95% of FMCG retailers say inventory optimisation is top priority for 2021

Manufacturing & Logistics IT

Symphony RetailAI, the provider of integrated AI-enabled marketing, merchandising and supply chain solutions for FMCG retailers and manufacturers, has announced findings from its Category Planning & Assortment Optimisation Executive Survey, conducted in partnership with Incisiv.

Inventory Management in a High Inflation Environment

Logistics Viewpoints

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.

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Beware the Swinging Pendulum on Supply Chain Inventory Practices

Logistics Viewpoints

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.

4 Easy Steps to Inventory Improvement

Logistics Bureau

Effective inventory management can be a constant struggle for most organizations. So here is a simple 4 step process to check your inventory health and improve it! A Concise Guide to Inventory KPIs for Your Business. 3 Common Inventory Management ‘Sins’—And How to Avoid Them.

Perfect Your Back-to-School Strategy with End-to-End Ocean Visibility

Speaker: Mark Delaney and Steve Dowse

In this webinar, we discuss key challenges in product availability, ways to create agility in your supply chain operations despite ocean disruptions, and how end-to-end ocean visibility can mitigate key retail concerns this back-to-school season and beyond.

Planning to Win: Optimizing Inventory to Meet Business Objectives

ToolsGroup

Optimization is peak efficiency, using the perfect balance of inventory and resources to service customer demand without incurring any unnecessary costs or waste. Optimizing is meaningless without an inventory optimization objective. What’s Wrong with ABC Inventory Classification ’ .

Third-Party Logistics Services & 3PLs Explained

GlobalTranz

Many shippers have realized that working with a third-party logistics provider (3PL) leads to more efficiencies and cost savings. There are a variety of third-party logistics services available, making it particularly important to choose the right one. Project Logistics.

Forestry Materials Concern Optimises Inventory, Improving Service Levels and Recovering Capital

CHAINalytics

Visibility into the supply chain was the chief priority … The post Forestry Materials Concern Optimises Inventory, Improving Service Levels and Recovering Capital appeared first on Chainalytics.

A Concise Guide to Inventory KPIs for Your Business

Logistics Bureau

Every article we publish covering logistics and supply chain KPIs piques our website visitors’ interest and receives a wealth of positive feedback. As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post.

Deborah Dull on Inventory Thinking and How to Improve It

Logistics Bureau

Having published two of the interviews already in the last few weeks, I’ve gone ahead and written up the final one for you, in which Deborah talks about some key things that supply chain professionals get wrong when dealing with inventory. Every single thing you see is inventory.

FAQ: Third-Party Logistics Services & 3PLs

GlobalTranz

FAQ: Third-Party Logistics Services & 3PLs. What role do 3PLs play in the greater logistics industry? Logistics and transportation operations are an essential part of the supply chain process. What logistics services and modes do 3PLs offer?

The 10 Most Crucial Inventory Performance Measures for SMEs

Unleashed

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management?

Above the Fold: Supply Chain Logistics News (May 13, 2022)

Talking Logistics

Read more Above the Fold: Supply Chain Logistics News (May 13, 2022). The post Above the Fold: Supply Chain Logistics News (May 13, 2022) appeared first on Talking Logistics with Adrian Gonzalez. It’s Friday the 13th. The Dow Jones Industrial Average is down 13.3% year to date.

Inventory Optimisation: How Much Stock is Right for Your Company?

Logistics Bureau

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”.

Inventory Management & Supply Chain Responsiveness

ModusLink Corporation

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. Storing these jackets/tending to them and selling excess inventory etc.,

Inventory Replenishment Underway

Logistics Trends and Insights

Census Bureau inventory data, for June, indicates the need for inventory replenishment as the seasonal-adjusted sales to inventory ratio declined to 1.37 Total business inventories declined 2.3% for June/May while inventories declined 5.8% Inventory Replenishment.

Five Advanced Technologies That Are Revolutionizing Logistics

Logistics Viewpoints

Already upended for two years by the COVID-19 pandemic, the worldwide logistics industry is facing new challenges. If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges.

What is Reverse Logistics?

GlobalTranz

What is reverse Logistics? Before we dive in the nuances of reverse logistics, otherwise known as return logistics, integration, let's briefly recap what reverse logistics is. Reverse logistics refers to all operations related to the reuse of products and materials.

Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

GlobalTranz

Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. Staying Strategic in the Warehouse with Better Inventory Flow. Throughout the entire order fulfillment process, companies have a duty to ensure optimum warehouse efficiency by appropriately controlling inventory flow. Warehouses should also consider implementing these best practices to ensure effective warehouse management and maintain control and flow of inventory.

Drone-Powered Digital Inventory

PINC

Even though 90% of inventory is stationary in the supply chain, according to industry experts, inventory accuracy at distribution centers, warehouses, and plants ranges from 89% to 99% *. That’s because most of the inventory management process is still a manual activity. innovation inventory robotics Logistics Viewpoints warehouse drones

Inventory Management in Service Logistics Industry

Talking Logistics

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain. Inventory Management is a function that should always be in sync with your supply chain strategy and in turn depends on your overall business strategy. What does it mean for inventory?

Why Is Promotion Planning Important In Inventory Management?

Logistics Viewpoints

Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep. Therefore intelligent inventory management benefits the business results as well as the brand image. .

REPOST: 5 Trends Shaping Logistics with Ben Gordon

The Logistics of Logistics

5 Trends Shaping Logistics with Ben Gordon. Ben Gordon and Joe Lynch discuss 5 trends shaping logistics and supply chain. In the interview, Ben reviews and discussed trends and interesting companies in ecommerce, final mile, cold chain, reverse logistics, and fulfillment.

What is Inventory Management?

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory makes the world go round. Trillions and trillions of dollars of inventories exist all over the world in every conceivable form and in every conceivable channel. What is Inventory Management ? Subscribe Here!

Improving the Transportation Solve: Jointly Optimizing across Inventory and Transportation

Logistics Viewpoints

Food & Beverage Industry Inventory Management Logistics Outsourcing Supply Chain Optimization Transportation Management Systems inventory Mananged Transportation optimization TMSWhen a company is looking to reduce their freight spend, while maintaining or improving service levels, there are two main paths they can take. They can buy and implement a transportation management system (TMS).

Lean Inventory: Using Lean Initiatives To Manage Inventory

GlobalTranz

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Flow: Understand how inventory flows in your warehouse and apply Lean principle: 5S to clear any obstacles that do not add up.

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How Barcode Scanning Can Revolutionize Your Inventory Management

DELMIA Quintiq

New processes and innovations continue to reinvent the world of logistics. Implementing something as simple as barcode scanning can completely transform your inventory management system. inventory optimization and management.

Inventory, And Logistics Management In The UAE

Vinculum

Perhaps you already have a brick-and-mortar business, but you’re having trouble synchronizing your inventory and orders? It’s not just about speeding up inventory turnaround; it’s also about synchronizing your orders, inventory, and logistics.

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Inventory Checks Powered By Drones

PINC

Drones are enabling organizations to use employees more efficiently and improve inventory accuracy in a world where consumers want everything cheap and now. logistics innovation digital supply chain inventory drones inventory robotics

11 Inventory Management Best Practices

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Use ABC Analysis to Categorize Your Inventory. Guest Blog Post Inventory Managemen

The Inventory Accuracy “Confidence Gap”

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: 5 Key Insights to Improve Inventory Performance for 2019 ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.

BGSA Conference Follow-Up & Inventory Tracking Systems Evolution

SphereWMS

I was one of more than 220 CEOs in attendance from all corners of the transportation, logistics and supply chain sector. Inventory Tracking Systems Transportation & Logistics Blog

SKU Optimization: Work Smart, Not Hard To Optimize Inventory

ThroughPut

SKU Optimization: Work Smart, Not Hard To Optimize Inventory. Are you still spending hours on hours sorting through your inventory list and still getting nowhere? And more than that, it’s time to rethink your inventory strategy for the better. Looking to reduce inventory costs?

What is Reverse Logistics and How Is It Different than Traditional Logistics?

GlobalTranz

Many people associate reverse logistics to simply cover returns, but it is much more broad than that. Meanwhile, reverse logistics is growing more complex. Regardless and most importantly, reverse logistics will always form a vital function of any supply chain.

Using Inventory Modeling to Develop a Holistic Inventory Strategy

Logistics Viewpoints

Top supply chain officers across the industry were recently surveyed¹ on their biggest barriers to effective inventory management. It’s no wonder: often inventory placement decisions are made in a vacuum without considering the end-to-end supply chain impact. How do you predict how much inventory to build when you can’t […]. Their top two responses were “Can’t Optimize Network Holistically” and “Demand Volatility”.