FreightWaves SONAR

FEBRUARY 16, 2021

By using strong management and analysis processes, supply chains can maximize value and stay competitive. Streamline data capture and analysis. Data for the sake of data is meaningless without proper, automated analysis and data capture. Request a FreightWaves SONAR demo by clicking the button below. .

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. For example, if you’re introducing a new product and there are no similar products to draw historical data from, qualitative research is a must to reduce risk.

eCommerce 87

eCommerce Inventory Reduction Operations Modeling Software 87

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. You can read about warehouse automation and technology in our article , where we discuss voice technology, radio frequency identification, automated guided vehicles, and robots.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

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

FreightWaves SONAR

DECEMBER 10, 2020

According to Supply Chain Dive , “The number of supply chain professionals who say they’re currently using predictive analytics at their company has grown 76% from 2017 to 2019, according to a Supply Chain Dive analysis of the annual MHI Industry Report.” Automate high-priority items’ notifications to avoid mistakes.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 95

RPA Labs

AUGUST 19, 2021

Robotic automation, chatbots, and AI technology are more than just the latest fads. Everything from freight document management to shipment tracking to payment tracking can benefit from automation and robotic processes. How RPA Enables Freight Document Management and Improves Data Collection, Analysis, and Application.

Document 40

Document Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 40

RPA Labs

AUGUST 19, 2021

Robotic automation, chatbots, and AI technology are more than just the latest fads. Everything from freight document management to shipment tracking to payment tracking can benefit from automation and robotic processes. How RPA Enables Freight Document Management and Improves Data Collection, Analysis, and Application.

Document 40

Document Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 40

RPA Labs

MAY 19, 2022

That’s the average response rate for a freight forwarder to respond to a quote request as uncovered in this unique approach by automation workflow company, RPA Labs. Changes in the consumer market require a stronger focus on automated communication systems. Overall & Analysis. But don’t take our word for it.

Freight forwarding 52

Freight forwarding Supply Chain Software Freight Supply Chain Design Software 52

FreightWaves SONAR

FEBRUARY 2, 2021

Emerging technologies from automation to delivery drones to the Internet of Things have the potential to transform the freight industry, disrupting old business models and changing the nature of freight jobs.” Consistency in data aggregation and analysis are key to maintaining index validity, applicability and actionability.

Supply Chain Planning Software 52

Supply Chain Planning Software Freight Supply Chain Software Resource Reduction 52

EazyStock

OCTOBER 20, 2020

ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company. ABC analysis, will help with this. For example, you should consider setting different service levels, safety stock levels and reordering parameters for each category. Schedule a Demo.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Locus

APRIL 5, 2022

Example: A wholesale business supplies meat to some of the restaurants regularly. Example: A brand supplies alcohol and beverages to retail outlets and restaurants regularly. Example: A B2B e-commerce business supplies medical products to hospitals, medical rehab centers and drug stores. Reach out to Locus for a demo now!

Digital 52

Digital Supply Chain Planning Software Optimization Software Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

These could be quantitative methods such as exponential smoothing, regression analysis or econometric forecasting. Or qualitative methods, such as the Delphi method, historical analysis or the panel consensus. For example, market growth potential and the percentage gain of market share over a set period.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

These could be quantitative methods such as exponential smoothing, regression analysis or econometric forecasting. Or qualitative methods, such as the Delphi method, historical analysis or the panel consensus. Top-down financial analysis measures the total market size while considering existing market trends.

Supply Chain Planning Software 52

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

Conger

JULY 22, 2021

For example, these systems can handle tasks ranging from: Receiving goods. For example, a Shopify storefront is an eCommerce platform. A Shopify storefront is an example of an eCommerce platform. Take our Shopify example again. One of the best ways to determine this is to request a demo from the vendor.

Supply Chain Design Software 52

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

Blue Grace Logistics

JUNE 21, 2018

Transportation Management Workflow may be defined as a supply chain workflow that connects and links the various parties involved along the chain from, for example, the seller’s warehouse to the buyer’s warehouse. Automating the routing and other internal processes. Consolidation. Freight audit. Improving visibility. MY.SHIPPING.

Cost Reduction 50

Cost Reduction Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software 50

EazyStock

FEBRUARY 17, 2021

A simple way to do this is to use a basic ABC analysis model to divide inventory into: A items – typically sell well and are profitable to the business. For example, you may want to carry more items that consistently sell well and are cheap to stock, versus those that are expensive with intermittent demand.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

EazyStock

FEBRUARY 7, 2020

For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. ABC analysis is a simple way to categorize inventory, so you can stock more category ‘A’ items that sell well and have a good profit margin, versus ‘C’ items that have a low sales rate and bring less value to the business.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

MARCH 4, 2021

Use automation to improve insights. A basic form of inventory categorization is ABC analysis. With ABC analysis, you group products based on one dimension: value. For example, EazyStock has an order fill-up feature that allows you to work to minimum order quantity, value or weight restrictions. Prioritize your inventory.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

EazyStock

DECEMBER 13, 2021

For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. Introducing ABC analysis to categorize your stock would help identify these so you can prioritize your time. These KPIs can easily be calculated in a ‘risk of stockout’ spreadsheet.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

EazyStock

APRIL 18, 2023

For example, warehouse costs, insurance and financing. One way to do this is with ABC/XYZ analysis. Support operational efficiency with technology Implementing automation through inventory optimization software allows you to take control of your inventory. Higher costs of storage.

Supply Chain Planning Software 52

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

Transporeon

MARCH 22, 2018

However, the more information you request within an RFQ, the more complex the analysis of the results will turn out. In the example, the lanes 1 and 2 would be 100% awarded to "Carrier B." In our simple example, this step could have been done manually. " Lanes 3, 4 and 5 would be 100% awarded to "Carrier A."

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48

Ship Monk

NOVEMBER 14, 2022

Fortunately, this will probably include some topics you’re already familiar with, such as: A market analysis Roles within the organization Product assortment (if adding new products to the catalog) A marketing plan (social media, newsletters, campaigns, etc.) The best way to do that? Partnering with a 3PL — seriously!

eCommerce 52

eCommerce Material Savings Inventory Reduction Cost Reduction 52

FreightWaves SONAR

APRIL 29, 2021

Greater use of automation in fulfillment of online orders and orders for store pickup. When putting an example shipper network into FreightWaves’ Supply Chain Intelligence (SCI) platform, the platform benchmarks rates against the overall market rate as well as the peer group, in this case retail. Request a SONAR Demo.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

GlobalTranz

FEBRUARY 24, 2015

Improving the ability to analyze and automate true freight spend is a priority for many large shippers and Directors of Transportation at these companies. What Kind of Reports Can I Create with My Transportation Data for Analysis? Last year we put out a white paper which contains all the transportation data points you can track.

Data 94

Data Transportation Cost Reduction Material Savings 94

EazyStock

APRIL 13, 2022

This will provide maximum analysis and understanding of your current setup and support sales and operations planning. For example, having more accurate demand forecasting, warehouse automation, diversifying your supplier network or bringing new technologies on board to give you real-time data. Distribution and logistics.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

EazyStock

AUGUST 9, 2022

This is where supply chain digitalization projects can help to automate simple processes, improve efficiency and save money. Automated processes from distribution software make it quicker and easier to provide reports and highlight changes in the market. WMS automate warehousing processes and monitor stock levels – often in real-time.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52