Experts Choice Of Top Online Logistics Resources

Freightos

The Experts’ Choice of the Top Online Logistics Resources. World Civil Aviation Resource Net. Online marketing enthusiast and an inventory and supply chain optimization devotee, David covers both ends of the supply chain at his Supply Chain Inventory & Supply Chain Optimization blog. The post Experts Choice Of Top Online Logistics Resources appeared first on Freightos.

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.

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[PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization

Cerasis

Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. Supply Chain Resources to Download The Supply Chain Trends to Know in 2020 Download White Paper Why Blockchain will Create Extreme Supply Chain Management Optimization Download White Paper Revenue Growth At The Hand Of Improved Digital Supply Chains Download White Paper The.read More. Inventory Management Podcast Supply Chain Inventory Forecasting

Optimizing Inventory Is About Improving Service While Lowering Inventory. Wait, What?

ToolsGroup

make the best or most effective use of (a situation or resource). Equally mystifying to people is the concept of inventory optimization. – Don’t you have to raise inventory levels to guarantee service levels?” ABC was okay for managing inventory, but not optimizing it.

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? .

Understanding E-Commerce Fulfillment: Definition, Process, Resources!

Supply Chain Game Changer

There are four basic components of the e-fulfillment process: ECommerce store and fulfillment center integration Receiving and inventory management Order fulfillment Returns processing. Receiving and Inventory Management. Then, those pallets get logged into inventory and placed on shelves, ready to fill your orders. When pallets sit on a loading dock, your products aren’t in inventory. Of course, no inventory means no sales. You don’t buy inventory.

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. Many times, I have been told, “Our people just don’t trust the numbers they see in the enterprise resource planning (ERP) system. Managing versus controlling inventory. Inventory is shipped, or taken, to trade shows expecting a full return; but the quantities returned are seldom the same as the quantities check-out.

Inventory Management

LeanCor

Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. If we’re going to get inventory into consumer hands the same day they place the order, the inventory has to be 1) available and 2) less than 8 hours away. This requires us to push the boundaries of current inventory management practices, or hold lots of inventory network-wide.

Consignment Inventory Management: The Complete Guide

EMERGE App

There are different ways for retailers to get and sell their inventory. The most common being where a retailer purchases their inventory and stocks it in their warehouse for the customers to buy. However, consignment inventory can be a risk-free option for the retailer.

The Future of Inventory Management

Kinaxis

by Andrew Dunbar This post concludes my inventory management blog series. Throughout this series I’ve proposed an elevated role for the inventory manager that challenges the assumption that an inventory manager is a victim of his colleagues’ business decisions and plays only a limited role in formulating inventory results. Inventory management is not a stand-alone business process that occurs after other processes are complete. General News Inventory managemen

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

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.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. Inventory is the culmination of many business decisions. The Inventory Management Journey.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Jeff: We all know that globalization is affecting the supply chain and companies don’t have the same flexibility with local resources as they did a decade or two ago. It then uses this model to understand the impact of demand forecasting on inventory.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Jeff: We all know that globalization is affecting the supply chain and companies don’t have the same flexibility with local resources as they did a decade or two ago. It then uses this model to understand the impact of demand forecasting on inventory.

The Inventory Accuracy “Confidence Gap”

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: 5 Key Insights to Improve Inventory Performance for 2019 ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.

Design, Operating and Situational Inventory Trade-Offs

ToolsGroup

Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. Many companies struggle with decisions such as “How many days of sales or inventory turns per year should we target? or “How can we reduce inventory and improve our balance sheet?”. Structural inventory is a direct result of design choices.

What is Material Requirements Planning and Material Resource Planning Software

OptiProERP

Recognizing that labor and machines also were key requirements for achieving a plan, MRP II (manufacturing resource planning), extended the idea of production requirements to include the number of labor and machine hours needed in the factory. What is Manufacturing Resource Planning (MRP II) Software? The completely integrated planning and control system is called manufacturing resource planning, or MRP II. The primary benefits of MRP software are: Inventory reduction.

Vendor Managed Inventory (VMI): Everything You Need to Know

EMERGE App

Within the global supply chain, vendor managed inventory (VMI) is becoming an essential service. That is why most retailers will opt for managed inventory to guarantee an increase in delivery rates. . In return, this will improve inventory management. Customer Orders Inventory.

Segmenting Your Inventory by Gross Margin and Demand Variability

ToolsGroup

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. As we showed in a previous blog, it’s not the only way to segment your inventory, nor nearly the best. Lord calls this “situational inventory”.

[PODCAST] The Role of Supply Chain Technology for More Effective Inventory & Warehouse Management

Cerasis

Listen to “The Role of Supply Chain Technology for More Effective Inventory & Warehouse Management” on Spreaker. Supply Chain Technology Downloadable Resources Why Blockchain will Create Extreme Supply Chain Management Optimization Download White Paper A Guide to Maximize the Use of TMS Download White Paper The Digital Supply Chain: The Landscape, Trends, Types, and the.read More. Inventory Management Podcast Supply Chain Technology Warehouse supply chain technolog

Metrics that Matter: Inventory Effectiveness

QAD

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Inventory effectiveness measures the process that delivers the right part to the right place at the right time, while minimizing investment and meeting customer requirements. Best Practices for Inventory Effectiveness.

What is Inventory Forecasting & Why your Business needs it?

Arkieva

Inventory Forecasting is the process in which the historical sales data, historical purchasing data, current demand planning, planned production, and distribution resource plan data are used for predicting inventory levels in a future time period. What is Inventory Forecasting & Why your Business needs it?

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits. The place to start for a more efficient inventory stocking strategy is better understanding your demand so you can precisely predict how much goods you need, where and when.

3 Inventory Control Techniques to Improve and Maintain Inventory Accuracy

Unleashed

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Having poor and inaccurate inventory control can be costly because it causes issues such as unplanned stock-outs, the shipping of wrong products to customers, wasted resources trying to locate misplaced items and inventory shrinkage.

Inventory Management Remains Challenging

Enterra Insights

Every business person who deals with inventory management is involved in a balancing act. Keep too little inventory on hand and you risk losing sales and, on occasion, customers. Keep too much inventory on hand and the costs add up resulting in lower profits. It’s little wonder inventory management systems have gained popularity. ”[1] He adds, “Even with all this power, there are several disadvantages to inventory control worth considering.”

Inventory Management in Manufacturing Environment

LeanCor

Firms today are beginning to understand more and more that high levels of inventory aren’t just detrimental to costs but also for hiding other potential issues. Inventory management starts with lean buying and planning tactics as well as streamlined inventory management standard processes for material handling and planning. The beginning stage of inventory management doesn’t begin at the dock door rather it begins with the supplier. By: David Sherman.

Why Medical Device Companies Need End-to-End Inventory Visibility

DSI

The constant and rapid movement of inventory in the medical device industry wreaks havoc on manual, paper- and spreadsheet-based systems. Inventory visibility gaps result in missed orders or excessive safety stock. Benefits of end-to-end inventory control include: Productivity.

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.

Solving Traditional Inventory Challenges with Online Inventory Control

Unleashed

Factors affecting inventory managament are becoming equally complex with multifaceted supply chains and vast networks of manufacturers, suppliers, distributors, wholesalers and retailers from which to source, distribute and sell products. Factors affecting inventory control. Inventory stock challenges range from longer, less reliable lead times to difficulty tracking inventory along the supply chain and across multiple warehouses. Online inventory control solutions.

ERP inventory management – how advanced is your ERP?

EazyStock

What is ERP inventory management? Many organizations have an enterprise resource planning (ERP) system to collect, store, manage and interpret data from a host of different businesses processes. ERP inventory management limitations. Does your ERP optimize your inventory levels?

Are Ghost Assets Haunting Your Inventory Control?

Supply Chain Game Changer

Do You Want Inventory Turnover Breakthrough? 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. These non-assets linger in inventory and accounting systems, potentially becoming a liability for the business. Reconciliation of physical inventory with accounting systems. Subscribe Here!

A Brief History of the Founding of the Supply Chain Resource Cooperative (SCRC)

NC State SCRC

And every project we do here, although they may all look at things like market intelligence, cost modeling, inventory analysis, business process analysis, or whatever is unique. The following is a transcript of the speech I gave to individuals who attended our SCRC 20th Anniversary Event this past April 2019.

Consignment Inventory Management For Dummies

EMERGE App

The dealer is tying up a finite and important resource (cash) in the purchases of stock (cars). So you just witnessed how consignment inventory works. What Exactly is Consignment Inventory? Consignment inventory is a supply chain strategy where a retailer (the used car dealer) agrees to sell a product (nice used sports car) and store it in a warehouse (the dealer’s parking lot). Pros and Cons of Consignment Inventory.

What is Field Inventory? Tracking and Managing Inventory Outside the Warehouse

DSI

Companies with operations in the field have the unique challenge of managing inventory that is held and used in places outside of the warehouse. This inventory often includes high-value assets, materials and tools, so tracking it is crucial to running an efficient, profitable organization. This is where a mobile field inventory solution comes in. Unlike many warehouse management systems, field inventory is designed to work outside the traditional warehouse.

Top 5 Ways Inventory Tracking Technology Is Evolving

Cerasis

Inventory tracking is among the top areas most impacted by omnichannel supply chain strategies, and consumer spending habits are forcing inventory tracking technology to evolve, making sure consumers can get the products they want, through the media and channels they want, and at the prices they want. However, inventory tracking technology is evolving, and your company needs to understand how it will promote omnichannel shopping strategies.

Inventory Visibility – Beyond ERP

TPSynergy

Inventory Visibility. Inventory is a key part of any business. Manufacturing, Distribution businesses depends on availability of correct inventory. Important feature of inventory is its visibility. If the inventory lies in a corner of the warehouse and not visible to Planners, it will add to inefficient resource utilisation. ERP and Inventory Visibility. Most of the business today, depends upon their In-house ERP system for inventory visibility.