IBM Supply Chain Blog

SEPTEMBER 7, 2021

With a shift of population to new places, particularly from large urban city centers to other suburban areas, retailers may be struggling to position their inventory based on historical data trends. How can a retailer know how much inventory to position and where, when demographics are rapidly changing as a result of the pandemic?

Inventory 52

Inventory Demand Supply Chain Efficiency Management 52

Procurement Tactics

AUGUST 15, 2022

The logical approach for supply chain planning is to look for the result and go back as it often begins with demand planning. . Components of Supply Chain Planning . Demand planning. The chance of producing and stocking sufficient inventory improves when you accurately forecast demand for a product. .

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

Procurement Tactics

MARCH 27, 2023

Supply chain forecasting refers to the process of predicting demand by looking at past and present information to help businesses make decisions about their plan, budget, and stock inventory. Having too little in stock means running out at unfortunate times when the demand is high, causing your buyers to buy elsewhere.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

Finale Inventory

SEPTEMBER 6, 2023

Demand planning with inventory management software and data reports. For businesses, it means meticulous planning to get ahead of Q4 in order to navigate the whirlwind of sales, promotions, and elevated customer expectations. Q4 Demand Planning is Crucial Inventory demand planning for Q4 isn’t a casual month-long affair.

Demand Planning 52

Demand Planning Inventory Demand Purchasing 52

EazyStock

NOVEMBER 17, 2022

The extended Black Week sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory. Inventory, POS, shipping, web shops, and accounting software must be able to keep up to avoid lost revenue. Tips for inventory planning during Black Friday.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Inventory Real-time Visibility 52

SCMDOJO

JUNE 21, 2023

This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities. These include bulk-break purchasing, facilitating connections with reliable clients, and renegotiating with existing suppliers to reduce procurement costs. Why outsource Demand Planning?

Supply Chain Optimization 89

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 89

Spend Matters

MAY 8, 2023

Purchase Order (PO) collaboration for buyers and suppliers to know in real-time the status of POs and Scheduling Agreements (SA), acknowledgements, ASNs, etc. Forecast collaboration on forecasts and demand plans to anticipate shortages or bottlenecks and automate exception management.

Spend management 77

Spend management Management Real-time Visibility Collaboration 77

EazyStock

NOVEMBER 18, 2022

NetSuite is the world’s number one cloud business management software suite, and we’re number one when it comes to inventory optimization. How can inventory optimization help you? Inventory optimization is about having the right amount of inventory to meet customer demand without wasting money on unnecessary stock.

Purchase orders 52

Purchase orders Inventory Demand Demand Planning 52

IBM Supply Chain Blog

FEBRUARY 19, 2024

Effective SCM initiatives offer several benefits: Lower operational costs : By optimizing inventory levels , improving warehousing efficiency and streamlining order fulfillment processes, companies can save on storage, labor and transportation expenses.

supply chain software solutions 88

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

Supply Chain Game Changer

JULY 21, 2021

The cost of procurement includes not just the purchasing cost of inventory that is negotiated with suppliers, but it also includes hidden costs related to transportation, negotiation, duties and more. Inventory Turnover (Cash). Procurement Cost. Cash to Cash Cycle Time (Cash).

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

EazyStock

NOVEMBER 18, 2022

NetSuite is the world’s number one cloud business management software suite, and we’re number one when it comes to inventory optimization. How can inventory optimization help you? Inventory optimization is about having the right amount of inventory to meet customer demand without wasting money on unnecessary stock.

Purchase orders 52

Purchase orders Inventory Demand Demand Planning 52

Supply Chain Game Changer

JULY 28, 2021

Moreover, they are valuable things to add to your resume, which may make a difference; you can get certifications for purchasing manager, production and inventory management, and many more. Inventory Management and Demand Planning. Well, based on the orders submitted, demand planning can be forecasted.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 98

NLPA (Next Level Purchasing Association)

MAY 7, 2023

Procurement teams need to be actively involved in the S&OP process to ensure that demand forecasts are accurate, supply plans are optimized, and inventory levels are balanced. NLPA Learning also includes learning resources, including live and on-demand webinars, and reports, articles, white papers, and more!

supply chain budgeting 52

supply chain budgeting Strategic planning Demand Demand Planning 52

Finale Inventory

JUNE 29, 2022

Causes like supply management, marketing strategies and planning are all things businesses should focus on to prevent surpluses and shortages as much as they can. Continue reading for more information about shortages and surpluses and how Finale Inventory’s scalable inventory management system can help your business thrive.

Inventory 52

Inventory supply chain software solutions Demand Price 52

Una

AUGUST 2, 2022

Take B2B services purchasing as an example. Self-service for everyday, tactical purchasing removes the manual burden involved in carrying out stakeholder tasks and creates more time for strategic work. Do you have questions about group purchasing? Self-service. Users increasingly prefer the option of self-service. Get in Touch.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

Supply Chain Game Changer

JANUARY 19, 2022

The supply chain is a significant part of your overall business strategy and inventory management. An effective and efficient supply chain can help your business improve customer satisfaction and money by minimizing wait times for in-demand products. Use Demand Planning. Reliability. Great suppliers are reliable.

Supply Chain Efficiency 109

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

Procurement Heads

APRIL 27, 2023

The pandemic had a huge impact on many industries; in our case, our revenues dropped by around 40% almost overnight, plus our supply chain dramatically contracted as borders were closed and inventories dried up. Also key was demand planning, matching our purchasing plans with the ever-changing demand situation.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Stakeholder engagement Supply chain 130

Procurement Heads

APRIL 27, 2023

The pandemic had a huge impact on many industries; in our case, our revenues dropped by around 40% almost overnight, plus our supply chain dramatically contracted as borders were closed and inventories dried up. Also key was demand planning, matching our purchasing plans with the ever-changing demand situation.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Stakeholder engagement Supply chain 130

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Supply Chain Efficiency 74

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 74

NLPA (Next Level Purchasing Association)

JUNE 23, 2022

Link strategic planning with day-to-day sales and operational activities. It is a multi-step process involving demand planning, supply planning, middle and top management meetings resulting in decision-making and authorization. The 5-step eS&OP planning process includes: Step 1 – Data Gathering.

Demand Planning 52

Demand Planning Demand supply chain budgeting Strategic planning 52

Una

SEPTEMBER 6, 2022

Utilizing a GPO as an extension of your procurement team can help streamline the purchasing process, save costs, and save time by eliminating indirect spend contract negotiations. Procurement can play an integral part through better demand planning (enabled through spend analytics) and by reducing duplicate orders and maverick spend.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Practical Guides like Plan for Every Part (PFEP) , Demand Forecasting Methods or Stocktaking Procedure. Click here to access the course: How to Start a Career in Supply Chain Management?

Agile and Lean Supply Chain 70

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 70

SCMDOJO

APRIL 4, 2023

This means tracking everything from customer relations to inventory management, financial investments, transportation and delivery processes, and workflow processes. By having a bird’s eye view of the entire process, companies can quickly adapt to sudden changes in demand and find new ways to optimize their operations.

Supply Chain Analytics 110

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 110

Supply Chain Game Changer

NOVEMBER 23, 2018

The application of advanced forecasting and planning methodologies improve inventory management in a critical, high-volume repair business, dramatically reducing costs and fulfillment cycles while improving customer satisfaction. Difficulties forecasting demand in a high-volume repair environment caused inventory costs to skyrocket.

Supply Chain Optimization 43

Supply Chain Optimization Logistics supply chain budgeting Supply Chain Efficiency 43

Let's Talk Supply Chain

JUNE 15, 2023

Buy vs Build Before companies dive into implementing last-mile delivery technology for their business, they must carefully consider whether building their own or purchasing existing technology makes the most sense. Purchasing last-mile technology nearly always guarantees faster deployment times and reduced capital expenditure.

Route optimization 98

Route optimization Real-time Visibility Supply Chain Efficiency Supply Chain Optimization 98

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. This includes product design, planning, execution, monitoring and control. Source: [link] ). All Rights Reserved.

Supply chain management 72

Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 72

Supply Chain Game Changer

OCTOBER 28, 2020

Anecdotally, this is a bit lower in Canada, except for particular functions with very strong starting compensation like Demand Planning. The top 5 technical skills were, in order: Inventory Management, Project Management, Best Practice Knowledge, Computer Skills, and Risk Management. Satisfaction: Job satisfaction was also high.

Supply chain 98

Supply chain Supply Leadership Supply chain management 98

Planergy

JULY 18, 2023

Assets are items a company owns that can be sold or converted into cash quickly; these include inventory, accounts receivable, and short-term investments. Add up the values of your company’s current assets (cash on hand and cash equivalents, accounts receivable, inventory, etc.). The resulting number will be your working capital.

Import 52

Import supply chain budgeting Inventory Budget 52

Supply Chain Game Changer

SEPTEMBER 29, 2020

Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. Too much inventory, especially the wrong inventory, can negatively impact cash flow, return on investment, customer satisfaction, and profitability. Order our EBOOK HERE. A Process Based Approach.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

SCMDOJO

JULY 13, 2022

Jobsinlogistics.com is the first and largest online logistics job board specializing in career opportunities in logistics, supply chain, distribution, transportation, warehousing, freight forwarding, manufacturing, purchasing, and inventory management. Supply Chain Management Jobs.

Supply chain 112

Supply chain Supply Supply chain management Supply chain management 112

Supply Chain Game Changer

OCTOBER 1, 2019

This demand would be translated to bills of material and component requirements through manual or semi-automated means. Purchase orders would be written out by hand and mailed or faxed to suppliers with buyers calling suppliers on the phone to tell them about their needs as well as the inevitable changes in demand.

Supply Chain Optimization 82

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 82

The Network Effect

APRIL 15, 2016

Therefore, if you have been charged with developing a S&OP capability, a critical first step is to identify director level personnel from Sales, Marketing, Manufacturing, Purchasing, Finance and Supply Chain to participate in this process. Targeted inventory levels.). It Pays Off, Stick with It.

Demand Planning 40

Demand Planning Demand Supply chain Purchasing 40

Supply Chain Game Changer

FEBRUARY 19, 2019

Aside from the demand planning, customer order management, and supplier order management activities associated with Fulfillment most people traditionally think of Fulfillment in the context of the Warehouse or Distribution Centre. In essence these simple definitions capture the essence of these terms. Fulfillment. Conclusion.

Supply Chain Efficiency 59

Supply Chain Efficiency Quantity Demand Planning Supply chain 59

Let's Talk Supply Chain

MARCH 30, 2023

Electronic Data Interchange (EDI) was introduced in the 1960’s to allow businesses to communicate key business transactions such as purchase orders, advanced shipping notices, and invoices electronically instead of via paper providing fewer errors and more efficiencies.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain software solutions Supply Chain Efficiency Supply chain 98

Supply Chain Game Changer

NOVEMBER 22, 2018

But I also found that the ability to grow your Farm by adding capabilities and features, by controlling the way in which you buy and sell things, and managing your inventory levels of all of the materials was both fun and interesting. Inventory Management. You are able to hold inventory at many stages in the game. Metrics.

Agile and Lean Supply Chain 46

Agile and Lean Supply Chain Supply Chain Optimization Supply chain Raw materials 46

Supply Chain Game Changer

JULY 31, 2019

Procurement – the effective purchasing of raw materials, back-office goods and professional services – as well as Logistics – the orchestration of the movement of those goods – might not seem to be as important as sales, marketing, R&D or finance at first blush. But trust us, if you don’t have Supply Chain experience, you can’t.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 72

Finale Inventory

SEPTEMBER 28, 2023

Efficient inventory management is pivotal to the success of your ecommerce business, and choosing the wrong one can have long-lasting impacts that can set your business back financially and competitively. Let’s take a look at both companies’ core offerings and see where each fits your business’s workflows.

Inventory 52

Inventory Purchase orders Order Fulfillment Price 52