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 ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

FreightWaves SONAR

JULY 24, 2023

For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. Knowing freight costs in advance is essential to keep total landed costs in check Understanding transportation freight costs and current freight rates for lanes must be the primary goals of cost analysis.

Cost Reduction 105

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Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. For example, if you’re introducing a new product and there are no similar products to draw historical data from, qualitative research is a must to reduce risk.

eCommerce 84

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FreightWaves SONAR

FEBRUARY 16, 2021

By using strong management and analysis processes, supply chains can maximize value and stay competitive. Streamline data capture and analysis. Data for the sake of data is meaningless without proper, automated analysis and data capture. Request a FreightWaves SONAR demo by clicking the button below. .

Supply Chain Software 98

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EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Read our blog on demand forecasting accuracy for more details. ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company.

Inventory Reduction 98

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FreightWaves SONAR

FEBRUARY 25, 2021

For example, think about the use cases of these most impactful benefits to come from logistics upgrades and automation include: Continuous development of SaaS and a renewed focus on customized service offerings. Improved predictive analysis and projection with logistics automation data and insights. Request a SONAR Demo.

Supply Chain Software 90

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 90

FreightWaves SONAR

DECEMBER 3, 2020

For example, just-in-time fulfillment models, drop-shipping, and cross-docking avoid wasted space. For example, market conditions show shippers’ rate trajectories. Improved planning through wait time analysis benefits all parties. The most relevant example of this need for added complexity is the pharmaceutical industry.

Supply Chain Planning Software 76

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FreightWaves SONAR

MARCH 9, 2021

The analysis of that data helps companies identify reliable insights based on what’s happening today and yesterday, not just what happened last week. Obviously, that’s only one example, but it shows the value of insight and using data that’s available now. . Request a SONAR Demo.

Data 98

Data Reliability Supply Chain Planning Software Trucking 98

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 ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. Using algorithms, AI can provide better quality data and analysis to give a complete overview of your warehouse and supply chain. AI was once only seen in science fiction. Machine learning in warehouses.

Supply Chain Software 52

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FreightWaves SONAR

FEBRUARY 25, 2021

For example, think about the use cases of these most impactful benefits to come from logistics upgrades and automation include: Continuous development of SaaS and a renewed focus on customized service offerings. Improved predictive analysis and projection with logistics automation data and insights. Request a SONAR Demo.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 52

FreightWaves SONAR

DECEMBER 10, 2020

According to Supply Chain Dive , “The number of supply chain professionals who say they’re currently using predictive analytics at their company has grown 76% from 2017 to 2019, according to a Supply Chain Dive analysis of the annual MHI Industry Report.” Request a SONAR Demo.

Supply Chain Planning Software 95

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FreightWaves SONAR

DECEMBER 29, 2020

As an example, the increased port activity will eventually translate into added trucking demands for nearby markets. Tips for applying FreightWaves SONAR data at the start of each day Applying freight data and analytics-driven insights sound simple on paper or in a blog. Request a SONAR Demo. Request a SONAR Demo.

Data 52

Data Negotiating Skills Transportation Supply Chain Software 52

FreightWaves SONAR

FEBRUARY 2, 2021

As examples, the characteristics of SONAR indices have helped to build the reputation of the SONAR freight forecasting platform and include: Larger sample size. Consistency in data aggregation and analysis are key to maintaining index validity, applicability and actionability. Instantaneous analysis. Request a SONAR Demo.

Supply Chain Planning Software 52

Supply Chain Planning Software Freight Supply Chain Software Resource Reduction 52

Shipchain

FEBRUARY 26, 2019

Automation will allow for supply chain executives to focus their time on data analysis and forecasting as opposed to managing and overseeing every single process in the supply chain. For example, as per Ryan Duguid of Manufacturing.net , automated technology can continuously fulfill orders. Boosting visibility. Improving profitability.

Supply Chain Software 109

Supply Chain Software Supply Chains Automation Trends 109

EazyStock

FEBRUARY 7, 2020

In this three-part blog series we’re looking at each of these inventory management problems. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. Read about other inventory management problems and their solutions in this three-part blog series: Challenge no.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

JULY 13, 2020

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. You can then prioritize these items over others; for example, checking demand, stock levels and reviewing lead times more frequently to help ensure availability at all times. stock availability.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

Locus

APRIL 5, 2022

Example: A wholesale business supplies meat to some of the restaurants regularly. Example: A brand supplies alcohol and beverages to retail outlets and restaurants regularly. Example: A B2B e-commerce business supplies medical products to hospitals, medical rehab centers and drug stores. Reach out to Locus for a demo now!

Digital 52

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EazyStock

OCTOBER 31, 2022

These could be quantitative methods such as exponential smoothing, regression analysis or econometric forecasting. Or qualitative methods, such as the Delphi method, historical analysis or the panel consensus. For example, market growth potential and the percentage gain of market share over a set period.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

These could be quantitative methods such as exponential smoothing, regression analysis or econometric forecasting. Or qualitative methods, such as the Delphi method, historical analysis or the panel consensus. Top-down financial analysis measures the total market size while considering existing market trends.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

FEBRUARY 17, 2021

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. For example, you may want to carry more items that consistently sell well and are cheap to stock, versus those that are expensive with intermittent demand.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

FreightWaves SONAR

SEPTEMBER 29, 2023

For example, as seen in scenario A1, the global unconstrained demand for air cargo will fall by 14% of pre-crisis volumes in the second quarter of 2020 and will not rebound to 2019 levels until around mid-2022.” When planning for the future, industry players should thus use insights from commodity-based modeling. appeared first on SONAR.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

FreightWaves SONAR

FEBRUARY 5, 2021

For example, trades that are made through the Robinhood app are executed by hedge funds like Citadel. Another example is a carrier that pushes rate increases on shippers when the market doesn’t support that action, and vice versa, when large shippers push rate decreases on carriers when the market doesn’t support that action.

Trucking 98

Trucking Negotiating Skills Logistics Network Optimization Software Data 98

EazyStock

APRIL 18, 2023

In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. For example, warehouse costs, insurance and financing. One way to do this is with ABC/XYZ analysis. Higher costs of storage.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

FreightWaves SONAR

MARCH 15, 2021

That combines to help enterprises define and assess their ranking among peers by avoiding dairy to automotive comparison as an example, identify issues within existing bids, recognize the contributing factors affecting lane stability, apply seasonality and accessorials. Sign up for a demo here or by clicking the button below.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

FreightWaves SONAR

JUNE 10, 2021

In the example above, El Paso has the lowest score, meaning that specific market is showing the most unfavorable or deteriorating capacity conditions in the country. In the example above, the El Paso market has increasing outbound tender volumes, decreasing inbound tender volumes, and sharply increasing outbound rejection rates.

Trends 52

Trends Capacity Outbound Inbound 52

FreightWaves SONAR

NOVEMBER 16, 2020

In this article, you learn what are the various reefer freight data indices available in SONAR, who in the freight market relies on these indices, what the indices tell freight market participants, and real-world scenario analysis of using SONAR refrigerated shipping indices to better understand the freight market. Request a SONAR Demo.

Refrigeration 105

Refrigeration Capacity Outbound Inbound 105

EazyStock

DECEMBER 13, 2021

For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. Introducing ABC analysis to categorize your stock would help identify these so you can prioritize your time. These KPIs can easily be calculated in a ‘risk of stockout’ spreadsheet.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

EazyStock

MARCH 4, 2021

A basic form of inventory categorization is ABC analysis. With ABC analysis, you group products based on one dimension: value. For example, EazyStock has an order fill-up feature that allows you to work to minimum order quantity, value or weight restrictions.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Locus

FEBRUARY 27, 2023

A sample product or free trial is the best example of this. This analysis is taken forward for effective, fast, and scalable implementation of the solution that is being designed. Schedule a Demo! References [link] [link] The post Time To Value And Its Importance For the Last Mile appeared first on Locus Blog.

Optimization Software 52

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FreightWaves SONAR

NOVEMBER 9, 2020

For example, ULSDR.CHI shows the average wholesale price of diesel in the Chicago market while ULSDR.USA shows the average wholesale price of diesel nationally. For example, the Atlanta market is supplied with diesel by Colonial Pipeline, which runs from the Houston area to the New York region. Request a SONAR Demo.

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52

FreightWaves SONAR

APRIL 27, 2021

For example, Shipper X (an aggregation of two household-name CPG companies) uses intermodal for ~90% of its dry loads in a number of dense long-haul lanes. The data used in this analysis comes to FreightWaves from a transaction processor. . Request a SONAR Demo. Whether Shipper X is already utilizing intermodal in the lane.

Picking 52

Picking Purchasing Skills Sourcing Strategies Outbound 52

FreightWaves SONAR

APRIL 29, 2021

When putting an example shipper network into FreightWaves’ Supply Chain Intelligence (SCI) platform, the platform benchmarks rates against the overall market rate as well as the peer group, in this case retail. Seattle to LA: An example of a backhaul lane where shippers have pricing leverage. Request a SONAR Demo.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

GlobalTranz

FEBRUARY 24, 2015

In the communications, media, and high-tech industries, for example, it’s common for original equipment manufacturers (OEMs) to price goods on a cost-plus basis, with incentives to expedite hot products, such as the latest smartphone. We recommend you download that white paper by visiting that blog post here.

Data 94

Data Transportation Cost Reduction Material Savings 94

EazyStock

APRIL 13, 2022

This will provide maximum analysis and understanding of your current setup and support sales and operations planning. For example, having more accurate demand forecasting, warehouse automation, diversifying your supplier network or bringing new technologies on board to give you real-time data.

Inventory Reduction 52

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EazyStock

AUGUST 9, 2022

For example, do you need an ERP upgrade and replacement when reviewing your ERP? Book a demo to find out how to save valuable inventory management team time and resources for analysis and strategic decisions. Do you need a software system that can be tailored to your existing processes or a complete efficiency overhaul?

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52