The Logistics of Logistics

MARCH 13, 2021

Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used). About Ron Crabtree.

Sourcing Strategies 130

Sourcing Strategies Resource Reduction Price Reduction Waste Reduction 130

BlueYonder

OCTOBER 10, 2024

It’s been two centuries since the Industrial Revolution transformed manufacturing, introducing machines that automated production and unlocked unprecedented efficiencies. But in the last decade, the industrial manufacturing sector has encountered a new wave of challenges and disruptions.

Forecasting 68

Forecasting Forecasting Software Manufacturing Procurement Supply and Demand 68

Resilinc

APRIL 17, 2024

Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?

Sourcing Strategies 96

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 96

Logility

SEPTEMBER 19, 2022

Port congestion, shipping delays, and other supply chain disruptions are affecting industries across all economic sectors, and that includes beverages of all types. Better long-term planning, supply planning, and just-in-time logistics are essential to address beverage industry supply chain challenges. Key Takeaways.

Beverage 130

Beverage Supply Chain Planning Software Agile and Lean Supply Chain Optimal Sourcing 130

Logility

APRIL 20, 2022

Every industry article, news segment, analyst research paper, and boardroom conversation offers varying perspectives on the real issues impacting supply chain performance and the best way to fix them. Developing Diverse, Resilient Sourcing Strateg ies. Feeling overwhelmed? You’re not alone.

Sourcing Strategies 130

Sourcing Strategies Material Savings Vendor Strategies Inventory Reduction 130

Logility

MAY 25, 2023

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. This is where inventory control techniques come in.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Inventory Optimal Sourcing 130

ToolsGroup

JANUARY 6, 2022

Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan. These businesses often collect tires of high quality as spare inventory and do not have the infrastructure in place to sell them. Our unique perspective in the industry allows us to see the pain points of online sellers.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 290

SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications. What is the Life Cycle Inventory (LCI)? It includes determining the purpose of the study, the system boundaries (i.e.,

Inventory Reduction 98

Inventory Reduction Analysis Material Savings Optimal Sourcing 98

ToolsGroup

SEPTEMBER 29, 2022

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. Across other retail sectors, customers have increased their trust in inventory availability from 1-7%. In July 2022, IHL and ToolsGroup surveyed U.S. consumer trust in retailers over the last two years as a result of out-of-stocks.

ToolsGroup 156

ToolsGroup Optimal Sourcing Study Groups 156

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. The need for better inventory control is critical for companies who want to deliver for customers and maximize profits, despite market volatility and disruption.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

BlueYonder

FEBRUARY 14, 2023

The following are the insights gained from my discussion with Sunil Roy , who leads Blue Yonder’s Industrial Manufacturing Industry Strategy, during a recent Blue Yonder Live and executive customer events that we prepared for jointly. Sunil: The industry is going through an evolution, specifically in the last couple of years.

Manufacturing Procurement 132

Manufacturing Procurement Material Savings Inventory Reduction Cost Reduction Strategies 132

Arena Solutions

OCTOBER 10, 2024

Succeeding at Strategic Sourcing With Arena and Part Analytics Learn more about the integration between Arena and Part Analytics here. Full transcript below: Heatherly Bucher Welcome to our session on Succeeding at Strategic Sourcing. Engineering and sourcing professionals build the platform for engineering and sourcing.

Analytics Software 60

Analytics Software Negotiating Skills Sourcing Strategies Purchasing Skills 60

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

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Evolution of Asset Management: Humans, Inventory and the Rise of AI by Jeroen Hendriks , Director at Art of Supply Chain Sdn Bh In the ever-evolving landscape of organisational success, the spotlight is now on asset management. However, inventory is also an essential asset for many businesses.

Asset Management 130

Asset Management Inventory Reduction Inventory Optimal Sourcing 130

SCMDOJO

JUNE 27, 2024

In an era where efficiency equates to competitive advantage, the oil industry’s supply chain management plays a pivotal role in determining a company’s profitability and sustainability. What Are the Logistical Challenges in the Oil Industry? What Are the Key Components of an Oil Company’s Supply Chain?

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Inventory Reduction 98

Supply Chain Shaman

MAY 25, 2024

This data source synchronizes corporate reporting across global markets while tracking restatements, name changes, and currency shifts.) Lenovo posts a 2% average margin compared to the industry average of 6%. The second part of the story is that inventory turns for Lenovo are 10.8, We purchase data from Y charts. (A The secret?

Eliminating Excel in Purchasing 321

Eliminating Excel in Purchasing Gartner Supply Chain Design Supply Chain Strategy 321

BlueYonder

DECEMBER 11, 2023

Inventory control represents a huge challenge for any retailer. In fact, inaccurate inventory is the single biggest cause of poor customer experience, according to a new survey by Blue Yonder. How did the company overcome its inventory issues? The case of this tech retailer, The Source , shows why.

Inventory Reduction 78

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Retail 78

BlueYonder

AUGUST 15, 2024

From fulfillment analysts and omni-channel commerce managers to customer success managers, diverse functions are tasked with ensuring that inventory is properly rebalanced following a disruption. Due to a storm, one DC that’s carrying 40 units of inventory is suddenly out of operation. The result?

Optimal Sourcing 88

Optimal Sourcing Supply Chain Planning Software Inventory Optimization Software 88

SCMDOJO

APRIL 27, 2022

Managing the flow of goods within the apparel industry requires an extensive and well-established supply chain network. Since this particular industry is insanely fast-paced, any problem within the supply chain can lead to a loss of sales for the business. Why Does the Apparel Industry Require Supply Chain Management?

Apparel 138

Apparel Supply Chain Design Software Supply Chain Design Supply Chain Optimization 138

Unleashed

AUGUST 15, 2024

Choosing the right inventory management system is crucial for optimising business operations, improving accuracy, and increasing overall efficiency. This guide explores five of the best Zoho Inventory alternatives currently on the market.

Inventory Management Software 52

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

Logility

AUGUST 31, 2022

It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Disruption Optimal Sourcing Inventory Reduction 130

Enterra Insights

APRIL 21, 2021

Despite years of discussion about the fourth industrial revolution (aka Industry 4.0), the revolution remains in its infancy. They write, “Industrial production was transformed by steam power in the nineteenth century, electricity in the early twentieth century, and automation in the 1970s.”[1] ”[3] In the Industry 4.0

Analytics Software 130

Analytics Software Big Data Predictive Analytics Price Reduction 130

Logility

SEPTEMBER 19, 2017

The Consumer Products Industry experienced a 32% growth in active items in 2015 and that trend has accelerated over the last 18 months. Depending on the source, it is widely reported that anywhere from 50 to 85% of new products fail to achieve success. reduction in finished goods inventory (days).

Inventory Reduction 103

Inventory Reduction Optimal Sourcing Modeling Inventory 103

Logistics Viewpoints

JULY 24, 2024

The report, which comprised 310 respondents, provides a cross-industry snapshot of the current state of RPA in supply chain, including the likelihood of implementation as well as the benefits and obstacles surrounding RPA deployment. Many technologies are implemented as a source of cost cutting.

Supply Chain Software 264

Supply Chain Software Manufacturing Procurement Supply Chain Planning Software Inventory Reduction 264

Logility

MAY 3, 2021

S&OP integrates plans for every department , combining the needs and opportunities facing customer support, sales, marketing, development, manufacturing, sourcing, and financial into one tactical strategy. This offers instant insight into the impact on revenue, manufacturing capacity, and inventory levels. S&OP Defined.

Inventory Reduction 246

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 246

Saleswarp

OCTOBER 2, 2024

What is Phantom Inventory? Phantom inventory is a common issue in inventory management, where there’s a mismatch between the recorded inventory and the actual physical stock. retail operation has an inventory accuracy of only 63 percent. The average U.S. It can also arise from supplier fraud.

Inventory Management Software 40

Inventory Management Software Analytics Software Supply Chain Planning Software Supply Chain Software 40

Logistics Viewpoints

JULY 23, 2024

Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals. Leveraging their industry knowledge and experience will streamline the process of identifying and collecting the data needed to fuel AI-driven insights and decision-making.

Optimal Sourcing 259

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 259

Supply Chain Matters

JULY 18, 2023

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

QAD

MARCH 30, 2023

As I discussed in a recent article in RFID Journal , RFID technology has changed a lot since 2005 and could be the secret to ensuring greater visibility and inventory accuracy this year. They don’t have an internal power source, so range and data storage is sacrificed to gain cost efficiency and lifespan. What is RFID Technology?

Manufacturing Procurement 98

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 98

DELMIA Quintiq

DECEMBER 4, 2018

In recent years, the steel industry has seen creative solutions to long-standing challenges, emerging technologies, and niche market explorations – all of which are changing this traditionally conservative industry. Here, he talked about key trends and challenges that are shaping the industry today.

Industrial 197

Industrial Industry Optimal Sourcing Supply Chain Planning Software 197

RFgen

JUNE 30, 2023

Gone are the days of paper inventory tracking and manual data entry. The businesses of tomorrow need technology solutions that give real-time information in order to make key business decisions when it comes to inventory. Essentially, an ERP helps organizations run their business by acting as a single source of truth.

Inventory Management Software 78

Inventory Management Software Supply Chain Planning Software Optimization Software Forecasting Software 78

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

Inventory Management Software 122

Inventory Management Software Inventory Management Inventory Reduction Sourcing Strategies 122

ToolsGroup

APRIL 20, 2022

Whatever industry you’re in, you’re probably facing a swell of attrition, as 41% of the global workforce considers quitting. Source: Fortune. #3: Source: Fortune. Know-How: Holding on to long-time employees helps limit the loss of industry and company-specific expertise and knowledge. The dreaded labor shortage.

Sourcing Strategies 194

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 194

ThroughPut

JUNE 29, 2024

As a retail inventory planner, you strive to deliver precise replenishment plans—ensuring the right quantity of stock is available at the right time and place. Yet, managing inventory through multiple spreadsheets linked by complex formulas, or using disparate point solutions that don’t integrate, complicates your task.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Supply Chain Planning Software Optimization Software 52

Logistics Viewpoints

FEBRUARY 20, 2024

Optimal sourcing plant is different for different periods A baseline optimization model shows that depending on the period (month), the optimal sourcing location varies. While this sourcing strategy is the most cost-effective one, the business might not want to operate like that. In scenario #1 the horizon is 12 months.

Sourcing Strategies 251

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 251

Enterra Insights

NOVEMBER 8, 2023

ADS is able to Sense, Think, Act, and Learn ® about the environment in which businesses operate — including the complexities of the supply chain industry. AI within the supply chain industry, for example, is helping companies solve environmental sustainability challenges. Both models have been used for decades in the industry.

Supply Chain Software 130

Supply Chain Software Modeling Software Resource Reduction Inventory Reduction 130

Supply Chain Matters

JANUARY 3, 2024

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares samples of individual prediction snapshots that will be included in our Annual 2024 Predictions for Industry and Global Supply Chains Research Advisory publishing later this month.

Predictive Analytics Software 59

Predictive Analytics Software Sourcing Strategies Manufacturing Procurement Supply Chain Strategy 59