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SONAR Indices & Insights: Improve Freight Shipping Procurement with SONAR SCI’s Lane Acuity Plus

FreightWaves SONAR

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

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Inventory Replenishment Strategies that Increase Profits

EazyStock

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Smart inventory purchasing. Both can be very costly.

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The fundamentals of demand planning and forecasting

EazyStock

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. 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. What is demand planning?

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The fundamentals of demand planning and forecasting

EazyStock

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. 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. What is demand planning?

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How do rising interest rates and inflation affect global supply chains?

EazyStock

When demand fluctuates, and costs rise, it can be tempting to throw out long-term strategies to react to these changes. Higher interest rates make borrowing money more costly, making financing day-to-day operations such as inventory procurement, transportation and storage more expensive. One way to do this is with ABC/XYZ analysis.

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6 Inventory Control Techniques for Stock Optimization

EazyStock

ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company. For more complex inventory classification, use inventory optimization software , which carries out multi-dimensional item categorization. ABC analysis, will help with this. Know your star products!

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Big data and inventory management

EazyStock

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. Advanced software systems can make this easier and bring significant benefits to your business. What is big data?