Supply Chain Game Changer

OCTOBER 14, 2022

Featuring Our 10 Best Inventory Management Articles! Effective inventory management is one of the most important aspects of running a successful business. Good inventory management means having visibility into your inventory levels at all times, so you can make sure you have enough products on hand to meet customer demand.

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Inventory Management Supply Chain Efficiency supply chain software solutions 114

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 98

Procurement Templates

NOVEMBER 21, 2024

Explore Emerging Tech: Understand blockchain’s role in tracking and IoT for inventory management. Resources: Procurement-focused podcasts and blogs. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., Use Analytics Platforms: Develop skills in Tableau or Power BI to visualize procurement data.

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Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Strategic Sourceror

AUGUST 3, 2022

But with the COVID-19 lockdowns lifted and life largely back to normal, retailers appear to have overestimated consumer demand, with their inventories far exceeding the once torrid pace of sales. Retailers aim to reduce their inventory that is piling up due to slower sales. In response, their respective inventories have swelled.

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Inventory supply chain budgeting Supply Chain Optimization Consumer demands 104

Finale Inventory

FEBRUARY 19, 2024

This blog explores the strategic importance of returns and inventory management, illustrating how strategic returns can drive business success in the dynamic ecommerce environment. This tool is crucial for sellers as it combines sales channels and ensures real-time updates on inventory.

Inventory 105

Inventory Real-time Visibility Management Quality 105

Strategic Sourceror

JULY 28, 2022

Increased levels of inflation might be a global concern, but a slowdown in consumer spending is forcing retailers to make significant price reductions on existing inventory. Add supply chain delays and seasonal purchasing habits into the mix, and retailers have been left with a double hit of unwanted inventory and limited consumer demand.

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Inventory Price Consumer demands Strategic sourcing 100

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.

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Demand Inventory Influencing Inventory control 105

Supply Chain Game Changer

AUGUST 24, 2022

Featuring Our 10 Best Inventory Management Articles! A very important part of many businesses is managing inventory. Companies in all different industries need to have inventory in stock in order to remain afloat and deliver their products to customers in a timely manner and avoid inventory management mistakes.

Inventory 93

Inventory Management Supply Chain Efficiency Supply Chain Optimization 93

Procurement Tactics

JULY 19, 2023

It includes tasks like receiving and storing inventory, fulfilling orders, and shipping products. The main aim of warehouse management is to keep track of inventory, save money, and make operations run smoothly. It ensures that businesses maintain accurate and efficient control over their inventory levels.

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Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 170

SCMDOJO

OCTOBER 30, 2024

This blog explores how MTSS platforms can be strategically utilized to build the competencies necessary for success in supply chain management. For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs.

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supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

Arkestro

JULY 11, 2023

The post CFO Dive: How predictive analytics can curb just-in-time inventory pitfalls appeared first on Arkestro. Media Assets Standard Logo Social Logo Address Arkestro, Inc. Media Assets Standard Logo Social Logo Address Arkestro, Inc. No spam, just relevant news and tips & tricks. You can unsubscribe at any time.

Inventory 96

Inventory Supply Chain Efficiency Procurement team Supply chain 96

ProcurePort

JUNE 30, 2020

When it comes to securing inventory there are two main approaches that companies can take. The first is known as sourcing – which is mainly applied to direct goods inventory. The second is procurement, which is more aligned with indirect inventory supplies.

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Sourcing Procurement Inventory Strategy 130

Procurement Tactics

JUNE 22, 2023

It is also used as a reference for invoicing, inventory management, and other financial and logistical aspects of the procurement process. Streamline Operations SO and PO helps businesses to avoid inventory shortages by clearly understanding what products they have on hand and what products they need to order.

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Purchase orders Purchasing supply chain software solutions Buyers 200

SCMDOJO

OCTOBER 23, 2024

In this blog, we will explore and compare the supply chain courses available on both platforms, diving deep into aspects such as focus and specialization, pricing, availability of practical tools, ease of use, and more.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 93

ProcurePort

JULY 7, 2022

In lean procurement, procurement teams may reduce inventories, look for ways to cut supply costs, or reduce the […]. appeared first on ProcurePort Blog. Lean procurement seeks to acquire the least number of inputs to achieve the desired outcomes or results. • The post What Is Lean Procurement or Lean Purchasing?

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ProcurePort

JUNE 30, 2022

The procurement of maintenance, repair, and operation items for manufacturing enterprises and inventory for trading companies can benefit immensely from digitization. The post How to Overcome the Top 3 Challenges to an Effective Digital Supply Chain appeared first on ProcurePort Blog.

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Supply chain Supply Inventory Procurement 130

ProcurePort

FEBRUARY 1, 2022

This information is recorded through applications that aid inventory management, warehouse management, shipping, and procurement. The post Supply Chain Analytics: What It Is & Why It Matters appeared first on ProcurePort Blog. Analysis of data from one activity, such […].

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Supply Chain Analytics Supply chain Supply chain analysis Supply 130

ProcurePort

MARCH 16, 2021

From accounting and finance to inventory, to production and internal operations; procurement affects every aspect of a company across the board. The post The Role of E-Procurement in Supply Chain Management appeared first on ProcurePort Blog. In broad scope, procurement is essentially an organization-wide effort.

Supply chain management 130

Supply chain management Supply chain management Supply chain Management 130

Procurement Tactics

JULY 20, 2023

This includes tasks such as creating purchase orders, managing inventory levels, tracking shipments, and reconciling invoices. Typically, this platform includes features such as order creation, order tracking, inventory management, supplier collaboration, and reporting capabilities.

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supply chain software solutions Suppliers Management Purchase orders 134

ivalua

NOVEMBER 26, 2020

In a blog at the very start of the COVID-19 outbreak when confirmed cases had just exceeded 40,000, we discussed the considerations for organizations facing the outbreak. We are now redefining the concept and levels of safety stock and strategic inventory within warehouses and at suppliers to ensure a bulwark against future disruptions. .

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Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategy 264

Jaggaer

DECEMBER 5, 2024

This blog explores the key insights from the report and reflects on how procurement technology can be a game-changer in addressing these pressing priorities. While companies have robust visibility over their inventory and warehousing (99%), this drops to a stark 20% when it comes to their deeper supplier networks.

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Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Supply chain 52

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity.

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Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Arkestro

DECEMBER 5, 2024

Organizations can optimize supplier selection, manage inventory levels, and adjust procurement strategies to align with changing market conditions.

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Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Supply Chain Game Changer

MARCH 16, 2022

In this blog post, we will discuss some of the most common mathematics problems that can impact a supply chain. We will also provide tips on how to solve these problems in the next blog post. Accurate forecasting is essential for ensuring that the correct level of inventory is maintained. Inventory Management.

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Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 100

SCMDOJO

FEBRUARY 26, 2025

By the end of this blog post, you will be able to not only understand what cost performance index is, but also know how to calculate it. Inventory Holding Costs vs. Stock Turnover Warehousing and inventory management involve costs related to storage, depreciation, and obsolescence.

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supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

Finale Inventory

FEBRUARY 12, 2024

Inventory is the lifeblood of your business. If you’re a retail brand, wholesale distributor, or manufacturer, inventory is the core of your business. You buy inventory, bring it into your facility, and then hope to sell it for more than you paid to generate a profit. Implementing a Barcoding System It starts with the barcode.

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Inventory Quantity Networking Management 98

SCMDOJO

JULY 29, 2022

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. S = Cost per order.

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Quantity Supply chain management Supply chain management Supply Chain Efficiency 131

SCMDOJO

JANUARY 22, 2025

” In this blog, we’ll explain how our logistics KPIs dashboard can help you improve your logistics performance. For more details, see our blog on the five basic warehouse activities you should focus on improving. Inventory Turnover: Number of times inventory is sold and replaced within a given period.

Logistics 52

Logistics Supply Chain Efficiency supply chain budgeting Order Fulfillment 52

Strategic Sourceror

OCTOBER 27, 2022

Collaboration increases inventory visibility From the toilet paper shortage to months-long back orders for home-based exercise equipment, insufficient inventory was a huge problem throughout the lockdown. They all agreed that collaboration served as a binding agent. Here's how: 1. Brought to you by the StrategicSourceror.

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Collaboration Supply Chain Efficiency supply chain software solutions Supply chain 105

Jaggaer

OCTOBER 24, 2024

In the retail sector, collaboration with suppliers can provide retailers with real-time information about inventory levels, enabling them to respond quickly to changes in consumer demand. This not only helps avoid stockouts but also reduces the need for excessive inventory, reducing overage and storage costs.

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Collaboration Innovation Suppliers supply chain budgeting 52

IBM Supply Chain Blog

MAY 1, 2024

AI tools help users address queries and resolve alerts by using supply chain data, and natural language processing helps analysts access inventory, order and shipment data for decision-making. From demand forecasting to route optimization, inventory management and risk mitigation, the applications of generative AI are limitless.

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Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 78

Strategic Sourceror

JANUARY 20, 2023

Among the most common are: Warehouse management systems: WMS software centralizes all supplier and inventory data in a single system, giving your warehouse managers complete oversight of all fulfillment functions. Brought to you by the StrategicSourceror.

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supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply Chain Optimization 104

SCMDOJO

JANUARY 23, 2023

It covers major supply chain processes such as managing supply and demand, warehousing, inventory control, transportation, and route optimization. It covers the three main procedures that make up effective supply chain planning: demand planning, sales and operations planning, and inventory and supply planning.

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Supply Chain Analytics Supply Chain Optimization supply chain software solutions supply chain budgeting 132

SCMDOJO

NOVEMBER 17, 2023

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. These are lean manufacturing, Six Sigma, Lean Six Sigma, and Agile for enhanced performance and momentum.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 98

Jaggaer

APRIL 9, 2025

Making the most of an ERP system in manufacturing means understanding how it ties into production, inventory management, and supplier coordination. Inventory Management – Effective inventory management is vital for maintaining optimal production levels without overstocking or running out of critical materials.

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Real-time Visibility Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 52

SCMDOJO

DECEMBER 14, 2023

With this in mind, we will explore in this blog the definition of Lead Time, its impact, and how mastering it can be your competitive advantage. Production Lead Time: Beyond reducing carrying costs and inventory levels, an optimized production lead time empowers businesses to respond quickly to changes in market demand.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

SCMDOJO

MAY 30, 2024

From the warehouse manager overseeing inventory to the transportation coordinator organizing routes, each member of the logistics department plays a crucial role in getting products from point A to point B. Delve deeper into our blogs to see the full journey, from raw materials to your doorstep! Intrigued by the logistics department?

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