SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Inventory Reduction 98

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3PL Links

MAY 19, 2024

Image source: PxHere | Mastering Demand and Inventory Planning: Essential Strategies for Success Have you ever thought about how businesses effectively satisfy customer demand and maintain supplied inventory? Demand and inventory planning is a critical procedure that holds the key to success. How to do demand planning?

Inventory Reduction 48

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Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

Negotiating Skills 90

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SYSPRO Smarter ERP

FEBRUARY 2, 2022

Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices. Effective data management.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Reduction Inventory Optimal Sourcing 105

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

NOVEMBER 22, 2023

7 min read Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis In the dynamic world of supply chain management, optimizing warehouse operations has become an indispensable factor for businesses. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms.

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SYSPRO Smarter ERP

MARCH 28, 2024

Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights. Using data to find patterns, inferences, and insights ensures that your company goals and plans are based on evidence and that decisions made are balanced and objective.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 52

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory Reduction 98

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EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Inventory Reduction 98

Inventory Reduction Procurement Solutions Inventory Supply Chain Planning Software 98

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits. Manufacturers can use forecasting to support inventory optimization. Managing Inventory. labor, materials and warehousing, to IT, freight and safety.

Supply Chain Planning Software 105

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CH Robinson Logistics

SEPTEMBER 28, 2021

Robinson Director of Research and Market Intelligence: The truck driver shortage is top of mind for many as supply chain disruptions continue, port backlogs persist, and the gap between inventory supply and sales demand widens. The answer is not simple and involves research and analysis across a number of factors.

Trucking 116

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EazyStock

MAY 11, 2021

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

Stord

APRIL 24, 2024

From improved customer experience to greater inventory planning and forecasting, AI promises to make all of our lives easier and reduce those all-too-common supply chain headaches. Specific industries measure specific KPIs, and AI is an easy way to pull data in and get real, usable and actionable metrics back.

Supply Chain Planning Software 88

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FreightWaves SONAR

JULY 10, 2023

Businesses are prioritizing the speed of data propagation within their supply chains. According to Gold, NRF members have made significant investments in data analysis to improve their ability to predict consumer demand to prevent bloated inventory levels that many large retailers experienced around this time in 2022.

Data 52

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Log-hub

JULY 25, 2023

Explore our groundbreaking approach that leverages Data Analytics and AI to revolutionize demand forecasting. Forecasting is the backbone of successful businesses, and its quality directly impacts inventory management and supply chain efficiency. Inaccurate or incorrect data directly impacts the quality and reliability of forecasting.

Data 40

Data Supply Chain Planning Software Supply Chain Software Modeling Software 40

EazyStock

OCTOBER 10, 2018

Big data is a term used to describe a massive volume of both structured and unstructured data that’s too large to be processed using traditional database and software techniques. In most enterprise scenarios, the volume of data is too big, moves too fast and exceeds processing capacity of existing applications.

Inventory Reduction 45

Inventory Reduction Supply Chain Planning Software Inventory Modeling Software 45

SYSPRO Smarter ERP

AUGUST 7, 2023

In one of my previous blogs, “The Importance of Building a Business Case for ERP,” we looked at the significance of strategic planning and creating a solid business case before embarking on an Enterprise Resource Planning (ERP) implementation journey. With an ERP, all departments are looking at the same data.

ERP 98

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Logistics Viewpoints

APRIL 4, 2024

During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. In this blog, I will discuss the use of AI/ML demand planning for fresh products to help maximize sales and reduce waste. Being able to do this automatically using AI saves planners so much time and hassle.

Scenario Planning 139

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Log-hub

MAY 22, 2024

This blog post delves into the intricacies of multi-tier supply chain analytics and optimization, exploring its significance, methodologies, benefits, and challenges. Type of Multi-Tier Supply Chain Analytics DESCRIPTIVE ANALYTICS : Involves analyzing historical data to understand past performance and identify trends.

Optimal Sourcing 52

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Log-hub

MAY 22, 2024

This blog post delves into the intricacies of multi-tier supply chain analytics and optimization, exploring its significance, methodologies, benefits, and challenges. Type of Multi-Tier Supply Chain Analytics DESCRIPTIVE ANALYTICS : Involves analyzing historical data to understand past performance and identify trends.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

SYSPRO Smarter ERP

OCTOBER 9, 2023

Modern machinery is commonly fitted with real-time sensors but these are not very useful if there is no way to view and action the data from the sensors. Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. This can be used in costing analysis and equipment profitability.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

3PL Links

MAY 9, 2024

Smart warehousing is a sophisticated inventory management approach that maximizes the transportation, storage, and distribution of goods and materials within the company by utilizing data analytics and state-of-the-art technologies. Read also: Top 8 Applications of Artificial Intelligence in The Supply Chain What is smart warehousing?

Warehousing 48

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FreightWaves SONAR

SEPTEMBER 29, 2023

The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. For those that make the right applications of freight data, the massive problems created by the pandemic could have been more easily mitigated.

Data 52

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GlobalTranz

JANUARY 16, 2017

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Data Analysis Grew Exponentially, Providing More End-to-End Visibility and Continuous Improvement. Data analysis is the companion of cloud-computing technologies.

Supply Chain Design Software 59

Supply Chain Design Software Supply Chain Software Supply Chain Design Analysis 59

FreightWaves SONAR

MARCH 11, 2021

Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. This focus makes proper use of global trade data and analytics so vital for continued recovery and growth throughout the supply chain network. Streamline data collection and analysis.

Data 98

Data Supply Chain Planning Software Supply Chain Software Expense Reduction 98

EazyStock

AUGUST 21, 2020

So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? Carrying lower volumes of excess inventory in your supply chain can lead to lower carrying costs, such as reduced storage costs and inventory service costs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

EazyStock

DECEMBER 13, 2021

Many inventory management teams are looking for ways to avoid stockouts, as they can cause problems across the entire organization. However, there are steps you can take to improve your inventory management processes and be better prepared to prevent regular stock availability crises in your business. Demand forecasts. Lead times.

Inventory 52

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Freightos

JANUARY 30, 2024

Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. In the meantime, there are reports of inventory shortages for some European importers as shipments are delayed or taking longer to arrive. Freightos Air Index data shows that China – N.

Optimal Sourcing 108

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Freightos

AUGUST 29, 2023

Blog " * " indicates required fields Email * More Resources Home August 29, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Price Reduction 101

Price Reduction Resource Reduction Inventory Reduction Analysis 101

EazyStock

JANUARY 21, 2021

EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment. In this post we’re going to review Dynamics Business Central’s inventory management capabilities and discuss what additional features and benefits EazyStock can offer. Manage non-stocked items.

Inventory 52

Inventory Optimization Software Supply Chain Planning Software Supply Chain Design Software 52

FreightWaves SONAR

MARCH 9, 2021

H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. Global retailers use data to understand lead time Successful supply chain operation at any stage hangs on the ability to stay on top of shipping and transport logistics. Request a SONAR Demo.

Supply Chain Planning Software 98

Supply Chain Planning Software Scenario Planning Data Optimal Sourcing 98

EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. A critical area of focus should be your eCommerce inventory management processes. Here’s how eCommerce businesses can improve their inventory management. Improving your eCommerce Inventory Management. Forecasting eCommerce inventory demand. Want to know how?

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Inventory Reduction Optimization Software eCommerce Inventory 52