article thumbnail

Elevating Inventory Management with Multi-Echelon Inventory Optimization

Logility

All these outcomes from multi-echelon inventory optimization translate into millions – and in some cases, billions – in working capital freed up from excess stock and carrying costs! The benefits extend far beyond just inventory reduction. And it’s not difficult to get started, as you may think.

article thumbnail

The Hidden Costs of Poor Inventory Management: How Much Are You Really Losing?

ToolsGroup

In the fast-paced world of retail, every decision counts—especially those related to inventory management. Stockouts are one of the most direct and visible consequences of poor inventory management. The Profit Erosion of Poor Inventory Management The most significant cost of poor inventory allocation is profit erosion.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inventory Management – Navigating the Trenches Without Losing Sight of the Big Picture

Arkieva

Inventory comes in many forms and flavors; it is the critical element of supply chains that enable a firm to respond quickly and take advantage of scale. However, managing inventory is one of the most. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

article thumbnail

Mobile Inventory Management: Boost Efficiency with Real-Time Tracking

RFgen

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. What Is Mobile Inventory Management?

article thumbnail

Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization.

article thumbnail

Inventory Management in a High Inflation Environment

Logistics Viewpoints

Inflation’s effects on inventory management policies are likely far from top of the mind of Logistics Viewpoints readers in today’s challenging times. However, today’s elevated rate of inflation warrants a closer look at optimal inventory policies. 1] Bierman, H., and Thomas, J.,

article thumbnail

Gain a Leading Edge in Inventory Management through Digital Transformation

DELMIA Quintiq

The manufacturing industry is constantly searching for new and inventive ways to improve inventory management. From Vilfredo Pareto’s 80-20 principle to just-in-time and pull-based manufacturing, minimizing excess inventory has been a continuous quest—spurred on by the Fourth Industrial Revolution or Industry 4.0.

article thumbnail

5 Critical Challenges Facing Pharmaceutical Supply Chains

Real-time visibility and tracking are critical to order accuracy, schedule reliability, inventory management and compliance in a high-value, highly regulated industry. There’s little room for error in most global supply chains, but none for the pharma cold chain.

article thumbnail

Your Supply Chain Challenges, Solved!: 5 Guides

The guides include: reducing transportation costs, improving customer satisfaction, optimizing inventory management, increasing workforce efficiency, and achieving sustainability and ESG goals. Featuring testimonials from: Cardinal Health, Kimberly Clark, Bayer, Dollar Tree, T-Mobile, Ace Hardware Download now!

article thumbnail

Multi-Tier Supply Chain Application Enables Fortune 100 Company to Gain Visibility

Which suppliers were being roadblocks, Which posed threats to assurances in supply, What information was being conveyed between suppliers and other supplier and inventory management issues. A Fortune 100 company wanted to have seamless visibility, collaboration and synchronized planning with its multiple levels of suppliers.

article thumbnail

Striking a Balance in the Supply Chain: Navigating Volatile Supply and Demand to Meet Customer Needs

Speaker: Tony Darnell, Shipping Manager at Lippert Components

In this webinar, we will discuss: Fulfilling the needs of customers at every level within your supply chain Guidance for companies that are reanalyzing their approach to inventory management, transportation management, and other aspects of supply assurance The obstacles that exist in supply chain and how to persevere through them April 27th, 2023 at (..)

article thumbnail

A Supply Chain Leader’s Guide to Managing Disruption With Modern Analytics

Managing disruption of any kind has become the #1 priority in supply chain operations. But, as leaders know, adapting to change is rarely a simple task and requires a fresh look at existing processes in planning and sourcing, inventory management, warehousing & distribution, and more.