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. The process is endless. It’s now time that inventory management teams did the same.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

EazyStock

JUNE 18, 2019

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 analysis (otherwise known as ABC classification ). 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.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

EazyStock

AUGUST 28, 2023

In this blog, we’ll explore the untapped potential of data-driven inventory management. If that’s your reality, you’ll identify with the leading precision engineering cutting tool distributor, Cutwel. Automating inventory analysis allows you to carry out multi-dimensional item categorization including more variables.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

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

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

3PL Links

JULY 7, 2023

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48

FreightWaves SONAR

FEBRUARY 23, 2021

This presents a huge challenge for enterprise shippers who have not embraced modern technology and freight tools. Unfortunately, ocean shipments data is rarely easily accessible or available for analysis by enterprise shippers. It makes for more work when the network falls behind, to begin with. It’s a relatively simple concept.

Maritime 84

Maritime Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 84

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

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. You will get notified when you need to replenish, have outliers, or run the risk of a stock out. ” [1]. Automated alerts.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

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. However, with an inventory optimisation tool like EazyStock, this becomes a straightforward task. However, ABC analysis is quickly out-of-date. Investing in the Right Inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

EazyStock

MAY 22, 2020

Our inventory of about 10,000 items was largely controlled manually, and we were using ‘rule of thumb’ for replenishment. We now have a system that we do not need to double check, which means that we don’t spend as much time on our daily stock replenishment. What other types of automation tools do you use today?

Automation 52

Automation Procurement Solutions Purchasing Skills Replenishment 52

EazyStock

FEBRUARY 1, 2021

In each case the future demand forecasting, replenishment and safety stock calculations need to be treated differently. Accurate eCommerce inventory replenishment. Each product will be affected by a different type of demand and have a different variance from their average demand. Seasonality, trends, promotions and new products.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 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

Blue Grace Logistics

AUGUST 30, 2021

What This Blog Is About: The current status of cold storage and transportation. As per the current analysis of Reports and Data , the global refrigerated transport market was estimated at $14.8 Despite new technological tools and organizational changes, there is one factor that we cannot ignore: professionals. from 2019 to $23.1

Optimization Software 62

Optimization Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 62

EazyStock

JUNE 10, 2022

Calculating demand forecasts and replenishment parameters can also be very challenging and time-consuming without software. With easy API integrations with many Enterprise Resource Planning (ERP) tools , inventory managers can automate procurement and replenishment processes. Logistics tracking.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 52

EazyStock

NOVEMBER 17, 2022

These should be based on previous sales periods during Black Friday, Small Business Saturday and Cyber Monday, or other similar promotional periods that can help the analysis. With a demand forecasting and purchasing optimization tool, you can automatically optimize replenishment for the best inventory values and service levels.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

These should be based on previous sales periods during Black Week, Black Friday, and Cyber Monday, or other similar promotional periods that can help the analysis. With a demand forecasting and purchasing optimization tool, you can automatically optimize replenishment for the best inventory values and service levels.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

These should be based on previous sales periods during Black Week, Black Friday, and Cyber Monday, or other similar promotional periods that can help the analysis. With a demand forecasting and purchasing optimization tool, you can automatically optimize replenishment for the best inventory values and service levels.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Procurement Solutions Purchasing Skills 52

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. This KPI tells you the number of days your inventory would last without replenishment, before running out. Use weekly, monthly, and year-on-year data for your analysis.

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

FreightWaves SONAR

DECEMBER 30, 2020

This remains key to the overall success of investments within supply chain analysis. If an enterprise chose to replenish stock based on outdated projections and supply chain KPIs , carrying costs could go through the proverbial roof. Simultaneously, making decisions based on outdated data can be even more disastrous than doing nothing.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

FreightWaves SONAR

JANUARY 22, 2021

Having access to real-time data and having shipping technology systems that allow for fast analysis is vital. Cloud-based systems, automated processes , machine-backed performances, and advanced tool integration will all help shippers improve and keep ahead of the competition.

Supply Chain Software 59

Supply Chain Software Logistics Network Optimization Software Resource Reduction Sourcing Strategies 59

EazyStock

FEBRUARY 7, 2020

In this three-part blog series we’re looking at each of these inventory management problems. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers. Increased stock levels to ensure stock availability.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

JANUARY 21, 2021

EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment. Signs that you need a more advanced tool for inventory management: Here are eight signs that you need to improve Microsoft Dynamics 365’s inventory management capabilities: Inaccurate demand forecasts.

Inventory 52

Inventory Optimization Software Supply Chain Planning Software Supply Chain Design Software 52

Logistics Bureau

NOVEMBER 16, 2020

You could be particularly numerate, or into analysis. Data management and data control are essential tools to help supply chain chiefs sift through accurate information before making important management decisions. The ability to use available technological tools to interpret data is becoming a must for those in managerial positions.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

EazyStock

DECEMBER 13, 2021

Introducing ABC analysis to categorize your stock would help identify these so you can prioritize your time. An inventory optimization tool , such as EazyStock, connects to your existing stock management system and will automate the risk of stockout calculations for you. Ways to Avoid Stockouts and Alleviate Issues.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

EazyStock

NOVEMBER 17, 2020

This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities. To remain competitive they know they need the tools to ensure the right stock is in the right place at the right time. Automated replenishment is critical to ERP inventory management.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

EazyStock

NOVEMBER 21, 2019

However, it’s possible to use software to carry out the analysis for you. You can set up the tool so that it either allows you to review the flier alerts and make an informed decision about whether to include or ignore the outlier in the future forecast, or you can simply let the system make the decision automatically for you.

Optimization Software 40

Optimization Software How To Inventory Reduction Procurement Solutions 40

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.

Supply Chain Software 79

Supply Chain Software Supply Chains White Paper Logistics Network Optimization Software 79

EazyStock

OCTOBER 10, 2018

To overcome these challenges, the use of MDM can create a logical starting point for big data analysis. However, the velocity and volume of big data hinders companies in making accurate and timely decisions without the use of data management solutions. Master data manages core information that is critical for business processes.

Inventory Reduction 45

Inventory Reduction Supply Chain Planning Software Inventory Modeling Software 45

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. Finally, campaigns and promotions are great tools for marketers but can be a headache for planners and purchasers. 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. Slotting Increases Replenishment Efficiency. Productivity improvements in picking, replenishment, and put-away. Slotting Benefits: Summary.

Production 92

Production Inventory Reduction Cost Reduction Resource Reduction 92

Blog on Log

AUGUST 19, 2006

It also includes ‘what-if’ sensitivity analysis and simulation techniques to sense the effects of delta changes in demand, supply, or network and helps respond better to changes. The cost of this true collaboration is falling dramatically with the advent of new web-based tools.

Supply Chain Planning Software 40

Supply Chain Planning Software Logistics Network Optimization Software Tracking and Tracing Supply Chain Design Software 40

EazyStock

JANUARY 27, 2019

Either they don’t have enough time or human resources to address the challenge or they don’t have the right tools for the job. To achieve that balance, you need methods and tools that can give you a complete overview of your entire stock. Small- and mid-sized businesses (SMBs) often ignore high inventory levels.

Inventory Reduction 45

Inventory Reduction Inventory Supply Chain Planning Software Procurement Solutions 45

EazyStock

APRIL 13, 2022

This will provide maximum analysis and understanding of your current setup and support sales and operations planning. Accurate demand forecasting is vital to ensure replenishment meets demand and you avoid over or understocking. If possible, use real-time data and big data insights to delve deep into each area of your supply chain.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

247 Customs Broker

APRIL 19, 2018

An off-cited analysis from McKinsey in late 2017, for example, found automation could destroy as many as 73 million US jobs by 2030, about one third of all jobs in the country. Using the right tools to do the right job is important and SCM is heavily dependent on sophisticated ERP systems to get right real data info ASP.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Supply Chain Design 28

247 Customs Broker

APRIL 5, 2018

. Sheffi starts, for example, with the extreme pressures coming from non-governmental organizations (NGOs), notably Greenpeace, about which one environmentalist says “When Greenpeace reaches for its toolbox, it tends to find only one tool, and that’s a mallet.” Julie Leonard.

Supply Chain Planning Software 28

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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. Business Assurance: Supply Chain Blogs. Procurement Blog. Islamic Banking. Mobile Banking. Payments Treasury. Wealth Management. Supply Chain Management. Offerings. |.

Supply Chain Planning Software 27

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 27