Watch: Inventory Planning in an Unknown World
Supply Chain Brain
APRIL 22, 2024
Growing uncertainties in global supply chains necessitate a fresh approach to inventory strategy, says Warren Owen, vice president solutions consultants with Netstock.
Inventory planning Related Topics 
8 Signs You Need Inventory Planning Software
EazyStock
JANUARY 14, 2020
Do you need inventory planning software? Enterprise Resource Planning (ERP) platforms are a big investment for any organization. But unfortunately for inventory management teams, ERPs often lack functionality when it comes to more sophisticated inventory planning and replenishment requirements.
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Omni-Channel Supply Chain Network and Inventory Planning Optimization
Supply Chain Brain
NOVEMBER 16, 2022
International shoe retailer FLO wanted to meet the omni-channel customer demand while maximizing profitability by creating an end-to-end omni-channel network and inventory planning system. It employed technology from Invent Analytics to run what-if scenarios and rethink its entire network.
Inventory planning to reduce Chinese New Year disruption
EazyStock
AUGUST 8, 2023
If you’d like to know more about how EazyStock can help you manage supplier disruptions or improve your inventory management capabilities overall, please get in touch. The post Inventory planning to reduce Chinese New Year disruption appeared first on EazyStock.
Coronavirus Series Part 3 – Improving Inventory Planning During the COVID-19 Pandemic
EazyStock
JULY 13, 2020
In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. In this post we focus on inventory planning and how to optimize stock levels despite erratic customer behavior and supply restrictions. Smart Inventory Planning.
Katana Launches Tool to Manage Inventory Planning and Forecasting
Supply Chain Brain
MARCH 20, 2024
Katana's tool tracks what customers want and how much they need of specific offerings, and then forecasts when they might need those products.
Inventory Planning to Reduce Chinese New Year Disruption
EazyStock
DECEMBER 8, 2021
If you’d like to know more about how Eazystock can help you manage supplier disruptions or improve your inventory management capabilities overall, please get in touch. The post Inventory Planning to Reduce Chinese New Year Disruption appeared first on EazyStock.
How to improve sell-through rate (STR) to optimize inventory planning
Supply Chain Dive
JUNE 12, 2023
A high sell-through rate indicates that products are being sold quickly and efficiently, and inventory can be replenished in time for availability.
How Black Friday and Cyber Monday test supply chain adaptability and resilience
Supply Chain Dive
NOVEMBER 17, 2023
How proactive inventory planning and operations management can keep brands from falling behind during the holiday season.
PVH taps H&M veteran as new supply chain chief
Supply Chain Dive
AUGUST 1, 2022
David Savman assumes the role as the Calvin Klein and Tommy Hilfiger brands revamp their model, tying inventory planning to demand.
Supply Chain Network Design — Everything About Supply Chain
Procurement Tactics
JUNE 8, 2023
Inventory planning One of the most challenging aspects of supply chain management is inventory planning and management. It involves identifying the optimal level of inventory that needs to be stored and transported, as well as planning for fulfillment time and response time that must be maintained.
Is 'Just-in-Time' Supply Planning a Covid Casuality?
Supply Chain Brain
JULY 23, 2022
Is "just-in-case" inventory planning replacing "just-in-time" supply chain management?
Day in the life of a Supply Chain Leader: Discover The Future of Planning
Solvoyo
MARCH 2, 2022
Effective supply chain management begins with aligning supply, demand, and inventory planning according to business strategies. You need integrated, automated, and intelligent planning systems to manage millions of daily decisions.
Why Is Promotion Planning Important In Inventory Management?
Solvoyo
APRIL 28, 2021
Promotion-sensitive demand forecasts at the granular level are then used to adjust inventory targets and drive additional replenishment and procurement decisions. Also, business KPIs such as customer satisfaction and sales conversion are heavily dependent on inventory availability.
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What is Inventory Management? Definition, Types and Importance
TYA Suite
DECEMBER 16, 2022
In this term, it mainly focuses on monitoring accurate sales records of manufacturing products to enable appropriate inventory needs of the business. Besides this, the inability for presenting accurate inventory plans and forecast sales has benefited from the application of the MRP procedure. It is a financial ratio.
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Inventory Forecasting — Everything You Should Know
Procurement Tactics
JUNE 6, 2023
It uses probabilistic forecasting techniques to anticipate demand variability and optimize inventory levels, helping businesses achieve higher service levels with minimal stockouts. Anaplan Inventory Planning Anaplan offers an inventory planning solution that includes forecasting capabilities.
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Part 1: 3 ways retailers can gift themselves with enhanced inventory management this holiday season
IBM Supply Chain Blog
AUGUST 9, 2021
Fulfillment promises are only achieved when inventory visibility is available in real-time, and this includes having clarity on upcoming deliveries, historic sales data, customer engagement with inventory and of course, sales. 3: Welcome an endless aisle into your inventory management that connects you to more customers, more often.
A Comprehensive Guide to Multi-Echelon Inventory Optimization (MEIO) with Finale Inventory | Ecommerce
Finale Inventory
AUGUST 8, 2024
Key Components of MEIO MEIO involves several key components that work together to enhance inventory management: Demand Forecasting: Accurate forecasting helps anticipate customer demand and enables effective inventory planning. With these features, Finale Inventory helps businesses apply MEIO principles effectively.
Overcoming Black Friday purchasing and warehouse challenges
EazyStock
NOVEMBER 17, 2022
Inventory, POS, shipping, web shops, and accounting software must be able to keep up to avoid lost revenue. The key is to keep track of your inventory planning and purchasing processes. Analyze sales and make accurate demand tests The first step for good inventory planning is to use accurate demand forecasts.
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Overcoming Black Friday purchasing and warehouse challenges
EazyStock
NOVEMBER 17, 2022
Inventory, POS, shipping, web shops, and accounting software must be able to keep up to avoid lost revenue. The key is to keep track of your inventory planning and purchasing processes. Tips for inventory planning during Black Friday. The first step for good inventory planning is to use accurate demand forecasts.
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EazyStock - Untitled Article
EazyStock
NOVEMBER 17, 2022
Inventory, POS, shipping, web shops, and accounting software must be able to keep up to avoid lost revenue. The key is to keep track of your inventory planning and purchasing processes. Tips for inventory planning during Black Friday. The first step for good inventory planning is to use accurate demand forecasts.
Setting Up an Inventory System: A Step-by-Step Guide with Finale Inventory | Ecommerce
Finale Inventory
JULY 10, 2024
Step-by-Step Guide to Setting Up Your Inventory System This is a step-by-step process of setting up your inventory system with Finale Inventory: Planning Your Inventory Structure Before entering data into Finale Inventory, plan your inventory structure.
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Adding New Dimensions to the Kraljic Matrix
The Good Spending
JANUARY 4, 2023
Category strategy will elaborate on logistical and supply management aspects, i.e., inventory planning and supply chain configuration. Buyers of direct materials will empathize with the availability and quality of an item rather than the price itself. Indirect materials are more about cost excellence.
Inventory Management Resource Center | Finale Inventory | Ecommerce
Finale Inventory
SEPTEMBER 17, 2024
Here’s a closer look at these components: Inventory Planning: Forecasting demand accurately and planning inventory levels. Order Processing: Managing incoming orders and allocating inventory for fulfillment efficiently. Inventory Tracking: Monitoring stock levels, locations, and movements in real-time.
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5 Strategies For Improving Distribution Operations: An Essential Guide
SCMDOJO
FEBRUARY 20, 2023
Improve Inventory Planning & Optimize Inventory The right inventory level can maximize efficiency, reduce costs, and improve customer satisfaction. The key is to balance having enough stock on hand to meet customer demand without maintaining excess inventory.
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Is Anticipation Inventory Key for Your Inventory Strategy? | Ecommerce
Finale Inventory
AUGUST 16, 2024
Regularly updating forecasting models ensures inventory levels match anticipated demand, helping avoid stockouts or excess inventory. Key Considerations in Anticipation Inventory Planning When planning anticipation inventory, consider historical sales data, market trends, customer behavior, and product lifespan.
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ERP inventory management – how advanced is your ERP?
EazyStock
NOVEMBER 17, 2020
Inventory management teams will begin to see limitations with their ERP system when they want more sophisticated inventory optimization solutions. This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities.
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Mastering Returns Management: The Ultimate Guide to Streamlining Your E-commerce Process
SCMDOJO
JANUARY 17, 2024
Inventory Planning Methods This guide aims to describe the present use, application, and characteristics of selecting various inventory planning methods and to explain how the methods are applied by supply chain professionals.
The role of warehouse technology and automation in supply chain management
EazyStock
MAY 20, 2022
We’ll also look at some current and emerging technologies, and how they can enhance your inventory planning and optimization strategies. Automating warehouse management processes can remove the need for manual inventory tracking. In this article, we explore the benefits of warehouse automation.
Why AI Technology Revolutionizes Inventory Management
Finale Inventory
SEPTEMBER 17, 2024
Evaluating Product Stock Velocity AI tools can assess product stock velocity, which refers to the rate at which inventory is sold and replenished. This insight allows for better inventory planning and management, ensuring that high-velocity items are stocked appropriately while minimizing excess inventory for slower-moving items.
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How MTSS Platforms Can Prepare the Next Generation of Supply Chain Professionals
SCMDOJO
OCTOBER 30, 2024
For example, a module on demand forecasting might teach students how to use historical sales data and market trends to predict future demand, allowing for more accurate inventory planning and reduced stockouts.
The Truth About Inventory Management Challenges You Should Know
TYA Suite
MAY 14, 2023
You must develop an inventory plan that can accommodate changing customer demands. With TYASuite inventory management software, you can forecast demand and setup orders as per changing customer inclinations, stock availability, and other trends. We are aware that customer needs are constantly changing with time.
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Streamline Your Growth with Efficient Inventory Software from Finale Inventory | Ecommerce
Finale Inventory
SEPTEMBER 4, 2024
Additionally, Finale Inventory offers advanced forecasting features, enabling accurate demand predictions and inventory planning. Implementing Finale Inventory Software in Your Business Integrating Finale Inventory into your ecommerce business is a straightforward process.
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Elevate Efficiency: A Guide to integration of WMS for E-commerce
SCMDOJO
NOVEMBER 24, 2023
Inventory Planning Methods This guide aims to describe the present use, application, and characteristics of selecting various inventory planning methods and to explain how the methods are applied by supply chain professionals.
5 Effective Solutions to Common Inventory Management Challenges | Ecommerce
Finale Inventory
AUGUST 15, 2024
By centralizing inventory management, companies can optimize their supply chain processes, lower carrying costs, and improve order fulfillment accuracy. This approach also facilitates better demand forecasting and inventory planning, leading to increased customer satisfaction and loyalty.
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Techniques of Inventory Control to Improve Inventory Management Efficiency
TYA Suite
AUGUST 6, 2024
Choosing between FIFO and LIFO can affect financial reporting and tax liabilities, but it also influences how businesses manage inventory turnover and obsolescence. Demand Forecasting and Inventory Planning Demand forecasting is the process of projecting future demand using previous data, industry trends, and outside variables.
9 Key Benefits of Asset Tracking with Finale Inventory | Ecommerce
Finale Inventory
AUGUST 9, 2024
By automating the tracking process, businesses can eliminate manual errors and ensure that their inventory information is always current. This accuracy allows for precise inventory planning, reduces the risk of stockouts, and improves order fulfillment rates.
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How to Become a Supply Chain Game Changer! RateLinx Interviews Mike Mortson!
Supply Chain Game Changer
MARCH 2, 2021
Additionally, more attention must be paid to strategic inventory planning. These might include extensive outsourcing, inventory planning, and heightened disaster preparedness. Particularly as more companies adopt e-commerce channels, this is a way to remain connected to customers and keep sales alive.
Supply Chain Department – A Typical Structure
SCMDOJO
MARCH 19, 2024
If you are responsible for planning the inventory of your organization, our Inventory Planning guide is a must-have for you! Communicate with suppliers to source materials, negotiate pricing, and ensure timely deliveries. Grab yours now!
Role of Stock Turnover Calculation in Inventory Optimization
SCMDOJO
SEPTEMBER 20, 2024
To maintain an optimum level of inventory, businesses should adopt strategic stocking to gain business success in terms of profit. Here, you can design a holistic approach with our E-book Guide-Inventory Planning Method-The Ultimate Guide.
Effective Stock Replenishment: Why you need it & how to achieve it
EazyStock
NOVEMBER 19, 2020
The secret to achieving great stock replenishment is optimizing inventory levels at each stage of the supply chain. This can be done by centralizing inventory planning activity, so forecasting and replenishment activities are both done with a holistic view of the supply chain.
Perpetual Inventory vs. Physical Inventory: Key Differences Explained | Ecommerce
Finale Inventory
JULY 23, 2024
This provides real-time visibility into inventory levels and ensures accurate stock information is always available. Perpetual inventory also improves demand forecasting and inventory planning. Benefits of Using Perpetual Inventory Perpetual inventory offers several advantages for ecommerce businesses.
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Big data and inventory management
EazyStock
JUNE 23, 2022
This can help identify bottlenecks and improve the efficiency of inventory planning activity to avoid wasting unnecessary time, money, warehouse space, and resources. Big data can help improve demand forecasting accuracy , allowing you to determine when, what, and how much inventory to stock to meet customer demand.
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