Inventory Reduction Related Topics 
EazyStock
AUGUST 21, 2020
So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? However, simply cutting inventory across your entire product range is not the approach to take.
Ship Monk
NOVEMBER 8, 2022
“Inventory” is a tricky word because it means different things to different people. If you are an inventory manager, inventory is the number of units you have on hand at any given time. Inventory Types for Manufacturers. Inventory Types for Ecommerce Businesses.
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SIPMM Professional Publications
JANUARY 11, 2019
Supplier-Managed Inventory (SMI) is the process whereby a supplier plans, manages and replenish inventory for a customer. The post Cost Reduction Strategy through Supplier-Managed Inventory appeared first on SIPMM ACADEMY. Extensive information sharing is required so that supplier can maintain a high degree of visibility of its goods at the customer’s location.
The Logistics of Logistics
JUNE 17, 2022
Jeff Flowers and Joe Lynch discuss why inventory is everything. Key Takeaways: Inventory is Everything. In the podcast interview, Jeff explains the importance of effective inventory management to supply chains. Learn More About Inventory is Everything.
Speaker: Andrew Kurpiel - AmerCareRoyal | Bill Benton - GAINS | Paul Benhamou - Benco Dental
Join three supply chain experts as they share their best practices and effective strategies for facing today’s most complex inventory challenges.
Logistics at MPEPS at UPV
APRIL 11, 2018
The reason I chose to write about this company, is because it was very interesting for me to see how a company of this size can focus and apply cost reduction actions in their supply chain and make them work. Node size reductions are generally a 1/3 of reduction from the linear dimension, resulting in approximately a 50% reduction in the area and therefore, a doubling of the units produced on the same cost.
Amware Logistics and Fulfillment
AUGUST 2, 2022
Inventory management has changed substantially in the last few years. Most fulfillment professionals spent years learning about lean inventory strategies, only to find those methods ineffective when the supply chain turned volatile during the COVID-19 pandemic.
EazyStock
FEBRUARY 17, 2021
What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Inventory Replenishment Strategies to Boost Profitability. Smart inventory purchasing.
Ship Monk
JUNE 22, 2022
Do you know how to calculate ending inventory? This simple calculation tells you the status of your end-of-period inventory. Knowing how to calculate ending inventory and continually monitoring it is critical for growing your business and maintaining profitability.
Ship Monk
SEPTEMBER 14, 2022
There are a lot of accounting terms thrown around when describing eCommerce inventory: merchandise inventory , WIP inventory , ending inventory , and beginning inventory to name just a few. What is Beginning Inventory? however often you’re counting inventory.
Speaker: Irina Rosca, Director of Supply Chain Operations, Helix
If we're going to offer the speed of shipping and variety of inventory that today's customers have come to expect, there are a lot of different questions that need to be asked.
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Ship Monk
AUGUST 8, 2022
Any company that sells a product carries merchandise inventory with costs that need to be tracked. Since inventory is considered a current asset, its value must be calculated on a regular basis and reported in financial statements at the end of the year. What is Merchandise Inventory?
Blue Grace Logistics
JUNE 13, 2022
Many do not understand the weather’s effect on inventory availability and shipment status, particularly if they’re not experiencing obstructive weather conditions first-hand. Unpredictable and damaging weather conditions threaten to upend global supply chains every season. Supply Chain Brain.
SYSPRO Smarter ERP
DECEMBER 19, 2022
In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory.
Logistics Viewpoints
FEBRUARY 2, 2022
Inflation’s effects on inventory management policies are likely far from top of the mind of Logistics Viewpoints readers in today’s challenging times. However, today’s elevated rate of inflation warrants a closer look at optimal inventory policies. Inventory Costs and Risks.
Speaker: Ron Spiteri, Director of TXM Lean Solutions
The pandemic has been the most significant disruption to global supply chains since the dawn of the industrial world. A key learning of this disruption has been the need for business continuity planning to mitigate future disruptions, which we know will come. Join Ron Spiteri of TXM Lean Solutions, and learn the key steps to take control of your supply chain risks.
Logistics Viewpoints
FEBRUARY 3, 2022
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising.
Logistics Bureau
OCTOBER 10, 2022
Too much inventory in your distribution network? Inventory costs too high? These are all pervasive issues for supply chain operators worldwide—and are classic symptoms of suboptimal inventory performance. Inventory Optimisation: A Clarification.
Ship Monk
OCTOBER 11, 2022
If you manage inventory, you’re familiar with the term FIFO, an acronym that stands for First In, First Out. FIFO is the most common inventory management method for eCommerce businesses because selling the oldest units before the newer units helps ensure a consistent turnover of inventory.
Ship Monk
MAY 5, 2022
There are a few different ways to go about the big move, so it’s a matter of choosing the strategy that keeps your sales and fulfillment operations flowing smoothly throughout the transition. Strategy 2: Sending Inventory to Cover a Transition Period.
Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst
Curious to know how your peers are navigating ongoing disruption? In this webinar, you’ll gain actionable insights from Olivia Montgomery as she walks us through Capterra’s extensive research on how businesses - notably small and midsize businesses - are addressing supply chain challenges in 2023.
Logistics Bureau
DECEMBER 20, 2021
As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. You will also understand their notable benefits to the inventory management discipline. 10 Invaluable KPIs to Track Inventory Management Performance.
Logistics Viewpoints
DECEMBER 14, 2022
This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. As a result, inventory managers have to explore new ways to cope with full warehouses. Unconventional solutions to excess inventory challenges.
Logistics Viewpoints
JULY 6, 2022
I did a little digging to find out the specifics about excess inventory, the stated causes, and the potential implications. Retailers’ Inventories – Just Keep your Returns? Unfortunately, I am unsure about the order of magnitude or the duration of these inventory mismatches.
Logistics Business Magazine
JANUARY 19, 2023
Manhattan Active® Omni suite has expanded its support of RFID tags for automating and streamlining the inventory counting, receiving, picking, checkout, return and exchange processes. Manhattan Active Omni’s RFID capabilities streamline and automate inventory counting and receiving processes.
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. In the past 18 months, many companies have increased their inventory levels.
Logistics Bureau
MAY 24, 2021
Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”.
Supply Chain Brain
OCTOBER 6, 2022
Challenge: 105-location hardware store retailer identified $5 million in excess inventory and $2 million in missed sales
Ship Monk
SEPTEMBER 19, 2022
Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. What is Inventory Holding Cost? Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed.
SYSPRO Smarter ERP
DECEMBER 13, 2021
Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Why inventory management is important. Active inventory management is a major contributor to manufacturing success. Inventory in the supply chain process.
Logistics Viewpoints
NOVEMBER 11, 2021
Kind of like managing inventory in your warehouse. Poorly managed inventory will cause stress in the operation between departments. Loss of sales from inaccurate or missing inventory leading to disappointed customers who may go elsewhere (and might not come back).
EazyStock
DECEMBER 13, 2020
In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. Optimize Inventory.
Logistics Bureau
SEPTEMBER 26, 2018
If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all. This operation was proving too costly and too slow, so the company embarked on an initiative to achieve a 10% supply chain cost reduction over a four-year period.
Logistics Business Magazine
NOVEMBER 28, 2022
A new survey suggests that a single view of inventory is becoming increasingly important in retail logistics. Single view of inventory. 74% of surveyed retailers provide shop assistants with handheld devices that show a consolidated view of inventory across the network. •
Ship Monk
AUGUST 22, 2022
SKUs are vital to inventory management and the success of any business—as pivotal to operations as a binding agent is to a meatball (i.e. A SKU is a code (typically 8 – 12 alphanumeric digits long) assigned to the items in your inventory. Don’t Get SKU’d on Inventory Management.
The Logistics of Logistics
SEPTEMBER 24, 2021
Amazon’s Retail Strategy with Rick Watson. Rick Watson and Joe Lynch discuss Amazon’s retail strategy. Key Takeaways: Amazon’s Retail Strategy. Learn More About Amazon’s Retail Strategy.
Logistics Viewpoints
AUGUST 9, 2022
While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times.
GlobalTranz
NOVEMBER 11, 2020
Inventory has been subject to changing customers’ buying patterns. The post 5 E-Commerce Inventory Management Strategies to Know | VIDEO appeared first on Transportation Management Company | Cerasis. Uncategorized E-Commerce Inventory Management
3PL Insights
MARCH 14, 2022
Why is there such a focus on inventory these days? One of those areas includes inventory management. Shortages, backlogs, labor, and operational challenges have increased inventory issues—either too much material or too little can send your business into a frenzy.
SYSPRO Smarter ERP
AUGUST 17, 2022
Manufacturers and distributors can optimize their inventory management using some of the latest emerging technologies, including machine learning, data analytics, artificial intelligence, and cloud computing. Where to start with inventory management? .
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