article thumbnail

Inventory Forecasting — Everything You Should Know

Procurement Tactics

The Importance of Forecasting Your Inventory Imagine you are the owner of a bustling retail store, offering a wide range of products that customers love. Your goal is to keep your shelves stocked with the right amount of inventory at all times. Trend Forecasting Trends represent changes in product demand over time.

Inventory 170
article thumbnail

Part 1: 3 ways retailers can gift themselves with enhanced inventory management this holiday season

IBM Supply Chain Blog

With many merchants facing challenged supply chains and weakened operations as a direct result of COVID-19, this season may not be the happiest time of year for retailers – despite the holiday’s historic reputation to deliver just that. 3: Welcome an endless aisle into your inventory management that connects you to more customers, more often.

article thumbnail

5 Strategies For Improving Distribution Operations: An Essential Guide

SCMDOJO

It involves various activities, such as warehousing, inventory management, transportation, and logistics. Effective Distribution Operations require careful planning, coordination, and execution to ensure that products reach their intended destinations in a timely and cost-effectively.

Strategy 115
article thumbnail

Walmart Supply Chain: Building a Successful Integrated Supply Chain for Sustainable Competitive Advantage

SCMDOJO

The company has implemented sophisticated barcode scanning and point-of-sale systems to collect real-time data from its stores. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

article thumbnail

What’s new in the automotive supply chain? (Hint: Inventory Replenishment Policies)

The Network Effect

Although many factors are considered when choosing proper replenishment policies, primary consideration is typically given to the specific lean manufacturing strategy being deployed, the variability of customer demand, and the overall logistics footprint in terms of delivery lead times.

article thumbnail

Defining the New Normal in Supply Chain! What’s Normal Anyways?

Supply Chain Game Changer

The very real problem of healthcare Personal Protective Equipment (PPE) and ventilator shortages has highlighted problems with National Strategic Stockpiles. The visibility to and the impacts of this disruption is also unprecedented. More Strategic Inventory Planning. What’s the New Normal in Supply Chain?

article thumbnail

9 Key Benefits of Asset Tracking with Finale Inventory | Ecommerce

Finale Inventory

Asset tracking is the systematic management of physical assets, such as inventory, equipment, and supplies, throughout their lifecycle. It includes monitoring their movement, location, and status in real-time to ensure accurate visibility and control.