Unleashed

AUGUST 30, 2024

When you expand to multiple warehouses or inventory locations, your challenges and risks begin to multiply. Multiple warehouse inventory management requires careful strategy, accurate forecasting, and a dynamic inventory system capable of syncing sales and stock between each location.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Warehousing 52

ToolsGroup

JULY 13, 2023

Trying to manage an effective ship-from-store program only exasperates this issue. A significant addition to our Inventory Hub® product, Dynamic Fulfillment leverages advanced optimization logic to determine what to ship, from where, in real-time, to reduce shipping costs, improve margins, and satisfy empowered customers.

Optimal Sourcing 291

Optimal Sourcing ToolsGroup Optimization Software Network Optimization 291

Unleashed

JUNE 13, 2023

When calculating inventory costs, not all stock is alike. Knowing the different types of inventory and how they impact your costs is key to accurate stock control and best-practice accounting. The 23 Types of Inventory: What is inventory? In accounting, inventory is generally the largest current asset a company carries.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Manufacturing Procurement 52

Unleashed

JUNE 13, 2023

When calculating inventory costs, not all stock is alike. Knowing the different types of inventory and how they impact your costs is key to accurate stock control and best-practice accounting. The 23 Types of Inventory: What is inventory? In accounting, inventory is generally the largest current asset a company carries.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Manufacturing Procurement 52

Logistics Viewpoints

JANUARY 1, 2024

Omnichannel refers to the ability of a consumer to get products fulfilled to them in various ways. They can also order online and have goods shipped to their home. Historically, an OOM has access to all the company’s inventory. The system allocated which orders would get inventory from a given location to fulfill an order.

Omnichannel 243

Omnichannel Modeling Optimization Software Optimization Modeling 243

Logistics Viewpoints

NOVEMBER 16, 2023

Tracking and understanding lead time is very important for setting accurate delivery dates for customer orders, for setting inventory and safety stock levels across the supply chain for finished goods and Work in Progress (WIP) materials. Many ports do not make this information available to the shipping lines or the shippers.

Real-time Visibility 272

Real-time Visibility Material Savings Inventory Reduction Vendor Strategies 272

Unleashed

FEBRUARY 26, 2024

Warehouse inventory management is a sometimes complicated, always-vital process for managing a company’s physical goods. With the right approach, effective warehouse inventory management will help you increase productivity and profitability while keeping customers loyal and happy. What is warehouse inventory management?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

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. It refers to the process of purchasing, storing, and tracking the various goods required to build a product. 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

Enterra Insights

NOVEMBER 23, 2021

Much of the finger-pointing involved the movement of shipping containers into and out of port facilities. For the supply chain to work smoothly, a complex and highly choreographed dance, involving both full and empty shipping containers, must be performed. More than 80 ships stretched to the distance — a new record. ”[1].

Supply Chain Design Software 130

Supply Chain Design Software Shipping Supply Chain Design Supply Chain Planning Software 130

Unleashed

JULY 12, 2023

Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

Inventory Reduction 52

Inventory Reduction Examples Inventory Material Savings 52

ShipBob

AUGUST 23, 2023

Inventory is an important asset. And since ecommerce businesses deal with different types of inventory on a daily basis, it’s important that you understand all of them well. In this article, we demystify the main types of inventory, as well as ecommerce-specific inventory.

Inventory Management Software 52

Inventory Management Software Modeling Software Optimization Software Predictive Analytics Software 52

ShipBob

JUNE 18, 2023

If you start out a quarter with more inventory than when you started the previous quarter, is it a good thing or a bad thing? Or, it’s an indication that you have more inventory than you can sell. If you start out with less inventory than the period prior, it could mean you sold a lot of your stock — congratulations!

Inventory 98

Inventory Purchasing Skills Manufacturing Procurement How To 98

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

The Logistics of Logistics

JULY 12, 2023

About Davinci Micro Fulfillment Davinci Micro Fulfillment Solutions partners with consumer brands to support their fast forward fulfillment with an end-to-end solution that includes front-end merchandising, inventory optimization and fulfillment services provided from our micro-fulfillment centers.

Negotiating Skills 217

Negotiating Skills Purchasing Skills Network Optimization Software Logistics Network Optimization Software 217

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

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

BR Williams Supply Chain Management

AUGUST 6, 2020

Intermodal freight shipping has been around for decades, but it is growing in popularity due to its many benefits. Integrating intermodal shipping into your supply chain can bring significant cost-savings, increased levels of security, improved safety, and make shipments flexible. What is Intermodal Shipping? Cost-effective.

Negotiating Skills 98

Negotiating Skills Shipping Cost Reduction Strategies Price Reduction 98

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. Or, the forecast might be much more detailed.

Supply Chain Planning Software 267

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 267

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Better decision-making – as you can make decisions with data, rather than gut feelings.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Logistics Viewpoints

NOVEMBER 4, 2024

In a broad sense, optimization refers to creating plans that help companies achieve service levels and other goals at the lowest cost. The forecast can be compared to what actually shipped or sold. Drones use this form of AI to improve inventory accuracy in a warehouse. More recently, many other cases have emerged.

Supply Chain Planning Software 284

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

Logistics Viewpoints

JUNE 10, 2024

When SAP refers to AI, it refers to generative AI based on large language models or AI based on machine learning. Supply chain planning is frequently subject to a black box problem—users don’t understand the recommended manufacturing or inventory plan arising from an optimization run. This is a public Cloud solution.

SAP 283

SAP Supply Chain Planning Software Modeling Logistics Network Optimization Software 283

Supply Chain Shaman

JUNE 3, 2024

Definition: With reference to a dog used for hunting game, the colloquial American-English phrase that dog won’t hunt , and its variants, are used to express the opinion that a particular plan or approach will not succeed. (The The breed innately goes to ground and flushes out vermin. Meet my terrier crew. Future for Probabilistic Planning?

Supply Chain Planning Software 345

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 345

Unleashed

FEBRUARY 8, 2024

Effective inventory tracking is a critical component of inventory management. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. What is inventory tracking? It helps to reduce inventory shrinkage and loss.

Inventory Management Software 52

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

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

Ware2Go

APRIL 10, 2022

Carbon emissions from final mile deliveries increased by 5% in 2021, leaving many merchants wondering what they can do to make shipping more sustainable. This straightforward guide lays out three simple things merchants of all sizes can do to decrease their carbon footprint for more sustainable shipping. What Is Sustainable Shipping?

Sustainability 98

Sustainability Shipping How To Procurement Analytics 98

ShipBob

APRIL 15, 2024

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 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

Unleashed

JUNE 26, 2024

An enterprise resource planning (ERP) inventory system provides an integrated solution for managing inventory, operations, and financial planning. This quick guide dives into the concept of ERP inventory management, outlines the benefits and risks, and provides some best practices for implementing an ERP inventory system.

Inventory Management Software 52

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

Logistics Viewpoints

JANUARY 22, 2024

Omnichannel refers to the ability of a consumer to get products fulfilled to them in various ways. They can also order online and have goods shipped to their home. Historically, an OOM has access to all the company’s inventory. The system allocated which orders would get inventory from a given location to fulfill an order.

Supply Chain Optimization 267

Supply Chain Optimization Modeling Supply Chain Software Optimization Software 267

Logistics Viewpoints

MAY 26, 2023

Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. Separately, the company said in the past year, Amazon’s Counterfeit Crimes Unit sued or referred for investigation over 1,300 criminals in the U.S.,

Negotiating Skills 228

Negotiating Skills Pricing Training Jordan Purchasing Training 228

Locus

MAY 20, 2024

FTL – Full Truck Load Full truckload (FTL) shipping involves using the entire space of a truck to transport goods from one place to another, typically for large quantities that fill the entire truck. This method helps retail businesses reduce inventory costs and increase efficiency by minimizing the storage of unused stock.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Inventory Reduction Cost Reduction Strategies Retail 98

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

Taulia

SEPTEMBER 7, 2022

But those goods and materials, referred to collectively as inventory, can be difficult to manage efficiently – especially at scale. Ineffective management of inventory can be extremely harmful to operational success. But, to complicate matters, there’s more than one inventory management strategy to choose from.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

GlobalTranz

DECEMBER 5, 2018

Black swans in the supply chain refer to unexpected, unusual disruptions within the supply chain, reports Melanie Nuce of Inbound Logistics. For shippers, this means finding a way to handle changes in inventory and replenishment, as well as managing outbound freight and reverse logistics. DOWNLOAD THE FREE RESOURCE HERE.

Price Reduction 168

Price Reduction Resource Reduction Cost Reduction Strategies Inventory Reduction 168

GlobalTranz

MAY 2, 2017

Manufacturers have always struggled to obtain the most accurate inventory levels possible. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. Let’s take a closer look at why such systems have the power to radically change standard inventory management operations.

Inventory Management Software 120

Inventory Management Software Inventory Reduction Inventory Management Procurement Analytics 120

ShipBob

FEBRUARY 8, 2021

Even if the product is temporarily out of stock, it will take much longer to fulfill and ship. 34% of businesses ship orders late due to items being out of stock at time of purchase. Poor inventory management can significantly impact customer loyalty and the overall brand experience. . What is inventory replenishment?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Cost Reduction Strategies Inventory 98