How Promotions Planning Software Enables Collaboration That Pays Off

ToolsGroup

Promotions planning is challenging, but promotions planning software can help alleviate some of the common pain points companies face when they try to improve their forecast accuracy and increase promotions generated revenue.

Six Ways Warehouse Inventory Management Software Optimizes Efficiency

IQMS

The Warehouse Inventory Management Software market grew to $1.4B Warehouse Inventory Management software and systems help reduce infrastructure costs and enable the reallocation of existing IT resources to drive productivity improvements, according to IDC.

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The Inventory Accuracy “Confidence Gap”

Talking Logistics

The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. And it begins with improving their inventory accuracy.

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Inventory Optimization

Quantum Inventory Theory?

The Smart Software

The post Quantum Inventory Theory? appeared first on Smart Software. Physics at the quantum level is quite weird – not at all like what we experience in our usual macroscopic life. Among the oddities are “superposition”, “entanglement”, and “quantum foam.”

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. . What is the right inventory level for your business? .

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. I was moving from the world of manufacturing to a new world of software. The impact of complexity on inventory is not quick.

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. The days of shrink-wrapped software are well and truly over. Business Software Today. Inventory Transfers, Adjustments and Stock Takes.

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Inventory Optimization

How Barcode Scanning Can Revolutionize Your Inventory Management

DELMIA Quintiq

Implementing something as simple as barcode scanning can completely transform your inventory management system. inventory optimization and management. These systems require barcode labels or tags to be affixed to bins or individual inventory parts. Software.

Warehouse Management Software – A Blueprint for Warehouse Excellence & Inventory Management

ThroughPut

What is Warehouse Management Software? A Warehouse Management Software (WMS) is one that helps plan, control, and manage the day-to-day manufacturing operations in a warehouse along with the guidance of inventory movement, optimizing order picking, and shipping of customer orders. The WMS guides the overall order and inventory replenishment on the factory floor. How can a Warehouse Management Software help manufacturers? Types of Warehouse Management Software.

What is Inventory Forecasting?

EMERGE App

What is Inventory Forecasting? Wait, what has this got to do with inventory forecasting? So, for the majority of small and medium businesses, inventory forecasting is simply an inventory reordering strategy to ensure that your stock levels are in the Goldilocks zone.

What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

Cerasis

Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same. The post What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

Still managing your inventory with spreadsheets?

ToolsGroup

Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. Much of inventory is a hedge against uncertainty.

Inventory Management

LeanCor

Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. This leaves us with one option: pushing the boundaries of current inventory management practices.

Planning Software: Insights on User Satisfaction

Supply Chain Shaman

How Happy are Planners with Their Software? In Figure 1, I share an analysis of user satisfaction of demand, tactical supply, inventory and Sales and Operations Planning (S&OP) technologies using this technique.

The Best of Both Worlds: Integrating Inventory Management Software and Accounting Software

Unleashed

Inventory management software has become an indispensable tool for many successful business owners who recognise the importance of accurate inventory management. Likewise, accounting software is invaluable for even small businesses, providing key data on business performance. Even for new business owners, it doesn’t take long to recognise the importance of inventory management software and accounting software alike.

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. It then uses this model to understand the impact of demand forecasting on inventory.

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.”

Supply chain hangover: how to avoid software deployment mishaps

Kinaxis

Ontario residents, brewers and unions complained on social media after a June update to the Liquor Control Board of Ontario’s (LCBO) warehouse management software left alcohol in warehouses instead of on store shelves. However, he also says he wasn’t aware of issues with the previous software.

Five Things You Need to Know about Inventory Optimization in the Digital Age

ToolsGroup

With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. This article will share five things you need to know about optimizing inventory in the digital age.

5 Pitfalls To Avoid When Selecting Supply Chain Software

Cerasis

As your business grows, you supply chain software will need to expand. You may opt to organize your business into an independent third-party logistics provider (3PL), or you may want to purchase software for tracking, monitoring, and processing all of your needs. No matter which direction you choose, supply chain software comes riddled with opportunities for confusion, demise, and incapability. 5 Pitfalls of Supply Chain Software Selection. #1:

Integrated Inventory Management Software and Accounting Software for Successful Business Growth

Unleashed

More than ever, competitive businesses are acknowledging the importance of adequate inventory control practices and appropriate management software, but the integration of accounting software with that of inventory management offers many advantages for better holistic business management. Providing visibility to the supply chain enables better inventory management by offering stock data to suppliers. The Impacts of Inventory Stock Discrepancies in Accounting.

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. It then uses this model to understand the impact of demand forecasting on inventory.

Smart Software to Present at NESCON 2019

The Smart Software

Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that Greg Hartunian, CEO, will present at the NESCON 2019, New England Supply Chain Conference & Exhibition Keynote.

A Better Approach for Changing Your Supply Chain Network and Balancing Inventory Levels

CHAINalytics

Determining the impact of manufacturing and distribution network changes on inventory levels, and the storage space that inventory will require, is a key function of supply chain network design.

Ten Tips that Avoid Data Problems in Software Implementation

The Smart Software

Once a customer is ready to implement software for demand planning and/or inventory optimization, they need to connect the analytics software to their corporate data stream.This provides information on item demand and supplier lead times, among other things.

Business Intelligence vs. Inventory Optimization: Are You Solving Symptoms Instead of the Real Problem?

ToolsGroup

In my decades of working in replenishment and inventory optimization, I’ve noticed that many companies seek solutions to symptoms rather than the underlying problem. I want to let you in on a secret: software companies are happy to sell you something you don’t need.

Top 3 Most Common Inventory Control Policies

The Smart Software

The post Top 3 Most Common Inventory Control Policies appeared first on Smart Software.

Three Key Themes in the New Inventory Optimization Vendor Ranking

ToolsGroup

The 2018 Nucleus Research Inventory Optimization (IO) Value Matrix Report has just been released, and analyst Seth Lippincott identifies the latest technology trends, top inventory optimization solution providers, and the strengths and weaknesses of each vendor. Inventory Optimization

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

ToolsGroup

You can’t scan the headlines without coming across an article or advertisement about sustainability, but there is precious little information about how supply chain planning software supports green initiatives. Smart inventory planning cranks up manufacturing efficiency.

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. As we showed in a previous blog, it’s not the only way to segment your inventory, nor nearly the best.

What is Vendor Managed Inventory? How to Make VMI Work

My Office Apps

What is Vendor Managed Inventory? Looking to streamline your supply chain and reduce inventory costs? You might want to look into Vendor-Managed Inventory (VMI). A VMI software might be the solution – as long as you know the best practices to make it work.

Still managing your inventory with spreadsheets?

ToolsGroup

Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. Much of inventory is a hedge against uncertainty.

Want to Optimize Inventory? Follow These 4 Steps

The Smart Software

Service Level Driven Planning (SLDP) is an approach to inventory planning based on exposing the tradeoffs between SKU availability and inventory cost that are at the root of all wise inventory decisions. The post Want to Optimize Inventory?