IBM Supply Chain Blog

AUGUST 9, 2021

This clarity is delivered by data, ultimately providing real-time visibility into inventory both accessible and not accessible to consumers at any given time and via any channel they interact with. Expanding on this, here are three ways retailers can gift themselves this holiday season through inventory management. #1:

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Supply Chain Game Changer

JULY 31, 2019

In fact, we recently brought on a new Cannabis client who’s scaling up a strategic sourcing operation in all of their Procurement, so that all their spend is captured and accounted for as they grow, rather than after. But if you don’t have any of that expertise, you’ll get zero.

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Supply Chain Game Changer

MARCH 2, 2021

After watching customers scramble to source household toiletries and life-saving PPE, supply chains are left wondering, “What comes next?”. New Sourcing and Planning Strategies are Key. One critical part of developing resiliency is diversified sourcing.

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Supply Chain Game Changer

JULY 15, 2021

The time it takes to complete each element of your supply chain affects your inventory planning and cash flow. Suppose you want to facilitate shorter customer times while following lean business management principles and using just-in-time inventory management. Source from local suppliers.

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Supply Chain Game Changer

JULY 14, 2020

Whether it be logistics, planning, procurement, or distribution for instance it may be more robust for companies to outsource some or all of these functions to firms that are industry experts in these areas. Dual Sourcing. A clear problem highlighted by the pandemic is with single sourcing strategies. Automation Everywhere.

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Supply Chain Trend

JULY 18, 2019

However, planning wasn’t the strongest feature and the promise of ERP to have common data and one source of truth across the enterprise has never been achieved. Wave 2 – Advanced Planning Systems. The common principles of demand, supply and inventory planning that APS must address hardly changed over the years.

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SCMDOJO

DECEMBER 11, 2023

Data Collection and Aggregation: Procurement Data Sources: Gathers information from various sources such as invoices, purchase orders, and contracts. By tracking usage patterns and trends, the report offers valuable insights into the demand for various materials, aiding in inventory planning and management.

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Supply Chain Game Changer

FEBRUARY 15, 2022

A grounding in all of these areas and disciplines is excellent and mandatory for anyone looking to work in Supply Chain.

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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. Manual inventory management processes make execution faulty and inefficient.

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SCMDOJO

NOVEMBER 2, 2023

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. They come from a variety of backgrounds. Hire any of them as your supply chain consultant and see the difference! You can Hire Matias or start a conversation from here

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Supply Chain Game Changer

MAY 6, 2021

A business can aggregate the RFID readings from many sources and know exactly where the products are and how many are in the distribution channel. However, the power of AI lets managers make better demand forecasts and inventory planning decisions. RFID tags are more expensive than barcodes. Automated Warehouses.

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Supply Chain Game Changer

JANUARY 8, 2020

Companies have realized that big data allows them unparalleled insight into the best ways to source raw materials and products, and the best ways to move those products to consumers – and Supply Chain Management has become a key strategic differentiator in a number of industries.

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EazyStock

JUNE 23, 2022

This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it! Big data helps accurate customer demand forecasting.

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Finale Inventory

SEPTEMBER 4, 2024

For example, if you notice a rise in demand for eco-friendly swimwear, you can quickly adjust by sourcing and stocking these items. Exploring the Features of Finale Inventory Software Finale Inventory offers a comprehensive solution for inventory management tailored to ecommerce businesses.

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EazyStock

FEBRUARY 7, 2020

When demand forecasting, ensure you consider demand variables, such as seasonality , trends and qualitative information sources to make them as accurate as possible. With inventory planning software , inventory classification can be much more advanced.

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Finale Inventory

JULY 22, 2024

Improved Sales Forecasting Analyzing historical sales data and market trends helps businesses refine their sales forecasts, leading to more accurate inventory planning. This reduces the risk of overstocking or stockouts, optimizing inventory levels and improving cash flow.

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EazyStock

JULY 17, 2020

In our four-part blog series on Coronavirus and its impact on inventory management , so far we’ve looked at how to overcome COVID-19 demand forecasting challenges and improving inventory planning during the pandemic.

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Supply Chain Game Changer

JANUARY 15, 2020

Much of the product was sourced from vendors all over the world, most significantly from Asia, where the company had absolutely zero experience in sourcing, supplier management, or logistics. When asked however the Supply Chain Inventory Planning team was confident that we had enough space. Did anybody really know?

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Finale Inventory

AUGUST 22, 2024

Whether it’s a positive company culture, opportunities for professional growth, or innovative inventory management systems, showcasing these elements can make your job listing stand out to potential candidates. Sourcing Potential Candidates Utilize various recruitment channels to reach potential candidates.

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Supply Chain Game Changer

JULY 23, 2019

Much of the product was sourced from vendors all over the world, most significantly from Asia, where the company had absolutely zero experience in sourcing, supplier management, or logistics. When asked however the Supply Chain Inventory Planning team was confident that we had enough space. Did anybody really know?

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SCMDOJO

SEPTEMBER 20, 2024

Here E-book: Stocktaking Procedure – The Ultimate Guide will help you learn more about one of the critical functions of the Supply Chain Source: [link] How to Improve Stock Turnover Ratio Value The low value of the stock turnover ratio shows the slow running of articles.

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Supply Chain Trend

NOVEMBER 27, 2016

You have to get the numbers right and you have to translate the S&OP lead-time, inventory, planning bill of materials design implications and sourcing to dozens of different languages used in the roles / departments of a company. Figure 5: User Interface Simulation Examples.

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Planergy

DECEMBER 8, 2022

These tools allow you to access real-time data insights – such as cash flow and consumer demand- that can help you with everything from inventory planning to capacity planning. For macro-level demand forecasting in the United States, companies can use data from publicly available government agencies and other sources.

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Supply Chain Opz

AUGUST 2, 2018

In many organizations the challenge of multiple systems and disparate data sources is overcome through a combination of custom reporting tools, data warehouses and dashboards. Likewise defining the scope of inventory management is crucial. Do we approach by business unit, region, product, brand, type of product, supply site?

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Solvoyo

JUNE 11, 2021

To do distributed order management in real-time or near real-time, having visibility on available inventory data, including returns available to sell, is crucial. . To evaluate different options for fulfillment by sourcing inventory from multiple locations, the model needs to be aware of the operational costs and constraints.

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Solvoyo

MAY 27, 2019

Digital transformation is transforming your decision-making processes with technology — utilizing new sources of innovation and creativity such as artificial intelligence, machine learning, Internet of Things, virtual reality, to enhance customer experience and employee productivity and ultimately improve business performance.

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