Procurement Academy

SEPTEMBER 26, 2024

So you’ve invested in your workforce, you’ve introduced training and development plans , but now you want to know exactly how effective these initiatives really are… Training and development is so important in the modern supply chain and procurement industry, but being able to measure and show the results of it is just as vital.

Buyer Training 52

Buyer Training Price Mitigation Strategies Purchasing Training Training 52

Logility

JULY 30, 2024

Continuous network optimization recognizes that supply chains are complex organisms. Continuous network optimization creates an environment where supply chain planning operates at the next level. These changes are phased into execution by synchronizing data from changes in demand, inventory, and supply planning systems.

Network Optimization Software 182

Network Optimization Software Network Optimization Modeling Supply Chain Network Software 182

GlobalTranz

JULY 1, 2021

Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events. Why Monitor Transportation Metrics. Transportation metrics provide visibility that helps drive operative and competitive advantages.

Metrics 315

Metrics Transportation Vendor Strategies Logistics Network Optimization Software 315

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

Enchange Supply Chain Consultancy

JULY 3, 2024

Catalyst Phase Overview The Catalyst Phase is the execution stage where the selected distributor(s) are integrated into your distribution network and the strategies developed during the blueprint phase are put into action. Track metrics such as sales volume, market share, inventory levels, and customer satisfaction.

Inventory Reduction 204

Inventory Reduction Supply Chain Planning Software Material Savings Price Mitigation Strategies 204

ToolsGroup

JUNE 2, 2023

Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. And that’s where real-time perpetual inventory signals come in. Plus, accurate inventory information is the key to optimal decision-making.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

SCMDOJO

JUNE 11, 2024

The SCMDOJO Logistics Management Track is your ultimate logistics training pathway. Let’s explore why our logistics training is unique, what’s included in our logistics pathway, and how you can get started today. Watch 6 Key Metrics to Include in Your Logistics Dashboard on SCMDOJO YouTube Channel!

Buyer Training 97

Buyer Training Price Mitigation Strategies Training Logistics Network Optimization Software 97

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. Ready to turn your inventory from a headache into a strategic asset?

Inventory Management Software 68

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 68

RFgen

NOVEMBER 20, 2024

Think about it: How much time is wasted hunting down misplaced inventory? These include: Barcode Scanning Devices: These handheld devices, equipped with integrated inventory management apps, enable real-time tracking and data entry. Think real-time inventory visibility across all your locations.

Inventory Reduction 80

Inventory Reduction Inventory Management Software Waste Reduction Cost Reduction Strategies 80

Unleashed

APRIL 18, 2023

Great inventory management comes down to good systems, good processes, and constant improvement. The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. The metrics that underpin MRP could be described as the balls in this juggling act. This article takes an in-depth look at the crucial metrics every supply chain professional needs to know.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 98

QAD

JUNE 25, 2019

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Managing an Inventory Investment. Using Metrics to Measure the Health of the Business.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

ToolsGroup

JANUARY 22, 2020

In my decades of working in replenishment and inventory optimization, I’ve noticed that many companies seek solutions to symptoms rather than the underlying problem. They want to have an aging report for inventory or a report on vendor performance. Let’s examine the first: inventory aging reports.

Optimization Software 199

Optimization Software Inventory Reduction Forecasting Software Supply Chain Planning Software 199

Supply Chain Shaman

FEBRUARY 26, 2024

In today’s training class, we focused on determining the balanced scorecard. 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. Analyze inventory health.

Modeling 208

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 208

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. trillion parameters.

Optimal Sourcing 222

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 222

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. Implementing inventory optimization. It’s certainly no walk in the park.

Optimal Sourcing 196

Optimal Sourcing Supply Chain Optimization Network Optimization Inventory Reduction 196

Supply Chain Shaman

NOVEMBER 21, 2024

Yawn and walk on if the answer is i mproving demand error or reducing inventory levels. Agents: Robotic agents, agent-based optimization, and chatbots formulate suggested actions from query, market shifts, or exceptions. How do I train and maintain the logic?” How do you know you have a better outcome or decision?”

Supply Chain Planning Software 195

Supply Chain Planning Software Modeling Software Modeling Supply Chain Network Software 195

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

RFgen

JULY 31, 2024

Inventory and warehouse performance are powerful, often underappreciated, tools for boosting customer satisfaction and increasing profitability. Effective inventory and warehouse management directly impact a business’s ability to meet customer expectations by ensuring timely deliveries, accurate order fulfillment, and reduced errors.

Inventory Reduction 69

Inventory Reduction Inventory Management Software Supply Chain Planning Software Optimization Software 69

Logistics Viewpoints

JUNE 1, 2021

Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. So optimizing the promotion process leaves everyone involved better off. Why should we consider Promotion Planning in Inventory Management?

Inventory Management Software 210

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 210

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. How do you calculate Average Inventory?

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Logistics Viewpoints

FEBRUARY 3, 2022

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?

Inventory Reduction 317

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 317

ToolsGroup

JANUARY 30, 2024

Optimize inventory productivity across all channels with JustEnough v2023.4 we have advanced our wholesale planning capabilities so that users can explicitly address key planning functions needed to fully optimize inventory productivity. Wholesale channels are no longer a backup channel for retailers.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 156

Logistics Viewpoints

NOVEMBER 20, 2024

For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supply chain strategies is essential. Meanwhile, advances in AI-driven route optimization reduce unnecessary mileage, cutting emissions and costs. Reducing carbon emissions is a cornerstone of this effort.

Waste Reduction 198

Waste Reduction Sustainability Supply Chain Design Software Resource Reduction 198

SCMDOJO

AUGUST 10, 2024

To optimize operations, reduce costs, and minimize environmental impact, a multifaceted approach is required. This article explores key strategies for enhancing logistical efficiency and thus improving profitability and reducing cost. Backloading: Optimizing vehicle utilization through backhauling is key to logistical efficiency.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Strategies Resource Reduction Inventory Reduction 98

Valogix

MAY 1, 2023

But they fall short of providing inventory optimization and rationalization. Achieving a well-balanced, efficient inventory is no small task as supply chain complexity is ever increasing. Understanding and using some basic financial and accounting methods with an advanced inventory optimization solution will help get you there.

Metrics 52

Metrics Inventory Supply Chain Planning Software SAP 52

Logility

MAY 22, 2020

The obvious danger of this is that business rules and data governance often don’t exist from department to department or user to user, leaving an overall picture into the health of the business that is foggy because KPIs and metrics do not correlate across the organization. A great example of this comes from a Logility customer.

Analytics Software 148

Analytics Software Metrics Supply Chain Design Software Supply Chain Software 148

Logility

AUGUST 5, 2021

This means routinely bringing together the C-suite, finance, supply chain, manufacturing, sales and marketing teams so everyone is seeing, working from and agreeing to an aligned plan that achieves optimal business outcomes. For example: Verify your strategy. Answer: you review KPIs, current and trended. What are your long-term goals?

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

Logistics Viewpoints

MAY 19, 2022

The trade with Asia we take for granted today was only possible by mitigating a significant supply chain trade-off – reducing costs without appreciable impacts to quality and service. Supply chain optimization has also improved in significant ways that can address these trade-offs better than before.

Optimal Sourcing 260

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 260

Logility

FEBRUARY 7, 2023

Avert crises and manage your supply chain more efficiently with optimized allocation of constrained supply. In support of your strategy, you need solutions that help you rapidly address shortages and avert crises. It could be used to make sure everyone gets roughly the same amount of inventory.

Optimal Sourcing 141

Optimal Sourcing Optimization Software Supply Chain Optimization Price Mitigation Strategies 141

SCMDOJO

OCTOBER 23, 2024

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? An effective strategy is required to know exactly the need for stock-ups. What is Inventory Management? What is the actual demand?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

ShipBob

DECEMBER 13, 2023

The success of any ecommerce business depends greatly on how it manages its inventory health. Now, for some, inventory health may not be an immediate concern. You might say, “I’ll just order plenty of inventory and wait until it sells out.” What is inventory health?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

SCMDOJO

FEBRUARY 20, 2023

Therefore, evaluating performance and creating a comprehensive digitalization strategy are essential for a distributor’s success. To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below.

Inventory Reduction 119

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 119

Silvon Software

APRIL 8, 2022

Controlling and optimizing the production process while keeping maintenance costs in check are essential elements of positive growth. Manufacturing KPIs or metrics are well-defined measurements to monitor, analyze and optimize production processes regarding quantity, quality and cost. Every KPI needs a clearly defined goal.

Optimal Sourcing 119

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 119

ThroughPut

AUGUST 8, 2024

Overview You’ve been there time and again—inventory headaches. 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. Inventory management tools, on the other hand, don’t face these particular issues.

Inventory Management Software 52

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

Logility

SEPTEMBER 12, 2024

Retailers are leveraging cloud-based platforms to optimize inventory management and enhance customer engagement. Brands are better equipped with the full transparency and real-time insights needed to comply with safety regulations and optimize their production and distribution processes. Take, for example, the retail industry.

Supply Chain Planning Software 196

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 196

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. By managing the flow and storage of goods, logistics allows a company to optimize operations. Email Address.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104