In today’s dynamic business climate, companies are looking for simple ways to reduce waste and improve profitability. Going through many business cycles or phases faster than ever, new technology initiatives must be affordable, easy to implement, and have a high, measurable rate of return.
Read MoreTags: Inventory Planning, Supply Chain, forecasting, inventory management, Inventory Planning Solutions, inventory forecasting
A more complex global environment is creating significant inventory challenges for manufacturing inventory planning. Manufacturing companies need to become more innovative and resourceful to compete in today’s global marketplace. Many manufacturers not only produce goods for other manufacturers, but they are also now selling their products directly to other manufacturers (B2B commerce) and even consumers (B2C commerce). The use of e-Commerce rising so dramatically has added more challenges for managing both production and finished goods inventories.
Read MoreTags: Inventory Planning, Inventory Planning Solutions, Demand Forecasting
Your company’s mission is to be the best supplier of your products on the market today. Most companies define what that means in terms of serving the customer. Ecommerce has dramatically changed the way companies must serve their customer. For example, your customers can send you an order over the Internet or by calling and they will get a return confirmation promptly. You will ship all orders within 24 hours. You will offer a variety of products that is both broad and deep.
Read MoreTags: Inventory Planning, SAP, NetSuite, Demand Planning, Spreadsheets, inventory management, Inventory Planning Solutions
This blog continues with the various financial/accounting measurements you can use. As stated previously, most small businesses use an ERP system from companies like SAP, NetSuite and Microsoft. But they fall short of providing inventory optimization and rationalization. Understanding and using some basic financial and accounting methods with an advanced inventory optimization solution will help get you there. It will also help keep you there.
Read MoreTags: Inventory Planning, SAP, NetSuite, Demand Planning, NetSuite Demand Planning
Inventory planning uses a wide range of variables and metrics, which generally include:
Read MoreTags: Inventory Planning, SAP, NetSuite, Demand Planning, Supply Chain, Inventory Planning Solutions, NetSuite Demand Planning
Tags: Inventory Planning, SAP Business One, Forecasting Inventory, Valogix
As your business grows and gains in complexity, you may need to explore how advanced inventory planning and optimization capabilities can take your business to the next level. Valogix, a global award-winning partner of NetSuite. We offer a specialized multi-stage planning engine that more effectively plans inventories and compliments NetSuite.
Read MoreTags: Inventory Planning, NetSuite, Demand Planning, Valogix, Inventory Planning Solutions, NetSuite Demand Planning
It is a new year and still old issues abound as well as new ones. In these challenging times, balancing near term inventory resilience with longer-term objectives is an on-going process. You read a lot about reducing costs, buying less, increasing productivity, improving cash flow and more. It is important to keep inventory objectives balanced and in perspective. Yes, times are starting to be more stable in certain areas, but you need to improve your competitive advantage.
Read MoreTags: Inventory Planning, advanced inventory planning solutions, Supply Chain, Valogix
Customers will always demand more of suppliers to provide affordable products at the exact moment they want them. How can you effectively insure you have what your customers need when they need it? Supply Chain Management (SCM) is front and center of every business across the globe.
Read MoreTags: Inventory Planning, in the Cloud, forecasting, Valogix, supply chain planning, customer service
Spare parts inventory management is a prime candidate for advanced inventory planning and optimization solutions. With many diverse parts to manage and a lack of power tools, most companies with parts inventories have too many of the wrong parts. The result is unnecessary inventory expense, while still suffering service-limiting stock-outs.
Read MoreTags: Inventory Planning, Demand Planning, Inventory Planning Solutions
The challenge facing people and companies is they must work steadily at improving their inventory management. In order to improve, you need to know where you are today. First, is to determine what they have accomplished and how competent they are in their planning. Their level of experience and results must be measured to accurately and efficiently move forward.
Read MoreTags: Inventory Planning, Forecasting Inventory, Inventory Planning Solutions, customer service
Key Words you should know:
Supply chain – logistics – digital transformation – optimization – evolution – innovation
Tags: Inventory Planning
Signs of a slowly improving global economy are starting to become apparent but far from robust. Consumers have a pent-up need to spend the cash they have amassed. But, production in the Far East is trying to catch up to this demand. Then, there is the massive shipping backlog and serious shortage of truck drivers. Experts suggest these adverse conditions could last well into late next year and possible the following year as well.
Read More