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.

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

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[PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization

GlobalTranz

Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. The post [PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization appeared first on Transportation Management Company | Cerasis.

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.

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.

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.

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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.

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.

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?

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 […].

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.

What is Supply Chain Resilience?

GlobalTranz

If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the resiliency test. Let’s start here: what is supply chain resilience? What is Supply Chain Resilience? Blog Supply Chain

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.

Inventory Management Mistakes: What Supply Chain Leaders and Managers Need to Know

GlobalTranz

Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net, the costliest problem is due in large part to poor inventory visibility and planning. More than 60 percent of wholesalers routinely keep more than one month of inventory on-hand, and since 77 percent of businesses lose sales.read More. Inventory Management Supply Chain Inventory Management Mistakes

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.

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.

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.

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.

How To Overcome Supply Chain Disruption

GlobalTranz

Supply chain disruption is a fact of life for every company that moves any type of product. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Overcoming Supply Chain Disruption.

Post-Pandemic Supply Chain Transformation

Enterra Insights

”[1] Moss reports that a survey published last November by Capgemini found more than four out of every five organizations reported that COVID-19 had negatively affected their supply chains. Is it time to further diversify my supply chain ?

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.

Inventory Management: We Can Do Better

Supply Chain Shaman

In my day-to-day work in supply chain management, I find more encounter more opinions than facts. …most discussions are fueled by over-zealous and self-serving marketing programs. Downsizing inventories over the past decade crippled the response.” Supply 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.

What is Supply Chain Resiliency?

Logistics Viewpoints

If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supply chain resiliency test. How To Overcome Supply Chain Disruption. 7 Tips For Building Supply Chain Resiliency.

Multi-Echelon Inventory Optimisation improves the Supply Chain

Prophetic Technology

supply chain

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.

FMCG: Supply Chain Spring Clean

Enchange Supply Chain Consultancy

SKU FMCG Dave Jordan Performance Improvement Supply Chain Inventory Management & Stock ControlAfter the viral trials and tribulations of 2020, is the market going to get any better any time soon?

[PODCAST] The Role of Supply Chain Technology for More Effective Inventory & Warehouse Management

GlobalTranz

Listen to “The Role of Supply Chain Technology for More Effective Inventory & Warehouse Management” on Spreaker. Supply Chain Technology Downloadable Resources Why Blockchain will Create Extreme Supply Chain Management Optimization Download White Paper A Guide to Maximize the Use of TMS Download White Paper The Digital Supply Chain: The Landscape, Trends, Types, and the.read More.

Using Technology to Improve Inventory Management

GlobalTranz

Using technology in the warehouse is one of the most effective ways to improve inventory management and reduce returns. Since returns represent a significant cost to companies, it is imperative for retailers to take steps to improve inventory management and manage returns. The post Using Technology to Improve Inventory Management appeared first on Transportation Management Company | Cerasis. Inventory Management Supply Chain Technology Improve Inventory Management

Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

We stubbed our toe in supply chain management at the beginning of the decade. Facing The Issues of Supply Chain Performance. As I work through this year’s Supply Chains to Admire , I cannot help but shake my head. Rise in Inventories.

Artificial Intelligence and the Future of Supply Chains, Part 2

Enterra Insights

Artificial intelligence (AI) is impacting every economic sector including supply chain operations. Germain observes, “AI has changed the supply chain process from reactive to proactive, which creates a larger change in how data-driven processes will operate in the future.

Blockchain in Supply Chain: 2 Ethereum-Based Projects That Demonstrate How Blockchain Can Improve Supply Chains

GlobalTranz

Supply chains are messy. Blockchain in Supply Chain Can Help. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. The inefficiencies that plague supply chains have seemingly been around forever. Provenance ensures transparency in supply chains, with the aim of encouraging brands to source materials and labor in an ethical and fair trade manner. Supply Chain

The Go-To List of Ways to Improve Inventory Management

GlobalTranz

Today’s warehouse managers need better inventory management strategies. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. Supply chain leaders should follow these key strategies for.read More. The post The Go-To List of Ways to Improve Inventory Management appeared first on Transportation Management Company | Cerasis.

Medical Inventory Management & Consumable Inventory

My Office Apps

Consumable Inventory & the Medical Field. Unorganized medical inventory management can cause delays in providing patient care, and in the healthcare industry, each second matters. Medical providers often overlook inventory management, especially consumable inventory.

Progress Report on the Digital Supply Chain

Enterra Insights

For years supply chain consultants have urged companies to digitize their supply chains. As supply chains have lengthened and become more complex, digitization has been viewed as a way to reduce paperwork and increase visibility.

Report 130

Responding to Supply Chain Disruption Amid COVID-19

AIMMS

It’s taking a profound humanitarian and economic toll , impacting supply cha ins in many ways. Our team put several resources together to help supply chain organizations navigate through this crisis safely. .