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

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Adequate cross training is not occurring fast enough to fill the gap. Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits. Manufacturers can use forecasting to support inventory optimization.

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Changing Landscape of Supply Chain Executives Traditionally, supply chain executives excelled in managing functions like transportation, warehousing, inventory, and production planning but supply chain process extends beyond the firm, involving global relationships with suppliers and customers.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

Unleashed

DECEMBER 9, 2018

The biggest challenge of inventory control is getting the balance right, to meet the challenge of matching supply volumes to customer demand and with any good enterprise or activity, it usually pays to start with the basics. Inventory optimisation basics. Unique, short and unmistakable numbers for inventory items.

Inventory Reduction 63

Inventory Reduction Inventory Supply Chain Planning Software Inventory Management Software 63

Supply Chain Shaman

JUNE 29, 2022

The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. We can no longer assume that government policy is rational, variability is low or logistics are available. These core assumptions are no longer true. This reset is not an evolution.

Supply Chain Design Software 256

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 256

Unleashed

OCTOBER 20, 2021

For example if you’re running a product-based business then inventory management is essential. From inventory tracking and safety stock levels to assembly, purchasing and shipping, getting inventory management right will increase your chances of success. Get your inventory management processes right from the start.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Predictive Analytics Software Forecasting Software 52

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. What’s your budget?

Inventory Management Software 52

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

The Logistics & Supply Chain Management Society

NOVEMBER 25, 2023

These disruptions can be triggered by various factors, including geopolitical tensions, changes in government policies, or unforeseen events like pandemics. Redundancy entails the presence of backup suppliers, alternative transportation routes, and sufficient inventory buffers within the supply chain network.

Sourcing Strategies 130

Sourcing Strategies Material Savings Inventory Reduction United Arab Emirates 130

Supply Chain Insights

JUNE 1, 2017

This past month I attended our Supply Chain Insights Bootcamp training led by Lora Cecere in Philadelphia and facilitated the first course of a Cross-Company Academy training, End-to-End Supply Chain Orchestration. Cross-Company Academy is a 7 month online training course, Bootcamp is a 2 day in-person training course.)

Supply Chain Strategy 161

Supply Chain Strategy Supply Chain Software Price Mitigation Strategies Supply Chain 161

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

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

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

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

Pushing the Supply Chain Reset Button by Lora Cecere , Founder, Supply Chain Insights Supply Chain Leaders Can’t Afford to Guess About the Future The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. These core assumptions are no longer true.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

Enterra Insights

DECEMBER 26, 2022

The staff at SupplyChainBrain explains, “Overstocked retailers are cutting back on lenient pandemic-era return policies heading into the holiday season.”[2]. Today’s consumers take a lot of factors into consideration when they make a purchase — including product availability, price, delivery dates, and return policies.

Pricing Training 130

Pricing Training Purchasing Skills Purchasing Training Procurement Solutions 130

The Logistics & Supply Chain Management Society

OCTOBER 17, 2022

Border controls, China’s zero-covid policy and global shipping costs and energy prices is putting increasing pressure on supply chains throughout the Asia Pacific region. Inventory and Capacity Buffers. Whether in the form of underutilised production facilities or inventory in excess of safety stock requirements.

Agile and Lean Supply Chain 246

Agile and Lean Supply Chain Supply Chain Planning Software Sourcing Strategies Supply Chain Software 246

Kanban Logistics

NOVEMBER 30, 2022

A cornerstone of the modern warehouse, WMS software manages many key warehouse functions, including inventory control (e.g., lot-level traceability and expiration date tracking), inventory positioning, order management, order visibility and reporting. Are the 3PL’s associates adequately trained?

Pharmaceutical 98

Pharmaceutical Warehousing Distribution 3PL 98

Unleashed

AUGUST 30, 2021

Because even small manufacturing firms with limited capital can reduce the risk of suffering unexpected outages through measures like preventive maintenance, staff training and the use of smart manufacturing software. This is when shutting down a piece of equipment is written into company policy. What is downtime in manufacturing?

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Software Predictive Analytics Software Material Savings 98

Logistics Viewpoints

OCTOBER 21, 2021

The rapid shifts to eCommerce during the pandemic caused retailers and brand owners alike to flex their network nodes (where goods are made and inventories are stocked) significantly. The supply chain nodes which were once deemed to be relatively static have become far more dynamic in the recent past.

Supply Chain Design Software 190

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Modeling 190

Procurement Academy

OCTOBER 18, 2023

After all, these training programs provide a range of benefits, spanning from specific role-focused activities like inventory control, supply, and demand planning, or project management, to giving employees the tools they need to drive their creativity and productivity, thus significantly contributing to business success.

Negotiating Skills 52

Negotiating Skills Buyer Training Supply Chain Performance Pricing Training 52

TransAudit

DECEMBER 13, 2023

Develop circular economy knowledge and skills through training programs and pilot projects. For example, inventory turnover rates incentivize volume-based models rather than product durability. Changes may require changes to the physical environment, workflow, and training — all of which have a cost attached to them.

Supply Chain Design Software 88

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

Demand Solutions

MARCH 27, 2020

When trying to answer this question, many people think of company perks like benefits programs, flexible schedules, office lunch parties and open-door policies. They're the teams responsible for forecasting inventory requirements, managing inventory replenishment functions and sourcing inventory from suppliers.

Atlanta 173

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy 173

ThroughPut

APRIL 30, 2024

The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency. Blue Yonder: Comprehensive Supply Chain Planning Solutions Blue Yonder is an omnichannel planning platform that enables order fulfillment. How AI Adds Value to Supply Chain Tools?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Vinculum

SEPTEMBER 28, 2021

As online commerce continues to grow, supply chain leaders and operations professionals in retail are rethinking the role of the store to optimize omnichannel fulfillment performance and better utilize inventory. With the ship from store model, retailers have been able to leverage store inventory. What is Ship from Store?

Shipping 52

Shipping Inventory Reduction Cost Reduction Strategies Price Reduction 52

Supply Chain Insights

JULY 23, 2017

Understand inventory write-offs, impact of forecast processes and technology satisfaction in the planning benchmarking. Customer Centric Policies. Training. We want to help, we offer three types of training. Take this course to build the organizational muscle to move supply chain segmentation into policy and execution.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 0

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Procurement planning functionality (essentially the planning of future purchase orders) is typically a subset of broader supply planning applications that plan manufacturing work orders, inventory levels, shipments, as well as purchase orders, to meet demand.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

SCMDOJO

APRIL 11, 2023

‘Excel Supply Chain Analysis: Solving Inventory Problems’ by LinkedIn Learning Excel is a powerful tool that can be utilized to help analyze inventory costs and develop effective inventory policies. He covers how to evaluate quantity discounts, and how to calculate production quantities to maximize profit.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

Unleashed

OCTOBER 31, 2023

But unlike workforce management, workforce optimisation also monitors your employee’s quality and performance to reveal if further training or upskilling is required. Develop strategies to fill identified gaps and inefficiencies in employee skills through training, upskilling, cross-training, and other tactics to optimise your workforce.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Logistics Bureau

DECEMBER 18, 2017

Good inventory management, like everything else, starts with good planning. But planning isn’t just the start; it’s the very foundation of effective inventory control. Inventory planning also happens to be an area that many companies fail to prioritise sufficiently. The Basics of Inventory Planning.

Supply Chain Planning Software 40

Supply Chain Planning Software Inventory Reduction Inventory Management Software Supply Chain Planning 40

SCMDOJO

DECEMBER 18, 2023

Ensuring Timely Repairs: Having a well-managed inventory of spare parts ensures quick and timely repairs. Improving Employee Productivity: A well-managed spare parts inventory ensures that employees can swiftly access the components they need. Let’s explore the key strategies to ensure your maintenance operations run smoothly.

Inventory Reduction 63

Inventory Reduction Optimal Sourcing Expense Reduction Vendor Strategies 63

NC State SCRC

JANUARY 16, 2024

The Department of Defense released four days ago its inaugural National Defense Industrial Strategy (NDIS), which is intended to guide the Department’s engagement, policy development, and investment in the industrial base over the next three to five years. This does not exist today.

Sourcing Strategies 72

Sourcing Strategies Material Savings Inventory Reduction Resource Reduction 72

ToolsGroup

APRIL 20, 2022

Sarah Voorhees, VP of Demand and Inventory Planning at American Tire Distributors , is one such leader who emphasizes the importance of individual check-ins: A 1:1 conversation can be intimidating, though, especially if the person has sensitive concerns. And remember to monitor those review sites. Step away from the spreadsheets.

Sourcing Strategies 194

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 194

Supply Chain Shaman

FEBRUARY 28, 2021

An exercise that I love to do in my training is to ask business leaders to draw data flow in their current decision processes. For example, Vendor Managed Inventory (VMI) systems, a useful stream of customer data, do not connect to planning. Today, organizations are larger, more complex, and the speed of business is faster.

Supply Chain Planning Software 363

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 363

QAD

JULY 8, 2021

Poor inventory management and lack of full inventory visibility, including inventory held by next tier suppliers. Some suppliers may carry excess inventory in anticipation of unknown demand, while others will allocate their limited production capacity to other customers or markets, as is the case in the semiconductor shortage.

Supply Chain Planning Software 87

Supply Chain Planning Software Forecasting Forecasting Software Manufacturing Procurement 87

Supply Chain Shaman

MARCH 9, 2020

With the downturn in the financial markets, the looming recession, and the fundamental shifts in demand—less travel and stay at home work policies—demand is changing. Few are given training on the technology deployed. With greater pressure on shorter cycles and less asset availability, getting good at inventory processes increased.

Supply Chain Design Software 301

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

ToolsGroup

OCTOBER 3, 2022

Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” Moreover, the new policy of purchasing online and picking up in-store adds to the already high-stress environment for in-store employees.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

Logility

OCTOBER 18, 2022

This means supply chain leaders have had to shift from using trains back to using ocean freight and getting goods to market takes longer. Rethink just-in-time inventory policies: There could be another pandemic or another war. Agility means having the ability to respond quickly and think outside the box when necessary.

Supply Chain Disruption 130

Supply Chain Disruption Predictive Analytics Software Predictive Analytics Agile and Lean Supply Chain 130

Supply Chain Shaman

MAY 17, 2015

There is a need to plan for the future when there is a lack of definition in items, markets and policies. 2) Inventory is a Hot Potato that No One Wants, but Everyone Needs To Own… In the process of feeding the beast, inventory is a hot potato that no one wants, but everyone needs to own. Figure 5: Inventory Ownership.

Supply Chain Planning Software 150

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

SCMDOJO

FEBRUARY 19, 2024

– Six Sigma can design and implement a company-wide and highly structured education and training regimen – No Six Sigma project will be approved unless the team determines the savings generated from it, hence focus on bottom-line savings. – DMAIC methodology links tools and techniques in a sequential manner.

Six Sigma 75

Six Sigma Optimal Sourcing Continuous Improvement Agile and Lean Supply Chain 75