eng
About   |   Newsletter
Demand & Supply Chain Management Evolution


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 68
Pages (14)  [  1  2  3  4  5    >  >> ]

DOCUMENTS
 

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


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


Here's your competitive edge
Discover:
- What should really be driving your inventory targets (Hint: It’s not just about demand.)
- A false step that leads to...

Today’s demanding business environment is pushing manufacturers and distributors to rethink their traditional, one-size-fits-all supply chains and develop...


Do you always offer your customers the right products in the right place, at the right time? To do this, your supply chain must be sensitive to real-time changes in demand across...



1 - 5 of 68
Pages (14)  [  1  2  3  4  5    >  >> ]



 
           Circular Economy     Industry 4.0     Blockchain 

     Internet of Things     Omni Channel 


Join us on


News & Trends
 

Last update 2 Aug 2019
Global manufacturing makes weak start to third quarter
   Source: J.P.Morgan Global Manufacturing PMI   -  IHS Markit



Retail

The retail sector is always on the move. Whether this involves shopping centres, shops in inner city locations or at airports – trends change very quickly and the goods change just as rapidly too. To keep up with these developments, highly complex and process driven supply chains are needed. With our...


Four out of five executives surveyed by PwC report blockchain initiatives underway.

China to overtake US as leading blockchain developer within three to five years. Trust, regulatory uncertainty identified as biggest barriers to business adoption 84% of executives surveyed by PwC report blockchain in...


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...

Order Placement And Distribution: Their Impact On Satisfaction And Word Of Mouth

One of the key dyadic relationships across supply chain is between logistics service provider and the manufacturer. Over time the concept of logistics service provider developed toward service offering of greater complex...


International Agenda