article thumbnail

The role of inventory management and inventory optimization in ERP

SYSPRO Smarter ERP

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

article thumbnail

Digitalization: The Key to Reducing Material Waste in the Fashion Industry

Supply Chain Brain

Adopting emerging technologies is crucial for fashion companies that want to increase their margins, reduce their environmental footprint, and slash unsold inventory.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Savvy Supply Chain Leaders Aren’t Letting a Good Downturn Go to Waste

Logistics Viewpoints

Much of this newfound optimism is attributable to a record jobs report in January – and yet we’ve seen a spate of layoffs in tech and other industries. Closer to home for supply chain professionals, driver shortages continue to plague the industry. These are the companies and leaders that aren’t letting a good downturn go to waste.

article thumbnail

Food & Beverage Brand Fulfillment with Anne Hallock

The Logistics of Logistics

Flowspace has earned widespread recognition throughout the industry for advancements in technology, fulfillment solutions, and sustainability. Inventory Intelligence: Gain real-time inventory insights and demand forecasting to minimize stockouts, optimize inventory allocation, and avoid wasted resources.

article thumbnail

How to Reduce Waste in the Supply Chain

Morai Logistics

Waste reduction is more important that ever in the modern supply chain—here are several ways to go about it. The Compactor Management Company is a company that “has been providing all types of businesses with industrial trash and garbage compactors and balers.” Not only does waste reduction keep the environment clean.

article thumbnail

Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

article thumbnail

How AI is transforming manufacturing Part 2: Inventory management

SYSPRO Smarter ERP

Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices. AI in inventory management.