SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 98

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 90

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 90

Unleashed

FEBRUARY 8, 2024

Effective inventory tracking is a critical component of inventory management. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. What is inventory tracking? It helps to reduce inventory shrinkage and loss.

Inventory Management Software 52

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

Supply Chain Opz

JUNE 23, 2014

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. The reason is that most people now realize the value of planning practice like Sales and Operations Planning (S&OP).

Inventory Management Software 220

Inventory Management Software Inventory Management Inventory Reduction Inventory 220

American Global Logistics

NOVEMBER 21, 2023

This article sheds light on some common challenges associated with big data, including data quality, security, and privacy concerns. Data Quality Challenges Data quality plays a pivotal role in the success of any analytics initiative. Some common data quality challenges include: 1. And that will distort your insights.

Analytics Software 52

Analytics Software Quality Security Analytics 52

SYSPRO Smarter ERP

AUGUST 1, 2022

The details held within the BOM can be used with different sourcing policies to ensure you get the best product from the right supplier at the best price and availability, ensuring customer satisfaction and reduced costs. BOM is an essential part of your quality and control systems. BOM within your ERP.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Material Savings Manufacturing Procurement 111

Logistics Viewpoints

OCTOBER 30, 2023

Executives must have the fortitude to make changes in the operating policies and the network infrastructure that may affect the lives of employees. For this project, Solvoyo consultants built a network design model and ran more than 120 scenarios to refine the customer service and inventory mix strategy.

Vendor Strategies 230

Vendor Strategies Cost Reduction Strategies Modeling Inventory Reduction 230

Enterra Insights

APRIL 4, 2024

Supply chain journalist Helen Atkinson suggests that savvy retailers accept the inevitable and use their returns policy to differentiate themselves from their competitors. ”[4] Some retailers have decided that changing returns policy is the best way to go. ” How do retailers identify abusive customers?

Price Reduction 100

Price Reduction Supply Chain Strategy Cost Reduction Strategies Inventory Reduction 100

Supply Chain Shaman

DECEMBER 7, 2023

The ability of an organization to deliver reliable and consistent results for revenue, margin, customer service, and quality in the face of demand and supply variability. I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. Today, this is not the case.

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 303

Logility

DECEMBER 15, 2023

With the combination of advanced inventory management, modern demand planning, and a finely sales and operations process, F&B businesses can navigate fluctuating customer demands, stringent regulations, and a steady flow of new product launches. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Unleashed

FEBRUARY 21, 2024

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. A good returns policy is crucial for ensuring a smooth customer experience. Let’s break this down into simple steps.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

Kinaxis

JUNE 15, 2015

by Andrew Dunbar So you’re an inventory manager, and your CFO just asked you to reduce inventory by 10% before year end to free up some capital for next year’s big investment in R&D. But then you look at historical trends and see that lately, your inventory has been growing by 3% each quarter.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Reduction Inventory 100

Unleashed

APRIL 25, 2023

Due to the high volume (and often, high value) of B2B customer orders, inventory management presents several unique challenges for manufacturers and wholesalers. This B2B inventory management guide breaks down those challenges and outlines the core benefits and key features to look for in reliable B2B software. What is B2B inventory?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 52

SCMDOJO

JANUARY 17, 2024

The company accepts or rejects the return request: Depending on the company’s return policy, the dedicated personnel accept or reject the return request. It is then sorted and inspected for quality. Restocking and putting back in inventory: If the product is QC passed, the warehouse stores and stocks it as per the inventory policy.

Inventory Reduction 86

Inventory Reduction Supply Chain Planning Software Material Savings Cost Reduction Strategies 86

Vinculum

JULY 9, 2022

At the heart of every growing eCommerce business doesn’t lie great sales or a great marketing strategy – how strategic your inventory management is what gears a successful product-based eCommerce business. Inventory Management may spiral out sometimes, but not with the best inventory management systems.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Predictive Analytics Software 52

Logility

AUGUST 15, 2023

But instead of reaching just one peak, supply chain planners must climb four – service, inventory, cost, and sustainability. Coordinate every step with insight and action Companies using a platform that synergizes service, inventory, cost, and sustainability stand at the precipice of a highly progressive approach to supply chain planning.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Supply Chain Opz

MARCH 26, 2015

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. The reason is that most people now realize the value of planning practice like Sales and Operations Planning (S&OP).

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Reduction Forecasting 100

Kinaxis

JULY 23, 2015

by Andrew Dunbar This post concludes my inventory management blog series. Throughout this series I’ve proposed an elevated role for the inventory manager that challenges the assumption that an inventory manager is a victim of his colleagues’ business decisions and plays only a limited role in formulating inventory results.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Supply Chain Planning Software 100

Arena Solutions

NOVEMBER 4, 2022

Why a Product-centric Approach to Quality Matters. My name is Inga Hanson, I’m the Managing Editor of MedTech Intelligence and I will be your host for today’s webinar, Why a Product-centric Approach to Quality Matters. Catie has over 25 years of experience in quality and document control at various global medical device companies.

Quality 52

Quality Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 52

Kinaxis

JUNE 1, 2015

by Andrew Dunbar Inventory is often the single largest asset on a company’s balance sheet and your inventory management process can have a huge impact on your organization’s bottom line. When you think about the priorities of your inventory management process, what’s the first thing that comes to mind? We want your feedback.

Inventory Management Software 100

Inventory Management Software Inventory Reduction Inventory Management Inventory 100

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. In fact, we are introducing our newest blog category so you may easily read all supplier quality management type posts here. . Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Logility

MAY 26, 2022

25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain. The bullwhip effect creates a demand-constrained supply chain marked by excess inventory, production planning problems, and even adversely affects customer service. Then, there’s the issue of surplus inventory.

Demand Planning Software 173

Demand Planning Software Supply and Demand Modeling Supply Chain Planning Software 173

Precoro

DECEMBER 18, 2023

Yet procurement in healthcare influences the overall well-being of medical institutions and, ultimately, the quality of patient care. Healthcare procurement is a multifaceted process that involves managing suppliers, requesting healthcare products, approving the requests, monitoring inventory, tracking expenses, and overseeing budgets.

Procurement Solutions 59

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 59

Supply Chain Shaman

APRIL 26, 2022

It also assumes that order consumption logic can improve inventory positions by defining a good safety stock position, or the translation of the order signal into a planned order for manufacturing capacity can help to minimize constraints. As a result, it is difficult to connect outputs to rules, policies and strategies.

Manufacturing Procurement 217

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 217

SYSPRO Smarter ERP

MARCH 2, 2022

This means that the past practice of just-in-time inventory management will need to be more flexible and allow a just-in-case approach. Just-in-case involves holding more inventory so that sales are not lost due to inventory being unavailable. The situation changes with a larger number of suppliers. Risk management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Logility

AUGUST 12, 2021

Higher income, less waste, better quality, and improved food security are among the benefits of the farm-to-fork movement growing worldwide. Advanced Inventory Management. As one of the most visible supply chain expenses, inventory movement depends on customer service levels, supply chain design, and product quality.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Scenario Planning 130

Logility

AUGUST 16, 2017

One potential way to reduce costs without lowering the quality of healthcare is to optimize how much inventory is required and where that inventory is positioned. Minimizing the amount of inventory required to provide advanced healthcare reduces both working capital and obsolescence. Can we safely reduce inventory?

Optimization Software 57

Optimization Software Inventory Reduction Supply Chain Optimization Price Mitigation Strategies 57

DELMIA Quintiq

DECEMBER 21, 2020

The amount of time spent using these outdated tools is a barrier to the efficiency of planning teams and represents a risk to the quality of the company’s results when they are put into practice. All of these methods fail to provide the necessary visibility and agility for the necessary supply chain plans.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Modeling Supply Chain Planning 296

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

Manufacturers’ digital transformation (DX) efforts are typically focused on driving efficiencies, quality, and innovation. Ordering, manufacturing and positioning of inventory in preparation for maintenance activities. Sustainable Transformation Requires Digitalisation.

Resource Reduction 243

Resource Reduction Supply Chain Design Software Resources Sustainability 243

Enterra Insights

MARCH 14, 2022

Atwater fears that tighter monetary policies and Just-In-Case supply chains will encourage inflationary pressures. Sheffi observes, “One argument is that the just-in-time discipline enables companies to cut inventory carrying costs even if that comes at the expense of the integrity of their supply chains. ”[3].

Just-in-Time 130

Just-in-Time Inventory Reduction Supply Chain Planning Software Resource Reduction 130

Locus

NOVEMBER 28, 2023

Implement Robust Return Policies: Clearly defined and transparent return policies can minimize returns due to buyer’s remorse and can help set clear expectations for the customers. Top Five Strategies that Shippers can Implement to Reduce Return to Origin 1.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Price Mitigation Strategies Reverse Logistics 52

EMERGE App

MARCH 11, 2021

Inventory is the store or stock of goods. And in this post, you’re going to know the type of inventory exists. Four Types of Inventory. There are four types of inventory : work-in-progress, finished goods, raw material, and MRO goods. Finished goods inventory is that stock of completed products.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Manufacturing Procurement 52

SCMDOJO

AUGUST 16, 2023

Read More: ERP Master Data: A Guide to Improve Quality & Governance ] Role of Data Analysis through Barcode Scanning and Point-of-Sale Systems Data analysis is at the core of Walmart’s supply chain prowess.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

Enterra Insights

APRIL 18, 2024

There, too, policy has shifted from reliance on the free market and private business towards greater government control.”[3] Finding cost-effective solutions while maintaining product quality and customer satisfaction is a constant challenge.” Parallel changes have occurred in Xi Jinping’s China. have decided to glocalize).

Global 130

Global Cost Reduction Strategies Expense Reduction Inventory Reduction 130

Arkieva

DECEMBER 7, 2016

For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Inventory, together with receivables, are essential components of the cash-to-cash cycle time.

Optimization Software 60

Optimization Software Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 60

ToolsGroup

MAY 28, 2020

As a consequence inventory became difficult to plan. As product demand signals on certain products drop, companies will find themselves with excess inventory, often with a limited shelf life, and they will need to look at offloading that inventory. What kind of inventory is available in our supply chain?

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 156

Synovos

NOVEMBER 10, 2023

The objective of the EcoVadis methodology is to measure the quality of a company’s sustainability management system through its policies, actions, and results. Of particular note is the progress made by our People and Ethics teams to further improve our policies, performance, and disclosure in the area of labor and human rights. “We

Eliminating Excel in Purchasing 105

Eliminating Excel in Purchasing Groups Optimal Sourcing Manufacturing Procurement 105