EazyStock

OCTOBER 20, 2020

It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. 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. Know your star products!

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

FreightWaves SONAR

DECEMBER 14, 2020

According to John Schulz of Logistics Management , “ experts’ advice for shippers to try and mitigate those rates is to drive efficiency for carriers by reducing waiting times at terminals, offering ‘driver friendly’ freight and trying to save minutes off drivers’ ever-valuable on-duty time during their runs. ” Instantaneous analysis.

Freight 64

Freight Supply Chain Software Logistics Network Optimization Software White Paper 64

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

EazyStock

JULY 13, 2020

However, no business wants to do this at the expense of and failing to fulfill customer orders. However, with an inventory optimisation tool like EazyStock, this becomes a straightforward task. However, ABC analysis is quickly out-of-date. Here’s a number of ways you can do that using inventory optimization: Forecasting Demand.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

Conger

JULY 22, 2021

And this can help reduce errors and cut costs in the process. Reduced Costs. A robust eCommerce WMS reduces the overall costs of operations. You may have heard that expensive warehouse management systems produce the best results. And that will compound errors and reduce efficiency. Let’s check them out.

Supply Chain Design Software 52

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

EazyStock

FEBRUARY 7, 2020

While both are positive strategic moves, operationally, they can lead to a wealth of internal inventory management problems: Difficulties managing a wide range of SKUs efficiently – spreadsheets won’t cut it! Growing companies particularly struggle with finding enough shelf space to carry their expanding inventory.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Ship Monk

DECEMBER 15, 2023

Perhaps this will be the year to invest in more powerful data analytics tools. It can be very difficult (and expensive) to stand out in all the noise leading up to BFCM, so it’s important to understand what worked and what didn’t. Only then can you establish ideal pricing strategies and discounts. Did you run out of inventory?

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

Log-hub

DECEMBER 8, 2023

As per the ATRI data, the overall marginal expenses for trucking marked a significant of 21% increase in the year 2023. To jump straight to the point, some basic strategies for handling rising transportation costs, which we’ll cover in this Playbook, are related to optimal network design and route optimization.

Cost Reduction 52

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Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. Of course, the more data you need and the more sophisticated your methods are, the more expensive demand forecasting becomes. The amount of data available usually depends on the maturity of the product.

eCommerce 84

eCommerce Inventory Reduction Operations Modeling Software 84

FreightWaves SONAR

DECEMBER 30, 2020

This remains key to the overall success of investments within supply chain analysis. And pre-emptive strategies that help isolate and address real-time problems will inevitably rely on real-time freight data and easy-to-access systems. Request a SONAR Demo. Use off-the-shelf solutions, including freight management analytics.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

FreightWaves SONAR

DECEMBER 17, 2020

Thus, it’s imperative for advanced shippers, brokers and carriers to start using predictive analytics to strengthen ROI of new tools and resources. If a single load results in an added expense of $30 due to a weather delay, it may not seem like much. Request a SONAR Demo. The value of foresight is undisputed.

Supply Chain Software 52

Supply Chain Software Supply Chains Waste Reduction Expense Reduction 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. With a sophisticated e-sourcing tool, expressive bidding projects can be easily created and evaluated automatically. This eliminates the need to price in a hedge against low allotments.

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Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48

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. Request a SONAR Demo.

Supply Chain Software 59

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