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

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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?

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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 262

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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?

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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

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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

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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.

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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 260

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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

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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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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 130

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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

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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 204

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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

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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

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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

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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

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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

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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 405

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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

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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 323

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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 440

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ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

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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 385

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Arkieva

SEPTEMBER 14, 2022

This blog explains the bullwhip effect, how the pandemic exacerbated it and tips on how to mitigate the effect. How to Mitigate the Bullwhip Effect in Today’s Market was first posted on September 13, 2022 at 8:04 am. One flick of the wrist triggers a wave of disruption that grows the deeper it penetrates the supply chain.

How To 158

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Supply Chain Shaman

JUNE 30, 2023

As a supply chain leader, he is struggling how to dance in the ring of fire. As a result, demand planning is largely manual, inventory management is a series of manual inputs, and production planning is via spreadsheet. Anne is a lean disciple and sees all inventory as Muda. This week, I spoke to John. Let me explain.

Supply Chain Planning Software 323

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DELMIA Quintiq

JULY 3, 2023

A main challenge is to avoid excessive inventory while maintaining enough stock for warm weather and not wait for summer to begin to make ice cream. It starts with planning and building inventory at the end of the year by implementing reliable demand forecasts plus sound inventory and production management.

Supply Chain Planning Software 156

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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 140

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ToolsGroup

DECEMBER 11, 2023

How do you discount more strategically? Of course, most businesses can’t afford not to offer markdowns, especially in the face of inventory surpluses created during lockdowns. So how do you discount more strategically? Habits and history can’t be trusted as much as we think they can.

Price Reduction 156

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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 324

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