Freightos

JUNE 6, 2023

Listen to the full podcast interview here ) Source: Fort Of course, this stark reality was faced by many small and medium-sized businesses (SMBs) during the peak of the pandemic. Businesses quickly began to notice a different beast: a significant decrease in consumer demand compounded by looming inventory excesses. The key takeaway?

Manufacturing Procurement 328

Manufacturing Procurement Optimal Sourcing Inventory Reduction Supply and Demand 328

Logistics Viewpoints

MARCH 9, 2023

This is because most classical planning solutions lack the modeling capability and computing power to accommodate different data sources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. each with discrete plans generated typically in sequential batch runs.

Supply Chain Planning Software 220

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 220

Logistics Viewpoints

JUNE 1, 2023

Here are some highlights from these trends in 2023 and implications on supply chain planning. Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions.

Supply Chain Planning Software 210

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 210

ToolsGroup

JANUARY 16, 2023

In a world of too little, too late, real-time data provides the actionable insights companies need to maximize inventory performance and business profitability. The highly scalable platform processes and analyzes data quickly and applies configuration to provide actionable views of inventory.

ToolsGroup 156

ToolsGroup Real-time Visibility Optimal Sourcing Supply Chain Planning Software 156

Logistics Viewpoints

FEBRUARY 14, 2024

Looking Back to 2023 Performance in 2023 was not as positive as we might have hoped, and it was a harder year than many had anticipated. A majority of organizations (62 percent) missed their 2023 business goals, and four in five organizations reported falling short of their competitors’ or peers’ performance (Figure 1).

Supply Chain Planning Software 271

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 271

Supply Chain Shaman

JULY 31, 2024

What is the role of make, source, and deliver? In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower.

Supply Chain Planning Software 363

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 363

Supply Chain Shaman

JANUARY 7, 2025

Compared to peer group performance for 2013-2023, 59% of the Gartner Top 25 score below their peer group on average revenue growth, 41% below inventory turns, and 41% below their sector on invested capital. The data outcome is open source and can be used to improve project outcomes. Before we get started, let’s agree.

Optimal Sourcing 292

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 292

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

but when demand slowed, the pressure to reduce inventory becomes a lot higher. Although 2023 first half reliability has been improving to around 65%, the lead time variability is still high compared to other modes of transportation, and still below pre-pandemic levels. 2022 ocean schedule reliability dropped to 30%.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

ToolsGroup

MAY 2, 2023

Based on numerous conversations with professionals across the industry, here are our top five takeaways from Retail Technology Show 2023. What’s more, the roles of warehouses and stores are becoming less distinct, with some retailers using stores themselves to store inventory. Looking for eco-friendly ways to handle excess inventory?

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Network Software Inventory Reduction Demand Planning Software 156

Logility

MARCH 16, 2023

Although inflation has slowed since then, it continued to climb in January 2023 , triggering fears that the Fed could keep raising interest rates throughout 2023. Higher interest rates and materials prices are increasing the costs of carrying inventory. In June 2022, U.S. inflation reached a 40-year high.

Network Design Software 130

Network Design Software Network Design Supply Chain Design Network Optimization 130

Enterra Insights

JUNE 28, 2023

By having more efficient delivery routes, warehouses, and inventory systems in place, companies can reduce their operational costs while still delivering great customer service.” ”[7] Even back then, food, spices, salt, and other goods had to be sourced and moved. Logistics helps to create value. Keep up the good work.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Logistics Supply Chain Design Software 130

The Logistics of Logistics

SEPTEMBER 25, 2023

He has extensive experience in the industrial supply chain and distribution space, as he was recognized as a Supply Chain Pros to Know by Supply and Demand Chain Executive in 2021, 2022, & 2023. For manufacturers: Optimizes inventory and harmonizes data to reduce costs, improve visibility, and make better sourcing decisions.

Optimal Sourcing 264

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 264

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 Shaman

DECEMBER 7, 2023

Source: Supply Chain Insights ASCM defines resilience in the SCM Supply Chain Dictionary as the ability of a supply chain to anticipate, create plans to avoid or mitigate, and to recover from disruptions to supply chain functionality. I am currently doing research on inventory management. The result was restatement. My conclusion?

Supply Chain Design Software 315

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 315

Logistics Viewpoints

OCTOBER 15, 2024

Technology Integration : Use of technology in logistics, inventory management, and supply chain tracking has helped improve efficiency and transparency. The group turnover for Amul in 2023-24 is Rs 80,000 crores ($10 billion), which is an increase from Rs 72,000 crores ($9 billion) in 2022-23.

Optimal Sourcing 254

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 254

Supply Chain Shaman

MAY 21, 2024

Figures 3A and 3B: Performance of L’Oreal Compared to Peer Group Rethinking Metrics In concert with statisticians at Georgia Tech, we have tested correlations between different value metrics (market capitalization, fundamental score, and book to assets) and balance sheet/P&L data for public companies from 1982 to 2023.

Procurement Analytics 346

Procurement Analytics Metrics Optimal Sourcing Supply Chain Planning Software 346

Supply Chain Shaman

JUNE 21, 2023

To support this assertion, I share the results in Table 2, which contrast the Gartner Top 25 2023 winners to the results of their industry sector for the ten-year period of 2023-2022. While companies that supply chain leaders believe are top performers– J&J, P&G, and Unilever– do not outperform their peer group.

Gartner 360

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 360

BlueYonder

NOVEMBER 21, 2023

With at least three major discount events, the 2023 holiday season will surely put store and warehouse teams to daily tests of collaboration. This 2023 holiday season, retailers will witness a host of diverse shopping habits, reflecting yet more shifts in consumer preferences and new economic realities.

Purchasing Skills 113

Purchasing Skills Real-time Visibility Retail Inventory Reduction 113

BlueYonder

APRIL 13, 2023

ICON 2023 is Blue Yonder’s annual customer conference and premier supply chain event, where practitioners and decision-makers exchange insights about their transformation journeys If you are in the manufacturing field, why should you attend this year’s event? Fast forward to today, many of our customers are dealing with excess inventory.

Manufacturing Procurement 97

Manufacturing Procurement Inventory Reduction Optimal Sourcing Cost Reduction Strategies 97

The Logistics of Logistics

JANUARY 13, 2023

The Amplio solutions ensure that you have the inventory you need, when you need it, at the most optimized price so that you can focus on what matters most to you and your business. Trey and the Amplio team believe that sourcing electronic components should be easy and predictable. Access diverse sources of supply.

Manufacturing Procurement 183

Manufacturing Procurement Optimal Sourcing Purchasing Skills Procurement Solutions 183

Resilinc

APRIL 17, 2024

Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?

Sourcing Strategies 98

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 98

NC State SCRC

JANUARY 1, 2023

As we go into the first week of 2023, many are wondering what’s ahead for global commerce and supply chains. As I’ve done in prior years, I’ll make a few predictions based on what happened in 2022 – and what I think it means for 2023. Unfortunately, a lot of the bloated inventory is stuff that consumers don’t want – or can’t afford.

Predictive Analytics Software 94

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Pharmaceutical 94

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Evolution of Asset Management: Humans, Inventory and the Rise of AI by Jeroen Hendriks , Director at Art of Supply Chain Sdn Bh In the ever-evolving landscape of organisational success, the spotlight is now on asset management. However, inventory is also an essential asset for many businesses.

Asset Management 130

Asset Management Inventory Reduction Inventory Optimal Sourcing 130

Supply Chain Matters

JANUARY 6, 2023

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares select individual prediction snapshots that are included in our Annual 2023 Predictions for Industry and Global Supply Chains Research Advisory publishing later this month. Expected 2023 global economic growth in a range from 2 percent to 2.7

Predictive Analytics Software 98

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 98

Logistics Viewpoints

APRIL 4, 2022

A large multinational is undergoing an impressive supply chain transformation that will run through 2023. They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. For some customers, they manage the inventory using a vendor managed inventory program. A Complex Supply Chain.

Supply Chain Transformation 207

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 207

QAD

APRIL 27, 2023

I sat down with Kenneth Zins, Henry Schein vice president of global sourcing, to take a look at trends, discuss where best to focus a team’s energy, and share approaches for navigating the inevitable challenges ahead. You want to balance your inventory levels. savings through e-sourcing solutions.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 98

BlueYonder

DECEMBER 11, 2023

Inventory control represents a huge challenge for any retailer. In fact, inaccurate inventory is the single biggest cause of poor customer experience, according to a new survey by Blue Yonder. How did the company overcome its inventory issues? The case of this tech retailer, The Source , shows why.

Inventory Reduction 104

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Retail 104

Logistics Viewpoints

JUNE 20, 2022

Mr. Bailey has worked most of his career at VF – as an industrial engineer in facilities, in strategic sourcing, running offshore operations, and now as the person in charge of the company’s entire supply chain. VFC’s supply chain sourced over 410 million units of apparel, footwear, and accessories in their last fiscal year.

Agile and Lean Supply Chain 229

Agile and Lean Supply Chain Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 229

BlueYonder

APRIL 4, 2023

We are very excited to announce that Blue Yonder has been recognized as a Strong Performer in The Forrester Wave : Order Management Systems, Q2 2023 Report. Review The Forrester Wave : Order Management Systems, Q2 2023 report to learn about the latest market trends and why Blue Yonder was recognized as a Strong Performer.

Procurement Analytics 98

Procurement Analytics Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 98

Logility

MAY 16, 2024

Many organizations need workers to manage their inventory, demand forecasts, operations, materials, purchasing, logistics, sourcing, and more. Work in Increasingly Diverse Spaces: A 2023 Gartner Survey found that 49% of supply chain organizations have formal DEI objectives.

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Gartner 207

QAD

MARCH 30, 2023

Manufacturers may not think they have much in common with the retail companies beyond producing the products that stock store shelves, but there could be a lot to learn from the latter as the manufacturing headwinds of the last few years carry into 2023. and bring inventory accuracy up to an impressive 99.9%. What is RFID Technology?

Manufacturing Procurement 98

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 98

BlueYonder

OCTOBER 25, 2023

16, 2023, was Global Week of Giving at Blue Yonder, and our associates contributed more than 700 hours of volunteer time helping local communities!! The week of Oct. With World Food Day taking place on Oct. 16, food insecurity was a primary focus for several Blue Yonder planned events.

Wisconsin 109

Wisconsin Global Singapore Poland 109

Arena Solutions

MARCH 9, 2023

On May 15 – 18, 2023, professionals across the industrial enterprise will have the opportunity to attend PTC LiveWorx in person at the Boston Convention and Exhibition Center. Managing product and quality information in a single system provides a source of confidence for effective quality management.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Modeling Software Optimization Software 98

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Create speed and transparency.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

ToolsGroup

MARCH 7, 2023

The dynamic sourcing capability automatically smooths inventory targets day after day and ensures target service levels are achieved regardless of supplier constraints. Stock Mix Optimization : The setting and planning of differentiated and market-oriented service level targets as an optimal compromise between service and inventory.

Optimal Sourcing 156

Optimal Sourcing ToolsGroup Supply Chain Planning Software Scenario Planning 156

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. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207