Supply Chain Shaman

JUNE 12, 2020

Downsizing inventories over the past decade crippled the response.” In Table 1, I share research collected for the Supply Chains to Admire analysis on the average days of inventory by industry across the period of 2004 to 2019 by increments to match economic shifts. Days of Inventory Peer Group Across Time Periods.

Inventory Management Software 262

Inventory Management Software Inventory Management Inventory Reduction Inventory 262

ModusLink Corporation

SEPTEMBER 7, 2023

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

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

AUGUST 25, 2022

BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization. Amid continuous disruption and fast-changing consumer demand, inventory agility is crucial.

Optimal Sourcing 222

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 222

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 96

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 96

The Logistics of Logistics

MARCH 13, 2021

Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used). About Ron Crabtree.

Sourcing Strategies 130

Sourcing Strategies Resource Reduction Price Reduction Waste Reduction 130

Logistics Viewpoints

AUGUST 9, 2022

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

Inventory Management Software 242

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 242

Logility

APRIL 20, 2022

Companies can better gauge emerging risks and opportunities to corporate financial and service level goals when shifting from a least-cost supply chain design to a resilient supply chain design. Developing Diverse, Resilient Sourcing Strateg ies. Companies need to model beyond their tier-one supplier network,” Balte continues.

Sourcing Strategies 130

Sourcing Strategies Material Savings Vendor Strategies Inventory Reduction 130

SCMDOJO

OCTOBER 23, 2024

However, the main pin-point that drives all the factors is inventory/ stocks. How much stock/ Inventory do we need? How much inventory do we need in the off-season and the high season? The overall business performance is dependent on effective Inventory Management, Operations Excellence, Profitability, and Growth.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

Logility

MAY 25, 2023

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. This is where inventory control techniques come in.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Inventory Optimal Sourcing 130

ToolsGroup

MAY 14, 2019

With continuously shifting consumer preferences and brands around the world rushing to deliver delicious new options for alcoholic beverages, The Absolut Company has been able to navigate the increased complexity while staying true to its heritage and commitment to quality and sustainability.

Optimal Sourcing 120

Optimal Sourcing Inventory Reduction Modeling Supply Chain Planning Software 120

SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications. What is the Life Cycle Inventory (LCI)? It includes determining the purpose of the study, the system boundaries (i.e.,

Inventory Reduction 98

Inventory Reduction Analysis Material Savings Optimal Sourcing 98

Logistics Viewpoints

FEBRUARY 28, 2022

A better forecast leads to carrying less inventory while maintaining or even improving service levels. The improvement in forecasting contributed to an increase in service levels by 10% while reducing inventory investment by 20%. A company can go bankrupt, and a machine could be programmed to understand that.

Optimal Sourcing 299

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 299

Arena Solutions

OCTOBER 10, 2024

Succeeding at Strategic Sourcing With Arena and Part Analytics Learn more about the integration between Arena and Part Analytics here. Full transcript below: Heatherly Bucher Welcome to our session on Succeeding at Strategic Sourcing. Engineering and sourcing professionals build the platform for engineering and sourcing.

Analytics Software 61

Analytics Software Negotiating Skills Sourcing Strategies Purchasing Skills 61

SYSPRO Smarter ERP

JUNE 6, 2022

In today’s business world, the success of a firm depends not only on its sales but also on the ability to manage its supply network and ensure it has the inventory it needs to deliver customer orders. McKinsey calculated that companies should expect supply chain disruptions lasting at least a month to occur every three years.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119

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

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

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

Unleashed

MAY 29, 2023

New Zealand-based brewery, Behemoth Brewing Company, joined Unleashed when a lack of inventory control started causing serious stock problems. Since adopting Unleashed inventory management software , Behemoth has evolved into one of the biggest brewing companies in the country. We could not have managed without it.”

Inventory Management Software 52

Inventory Management Software Modeling Software Inventory Management Supply Chain Software 52

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 Inventory Cost Reduction Strategies 156

Supply Chain Shaman

JULY 31, 2024

I see a few companies making progress, but most are going through the endless cycles of trying to implement a technology project. What is the role of make, source, and deliver? How does a company define supply chain excellence. In my qualitative interviews, few global companies larger than 5B$ rate their projects successful.

Supply Chain Planning Software 326

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 326

ToolsGroup

APRIL 20, 2022

1: Overcome the Labor Shortage by Defining Your Company. They want (and expect) companies to establish a sense of purpose in which they can partake. This means your company can’t afford an identity crisis. Who are you as a company and what are you offering employees? And help you get some shut-eye.). #1: Don’t be shy. #2:

Sourcing Strategies 194

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 194

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 81

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Retail 81

Clear Spider

OCTOBER 21, 2024

Now’s the time for businesses to look back at the strain that rising inflation put on their supply chains and inventory management. In this blog, we’ll explain the impact of rising inflation rates on inventory and supply chain management. This has forced many manufacturers to reevaluate their sourcing and pricing strategies.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

Enterra Insights

APRIL 27, 2021

At the time, Bain & Company analysts observed, “Leaders must grapple with a longer-term question: How should we retool our supply chain to protect against shocks while staying competitive on cost and value? 3] Edward Segal, “ Blocked Suez Canal Is Latest Reminder Why Companies Need Crisis Plans ,” Forbes, 27 March 2021. [4]

Sourcing Strategies 130

Sourcing Strategies Manufacturing Procurement Sourcing Agile and Lean Supply Chain 130

Logility

AUGUST 31, 2022

It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Disruption Optimal Sourcing Inventory Reduction 130

Demand Driven Technologies

DECEMBER 12, 2022

Before deciding to invest company resources in a supply chain transformation project, we need to demonstrate a return on investment. This exercise often comes down to one question: If I reduce inventory by X%, what does it save? On the other hand, if my new organization implies an increase in inventory, how can I take.

Inventory Reduction 97

Inventory Reduction Inventory Cost Reduction Strategies Exercises 97

Saleswarp

OCTOBER 2, 2024

What is Phantom Inventory? Phantom inventory is a common issue in inventory management, where there’s a mismatch between the recorded inventory and the actual physical stock. retail operation has an inventory accuracy of only 63 percent. The average U.S. It can also arise from supplier fraud.

Inventory Management Software 40

Inventory Management Software Analytics Software Supply Chain Planning Software Supply Chain Software 40

Logility

OCTOBER 20, 2021

Make better inventory management decisions and gain a deeper understanding of your customers by solving for “what if?”. For durable goods companies, what-if analysis is a valuable tool helping to meet service goals while staying on budget or even improving the financial picture overall. Find the best supply sources.

Analysis 130

Analysis Modeling Optimal Sourcing Supply Chain Planning Software 130

SCMDOJO

SEPTEMBER 20, 2024

Does it ever come into your mind how companies efficiently convert inventories into sales? With the proliferation and expansion of already existing businesses and the development of new companies, it has become critical for each key player to manage, analyze, and calculate the stocks as per actual need.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Modeling Price Mitigation Strategies 52

Unleashed

AUGUST 15, 2024

Choosing the right inventory management system is crucial for optimising business operations, improving accuracy, and increasing overall efficiency. This guide explores five of the best Zoho Inventory alternatives currently on the market.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 52

ToolsGroup

SEPTEMBER 29, 2022

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. Across other retail sectors, customers have increased their trust in inventory availability from 1-7%. In July 2022, IHL and ToolsGroup surveyed U.S. consumer trust in retailers over the last two years as a result of out-of-stocks.

ToolsGroup 156

ToolsGroup Optimal Sourcing Study Groups 156

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

Inventory Management Software 122

Inventory Management Software Inventory Management Inventory Reduction Sourcing Strategies 122

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

Unleashed

JANUARY 4, 2024

Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52