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Monthly Archives

May 2014

Do You Make These Mistakes with Inventory Optimization

Inventory Optimization is a link in your chain that is often misunderstood and misquoted at inventory meetings and sales presentations in many businesses today. Inventory Optimization issues are always easy to find – Buyers, Sales People, and inventory managers of high-volume inventories often complain that there is too much overstocked inventory of slow selling products and not enough of the inventory that is in demand. Sadly, the unnecessary inventory is tying up working capital and taking up much needed storage space. This is a major issue that lowers profits, service attained and customer opinions.
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5 Obstacles in Inventory Replenishment that Disrupt Retail Sales

Inventory replenishment: Can you see the future of retail?

Inventory replenishment is the essence of your bottom line. It is the critical link in your supply chain that everyone needs to review and tighten.

You don’t need a crystal ball to utilize the principles of demand forecasting and inventory replenishment. But, you do need a crystal-clear game plan to ensure that you can deliver today what the customer dreamed about the night before.
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4 Big Data facts that kill Supply Chain Visualization

Supply Chain Visualization is a supply chain link that is often confused with reporting and big data analysis. Tightening this link in your supply chain is a good way to solidify the base of your supply chain decision tree. Supply chain management is consumed with trying to forecast the future. With the advancement of technologies to absorb and analyze more data (big data), new technologies are needed to visualize the data and act on future events in real time without supply chain management getting lost in the avalanche of data and useless reporting.

  • Can the replenishment team and buyers address issues that come up on the fly and take action in the same system that presents the supply chain visualization?
  • Do you have an integrated picture of your supply chain? End to End Supplier to consumer?
  • Do the right people have access to valuable data?
  • Is there seamless communication between all the supply chain stakeholders- internally and externally (suppliers)?

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The-3-Demand-Driven-Secrets-that-Raise-Your-Profits-Where-Do-You-Start‘Demand Driven’ is the link missing in many supply chains. Many software sales people have muddied the term ‘Demand Driven’ with sales forecasting and demand planning to confuse the buyer. To ‘Tighten the Links in Your Chain™’, you need to determine your weak links, and of these, which will deliver the best ROI when replaced. Demand Driven concepts are often misaligned with old processes and systems. That’s why demand driven process are always a great place to look for new opportunities to improve.

What you don’t know about demand driven retail will cost you…..

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