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What is Inventory? Examples, Types, Techniques

Unleashed

Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

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The Role of Digitisation and Analytics in Supply Chain Resilience

The Logistics & Supply Chain Management Society

Therefore, a strategy for resilience is necessary to meet the changing demands of consumers and ensure sustainable growth. Diversifying suppliers is necessary for meeting consumer demand and achieving supply chain resilience. Digitisation for Optimised Capacity and Inventory Buffers. Analytics for Diversifying the Supply Base.

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Importance of Digitalisation to Improve Supply Chains: Helping Businesses Navigate Through Supply Chain Disruptions

The Logistics & Supply Chain Management Society

Applying innovation to supply chains, combines innovative technologies like the Internet of Things (IoT), analytics, and robotics to supply chain management to improve performance and meet customer demands. One solution to this problem is centralized distribution and real-time inventory management. Supply Chain 4.0

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Top 5 Ways Inventory Tracking Technology Is Evolving

GlobalTranz

Inventory tracking is among the top areas most impacted by omnichannel supply chain strategies, and consumer spending habits are forcing inventory tracking technology to evolve, making sure consumers can get the products they want, through the media and channels they want, and at the prices they want.

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

Armed with a good understanding of the scope of transportation services required, the Procurement Team can proceed to conduct Market Research to identify potential service providers who are able to meet the transportation services required. This group is not just a “talk shop session” but one where the focus is on achieving outcomes.

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Piecing Together the SIOP Process

The Logistics & Supply Chain Management Society

Sales, Inventory, Operations Plan (SIOP) is a process within many successful supply chain organizations that recognizes the integral relationship between all departments in the company, but how do you piece together an SIOP process? SIOP stands for “Sales, Inventory, Operations Plan”, not to be confused with “S&OP”.

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Logility President Allan Dow and VP Business Development, Diane Ngabire named Supply & Demand Chain Executive 2024 Pro’s to Know

Logility

I am inspired and influenced daily by the experts around me and seeing my team meet and exceed their goals,” says Ngabire. “I IRONMARKETS delivers relevant, cutting-edge content to its audiences through its industry-leading digital properties, trade shows, conferences, videos, magazines, webinars, and newsletters. Learn more at [link].

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