EazyStock

JANUARY 14, 2020

But unfortunately for inventory management teams, ERPs often lack functionality when it comes to more sophisticated inventory planning and replenishment requirements. Stock planners are often confronted with telltale signs that they need further automation to improve demand forecasting, optimize stock levels and automate replenishment tasks.

Optimization Software 52

Optimization Software Procurement Solutions Inventory Reduction Inventory 52

EazyStock

FEBRUARY 26, 2020

In this three-part blog series we’re looking at three of the most common inventory management issues faced by stock holding companies. Read our blog on demand forecasting or download our whitepaper for more information. Review your Stock Replenishment Rules. So far we’ve discussed the following: 1.

Availability 52

Availability How To Inventory Reduction Optimization Software 52

SYSPRO Smarter ERP

MAY 10, 2022

For example, production jobs for different sales orders can be combined to take advantage of commonly used parts and assemblies. The post Assemble-to-Order manufacturing Part 2: ERP solutions to improve operations appeared first on SYSPRO Blog.

Manufacturing Procurement 111

Manufacturing Procurement ERP Procurement Solutions Optimal Sourcing 111

Blue Grace Logistics

NOVEMBER 3, 2022

The Logistics Blog®. For example, if you’re a retailer and you’re exiting the year with bare shelves, that’s great! It means you had a good holiday season and need to do a tremendous amount of inventory replenishment early in the year. How to Prepare an Efficient Transportation Budget Show Submenu Resources. Whitepaper.

Efficiency 62

Efficiency How To Transportation Optimization Modeling 62

SYSPRO Smarter ERP

APRIL 18, 2022

Manufacturers and distributors need to make sure the right goods and materials are in the right place at the right time, budgeted for appropriately, and replenished as needed. The post How manufacturers and distributors can use ERP to gain control across the supply chain appeared first on SYSPRO Blog.

Manufacturing Procurement 124

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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.” Using data, supply chains could better plan replenishment orders, avoid congestion and prevent further disruption.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

SYSPRO Smarter ERP

DECEMBER 19, 2022

The Economist has mentioned the role of AI in inventory management and demand forecasting, noting an example where AI can forecast in what order items will arrive at and leave a warehouse, so that pallets can be put in the right position. The post Options for inventory planning and forecasting appeared first on SYSPRO Blog.

Inventory Reduction 105

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EazyStock

JANUARY 4, 2021

Optimized Inventory Replenishment. With Acumatica you can manually set your replenishment parameters using the minimum/maximum quantity method (“min/max”). In comparison, with EazyStock replenishment is automatically calculated for every SKU in your portfolio. Finally, EazyStock calculates your optimal replenishment parameters.

Inventory Reduction 52

Inventory Reduction ERP Inventory Optimization Software 52

SYSPRO Smarter ERP

DECEMBER 19, 2022

The Economist has mentioned the role of AI in inventory management and demand forecasting, noting an example where AI can forecast in what order items will arrive at and leave a warehouse, so that pallets can be put in the right position. The post Options for inventory planning and forecasting appeared first on SYSPRO Blog.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

Infosys Supply Chain Management

JANUARY 13, 2013

View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. I have presented a very simple example to demonstrate the point that the Reorder Point planning can be achieved with CTM Solver. Islamic Banking. Mobile Banking. Payments Treasury.

Supply Chain Planning Software 26

Supply Chain Planning Software Blog Supply Chain Software Supply Chains 26

EazyStock

JULY 7, 2020

In this blog series we look at how inventory optimization tools , such as EazyStock, can support inventory management teams. This kind of software will help you understand how volatile your demand is and adjust your replenishment parameters as needed. This is our second post of this 4-part series. demand outliers. Risk of runout.

Optimization Software 52

Optimization Software Supply Chain Software Modeling Software Inventory 52

SYSPRO Smarter ERP

APRIL 26, 2023

Business processes can be automated to improve workflow, and information can flow automatically between different areas of the business — for example, from customer order, to inventory procurement, to production job scheduling, to invoicing and to warehouse shipment. No manual data entry is needed; this means no duplication of work.

Manufacturing Procurement 98

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EazyStock

FEBRUARY 1, 2021

For example: With such different demand patterns, it doesn’t make sense to treat every product the same. In each case the future demand forecasting, replenishment and safety stock calculations need to be treated differently. Accurate eCommerce inventory replenishment. Stock level optimization.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

Talking Logistics

JUNE 25, 2018

Over the past couple of years, we have published many blog posts and produced several video episodes on supply chain digital transformation (see our archives ). also uses the same pool of inventory to replenish stores and fulfill online orders, a departure from Target’s existing supply chain.”.

Supply Chain Transformation 60

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Logistics Bureau

OCTOBER 20, 2021

As an example of how illuminating the perfect order KPI can be, let’s look briefly at damage-free delivery as an example. For example, if the on-time percentage is 98%, the in full is 93%, the damage-free is 99%, and the orders with correct documentation is 96%, the calculation will look like this…. x 0.96 = 0.8661.

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

Ship Monk

MAY 5, 2022

For example, you might ship 50% of each SKU quantity, or a specific group of products. When new inventory becomes available, whether through stock replenishment or new product launches, you ship it directly to your new fulfillment center for incorporation. But that’s a topic for another blog post.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction 3PL 52

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 10, 2018

Every manufacturer and distributor of after market parts needs to have a pulse on the different stages of their product life cycle to ensure inventory levels are being accurately forecasted and replenishment reorder points are in alignment with customer demand. Four main classifications of a product life cycle.

Inventory Reduction 45

Inventory Reduction Inventory Production Expense Reduction 45

EazyStock

MARCH 9, 2021

In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices. See an example of ABC analysis in action here. For example, some products will have a regular demand, while others will have intermittent demand. Focus on your category A items.

Analysis 83

Analysis Inventory Optimization Software Procurement Solutions 83

EazyStock

MARCH 26, 2018

However, in this blog post we will explain in a little more detail why EazyStock is different from your ERP inventory management capabilities and what value it brings to your business. In Microsoft Dynamics NAV for example, you can set values for reorder points and safety stock levels. ” [1]. Reports at a glance.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

Running a warehouse as a silo, for example using a spreadsheet, will not help sales when a customer asks for a quote, or the shop floor if they need to know what materials are available for a production run. For example, analyzing real-time production data to uncover hidden inefficiencies and implement changes faster. Download Now.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

EazyStock

MARCH 4, 2021

In these situations you have to think smartly and weigh the costs against each other for replenishment. 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

SYSPRO Smarter ERP

NOVEMBER 3, 2021

They are used to measure how effectively the warehouse processes of receiving, replenishment, fulfilment and shipping perform. This may lead to any number of follow-up actions, for example: Redesigning sourcing or material strategies.

Manufacturing Procurement 105

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

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. We explain more about this in our blog about how not spending money where it’s needed now could end up costing you more in the long run.

Supply Chain Planning Software 52

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

EazyStock

APRIL 20, 2020

A planned event is when your customer has a planned event where the future demand is known; for example scheduled repairs and maintenance. Instead, appropriate replenishment parameters can be calculated based on the unknown demand only, lowering tied-up capital and improving customer service levels. What’s new? How will this help you?

Production 52

Production Supply Chain Planning Software Events Inventory Reduction 52

EazyStock

AUGUST 21, 2020

We’ve written numerous blog posts on ways to reduce excess and obsolete inventory and lower inventory carrying costs. Inventory planning and replenishment becomes less about crunching numbers and more about working with EazyStock’s results – managing by exception and making informed and timely decisions.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

EazyStock

JANUARY 31, 2022

Inventory Management KPIs – Examples for Effective Inventory Analysis. There are many formulas for calculating demand accuracy, or demand error, including the Mean Absolute Percent Error (MAPE) and Mean Absolute Deviation (MAD) – see our blog post on calculating forecast error for the specific calculations. Rate of return.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

Logistics Bureau

DECEMBER 4, 2023

So, rather than get overly prescriptive, I’ll use this blog post to highlight some companies that have achieved success through excellence in inventory management , and outline some of the most effective elements of their strategies. As you can deduce from Amazon’s example, there is no standard for an optimal warehouse layout.

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Logistics Bureau

NOVEMBER 6, 2023

For example, could some areas of your warehouse be adapted via racking optimisation to store higher inventory volumes? For example, you could reduce human labour by deploying robotic equipment or other forms of direct automation. It’s always a good idea to review your picking and packing operations, for example.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

FreightWaves SONAR

NOVEMBER 20, 2020

As an example, Supply Chain Dive states, “Minimizing the number of claims for overages, shortages and damages (OS&Ds) as a percentage of deliveries,” is one way to manage operations and track performance better. The capabilities of supply chains are continuously changing to reflect the latest advancements.

Supply Chain Design Software 66

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 66

Locus

DECEMBER 16, 2021

A recent example of this is the Suez Canal blockage , when a container ship was wedged in the canal, bringing freight movement to a halt and leading to delays in deliveries. The post The Fashion Retail Supply Chain is a Speed Game Now More Than Ever appeared first on Locus Blog. Get in touch with us for a quick tour of our solutions.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 52

FreightWaves SONAR

MARCH 2, 2021

For example, the above image shows an OTRI of 26.83 Increased visibility also improves replenishment processes deriving from increased lead time planning and the ability to secure capacity with less hassle. as of the close of business on March 1, 2021.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 52

EazyStock

MAY 24, 2019

They then fall back on trial and error or rule-based approaches to both cycle stock and safety stock inventory such as holding a certain number of weeks of historical average demand – for example, 4 weeks of cycle stock and 2 weeks of safety stock. Safety Stock Levels & the associated effects of variability in the supply chain.

Inventory 53

Inventory Manufacturing Procurement White Paper Replenishment 53

FreightWaves SONAR

MARCH 9, 2021

Obviously, that’s only one example, but it shows the value of insight and using data that’s available now. . It’s a continuous process that helps individual shippers learn when to boost replenishment. It helps carriers navigate the market to make accept-or-reject decisions, and it helps brokers perform functions of both sides.

Data 98

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EazyStock

MAY 24, 2019

They then fall back on trial and error or rule-based approaches to both cycle stock and safety stock inventory such as holding a certain number of weeks of historical average demand – for example, 4 weeks of cycle stock and 2 weeks of safety stock. Safety Stock Levels & the associated effects of variability in the supply chain.

Inventory 51

Inventory Manufacturing Procurement White Paper Replenishment 51

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. Smart Inventory Planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. For example, you can adjust the speed and volume of order processing to meet demand. For example, machine-learned computers can pack shipments and organize products. Machine learning in warehouses.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52