Unleashed

APRIL 18, 2024

Any opportunity to minimise waste and reduce your business costs means greater revenue, higher profits, and happier customers. Just-in-time manufacturing is a strategy that directly aligns raw-material supply deliveries with production schedules to increase efficiency and decrease waste. Here’s how it works.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

SCMDOJO

DECEMBER 14, 2023

Depending on the chosen manufacturing strategy (Make to Stock, Assemble to Order, Make to Order, or Engineer to Order), the delivery lead time may vary as follows: Access our blog “6 Reasons Why It Is Important to Understand Expected Customer Lead Time” at our website SCM DOJO! Cost Savings: Reduction in inventory holding costs.

Inventory Reduction 80

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 80

Logistics Viewpoints

MARCH 2, 2023

Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. These are the companies and leaders that aren’t letting a good downturn go to waste. With the right data you can reduce your overall transportation costs, both accessorial costs and overall freight spend.

Waste Reduction 197

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 197

RFgen

JULY 27, 2023

If you handle inventory, then you know that inventory must keep moving for the business to stay profitable. Warehouses must have a strategy for processing inventory during this time—aka, offline inventory control. To keep inventory flowing, they must work offline and asynchronously.

Inventory Reduction 76

Inventory Reduction Material Savings Waste Reduction Cost Reduction Strategies 76

ToolsGroup

FEBRUARY 10, 2022

Demand shaping is a supply chain strategy that utilizes tactics such as price and promotion incentives, product substitutions and cost modifications to entice customers to purchase specific items. All of these activities speak directly to the benefits of demand shaping which include increased revenue, increased exposure and reduced inventory.

Inventory Reduction 156

Inventory Reduction Modeling Price Reduction Waste Reduction 156

ModusLink Corporation

OCTOBER 27, 2021

Synergy is a core element present in many successful manufacturing strategies. The synergy effect within a business is the result of mutual interaction between two individual company elements, usually achieved by executing a specific strategy. There are many different manufacturing strategies. Different strategies.

Waste Reduction 78

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 78

Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Eliminating the Need for Markdowns: By maintaining the right stock levels at the right times, we can avoid bothersome markdowns.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Waste Reduction 52

OptiProERP

SEPTEMBER 22, 2022

Most manufacturers look to streamline systems, reduce production costs, and increase profitability without sacrificing product quality. Often, the quickest and easiest way to cut costs is by accepting minimum quality levels or reducing employees. How Can You Reduce Manufacturing Costs? Step 3 – Cost Analysis.

Cost Reduction Strategies 52

Cost Reduction Strategies Waste Reduction Expense Reduction Vendor Strategies 52

SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. With LCI, businesses and individuals alike can make informed decisions, reduce their carbon footprint, and contribute to a greener future. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications.

Inventory Reduction 89

Inventory Reduction Analysis Material Savings Optimal Sourcing 89

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Smart logistics strategies can reduce wastage and improve operational costs. Subscribe Here! Email Address.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

ToolsGroup

JANUARY 7, 2020

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits.

Inventory Reduction 194

Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

Global Trade Management

NOVEMBER 24, 2023

Introduction Supply chain digitalization is a pivotal element of modern supply chain management, driving improvements in inventory management, operational efficiency, and asset utilization. Improving Inventory Management Supply chain digitalization plays a crucial role in elevating inventory management.

Cost Reduction Strategies 52

Cost Reduction Strategies Waste Reduction Inventory Reduction Resource Reduction 52

BlueYonder

OCTOBER 6, 2023

“Never let a good crisis go to waste.” Building strategic relationships, enhancing collaboration with logistics providers or 3PLs, and internalizing 3PL/4PL functions to gain more control over logistics operations are all strategies that contribute to supply chain resilience.

Waste Reduction 81

Waste Reduction Inventory Reduction Automotive Cost Reduction Strategies 81

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Unleashed

MAY 15, 2023

Wholesalers and manufacturers need effective B2B strategies to sustain business growth and beat the competition. From targeted email campaigns to inventory management integrations, we’ll outline how you can develop strong B2B CRM strategies to improve business performance and achieve predictable growth.

Inventory Reduction 105

Inventory Reduction Sourcing Strategies Waste Reduction Manufacturing Procurement 105

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Supply Chain Shaman

APRIL 16, 2024

Supply Chain Insights Training, 2024 The Opportunity Based on my research, I believe there is an opportunity to reduce the number of planning roles by 80-85%. I likened the journey to eliminating the secretarial pool in the office in the 1980s. Focus on improving operating margin, inventory turns, and revenue/employee simultaneously.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

Unleashed

JULY 25, 2021

Over a third of the world’s food produce and products are wasted. Food waste accounts for eight percent of global greenhouse gases and has significant environmental and economic impacts. billion tonnes of food – over $9 billion worth – goes to waste each year. What is food waste management?

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

GlobalTranz

JANUARY 16, 2019

But, with a well-planned strategy, you too can reduce expenses in your workplace. Protect Inventory You can’t function as a business without a well-stocked inventory. Still, some losses are a predictable expense and you can’t entirely eliminate them. Either you reduce pay or find a way to increase work efficiency.

Cost Reduction Strategies 226

Cost Reduction Strategies Expense Reduction Waste Reduction Vendor Strategies 226

ToolsGroup

AUGUST 3, 2020

It’s notoriously difficult to optimize inventory for aftermarket parts. You need to maintain high service levels, but sporadic demand and an infinite number of SKUs frequently lead to waste, excess cost and product obsolescence. Read on for our five inventory optimization secrets for aftermarket parts.

Inventory Reduction 156

Inventory Reduction Waste Reduction Optimization Software Supply Chain Optimization 156

RFgen

APRIL 12, 2024

Managing inventory costs is a constant struggle. Managing inventory costs is important because high inventory costs can erode the bottom line. On the other hand, optimized inventory levels can enhance it. On the other hand, optimized inventory levels can enhance it. Next is the cost of storing the inventory.

Inventory Reduction 77

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 77

RFgen

MAY 26, 2023

In the world of inventory management, stockouts and overstocking can be detrimental to business success. To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. Overstocking occurs when a business has too much inventory on hand.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52

ThroughPut

MARCH 30, 2021

Making Zero Waste Supply Chain A Possibility in the Food Industry with AI. Between 33-50% of food produced globally is never eaten, and this wasted food is worth over $1 trillion. According to BCG , by 2030 annual food loss and waste will hit 2.1 Waste to Wealth – Creating a Zero-Waste Supply Chain Model.

Waste Reduction 126

Waste Reduction Supply Chain Planning Software Resource Reduction Supply Chain Software 126

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. The knowledge from this guide will boost your organization’s operational effectiveness, cutting costs and driving overall financial performance. What is Just-In-Time (JIT) Inventory Management? How Does Just-In-Time (JIT) Work?

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Elementum

NOVEMBER 15, 2018

Concerns about food waste and changing consumer preferences are posing new challenges — and opportunities — to the food supply chain. Grocery retailers always risk losing precious inventory, but never is it more critical to receive the right foods at the right time than during Thanksgiving week. How can retailers avoid waste this year?

Waste Reduction 84

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 84

Unleashed

JANUARY 31, 2023

Lean logistics is a strategy designed to optimise supply chain efficiency by cutting out waste and maximising customer value. Lean logistics is a method of supply chain optimisation that focuses on eliminating wasteful activities from all checkpoints along the supply chain and increasing value for the customer.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 98

Supply Chain Game Changer

NOVEMBER 14, 2018

Certainly we should all reduce, reuse and recycle and it applies everywhere! As such we have the direct or indirect ability to take actions which can promote environmental sustainability, reduce carbon footprint impacts, and drive the creation of the Green Supply Chain. Supply Chain Carbon Footprint Reduction.

Waste Reduction 59

Waste Reduction Material Savings Resource Reduction Cost Reduction Strategies 59

RFgen

MAY 2, 2019

Mobile data collection can help companies better manage their inventories to eliminate excess. Here are three ways mobile data collection will help your company eliminate waste in your warehouses: 1. Better Identification of Waste. Cut Out Anti-Productive Processes. Reduce Excess Inventory.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Strategies Resource Reduction 52

RFgen

MAY 2, 2019

Mobile data collection can help companies better manage their inventories to eliminate excess. Here are three ways mobile data collection will help your company eliminate waste in your warehouses: 1. Better Identification of Waste. Cut Out Anti-Productive Processes. Reduce Excess Inventory.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Strategies Resource Reduction 52

ToolsGroup

JULY 5, 2023

This is the latest of the company’s significant strides toward making supply chains a force for good by helping organizations improve service levels, reduce excess stock, eliminate waste, and increase profits. Thanks to built-in automation, customers cut the planning workload by up to 90% and reduce waste by 10-30%.

ToolsGroup 156

ToolsGroup Optimal Sourcing Waste Reduction Inventory Reduction 156

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Supply Chain Brain

OCTOBER 30, 2022

Years of pandemic-era supply chain disruptions and volatile consumer demand have created inventory challenges. Intelligent planning can help.

Waste Reduction 104

Waste Reduction Inventory Reduction Supply Chain Planning Scenario Planning 104

DELMIA Quintiq

JULY 31, 2023

A Deloitte study identified trends such as buying based on what food was already at home and buying only what was essential in an effort to waste less food. Some consumers also switched to lower-cost meats or cuts, or cheaper store brands. What is an example of sustainable food?

Sourcing Strategies 156

Sourcing Strategies Supply Chain Planning Software Waste Reduction Price Reduction 156

Synovos

FEBRUARY 12, 2024

Demystifying MRO Inventory Optimization The goal of MRO inventory optimization is to utilize the products and materials held on or across sites as effectively as possible. Ensuring that you have what you need available when required helps eliminate excess stock and reduce inventory carrying costs.

Inventory Reduction 52

Inventory Reduction Price Mitigation Strategies Material Savings Optimization Software 52

CHAINalytics

FEBRUARY 26, 2020

Chainalytics helped a global food manufacturer optimise its inventory levels for a number of SKUs in India and China resulting in reduced working capital requirements and less product waste. Since food and beverage products have a short shelf life, there’s a big upside to getting inventory levels just right.

Inventory Reduction 79

Inventory Reduction Waste Reduction India China 79

Logility

AUGUST 17, 2021

Managing consumer packaged goods inventory is challenging at the best of times, and it can be debilitating during times of local or international disruption. An advanced inventory planning and optimization solution allows these companies to set and maintain precise stock targets across a global network. Reductions in Profit Growth.

Modeling 130

Modeling Inventory Reduction Supply Chain Optimization Packaging 130

Supply Chain Game Changer

APRIL 21, 2020

A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! The overarching strategy for limiting exposure to, and spreading of, the Coronavirus is that of Social Distancing. One approach is to develop and deploy Don’t Touch Supply Chain strategies! Subscribe Here! Email Address.

Waste Reduction 91

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 91