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?

Inventory Reduction 290

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

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

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case procurement strategies. At that time, 31% had raised prices on end consumers to offset the negative impact. What is just-in-time procurement?

Just-in-Time 52

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 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.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

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.

Inventory Reduction 77

Inventory Reduction Material Savings Waste Reduction Cost Reduction Strategies 77

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.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

EazyStock

FEBRUARY 28, 2022

For years companies have operated a just-in-time (JIT) supply chain model, only ordering stock items when necessary and carrying minimal inventory to reduce carrying costs. This has seen a switch to just-in-case (JIC) inventory management as companies raise their stock levels to avoid the risk of running out.

Just-in-Time 52

Just-in-Time Inventory Reduction Waste Reduction Cost Reduction Strategies 52

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.

Inventory Reduction 78

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 78

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

Supply Chain Shaman

MARCH 21, 2024

At the time, many business leaders did not know how to type and had no idea how to use a computer. Taxonomy of Outside-in Planning Based on the Art of the Possible To accomplish this goal, we need to discard the current crawl, walk, and run models and just jump. During the 1980s, I was on a management team for a large manufacturer.

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

Supply Chain Brain

SEPTEMBER 2, 2021

The snarls that finally toppled one of the world’s best-maintained supply chains have sparked deeper questions about whether the auto industry’s strategies to prioritize efficiency and maintain minimal inventory will endure in the post-pandemic world.

Just-in-Time 110

Just-in-Time Supply Chain Strategy Inventory Reduction Supply Chain 110

ivalua

NOVEMBER 26, 2020

Supply Chain Strategies: What the Pandemic Has Taught Us So Far? In a blog at the very start of the COVID-19 outbreak when confirmed cases had just exceeded 40,000, we discussed the considerations for organizations facing the outbreak. This is apparent in the transformation from a low-cost strategy to a resilience model.

Sourcing Strategies 264

Sourcing Strategies Material Savings Cost Reduction Strategies Inventory Reduction 264

ThroughPut

JUNE 2, 2020

What is Just-in-time Manufacturing? Just-in-time (JIT) manufacturing is described as a production model in which products and services are produced to meet specific demand and not necessarily created in surplus, in deficit, or in advance of actual need. How does JIT Manufacturing differ from Traditional Manufacturing?

Just-in-Time 52

Just-in-Time Inventory Reduction Inventory Management Software Waste Reduction 52

RFgen

MAY 26, 2023

In the world of inventory management, stockouts and overstocking can be detrimental to business success. To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. Overstocking occurs when a business has too much inventory on hand.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52

ThroughPut

JUNE 2, 2020

What is Just-in-time Manufacturing? Just-in-time (JIT) manufacturing is described as a production model in which products and services are produced to meet specific demand and not necessarily created in surplus, in deficit, or in advance of actual need. How does JIT Manufacturing differ from Traditional Manufacturing?

Just-in-Time 52

Just-in-Time Inventory Reduction Inventory Management Software Waste Reduction 52

ToolsGroup

FEBRUARY 10, 2022

Demand shaping is a supply chain strategy that utilizes tactics such as price and promotion incentives, product substitutions and cost modifications to entice customers to purchase specific items. All of these activities speak directly to the benefits of demand shaping which include increased revenue, increased exposure and reduced inventory.

Inventory Reduction 156

Inventory Reduction Modeling Price Reduction Waste Reduction 156

ToolsGroup

MARCH 28, 2024

Pace first saw the value of the ToolsGroup solutions at the time when he was CEO of PittaRosso, another large Italian retailer of shoes, an experience which has eventually been published as a Harvard Business School case study. Within just two months of adopting ToolsGroup’s AI-driven solution, PittaRosso experienced a remarkable +14.3%

Italy 156

Italy ToolsGroup Inventory Reduction Price Reduction 156

ThroughPut

APRIL 5, 2024

Inventory is the backbone of the modern firm, and potentially its most important asset. It can affect production, sales, turnaround time, customer satisfaction and even profitability. Thus, effective inventory management is one of the crucial goals of modern-day businesses – and a critical element of supply chain management.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

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. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

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 Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

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 Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

Logility

AUGUST 31, 2021

However, inventory optimization for beverage brands can help these organizations overcome such challenges with greater ease and speed. Understanding the current state of these critical supply chain dimensions is not just limited to surviving and thriving in a pandemic. Tactical and strategic inventory modeling.

Modeling 130

Modeling Beverage Inventory Reduction Supply Chain Optimization 130

Unleashed

MAY 15, 2023

Wholesalers and manufacturers need effective B2B strategies to sustain business growth and beat the competition. From targeted email campaigns to inventory management integrations, we’ll outline how you can develop strong B2B CRM strategies to improve business performance and achieve predictable growth.

Inventory Reduction 105

Inventory Reduction Sourcing Strategies Waste Reduction Manufacturing Procurement 105

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?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Now there are forces arguing for a return to a just-in-case approach. Why inventory management is important. Active inventory management is a major contributor to manufacturing success.

Inventory Management Software 122

Inventory Management Software Inventory Management Inventory Reduction Sourcing Strategies 122

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.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

Logility

APRIL 28, 2020

The real problem, however, was inventory. The client had a warehouse full of old stock that had been sitting unwanted for years , and there wasn’t enough room to accommodate the inventory that they were selling. . What is the right inventory level for your business? Categorize your inventory. 1 Spring clean .

Inventory Management Software 156

Inventory Management Software Inventory Reduction Inventory Management Inventory 156

My Office Apps

JANUARY 22, 2024

Out with the Old, In with the Efficiency: Choose the Right Inventory Management Software for a Profitable New Year As the confetti settles and resolutions take flight, it’s the perfect time to give your business a refresh. But navigating the vast options of Inventory Management Software (IMS) can feel daunting.

Inventory Management Software 82

Inventory Management Software Optimization Software Forecasting Software Supply Chain Planning Software 82

Logility

APRIL 20, 2022

And they’ve had little to no time to recover from raw material and labor shortages, supplier and factory failures, transportation delays, and rising costs while encountering unpredictable demand. Feeling overwhelmed? You’re not alone. Since 2019, nearly 70% of supply chain leaders have been constantly responding to disruption.

Sourcing Strategies 130

Sourcing Strategies Material Savings Vendor Strategies Inventory Reduction 130

Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. At the same time, there were product and services market opportunities that were created. Background. Business Model.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

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? In other words, it will be different for every enterprise or organisation.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

Unleashed

FEBRUARY 8, 2024

Effective inventory tracking is a critical component of inventory management. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. What is inventory tracking? It helps to reduce inventory shrinkage and loss.

Inventory Management Software 52

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

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

ModusLink Corporation

OCTOBER 27, 2021

Synergy is a core element present in many successful manufacturing strategies. The synergy effect within a business is the result of mutual interaction between two individual company elements, usually achieved by executing a specific strategy. There are many different manufacturing strategies. Different strategies.

Waste Reduction 78

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 78

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. But how do you reduce inventory costs and maximize profit margins? Cutting Costs: Strategies for Reducing Inventory Costs 1. or higher.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Vendor Strategies 52

ShipBob

NOVEMBER 24, 2023

The root of many inventory management challenges lies in treating all stock equally—when in reality, each item should be assessed and segmented individually. This is where inventory segmentation can help. It’s a strategy that categorizes inventory based on factors like demand patterns, lead time, value, and more.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Sourcing Strategies Inventory Management Software 52

Supply Chain Game Changer

JUNE 30, 2022

The Importance of a Strong Supply Chain and Logistics Strategy! For a supply chain to run smoothly it needs to be well managed under the right strategy for your business objectives. Below are three building blocks of a well-managed supply chain strategy to help you boost efficiency and lower costs. Demand Planning. Visibility.

Inventory Reduction 78

Inventory Reduction Vendor Strategies Cost Reduction Strategies Supply Chain Strategy 78