Supply Chain Topics

Topics > English > Inventory Planning  

Inventory Planning

The Point of View of Quintiq


Are you paying attention to your inventory?
by Sriyani Rao - Social Media Community Specialist, Quintiq

Do you remember Hypercolor, the clothes that changed color with body heat? I do, and not just because of the novelty value. Initial demand for the clothes was so high that the company worked tirelessly to meet it. Then they overproduced, struggled to sell, and went bankrupt.

It’s a scenario we see time and again. Why? In large part, it’s because many companies don’t pay the right kind of attention to their inventory.

There’s a lingering belief that inventory is somehow unpredictable and behaves independently of the rest of the business. But it’s not true. If you incorporate inventory directly into sales and planning operations, and optimize it at every opportunity, you’ll have a strong grasp of your stock levels, save money and improve customer service.

Mastering the balance between low inventory and high performance is a challenge, but it’s one that needs to be met. If you’re new to the idea of inventory optimization, here’s some advice to help you reach your goal.

1. Base inventory on desired customer service levels
2. Be flexible
3. Use actual inventory levels

Click below to expand each advice

 


read more >>
(external link)





-------------------------------------
Would you like to add your standpoint for this topic?
Contact SCM Portal at info@scm-portal.net

--------------------------

Please find hereafter some documents of interest related to "Inventory Planning". To refine this search, please select or change your language of interest.


Language Filter

1 - 5 of 69
Pages (14)  [  1  2  3  4  5    >  >> ]

DOCUMENTS
 

The Fine Art of Supply Chain Planning: a Study by Capgemini Sweden.

Capgemini Sweden is pleased to present this report drawing from the result of their survey...


Risk in pharmaceuticals is often associated with drug shortages: events that prevent patients getting the right medicines at the right time. In traditional supply chains, supply risk is...


To achieve maximum value in today’s volatile and competitive environment, retailers must tailor assortments specifically to consumer demand, as well as price...


According to Aberdeen Group's, "Inventory Optimization Strategies for the Chief Supply Chain Officer," best-of-breed best-of-breed inventory optimization software is the...


Every year, manufacturers lose profits when they scrap materials and finished goods because of damage or obsolescence. In fact, the cost of scrap is far more than the cost of the material...



1 - 5 of 69
Pages (14)  [  1  2  3  4  5    >  >> ]

 

Supply chain E-learning



Explore available supply chain e-learning modules by language and academy



News & Trends
 

Last update 7 Feb 2021
Global manufacturing upturn slows at start of 2021 as supply chain pressures continue to build
   Source: J.P.Morgan Global Manufacturing PMI   -  IHS Markit



Chemicals & Pharmaceuticals

Maximum safety and reliability and reducing the costs for our customers at the same time: we are able to offer the chemical industry an extensive range of chemical logistics services that hardly any other logistics specialist can match. It is our goal to harmonise our services with your specifications in s...

5 Myths About Shipping and Freight Forwarding in 2020

This year more than ever, the global logistics chain has had to fly by the seat of its pants. Constant disruptions and global uncertainty have led most businesses to reconsider their fundamental assumptions about the ...


Education
 

Local & Regional Agenda
 


Resources
 
Erema: Gaining a competitive edge through preferential exports

Erema, an Austrian manufacturer of recycling systems, uses AEB software to accelerate the proper classification of its components, manage supplier’s declarations, and ensure compliance in its exports. Erema ship...

ProcureCon Indirect 2015 Benchmarking Study

In anticipation of the 2015 ProcureCon Indirect 2015 conference, the organization released the results of this year’s benchmarking study. Take a look to see how your peers answered such questions as:- Which five in...


International Agenda