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.

Multi-echelon Inventory Optimization vs Inventory Optimization

ToolsGroup

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. There are many pieces of the modern manufacturing supply chain. The basic approach to inventory optimization.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Optimization and Execution: How Manufacturing can lead the Industry Renaissance

DELMIA Quintiq

Global manufacturing today faces significant operational challenges. How should manufacturers adapt to meet the challenges and shift from product-centric to customer-centric operations? Manufacturers that execute without having a realistic plan are working blindly.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing. Data availability and advanced analytics are also shaping the industry by providing new insights into efficient manufacturing processes. It then uses this model to understand the impact of demand forecasting on inventory.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing. Data availability and advanced analytics are also shaping the industry by providing new insights into efficient manufacturing processes. It then uses this model to understand the impact of demand forecasting on inventory.

How Digital Mobile Inventory Modernizes Food Manufacturing

RFgen

Food and beverage manufacturers face new FDA traceability regulations and consumer expectations. End-to-end supply chain traceability is achievable through mobile inventory solutions and barcoding. Despite this, some food and beverage manufacturers continue to be slow to adopt.

Food 60

Inventory Management in Manufacturing Environment

LeanCor

Firms today are beginning to understand more and more that high levels of inventory aren’t just detrimental to costs but also for hiding other potential issues. Inventory management starts with lean buying and planning tactics as well as streamlined inventory management standard processes for material handling and planning. The beginning stage of inventory management doesn’t begin at the dock door rather it begins with the supplier. By: David Sherman.

Revealing the Value of Additive Manufacturing in Aerospace and Defense

DELMIA Quintiq

What aerospace manufacturers need is agility in their design and production processes to help mitigate the variability in supply and demand. Additive Manufacturing (AM) is one innovation in which aerospace companies have significantly invested to try to address some of their unique challenges.

What Is Manufacturing in the 21st Century

The Supply Chain Journal

When people think about manufacturing and the supply chain , most would never think about the global scale and the technological advances it has morphed into today. But still, with manufacturing comes waste. Defining Manufacturing in Today’s World.

How Barcode Scanning Can Revolutionize Your Inventory Management

DELMIA Quintiq

Implementing something as simple as barcode scanning can completely transform your inventory management system. inventory optimization and management. These systems require barcode labels or tags to be affixed to bins or individual inventory parts.

Realizing the Value of Supply Chain Optimization for Tire Manufacturing

DELMIA Quintiq

New technologies revolutionizing transportation are creating tremendous opportunities but also unprecedented challenges for tire manufacturers. Leveraging DELMIA’s planning solution, powered by the 3D EXPERIENCE platform, tire manufacturers can realize these benefits: Long-term benefits.

Top 10 2020 Manufacturing Trends

IQMS

Bottom Line: 2020 manufacturing trends are driven by manufacturers’ strong confidence in their ability to deliver high-quality products that earn repeat orders while delivering excellent customer experiences. Sustainability is manufacturing’s greatest inflection point of 2020.

Regaining control: Inventory management best practices (Part four)

Kinaxis

by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced. In the final part of my inventory management best practices series, I take a look at some additional practices that are important, or even crucial , to successful supply chain efforts.

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. The basic approach to inventory optimization.

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.

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. The basic approach to inventory optimization.

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.”

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. I was moving from the world of manufacturing to a new world of software. The technology world moves at a quicker pace than the world of manufacturing and distribution. The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study.

Enhancing Inventory Visibility for the Electrical and Electronics Manufacturing Industry

RFgen

Many companies in the industry rely on unsustainable, manual data collection processes, creating a gap in inventory visibility. With mobile barcoding, companies can overcome challenges in distribution, manufacturing and compliancy. The Problem: Lack of Inventory Visibility.

3 Ways to Ensure On-Time, In-Full Delivery of Inventory

Logility

Add to that over 2,500 parts from over 200 manufacturers and this became a significant supply chain opportunity. Using Logility, they first aggregated their enterprise inventory and logistics data with two external data feeds. Inventory Thought Leadership

Women and Manufacturing Host Tracy Coon: How Software Solutions Benefit Your Manufacturing Company

Blue Ridge

Women and Manufacturing podcast Episode 146 hosts Tracy Coon to solve big problems in supply chain inventory planning software. Blogs Podcast Manufacturing Supply Chain Planning

It’s Time to Connect Manufacturers and Suppliers within the Value Network

DELMIA Quintiq

A manufacturer’s operations are constantly exposed to the risk of inconsistent supply. Upheavals in one country can heavily impact manufacturers worldwide, too. Manufacturers realized that they had no backup plans for the production of components critical to their operations.

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

How Steel Manufacturers Can Thrive in a Changing Environment

DELMIA Quintiq

Very often, legacy systems or spreadsheets are the go-to solutions for locally planning every resource in the steel plant — inventory, machine allocation and workforce. Industrial Equipment Industry Standards Manufacturing Calculations KPI Based planning steel steelmaking

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

Take Advantage of Digital Manufacturing to Improve Workforce Productivity

DELMIA Quintiq

Much has been done to improve manufacturing efficiency. Supply chains have been optimized; warehouse inventory tracking has reached new levels of precision; production lines can operate with virtually no downtime. As the common linchpin that brings together all manufacturing activities, has this metric improved along with all the investment in new technologies? Digital Manufacturing as an Enabler of Workforce Productivity.

Take Control of Your Inventory in 2021

SYSPRO Smarter ERP

As the ripples from 2020’s global events are still being felt throughout the manufacturing industry, now more than ever it is essential for manufacturers to manage their supply chain, forecast demand, and use production resources as efficiently as possible. All Industries Manufacturin

Supply chain inventory optimization – Beyond the analytics

Kinaxis

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. Implementing inventory optimization.

Is Inventory Waste or an Asset?

Supply Chain Shaman

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.” His feeling was that inventory is an asset to manage. Inventory is both. Inventory management is a complex subject.

Still managing your inventory with spreadsheets?

ToolsGroup

Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. So inventory optimization software is still “low hanging fruit” for those seeking higher levels of supply chain maturity and improved use of supply chain analytical tools. Much of inventory is a hedge against uncertainty. Inventory needed to mitigate the risk of short shipments.

Just-in-time Manufacturing – A Manufacturer’s Guide to Effective Inventory Management

ThroughPut

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. The JIT Manufacturing Checklist.

Just-in-time Manufacturing ? A Manufacturer?s Guide to Effective Inventory Management

ThroughPut

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. The JIT Manufacturing Checklist.

What is Inventory Shrinkage?

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Shrinkage article and permission to publish here provided by Jake Rheude at redstagfulfillment.com. There are many terms for inventory shrinkage: warehouse shrinkage, product shrinkage, loss of product.

Eliminating Excess Inventory in India & China for Fortune 500 Food Manufacturer

CHAINalytics

Chainalytics helped a global food manufacturer optimise its inventory levels for a number of SKUs in India and China resulting in reduced working capital requirements and less product waste.

India 95

12 Types of Inventory: Complete Information

EMERGE App

Inventory is the store or stock of goods. And in this post, you’re going to know the type of inventory exists. Four Types of Inventory. There are four types of inventory : work-in-progress, finished goods, raw material, and MRO goods. MRO Goods Inventory.