Logistics Viewpoints

AUGUST 7, 2023

It was an IT-led implementation where a planning model was developed, the solution implemented, and then planners – who had not been sufficiently prepared and trained – were expected to use a system significantly different from the legacy systems they were familiar with. Implementing supply planning solutions is hard. Count them!

Supply Chain Planning Software 175

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 175

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

Enterra Insights

JUNE 25, 2019

For the last few years, inventory shrinkage has annually cost U.S. ” Regardless of how inventory is lost, shrinkage costs retailers a lot of money. To reduce shrinkage, retailers need to have a strategy to address each of the ways inventory can be lost. Inventory shrinkage strategies. ”[3].

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Inventory Vendor Strategies 100

Supply Chain Shaman

SEPTEMBER 3, 2015

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.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

SYSPRO Smarter ERP

MARCH 28, 2024

It is a modern business strategy that lets company staff make decisions based on facts instead of biases. Increasingly, businesses need to hire and train analysts and data scientists. To achieve this, training that is focused on data literacy is important. How to apply metrics One challenge is deciding what metrics to use.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 52

Supply Chain Shaman

DECEMBER 7, 2022

Based on my research, I write about four strategies that drove value over the last decade. Colgate outperformed P&G in Return on Invested Capital (ROIC), and P&G exceeded Colgate in inventory turns. Which strategy drove the most significant value??” A Clear Strategy. Schneider Electric Strategy.

Inventory Reduction 54

Inventory Reduction Material Savings Supply Chain Strategy Price Mitigation Strategies 54

Supply Chain Insights

JUNE 1, 2017

This past month I attended our Supply Chain Insights Bootcamp training led by Lora Cecere in Philadelphia and facilitated the first course of a Cross-Company Academy training, End-to-End Supply Chain Orchestration. Cross-Company Academy is a 7 month online training course, Bootcamp is a 2 day in-person training course.)

Supply Chain Strategy 161

Supply Chain Strategy Supply Chain Software Price Mitigation Strategies Supply Chain 161

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

GlobalTranz

FEBRUARY 2, 2018

Omnichannel has been a buzzword in supply-chain circles for several years, but retailers that have invested in implementing omnichannel strategies have shown less than superior results, says Steve Dennis via Forbes. These problems show weaknesses and overlooked concerns when implementing omnichannel supply chain strategies.

Omnichannel 169

Omnichannel Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 169

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. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

ThroughPut

APRIL 30, 2024

The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency. Logility: Supply Chain Planning & Optimization Logility assists global businesses with complex supply chains in sensing and responding to fluctuating market conditions.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Precoro

JULY 16, 2023

This individual also ensures that established purchasing practices align with the general company financial strategy and business objectives. In other words, the purchasing manager is responsible for securing inventory requirements within the company’s budget and overall efficiency of the company’s purchases.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. The focus is on channel data: price; inventory positions; and policies. Channel Sensing.

Material Savings 183

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 183

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. 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.

Inventory Management Software 52

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

Elementum

FEBRUARY 7, 2024

Inventory Management: Precision and Efficiency through Automation AI and ML transform inventory management by predicting stock levels, automating reorder processes, and optimizing warehouse organization. This reduces the risk of overstocking or stockouts, ensuring inventory is managed with unprecedented accuracy and efficiency.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Unleashed

OCTOBER 31, 2023

Effective implementation of workforce optimisation strategies ensures you have the valuable workforce resources you need for the growth of your manufacturing operations. The primary goal of workforce optimisation strategies is to reduce operational costs. Workforce optimisation should be an always-on strategy.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

RFgen

MARCH 10, 2023

Order picking is a critical process in warehouse management that involves selecting items from inventory and assembling them into customer orders. We will also explore the best practices for improving order picking speed and accuracy , as well as strategies for integrating these improvements. My Warehouse is a Mess!

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Inventory Reduction Cost Reduction Strategies 52

RFgen

APRIL 18, 2023

To minimize misships, businesses must implement best practices that focus on optimization, technology, and employee training, ensuring accurate shipments every time. Therefore, investing in a strategy to prevent misships pays for itself—and more. Train Employees on Best Practices Technology can only do so much to prevent misships.

Optimization Software 52

Optimization Software Supply Chain Planning Software Inventory Management Software Supply Chain Software 52

Silvon Software

JANUARY 25, 2023

Sales management needs to develop a customer-interaction strategy, often by channel, market, or customer segment. Salespeople have personal interest in their metrics, so it’s helpful if the forecasting software calculates the forecasting KPIs to make it easy for them to see where they stand. Employ training and coaching.

Supply and Demand 115

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 115

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Insights

JULY 23, 2017

Forge a strategy? Use our Metrics That Matter methodology to look at improvement and performance. Understand inventory write-offs, impact of forecast processes and technology satisfaction in the planning benchmarking. Training. We want to help, we offer three types of training. Summer is ending. Engage employees?

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 0

Supply Chain Shaman

MARCH 9, 2020

The answer is to increase modeling, evaluate sourcing strategies, and build the right push/pull decoupling points. Here I share three strategies to consider to eradicate some of the barriers. Few are given training on the technology deployed. The result will be more work for planners. The problem? The problem? The problem?

Supply Chain Design Software 301

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 301

Supply Chain Shaman

MARCH 6, 2015

The Center of Excellence is driving supply chain evolution against an operating strategy. Clarity of the Operating Strategy. They deliver on the operating strategy. I expect to see that where there is clarity in the operating strategy, the Supply Chain Center of Excellence is aligned to deliver on success. Metrics Matter.

Supply Chain Design Software 150

Supply Chain Design Software Network Design Software Inventory Reduction Supply Chain Design 150

Supply Chain Shaman

MARCH 6, 2015

The Center of Excellence is driving supply chain evolution against an operating strategy. Clarity of the Operating Strategy. They deliver on the operating strategy. I expect to see that where there is clarity in the operating strategy, the Supply Chain Center of Excellence is aligned to deliver on success. Metrics Matter.

Supply Chain Design Software 150

Supply Chain Design Software Network Design Software Inventory Reduction Supply Chain Design 150

Supply Chain Shaman

JANUARY 19, 2014

Despite multimillion dollar technology projects, and tomes of strategy documents, they are stuck in their ability to overcome market factors and rising complexity to drive continuous improvement on a portfolio of metrics. Last week, I taught a public training class. I love doing strategy days with teams.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278

ToolsGroup

SEPTEMBER 20, 2022

Deep Learning: A family of machine learning methods based on neural networks architecture, that—due to recent advances in the ability to successfully train multiple layers of networks (“deep” networks)—have become the top performing algorithms in specific fields (computer vision, speech recognition, etc.). Optimize spare part inventories.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

GlobalTranz

MAY 18, 2018

Omni-channel sales strategies have become essential to companies trying to keep up with Amazon and major retailers. In addition, some may feel that growing into a seamless omnichannel sales strategy is impossible without supply chain technology hiccups, but that is not true. Download white paper.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Software Omnichannel Analytics Software 138

Silvon Software

MAY 1, 2024

And it does so through its ability to generate demand forecasts, customer segmentations, risk assessments and operational optimizations in areas like supply chain and inventory management. They also provide a structured and consistent data environment that is crucial for reliable predictive model training and analytics.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Predictive Analytics Software Analytics Software Predictive Analytics 52

SCMDOJO

JUNE 6, 2023

2 – Inventory Optimization Tool in Excel Inventory is a vital component for wholesalers, distributors, and manufacturers, representing valuable assets in the form of the products they sell. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 89

ThroughPut

MARCH 27, 2024

Every aspect of operations, be it managing the inventory, forecasting demand or fulfilling orders was dependent on human wisdom and intuition. Besides, AI is helping retailers optimize inventory, warehouse and pricing. It can also suggest alternate routes and strategies to retailers to maintain uninterrupted and smooth operations.

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

OptiProERP

APRIL 9, 2024

Integration with inventory management systems is crucial to accurately confirm product availability and delivery timelines. Document processes and provide training to employees to ensure compliance and proficiency. Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

Supply Chain Shaman

JULY 21, 2022

To help, we analyze business results each year to understand which companies outperform on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) over the past ten years. Few companies actively manage complexity and automate segmentation strategies.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? The company wanted to improve service levels and optimize inventories to reallocate working capital and balance inventory in the changing network. Increased inventory turns by 25%.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Logistics Viewpoints

JUNE 1, 2023

Now all retailers are re-assessing their sourcing strategies and looking for local alternatives to reduce risks, lead times and carbon footprint. Retailers will also have an inventory surplus because people will buy less overall, meaning they may need to lower prices to clear their excess stock–hurting their profits.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

ThroughPut

MARCH 15, 2024

With a lot of these issues expected to persist or worsen going ahead, Chief Supply Chain Officers (CSCOs) are urgently looking to reinvent business strategies and prioritize agility, resilience, and sustainability in supply chain management. Are you losing money to inventory mismanagement?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

ThroughPut

MARCH 15, 2024

With a lot of these issues expected to persist or worsen going ahead, Chief Supply Chain Officers (CSCOs) are urgently looking to reinvent business strategies and prioritize agility, resilience, and sustainability in supply chain management. Are you losing money to inventory mismanagement?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52