Kuebix

JUNE 17, 2020

What is Inventory Management and Why is it Important? Inventory management refers to the process of ordering, storing and using a company’s goods or materials. Successfully managing inventory allows businesses to meet the demand level of their consumers with an appropriate amount of supply.

Inventory 137

Inventory Supply Chain Software Supply Chains Meeting 137

Supply Chain Brain

JUNE 7, 2023

Bill Benton, co-founder of Gains, details why planning processes don't meet and solve inventory challenges.

Inventory 92

Inventory Meeting 92

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. Inventory optimization.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

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. Using proven inventory management processes, supply chain design, and planning helps optimize your stock.

Optimal Sourcing 105

Optimal Sourcing Optimization Software ERP Inventory Reduction 105

Logistics Viewpoints

JUNE 1, 2021

Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep. During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand.

Supply Chain Planning Software 111

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Inventory 111

Logistics Bureau

DECEMBER 4, 2023

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.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

Inventory Reduction 122

Inventory Reduction Inventory Sourcing Strategies Supply Chain Planning Software 122

Ship Monk

MAY 19, 2023

How much is your inventory worth? The most common inventory valuation methods are FIFO, LIFO, Weighted Average, and Specific Identification. Inventory Valuation vs. Inventory Management First, let’s make sure we’re all on the same page: inventory valuation is not the same as inventory management.

Inventory Reduction 52

Inventory Reduction Inventory Purchasing Skills Cost Reduction 52

GoShip Blog

FEBRUARY 5, 2024

When running a small business,one might wonder, how does inventory affect cash flow? How does inventory affect cash flow? The Cost of Goods Sold (COGS) defines the correlation between inventory and your business’s cash flow. When you procure inventory for your business, the capital used is your business’s cash outflow.

Inventory 52

Inventory Tips Procurement Analytics Purchasing Skills 52

Cyzerg

OCTOBER 12, 2023

Effective 3PL warehouse management is essential for businesses to meet customer demands, reduce costs, and enhance overall productivity. However, navigating the complexities of handling inventory, order processing, and fulfillment can be challenging. In this blog, we will guide you through the maze of 3PL warehouse management.

Inventory Reduction 195

Inventory Reduction 3PL Cost Reduction Operations 195

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. If you are an accountant, inventory is an asset on a balance sheet tracked by its monetary value. Inventory Types for Manufacturers.

Inventory Reduction 80

Inventory Reduction eCommerce Inventory Manufacturing Procurement 80

GlobalTranz

SEPTEMBER 11, 2017

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. Siloed Data Must Be United for True Supply Chain Inventory Optimization. Better Inventory Management Needs Complete Control.

Supply Chain Design Software 153

Supply Chain Design Software Inventory Reduction Optimization Software Supply Chain Software 153

FW Logsitcs

OCTOBER 10, 2023

In today’s fast-paced business world, effective and efficient inventory management is critical to any successful third-party logistics warehouse operation. Efficient inventory management in a 3PL warehouse ensures a steady flow of goods, improves overall operational efficiency, and reduces costs.

Optimization Software 52

Optimization Software Inventory Reduction Supply Chain Planning Software Inventory 52

Stord

FEBRUARY 28, 2024

Stord’s OMS software allows KAI Media to view and manage orders and inventory across its entire international network in one place, enabling the team to automate its entire order routing process faster and more intelligently. and Europe. For more information, visit kaimediagroup.com.

Inventory Reduction 60

Inventory Reduction Inventory Supply Chain Software Ordering 60

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

EazyStock

AUGUST 28, 2023

When it comes to inventory management, relying on gut feelings and historical data may lead to inefficiencies, missed opportunities and incorrect inventory levels. When combined with manual inventory management processes, you increase the risk of human errors, which can culminate in stockouts and overstocking. Don’t worry!

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

JULY 22, 2021

Demand forecasting techniques play a critical role in inventory management. However, producing an accurate inventory demand forecast is no mean feat. But first – let’s get a definition: What is inventory demand forecasting? The Importance of Accurate Inventory Forecasting. Inventory Forecasting: Demand Types.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

SYSPRO Smarter ERP

AUGUST 1, 2022

Accurate BOM improves inventory flow, and material planning, giving a business the unique competitive advantage it requires. Here’s how BOM can help you manage your inventory. Capacity planning : This is about determining what the business requires to meet changing demands for its products. BOM within your ERP.

Optimal Sourcing 111

Optimal Sourcing Manufacturing Procurement Material Savings Inventory Reduction 111

EazyStock

MAY 24, 2022

Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and hitting fulfillment targets. This post, however, will focus on the financial aspect of inventory: inventory value – taking an accountant’s view of how to manage stock effectively.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Purchasing Skills 52

SIPMM Professional Publications

JULY 18, 2019

Inventory optimization is having the right inventory, in the right quantities and at the right locations to meet the supply and […]. The post Data Analytics for Optimizing Inventory appeared first on SIPMM INSTITUTE.

Optimal Sourcing 92

Optimal Sourcing Inventory Optimization Data 92

Cyzerg

SEPTEMBER 19, 2023

Understanding the different roles in a warehouse is crucial for optimizing efficiency and meeting customer demands. In this article, we will explore the various job types and positions within a warehouse and how their roles contribute to efficient inventory and logistics management. Let’s discuss each one.

Inventory 221

Inventory Article Optimization Efficiency 221

Logistics Business Magazine

DECEMBER 6, 2022

“From the date we acquired the building to the date we had inventory in storage ready to be picked was six weeks. Another major impact is inventory accuracy. There are no bin boxes being crushed and ripped causing inventory to fall on the floor. Storage density has improved and picking locations per square foot has increased.

Meeting 68

Meeting Inventory Reduction Picking Price Reduction 68

Ship Monk

JULY 28, 2022

Any eCommerce business that manufactures goods has three different types of inventory at any given time: Raw Materials Inventory , Work in Process Inventory , and Finished Goods Inventory. This article will show you the difference between these types of inventory and how to calculate Work in Process inventory.

Inventory 64

Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

Logistics Management

OCTOBER 8, 2019

As e-commerce continues to expand, both B2C and B2B shippers are sharpening their inventory management skills to come up with fresh ways to meet the demands of the “new normal.”

Inventory 99

Inventory Meeting 99

The Logistics of Logistics

NOVEMBER 6, 2023

It also provides a variety of shipping options, so clients can choose the one that best meets their needs. Inventory management: Amware Fulfillment helps clients track their inventory levels and make sure they have the right products in stock at the right time.

Logistics Network Optimization Software 330

Logistics Network Optimization Software Logistics Eliminating Excel in Purchasing eBook 330

Logistics Business Magazine

OCTOBER 10, 2023

(NASDAQ: MANH) announced the findings of its latest international omnichannel research, highlighting how retailers are increasingly digitizing their offering in efforts to improve customer experiences and maintain market share, with inventory visibility being key.

Inventory 50

Inventory Purchasing Skills Procurement Analytics Procurement Solutions 50

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Managing inventory is a complex business. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. How to Choose Inventory Management KPIs.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

EazyStock

JUNE 23, 2022

This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it! This article explores some of the benefits of big data to inventory management teams.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

3PL Links

JANUARY 31, 2023

7 Best Tips for Inventory Management To Avoid Losses | Image source: AR Racking Inventory management is likely the most crucial success component if you sell products through an online store. Read also: How to Manage a Warehouse: The 10-Step Guide to Logistics Management What is Inventory Management?

Inventory Reduction 62

Inventory Reduction Inventory Tips Expense Reduction 62

ShipLilly

FEBRUARY 8, 2023

Questions about dealing with excess inventory Given what has happened before, it is not entirely surprising that many retailers are contending with elevated levels of excess inventory. This is a trend that is undesirable since excess inventory tends to have a detrimental effect on cash flow.

Inventory Reduction 52

Inventory Reduction Inventory Handling Price Reduction 52

The Logistics of Logistics

SEPTEMBER 25, 2023

Verusen utilizes advanced data science and artificial intelligence to harmonize disparate material data across multiple enterprise systems to provide complex supply chains with material truth for supply and inventory planning and procurement intelligence.

Optimal Sourcing 394

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 394

Material Handling and Logistics

MAY 6, 2019

A new study from the Center for Supply Chain Research at Lehigh University shows that retailers are expanding their virtual inventory without incurring additional carrying and fulfillment costs by utilizing dropship programs

Meeting 165

Meeting eCommerce Study Inventory 165

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. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

LandLink

NOVEMBER 18, 2021

Food, chemical and personal products companies, among many more, struggle to meet retail demand. The Covid virus has presented production challenges for global manufacturing.

Inventory Reduction 88

Inventory Reduction Inventory Presentation Meeting 88

WorkWave

AUGUST 8, 2023

Time To Read: 2 minutes Inventory management is a critical part of any home service business. Without proper inventory management, you can run out of essential items and materials, which can lead to unhappy customers and lost sales. There are a number of different inventory management software systems on the market.

Procurement Solutions 52

Procurement Solutions Inventory Procurement Analytics Purchasing 52