ToolsGroup
JANUARY 16, 2023
In a world of too little, too late, real-time data provides the actionable insights companies need to maximize inventory performance and business profitability. The highly scalable platform processes and analyzes data quickly and applies configuration to provide actionable views of inventory.
Supply Chain Shaman
JUNE 12, 2020
Downsizing inventories over the past decade crippled the response.” In Table 1, I share research collected for the Supply Chains to Admire analysis on the average days of inventory by industry across the period of 2004 to 2019 by increments to match economic shifts.
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Logistics Viewpoints
JULY 6, 2022
I did a little digging to find out the specifics about excess inventory, the stated causes, and the potential implications. Retailers’ Inventories – Just Keep your Returns? Unfortunately, I am unsure about the order of magnitude or the duration of these inventory mismatches.
All Things Supply Chain
MARCH 16, 2022
With the advent of COVID-19 pandemic, supply chains and demand have been massively disrupted and are causing inventory issues, unclear delivery reliability, and a significant risk in single-source supplier circumstances.…
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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.
Logistics Viewpoints
AUGUST 9, 2022
While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times.
ToolsGroup
OCTOBER 25, 2022
More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Optimize Your Inventory.
RFgen
MARCH 20, 2023
Key Takeaways: Inventory control involves the management of products and services across the supply chain, ensuring the right amount of product at the right time. Integrating purchasing and inventory control is critical for forward planning and forecasting in today’s economic climate.
Talking Logistics
APRIL 29, 2015
Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing? In addition, Jim says many retailers are facing inventory management challenges in the realm of “ship from store” and “pickup at store” fulfillment models.
The Logistics of Logistics
JUNE 17, 2022
Jeff Flowers and Joe Lynch discuss why inventory is everything. In 2016, Jeff partnered with Franklin Young to purchase PTI Security, a leader in Physical Access Control and with support from Source Capital, an Atlanta based Private Equity firm. Key Takeaways: Inventory is Everything.
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Unleashed
NOVEMBER 28, 2022
Inventory replenishment is reordering stock in the right quantities, at the right time. Too much inventory can increase costs, limit cash flow, and leave you with expired stock. In this inventory replenishment guide: What is inventory replenishment?
ToolsGroup
APRIL 20, 2022
Sarah Voorhees, VP of Demand and Inventory Planning at American Tire Distributors , is one such leader who emphasizes the importance of individual check-ins: A 1:1 conversation can be intimidating, though, especially if the person has sensitive concerns. Source: Fortune. #3:
Demand Driven Technologies
DECEMBER 12, 2022
This exercise often comes down to one question: If I reduce inventory by X%, what does it save? On the other hand, if my new organization implies an increase in inventory, how can I take. Source.
The Smart Software
JUNE 9, 2021
Just-In-Time (JIT) ensures that a manufacturer produces only the necessary amount, and many companies ignore the risks inherent in reducing inventories. So how can you execute a real-world plan for JIT inventory amidst all this risk and uncertainty?
ToolsGroup
AUGUST 25, 2022
BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization. ToolsGroup Service Optimizer 99’s self-adaptive demand and inventory models define the optimal mix of inventory across the multi-echelon supply chain to achieve aggressive service level targets while right-sizing inventory.
EC Sourcing Group
JULY 26, 2022
Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. A well-designed sourcing dashboard helps the CPO move projects ahead and view all events in one place using graphs, charts, and tags as guides/alerts.
EC Sourcing Group
AUGUST 31, 2021
Top 5 Sourcing and Procurement Techniques. Sourcing and procurement in supply chain management play some of the most important roles. Read on to learn more about the top sourcing and procurement solutions and how you can integrate them into your workflow.
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”.
Kinaxis
MARCH 22, 2017
by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. Implementing inventory optimization.
SYSPRO Smarter ERP
JUNE 6, 2022
In today’s business world, the success of a firm depends not only on its sales but also on the ability to manage its supply network and ensure it has the inventory it needs to deliver customer orders. In the past 18 months, many companies have increased their inventory levels.
The Logistics of Logistics
MARCH 13, 2021
Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. Key Takeaways – Sourcing Strategy: Effective vs Efficient. Single sourcing to drive price and increase influence (to a point).
Logistics Viewpoints
JUNE 10, 2015
I thought about the transition from “push” processes to greater use of demand pull in replenishment; how retailers are sharing downstream POS data with their suppliers to develop a more efficient supply network; how multi-echelon inventory optimization […]. Inventory Management Production Statistics Supply Chain PlanningOn Saturday I engaged in a rare weekend activity for myself – I actually thought about supply chain.
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.
Demand Driven Technologies
JANUARY 23, 2023
In the Demand Driven model, we use simple red/green/yellow color codes to monitor the health of our supply chain flows and inventories. Source BlogSo is the goal to get more green?
SYSPRO Smarter ERP
DECEMBER 13, 2021
Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Why inventory management is important. Active inventory management is a major contributor to manufacturing success. Inventory in the supply chain process. Source.
Unleashed
MARCH 8, 2023
Choosing the best inventory management software isn’t easy. This guide is designed to inform you which features are most important, the best time to invest in inventory software, and the costs you can expect to pay. Real-time inventory tracking. Multi-channel inventory tracking.
Logility
APRIL 20, 2022
And for that reason, they can absorb and avoid disruption, measure variability proactively, and establish the rights strategies and inventory buffers to address it across the supply network and short- and long-term planning horizons. Developing Diverse, Resilient Sourcing Strateg ies.
Unleashed
AUGUST 23, 2021
A crystal ball sometimes wouldn’t go amiss in inventory forecasting. Here we explain the methods and formulas you can use to improve your inventory forecasting, and best practices for your business when designing and carrying out this process. Read more: What is Inventory Management?
Unleashed
DECEMBER 20, 2021
Here we explain what multichannel involves, why it’s so complex, and how you can give your multichannel operation a strong foundation with a robust inventory management system. What is multichannel inventory management? What inventory management challenges does this small business face?
Unleashed
MAY 2, 2022
There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management?
MIT Supply Chain
OCTOBER 13, 2016
Inventory management policies that fail to keep pace with shifting product demand can lock up valuable working capital, especially in volatile markets. By dynamically managing inventory without compromising service levels, companies can free up these unexploited reserves of working capital. Featured Strategy Clariant inventory management research MIT Global SCALE Network responsive supply chains unlocking working capital Zaraoga Logistics Center
Kinaxis
MARCH 25, 2015
by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ The authors, Anandhi Narayanan, Senior Manager, Advanced Customer Solutions, Charles Thomas, Director, IT Customer Solutions, Stacey Greene, Director of Inventory Optimization and Robert Rejano, Processes and Applications Advisor, all with Celestica, describe the critical steps needed to drive inventory performance improvements.
LevaData
FEBRUARY 14, 2022
But these days, it's top-of-mind for sourcing and procurement professionals like never before. Sourcing- and Procurement-Specific Challenges. So, which techniques should sourcing and procurement leaders employ to manage these challenges?
Supply Chain Game Changer
APRIL 27, 2021
Featuring Our 10 Best Inventory Management Articles! Inventory makes the world go round. Trillions and trillions of dollars of inventories exist all over the world in every conceivable form and in every conceivable channel. What is Inventory Management ? Subscribe Here!
Demand Driven Technologies
JULY 18, 2022
Automated inventory management solutions like Intuiflow have become a must-have for manufacturers in an era of resource saving and focus on global. Source.
Supply Chain Game Changer
JANUARY 18, 2022
For many years the predominant priority in sourcing has been finding the lowest cost possible. What is the appropriate sourcing strategy going forward? Geographic Sourcing History. Components and raw materials were generally sourced from low cost geographies.
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