ToolsGroup

JUNE 8, 2018

Source: Gartner Research. Gartner Research analyst Paul Lord has developed a thought-provoking approach (shown in the above diagram) for tailoring supply and inventory tactics to different inventory segments. Traditional ABC inventory models segment inventory into A, B and C categories based on annual consumption value.

Modeling 197

Modeling Optimal Sourcing Inventory Reduction Demand Planning Software 197

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

Supply Chain Shaman

JULY 31, 2024

What is the role of make, source, and deliver? In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower.

Supply Chain Planning Software 326

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

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

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

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

Supply Chain Shaman

JANUARY 25, 2024

With slim margins and ever-increasing inventories, companies invested less in capital assets. Today, this network operates with less capacity and ballooning inventories. The accuracy and timeliness of perpetual inventory information is an issue adding to the issues of multi-tier inventory management. Customer Service.

Supply Chain Network Software 275

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 275

QAD

MARCH 27, 2024

Having a good Supply Chain Management (SCM) process is crucial for offering excellent customer service. Research from Gartner found that 83% of businesses believe that the supply chain is key to enhancing customer experience. You should then process this data using a well-organized and unified approach.

Supply and Demand 52

Supply and Demand Supply Chain Planning Software Demand Planning Software Demand Planning 52

SCMDOJO

SEPTEMBER 20, 2024

Does it ever come into your mind how companies efficiently convert inventories into sales? Regardless of the size, many businesses struggle with managing their inventories, storage, and logistics, which impacts their customer services and ultimately their businesses. What is the Stock turnover?

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Modeling Price Mitigation Strategies 52

RFgen

JUNE 30, 2023

Gone are the days of paper inventory tracking and manual data entry. The businesses of tomorrow need technology solutions that give real-time information in order to make key business decisions when it comes to inventory. Essentially, an ERP helps organizations run their business by acting as a single source of truth.

Inventory Management Software 75

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

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently?

Optimal Sourcing 136

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling 136

Kinaxis

MARCH 22, 2017

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. The equivalent of 7% of America’s GDP is tied up in inventory, and accounts receivable and payable. Implementing inventory optimization.

Optimal Sourcing 196

Optimal Sourcing Supply Chain Optimization Network Optimization Inventory Reduction 196

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

Logility

DECEMBER 15, 2023

Staying competitive in this intense landscape demands finely tuned operations that are highly efficient and effective – from product concept to customer consumption. The key to creating an effective market-driven demand plan is access to rich forecasts based on inputs from multiple sources.

Optimal Sourcing 173

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 173

SYSPRO Smarter ERP

FEBRUARY 2, 2022

Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices. AI in inventory management.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Management Software Inventory Management Inventory Reduction 105

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently?

Optimal Sourcing 120

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling 120

Logility

JANUARY 12, 2021

automating the digital transformation of supply chain optimization and advanced retail planning, invites you to the upcoming webcast: Roadmap to Overcoming Five Obstacles to Achieving Multi-Echelon Inventory Optimization. At the same time, supply chain teams must free working capital while delivering exceptional service.

Optimal Sourcing 130

Optimal Sourcing Logility Optimization Software Supply Chain Planning Software 130

QAD

JUNE 25, 2019

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Managing an Inventory Investment.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

ToolsGroup

JUNE 17, 2021

Right-sizing inventory. Avoiding inventory overages and shortages begins with a better forecast, but also requires a smarter inventory strategy. Differentiated customer service classes enable alignment of order fill rate targets by groups to the organization’s go-to market strategy.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

ToolsGroup

FEBRUARY 5, 2019

Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. Many companies struggle with decisions such as “How many days of sales or inventory turns per year should we target?

Supply Chain Design Software 120

Supply Chain Design Software Optimal Sourcing Supply Chain Design Inventory Reduction 120

Logistics Viewpoints

MARCH 9, 2023

This is because most classical planning solutions lack the modeling capability and computing power to accommodate different data sources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. each with discrete plans generated typically in sequential batch runs.

Supply Chain Planning Software 227

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 227

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? Why not start with a free online call with one of our IM specialists?

Inventory Reduction 75

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 75

SYSPRO Smarter ERP

NOVEMBER 18, 2024

The data can be used to identify inefficiencies in the supply chain, improve inventory management, and streamline operations. Supply chain management The international sourcing of automotive components is now a common practice but it can still present challenges. An ERP provides a central repository for all a distributor’s data.

Automotive 52

Automotive Optimal Sourcing Purchasing Skills Manufacturing Procurement 52

Talking Logistics

SEPTEMBER 4, 2018

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain.

Inventory Reduction 118

Inventory Reduction Inventory Management Software Logistics Network Optimization Software Inventory Management 118

RFgen

JUNE 2, 2023

A New Perspective on Inventory Management Inventory management can feel like a constant game of cat and mouse—chasing after ever-changing demand while trying to balance stock levels. As revealed in the RFgen Digital Inventory Report , a major challenge in inventory management is having too many challenges.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Optimization Software Supply Chain Software 52

Logility

APRIL 17, 2023

of supply chain managers using Excel spreadsheets to manage your inventory and supply chain, it’s time to make a change. Monetizing Customer Service Needs with Connected Products Connected products offer an opportunity to monetize customer service needs — a crucial aspect of modern manufacturing.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 130

Logistics Viewpoints

FEBRUARY 28, 2023

It is making use of inventory that is the easiest/fastest to get to the customer, no matter through which channel the order was placed. Numerous supply chain disruptions affected the ability to get inventory in time – or at all – and now that the backlog caught up, many organizations are experiencing a surplus of inventory.

Optimal Sourcing 221

Optimal Sourcing Sourcing Strategies Inventory Reduction Vendor Strategies 221

RFgen

AUGUST 10, 2023

Inventory management is no exception. Today’s digital supply chain makes manual inventory control obsolete. When first implementing digital inventory technology, many organizations consider a warehouse management system (WMS). Deliver accurate, on-time orders for optimal customer service.

Real-time Visibility 81

Real-time Visibility Inventory Management Software Supply Chain Planning Software Inventory Reduction 81

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. This includes Slow and Obsolete Inventory (SLOB), returns, quality issues, and expired product.

S&OP 336

S&OP Supply and Demand Forecasting Supply Chain Design Software 336

Herlitz Inventory Management

OCTOBER 1, 2018

Since implementing HIMPACT, Maurice Sporting Goods is fully equipped to improve customer service levels, lower inventory, and increase profits. Herlitz Inventory Management delivered a rich, market focused, customized solution that optimizes customer service levels and will increase profits.

Forecasting 40

Forecasting Optimal Sourcing Forecasting Software Customer Service 40

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. Go to the source.

Supply and Demand 388

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 388

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Supply Chain Shaman

FEBRUARY 26, 2024

The company aligns channel requirements with available donors and successfully drives bi-directional orchestration programs to manage the reverse bill of materials (red cells and plasma) and demand-shaping campaigns to drive the right donors to the blood drives based on inventory levels. Analyze inventory health.

Modeling 208

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 208

Logistics Viewpoints

JUNE 26, 2023

For Mars, digitalization has focused on improved customer service, cost reductions, and making their supply chain associates more productive. What a Supply Chain Digital Transformation Means Unsurprisingly, a company as large as Mars has a highly complex supply chain involving global sourcing, manufacturing, and distribution.

Supply Chain Planning Software 232

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 232

Logistics Viewpoints

JANUARY 23, 2024

With its OMS, Blue Yonder is reimagining the end-to-end customer experience at all digital touchpoints. The most interesting thing that Blue Yonder is doing from an OMS standpoint is driving promising and pre-sourcing to retailers. Customers are able to make edits to an order later in the process.

Supply Chain Planning Software 240

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 240

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. This avoids duplication of efforts and ensures a smooth flow of goods and services.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Logistics Bureau

OCTOBER 11, 2024

Here I want to share eight key procurement challenges that we and consultants are facing in today’s global sourcing world. Challenge 1: Low supply chain responsiveness – A low level of supply chain responsiveness is often observed when goods and services are purchased from remote countries.

Manufacturing Procurement 77

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 77