Supply Chain Shaman

MARCH 27, 2023

For example, real-time planning, end-to-end planning, control tower, integrated business planning (IBP), and digital brain are oxymorons while discussions on innovation bounded by a required ROI is a juxtaposition. How can I align the organization to a balanced scorecard through the visibility of options? The goal of a forecast?

Supply Chain Planning Software 318

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 318

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. Inventories increased by 44% due to supply chain volatility. Inventories grew year-over-year by 43%. Coming off a period of high growth, companies are struggling with margins and inventory. See the pattern?

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

ThroughPut

JUNE 5, 2024

Vendor-managed inventory (VMI) is a collaborative supply chain management strategy where the vendor (supplier) manages the inventory levels at the customer’s location. This management involves the vendor monitoring stock levels, forecasting demand, and replenishing inventory. How does VMI work? What is the purpose of VMI?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies 52

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. How can you assess the success of inventory management software?

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. By integrating supply chain data with business data, they can collaborate closely with their manufacturers in real time to respond to consumer demands and market trends. Take, for example, the retail industry.

Supply Chain Planning Software 148

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 148

Logistics Viewpoints

JUNE 19, 2023

However, AI’s inability to solve the very limited problem of ensuring that inventory is located in the right place in a warehouse suggests that planners don’t have to worry too much about job security. For fulfillment to be efficient, a warehouse needs the right inventory located in the right slots in a warehouse.

Supply Chain Design Software 239

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Optimization Software 239

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

QAD

JULY 1, 2021

Total manufacturing costs showcase how much your company spent to produce its inventory in a given period of time. This is not to be confused with the cost of goods manufactured (COGM), which refers to just the cost of inventory that was finished and prepared for the sale in the period. Notice that it’s direct materials.

Manufacturing Procurement 90

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 90

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

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

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

Unleashed

APRIL 29, 2024

Work in process (WIP) inventory is typically found in manufacturing environments where goods undergo various stages of processing before being sold or used. Tracking WIP inventory is important for monitoring production efficiency, identifying bottlenecks, and managing costs within the manufacturing process.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Inventory Expense Reduction 52

DELMIA Quintiq

MARCH 30, 2023

The widespread supply chain disruptions that happened when the global pandemic hit in 2020 highlighted several important lessons regarding manufacturing and supply chain visibility. The MCT provides centralized data management capabilities with near-real-time visibility in a unified view of the current conditions in factories and operations.

Manufacturing 156

Manufacturing Real-time Visibility Supply Chain Planning Software Industry 156

ShipBob

OCTOBER 4, 2023

How you manage your inventory is a key factor that determines the efficiency, accuracy, and overall performance of your ecommerce operations. It involves closely tracking your inventory levels to replenish your stock at the right time and maintain inventory accuracy. What is inventory reduction? Let’s get started.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

DELMIA Quintiq

JUNE 21, 2021

In this new, connected world, the Warehouse of the Future is about achieving key operational metrics and exceeding customer service requirements more profitably while supporting sustainability goals. These sensors can collect and transmit data in real time without human intervention.

Inventory Management Software 156

Inventory Management Software Optimization Software Supply Chain Planning Software Supply Chain Software 156

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

SYSPRO Smarter ERP

JUNE 19, 2023

However, for companies with extensive inventory and warehouse facilities, integrating a Warehouse Management System with their ERP system can bring additional value. A Warehouse Management System (WMS) plays a vital role in efficiently managing inventory within a warehouse. What is a Warehouse Management System?

Inventory Reduction 98

Inventory Reduction Resource Reduction Cost Reduction Strategies Inventory Management Software 98

QAD

JUNE 20, 2023

When these companies are looking for answers to problems or to actually determine what the real problem is, they seldom turn to people who might be able to help the most, the workers on the line. Operations and manufacturing managers always look at metrics on productivity, schedule adherence, downtime and other critical production data.

Optimal Sourcing 91

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 91

Clear Spider

OCTOBER 26, 2022

For many of these successful companies, a Vendor Managed Inventory (VMI) system is the secret to their enviable growth. To break it down, efficient supply chain and inventory management practices should do two things: minimize inventory costs and maximize profits. Why Vendor Managed Inventory? The Problem with Sales Data.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 52

Supply Chain Shaman

MARCH 5, 2019

Visibility. The most common use case for control towers is visibility. While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. Gaps in Enterprise Visibility. Gaps in Supplier Visibility. Considerations: Real-time?

Supply Chain Design Software 296

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 296

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Veridian Solutions

SEPTEMBER 9, 2019

Today’s warehouse managers need better inventory management strategies. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. Supply chain leaders should follow these key strategies for ways to improve inventory management. Amazon wants to take over the world.

Inventory Management Software 70

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 70

RFgen

JANUARY 23, 2023

Overview: What is mobile device inventory management? With so much information out there about inventory management best practices, it can be hard to determine what steps to take to make improvements. Mobile inventory systems are a proven “must-have” solution for enhancing materials management. bn through 2026. bn through 2026.

Inventory Management Software 52

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

Logility

AUGUST 25, 2020

in inventory write-down and 20% drop in stock value. Maybe, but what is certainly clear from the examples is that the complexity of modern supply chains requires better visibility into every phase of production and distribution. And better visibility requires data. Service Excellence. First contact resolutions. Item fill rate.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

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

Adexa

JULY 17, 2023

Even real-time decision making is being replaced with before-the-time decision making by predicting events. Improved visibility and transparency: Digital transformation enables real-time visibility across the entire supply chain network. Processes that used to take days can now be done in minutes.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Agile and Lean Supply Chain 98

Logility

JUNE 7, 2023

Accurate demand forecasts can empower a business to optimize its production schedules, manage its inventory efficiently, and minimize waste, which can lead to improved profit margins. Accurate demand forecasting allows for better inventory management, fewer stockouts, and shorter lead times.

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

IQMS

JULY 24, 2019

A common theme running through these conversations is the need for improved visibility and transparency of information. Data visibility and transparency helps drive quality, minimize late shipments, reduce inventory, improve customer satisfaction and much more. Using MES to Improve Visibility. Real-World Success.

Real-time Visibility 71

Real-time Visibility Optimization Software Supply Chain Planning Software Supply Chain Network Software 71

Unleashed

MARCH 26, 2023

If you’re running a product business and using Xero for your accounting, you’ll need to implement some form of inventory management. While the platform offers some inventory features of its own, many businesses will require something with greater functionality. Do you need integrated Xero inventory software?

Inventory Management Software 52

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

ThroughPut

AUGUST 12, 2024

This is where advanced demand sensing software can make a difference: It leverages real-time data to predict short-term demand, enabling quicker responses to market changes. But real-time insights? That’s why it fails when it comes to sensing near-term and real-time demands. Data integration?

Supply and Demand 52

Supply and Demand Demand Planning Software Prescriptive Analytics Software Supply Chain Planning Software 52

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

ThroughPut

APRIL 30, 2024

The platform offers real-time visibility into demand and market fluctuations, enabling users to respond with agility and maintain resilience under changing market conditions. Blue Yonder: Comprehensive Supply Chain Planning Solutions Blue Yonder is an omnichannel planning platform that enables order fulfillment.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Unleashed

JUNE 7, 2023

Inventory optimisation is the process that enables efficient inventory management. In this guide, we define inventory optimisation and offer a few actionable tips and strategies for getting it right every time. In this inventory optimisation guide: What is inventory optimisation?

Inventory Management Software 52

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

ShipBob

FEBRUARY 25, 2022

This involves keeping track of critical distribution metrics such as how many orders were shipped out on time because this is vital to determine how efficient their processes are, how satisfied customers will be, and whether they need to make improvements. The OTIF metric isn’t just for measuring delivery performance.

Optimal Sourcing 52

Optimal Sourcing Real-time Visibility Procurement Analytics Supply Chain Planning Software 52

RFgen

AUGUST 30, 2024

Moreover, the lack of real-time visibility into inventory often results in workers spending excessive time walking through large warehouses searching for stock, increasing both physical and mental stress. Inventory control specialists They focus on tracking and managing warehouse inventory levels.

Inventory Reduction 73

Inventory Reduction Cost Reduction Strategies Material Savings Price Mitigation Strategies 73

GlobalTranz

JUNE 1, 2018

Performance metrics can be used to provide real-time feedback, which helps keep employees motived and focused on continuous improvement. Greater accountability into inventory reduces the risk of theft, which is estimated to cost the industry up to $80 billion each year. Improving network-wide inventory visibility.

Supply Chain Design Software 184

Supply Chain Design Software Supply Chain Planning Software Optimization Software Forecasting Software 184

Silvon Software

AUGUST 8, 2022

And for many, it’s a struggle to use this data to generate meaningful insights beyond top-level metrics. Leverage real-time data for greater visibility. Supply chains also have the added complexity of numerous other data sources being generated from extended partners in outsourcing, logistics, and distribution.

Analytics Software 80

Analytics Software Supply Chain Planning Software Predictive Analytics Analytics 80