The Network Effect

OCTOBER 23, 2014

If you want to know ahead of time the changes awaiting the pharmaceuticals supply chain it is useful to extrapolate experiences from the consumer and retail sectors, which were dealing with the same trends and pressures long before pharmaceuticals (for example, the proliferation of distribution channels).

Pharmaceutical 188

Pharmaceutical Consumer Goods Retail Company 188

BlueYonder

AUGUST 15, 2024

From fulfillment analysts and omni-channel commerce managers to customer success managers, diverse functions are tasked with ensuring that inventory is properly rebalanced following a disruption. Let’s explore this challenge through the lens of a consumer goods manufacturer. The result?

Optimal Sourcing 87

Optimal Sourcing Supply Chain Planning Software Inventory Optimization Software 87

Talking Logistics

SEPTEMBER 8, 2015

One tactic major retailers have used to help increase their margins is to offer their own private label branded products as lower-cost alternatives to the consumer goods brands. Consumer goods manufacturers have struggled to combat these private label incursions, with varying degrees of success.

Consumer Goods 100

Consumer Goods Supply Chain Planning Software Company Analytics Software 100

ToolsGroup

JULY 27, 2021

On the surface, it seems like the consumer packaged goods (CPG) industry performed better than most during the COVID pandemic. Consumer goods e-commerce sales for example increased 91% year over year according to a NielsenIQ analysis. Anticipate Consumer Demand and Supply Chain Uncertainty with Probabilistic Planning.

Agile and Lean Supply Chain 290

Agile and Lean Supply Chain Supply and Demand Supply Chain Planning Software Gartner 290

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

ThroughPut

MAY 24, 2024

Managing inventory in a supply chain is complex due to issues like downtime, delays, and demand fluctuations. Multi-Echelon Inventory Optimization (MEIO) is the solution, offering a sophisticated approach to optimizing stock levels, reducing costs, and improving service. What is Multi-Echelon Inventory Optimization?

Optimal Sourcing 52

Optimal Sourcing Modeling Inventory Reduction Optimization Software 52

Aioneers

DECEMBER 7, 2021

Today, we're looking at a project in Inventory Management as a Service that we have implemented at one of our customers.

Case Study 52

Case Study Consumer Goods Inventory Management Inventory 52

Logistics Viewpoints

FEBRUARY 5, 2024

Walmart is not the only big retailer with OTIF requirements, but as the world’s largest retailer, and a company with stringent requirements , Walmart’s OTIF requirements are top of mind for consumer goods companies. These solutions allow companies to prove that their goods arrived on-time.

Shipping 277

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 277

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

Logility

FEBRUARY 10, 2012

Consumer Goods Technology recently released its 2012 Consumer Goods Technology Reader’s Choice survey results. " Aggressive competitors, margin erosion, and quickly changing consumer preferences and behaviors pose serious challenges to the consumer goods industry. Success Story: Kraft Foods.

Consumer Goods 100

Consumer Goods Supply Chain Planning Software Supply Chain Software Optimization Software 100

ThroughPut

JULY 19, 2024

As an inventory planner, you’re constantly navigating a catch-22. You need buffer inventory to protect against emergencies and unexpected demand spikes, but excess buffer stock ties up valuable working capital and risks becoming obsolete. Frequently Asked Question What’s the Difference Between Buffer Inventory and Safety Stock?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 52

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

E2open

JULY 11, 2016

Turning Your Consumer Goods Supply Chain Into a Competitive Advantage. Today’s modern supply chains are multi-enterprise, starting with consumers, retailers, distributors; and flowing through an extended network of suppliers, contract manufacturers, and other third parties. Create healthy inventory across the entire value chain.

Consumer Goods 60

Consumer Goods Supply Chain Software Supply Chain Planning Software Supply Chain Planning 60

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

Logistics Viewpoints

AUGUST 1, 2024

In this scenario, by adopting an adaptive supply chain, the retailer uses real-time data analytics to identify emerging trends and collaborate closely with suppliers to quickly adjust production and inventory levels to meet customer demand. This collaboration enables faster response times and cost savings.

Modeling 278

Modeling Network Optimization Supply Chain Design Software Material Savings 278

My Office Apps

JULY 19, 2023

Efficient Consumable Inventory Management: Tips for Success in Supply Chain Optimization Welcome to the ultimate guide to efficient consumable inventory management! Understanding Consumable Inventory Consumable inventory plays a crucial role in various businesses and industries.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

QAD

MARCH 30, 2023

As I discussed in a recent article in RFID Journal , RFID technology has changed a lot since 2005 and could be the secret to ensuring greater visibility and inventory accuracy this year. RFID tags are one of the best technologies for quickly and accurately tracking goods throughout the value chain. What is RFID Technology?

Manufacturing Procurement 98

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

ToolsGroup

JULY 19, 2023

The Italian consumer goods company applies ToolsGroup’s probabilistic forecasting and inventory optimization across its expansive network to enhance customer experience and business value. This automated, AI-powered solution includes Demand Planning & Forecasting and Inventory Optimization.

Supply Chain Planning Software 120

Supply Chain Planning Software ToolsGroup Supply Chain Planning Forecasting 120

StockTrim

MAY 29, 2024

Inventory planning for consumer goods wholesalers can be complicated due to various factors. The main challenges they encounter include: Demand Forecasting : Accurately predicting consumer demand is essential for effective inventory planning.

Consumer Goods 52

Consumer Goods Inventory Forecasting Inventory Management Software 52

Unleashed

SEPTEMBER 30, 2021

Vendor managed inventory (VMI) – when executed well – can be an efficient and cost-effective system for managing the supply of goods. Learn more: What is Inventory Management? Techniques for 2021 What is vendor managed inventory? How does vendor managed inventory work?

Vendor Strategies 98

Vendor Strategies Inventory Reduction Inventory Inventory Management Software 98

ToolsGroup

JUNE 17, 2024

This is making demand forecasting and inventory management more difficult, and the ability to recognize predictive demand signals more vital. But even a branded fast-moving consumer goods (FMCG) company we know has intermittent demand that accounts for 86% of their SKUs and nearly half of their revenues.

Forecasting 156

Forecasting Modeling Forecasting Software Demand Planning Software 156

Logistics Viewpoints

OCTOBER 14, 2024

This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. You set a target inventory level. Solvoyo has a metric they call the user acceptance rate. That’s an action.

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Planning Procurement Analytics Scenario Planning 238

Supply Chain Shaman

JUNE 13, 2024

This week, I attended the Consumer Goods Forum in Chicago. On the top of mind for many retail and consumer goods executives is the looming forced upgrade by SAP named RISE. The Consumer Goods Forum follows on the heels of Sapphire. The networking was great. Here I share observations and take aways.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Network Software Supply Chain Software SAP 221

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

OCTOBER 22, 2015

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. What Drives Inventory Effectiveness?

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Inventory Supply Chain Planning Software 150

Supply Chain Matters

JUNE 10, 2022

In our Supply Chain Matters commentaries focused on online customer fulfillment and especially the 2021 holiday fulfilment period, we cautioned retail and consumer goods supply chain management teams to be watchful for the bullwhip effect in inventory planning and replenishment needs to support expected customer demand.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply Chain Planning 52

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Learn more: Inventory Accounting – A Free Video Guide for Accountants & Advisors What is Days Sales of Inventory (DSI)? It’s also known as Days Sales in Inventory and Average Age of Inventory.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Logistics Viewpoints

OCTOBER 4, 2021

And how can consumer goods companies learn from their performance in this pandemic to prepare for the future? A study by E2open – the 2021 Forecasting and Inventory Benchmark Study: Supply Chain Performance During the Covid-19 Pandemic – provides the answers. It was a time of need, and demand for essential goods was high.

Inventory Reduction 250

Inventory Reduction Supply Chain Performance Cost Reduction Strategies Supply and Demand 250

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. Product availability was a clear problem during the pandemic: last holiday season, consumers saw over 6 billion out-of-stock messages online , a 253% increase over the 2019 season. in April 2021.

Inventory Reduction 78

Inventory Reduction Inventory Manufacturing Procurement Purchasing Skills 78

Logistics Viewpoints

APRIL 3, 2023

The company claims that for one global consumer goods company the solution was making 12,000 recommendations in a month; 74% of those recommendations were auto accepted. If it is the same consumer goods company that I think it is, I saw their vice president of supply chain speak at a planning conference.

Supply Chain Planning Software 286

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 286

The Network Effect

NOVEMBER 21, 2014

There is growing recognition within pharma that inventory management should be a top priority. Industry insiders are beginning to put increasing focus on improving their inventory management practices, which lag far behind those of other industries. There are usually 4–24 weeks of finished good stocks. Pharmaceutical'

Pharmaceutical 179

Pharmaceutical Inventory Management Software Inventory Management Modeling 179

EazyStock

FEBRUARY 17, 2021

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 75

Logility

MARCH 13, 2024

Inventory planning and optimization are no different. Building a dynamic inventory view InventoryAI+ offers unprecedented capabilities, including the development of a user-friendly dashboard. Automated inventory policy capabilities create probabilistic forecasts and determine appropriate safety stock levels.

Optimal Sourcing 193

Optimal Sourcing Modeling Inventory Reduction Optimization Software 193

Logistics Viewpoints

OCTOBER 6, 2021

Meanwhile, supply shortages and price inflation are getting the front page in consumer-focused publications and plenty of airtime on televised news. Many consumers, including myself, become irritated by the sight of empty store shelves where our favorite consumer goods are typically stored. And rightfully so.

Supply Chain Disruption 239

Supply Chain Disruption Agile and Lean Supply Chain Supply and Demand Supply Chain 239

Logistics Viewpoints

DECEMBER 11, 2023

Clarkston Consulting is focused on the Consumer Goods and Life Sciences industries. They have developed a proprietary inventory analysis tool that can not only help companies achieve service level goals with less inventory, but the inventory analysis can also flow into helping design an efficient warehouse layout.

Supply Chain Design Software 278

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 278

Logility

AUGUST 30, 2022

a leader in supply chain innovation powering the sustainable and resilient enterprise, and The Parker Avery Group, a leading retail and consumer goods consulting firm, announced that they have formed a strategic partnership. ATLANTA (August 30, 2022) – Logility, Inc., We are very excited about this partnership. NASDAQ: AMSWA).

Logility 130

Logility Supply Chain Planning Software Supply Chain Design Software Analytics Software 130

ToolsGroup

JULY 26, 2022

ToolsGroup won the award for its deep supply chain planning expertise and cloud-based solutions for retail, manufacturing, distribution, consumer goods, aftermarket parts, and telecom industries. It was announced at Inspire 2022, the annual event dedicated to the Microsoft partners ecosystem.

ToolsGroup 156

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Software 156