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.
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Inventory Management: We Can Do Better
Supply Chain Shaman
JUNE 12, 2020
In my day-to-day work in supply chain management, I find more encounter more opinions than facts. …most discussions are fueled by over-zealous and self-serving marketing programs. Downsizing inventories over the past decade crippled the response.” Days of Inventory Peer Group Across Time Periods.
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Regaining control: Inventory management best practices (Part four)
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.
Inventory Management & Supply Chain Responsiveness
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.
A Supply Chain Leader’s Guide to Managing Disruption With Modern Analytics
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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.
Leading Inventory Attack Teams with Richard Lebovitz
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. acquired by SAP).
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Supply Chain Resilience. Really?
Supply Chain Shaman
DECEMBER 7, 2023
Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Background The Council of Supply Chain Resilience met for the first time this month. What is supply chain resilience? The reason?
Inventory Management Best Practices for Tech Companies: Knowledgeable Insights by ModusLink
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. They represent distinct facets of the broader logistics and operations landscape.
Inventory Management Best Practices for Tech Companies: Knowledgeable Insights by ModusLink
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.
Inventory Management Best Practices for Tech Companies: Knowledgeable Insights by ModusLink
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. They represent distinct facets of the broader logistics and operations landscape.
Manufacturing Inventory Management: The Manufacturer’s Guide
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.
Re-imagining inventory management for a new normal
SYSPRO Smarter ERP
DECEMBER 13, 2021
Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Why inventory management is important. Active inventory management is a major contributor to manufacturing success. Inventory in the supply chain process.
Inventory Management Excellence: Some Companies to Learn From
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?
2021 Supply Chain and Inventory Management Trends
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. Resiliency is now the name of the game for supply chains. Automation. Focus on eCommerce. Automation.
Raw Material Inventory Management: Manufacturer’s Guide
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?
What you can gain with an inventory management system
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?
How AI is transforming manufacturing Part 2: Inventory management
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.
6 Ways AI Empowers End-to-End Decision Automation in Supply Chain
Logistics Viewpoints
JANUARY 18, 2024
Consequently, everyone asserts they are utilizing AI, and those in the supply chain world are no exception. How will it address “the world hunger problem” in supply chains, particularly in the context of supply chain planning? However, the question remains: how?
5 Reasons to Automate Inventory Management
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.
5 Inventory Management Tips for Manufacturing SMBs!
Supply Chain Game Changer
SEPTEMBER 15, 2021
Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Inventory management is a holistic and logical methodology for handling both raw materials and finished products. Why is Inventory Management Important for Manufacturing SMBs? Subscribe Here!
Inventory Management in Service Logistics Industry
Talking Logistics
SEPTEMBER 4, 2018
What is Inventory Management? The answer varies from function to function in the supply chain. 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. What does it mean for inventory?
Conquer Inventory Challenges in the Era of Supply Chain Disruption
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 Management KPIs: Tracking What Matters Most
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?
2021 Strategies for Inventory Management and Supply Chain Recovery
EazyStock
DECEMBER 13, 2020
You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. With that said, how can you keep your supply chain running as smoothly as possible in the meantime? The best way to safeguard your supply chain will be by building resilience into your operations. Optimize Inventory.
TrackVia’s Exceptional Inventory Management Capabilities
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.
Inventory Management vs Product Information Management (PIM)
Supply Chain Game Changer
DECEMBER 9, 2020
Subscribe to Supply Chain Game Changer. What is Product (or Master) Data Management? The following Product Information Management (PIM) article was written by guest author Alex Borzo, a content contributor at Amber Engine , a software company passionate about eCommerce. And, of course, inventory. Subscribe Here!
Data Analytics: The Secret Ingredient to Efficient 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. But as supply chains continue to get more complex each year, delivering on target and on time becomes more difficult. That’s why most inventory handlers leverage data.
The role of a Bill of Materials in optimizing your inventory management
SYSPRO Smarter ERP
AUGUST 1, 2022
Ongoing challenges in the supply chain, such as shortages caused by increased demands and the shutting down of some factories, continue to affect manufacturing businesses even to this day. Accurate BOM improves inventory flow, and material planning, giving a business the unique competitive advantage it requires.
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Editor’s Choice: What Supply Chains Must Overcome to Deliver on the Consumer Promise
Logistics Viewpoints
OCTOBER 12, 2023
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article is from Michael Balint at Solvoyo and looks at the fresh produce supply chain. To read the article, click HERE.
Unlocking the Power of Inventory Control Techniques
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.
Big data and inventory management
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.
10 Commandments of Inventory Management
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.
Don’t Take a Holiday from Inventory Management
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.
2024: Planning for Success Amid the Uncertainty
Logistics Viewpoints
FEBRUARY 14, 2024
However, it’s only early February 2024, and we already have several major disruptions impacting supply chains. This is an important time for the supply chain profession. Supply chains are in the news, on governments’ agendas, and in the spotlight. For more information on the research, click here.
Design Supply Chains for the Unpredictable with a Dynamic Inventory Management System
Stord
MARCH 26, 2020
By leveraging a flexible inventory management system that operates on a cloud-based software so you can respond quickly to customer and business needs. What can a dynamic inventory system do? When inventory counts and movements are tracked through emails and spreadsheets, it’s easy to lose sense of which SKUs are where.
Supply Chain Department – A Typical Structure
SCMDOJO
MARCH 19, 2024
In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.
Inventory is Everything with Jeff Flowers
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.
Best Inventory Management Software for Your Business: Key Features & Considerations
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.
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.
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Your Must-Have Gartner Debrief: The 4 Key Takeaways from Gartner Supply Chain Symposium/Xpo 2023
ToolsGroup
MAY 16, 2023
Gartner Supply Chain Symposium/Xpo 2023 has wrapped up its 3-day event in Orlando, Florida. Featuring over fifty Gartner experts and more than 140 research-driven sessions, this year’s conference gathered over 3,700 supply chain professionals from across North America and beyond.
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Peak Season Inventory Management and Fulfillment Strategies
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.
Mobile Inventory Management Solutions for Microsoft Dynamics 365 Supply Chain Management
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.
Mobile Inventory Management Solutions for Microsoft Dynamics 365
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.
Supply Chain Forecasting with AI
ThroughPut
APRIL 15, 2024
Fortunately, a solution is emerging that not only relieves these pains but also transforms them into competitive advantages: AI forecasting, a paradigm shift in supply chain management. AI in supply chain forecasting is a game-changer. What is Supply Chain Forecasting?
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