SCMDOJO

AUGUST 4, 2023

If so, then it’s time to consider the numerous benefits of reducing inventory. In this article, we’ll explore seven compelling reasons why you should reduce inventory and how it can be a game-changer for your business. In some cases, inventory levels can see an increase to save costs, increase profit, and more.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 98

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Changing Landscape of Supply Chain Executives Traditionally, supply chain executives excelled in managing functions like transportation, warehousing, inventory, and production planning but supply chain process extends beyond the firm, involving global relationships with suppliers and customers.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

Logistics Viewpoints

DECEMBER 2, 2021

import volumes still climbing (see Figure 1), limited processing capacity at key West Coast ports and the International Longshore and Warehouse Union (ILWU) contract expiring next summer, importers will be scrambling to maintain the inventory they need to support the demand increase.

Predictive Analytics Software 333

Predictive Analytics Software Predictive Analytics Waste Reduction Cost Reduction Strategies 333

Supply Chain Game Changer

SEPTEMBER 30, 2022

Are you thinking of streamlining your warehouse operations to increase efficiency and productivity? If so, worry no more as this guide gives practical insights on selecting the right pallet racking , which is critical to optimizing your warehouse efficiency. It may seem reasonable to purchase a racking system in the lower price range.

Optimization Software 110

Optimization Software Warehousing Supply Chain Optimization Price Mitigation Strategies 110

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

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. In this guide: What is raw material inventory management? It is a part of the bill of materials for the finished goods.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Supply Chain Shaman

SEPTEMBER 27, 2021

Warehouses are full–often with the wrong stuff resulting in the slowing of the forty million shipping containers around the world. Linkedin Comment Donald Cavin Data Warehousing Consultant at Ohio State University Comprehensive Cancer Center-James Cancer Hospital & Solove Research Institute. The list goes on and on.

Supply Chain Planning Software 336

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 336

SCMDOJO

DECEMBER 14, 2023

But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s uncover the mystery behind the role of sourcing agencies and see how they make the job of buying things much simpler. They play a big role in making sure the whole process of buying things goes smoothly from start to finish.

Purchasing Skills 104

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 104

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. Strategies for Preventing Excess Stock. Excess inventory is the stock remaining on shelves or in warehouses after customer demand for an item has been filled. What Causes Excess Inventory.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

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

SCMDOJO

NOVEMBER 24, 2023

A warehouse management system for e-commerce makes managing a giant warehouse 24/7 no easy task. This article will walk you through the basic understanding of the warehouse management system (WMS), its features, how and where it fits with the supply chain, and different WMS systems.

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Inventory Management Software Optimization Software 96

The Logistics & Supply Chain Management Society

MAY 28, 2022

Companies need to re-evaluate their supply chain strategies, if they are still most optimal. These e-fulfillment centres should also be heavy on solar power generation to meet the energy needs of both the facility as well as electric vehicles used in warehouse operations as well as for deliveries.

Innovation 244

Innovation Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Software 244

Logistics Viewpoints

JUNE 8, 2023

To remain competitive, retailers and carriers must excel in the crucial last-mile delivery stage. Sustainability: Reduce the carbon emissions impact of last-mile operations by adopting green fleets and implementing emissions reporting. And what are the comparative costs of building versus buying?

Modeling Software 229

Modeling Software Optimization Software Supply Chain Network Software Logistics Network Optimization Software 229

Oracle SCM

JULY 12, 2017

The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

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

The Logistics & Supply Chain Management Society

SEPTEMBER 21, 2022

Parallelly, expectations around the overall purchasing experience have also grown steeper. Over time, this adds to substantial savings on costs, fuel and maintenance, and lower carbon emissions from operations. In the case of manufacturers, it means procuring raw materials that are responsibly sourced from the environment.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing Optimization Software 130

Unleashed

NOVEMBER 28, 2022

An optimised inventory replenishment strategy ensures items are reordered from suppliers in time to meet demand, while preventing overstocking of products, raw materials, and parts. Inventory replenishment is the process of purchasing the goods, components, and raw materials needed to build and sell products.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 98

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

6 River Systems

DECEMBER 5, 2019

The efficiency of order fulfillment from warehouses has become an important focus in logistics management as customers demand quicker deliveries. Warehouse order picking is an important factor in efficient order fulfillment. ” – Shawn Lynch , How to Improve Order Picking Your Warehouse , FlexQube; Twitter: @FlexQube 2.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 52

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

Supply Chain Opz

JANUARY 3, 2022

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. He has an MBA from UCLA.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Optimal Sourcing Six Sigma Supply Chain Planning Software 130

6 River Systems

DECEMBER 11, 2018

Seeing this, we decided that it would be helpful to compile a curated list of 50 of the best tips on logistics planning and strategy that we could find. Logistics strategies for streamlined fulfillment. Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

ShipBob

AUGUST 11, 2023

When it comes to supply chains and logistics management, warehousing is a crucial aspect of the operation. Most people think of a warehouse as simply a large commercial space with products scattered throughout. Factors such as capacity, costs, and location are just the tip of the iceberg when it comes to choosing the right warehouse.

Warehousing 52

Warehousing Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 52

SCMDOJO

APRIL 24, 2024

One interesting fact is that companies that adopt digital transformation and supply chain innovation can expect operational cost savings of up to 30%, according to a recent McKinsey study. As a result, it can help logistics companies to optimize inventory levels, reduce waste, and minimize the dreaded stockouts. billion by 2026.

Optimal Sourcing 90

Optimal Sourcing Agile and Lean Supply Chain Waste Reduction Material Savings 90

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Manufacturers can gather valuable granular data such as the time an item spent in storage, at what temperature, how long it took to sell, the length of time between purchase and fulfillment and how long it spent in transport. Robotics enabled with AI and ML augment the work of humans in warehouses and distribution centers.

Supply Chain Planning Software 298

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

Logistics Bureau

APRIL 3, 2023

If you’re a decision-maker with accountability for your organisation’s entire supply chain, and you’re just starting to think about outsourcing, perhaps to reduce costs or improve service, this post should prove well worth the few minutes it will take you to read it. What Can You Outsource, and What Should You Outsource?

Optimal Sourcing 75

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 75

ThroughPut

MAY 16, 2024

In the context of supply chains particularly, agility is what can save the day in the midst of all those challenges. Note that supply chain optimization goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. Both can be perilous for businesses.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Modeling 52

ShipBob

NOVEMBER 15, 2021

Like any strategy or contingency plan, it helps protect your business from unanticipated challenges. Reduce supply chain costs. Logistics planning helps reduce silly or unnecessary expenditures that eat into your profits. If you outsource logistics, the right 3PL will also drive savings for your supply chain.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Supply Chain Design Software 98

AIMMS

OCTOBER 22, 2019

The other part of my role is supporting the inventory management functions within BT Group, driving decision-making around what we buy, when we buy, and where from. We have used AIMMS to address questions on depot strategy, for instance. You have to do loads of hard work before seeing any material results.

Supply Chain Design Software 240

Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software AIMMS 240

Logility

AUGUST 24, 2023

With production planning, you can not only create a capacity plan for your production facilities, but also make a warehouse plan that dictates how you should be transferring and storing products to meet demand signals at each distribution center. All of the information in your master production schedule will be based on constraints.

Supply Chain Planning Software 146

Supply Chain Planning Software Supply Chain Design Software Demand Planning Software Forecasting Software 146

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. each with discrete plans generated typically in sequential batch runs.

Supply Chain Planning Software 228

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 228

Logility

MAY 25, 2023

It’s no longer a luxury but a necessity, a critical cog in the wheel of successful supply chain management and warehousing. Defining Inventory Control Inventory control, often interchangeably used with inventory management, is a systematic approach to sourcing, storing, and selling inventory—both raw materials and finished goods.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Inventory Optimal Sourcing 130

6 River Systems

DECEMBER 13, 2019

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

Arkieva

JANUARY 6, 2017

Over the past year, the Arkieva Supply Chain Link Blog provided thought leadership and informative posts on supply chain strategy tips, trends, and news. Just in case you missed some of our supply chain strategy posts , we’ve compiled a list of our popular supply chain posts from 2016 below (ranked based on shares and views).

Inventory Reduction 84

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 84

Supply Chain Shaman

JUNE 29, 2022

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. Supply chain excellence happens when leaders manage complex non-linear flows.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

Arkieva

NOVEMBER 2, 2016

If you are a warehouse manager, you would know that handling warehouse operations is not an easy task. It is important to constantly implement ways to optimize the processes and improve the operational effectiveness of the warehouse. Here are 10 effective warehouse productivity tips to help you reduce downtime right away.

Vendor Strategies 60

Vendor Strategies Inventory Reduction Waste Reduction Material Savings 60

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