ToolsGroup

OCTOBER 25, 2022

Today the stakes are even higher , with the ever-present ghost of disruption rattling supply chains around the world. Read on to learn about: Seasonal Inventory and Its Application Across Industries. Benefits of Effective Seasonal Inventory Management. Understanding Seasonal Inventory and Its Implications Across Industries.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

AB&R

NOVEMBER 20, 2023

The pandemic accelerated the Buy Online Pick Up in Store (BOPIS) model, which accounted for $72 billion in purchases in 2020, having greater inventory accuracy grew ever more important. When Walmart first attempted RFID, distributors kept the EPC-tagged items separately from the rest of their inventory. HAVE QUESTIONS?

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

ToolsGroup

JANUARY 30, 2018

The next step is to accurately predict the uplift from baseline expected to be generated by the promotion so that supply chains can optimize inventory to properly support the promotion. But two-dimensional spreadsheets, however transparent, are incapable of handling the many different variables and data sources involved.

Forecasting 184

Forecasting Forecasting Software Supply Chain Planning Software Analytics Software 184

ToolsGroup

APRIL 20, 2022

Sarah Voorhees, VP of Demand and Inventory Planning at American Tire Distributors , is one such leader who emphasizes the importance of individual check-ins: A 1:1 conversation can be intimidating, though, especially if the person has sensitive concerns. Source: Fortune. #3: Source: Fortune. But it doesn’t have to.

Sourcing Strategies 194

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 194

Logistics Viewpoints

NOVEMBER 4, 2024

We are no longer just forecasting demand but also when trucks and factory machinery are likely to break down ( predictive maintenance ), the optimal amount of inventory to hold and where it should be held ( inventory optimization) , and labor forecasting in the warehouse. The computer is then presented with those images.

Supply Chain Planning Software 284

Supply Chain Planning Software Modeling Optimal Sourcing Supply Chain Design Software 284

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 83

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 83

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 98

Supply Chain Shaman

FEBRUARY 26, 2024

On Friday, I presented an overview of outside-in planning to a consulting group. I love the questions when I present. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency. Using network design technologies calculate the form and function of inventory.

Modeling 208

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 208

Logility

MARCH 21, 2024

AI has presented challenges and opportunities for business leaders seeking to leverage its potential across their organizations to improve efficiency and increase profitability. Capabilities of GenAI show the user the data source that corresponds to the answer for each question the user asks.

Optimal Sourcing 222

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 222

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

Logistics Viewpoints

FEBRUARY 14, 2024

It’s human nature to want to start a new year with new goals—the ever-present new year’s resolutions. Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent.

Supply Chain Planning Software 280

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 280

Talking Logistics

APRIL 25, 2018

Now there are new technologies that enable us to collect data in real time from sources such as the Internet of Things and smart devices through B2B networks. The post Supply Chain Visibility: Past, Present, and Future appeared first on Talking Logistics with Adrian Gonzalez. More Focus on Improving the Customer Experience.

Supply Chain Visibility 101

Supply Chain Visibility Real-time Visibility Supply Chain Software Supply Chain Network Software 101

Logistics Viewpoints

DECEMBER 14, 2023

Now more than ever, organizations must prepare their supply chain for the present and the unknown challenges and opportunities in the future. Doing so helps organizations detect market shifts and makes supply chain decisions more forward-looking than an analysis of the past, present, and at best, a tactical view of the future.

Supply Chain Design Software 264

Supply Chain Design Software Optimal Sourcing Modeling Supply Chain Planning Software 264

Unleashed

APRIL 25, 2023

Due to the high volume (and often, high value) of B2B customer orders, inventory management presents several unique challenges for manufacturers and wholesalers. This B2B inventory management guide breaks down those challenges and outlines the core benefits and key features to look for in reliable B2B software.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 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. 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

Logistics Viewpoints

JANUARY 11, 2024

If you can’t see what’s truly going on at any moment in time across your supply chain, you’ll make yourself vulnerable to lost opportunities, lost income, lost inventory, lost shipments, and eventually, lost customers. Our mission and core values are the foundation of our culture and guiding source in our interactions. So, what next?

Supply Chain Planning Software 262

Supply Chain Planning Software Supply Chain Network Software Analytics Software Forecasting Software 262

ToolsGroup

JULY 26, 2022

Prestigious award presented by Microsoft at the Inspire event. Each year, Microsoft presents the MS Partner Awards to partners who have excelled throughout the year, both in results and collaboration with Microsoft. It was announced at Inspire 2022, the annual event dedicated to the Microsoft partners ecosystem.

ToolsGroup 156

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Software 156

Logistics Viewpoints

JUNE 21, 2023

In fact, pressures are very similar with warehouse labor cost inflation, labor shortages, and inventory shortages at the top of the “concerns” list. Simply put, supply chain operations are under strain with pressures coming from multiple sources. And they must be capable of adapting to various demands.

Supply Chain Planning Software 267

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 267

AB&R

APRIL 12, 2022

The pandemic accelerated the Buy Online Pick Up in Store (BOPIS) model, which accounted for $72 billion in purchases in 2020, having greater inventory accuracy grew ever more important. When Walmart first attempted RFID, distributors kept the EPC-tagged items separately from the rest of their inventory. HAVE QUESTIONS?

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

Supply Chain Matters

JULY 25, 2022

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

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

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

SYSPRO Smarter ERP

NOVEMBER 18, 2024

The data can be used to identify inefficiencies in the supply chain, improve inventory management, and streamline operations. Supply chain management The international sourcing of automotive components is now a common practice but it can still present challenges.

Automotive 52

Automotive Optimal Sourcing Purchasing Skills Manufacturing Procurement 52

Talking Logistics

OCTOBER 15, 2018

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.

Inventory Management Software 101

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 101

ShipBob

NOVEMBER 29, 2023

These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory. What is ghost inventory?

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

Supply Chain Shaman

SEPTEMBER 22, 2021

Allyson Hatfield, demand planner at MARS Petcare presented. At the end of the presentation, I asked Allyson her perspective on open source analytics. ” I said internally to myself and quickly rebounded to thank her for a great presentation. Allyson’s presentation was just that. ” “Oops!,”

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

ToolsGroup

JUNE 15, 2023

The top issue we heard was ensuring resiliency in supply chains today, Decision Centric Planning, followed by the drive to accelerate digital transformation across supply chains, and then day 3’s keynote and a number of user-presented sessions focused on the people managing and the teams working in our supply chain. Look no further.

Gartner 293

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 293

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

Logility

OCTOBER 24, 2024

This eliminates the need for lengthy back-and-forth communications and manual data entry by delivering a single source of truth. So, instead of waiting for formal updates, each team sees the immediate impact of changing demand on inventory, production schedules, and budgets. Joe Slater and Jonathan Doller at NASCES 2024.

S&OP 209

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 209

Unleashed

JUNE 24, 2020

That includes the importance of robust inventory management to retail. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky. What is Omnichannel Inventory Management? Clear data visibility.

Inventory Management Software 98

Inventory Management Software Inventory Management Omnichannel Inventory Reduction 98

Logistics Viewpoints

FEBRUARY 2, 2023

By integrating the solution with customer accounting systems and other billing software, such as timecards, customers can inspect current charges in real time for an accurate snapshot of present expenses leading to improved forecasting. Lastly, this single source of truth for all parties positively impacts customer relationships.

Supply Chain Planning Software 230

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 230

Logistics Viewpoints

SEPTEMBER 29, 2022

I found the presentation by UScellular especially interesting. Visibility across the supply chain can enhance the ability to locate inventory and more intelligently prioritize its allocation to projects. This presented a potentially large opportunity to simplify the warehouse network at some point in the future. Path Forward.

Supply Chain Transformation 262

Supply Chain Transformation Network Optimization Supply Chain Network Software Optimal Sourcing 262

Supply Chain Shaman

JUNE 21, 2023

Many of the case studies being presented at today’s conferences were born during the pandemic and the post-pandemic turbulence. The audience assumes that the presenting company is outperforming. Watching the presentations, I wonder how we became so laser-focused on such a limited view of risk.

Gartner 364

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 364

Logistics Viewpoints

AUGUST 2, 2021

Driver dwell is a key source of driver dissatisfaction and contributes to the driver shortage. Weisenberger’s presentation particularly interesting was that while Ms. K-C needed one solution … to understand where loads are all across the organization” based on “one source of truth.” This was an online event. What made Ms.

Real-time Visibility 258

Real-time Visibility Shipping Sourcing Strategies Supply Chain Planning Software 258

Unleashed

MAY 7, 2023

With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Material Savings Inventory 52

Supply Chain Shaman

SEPTEMBER 20, 2015

Source: Dictionary.com. Spinnaker Management Group asked me to co-present on a demand-driven webinar with SanDisk. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. So, why did I ask SanDisk to present?

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Logility

MARCH 6, 2024

It looks at past and present data and organizes the information into clear patterns. Prescriptive analytics considers the present situation, meshing current data with simulation algorithms to answer, “What should we do?” Are your current supply chain systems sufficient to leverage new data sources and enable advanced analytics?

Prescriptive Analytics Software 180

Prescriptive Analytics Software Analytics Software Predictive Analytics Supply Chain Planning Software 180