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

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. They don’t have an internal power source, so range and data storage is sacrificed to gain cost efficiency and lifespan. What is RFID Technology?

Manufacturing Procurement 98

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

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

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

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

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

Logistics Viewpoints

APRIL 3, 2023

This is combined with data from external sources on weather, logistics lead times, and sustainability performance. They are designed to have minimal impact on the performance of the underlying source systems. Allocation is a good example of this. These crawlers never stop working. I believe this claim.

Supply Chain Planning Software 286

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

Logistics Viewpoints

MARCH 27, 2023

As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. This leads to lower inventory carrying costs and thus better case flow. Demand forecasting should be tightly integrated to an inventory optimization application.

Forecasting 214

Forecasting Forecasting Software Modeling Optimal Sourcing 214

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

Supply Chain Matters

JULY 25, 2022

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. China was the source of over 90% of PPE.) A Sample Demand Pattern for Consumer Goods. Instead, use demand sensing technologies to detect patterns with minimal latency into inventory requirements. Evaluate Inventory. Evaluate inventory health weekly. What to do?

Supply Chain Planning Software 442

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 442

Logistics Viewpoints

AUGUST 2, 2021

Driver dwell is a key source of driver dissatisfaction and contributes to the driver shortage. Kimberly-Clark is public consumer goods company that generated over $19 billion in revenues last year. K-C needed one solution … to understand where loads are all across the organization” based on “one source of truth.”

Real-time Visibility 258

Real-time Visibility Shipping Sourcing Strategies Supply Chain Planning Software 258

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. Source: Descartes Datamyne.

Supply Chain Disruption 239

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

Logistics Viewpoints

MARCH 25, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.

Supply Chain Planning Software 325

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

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

QAD

NOVEMBER 16, 2023

In today’s rapidly evolving consumer landscape, the way products are packaged plays a pivotal role in the success of consumer goods manufacturing and the overall supply chain. The transformation has touched all inventory levels from material sourcing to end product delivery. It still is.

Packaging 98

Packaging Supply Chain Transformation Manufacturing Procurement Sustainability 98

Logistics Viewpoints

JULY 31, 2023

Unilever (NYSE: UL) is one of the world’s largest consumer goods companies. This multinational operates 280 factories and 500 warehouses, that source raw materials from 52,000 suppliers in over 150 countries, processes 25 million customer orders annually, that are then shipped to customers in over 190 nations.

Inventory Reduction 185

Inventory Reduction Supply Chain Planning Software North America Material Savings 185

Logility

NOVEMBER 13, 2020

You can be proactive and use c ausal f orecasting to leverage data you already own, model additional data sources that could help explain demand variability… or do nothing. . As such, c ausal f orecasting is much more than basing inventory positions and replenishment schedules on shipment data. Featured Download.

Forecasting 246

Forecasting Forecasting Software Supply Chain Planning Software Price Reduction 246

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

Logility

OCTOBER 24, 2024

This eliminates the need for lengthy back-and-forth communications and manual data entry by delivering a single source of truth. So, instead of waiting for formal updates, each team sees the immediate impact of changing demand on inventory, production schedules, and budgets.

S&OP 209

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 209

DELMIA Quintiq

JULY 31, 2023

Source: Deloitte – Consumer sustainability tops the innovation agenda The effective implementation of sustainability goals on emissions, circularity, waste reduction and the recyclability of materials requires a transformation of company operations spanning the entire supply chain—of which digital transformation is a key part.

Sourcing Strategies 156

Sourcing Strategies Supply Chain Planning Software Waste Reduction Price Reduction 156

Logistics Viewpoints

JUNE 26, 2023

Mars is one of the largest fast moving consumer goods companies in the world. Demand sensing involves the use of the external data sources – particularly the latest sales and market data – to improve short-term forecasting and then be able to use that improved understanding of consumer behavior to improve their supply planning.

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 233

Supply Chain Shaman

SEPTEMBER 20, 2015

Source: Dictionary.com. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. This included monthly reviews between business units and central operations teams and adaptive inventory segmentation policies. It is systemic.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Taulia

SEPTEMBER 9, 2021

Inventory management is an essential process for almost every type of business. Inventory is often the largest current asset and poor or ineffective management of stock can lead to large losses or in some cases, business failure. Yet the successful organization of inventory is not without its challenges.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Material Savings 52

crisp

SEPTEMBER 29, 2023

Settle, a pioneering cash flow management company, and Crisp, a leading retail data platform, are setting a new standard for operational excellence in the consumer goods industry. Crisp’s recent partnership with Settle is grounded in our shared vision: to unlock unprecedented operational efficiencies for consumer goods companies.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Supply Chain Design Software Analytics Software 52

RFgen

MAY 13, 2024

From the leftover Ben & Jerry’s in your freezer to the travel-size Dove lotion abandoned somewhere at the bottom of your toiletry bag, the business responsible for these familiar household staples is the multinational consumer goods company, Unilever. This insight helps Unilever understand who’s sourcing from whom.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimal Sourcing 78

Alloy

FEBRUARY 23, 2022

We started Alloy six years ago to help consumer goods brands more quickly and efficiently respond to ever-changing consumer demand. By incorporating real-time consumer demand signals and up-to-date inventory status, you can make better-informed decisions faster. At the time, supply chains were often afterthoughts.

Alloy 98

Alloy Supply Chain Planning Software Supply Chain Planning Scenario Planning 98

Logility

JUNE 28, 2022

Serving leading companies in consumer goods, retail, discrete manufacturing, 3PL’s and management consulting across the globe, Starboard is the fastest growing Supply Chain Design Platform and the most current technology available in the market.

Optimal Sourcing 249

Optimal Sourcing Network Optimization Software Logility Supply Chain Network Software 249

GlobalTranz

APRIL 13, 2021

There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Price fluctuations and sourcing issues. Trade disputes and tariffs.

Supply Chain Disruption 205

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 205

Logility

OCTOBER 15, 2021

The new release includes reimagined inventory planning and optimization functionality, enhancements to raw materials traceability, enhanced notification capabilities, and a new-look demand forecast view that increases accessibility and readability for all decision-makers. Other Features in this Release.

Supply Chain Planning Software 178

Supply Chain Planning Software Sustainability Supply Chain Planning Innovation 178

Logistics Viewpoints

SEPTEMBER 19, 2022

Nulogy, for example, is a platform for collaboration between consumer goods brands and their copacker and comanufacturing partners. Chris Castle, the vice president of product management at Nulogy, said that collaboration in the consumer goods industry was more even handed than in industries like automotive.

Supply Chain Design Software 168

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Network Software 168

SCMDOJO

MAY 7, 2024

For example, one production company mapped their second tier of suppliers and realized that all of their strategic suppliers for a particular direct material sourced some components from a single production site, making them dependent on one source. Like a vigilant guardian, you closely monitor your supply chains.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Visibility Real-time Visibility Supply Chain Design Software 98

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Should supply chain delays occur, companies can more easily identify the source of bottlenecks and take action to improve processes.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Supply Chain Shaman

AUGUST 7, 2018

However, we can start with inventory management and the tracking of materials in the hospital more efficiently. In those days, it was impossible to track inventory in the warehouse. A good perpetual inventory signal is essential to supply chain excellence. Source: CNN, [link]. Let me know your thoughts.

Pharmaceutical 150

Pharmaceutical Manufacturing Procurement Sourcing Strategies Inventory Reduction 150

Enterra Insights

JANUARY 14, 2022

Lisa Johnston ( @thatljohnston ), Senior Editor at Consumer Goods Technology, writes, “Much has been written about the extreme shifts in consumer behavior patterns.”[2] Because consumer behavior has changed rapidly and dramatically during the pandemic, relying on historical data is not always a good strategy.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Packaging Supply and Demand 130