Supply Chain Security: Playing It Safe

Inbound Logistics

Successful companies are concerned about inventory loss, fraud, terrorism, product tampering, diversion, counterfeiting, smuggling, the theft of proprietary information, and cybercrime. Here’s how to prevent these threats from negatively impacting your company’s bottom line and reputation

What is Inventory Optimization?

EazyStock

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? Inventory Optimization will make you more competitive.

Getting Inventory Right: Hope with Hype and Recycled Software?

Supply Chain Shaman

In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks. In the research for the inventory optimization and the S&OP reports, I find a handful of VERY experienced SAP clients doing codevelopment with the SAP IBP product.

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

Essentially, blockchain is a shared database that enables different users can append new data, authenticate user’s new data with strong cryptography, and provides incentives for other strangers to manage and secure updates. Christopher Tang.

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

Essentially, blockchain is a shared database that enables different users can append new data, authenticate user’s new data with strong cryptography, and provides incentives for other strangers to manage and secure updates. Christopher Tang.

Medicine's Inventory Nightmare

Elementum

However, many hospitals and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems. These figures can be attributed to the fact that inventory management poses a particularly challenging task in the healthcare industry, where inventory needs constantly fluctuate, requiring meticulous tracking methods. medical supplies healthcare inventory management

Real-Time Inventory Management: 5 Ways Advanced Computer Analytics Will Transform Traditional Inventory Management

Cerasis

Manufacturers have always struggled to obtain the most accurate inventory levels possible. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. In our predictions’ blog post from earlier this year, we noted how customization will begin to replace traditional inventory management, and essentially, customization goes back to using computer analytics to generate a more accurate, successful view of inventory management.

Medicine's Inventory Nightmare

Elementum

However, many hospitals and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems. These figures can be attributed to the fact that inventory management poses a particularly challenging task in the healthcare industry, where inventory needs constantly fluctuate, requiring meticulous tracking methods. medical supplies healthcare inventory management

How Artificial Intelligence and Global Economic Factors Affect Inventory Optimization

ThroughPut

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.

Staying Ahead of the Inventory Game with Stock Control

Unleashed

Inventory management and stock control can be a very difficult game to play let alone to actually win. Reactive inventory management can result in a much tighter demand to stock ratio where there is not a great deal of excess. On the other hand, proactive stock control involves the act of planning inventory acquisition based on perceived market trends. The post Staying Ahead of the Inventory Game with Stock Control appeared first on Unleashed Software.

Inventory Reduction: The Path to Supply Chain Management

LeanCor

Inventory Reduction: The Path to Supply Chain Management. Inventory is not only a critical part of supply chain management; too often it is the main cause of a painfully incremental progression toward effective and genuine supply chain management. This inventory builds.

Is Your Supply Chain Customer-Centric?

DynaSys

To support customer service level, Supply Chain focuses on visibility, traceability, and flow security, as well as just in time delivery. The service level usually expressed as a percentage is a measure of satisfying demand through inventory or by the current production schedule.

How Inventory Management is Paving the Path Forward in an On-demand World

Unleashed

Inventory management in an on-demand world is one of the biggest challenges in the supply chain today. Inventory management involving brick-and-mortar stores as well as eCommerce is ever-evolving and more dynamic than ever before. This article looks at how inventory management is paving the path forward in an on-demand world and what this means for business owners. What if the distribution centre manages both store and eCommerce inventory stock?

What is Web Based Inventory Management Software?

EMERGE App

You run a lean business model with minimal overheads and using web-based inventory management software plays a big part in this. Web encryption standards now ensure the security and privacy of data saved at remote servers. What to Expect from Web-Based Inventory Management Software.

What is Inventory Management?

EMERGE App

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.

IBM Helps Danone to Accelerate and Secure Order Processing and B2B Interactions Through a Smarter Commerce Partner Network

Supply Chain Network

IBM today (NYSE: IBM), announced that Danone, a leading global dairy producer, is working with IBM to provide a secure trading network for that helps expedite and automate business transactions with its customers, business partners and suppliers. Emerging Trends Information Technology News & Info Professional Communications RFID RFID Information Security social media Supply Chain Management Support Services & Industry Initiatives b2b business processes control edi visibility

Understanding Inventory Reconciliation

Unleashed

It can be a pretty big task, but inventory management is necessary to keep a company afloat. One piece of the inventory management puzzle is inventory reconciliation. Let’s delve into the ins and outs of inventory reconciliation so you have a better understanding of its role in the warehouse. So, what is inventory reconciliation? This comparison allows you to see if there is a difference between your inventory stock records and what you actually have on hand.

Your supply chain is costing you money – Reason #5 Not having a supply chain risk management process

Kinaxis

If your demand decreases, you have excess inventory or idle capacity. IT security: This is also often ignored when thinking about Supply Chain risk. Not a pleasant idea to think about but something that is happening every day despite the billions of dollars spent on IT security.

Benefits of Inventory Serial Number Tracking

EMERGE App

Regular readers will know that we’re big fans of using barcodes and handheld readers for inventory management. Next, we’ll examine the benefits of using serial number tracking for inventory. They do not form part of a saleable stock or the inventory of the business.

Vendor Managed Inventory? Think twice and consider the risks!

Supply Chain View from the Field

Historically, businesses have used one of two extremes for inventory management: push-based or pull-based. Push-based inventory management uses demand forecast to manage inventory and replenish from the supply base. Pull-based inventory management, on the other hand, uses consumption to replenish from the supply base and manage inventory. Inventory levels actually increased at downstream (buyer) facilities.

This Week in Logistics News (March 7 – 13)

Logistics Viewpoints

Consumer Packaged Goods (CPG) Global Trade Inventory Management Labor Logistics Technologies Omni-channel logistics Regulations Retail Statistics Supply Chain Risk Management This Week in News Trade Security Transportation The unemployment rate edged down slightly in February 2015, to 5.5%. While the unemployment rate for teenagers decreased 1.7% to 17.1%, the rate for adult men (5.2%) and women (4.9%) remained relatively unchanged.

Achieving the Integrated Global Supply Chain

Supply Chain Network

Cash Supply Chain Definitions Education Emerging Trends Freight & Transportation Information Technology Inventory New Ideas News & Info Professional Communications Security Supply Chain Management Supply Chain RiskGuest post from Ned Blinick of 3rdwave.

WooCommerce and Inventory Management Software

EMERGE App

Then we’ll examine why you need a robust inventory management system behind WooCommerce. We’ll move on to present EMERGE App as an inventory management solution and the benefits of them working together. EMERGE App is one such add-on for inventory management.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response? Source: Evan, Flikr. “I

Get Started on Reducing Your Inventory Shrinkage

Unleashed

Inventory shrinkage can create major problems for businesses because it can result in a loss of sales and profits. The 2016 National Security Survey revealed that inventory shrinkage costs businesses a staggering $45.2 To help combat this expensive problem, here are five proven ways to reduce inventory shrinkage by putting some simple processes in place. Over 35 per cent of inventory shrinkage is due to employee theft. Track inventory shrinkage.

Improve Your Financial Health with Better Inventory Control

Unleashed

There is a positive correlation between the quality of a company’s inventory control and its financial performance. Many financial ratios incorporate inventory values to measure aspects of a business’ financial health. For example: Inventory turnover ratio helps a business to plan and to more accurately forecast the cash necessary to reinvest in inventory stock based on past sales performance. They are an important cost to monitor when making inventory decisions.

3 Reasons to Take Your Inventory Management to the Cloud

DSI

With the holiday season in full gear, businesses race to keep up with customer demand and as a result, inventory management challenges rise to the forefront. To protect your bottom line, you need to know what’s in stock, what’s on order, and where and when it’s shipping—in short, you need real-time visibility into your inventory. Taking inventory management to the cloud builds on the expected benefits associated with a cloud deployment. Inventory Management Analytics.

How Using Cloud-Based Software Applications Improve Inventory Control

Unleashed

Whether you are in retail, eCommerce, distribution, manufacturing or any other business or service that requires any type of inventory stock, effective inventory control can help to increase your company’s productivity. Efficient cloud-based inventory control applications streamline the inventory control process, saving on paperwork, promoting better inventory decisions and ultimately leading to greater profitability for your business.

Is Your Inventory Management System Saving You Time?

Unleashed

Opportunity cost in inventory management. When it comes to opportunity cost in the context of inventory management , we often think about time. To a business owner, having staff on hand means that they don’t have to purchase extra inventory management tools to keep track of their stock. So, it’s time to start valuing time with better inventory management tactics. Here are a few tips your business can use to save time and enhance your warehouse and inventory operations.

Watch Your Cashflow Improve with Inventory Management

Unleashed

One of the primary keys to a healthy cashflow is inventory management. The following tips break down how you can improve cashflow through better inventory management techniques. By changing a few of your inefficient inventory tactics, you can free up more cash. Use an inventory management system. It’s hard to imagine doing business without one, yet so many companies are still in the dark when it comes to online inventory management systems.

Stripe and Inventory Management Software

EMERGE App

It’s not inventory management as that’s why you’re here. No sophisticated online software solution can help you if your payment systems are offline and separate from your inventory management solution. Why use EMERGE App and Stripe for inventory management?

The 5 P’s of Inventory Shrinkage

Unleashed

Inventory shrinkage is a term used to describe the loss of inventory. It is the difference between the physical count of inventory stock and the recorded quantity. Categorised as inventory waste, the four major types of inventory shrinkage are shop-lifting, theft by employees, clerical errors and supplier fraud. Shoplifting is the leading cause of shrinkage, accounting for over a third of all inventory shrinkage. Preventing inventory shrinkage.

Mexico Back in the Supply Chain Spotlight

Talking Logistics

economic recession made companies decrease inventories, which increased their need for speed to market and shorter cash-to-cash cycles. Finally, I asked Troy about security, if it’s as bad as we read in the papers. Global Trade China cross-border trade Mexico NAFTA security Transplace transportation Troy Ryley It seems like we’ve come full circle with Mexico.

Mexico 166

Using ABC Analysis to Make Your Inventory Work For You

Unleashed

Whether you’re a manufacturer , a retailer or a trader, it’s important to keep on top of your inventory. Everything in your inventory has value – you’ve invested time and resources and money into each and every item, and you’ve done that because each and every item is worth something to someone else. Poor inventory control is expensive, especially if you sell or trade in a wide range of, or a high volume of, products.

This Week in Logistics News (June 24-28, 2013)

Talking Logistics

It provides the key warehouse management features needed to quickly deliver ROI, including the tracking and visibility of inbound orders, directed put-away, variety of picking methods, shipping, directed replenishment and inventory control. .