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 121

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Inventory 121

Logistics Viewpoints

AUGUST 9, 2022

For months, retailers have been stockpiling massive amounts of goods to meet surging consumer demand, and compensate for ongoing supply and logistics issues. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management? Complete visibility into inventory.

Inventory Reduction 141

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Inventory 141

Logistics Viewpoints

JANUARY 24, 2022

Google and Twitter mainly monetize the data through targeted advertising. The value of the data captured by Google and Twitter has made them the darlings of Wall Street. But it turns out big logistics firms also generate Big Data, and they are also working to monetize this data. We have always been good at capturing data.

Data 154

Data Logistics Network Optimization Software Packaging Sorting 154

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 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

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

Logistics Viewpoints

SEPTEMBER 25, 2024

IoT: Powering the Future of Digital Product Passports The Internet of Things (IoT) continues to impact how industries track products and manage data. This network of devices enables seamless, automatic data collection from physical objects in near real-time.

Supply Chain Design Software 149

Supply Chain Design Software Supply Chain Planning Software Data Digital 149

Amware Logistics and Fulfillment

DECEMBER 20, 2024

Traditionally reliant on historical data and manual forecasting, predictive analytics has now evolved to harness real-time data and machine learning to anticipate trends with remarkable precision. AI is not just a tool; its a game-changer for businesses striving to stay competitive in a rapidly shifting marketplace.

Supply Chain Software 156

Supply Chain Software Supply Chains Optimization Software Inventory Reduction 156

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 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. But what exactly does inventory optimisation mean, and what obstacles must first be broken down to achieve it?

Inventory Reduction 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

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

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

Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Reduction 104

Inventory Reduction eCommerce Inventory Procurement Solutions 104

Logistics Viewpoints

AUGUST 1, 2024

By embracing collaboration, real-time data, and a focus on sustainability, companies can build resilience, improve margins, and gain a competitive edge. They also performed Transportation and Inventory Optimization to ensure that products are delivered on time and with minimum inventory.

Supply Chain Design Software 160

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Scenario Planning 160

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. 1: Inventory Turns. million)/2 = 6.76.

Inventory Reduction 106

Inventory Reduction Inventory Cost Reduction Purchasing Skills 106

Logistics Viewpoints

OCTOBER 2, 2024

The Ecosystem Today The logistics ecosystem is being transformed by the rise of connected vehicles equipped with IoT sensors and data-driven technologies. These vehicles collect and transmit real-time data on location, speed, fuel consumption, and cargo conditions, enabling more dynamic decision-making. What Are The Challenges?

Supply Chain Planning Software 154

Supply Chain Planning Software Warehousing Supply Chain Software Optimization Software 154

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.

Supply Chain Planning Software 213

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 213

Ship Monk

JANUARY 31, 2024

Of course we’re talking about your ecommerce store’s data security. Exposure Through Data Transfer When you work with any third-party vendors, data is transferred between platforms. Data Security Protection 1.) who can see the data?), data encryption protocols (i.e.

eCommerce 105

eCommerce Security Supply Chain Planning Software Supply Chain Design Software 105

Logistics Viewpoints

JULY 10, 2024

Supply chain resilience refers to planning for things that could go wrong and then creating inventory buffers or contingency plans. SCP solutions provide a solid ROI based on hitting targeted service levels with less raw material, work-in-process, or finished goods inventory. The ability to meet that demand can be less than expected.

Supply Chain Planning Software 153

Supply Chain Planning Software Scenario Planning Supply Chain Design Software Supply Chain Software 153

Logistics Viewpoints

NOVEMBER 4, 2024

More recently, demand planning applications based on machine learning have improved forecasting by incorporating competitor pricing data, store traffic, and weather data. ML techniques like clustering, data similarity, and semantic tagging can automate master data management.

Supply Chain Planning Software 164

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 164

Logistics Viewpoints

APRIL 12, 2023

I therefore took the opportunity to meet with a few of the independent consultants in attendance. Secondarily, many of the assets are linear, rather than discrete, requiring different forms of location and measurement data. I recently attended Körber Supply Chain’s user conference, Elevate 2023.

RFID 158

RFID Inventory Distribution Ordering 158

Logistics Viewpoints

JUNE 8, 2021

Whether considering where to start or what they have to gain, most merchants find the necessary insights to move forward with business intelligence tools that mine their own fulfillment data and customer interactions. How can we strategically house inventory to better support gig integration? Critical data to track.

Supply Chain Planning Software 176

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Negotiating Skills 176

Stord

APRIL 16, 2024

While everyone at Stord accomplished a lot in 2023, let’s take a moment to meet some of our leadership team, and explore what they have planned for 2024 and beyond! We also launched the Culture Club, a collaborative monthly meeting of volunteers across Stord. You can do almost anything on its platform with your CRM data.

Supply Chain Planning Software 88

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 88

Logistics Viewpoints

OCTOBER 17, 2022

The integrated business plan is at the heart of balancing projected demand with the capacity needed to meet that demand. They need supply planning capable of concurrent planning, multi-enterprise supply chain networks, real-time supply chain alerts across an n-tier supply chain, and a data lake. The Data Lake.

Supply Chain Planning Software 176

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 176

Stord

OCTOBER 15, 2024

Analytics for Risk Management This isn't your grandmother's data analysis; we're talking about sophisticated pattern recognition that makes your shipping operation smoother than a freshly waxed surfboard. And how do you pick the right carrier if you are now receiving new data of damaged packages?

Data 78

Data Ordering Negotiating Skills Supply Chain Design Software 78

Logistics Bureau

DECEMBER 4, 2024

We all know it’s at the heart of most businesses, but what comes under the umbrella of inventory and how is that different to stock? What is Inventory? Inventory can best be described as any materials or goods that pass through or are held in your business and are necessary in order to carry out your trade.

Inventory Reduction 48

Inventory Reduction Inventory Material Savings Cost Reduction 48

3PL Links

OCTOBER 29, 2024

Image source: Pexels | How Real-Time Inventory Tracking Can Boost Your Profit in 2025 In today’s fast-moving business environment, real-time inventory tracking has become a critical tool for optimizing operations, cutting costs, and driving profitability. But how exactly does real-time inventory tracking impact your bottom line?

Inventory Reduction 62

Inventory Reduction Optimal Sourcing Inventory Cost Reduction 62

Logistics Viewpoints

SEPTEMBER 11, 2024

5G is playing an increasingly significant role in logistics, where data transfer speed and security are crucial. Supply chains can now handle larger amounts of data in real time, allowing for quicker decision-making. Ensuring that data transmitted between vehicles, warehouses, and control centers is secure is essential.

Supply Chain Planning Software 154

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimization Software 154

Logistics Viewpoints

DECEMBER 5, 2023

This involves identifying the systems, assets, data, and capabilities that are critical to the business’s operations, as well as the threats and vulnerabilities that could affect them. Assess Third-Party Vendors: Warehouse and DC operators often work with third-party vendors for logistics and inventory management.

Supply Chain Planning Software 157

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Vendor Strategies 157

SYSPRO Smarter ERP

MAY 14, 2024

It’s a strategic move you’ve likely pondered over countless meetings and budget reviews. As recently as 2021, survey data reveals that 98% of manufacturers have, are, or are planning to implement an eCommerce strategy. There’s also the lingering concern: “Are we just too late to the game?”

Manufacturing Procurement 110

Manufacturing Procurement eCommerce Supply Chain Planning Software Optimization Software 110

Logistics Viewpoints

APRIL 24, 2024

Elliott pointed to four main predictions for 2024, and then outlined the three pillars of how Körber will be able to meet the goals that align with these predictions. Data Visibility. Data is at the center of all decisions across the supply chain. Available to sell is the on-hand inventory minus any promised inventory.

Course 149

Course Supply Chain Planning Software Optimization Software Supply Chain Software 149

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 78

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 78

Logistics Viewpoints

JULY 19, 2021

Svend Lassen, head of reporting & data analytics for commercial and supply chain at Tata Steel Europe, explained that there needs to be a clear understanding of how any digital project will improve margins before the project is approved. “We Planners come up with data-proven forecasts on what the market may buy.

Supply Chain Planning Software 165

Supply Chain Planning Software Scenario Planning Negotiating Skills Logistics Network Optimization Software 165

Logistics Viewpoints

AUGUST 18, 2021

Supply shortages, low inventory to sales ratios, and hiring lags are noted as factors at play. Data as recent as the end of June 2021 show that inventories remain below 1.3 With that said, let’s take a look at some recent and more granular data on sales, prices, and supply chain performance. Yesterday, the U.S.

Supply Chains 197

Supply Chains Manufacturing Procurement Purchasing Skills Price Reduction 197

Logistics Viewpoints

APRIL 4, 2024

During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. Looking back on that week of straight rain in August, not only were my tips affected, but the data for future forecasts was as well! Being able to do this automatically using AI saves planners so much time and hassle.

Scenario Planning 151

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 151

SYSPRO Smarter ERP

JUNE 19, 2024

What you can achieve with inventory management in ERP Inventory is a major item on a manufacturer’s balance sheet that can seriously impact cash and working capital, and inventory management in ERP can contribute to improving it. Several inventory-related processes can be improved if managed properly.

Inventory Reduction 52

Inventory Reduction ERP Optimal Sourcing Inventory 52

Logistics Viewpoints

MAY 23, 2024

This involves setting up numerous parameters like lead times, inventory levels, production capacities, and demand forecasts, all of which must be adjusted for different scenarios. By aggregating and disaggregating data in a manner similar to existing S&OP processes, ISP ensures consistency and clarity.

Scenario Planning 142

Scenario Planning Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 142

Stord

NOVEMBER 13, 2024

Black Friday and Cyber Monday (BFCM) have become the centerpiece of many brands’ ecommerce calendar - offering unprecedented opportunities for online retailers to boost sales, attract new customers, and move inventory. BFCM by the Numbers Data from 2023 showed a record-setting turnout of 200.4 Win Your Inventory.

Inventory Reduction 148

Inventory Reduction How To Cost Reduction Procurement Solutions 148