Freightos

AUGUST 26, 2015

The Experts’ Choice of the Top Online Logistics Resources. So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. is one of the industry’s most respected logistics sources. The businessman’s news source of choice, global export and import volumes (as well as buying trendings) are key to informing supply chain professionals.

Resources 261

Resources Logistics Cargo Handbook 261

Kinaxis

MARCH 19, 2019

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.

Inventory Management 197

Inventory Management Inventory Training Data 197

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. When starting your importation business, finding the primary resources required is one of the first and most vital steps. Who is a Product Sourcing Agent? Subscribe Here!

Sourcing 60

Sourcing Quality Asia eBook 60

Supply Chain Game Changer

OCTOBER 29, 2020

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. These are the must-haves for any effective freight sourcing team. Subscribe Here! Email Address.

Sourcing 40

Sourcing Benchmarking Freight Cargo 40

ToolsGroup

AUGUST 28, 2018

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.

Inventory 131

Inventory Manufacturing Forecasting Analytics 131

Talking Logistics

MAY 6, 2019

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”.

Inventory 85

Inventory Survey Third Party Logistics DC 85

ToolsGroup

FEBRUARY 5, 2019

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.

Inventory 120

Inventory North America Analysis Europe 120

Unleashed

DECEMBER 15, 2019

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. Let’s compare the strengths and weaknesses of both international and domestic sourcing options. International Sourcing. Reaping the benefits of international sourcing.

Sourcing 54

Sourcing Bolivia Indonesia Russia 54

ToolsGroup

JUNE 8, 2018

Source: Gartner Research. 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. Inventory Optimization

Inventory 171

Inventory Chemicals Pharmaceutical Research 171

EMERGE App

NOVEMBER 16, 2020

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.

Inventory Management 52

Inventory Management Inventory Software Retail 52

QAD

JUNE 25, 2019

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.

Metrics 85

Metrics Inventory Benchmarking Lean 85

Unleashed

MARCH 15, 2019

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 59

Inventory Six Sigma Lean Resources 59

EazyStock

DECEMBER 13, 2020

Were any resources lacking to impede your response to the effects of coronavirus? Optimize Inventory. Start with a detailed overview of what inventory is currently in your supply chain. Next comes crafting an inventory management plan to mitigate your greatest risks.

Inventory Management 60

Inventory Management Inventory Strategy Supply Chain Performance 60

USC Consulting Group

APRIL 1, 2020

Sales, Inventory & Operations Planning (SIOP) is a dynamic process in which the company’s operating plan is updated on a regular monthly or more frequent basis. The plans take into account projections made by the sales and marketing departments, the resources available from manufacturing, engineering, purchasing, and finance, and are directed toward hitting the company’s objectives. Objectives of Sales, Inventory & Operations Planning.

Guidelines 52

Guidelines Inventory Customer Service Meeting 52

Unleashed

OCTOBER 4, 2019

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.

Inventory 40

Inventory Warehousing Food Supply Chain 40

EazyStock

JULY 19, 2019

What is inventory optimization? You’ve heard of inventory management, and you probably already have some inventory management practices implemented in your supply chain. So what is inventory optimization? According to Wikipedia, inventory optimization is: “a method of balancing capital investment constraints or objectives and service-level goals over a large assortment of stock-keeping units (SKUs) while taking demand and supply volatility into account.”.

Inventory 50

Inventory Policies Forecasting Analysis 50

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. And, of course, inventory. Subscribe Here!

Inventory Management 56

Inventory Management Inventory eBook Software 56

KEPLER Consulting

OCTOBER 18, 2017

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath. Back to the origins, the Sourcing Offices have been developed by retailers for two main reasons: #1 Gather demands coming from various entities within a same group.

Sourcing 53

Sourcing Exercises Quality Groups 53

Requis

OCTOBER 30, 2020

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

Sourcing 52

Sourcing Bangladesh Sustainability China 52

TPSynergy

JANUARY 9, 2020

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.

Inventory 40

Inventory 3PL System Third Party Logistics 40

Talking Logistics

SEPTEMBER 24, 2018

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: Top 5 Inventory Insights ,” 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. Source: “Omni-Channel Logistics Leaders: Top 5 Inventory Insights,” Adelante SCM & LEGACY SCS.

Inventory 91

Inventory SCM Report Canada 91

Cerasis

JANUARY 21, 2015

However, all are well worth employing to seek that holy grail of pushing out waste, inefficiency, and most importantly resources (time and money) out of your supply chain. 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. The distributor maintains the inventory plan.

Inventory 252

Inventory Supply Chain Conference Analysis 252

EFT

MAY 19, 2020

The Insight Hub doesn’t just give us an opportunity, for the first time, to house all this industry leading content in one place, it also gives us the scope, resources and platform to create, commission and curate a far broader collection of business-critical intelligence than ever before. In addition, you can’t really understand the full picture of supply chain risk without listening to a webinar we ran entitled: COVID-19: Implications on Inventory Planning, Sourcing and Procurement.

Resources 44

Resources North America Conference Analysis 44

Kinaxis

AUGUST 2, 2016

To combat its planning issues, Sonus took four steps to improve demand, reduce inventory, and share information better across the entire network. Sonus worked to seamlessly connect data from multiple sources, including traditional enterprise resource planning (ERP) software, existing Excel spreadsheets, and even its customer relationship management (CRM) tool.

Demand Planning 140

Demand Planning Inventory Forecasting Data 140

OptiProERP

JUNE 17, 2019

Inventory visibility is one of the critical aspects of any manufacturing business. It helps organizations understand how much inventory is available, at what location , and at any given point of time. To ensure inventory visibility, you should have access to view, manage, and update your inventory status from trusted software. What Improved Inventory Visibility does. Smarter resource allocation. Inventory ties up money.

Inventory 53

Inventory Warehousing Procurement Benchmarking 53

EazyStock

JANUARY 9, 2020

Common Challenges of Inventory Management. Small- and mid-sized businesses (SMBs) must respond to external market pressures and are therefore up against a multitude of inventory management challenges. This post will look at the inventory management challenges surrounding supply chain complexity. Inventory Management Challenge 1: Supply Chain Complexity. Increased difficulty tracking inventory along the supply chain. Blog Inventory management

Inventory 40

Inventory Software System Strategy 40

synchrono

JANUARY 8, 2018

A few decades ago, Vendor Managed Inventory (VMI) was a hot topic. Many manufacturers saw it as a way to reduce inventory levels and costs. If they could get their suppliers to maintain ownership of raw materials or subcontracted components until consumed, inventory levels would naturally drop—on paper anyway. And if the forecast was overstated, the manufacturer didn’t need to worry about excess vendor-managed raw material or contracted-components inventory.

Inventory 63

Inventory Manufacturing Lean Case Study 63

Cerasis

FEBRUARY 17, 2016

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock. If you are looking for warehouse cost reductions, chances are you are stocking too much inventory. Understand Data Integrity to Reduce Inventory Costs. Source: [link].

Lean 191

Lean Inventory Management Inventory Six Sigma 191

EMERGE App

AUGUST 5, 2018

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this. Nowadays it refers to inventory management software because computational power is needed to effortlessly calculate, for example, landed costs for purchases and CBM for your packing lists.

Inventory Management 43

Inventory Management Inventory Illinois Turkey 43

EazyStock

FEBRUARY 7, 2020

Inventory Management, Business Growth & Expanding Product Portfolios. At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. In this three-part blog series we’re looking at each of these inventory management problems. In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. Optimizing Inventory Levels as SKUs Grow.

Inventory 40

Inventory Policies Software How To 40

ThroughPut

JANUARY 28, 2019

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management. What one can’t ignore, however, is all the external factors that also directly, and indirectly, affect inventory processes.

Inventory 76

Inventory Global Lean Resources 76

Kinaxis

NOVEMBER 19, 2014

Reason #6 Not effectively managing inventory. Having wasted time going to that store, I’d be less inclined to use that store in the future – at least I’d be much less likely to trust their website’s inventory. If the planned lead-time is longer than actual, you get excess inventories. Finally, inaccurate cost information may cause you to make incorrect sourcing decisions. On Hand Inventory quantity/status. by John Westerveld.

Japan 203

Japan Data Supply Chain Forecasting 203

Supply Chain Brain

AUGUST 21, 2020

What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind. What’s more, the data from this study doesn’t come from surveys and questionnaires, it is sourced from real data from E2open’s diverse customer base.

Benchmarking 40

Benchmarking North America Study Chemicals 40

EazyStock

OCTOBER 10, 2018

Variety – The different forms of data sources. The analyzed data is gathered from a variety of sources, including both software and hardware, and is collected from devices all over the world, ranging from jet engines and heavy equipment to solar powered trashcans and electric toothbrushes. Big data exists in real-time and involves prompt access to data, alerts and inventory management and control metrics through cloud computing systems.

Big Data 43

Big Data Inventory Management Inventory Comparison 43

Supply Chain Opz

MARCH 26, 2015

What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory Control can be defined as below: “Inventory control is the function responsible for all decisions about all goods and materials in an organization. Inventory control often starts with how to know the demand of particular product. What is Inventory Cost?

Inventory 109

Inventory Forecasting Policies Guidelines 109