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
 

Merchandise allocation is a crucial competency for all retail business models. Allocators face a unique challenge: can you place every single item in the best possible retail...


Basing your batches on the actual chemistries and tolerances that lie behind each grade.
If you produce large numbers of small orders with overlapping chemistries,...

Does perpetual inventory in your mind seem a lot like dating a movie star —nice dream, but hardly reality? With tens of thousands of items in each store,...


A recent A.T. Kearney study shows that industry leaders increasingly use a variety of metrics to establish the link between procurement savings and overall business performance,...


Optimizing inventory levels across the enterprise has always focused on two important balancing acts—balancing supply with demand, and balancing inventory...



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 10 Mar 2023
Global manufacturing output returns to growth as supply chain constraints ease and mainland China reopens
   Source: J.P.Morgan Global Manufacturing PMI   -  IHS Markit



Chemicals & Pharmaceuticals

Even industries driven by the strictest safety and environmental regulations are capable of reducing their costs. Our solutions improve each phase of the chemical logistics supply chain, to increase your supply chain performance, improve predictability and mitigate potential problems before they arise. B...


Education
 

Local & Regional Agenda
 


Resources
 
Tudor Rose International increases productivity through integrated SCM platform ASSIST4

Tudor Rose International is Europe’s leading export market management company specialising in building brands around the world. In business for nearly 30 years, the innovative company mastered an ambitious IT mo...

RFx
The Connected Value Chain: Creating Durable Value with Digital

Today’s businesses are faced with a dizzying array of digital promises—and threats: the Internet of Things, wearables, additive manufacturing, big data and analytics, gamification, ubiquitous access, and hype...


International Agenda