ToolsGroup

JANUARY 15, 2024

BOSTON & LONDON — January 15, 2024 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite.

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Inventory Reduction ToolsGroup Waste Reduction Price Reduction 177

ToolsGroup

SEPTEMBER 13, 2023

The key lies in high performance inventory. Forward-looking supply chain professionals understand that inventory is not an end in itself; it’s a means – to enhanced customer service, increased profitability, and greater efficiency. What is High Performance Inventory?

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Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

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).

Optimal Sourcing 241

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 241

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

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Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

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.

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Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 93

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

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Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

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Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

GlobalTranz

NOVEMBER 11, 2020

Inventory has been subject to changing customers’ buying patterns. The post 5 E-Commerce Inventory Management Strategies to Know | VIDEO appeared first on Transportation Management Company | Cerasis. [link] While the supply chain speeds toward a record-breaking peak season, e-commerce is already at its breaking point.

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Inventory Reduction Inventory Management Video Supply Chain Strategy 177

ToolsGroup

MARCH 24, 2021

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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Modeling Optimization Software Inventory Reduction Network Optimization 270

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.

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Inventory Management Software Inventory Reduction Inventory Management Optimal Sourcing 294

ShipBob

OCTOBER 4, 2023

How you manage your inventory is a key factor that determines the efficiency, accuracy, and overall performance of your ecommerce operations. It involves closely tracking your inventory levels to replenish your stock at the right time and maintain inventory accuracy. What is inventory reduction? Let’s get started.

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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?

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Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 290

EazyStock

AUGUST 21, 2020

So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items.

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Inventory Reduction Cost Reduction Strategies Price Reduction Resource Reduction 52

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains. This article was originally written and published for DHL in January 2020 and focused on the trade wars and how to leverage opportunities for tariff reductions. Product strategies. without being subject to tariffs.

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Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

RFgen

APRIL 12, 2024

Managing inventory costs is a constant struggle. Managing inventory costs is important because high inventory costs can erode the bottom line. On the other hand, optimized inventory levels can enhance it. On the other hand, optimized inventory levels can enhance it. Next is the cost of storing the inventory.

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RFgen

MAY 10, 2023

The ability to control costs is critical for effective inventory management. Regaining control over your inventory can make your warehouse and shop floor more efficient. Greater efficiency helps reduce costs and improve profit margins, giving you the edge over competitors. Often, you will find room for improvement. or higher.

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Inventory Reduction Cost Reduction Strategies Price Reduction Vendor Strategies 52

SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. With LCI, businesses and individuals alike can make informed decisions, reduce their carbon footprint, and contribute to a greener future. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications.

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Inventory Reduction Analysis Material Savings Optimal Sourcing 89

RFgen

JULY 27, 2023

If you handle inventory, then you know that inventory must keep moving for the business to stay profitable. Warehouses must have a strategy for processing inventory during this time—aka, offline inventory control. To keep inventory flowing, they must work offline and asynchronously.

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Inventory Reduction Material Savings Waste Reduction Cost Reduction Strategies 76

CHAINalytics

OCTOBER 11, 2022

Do you have the correct inventory targets to optimize your investment in working capital? If you’re looking to free up funds or keep excess inventory to a minimum, here are some crucial elements you’ll need to keep top of mind. Inventory reduction is a hot topic right now.

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Arkieva

MAY 31, 2022

A lot of projects propose to deliver ROI through lower levels of inventory. Servicing the demand at desired service levels with lower inventory should save the company some money. The ROI of Inventory Reduction was first posted on May 31, 2022 at 10:30 am. But how, exactly?

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Inventory Reduction Inventory Supply and Demand Supply Chain Optimization 78

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.

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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.

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Inventory Management Software Inventory Management Inventory Reduction Inventory 261

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.

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Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 84

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. In this manufacturing inventory management guide What is manufacturing inventory management?

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Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Prophetic Technology

APRIL 27, 2021

Inventory Replenishment has to do with buying and moving inventory, whether raw materials or finished goods, from stockpile storage to primary storage and finally to the selling point.

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Inventory Reduction Material Savings Inventory Supply Chain Strategy 101

SCMDOJO

DECEMBER 14, 2023

Depending on the chosen manufacturing strategy (Make to Stock, Assemble to Order, Make to Order, or Engineer to Order), the delivery lead time may vary as follows: Access our blog “6 Reasons Why It Is Important to Understand Expected Customer Lead Time” at our website SCM DOJO! Cost Savings: Reduction in inventory holding costs.

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Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 80

EazyStock

FEBRUARY 17, 2021

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

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Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 75

Clear Spider

JULY 11, 2023

The right inventory management software will show you how to streamline fulfillment and, as a result, the shopping experience. Ultimately, getting a head start is an important consumer strategy that businesses should be aware of. It’s a crucial time to get the right strategies in place for optimizing your supply chain.

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Inventory Reduction Vendor Strategies Expense Reduction Price Reduction 97

ThroughPut

APRIL 5, 2024

Inventory is the backbone of the modern firm, and potentially its most important asset. Thus, effective inventory management is one of the crucial goals of modern-day businesses – and a critical element of supply chain management. What is Inventory Management?

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Inventory Management Software Inventory Management Inventory Reduction Inventory 52

Synovos

FEBRUARY 12, 2024

Demystifying MRO Inventory Optimization The goal of MRO inventory optimization is to utilize the products and materials held on or across sites as effectively as possible. Ensuring that you have what you need available when required helps eliminate excess stock and reduce inventory carrying costs.

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