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Beware the Swinging Pendulum on Supply Chain Inventory Practices

Logistics Viewpoints

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?

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Specialized Food Inventory Software

My Office Apps

Differentiating Specialized Food Inventory Software: Beyond Standard Inventory Management Solutions Not all inventory management software is created equal. This guide illuminates the key differences between generic inventory solutions and specialized software tailored for the intricacies of the food industry.

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2021 Supply Chain and Inventory Management Trends

EazyStock

2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. With that in mind, here are a few trends for 2021 that could help your business outlast the pandemic: Supplier Diversification. Automation.

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Finished Goods Inventory: Definition & Formula

Unleashed

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

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Unlocking the Power of Inventory Control Techniques

Logility

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.

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Sorry Planners, Your Plan is not Necessarily a Quality Decision

Supply Chain Trend

Decision making According to authors of the book Decision Quality , a decision is only made when resources are irrevocably allocation to the execution of the decision. Decision Quality If we make decisions, we want to have some decision quality. If not, the decision quality is near zero. So, what’s that?

Quality 88
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Improve Forecast Quality and Reliability with Value-add Forecasting (Part 1)

Logility

In fact, demand forecasts are used throughout the supply chain including supply chain design, purchasing, operations, inventory, and sales and marketing. Value-add forecasting is one way companies are now realizing incremental improvements in their forecast quality and reliability. Organizational alignment. Price optimization.