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. What Is Mobile Inventory Management?

Inventory Management Software 74

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 74

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Enchange Supply Chain Consultancy

JULY 3, 2024

Internal Perspective: Performance Monitoring: KPIs and Metrics: Establish key performance indicators (KPIs) to monitor distributor performance. Track metrics such as sales volume, market share, inventory levels, and customer satisfaction. Utilize inventory management tools and techniques to optimize stock levels.

Inventory Reduction 200

Inventory Reduction Supply Chain Planning Software Material Savings Price Mitigation Strategies 200

The Logistics of Logistics

JUNE 14, 2024

The company focuses on solving the problem of inventory distortion, which is having too much of the wrong inventory and not enough of the right inventory. Pull Logic uses the Product Availability Ratio (PAR) score to optimize inventory management and ensure customers have access to the products they want when they need them.

Inventory Reduction 227

Inventory Reduction Inventory Inventory Management Software Modeling 227

Supply Chain Shaman

NOVEMBER 21, 2023

At that time, Fred started pressuring the organization on the DOI (days of inventory) levels. His goal was to separate manufacturing and distribution inventories to improve his bonus incentives. The metrics were not aligned. Map the different metrics and incentives in the organization to behavior. You have to do so.

Supply Chain Planning Software 339

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 339

Supply Chain Shaman

SEPTEMBER 28, 2022

We find that three factors mattered: organizational alignment, descriptive analytics, and inventory management. Companies driven by functional metrics struggled: they could not adapt quickly to the higher transportation costs.). Multi-tier inventory management by itself was not sufficient. So, you might ask, why?

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Kinaxis

MARCH 22, 2017

But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. Single vs. multi-echelon inventory optimization.

Optimal Sourcing 196

Optimal Sourcing Supply Chain Optimization Network Optimization Inventory Reduction 196

ToolsGroup

AUGUST 20, 2019

Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service.

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

ModusLink Corporation

SEPTEMBER 7, 2023

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

Supply Chain Shaman

JULY 6, 2020

Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance. The second step is to align metrics to the strategy. A focus on cross-functional metrics improves supply chain resiliency. (I The So What? ” I share it because it is real life.

Agile and Lean Supply Chain 297

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 297

Supply Chain Shaman

MARCH 27, 2014

I also continued to work on the manuscript for the book Metrics That Matter to publish in the fall of 2014. Demand demand planning demand sensing inventory management inventory reduction' The book is now a very worn manuscript. At the end of the week, we hosted a networking call of the Shaman’s Circle.

Supply and Demand 282

Supply and Demand Inventory Reduction Demand Planning Software Forecasting Software 282

Logistics Viewpoints

NOVEMBER 20, 2024

Technologies such as artificial intelligence, IoT, and predictive analytics enable smarter inventory management, real-time tracking, and predictive maintenance, reducing waste and costs. This pillar is about creating value, reducing risks, and positioning the organization for long-term success.

Waste Reduction 244

Waste Reduction Sustainability Supply Chain Design Software Resource Reduction 244

RFgen

DECEMBER 19, 2024

Choosing the right inventory management software , often referred to as an inventory control system, can be the difference between a well-oiled, profit-generating operation and one plagued by costly mistakes and inefficiencies. Modern inventory management solutions have evolved far beyond basic stock counting.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Planning Software Forecasting Software 52

Logistics Viewpoints

OCTOBER 12, 2023

The same “If” statement was repeated for a host of financial and operational metrics. The following will delve into some of the intricate farm-to-table challenges that supply chains face across sourcing, demand planning, procurement and inventory management, transportation, and warehousing.

Supply Chain Design Software 267

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 267

Logistics Viewpoints

JULY 23, 2024

Collaborate across departments: Engage stakeholders from different departments within the organization – not just supply chain management including logistics and procurement but sales, marketing, and finance. Identify key touchpoints and decision points where data-driven insights can drive improvements and inform decision-making.

Optimal Sourcing 274

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 274

Supply Chain Shaman

DECEMBER 7, 2022

” So, I started work with Arizona State University to take balance sheet data from 2003-2007 to analyze which combination of metrics drove the highest market capitalization. As a result of the research with ASU, I settled on the combination of growth, margin, inventory turns, and ROIC for the Supply Chains to Admire analysis.

Inventory Reduction 55

Inventory Reduction Material Savings Supply Chain Strategy Price Mitigation Strategies 55

Kinaxis

DECEMBER 12, 2014

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. One very good source of supply chain training is APICs (American Production and Inventory Control Society). Reason #7 Making decisions based on bad data (supply chain data accuracy). Reason #8 Keeping supply chain information in silos.

Supply Chain Planning Software 240

Supply Chain Planning Software Supply Chain Planning Price Mitigation Strategies Training 240

Logistics Viewpoints

JUNE 29, 2023

Consequences of Lack of PO Collaboration Capabilities Failure to prioritize PO collaboration can lead to severe consequences for companies. By effectively addressing the challenges in PO Collaboration, organizations can mitigate disruptions, reduce costs, improve operational efficiency, and gain a competitive edge in the marketplace.

Manufacturing Procurement 214

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 214

Supply Chain Shaman

MAY 17, 2015

Then it is off to Dallas to speak on Supply Chain Metrics That Matter at the Dallas CSCMP roundtable and complete some more client work. The supply chain is a complex system and these metrics are tightly linked in non-linear relationships. The first challenge, is to define a job position and process for inventory management.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Supply Chain Software 150

Supply Chain Shaman

OCTOBER 29, 2020

Yet, only 20% of companies actively manage supplier development programs to get cash to suppliers in need. Cash-to-Cash Metrics. Management of the cash-to-cash cycle is critical to maintaining working capital. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle.

Optimal Sourcing 236

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 236

The Logistics of Logistics

OCTOBER 29, 2024

Offering comprehensive solutions, including warehousing, order fulfillment, and inventory management, Launch Fulfillment helps eCommerce brands streamline their supply chains. Data-Driven Insights: Provides valuable insights into shipping costs and performance metrics to optimize operations.

Logistics Network Optimization Software 187

Logistics Network Optimization Software United Kingdom Supply Chain Software 3PL 187

ThroughPut

AUGUST 8, 2024

No matter what you do, it feels like your inventory is conspiring against you: always too much or too little, and it’s not just by chance that you find yourself in this familiar predicament. You’re likely here for one of two reasons: One, your inventory management strategy desperately needed an upgrade…yesterday.

Inventory Management Software 52

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

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.

Modeling 207

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 207

SCMDOJO

OCTOBER 23, 2024

There are several strategies for inventory management but the most important strategy for order quantity is Economic Order Quantity/ EOQ Calculation. The overall business performance is dependent on effective Inventory Management, Operations Excellence, Profitability, and Growth. What is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

Supply Chain Shaman

MAY 3, 2015

While we cannot access customer service levels for public companies, we can measure progress at the intersection of operating margins and inventory turns. We are systemically evaluating each industry in the Supply Chain Insights Metrics That Matter series of reports. The Inventory Management Journey.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

RFgen

NOVEMBER 27, 2024

Supply chain optimization software tracks items as they move through your supply chain and generate alerts at important points to improves decision-making and enhance visibility across the supply chain by integrating various capabilities like procurement, inventory, and customer relationship management.

Optimal Sourcing 84

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 84

Logility

MARCH 21, 2024

During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.

Optimal Sourcing 224

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 224

Supply Chain Shaman

FEBRUARY 22, 2015

The more that I work on supply chain metrics, the more that I believe that both the SCOR model and the Gartner Hierarchy of Supply Chain Metrics (which I worked on for the period of 2006-2010) reward functional, not end-to-end supply chain behavior. Inventory is a sign off end-to-end of supply chain health. Let me explain.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Modeling Software 150

Supply Chain Shaman

MARCH 5, 2019

The focus is on functional metrics, but are unable to get to overall supply chain metrics. For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory. Companies are drowning in data, but struggle to get insights.

Supply Chain Design Software 294

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 294

The Smart Software

OCTOBER 2, 2023

Dealing with the day-to-day of inventory management can keep you busy. For that, your inventory software should show you metrics – and not just one, but a full set of metrics or KPI’s – Key Performance Indicators. But you know you have to get your head up now and then to see where you’re heading.

Inventory Management Software 105

Inventory Management Software Metrics Supply Chain Planning Software Forecasting Software 105

GlobalTranz

NOVEMBER 8, 2018

Fortunately, data analysis allows Warehouse Managers to gain the insights necessary to create metrics to track performance, which are also known as key performance indicators (KPIs). This will contribute to fewer headaches in managing KPIs and free Warehouse Managers to focus on work, not following up on countless metrics.

Analysis 151

Analysis Data Forecasting Software Forecasting 151

ThroughPut

JUNE 4, 2024

Effectively Managing inventory is a common challenge for many supply chain and manufacturing professionals. Without proper inventory management, businesses can face stockouts, overstocking, and increased operational costs, which can impact profitability and customer satisfaction. What Is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Silvon Software

APRIL 29, 2022

Key performance indicators (or KPIs) help to facilitate these requirements and drive higher inventory optimization outcomes as a result for manufacturers, distributors and other supply chain-centric businesses. The Basics of Inventory Management KPIs. These types of metrics are Sales KPIs, Receiving KPIs and Operational KPIs.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

Supply Chain Shaman

FEBRUARY 14, 2022

Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels. Industries carried on average 32 days more inventory in 2020 than in 2007. (I Organizations can align to drive value despite the allegiance to functional metrics. Mistake #5. Measurement.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

OCTOBER 22, 2015

To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. The lack of understanding of inventory by finance is a major barrier in the effective usage of technology.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Inventory Supply Chain Planning Software 150