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

Ship Monk

DECEMBER 15, 2023

Will consumers be reluctant to use credit cards for holiday purchases? What We Learned So Far With the numbers in, we gathered findings from multiple sources to suss out the shiniest nuggets of wisdom. For the first time, mobile purchases have overtaken desktop purchases. Which items were frequently purchased together?

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

EazyStock

FEBRUARY 17, 2021

Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control. However, businesses are also acutely aware that holding inventory costs money. Excessive carrying costs can erode profit margins, while tying up cash in stock can lead to cashflow issues.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

EazyStock

APRIL 18, 2023

High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. Consequently, this means that they aren’t spending money, which should trigger demand fall, which should result in costs falling. Higher costs of storage.

Supply Chain Planning Software 52

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

EazyStock

JUNE 23, 2022

But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Inventory management information usually comes from a variety of data sources and is either structured or unstructured. Introducing big data analysis into your business.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

Trinity Logistics

AUGUST 3, 2021

TMS HESITANCY 2: IT COSTS TOO MUCH. What you have in place may work for now, but when your business really starts growing, the cost and time to manage your workload will be growing too. There’s a big difference between purchasing software to use from a company and working with a 3PL that offers it as a solution.

Supply Chain Design Software 138

Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software Procurement Solutions 138

Logistics Business Magazine

JANUARY 16, 2023

Microsoft Teams demos can also be recorded and referred back to, in close up, for extra reassurance and guidance. The remote agile medium definitely makes it more manageable for staff and is a lot more practical and cost effective for us as a business than the traditional on-site approach.

Procurement Solutions 61

Procurement Solutions Purchasing Skills Procurement Analytics Logistics Network Optimization Software 61

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

Using algorithms, AI can provide better quality data and analysis to give a complete overview of your warehouse and supply chain. As the analysis is carried out daily, you will be able to see where your strategy needs to change to respond to rapidly changing market situations. Using AI to improve demand forecasting.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. Promotion management If you have upcoming promotions, price changes or other internal data that could impact demand, ensure you get this from sales and marketing teams.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. If you have upcoming promotions, price changes or other internal data that could impact demand, ensure you get this from sales and marketing teams. Promotion management.

Supply Chain Planning Software 52

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

FreightWaves SONAR

MARCH 15, 2021

Read on to learn what is SONAR SCI’s Lane Acuity Plus, what it tells subscribers who have purchased SONAR SCI, and how the application aids freight market participants by gaining deeper lane by lane insights around freight shipping. . Paying below-market rates in highly volatile lanes could lead to additional costs. .

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Locus

APRIL 3, 2023

An effective logistics solution is critical for optimizing supply chain efficiency, reducing costs, improving customer satisfaction, and supporting sustainability goals. Logistics management is an essential part of supply chain management and is crucial in achieving operational efficiency, reducing costs, and boosting customer satisfaction.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 52

Logistics Viewpoints

OCTOBER 19, 2023

Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says. Orchestration built on legacy, disconnected systems may keep costs down but will not delight customers and grow top line revenue.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 136

EazyStock

OCTOBER 20, 2020

The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. ABC analysis, will help with this.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

EazyStock

MARCH 4, 2021

Possible strategies include reducing your reorder quantities and levels of safety stock or using marketing campaigns or pricing tactics to increase demand and move the stock faster before your customers lose interest altogether. Cost to sell. A basic form of inventory categorization is ABC analysis. Demand volatility.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Conger

JULY 22, 2021

And this can help reduce errors and cut costs in the process. Reduced Costs. A robust eCommerce WMS reduces the overall costs of operations. So the result is twofold: Lower costs and happier customers. But apart from the price, there are several other crucial factors that you must consider. Scalability.

Supply Chain Design Software 52

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

Locus

FEBRUARY 27, 2023

Before that, he wanted to purchase a pair of shoes from a nearby store. Time to value is the time customers spend to derive value from the purchased product. This time between purchasing the shoes and deriving value from them is what we call business as the time to value. But we are not going to talk about it now.

Optimization Software 52

Optimization Software Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills 52

World Food Programme Logistics

MAY 28, 2020

Cooking demos were piloted in Doa district in 2019, as a complement to the findings of the WFP-led nutrition analysis Fill the Nutrient Gap Mozambique published in 2018?—?it The analysis found that fresh foods, delivered through cash-based-transfers rather than in-kind assistance, would reduce costs of a nutritious diet.

Events 52

Events Purchasing Skills Optimal Sourcing Analysis 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

Ship Monk

NOVEMBER 14, 2022

vs. 2021 , supply chain and freight issues have resulted in numerous inventory challenges, costs have been challenging to predict, and we have entered (and exited) a technical recession whose reach and effects are still to be fully determined. We not only increase the frequency of our purchases but also the diversity. Ugly sweaters?

eCommerce 52

eCommerce Material Savings Inventory Reduction Cost Reduction 52

EazyStock

DECEMBER 13, 2021

Introducing ABC analysis to categorize your stock would help identify these so you can prioritize your time. Similarly, you may want to increase eCommerce prices across your digital channels to lower demand and avoid showing ‘out-of-stock’. Ways to Avoid Stockouts and Alleviate Issues.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Locus

JULY 28, 2022

The sports manager (Brad Pitt) works under severe cost constraints to build a team. Similarly, businesses face rising cost pressures while managing last-mile logistics operations. Despite the cost pressures, they assign the right order to the right delivery agent. Did the delivery turn out to be costly or cost-effective?

Optimization Software 52

Optimization Software Modeling Software Definition Logistics Network Optimization Software 52

FreightWaves SONAR

APRIL 27, 2021

In addition to typically saving shippers 10%-15% in freight costs and halving the fuel surcharge, intermodal releases commensurately less greenhouse gas. . Source: SONAR, To learn more about FreightWaves SONAR, click here. ). Source: FreightWaves data, To learn more about FreightWaves SONAR, click here. ).

Picking 52

Picking Purchasing Skills Sourcing Strategies Outbound 52

Transporeon

MARCH 22, 2018

Depending on the mode of transport and the type of product being shipped, the offer matrix can contain individual price components and different quantity structures and units, along with additional information that can make comparisons difficult.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48

EazyStock

APRIL 13, 2022

Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits. These suit industries where products are either low cost or high revenue – or both. These include cement, steel, paper, commodities and low-cost fashion.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

EazyStock

AUGUST 9, 2022

When the cost of raw materials and finished goods starts to soar, it’s critical for wholesalers and distributors to control their operational costs to remain competitive and achieve decent profit margins. Inventory optimization is efficiently and cost-effectively having the right products in the right place at the right time.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52

Ship Monk

MARCH 2, 2023

In terms of pricing, floor-loaded has lower associated freight costs because the entire container is utilized to load items whereas with palletized shipping you also have to pay for the pallets, and as a result the space they take up. And when it comes to jewelry or smaller goods against the elements and mishandling—fuhgeddaboudit!

Material Savings 52

Material Savings eCommerce Cost Reduction Inventory Reduction 52