The Smart Software

SEPTEMBER 5, 2023

Forecasting inventory requirements is a specialized variant of forecasting that focuses on the high end of the range of possible future demand. Traditional methods often rely on bell-shaped demand curves, but this isn't always accurate. The post How to forecast inventory requirements appeared first on Smart Software.

Forecasting 105

Forecasting Forecasting Software Inventory How To 105

SCMDOJO

MAY 30, 2024

From the warehouse manager overseeing inventory to the transportation coordinator organizing routes, each member of the logistics department plays a crucial role in getting products from point A to point B. This includes optimizing storage space, implementing proper inventory control systems, and ensuring the safety and security of goods.

Optimal Sourcing 98

Optimal Sourcing Pricing Training Logistics Network Optimization Software Inventory Reduction 98

ToolsGroup

OCTOBER 7, 2020

ToolsGroup supply chain planning software enables Melitta Sales Europe to centralize demand planning and improve S&OP and promotions management. The different locations had been primarily using a self-developed solution for demand planning. Demand planning and S&OP solution.

ToolsGroup 156

ToolsGroup Modeling Supply and Demand Supply Chain Planning Software 156

SCMDOJO

FEBRUARY 20, 2023

It involves various activities, such as warehousing, inventory management, transportation, and logistics. Effective Distribution Operations require careful planning, coordination, and execution to ensure that products reach their intended destinations in a timely and cost-effectively.

Inventory Reduction 119

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 119

The Smart Software

MAY 20, 2024

In this blog, we will discuss today's fast-paced and unpredictable market and the constant challenges businesses face in managing their inventory and service levels efficiently. The post Overcoming Uncertainty with Service and Inventory Optimization Technology appeared first on Smart Software.

Optimization Software 59

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

The Smart Software

FEBRUARY 20, 2024

Our customers have usually settled into one way to manage their service parts inventory. The professor in me would like to think that the chosen inventory policy was a reasoned choice among considered alternatives, but more likely it just sort of happened. Maybe the inventory honcho from long ago had a favorite and that choice stuck.

Policies 101

Policies Inventory Supply Chain Planning Software Demand Planning Software 101

DELMIA Quintiq

DECEMBER 23, 2014

Tip 4: Create single demand forecasts that cover multiple channels. To improve demand planning and forecasting, managers must look towards improving collaboration internally. Learn what it takes to become a demand forecasting expert. Tip 5: Close the inventory gap between model and reality.

Modeling 299

Modeling Supply Chain Planning Software Inventory Reduction Scenario Planning 299

The Smart Software

MAY 20, 2024

This video blog holds essential insights for those working with the complexities of inventory management. The session focuses on striking the right balance within the inventory tradeoff curve, inviting viewers to understand the deep-seated importance of this equilibrium.

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Inventory Inventory Management Software Video Supply Chain Planning Software 52

The Smart Software

JULY 31, 2023

Often companies will insist that they “don't use forecasts” to plan inventory. They often use reorder point methods and are struggling to improve on-time delivery, inventory turns, and other KPIs. The post Everybody forecasts to drive inventory planning.

Forecasting 98

Forecasting Forecasting Software Supply Chain Planning Software Inventory 98

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Inventory Turnover (Cash). Procurement Cost.

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

ToolsGroup

NOVEMBER 2, 2020

With over 6,700 SKUs across various brands and locations, the team needed to modernize its sales and operations planning (S&OP) process with new technology. The proprietary method that MSE had been using for demand planning was proving inadequate in the face of SKU proliferation and frequent product promotions.

Forecasting 287

Forecasting Forecasting Software Optimal Sourcing S&OP 287

SCMDOJO

MAY 30, 2024

From the warehouse manager overseeing inventory to the transportation coordinator organizing routes, each member of the logistics department plays a crucial role in getting products from point A to point B. This includes optimizing storage space, implementing proper inventory control systems, and ensuring the safety and security of goods.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 52

The Smart Software

NOVEMBER 27, 2023

Watch as the calculations, intricately guided by planners utilizing our software, seamlessly converge into Smart Operational Analytics (SOA) reports, dividing five key areas: inventory analysis, inventory performance, inventory trending, supplier performance, and demand anomalies.

Analytics Software 52

Analytics Software Analytics Inventory Report 52

Unleashed

DECEMBER 11, 2022

For example, the warehouse KPI ‘Receiving accuracy’ can determine if your receiving process is as accurate as you need it to be. This KPI helps you understand the efficiency and accuracy of your demand planning and forecasting processes. High inventory turnover rates indicate strong sales or insufficient stock on hand.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

Supply Chain Movement

MAY 19, 2016

As senior vice president operations, I am the business owner of all operations from demand planning to execution, procurement to manufacturing. We have taken out costs big time by implementing an end-to end KPI dashboard and we remain very cost sensitive. We completely changed our demand planning processes.

Supply and Demand 60

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 60

The Smart Software

JUNE 10, 2024

In this blog, we explore how leveraging Epicor Kinetic Planning BOMs with Smart IP&O can transform your approach to forecasting in a highly configurable manufacturing environment.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Supply and Demand 52

The Smart Software

MAY 23, 2019

The post Quantum Inventory Theory? Among the oddities are “superposition”, “entanglement”, and “quantum foam.” Weird as these phenomena are, I cannot help seeing analogs in the supposedly different world of supply chain management. appeared first on Smart Software.

Inventory 92

Inventory Supply Chain Planning Software Supply Chain Software Modeling Software 92

ToolsGroup

MAY 4, 2020

BOSTON (May 5, 2020) ToolsGroup, a global leader in supply chain planning software, today announced a new online COVID-19 Supply Chain Action Center and resources to help companies quickly respond to Coronavirus risks and speed supply chain recovery. We truly have best-in-class demand planning teams, processes and tools.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120

Logility

APRIL 2, 2020

Lastly, develop Key Performance Indicators (KPIs) around those measures. A good KPI will be measurable against some benchmark or criteria. It’s relatively easy to identify a large number of KPIs to monitor – but it can be a lot harder to capture the data you’ll need. Featured Download. First Name * Last Name * Email *.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Improved Customer Satisfaction A structured department is better equipped to handle customer demands. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

BlueYonder

APRIL 9, 2024

This includes demand planning, volume assessments at a granular level, knowing where best to source from to meet omni-channel demand, where to then position inventory based on known demand and where customers are located, and, of course, how best to then fulfill orders and to optimize the last mile.

Optimal Sourcing 109

Optimal Sourcing Sustainability Material Savings Waste Reduction 109

The Smart Software

JANUARY 13, 2022

Please join our webinar and learn how to plan optimal inventory levels and purchase quantities for thousands of items when demand is intermittent, constantly changing, or affected by unexpected events. The post January 2022: Maximize service levels and minimize inventory costs appeared first on Smart Software.

Purchasing Skills 52

Purchasing Skills Inventory Modeling Optimization Software 52

The Smart Software

DECEMBER 17, 2020

Please join our webinar at Dynamics Communities, featuring Greg Hartunian, CEO of Smart Software, who will identify the main problems of inventory planning processes and show in a live Demo how to solve them. The post Dynamics DAC Webinar: Inventory Planning Processes. appeared first on Smart Software.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Supply Chain Planning Scenario Planning 52

The Smart Software

DECEMBER 18, 2020

The post Webinar: Maximize Revenue and Minimize Inventory Costs appeared first on Smart Software. Please join our webinar featuring Greg Hartunian, CEO of Smart Software, who will explain how optimization works and how it compares to traditional approaches that pick an arbitrary service level target. .

Inventory 59

Inventory Optimization Software Modeling Modeling Software 59

Logility

SEPTEMBER 5, 2013

He started by building a KPI set that combined basic data from their transaction systems with demand and supply chain planning data from Logility. He utilized the built-in KPI’s and set up his own meaningful and business-specific metrics to drive a proactive S&OP business process. Get the Basics Right.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software KPI Supply Chain Software 100

Logility

SEPTEMBER 5, 2013

He started by building a KPI set that combined basic data from their transaction systems with demand and supply chain planning data from Logility. He utilized the built-in KPI’s and set up his own meaningful and business-specific metrics to drive a proactive S&OP business process. Get the Basics Right.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software KPI Supply Chain Software 100

BlueYonder

MARCH 25, 2022

Simply put you can’t manage what you can’t see and with the current environment not only do supply chains professionals need to see aspects like inventory and orders but also disruptions to predict their impact on the supply chain and be in a position to take mitigating actions. .

Modeling 97

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Strategy 97

The Smart Software

FEBRUARY 3, 2021

Epicor User Group Webinar: Top 3 Inventory Control Policies. SVP Research and Professor Emeritus at Rensselaer Polytechnic Institute, defines and compares the three most used inventory control policies. The post February 2021: Learn about the Top 3 Inventory Control Policies appeared first on Smart Software. Willemain, Ph.D.,

Policies 52

Policies Inventory Modeling Software Supply Chain Planning Software 52

The Smart Software

APRIL 11, 2019

An inventory professional who is responsible for 10,000 items has 10,000 things to stress over every day. The post Stop Leaking Money with Manual Inventory Controls appeared first on Smart Software. Double that for someone responsible for 20,000 items.

Inventory 80

Inventory Modeling Software Supply Chain Planning Software Forecasting Software 80

Bristlecone

JULY 31, 2020

RETHINKING DEMAND PLANNING FOR THE FUTURE. The demand pattern volatility we’ve seen since the onset of the COVID-19 crisis have made traditional statistical forecasting models obsolete. Learn how one hi-tech manufacturer is using this powerful tool to solve excess inventory problems. Read Press Release. Read Case Study.

Supply Chain Software 52

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

Demand Solutions

OCTOBER 10, 2014

Start Crawling Forward with Good Demand Planning. When it came to demand, some started with no system in place, simply reacting to whatever orders came in. You need to start predicting the future with a good demand planning system. It can also help you minimize your inventory—and with it, your overhead costs.

Supply and Demand 124

Supply and Demand S&OP Supply Chain Planning Software Forecasting 124

Elementum

MAY 23, 2019

There were multiple sessions in the agenda on this topic, but the one that I found to have the most insightful information was the S&OE case study presented by Marko Pukkila, Gartner Vice President, and Aaron Baker, Director of Operations Inventory Management at Levi Strauss & Co. Inventory Available !=

Supply Chain Design Software 60

Supply Chain Design Software Gartner Supply Chain Design S&OP 60

SCMDOJO

JANUARY 17, 2024

Planning roles include: A supply chain planner analyzes performance and improves processes. A demand planner estimates the future demand for given products. (Do Do check out our Demand Planning Ultimate Guide ) A production planner ensures the required manufacturing output meets the demand.

Purchasing Skills 98

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 98

Unleashed

APRIL 9, 2024

OTIF is an important KPI because it directly impacts customer satisfaction and trust in supply chain partnerships. Unlike OTIF or OTD, your fill rate represents the percentage of customer demand that is met from your on-hand stock, without backorders or lost sales. Vendor performance OTIF can be used to assess vendor performance.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Supply Chain Shaman

FEBRUARY 12, 2017

Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance of BMS and Merck at the Intersection of Inventory Turns and Operating Margin. Orbit Chart for Novo Nordisk at the Intersection of Operating Margin and Inventory Turns for the period of 2006-2015. Opportunities?

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150

The Smart Software

MARCH 11, 2024

In this video blog, we explore the critical roles of Descriptive, Predictive, and Prescriptive Analytics in inventory management, highlighting their essential contributions to driving supply chain optimization through strategic foresight and insightful data analysis.

Prescriptive Analytics Software 105

Prescriptive Analytics Software Predictive Analytics Analytics Software Analytics 105

The Smart Software

OCTOBER 2, 2023

Dealing with the day-to-day of inventory management can keep you busy. For that, your inventory software should show you metrics – and not just one, but a full set of metrics or KPI’s – Key Performance Indicators. KPI’s and KPP’s appeared first on Smart Software. The post How Are We Doing?

Inventory Management Software 105

Inventory Management Software Metrics Supply Chain Planning Software Forecasting Software 105