Calculating Finished Goods Inventory

EMERGE App

As a manufacturer of goods, you’re likely to have finished goods inventory in your business. In addition to worrying about sales forecasts and production schedules, there’s also the issue of properly calculating finished inventory for reporting and decision-making purposes.

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.

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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and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems.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

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.

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and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems.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

Inventory Management Techniques That You Need to Know About

EMERGE App

Not Another List of Inventory Management Techniques. I want to start by saying that this is not an exhaustive list of all the possible inventory management techniques available for all industries. What Should You Care About Inventory Management?

What’s The Best Inventory Storage System for Ecommerce Shops?

ShipBob

Storing inventory is a necessary part of running any business that sells physical goods. As an ecommerce business, it can be tough to know which inventory storage system is the best for your business. What are inventory storage solutions? 3 types of inventory storage solutions.

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.

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.

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.

How to Secure Your First Supply Chain or Logistics Job

Logistics Bureau

You’ll find some of those quick-career-launching jobs below, along with an overview of the qualifications that will help you secure them. The duties and responsibilities of a Supply Chain Analyst can include: Assisting with inventory management. Inventory Controller/Manager.

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.

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.

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.

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.

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

Is Your Business Experiencing Inventory Risk?

Unleashed

When you have a warehouse full of inventory stock, there is a lot to keep track of to make sure everything gets stored, accounted for and distributed properly. Having a healthy supply of inventory stock helps your business ensure it can meet customer demand. Stolen inventory.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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

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?

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.

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

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. .

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.

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.

Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products. ZEST provides easy access to secure, authenticated reader and tag data – without the need to interface directly with the readers.