Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

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

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

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?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. By ensuring on-time deliveries and minimizing stockouts, they can directly improve customer satisfaction.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Logistics Viewpoints

FEBRUARY 26, 2024

Cooper University Health Care Relies Upon Real-time Alerts to Improve Operations Cooper University Health Care, like most companies, struggled with their supply chain during COVID. The company bought a risk solution that provides real-time alerts to potential supply disruptions. But there was a cost to this.

Supply Chain Planning Software 248

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 248

Ware2Go

APRIL 20, 2023

Learn how to calculate inventory days on hand and how it can help improve cash flow and the overall efficiency of your business. Written by Phyllis Jackson What Is Inventory Days on Hand? Inventory Days on Hand is a measurement of how many days it takes a business to sell through their stock of inventory.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Optimization Software 52

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. DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

ShipBob

DECEMBER 13, 2023

The success of any ecommerce business depends greatly on how it manages its inventory health. Now, for some, inventory health may not be an immediate concern. You might say, “I’ll just order plenty of inventory and wait until it sells out.” What is inventory health?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Ware2Go

JANUARY 10, 2022

Should you change your supply chain procurement strategy in light of continuing supply chain disruptions? The 2021 holiday shopping season was characterized by high freight rates, elevated lead times , and over-crowded warehouses. Supply chain procurement strategies had long been favoring Just in Time procurement.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Price Reduction 52

Supply Chain Shaman

OCTOBER 13, 2022

I brace myself for a late flight for a 2:00 AM arrival as the clock ticks-an echo of time lost. The larger the organizational alignment issues, the longer the decision-making time. The gap between logistics and procurement; and logistics and customer service increases process latency. Today, I ended a 45-day speaking tour.

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

LevaData

FEBRUARY 14, 2022

The discussion around the state of the environment has been ongoing for quite some time. But these days, it's top-of-mind for sourcing and procurement professionals like never before. Sourcing- and Procurement-Specific Challenges. So, which techniques should sourcing and procurement leaders employ to manage these challenges?

Sourcing 80

Sourcing Procurement Supply Chain Planning Software Supply Chain Design Software 80

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Optimal Sourcing 59

Supply Chain Shaman

OCTOBER 19, 2022

The Quest to Use Real-Time Data. Real-time data surrounds the supply chain, often as streaming data. For this article, we will define real-time data as the availability of data and the usage within 15 minutes of the occurrence (writing or publishing from an input system). Definition of Time Horizons. The reason?

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies Real-time Visibility 195

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Supply Chain Shaman

JANUARY 31, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. The US GDP in 2021 grew at an unexpected rate of 5.7% Focus on Cost.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

SupplyOn

APRIL 23, 2020

SupplyOn Analytics links internal and external information – thus ensuring visibility and a robust, crisis-proof supply chain Planning, purchasing, logistics and transport management are traditionally separate processes, typically located in different departments. This is why many companies have set up Industry 4.0

Just-in-Time 40

Just-in-Time Procurement Analytics Predictive Analytics Analytics Software 40

Ware2Go

NOVEMBER 3, 2021

Learn how to calculate inventory days on hand and how it can help improve cash flow and the overall efficiency of your business. What Is Inventory Days on Hand? Inventory Days on Hand is a measurement of how many days it takes a business to sell through their average stock of inventory.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Optimization Software 52

GlobalTranz

OCTOBER 6, 2021

OTR freight represents a long-standing aspect of supply chain operations and transportation management. M odern transportation networks and supply chains continuously adapt to market volatility and transitions. Just a few years ago, many faced repeated price increases of more than 10-15 percent over .

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

AIMMS

OCTOBER 17, 2023

Sustainable supply chains are not just beneficial for society and the environment; they’re crucial for a business’s future prosperity. Regulatory Compliance: Governments worldwide are implementing stricter environmental regulations, making compliance not just an ethical obligation but a legal one.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Modeling Waste Reduction 156

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. . Latest Developments.

Inventory Management Software 52

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

GlobalTranz

SEPTEMBER 23, 2021

Talent shortages, especially limited drivers, will exacerbate the capacity crunch and result in shortages across warehousing and transportation simultaneously.? . Pent-up demand of customers and the strong predictions for another above-average peak season has put a unique burden on truckload and parcel transportation.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain Shaman

FEBRUARY 7, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. The US GDP in 2021 grew at an unexpected rate of 5.7% Focus on Cost.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Logistics Viewpoints

MARCH 2, 2023

I propose it’s high time we acknowledge the futility of the “new normal” conversation and put it to rest, once and for all. Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. Normalcy is no more. 17% went bankrupt, went private, or were acquired.

Waste Reduction 196

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 196

Logistics Viewpoints

NOVEMBER 28, 2022

Without this safety stock, planners need to scramble to try and figure out if there are alternative suppliers that might be able to provide the components they need in a timely well. That variability might be in the areas of manufacturing, distribution, or transportation capacity. Resilience is About Planning for Agility.

Supply Chain Planning Software 192

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 192

Logistics Viewpoints

DECEMBER 5, 2022

This involves a lot of long-haul transportation.” Those shipments can move directly to customers or move to several regional distribution centers (DCs) that serve as forward inventory locations and consolidation hubs servicing customers and channel partners. Molex ended up selecting a product from Infor Nexus – GT Nexus at the time.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

Supply Chain Matters

OCTOBER 12, 2022

contraction threshold which is noted as the first time this has occurred since the depths of the global pandemic in 2020. contraction threshold which is noted as the first time this has occurred since the depths of the global pandemic in 2020. Report authors indicated that the September decline was quite broad-based.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

SCMDOJO

APRIL 22, 2024

As recent times have shown us, political matters across the world can have an impact on shipping routes, thus affecting the prices of goods all around the world. As of today, these wait times have since been nullified but the pandemic has shown the world the importance of having a backup plan for when disaster strikes.

Inventory Reduction 77

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 77

Logistics Viewpoints

MARCH 8, 2021

Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. Belcorp’s Maturity in Supply Chain Design. Using this software effectively is about more than the functionality. Logistics can be a challenge.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 254

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

BlueYonder

MARCH 11, 2024

And not just any kind. Successful end-to-end retail integration hinges on leveling up inventory, ordering, commits, and omni-channel fulfillment with artificial intelligence (AI)-infused capabilities that effectively unlock “real-time supply chain” responsiveness to demand patterns. According to a study by PwC, 82% of U.S.

Supply Chain Planning Software 78

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Retail 78

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

Supply Chain Matters

DECEMBER 28, 2023

Background In various Supply Chain Matters blog commentaries, this supply chain technology industry analyst has raised awareness, perspectives and added focus to the critical importance of establishing synchronous processes and more timely decision making across an end-to-end supply chain network. All are very much interrelated.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Network Software Supply Chain Design Software Supply Chain Software 59

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

The HS code determines the tariff a product will incur at the time of import. Reclassification is one way to pay lower or no tariffs at the time of import. Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains. For instance, law firms and consultants in the U.S. Product redesign.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Supply Chain Shaman

SEPTEMBER 27, 2021

Unloading times are double and costs are triple. At the time, a functionally encased view of visibility was sufficient. We are making slow progress on transportation visibility, but not supplier visibility. Supply chain shortages abound. Today, more than 1% of the world’s container ships are stuck off major ports.

Supply Chain Planning Software 321

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 321

ThroughPut

SEPTEMBER 27, 2021

Demand-driven Inventory Replenishment Planning. A Demand-Driven Inventory Plan enlists both strategy and execution for resilience and profitability in the midst of economic upheaval. However, markets and vendors struggled to fulfill this demand the second time around. Internal Replenishment Triggers. Projected stock levels .

Inventory Reduction 52

Inventory Reduction Vendor Strategies Optimal Sourcing Modeling 52

QAD

NOVEMBER 16, 2023

Multiple times a day across the globe, a similar conversation takes place. Product packaging, especially in the consumer products universe is more than simply the vessel to hold the product and to protect it during transport. Many times, packaging gives a product its identity. It influences sales. It still is.

Packaging 95

Packaging Supply Chain Transformation Manufacturing Procurement Sustainability 95