3 WAYS TO TIGHTEN YOUR SUPPLY CHAIN PLANNING PROCESS
Supply chain planning involves activities in order to meet future demand in the best possible manner. It’s a forward-looking process that tries to meet supply with demand. It’s a component of the Supply and Operations Planning (S&OP) process. It’s the entire planning process, which includes: distribution, manufacturing, and procurement operations according to demand forecasts, capacity constraints, …
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7 Basic Benefits of An ABC Analysis in Inventory Management
ABC analysis for inventory management allows several key advantages as you are determining what inventory you need to keep on hand and how much of it you need to be able to access at any given time. 1. Allocate resources more strategically - If you are struggling with potential supply chain shortages you will know where you …
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5 High-Level Views of A Supply Chain Executive Summary Dashboard
Does your Supply Chain software show the health of your business? The new executive summary extends StockIQ's high-level reporting to help executives and C levels understand what is going on in their business. StockIQ's Executive Summary Dashboards provide a high-level view of the health of the business. A High-Level View of StockIQ Technologies Dashboards Weeks …
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10 SUPPLY CHAIN TRENDS TO WATCH FOR IN 2022
The imbalance of supply and demand caused by Covid-19 is likely to continue as more businesses battle empty shelves, labor shortages… etc. However, developments like the increase in digital procurement and reshoring, which have heightened due to the recession, are ultimately going to benefit local and global markets. Businesses that want to overcome labor challenges …
TIME TO UPGRADE YOUR SUPPLY CHAIN PLANNING SOFTWARE?
Best Supply Chain Software & Support In today’s landscape of rapidly changing supply chains, your company needs the best planning solution in order to stay ahead of these changes and stay agile and profitable. With your existing system, are you finding: A lack of modern features? Old technology platform? Poor or nonexistent support? New solution …
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StockIQ + Business Central, Building a Robust Forecasting Ecosystem
The forecasts Dynamics 365 currently produces can only help with specific demand needs. In general, while Business Central forecasting does help you understand demand over a specific period, it isn’t naturally inventory-oriented. In fact, Microsoft gives the following warning on their Supply Chain Management forecasting page: D365 SCM “might not be the best fit for customers in …
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7 Check List Questions When Moving Inventory from One Warehouse to Another
StockIQ recently assisted a customer move all their Inventory from one warehouse to another. It involved a cross-country move, and a slow migration of fulfillment from one facility to another. Through each phase, we uncovered key questions to address and manage in the demand planning, supply chain, and operations side of things. Check List of Questions …
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5 Strategies for Sourcing Raw Materials
Have you faced challenges when sourcing raw materials? Have you had unexpected delays in getting raw materials? COVID has shown us how even minor problems with the supply chain can escalate into substantial issues that can impact your business. There are some strategies you can use to improve your raw material sourcing and better maintain your …
Preparing for the Changing Seasons & How They Impact Supply Demands
Inventory management is critical–and the supply chain challenges suffered throughout 2020 and 2021 have made it increasingly obvious that it’s essential for businesses to stay on top of those challenges. Consumers are shopping earlier for the things they know they really need, because they worry about those items disappearing before they have a chance to …
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6 Ways to Improve Supply Chain Resilience
Supply Chain Resilience is at the heart of current supply chain management thinking. Understanding the concept, and where to invest in resilience, can lead to supply chains that quickly respond to and recover from costly disruptions. Companies who have more resilient supply chains weathered the storm much better than those caught unprepared. Supply chain problems don’t have to be as extreme, as the …
