ToolsGroup

JANUARY 21, 2025

Returns Management and Integration With 35% of online purchases being returned, predominantly to physical stores, retailers are grappling with the ripple effects on inventory management. Early adopters of these integrated platforms report significant improvements in inventory turnover and reduction in stockouts.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Software Inventory Reduction Price Reduction 156

RFgen

DECEMBER 4, 2024

In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times. We’ll examine the key components of efficient supply chains, explore essential performance metrics, and uncover the fundamental drivers that influence efficiency.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96

RFgen

NOVEMBER 20, 2024

Think about it: How much time is wasted hunting down misplaced inventory? By replacing manual, paper-based processes with digital tools, you can transform your warehouse into a highly efficient, accurate, and connected operation. Think real-time inventory visibility across all your locations.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Waste Reduction Cost Reduction Strategies 98

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. For example, I get many requests for business intelligence (BI) tools; mostly because they want to monitor symptoms. 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

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Now, let’s take consumer products. What can we learn?

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

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

My Office Apps

OCTOBER 21, 2024

What is Vendor Relationship Management (VRM) and Why It’s Essential for Your ERP and Inventory Software? Strong vendor relationships are critical for business success, especially when it comes to managing inventory and procurement. Why is Vendor Relationship Management Important? Why is Vendor Relationship Management Important?

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

Taulia

DECEMBER 6, 2024

How are companies rethinking their liquidity management strategies in response to the recent degradation across major working capital metrics? In the wake of economic uncertainty, many companies have experienced a degradation in key working capital metrics.

Inventory Reduction 52

Inventory Reduction Forecasting Software Supply Chain Planning Software Optimization Software 52

SCMDOJO

OCTOBER 30, 2024

The MTSS platform plays a pivotal role in this process by offering sophisticated tools that facilitate the customization of educational experiences. For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs.

Supply Chain Planning Software 97

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 97

Supply Chain Shaman

NOVEMBER 21, 2023

In the early 1980s, As a result, we did not have a perpetual inventory signal. Without a perpetual inventory signal, we were never synchronized on where to place customer orders. As a result, inventories ballooned after the DRP implementation. The metrics were not aligned. I also ran three outside warehouses.

Supply Chain Planning Software 357

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

ToolsGroup

MARCH 1, 2018

Employing machine-learning based forecasting tools, retailers can predict potential sales at the front-end of the assortment planning process. Yet paradoxically retailers front-load inventory to the store, under the belief that goods must be on the shelf to sell. The analogy is pruning a garden. Engineer Profit.

Inventory Reduction 189

Inventory Reduction Retail Inventory Supply Chain Planning Software 189

RFgen

JANUARY 16, 2025

That’s where manufacturing inventory management software comes in. In this ultimate guide, we’ll break down everything you need to know about manufacturing inventory management software. Its your single source of truth for inventory, constantly updated and readily available.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Supply Chain Planning Software Optimization Software 52

Logistics Viewpoints

MARCH 27, 2025

A disruption at any point in the global logistics network including the average of 12 touch points from shipment packaging to final delivery can prove disastrous for profits, service levels, customer loyalty, and other key metrics. With the global e-commerce market predicted to reach $8.1

Supply Chain Planning Software 151

Supply Chain Planning Software Supply Chain Network Software Logistics Network Optimization Software Predictive Analytics Software 151

Enchange Supply Chain Consultancy

JULY 3, 2024

Ensure they have the necessary inventory, marketing materials, and training to effectively introduce your products to the market. Internal Perspective: Performance Monitoring: KPIs and Metrics: Establish key performance indicators (KPIs) to monitor distributor performance. Encourage continuous learning and improvement.

Inventory Reduction 260

Inventory Reduction Supply Chain Planning Software Material Savings Price Mitigation Strategies 260

Logistics Viewpoints

FEBRUARY 16, 2021

According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. Achieving their goal of no stockouts is impressive, but that they did so without significant buffering with inventory is a testament to the combination of transparency and agility.

Supply Chain Visibility 329

Supply Chain Visibility Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning 329

Logistics Viewpoints

JULY 10, 2024

Supply chain resilience refers to planning for things that could go wrong and then creating inventory buffers or contingency plans. SCP solutions provide a solid ROI based on hitting targeted service levels with less raw material, work-in-process, or finished goods inventory. This would be a three-way tradeoff.

Supply Chain Planning Software 316

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 316

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

Logistics Viewpoints

JULY 23, 2024

Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g.,

Optimal Sourcing 307

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 307

Supply Chain Shaman

DECEMBER 23, 2014

Get Good at Having a Real-time Perpetual Inventory Signal. Foundational for ecommerce is a real-time perpetual inventory (PI) signal. If you are going to be excellent at ecommerce fulfillment, you need to have great perpetual inventory capabilities. No matter where inventory is, put it to work. Don’t fool yourself.

Packaging 292

Packaging Inventory Reduction Supply Chain Design Software San Francisco 292

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. This helps in optimizing inventory management as well as in making the warehouse safer while increasing visibility.

Inventory Management Software 156

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

Logistics Viewpoints

FEBRUARY 2, 2023

This article explores two such ways modern digital tools can elevate the performance of 3PLs on the way to creating stickier customers. Where customers gain the ability to make informed decisions based on improved visibility into their inventory, 3PLs can reduce their cost of service, while simultaneously enhancing productivity and profits.

Supply Chain Planning Software 273

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 273

Logistics Viewpoints

JUNE 22, 2023

Ultimately it allows the measurement of a business’ ability to deliver on their promise while capturing the highest gross margin on their inventory investment. Suppliers, inventory visibility, and other variables beyond direct control can influence OTIF. How can an OMS help improve OTIF?

Supply Chain Software 260

Supply Chain Software Real-time Visibility Modeling Software Optimization Software 260

RFgen

DECEMBER 19, 2024

By maximizing space utilization, improving inventory control , and boosting workflow efficiency, you can unlock significant cost savings and elevate your customer service game. Essential technology solutions, including Warehouse Management Systems (WMS), Inventory Management Systems (IMS), and the transformative power of IoT and automation.

Optimal Sourcing 97

Optimal Sourcing Optimization Software Waste Reduction Inventory Reduction 97

RFgen

DECEMBER 5, 2024

Keeping up with customer demands, managing inventory, and making sure everything runs smoothly — it’s a lot to handle. Must-have features, like real-time inventory tracking and barcode scanning. These tools streamline processes, improve accuracy, and empower your team. There’s a better way.

Inventory Management Software 97

Inventory Management Software Supply Chain Design Software Optimization Software Supply Chain Planning Software 97

SCMDOJO

JUNE 6, 2023

With the right supply chain tools at your disposal, you can streamline operations, boost productivity, and save valuable time. In this article, we will explore six of such supply chain tools that will revolutionize your workflow, ultimately saving you up to 30 hours of valuable time!

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 105

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

SCMDOJO

JANUARY 29, 2025

They are powerful tools for businesses to identify areas for improvement, optimize processes, and gain a competitive edge. However, identifying and addressing slow-moving and obsolete inventory is necessary to prevent capital from being tied up in unproductive assets. What are Supply Chain Reports?

Inventory Reduction 98

Inventory Reduction Negotiating Skills Cost Reduction Strategies Waste Reduction 98

RFgen

DECEMBER 19, 2024

While those tools still have their place, weve largely moved to sophisticated automated systems. Modern data collection is fundamentally supported by advanced specialized sensors that serve as the primary tools for gathering various metrics in manufacturing environments. Remember clipboards and spreadsheets?

Manufacturing Procurement 98

Manufacturing Procurement Optimization Software Supply Chain Planning Software Inventory Reduction 98

Supply Chain Shaman

JUNE 16, 2014

Despite two decades of advancement in supply chain technologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear.

Supply Chain Design Software 288

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 288

Supply Chain Shaman

OCTOBER 29, 2014

The implementation of decision support tools needs to be a way of life. It is tough for me to see that nine out of ten companies are stuck, and not making progress, at the intersection of operating margin and inventory turns. In addition, I am now done with the page proofs for my new book, Metrics that Matter.

Supply Chain Planning Software 320

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 320

ToolsGroup

AUGUST 20, 2019

Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. versus $4.84 per $1000 of revenue).

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

ToolsGroup

JANUARY 30, 2024

Optimize inventory productivity across all channels with JustEnough v2023.4 The challenge for retailers is that many planning tools treat wholesale as just another channel, missing the nuances that effective wholesale planning requires. Wholesale channels are no longer a backup channel for retailers. In our latest release, JE 2023.4,

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 156

SCMDOJO

OCTOBER 15, 2024

After all, it is not just a tool to streamline the cash process but it inevitably contributes to the growth of the business. The Cash Conversion Cycle greatly impacts businesses that deal with inventories. It is a useful tool for determining the holistic status of the financial aspects of the company.

Inventory Management Software 98

Inventory Management Software Optimization Software Negotiating Skills Supply Chain Software 98

RFgen

JANUARY 8, 2025

In healthcare, efficient inventory management is paramount to patient safety. Modern medical inventory software offers a transformative solution, moving beyond outdated methods like spreadsheets and manual counts to provide real-time visibility and automated alerts.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Optimization Software Supply Chain Planning Software 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 97

Inventory Reduction Inventory Management Software Supply Chain Planning Software Optimization Software 97

Supply Chain Shaman

JUNE 7, 2018

When we study 600 public companies by peer group, at the intersection of inventory turns and operating margin, only 5% drive improvement. In today’s supply chain, these traditional assumptions are usually false; yet, we try to use old-fashioned tools to drive better decisions without testing the output of the systems. Moving Forward.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 235

Supply Chain Shaman

AUGUST 12, 2020

The first step was to charter a research project with the Arizona State University statistics department to analyze which combination of metrics drives the highest market capitalization. The research project analyzed 1200 combinations of 180 metrics for four hundred companies for the period of 2010-2012. The result? The reason?

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243