GlobalTranz

JUNE 11, 2020

This is important for reducing order fulfillment errors, improving your inventory management and remaining competitive. Supply chain leaders must learn to recognize the warning signs of risky fulfillment strategies, the indicators of success, and how to.read More.

Inventory Reduction 244

Inventory Reduction Supply Chain Strategy Distribution Price Mitigation Strategies 244

Logistics Viewpoints

AUGUST 31, 2023

Automating inventory and replenishment can also help avoid stockouts and missed sales opportunities. Improve Inventory Management with a Voice Picking System How do you minimize mistakes like this? The post Editor’s Choice: Warehouse Distribution Errors and How to Fix Them appeared first on Logistics Viewpoints.

Warehousing 284

Warehousing Distribution Vendor Strategies How To 284

Logistics Viewpoints

JANUARY 11, 2024

If you can’t see what’s truly going on at any moment in time across your supply chain, you’ll make yourself vulnerable to lost opportunities, lost income, lost inventory, lost shipments, and eventually, lost customers. How can you make it all work together and build a better supply chain business, fast? So, what next?

Supply Chain Planning Software 295

Supply Chain Planning Software Supply Chain Network Software Analytics Software Forecasting Software 295

GlobalTranz

FEBRUARY 25, 2021

A reverse logistics supply chain management strategy is critical to maintaining healthy inventory turn and operating expenses. Understanding the dynamics behind how, when, and why customers return items is essential to understanding purchasing behavior and improving the overall experience. Contact Our Reverse Logistics Team Today.

Reverse Logistics 253

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Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Inventory. My takeaway?

Optimal Sourcing 236

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 236

Logility

DECEMBER 16, 2024

Balancing forecast accuracy with inventory management gets more challenging every day. Customer behavior: Real-time insights into customer orders, inventory levels, and distribution channels clarify short-term demand. Short-term signals, like customer orders or inventory levels, work better for weekly demand-sensing.

Supply and Demand 192

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ToolsGroup

JULY 28, 2021

Especially with how world-shifting events such as the coronavirus have shown damning flaws in demand-driven forecasting, knowing how to account for and use uncertainty to a demand planner’s advantage has never been more important. Watch video: What Is Probabilistic Forecasting? After all, it’s not just your forecast that’s wrong.

Forecasting 296

Forecasting Supply and Demand Gartner How To 296

ToolsGroup

MARCH 15, 2023

ABC inventory classification has been around so long that most planners just assume it’s the only way to segment your inventory. Let’s examine how inventory management has evolved into inventory optimization so that companies can minimize inventory investment while still hitting service level targets and maximing proftability.

Inventory Reduction 156

Inventory Reduction Inventory Management Software Modeling Inventory Management 156

Logistics Viewpoints

JUNE 9, 2022

This warehouse runs at a perfect optimum with fixed capital in the form of inventory balanced perfectly with sales and purchasing, and all the items perfectly distributed to the various storage areas of the warehouse. The post Logistics Software: How to Make Handling Peak Times Easy appeared first on Logistics Viewpoints.

Logistics Network Optimization Software 278

Logistics Network Optimization Software Analytics Software Optimization Software Forecasting Software 278

Supply Chain Shaman

MARCH 21, 2024

At the time, many business leaders did not know how to type and had no idea how to use a computer. In my first classes, I taught the group how to speak the language of demand—forecastability, Forecast Value Added (FVA), backcasting, demand and market latency, and market drivers. Only 15% of inventories are safety stock.

Inventory Reduction 402

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 402

GlobalTranz

APRIL 13, 2021

The system wasn’t prepared for the surge, driving up pricing for transportation and sapping inventory levels. Your organization’s ability to anticipate disruption, adapt to events, and build resiliency is rooted in how you maintain operational continuity.

Supply Chain Disruption 205

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 205

ToolsGroup

FEBRUARY 12, 2025

The key is to measure how well your supply chain can absorb uncertainty, rather than striving for perfect forecasts. Heres how to approach this shift from forecast-driven to uncertainty-driven planning: Acknowledge that your forecast will be wrong. If your forecast is wrong, then any decisions based on that forecast will also be wrong.

Optimal Sourcing 156

Optimal Sourcing Modeling Forecasting Supply and Demand 156

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

Let’s assume that I don’t go to a restaurant alone and my companion orders filled puff pastry – I wouldn’t tell the chef how to prepare it. He has a strong interest in the topics of Artificial Intelligence, Supply Chain Planning and Inventory Management. The Machine Learning Trap or How to Tell if You’ve Got the Right Waiter.

How To 246

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ToolsGroup

SEPTEMBER 13, 2023

So how can organizations face this new market landscape with confidence and a solid planning process? The key lies in high performance inventory. A successful planning process leverages inventory itself as a tool, increasing the payoff of available stock by balancing it with business goals and service targets.

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

Logility

FEBRUARY 24, 2022

By its very nature, optimizing your inventory will reduce power consumption and total emissions, maximize operations, rationalize warehouse space and improve transportation efficiencies, all in measurable ways. Make Changes Incrementally.

Supply Chain Planning Software 203

Supply Chain Planning Software Sustainability Expense Reduction Cost Reduction Strategies 203

ToolsGroup

SEPTEMBER 4, 2024

In the fast-paced world of retail, every decision counts—especially those related to inventory management. So, how much are you really losing? Stockouts are one of the most direct and visible consequences of poor inventory management. The answer lies in real-time inventory rebalancing powered by AI.

Inventory Management Software 156

Inventory Management Software Inventory Reduction Cost Reduction Strategies Inventory Management 156

ToolsGroup

APRIL 4, 2023

By land, by air, by sea – transit organizations know the competition is fierce for retaining customer loyalty, requiring inventory management strategies that balance consumer needs with sustainability initiatives and business goals. These companies understand that one bad experience could jeopardize future sales.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 156

Supply Chain Shaman

JULY 31, 2024

My goal was to think harder about how to best implement Advanced Planning before I wrote my next post. In one project, I am interviewing over fifty supply chain leaders on their perceived impact of advanced planning, what makes a good plan, and how effectively they use the technology. Reflection A month has passed since my last post.

Supply Chain Planning Software 363

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 363

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. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is.

Inventory Reduction 156

Inventory Reduction Material Savings Inventory Cost Reduction Strategies 156

GlobalTranz

JULY 7, 2021

Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.”. The post 3PL vs 4PL: How to Know Which One is Right for You appeared first on GlobalTranz Enterprises, LLC. Essentially, a 3PL is a third-party that fulfills requests from a shipper.

3PL 210

3PL Third Party Logistics Logistics Network Optimization Software How To 210

Supply Chain Shaman

DECEMBER 27, 2022

McKinsey promises improved agility (not defined) with up to a 30% reduction in operational cost and a decrease in inventory of 75%. (I When asked how to drive interoperability, I replied, “There is no good template. The technology is the easy part, but making a conscious choice on inventory deployment is challenging for companies.

Supply Chain Software 404

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

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Logistics Viewpoints

JUNE 13, 2022

But the inventory planning systems that forecast where inventory will be needed are not. Walgreen is intrigued by functionality that better integrates inventory planning with order fulfillment. Over time, this functionality will improve inventory placement to support omnicommerce. No forecast is perfect.

Supply Chain Planning Software 359

Supply Chain Planning Software Forecasting Software Demand Planning Software Puerto Rico 359

C3 Solutions

SEPTEMBER 6, 2024

Whether you're managing inventory in a warehouse, trying to streamline operations at the dock, or juggling yard logistics, everything needs to flow seamlessly. Keeping up with supply chain demands is no easy feat. And here’s where supply chain visibility comes in.

Supply Chain Visibility 155

Supply Chain Visibility Supply Chain Software Supply Chain Supply and Demand 155

ToolsGroup

DECEMBER 5, 2024

As we gear up for the final stretch of the holiday shopping season, let’s analyze the wins, the losses, and how to pivot for success. Stockouts and Overstock Hurt Retailers The inventory imbalance was glaring this year: 33% of shoppers ** reported being unable to find the items they wanted due to stockouts. Here’s how to win: 1.

Inventory Reduction 156

Inventory Reduction Waste Reduction How To Price Mitigation Strategies 156

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

SCMDOJO

NOVEMBER 20, 2024

Excessive and obsolete inventory can cause a business to fail. One needs to mitigate these challenges and learn how to optimize inventory. Healthy inventory optimization management can help a company flourish like a wealthy field. That is why optimizing inventory and reducing obsolescence is a necessity.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 98

Supply Chain Shaman

APRIL 15, 2020

I continue to think about the COVID-19 recovery and how to help clients. Instead, use demand sensing technologies to detect patterns with minimal latency into inventory requirements. As a result, evaluate inventory buffers, location of inventories, and the need for push/pull decoupling points. Evaluate Inventory.

Supply Chain Planning Software 439

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 439

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. Instead, rethink the models and the approach.

Supply and Demand 384

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 384

Logistics Viewpoints

MARCH 11, 2025

For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.

Optimal Sourcing 259

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 259