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. The basic approach to inventory optimization. The multi-echelon inventory optimization approach.

Improving the Transportation Solve: Jointly Optimizing across Inventory and Transportation

Logistics Viewpoints

They can buy and implement a transportation management system (TMS). Or they can outsource transportation planning and execution to a 3PL that provides managed transportation services (MTS). Food & Beverage Industry Inventory Management Logistics Outsourcing Supply Chain Optimization Transportation Management Systems inventory Mananged Transportation optimization TMS

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Nespresso Optimizes Orders and Inventory with End-to-End Digital Supply Chain Planning

ToolsGroup

It’s no simple task providing customers access to the full range of capsules and coffee machines on all sales channels, across more than 70 boutiques in Italy, while optimizing inventory levels. Fewer stock shortages and reduced obsolete inventory. Optimized transport.

Is It Time for a Better Approach to Inventory Optimization? 

Logility

Smart inventory allocation and deployment starts with the right digital supply chain platform. For most businesses, the past two years have been a much-needed teaching moment on the state of their inventory planning, tracking, and management capabilities.

Enabling Assurance of Supply in the Global Marketplace

Speaker: Adrian Gonzalez, Tom Nightingale, and Martin Verwijmeren

Watch this insightful conversation about enabling assurance of supply in the global marketplace to better balance inventory and control costs.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. In business there are many drivers of inventory, and the management of inventory levels requires discipline and a cross-functional focus. What Drives Inventory Effectiveness?

Transportation Metrics That Matter Most to Track and Improve Performance

GlobalTranz

Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events. Why Monitor Transportation Metrics. Which Transportation Metrics Should Shippers Track to Manage Transportation.

Beware the Swinging Pendulum on Supply Chain Inventory Practices

Logistics Viewpoints

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising.

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

Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.” His feeling was that inventory is an asset to manage. Inventory is both. Inventory management is a complex subject.

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. Better Inventory Management Needs Complete Control.

[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.

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. The post The Go-To List of Ways to Improve Inventory Management appeared first on Transportation Management Company | Cerasis. Inventory Management Supply Chain Technology Warehouse ways to Improve Inventory Management

Inventory System Concern: Should Companies Always Maintain Peak Season Stock?

GlobalTranz

The post Inventory System Concern: Should Companies Always Maintain Peak Season Stock? appeared first on Transportation Management Company | Cerasis. Inventory Management Peak Season Inventory SystemPeak season gets more extensive and more demanding every year.

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5 E-Commerce Inventory Management Strategies to Know | VIDEO

GlobalTranz

Inventory has been subject to changing customers’ buying patterns. The post 5 E-Commerce Inventory Management Strategies to Know | VIDEO appeared first on Transportation Management Company | Cerasis. Uncategorized E-Commerce Inventory Management

Inventory is Everything with Jeff Flowers

The Logistics of Logistics

Jeff Flowers and Joe Lynch discuss why inventory is everything. Key Takeaways: Inventory is Everything. In the podcast interview, Jeff explains the importance of effective inventory management to supply chains. Learn More About Inventory is Everything.

When to Switch From In-House to Managed Logistics Transportation Services

GlobalTranz

The supply chain is evolving, and the standards used for managed logistics transportation services today are more data- and technology-driven than those of the past. Indicator 1: It’s Difficult to Track Your Inventory From Suppliers Through Final Mile. Blog Transportation Management

Lean Inventory: Using Lean Initiatives To Manage Inventory

GlobalTranz

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Flow: Understand how inventory flows in your warehouse and apply Lean principle: 5S to clear any obstacles that do not add up.

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Businesses Responding to High Inflation and Supply Chain Inventory Concerns

Supply Chain Matters

Inventory Management Assessment- Samsung Electronics. We noted in our editorial likely needs for comprehensive inventory management assessments especially given the risk of higher working capital costs are a result of higher interest rates.

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

GlobalTranz

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?

Weekly Transportation Services Market Review

Intelligent Audit

Although customer and business partnership emails may seem the most time-sensitive, tenured transportation and logistics professionals understand that the choices and changes of other companies and entities will impact their own work environment. Transportation Transportation Services

Why Omnichannel Supply Chain Success Depends on Inventory Optimization

GlobalTranz

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. Inventory Management Omnichannel Omnichannel Supply Chain Success

Target’s Acknowledgement and Plan to Address Excess Inventory

Supply Chain Matters

Industry and business media had noted that retailers were actively accelerating inventory purchases from global based suppliers to avoid being in the position of having not enough inventory to meet holiday focused demand.

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

Weekly Transportation Services Market Review

Intelligent Audit

This review will help you get caught up on the latest news in the transportation and logistics industry to better understand market trends and customer interactions. Despite the release from the strategic reserve , the East Coast is experiencing its lowest seasonal diesel inventory ever.

11 Inventory Management Best Practices

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Use ABC Analysis to Categorize Your Inventory. Guest Blog Post Inventory Managemen

11 Inventory Management Best Practices & the Role of Technology

GlobalTranz

Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages.

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

Leading Challenges in Inventory Visibility and How to Solve Them

GlobalTranz

Timeliness, speed, and order accuracy are some of the most in-demand aspects of today’s omnichannel world, but significant challenges still exist with inventory visibility. The post Leading Challenges in Inventory Visibility and How to Solve Them appeared first on Transportation Management Company | Cerasis. Inventory Management Supply Chain inventory visibility

Transportation capacity tightens further in May

The Supply Chain Journal

Transportation capacity diminished further in May, according to a supply chain survey. The overall index, which is designed to capture the rate of change in areas like transportation, inventory and warehousing, declined 3.2 The transportation prices subindex declined 1.4

Transportation Management

LeanCor

The Laws of Lean Transportation Management. There are all these things in life that we think “Oh, I cannot live without that,” and if it wasn’t for transportation management we most likely would not have anything we want or need on time. Transportation, like inventory, is necessary activity within logistics. Fast, efficient transportation explains a great deal about why cities develop where they do. Transportation Management Cost Consideration.

BGSA Conference Follow-Up & Inventory Tracking Systems Evolution

SphereWMS

I was one of more than 220 CEOs in attendance from all corners of the transportation, logistics and supply chain sector. Inventory Tracking Systems Transportation & Logistics Blog

Transportation capacity dips further, prices keep surging

The Supply Chain Journal

Transportation capacity remains on a downward trajectory while prices and utilization are “increasing at an increasing rate,” according to a supply chain survey released Tuesday. The transportation capacity subindex of the Logistics Managers’ Index (LMI) increased 560 basis points to 40.5%

Transportation capacity ‘historically low’; prices ‘show no sign of slowing’

The Supply Chain Journal

The survey is designed to capture the rate of change in areas like transportation, inventory and warehousing. The transportation capacity subcomponent of the index increased 2.8 Transportation utilization, up 5.9 Inventory levels did improve in April, up 5.2

Transportation capacity declines accelerate in September

The Supply Chain Journal

The rate at which transportation capacity contracted increased in September, according to a supply chain survey released Tuesday. The Transportation Capacity Index remains historically low, indicating continued downward pressure,” the report read. Transportation prices are soaring.