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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.

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Using Logistics Software Solutions to Manage Inventory in a Downturn

C3 Solutions

Yard Management Dock Scheduling All Articles optimization Supply Chain and Logistics Technology warehouse optimization Scalability“Winter is coming.”

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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.

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TMS+: Go Beyond Transport to Optimize Cost, Service, & Resiliency

In the aftermath of the pandemic, supply chain inadequacies have been revealed in a new light. In order to thrive, companies need to take a more synchronized approach. Learn why a holistic “TMS+” approach is integral to success in the new normal and beyond.

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The Renewal Logistics Story with Courtney Folk

The Logistics of Logistics

Courtney Folk and Joe Lynch discuss the Renewal Logistics story. Courtney is the Co-Founder and CEO of Renewal Logistics , a full-service apparel fulfillment company that is the largest independent apparel restoration company in the US. Logistics Podcast Supply Chain Technology

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Seasonal Inventory and 7 Ways to Manage It Effectively

ToolsGroup

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Optimize Your Inventory.

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9 Barriers to Optimal Inventory and How to Break them Down

Logistics Bureau

Too much inventory in your distribution network? Inventory costs too high? These are all pervasive issues for supply chain operators worldwide—and are classic symptoms of suboptimal inventory performance. Inventory Optimisation: A Clarification.

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Top 15 Logistics Stories of 2022

Logistics Viewpoints

Unlike some of the other trends articles we have covered at Logistics Viewpoints, which take a deeper dive into technology and application specific trends, this article looked at the top trends executives need to be paying attention to before their strategic planning meetings commence.

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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.

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Enabling Assurance of Supply in the Global Marketplace

Speaker: Adrian Gonzalez, Tom Nightingale, and Martin Verwijmeren

Watch this insightful conversation about enabling assurance of supply in the global marketplace to better balance inventory and control costs.

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Inventory Management vs. Warehouse Management

The Logistics of Logistics

Inventory Management vs. Warehouse Management. Original article: Inventory Management vs. Warehouse Management. That may be because a company might already have an inventory system and wonders what additional capabilities they will get with a new WMS.

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Editor’s Choice: It’s time for traditional inventory management to evolve!

Logistics Viewpoints

This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. As a result, inventory managers have to explore new ways to cope with full warehouses. Unconventional solutions to excess inventory challenges.

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Inflation in 2022: Is the Bullwhip Effect to Blame for Retail Inventory Glut

Logistics Viewpoints

I did a little digging to find out the specifics about excess inventory, the stated causes, and the potential implications. Retailers’ Inventories – Just Keep your Returns? Unfortunately, I am unsure about the order of magnitude or the duration of these inventory mismatches.

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Inventory is Everything with Jeff Flowers

The Logistics of Logistics

Jeff Flowers and Joe Lynch discuss why inventory is everything. Key Takeaways: Inventory is Everything. In the podcast interview, Jeff explains the importance of effective inventory management to supply chains. Learn More About Inventory is Everything.

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Supply Chain Design: How Scenario Planning Helps Withstand Shocks to Maintain Peak Performance.

Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP

Join Robert Olszak, Vice President at Global Supply Chain Optimization, as he discusses how to better prepare for the next generation of supply chain management with industry-leading inventory and network optimization tools.

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Logistics & Supply Chain News Roundup, January 2023

Logistics Bureau

A new year is underway, and what better way to begin our 2023 blog activity than with a summary of the freshest news from the supply chain and logistics theatre? In any typical year, companies around the globe must factor the New Year shutdown into their inventory management plans.

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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.

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Above the Fold: Supply Chain Logistics News (January 20, 2023)

Talking Logistics

That’s how many days until the JDRF Ride in Burlington, VT, where I’ll be cycling 100 miles with other members of our Logistics Leaders for T1D Cure team. Read more The post Above the Fold: Supply Chain Logistics News (January 20, 2023) appeared first on Talking Logistics with Adrian Gonzalez.

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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.

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The 2023 Supply Chain Crystal Ball: Challenges and Solutions

Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst

Curious to know how your peers are navigating ongoing disruption? In this webinar, you’ll gain actionable insights from Olivia Montgomery as she walks us through Capterra’s extensive research on how businesses - notably small and midsize businesses - are addressing supply chain challenges in 2023.

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This Week in Logistics News (January 28 – February 3)

Logistics Viewpoints

And now on to this week’s logistics news. Moller – Maersk is turning to flying drones to manage inventory counts in its warehouse network, the Danish firm said. The post This Week in Logistics News (January 28 – February 3) appeared first on Logistics Viewpoints.

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Better Inventory Management Requires International Suppliers To Step Up to Digital Transformation and Collaboration

Logistics Viewpoints

For months, retailers have been stockpiling massive amounts of goods to meet surging consumer demand, and compensate for ongoing supply and logistics issues. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

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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.

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What is Inventory Replenishment & Why Does it Matter?

Unleashed

Inventory replenishment is reordering stock in the right quantities, at the right time. Too much inventory can increase costs, limit cash flow, and leave you with expired stock. In this inventory replenishment guide: What is inventory replenishment?

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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?”.

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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

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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?

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Above the Fold: Supply Chain Logistics News (June 10, 2022)

Talking Logistics

Read more Above the Fold: Supply Chain Logistics News (June 10, 2022). The post Above the Fold: Supply Chain Logistics News (June 10, 2022) appeared first on Talking Logistics with Adrian Gonzalez. Andy Fletcher, a founding member of Depeche Mode, died in late May at age 60.

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Comprehensive Guide to Mobile Inventory Management Systems

RFgen

Overview: What is mobile device inventory management? With so much information out there about inventory management best practices, it can be hard to determine what steps to take to make improvements. What is mobile device inventory management?

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

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.

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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).

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This Week in Logistics News (January 14 – 20)

Logistics Viewpoints

And now on to this week’s logistics news. This new system of inventory management will go into effect on March 1, and will replace weekly restock limits that Amazon used for calculating FBA storage. California is a major logistics hub for these items.

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This Week in Logistics News (January 7 – 13)

Logistics Viewpoints

And now on to this week’s logistics news. December marked the lowest level for seaborne imports since June 2020, just before a pandemic-driven rush to restock depleted inventories triggered a surge in imports. logistics news Logistics News

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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.

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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. .

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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

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