Logistics Viewpoints

NOVEMBER 16, 2023

This article is from Descartes Systems Group and looks at how companies can reduce lead times with real-time data. Additionally, a longer lead time reduce a company’s agility, or resilience, to adapt to demand fluctuations, or other disruptions that may occur. How can you better manage lead time? To read the full article, click HERE.

Real-time Visibility 274

Real-time Visibility Material Savings Inventory Reduction Vendor Strategies 274

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 98

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 98

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

ToolsGroup

JANUARY 7, 2020

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits.

Inventory Reduction 194

Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

ToolsGroup

APRIL 4, 2023

By land, by air, by sea – transit organizations know the competition is fierce for retaining customer loyalty, requiring inventory management strategies that balance consumer needs with sustainability initiatives and business goals. These companies understand that one bad experience could jeopardize future sales.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 156

SCMDOJO

NOVEMBER 20, 2024

Excessive and obsolete inventory can cause a business to fail. One needs to mitigate these challenges and learn how to optimize inventory. Healthy inventory optimization management can help a company flourish like a wealthy field. That is why optimizing inventory and reducing obsolescence is a necessity.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 98

Logistics Viewpoints

OCTOBER 30, 2023

The project was focused on the spare parts supply chain – the delivery of car parts and aftermarket accessories to automotive dealers and repair shops across Europe from their OEM vendors as well as their own manufacturing facilities in Europe. This supply chain spanned across 24 nations. The project took close to nine months.

Vendor Strategies 268

Vendor Strategies Cost Reduction Strategies Modeling Inventory Reduction 268

Logility

MAY 17, 2023

The urgent need for supply chain resiliency is increasing interest in onshoring, reshoring, and nearshoring strategies. By leveraging a comprehensive platform companies can review scenarios through the lens of advanced demand, inventory and manufacturing planning optimization capabilities,” Henriott said.

Vendor Strategies 170

Vendor Strategies Cost Reduction Strategies Price Reduction Inventory Reduction 170

Logistics Viewpoints

OCTOBER 17, 2024

They are no longer just vendors of goods and services. Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital.

Manufacturing Procurement 247

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 247

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. They want to have an aging report for inventory or a report on vendor performance. Let’s examine the first: inventory aging reports. Solve the problem first.

Optimization Software 199

Optimization Software Inventory Reduction Forecasting Software Supply Chain Planning Software 199

Logistics Viewpoints

MARCH 25, 2021

Global trade regulations and conflicts, as well as tariff threats as a political tool, could cut off sources and markets and push your business plan into the red. It’s vital to identify and protect critical vendors and partners that could be unwitting attack vectors. Trade disputes and tariffs.

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 319

Logility

AUGUST 4, 2023

A successful relationship with your vendor can last many years so companies may embark on supply chain planning implementations once every 10-15 years – or longer. We’re here to spill the proverbial beans – the critical success factors, or essential components, of supply chain planning vendor selection success.

Supply Chain Planning Software 206

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 206

Synovos

MARCH 5, 2024

Overhauled MRO Strategy Propels UK Food Manufacturer to Save Millions, Boost Productivity For most companies, the COVID-19 pandemic presented a significant challenge in managing operations. Stock reduction is also part of the amassed savings. Some navigated that challenge successfully. Interested in our services?

Material Savings 98

Material Savings Inventory Reduction Cost Reduction Strategies Waste Reduction 98

Kinaxis

FEBRUARY 28, 2019

In part one of “Regaining control: Inventory management best practices” , we talked about controlling inventory, before being able to competently manage inventory. Inventory management best practices all about getting organized. Did the vendor ship the wrong item? Did purchasing order the wrong item?

Inventory Management 242

Inventory Management Inventory Reduction Inventory Warehousing 242

ToolsGroup

JUNE 11, 2019

With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. This article will share five things you need to know about optimizing inventory in the digital age.

Optimization Software 244

Optimization Software Supply Chain Optimization Supply Chain Planning Software Network Optimization 244

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?

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

ToolsGroup

JUNE 15, 2020

Step 2: Align your SCP technology plans with the business strategy & organizational readiness. For example, instead of simply stating forecast accuracy improvement as a benefit explain how this will ultimately reduce inventory and working capital and increase service levels. Want more tips on building your business case?

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Forecasting Software 319

My Office Apps

OCTOBER 14, 2024

Navigating the Complex World of Logistics: Strategies for Success The effectiveness of your logistics can mean the difference between skyrocketing profits and lost opportunities in a world where everything is connected more and more. Key Strategies for Effective Logistics Management 1. Why is Logistics Management Important?

Inventory Reduction 98

Inventory Reduction Cost Reduction Strategies Vendor Strategies Price Mitigation Strategies 98

Logistics Viewpoints

MAY 10, 2021

Following their fourth quarter results, top executives talked about their supply chain and omnichannel strategy at a high level. This new infrastructure will allow the retailer to expand ecommerce assortment while reducing both shipping time and cost. I’m glad we had our leadership and strategy in place,” Mr. Guffina said.

Supply Chain Planning Software 258

Supply Chain Planning Software Supply Chain Software Supply Chain Transformation Inventory Reduction 258

Logistics Viewpoints

MARCH 21, 2024

The challenges brought about by the pandemic made many rethink strategy when it came to inventory, stock on hand, secondary options and the ability to guarantee supply and resiliency. That means planning, inventory, and order management must be very closely aligned and optimized.

Prescriptive Analytics Software 251

Prescriptive Analytics Software Supply Chain Planning Software Optimization Software Analytics Software 251

Logistics Viewpoints

DECEMBER 5, 2023

This information is then used to develop a risk management strategy that takes into account the potential impact of different types of cybersecurity incidents. Assess Third-Party Vendors: Warehouse and DC operators often work with third-party vendors for logistics and inventory management.

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software Inventory Management Software 277

ToolsGroup

SEPTEMBER 23, 2022

BOSTON (September 23, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a Leader in the IDC MarketScape: Worldwide Inventory Optimization 2022 Vendor Assessment. . About ToolsGroup. About IDC MarketScape.

Optimal Sourcing 31

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 31

ToolsGroup

SEPTEMBER 6, 2023

The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Global Supply Chain Inventory Optimization (IO) vendors. Quadrant Knowledge Solutions’ SPARK Matrix™ includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning.

ToolsGroup 156

ToolsGroup Optimization Software Supply Chain Design Software Supply Chain Planning Software 156

SCMDOJO

DECEMBER 14, 2023

Depending on the chosen manufacturing strategy (Make to Stock, Assemble to Order, Make to Order, or Engineer to Order), the delivery lead time may vary as follows: Access our blog “6 Reasons Why It Is Important to Understand Expected Customer Lead Time” at our website SCM DOJO! Cost Savings: Reduction in inventory holding costs.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 98

BlueYonder

MAY 10, 2024

Here are the trends our Blue Yonder Industry Strategy team sees for the upcoming quarter: Supply Chain and Technology Supply chains will remain volatile with escalating disruptions as a result of extreme weather effects and unrest across the globe. Speak to one of our Industry Strategy leaders today! Reach out at blueyonder.com.

Vendor Strategies 105

Vendor Strategies Material Savings Resource Reduction Price Reduction 105

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Centralized information eliminates data silos and strengthens information sharing through real-time communication (instead of point-to-point data transmission). All entities throughout the supply chain – such as vendors, suppliers, partners, and end consumers – can access relevant, accurate and up-to-date information.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

My Office Apps

DECEMBER 7, 2023

Boost Your Business Profits with Efficient Procurement and Inventory Management Software Are you searching for ways to enhance your business’s profitability? Efficient procurement processes not only streamline your purchasing cycle but also lead to better inventory management and ultimately, reduced costs.

Inventory Reduction 105

Inventory Reduction Inventory Management Software Cost Reduction Strategies Optimal Sourcing 105

Logistics Viewpoints

AUGUST 31, 2023

Automating inventory and replenishment can also help avoid stockouts and missed sales opportunities. Whether retail or warehousing, that opportunity cost can add up, especially if someone finds and buys from a new vendor. How many future parts might I have purchased from this vendor? What do I mean by missed sales?

Warehousing 261

Warehousing Distribution Vendor Strategies How To 261

Logistics Viewpoints

FEBRUARY 23, 2022

Specifically, there were spikes in demand, and even though there was a lot of inventory available, the demand was surging. Then we moved into a phase where we had stationary, stale, and suspended inventory because we couldn’t get to it; retail stores and distribution centers were closed, and seasonal inventory was very challenged.

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Software Sustainability Trends 297

Logistics Viewpoints

SEPTEMBER 11, 2024

The ability to quickly and accurately transfer information reduces downtime, improves delivery accuracy, and enhances route planning. This connectivity helps optimize routes, reduce delays, and enhance delivery accuracy. These innovations are streamlining logistics operations, reducing costs, and setting new standards for efficiency.

Logistics Network Optimization Software 271

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 271

Logistics Viewpoints

JULY 14, 2022

These intelligent, strategy-driven solutions help the entire end-to-end value chain enact a fast, coordinated response not only across functions but also across multiple trading partners. The retail customer completes close to 100,000 store deliveries per year, working with both an import and domestic vendor base. With nearly $21.3

Logistics Network Optimization Software 284

Logistics Network Optimization Software Supply Chain Planning Software Optimization Software Real-time Visibility 284

ToolsGroup

SEPTEMBER 30, 2024

This shift has led to a growing need for agile inventory management and quick delivery systems. The Challenges of Inventory Management in the Aftermarket Managing inventory in the aftermarket is uniquely challenging.

Manufacturing Procurement 156

Manufacturing Procurement Optimization Software Supply Chain Planning Software ToolsGroup 156

Freightos

JANUARY 15, 2024

This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year. Navigating the Storm: Strategies for SMB Importers in 2024 There is no golden ticket for solving these challenges.

Negotiating Skills 317

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction Strategies 317

ToolsGroup

NOVEMBER 12, 2024

QKS Group , a global advisory and research firm, evaluates vendors for its SPARK Matrix™ based on two key criteria: technology excellence and customer impact. The QKS Group SPARK Matrix™ offers an in-depth analysis of global market dynamics, major trends, vendor landscapes, and competitive positioning.

ToolsGroup 156

ToolsGroup Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 156

RFgen

DECEMBER 26, 2024

Introduction Inventory management is the backbone of a successful supply chain operation, but it’s often a source of persistent frustration. Mobile inventory management offers a transformative solution, providing the real-time data and streamlined workflows needed to optimize operations and gain a competitive edge.

Inventory Reduction 83

Inventory Reduction Optimal Sourcing Inventory Management Software Waste Reduction 83

Precoro

DECEMBER 24, 2024

Read on to explore key AI use cases in procurement, the challenges businesses face, strategies to overcome them, and the exciting opportunities AI brings for the future. This gives them advance warning so they can adjust their purchasing strategies. Here are the topics we’ll cover at a glance : What is AI in procurement?

Price Reduction 89

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 89

Logility

MARCH 21, 2024

During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.

Optimal Sourcing 224

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 224