ToolsGroup
OCTOBER 14, 2024
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. In this sector, the ability to provide timely and reliable spare parts can make or break a company’s reputation.
ToolsGroup
MARCH 12, 2025
Equally perplexing is inventory optimization. Many assume that increasing inventory is necessary to improve service levels. But businesses that get inventory optimization right can boost service levels by 3-5% while reducing overall inventory by 15-30%. Doesnt reducing inventory hurt service levels? Wait, what?
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Supply Chain Shaman
MARCH 21, 2023
Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation.
ToolsGroup
OCTOBER 17, 2024
Are you making the fatal mistake of underestimating the importance of inventory rebalancing? Many retailers treat inventory management as a mundane task rather than a strategic lever for success. It’s about strategically adjusting your inventory levels across locations and products in response to real-time customer demand.
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Even global manufacturers –– companies across industrial, automotive, chemical, and energy industries –– are scrambling to mitigate the impacts of labor, material and energy shortages, delays, inflation, and unexpected events. It’s not just small and medium-size businesses that are caught off guard.
Logistics Viewpoints
MARCH 26, 2025
Artificial intelligence (AI) is reshaping supply chain operations by enabling predictive planning, allowing companies to anticipate disruptions before they occur and adjust operations accordingly. Companies must react after the fact, often incurring higher costs and reduced service levels.
Logistics Viewpoints
MARCH 11, 2025
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
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How are organizations performing on inventory optimization? Inventory: asset or liability? Although nobody could have predicted the degree of disruption most companies experienced last year, the pandemic did expose the many challenges organizations face when it comes to inventory. Find out in this new research report.
Speaker: Irina Rosca, Director of Supply Chain Operations, Helix
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. etc) or online promotions (company run or 3rd party).
Advertiser: TadaNow
A Fortune 100 company wanted to have seamless visibility, collaboration and synchronized planning with its multiple levels of suppliers. Which suppliers were being roadblocks, Which posed threats to assurances in supply, What information was being conveyed between suppliers and other supplier and inventory management issues.
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Enterprise Resource Planning (ERP) systems play a key role for wholesale distribution companies in this process, serving (among other things) as the inventory management software that attempts to ensure that the right products are available in the right quantities at the right time and place.
Speaker: Tony Darnell, Shipping Manager at Lippert Components
To make smart allocations, they need to visualize inventory across multiple warehouses and cater to different customer needs.
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Learn how Team Procure is helping companies streamline their procurement by implementing a cloud-based procurement platform across their organization. Team Procure Cloud offers a comprehensive solution to procurement management, streamlining the entire process from purchase requests and approvals to supplier management and inventory control.
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What’s also clear is that to not merely survive but thrive in the today’s volatile global market, companies need to take a more synchronized approach to their various business processes. These challenges didn’t end with the pandemic; it’s clear that disruption is here to stay as the so-called “new normal.”
Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP
The global logistics market is growing, and companies need to prepare for the next generation of supply chain management. As a supply chain director, you want to ensure that your supply chain network can withstand any disruptions and be optimized for peak performance.
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