EazyStock

MARCH 22, 2022

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. How to overcome demand forecasting challenges. Use appropriate historical data.

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FreightWaves SONAR

MARCH 23, 2021

And rather than waiting until things go wrong, shippers, carriers and brokers can apply these seven last-minute thoughts can help bring to light what strictly a business should focus on and how to apply predictive rates to measure the likelihood of improved operations. Download the White Paper.

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EazyStock

FEBRUARY 1, 2021

Here are ways you can optimize your inventory management practices for eCommerce competitiveness: How to Manage eCommerce Inventory. Using historical demand data alone is not enough to predict your future demand and prevent stock outs – especially when markets are unpredictable and you carry items with erratic and sporadic demand.

Inventory Reduction 52

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GlobalTranz

JUNE 2, 2015

The company focuses on high tech industries such as telecome , data storage, data centers, bio-medicine, and any company who needs supply chain visibility and proactive supply chain services for replacement parts and more. This can also help you decide how to manage new items that are new to your business or to your inventory.

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GoShip Blog

DECEMBER 23, 2022

When this happens, many small business owners sell unavailable items on backorder and ship them to the customer after replenishing their inventory. How to Reduce Backorder? The most obvious way to minimize backorders is by replenishing your stock regularly. Out-of-stock vs backorder. Communicate with Manufacturers and Suppliers.

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Logistics Bureau

NOVEMBER 16, 2020

The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Certified Supply Chain Professional : Learn how to develop streamlined supply chain operations. And don’t be afraid to ask their advice on how to start out in the industry. Data Managers.

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EazyStock

NOVEMBER 17, 2020

Many organizations have an enterprise resource planning (ERP) system to collect, store, manage and interpret data from a host of different businesses processes. This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities. What is ERP inventory management?

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EazyStock

MARCH 17, 2021

In this piece, we’ll take a look at some of the top types of supply chain disruptions, the impacts that they have on your supply chain, how to mitigate whatever risk you can and finally how you can handle supply chain disruptions once they occur and come out on top. Types of Supply Chain Disruptions. Impacts from Disruptions.

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EazyStock

DECEMBER 13, 2021

A basic risk of stockout spreadsheet can be easily set up using the following data: Current stock items, items on order and in transit. Ensuring your Data is Accurate and Up-to-Date. EazyStock takes a feed of your current stock data and uses historical sales to forecast upcoming demand. Demand forecasts. Lead times.

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Logistics Viewpoints

MAY 11, 2023

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. For example, they can test the effect of increasing or decreasing safety stock levels or changing the replenishment frequency of certain products. come with any of them.

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EazyStock

MAY 11, 2021

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

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EazyStock

JANUARY 21, 2021

EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment. It stores a wealth of data about every product and updates stock levels based on outgoing sales and incoming purchases. Here’s how an inventory optimization tool can help bridge the gap.

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EazyStock

OCTOBER 23, 2020

With accurate demand forecasts that account for seasonality, you can optimize stock levels and make informed decisions on safety stock levels and replenishment rules. How to forecast for seasonal demand. The post How to Manage Seasonality of Demand to Increase Forecasting Accuracy appeared first on EazyStock.

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EazyStock

NOVEMBER 21, 2019

Forecasting accuracy can be affected by ‘outliers’ or ‘fliers’ in the data. An outlier is a data point that is not considered to be part of the overall pattern of demand for a product. A demand outlier can either be overly high or overly low compared to other data points in the data series.

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Conger

DECEMBER 13, 2022

Access to all your data about customer deliveries with granular detail to make informed decisions fast about your logistics management. With data and full control, you can change, adjust, and pivot as need be. Upgrade to full automation in these other areas gradually and use the tools to improve your performance and reduce lead times.

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Logistics Bureau

DECEMBER 19, 2022

Slotting Increases Replenishment Efficiency. If warehouse product slotting increases productivity and efficiency in picking, thereby reducing warehouse costs, it stands to reason that it does the same for replenishment and put-away activities. Productivity improvements in picking, replenishment, and put-away.

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SYSPRO Smarter ERP

FEBRUARY 22, 2024

Here’s how to do it: Label aisles, rows and bins with floor or overhead placards so employees can identify the correct location quickly and easily. Quick Win #3: Speed up barcode scanning Barcode scanners are a crucial component of automating data collection, saving time and reducing errors in your warehouse.

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EazyStock

JUNE 23, 2021

Luckily, inventory optimization tools , such as EazyStock, have the functionality to help. By clicking on a finished assembly you can quickly see items that make-up the BOM and a wealth of data about each one including: How many of each item is needed in the BOM. Automated BOM Inventory Management. Current stock levels.

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Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years. This can make the application of ABCD Analysis less effective.

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EazyStock

JULY 17, 2020

In our four-part blog series on Coronavirus and its impact on inventory management , so far we’ve looked at how to overcome COVID-19 demand forecasting challenges and improving inventory planning during the pandemic. At the heart of such a model is the need for operational transparency and data-led decision-making.

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EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. In this post we’ll look at 6 inventory control techniques that will specifically show you how to control your stock levels, help you optimize your inventory and maximize profits. Understand your demand.

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EazyStock

JANUARY 14, 2020

But once they’re up and running, there’s no doubt they offer a wealth of benefits, including streamlined processes, improved productivity, centralized data and better departmental collaboration. Read our blog post on how to calculate your demand forecasting accuracy for further information. Are you one of these people?

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EazyStock

JUNE 18, 2019

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. Here is a working illustration of how to divide your inventory using annual consumption value. How to Put your Data to Good Use.

Analysis 51

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Logistics Viewpoints

JANUARY 25, 2023

But Manhattan has built a single platform that shares data across applications at all times. Store associates can use RFID for rapid scanning and tracking, see how much of an item is actually in stock, and replenish these items faster. This is part of the larger customer experience tool kit the company has rolled out.

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EazyStock

APRIL 13, 2022

Supply chain strategy planning – if you understand your strategic objectives, you will be able to plan how to balance supply and demand. If possible, use real-time data and big data insights to delve deep into each area of your supply chain. Once again, you need real-time, good data to control supply. Purchasing.

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Stord

APRIL 4, 2022

Integrated Order Management and Inventory Planning “Proper demand planning beyond replenishment plans. There are few tools in the industry that can also utilize what-if analysis to plan for segments of the year - such as seasonality, peaks/valleys based on marketing campaigns, or regional opportunity planning. 2020 sales plus 20%).

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Logistics Business Magazine

OCTOBER 9, 2023

Edward Napier-Fenning, Sales & Marketing Director of leading supply chain software company Balloon , explores five key areas that can boost performance – including route planning, picking, labour management reporting and data entry. Quite suddenly, Artificial Intelligence (AI) is everywhere.

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EazyStock

JUNE 18, 2019

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. Here is a working illustration of how to divide your inventory using annual consumption value. How to Put your Data to Good Use.

Analysis 40

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EazyStock

MAY 20, 2020

From creating connected teams using virtual streaming and collaboration tools, to increasing productivity with automation despite smaller workforces, to establishing new routes to market via eCommerce. It provides the data analytics that businesses need to make informed decisions and identify areas of improvement and opportunity.

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Ship Monk

OCTOBER 17, 2023

The key is to be aware of inventory challenges out the gate, and have knowledge on how to overcome them should they occur. Data is to peak season as wrapping paper is to a Christmas elf—necessary if you want things done right. Lucky for you, in this blog we’re going to cover both! A big part of that is inventory management.

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EazyStock

APRIL 28, 2022

Our article explains how to forecast and deal with fluctuating demand , including using appropriate historical data and how to deal with periods of stockouts. You need to understand where staff shortages will impact your operations and identify how to hire and retain the right staff. Optimization tools.

Optimal Sourcing 52

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EazyStock

APRIL 28, 2022

Our article explains how to forecast and deal with fluctuating demand , including using appropriate historical data and how to deal with periods of stockouts. You need to understand where staff shortages will impact your operations and identify how to hire and retain the right staff. Optimization tools.

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Logistics Viewpoints

APRIL 7, 2021

You need to know how to put the right logistics in place and deliver the right product at the right time and meet the SLA the customer has set. Supply chain planning technology is one of the main tools needed for TireHub’s digital transformation. However, the company has also invested in other necessary technology tools as well.

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Ship Monk

JULY 27, 2022

Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! Put simply, demand forecasting uses a variety of data to foresee customer demand and inform major business decisions, from launching new products to finding the perfect 3PL partner. How does that stack up to AOV ?

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Blue Grace Logistics

AUGUST 30, 2021

As per the current analysis of Reports and Data , the global refrigerated transport market was estimated at $14.8 How to mitigate the risk that this entails? Hence, specialized sensors are used to collect and transmit this data to the corresponding software. Cold storage construction is projected to reach $18.6 from 2019 to $23.1

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SYSPRO Smarter ERP

SEPTEMBER 8, 2021

It may be difficult to decide how to spend a limited budget on new digital technology. This involves using real-time data and technology to get information about manufacturing processes when and where it is needed, in the form it is needed, to empower smart decisions about business operations.

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Globalior

APRIL 17, 2021

Unless the minimum-maximum stock rule is under continuous manual review, continuously applying replenishment could mean accumulating expensive oversupply. How to optimize inventory to keep a minimum stock? A WMS is the ideal tool to reduce cycle times and to streamline warehouse operations. Prioritize.

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