Santa & Opening Presents - Christmas S&OP For Parents

Enchange Supply Chain Consultancy

Christmas Humour Supply Chain S&OP Logistics Management Inventory Management & Stock Control“Dashing through the snow In a one horse open sleigh…”.

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Trade promotion forecasting: the present and the near future

ToolsGroup

The next step is to accurately predict the uplift from baseline expected to be generated by the promotion so that supply chains can optimize inventory to properly support the promotion. This includes pre-filling inventory, forward locating inventory to respond to unexpected spikes in demand, and gracefully exiting from the promotion in a way that doesn’t leave a lot of excess inventory, especially if there is a period of slow demand immediately after the promotion.

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Regaining control: Inventory management best practices (Part four)

Kinaxis

by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced. In the final part of my inventory management best practices series, I take a look at some additional practices that are important, or even crucial , to successful supply chain efforts.

Smart Software to Present at NESCON 2019

The Smart Software

provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that Greg Hartunian, CEO, will present at the NESCON 2019, New England Supply Chain Conference & Exhibition Keynote. The post Smart Software to Present at NESCON 2019 appeared first on Smart Software. Smart Software, Inc.,

Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.” His feeling was that inventory is an asset to manage. Inventory is both. Inventory management is a complex subject.

Five Suggestions for Practical Inventory Management

Logility

The real problem, however, was inventory. The client had a warehouse full of old stock that had been sitting unwanted for years , and there wasn’t enough room to accommodate the inventory that they were selling. . Just get rid of the old s tock and create plenty of room for the inventory that sells , thereby eliminating the need to move to a larger, more expensive facility. What is the right inventory level for your business? .

Supply Chain Visibility: Past, Present, and Future

Talking Logistics

Once you’ve built the digital network and data record, you can start to overlay executable processes to collaborate with partners on functions such as bookings, inventory management, and cost management. The post Supply Chain Visibility: Past, Present, and Future appeared first on Talking Logistics with Adrian Gonzalez. Achieving end-to-end supply chain visibility has been the Holy Grail for industry executives — always desired, but seldom achieved.

Regaining control: Inventory management best practices (Part one)

Kinaxis

by Richard Cushing It happens to be axiomatic that you cannot manage your inventory if you do not control your inventory. Managing versus controlling inventory. The numbers (read: quantities) in the ERP system aren’t reliable because, while the company is busy “managing” its inventory, it has pretty much neglected the matter of “controlling” their inventory. Inventory management best practices.

Smart Software CEO to Present at Epicor Insights 2019

The Smart Software

Greg Hartunian, President at Smart Software will present a keynote on Inventory Managementat at Epicor's annual customer conference in Mandalay Bay Resort In Las Vegas April 15-18. The post Smart Software CEO to Present at Epicor Insights 2019 appeared first on Smart Software. Smart Software will also be on hand to profile the solution in booth # 2.

Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. The presentation is on slideshare.) In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession. The technology teams, focusing on implementation and go-live dates, believes that inventory technologies and processes are equal to the challenge.

Is Poor Inventory Performance Holding You Back?

Kinaxis

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ The authors, Anandhi Narayanan, Senior Manager, Advanced Customer Solutions, Charles Thomas, Director, IT Customer Solutions, Stacey Greene, Director of Inventory Optimization and Robert Rejano, Processes and Applications Advisor, all with Celestica, describe the critical steps needed to drive inventory performance improvements.

Smart Software to Present at NESCON 2020

The Smart Software

Greg Hartunian, CEO of Smart Software, under the tittle "Traditional inventory Planning Processes: Problems and Solutions", will present how to empower planning teams to reduce inventory, improve service levels, and increase operational efficiency.

Smart Software to Present at NESCON 2020

The Smart Software

Greg Hartunian, CEO of Smart Software, under the tittle "Traditional inventory Planning Processes: Problems and Solutions", will present how to empower planning teams to reduce inventory, improve service levels, and increase operational efficiency.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Spinnaker Management Group asked me to co-present on a demand-driven webinar with SanDisk. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. As I sat with the team, and discussed the future of supply chain, they impressed me with their by their use of planning tools and their process diligence on building inventory strategies to enable a customer-segmented supply chain.

Inventory Planning in Global Crisis with Advanced Inventory Planning

Valogix

COVID-19 is presenting a challenge we have never experienced before. Companies are struggling to make sense of their inventory demand forecasting and stock replenishment planning. inventory optimization Inventory Planning Solutions supply chain planningSupply chains across the globe have been upended. Cases range from plummeting sales to unprecedented peak sales and to longer lead times, to unavailable stock. This may become the new normal.

5 Tips to Improve Omnichannel Inventory Management

Unleashed

That includes the importance of robust inventory management to retail. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky. Many brands are turning to omnichannel inventory management to meet the challenge. We’re going to share five tips to help you make omnichannel inventory work for you. What is Omnichannel Inventory Management?

Retail’s Phantom Inventory Menace, or the Ghosts of Christmas Present

Supply Chain @ MIT

Even with today’s sophisticated inventory management systems, retailers are woefully unaware of just how low on-shelf availability is for many of the products they carry. The culprit is “phantom inventory”—goods that […]. Featured Strategy managing missing inventory MIT Center Transportation & Logistics phantom inventory retailers' inventory problems Supply chain research why products go AWOL in stores

When SMBs Hit the Inventory Planning Complexity Wall

ToolsGroup

Inventory planning is especially important to small-to-midsize businesses (SMBs). Nobody wants to tie up more working capital than necessary in inventory, but SMBs typically have leaner resources, and a higher cost of capital means it’s more expensive to fund excess stock. Yet for many SMBs, inventory complexity is getting worse. As complexity grows, so do the challenges of managing inventory.

Are Ghost Assets Haunting Your Inventory Control?

Supply Chain Game Changer

Do You Want Inventory Turnover Breakthrough? A ghost asset is any asset that meets two conditions: It’s no longer present, working or otherwise usable. It’s still being recorded in inventory and accounting systems. After an asset has broken, been sold, been misplaced or otherwise become unusable, it sometimes doesn’t get properly accounted for in inventory and record-keeping. They present their own set of hazards and, like ghost assets, are highly undesirable.

Practicing Social Distancing while Keeping Inventory Moving during COVID-19 pandemic

PINC

Once the details are validated by the driver, he or she is presented with a drop location based on criteria (i.e., live/drop, type of inventory, type of equipment, load status, etc.). We would like to add to West’s point that It’s also imperative that trailers, containers, and inventory are tracked not just over the road but also while these assets are parked at facilities across the U.S.A. . All the information collected is presented online on PINC’s yard platform.

The Bionic Supply Chain: The human, robotics, drones inventory management workforce.

PINC

More recent challenges, such as the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, have emerged creating an even more demanding environment. For these reasons, proper inventory management—accompanied by the ability to move inventory throughout the supply chain at a high velocity and lower cost—has become a must-have in today’s business climate.

The Two Levers of Inventory Optimization

Logility

Back to present day and the supply chain. Two powerful levers a company can use to optimize inventory are “Working Capital” and “Customer Service Levels.” Your company’s inventory efficient frontier is a tradeoff curve between working capital and service level and represents the currently achievable service level at any corresponding inventory investment. eBook: The Inventory Optimization Handbook.

Three New Ways Retailers Can Improve Inventory Performance

ToolsGroup

By using data to stock items with higher forecasted demand, they can reallocate cash that would normally be tied up in poorly performing inventory, avoid margin erosion from markdowns and dead stock, and increase overall on-shelf availability metrics. Yet paradoxically retailers front-load inventory to the store, under the belief that goods must be on the shelf to sell. The challenge is that once it's forward-deployed, it's not always cost effective to re-position inventory.

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Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor’s inventory levels. The distributor maintains the inventory plan.

Speed up your eCommerce Business with Inventory Management Software

Vinculum

Inventory management plays a vital role in building a sustainable, scalable and profitable eCommerce business. No matter how expert you are, how bigger or smaller your business may be, what products you sell, or who do you serve, lack in your inventory management can bring bigger challenges in your business success. Thus, inventory Management Software is really an essential tool for your business to gear itself up. What is Inventory Management System?

Smart Software to Present at P21WWUG CONNECT 2020

The Smart Software

Smart Software today announced that Dr. Thomas Willemain, co–Founder and SVP Research, will present the Video Session "Top Inventory Policies Explained" at P21WWUG CONNECT 2020 from August 14 - September 11 , 2020.

How Demand Forecasting Helps You Manage Inventory

AFFLINK

As businesses scale, they need to investigate the accuracy of their inventory management and forecasting processes. Through better demand, an organization will be able to better manage inventory, increase revenue, and improve customer support. The Major Pain Points of Inventory Management. Inventory management is extraordinarily complex. As companies expand, they often find themselves losing control of their inventory management.

Why Have We Not Reduced Inventory?

Supply Chain Shaman

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory? Have the early adopters of inventory optimization seen a reduction in inventory on their balance sheets?” It is in presentation after presentation.

The Past, Present, and Future of Technology in the Warehouse

Logistics Bureau

Even now, in our less labour-intensive warehouse environments , technological progress continues to disrupt and transform the way we manage inventory storage and throughput. Improved inventory management. Sophisticated analytics help operators find and eliminate process weaknesses ; Inventory management software helps companies to optimise stock levels , while modeling tools do the same in construction design and warehouse layout planning.

Improve Your Inventory Control with Demand Forecasting

Unleashed

Demand forecasting and planning sounds like a complex task requiring input from a team of accountants and economists but, in reality, it’s an easy way to improve your inventory control. In simple terms, demand forecasting uses supply chain information to plan the levels of stock needed to meet expected demand which gives greater inventory control to the supplier. A holistic approach to inventory control. Anticipatory Inventory Could be the Answer.

Inventory Management Techniques That You Need to Know About

EMERGE App

Not Another List of Inventory Management Techniques. I want to start by saying that this is not an exhaustive list of all the possible inventory management techniques available for all industries. Rather, it’s a carefully curated list of inventory management techniques that work for our wholesale and distribution customers around the world. What we will cover are practical inventory management techniques that: Our customers use; and.

ABC Analysis of Inventory: Optimize Business Bottom Line

OptiProERP

The most common concern supply chain management experts struggle with is accurately identifying the causes of inventory inconsistencies. If a discrepancy is identified when users pick an item or perform a count, an inventory correction needs to be performed. Every inventory issue has a specific method that can be adopted to resolve it. Perform a recount of the inventory in question, preferably by someone who was not involved in the initial count. Inventory Management

Accurate Inventory Forecasting, No Crystal Ball Needed

Unleashed

Proper demand forecasting and inventory control can save a company from buying too much or too little of something, which of course avoids expensive overstock scenarios or stockouts. Accuracy and the ability to capitalise on forecasts will depend on the success of a company’s inventory control practices and ability to understand itself and its market. The only way to accurately predict future inventory demand is to use accurate, timely data.

The Ongoing Evolution of Inventory Control

Unleashed

Prior to the industrial revolution, inventory control was all but not existent. Or perhaps they wrote down all sales and deducted the transactions from the inventory quantities they presumed they had. These were passed to employees in the storeroom, who would present the items to the front counter for the customer. Managers could then record inventory stock and sales data. Barcodes for inventory control. The evolution of inventory control.

Don’t Take a Holiday from Inventory Management

Talking Logistics

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Companies that have too much inventory on-hand right now are struggling to clear out space ahead of the season, slashing prices and concerning stakeholders as profit margins creep downward.