EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. Six Ways to Improve Inventory Turnover (with Inventory Optimization). A basic form of inventory categorization is ABC analysis.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

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 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

EazyStock

FEBRUARY 1, 2021

In contrast: eCommerce inventory optimization is the art of predicting and managing supply and demand variables while undertaking inventory management processes. The objective of eCommerce inventory optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

GlobalTranz

JANUARY 12, 2018

This approach to optimizing shipping performance is educational because of how it illuminates potential weaknesses and offers advice for making positive changes. For example, did you know a box’s structural integrity breaks down by 50 percent after only one shipment ? Wrapping Up The Benefits of Optimizing Shipping Performance.

Optimization Software 74

Optimization Software Optimization Packaging Cost Reduction 74

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

SYSPRO Smarter ERP

MAY 2, 2024

The other emerging area around AI in ERP focuses on trend analysis and forecasting. Here are some real-world examples of AI use cases in manufacturing: Improve data processing and analytics by recognizing context and generating valuable predictions and insights to help manufacturers make better decisions and optimize their performance.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

SYSPRO Smarter ERP

DECEMBER 19, 2022

Then in the early 2000s, a new technology emerged, inventory optimization (IO), which could account for variability and multi-level activity in the supply chain and optimize inventory management policies using a statistical approach to manage both demand and supply variability. Inventory optimization. Challenges of IO and AI.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

SYSPRO Smarter ERP

DECEMBER 19, 2022

Then in the early 2000s, a new technology emerged, inventory optimization (IO), which could account for variability and multi-level activity in the supply chain and optimize inventory management policies using a statistical approach to manage both demand and supply variability. Inventory optimization. Challenges of IO and AI.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

Blue Grace Logistics

JULY 27, 2021

What this blog is about: Leveraging predictive analytics for forecasting and visibility. The importance of machine learning and intelligence combined with human touch for optimized decision making. Approaching a demand analysis with historical data and seasonal variations is no longer competent. billion by 2022.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

Dedola Global Logistics

JUNE 17, 2022

Dedola Global Logistics’ unmatched expertise will optimize your supply chain, helping you manage, minimize, and avoid these obstacles. A firm grasp and analysis of your trade lanes and any capacity issues or delays you experienced is a great place to start. DGL’s Ops staff will work with you to create the optimal timeline.

Freight forwarding 95

Freight forwarding Scenario Planning Expense Reduction Supply Chains 95

AIMMS

FEBRUARY 26, 2020

Network Design tools that are fueled by powerful mathematical optimization in the back end, and intuitive scenario analysis capabilities at the front, empower you to create flexible plans and expose hidden risks in your network. Let’s explore some example s. . This leads to insightful and resilient thinking. .

Supply Chain Planning Software 146

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Supply Chain Software 146

EazyStock

JUNE 24, 2020

Inventory optimization software is an important piece of the puzzle. In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

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

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Locus

DECEMBER 7, 2021

A prime example is how governments in the Middle East have begun to rethink food security targets after the disruptions to their food supply chains. This factor would vary with the mode of transportation we choose and also how optimized our routing is. For example: poor quality, high costs, high lead time, supplier communication.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

SYSPRO Smarter ERP

SEPTEMBER 6, 2022

A practical way that manufacturers can do so is firstly through using data in more comprehensive ways and secondly by embracing digitization to optimize their operations for the future. Optimizing the use of data for manufacturers. Obstacles on the data journey for manufacturers.

Manufacturing Procurement 111

Manufacturing Procurement Factories Optimal Sourcing Supply Chain Software 111

SYSPRO Smarter ERP

MARCH 28, 2024

You don’t want data that could create analysis paralysis. Optimizing warehouse layout for better picking and storage efficiency. The post Data-driven decision making in manufacturing appeared first on SYSPRO Blog. The work to get this has to be collaborative. The volume and quality of data is important.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 52

Freightos

NOVEMBER 7, 2023

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU. America weekly prices increased 2% to $1.82/kg.

Negotiating Skills 114

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 114

SYSPRO Smarter ERP

JUNE 21, 2022

There are many causes, for example, container ships from Asia are now too large to traverse the Panama Canal (20 years ago they were not), so they offload on the West Coast of the United States and are compelled to truck all goods to the East Coast. The analysis is mostly on point; however, the blame does not lie with Lean.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 105

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

GoShip Blog

JUNE 16, 2021

AI in supply chain and operations can efficiently handle data for analysis and automated functions. In particular, AI can help in demand forecasting, warehousing, and logistics route optimization: By efficient collection and analysis of information and inventory processing . Saves time and operation costs. Autonomous vehicles.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 52

SYSPRO Smarter ERP

OCTOBER 20, 2021

This would make it almost impossible to identify any trends around things like customer preferences and demands, as well as to define the optimal future direction for your organization from a technology perspective if the organization only produced analogue data. You’ve probably travelled a fair way down this road already.

Digital 133

Digital Factories Supply Chain Planning Software Supply Chain Software 133

Shipchain

MARCH 10, 2020

Data is generated in all parts of last-mile delivery, and analysis of this information can help companies become proactive rather than reactive with their delivery methods. Below is an overview of the benefits of data as well as examples of how it has helped companies with their final-mile distribution.

Data 62

Data Optimization Software Modeling Software Logistics Network Optimization Software 62

SYSPRO Smarter ERP

JULY 4, 2022

For example, a manual machine can be outfitted with a power measurement device that will support data collection on idle time, run time and downtime. Time-stamped data records can be integrated with a cloud ERP system to improve the ability to make decisions quickly and optimize operations.

Optimization Software 111

Optimization Software ERP Supply Chain Software Manufacturing Procurement 111

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management. Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

Blue Grace Logistics

SEPTEMBER 15, 2022

The Logistics Blog®. Network Optimization. Poorly optimized networks can have many undesirable outcomes, including loss of customers, runaway freight and labor costs, and siloed — rather than integrated — supply chain management. Businesses should expect meaningful insights for the optimization of the network.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Supply Chains Meeting 62

EazyStock

FEBRUARY 7, 2020

In this three-part blog series we’re looking at each of these inventory management problems. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers. Optimizing Inventory Levels as SKUs Grow.

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. In this post we focus on inventory planning and how to optimize stock levels despite erratic customer behavior and supply restrictions. However, ABC analysis is quickly out-of-date.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

Dedola Global Logistics

JUNE 17, 2022

What You Could Face during the Peak Season Tighter capacity Higher freight rates Longer transit times Increased Demurrage fees Limited Warehouse space Decreased Trucking options Dedola Global Logistics’ unmatched expertise will optimize your supply chain, helping you manage, minimize, and avoid these obstacles. Plan Ahead. Book Early.

Freight forwarding 52

Freight forwarding Scenario Planning Expense Reduction Supply Chains 52

Blue Grace Logistics

JULY 22, 2021

What this blog is about: Freight transportation’s positioning in the market. Traffic management and optimization facilitated through connected smart sensors, location-based applications, intelligent infrastructure and IoT swarm algorithms all working together to make traffic, driving, loading/unloading, and parking more efficient.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Waste Reduction Material Savings 62

Blue Grace Logistics

JULY 22, 2021

What this blog is about: Freight transportation’s positioning in the market. Traffic management and optimization facilitated through connected smart sensors, location-based applications, intelligent infrastructure and IoT swarm algorithms all working together to make traffic, driving, loading/unloading, and parking more efficient.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Waste Reduction Material Savings 62

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

Ship Monk

OCTOBER 21, 2020

In fact, the technological advancements of the 21st century have catapulted the marketing world into new, digital terrain — and that’s where SEO, or Search Engine Optimization, comes in. If you want your online store to have any degree of visibility, then you need to invest in a first-class optimization strategy — no ifs, ands, or buts.

Optimization Software 98

Optimization Software Digital Optimization Blog 98

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Yet, due to inadequate physical and digital infrastructure, many manufacturers lacked the flexibility they needed to take advantage of accelerated demand and were unable to optimize fulfillment. Manufacturers can use forecasting to support inventory optimization. Legacy systems:? Managing Inventory.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

3PL Links

MARCH 29, 2023

It is designed to assist logistics organizations in improving their productivity, delivery accuracy and speed, cost reduction, time and space optimization, error reduction, and the frequency of workplace accidents. An ecologically sound supply chain not only enhances the ecosystem but also represents modernity.

Trends 107

Trends Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 107

SYSPRO Smarter ERP

MARCH 21, 2022

Risk analysis is becoming an important part of SCM. The JIC methodology requires that manufacturers establish optimal levels for different categories of inventory. For example, looking at how low-level processes could be automated can free staff up to deal with more complex issues.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

EazyStock

JANUARY 6, 2023

ABC/XYZ analysis can help identify the most valuable items to your business. For example, one tool updates your ERP system with a delivery time, which the ERP then sends to your inventory optimization software. Review your stock levels to identify SKUs where you could reduce order levels since you know demand will fall.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52