Unleashed

JUNE 26, 2024

An enterprise resource planning (ERP) inventory system provides an integrated solution for managing inventory, operations, and financial planning. This quick guide dives into the concept of ERP inventory management, outlines the benefits and risks, and provides some best practices for implementing an ERP inventory system.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

GlobalTranz

FEBRUARY 2, 2015

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story. No Purchase Orders were used.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. The focus is on channel data: price; inventory positions; and policies.

Material Savings 186

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 186

Unleashed

FEBRUARY 26, 2024

Warehouse inventory management is a sometimes complicated, always-vital process for managing a company’s physical goods. With the right approach, effective warehouse inventory management will help you increase productivity and profitability while keeping customers loyal and happy. What is warehouse inventory management?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Supply Chain Shaman

OCTOBER 11, 2012

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory? I want to believe.

Inventory Reduction 247

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 247

GlobalTranz

FEBRUARY 16, 2016

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. In this first part, I will focus on 6 places that you can apply to your organization to reduce costs and increase profit. You will reduce overhead costs.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. When an order is confirmed, the items need to be collected from inventory and packaged for shipment.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

ShipBob

MARCH 23, 2022

As a result, you need an optimized retail distribution strategy for better efficiency and cost savings. In this post we’ll give you a closer look at what retail distribution is, how it works, and how you can choose or optimize your retail distribution strategy. There are several types of retail distribution strategies.

Inventory Reduction 52

Inventory Reduction Price Reduction Vendor Strategies Cost Reduction Strategies 52

Taulia

JULY 5, 2021

VMI streamlines inventory management and order fulfillment, benefitting both suppliers and buyers. This article elucidates VMI, starting with a concise definition before discussing the difference between VMI and traditional inventory management. What is Vendor Managed Inventory?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

Logistics Bureau

NOVEMBER 3, 2024

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy In 2014, a survey by Tompkins Consortium delivered a shocking revelation.

Inventory Reduction 69

Inventory Reduction Cost Reduction Strategies Vendor Strategies Supply Chain Design Software 69

Locus

JUNE 23, 2023

So, knowing more about order fulfillment, its importance, process, and strategies is critical. If customers do not receive their orders on time, they won’t buy from that company again. Also, it allows companies to track, refill, and manage their inventory levels. Let’s fill in! What is Order fulfillment?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Vendor Strategies 52

Herlitz Inventory Management

MARCH 24, 2022

Two HIMPACT customers have already rented extra warehouse space just to store forward bought inventory. If ever there was a time to take advantage of forward buying, this is it! Knowing that forward buying is important is only step one. To do so effectively, you need to first understand how much extra to buy.

Pricing Training 52

Pricing Training Eliminating Excel in Purchasing Purchasing Training Vendor Strategies 52

QAD

APRIL 7, 2022

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. That may still sound simple, but corporate purchasing, regardless of the commodities the buyer is responsible for, is anything but simple.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 98

Precoro

OCTOBER 6, 2022

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?

Manufacturing Procurement 79

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 79

Supply Chain Shaman

SEPTEMBER 10, 2023

Craft and execute strategies? This was before the split of Kraft into Mondelēz and Heinz, at the beginning of the implementation of Kraft’s global supply chain strategy. (He I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. What defines supply chain excellence?

Supply Chain Planning Software 259

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 259

Logility

APRIL 23, 2013

Seco Tools manufactures cutting tools made of steel, tungsten carbide and cobalt. Historically, customers held their own inventory. This became an expensive proposition for the industry, which gave way to placing the responsibility (and cost) back on the manufacturer to hold inventory and deliver it when needed.

Inventory Reduction 100

Inventory Reduction Vendor Strategies Expense Reduction Cost Reduction Strategies 100

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 Viewpoints

MARCH 9, 2023

The classical approach involves functional silos, sequential decisions, and Excel and people to render a plan executable. CPG companies that utilize an autonomous supply chain technology see a reduction in their inventory and cost and an increase in revenue.

Supply Chain Planning Software 228

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 228

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. What different products or services does the staff need to purchase in order to produce pizza? What is Direct Procurement?

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Logistics Bureau

OCTOBER 10, 2022

Too much inventory in your distribution network? Inventory costs too high? These are all pervasive issues for supply chain operators worldwide—and are classic symptoms of suboptimal inventory performance. But what exactly does inventory optimisation mean, and what obstacles must first be broken down to achieve it?

Modeling 97

Modeling Inventory Reduction Network Optimization Supply Chain Optimization 97

ToolsGroup

SEPTEMBER 22, 2021

Over time, I’ve been fortunate to work in groups where both men and women were well represented, and I’ve had excellent leaders who championed my career by giving me the freedom to chart my own path. We’re also working on creative solutions to cut lead-time and bridge shortfalls with suppliers.

Supply Chain Planning Software 177

Supply Chain Planning Software Gartner Supply Chain Software Agile and Lean Supply Chain 177

Unleashed

MARCH 7, 2022

PAR levels are used widely in industries that handle perishable items – such as hospitality and pharmaceuticals – to calculate the level of inventory needed for a given item so businesses don’t run out before their next delivery. The PAR level determines the optimum amount of inventory stock needed on hand after each order delivery.

Inventory Management Software 98

Inventory Management Software Inventory Reduction Inventory Management Examples 98

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

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Procurement planning functionality (essentially the planning of future purchase orders) is typically a subset of broader supply planning applications that plan manufacturing work orders, inventory levels, shipments, as well as purchase orders, to meet demand.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

Precoro

OCTOBER 24, 2022

Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Purchase requisitions and orders, receipts, invoices, and other documents must each contain specific information, often legally binding. Low-Quality Documentation.

Procurement Solutions 80

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 80

RFgen

JUNE 8, 2023

Key Takeaways: Inventory management software with built-in automation has been found to increase accuracy and profits. There is no one-size-fits-all solution for inventory management software—it’s about the best product for your business objectives and industry. And with the average on-hand inventory quantities up 8.3%

Inventory Management Software 57

Inventory Management Software Supply Chain Planning Software Optimization Software Demand Planning Software 57

Logistics Viewpoints

DECEMBER 12, 2022

At Dow, Mr. Baker had Purchasing experience in raw materials, and logistics for their plastics supply chain. S&OP is the key process in effectively balancing supply – what can be made – with demand – what customers want to buy. After looking at several vendors, Palo Alto “found that Anaplan was the best fit for us.”.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 223

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

ThroughPut

JUNE 16, 2024

Retailers often need help with inefficiencies, stockouts, and overstocking due to a lack of real-time data and insights into their inventory processes. What are the Challenges of Inventory Delivery Management in Retail? However, achieving this requires robust inventory management systems and technologies.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Supply Chain Software 52

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

ToolsGroup

JULY 6, 2021

I suggested a POC as a way to “try before you buy” and mitigate the risks of choosing a supply chain planning solution that doesn’t fit your organization or live up to its marketing materials. The truth is, with a major software selection, both the customer and the vendor are deeply invested in the process.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Procurement Solutions Modeling Software 156

Unleashed

AUGUST 29, 2023

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates tedious manual tasks that can be prone to human error, improving the accuracy of a company’s recorded inventory levels and reducing inventory carrying costs.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Supply Chain Design Software 52

6 River Systems

JUNE 10, 2019

However, even with a growing number of innovative technologies at your fingertips, your success still depends on your strategy. “When developing your supply chain strategy…” You should be thinking about preventing unauthorized sellers and MAP pricing violators from day one. Brown @TheMichaelBrown Michael D.

Sourcing Strategies 88

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 88

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Centralized information eliminates data silos and strengthens information sharing through real-time communication (instead of point-to-point data transmission). All entities throughout the supply chain – such as vendors, suppliers, partners, and end consumers – can access relevant, accurate and up-to-date information.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Precoro

JULY 29, 2024

However, with numerous e-procurement software vendors available, choosing the right tool can be overwhelming. An online procurement system, also known as e-procurement software, is a digital platform designed to streamline and automate the buying process within an organization. Let’s break them down.

Procurement Solutions 82

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 82

Logistics Bureau

MAY 31, 2021

If yours is one of those businesses shifting from traditional to online retail, you’ve probably faced some of the logistical challenges arising from the need to deliver your customers’ purchases to them. Additional network complexity: It can be troublesome to juggle inventories for conventional and digital retail sales channels.

Cost Reduction Strategies 98

Cost Reduction Strategies Omnichannel Expense Reduction Inventory Reduction 98