SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

Supply Chain Game Changer

AUGUST 16, 2022

In my experience companies always had a need for Inventory Control and an annual inventory count during which all operations were shut down for at least 2-3 days. On top of the annual inventory count there were ongoing manual cycle counts throughout the entire year. An Inventory Control History.

Inventory Reduction 124

Inventory Reduction Inventory Waste Reduction Resource Reduction 124

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. These are the 10 most crucial metrics for SMEs – so you can get started on reducing inefficiencies and cutting costs. Explore our live inventory calculators and formulas page. In this article on inventory performance measures.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Supply Chain Matters

JANUARY 19, 2024

The Supply Chain Matters blog provides our readers with a further update on the ongoing Red Sea shipping disruption including added context and implications. Background Just before the Christmas 2023 holiday, Supply Chain Matters alerted our readers to rather troubling signs for another global-wide shipping disruption. East Coast.

Shipping 52

Shipping Transportation Supply Chain Planning Software Scenario Planning 52

Ware2Go

MARCH 25, 2022

Learn how to build a 2-day ground shipping network that meets customer expectations without hurting your bottom line. It’s no secret that fast shipping is a growing consumer expectation — and thanks to the Amazon effect, consumers are defining “fast” as 1-2 days. Why Most SMBs Don’t Offer 2-Day Shipping.

Shipping 140

Shipping Supply Chain Network Software How To Warehousing 140

QAD

JULY 1, 2021

Total manufacturing costs showcase how much your company spent to produce its inventory in a given period of time. This is not to be confused with the cost of goods manufactured (COGM), which refers to just the cost of inventory that was finished and prepared for the sale in the period. Notice that it’s direct materials.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

Supply Chain Shaman

JUNE 24, 2022

Price of Ocean Shipping Business Continuity. The future inventory fire sale. This report takes me about six weeks to complete.). The metrics selection resulted from work with Arizona State University in 2013.) In the report, we study twenty-eight sectors. Look for the full report next week.). Baby formula.

Supply Chain Planning Software 366

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 366

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance.

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Supply Chain Matters

OCTOBER 12, 2022

The reported September value of 1.05 Report authors indicated that the September decline was quite broad-based. Further reported was that this index’s year-to-date movements suggest that global supply chain pressures are beginning to fall back in line with historical levels. was below the August value of 1.51 for September.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

Supply Chain Matters

AUGUST 8, 2022

This index was reported as 1.84 reported for June, and 2.59 reported for May. The July report narrative indicated that the decline in the pressures index was similar to that over the past two months and was uniform across most of the subcomponents of this index. percentage points from the reported reading of 65 in June.

Procurement Analytics 52

Procurement Analytics Report Global Supply Chain Software 52

Unleashed

APRIL 3, 2023

If you’re currently managing your accounts through QuickBooks, it makes sense to look for an inventory management tool that complements your accounting system. While QuickBooks offers some inventory functionality, it might not have all the solutions you require.

Inventory Management Software 52

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

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. For example, let’s say you report an OTIF rate of 95%.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

RFgen

MARCH 20, 2023

Key Takeaways: Inventory control involves the management of products and services across the supply chain, ensuring the right amount of product at the right time. Integrating purchasing and inventory control is critical for forward planning and forecasting in today’s economic climate. Essential to this process is purchasing.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Purchasing Skills Manufacturing Procurement 52

Precoro

OCTOBER 10, 2022

Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. Inventory KPIs: Inventory Aging, Inventory Turnover Ratio. This KPI reveals how long it typically takes a supplier to ship an order after receiving it.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

ShipBob

JUNE 18, 2023

If you start out a quarter with more inventory than when you started the previous quarter, is it a good thing or a bad thing? Or, it’s an indication that you have more inventory than you can sell. If you start out with less inventory than the period prior, it could mean you sold a lot of your stock — congratulations!

Inventory 98

Inventory Purchasing Skills Manufacturing Procurement How To 98

RFgen

JUNE 30, 2023

Gone are the days of paper inventory tracking and manual data entry. The businesses of tomorrow need technology solutions that give real-time information in order to make key business decisions when it comes to inventory. It’s also critical to your inventory management strategy. Case Study: NFPC Enhances ERP to Gain 99.9%

Inventory Management Software 76

Inventory Management Software Supply Chain Planning Software Optimization Software Forecasting Software 76

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

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. What’s the difference?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Supply Chain Shaman

OCTOBER 13, 2022

While shipping craziness is abating, the issues and implications of the Russian-Ukrainian war, energy shortages in China and Europe, food instability in Africa, and the global water crisis reverberate as disruption after disruption in the supply chain. Last week, Nike reported first quarter 2023 results. We are re-writing the rules.

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Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

Logistics Viewpoints

FEBRUARY 2, 2024

Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. percent year-on-year decline in cargo ton miles to 1.8bn, although this metric increased by 9.5 While I like his optimism, I’ll believe it when I see it. And now on to this week’s logistics news. That’s all for this week.

Cost Reduction Strategies 234

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 234

ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

ShipBob

DECEMBER 13, 2023

The success of any ecommerce business depends greatly on how it manages its inventory health. Now, for some, inventory health may not be an immediate concern. You might say, “I’ll just order plenty of inventory and wait until it sells out.” What is inventory health?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

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

Unleashed

MARCH 26, 2023

If you’re running a product business and using Xero for your accounting, you’ll need to implement some form of inventory management. While the platform offers some inventory features of its own, many businesses will require something with greater functionality. Do you need integrated Xero inventory software?

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 52

Silvon Software

SEPTEMBER 28, 2023

Silvon has noticed over the past several years that a shift towards a modern data hub architecture to support enterprise analytics and reporting has been driven by a number of key business drivers. A modern data hub supports self-service reporting. A modern data hub offers greater responsiveness to line-of-business users.

Procurement Analytics 94

Procurement Analytics Report Data Optimal Sourcing 94

Unleashed

MAY 1, 2023

An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. What is an inventory control chart? An inventory control chart, also known as a stock control chart, is a visual diagram that reflects the minimum and maximum stock levels of a business over time.

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52

Ware2Go

MAY 15, 2023

Learn how to build a 2-day ground shipping network that meets customer expectations without hurting your bottom line. 1 to 2-Day Delivery Is the Expectation It’s no secret that fast shipping is a growing consumer expectation — and thanks to the Amazon effect, consumers are defining “fast” as 1-2 days.

Shipping 52

Shipping Supply Chain Network Software How To Warehousing 52

Logility

JANUARY 26, 2017

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

Elementum

JUNE 30, 2022

Welcome to Elementum’s Supply Chain Market Report. Supply Chain Market Report – July 2022 This edition will cover: The signs of looming stagflation How executives can prepare their supply chains The imminent problem of staffing shortages The latest use of drones in supply chain Notable changes in the leadership ranks.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

Intelligent Audit

JULY 19, 2022

Regardless of whether a load gets delivered on time with clean bills, or if there is an issue, shippers need oversight and can use OSD reports to ensure they get the right information. . What Is an OSD Report ? An Over, Short, and Damaged (OSD) report provides shippers with data that tracks damaged or miscounted loads.

Report 52

Report Supply Chain Planning Software Predictive Analytics Software Supply Chain Software 52

Unleashed

JUNE 7, 2023

Inventory optimisation is the process that enables efficient inventory management. In this guide, we define inventory optimisation and offer a few actionable tips and strategies for getting it right every time. In this inventory optimisation guide: What is inventory optimisation?

Inventory Management Software 52

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

Unleashed

APRIL 16, 2023

Inventory tracking software can mean the difference between thousands of customer orders out the door and thousands of dollars down the drain. In this inventory tracking software guide, we break down what it’s for, which features to look for based on your industry and size, and how to safely manage a software upgrade.

Inventory Management Software 52

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

SupplyPike

APRIL 29, 2020

This month, we thought we’d dig in a little deeper and look into monitoring store-level inventory. Traited Not Valid: The item is on the modular but is not replenishing because the store manager might decide not to order the item for her store due to reasons like low sales, too many returns, too much inventory, etc. Traited and Valid.

Inventory 63

Inventory Forecasting Software Forecasting Demand Planning Software 63

Unleashed

APRIL 21, 2024

The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52