SYSPRO Smarter ERP

DECEMBER 19, 2022

Then in the early 2000s, a new technology emerged, inventory optimization (IO), which could account for variability and multi-level activity in the supply chain and optimize inventory management policies using a statistical approach to manage both demand and supply variability. Inventory optimization. Challenges of IO and AI.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

AIMMS

JUNE 5, 2019

Using Gartner’s supply chain CORE model (Configure, Optimize, Respond & Execute) you may find that when hitting the Execute time horizon, there’s simply no time for a human to make a great decision. An interesting example of this is the capability AIMMS has provided in the utility grid business for the last 15 years.

Supply Chain Planning Software 120

Supply Chain Planning Software Optimization Software Supply Chain Software Scenario Planning 120

SYSPRO Smarter ERP

DECEMBER 19, 2022

Then in the early 2000s, a new technology emerged, inventory optimization (IO), which could account for variability and multi-level activity in the supply chain and optimize inventory management policies using a statistical approach to manage both demand and supply variability. Inventory optimization. Challenges of IO and AI.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

Locus

DECEMBER 7, 2021

A prime example is how governments in the Middle East have begun to rethink food security targets after the disruptions to their food supply chains. This factor would vary with the mode of transportation we choose and also how optimized our routing is. For example: poor quality, high costs, high lead time, supplier communication.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Ship Monk

AUGUST 22, 2022

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. Whether you do or you don’t, this blog can help finetune your understanding of what SKUs can be utilized for, how to use them to grow your business , and best practices for this crucial part of inventory management.

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

EazyStock

JUNE 24, 2020

Inventory optimization software is an important piece of the puzzle. In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning.

Inventory Reduction 98

Inventory Reduction Procurement Solutions Inventory Supply Chain Planning Software 98

EazyStock

MAY 11, 2021

In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. Using ABC classification you can therefore split inventory into three categories: Category A: this is the smallest category and consists of the most important stock items.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

FEBRUARY 7, 2020

In this three-part blog series we’re looking at each of these inventory management problems. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers. Optimizing Inventory Levels as SKUs Grow.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

SYSPRO Smarter ERP

MARCH 21, 2022

The JIC methodology requires that manufacturers establish optimal levels for different categories of inventory. A supply chain portal integrated with the rest of the business through an ERP system reduces manual intervention, for example, with ordering and in dealing with suppliers’ issues about invoice payments.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

EazyStock

MARCH 14, 2023

The distributors who gained a significant strategic advantage over their competitors had a laser focus on profitability during the downturn, a strong emphasis on margin management through disciplined pricing and category management, careful control of costs, and finally, the willingness to invest in priority growth opportunities.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

EazyStock

JUNE 18, 2019

In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. Using ABC classification you can therefore split inventory into three categories: Category A: this is the smallest category and consists of the most important stock items.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

EazyStock

FEBRUARY 26, 2020

In this three-part blog series we’re looking at three of the most common inventory management issues faced by stock holding companies. This is where inventory optimization comes in. Ensuring Stock Availability with Inventory Optimization. Read our blog on demand forecasting or download our whitepaper for more information.

Availability 52

Availability How To Inventory Reduction Optimization Software 52

EazyStock

JULY 13, 2020

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. In this post we focus on inventory planning and how to optimize stock levels despite erratic customer behavior and supply restrictions. Identifying and Managing Critical Stock During COVID-19.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

SYSPRO Smarter ERP

MARCH 2, 2022

The Gartner research group has highlighted the benefits as: get real-time or close to real-time visibility and clarity, use and analyze signals, intelligently optimize responses, provide exception management. The post How the procurement role should evolve in the new supply chain appeared first on SYSPRO Blog.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

FreightWaves SONAR

APRIL 17, 2023

While SONAR offers endless ways to save time and money, the bulk of the platform’s opportunities for return on investment can be sorted into three main categories. Once logistics leaders are able to pinpoint these areas, they can optimize their operations based on current market conditions and gain significant cost savings.

Optimal Sourcing 52

Optimal Sourcing Price Reduction Logistics Network Optimization Software Optimization Software 52

EazyStock

JUNE 18, 2019

In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. Using ABC classification you can therefore split inventory into three categories: Category A: this is the smallest category and consists of the most important stock items.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

GoShip Blog

FEBRUARY 28, 2023

Some examples of CPGs are personal hygiene products, food, beverages, and cosmetics. Examples of goods under this category are shoes, dresses, cars, jewelry, and perfumes. One such example is a Rolls Royce. Some examples would be flashlights, fire extinguishers, and pepper spray. What is Consumer Packaging?

Packaging 52

Packaging Manufacturing Procurement Purchasing Skills Buyer Training 52

Trinity Logistics

SEPTEMBER 22, 2023

In this blog, we’re going to dive into some of the latest trends in the food and beverage industry. One example is UPS Healthcare developing a system and opening facilities to move medicines safely. The food and beverage industry has faced significant challenges and growth over the past couple of years.

Trends 66

Trends Waste Reduction Industry Supply Chain Planning Software 66

AIMMS

SEPTEMBER 10, 2018

My team and I work on developing and furthering our supply chain and operations by providing a centralized analytical perspective – we work on improving fulfillment models, applying analytics, improving productivity and output at our warehouses, and optimizing our operations. You are currently using AIMMS for Warehouse Slotting Optimization.

Sourcing Strategies 82

Sourcing Strategies Supply Chain Software Supply Chain Design Software Optimal Sourcing 82

EazyStock

NOVEMBER 6, 2020

Most businesses struggle to find an optimized balance between these two costly challenges. In this blog, we’ll take the four types of carrying costs in turn and understand their real impact on your bottom line. Also in this category are the expenses related to inventory control and management. What are inventory carrying costs?

Inventory Reduction 40

Inventory Reduction Purchasing Skills Optimal Sourcing Cost Reduction 40

Infosys Supply Chain Management

APRIL 8, 2014

Product Categories. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Typical examples for these future trends would be to predict sales forecasts, market trends, customer behavior, next best action and machine failures etc.

Supply Chain Planning Software 35

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Modeling Software 35

Locus

MARCH 28, 2022

For example, clothing stores enable customers to browse and try out the merchandise in person, get helpful suggestions from the human sales staff, and receive a seamless checkout experience with automated cashiers. Experiential retail marketing aims to provide value across four key categories, namely: Convenience. Conclusion.

Cost Reduction 52

Cost Reduction Supply Chain Planning Software Inventory Reduction Price Reduction 52

3PL Links

SEPTEMBER 8, 2023

Labor, inventory accuracy, and split shipping are a few examples. Stores were planned, assigned, restocked, and conducted business with customers fully independently from the digital channel when it comes to inventory planning and optimization. Visiting a nearby store to look at the merchandise but not making a purchase?

Inventory Reduction 48

Inventory Reduction Sourcing Strategies Cost Reduction Expense Reduction 48

Infosys Supply Chain Management

APRIL 19, 2013

Product Categories. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Business Assurance: Supply Chain Blogs. Procurement Blog. Infrastructure Outsourcing. Business Process Outsourcing. Customer Service. Banking Suite.

Blog 29

Blog Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software 29

Logistics Bureau

DECEMBER 4, 2023

So, rather than get overly prescriptive, I’ll use this blog post to highlight some companies that have achieved success through excellence in inventory management , and outline some of the most effective elements of their strategies. As you can deduce from Amazon’s example, there is no standard for an optimal warehouse layout.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

Infosys Supply Chain Management

SEPTEMBER 5, 2012

Product Categories. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. This also results in optimal costs from customers point of view. Business Assurance: Supply Chain Blogs. Procurement Blog. Categories.

Supply Chain Planning Software 26

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Collaboration 26

CLX Logistics

JULY 26, 2021

Here are the main features of modern supply chain analytics solutions and services that help shippers optimize freight procurement, bidding, and benchmarking. Next-generation supply chain management tools like CLX LaneLogix are a perfect example of the type of system. Chief among them was COVID-19. Procurement Event Strategies.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Infosys Supply Chain Management

SEPTEMBER 24, 2012

Product Categories. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. For Example, safety related procedure. I will write more about our offering in next blog, once we have got our solution in some shape. Categories.

Blog 24

Blog Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 24

EazyStock

JANUARY 21, 2021

Group items into hierarchical structures and assign category attributes. When obtaining optimal order points and order quantities buyers need to keep track of everything from minimum order quantities, to stock multiples, article replacements and ensuring adequate storage space. Link items to create a bill of materials for production.

Inventory 52

Inventory Optimization Software Supply Chain Planning Software Supply Chain Design Software 52

EazyStock

APRIL 23, 2019

Julia Montgomery is one of EazyStock’s premier stock optimization experts and, in the role as Customer Success Manager, she has helped many companies around the world improve their processes and become more profitable through automation. How do you help EazyStock’s customers and partners optimize processes through automation? .

Automation 49

Automation Optimization Software Eliminating Excel in Purchasing Inventory Reduction 49

GlobalTranz

AUGUST 28, 2015

Editor's Note : This is a guest blog submission from Emily Hunter of TGO Consulting , a provider of innovative business solutions designed to improve the productivity and performance of organizations. Henry Ford's use of the assembly line to produce cars is a very famous example of this. BPM Software.

Optimization Software 95

Optimization Software Modeling Software Vendor Strategies Cost Reduction 95

GoShip Blog

AUGUST 8, 2022

The loose fill category includes various inner packaging choices appropriate for delivering unusually shaped items and electronics. For example, you can surround your products with air pillows or packing peanuts inside the crate, thus saving the items’ original shape and properties. Airbags and packing peanuts.

Packaging 52

Packaging Tips Operations Material Savings 52

EazyStock

APRIL 23, 2019

Julia Montgomery is one of EazyStock’s premier stock optimization experts and, in the role as Customer Success Manager, she has helped many companies around the world improve their processes and become more profitable through automation. How do you help EazyStock’s customers and partners optimize processes through automation? .

Automation 40

Automation Optimization Software Eliminating Excel in Purchasing Inventory Reduction 40

Kanban Logistics

JANUARY 12, 2021

Fortunately, many 3PLs are experts in this category and have advantages that most other companies don’t. For example, 3PL warehouse companies like Kanban Logistics that have warehouses in close proximity to each other can pull labor from one warehouse to support operations in another when volumes dictate.

3PL 52

3PL Supply Chain Software Supply Chains Modeling Software 52

Infosys Supply Chain Management

OCTOBER 19, 2011

Product Categories. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. For example, to manage complex order promising process, ATP (Available to Promise) concept has been adapted with some modifications. Procurement Blog.

Blog 22

Blog Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 22

WorkWave

SEPTEMBER 23, 2021

For example, suppose your business offers certain specialized grocery products or local farm-to-table services. Inventory levels are carefully monitored to ensure sufficient stock products within their respective categories for individuals and businesses. Combination Model of Multiple Vendors and Product Options.

Modeling Software 52

Modeling Software Optimization Software How To Procurement Solutions 52

Infosys Supply Chain Management

FEBRUARY 8, 2012

Product Categories. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Let us take an initiative such as Inventory Optimization as an example. Business Assurance: Supply Chain Blogs. Procurement Blog.

Supply Chain Planning Software 34

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Supply Chains 34