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

Logistics at MPEPS at UPV

MAY 20, 2023

The main objective of VSM is to identify those activities that do not generate value in the production process and in the logistics management of a product. To do this, the different flows (information, work and movement) of the different activities and stages through which a product passes are analysed.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Tools Production Waste Reduction 52

Logistics Bureau

JANUARY 11, 2021

So, for example, if a sales rep asks them, customers will say, “I want a good level of service, I want a competitive price, and I want a strong relationship with the business.”. To do that we use a technique called conjoint analysis. How to Design your Customer Service Offer. But the same applies to the products.

Logistics Network Optimization Software 68

Logistics Network Optimization Software How To Supply Chain Design Networks 68

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Investments in logistics and supply chains would potentially support wider product ranges, foster time savings and attract larger numbers of customers. You can even use comparable existing product history as a starting point to model a forecast for a new product. Managing Inventory.

Supply Chain Planning Software 105

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

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Do you want to be managing people?

Supply Chain Planning Software 115

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

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. How to Choose Inventory Management KPIs. Managing inventory is a complex business. Service level.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. Here are six inventory optimization strategies to improve inventory turnover without damaging stock availability: Know your inventory items’ position in their product life cycle.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

EazyStock

FEBRUARY 18, 2020

Let’s take a look at an example. In the example above, the EOQ determined that the warehouse would be placing orders for fidget spinners approx. But as items move through the product lifecycle and demand shifts and you are calculating EOQ for potentially thousands of SKUs, finding and maintaining EOQ becomes a much bigger challenge.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

Trinity Logistics

NOVEMBER 30, 2021

On a high level, there are two different types of companies that offer TMS products. Just like buying QuickBooks doesn’t automatically make you an accountant or purchasing Adobe Creative Suite doesn’t make you a graphic designer, purchasing a TMS outright doesn’t automatically make you an expert in how to use it.

Supply Chain Design Software 85

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EazyStock

FEBRUARY 7, 2020

Inventory Management, Business Growth & Expanding Product Portfolios. Expanding product portfolios due to business growth and as customers demand more choice. In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

FEBRUARY 1, 2021

The objective of eCommerce inventory optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. Here are ways you can optimize your inventory management practices for eCommerce competitiveness: How to Manage eCommerce Inventory.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

EazyStock

FEBRUARY 26, 2020

Growing product portfolios as businesses continue to expand and customers demand ‘more choice’. In our final post we’re looking at how businesses can ensure stock availability without investing too much capital into their inventory. ABC analysis is a simple way to segment your stock based on its value to the business.

Availability 52

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EazyStock

DECEMBER 13, 2021

For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. This will give you an additional buffer of stock, in case a delivery is late or you have an unexpected surge in sales or additional production run. These KPIs can easily be calculated in a ‘risk of stockout’ spreadsheet.

Inventory 52

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Logistics Business Magazine

OCTOBER 11, 2021

In Poland, for example, the unemployment rate was as close to zero as you can get in an advanced economy, with earnings approaching those of Western Europe. To compete in this environment, increased remuneration needs to be targeted at the best performing staff, and to be funded from savings made through improved productivity.

Production 53

Production Material Savings Modeling Software Resource Reduction 53

Logistics Viewpoints

MARCH 8, 2021

Belcorp Corporation, headquartered in Peru, manufactures cosmetics and personal care products for women in 14 nations across South and Central America. It offers fragrances, facial and body treatment products, makeup products, and personal care products. These new products generate up to 30% of the company’s revenues.

Supply Chain Design Software 152

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Trinity Logistics

JANUARY 19, 2024

Foundational Model This is where the training/learning takes place, where you’re teaching the AI how to look at things and look at input. That is one example of a public version of Generative AI. Biggest one is data analysis. Predictive Analysis A primary use case within logistics is predictive data analysis.

Supply Chain Software 114

Supply Chain Software Logistics Network Optimization Software Modeling Software Supply Chains 114

EazyStock

JANUARY 21, 2021

Dynamics Business Central has primarily been developed for the cloud and, as a SaaS product, businesses can choose to pay per user and month, making it very scalable to meet changing needs. It stores a wealth of data about every product and updates stock levels based on outgoing sales and incoming purchases. Manage non-stocked items.

Inventory 52

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

EazyStock

MARCH 3, 2022

In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items. How to implement JIC inventory management with optimum stock levels. The post How to successfully implement just-in-case inventory management appeared first on.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

Logistics Bureau

NOVEMBER 23, 2020

An example from a company that turned to Kieran for help in cutting its costs and streamlining its warehousing operations will aid in illustrating this maxim. Let’s look at an example. In our example (Company Z), the availability of A-lines is 93 percent, of B-lines is 94 percent, and of C-lines is 93 percent.

Inventory Reduction 62

Inventory Reduction Inventory Expense Reduction Supply Chain Planning Software 62

Blue Grace Logistics

JULY 27, 2021

In today’s fast-paced world, there are factors that affect the demand of a product. Approaching a demand analysis with historical data and seasonal variations is no longer competent. The drivers for growth are not simple factors like the price or quality of a product. Simple Examples of Predictive Analytics.

Procurement Analytics 62

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WorkWave

SEPTEMBER 23, 2021

Designing a successful business model requires a bit of research and analysis of your competitors. A quick online search is often the best way to get started, so you’ll have an idea of how many grocery delivery companies are operating, which areas they cover, and what types of groceries they offer.

Modeling Software 52

Modeling Software Optimization Software How To Procurement Solutions 52

EazyStock

NOVEMBER 21, 2019

An outlier is a data point that is not considered to be part of the overall pattern of demand for a product. For example, sales transactions that result from a flash clearance sale do not represent typical demand for a given period. Deciding How to Handle Outliers. A more complex option is to use statistical calculations.

Optimization Software 40

Optimization Software How To Inventory Reduction Procurement Solutions 40

EazyStock

FEBRUARY 18, 2020

Let’s take a look at an example. In the example above, the EOQ determined that the warehouse would be placing orders for fidget spinners approx. But as items move through the product lifecycle and demand shifts and you are calculating EOQ for potentially thousands of SKUs, finding and maintaining EOQ becomes a much bigger challenge.

Ordering 52

Ordering Purchasing Skills How To Inventory 52

3PL Links

DECEMBER 28, 2023

The primary logistics trends for 2024 are shown below, along with examples of how some of the industry’s top businesses are already incorporating them into their plans. Through the efficient and real-time processing of API-based interfaces, communication with customers and business partners becomes more agile and productive.

Supply Chain Planning Software 48

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Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. It also offers benefits regardless of whether you are already using energy-efficient light sources.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

GlobalTranz

JULY 28, 2021

For instance, managed transportation includes value-added logistics capabilities, including: Logistics consulting and analysis to understand current needs, costs, savings opportunities by mode, benchmarking and implementation or training of new systems.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

Logistics Viewpoints

APRIL 3, 2023

Henry Hwong, the vice president of product marketing at Aera, told me: “The supply chain is full of messiness and volatility. For example, a suggestion from the system might be to transfer 96,154 units of a stock keeping unit to a distribution center in Denver to fill a projected backorder. Allocation is a good example of this.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 150

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. Let’s start by looking at the true benefits of digital twin concepts and what they can specifically mean to bringing productivity and efficiency gains to you operation.

Optimization Software 141

Optimization Software Supply Chain Design Software Modeling Software Digital 141

3PL Insights

JULY 26, 2017

We’ve all heard of monthly boxes for men’s shaving or fragrances or other products; “beauty” boxes packed with samples of makeup you can choose to buy; boxes filled with kid’s toys, accessories and games, book clubs, and recipe of the month-style boxes, or your traditional wine and cheese type clubs. How will your objects inspire creativity

How To 58

How To Packaging Distribution Packing 58

Logistics Viewpoints

DECEMBER 12, 2023

Businesses would like to make the most of their investments in warehouse automation, but they’re not sure how to do that. Today’s warehouse environment is too complex and fast-moving to manage effectively via human cognition, as well as manual planning and analysis. billion in 2022 to $3.12 What Exactly Does a WES Do? The result?

Supply Chain Planning Software 167

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 167

Logistics Business Magazine

JANUARY 15, 2024

On display will be corresponding products and solutions which are designed to optimize the internal material flow. Examples include various reversing assistance systems, such as the AI-based Reverse Assist Camera, that alert industrial truck drivers to people in the vicinity behind them.

Modeling Software 54

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Conger

JULY 20, 2020

Chapter 4: How to Pass Your Forklift Certification Test With Flying Colors. How to Decide If the ‘Operator’s Life’ Is Right for You. Chapter 6: How to Get a Job as a Forklift Driver. Part I: How to Get a Forklift License. How to construct, transport, stack, and unstack loads. How to use a maintenance logbook.

How To 63

How To Buyer Training Training Course 63

SYSPRO Smarter ERP

OCTOBER 20, 2021

Manufacturers and distributors want to dramatically increase their efficiency, productivity and accuracy through smart technologies, data analytics and connected services. The second step will be to convert all critical business data produced going forward that requires analysis to be collected going forward.

Digital 133

Digital Factories Supply Chain Planning Software Supply Chain Software 133

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. In part two, Chuck focuses on how to draft your terms and conditions. How to Begin Your Terms. Writing your terms of use can be a monumental task for anyone. Data and Privacy.

Procurement Analytics 84

Procurement Analytics Manufacturing Procurement Procurement Document 84

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. They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. This is essential for selecting the overall product mix to maximize market share.

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. They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Product portfolio management. Promotion management.

Supply Chain Planning Software 52

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

Ship Monk

FEBRUARY 24, 2024

For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client. In the previous example, you have the physical weight that extra travel inventory creates in your luggage that you have to lug around. You never want to cut corners on these, or any, crucial areas of your ecommerce brand.

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