Supply Chain Game Changer

AUGUST 4, 2020

In this article we share our video of the 10 most Critical Supply Chain lessons that we must learn and make improvements through our future strategies and actions. In our latest video we discuss the lessons that we must learn. Video) appeared first on Supply Chain Game Changer™. Copyright © Mortson Enterprises Inc.

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Supply Chain Shaman

OCTOBER 22, 2015

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. What Drives Inventory Effectiveness?

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Inventory Supply Chain Planning Software 150

ToolsGroup

JULY 29, 2021

Watch Video: What Is Service-Driven Planning? The key to guaranteeing product availability while respecting inventory constraints and reaching financial targets is to satisfy top-down goals with a granular, SKU-level plan. The results: a 33% inventory reduction and product availability increased to 96%.

Supply Chain Planning Software 295

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Modeling 295

Logistics Viewpoints

FEBRUARY 3, 2021

Watch the attached video for the full interview. For example, some technologies allow for scaling of throughput and inventory needs independently. How can warehouse operators make sure they choose technology that will fit their needs well into the future… to be “futureproof.” Below are some key points made in the discussion.

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Warehousing Supply Chain Software Supply Chain Optimization Optimization Software 336

The Smart Software

MARCH 26, 2024

This video blog holds essential insights for those working with the complexities of inventory management. The session focuses on striking the right balance within the inventory tradeoff curve, inviting viewers to understand the deep-seated importance of this equilibrium.

Inventory 105

Inventory Inventory Management Software Video Supply Chain Planning Software 105

Logistics Viewpoints

JANUARY 5, 2022

Instead, they are likely to carry higher levels of inventory as a lower cost alternative. The move toward carrying higher levels of inventory will initially increase GDP growth numbers as inventory restocking occurs. Labor Shift – It’s About Want Not Need. It’s time to shift the dialog about labor in logistics.

Predictive Analytics Software 361

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 361

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

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. Click here!

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Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 90

Supply Chain Game Changer

AUGUST 16, 2022

In my experience companies always had a need for Inventory Control and an annual inventory count during which all operations were shut down for at least 2-3 days. On top of the annual inventory count there were ongoing manual cycle counts throughout the entire year. An Inventory Control History.

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Inventory Reduction Inventory Waste Reduction Resource Reduction 124

Logistics Viewpoints

JANUARY 18, 2023

Below are some key points from our discussion as well as the full video interview. This platform enables companies with inventory in multiple locations (DCs, retail stores, supplier sites) to identify their inventory across sites, take the order, and then make decisions about the best way to fulfill that order.

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Supply Chain Shaman

SEPTEMBER 9, 2013

Complexity has risen and progress on margin and inventory is stalled. Attending the conference, and making improvement in both inventory cycles and operating margin for two consecutive years, are Colgate, Dow Chemical, and General Mills. Once the Summit has ended we’ll be archiving the presentations and the video for six months.

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Conference Supply Chain Design Software Supply Chain Design Chemicals 278

Logistics Viewpoints

AUGUST 17, 2022

Much of the benefit obtained from these AGVs in from inventory accuracy achieved through accurate inventory location ID and precise alignment for pallet load movements. Being a native Bostonian, I have watched many of the videos highlighting Boston Dynamics robots in the form of a human or dog, climbing stairs, opening doors, etc.

Warehousing 334

Warehousing Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 334

Logistics Viewpoints

FEBRUARY 23, 2022

Below are some key points from our discussion as well as the full video interview. Specifically, there were spikes in demand, and even though there was a lot of inventory available, the demand was surging. Global Supply Chains. Over the last two years, there have been ebbs and flows in the first phase of the pandemic.

Supply Chain Design Software 309

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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 Inventory Cost Reduction Strategies 156

ToolsGroup

OCTOBER 14, 2020

ToolsGroup’s GM of North America, David Barton, sat down for a video interview with Robert Bowman, managing editor at Supply Chain Brain , to share anecdotes and advice for supply chain planners in a year no one could have planned for. Inventory (and therefore customer service level attainment) has faced unprecedented stress this year.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 296

The Logistics of Logistics

APRIL 19, 2023

Specializing in ecommerce order fulfillment and inventory management services, the company operates multiple warehouse facilities with over 1 million square feet of space across the United States. Red Stag Fulfillment specializes in providing ecommerce order fulfillment and inventory management services to businesses of all sizes.

Logistics Network Optimization Software 222

Logistics Network Optimization Software Third Party Logistics Tennessee Inventory Management Software 222

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. GenerativeAI is the new kid on the block.

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Supply Chain Planning Software Modeling Optimal Sourcing Supply Chain Design Software 300

Logistics Viewpoints

SEPTEMBER 11, 2024

Smart warehouses are using IoT sensors, powered by 5G, to automate inventory tracking and manage orders with greater accuracy. Smart warehouses will gain full visibility of their stock, with automated systems ensuring that inventory levels are maintained and shipments are processed efficiently.

Logistics Network Optimization Software 286

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 286

Kinaxis

AUGUST 18, 2014

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Sure, we’re concerned, and in some cases stocking more inventory at local distribution centers. It’s the consumer.

Modeling 263

Modeling Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning 263

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

Logility

APRIL 26, 2021

Some call it ‘sales, inventory and operations planning’ (SIOP). And then there’s ‘merchandising, inventory and operations execution’ (MIOE), for the retail sector. Sales, inventory and operations p lanning (SIOP) An attempt to emphasize the importance of inventory. MIOE deals with the tactical level.

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Scenario Planning Supply Chain Planning Software Supply Chain Planning S&OP 246

Kuebix

OCTOBER 27, 2020

Technology has improved the ease and efficiency of training new drivers, optimizing truck routes, managing inventory and more. Trimble Transportation offers video intelligence, onboard event recording and safety analytics to help understand accidents and prevent future collisions. More recently, technology has […].

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Analytics Software Optimization Software Supply Chain Software Price Mitigation Strategies 169

Logistics Bureau

OCTOBER 17, 2023

Did you know that you can reduce logistics costs through effective inventory management? Some of it sounds very basic and yet, so many businesses really do miss these Inventory Management techniques. Watch the video below to learn how to reduce your inventory costs!

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Logistics Viewpoints

APRIL 21, 2021

The benefit is that it does not matter where an order originates; all fulfillment channels have access to the information and the retailer can appropriately allocate the inventory depending on stock levels, demand requirements, and timing of fulfillment. You can watch the full video below. Changing the Order-to-Fulfillment Value Chain.

Sourcing Strategies 285

Sourcing Strategies How To Supply Chain Design Software Supply Chain Planning Software 285

Logistics Viewpoints

JANUARY 18, 2022

As we have seen in 2021, businesses automated and integrated supply chain planning capabilities, including demand-sensing , dynamic safety-stock management , inventory optimization , and external collaboration. We stopped going to the gyms and favored outdoor activities or at-home exercises.

Supply Chain Planning Software 301

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 301

Logility

JULY 30, 2024

These changes are phased into execution by synchronizing data from changes in demand, inventory, and supply planning systems. Sense quantifiable changes : The resident applications, specifically, demand planning, supply planning, and inventory planning all have key variables that contribute to a network model.

Network Optimization Software 199

Network Optimization Software Network Optimization Modeling Supply Chain Network Software 199

RFgen

NOVEMBER 13, 2024

Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?

Inventory Management Software 76

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 76

Logistics Viewpoints

OCTOBER 1, 2022

The CNBC article states, “ As delivery times and consumer demand rose this year, retailers responded by ordering inventory earlier than usual. When in-transit shipping time began to improve quickly, Nike CFO Matthew Friend said, it led to swelling inventories.” the Nike article reminded me of it).

Logistics Network Optimization Software 261

Logistics Network Optimization Software Inventory Reduction Supply Chain Software Logistics 261

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

Supply Chain Planning Software 317

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 317

Logility

JULY 30, 2024

These changes are phased into execution by synchronizing data from changes in demand, inventory, and supply planning systems. Sense quantifiable changes : The resident applications, specifically, demand planning, supply planning, and inventory planning all have key variables that contribute to a network model.

Network Optimization Software 184

Network Optimization Software Network Optimization Modeling Supply Chain Network Software 184

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

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DELMIA Quintiq

SEPTEMBER 3, 2021

It is an important concept in lean manufacturing because it balances the importance of meeting customer demand with the importance of minimizing work-in-process and inventory. The Rise of Digital Transformation in Inventory Management. Make the shift now towards a fully digital inventory management system.

Supply Chain Planning Software 31

Supply Chain Planning Software Inventory Management Software Demand Planning Software Optimization Software 31

Kinaxis

JUNE 11, 2019

Excessive use of inventory, you’re out of the game!” ” As you’ll find out in the video below, egregious supply chain planning tactics do not go unpenalized under my watchful eye. by Bill DuBois “Delay of supply chain, that’s a penalty. Roughing the supplier, that’s two minutes.

Inventory Reduction 189

Inventory Reduction Supply Chain Planning Supply Chain Design Supply Chain Strategy 189

Kinaxis

JULY 24, 2018

To break it down a bit, the sharing economy leverages peer-to-peer, business-to-peer, and business-to-business connections to implement lending, accommodation, transportation, staffing and even music and video streaming services. But what does the success of the sharing economy have to do with to supply chain management?

Modeling 216

Modeling Modeling Software Supply Chain Planning Software Supply Chain Software 216

Kinaxis

FEBRUARY 24, 2017

Maybe the one good thing to come out of it was some companies figured out how they could survive with lower inventories. Inventories were stranded as supply chains scrambled to understand the impact on their customers. Supply chains had to deal with squeezing margins and dramatically cut costs, which included significant downsizing.

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Supply Chain Risk Management Risk Management Agile and Lean Supply Chain Supply Chain 214

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Learn more: Inventory Accounting – A Free Video Guide for Accountants & Advisors What is Days Sales of Inventory (DSI)? It’s also known as Days Sales in Inventory and Average Age of Inventory.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Supply Chain Shaman

SEPTEMBER 20, 2013

The research that we are doing strongly supports that companies that are good at planning are better able to balance costs, inventory and customer service. Most planning teams have a low-level of satisfaction due to the fact that traditional processes reward the urgent, not the important. Cross Train. Supply Chain Talent the Missing Link?

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Supply Chain Planning Software Resource Reduction Inventory Reduction Price Mitigation Strategies 318