Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

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. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same.

Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Better Inventory Management Needs Complete Control.

Is the Package Under your Tree?

Supply Chain Shaman

Get Good at Having a Real-time Perpetual Inventory Signal. Foundational for ecommerce is a real-time perpetual inventory (PI) signal. If you are going to be excellent at ecommerce fulfillment, you need to have great perpetual inventory capabilities. Details matter.

Inventory Management in Service Logistics Industry

Talking Logistics

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain.

Unwrapping production: How to transform packaging manufacturing

Quintiq

This has a direct impact on packaging manufacturers who now need to find ways to cope with more diverse demand. The packaging industry is one of intense competition, so individual manufacturers have to keep up. The packaging market is very dynamic.

Five Types of Inventory Optimization You Should Know

ToolsGroup

Inventory configuration is usually the predominant issue in most manufacturing environments. Inventory policy is usually the predominant issue in most distribution environments. This risk pooling approach frequently requires less inventory.

Is Inventory Optimization a Key to Omnichannel Survival?

ToolsGroup

Industry analysts have pointed out an obvious fit with inventory optimization. If retailers optimize their inventory—dynamically aligning their supply chains to changing customer preferences and behavior—they can position inventory to satisfy demand at the lowest possible cost.

Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. Controlling Inventory Flow Begins With Liquidate Nonessential Products. The first step to controlling inventory flow effectively is liquidation of all non-essential products, explains Paul Trujillo of Business2Community. This will help to prevent the reordering of slow-moving products and ensure optimum inventory levels.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

The 21st Century Supply Chain

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022. What is vendor-managed inventory? Let’s take a closer look at a vendor-managed inventory case study.

Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. Staying Strategic in the Warehouse with Better Inventory Flow. Throughout the entire order fulfillment process, companies have a duty to ensure optimum warehouse efficiency by appropriately controlling inventory flow. Warehouses should also consider implementing these best practices to ensure effective warehouse management and maintain control and flow of inventory.

A Quick Guide to Make Picking & Packaging More Efficient

Cerasis

Warehouses are an integral part of most industries – but order fulfillment can take a lot longer than is strictly necessary if your picking and packaging processes aren’t as efficient as they could be. If you’re trying to make your process more efficient, here is a quick guide to help you improve the picking and packaging stages of order fulfillment. Take a Look at Your Process How long has it been since you updated your picking and packaging process?

What is Web Based Inventory Management Software?

EMERGE App

You run a lean business model with minimal overheads and using web-based inventory management software plays a big part in this. And you expect the same standard for inventory management software. What to Expect from Web-Based Inventory Management Software. Introduction.

What is Inventory Management?

EMERGE App

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this.

Inventory Reduction: The Path to Supply Chain Management

LeanCor

Inventory Reduction: The Path to Supply Chain Management. Inventory is not only a critical part of supply chain management; too often it is the main cause of a painfully incremental progression toward effective and genuine supply chain management. This inventory builds.

Solving the Emerging Market Packaging Puzzle

Supply Chain @ MIT

Packaging shields products from damage and theft, differentiates the brand, and is a source of information for consumers. It also adds cost to the value chain, particularly in fragmented markets where buyers have diverse packaging needs. The Center for Latin-American Logistics Innovation (CLI) has developed two optimization models that help companies find the most cost-effective packaging format for emerging markets.

Your supply chain is costing you money – Reason #6 Not effectively managing inventory.

The 21st Century Supply Chain

Reason #6 Not effectively managing inventory. Unfortunately, all the same kinds of things can happen to your supply chain inventory. Except that your inventory costs millions of dollars. So what strategies are out there to maintain inventories at the “right” level?

3 Key Multi-Echelon Inventory Optimization Challenges and How to Overcome Them

Arkieva

When it comes to inventory optimization , companies often have to play a delicate balancing game to ensure that they have optimal levels of inventory. If your forecast numbers are too high, you run the risk of holding costly excess inventory and reducing available cash on hand.

Package Your Way to Supply Chain Cost Reductions

Logistics Bureau

Many articles on the topic of supply chain cost reduction have been written, most of which are understandably focused on issues such as inventory levels, network design, process efficiencies and supplier management/relationships. General Considerations for Cost Savings on Packaging.

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock.

8 Inventory Costing Methods That You Might Not Know About

EMERGE App

Inventory costing or valuation is an accounting concept that has a direct impact on your gross profit and thus taxable income. Methods of valuing inventory are simply different cost-flow assumptions about how to allocate your cost of goods available for sale. Retail Inventory Method.

CPG Brands: The Growing Importance of Agile Customization

Talking Logistics

There is a lot of discussion in the marketplace about disruption, transformation and the rapid pace of change in supply chain management, but if you’re in the consumer packaged goods (CPG) or contract packaging and manufacturing industries, you know this all too well. To get those hyper-specialized products manufactured, packaged and distributed, they rely on an ecosystem of suppliers, contract manufacturing and packaging companies and third-party logistics partners.

Supply Chain Synchronization: Matching Supply and ACTUAL Demand

Logistics Viewpoints

Business Intelligence Consumer Packaged Goods (CPG) Demand Signal Repositories Global Trade Management Solutions Inventory Management Labor Learning & Leadership Omni-channel logistics Retail Supply Chain Planning

Direct-to-Consumer – Creating Additional Supply Chain Complexity for Manufacturers

CHAINalytics

| By Kyle Ous | Manager, Packaging Optimization | Chainalytics | Direct-to-consumer (D2C) sales, a component of e-commerce, continues to emerge as a viable business strategy for manufacturers exploring potential areas for increased revenue by reducing volume to third party sellers, traditional retail stores, and e-tailers. Blog Packaging Optimization D2C Direct-to-consumer End-to-end Supply chain Inventory Positioning Omni-channel marketplace

The Benefits of Using A TMS to Ship Small Package Freight

Cerasis

For small package shipments, a TMS can prove to be an invaluable resource by providing the following significant benefits. Shipping hundreds of small packages pose challenges for shippers. Getting a small package from point A to point B could easily vary greatly in terms of time requirements. The package may be transferred multiple times between different modes of transit as well. Customer Service Is Essential to Small Package Shippers.

Four Inventory Optimization Questions Every Life Sciences Supply Chain Team Should Ask Itself

Logility

How do you know if meaningful inventory optimization is possible for your life sciences organization? Supply chains in all branches of the industry involve high-value, high-margin items that tend to trap large amounts of working capital in excess inventory, so the potential benefit is real.

Four Inventory Optimization Questions Every Life Sciences Supply Chain Team Should Ask Itself

Logility

How do you know if meaningful inventory optimization is possible for your life sciences organization? Supply chains in all branches of the industry involve high-value, high-margin items that tend to trap large amounts of working capital in excess inventory, so the potential benefit is real.

The Top 3 Reasons for Label & Packaging Errors in Food Manufacturing

NC State SCRC

This week’s guest blog is from Marvin Magusara, who contributed insights into an area often maligned… packaging! The role of packaging is an important contributor to total cost of ownership, as it also impacts cube on trucks, inventory storage, product safety, regulatory compliance, and customer satisfaction. Global Vision is one of the industry leaders for packaging and labelling quality control for the food, pharmaceuticals and consumer products industry.

This Week in Logistics News (February 7 – February 13)

Logistics Viewpoints

Consumer Packaged Goods (CPG) Global Trade Inventory Management Just for Fun Labor Private Fleet Retail This Week in News Another week, another winter storm in the Northeast. It is a seemingly endless onslaught of snow, with another potential blizzard on the horizon.

Shipping Less-Than-Truckload Freight in E-Commerce: Shipping Online Is More Than Just Parcel Shipments

Cerasis

According to Freight-Specialist.com , these forces include: E-commerce demands higher inventory variety. E-Commerce Logistics Freight LTL Small Package

Supply Chain and Logistics Predictions for 2016

Talking Logistics

How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. Will interest rates continue to climb in 2016, and if so, what impact will it have on inventory levels? Drones will have a breakout year — not in delivering packages to consumers, but in the Yard and Warehouse.

Drones Connect with RFID to Catalog Inventory

Supply Chain @ MIT

Mismatches between inventory records and stock have long plagued the retail industry. A system being developed by the MIT Media Lab that uses an aerial drone to read radio frequency identification (RFID) tags on product packaging, could provide one solution to this perennial problem.

What Your Inventory Can Tell You About Your Promotional Strategies

Cognira

Below are some thoughts about promotions from the POV of an Inventory Manager. Inventory Managers can see that there is no turning back time on the discount clock. Why do Inventory Managers care? It’s harder to move inventory through the supply chain quickly in response to sales.

The Vitamin Shoppe’s Omni-Channel Transformation

Logistics Viewpoints

Consumer Packaged Goods (CPG) Inventory Management Logistics Outsourcing Replenishment Retail omni-channel Vitamin Shoppe Last week I attended the CSCMP Annual Global Conference in San Antonio, TX. The omni-channel track featured in the Customer Cornerstone had a number of interesting sessions (including mine).

WMS and Cycle Counting: How to Reach Inventory Management KPIs

Veridian Solutions

Greater control and efficiency in modern warehouse management rests on the reliability and accuracy of your inventory management processes. Warehouse Managers need to understand the challenges of cycle counting, how the right KPIs can help, and how to leverage WMS and cycle counting best practices to develop the best inventory management KPIs. Which Inventory Management KPIs Are the Best? Carrying cost of inventory.

KPI 40

This Week in Logistics News (March 7 – 13)

Logistics Viewpoints

Consumer Packaged Goods (CPG) Global Trade Inventory Management Labor Logistics Technologies Omni-channel logistics Regulations Retail Statistics Supply Chain Risk Management This Week in News Trade Security Transportation The unemployment rate edged down slightly in February 2015, to 5.5%. While the unemployment rate for teenagers decreased 1.7% to 17.1%, the rate for adult men (5.2%) and women (4.9%) remained relatively unchanged.