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. But manufacturers are unique. What is Manufacturing Inventory Control? What is Manufacturing Inventory Control? Do you have whiplash yet?

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

Kinaxis

SEPTEMBER 3, 2014

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. This significantly changes the supply chain picture and must be considered in terms of additional safety stock requirements (which will drive up inventories) and your order promise policies.

Supply Chain Design 263

Supply Chain Design Supply Chain United States Manufacturing 263

Logility

MAY 10, 2022

Smart inventory allocation and deployment starts with the right digital supply chain platform. For most businesses, the past two years have been a much-needed teaching moment on the state of their inventory planning, tracking, and management capabilities. Decades-old, tried-and-true rules ?

Optimal Sourcing 173

Optimal Sourcing Optimization Software Inventory Reduction Supply Chain Planning Software 173

Supply Chain Shaman

NOVEMBER 21, 2023

I worked three layers down in the organization for a well-established leader in manufacturing named Dan. Dan had a very manufacturing view and Fred focused on logistics. In the early 1980s, As a result, we did not have a perpetual inventory signal. As a result, inventories ballooned after the DRP implementation.

Supply Chain Planning Software 357

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 357

Supply Chain Shaman

DECEMBER 7, 2023

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Interestingly, in Q3 2023, 38% of manufacturers, distributors and retailers missed their target for revenue guidance for the quarter. The result was restatement.

Supply Chain Design Software 333

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 333

ToolsGroup

NOVEMBER 13, 2018

In this post we’ll explore how probabilistic forecasting not only creates better forecasts, but also improves inventory optimization by improving the stock levels at store and warehouse locations in your distribution network. Inventory optimization (IO) systems can then use this information to better identify the optimal inventory targets.

Forecasting 159

Forecasting Forecasting Software Optimization Software Supply Chain Optimization 159

Enterra Insights

JUNE 22, 2022

Financial writer Emma Kerr ( @emmarkerr ) explains, “Inflation is caused by factors like pressures on the supply or demand side of the economy, money supply policies and even consumer expectations.”[1] The irony of excess inventory. Excess inventory was also caused by the Bullwhip Effect.

Inventory Reduction 130

Inventory Reduction Inventory Prescriptive Analytics Software Inventory Management Software 130

Supply Chain Shaman

SEPTEMBER 20, 2015

How will the policy be executed? Today, there is not a well-defined template on how to build and operate a supply chain defined by customer policy and segmentation strategy. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Inventory Reduction Modeling 111

ToolsGroup

JULY 19, 2023

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. In short, they help users make better decisions, much faster, resulting in improved financial performance, inventory efficiency, and customer satisfaction. Get the insights you need.

Real-time Visibility 295

Real-time Visibility Supply Chain Planning Software Modeling Scenario Planning 295

Kinaxis

NOVEMBER 19, 2014

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #6 Not effectively managing inventory. In addition to losing customers like me, those mistakes result in bad data that cost manufacturing companies millions of dollars.

Supply Chain Planning Software 255

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Forecasting 255

Supply Chain Shaman

DECEMBER 30, 2021

In addition, the terminal operators changed policies for chassis ownership which complicated unloading. Manufacturers build “control towers” but there no network dial tone between parties to enable prescriptive analytics and alerting.). Get Good at Inventory Management. Each technology provider operates in isolation.

Supply Chain Design Software 452

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 452

Logility

AUGUST 17, 2021

Managing consumer packaged goods inventory is challenging at the best of times, and it can be debilitating during times of local or international disruption. An advanced inventory planning and optimization solution allows these companies to set and maintain precise stock targets across a global network. Robust Inventory Management.

Modeling 130

Modeling Inventory Reduction Supply Chain Optimization Packaging 130

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. Go to the source.

Supply and Demand 402

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 402

Logistics Viewpoints

MAY 5, 2022

With COVID-19 inspired Global policies in place, day-to-day routines for industries on a global scale had to change how they operate within the supply chain sector. gained immense popularity) or health care, manufacturing employment has decreased?nearly The Labor Shortage Effects on Supply Chain. As the pandemic continued and?

Real-time Visibility 260

Real-time Visibility Supply Chain Software Los Angeles Demand Planning Software 260

ToolsGroup

APRIL 12, 2019

Too many companies get locked into traditional processes and a familiar vicious cycle: unable to reliably forecast an increasing number of SKU combinations, they load up on inventory to accommodate long-tail, erratic demand. achieving the same overall customer service level objective with far less inventory expense. percent, etc.,

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 227

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. Business continuity continues to be a risk for many retailers and manufacturers. My take away?

Supply Chain Planning Software 243

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

Logistics Viewpoints

OCTOBER 30, 2023

Executives must have the fortitude to make changes in the operating policies and the network infrastructure that may affect the lives of employees. I recently talked to a former executive at a global automotive manufacturer. Further, these projects are not for the faint of heart. This supply chain spanned across 24 nations.

Vendor Strategies 312

Vendor Strategies Cost Reduction Strategies Modeling Inventory Reduction 312

Logistics Viewpoints

AUGUST 5, 2021

On our budget then, this felt like a fortune and fueled my interest in energy policy. Pharmaceutical manufacturer Amgen built a new biomanufacturing plant in Singapore that uses 70% less carbon than traditional facilities. Reducing inventory saves money but also reduces waste, because obsolete inventory becomes another problem.

Supply Chain Planning Software 322

Supply Chain Planning Software Sustainability Material Savings Supply Chain Planning 322

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

Logility

OCTOBER 29, 2021

With the right technology, process manufacturing strategy, planning, and management can be simplified. Manufacturers have been through a trial by fire with supply chain disruptions and changes in demand during the past two years. 4 Digital Solutions That Address the Top Challenges for Process Manufacturers.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

Logistics Viewpoints

JULY 22, 2021

The process as is implemented in many companies focuses on balancing demand and supply based on preestablished rules and policies that serve as guardrails for the planning process. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks. One off recommendations are made about facility locations (i.e.,

S&OP 284

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 284

Kinaxis

OCTOBER 1, 2014

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Conflicts, government policy changes, regulatory changes and coups can mean that supply is suddenly turned off or that a market is no longer available. Comment back and let us know!

Supply Chain Risk Management 255

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Design Software 255

Logility

AUGUST 12, 2021

But there is good news: a convergence of process, data, and technology provides the real-time and predictive visibility needed to optimize supply chain planning, ensuring food manufacturers can build resilience now and for the future. Advanced Inventory Management. Preparing for Market-Driven Demand.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Scenario Planning 130

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

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

Kinaxis

JUNE 15, 2015

by Andrew Dunbar So you’re an inventory manager, and your CFO just asked you to reduce inventory by 10% before year end to free up some capital for next year’s big investment in R&D. But then you look at historical trends and see that lately, your inventory has been growing by 3% each quarter.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Reduction Inventory 100

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

A survey conducted earlier this year by IDC Manufacturing Insights across Asia Pacific manufacturers found that organisations are currently focusing ESG efforts related to environmental sustainability on the following (1) : Energy efficiency requirements of products and operations. Sustainable Transformation Requires Digitalisation.

Resource Reduction 243

Resource Reduction Supply Chain Design Software Resources Sustainability 243

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.

Inventory Reduction 156

Inventory Reduction Material Savings Inventory Cost Reduction Strategies 156

Supply Chain Shaman

JUNE 29, 2022

The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. We can no longer assume that government policy is rational, variability is low or logistics are available. These core assumptions are no longer true. This reset is not an evolution.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

Enterra Insights

AUGUST 1, 2019

Every supply chain professional understands inventory is a necessary evil. Carry too little inventory and you can miss out on sales and anger customers. Carry too much inventory and you increase handling costs and cut into profits. The inventory optimization challenge. ”[2]. ”[2].

Optimal Sourcing 124

Optimal Sourcing Modeling Inventory Reduction Supply Chain Optimization 124

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

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Forecasting 105

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 105

Supply Chain Shaman

JUNE 6, 2013

More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies. The executive focus should be on the output of strategic planning into the tactical process of S&OP.

Supply Chain Planning Software 283

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 283

SYSPRO Smarter ERP

OCTOBER 4, 2021

The pandemic pushed manufacturers and distributors to rapidly shift gears, from addressing work-from-home policies to managing extreme swings in demand and uncertain supply chains. A 2020 SYSPRO survey showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic.

Manufacturing Procurement 119

Manufacturing Procurement Distribution Sourcing Strategies Manufacturing 119

Logistics Viewpoints

OCTOBER 31, 2022

Among other things, ZF manufactures electrified powertrains, car chassis technology, active and passive safety systems, and advanced driver assistance systems. ZF offers product and software solutions for established vehicle manufacturers and newly emerging transport and mobility service providers. The ZF supply chain is complex.

Agile and Lean Supply Chain 261

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Lean 261

Supply Chain Shaman

MARCH 9, 2020

With the downturn in the financial markets, the looming recession, and the fundamental shifts in demand—less travel and stay at home work policies—demand is changing. Simplistic thinking of trading-off customer service, inventory and cost became much, more complicated with the shifts in asset strategies. Presentations are hand-picked.

Supply Chain Design Software 325

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 325

SYSPRO Smarter ERP

AUGUST 1, 2022

Ongoing challenges in the supply chain, such as shortages caused by increased demands and the shutting down of some factories, continue to affect manufacturing businesses even to this day. A Bill of Materials (BOM) is a comprehensive list of all the items needed to manufacture a product. However, BOM offers more value.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Material Savings Manufacturing Procurement 111