Inventory, Inventory Management Software, Metrics and Survey

Leveraging Software Solutions for Enhanced ERP and Inventory Performance

RFgen

JUNE 30, 2023

Prioritizing technology solutions in today’s digital environment is a necessity. Gone are the days of paper inventory tracking and manual data entry. The businesses of tomorrow need technology solutions that give real-time information in order to make key business decisions when it comes to inventory.

Inventory Management Software

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Inventory Management: Technology Enablers

Kinaxis

JUNE 29, 2015

by Andrew Dunbar The modern day inventory manager described in this series is the backbone of your company’s inventory planning process. She has a strong understanding of supply chain fundamentals and is an expert at controlling the key levers impacting the inventory company’s investment in inventory. Closed Loop.

Inventory Management Software

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

OCTOBER 16, 2022

Inventory Optimization to Unlock Supply Chain Efficiencies with Cost Reduction. A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years. INVENTORY STRATEGY.

Optimal Sourcing

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Beware the Swinging Pendulum on Supply Chain Inventory Practices

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?

Inventory Reduction

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The Future of Inventory Management

Kinaxis

JULY 23, 2015

by Andrew Dunbar This post concludes my inventory management blog series. Throughout this series I’ve proposed an elevated role for the inventory manager that challenges the assumption that an inventory manager is a victim of his colleagues’ business decisions and plays only a limited role in formulating inventory results.

Inventory Management Software

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Track the Supply Chain Metrics that Really Matter

Precoro

MAY 19, 2023

According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics

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Are you getting the most out of your inventory management process?

Kinaxis

JUNE 1, 2015

by Andrew Dunbar Inventory is often the single largest asset on a company’s balance sheet and your inventory management process can have a huge impact on your organization’s bottom line. When you think about the priorities of your inventory management process, what’s the first thing that comes to mind?

Inventory Management Software

Inventory Management Software Inventory Reduction Inventory Management Inventory

Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

APRIL 9, 2021

of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Sadly, most of it is the wrong inventory. Despite spending 1.1%

Supply Chain Planning Software

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Inventory Management Levers – Success Through Collaboration

Kinaxis

JUNE 15, 2015

by Andrew Dunbar So you’re an inventory manager, and your CFO just asked you to reduce inventory by 10% before year end to free up some capital for next year’s big investment in R&D. But then you look at historical trends and see that lately, your inventory has been growing by 3% each quarter.

Inventory Management Software

Inventory Management Software Inventory Management Inventory Reduction Inventory

5 Trends Changing Supply Chains for the Better in 2024

Logility

JANUARY 26, 2024

However, this year promises a significant paradigm shift where traditional performance metrics are replaced by technology-driven frameworks, as recent breakthroughs with Generative AI in supply chains have demonstrated. Modern technology is the key ‘‘unlocker.’’ Enter our list of supply chain trends for 2024.

Supply Chain Planning Software

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Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

OCTOBER 22, 2015

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. I was moving from the world of manufacturing to a new world of software. When I went through the training to learn the new software, I struggled. The Business Problem.

Inventory Reduction

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3 Ways to Accelerate Your Inventory Management

RFgen

SEPTEMBER 26, 2018

TABLE OF CONTENTS: The Current State of Inventory Management. Integrate and Optimize Inventory Workflows. Implement Inventory Management Software. Integrate ERP Data with Inventory Processes. Implement the Right Software Solution. The Current State of Inventory Management.

Inventory Management Software

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software

3 Ways to Accelerate Your Inventory Management

RFgen

SEPTEMBER 26, 2018

TABLE OF CONTENTS: The Current State of Inventory Management. Integrate and Optimize Inventory Workflows. Implement Inventory Management Software. Integrate ERP Data with Inventory Processes. Implement the Right Software Solution. The Current State of Inventory Management.

Inventory Management Software

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software

The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Logistics Viewpoints

JUNE 29, 2023

A recent report says that more than 77% of companies said, in a survey, that they are investing in deeper and more collaborative supplier relationships to improve resilience and agility. Consequences of Lack of PO Collaboration Capabilities Failure to prioritize PO collaboration can lead to severe consequences for companies.

Manufacturing Procurement

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction

Seven Misconceptions on Managing Inventory in a Market-Driven World

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.” The supply chain is a complex system with increasing complexity.

Inventory Reduction

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. AI-based tools already help automate routine tasks and assist decision-making processes across various sectors.

Optimal Sourcing

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling

The Essential List of Logistics Acronyms and Abbreviations for Retailers

Locus

MAY 20, 2024

A recent survey forecasts that retail sales will soar to $32.76 Read Also: A Comprehensive Guide to Effective Returns Management 3. OTIF – On-Time In-Full On-Time In-Full (OTIF) is a key logistics metric that evaluates whether shipments are delivered completely and on schedule.

Logistics Network Optimization Software

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Supply chain inventory optimization – Beyond the analytics

Kinaxis

MARCH 22, 2017

But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. trillion in cash according to a 2013 US Working Capital Survey.

Optimal Sourcing

Optimal Sourcing Supply Chain Optimization Network Optimization Inventory Reduction

Supply Chain Planning BPO: What’s Driving It and Should You Get On Board?

ToolsGroup

AUGUST 20, 2019

They say usage of SCP BPO increased about 25% this year, driven by challenges with end users’ talent retention, technology constraints, and inefficient planning processes. Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. versus $4.84

Supply Chain Planning Software

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How We Stubbed Our Toe in The Evolution of S&OP

Supply Chain Shaman

FEBRUARY 14, 2022

At the time, I was fascinated how the most mature teams bucked the system. However, this mature team found the technology insufficient. Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Let me explain. Mistake #3. The order represents true demand.

S&OP

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Why Have We Not Reduced Inventory?

Supply Chain Shaman

OCTOBER 11, 2012

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory?

Inventory Reduction

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How to Measure & Improve Manufacturing Efficiency

Unleashed

MAY 9, 2024

With the right systems in place – and continuous monitoring – you can improve manufacturing efficiency across all your key workflows. Efficiency focuses on improving metrics like machine uptime, cycle time , defect rates, and utilisation of labour and equipment.

Manufacturing Procurement

Manufacturing Procurement Waste Reduction Resource Reduction Inventory Reduction

Supply Chain Planning BPO: What’s Driving It and Should You Get On Board?

ToolsGroup

AUGUST 20, 2019

They say usage of SCP BPO increased about 25% this year, driven by challenges with end users’ talent retention, technology constraints, and inefficient planning processes. Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. versus $4.84

Supply Chain Planning Software

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software

What is OTIF? Meaning, Calculation, & How to Improve

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. Why is OTIF an important supply chain management metric?

Vendor Strategies

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Here’s Why B2B eCommerce Will Be So Important in 2022

Unleashed

SEPTEMBER 7, 2021

Read more: Try the eCommerce inventory management software that unleashes your growth What is B2B eCommerce? The Covid 19 pandemic has accelerated the shift towards online B2B transactions What is a B2B eCommerce platform? A B2B eCommerce platform is software that facilitates transactions between businesses.

Inventory Management Software

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What is SKU Rationalisation? Process, Benefits, Best Practices

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction

Liquidity Management: Importance, Risks, and Best Practices

Precoro

FEBRUARY 12, 2024

According to the 2022 Deloitte Global Treasury Survey , CFOs consider improving liquidity risk management to be a top priority for their treasury departments. But why is liquidity management so important? There’s a toolkit of metrics to help the treasury department understand the level of liquidity.

Optimal Sourcing

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Planning Software: Insights on User Satisfaction

Supply Chain Shaman

JULY 21, 2015

In my research, I answer questions like: Which technology systems drive the greatest satisfaction? How satisfied are users with supply chain planning technologies? While each technology provider wants the endorsement of their approach, I remain independent. How Happy are Planners with Their Software?

Supply Chain Planning Software

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Mass Customisation: What It Is and How Companies Are Using It

Unleashed

NOVEMBER 15, 2021

Mass customisation is also known as: Made-to-order Built-to-order Increasingly popular in the retail goods sector – but also used in the automotive, software and finance sectors – mass customisation allows customers to purchase a product that is more ‘them’. What about mass customisation in software?

Inventory Management Software

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Using Analytics to Manage Inventory

Silvon Software

MARCH 26, 2018

It’s true that inventory management is a challenge for both manufacturers and distributors. Each supply management issue that can arise has repercussions. For example, excess inventory can cause a decrease in product turnover and a loss of profits, while stock-outs can cause backorders, unhappy customers and lost sales.

Analytics

Analytics Inventory Reduction Inventory Metrics

Renegade Riposte

Supply Chain Shaman

FEBRUARY 22, 2015

I have been wanting to discuss the principles of the measurement system within the SCOR model. I responded, by saying that I believe that the SCOR model and the Gartner Hierarchy of Metrics reward functional behavior and improve functional outcomes. I get called frequently to talk to supply chain leadership teams about inventory.

Supply Chain Design Software

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10 Best Inventory Book for All Experience Levels

Supply Chain Opz

APRIL 15, 2015

What inventory book can help you to cut inventory costs? In this article, we will show you 10 best inventory book that readers at all levels can learn from. Inventory Management Overview Many people think inventory management is a clerical task but they're absolutely wrong.

Inventory Reduction

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Reverse Logistics: What is it, and Why is it So Important?

Unleashed

AUGUST 18, 2021

How can smart software assist your reverse logistics programme? Read more: Supply chain management explained: methods in modern business Returns needn’t harm your business – instead, you can benefit from reverse logistics. In a 2018 survey of 1000 shoppers , 89% said they have bought an item online and returned it.

Reverse Logistics

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How Logistics Planning Can Help Your Business

ShipBob

NOVEMBER 15, 2021

Through logistics planning, these systems and functions are evaluated for cost, optimized for efficiency, and designed to withstand unexpected challenges. Additional tools like free standard packaging, data and analytics, and our best-in-class software are included at no extra charge to help you stay on budget and plan your logistics.

Supply Chain Planning Software

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B2B Fulfillment Guide: Everything You Need to Know

Unleashed

APRIL 12, 2023

Outsmart your competition: Check out the Unleashed 2023 Supply Chain Management Guide. B2B fulfillment, also called business-to-business fulfillment, is when one business supplies inventory to another business or retailer, either to use within the business or for resale to their customers. What is B2B fulfillment?

Supply Chain Planning Software

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Turning Supply Chain Data into Business Intelligence

3PL Insights

AUGUST 16, 2021

Big data is only useful if you understand the metrics and can connect them to the important areas of your business. But how do we turn inventory management data and other key metrics into business intelligence? The account activity looks at inventory patterns. It also tracks the inventory turn rate.

Data

Data Supply Chain Optimization Supply Chain Material Savings

Navigating Your Migration to a Cloud-Based ERP Solution: Comprehensive Guide & Checklist

RFgen

JANUARY 18, 2024

Key topics include understanding cloud-based ERP systems , the benefits of migration , and a detailed pre-migration planning checklist. Training and support strategies are discussed to ensure a smooth transition, followed by monitoring and evaluation methods post-implementation to optimize system performance and align with business goals.

Supply Chain Planning Software

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Automated Data Collection Using Mobile Barcoding Software

RFgen

SEPTEMBER 19, 2019

The Amazon Effect continues to push supply chain companies to squeeze efficiencies out of existing operations through technology. To do this, companies are continuing to turn to technology like mobile barcoding to keep up with the blazing pace of digital demands. Automated Data Collection has many benefits in the Post-Amazon Age.

Supply Chain Software

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How to Improve Global Fulfillment in 2023

ModusLink Corporation

DECEMBER 13, 2022

Just-in-time inventory philosophies have fallen short and resulted in lost site supply for warehousing and distribution centers, and the post-COVID consumer is more conscious of their decisions. However, advanced warehouse management systems, voice picking, light picking, and robotics can help fulfillment houses do more with less labor.”.

Inventory Reduction

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Your Ultimate Guide to Walmart Luminate

Alloy

OCTOBER 3, 2023

An Introduction to Walmart Luminate Listen to the full episode of the Shelf Life Podcast on Walmart Luminate Walmart Luminate is the retailer’s new data, analytics and reporting tool for suppliers — and it represents a massive step forward in retailer-supplier collaboration. ” – Joel Beal, CEO and Cofounder @Alloy.ai

Procurement Analytics

Procurement Analytics Analytics Software Forecasting Software Predictive Analytics Software

Halal Cluster Network: Connecting regional halal clusters

The Logistics & Supply Chain Management Society

MAY 18, 2021

Digital technologies can increase visibility, collaboration, speed and responsiveness ? For those working on digitalization initiatives, the survey showed that only 25% are leveraging digital technologies to think outside the box and reinvent their foundational delivery model. Effective pricing and promotions management.

Supply Chain Network Software

Supply Chain Network Software Network Optimization Agile and Lean Supply Chain Modeling

New Survey Shows Many Organizations in a Holding Pattern With VMI Program Implementation

E2open

JULY 15, 2015

New Survey Shows Many Organizations in a Holding Pattern With VMI Program Implementation. In my experience, Vendor Managed Inventory (VMI) programs can be a win-win for customers and suppliers – provided it’s done well and the customer and supplier develop a mutually beneficial relationship. Wednesday 15 July 2015.

Survey

Survey Inventory Management Software Supply Chain Planning Software Forecasting Software

Automated Data Collection Using Mobile Barcoding Software

RFgen

SEPTEMBER 19, 2019

The Amazon Effect continues to push supply chain companies to squeeze efficiencies out of existing operations through technology. To do this, companies are continuing to turn to technology like mobile barcoding to keep up with the blazing pace of digital demands. Automated Data Collection has many benefits in the Post-Amazon Age.

Supply Chain Software

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Management Software

How customers use Alloy.ai

Alloy

APRIL 10, 2023

So you might wonder what these companies have in common and how they all find value in our data and analytics platform for consumer goods brands. Instead of wondering, we conducted a survey to collect some data. platform When it comes to user’s day-to-day work, one of the biggest benefits was speed. Users of Alloy.ai

Analytics Software

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Leveraging Software Solutions for Enhanced ERP and Inventory Performance

Inventory Management: Technology Enablers

Trending Sources

Inventory Optimization 101 – Smart & Effective Inventory Management

Beware the Swinging Pendulum on Supply Chain Inventory Practices

The Future of Inventory Management

Track the Supply Chain Metrics that Really Matter

Are you getting the most out of your inventory management process?

Supply Chain Performance Declined In the Last Decade. The Question is Why?

Inventory Management Levers – Success Through Collaboration

5 Trends Changing Supply Chains for the Better in 2024

Gaining Clarity on Inventory Effectiveness

3 Ways to Accelerate Your Inventory Management

3 Ways to Accelerate Your Inventory Management

The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Seven Misconceptions on Managing Inventory in a Market-Driven World

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Essential List of Logistics Acronyms and Abbreviations for Retailers

Supply chain inventory optimization – Beyond the analytics

Supply Chain Planning BPO: What’s Driving It and Should You Get On Board?

How We Stubbed Our Toe in The Evolution of S&OP

Why Have We Not Reduced Inventory?

How to Measure & Improve Manufacturing Efficiency

Supply Chain Planning BPO: What’s Driving It and Should You Get On Board?

What is OTIF? Meaning, Calculation, & How to Improve

Here’s Why B2B eCommerce Will Be So Important in 2022

What is SKU Rationalisation? Process, Benefits, Best Practices

Liquidity Management: Importance, Risks, and Best Practices

Planning Software: Insights on User Satisfaction

Mass Customisation: What It Is and How Companies Are Using It

Using Analytics to Manage Inventory

Renegade Riposte

10 Best Inventory Book for All Experience Levels

Reverse Logistics: What is it, and Why is it So Important?

How Logistics Planning Can Help Your Business

B2B Fulfillment Guide: Everything You Need to Know

Turning Supply Chain Data into Business Intelligence

Navigating Your Migration to a Cloud-Based ERP Solution: Comprehensive Guide & Checklist

Automated Data Collection Using Mobile Barcoding Software

How to Improve Global Fulfillment in 2023

Your Ultimate Guide to Walmart Luminate

Halal Cluster Network: Connecting regional halal clusters

New Survey Shows Many Organizations in a Holding Pattern With VMI Program Implementation

Automated Data Collection Using Mobile Barcoding Software

How customers use Alloy.ai

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