Inventory Planning Blog

Supply Chain in the Cloud Recap

Posted on Mon, Dec 05,2022@11:48 AM

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.

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Tags: Inventory Planning, in the Cloud, forecasting, Valogix, supply chain planning, customer service

MRO and Aftermarket Spare Parts Planning

Posted on Mon, Oct 03,2022@11:00 AM

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.

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Tags: Inventory Planning, Demand Planning, Inventory Planning Solutions

Inventory Management Stages of Planning Maturity and Growth

Posted on Thu, Sep 01,2022@11:00 AM

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.

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Tags: Inventory Planning, Forecasting Inventory, Inventory Planning Solutions, customer service

A New Year with New and Old Inventory Planning Challenges

Posted on Tue, Jan 11,2022@11:27 AM

Key Words you should know:
Supply chain – logistics – digital transformation – optimization – evolution – innovation

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Tags: Inventory Planning

YOUR INVENTORY PLANNING or Is It INVENTORY GUESSING?

Posted on Tue, Nov 02,2021@09:00 AM

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.

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Tags: Inventory Planning, inventory optimization

Challenges when you need to combine MRP & DRP Inventory Planning

Posted on Tue, Apr 06,2021@05:08 PM

 

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Tags: Inventory Planning, in the Cloud, advanced inventory planning solutions, cloud computing, web based inventory planning

Customer inventory demand growing and supply gains becoming complex

Posted on Tue, Mar 09,2021@08:52 AM

Customers are holding suppliers and retailers’ feet to the fire. They want items in-stock and shipped fast and on-time. Effective and efficient supply chain inventory planning teams are critical to meet the ever-increasing demands of customers. Teams are gearing up to meet the company goals and ways to achieve deliver service excellence. There is a dizzying array of solutions and methods companies employ to manage their supply chain hoping to manage their unique challenges.

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Tags: Inventory Planning

Create an Inventory Strategy to Support your Customer Service Strategy

Posted on Tue, Mar 03,2020@09:15 AM

Your company has a mission to be the best supplier of your products on the market today. Most companies define what that means in terms of serving the customer. For example, your customers can send you an order and 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. All great goals to build and grow a business. Now, you go out and spend a ton of money on the inventory. To buy smart, you use economic ordered quantities (EOQ) and take advantage of your vendor’s special deals.

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Tags: Inventory Planning, customer service

Global supply chains create more inventory challenges

Posted on Tue, Feb 04,2020@08:45 AM

New inventory planning technologies and the Cloud can provide just the right environment for better global planning.

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Tags: Inventory Planning, Spreadsheets, supply chain planning

Valogix Stocking Quantity and How It Compares to Min, Max, and Safety Stock

Posted on Tue, Jan 07,2020@06:00 AM

As the New Year begins, today’s challenging business climate is forcing managers to look for simple, yet effective ways to reduce waste and improve productivity to increase profitability and service. Finished goods, production materials and service parts inventory planning are prime candidates. With thousands of items to manage, sometimes at multiple locations, the lack of scientific automated tools has made the job almost impossible leaving companies with too many of the wrong items and not enough of the critical ones. The result is unnecessary inventory expense, while suffering service-limiting stock-outs.

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Tags: Inventory Planning, Valogix, warehouse management, supply chain planning

Your Advanced Multi-Echelon Inventory Planning for SAP Business One

Posted on Tue, Nov 05,2019@02:15 PM

SAP Business One inventory management software offers inventory management, manufacturing, and purchasing capabilities that can help improve supply chain management. Now, available with multiple location capabilities it offers more for growing companies.

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Tags: Inventory Planning, SAP Business One

Fire and Ice Inventory Planning

Posted on Tue, Feb 05,2019@08:47 AM

Effective and efficient supply chain inventory planning teams are absolutely critical to meet the ever-increasing demands of customers. Teams are getting fired up to meet the company goals and deliver service excellence. There is a dizzying array of solutions and methods companies employ to manage their supply chain hoping to manage their unique challenges. 

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Tags: Inventory Planning, Supply Chain

SAP Business One –  for the Small and Medium Business Market

Posted on Tue, Aug 07,2018@07:55 AM

The fall of SAP Anywhere, an e-commerce front end that arrived in the U.S. in 2016 with some fanfare, may have raised questions about SAP's commitment to SMBs. However, with SAP boasting 60,000 Business One customers and with no plans to sunset Business ByDesign, the end of SAP Anywhere may help clarify the SAP SMB message.

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Tags: Inventory Planning, SAP Business One

Key to Successfully Using Advanced Inventory Planning Solutions

Posted on Tue, Nov 19,2013@10:00 AM

Ease of Use is the Key to Successfully Using Advanced Inventory Planning Solutions

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Tags: Inventory Planning, inventory optimization, Valogix, Spreadsheets

Inventory Optimization Provides Significant Advantages

Posted on Tue, Oct 08,2013@10:00 AM

There are a lot of inventory planning solutions available from all types of companies around the world. Many are designed for large enterprise companies as they cost hundreds of thousands of dollars and are highly complex. Some so complex a math or science degree is required just to operate the system. Others at the low end may be just point solutions for just forecasting, as an example, or offer individual modules you need to buy separately.

Most of these solutions include a forecasting capability either their own or from an included third-party provider. They usually also offer min and max levels, safety stock and replenishment calculations. Most require you to manually set replenishment levels and have you select the appropriate forecast method.

But how many offer real inventory optimization and why is this important? There are many reasons why inventory optimization is critical for conducting business in today’s ever challenging economic climate.

First of all is the cost of carrying, holding and managing an inventory. The costs for most items are steadily increasing, real estate costs and taxes are up and shipping costs are through the roof. Inventory optimization provides a great balanced inventory to meet expected demand, while reducing costs and better controlling spend for additional stock purchases. Planning in a timelier manner reduces the need for expediting orders in from vendors, which in-turn reduces the need for expediting shipments to customers.

Secondly, optimization dramatically improves the financial performance of an inventory because buying and stocking are more in-line with expected customer demand. It helps to reduce and almost eliminate the future build-up of excess inventory and dead stock.

Third, there are too many known and unknown variables that can affect your inventory and subsequent customer service levels to manage properly. Just forecasting and planning your inventory leaves you wide-open to problems in meeting both your financial goals and customer expectations. Trying to plan with spreadsheets is even a worse situation that will eventually lead you to higher costs and lower service producing a higher level of customer dissatisfaction and lost business.

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Tags: Inventory Planning, inventory optimization, advanced inventory planning solutions, Inventory Planning Solutions