Logility

MAY 25, 2023

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. This is where inventory control techniques come in.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

Unleashed

MARCH 8, 2023

Choosing the best inventory management software isn’t easy. This guide is designed to inform you which features are most important, the best time to invest in inventory software, and the costs you can expect to pay. Key considerations Manual management of inventory is time-consuming and prone to error.

Inventory Management Software 52

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

The Smart Software

AUGUST 19, 2019

The post Top 3 Most Common Inventory Control Policies appeared first on Smart Software. The post Top 3 Most Common Inventory Control Policies appeared first on Smart Software.

Policies 41

Policies Inventory Forecasting Forecasting Software 41

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 105

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 105

ToolsGroup

MARCH 20, 2018

The 2018 Nucleus Research Inventory Optimization (IO) Value Matrix Report has just been released, and analyst Seth Lippincott identifies the latest technology trends, top inventory optimization solution providers, and the strengths and weaknesses of each vendor.

Optimization Software 192

Optimization Software Vendor Strategies Inventory Reduction Network Optimization 192

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

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

The Smart Software

JULY 8, 2019

In this blog, we review 10 specific questions you can ask to uncover what’s really happening with the inventory planning and demand forecasting policy at your company. The post Reveal Your Real Inventory Planning and Forecasting Policy by Answering These 10 Questions appeared first on Smart Software.

Forecasting 43

Forecasting Policies Forecasting Software Supply Chain Planning Software 43

Demand Solutions

MARCH 11, 2015

And that leads me to the point of this article: your company needs a clearly defined stocking policy that guides decisions like these. The typical company stocking policy goes something like this: “One of our favorite customers said they would continue buying this product if we keep it in stock.”. Extra inventory.

Policies 100

Policies Inventory Reduction Supply Chain Planning Software Forecasting Software 100

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

The Smart Software

NOVEMBER 27, 2023

In this blog, the spotlight is cast on the software that creates reports for management, the silent hero that translates the beauty of furious calculations into actionable reports. The post Direct to the Brain of the Boss – Inventory Analytics and Reporting appeared first on Smart Software.

Analytics Software 52

Analytics Software Analytics Inventory Report 52

Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Management Software 74

Inventory Management Software Inventory Reduction Inventory Management Inventory 74

ToolsGroup

AUGUST 1, 2022

Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase. Knowing the importance of managing the return of merchandise, let’s look at the goals and benefits of a customer-centric return policy.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

ToolsGroup

JUNE 8, 2018

Gartner Research analyst Paul Lord has developed a thought-provoking approach (shown in the above diagram) for tailoring supply and inventory tactics to different inventory segments. Traditional ABC inventory models segment inventory into A, B and C categories based on annual consumption value.

Modeling 197

Modeling Optimal Sourcing Inventory Reduction Demand Planning Software 197

The Smart Software

MARCH 15, 2021

Epicor User Group Webinar: Top 3 Inventory Control Policies. SVP Research and Professor Emeritus at Rensselaer Polytechnic Institute, defines and compares the three most used inventory control policies. The post Inventory Planning Processes: Challenges and Opportunities appeared first on Smart Software.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Supply Chain Planning Scenario Planning 52

QAD

MAY 23, 2023

There are too many ESG-linked policies to list and new ones are emerging seemingly every day, but here are a few you should watch: The US Uyghur Forced Labor Prevention Act took effect on June 21, 2022, and requires importers to prove that products do not contain any trace of material associated with China’s Xinjiang region.

Procurement Solutions 94

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 94

The Smart Software

DECEMBER 5, 2023

Or they may configure their ERP to order more when on hand inventory gets to 2 x the average demand over the lead time for important items and 1.5 The post Why Inventory Planning Shouldn’t Rely Exclusively on Simple Rules of Thumb appeared first on Smart Software. x for less important ones.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Forecasting Supply Chain Planning 52

The Smart Software

DECEMBER 5, 2023

Or they may configure their ERP to order more when on hand inventory gets to 2 x the average demand over the lead time for important items and 1.5 The post Why Inventory Planning Shouldn’t Rely Exclusively on Simple Rules of Thumb appeared first on Smart Software. x for less important ones.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Forecasting Supply Chain Planning 52

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Inventory Management Software 98

Inventory Management Software Inventory Management Procurement Solutions Forecasting Software 98

The Smart Software

AUGUST 7, 2023

Lead time delays and supply variability are supply chain facts of life, yet inventory-carrying organizations are often caught by surprise when a supplier is late. An effective inventory planning process embraces this fact of life and develops policies that effectively account for this uncertainty.

Supply Chain Planning Software 82

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Policies 82

The Smart Software

JUNE 19, 2023

To overcome these challenges, this blog outlines key strategies that prioritize service levels, utilize probabilistic methods to calculate reorder points, regularly adjust stocking policies, and implement a dedicated planning process to avoid excessive inventory.

Inventory Reduction 85

Inventory Reduction Price Mitigation Strategies Supply Chain Planning Software Supply Chain Strategy 85

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Modeling 98

Modeling Optimization Software Inventory Reduction Optimization Modeling 98

The Smart Software

OCTOBER 27, 2022

Statisticians use the phrase differently, in a way that has high relevance for demand planning and inventory optimization. This blog is about “regime change” in the statistical sense, meaning a major change in the character of the demand for an inventory item.

Supply and Demand 52

Supply and Demand Inventory Optimization Software Demand Planning Software 52

The Smart Software

APRIL 8, 2024

Companies that depend on spreadsheets for demand planning, forecasting, and inventory management are often constrained by the spreadsheet’s inherent limitations. The post The Cost of Spreadsheet Planning appeared first on Smart Software.

Supply Chain Planning Software 83

Supply Chain Planning Software Inventory Management Software Forecasting Software Supply Chain Planning 83

The Smart Software

OCTOBER 19, 2022

Microsoft 365 BC and NAV can manage replenishment by suggesting what to order and when via reorder point-based inventory policies. The post Extend Microsoft 365 BC and NAV with Smart IP&O appeared first on Smart Software.

Forecasting Software 75

Forecasting Software Predictive Analytics Software Forecasting Inventory Reduction 75

EazyStock

JUNE 23, 2022

This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it! This article explores some of the benefits of big data to inventory management teams.

Inventory Management Software 52

Inventory Management Software Big Data Inventory Management Inventory Reduction 52

Supply Chain Game Changer

SEPTEMBER 1, 2021

A successful new business model has come to the forefront, and it doesn’t require you to have an inventory. How You Can Manage Your E-Commerce Store With No Inventory. The customer only needs to order the product from your storefront, which means you won’t need an inventory. Another approach is to create your own software.

Inventory Reduction 87

Inventory Reduction Inventory Supply Chain Design Software Logistics Network Optimization Software 87

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

The Smart Software

OCTOBER 27, 2022

Epicor Kinetic can manage replenishment by suggesting what to order and when via reorder point-based inventory policies. The post Extend Epicor Kinetic’s Forecasting & Min/Max Planning with Smart IP&O appeared first on Smart Software.

Forecasting 66

Forecasting Forecasting Software Supply Chain Planning Software Predictive Analytics Software 66

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

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

EazyStock

MARCH 3, 2022

In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items. How to implement JIC inventory management with optimum stock levels. Just in case inventory management doesn’t have to mean inflating stock to really high levels.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Forecasting 52

Vanguard Software

MARCH 12, 2021

Inventory replenishment involves purchasing and moving inventory, both finished goods and raw materials, from reserve storage to primary storage and eventually to the selling location. The Importance of Inventory Replenishment. Factors to Consider. Download Case Study. ABC Classification.

Modeling 52

Modeling Inventory Reduction Optimization Software Supply Chain Optimization 52

Supply Chain Shaman

SEPTEMBER 20, 2015

How will the policy be executed? Today, there is not a well-defined template on how to build and operate a supply chain defined by customer policy and segmentation strategy. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Logistics Viewpoints

JULY 22, 2021

The process as is implemented in many companies focuses on balancing demand and supply based on preestablished rules and policies that serve as guardrails for the planning process. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks. One off recommendations are made about facility locations (i.e.,

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Logistics Bureau

MAY 24, 2021

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”. Let’s Start with Safety Stock.

Inventory Reduction 98

Inventory Reduction Inventory Supply Chain Planning Software Company 98

RFgen

AUGUST 18, 2021

The automotive industry manages complex inventories in addition to facing vast outside pressures. Many automotive companies have found long-term success with mobile barcoding software. Inventory management shouldn’t be a nightmare. Inventory management shouldn’t be a nightmare. In-house mobile app development.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Management Software Automotive 52