EazyStock

MARCH 9, 2021

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.

Analysis 83

Analysis Inventory Optimization Software Procurement Solutions 83

FreightWaves SONAR

JULY 10, 2023

Businesses are prioritizing the speed of data propagation within their supply chains. According to Gold, NRF members have made significant investments in data analysis to improve their ability to predict consumer demand to prevent bloated inventory levels that many large retailers experienced around this time in 2022.

Data 52

Data Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 52

Logistics Viewpoints

SEPTEMBER 4, 2023

There are different tools, goals, and market dynamics. An RFP is a data intensive exercise. This made the data analysis easier. On the inbound side, it was highly reliant on spreadsheet data. This made the data analysis “painful.” We did not have a great spot tool.”

Procurement Solutions 122

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 122

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 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

SYSPRO Smarter ERP

MAY 2, 2024

Why manufacturers should consider AI Generative AI (GenAI) and Machine Learning tools are being added to ERP solutions at a rapid pace, bringing new levels of automation and efficiency to business processes across the manufacturing enterprise. The other emerging area around AI in ERP focuses on trend analysis and forecasting.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

Logistics Viewpoints

NOVEMBER 6, 2023

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Increasingly, companies will take sustainability criteria into account in their purchasing decisions. The data, which is reported on the EcoVadis platform, highlights the supplier’s emissions.

Supply Chain Planning Software 133

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 133

Ship Monk

APRIL 5, 2024

The process involves collecting quantitative and qualitative data concerning vendor-provided goods and services, and analyzing this data for opportunities to improve (or reasons to end) the relationship. Adding an SRM layer simply forces you to analyze this data once in a while, and use the information to improve your business.

Negotiate Pricing 82

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 82

FreightWaves SONAR

APRIL 16, 2024

Market Dashboard Plus is a multi-lane management tool that provides context around origin and destination capacity conditions in relation to spot and contract rates. Using those deltas, SONAR customers can target lanes that have low variance in pricing, which provides a starting point for analysis of the easiest lanes to cover.

Optimization Software 52

Optimization Software Optimization Networks Network Optimization Software 52

GlobalTranz

MARCH 24, 2015

Given that our proprietary TMS, the Cerasis Rater , provides multiple reports, giving our shippers’ many insights, this post is quite appropriate, just like getting the data that is meaningful , in order to make the best decisions for your business possible. . Payments on leased/purchased trucks and trailers represent 11% of costs.

Purchasing Skills 94

Purchasing Skills Cost Reduction Analysis Procurement Analytics 94

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

Logistics Viewpoints

JUNE 8, 2023

While the initial purchase cost of an existing platform may appear higher, the added benefits, scalability, and efficiencies it provides ensure lower costs over the long term and higher lifetime value. Purchasing technology from a vendor can be a complex task, especially when it comes to estimating costs.

Modeling Software 121

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 121

GlobalTranz

MAY 27, 2015

The United States Manufacturing Technology Orders (USMTO) data report is compiled monthly by the Association for Manufacturing Technology (AMT). What is the USMTO Data Report? The full data set is reported by eligible equipment builders and distributors and is provided to all participants in the program at no cost.

Manufacturing Procurement 94

Manufacturing Procurement Procurement Analytics Data Modeling Software 94

Blue Grace Logistics

JULY 27, 2021

Improving predictability in outcomes is valuable, but ensuring your supply chain is nimble enough to act on the data is even more so. We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. The presence of data throughout the supply chain is vital to its evolution.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

SYSPRO Smarter ERP

NOVEMBER 30, 2021

An enterprise resource planning (ERP) system can automate and provide a systematic approach to creating a forecast from historical data. It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Stay Agile, Get Ahead. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

Trinity Logistics

OCTOBER 31, 2021

Transportation Management software offers you a way to view insightful data, gain visibility, and better manage all the moving parts in the shipping process. While a TMS might seem daunting and expensive, it’s become an essential tool for businesses to be successful. How do you gather and view data? your logistics? Automation.

Optimization Software 96

Optimization Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 96

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The cloud also allows access to Big Data, which greatly improves the platform’s ability to do machine learning. That has recently changed. Coupa meets this definition.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. Choose and implement demand planning software While you can do demand planning manually, managing data in multiple spreadsheets makes it harder to analyze and bring together usefully.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. While you can do demand planning manually, managing data in multiple spreadsheets makes it harder to analyze and bring together usefully. Gather internal and external data.

Supply Chain Planning Software 52

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

3PL Links

APRIL 5, 2024

The possibility of management errors is limited and decreased by putting in place a common web platform where suppliers, manufacturers, and distributors can obtain real-time data on inventory levels, client demand, and production schedules.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Sourcing Strategies 48

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

SYSPRO Smarter ERP

MARCH 16, 2022

As you become more connected, more data is generated than ever before, creating the need to drive insights and make more informed decisions. They have several capabilities of an ERP system; optimizing cost control, streamlining business processes, improving productivity, and providing real-time data analysis for reporting and decision making.

Supply Chain Design Software 116

Supply Chain Design Software Supply Chain Planning Software Optimization Software ERP 116

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. This data can be used to identify potential issues before they become problems, optimize maintenance schedules, and improve the lifespan of equipment. come with any of them.

Optimization Software 141

Optimization Software Supply Chain Design Software Modeling Software Digital 141

SYSPRO Smarter ERP

JULY 4, 2022

When exploring what key technological investments, the industry made in response to those disruptions, only 12 percent looked at data analytics to interpret data and identify any real-time shifts across the supply chain. One of the main technology disruptors is cloud infrastructure and supporting tools.

Optimization Software 111

Optimization Software ERP Supply Chain Software Manufacturing Procurement 111

Logistics Viewpoints

MARCH 1, 2021

Once the analysis was done for Year One set up, Year Two was pretty much the same. The introduction of smoke-free products made the use of spreadsheet tools far less efficient in the capacity and sourcing planning as the new product categories had rapid growth. “We The tool was able to create a model going out multiple years.

Supply Chain Design Software 107

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 107

RPA Labs

JANUARY 13, 2022

With continued digital innovation, data from across the supply chain network and even consumer purchasing trends can be easily collected and analyzed to understand historical trends better and predict future demand. Management and Data Sharing Too. ??Even Consider emails, video calls, data transfers, and the like as well. ?5.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimization Software Procurement Solutions 52

GoShip Blog

APRIL 22, 2022

Demand forecasting is a highly efficient tool for any business type. According to statistics, about 80% of customers prioritize personalized service when purchasing. Forecasting operations typically aim to examine and evaluate customers’ purchasing patterns and habits. Collect the data. Determine the forecasting goal.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chains 40

EazyStock

OCTOBER 10, 2018

Big data is a term used to describe a massive volume of both structured and unstructured data that’s too large to be processed using traditional database and software techniques. In most enterprise scenarios, the volume of data is too big, moves too fast and exceeds processing capacity of existing applications.

Inventory Reduction 45

Inventory Reduction Supply Chain Planning Software Inventory Modeling Software 45

Logistics Bureau

APRIL 4, 2022

At Logistics Bureau, we capture, analyse, and exploit freight benchmarking data to help us when we provide freight contract negotiation services for our clients. Although freight benchmarking is not a complicated process, it may prove challenging because the data your company needs is unlikely to be readily available.

Negotiating Skills 82

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 82

3PL Links

FEBRUARY 6, 2023

Specifically, supply chain training will make it simple for your staff to use the many technical tools they use on a regular basis. It is crucial that they understand how to use these tools correctly as well as how to respond quickly if something goes wrong. The reaction time could be lengthy in the event of an incident, though.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Optimization Software 62

20Cube Logistics

NOVEMBER 19, 2020

With technology evolving, the logistics companies are looking ahead with automation and digitalisation with forecasting tools as it has the capability to boost operational efficiency, improve warehouse performance and adequately manage the predictive analysis. What are the popular methods of supply chain forecasting?

Supply Chain Planning Software 52

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

AIMMS

NOVEMBER 2, 2020

This can result in different teams using different data formats, diverging results from data analysis, and hence poorly aligned decision making. These are many issues that arise when teams don’t have a centralized S&OP workflow and common access to data. They had no centralized purchasing process.

Supply Chain Planning Software 127

Supply Chain Planning Software Purchasing Skills Cost Reduction Optimal Sourcing 127

3PL Links

AUGUST 2, 2023

As a result, we can claim that this tool has evolved into a potent strategic asset. In terms of how RPA helps improve the agility and quality of supply chain processes, the tool makes it possible to manage invoicing more effectively by automating actions like sending purchase orders and downloading and uploading documents and receipts.

Supply Chain Software 62

Supply Chain Software Supply Chain Planning Software Supply Chains Automation 62

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. At a high level, what GEON does is purchase plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility.

Supply Chain Planning Software 140

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 140

Ship Monk

MARCH 30, 2024

We’re talking the tools, technology, and team members who set you up for success on all fronts. MonkProtect MonkProtect is a post-purchase suite that helps ecommerce brands “stress less and grow more” by protecting ecommerce orders. Have more questions? Overall, our 3PL is in the business of growth.

3PL 84

3PL Supply Chain Design Software Optimization Software Supply Chain Software 84

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. It is also important to consider qualitative data.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Procurement Solutions Purchasing Skills 52

Logistics Business Magazine

JANUARY 25, 2023

This has led to the launch of new legislation such as the CHIPS Act and the Bipartisan Infrastructure Law in the US, and increased GPDR regulations across the EU, the combination of which is placing greater accountability on suppliers and purchasers.

Supply Chain Software 63

Supply Chain Software Government Supply Chains Food and Agriculture 63

Ship Monk

DECEMBER 15, 2023

Will consumers be reluctant to use credit cards for holiday purchases? For the first time, mobile purchases have overtaken desktop purchases. We also hope you’re paying close attention to the data coming in because this will become your baseline for many BFCM seasons to come. Will inflation put a damper on holiday sales?

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64