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.

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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

EazyStock

JUNE 23, 2022

But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. Processing big data. First – a caveat!

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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.

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EazyStock

JULY 19, 2019

What is inventory optimization? You’ve heard of inventory management, and you probably already have some inventory management practices implemented in your supply chain. So what is inventory optimization? Inventory optimization is the next level of inventory management for warehouse and supply chain managers and buyers.

Optimal Sourcing 55

Optimal Sourcing Optimization Software Inventory Optimization 55

EazyStock

FEBRUARY 17, 2021

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

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Inventory Reduction Material Savings Price Reduction Cost Reduction 75

EazyStock

NOVEMBER 17, 2020

What is ERP inventory management? When it comes to inventory management, ERP systems are ideal for tracking stock along the supply chain, monitoring stock levels and order processing. ERP inventory management limitations. ERP inventory management needs sophisticated demand forecasting.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

EazyStock

AUGUST 21, 2020

For businesses that carry non-perishable goods it’s tempting to order and carry surplus stock to help meet market demand and hit order fulfillment targets. 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?

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

SYSPRO Smarter ERP

OCTOBER 9, 2023

Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. Understanding material costing requires information about procurement activities and how long materials linger in inventory before they are used to generate revenue. This can be used in costing analysis and equipment profitability.

Manufacturing Procurement 111

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EazyStock

FEBRUARY 7, 2020

Inventory Management, Business Growth & Expanding Product Portfolios. At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. In this three-part blog series we’re looking at each of these inventory management problems.

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Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

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

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.

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EazyStock

NOVEMBER 6, 2020

Maintaining cost-effective inventory levels is critical for any manufacturer, wholesaler, supplier or retailer. But just how much inventory is the right amount to hold? What are inventory carrying costs? Inventory service costs. Inventory risk costs. It’s an umbrella term used to cover these four specific costs: 1.

Inventory Reduction 40

Inventory Reduction Purchasing Skills Optimal Sourcing Cost Reduction 40

EazyStock

MARCH 3, 2022

In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items. How to implement JIC inventory management with optimum stock levels. Just in case inventory management doesn’t have to mean inflating stock to really high levels.

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Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

EazyStock

MARCH 26, 2018

One of the most common questions we receive is “We already have an ERP inventory module. Through better inventory management, we’ve been able to support our stock management and procurement processes much better, which has even resulted in higher profits!” Inventory Management and forecasting in your ERP.

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ERP Inventory Reduction Inventory Optimal Sourcing 72

EazyStock

JANUARY 21, 2021

Dynamics Business Central has primarily been developed for the cloud and, as a SaaS product, businesses can choose to pay per user and month, making it very scalable to meet changing needs. EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment.

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SYSPRO Smarter ERP

NOVEMBER 8, 2023

Broadly speaking, the benefits are twofold – savings accrued from reduced labor, inventory and overhead costs, and increased revenue driven by increased sales and improved customer loyalty. In a world where customers are more demanding than ever before, meeting and exceeding client expectations is integral to thriving in the market.

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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. PRESCRIPTIVE ANALYTICS : Suggests actions based on data analysis. AI can play an important role in inventory optimization.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

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. PRESCRIPTIVE ANALYTICS : Suggests actions based on data analysis. AI can play an important role in inventory optimization.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

Logistics Bureau

OCTOBER 9, 2023

If you’ve followed our blog over the years, you’ll know that we’ve shared lots of information about distribution network design, why it’s vital to get it right, how long it should take, the importance of reviewing the network every so often, and various elements of design such as determining the number of warehouses and where to locate them.

Supply Chain Design Software 91

Supply Chain Design Software Supply Chain Design Distribution Networks 91

Log-hub

NOVEMBER 6, 2023

Therefore, optimizing stock levels directly impacts a company’s profitability, operational efficiency, minimizing costs and meeting customer demands. The Importance of Optimal Stock Levels In logistics, optimal stock designates the exact amount of inventory a business requires to fulfill routine demand without the occurrence of a stockout.

Optimization Software 52

Optimization Software Inventory Reduction Optimization Cost Reduction 52

Log-hub

JUNE 6, 2024

This blog explores the multifaceted impact of e-trucks on supply chain and logistics planning. Environmental and Economic Benefits As companies strive to meet sustainability targets and reduce operational costs, e-trucks offer a viable solution to the pressing issues of carbon emissions and fuel expenditure.

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

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order.

Supply Chain Planning Software 52

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

SYSPRO Smarter ERP

JUNE 21, 2022

Making the situation worse, trucking companies haven’t been able to hire back enough drivers to meet demand. Instead, businesses have focused most their investments on inventory control and order requirements. The analysis is mostly on point; however, the blame does not lie with Lean.

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EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. More expensive borrowing.

Supply Chain Planning Software 52

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

EazyStock

JUNE 16, 2022

Inventory management and AI. Inventory management teams have the difficult task of calculating healthy stock levels to meet demand without over- or under-stocking. Using algorithms, AI can provide better quality data and analysis to give a complete overview of your warehouse and supply chain.

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Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

GoShip Blog

JANUARY 26, 2021

In today’s customer-centric world, it is critical to meet and even exceed your customer expectations as a small business. Better inventory management. Timely order fulfillment and proper inventory management play a key role in the frictionless shipping process. Data analysis to improve performance management.

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Inventory Reduction Supply Chain Planning Software Expense Reduction Supply Chain Software 72

EazyStock

FEBRUARY 26, 2020

Stock Availability – A Common Inventory Management Challenge. As small- and mid-sized businesses (SMBs) try to remain competitive, many are coming up against inventory management challenges. In this three-part blog series we’re looking at three of the most common inventory management issues faced by stock holding companies.

Availability 52

Availability How To Inventory Reduction Optimization Software 52

SYSPRO Smarter ERP

SEPTEMBER 20, 2021

SYSPRO ’s 2020 survey, The Inflection Point for the Factory of the Future , showed that only about one-third (38%) of manufacturers’ business systems had enabled them to meet the challenges posed by the COVID-19 pandemic. Inventory is another huge headache. The pandemic made that impossible.

Manufacturing Procurement 110

Manufacturing Procurement Optimal Sourcing Optimization Software Digital 110

3PL Links

APRIL 16, 2024

However, how can we aim for productivity, flexibility, and efficiency to meet the needs of a market that is expanding all the time? Because of its improved stock storage techniques, increased flexibility, and efficient management, the company can easily handle the surge in orders and always adjusts to meet demand.

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SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. Therefore, it is important to measure how well these suppliers meet the expected high level of quality.

Manufacturing Procurement 105

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SYSPRO Smarter ERP

MARCH 21, 2022

Unless manufacturers change, they will find that their ability to forecast demand, and determine what to do to meet it, will be challenging. Primarily this meant increasing inventories as opposed to other strategies like nearshoring. Risk analysis is becoming an important part of SCM.

Manufacturing Procurement 116

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

Logistics Bureau

JULY 18, 2022

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. Another thing we talk about quite often on our blog is how companies often misjudge the needs and preferences of their customers. Inventory levels. Delivery time windows.

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Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 107

EazyStock

JANUARY 6, 2023

ABC/XYZ analysis can help identify the most valuable items to your business. Getting the basics right Improving forecast accuracy Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios. Poor forecasting brings a high risk of stockouts or excess and obsolete stock.

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