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Using ABC Analysis in Inventory Management

EazyStock

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.

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Cost To Serve – A Smarter Way to Improved Supply Chain Profitability

Logistics Bureau

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. By grouping a particular number of customers together, profitability can also be evaluated for a customer or market segment.

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11 Golden Rules for Meaningful Supply Chain KPIs

Logistics Bureau

In an attempt to help you keep your supply chain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supply chain KPIs.

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For Your Supply Chain KPIs to be Meaningful, Apply Some Golden Rules

Logistics Bureau

In an attempt to help you keep your supply chain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supply chain KPIs.

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Inventory Replenishment Strategies that Increase Profits

EazyStock

A simple way to do this is to use a basic ABC analysis model to divide inventory into: A items – typically sell well and are profitable to the business. This gives you the ability to group SKUs into more insightful matrixes and set inventory stocking and replenishment policies accordingly.

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6 Transportation Management Trends for 2016

GlobalTranz

As watchdog groups and public-perception have grown more powerful over how businesses operate, 2016 will be a year in which the focus of the logistics industry shifts towards increased oversight regulations and easier trucker or shipper responsibilities. For example, the IoT has been used extensively in improving warehouse processes.

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This Week in Logistics News (February 4-8, 2019)

Talking Logistics

Here’s an excerpt from a report issued in November 2015 by the USPS Office of Inspector General titled “ Co-opetition in Parcel Delivery: An Exploratory Analysis ”: E-commerce and changing consumer demand have led to an explosion in parcel shipping, which in turn is driving dynamic change in the parcel market.