Talking Logistics

AUGUST 23, 2018

The tariff situation has companies in a quandary as they debate whether to “load up” on inventory now — to ward off the impacts of potentially-higher tariffs on imported goods — or hold off for now and hope that the political environment calms and things get to back to “normal.” Sharpening Their Pencils.

Supply Chain Planning Software 101

Supply Chain Planning Software Inventory Demand Planning Software Supply Chain Software 101

Unleashed

JUNE 5, 2023

But if you’re on a tight budget, or you only deal with a handful of SKUs, the modern perpetual inventory method may be a little heavy for your basic needs. What is a periodic inventory system? A periodic inventory system is a method of accounting for inventory in which stock updates are made periodically.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

Unleashed

MAY 18, 2023

Consignment inventory is stock that is stored with the purchasing company (the consignee) rather than the selling company (the consignor). As you might imagine, this two-way relationship can lead to complications in consignment inventory accounting. What is consignment inventory? Any unsold items are returned to the consignor.

Journal 52

Journal Inventory Procurement Analytics Purchasing Skills 52

Cathy Roberson

SEPTEMBER 7, 2021

Despite supply chain costs increasing and available capacity almost a rarity, retailers are undertaking a variety of ways to make sure they receive their inventory in time for the ever-important holiday season. “We feel good about the composition of our inventory. It's been difficult to plan inventory flow with much precision.

Inventory Reduction 92

Inventory Reduction Inventory Retail Sourcing Strategies 92

Supply Chain Matters

JUNE 10, 2022

In our Supply Chain Matters commentaries focused on online customer fulfillment and especially the 2021 holiday fulfilment period, we cautioned retail and consumer goods supply chain management teams to be watchful for the bullwhip effect in inventory planning and replenishment needs to support expected customer demand.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply Chain Planning 52

SYSPRO Smarter ERP

DECEMBER 12, 2022

When an accounting transaction occurs, it is first recorded in the accounting system in a journal applying the same double-entry system that Luca Pacioli described more than 500 years ago. This journal updates the general ledger. When a transaction is processed in a sub-ledger, it is automatically allocated a sequential journal number.

Supply Chain Design Software 111

Supply Chain Design Software Predictive Analytics Software Supply Chain Planning Software System 111

Talking Logistics

JANUARY 9, 2019

With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works. during the third quarter to $7.21

Inventory Reduction 101

Inventory Reduction Inventory Warehousing Supply Chain Planning Software 101

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

ToolsGroup

JULY 19, 2023

The Italian consumer goods company applies ToolsGroup’s probabilistic forecasting and inventory optimization across its expansive network to enhance customer experience and business value. This automated, AI-powered solution includes Demand Planning & Forecasting and Inventory Optimization.

Supply Chain Planning Software 120

Supply Chain Planning Software ToolsGroup Supply Chain Planning Forecasting 120

Supply Chain Matters

AUGUST 22, 2022

In this Supply Chain Matters industry specific commentary, we make the observation that retail industry sales and operations planning and demand support teams, given the current state of recent business financial performance, need to up their game in supply network inventory management agility and added responsiveness. .

Inventory Management Software 52

Inventory Management Software Agile and Lean Supply Chain Inventory Management Inventory Reduction 52

Supply Chain Shaman

AUGUST 12, 2022

He was also unaware of how to measure Forecast Value-Added, the Bullwhip impact and the health of inventory. What is the role of the forecast, budget, market data, and inventory in the proposed project? Cover of the Supply Chain Shaman’s Journal, Published August 2022. These modeling concepts were new to him.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Modeling Modeling Software 195

Unleashed

JUNE 15, 2023

The Cost of Goods Sold formula is: Opening Inventory + Purchases + Production Costs – Closing Inventory = Cost of Goods Sold Below, we explain what the cost of goods sold (COGS) is, why it’s important for product businesses, and how to calculate COGS using the cost of goods sold formula. What is cost of goods sold?

Purchasing Skills 52

Purchasing Skills Negotiating Skills Examples Cost Reduction Strategies 52

Operations and Supply Chain Management

JANUARY 25, 2024

I thought you would be interested in the following story from The Wall Street Journal. Retailers Return to Bringing in Inventory ‘Just in Time’ Download the Wall Street Journal app here: WSJ. – Bob

Just-in-Time 40

Just-in-Time Journal Inventory Retail 40

Enterra Insights

AUGUST 15, 2023

The so-called “retail apocalypse” was deepened by the pandemic, then came inventory overload and inflation. Transforming Inventory Management. Young observes, “[In recent years, retailers have experienced] product shortages and overstuffed inventories in rapidly changing consumer markets. 6] Jeffrey J.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Optimization 130

Veridian Solutions

MAY 28, 2019

Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net , the costliest problem is due in large part to poor inventory visibility and planning. What Are the Most Common Inventory Management Mistakes? Neglecting inbound processes.

Inventory Management Software 66

Inventory Management Software Inventory Reduction Inventory Management Optimal Sourcing 66

RFgen

JULY 25, 2018

A well-run supply chain perfectly estimates the optimal amount of inventory. It can be difficult for companies to operate this way, and therefore many tend to overcompensate with higher inventory. Superfluous inventory can be reduced and even eliminated without impacting client satisfaction negatively with these tips: 1.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Inventory 52

RFgen

JULY 25, 2018

A well-run supply chain perfectly estimates the optimal amount of inventory. It can be difficult for companies to operate this way, and therefore many tend to overcompensate with higher inventory. Superfluous inventory can be reduced and even eliminated without impacting client satisfaction negatively with these tips: 1.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Inventory 52

Enterra Insights

AUGUST 23, 2022

Journalists from the Wall Street Journal explain, “When millions of locked-down Americans went online during the Covid-19 pandemic, it looked like the possible start of a permanent shift in consumer behavior. We have to figure out our workforce management and our talent, and our pricing and our systems and our inventory management.

Retail 130

Retail Supply Chain Planning Software Predictive Analytics Software Price Reduction 130

Enterra Insights

AUGUST 23, 2022

Journalists from the Wall Street Journal explain, “When millions of locked-down Americans went online during the Covid-19 pandemic, it looked like the possible start of a permanent shift in consumer behavior. We have to figure out our workforce management and our talent, and our pricing and our systems and our inventory management.

Retail 130

Retail Supply Chain Planning Software Predictive Analytics Software Price Reduction 130

Supply Chain Matters

DECEMBER 28, 2023

However, in its reporting, The Wall Street Journal cited retail industry analysts as observing that shoppers continued to hold out for the best bargains with Saturday, December 23 as likely being the largest shopping day, topping that of Black Friday. All rights reserved. The post Initial Estimates of U.S.

Forecasting 52

Forecasting Apparel Inventory Reduction Supply Chain Strategy 52

Supply Chain View from the Field

AUGUST 28, 2013

Historically, businesses have used one of two extremes for inventory management: push-based or pull-based. Push-based inventory management uses demand forecast to manage inventory and replenish from the supply base. The pull-based method relies on the ability to replenish the “pulled” demand.

Vendor Strategies 76

Vendor Strategies Inventory Reduction Inventory Supply Chain Planning Software 76

Operations and Supply Chain Management

DECEMBER 2, 2022

I thought you would be interested in the following story from The Wall Street Journal. Retailers Embrace Higher Inventories. Download the Wall Street Journal app here: WSJ. – Bob.

Journal 40

Journal Inventory Retail 40

Supply Chain Matters

FEBRUARY 25, 2022

merchants held a total of nearly $643 billion in inventories, described as being below pre-pandemic level, while the closely watched inventory to sales remained near its lowest point in 30 years. West Coast ports currently averaging over 100 days, more inventory is sitting on ships and not able to be sold. All rights reserved.

Supply Chain Planning 40

Supply Chain Planning Inventory Manufacturing Procurement Supply and Demand 40

DAT Solutions

JULY 30, 2015

Jeff Tucker 's guest column in yesterday's Wall Street Journal pointed to the pivotal role of technology, including DAT Load Boards , in freight logistics today. Jeff also highlighted the contribution of freight brokers to the efficient movement of cargo.

Logistics Network Optimization Software 70

Logistics Network Optimization Software Journal Predictive Analytics Software Supply Chain Software 70

Logistics Viewpoints

OCTOBER 1, 2022

Fabric, a warehouse automation/robotics solution provider and third-party operator of micro fulfillment centers, is reported by the Wall Street Journal to be cutting its workforce and shifting its business strategy as grocers and retailers shift their focus to automated fulfillment operations inside stores.

Logistics Network Optimization Software 210

Logistics Network Optimization Software Inventory Reduction Supply Chain Software Logistics 210

Enterra Insights

NOVEMBER 30, 2021

”[4] The editorial team at the Wall Street Journal adds, “Omicron’s mutations appear to make it more transmissible and may allow it to evade some of the vaccine immune response. ” What the Wall Street Journal team doesn’t want to see is more lockdowns. But this has also been true of other variants.

South Africa 130

South Africa Pharmaceutical Supply Chain Planning Software Supply Chain Strategy 130

NC State SCRC

DECEMBER 15, 2022

In today’s Wall Street Journal , I was interviewed regarding a case that was just filed against Amazon by a large robotics , claiming that the e-commerce giant backed away from promises made early in the Covid-19 pandemic to support the supplier with millions of dollars in new purchases.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Manufacturing Procurement 52

Unleashed

MAY 14, 2023

Although it’s normal for product-based businesses to have some level of inventory shrinkage, it must be kept under control. We’ll discuss everything you need to know about inventory shrinkage, how it pertains to inventory accounting , and 10 effective strategies for preventing or reducing inventory shrinkage.

Inventory Reduction 52

Inventory Reduction Journal Inventory Inventory Management Software 52

RFgen

SEPTEMBER 7, 2018

Enterprises in the retail space can make headway here by implementing an out-of-the-box inventory methodology that transforms storefronts into miniature fulfillment centers. Standardized inventory management strategies commonly used in fulfillment centers can add structure to storefront operations and facilitate data-driven flexibility.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Resource Reduction Inventory Management 52

RFgen

SEPTEMBER 7, 2018

Enterprises in the retail space can make headway here by implementing an out-of-the-box inventory methodology that transforms storefronts into miniature fulfillment centers. Standardized inventory management strategies commonly used in fulfillment centers can add structure to storefront operations and facilitate data-driven flexibility.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Resource Reduction Inventory Management 52

Operations and Supply Chain Management

JULY 25, 2022

I thought you would be interested in the following story from The Wall Street Journal. Inventories Mess Up Data, Planning. Download the Wall Street Journal app here: WSJ. – Bob.

Journal 40

Journal Inventory Data 40

Unleashed

JANUARY 11, 2023

And every time this happens, an inventory write-off is necessary. Link Reporting Co-founder and all-round accounting expert, Will McTavish, explains what inventory write-offs are, why they matter, and how to conduct one. In this guide to inventory write-offs: What is an inventory write-off?

Inventory Reduction 96

Inventory Reduction Inventory Expense Reduction Cost Reduction Strategies 96

Operations and Supply Chain Management

MARCH 23, 2023

I thought you would be interested in the following story from The Wall Street Journal. Freight Rebound Hopes Are Fading Under an Inventory Glut Download the Wall Street Journal app here: WSJ. – Bob

Journal 40

Journal Freight Inventory 40

Operations and Supply Chain Management

NOVEMBER 8, 2021

I thought you would be interested in the following story from The Wall Street Journal. Business Grapples With Inventories. Download the Wall Street Journal app here: WSJ. – Bob.

Journal 40

Journal Inventory 40

Logility

MARCH 2, 2011

I also have an article set to appear in the Journal of Business Forecasting as well as a whitepaper on the topic, What You Need to Know About the New Collaborative VMI. This is clearly a subject area, similar to S&OP and inventory optimization , that is top of mind for many industry leaders. What benefits have you realized?

Vendor Strategies 100

Vendor Strategies Inventory Reduction Inventory Forecasting 100

Supply Chain Matters

FEBRUARY 22, 2024

based retailers would provide the best indicators of retail industry customer fulfillment trends including various changing strategies in inventory management and customer fulfilment efforts, along with restoring higher profitability levels. Inventory Management The retailer reported inventory declines of 4.5

Inventory Reduction 52

Inventory Reduction Procurement Analytics Negotiate Pricing Purchasing Skills 52

RFgen

AUGUST 31, 2016

Specifically, Cook will serve as the senior vice president of global logistics, inventory allocation and replenishment. ” According to the Wall Street Journal, customer behavior is changing , and Target is looking for ways to keep up. Why Inventory Management Matters. Details on Cook.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Management Supply Chain Planning Software 52