Cathy Roberson

SEPTEMBER 7, 2021

Despite supply chain costs increasing and available capacity almost a rarity, retailers are undertaking a variety of ways to make sure they receive their inventory in time for the ever-important holiday season. “We feel good about the composition of our inventory. It's been difficult to plan inventory flow with much precision.

Inventory Reduction 92

Inventory Reduction Inventory Retail Sourcing Strategies 92

Resilinc

JANUARY 19, 2022

While other car makers were shutting down factories because of the shortages, Toyota was nearly unaffected,” reported the Wall Street Journal in July 2021. Toyota’s competitive edge in supply chains was developed over a decade as it focused more on risk management and security of supply and less on efficiency and minimizing inventory costs.

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Price Reduction Cost Reduction Strategies 62

Supply Chain Matters

AUGUST 25, 2022

Supply Chain Matters reflects on an all too familiar challenge when conditions of excess inventory exist in supply chain planning, execution and customer fulfillment processes. . The presumption is that this inventory will be made available for this year’s holiday fulfillment period. Background.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Inventory Management Software 52

Unleashed

JUNE 5, 2023

But if you’re on a tight budget, or you only deal with a handful of SKUs, the modern perpetual inventory method may be a little heavy for your basic needs. What is a periodic inventory system? A periodic inventory system is a method of accounting for inventory in which stock updates are made periodically.

Inventory Management Software 52

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

PINC

MARCH 24, 2020

In an uncertain world where supply chain disruption is becoming a certainty, here’s how good inventory management enabled by automation can help companies gain the supply chain visibility they need to keep the wheels turning. ” Maintaining the Right Inventory Balance. “The impact is significant on the U.S. economy.

Supply Chain Software 100

Supply Chain Software Inventory Reduction Inventory Management Software Optimal Sourcing 100

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories.

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

SYSPRO Smarter ERP

DECEMBER 12, 2022

When an accounting transaction occurs, it is first recorded in the accounting system in a journal applying the same double-entry system that Luca Pacioli described more than 500 years ago. This journal updates the general ledger. When a transaction is processed in a sub-ledger, it is automatically allocated a sequential journal number.

Supply Chain Design Software 111

Supply Chain Design Software Predictive Analytics Software Supply Chain Planning Software System 111

Supply Chain Matters

SEPTEMBER 24, 2024

Many supply chain management case study curriculums include the notions of how this retailer initially pioneered “ fast fashion ” and extraordinary sales and inventory turnover. Leveraging practices of fast design coupled with localized production sourcing that is able to design and produce products in a matter of days.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design Supply Chain Planning Software 52

Veridian Solutions

MAY 28, 2019

Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net , the costliest problem is due in large part to poor inventory visibility and planning. What Are the Most Common Inventory Management Mistakes? Neglecting inbound processes.

Inventory Management Software 66

Inventory Management Software Inventory Reduction Inventory Management Optimal Sourcing 66

Enterra Insights

AUGUST 15, 2023

The so-called “retail apocalypse” was deepened by the pandemic, then came inventory overload and inflation. Transforming Inventory Management. Young observes, “[In recent years, retailers have experienced] product shortages and overstuffed inventories in rapidly changing consumer markets.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Optimization 130

Unleashed

JUNE 15, 2023

The Cost of Goods Sold formula is: Opening Inventory + Purchases + Production Costs – Closing Inventory = Cost of Goods Sold Below, we explain what the cost of goods sold (COGS) is, why it’s important for product businesses, and how to calculate COGS using the cost of goods sold formula. What is cost of goods sold?

Purchasing Skills 52

Purchasing Skills Negotiating Skills Examples Cost Reduction Strategies 52

Supply Chain Matters

JULY 6, 2022

Both Business Network CNBC and The Wall Street Journal , cited data from Cox Automotive indicating that sales of new vehicles in the U.S. According to reporting by The Wall Street Journal , the apparel maker is having to pay five times more in ocean container movements rates from pre-pandemic levels. billion to $1.9

Supply Chain Disruption 52

Supply Chain Disruption Inventory Reduction Examples Supply Chain Strategy 52

DAT Solutions

JULY 30, 2015

Jeff Tucker 's guest column in yesterday's Wall Street Journal pointed to the pivotal role of technology, including DAT Load Boards , in freight logistics today. Freight brokers consume data directly and they combine information from numerous sources, from the owners of capacity and the owners of cargo.

Logistics Network Optimization Software 70

Logistics Network Optimization Software Journal Predictive Analytics Software Supply Chain Software 70

Supply Chain Matters

AUGUST 15, 2022

According to published reports from both Bloomberg and The Wall Street Journal , the company will now source its hardware customer fulfillment needs to third-party logistics providers in an effort to reduce product delivery costs by up to half. Inventory Glut of Bicycles. over the coming months.

Inventory Reduction 52

Inventory Reduction Customer Service Price Reduction Cost Reduction Strategies 52

Supply Chain Matters

AUGUST 6, 2022

Inventory levels reportedly increased more than 33 percent during the quarter, a reflection of what was described as an aggressive buying strategy amid supply chain disruptions. At the time, Bloomberg cited sources indicating that U.S. For the full year, operating income was expected to decline by 13 percent. with upwards of 1.7

Inventory Reduction 83

Inventory Reduction Cost Reduction Strategies Report Supply Chain Design Software 83

Demand Solutions

MARCH 27, 2020

They're the teams responsible for forecasting inventory requirements, managing inventory replenishment functions and sourcing inventory from suppliers. Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

Atlanta 173

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy 173

NC State SCRC

DECEMBER 15, 2022

In today’s Wall Street Journal , I was interviewed regarding a case that was just filed against Amazon by a large robotics , claiming that the e-commerce giant backed away from promises made early in the Covid-19 pandemic to support the supplier with millions of dollars in new purchases.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Manufacturing Procurement 52

Supply Chain Matters

FEBRUARY 25, 2022

merchants held a total of nearly $643 billion in inventories, described as being below pre-pandemic level, while the closely watched inventory to sales remained near its lowest point in 30 years. West Coast ports currently averaging over 100 days, more inventory is sitting on ships and not able to be sold. All rights reserved.

Supply Chain Planning 40

Supply Chain Planning Inventory Manufacturing Procurement Supply and Demand 40

Enterra Insights

JUNE 22, 2021

Cassidy ( @WillB_Cassidy ), Senior Editor at The Journal of Commerce , writes, “US shippers and transportation providers need to start preparing now for a potentially destructive 2021 hurricane season along the East and Gulf coasts, according to digital freight marketplace Convoy. ” Journalists Jen A. .” 2] William B.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Supply Chain Strategy Modeling 130

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Should supply chain delays occur, companies can more easily identify the source of bottlenecks and take action to improve processes.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Supply Chain Matters

JUNE 9, 2023

That would include alternatives to China under the umbrella of China Plus sourcing. based companies had indicated in survey data and in concerted actions in termed China Plus sourcing strategies that either alternative, nearshoring, or reshoring efforts were being undertaken. We pointed out that in 2022, more U.S.

Manufacturing Procurement 52

Manufacturing Procurement Expense Reduction Cost Reduction Strategies Resource Reduction 52

ToolsGroup

DECEMBER 20, 2021

Image source: Bloomberg. Image source: American Journal of Transportation. Many importers operating with just-in-time (JIT) inventory couldn’t get hold of the parts they needed. . Macro Supply Chain Issues Caused a Ripple Effect. The Lack of Supply Chain Resilience, Exposed. But they’re primarily not new challenges.

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

SCMDOJO

FEBRUARY 19, 2024

– Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.). Figure-c: Evolution of Lean Six Sigma (source: Snee, R.D. – Six Sigma creates a link between tactical actions and strategic focus. . – Comparatively simple deployment tools. Hoerl, R.W.,

Six Sigma 98

Six Sigma Optimal Sourcing Continuous Improvement Agile and Lean Supply Chain 98

SCMDOJO

MARCH 25, 2022

Also, traditional logistics focuses its attention on activities such as procurement , distribution, maintenance, and inventory management. However, topics such as logistics, logistics, physical sourcing and supply chain management are not included in these courses. The 1950s – The Transportation Era. . Neil Southern, 2011).

Supply Chain Planning Software 138

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 138

Supply Chain Matters

JULY 29, 2024

Imports Peaked Earlier The Wall Street Journal reported ( Paid subscription ) on Tuesday of last week that U.S. retailers have been pulling forward their 2024 holiday fulfillment inventory needs as a hedge toward deepening global supply chain disruptions, geopolitical developments and rising freight rates. in April and 1.27

Shipping 52

Shipping Global Los Angeles Long Beach 52

BlueYonder

DECEMBER 9, 2021

According to the Wall Street Journal , U.S. Given this shift in consumer behavior, it has become important for retailers to offer the best inventory and sourcing information to shoppers. And lastly, all of this requires a single source of truth for all orders. back to in-person shopping.

Retail 90

Retail Real-time Visibility Purchasing Skills Procurement Analytics 90

Supply Chain Matters

JULY 19, 2023

According to reports by Bloomberg and The Wall Street Journal , the perceived weak Q2 number provides added evidence of muted retail sales, a degrading export market and a deepening property market slump. Generally muted global product demand levels and inventory overhang have not helped to spur growth of the country’s manufacturing sector.

China 52

China Manufacturing Procurement Supply Chain Strategy Cost Reduction Strategies 52

Supply Chain Matters

APRIL 30, 2024

Supply Chain Investment and Effects From a supply chain lens, the report points to a direct-to-consumer global supply chain process that subsequently increased liabilities that included the shifting of inventory storage and direct to consumer shipping costs from wholesalers and retailers to Nike itself.

Inventory Reduction 52

Inventory Reduction Price Reduction Vendor Strategies Cost Reduction Strategies 52

Supply Chain Matters

MARCH 6, 2024

According to a published report by The Wall Street Journal ( Paid subscription ), this asset light company has recently elected to transition its business model to an auto dealership based vehicle distribution model. The company reported a cash balance of slightly over $325 million at the end of 2023.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Supply Chain Planning Software Austria 52

Enterra Insights

JANUARY 6, 2022

turn to the technology for a wider range of operations, from inventory management to more personalized online search and shopping.”[3] Robust data analytics incorporating AI allow companies to bolster customer engagement, manage inventory, predict and reduce churn, and improve targeted promotional activity. Inventory turnover.

Optimal Sourcing 173

Optimal Sourcing Retail Optimization Software Analytics Software 173

Supply Chain Matters

JULY 15, 2022

Sourcing was both a cost as well as landed cost decision factor. The company lacked visibility to inbound inventory and a third-party logistics provider’s tracking systems were not aligned to Peloton ’s customer service support needs. The company’s inventory levels of unsold equipment have reportedly swelled to over $1 billion.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Supply Chain Matters

OCTOBER 7, 2022

The Wall Street Journal reported this week ( Paid subscription or metered view ), that fashion and apparel retailer Macy’s has managed to avoid the significant excess merchandise inventory levels that are challenging other retailers. We recommend that our readers have a view of this report.

Supply and Demand 52

Supply and Demand Inventory Reduction Demand Planning Software Retail 52

Talking Logistics

FEBRUARY 9, 2017

As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. Source: RevCascade website. Wal-Mart Stores Inc.

Supply Chain Network Software 150

Supply Chain Network Software Supply Chain Planning Software Shipping Supply Chain Software 150

Enterra Insights

MAY 4, 2020

From the outset, key lessons related to knowing the supply chain were at the forefront — not just the final link but key sources of supply related to materials, having contingency plans for interruption of supply, and understanding the capabilities and vulnerabilities of critical elements within the value chain.”[4]. ”[4].

Supply Chain Planning Software 173

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Strategy 173

Supply Chain Opz

JANUARY 3, 2022

The Supply Chain Revolution: Innovative Sourcing and Logistics for a Fiercely Competitive World Pros: This book will show you how to plan and execute sourcing strategies like the world's leading companies. Cons: It focuses heavily on sourcing or purchasing which is one function under integrated logistics management.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Optimal Sourcing Six Sigma Supply Chain Planning Software 130

Supply Chain Opz

SEPTEMBER 9, 2013

So they implement a very comprehensive risk management system and their risk mitigation strategies are low inventory level, flexible capacity and redundant suppliers. This also enables them to manage product quality more effectively due to the ease of control. 7) Establish Risk Management System : they realize that risks are the fact of life.

Supply Chain Transformation 257

Supply Chain Transformation Six Sigma Supply Chain Design Software Supply Chain Planning Software 257

Supply Chain Matters

MAY 17, 2024

In the recent quarter, inventory levels reportedly decreased $1.6 percent in inventory declines on an annual basis reported in the final quarter of the last fiscal year. Executives additionally indicated that one-third of the quarter’s revenue growth was derived from new sources of non-retail business such as advertising and data.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Inventory Reduction New Jersey 52