The Logistics & Supply Chain Management Society

JULY 22, 2020

But companies will have to go beyond the usual inventory optimisation. . Sourcing strategies will focus on risk-free, nearshoring supply base with long term partnership with TCO-competitive suppliers, who value sustainability. . LogiSYM Supply Chain Magazine – July 2020. – LogiSYM July 2020.

Supply Chain Software 147

Supply Chain Software Modeling Pharmaceutical Agile and Lean Supply Chain 147

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. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Supply Chain Game Changer

DECEMBER 15, 2020

Our 2020 Top 10 List! It is a must read place source for Professionals, Students and Experts alike. Continuing in our tradition of years past we present here our 2020 Top 10 List Part 2. Here’s our list of our Top 10 articles of 2020, for the second half of the year: 10. Inventory Management Beyond the Mystery (Ebook).

eBook 98

eBook S&OP Optimal Sourcing Inventory Management Software 98

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

Supply Chain Shaman

OCTOBER 8, 2019

The fall ritual precedes the dropping of the ball on Times Square to ring in 2020. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. It is all consuming.

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

The Logistics & Supply Chain Management Society

SEPTEMBER 25, 2020

Slowing demand means 6% lower imports from the GCC vs 2019 and 10% lower than 2020 forecast before the virus outbreak.” Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Supporting localisation – To increase resilience, means to decentralise sourcing.

Chemicals 113

Chemicals Saudi Arabia Cost Reduction Strategies Inventory Reduction 113

EazyStock

JANUARY 27, 2021

2021 Supply Chain and Inventory Management Trends for the US. Then 2020 was thrown into chaos by the global COVID-19 pandemic. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. Even now, the global GDP for 2020 contracted by an estimated 4.3% Automation.

Inventory Management Software 96

Inventory Management Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 96

ShipBob

DECEMBER 18, 2019

The upcoming Chinese New Year is on January 25, 2020, but the holiday shutdown can affect production times at China’s manufacturing companies for as long as two months as many workers travel back to rural villages to celebrate with friends and family. Chinese New Year shutdown 2020 timeline. Increase inventory.

How To 136

How To Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 136

Bristlecone

AUGUST 17, 2020

Today, with nearly two-thirds of the pandemic-hit 2020 over, there is now much anxiety and uncertainty about the coming year. I prefer to think: 2020 is only the beginning, the best is yet to come. I would like to define and remember the year 2020 as the Great Gap Year. Beyond 2020. The Gap Year.

Optimal Sourcing 98

Optimal Sourcing Modeling Scenario Planning Manufacturing Procurement 98

Logility

JANUARY 12, 2021

automating the digital transformation of supply chain optimization and advanced retail planning, invites you to the upcoming webcast: Roadmap to Overcoming Five Obstacles to Achieving Multi-Echelon Inventory Optimization. Title: Roadmap to Overcoming Five Obstacles to Achieving Multi-Echelon Inventory Optimization. Webcast at a Glance.

Optimal Sourcing 130

Optimal Sourcing Logility Optimization Software Supply Chain Planning Software 130

Logistics Viewpoints

FEBRUARY 14, 2024

Fewer organizations achieved their business goals in 2023 than in any recent year, aside from 2020. Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent.

Supply Chain Planning Software 279

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 279

Logistics Viewpoints

MARCH 25, 2021

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. Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. Trade disputes and tariffs.

Supply Chain Planning Software 325

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 325

EazyStock

DECEMBER 13, 2020

You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. The prevailing effects of COVID-19 are uncertainty and disruption; the key to planning ahead for 2021 will be to analyze the effects of 2020. Supply Chain Performance: Reviewing 2020. Optimize Inventory. But ‘back to normal’?

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Inventory Management Software Resource Reduction 98

Supply Chain Shaman

SEPTEMBER 5, 2022

Supply Chain Performance over the Period of March 2020 to July 2022. Supply chain leaders self-assessment of performance during the pandemic period of March 2020-through July 2022. Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Why We Cannot Get Inventory Right.

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

Logistics Viewpoints

FEBRUARY 26, 2024

Prior to 2020, they were paying around ten cents a mask. During 2020, Cooper was paying up to a $1.50 2020 it was just a scramble for PPE,” Dr. Runkle explained. “We Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source.

Supply Chain Planning Software 280

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 280

EazyStock

DECEMBER 17, 2019

Intro to 2020 Supply Chain Management Trends. The new year is upon us, and with the end of 2019 we reach the end of the decade – and the beginning of 2020. 2020 supply chain management trends will further these shifts. 2020 supply chain management trends will further these shifts. Greening” the Supply Chain.

Supply Chain Design Software 81

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Trends 81

Resilinc

JANUARY 19, 2022

sales had grown 10% over 2020 and it had outsold the reining champion (GM) by more than 100,000 vehicles. Toyota’s competitive edge in supply chains was developed over a decade as it focused more on risk management and security of supply and less on efficiency and minimizing inventory costs. By the year’s end, Toyota’s U.S.

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Price Reduction Cost Reduction Strategies 62

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 75

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 75

ToolsGroup

APRIL 1, 2022

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. In Fortune 500 earnings calls for Q3 of 2021, “supply chain” mentions were up 412% from Q3 in 2020. Source: Consultancy.UK. Consultancy UK).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ShipBob

AUGUST 23, 2023

Inventory is an important asset. And since ecommerce businesses deal with different types of inventory on a daily basis, it’s important that you understand all of them well. In this article, we demystify the main types of inventory, as well as ecommerce-specific inventory.

Inventory Management Software 52

Inventory Management Software Modeling Software Optimization Software Predictive Analytics Software 52

New Horizon Supply Chain Blog

DECEMBER 8, 2022

Introduction: Why Inventory Balancing? Inventory balancing (also called inventory rebalancing), the periodic transfer of inventory from supply chain locations with too much inventory to locations with too little, is an underutilized supply chain tactic. In such cases, inventory balancing is often the best option.

Boston 52

Boston Inventory Reduction Research Inventory 52

Freightos

OCTOBER 31, 2022

Since early 2020, global trade has been buffeted by waves of increased customer demand, supply chain challenges, and constant uncertainty and volatility. Since early 2020, the supply chain ramifications of COVID have been a rollercoaster for businesses of all shapes and sizes. What Goes Up, Must Come Down.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain 156

Bristlecone

OCTOBER 29, 2020

With extreme demand volatility felt across industries and traditional demand forecasting methods becoming completely unreliable in 2020, companies are now turning to AI and machine learning (ML) to help steer strategic decisions pertaining to demand forecasting. Sourcing, e-auction and supply chain collaboration rollouts.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Design Software Modeling 52

Stord

MARCH 26, 2020

Friday, March 27, 2020 How do you ensure you can fulfill customer orders and maintain service standards during unforeseen and unprecedented events like COVID-19? By leveraging a flexible inventory management system that operates on a cloud-based software so you can respond quickly to customer and business needs.

Inventory Management Software 78

Inventory Management Software Supply Chain Design Software Supply Chain Network Software Forecasting Software 78

GlobalTranz

DECEMBER 22, 2020

For shippers, 2020 was like riding a roller coaster with no way to get off. The volatility of 2020 and the uncertainties looming into 2021 make it difficult to forecast planning and budgets based on historical data. However, some market trends that became significant factors in 2020 will likely continue.

Forecasting 156

Forecasting Forecasting Software Freight Inventory Reduction 156

EazyStock

JUNE 11, 2020

New energy efficiency regulations and standards are set for 2023 regarding certain HVAC systems, making it past time for distributors to start sourcing suppliers and diversifying their product portfolios for the products they’ll need in order to keep up with a new demand. Inventory Challenges for HVAC Industry.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Inventory Management Software Optimization Software 52

BlueYonder

DECEMBER 18, 2020

In 2020, due to social distancing restrictions and lockdowns, Santa is using alternative methods of prediction. He’s Making a List, and Checking Inventory. But in 2020 some of the elves have had to work from home. The post Santa’s Supply Chain: Holiday Logistics in 2020 appeared first on Supply Chain Nation.

Supply Chain Planning Software 68

Supply Chain Planning Software Inventory Reduction Logistics Network Optimization Software Sourcing Strategies 68

Bristlecone

MARCH 25, 2020

RAPID DEPLOYMENT SOLUTION CAN TRANSFORM SOURCING IN JUST SIX WEEKS. With AribaRDS, businesses can transform global sourcing, gain visibility, reduce cycle times and start achieving procurement savings with SAP Ariba Sourcing in as little as six weeks with minimal downtime – and at a price point that won’t break the bank.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Price Reduction 52

Stord

MAY 8, 2024

It's important to partner and select the right technology partners that can take on the role of many disparate systems - this will ensure a less complex architecture and a source of truth. Agile practices optimize inventory management , promoting cost efficiency and lean inventories.

Optimal Sourcing 158

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 158

ToolsGroup

JANUARY 13, 2021

Just when things couldn’t possibly get any crazier, 2020 finally came to a close. We’ve found our customers are urgently seeking ways to better plan around supply chain demand volatility and improve how they source materials and products from suppliers. Companies will also look to shorten and localize supply chains.

Supply Chain Planning Software 272

Supply Chain Planning Software Predictive Analytics Software Supply Chain Planning Scenario Planning 272

Unleashed

JUNE 23, 2021

2021 has been a tumultuous year, marking a transition period from the chaos of 2020 through to the beginning of the post-Covid-19 recovery. Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. 10 inventory management for 2022: 1.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Logility

MAY 17, 2022

The new index is comprehensive, synthesizing data from a variety of sources including the Baltic Dry Index (cost of shipping raw materials), the Harpex Index (container shipping rate changes), Purchase Manager Index surveys and data from the Institute of Supply Management’s manufacturing survey. McKinsey, August 2020.

Scenario Planning 173

Scenario Planning Modeling Supply Chain Planning Software Optimal Sourcing 173

Supply Chain Shaman

FEBRUARY 14, 2022

Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Industries carried on average 32 days more inventory in 2020 than in 2007. (I Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Logistics Viewpoints

JANUARY 14, 2021

All around, 2020 lessons learned are fueling improvements in this new year. Fulfillment professionals also made great strides in 2020, driven by necessity, and many lessons can be applied in the year ahead to keep customers happy and operations on track. They studied the value of getting inventory closer to customers.

Supply Chain Planning Software 246

Supply Chain Planning Software Logistics Network Optimization Software Demand Planning Software Inventory Management Software 246

ToolsGroup

DECEMBER 14, 2021

In-store foot traffic, while up 48 percent over what was a historic low in 2020, was still down 28 percent compared to pre-pandemic levels. percent from 2020 , with that number only getting worse once the entire holiday weekend is taken into account. Image source: Mastercard. Total sales also dropped 1.3 So what caused this?

Retail 156

Retail Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 156

Stord

APRIL 11, 2022

The out-of-stock sticker shock we experienced in the past few years is forcing retailers to take a hard look at how they plan inventory. Why Has Inventory Been so Hard to Come By? Near the start of the pandemic, the inventory-to-sales ratio in the U.S. in July 2020 and bottoming out at 1.07 plummeted—first down to 1.21

Inventory Reduction 78

Inventory Reduction Inventory Manufacturing Procurement Purchasing Skills 78