Remove Inventory Remove Inventory Management Remove Sourcing
article thumbnail

Elevating Inventory Management with Multi-Echelon Inventory Optimization

Logility

This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress. Yet, recent research suggests a more advanced approach, Multi-Echelon Inventory Optimization (MEIO), surpasses traditional methods.

article thumbnail

Inventory Management: We Can Do Better

Supply Chain Shaman

Downsizing inventories over the past decade crippled the response.” In Table 1, I share research collected for the Supply Chains to Admire analysis on the average days of inventory by industry across the period of 2004 to 2019 by increments to match economic shifts. Days of Inventory Peer Group Across Time Periods.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Restoring Control Over Strategic Sourcing and Inventory Management

Supply Chain Brain

To be able to respond quickly to future supply chain disruptions, companies need to embrace strategic sourcing and inventory management.

article thumbnail

EOQ Calculation – An Inventory Management Tool

SCMDOJO

However, the main pin-point that drives all the factors is inventory/ stocks. How much stock/ Inventory do we need? How much inventory do we need in the off-season and the high season? The overall business performance is dependent on effective Inventory Management, Operations Excellence, Profitability, and Growth.

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.

article thumbnail

Better Inventory Management Requires International Suppliers To Step Up to Digital Transformation and Collaboration

Logistics Viewpoints

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. Complete visibility into inventory.

article thumbnail

Regaining control: Inventory management best practices (Part four)

Kinaxis

by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced.