Herlitz Inventory Management

MARCH 2, 2021

You may choose to carry excess inventory through the off-season. However, if you offer it at a discount to your regular customer base or to a hard discounter to get rid of that inventory, you should use the Closeout feature. The post 2021 | March Newsletter appeared first on Herlitz Inventory Management.

Pricing Training 52

Pricing Training Eliminating Excel in Purchasing Purchasing Training Buyer Training 52

Herlitz Inventory Management

SEPTEMBER 8, 2020

Company Rankings help the buyers make more informed decisions when making ordering decisions, SLA decisions and help to maintain the correct mix of Inventory.”. The post 2020 | September Newsletter appeared first on Herlitz Inventory Management. Running Rankings in HIMPACT. First, you go to Navigation, and then Company.

Buyer Training 52

Buyer Training Inventory Management Software Purchasing Training Demand Planning Software 52

The Logistics of Logistics

JUNE 23, 2022

Longer lead times, complex handoffs between logistics providers, data flow between disparate systems…requires a new way of thinking for efficient inventory moves from origin to the final customer efficiently. Steve is also the editor of RSR’s weekly e-newsletter, one of the most eagerly anticipated periodicals in the industry.

Supply Chain Strategy 130

Supply Chain Strategy Supply Chain Optimization Supply Chain Software Sourcing Strategies 130

Cathy Roberson

NOVEMBER 10, 2023

So, we're taking the necessary steps to position our portfolio for continued share growth, exiting the year with momentum for our brands and ensuring our inventory health is back to historical norms. We think that's a consequence of inventory levels generally normalizing and how many of our customers are approaching the holiday season.

Price Reduction 76

Price Reduction Inventory Reduction Reverse Logistics Retail 76

Herlitz Inventory Management

AUGUST 21, 2019

Convenience Pack is another tool to help you flow inventory through the warehouse more effectively by limiting touches.”. Past Newsletters. 2019 | April Newsletter. 2019 | June Newsletter. 2019 | July Newsletter. 2019 | August Newsletter. Units/Convenience Pack.

Purchasing Training 40

Purchasing Training Inventory Management Software Buyer Training Inventory Reduction 40

Herlitz Inventory Management

JUNE 28, 2019

Seasonal profiles help buyers order the proper amount of inventory before a seasonal spike, and more importantly, help them get out of it and back to normal levels. Understanding and defining the seasonality of demand provides the ability to time phase inventory so it coincides with the expected demand increase. Past Newsletters.

Buyer Training 40

Buyer Training Predictive Analytics Software Inventory Management Software Demand Planning Software 40

Global Trade Management

DECEMBER 11, 2023

This newsletter will explore how analytics can revolutionize supply chain management, mitigating risks and enhancing operational efficiency. Algorithms process input data such as current inventory levels and anticipated demand, producing recommendations for raw material procurement.

Prescriptive Analytics Software 59

Prescriptive Analytics Software Supply Chain Software Analytics Software Predictive Analytics 59

Herlitz Inventory Management

SEPTEMBER 27, 2019

Since there are 26 days between December 15 and January 10, we need coverage to take us that far PLUS the 7-day lead time, giving us a coverage requirement of 40 days: This last order will come in on December 20th and should provide inventory coverage through January 20. Past Newsletters. 2019 | April Newsletter.

Buyer Training 40

Buyer Training Manufacturing Procurement Forecasting Just-in-Time 40

Herlitz Inventory Management

JUNE 20, 2019

Seasonal profiles help buyers order the proper amount of inventory before a seasonal spike, and more importantly, help them get out of it and back to normal levels. Understanding and defining the seasonality of demand provides the ability to time phase inventory so it coincides with the expected demand increase.

Buyer Training 40

Buyer Training Predictive Analytics Software Inventory Management Software Demand Planning Software 40

Herlitz Inventory Management

APRIL 4, 2019

Launch of a Monthly Newsletter. Welcome to our initial launch of a monthly newsletter. Our thought was to publish a Monthly (or Bi-Monthly) Newsletter to highlight topics we see and hear buyers struggling with from time to time. The post 2019 | Spring Newsletter appeared first on Herlitz Inventory Management.

Buyer Training 40

Buyer Training Forecasting Forecasting Software Inventory Management Software 40

Supply Chain Shaman

SEPTEMBER 30, 2014

Current State of Perpetual Inventory. Replenishment is fueled by an effective perpetual inventory signal. Without a perpetual inventory signal, you will never be able to manage out-of-stocks and promot ions. Collaborative relationships need a good signal for inventory. Get Good at Data Sharing. The supply chain needs it.

Optimal Sourcing 296

Optimal Sourcing Forecasting Forecasting Software Supply Chain Network Software 296

Supply Chain Shaman

JUNE 23, 2020

I write for this blog, craft reports from research for our newsletters, create blogs for Linkedin, and build articles for Forbes. Orbit Chart for Ecolab at the Intersection of Inventory Turns and Operating Margin Versus the Chemical Industry for the Period of 2010-2019. Morning after morning, fueled by good black coffee, I type away.

Supply Chain Design Software 287

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 287

Supply Chain Shaman

APRIL 27, 2014

I was involved in early Vendor Managed Inventory (VMI) pilots. The words collaboration, Efficient Consumer Response (ECR), Vendor Managed Inventory (VMI), and Collaborative Planning, Forecasting and Replenishment (CPFR) filled the air. sta•ses (?ste? the state of equilibrium or inactivity caused by opposing equal force. It was 1988.

Supply and Demand 286

Supply and Demand Vendor Strategies Supply Chain Design Software Supply Chain Planning Software 286

Supply Chain Shaman

SEPTEMBER 22, 2021

This is despite the purchase of Terra Technology Demand Sensing and Multi-tier Inventory Management (MEIO) in 2014 for 12-14M$ (including implementation). We started the pandemic with twenty-one more days of inventory than we had in 2007. When I asked about the use, the response was: “ We don’t use it.

Optimal Sourcing 219

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 219

Supply Chain Shaman

MARCH 27, 2014

I rescheduled my Monday to meet with a client on a pressing deadline and worked through the night to edit and refine the reports/journals for last week’s newsletter. The average client that has implemented demand sensing technologies has reduced inventory by 11%. The book is now a very worn manuscript. It makes a difference.

Supply and Demand 281

Supply and Demand Inventory Reduction Demand Planning Software Forecasting Software 281

Talking Logistics

APRIL 22, 2019

Even our most popular post, which dealt with excess inventory and yard management, had a transportation bent to it. Excess Inventory? Overall, the first quarter of 2019 proves yet again that there’s never a dull moment in this industry. No Problem. You Have Trailers In the Yard.­

Logistics Network Optimization Software 111

Logistics Network Optimization Software Logistics Supply Chain Planning Software Inventory Reduction 111

Supply Chain Shaman

DECEMBER 15, 2015

For the discrete industries we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee, and SG&A ratio for the periods of 2006-2014 and 2011-2014. Inventory Turns. Progress on inventory turns is declining due to business complexity. It is more difficult now.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

Supply Chain Shaman

DECEMBER 15, 2015

For the discrete industries, we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee and SG&A ratio for the periods of 2006-2014 and 2011-2014. Inventory Turns. Progress on inventory turns is declining due to business complexity. It is more difficult now.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

Supply Chain Planning Software 312

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 312

Taulia

JULY 24, 2023

This is transforming manufacturing, inventory, logistics, retail, and more, impacting the entire supply chain. IoT tech applied in the supply chain allows companies to track inventory, gather data, and access detailed insights that can drive new supply chain initiatives.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Software Optimization Software Forecasting Software 88

Taulia

JUNE 12, 2023

It can also negatively affect your working capital position, tying up cash in the form of excess inventory. Inventory carrying cost Another of the KPIs in supply chain management, inventory carrying cost, measures the costs incurred due to holding your current inventory levels.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Supply Chain Shaman

MAY 17, 2015

I am deep in research analysis of a couple of efforts (wrapping up our first year of supply chain planning benchmarking for ten clients, writing reports for the Supply Chain Insights newsletter and finishing some work with a couple of manufacturing clients) that are all telling me the same thing: companies are feeling supply chain pain.

Supply Chain Planning Software 150

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

Vanguard Software

APRIL 8, 2021

Our new website now allows visitors to easily search across 45+ assets and 280+ blogs and newsletters , covering everything from the best practices in resilient planning to optimizing inventory replenishment and SKU rationalization. Multi-Echelon Inventory Optimization (MEIO) Application. Want to see the platform in action?

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Optimization Software Case Study 52

Taulia

SEPTEMBER 8, 2023

Inventory: This includes raw materials, components, work-in-process, finished products, and packaging. By freeing up cash that would otherwise be trapped on balance sheets by effectively managing accounts payable, accounts receivable, inventory, and cash, companies can ensure they have sufficient fundsto cover planned and unexpected costs.

How To 52

How To Inventory Reduction Expense Reduction Material Savings 52

Supply Chain Shaman

MARCH 28, 2016

In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. When this happens, we find that the organization is more aligned and perform(s) better on the Supply Chain Metrics That Matter –growth, inventory turns, operating margin, Return on Invested Capital (ROIC). (We

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

SCMDOJO

MARCH 28, 2023

The use of complex technologies in managing inventory, transportation, trade, and other supply chain activities has been evolving for ages. Newsletter signup Enter your email address Please wait. With the advent of the digital age, businesses are constantly seeking innovative solutions to improve their operations.

Supply Chain Design Software 107

Supply Chain Design Software Supply Chain Software Supply Chain Network Software Supply Chain Design 107

Cathy Roberson

MARCH 31, 2023

Retailers and brands are wringing out as much revenue as they can from costly inventories and returned merchandise. Throughout 2022 and into the holiday season, promotions were used to offload as much as possible of the front-end inventory to make way for new seasonal inventory.

Retail 52

Retail Modeling Logistics Network Optimization Software Modeling Software 52

Supply Chain Shaman

MAY 1, 2014

As hospitals adopted consignment planning programs, inventory progress slowed. The turns are the lowest of any industry, and despite investments in technologies and processes, inventory turns have only improved 3%, and Cash-T0-Cash (C2C) cycles have declined 4%. The shift of inventory without the sharing of data is a mistake.

Supply Chain Planning Software 289

Supply Chain Planning Software San Diego Supply and Demand Pharmaceutical 289

Cognira

FEBRUARY 12, 2024

Retailers prioritize local e-commerce, waste reduction, and inventory optimization, leveraging AI and IoT to reduce their carbon footprint. Tech-driven solutions combat food waste, employing intelligent inventory systems and data analytics. This year marks a turning point where sustainability takes a prominent role in the C-suite.

Waste Reduction 52

Waste Reduction Inventory Reduction Retail Optimization Software 52

Taulia

AUGUST 29, 2023

Choose the right inventory management approach Different companies will opt for different approaches when it comes to inventory management. When implementing supply chain management best practices, companies need to choose the right inventory management approach to meet their objectives.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

Supply Chain Shaman

FEBRUARY 22, 2015

I get called frequently to talk to supply chain leadership teams about inventory. Often the CEO hires a strategic consultant to audit the supply chain, and they roll through the organization making inventory promises. What CEO does not like the concept of reducing inventory? It is cash. Let me explain.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Modeling Software 150

Vanguard Software

APRIL 8, 2021

Our new website now allows visitors to easily search across 45+ assets and 280+ blogs and newsletters , covering everything from the best practices in resilient planning to optimizing inventory replenishment and SKU rationalization. Multi-Echelon Inventory Optimization (MEIO) Application. Want to see the platform in action?

Supply Chain Planning Software 40

Supply Chain Planning Software Predictive Analytics Software Optimization Software Case Study 40

Supply Chain Shaman

JUNE 6, 2013

More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies. The executive focus should be on the output of strategic planning into the tactical process of S&OP.

Supply Chain Planning Software 279

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 279

Supply Chain Shaman

JUNE 5, 2013

Monthly design of the supply chain including form and function of inventory and inventory placement. Focus on the level of inventory. Inventory is often focused on as a singular metric, not as part of a complex supply chain system. In flight, I will be busy writing four reports for our newsletter next week.

Supply Chain Planning Software 220

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 220

Supply Chain Shaman

OCTOBER 26, 2016

The top three gaps are visibility of channel inventories and orders, management of complexity and the alignment between commercial and operations teams. We will publish the full report next week in our monthly newsletter. My take away? Success is easier said than done. These three characteristics often go hand-in-hand.

Supply Chain Strategy 150

Supply Chain Strategy Cost Reduction Strategies Inventory Reduction Supply and Demand 150

Supply Chain Shaman

AUGUST 14, 2016

The focus is on channel data: price; inventory positions; and policies. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. (The The use of customer segmentation to determine priority in matching inventory with orders during the order cycle. Channel Sensing.

Material Savings 183

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 183

Freightos

AUGUST 26, 2015

Intro Email Newsletters News Sites Social Media Influencers Blogs Unexpected Places. Experts’ Choice: Supply Chain and Logistics Email Newsletters. Which is why email newsletters just work – delivered to your inbox each day (usually) bringing a limited selection of top stories in condensed form. This was the result.

Resource Reduction 120

Resource Reduction Resources Logistics Network Optimization Software Logistics 120