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Check out our latest white paper where Mathew J. Burke breaks down the 4 collaborative components of supply chain planning that will keep your shelves stocked: 1. Network Planning 2. Supply & Demand Planning 3. Sales & Operations Planning (S&OP) 4. Sales & Operations Execution (S&OE) https://lnkd.in/gFJigvn5

Want to Boost Warehouse Efficiency? This supply chain KPI will help you to maximize your warehouse efficiency 😌 In the world of inventory management, achieving an optimal balance between inventory turnover and occupancy rate significantly contributes to operational efficiency and profitability. The occupancy rate is the percentage that indicates the extent to which the available capacity is used. It indicates how many places are available in a warehouse and how many are in use. The higher the occupancy rate, the more efficiently the warehouse is operating. ♻️ Found this helpful? Share it with your network to spread the knowledge! 🚀 Follow me for more 😊 Supplychain, retail , E-commerce, news , LinkedIn, sales , marketing. #supplychain #retail #ecommerce #retailing #management #marketing #sales #personalbranding #logistics #warehousemanagement #operations #product #fmcg #business

For score and 3 months ago..... Being a bit dramatic, but I might have your attention now. Let's talk supply chain, everyone knows something about it from the days of covid. It starts with procurement and ends with distribution, but it's so much more than that. Supply Chain is the strategic partner to your design team and product development. The larger group is charged with procurement, planning of resources, inventory, sales and operations planning, warehousing and distribution. Each and every group is integral to the success of the "product" or "categories of product." Every small, mid to large scale business has functions within this space, it's just a matter of how focused the roles are. With that being said, here's to the men and women of the supply chain world. Peak is coming; months of planning and shipments are getting ready to arrive to ship back out in a matter of weeks. Sales and marketing have their plans and back up plans, they will drop sales funnels to keep the sales plan on target. The engine must continue on... Cheers to you, the season is coming quickly.

Join us on May 8, 2024, at 11 am EST for a deep dive into 𝐒𝐭𝐨𝐫𝐞 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫: 𝐑𝐞𝐭𝐚𝐢𝐥’𝐬 𝐒𝐞𝐜𝐫𝐞𝐭 𝐏𝐫𝐨𝐟𝐢𝐭-𝐃𝐫𝐢𝐯𝐞𝐫 𝐟𝐨𝐫 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐋𝐢𝐪𝐮𝐢𝐝𝐚𝐭𝐢𝐨𝐧. Discover why many retailers miss out on the benefits of store transfers and how you can overcome operational challenges to make them a high-yield part of your inventory management strategy. 📈 Key topics include: ✔ The impact of store transfers on store performance and the bottom line ✔ Comparison of store transfers with other liquidation methods ✔ How to determine when a store transfer will be profitable ✔ Integration of store transfers into broader supply chain operations ✔ Success stories that showcase the potential of store transfers Don't miss this opportunity to learn from retail strategy expert Gregory Arthur and consumer analytics expert Ronny Max. Reserve your spot today! https://lnkd.in/dPpXYtwK

How to increase customer conversions in stores? Join Greg from Onebeat and me for a fun conversation on store transfers and why they matter in improving customer experience. #BehaviorAnalytics #CustomerConversion #StoreTransfers #Retail #CustomerExperience Onebeat

🌟 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐢𝐧𝐠 𝐕𝐞𝐧𝐝𝐨𝐫-𝐌𝐚𝐧𝐚𝐠𝐞𝐝 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 (𝐕𝐌𝐈): 𝐀 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐒𝐡𝐢𝐟𝐭 𝐟𝐨𝐫 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 🌟 In today’s fast-paced business environment, efficient inventory management is crucial. Vendor-Managed Inventory (VMI) offers a strategic solution by shifting the responsibility of inventory management from the company to the supplier. This approach reduces the administrative burden on the company and ensures optimal inventory levels. By sharing real-time sales data and inventory levels, companies enable their suppliers to manage stock replenishment effectively. Take the collaboration between Procter & Gamble (P&G) and Walmart as an exemplary case. P&G manages the inventory levels at Walmart stores, ensuring the shelves are always stocked. This not only enhances product availability but also significantly reduces Walmart's inventory carrying costs. The result is a streamlined supply chain, reduced stockouts, and improved customer satisfaction. To implement VMI successfully, businesses should engage in transparent and collaborative relationships with their key suppliers. Sharing accurate and timely data is fundamental. Consider initiating VMI agreements with your top suppliers to unlock these benefits. 🔍 #InventoryManagement #SupplyChainOptimization #VendorManagedInventory #BusinessEfficiency #Collaboration

If I were a brand struggling to keep inventory in stock, these are the questions I’d ask my team: 1️⃣ How accurate are your inventory numbers? Without these being accurate - it’s incredibly difficult to properly plan out supply. 2️⃣ How often are you ordering from your suppliers? Is there a standard ordering schedule in place? Without a process here, it makes it incredibly difficult for your suppliers to execute upon your POs and know how/when to schedule your production runs. 3️⃣ Do you have safety stock levels identified? This should be calc-ed using lead time and buffer (dependent on how volatile sales are or supplier performance). 4️⃣ How predictable is your demand? The first step should always to be looking towards standardizing your supply planning and procurement processes (which should help solve for all issues that are within your control), but the second step needs to be looking at how far off your demand plans are. If you’re consistently off, it is likely high time that you need to look at a different way to forecast demand (note: statistical demand plans are not going to work for all brands, especially early stage ones in growth mode). Did I miss anything?! Any interesting learnings other folks have had? #operations #supplychain #logistics #inventorymanagement #supplyplanning Hi I'm Mary Kate 👋 ! I do supply chain and ops consulting for growing brands. I optimize operations to help brands scale to meet growing demand while finding opportunities for savings. 3 ways that I can help you with your business: 1️⃣ Fractional support - overseeing your supply chain from both the strategic and tactical levels. 2️⃣ Value based projects. Need help figuring out how much inventory to purchase to avoid over/understock or where you're getting nailed on fulfillment costs? I can help there! 3️⃣ GTM planning. Lead and facilitate new product launches or new partner launches to ensure a smooth transition. Book a 30 min session with me to discuss your business's needs using the link in the comments!

𝗛𝗼𝘄 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗶𝗻𝗴 𝗗𝗲𝗺𝗮𝗻𝗱 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝗶𝗻𝗴 𝗧𝗼𝗼𝗹𝘀 𝗦𝗮𝘃𝗲𝗱 𝗨𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗕𝘂𝗿𝗱𝗲𝗻 𝗼𝗳 𝗢𝗯𝘀𝗼𝗹𝗲𝘁𝗲 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 In a recent engagement with a company, we faced an inventory nightmare. Staggering amounts of stock were set to last over 10 years but were expiring in just 3 years. Obsolete inventory was a significant financial and operational burden. Determined to resolve this, we implemented advanced demand planning and forecasting tools to pinpoint the problematic items. Our strategic response included several key actions: Collaborated with Sales: We launched targeted promotions to accelerate movement of the at-risk inventory. Engaged with Discount Wholesalers: Sold a portion of the inventory to discount wholesalers, mitigating loss and freeing up valuable storage space. Reworked Inventory: Successfully reworked several items back into faster-moving, finished goods. The results were impactful. Not only did we substantially reduce inventory holding costs, but we also circumvented the potential obsolescence risk altogether. This experience underscores the importance of proactive inventory management and leveraging the right tools to optimize operations. #InventoryManagement #DemandForecasting #BusinessOptimization #CostSavings #CaseStudy

Navigating the intricacies of retail inventory planning is no small feat. From direct acquisitions to managing distribution networks, retailers face a complex decision-making web. Each step demands meticulous attention, from sorting and storing items based on unique considerations to strategically placing inventory in stores or with partners. Handling diverse products like delicate screen TVs or perishable fruits adds another layer of complexity. Once sorted and stored, the allocation game begins, aligning inventory with anticipated consumer demand. However, forecasts must evolve into real-time demand sensing, adapting to changing market dynamics. Harmonizing sales, inventory, and demand on a location-specific basis becomes crucial. The replenishment team faces questions like: How much inventory ensures customer satisfaction? What's the optimal level throughout the supply chain? Striking the right balance is an art, avoiding excess stockpiles that lead to inefficiencies. Successfully navigating the complexities of retail inventory planning requires a delicate balance, adapting to real-time demand while avoiding excess stockpiles. In an ever-changing market landscape, staying vigilant is key. Putting inventory into a wrong location could prove costly. From my experience reallocating product within the supply chain can easily surpass 30% of a products cost. #RetailSupplyChain #InventoryPlanning #DemandSensing #SupplyChainComplexity #DemandPlanning

Dear Readers 🙏, We are pleased to share with our audience: one of our very 1st merchandise we launched this week. Thanks Wish you all the Best #Supplychain #analytics #logistics #inventory #transportation #dataanalytics #strategy #business #operations