SCMDOJO

FEBRUARY 19, 2024

In today’s fiercely competitive business landscape, the quest for continuous improvement has become imperative for small and medium-sized enterprises (SMEs) to thrive. – Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.).

Six Sigma 91

Six Sigma Optimal Sourcing Continuous Improvement Agile and Lean Supply Chain 91

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 283

Modeling Network Optimization Supply Chain Design Software Material Savings 283

SCMDOJO

NOVEMBER 20, 2024

Excessive and obsolete inventory can cause a business to fail. One needs to mitigate these challenges and learn how to optimize inventory. Healthy inventory optimization management can help a company flourish like a wealthy field. That is why optimizing inventory and reducing obsolescence is a necessity. Click here!

Inventory Reduction 90

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 90

Logility

AUGUST 31, 2021

However, inventory optimization for beverage brands can help these organizations overcome such challenges with greater ease and speed. It also lays a long-term foundation for a supply chain resilient against extreme volatility and one that continuously improves to drive strategic change. Inventory replenishment strategies.

Modeling 130

Modeling Beverage Inventory Reduction Supply Chain Optimization 130

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. Since 2000, businesses have implemented programs such as just-in-time (JIT) inventory and lean operations to improve profitability.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 285

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 285

DELMIA Quintiq

JULY 27, 2023

DELMIA MES drives efficiency by using real-time data to trigger execution decisions and empower manufacturers to reduce waste, inventory, and cycle times while improving efficiency, quality, and customer satisfaction. It can therefore be mapped to the Production module of DELMIA MOM (Apriso).

Real-time Visibility 296

Real-time Visibility Optimization Software Supply Chain Network Software Logistics Network Optimization Software 296

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Lack of Focus on Form & Function of Inventory and Designing Network Flows. As supply chains moved from regional to global, intransit and cycle inventories increased. The problem?

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

ToolsGroup

MAY 15, 2024

Navigating Uncertainty Mitigating Risks Enhancing Customer Satisfaction Empowering Leadership Driving Continuous Improvement Navigating Uncertainty Uncertainty has become a constant in the modern business environment. Enhancing Customer Satisfaction In today’s hyper-competitive market, customer satisfaction is paramount.

Supply Chain Planning Software 177

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Software 177

Supply Chain Shaman

APRIL 16, 2014

On the 2nd of April, I sat before a board discussing how a company could exceed expectations in the delivery of Return on Invested Capital (ROIC) and superior operating margins and fail at the delivery of customer service and inventory. An Orbit Chart of Customer Service (Case Fill) Versus Inventory Turns.

Supply Chain Design Software 279

Supply Chain Design Software Agile and Lean Supply Chain Modeling Supply Chain Planning Software 279

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 94

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 94

Kinaxis

DECEMBER 3, 2014

Reason #6 Not effectively managing inventory. One example that I’ve seen several times is around inventory targets. This software then calculates the statistically correct, time phased safety stock levels across multiple levels of the supply chain, providing the optimum inventory in the optimum location.

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

Supply Chain Shaman

AUGUST 11, 2014

We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement. We think that it requires a focus on both total performance and measured supply chain improvement.

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

Logistics Viewpoints

JUNE 22, 2023

Ultimately it allows the measurement of a business’ ability to deliver on their promise while capturing the highest gross margin on their inventory investment. Suppliers, inventory visibility, and other variables beyond direct control can influence OTIF. How can an OMS help improve OTIF?

Supply Chain Software 215

Supply Chain Software Real-time Visibility Modeling Software Optimization Software 215

Logistics Viewpoints

APRIL 14, 2022

Supplier problems will cause a cascade of problems up and down the value stream, leading to supply order delays that cause inventory shortages, production disruptions, missed shipments and lost revenue. In a disruptive environment, these issues are further amplified, affecting resiliency.

Supply Chain Planning Software 242

Supply Chain Planning Software Supply Chain Software Forecasting Software Procurement Solutions 242

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. Ipsen also need to reduce their lead times.

Customer Service 214

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 214

Logistics Viewpoints

FEBRUARY 5, 2024

The visibility solution must be built in such a way that it can download order quantity and inventory data from a customer’s systems. FourKites is one of the largest providers of real-time transportation visibility solutions. It is not enough to use GPS to track a truck. Uber Freight is also able to track both on-time and in-full.

Shipping 281

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 281

Enchange Supply Chain Consultancy

JULY 3, 2024

This phase focuses on ensuring a smooth implementation, ongoing support, and continuous improvement. Ensure they have the necessary inventory, marketing materials, and training to effectively introduce your products to the market. Track metrics such as sales volume, market share, inventory levels, and customer satisfaction.

Inventory Reduction 200

Inventory Reduction Supply Chain Planning Software Material Savings Price Mitigation Strategies 200

C3 Solutions

NOVEMBER 27, 2020

Demand sensing relies on the automation of analytics, machine learning and real-time information to improve forecasting for a given facility, such as a retailer or warehouse. Unlike traditional forecasting, its advantages lie in adjusting the forecast around the clock and enabling continuous improvement in inventory planning.

Supply and Demand 158

Supply and Demand Forecasting Supply Chain Software Continuous Improvement 158

The Logistics of Logistics

JULY 12, 2023

Corey is also proficient in product development and management, successful contract negotiations, continuous improvements, emerging technologies, and cultivating key relationships and partnerships. Each MFC is operated to maximize flexibility and focused on forward deployed inventory and fulfillment.

Negotiating Skills 217

Negotiating Skills Purchasing Skills Network Optimization Software Logistics Network Optimization Software 217

ToolsGroup

NOVEMBER 30, 2020

With Service Optimizer 99+ (SO99+) ToolsGroup’s manufacturing customers commonly achieve a 10-30% reduction in inventory, improve product availability to 96% or better, and reduce overhead (such as overtime and expedited freight) by 50%. Reduced inventory value of safety stock on clustered items by 18%.

ToolsGroup 156

ToolsGroup Inventory Reduction Price Reduction Manufacturing 156

Logility

JANUARY 18, 2024

But it is setting the foundation for a new paradigm that could cut 70% of weekly planning time, 15%–30% fewer forecast errors, and impressively improved inventory outcomes. It unlocks a realm of possibilities – from continuous improvement through automated data analysis to fine-tuned demand planning and resilient simulations.

Modeling 189

Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Software 189

Supply Chain Shaman

MARCH 27, 2023

Just as the electric light bulb did not come from the continuous improvement of candles, I believe that supply chain planning improvements will not come from doing more of the same. What is the role of inventory? Both oxymorons and juxtapositions add to the confusion in the successful deployment of planning.

Supply Chain Planning Software 315

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 315

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

GlobalTranz

JULY 1, 2021

These are some of the top transportation metrics to track for improved performance and continuous improvement. Companies that track this data can then implement and create new supply chain strategies that align with their overall business goals and customer expectations.

Metrics 315

Metrics Transportation Vendor Strategies Logistics Network Optimization Software 315

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

Sales, Inventory, Operations Plan (SIOP) is a process within many successful supply chain organizations that recognizes the integral relationship between all departments in the company, but how do you piece together an SIOP process? SIOP stands for “Sales, Inventory, Operations Plan”, not to be confused with “S&OP”.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

Supply Chain Shaman

JANUARY 19, 2014

Despite multimillion dollar technology projects, and tomes of strategy documents, they are stuck in their ability to overcome market factors and rising complexity to drive continuous improvement on a portfolio of metrics. I have spent the last month working with clients that are out of balance. What does that mean?

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278

Logistics Viewpoints

JULY 31, 2023

This is a culture of continuous improvement writ large. It was believed a SCP transformation would reduce inventory, improve service and free up cash flow. There was a reduction in operational costs of 20 basis points, a 15% improvement in planner productivity and a 5% reduction in working capital.

Inventory Reduction 189

Inventory Reduction Supply Chain Planning Software North America Material Savings 189

Logistics Viewpoints

NOVEMBER 3, 2022

Your LMS suddenly becomes the smart support manager you knew it could be and serves as your platform for continuous improvement. Inventory mix. That one-time investment of effort will pay dividends on your road to continuous improvement. You gain a running picture of performance standards in your warehouse.

Supply Chain Design Software 238

Supply Chain Design Software Optimization Software System Logistics Network Optimization Software 238

Supply Chain Shaman

NOVEMBER 1, 2015

The issue is that costs need to be continually balanced with customer service, and inventory programs against a business strategy. Figure 3: Continuous Improvement Programs. When companies talk to me about continuous improvement programs, we discuss the need for balance and what this looks like on a day-to-day basis.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 150

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

Supply Chain Shaman

JANUARY 21, 2014

Companies are stuck at the intersection of inventory turns and operating margin. They are unable to drive improvements in both. Slowly the words take definition in everyday speech. Nine out of ten supply chains are stuck. Growth has slowed. Complexity has increased. The supply chain processes need to be designed from the market back.

Supply and Demand 327

Supply and Demand Modeling Demand Planning Software Forecasting 327

RFgen

JULY 31, 2024

Inventory and warehouse performance are powerful, often underappreciated, tools for boosting customer satisfaction and increasing profitability. Effective inventory and warehouse management directly impact a business’s ability to meet customer expectations by ensuring timely deliveries, accurate order fulfillment, and reduced errors.

Inventory Reduction 75

Inventory Reduction Inventory Management Software Supply Chain Planning Software Optimization Software 75

ToolsGroup

JULY 10, 2018

Second, it can be a continuously improving process, where planning outcomes are regularly assessed and used to fine-tune the next cycle using tools such as Forecast Value Add (FVA). Demand signals can include downstream demand such as “sell out” or POS data and downstream inventory levels. Demand Sensing. Demand Shaping.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

GlobalTranz

JUNE 1, 2018

Performance metrics can be used to provide real-time feedback, which helps keep employees motived and focused on continuous improvement. Greater accountability into inventory reduces the risk of theft, which is estimated to cost the industry up to $80 billion each year. Improving network-wide inventory visibility.

Supply Chain Design Software 184

Supply Chain Design Software Supply Chain Planning Software Optimization Software Forecasting Software 184