GlobalTranz

JANUARY 8, 2015

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

Inventory Reduction 120

Inventory Reduction Agile and Lean Supply Chain Lean Waste Reduction 120

Supply Chain Opz

APRIL 15, 2015

What inventory book can help you to cut inventory costs? In this article, we will show you 10 best inventory book that readers at all levels can learn from. Inventory Management Overview Many people think inventory management is a clerical task but they're absolutely wrong.

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Material Savings Inventory 100

ToolsGroup

JUNE 11, 2020

Using the data from the digital twin, SKF’s deployment of ToolsGroup’s Service Optimizer 99+ planning software automatically calculates each item’s external demand forecast and factors in lead times and actual stock levels throughout the supply network. How much inventory do we hold of that item in all our locations?

Gartner 248

Gartner Supply Chain Planning Software Supply Chain Software Optimization Software 248

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 206

Forecasting Forecasting Software Modeling Optimal Sourcing 206

Logistics Viewpoints

JUNE 7, 2021

When companies implement a demand management or replenishment system, the goal is usually to improve customer satisfaction while holding less inventory. For example, a warehouse might have a big propane tank they use with forklifts that run on propane. Pinnacle Propane Delivery to a Farm.

Forecasting 178

Forecasting Forecasting Software Modeling Optimal Sourcing 178

Logistics Viewpoints

SEPTEMBER 13, 2023

Elenjickal made the point that every year, there are 9 billion hours of wasted time for truck drivers due to planning inefficiencies, especially when it comes to loads not being ready, not being able to be unloaded, or congestion around ports and warehouses. As a result, FourKites has moved from a single product company to a platform company.

Real-time Visibility 277

Real-time Visibility Supply Chain Planning Software Waste Reduction Supply Chain Network Software 277

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. In the period of 2010-2018, within the chemical industry, margins fluctuated, largely driven by the price of crude, but inventory turns plummeted.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

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. Tracking issues.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Management Software Inventory Management Inventory Reduction 105

Supply Chain Shaman

JANUARY 2, 2023

While retailers use the forecast for inventory management and assortment planning, a manufacturer uses the forecast not only to manage inventory but also to align manufacturing capacities to manage constraints. Water buffalo butting heads symbolize the organizational issues of demand planning.

Supply and Demand 373

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 373

ToolsGroup

DECEMBER 16, 2021

Intelligent demand management software is the key technology enabler of lean retail merchandise management. Finding ways to limit the handling of merchandise, including using cross-dock techniques in warehouses and “door-to-floor” methods in stores, where the merchandise gets where it is needed without ever sitting in storage.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

The Network Effect

JUNE 19, 2015

Today’s highly complex global supply chains truly require a single version of the truth providing full order and inventory visibility. In most cases best of breed “plug in” demand management or logistics applications are required to extend order visibility into both warehousing and transportation activities.

Real-time Visibility 100

Real-time Visibility Supply Chain Network Software Optimization Software Supply Chain Optimization 100

The Network Effect

JULY 10, 2015

Some research indicates a 6% forecast improvement could improve the perfect order by 10% and deliver a 10-15% reduction in unnecessary inventory. Layering a demand sensing capability onto the overall demand management process will generate significant improvements to a company’s core KPI’s.

Supply and Demand 100

Supply and Demand Inventory Reduction Forecasting Cost Reduction Strategies 100

Vinculum

JUNE 3, 2020

Inventory management plays a vital role in building a sustainable, scalable and profitable eCommerce business. No matter how expert you are, how bigger or smaller your business may be, what products you sell, or who do you serve, lack in your inventory management can bring bigger challenges in your business success.

Inventory Management Software 59

Inventory Management Software Forecasting Software Supply Chain Planning Software Demand Planning Software 59

Supply Chain Game Changer

NOVEMBER 22, 2018

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

Inventory Reduction 68

Inventory Reduction Agile and Lean Supply Chain Lean Waste Reduction 68

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.

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 Opz

JUNE 1, 2014

Jobs believed that Apple'' supply chain was too complex then both of them reduced the number of product availability and created 4 products segment, reduced on hand inventory and moved the assembling activities to Asia so they could focus on developing the breathtaking products that people wanted to buy.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Intelligent Audit

JULY 27, 2021

Supply and demand are two sides of the same coin, the vital coin of inventory management supply chain analytics. Without adequate inventory and supply to go along with capacity and demand, supply chain management will struggle to keep pace during peak seasons.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction Strategies Sourcing Strategies 52

Logistics Bureau

JANUARY 1, 2025

ABC Analysis: A form of Pareto analysis applied to a group of products to enable selective inventory management controls. The inventory value for each item is obtained by multiplying the annual demand by unit cost and the entire inventory is then ranked in descending order of cost.

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 74

Ware2Go

FEBRUARY 24, 2022

That means most SMB’s are working with limited data and analytics on the supply chain side, and often inventory management and demand management are based on educated guesses and rarely tied to sales data or demand patterns. Slow Inventory Turns. They’re selling, but slowly.

Inventory Management Software 98

Inventory Management Software Supply Chain Planning Software Demand Planning Software Analytics Software 98

ShipBob

OCTOBER 24, 2022

You never really know how it will all turn out, yet you need to be able to answer questions like these: How many units of inventory do you need to have on hand to be at full stock for each SKU? How often do you project to replenish inventory ? Maybe you only have a slight understanding of demand for your products.

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

Logistics Viewpoints

MAY 19, 2021

Asian Paints has 8 factories and 143 company warehouses, which directly ship paint to hardware stores. Mr. Lade pointed out that Asian paints needs a strong demand and Sales & Operations Planning (S&OP) process because they are not operating through a large distributor.

Supply Chain Planning Software 197

Supply Chain Planning Software Modeling Supply Chain Planning Supply Chain Software 197

Logistics Viewpoints

MAY 17, 2021

The inventory that needs to be held for an e-tailer is based on the forecast. Based on the retailer’s forecast, inventory needs to be held to meet the expected sales. CommerceIQ also can detect when competitor’s raise the price of an item, which can cause their demand to soar. But the forecast can be very wrong.

Demand Planning Software 173

Demand Planning Software Modeling Supply and Demand Forecasting 173

The Network Effect

OCTOBER 30, 2015

This in-transit inventory can be tracked as being held in a ‘moving warehouse’ and is used to plan customer order fulfilment, enabling deliveries to be planned with the customer. This streamlined approach increases visibility, enabling an improved delivery management service to the customer.

Supply Chain Network Software 100

Supply Chain Network Software Supply Chain Planning Software Network Optimization Demand Planning Software 100

Demand Solutions

NOVEMBER 13, 2013

Early in my career, I was head of inventory control for a large retail operation that ran as a co-op. And buy we did: Within a couple months, our warehouses were bulging. Bill Harrison , President of Demand Management, Inc., I know the feeling. And my message is this: Don’t give up.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Optimization 100

SCMDOJO

JUNE 21, 2023

SCaaS will guide companies to achieve strategic value by improving Manufacturing as a Service, Fulfillment as a Service, and Warehousing as a Service. Supply Chain as a Service (SCaaS) is a new approach to managing the complex process of getting products from manufacturers to consumers. In a study conducted by Nicholson et al.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 98

Arkieva

MAY 12, 2020

Arguably the two most important core components of managing the supply chain or demand-supply network are demand management (DM) and Central Planning (CP). Demand Management’s Partner in Crime – Central Planning was first posted on May 12, 2020 at 8:05 am.

Supply Chain Planning Software 127

Supply Chain Planning Software Supply Chain Planning Supply and Demand Demand Planning Software 127

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Supply chain management is increasingly making an impact on the overall functioning of the business and influencing C-suite decisions. Finance managers.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 98

SYSPRO Smarter ERP

APRIL 22, 2024

You lack visibility into your finances Inventory management is challenging and you either find yourself running out of material or overstocking your supplies, tying up cash. Does this sound familiar: “How can we have so much inventory in the warehouse and yet we never have the right materials for production?”

Manufacturing Procurement 105

Manufacturing Procurement Procurement Solutions Supply Chain Planning Software Optimization Software 105

RFgen

DECEMBER 5, 2024

Running a warehouse these days feels like a constant juggling act, right? Keeping up with customer demands, managing inventory, and making sure everything runs smoothly — it’s a lot to handle. Mobile ERP software is transforming warehouses just like yours. There’s a better way.

Inventory Management Software 77

Inventory Management Software Supply Chain Design Software Optimization Software Supply Chain Planning Software 77

AFFLINK

NOVEMBER 29, 2018

Grocery stores and big box stores are faced with the need to constantly evolve to meet growing consumer demand for near instant and effortless fulfillment. Due to this increase in demand, managing inventory can be a challenge, but consumer interest in these services makes it a necessity. We Want It Now! Learn the market.

Inventory Reduction 54

Inventory Reduction Inventory Modeling Price Reduction 54

Veridian Solutions

FEBRUARY 11, 2019

Understanding more about the needs and wants of customers can help supply chain leaders make informed decisions, improve inventory management, and increase profitability. In recent months, conversations about how to improve forecasting in the supply chain have focused on a subject: demand sensing.

Supply and Demand 74

Supply and Demand Modeling Supply Chain Execution Demand Planning Software 74

Supply Chain Shaman

AUGUST 26, 2015

” Today, I know of less than twenty-five companies that actively sense demand, and while we talk about the use of channel data and the building of demand sensing processes to use channel data, it is still an elite group of supply chain leaders that are perfecting the techniques. And, what will signal an upturn?”

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Supply Chain Game Changer

NOVEMBER 13, 2018

When I began my career there was no such thing as “Supply Chain Management” Supply Chain was not a title to be found anywhere on any organization chart. So what exactly is the definition of “Supply Chain Management”? Interestingly there are many views on how to define Supply Chain. Source: [link] ).

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

BlueYonder

DECEMBER 2, 2013

Yes, for those of us who have a heritage in demand management, we are used to being called “demanding.” Consensus Building – Whether in sales, marketing, finance or inventory, stakeholders across the organization have knowledge that will affect a sales forecast. Analytics Big Data Supply Chain Demand 360 demand planner'

Demand Planning Software 69

Demand Planning Software Supply and Demand Supply Chain Planning Software Forecasting Software 69

ShipBob

AUGUST 16, 2021

During this time, supply chain efficiencies can get disrupted as online brands try to keep up with demand, managing inventory and fulfilling a high volume of orders, while shipping carriers become busier than usual, working hard to deliver packages on time. Common peak shipping season challenges. Inexperienced 3PLs.

Shipping 98

Shipping Inventory Reduction Material Savings Supply Chain Planning Software 98