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 92

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 92

Precoro

DECEMBER 24, 2024

Read on to explore key AI use cases in procurement, the challenges businesses face, strategies to overcome them, and the exciting opportunities AI brings for the future. This gives them advance warning so they can adjust their purchasing strategies. Here are the topics we’ll cover at a glance : What is AI in procurement?

Price Reduction 91

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 91

Precoro

NOVEMBER 11, 2024

These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. The procurement department works with inventory and logistics teams to ensure that everything ends up in the right place without delays or discrepancies. The result?

Pricing Training 93

Pricing Training Expense Reduction Price Reduction Purchasing Training 93

GlobalTranz

FEBRUARY 25, 2021

How often do you think about your retail reverse logistics strategy? Instead of being relegated to the margins, executives must rethink their strategy and consider how a data-driven reverse supply chain can add more value and improve profit margins. The Benefits of a Data-Driven Retail Reverse Logistics Strategy.

Reverse Logistics 253

Reverse Logistics Expense Reduction Inventory Reduction Supply Chain Strategy 253

Logistics Viewpoints

FEBRUARY 20, 2024

That strategy can lead to thousands of scenarios, and still no number of scenarios will answer all questions. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. While this sourcing strategy is the most cost-effective one, the business might not want to operate like that.

Sourcing Strategies 290

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 290

RFgen

DECEMBER 19, 2024

By maximizing space utilization, improving inventory control , and boosting workflow efficiency, you can unlock significant cost savings and elevate your customer service game. In this comprehensive guide, we’ll explore the key elements of warehouse optimization and provide actionable strategies you can implement today.

Optimal Sourcing 95

Optimal Sourcing Optimization Software Waste Reduction Inventory Reduction 95

GlobalTranz

JANUARY 16, 2019

But, with a well-planned strategy, you too can reduce expenses in your workplace. Protect Inventory You can’t function as a business without a well-stocked inventory. Still, some losses are a predictable expense and you can’t entirely eliminate them. It’s as difficult as it sounds.

Cost Reduction Strategies 226

Cost Reduction Strategies Expense Reduction Waste Reduction Vendor Strategies 226

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. Good complexity drives growth while bad complexity drags expense without improving growth.

S&OP 348

S&OP Supply and Demand Inventory Reduction Expense Reduction 348

Logistics Viewpoints

JUNE 4, 2024

With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.

Inventory Reduction 279

Inventory Reduction Supply Chain Planning Software Waste Reduction Inventory 279

RFgen

DECEMBER 19, 2024

Material Flow: Optimize material flow patterns to accommodate increased volume without creating bottlenecks or excessive inventory. Consider the following: Existing Stock Keeping Units (SKUs): Manufacturing companies should analyze their current inventory levels and how they align with anticipated demand.

Material Savings 82

Material Savings Sourcing Strategies Resource Reduction Inventory Reduction 82

ToolsGroup

AUGUST 20, 2021

Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.” This is different from problematic ABC inventory classification.

Modeling 317

Modeling Inventory Reduction Inventory Forecasting 317

ToolsGroup

MARCH 24, 2021

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

Logistics Viewpoints

MARCH 12, 2025

Intermediary costs Third-party auditors, banks, and brokers drive up expenses. They follow “if-this-then-that” (IFTTT) logic, meaning that when certain conditions are met, the contract automatically executes an agreed-upon action, such as releasing a payment, updating an inventory record, or verifying a shipment.

Supply Chain Design Software 235

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Negotiating Skills 235

Logistics Viewpoints

NOVEMBER 16, 2023

This article is from Descartes Systems Group and looks at how companies can reduce lead times with real-time data. Additionally, a longer lead time reduce a company’s agility, or resilience, to adapt to demand fluctuations, or other disruptions that may occur. How can you better manage lead time? To read the full article, click HERE.

Real-time Visibility 285

Real-time Visibility Material Savings Inventory Reduction Vendor Strategies 285

Supply Chain Shaman

DECEMBER 27, 2022

In a recent research project, we found that 2/3 of companies had a digital supply chain transformation strategy; however, those that were evolving their strategy performed better during the early months of the pandemic than those that were “clear” on the project plan for a digital transformation. I know, a head-scratcher.

Supply Chain Software 404

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 404

Logistics Viewpoints

JUNE 29, 2023

Configure to Order: This strategy involves customizing standard products based on customer specifications. Here is a summary of the key supply chain characteristics of each of the manufacturing strategy and how it impacts collaboration with suppliers.

Manufacturing Procurement 256

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 256

Logistics Viewpoints

JANUARY 21, 2021

Increased lead time accuracy reduces risks involved in transportation and logistics, improving your overall supply chain. It allows shippers to reduce their operating costs, optimize capital, allocate resources more efficiently, and can lead to higher customer satisfaction, increased revenues, and even improve their competitive advantage.

Predictive Analytics Software 363

Predictive Analytics Software Logistics Network Optimization Software Modeling Inventory Reduction 363

Supply Chain Shaman

OCTOBER 23, 2024

Tight integration of ERP to supply chain planning reduces agility.) Companies want to reduce costs and improve the value of planning. Inventory analysis of safety stock is less effective than the analysis of form and function of inventory based on inventory value add/inventory health. Control/Influence.

Supply Chain Planning Software 260

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 260

ToolsGroup

JANUARY 7, 2020

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits.

Inventory Reduction 194

Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

ToolsGroup

MAY 11, 2021

However, few fully integrate their SCP strategies into their strategic planning. Marketing Plan: documents your strategy for attracting and retaining customers and developing new products and services. Likewise, by limiting or eliminating out-of-stock inventories, SCP allows companies to maximize sales. Customer Analysis.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Planning Supply Chain Optimization Modeling 296

Logistics Viewpoints

MARCH 21, 2024

The challenges brought about by the pandemic made many rethink strategy when it came to inventory, stock on hand, secondary options and the ability to guarantee supply and resiliency. In this article we will explore four factors that must be thoroughly evaluated.

Prescriptive Analytics Software 282

Prescriptive Analytics Software Supply Chain Planning Software Optimization Software Analytics Software 282

DELMIA Quintiq

AUGUST 4, 2020

Additive Manufacturing is accelerating the development phase and reducing time to market. With lead times shrinking and increasing needs to reduce cost this becomes an essential capability that all aerospace companies should be adopting. What are the benefits? Realizing the value.

Aerospace 296

Aerospace Material Savings Expense Reduction Cost Reduction Strategies 296

Logistics Viewpoints

APRIL 25, 2024

Higher expenses. So, the parking spots are getting more and more occupied with drop trailers, meaning lot capacity shrinks while finding the trailer with the highest-priority inventory becomes even harder. The net result? Dissatisfied customers. Bottom line: yards are hard. Problem number three: appointment scheduling is a mess.

Expense Reduction 295

Expense Reduction Cost Reduction Strategies Supply Chain Design Software Inventory Reduction 295

Logistics Viewpoints

JUNE 1, 2021

Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep.

Inventory Management Software 258

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 258

RFgen

MARCH 10, 2025

The problem lies in effectively balancing inventory across the supply chain. When demand surges, inventory needs to rise, and vice-versa. However, as we’ve seen in recent years, predicting these shifts and adjusting inventory accordingly is far from simple.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Modeling Supply Chain Optimization 52

ToolsGroup

FEBRUARY 23, 2021

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging. Anyone can come up with a plan.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Modeling Optimization Software 156

My Office Apps

NOVEMBER 15, 2024

ERP is often hailed as the backbone of modern business operations, streamlining everything from inventory management to finance. Myth #2: ERP Systems Are Too Expensive Reality Check: Yes, ERP systems were once prohibitively costly, especially when businesses had to invest in expensive hardware and infrastructure.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Inventory Management Software Modeling Software 98

Logistics Bureau

JANUARY 20, 2025

Supply chain automation refers to the tools and technologies we can use to make manual tasks automated, reducing the need for human workers. These smart robots talk to the WMS to optimise picking routes and cut order fulfillment time in half. This means you can keep optimal inventory levels and avoid stockouts and overstocking.

Supply Chain Software 75

Supply Chain Software Supply Chain Design Software Australia Inventory Reduction 75

RFgen

JANUARY 16, 2025

Spreadsheets just don’t cut it anymore. That’s where manufacturing inventory management software comes in. In this ultimate guide, we’ll break down everything you need to know about manufacturing inventory management software. Keeping track of all your moving parts in manufacturing is a tall order.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Supply Chain Planning Software Optimization Software 52

Logistics Bureau

JANUARY 16, 2025

Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. When we talk about building a resilient supply chain, we’re not just discussing having backup suppliers or extra inventory.

Sourcing Strategies 74

Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 74

My Office Apps

OCTOBER 21, 2024

What is Vendor Relationship Management (VRM) and Why It’s Essential for Your ERP and Inventory Software? Strong vendor relationships are critical for business success, especially when it comes to managing inventory and procurement. This allows businesses to track expenses, costs, and payments against the appropriate financial accounts.

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

DELMIA Quintiq

JUNE 9, 2020

Unforeseen bottlenecks and constraints constantly delayed productions and the only way to ensure on time deliveries was to expedite, add labor or overstock inventory and WIP; all at great expense. Using both MOM and planning & optimization as part of an integrated process provides significant value.

Manufacturing Procurement 272

Manufacturing Procurement Optimization Software Supply Chain Optimization Price Mitigation Strategies 272

Logility

NOVEMBER 13, 2020

As such, c ausal f orecasting is much more than basing inventory positions and replenishment schedules on shipment data. Rather, it is about leaning into complexities and understanding cause and effect, not playing it safe at the expense of margin. . To avoid this happening , a deeper understanding of causal factors is needed.

Forecasting 246

Forecasting Forecasting Software Supply Chain Planning Software Price Reduction 246

Logistics Viewpoints

NOVEMBER 20, 2023

Rather than just offering consumers the choice of buying online or buying in the store, a retail omnichannel strategy involves a lot more paths to fulfill an order or to process a return. Omnichannel Order Management Systems are Complex For retailers, implementing a sound omnichannel strategy can be difficult.

Omnichannel 298

Omnichannel Retail Cost Reduction Strategies Expense Reduction 298

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 283

Procurement Academy

JANUARY 7, 2025

Mastering resilience enables businesses to uphold efficiency, reduce costs, and improve overall performance even when dealing with disruptions. This article will explore key strategies for building supply chain resilience, and how Skill Dynamics can help support your business throughout this transformation.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Optimal Sourcing 90

Logistics Bureau

JANUARY 3, 2025

Inventory levels: Current or expected inventory levels at various locations. Inventory turnover: Inventory turns for each SKU. Transportation costs: Freight rates, fuel and labour costs, and other transportation expenses. Competitor intelligence: Distribution strategies and network designs of your competitors.

Network Design Software 75

Network Design Software Network Design Supply Chain Design Software Supply Chain Network Software 75