95% of FMCG retailers say inventory optimisation is top priority for 2021

Manufacturing & Logistics IT

Symphony RetailAI, the provider of integrated AI-enabled marketing, merchandising and supply chain solutions for FMCG retailers and manufacturers, has announced findings from its Category Planning & Assortment Optimisation Executive Survey, conducted in partnership with Incisiv.

Changing Winds in Supply Chain

Supply Chain Shaman

“When will the impact of the pandemic on the supply chain be over?” The building of the global supply chain over the last seven decades evolved based on three assumptions: Number 1. Shippers pushed cost and waste backward in the supply chain.

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7 Ways Businesses Can Manage Supply Chain Shortages in 2021

ToolsGroup

As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. 7 practical strategies to minimize risk and manage supply chain shortages.

Here’s How to Measure Inventory Health

ToolsGroup

Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.”

Key Questions for a Successful Distribution Network

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

If we're going to offer the speed of shipping and variety of inventory that today's customers have come to expect, there are a lot of different questions that need to be asked. How to gain end-to-end visibility into any causes of delay in your global supply chain.

Supply Chain Inventory Optimization – Beyond the Analytics

GlobalTranz

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Supply Chain Warehous

Three Tips for Building an Agile CPG Supply Chain

ToolsGroup

But for this high SKU count industry where demand is as unpredictable as New England weather, the condition of many consumer goods supply chains is far from rosy. Anticipate Consumer Demand and Supply Chain Uncertainty with Probabilistic Planning.

Multi-echelon Inventory Optimization vs Inventory Optimization

ToolsGroup

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. There are many pieces of the modern manufacturing supply chain. Five more inventory optimization segments.

Is Your Supply Chain Sick?

Logistics Bureau

Maybe you don’t even realize that something is going wrong in your Supply Chain. Like the human body, sometimes our Supply Chain’s problems are not evident until too late. Check them out: Boost Your Supply Chain Performance.

Survey Reveals an Inflection Point in Supply Chain Digital Transformation

ToolsGroup

The Council for Supply Chain Management Professionals (CSCMP) and ToolsGroup surveyed more than 200 supply chain professionals around the world on the state of supply chain digital transformation in planning.

Survey 244

Just in Time vs. Just in Case: What’s the Way Forward for Supply Chains?

Just-in-time supply chains worked just fine — until they didn’t. Is more inventory the answer? It’s not a binary solution. Read this latest GEP paper to learn how enterprises can ensure adequate supplies without running excess inventory.

Rising Above Supply Chain Disruptions

DELMIA Quintiq

What they need is a supply chain solution that will enable them to stay on top of problems, minimize damage and stay ahead of competitors. It is a necessary part of supply chain risk management. But what are the characteristics of a resilient supply chain?

Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

After finishing the Supply Chains to Admire report and the Youtube series (to be released this week), this is my feeling. What Is Supply Chain Excellence? The seven years of work on the Supply Chains to Admire is part of my quest to answer Keith’s question.

Five Key Supply Chain Planning Capabilities for Fashion Products

ToolsGroup

Brands like American Eagle Outfitters focused on inventory optimization and flexibility, supply chain transformation, lower SKU counts and fewer shipments per order for improved supply chain performance.

What is Happening to Our Supply Chains?

Arkieva

Everyone is talking about supply chains these days. Ever worsening weather, a global pandemic, and a labor shortage have generated a perfect storm that has pushed global supply chains to their breaking point. What is Happening to Our Supply Chains?

Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align. Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line.

Three Things Telecom Supply Chains of the Future Need to Do Now

ToolsGroup

Want to have a winning telecom supply chain? Here are three things to start doing now to prepare your telecom supply chain to compete in this increasingly complex and challenging market: 1. Transform telecom supply chains to a service-driven model.

Supply chain inventory optimization – Beyond the analytics

Kinaxis

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.

Supply Chain Optimization for Consumer Packaged Goods Inventory

Logility

Managing consumer packaged goods inventory is challenging at the best of times, and it can be debilitating during times of local or international disruption. They must embrace intelligent supply chains, integrated planning processes, automation, and more efficient resource allocation.

Inventory Management’s Crucial Role in the Supply Chain

Kuebix

What is Inventory Management and Why is it Important? Inventory management refers to the process of ordering, storing and using a company’s goods or materials. Ineffective management can result in excess inventory which runs the risk […].

The Keys to Business Continuity Planning

Speaker: Ron Spiteri, Director of TXM Lean Solutions

The pandemic has been the most significant disruption to global supply chains since the dawn of the industrial world. A key learning of this disruption has been the need for business continuity planning to mitigate future disruptions, which we know will come. Join Ron Spiteri of TXM Lean Solutions, and learn the key steps to take control of your supply chain risks.

6 Ways AI Drives On-Time Inventory Delivery for Retail Supply Chains

ThroughPut

As supply chains are restructuring post-Covid-19, promises of faster delivery have increased manifold from the pre-pandemic times. Retail supply chains in particular face a horde of supply chain challenges such as: .

Top 10 Tips to improve 3PLP inventory control: Avoid stock-shock

Enchange Supply Chain Consultancy

The Enchange Supply Chain House ; the one-stop shop for all of the elements you need to achieve supply chain excellence. Dave Jordan Inventory Management & Stock Control Supply Chain House supply chain excellence

Inventory Planning vs. Inventory Optimization: What’s the Difference?

ToolsGroup

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging.

Gain a Leading Edge in Inventory Management through Digital Transformation

DELMIA Quintiq

An increasing lineup of advanced digital solutions have given manufacturers the edge to transform and achieve better inventory control. The manufacturing industry is constantly searching for new and inventive ways to improve inventory management.

Just In: Inventory Optimization Research

How are organizations performing on inventory optimization? How can new technologies help your team improve? Find out in this new research report.

Why Omnichannel Supply Chain Success Depends on Inventory Optimization

GlobalTranz

All businesses want to achieve success, but omnichannel supply chain success requires a comprehensive level of oversight and control in your operation. However, inventory optimization can solve these challenges. What’s Wrong With Current Inventory Optimization Processes? The post Why Omnichannel Supply Chain Success Depends on Inventory Optimization appeared first on Transportation Management Company | Cerasis.

7 Tips For Building Supply Chain Resiliency

GlobalTranz

Shortages of products from toilet paper to microchips during the coronavirus pandemic highlighted the value of supply chain resiliency, and the opportunities for companies that aren’t as prepared as they would like. Tips For Building Supply Chain Resiliency.

Four Decades of Supply Chain Management

Enterra Insights

Nearly a decade ago, I wrote a post entitled “ Thirty Years of Supply Chain Management ,” which examined the first in a series of articles written by Kinaxis analysts looking back over the previous thirty years of supply chain management.

Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

For the first in seven years, I was not heads-down preparing for The Supply Chain Insights Global Summit. Pre-pandemic only 30% of supply chain leaders were satisfied with their supply chains, and during the pandemic, business leader satisfaction is falling precipitously.

Extend Your Commitment to Supply Chain Sustainability

Logility

Take the next steps in improving supply chain sustainability. Most businesses understand the importance of supply chain sustainability. But identifying a commitment to supply chain sustainability is just the beginning — you need to find ways to carry through that vision.

The Technology You Need for a Sustainable Supply Chain

Logility

Your ERP system is not the right technology for a sustainable supply chain. Key takeaways: A digital supply chain platform is essential for a sustainable supply chain. For today’s sustainable supply chain, a digital supply chain platform is a must. .

Planning to Win: Optimizing Inventory to Meet Business Objectives

ToolsGroup

Who wouldn’t want their supply chain to be “optimized,” right? Optimization is peak efficiency, using the perfect balance of inventory and resources to service customer demand without incurring any unnecessary costs or waste. What’s Wrong with ABC Inventory Classification ’ .

Supply Chain Recognition in Times of Disruption

DELMIA Quintiq

Supply Chains and Integrated Logistics. The crisis generated by Covid-19 brought as one of its aspects, the notion of the extension of supply chains and integrated logistics, its impacts on the businesses of the companies, and the lives of people.

How to Select Supply Chain Planning Software

ToolsGroup

Selecting the right supply chain planning technology isn’t simply about solving a current challenge. The implications are much broader–if you implement the wrong software, you hinder your organization’s overall supply chain strategy and business objectives.

How Supply Chain Optimization Enhances Your Strategic Business Plan

ToolsGroup

Likewise, many growth-oriented companies employ supply chain planning (SCP) software to facilitate their growth and improve efficiency and customer service. Below are the strategic planning sections that are most impacted by proper supply chain planning: Financial Plan.