EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Read our blog on demand forecasting accuracy for more details. ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company.

Inventory Reduction 98

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EazyStock

JUNE 24, 2020

In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning. For example, highlighting unusual dips in demand or longer than expected lead times.

Inventory Reduction 98

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FreightWaves SONAR

APRIL 25, 2024

Meanwhile, drayage carriers gauge inbound volume, measured at the point of origin, for a look ahead at local demand in the coming days (see blog for detail). So far this year, international intermodal volume has been boosted by strong import volume as shippers looked to replenish inventories. year over year in Q1. Hunt reported.

Data 64

Data Digital Replenishment Blog 64

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. ABC analysis is a simple way to segment your stock based on its value to the business.

Availability 52

Availability How To Inventory Reduction Supply Chain Planning 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 105

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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

Logistics Bureau

OCTOBER 20, 2021

“Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs. As an example of how illuminating the perfect order KPI can be, let’s look briefly at damage-free delivery as an example. x 0.96 = 0.8661.

Supply Chain Design Software 97

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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

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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. You can then define their corresponding service levels.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

EazyStock

AUGUST 21, 2020

We’ve written numerous blog posts on ways to reduce excess and obsolete inventory and lower inventory carrying costs. While these stats will vary to some degree, this is the theory behind ABC inventory analysis – a model that can be used to categorize your stock. Top five inventory reduction methods .

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource 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.

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EazyStock

MARCH 4, 2021

A basic form of inventory categorization is ABC analysis. With ABC analysis, you group products based on one dimension: value. In these situations you have to think smartly and weigh the costs against each other for replenishment. A items are the most valuable to the business, B items less valuable and so on.

Optimal Sourcing 59

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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 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. stock availability.

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. Using algorithms, AI can provide better quality data and analysis to give a complete overview of your warehouse and supply chain. AI was once only seen in science fiction. Machine learning in warehouses.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

WorkWave

JUNE 27, 2024

This blog will delve into the current state of driver availability, its causes, consequences, strategies for mitigating the challenge, and future outlooks and long-term solutions. For example, a major retail chain reported significant logistical challenges due to driver shortages during the peak holiday season.

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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

NOVEMBER 3, 2021

They are part of the quality management process and require an analysis of the top factors that drive returns to determine where interventions are required in the process. They are used to measure how effectively the warehouse processes of receiving, replenishment, fulfilment and shipping perform. Warehousing KPIs.

Manufacturing Procurement 105

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FreightWaves SONAR

MARCH 9, 2021

The analysis of that data helps companies identify reliable insights based on what’s happening today and yesterday, not just what happened last week. Obviously, that’s only one example, but it shows the value of insight and using data that’s available now. .

Data 98

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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. LMS applications can help with real-time workforce tracking, performance analysis, and scheduling.

Cost Reduction 108

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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. One way to do this is with ABC/XYZ analysis. Higher costs of storage.

Supply Chain Planning Software 52

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

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. For example, you can be doing finance in supply chain, or you can be doing operations. You could be particularly numerate, or into analysis. Data analysis is a key component of this position.

Supply Chain Planning Software 116

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EazyStock

NOVEMBER 6, 2020

In this blog, we’ll take the four types of carrying costs in turn and understand their real impact on your bottom line. Storage costs will vary dependent on your type of storage; for example if you own your own warehouse, you may have more control over your costs than if you use a Third Party Logistics (3PL) provider. Capital costs.

Inventory Reduction 40

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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. Microsoft encourages Dynamics BC users to manually categorize their stock items using a simple ABC analysis model. Microsoft Dynamics 365 Inventory Management Features. Working with Service Levels.

Inventory 52

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EazyStock

NOVEMBER 21, 2019

For example, sales transactions that result from a flash clearance sale do not represent typical demand for a given period. In the example above, the orange line going forward reflects this decision. However, it’s possible to use software to carry out the analysis for you. Deciding How to Handle Outliers.

Optimization Software 40

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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

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Infosys Supply Chain Management

FEBRUARY 8, 2012

View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. They expand into an analysis of revenue-accruing & cost-optimizing functions, and result in the identification of capabilities that the organization aspires to develop or enhance.

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Freightos

MARCH 3, 2015

So when I asked Cathy Roberson, a senior analyst at Transport Intelligence and a tech-enthusiast who is vox supplychainus on Twitter at cmroberson06 , I was not surprised when she sent me back an analysis that seems to match up perfectly with some of Google’s recent projects: Google Glasses, Android and 3D printing.

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EazyStock

NOVEMBER 17, 2020

This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities. Can you recognize the warning signs that your business needs automated inventory planning and replenishment ? Automated replenishment is critical to ERP inventory management.

ERP 98

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EazyStock

MARCH 3, 2022

Using ABC analysis will help you categorize your stock items and assign different stocking policies to each group. It’s not wise to treat all items the same, as some will be more at risk of erratic lead times or lumpy demand than others. Classifying your stock helps prevent a ‘blanket approach’.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

EazyStock

JULY 19, 2019

This blog post will briefly go through the key elements of optimizing your inventory and link to resources that will give you more details of each key concept: Demand forecasting. Replenishment. For example, when the product is first introduced to the market it will not have any historical demand at all. Replenishment.

Optimal Sourcing 55

Optimal Sourcing Optimization Software Inventory Optimization 55

Logistics Bureau

DECEMBER 19, 2022

If you browse through the Logistics Bureau blog, you’ll find at least two or three articles—and about the same number of videos—that cover warehouse product slotting. For example, slotting strategies often involve placing the fastest-moving SKUs close to the warehouse dispatch zones, minimising picking operatives’ travel distances and times.

Production 93

Production Inventory Reduction Cost Reduction Resource Reduction 93

Logistics Bureau

JULY 18, 2022

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. Another thing we talk about quite often on our blog is how companies often misjudge the needs and preferences of their customers. Step 1: What do Your Customers Want?

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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. Purchasing.

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Blog on Log

JUNE 8, 2006

A number of solutions will facilitate this: - ABC analysis to identify fast, medium and slow SKUs to re-profile layout - Introducing flow rack for smaller items to free regular pallet slots - Multi-level picking & shelving for very slow items - Batch picking for small volume orders How are new items slotted in the distribution center?

Production 40

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EazyStock

AUGUST 9, 2022

Some also produce picking lists and dispatch notes, and offer support with replenishment calculations. For example, do you need an ERP upgrade and replacement when reviewing your ERP? Book a demo to find out how to save valuable inventory management team time and resources for analysis and strategic decisions.

Supply Chain Planning Software 52

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Infosys Supply Chain Management

SEPTEMBER 22, 2011

View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. AIRBUS Sup@irWorld eSupplyChain Project represents one such successful example in the Airbus Manufacturing industry. Business Assurance: Supply Chain Blogs. Procurement Blog.

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