Restoring Control Over Strategic Sourcing and Inventory Management
Supply Chain Brain
JULY 26, 2023
To be able to respond quickly to future supply chain disruptions, companies need to embrace strategic sourcing and inventory management.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
Supply Chain Brain
JULY 26, 2023
To be able to respond quickly to future supply chain disruptions, companies need to embrace strategic sourcing and inventory management.
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. Days of Inventory Peer Group Across Time Periods.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.
Unleashed
JANUARY 14, 2024
Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing.
Advertisement
Managing disruption of any kind has become the #1 priority in supply chain operations. But, as leaders know, adapting to change is rarely a simple task and requires a fresh look at existing processes in planning and sourcing, inventory management, warehousing & distribution, and more.
SYSPRO Smarter ERP
DECEMBER 13, 2021
Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.
ModusLink Corporation
SEPTEMBER 7, 2023
Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.
ModusLink Corporation
SEPTEMBER 7, 2023
Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.
ModusLink Corporation
SEPTEMBER 7, 2023
Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices.
Unleashed
OCTOBER 16, 2023
Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?
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? Why not start with a free online call with one of our IM specialists?
The Logistics of Logistics
OCTOBER 30, 2023
Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization.
ModusLink Corporation
FEBRUARY 9, 2022
Inventory Management has always played a key part in any successful Supply Chain. Correctly managing inventory levels helps companies to swiftly adapt to unpredictable changes within the marketplace. Without adapting to the current demand, your winter jackets will become excess inventory overtime. Risk Management.
Taulia
JULY 14, 2022
Inventory management is the term used to describe the approach an organization takes to source, store, track, and sell inventory. For companies that have large volumes of inventory, it is usually advisable to use a dedicated system to manage inventory. What is an inventory management system?
SYSPRO Smarter ERP
FEBRUARY 2, 2022
Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices. Tracking issues.
Demand Driven Technologies
JULY 18, 2022
The decision to build a supply chain management system that responds flexibly to demand and market trends has always been both reasonable and far-sighted. Automated inventory management solutions like Intuiflow have become a must-have for manufacturers in an era of resource saving and focus on global.
ShipBob
JANUARY 28, 2022
Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management?
Supply Chain Game Changer
SEPTEMBER 15, 2021
Featuring Our 10 Best Inventory Management Articles! Inventory management is a holistic and logical methodology for handling both raw materials and finished products. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain.
TrackVia
MAY 25, 2023
Many companies are realizing the critical role that effective inventory management plays in streamlining warehouse operations and maintaining an edge over competitors. Check out how UC San Diego improved their inventory and asset management processes.
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. For Logistics the focus is on high inventory turns. For Management: a balancing strategy, etc…. Is there a common trend in inventory management?
RFgen
MAY 16, 2023
Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. That’s why most inventory handlers leverage data. The role of data analytics in optimizing inventory management processes has become increasingly important.
Supply Chain Game Changer
DECEMBER 9, 2020
The list is long: Inventory management is handled through your ERP Your product development team works through the PML Sales and marketing are housed in the CRM And it feels like half the company is still managing product data in spreadsheets. Inventory management starts with the fundamental in and out of your supply chain.
Supply Chain Opz
JUNE 23, 2014
Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. So sticking to simple methods always yield better results.
SYSPRO Smarter ERP
AUGUST 1, 2022
The details held within the BOM can be used with different sourcing policies to ensure you get the best product from the right supplier at the best price and availability, ensuring customer satisfaction and reduced costs. Here’s how BOM can help you manage your inventory. BOM within your ERP.
Unleashed
MARCH 8, 2023
Choosing the best inventory management software isn’t easy. This guide is designed to inform you which features are most important, the best time to invest in inventory software, and the costs you can expect to pay. Key considerations Manual management of inventory is time-consuming and prone to error.
EazyStock
JANUARY 27, 2021
2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. It’s a tough decision to make; distributors and sellers need to determine their priorities and what they can manage when choosing a supplier.
EazyStock
JUNE 23, 2022
This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it! This article explores some of the benefits of big data to inventory management teams.
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. It’s no longer a luxury but a necessity, a critical cog in the wheel of successful supply chain management and warehousing. billion each year.
Talking Logistics
OCTOBER 15, 2018
The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.
The Logistics of Logistics
JUNE 17, 2022
Jeff Flowers and Joe Lynch discuss why inventory is everything. In his last role at Bluelinx, Jeff was the General Manager of Metal Products Business Unit which generated $250M in revenue sourcing products from 17 different countries serving 18,000 SKUs to national, regional and local building products retailers.
Intelligent Audit
JULY 27, 2021
Supply and demand are two sides of the same coin, the vital coin of inventory management supply chain analytics. Without adequate inventory and supply to go along with capacity and demand, supply chain management will struggle to keep pace during peak seasons.
EazyStock
DECEMBER 13, 2020
Optimize Inventory. Start with a detailed overview of what inventory is currently in your supply chain. Having a transparent and detailed account of what inventory you are currently holding will help you optimize your inventory levels while allowing you to be responsive to market demand.
RFgen
MARCH 3, 2021
Next-gen ERPs, like Microsoft Dynamics 365 Supply Chain Management (D365), need high-quality data collection to function optimally. Mobile inventory solutions for D365 boost data accuracy, increase workflow efficiency and support digital transformation with barcode software. Microsoft Mobile Inventory Case Study.
Taulia
SEPTEMBER 9, 2021
Inventory management is an essential process for almost every type of business. Inventory is often the largest current asset and poor or ineffective management of stock can lead to large losses or in some cases, business failure. Yet the successful organization of inventory is not without its challenges.
Unleashed
FEBRUARY 14, 2024
Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. What are finished goods inventory?
SCMDOJO
MARCH 19, 2024
This is where the Life Cycle Inventory (LCI) comes into play. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications. What is the Life Cycle Inventory (LCI)? It includes determining the purpose of the study, the system boundaries (i.e.,
Clear Spider
MARCH 21, 2024
AI inventory solutions create more powerful and adaptive supply chains. Supply chain managers need to be able to cut through the noise of massive amounts of data with a powerful tool. One of the key drivers of supply chain resilience is the use of artificial intelligence and machine learning algorithms in inventory management.
EMERGE App
NOVEMBER 16, 2020
There are different ways for retailers to get and sell their inventory. The most common being where a retailer purchases their inventory and stocks it in their warehouse for the customers to buy. However, consignment inventory can be a risk-free option for the retailer. Why Use Consignment Inventory?
Vanguard Software
MAY 18, 2021
Digital platforms offer significant benefits over spreadsheets for inventory management. According to a Gartner survey, 95% of supply chain professionals have already invested in or plan to invest in modern inventory management solutions in the coming years. Shortcomings of Using Excel for Inventory Management.
Vanguard Software
MAY 18, 2021
Digital platforms offer significant benefits over spreadsheets for inventory management. According to a Gartner survey, 95% of supply chain professionals have already invested in or plan to invest in modern inventory management solutions in the coming years. Shortcomings of Using Excel for Inventory Management.
Logility
AUGUST 31, 2022
It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.
Logistics Viewpoints
FEBRUARY 14, 2024
Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent. Other critical functions include order management, manufacturing, and product development.
Logility
MARCH 21, 2024
During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.
RFgen
MARCH 3, 2021
Next-gen ERPs, like Microsoft Dynamics 365 Supply Chain Management, need high-quality data collection to function optimally. Mobile inventory solutions for Dynamics 365 Supply Chain Management boost data accuracy, increase workflow efficiency and support digital transformation with barcode software. Purchase Order Receiving.
Expert insights. Personalized for you.
Are you sure you want to cancel your subscriptions?
Let's personalize your content