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

Enterra Insights

NOVEMBER 23, 2021

Much of the finger-pointing involved the movement of shipping containers into and out of port facilities. For the supply chain to work smoothly, a complex and highly choreographed dance, involving both full and empty shipping containers, must be performed. More than 80 ships stretched to the distance — a new record. ”[1].

Supply Chain Design Software 130

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

Unleashed

AUGUST 29, 2023

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates tedious manual tasks that can be prone to human error, improving the accuracy of a company’s recorded inventory levels and reducing inventory carrying costs.

Inventory Management Software 52

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

Freightos

JANUARY 15, 2024

This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year. In fact, the hard reality is that looking back over the past decade, supply chains have been disrupted by shipping bankruptcies, wars, pandemics, geopolitics and tariffs.

Negotiating Skills 292

Negotiating Skills Optimal Sourcing Price Reduction Vendor Strategies 292

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover is expressed as a financial ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Supply Chain Game Changer

SEPTEMBER 1, 2021

Drop Shipping Teddy Bears! A successful new business model has come to the forefront, and it doesn’t require you to have an inventory. It is easy to learn how to manage an e-commerce store without the extra work required to stock and ship goods. How You Can Manage Your E-Commerce Store With No Inventory. Drop shipping.

Inventory Reduction 87

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

Supply Chain Shaman

SEPTEMBER 10, 2023

I worked for AMR Research (now Gartner). His position was that the research that I was writing was not being aggressive enough in the definition of global supply chain planning requirements. I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. Old habits die hard.)

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

GlobalTranz

SEPTEMBER 13, 2018

The path to perfect implementation of a new e-commerce shipping strategy is not always clear, and it comes with several challenges that can undermine the efficacy and cost-effectiveness of e-commerce. Channel-specific processes. Delays in order fulfillment and delivery. Troublesome returns management. Increased risk.

Price Reduction 181

Price Reduction Cost Reduction Strategies Resource Reduction Inventory Reduction 181

ShipBob

MAY 22, 2023

Shipping labels may seem like a tiny piece of the ecommerce puzzle, but they are critical to both inbound and outbound logistics and are vital to your online store’s success and customer satisfaction. What is a shipping label? Why are shipping labels important? What do you want to learn?

Shipping 98

Shipping Logistics Network Optimization Software Analytics Software How To 98

Supply Chain Matters

AUGUST 25, 2022

Supply Chain Matters reflects on an all too familiar challenge when conditions of excess inventory exist in supply chain planning, execution and customer fulfillment processes. . The presumption is that this inventory will be made available for this year’s holiday fulfillment period. Background. That is the cascading implication.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Inventory Management Software 52

EMERGE App

DECEMBER 12, 2019

If you’re that kind of person, then drop shipping is the thing for you. What is Drop Shipping? Drop shipping is a business method where you (store owner/ retailer) ship products directly from manufacturers or wholesalers to the customer. You don’t need to own a warehouse and pile up the inventories.

Shipping 69

Shipping Manufacturing Procurement Purchasing Skills Procurement Solutions 69

Freightos

SEPTEMBER 14, 2022

The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages.

Logistics 156

Logistics Cargo Comparison Freight 156

The Logistics & Supply Chain Management Society

APRIL 26, 2022

According to Accenture Technology Vision 2021 research, Cloud, AI, and Digital Twins are among the top technologies supply chain executives are looking to deploy in their organizations. Digitisation for Optimised Capacity and Inventory Buffers. Dr Nassar’s main research interest is sustainability and supply chain resilience.

Analytics Software 246

Analytics Software Supply Chain Planning Software Supply Chain Software Predictive Analytics 246

Freightos

OCTOBER 25, 2023

Reports by many major retailers that inventories are now under control is a positive sign for the possibility of a restocking cycle after the holidays if spending holds up. But the run down of those inventories in the last few months also meant less importing and a relatively short and subdued peak season this year.

Asia 177

Asia Europe Price Reduction Freight 177

Logistics Viewpoints

JANUARY 12, 2024

Amazon shipped last-minute Christmas gifts faster in 2023 than in 2022, according to data from analyst firm Momentum Commerce. products on the platform warned it would ship after Christmas. products on the platform warned it would ship after Christmas. DHL Group does not operate ships but it uses them to transport containers.

Logistics Network Optimization Software 257

Logistics Network Optimization Software Price Reduction Inventory Reduction Resource Reduction 257

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

ShipBob

OCTOBER 8, 2021

And, with the growth of ecommerce, customers are buying unique luxury or everyday perfumes online at more affordable prices than ever before — while also still expecting fast shipping. . The different types of perfumes that shipped regularly include . But no matter what type of perfume you sell, shipping perfume is a risky endeavor.

Shipping 52

Shipping Pricing Training Negotiating Skills Material Savings 52

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Cathy Roberson

AUGUST 15, 2022

Many retailers are feeling inventory pains despite assuring analysts that they're quite pleased with their inventory levels. Mind you, some retailers may indeed be pleased with their inventory levels, but others may be trying to figure out where to store the excess inventory since so many warehouses are beyond full.

Inventory Reduction 52

Inventory Reduction Resource Reduction Inventory Cost Reduction Strategies 52

Logility

APRIL 27, 2015

This mentality is giving way to a more analytical approach, a granular view of inventory across the supply chain. Although the buyer may commit to a certain volume of product from the supplier, this does not mean they actually have to take possession of that inventory. It costs a lot of money to ship, store and reship merchandise.

Research 102

Research Supply Chain Planning Software Inventory Reduction Modeling Software 102

Logistics Viewpoints

MAY 26, 2023

Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. And now on to this week’s logistics news. general merchandise stores expanded 1.2

Negotiating Skills 202

Negotiating Skills Pricing Training Jordan Purchasing Training 202

PINC

APRIL 29, 2020

Research firm Gartner , Inc. live/drop, type of inventory, type of equipment, load status, etc.). There’s no more the need for gate personnel or shipping and receiving office teams to interact with drivers at check-in and check-out. The gate arm opens automatically and the driver proceeds.

Demand Planning Software 147

Demand Planning Software Logistics Network Optimization Software Inventory Reduction Supply Chain Software 147

Supply Chain Matters

OCTOBER 12, 2022

The Logistics Managers Index Report® , compiled by researchers at Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University and the University of Nevada Reno , and in conjunction with the Council of Supply Chain Management Professionals (CSCMP) , reported a September value of 61.4,

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

Supply Chain Matters

JUNE 10, 2022

In our Supply Chain Matters commentaries focused on online customer fulfillment and especially the 2021 holiday fulfilment period, we cautioned retail and consumer goods supply chain management teams to be watchful for the bullwhip effect in inventory planning and replenishment needs to support expected customer demand.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply Chain Planning 52

Logility

APRIL 20, 2016

Further, they are designing dynamic supply chain practices that hold lower inventories while serving those distinct new markets and customers. Think about it: If inventory is constantly in motion, then shouldn’t the transportation strategy be linked to this more dynamic allocation strategy ? Evaluate modes and carriers.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Research Price Reduction Inventory Reduction 100

Cathy Roberson

SEPTEMBER 7, 2021

Despite supply chain costs increasing and available capacity almost a rarity, retailers are undertaking a variety of ways to make sure they receive their inventory in time for the ever-important holiday season. “We feel good about the composition of our inventory. It's been difficult to plan inventory flow with much precision.

Inventory Reduction 92

Inventory Reduction Inventory Sourcing Strategies Retail 92

Supply Chain Game Changer

DECEMBER 9, 2020

The list is long: Inventory management is handled through your ERP Your product development team works through the PML Sales and marketing are housed in the CRM And it feels like half the company is still managing product data in spreadsheets. Inventory management starts with the fundamental in and out of your supply chain.

Inventory Management Software 98

Inventory Management Software Inventory Management Optimal Sourcing Inventory Reduction 98

Logistics Viewpoints

JUNE 16, 2022

According to a survey by Gatepoint Research, 40% of retailers are focusing on this as one of their 2022 priorities. Step One: Right Inventory in the Right Location. To provide this service, inventory must be close to the customer therefore stores are fast becoming a key part of the digital experience.

Forecasting 278

Forecasting Inventory Reduction Retail Survey 278

Logistics Viewpoints

JUNE 1, 2023

As we’ve seen over the past few years, businesses will keep automating and integrating supply chain planning capabilities, including demand-sensing, dynamic safety-stock management, inventory optimization, and external collaboration. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 192

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 192

EMERGE App

FEBRUARY 22, 2019

We spend hours researching and comparing the lowest possible prices for goods. And we pick the most cost effective means of shipping. But while the newly arrived goods sit in your warehouse, did you know that there are also costs associated with keeping inventory? What is Inventory Carrying Cost? Introduction.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Purchasing Skills Inventory 75

Logility

APRIL 3, 2017

Now, being a supply chain person, I ask myself, just how much inventory does this company have to maintain to have a part for a 17-year old refrigerator sitting on the shelf and ready to ship? In fact, many companies that provide after-market parts and service deal with the challenges of managing a long-tail of inventory.

Inventory Reduction 100

Inventory Reduction Inventory Supply Chain Planning Software Modeling 100

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements? Focus on right-sizing inventories.

Supply Chain Design Software 130

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

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. Use Sales Forecasting.

Modeling 52

Modeling Inventory Reduction Optimization Software Supply Chain Optimization 52

Intelligent Audit

JULY 29, 2021

As the delta variant provides an added layer of uncertainty throughout the world, experts frantically search for solutions as peak season shipping 2021 approaches. Navigating peak season shipping 2021 will prove to be the biggest challenge for logistics professionals around the globe. Disruption Will Only Continue.

Shipping 45

Shipping Inventory Reduction Cost Reduction Strategies Price Reduction 45

Ware2Go

NOVEMBER 6, 2021

Offering international shipping in your ecommerce shop can open your business up to a world of opportunity. This straightforward guide defines some commonly used terms and outlines your options to ship cross-border and expand your customer base. For DDP shipments, the seller pays the duties upfront before shipping the item.

Shipping 52

Shipping Procurement Analytics Purchasing Skills Supply Chain Planning Software 52

Logistics Viewpoints

MAY 19, 2022

He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supply chains. Containerization eventually reduced shipping and loading costs by at least 75%. If you’re a business leader, why do you care about better math?

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

Supply Chain Matters

FEBRUARY 25, 2022

merchants held a total of nearly $643 billion in inventories, described as being below pre-pandemic level, while the closely watched inventory to sales remained near its lowest point in 30 years. With the on-time arrival times of container ships down to a level of less than 36 percent, and with ocean transit times from Asia to U.S.

Supply Chain Planning 40

Supply Chain Planning Inventory Manufacturing Procurement Supply and Demand 40