Logistics Viewpoints

OCTOBER 12, 2023

Recently, I was at my local grocery store for my weekly shopping trip and found myself in the packaged salads section. While this is easy for packaged/processed items with Best by Dates, it is not as easy for bulk, loose, or field packaged products. Am I alone in this habit or thinking? or squeezing an Avocado.

Supply Chain Design Software 228

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 228

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Unleashed

AUGUST 29, 2023

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates tedious manual tasks that can be prone to human error, improving the accuracy of a company’s recorded inventory levels and reducing inventory carrying costs.

Inventory Management Software 52

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

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

For visualizing a products next life or “end of product life”, I will be focussing on packaging. #1 Look at packaging, office furniture, food waste from a conference, paper and promotional product waste from an advertising campaign. Packaging for consumer products is the most customer-facing marketing tool that we have.

Optimal Sourcing 162

Optimal Sourcing Supply Chain Planning Software Singapore Logistics Network Optimization Software 162

ModusLink Corporation

APRIL 22, 2024

End-to-end management of component procurement, inventory management, and JIT delivery. Dynamic inventory optimization to minimize lead times and reduce costs. Cost Efficiency and Value Optimization: Economies of scale realized through global procurement and resource pooling.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

AIMMS

OCTOBER 17, 2023

Efficient inventory management Demand Forecasting: Use demand analytics to predict demand more accurately, thus reducing overstocking or stockouts. Re-evaluate supplier contracts and relationships Consolidated Procurement: Bulk purchasing often leads to better rates. Here are a few recommendations we’ve seen in practice.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Modeling Waste Reduction 156

ShipBob

JULY 18, 2022

As an ecommerce business, maintaining inventory is make or break for your brand. After all, having inventory on hand is important to keep operations running smoothly and to satisfy customers. But there are various considerations to keep in mind: Do I have enough inventory to meet demand? How can I overcome inventory loss?

Risk Management 52

Risk Management Inventory Reduction Inventory Management Software Inventory 52

ToolsGroup

SEPTEMBER 20, 2022

ToolsGroup’s innovative AI-powered solutions enable retailers, manufacturers, and distributors to outsmart supply chain uncertainty and deliver inventory performance from source to customer doorstep to maximize revenue and profitability. About Supply & Demand Chain Executive.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Modeling 156

Logility

MARCH 11, 2024

About Supply & Demand Chain Executive Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Learn more at [link].

Logility 211

Logility Supply Chain Planning Software Demand Planning Software Supply Chain Design Software 211

Supply Chain Matters

JUNE 17, 2022

Inventory Management Assessment- Samsung Electronics. We noted in our editorial likely needs for comprehensive inventory management assessments especially given the risk of higher working capital costs are a result of higher interest rates. Samsung ’s inventory balances reportedly reached the equivalent of $36.9

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

Logistics Viewpoints

APRIL 10, 2023

Or, alternatively, a company carries too much inventory, storage for excess inventory must be purchased, and cash flows become tight. Franklin Sorts buys deflated balls, packaging material, and a ball pump. This warehouse provides inventory storage for goods not yet ordered that will ship later. When she joined, Ms.

Security 197

Security Supply Chain Planning Jordan Forecasting 197

NC State SCRC

NOVEMBER 29, 2023

During that time, she worked in a number of different areas including direct procurement, indirect procurement, operations, supply chain, packaging, and operations support including: HR, finance, IT and facilities management. Now, Pam is helping lead a digital procurement transformation for Caterpillar Inc.

Supply Chain Planning Software 52

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 52

Logility

JULY 14, 2022

based furniture manufacturing company who needed support rightsizing its inventory across its global supply chain network and reducing safety stock. Logility won for its work with a large U.S.-based supply chains.” says Marina Mayer, Editor-in-Chief of Supply & Demand Chain Executive and Food Logistics. and L.I.N.K.

Logility 173

Logility Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 173

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. 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

Demand Solutions

MARCH 27, 2020

But what if I told you that establishing supply chain planning and procurement processes also helps your company's culture, would you believe me? Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

Atlanta 173

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy 173

ToolsGroup

SEPTEMBER 18, 2023

Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Food Logistics and Supply & Demand Chain Executive also operate SCN Summit and Women in Supply Chain Forum.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software ToolsGroup Supply Chain Planning 156

Logistics Viewpoints

JUNE 1, 2023

As we’ve seen over the past few years, businesses will keep automating and integrating supply chain planning capabilities, including demand-sensing, dynamic safety-stock management, inventory optimization, and external collaboration. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 192

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 192

MIT Supply Chain

MAY 15, 2014

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. A lot of research has been devoted to packaging optimization problems.

Packaging 64

Packaging Modeling Optimal Sourcing Material Savings 64

Logistics Viewpoints

JANUARY 9, 2023

The network can also provide visibility to whether the supply chain network has enough inventory across their sites and on inbound shipments. Then, once the goods are produced the contract manufacturer may ship to a company that engages in packaging services. Both the OEM and the packaging supplier need to see that message.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Network Software 246

ToolsGroup

MARCH 17, 2021

Because our customers around the globe can meet or exceed their service level requirements while minimizing inventory, they’re ready for whatever tomorrow brings.” ToolsGroup is how organizations achieve their target service levels while optimizing inventory, no matter how complex their supply chain is or how much demand changes.

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

SCMDOJO

JULY 29, 2022

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. S = Cost per order.

Sourcing Strategies 103

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Boston 103

SYSPRO Smarter ERP

APRIL 26, 2023

No longer will spreadsheets and simple accounting packages do; neither will outdated incumbent ERP applications that do not support modern business needs. It also provides insights into how assets of the business, such as inventory, are being used. Here are ten reasons how an ERP system can help manufacturers.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Optimization Software 98

3PL Insights

FEBRUARY 14, 2023

The flow of finished goods in retail logistics is a multi-step process, encompassing inventory management, order fulfillment and shipping, and returns management. Inventory Management Inventory management is the procurement, storage, and selling of a company’s inventory.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Inventory Management Software Supply Chain Software Retail 92

Elementum

AUGUST 31, 2022

The supply chain management process is comprised of a number of steps, which can usually be organized into five categories: Planning and forecasting Sourcing and procurement Manufacturing Logistics Handling returns As demonstrated by the recent food supply chain issues , a failure in one area can lead to disaster.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Planning 78

Logistics Viewpoints

SEPTEMBER 7, 2022

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. Do I need more inventory? In the BD supply chain, it is the procurement team that plays a key risk management role. Procurement managers need to focus on more than just saving money. Do it every time. “I

Supply Chain Visibility 205

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 205

SCMDOJO

MARCH 27, 2024

As an all-in-one package, it cleans megatons of junk and makes everything run faster. That includes inventory tracking, order management, demand forecasting, and logistics planning. 3 Precoro Precoro simplifies procurement processes for small to medium-sized businesses. Cons: It is more focused on procurement.

Supply Chain Design Software 69

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 69

GlobalTranz

FEBRUARY 17, 2016

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. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Understand Data Integrity to Reduce Inventory Costs.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Unleashed

SEPTEMBER 16, 2019

The most effective way to streamline procurement activities is to include a well-considered purchase order cycle as part of your purchasing processes, one that allows you to plan for expenses and budget for the costs of doing business. A purchase order cycle. Vendor qualification and selection. Creating the purchase order.

Procurement Solutions 45

Procurement Solutions Purchasing Skills Vendor Strategies Expense Reduction 45

ToolsGroup

JUNE 15, 2021

Polaris, which manufactures a wide range of vehicles including motorcycles, snowmobiles, ATVs, and agricultural vehicles, deployed ToolsGroup’s supply chain planning software to optimize spare parts inventory in its complex European distribution network against the high target service levels that its customers expect. Go to www.SDCExec.com.

ToolsGroup 120

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply and Demand 120

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction. Remove the noise.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69

Supply Chain Shaman

OCTOBER 1, 2013

Both companies provide packaging materials to the food manufacturing industry. Owens Illinois provides glass products and Sonoco Products provides flexible packaging. ” As a supplier three to four levels back in the supply chain, life as a packaging provider is tough. Here I contrast their results. So, what can we learn?

Illinois 251

Illinois Waste Reduction Supply Chain Planning Software S&OP 251

Claritum

AUGUST 4, 2020

Introduction Procurement is a complex. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. the procurement function. the procurement function. The procurement environment is dynamic and constantly changing with.

Procurement Solutions 41

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 41

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. Bernstein & Co., Can you help us with what you see in the data?”

Optimal Sourcing 301

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

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. Inventory is one of the most important assets of any company, as it’s the basis for generating revenue.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

QAD

FEBRUARY 20, 2024

From the automotive industry with both OEMs and Tier 1 suppliers, through to packaging companies supplying the CPG industry. Then there is the procurement of replacement materials / inventory. From my recent conversations with companies one topic is becoming increasingly prevalent — stock loss.

Manufacturing Procurement 96

Manufacturing Procurement How To Material Savings Supply Chain Design Software 96

Enterra Insights

OCTOBER 11, 2022

For example, manufacturing may be tasked to fill all orders which requires having inventory on-hand in distribution centers. However, distribution centers may be given the conflicting task of minimizing excess inventory space and cost. ” • Manage inventory. ” • Be demand-driven.

S&OP 130

S&OP Supply Chain Planning Software Supply and Demand Supply Chain Planning 130