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New Inventory Visibility and Collaboration Capabilities Enhance Ivalua’s Procure-to-Pay Solution

ivalua

The solution streamlines and automates the management of inventory levels, the stock replenishment process and collaboration with suppliers for Vendor Managed Inventory (VMI), addressing both indirect spend and direct materials needs. Increase supplier autonomy on replenishment orders within the agreed boundaries (i.e.,

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

SCMDOJO

The retail giant has strategically adopted various IT initiatives to optimize its operations, enhance collaboration with suppliers, and achieve real-time inventory targeting. This system facilitates seamless communication and coordination between Walmart and its supply chain partners, including suppliers and distributors.

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Coronavirus Series – Inventory Management Challenges & Solutions

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In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning. You can then either manually adjust replenishment parameters e.g

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Here are the top automotive inbound supply best practices

The Network Effect

In addition to these capabilities, the best solutions are also comprised of a subscription based network of trading partners, represented both as multi-party as well as multi-echelon, giving automotive companies the best chance of meeting and exceeding all AIAG/MMOG supplier requirements.

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Inventory Replenishment Strategies that Increase Profits

EazyStock

But first, let’s take a quick look at some common inventory replenishment challenges that can jeopardize a business’s profitability. Here’s quick summary: Common Inventory Replenishment Challenges. Managing variable supplier lead times. Working with min/max order level quantities. Preventing stockouts (and back orders).

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8 Signs You Need Inventory Planning Software

EazyStock

Dealing with back orders and expediting replenishment orders is inefficient and costly for any business. Inventory planning and replenishment is time-consuming. You’re unable to manage varying supplier lead times. A smarter approach is to address the cause of problem.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. ERPs tend to be built for the back office, so they lack the consumer-like user experience that leads to high user adoption among suppliers.