EazyStock

AUGUST 28, 2023

In the rapidly evolving business landscape, staying ahead of the competition requires more than just good instincts – it demands data-driven decision making. When it comes to inventory management, relying on gut feelings and historical data may lead to inefficiencies, missed opportunities and incorrect inventory levels.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Log-hub

NOVEMBER 22, 2023

7 min read Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis In the dynamic world of supply chain management, optimizing warehouse operations has become an indispensable factor for businesses. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

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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

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EazyStock

JUNE 23, 2022

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

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

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

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SYSPRO Smarter ERP

AUGUST 7, 2023

This fragmented approach leads to redundant data entry, lack of coordination and inefficiencies that consume valuable time and resources. With an ERP, all departments are looking at the same data. Inventory managers can plan replenishment to satisfy demand from sales and production. If this sounds familiar, you are not alone.

ERP 98

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Blue Grace Logistics

MARCH 20, 2023

Shipper's Guide to Planning Ahead Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - March 20, 2023 Data shows there is a consensus that revenue will increase and inventory levels will build. The latest LCI forecasts an upwards trend for Q2.

Supply Chain Planning Software 62

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SYSPRO Smarter ERP

FEBRUARY 2, 2022

Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices. Effective data management. Furthermore, data handling may necessitate collaboration amongst many departments to maintain performance and quality. Tracking issues.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Reduction Inventory Optimal Sourcing 105

Logistics Viewpoints

MARCH 4, 2021

Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats. Planners spend their precious time collecting and synthesizing the data to drive insights.

Supply Chain Planning Software 157

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 157

FreightWaves SONAR

FEBRUARY 23, 2021

However, it has no immunity to rising costs and fees, changes in taxes, mobile data expenses, and penalties. The solution: Recognizing market trends as they occur in real-time is easier with access to actionable, insightful data. Challenge 4: Rising costs. Managers need to contend with this challenge on a regular basis.

Maritime 84

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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.

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FreightWaves SONAR

JUNE 7, 2023

The reason they’re doing this is that they lack granular market data on contract and spot rates and prevailing service levels. Let’s look at some data. Broad-based freight market data suggests that there’s still a substantial cost-reduction opportunity in front of supply chain leaders. Immediate freight cost reductions of 16.5%

Inventory Reduction 52

Inventory Reduction Cost Reduction Optimal Sourcing Price Reduction 52

EazyStock

JUNE 24, 2020

It also offers improved efficiencies and powerful data insights, providing a wealth of functionality to help during these difficult times. The era of using spreadsheets to run reports and analyze data is over. A good forecasting tool will identify demand trends at SKU level and adjust forecasts accordingly.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

Logistics Bureau

JULY 18, 2022

Once you have gathered the data relating to your customers’ needs, you should be able to see if a single logistics strategy will work for your entire customer base, or whether you need to take a segmented approach. Step 2: Gap Analysis – Customer Requirements and Supply Chain Trends. Delivery time windows. Inventory levels.

Inventory Reduction 106

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 106

Stord

MARCH 24, 2020

Inventory replenishment becomes a challenge as a result and you risk not being able to fulfill customer orders or reorder from the manufacturer. Build a network of forward stocking locations and use your supply chain’s historical inventory data to make decisions. What SKUs sell out the fastest in that region?

Supply Chain Design Software 78

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3PL Links

APRIL 23, 2024

Read also: Top 9 Technology Trends for Your Warehouse in 2024 The supply chain Although it incorporates logistics, the supply chain is not to be mistaken with logistics. The finest relationships for your business are identified by developing decision models based on multiple criteria and accessing useful data through algorithms.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 48

EazyStock

OCTOBER 20, 2020

This keeps the data clean and easier to use for forecasting going forward. Trends: Product demand is influenced by fashion, technology, social, economic and legal factors. Look out for such trends in your historical demand data and adjust your forecasts accordingly. ABC analysis, will help with this.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers.

Supply Chain Planning Software 59

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EazyStock

FEBRUARY 1, 2021

Simply reacting to market change is not enough, because you may have insufficient stock to meet a surge in demand or even miss out on a trend altogether. In each case the future demand forecasting, replenishment and safety stock calculations need to be treated differently. Seasonality, trends, promotions and new products.

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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. It is also important to consider qualitative data. Building that communication with suppliers requires reliable data, regular communication, and transparency.

Procurement Solutions 52

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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. It is also important to consider qualitative data. Building that communication with suppliers requires reliable data, regular communication, and transparency.

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. It is also important to consider qualitative data. Building that communication with suppliers requires reliable data, regular communication, and transparency.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Procurement Solutions Purchasing Skills 52

Logistics Bureau

OCTOBER 10, 2022

The second is when you implement segmentation of the SKUs in your portfolio based on Pareto analysis. Inaccurate forecasts typically arise from mistakes, which, once identified, can be eliminated, such as: Failure to understand seasonality and other trends affecting demand volumes. 2: Forecast Accuracy. 3: Supplier Lead Time.

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

MTS Logistics

JANUARY 3, 2023

Until the next contract season, which traditionally kicks in April-May, no major upward trend is expected. Increased pressure to replenish inventories. Regardless of overall economic indicators, importers overall will be under a great dilemma to replenish diminishing inventories or wait for a better economic environment.

Negotiating Skills 104

Negotiating Skills Industry Tracking and Tracing Inventory Reduction 104

EazyStock

JUNE 16, 2022

AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. ML models teach themselves over time by analyzing trends and spotting anomalies and then offering predictive insights. Improved customer service.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Logistics Bureau

OCTOBER 20, 2021

You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supply chain organisation. “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.

Supply Chain Design Software 96

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

EazyStock

JUNE 10, 2022

The mobile WMS app scans barcodes to collect data via handheld devices and sends it straight to your ERP. Calculating demand forecasts and replenishment parameters can also be very challenging and time-consuming without software. CoPilot also offers a post-trip analysis of the route taken against the originally planned one.

Optimal Sourcing 52

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Blue Grace Logistics

AUGUST 30, 2021

What are the current and future trends in cold storage and transportation. As per the current analysis of Reports and Data , the global refrigerated transport market was estimated at $14.8 The following trends are transforming the way of operating companies dedicated to cold logistics: 1. from 2019 to $23.1

Optimization Software 62

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EazyStock

AUGUST 21, 2020

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. Using ABC analysis, you can classify your inventory items into three groups based on their value to the business. For most companies 80% of their revenue comes from 20% of their stock.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

Logistics Business Magazine

AUGUST 11, 2020

Forecasting and replenishment formulas that use historic consumption or average stock days are only effective when demand and lead times remain static and the only way for the user to consider any variance is to continually update their calculations.

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Logistics Viewpoints

DECEMBER 3, 2020

This requires integrating data and processes across the network, which requires IT investments, operational work, and additional shipping and handling costs. Capturing Sales and Fulfillment Data. It is crucial to define such restriction rules and capture them in the data accordingly. Buying behavior varies across consumers.

Supply Chain Planning Software 78

Supply Chain Planning Software Scenario Planning Supply Chain Design Software Optimization Software 78

Logistics Business Magazine

OCTOBER 3, 2021

The scientist is considered an expert in data-driven software development, learning effects through data analysis and the development of new algorithms and tools in Big Data environments. His idea: predictions in pricing and replenishment can be improved if they are made with the help of artificial intelligence.

Logistics Network Optimization Software 53

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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. It stores a wealth of data about every product and updates stock levels based on outgoing sales and incoming purchases. Microsoft Dynamics 365 Inventory Management Features.

Inventory 52

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Blue Grace Logistics

MAY 1, 2019

If warehouses are not replenished on time, distribution will be derailed. The F stands for flexible transport, A is automation, and D is data management. Analytics: The digital supply chain is a substantial resource of hard data. The reports and trends can be used for making informed decisions. Contact us at 800.MY.SHIPPING

Inventory Reduction 48

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EazyStock

APRIL 18, 2023

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. One way to do this is with ABC/XYZ analysis. How will your team monitor changing customer behavior and market trends as demand reduces?

Supply Chain Planning Software 52

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

SYSPRO Smarter ERP

NOVEMBER 3, 2021

This is usually accomplished by using statistical sampling of all incoming materials that can produce charts to show the quality trends over time. 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. Warehousing KPIs.

Manufacturing Procurement 105

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