FreightWaves SONAR
NOVEMBER 5, 2020
Successful performance measurement and management contribute to enhancements and help to optimize supply chain resources. As a result, companies should create carrier scorecard standards that apply advanced analytics, namely predictive modeling, to consider market volatility and overcome it. Request a SONAR demo online to get started.
Locus
AUGUST 2, 2022
Similarly, today’s emerging last-mile delivery fulfillment models seemed like a gamble for businesses when it started a decade back but are essential for a profitable business plan today. Being a retailer, the ultimate question on your mind would be, “How to deliver goods quickly and seamlessly while minimizing costs?”.
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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. What is stock optimization? 6 Inventory Control Techniques to Optimize Stock Levels. Understand your demand.
Ship Monk
FEBRUARY 9, 2024
Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. If you know how much your inventory costs to store, per unit, you can determine whether or not a more expensive forecasting technique is worth the potential savings in inventory costs.
Speaker: Gertjan de Lange
If the last few years have illustrated one thing, it’s that modeling techniques, forecasting strategies, and data optimization are imperative for solving complex business problems and weathering uncertainty. Experience how efficient you can be when you fit your model with actionable data.
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?
EazyStock
NOVEMBER 19, 2021
For products whose demand is more erratic, higher levels of safety stock are required, but how do you calculate the optimal level? Instead of using historic consumption or sales data to calculate the forecast, they use probability distributions to model demand and account for variance. Average/Max safety stock formula.
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