Epicor Software Corp. has completed its acquisition of ShopVisible LLC, a provider of cloud-based software for retail order management and digital commerce.
Demand planning and forecasting projects are popular tactics today for boosting financial results and shareholder value-for good reason. They typically produce one-time and often significant inventory reductions but also higher inventory turns that allow organizations to sustain lower inventory levels over time. The results look great on paper, prompting executives to search for more ways to "optimize" inventory throughout the supply chain.
The University of Southern California housing office knew its housing facilities, on and off campus, had upwards of 60,000 pieces of furniture and appliances. But until the student housing office deployed a radio frequency identification system, tracking which items were at what locations, as well as which were broken, missing or due for replacement, required exhaustive manual inventories. Those inventory counts, typically conducted during summers, required the hiring of temporary workers and many hours of labor to catalog what was where.
DIRECTV’s service depends on equipment imported from Asia and forward-positioned in 250 locations to support home installations. Having long used Microsoft Excel to forecast demand, the company had a rocky journey to an automated forecasting system from SAP. Randy Sullivan discusses lessons learned and ultimate benefits.
Backward-looking KPIs, especially those on safety stock, are a necessity in successful S&OP processes, says Erik Hjerpe of TreeHouse Foods, a private-brand food manufacturer. He explains why this is so and how TreeHouse employs a variety of safety stock strategies.
Grupo Herdez is one of Mexico's leading manufacturers and distributors of grocery products and is a pioneer there in Collaborative Planning, Forecasting and Replenishment. Eduardo Cantu explains some of the challenges to CPFR implementation in Latin America.
The technology surrounding point-of-sale data has improved tremendously in recent years and companies are making much better use of this information, says Tina Lalor, senior business consultant with John Galt Solutions.
RFID retail inventory management can deliver benefits for most apparel retailers now. The basic handheld solution is not hard to understand, delivers real ROI and has a relatively low investment hurdle. Yes, employee training and compliance is a headache, but this is true for many jobs in retail, and it does not change the fact that significant sales uplift is not only possible, but typical.