Logistics Viewpoints

JULY 17, 2023

Better systems at customs agencies can lead to increases in cycle times for companies that are not on top of the complex documentation requirements associated with trade. Longer lead times also impose costs in the form of higher just-in-case inventory buffers. The post The Digital Supply Chain Needs to Include Trade Compliance Systems!

Supply Chain Planning Software 204

Supply Chain Planning Software Optimization Software Supply Chain Strategy Supply Chain Software 204

Logility

MAY 25, 2023

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. This is where inventory control techniques come in.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Inventory Optimal Sourcing 130

Kinaxis

MARCH 19, 2019

by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced.

Inventory Management Software 245

Inventory Management Software Inventory Management Inventory Reduction Inventory 245

Arena Solutions

OCTOBER 10, 2024

Succeeding at Strategic Sourcing With Arena and Part Analytics Learn more about the integration between Arena and Part Analytics here. Full transcript below: Heatherly Bucher Welcome to our session on Succeeding at Strategic Sourcing. Engineering and sourcing professionals build the platform for engineering and sourcing.

Analytics Software 60

Analytics Software Negotiating Skills Sourcing Strategies Purchasing Skills 60

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

BlueYonder

AUGUST 15, 2024

Traditional order management or enterprise resource planning (ERP) systems do their best to execute an optimal balance, and they can be sufficient during normal operations. But a sudden imbalance is enough to throw planning systems off, requiring a brand-new fulfillment plan. The result?

Optimal Sourcing 87

Optimal Sourcing Supply Chain Planning Software Inventory Optimization Software 87

Clear Spider

OCTOBER 21, 2024

Now’s the time for businesses to look back at the strain that rising inflation put on their supply chains and inventory management. In this blog, we’ll explain the impact of rising inflation rates on inventory and supply chain management. This has forced many manufacturers to reevaluate their sourcing and pricing strategies.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

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? The overall business performance is dependent on effective Inventory Management, Operations Excellence, Profitability, and Growth.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

Logility

APRIL 20, 2022

With access to digital data across your enterprise ecosystem and your multi-enterprise partners’ system, you can measure variability in demand, lead time, production capacity, throughput performance, resource availability, and transportation schedules with planning algorithms. Developing Diverse, Resilient Sourcing Strateg ies.

Sourcing Strategies 130

Sourcing Strategies Material Savings Vendor Strategies Inventory Reduction 130

Saleswarp

OCTOBER 2, 2024

What is Phantom Inventory? Phantom inventory is a common issue in inventory management, where there’s a mismatch between the recorded inventory and the actual physical stock. retail operation has an inventory accuracy of only 63 percent. The average U.S. It can also arise from supplier fraud.

Inventory Management Software 40

Inventory Management Software Analytics Software Supply Chain Planning Software Supply Chain Software 40

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. It is used by customs authorities worldwide.

Supply Chain Planning Software 284

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

RFgen

JUNE 30, 2023

Gone are the days of paper inventory tracking and manual data entry. The businesses of tomorrow need technology solutions that give real-time information in order to make key business decisions when it comes to inventory. Essentially, an ERP helps organizations run their business by acting as a single source of truth.

Inventory Management Software 78

Inventory Management Software Supply Chain Planning Software Optimization Software Forecasting Software 78

Unleashed

AUGUST 15, 2024

Choosing the right inventory management system is crucial for optimising business operations, improving accuracy, and increasing overall efficiency. This guide explores five of the best Zoho Inventory alternatives currently on the market.

Inventory Management Software 52

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

SYSPRO Smarter ERP

SEPTEMBER 4, 2023

Initially, companies rolled out business intelligence (BI) tools but as these solutions struggle to support a growing set of new use cases, companies are implementing embedded analytics (EA) in their ERP systems. A supply chain dashboard can help to track inventory levels, logistics management and warehouse operations from a single display.

Analytics Software 111

Analytics Software Manufacturing Procurement Supply Chain Planning Software Optimization Software 111

Logistics Viewpoints

JULY 23, 2024

Define business objectives: Clearly define the business objectives and key performance indicators (KPIs) that your AI-driven supply chain management system aims to optimize. 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.

Optimal Sourcing 269

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 269

Logility

AUGUST 31, 2022

It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Disruption Optimal Sourcing Inventory Reduction 130

SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications. What is the Life Cycle Inventory (LCI)? It includes determining the purpose of the study, the system boundaries (i.e.,

Inventory Reduction 98

Inventory Reduction Analysis Material Savings Optimal Sourcing 98

SYSPRO Smarter ERP

JUNE 6, 2022

In today’s business world, the success of a firm depends not only on its sales but also on the ability to manage its supply network and ensure it has the inventory it needs to deliver customer orders. Since 2000, businesses have implemented programs such as just-in-time (JIT) inventory and lean operations to improve profitability.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119

ThroughPut

JUNE 29, 2024

As a retail inventory planner, you strive to deliver precise replenishment plans—ensuring the right quantity of stock is available at the right time and place. Yet, managing inventory through multiple spreadsheets linked by complex formulas, or using disparate point solutions that don’t integrate, complicates your task.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Supply Chain Planning Software Optimization Software 52

SYSPRO Smarter ERP

MAY 3, 2023

Having looked at the ten reasons why an ERP system can help manufacturers, let’s look at manufacturing-specific functions that an ERP system can offer. The value of an ERP system is that the manufacturing elements are integrated with the rest of the business. Managed properly, the MRP can optimize material and product levels.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software 98

Stord

MARCH 26, 2020

By leveraging a flexible inventory management system that operates on a cloud-based software so you can respond quickly to customer and business needs. What can a dynamic inventory system do? When inventory counts and movements are tracked through emails and spreadsheets, it’s easy to lose sense of which SKUs are where.

Inventory Management Software 78

Inventory Management Software Supply Chain Design Software Supply Chain Network Software Forecasting Software 78

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

ToolsGroup

JULY 19, 2023

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. Let’s take a look at the challenges associated with digital twins and how real-time data systems are changing the game for companies looking to leverage them. Few of these systems talk to each other.

Real-time Visibility 295

Real-time Visibility Supply Chain Planning Software Modeling Scenario Planning 295

RFgen

AUGUST 14, 2024

Understanding Geolocation Technology Geolocation technology refers to the use of various systems to determine the precise physical location of objects, people, or assets within a designated area. Optimized Storage & Stock Levels: Efficiently monitoring to the outdoors while maintaining a single source of truth for your data.

Inventory Reduction 69

Inventory Reduction Optimal Sourcing Waste Reduction Cost Reduction Strategies 69

QAD

MARCH 27, 2024

However, completing this task becomes complex when multiple systems store demand planning data. It’s fair to say that your information is likely not unified in one system offering a single source of truth. This will allow you to improve the forecasting of demand and inventory management, as well as production planning.

Supply and Demand 52

Supply and Demand Supply Chain Planning Software Demand Planning Software Demand Planning 52

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

Inventory Management Software 122

Inventory Management Software Inventory Management Inventory Reduction Sourcing Strategies 122

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Evolution of Asset Management: Humans, Inventory and the Rise of AI by Jeroen Hendriks , Director at Art of Supply Chain Sdn Bh In the ever-evolving landscape of organisational success, the spotlight is now on asset management. However, inventory is also an essential asset for many businesses.

Asset Management 130

Asset Management Inventory Reduction Inventory Optimal Sourcing 130

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

Logility

NOVEMBER 19, 2021

Br idge the gap between marketing activity and inventory management with a better understanding of the impact of pricing and promotion on inventory. Users can leverage the technology to understand the impact of pricing and promotion on demand (the ‘lift’) and take action to ensure inventory positions are sufficient.

Modeling 130

Modeling Forecasting Software Supply Chain Planning Software Supply Chain Design Software 130

Precoro

JULY 29, 2024

Businesses adopt online procurement systems to mitigate risks and to streamline requisitions, approvals, order placement, and spend management. Keep reading to learn: What is an online procurement system? These systems are often integrated with other tools, ensuring seamless operations across various departments.

Procurement Solutions 82

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 82

ThroughPut

JULY 19, 2024

As an inventory planner, you’re constantly navigating a catch-22. You need buffer inventory to protect against emergencies and unexpected demand spikes, but excess buffer stock ties up valuable working capital and risks becoming obsolete. Frequently Asked Question What’s the Difference Between Buffer Inventory and Safety Stock?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 52

BlueYonder

DECEMBER 11, 2023

Inventory control represents a huge challenge for any retailer. In fact, inaccurate inventory is the single biggest cause of poor customer experience, according to a new survey by Blue Yonder. How did the company overcome its inventory issues? The case of this tech retailer, The Source , shows why.

Inventory Reduction 78

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Retail 78

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

ThroughPut

JUNE 16, 2024

Retailers often need help with inefficiencies, stockouts, and overstocking due to a lack of real-time data and insights into their inventory processes. What are the Challenges of Inventory Delivery Management in Retail? However, achieving this requires robust inventory management systems and technologies.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Supply Chain Software 52

SYSPRO Smarter ERP

APRIL 26, 2023

Here are ten reasons how an ERP system can help manufacturers. It also provides insights into how assets of the business, such as inventory, are being used. Data from the system can then be used to track how corrective actions are making improvements. It unifies people and business processes to improve daily operations.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Optimization Software 98

SYSPRO Smarter ERP

DECEMBER 12, 2022

The general ledger (GL) is the recordkeeping system used to sort, store, and summarize a company’s financial transactions over time. It forms the backbone of any accounting system. The elements of an accounting system. It is the main system of record for all historical financial entries.

Supply Chain Design Software 111

Supply Chain Design Software Predictive Analytics Software Supply Chain Planning Software System 111