Supply Chain Shaman

MARCH 5, 2019

What is an easy definition? There is no class of technologies, or common definition, for “control towers.” For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory. Without clear definitions projects expect failure. Visibility.

Supply Chain Design Software 296

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 296

Unleashed

MAY 1, 2023

An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. What is an inventory control chart? An inventory control chart, also known as a stock control chart, is a visual diagram that reflects the minimum and maximum stock levels of a business over time.

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52

SCMDOJO

DECEMBER 14, 2023

To make things simpler, having a clear lead time definition helps in making sure orders are fulfilled on time and customers are satisfied. With this in mind, we will explore in this blog the definition of Lead Time, its impact, and how mastering it can be your competitive advantage. Cost Savings: Reduction in inventory holding costs.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Cost Reduction Strategies Waste Reduction 98

Logistics Viewpoints

JANUARY 26, 2021

The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. There are Also Commercial Reasons. The Road to Agility and Resilience.

Agile and Lean Supply Chain 286

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Supply Chain Strategy 286

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover is expressed as a financial ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Supply Chain Shaman

OCTOBER 23, 2024

There is no standard definition. In the supply chain management industry, words swirl but lack definition. There are many claims but no clear definition. In the sea of hype, there are few definitions but a lot of hand-waving. However, we need to challenge the base definition of supply chain planning. You need both.

Supply Chain Planning Software 263

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 263

Unleashed

MAY 14, 2023

Although it’s normal for product-based businesses to have some level of inventory shrinkage, it must be kept under control. We’ll discuss everything you need to know about inventory shrinkage, how it pertains to inventory accounting , and 10 effective strategies for preventing or reducing inventory shrinkage.

Inventory Reduction 52

Inventory Reduction Journal Inventory Inventory Management Software 52

Logistics Viewpoints

JULY 6, 2022

I did a little digging to find out the specifics about excess inventory, the stated causes, and the potential implications. Retailers’ Inventories – Just Keep your Returns? Unfortunately, I am unsure about the order of magnitude or the duration of these inventory mismatches. Here’s my take on the topic.

Inventory Reduction 288

Inventory Reduction Inventory Retail Purchasing Skills 288

Supply Chain Shaman

JUNE 30, 2023

Each executive has a different perspective on the definition of supply chain excellence, but they are never discussed and aligned. As a result, demand planning is largely manual, inventory management is a series of manual inputs, and production planning is via spreadsheet. Anne is a lean disciple and sees all inventory as Muda.

Supply Chain Planning Software 326

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 326

ShipBob

FEBRUARY 8, 2021

Poor inventory management can significantly impact customer loyalty and the overall brand experience. . Inventory management is a crucial part of the ecommerce supply chain that impacts customer loyalty and the overall brand experience. What is inventory replenishment? Avoiding stockouts. Preventing overstocking.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Cost Reduction Strategies Inventory 98

EMERGE App

DECEMBER 19, 2023

Inventory management is a tough task, especially when you’re starting out. There are lots of inventory management books available which can help you understand basics, but I am here with the list of best books in the market. Best Inventory Management Books of All Time: 1.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Supply Chain Shaman

DECEMBER 7, 2023

We are not clear on definition. So, if you use the Supply Chain Insights definition, you might ask, how are we doing commercially against this goal? I believe that the ASCM definition is too reactive and rooted in the traditional, and outdated concepts on risk management. I am currently doing research on inventory management.

Supply Chain Design Software 319

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 319

RFgen

NOVEMBER 13, 2024

Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?

Inventory Management Software 66

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 66

Supply Chain Opz

JULY 1, 2014

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. Real world example is that a "new boss" ask you to cut cost by 10%, improve service level by 15%, double inventory turns and so on.

Cost Reduction Strategies 271

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 271

Supply Chain Shaman

MAY 13, 2024

P&G did not appreciate the work Gilette accomplished on form and function of inventory and using market signals. As a result, the company’s performance at the intersection of margin and inventory turns was circular for the past decade. Strategy definition precedes process definition.

S&OP 352

S&OP Supply and Demand Inventory Reduction Expense Reduction 352

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

Supply Chain Shaman

OCTOBER 4, 2018

At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession. IT View of the Current State of Inventory. Five Reasons.

Inventory Management Software 272

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 272

Supply Chain Shaman

JUNE 3, 2024

A Closer Look at Digital For a decade, I have struggled to get a clear definition on the digital supply chain. Definition: With reference to a dog used for hunting game, the colloquial American-English phrase that dog won’t hunt , and its variants, are used to express the opinion that a particular plan or approach will not succeed. (The

Supply Chain Planning Software 345

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 345

SCMDOJO

DECEMBER 29, 2022

It can streamline processes, reduce errors and costs, help manage inventory, and improve safety conditions for workers. Warehouse Automation Definition: Warehouse automation uses technology and automated systems to streamline inventory management, storage, and shipping. WMS is hard to implement and even harder to sustain.

Supply Chain Software 72

Supply Chain Software Warehousing Optimal Sourcing Optimization Software 72

Cognira

JUNE 4, 2024

Deal Management: Definition, Challenges & Benefits of AI Solutions June 4, 2024 Promotions Home In the current retail landscape, deal management is often bogged down by spreadsheets, duplicative efforts, and disjointed collaboration.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Pricing Training Purchasing Training 52

Supply Chain Shaman

DECEMBER 27, 2022

The race started in 2016 as a foggy definition of digital appeared in supply chain marketing from technology providers. Today, there is no standard definition of digital. The numerous definitions across the supply chain technology and consulting providers are very different and often confusing. What is a digital brain?

Supply Chain Software 406

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 406

Supply Chain Game Changer

APRIL 27, 2021

Featuring Our 10 Best Inventory Management Articles! Inventory makes the world go round. Trillions and trillions of dollars of inventories exist all over the world in every conceivable form and in every conceivable channel. Inventory levels will determine whether any company will survive or die. 10 Different Definitions!

Inventory Reduction 86

Inventory Reduction Inventory Management Software Inventory Management Material Savings 86

Supply Chain Opz

JULY 1, 2014

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. Real world example is that a "new boss" ask you to cut cost by 10%, improve service level by 15%, double inventory turns and so on.

Cost Reduction Strategies 214

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 214

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. There is a clear definition of the role of the supply chain in the delivery of value. Definition and alignment on why should make a decision and what a good decision looks like. Drives Value. S&OP is a business process.

S&OP 336

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

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 105

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 105

Unleashed

JUNE 2, 2022

A key challenge of omnichannel that automation can help with is maintaining accurate inventory across multiple channels Omnichannel vs multichannel eCommerce: what’s the difference? For example, with business functions working together to create streamlined and efficient workflows, omnichannel systems improve inventory control.

Omnichannel 97

Omnichannel Inventory Management Software Supply Chain Design Software Analytics Software 97

Supply Chain Shaman

MAY 21, 2024

In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. To manage continuous improvement, companies need a clear definition of excellence and organizational alignment to that goal. Alignment of the programs was an issue.

Procurement Analytics 350

Procurement Analytics Metrics Optimal Sourcing Supply Chain Planning Software 350

Unleashed

JANUARY 19, 2023

Invest in a robust inventory management system with reporting features to ensure the product data in your portfolio is 100% accurate and updated in real-time. Weigh in all factors that could affect future product performance, including seasonality, global crises, political disputes, and a shift in customer demand.

Examples 94

Examples Resource Reduction Inventory Reduction Cost Reduction Strategies 94

Supply Chain Shaman

FEBRUARY 26, 2024

Shown in Figure 1 is the definition of the layers of outside-in planning. They implemented a simple planning technology with an outside-in channel-centric model (Ship to model definition). The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.

Modeling 208

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 208

Supply Chain Shaman

FEBRUARY 16, 2024

Let’s Start With Clear Definitions My inbox is full. The market is flooded with references to AI, but few stop to give a definition. To combat the hype cycle to drive value, I think that we need to get clear on use cases and definitions. Before reading this post, consider reading my prior blog post, Don’t AI This.

Supply Chain Planning Software 390

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 390

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

Supply Chain Shaman

JANUARY 25, 2024

My definition of a network is the bi-directional information exchange of manufacturing, procurement, quality, and transportation signals across multiple tiers of trading partners in a many-to-many trading partner information exchange with minimal latency. Electronic Data Interchange (EDI) does not meet this definition.

Supply Chain Network Software 275

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 275

Supply Chain Shaman

MARCH 21, 2024

We explore the concept of holistic inventory strategies focused on the form and function of inventory. In the process, we learn that only 15-20% of inventories are safety stock and that the current APS frameworks do not enable a holistic analysis of the form and function of inventory. I think that the answer is no.

Inventory Reduction 406

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 406

Unleashed

AUGUST 14, 2023

Different disciplines are required to facilitate efficient production management processes including scheduling, planning, process improvement, production inventory management, and quality control. Maintain par levels of raw materials and inventory stock used to produce your goods. Estimate budgets for parts and labour.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Predictive Analytics Software Modeling Software 52

EMERGE App

DECEMBER 19, 2023

Inventory management is a tough task, especially when you’re starting out. There are lots of inventory management books available which can help you understand basics, but I am here with the list of best books in the market. Best Inventory Management Books of All Time: 1.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

ToolsGroup

FEBRUARY 6, 2018

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. Gartner delved into this issue in a recent report, Build the Capability for Inventory Health Assessment.

Inventory Reduction 159

Inventory Reduction Inventory Material Savings Gartner 159