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What Are Reorder Points and How to Calculate Them

Ship Monk

This article will explain what reorder points are and show you how to calculate them. How to Calculate a Reorder Point. How to Calculate Demand During Lead Time. Using the tea kettle example above, let’s say the maximum number of blue tea kettles you’ve ever sold in one day is 45. What is a Reorder Point? Safety Stock =.

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How to Become a Handyman: 5 Steps To Get You Started

WorkWave

If you’re wondering how to become a handyman, the following steps will give you a better idea of how you can launch your career in the field service industry. In addition, some states require you to complete handyman courses to further your education. Do some research on how to become a handyman in your state.

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How to Hire a Delivery Driver: A Step-by-Step Guide

WorkWave

Mastering how to hire a delivery driver is essential in today’s fast-paced market, where excellent customer service and timely deliveries are key. ” “Can you provide examples where effective communication improved customer satisfaction?” Book a free demo with RouteManager now!

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How to Calculate Safety Stock: Three Different Calculations

EazyStock

Let’s introduce Mary’s Plumbing Warehouse as an example. For example, Mary may end up with unnecessarily large amounts of capital invested in excess stock of Showerhead C, whereas she could easily run out of Showerhead B. In reality, of course, this rarely happens. Time-based safety stock calculations.

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10 Ways for Truckload Providers Lower Detention and Demurrage Risk With Ocean Import Data

FreightWaves SONAR

As an example, rolled cargo could result in additional delays that add to a higher detention and demurrage risk for freight brokers and truckload providers. The best thing for truckload providers is to learn how to recognize when these charges are inevitable and take them into account for total freight spend. Request a SONAR Demo.

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Resources to help deepen your understanding of the freight market

FreightWaves SONAR

The high-frequency data housed in FreightWaves SONAR, for example, predicted the current freight recession months in advance. The curriculum includes high-level courses on trucking, 3PLs, LTL, fuel buying, rail intermodal and more. Click here to request a demo. Interested in learning more about SONAR?

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Demand Forecasting: How It Enhances Ecommerce Operations

Ship Monk

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. Of course, the more data you need and the more sophisticated your methods are, the more expensive demand forecasting becomes. The amount of data available usually depends on the maturity of the product.