AIMMS

JANUARY 20, 2021

Inventory management has always been challenging. Too often, inventory is viewed from an aggregate position, likely driven by finance, who are concerned about working capital implications. Inventory should act as a buffer to adsorb variability and decouple the demand from the supply side of our supply chains. – Tweet this.

Inventory 62

Inventory Optimization AIMMS Exercises 62

GlobalTranz

JANUARY 21, 2015

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. The distributor maintains the inventory plan. What is Reverse Marketing?

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

Logistics Bureau

JANUARY 16, 2025

When we talk about building a resilient supply chain, we’re not just discussing having backup suppliers or extra inventory. Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards. Typically it involves carrying extra inventory and hiring more workers than absolutely necessary.

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies Supply Chain Software 74

Logistics Viewpoints

JANUARY 18, 2022

As we have seen in 2021, businesses automated and integrated supply chain planning capabilities, including demand-sensing , dynamic safety-stock management , inventory optimization , and external collaboration. this experience has changed how we dress and exercise. Although we may not go back to those days (hopefully!),

Supply Chain Planning Software 123

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 123

Logistics Viewpoints

AUGUST 1, 2024

In this scenario, by adopting an adaptive supply chain, the retailer uses real-time data analytics to identify emerging trends and collaborate closely with suppliers to quickly adjust production and inventory levels to meet customer demand. This collaboration enables faster response times and cost savings.

Supply Chain Design Software 125

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Scenario Planning 125

LandLink

DECEMBER 9, 2021

With freight rates expected to continue their northbound trend and stressed equipment inventories at an all-time high, a year-end audit may be beneficial. Typically, this is a no cost exercise provided by your 3PL so there is every reason to have the review done.

Supply Chain Planning Software 86

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 86

Logistics Bureau

DECEMBER 6, 2024

This process involves handling returns, which can be due to various reasons, such as damage, defects, seasonal inventory, restock, salvage, recalls, or excess inventory. They may recall inventory from retailers or reprocess it because it has passed its sell-by date or demand is insufficient.

Reverse logistics 74

Reverse logistics Cost Reduction Vendor Strategies Inventory Reduction 74

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

Logistics at MPEPS at UPV

MARCH 29, 2023

Of course, it used to be much cheaper when I lived with my parents… In conclusion, this small inventory control exercise showed the benefits of keeping track of the stuff you buy, even though they are essential goods. Also, having a meal schedule is really useful.

Inventory 52

Inventory Eliminating Excel in Purchasing Purchasing Skills Exercises 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. APS are complex, live production environments requiring extensive configuration to accurately model a business’s operational reality.

Scenario Planning 125

Scenario Planning Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 125

Logistics Viewpoints

FEBRUARY 2, 2023

Instead of manually entering data at set intervals throughout the month – an after-the-fact exercise prone to errors and omissions – an automated solution captures billable activities correctly in real-time, improving overhead utilization, cost control, and revenue leakage at once.

Supply Chain Planning Software 109

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Negotiating Skills 109

Logistics Bureau

DECEMBER 18, 2017

Good inventory management, like everything else, starts with good planning. But planning isn’t just the start; it’s the very foundation of effective inventory control. Inventory planning also happens to be an area that many companies fail to prioritise sufficiently. The Basics of Inventory Planning.

Supply Chain Planning Software 40

Supply Chain Planning Software Inventory Reduction Inventory Scenario Planning 40

Logistics Viewpoints

JANUARY 13, 2022

Understanding and assessing the tradeoffs between the costs of labor, inventory, transportation, and carbon footprint while going through these pivots will be crucial. Carrying out such design exercises on a frequent basis allows for organizations to pivot quickly to either tackle disruptions or to take advantage of opportunities.

Supply Chain Design Software 123

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 123

Logistics Bureau

DECEMBER 24, 2024

Merely dealing with the complexity of transport networks, contractors, inventories, industrial unions, and cost control is tough enough for many enterprises, so achieving 98% on-time performance is, for some, just a dream.On It must be a joint exercise. This is a mistake. As a rule of thumb, no more than six KPIs should be used.

Outsourcing 52

Outsourcing Warehousing Negotiating Skills Purchasing Skills 52

ShipLilly

AUGUST 5, 2021

The first thing is to consider the discretion exercised by the shipping companies when calculating the congestion surcharge. The advantage of a virtual warehouse is the possibility of real-time updates of global logistics assets including inventory and transport. How to reduce or avoid port congestion surcharges?

Negotiating Skills 98

Negotiating Skills Cost Reduction Inventory Reduction Exercises 98

Logistics Bureau

APRIL 19, 2021

If you’ve never done a benchmarking exercise before, read on. If, for example, you are concerned about the pick rates in your warehouse, or your transport costs, or your inventory accuracy, benchmarking can help you because it can show you exactly where your performance is compared to others in your industry. Informal Benchmarking.

Supply Chains 76

Supply Chains Exercises Picking Video 76

Dedola Global Logistics

JULY 3, 2024

The True Cost of Delays: Delays caused by fixed-rate contracts can have severe financial impacts, particularly for seasonal, perishable, and just-in-time inventory products. Seasonal Goods: Delays can make seasonal products unsellable, leading to inventory write-offs.

Inventory Reduction 81

Inventory Reduction Price Reduction Cost Reduction Freight 81

Logistics Viewpoints

JULY 22, 2021

nodes), flows of the products between origin-destination pairs, and policies (inventory, replenishment, asset utilization etc) with no clear accountability on how the recommendations make their way into planning and execution. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks.

Supply Chain Planning Software 113

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Scenario Planning 113

Talking Logistics

JUNE 29, 2017

The first one arrived a few years ago when a growing number of companies started treating supply chain design as a continuous business process instead of a standalone project or a once-a-year exercise. In short, the manufacturer realized some time ago that it was setting inventory policies based on outdated lead time and forecast data.

Supply Chain Design Software 43

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 43

Logistics Viewpoints

JUNE 26, 2023

The algorithms generate recommendations on optimal ways to rebalance inventory based on cost and service level impacts. This exercise was previously a cumbersome manual exercise done on a weekly basis for the top 45 stock keeping units (SKUs). This visibility is key to both the root cause analysis and the inventory rebalancing.

Supply Chain Planning Software 84

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 84

Kane is Able

JUNE 27, 2019

Warehouse optimization modeling exercises examine the upside of being closer to customers versus the downside of carrying more inventory in more locations. Distribution network optimization has become a white-hot topic these days as “the Amazon effect” leads businesses to evaluate how quickly they can get products to customers.

Network Optimization Software 50

Network Optimization Software Modeling Software Optimization Modeling Optimization Software 50

Logistics Viewpoints

OCTOBER 21, 2021

The rapid shifts to eCommerce during the pandemic caused retailers and brand owners alike to flex their network nodes (where goods are made and inventories are stocked) significantly. However, with the new generation technologies, it now is practical to keep the data feeds fresh to make the modeling exercises a continuous, ongoing discipline.

Supply Chain Design Software 104

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 104

SYSPRO Smarter ERP

AUGUST 22, 2022

Challenge: The supply of raw materials and achieving optimum inventory levels. Investing in technology solutions like ERP is an expensive exercise and by not investing resources into training and education, manufacturers will not obtain the return on investment.

Supply Chain Design Software 105

Supply Chain Design Software Manufacturing Procurement Optimization Software Supply Chain Software 105

Logistics Bureau

JANUARY 7, 2020

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. If your supply chain network design has not been under the microscope, and you care about business success, it’s probably time to consider the benefits of a design review and optimisation exercise.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 111

AIMMS

JANUARY 30, 2019

None of the respondents share data across multiple applications to manage inventory, network design and S&OP in an integrated way. Care should be exercised though , because the same reasons that have made the technology more accessible should’ve made it more affordable.

Supply Chain Design Software 92

Supply Chain Design Software Supply Chain Software Supply Chain Design Optimization Software 92

Logistics Bureau

OCTOBER 2, 2016

If your supply chain network design has not been under the microscope, and you care about business success, it’s probably time to consider the benefits of a design review and optimisation exercise. Inventory shortages. Inventory and storage costs. Inadequate inventory management. Long delivery lead times.

Supply Chain Design Software 99

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 99

SYSPRO Smarter ERP

AUGUST 2, 2023

Challenge Four: Optimize materials planning and visibility By leveraging ERP analytics, medical device manufacturers can optimize inventory levels through accurate forecasting, minimizing forecast errors and improving order fulfillment performance.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 98

Logistics Viewpoints

MAY 26, 2022

There are lively debates about the meaning and prioritization of scale, globalization, outsourcing, and inventory optimization. Across many of our industries, conventional wisdom about best practices for supply chain operations and logistical networks is being challenged.

Supply Chain Software 135

Supply Chain Software Optimal Sourcing Supply Chain Design Software Logistics Network Optimization Software 135

Logistics Viewpoints

AUGUST 7, 2024

Other basic foundational tasks for setting up a good cybersecurity program include doing a good asset inventory. This all starts with a cyber assessment of the built environment.

Supply Chain Software 122

Supply Chain Software Manufacturing Procurement Logistics Network Optimization Software Automation 122

Logistics Viewpoints

SEPTEMBER 28, 2021

Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility. We should be able to see, with the click of a button, how much product is at the port of destination. And what is sitting in the warehouse. And at the cross-dock. And in the rail car.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 98

Logistics Bureau

APRIL 15, 2016

The purpose of a warehouse is to provide storage of products to meet customer demands and inventory allows the decoupling of demand and supply. Often this inventory is used to smooth out the supply chain from disruptions (whatever they might be). All of these symptoms potentially are a sign that a slotting exercise is overdue.

Waste Reduction 73

Waste Reduction Supply Chain Planning Software Cost Reduction Inventory Reduction 73

Logistics Bureau

DECEMBER 19, 2022

A detailed exploration of slotting methodology will come later in this article, but it’s worth mentioning now that slotting should focus on inventory ergonomics (for want of a better expression). It also stands to reason that when you undertake a slotting exercise, you should think about it from the perspective of these activities.

Production 98

Production Inventory Reduction Cost Reduction Resource Reduction 98

Turvo

NOVEMBER 16, 2021

In such tricky times, exercising forward-thinking and planning shipments in advance can help businesses take advantage of the holiday season. These businesses and other stores that won’t be able to secure enough inventory to stay afloat run the risk of shutting shops. . Stocking up on the inventory is the need of the hour.

Freight 85

Freight Supply Chain Planning Software Scenario Planning Security 85

Logistics Bureau

OCTOBER 1, 2024

Optimizing Inventory Management So what are some of the causes for warehouses getting clogged up like this? Well, a lot of it is related to inventory management. If we look at the right hand layout, which is after going through a slotting exercise, you can see how all of the faster movers are now down towards the dispatch area.

Capacity 75

Capacity How To Sorting Purchasing Skills 75

Logistics Bureau

JULY 18, 2022

Inventory levels. The added benefit of working with such a partner is that because they collect performance data from hundreds of companies, they can help you choose the most appropriate key performance indicators to use in your benchmarking exercise. Inventory optimization software. Vendor-managed inventory or replenishment.

Inventory Reduction 98

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 98

Logistics Bureau

MARCH 3, 2019

What levels of inventory availability do you require? How fast are your inventory turns? Will your inventory volumes fluctuate much due to seasonality, or only a little? At the wholesaler or distributor level, you might be accessing inventory down to case level and then in the convenience store stock room, individual bottles.

Supply Chain Design Software 103

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Scenario Planning 103

PINC

JANUARY 22, 2020

Here’s a synopsis of his most-read articles for the year and the evergreen insights that he shared with readers: Excess Inventory? The High Cost of The One Percent Inventory Accuracy in Your Supply Chain (Logistics Viewpoints). That’s because most of the inventory management process is still a manual activity,” Yearling points out. “I

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Article Supply Chain Software Supply Chains Logistics Network Optimization Software 10