317

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.

Inventory Management Software 262

Inventory Management Software Inventory Management Inventory Reduction Inventory 262

Logility

MAY 5, 2023

Inventory strategies begin with an efficient network design to effectively balance your ability to accurately predict customer demand and work with suppliers to adjust orders in real time. Routine firefighting of inventory issues is a symptom of inventory strategies treated as a once-a-year exercise.

Inventory Reduction 130

Inventory Reduction Vendor Strategies Price Reduction Resource Reduction 130

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. Is supply chain inventory the problem?

Supply Chain Planning Software 291

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Agile and Lean Supply Chain 291

AIMMS

JANUARY 20, 2021

Inventory management has always been challenging. Too often, inventory is viewed from an aggregate position, likely driven by finance, who are concerned about working capital implications. Inventory should act as a buffer to adsorb variability and decouple the demand from the supply side of our supply chains. – Tweet this.

Supply Chain Optimization 358

Supply Chain Optimization Inventory Price Mitigation Strategies AIMMS 358

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. Types of inventory that can be optimized.

Inventory Management Software 294

Inventory Management Software Inventory Reduction Inventory Management Inventory 294

SCMDOJO

NOVEMBER 29, 2023

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow.

Inventory Reduction 92

Inventory Reduction Inventory Material Savings Inventory Management Software 92

Logility

MAY 25, 2023

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. This is where inventory control techniques come in.

Inventory Reduction 130

Inventory Reduction Inventory Supply Chain Planning Software Inventory Management Software 130

My Office Apps

NOVEMBER 16, 2023

Differentiating Specialized Food Inventory Software: Beyond Standard Inventory Management Solutions Not all inventory management software is created equal. This guide illuminates the key differences between generic inventory solutions and specialized software tailored for the intricacies of the food industry.

Inventory Management Software 86

Inventory Management Software Supply Chain Design Software Optimization Software Inventory Reduction 86

Logistics Viewpoints

DECEMBER 14, 2022

This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. As a result, inventory managers have to explore new ways to cope with full warehouses. Unconventional solutions to excess inventory challenges. The answer goes beyond standard inventory management.

Inventory Management Software 197

Inventory Management Software Inventory Management Inventory Reduction Inventory 197

The Smart Software

SEPTEMBER 25, 2023

People involved in the supply chain are likely to have questions about various inventory terms and methods used in their jobs. The post What is Inventory Planning? A Brief Dictionary of Inventory-Related Terms appeared first on Smart Software. This note may help by explaining these terms and showing how they relate.

Supply Chain Planning Software 94

Supply Chain Planning Software Inventory Supply Chain Planning Supply Chain Software 94

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]

Inventory Reduction 130

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 130

My Office Apps

DECEMBER 7, 2023

Boost Your Business Profits with Efficient Procurement and Inventory Management Software Are you searching for ways to enhance your business’s profitability? Efficient procurement processes not only streamline your purchasing cycle but also lead to better inventory management and ultimately, reduced costs.

Optimal Sourcing 73

Optimal Sourcing Inventory Management Software Inventory Reduction Procurement Solutions 73

Logistics Viewpoints

JULY 6, 2022

I did a little digging to find out the specifics about excess inventory, the stated causes, and the potential implications. Retailers’ Inventories – Just Keep your Returns? Unfortunately, I am unsure about the order of magnitude or the duration of these inventory mismatches. Here’s my take on the topic.

Inventory Reduction 258

Inventory Reduction Inventory Supply Chain Optimization Retail 258

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Evolution of Asset Management: Humans, Inventory and the Rise of AI by Jeroen Hendriks , Director at Art of Supply Chain Sdn Bh In the ever-evolving landscape of organisational success, the spotlight is now on asset management. However, inventory is also an essential asset for many businesses.

Inventory Reduction 130

Inventory Reduction Asset Management Inventory Supply Chain Planning Software 130

The Logistics of Logistics

FEBRUARY 11, 2022

Inventory Management vs. Warehouse Management. Original article: Inventory Management vs. Warehouse Management. That may be because a company might already have an inventory system and wonders what additional capabilities they will get with a new WMS. Inventory Management vs Warehouse Management: Main Differences.

Inventory Management Software 176

Inventory Management Software Inventory Management Warehousing Inventory 176

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 83

Inventory Reduction Inventory Optimal Sourcing Expense Reduction 83

Arkieva

JULY 22, 2020

Inventory comes in many forms and flavors; it is the critical element of supply chains that enable a firm to respond quickly and take advantage of scale. However, managing inventory is one of the most. Inventory Management – Navigating the Trenches Without Losing Sight of the Big Picture was first posted on July 22, 2020 at 7:59 am.

Inventory Management 298

Inventory Management Inventory Supply Chain Planning Supply Chain 298

The Logistics & Supply Chain Management Society

JUNE 14, 2023

Managing Inventory amid Regime Change by Thomas Willemain, Ph.D ​If Statisticians use the phrase differently, in a way that has high relevance for demand planning and inventory optimization. This blog is about “regime change” in the statistical sense, meaning a major change in the character of the demand for an inventory item.

Inventory 130

Inventory Supply and Demand Supply Chain Planning Software Supply Chain Software 130

Logistics Bureau

OCTOBER 17, 2023

Did you know that you can reduce logistics costs through effective inventory management? Some of it sounds very basic and yet, so many businesses really do miss these Inventory Management techniques. Watch the video below to learn how to reduce your inventory costs!

Inventory Reduction 62

Inventory Reduction Inventory Cost Reduction Strategies Logistics 62

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 93

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 93

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? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Inventory 72

BlueYonder

DECEMBER 8, 2023

For retailers trying to align inventory with demand this 2023 holiday season, it’ll be like catching falling apples from an uprooted tree in full flight. Despite all the complexity in predicting the season, there are clear clues for how to tactically leverage inventory placement. It needn’t be too much of a juggling act.

Inventory 68

Inventory Supply and Demand Retail Real-time Visibility 68

The Smart Software

SEPTEMBER 5, 2023

Forecasting inventory requirements is a specialized variant of forecasting that focuses on the high end of the range of possible future demand. The post How to forecast inventory requirements appeared first on Smart Software. Traditional methods often rely on bell-shaped demand curves, but this isn't always accurate.

Forecasting 81

Forecasting Forecasting Software Inventory Demand Planning Software 81

Arkieva

AUGUST 16, 2023

This blog discusses different scenarios that led to the optimization models producing and storing excess inventory. Understand the Factors Behind Inventory Accumulation by Optimization Models with No Demand was first posted on August 16, 2023 at 7:47 am.

Modeling 119

Modeling Supply Chain Optimization Optimization Modeling Supply and Demand 119

SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

Optimal Sourcing 95

Optimal Sourcing Inventory Management Software Inventory Reduction Inventory Management 95

Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Management Software 74

Inventory Management Software Inventory Management Inventory Reduction Inventory 74

Logility

AUGUST 22, 2023

Efficient inventory optimization starts with choosing the best software. It is important to note different terms that can often, mistakenly used interchangeably in conversation, yet have distinct meanings.

Optimization Software 582

Optimization Software Inventory Price Mitigation Strategies Software 582

CHAINalytics

OCTOBER 18, 2022

This blog post is the second in Chainalytics’ Integrated Demand and Supply Planning practice three-part series on improving inventory. This post will cover optimising your inventory to drive accessibility of working capital and improvements in customer service levels.

Inventory 78

Inventory Supply Chain Planning Supply Chain Optimization Supply Chain 78

ShipBob

JUNE 18, 2023

If you start out a quarter with more inventory than when you started the previous quarter, is it a good thing or a bad thing? Or, it’s an indication that you have more inventory than you can sell. If you start out with less inventory than the period prior, it could mean you sold a lot of your stock — congratulations!

Inventory 98

Inventory Manufacturing Procurement Purchasing Skills Inventory Management Software 98