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 ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

FreightWaves SONAR

DECEMBER 3, 2020

Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Tracking shipment status is a core function of advanced shipping analytics tools. Download the White Paper.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 76

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits. Manufacturers can use forecasting to support inventory optimization. Managing Inventory. labor, materials and warehousing, to IT, freight and safety.

Supply Chain Planning Software 105

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

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 ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

Logistics at MPEPS at UPV

MAY 20, 2023

Value Stream Mapping (VSM) is one of the fundamental tools of the Lean Manufacturing methodology. In this post I will explain the importance of this tool and the basic steps to elaborate a VSM by yourselves. It uses standard symbols to represent activities, inventories, lead times and information flows.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Tools Production Waste Reduction 52

Logistics Viewpoints

APRIL 10, 2024

For example, a robust supply chain may have backup power generators, firewalls, security systems, and emergency plans to prevent or mitigate the effects of disruptions. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.

Supply Chain Planning Software 150

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

Logistics Business Magazine

AUGUST 11, 2020

According to EazyStock, one area where big gains can be made is around inventory management. Many inventory planners are still reliant on basic stock management tools to carry out their challenging roles. Manual inventory management is labour intensive and can often lead to stock imbalances.

Inventory Reduction 68

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 68

Logistics Viewpoints

APRIL 4, 2024

During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. Another example of data normalization is accounting for lost sales due to stockouts or waste of perishable products due to overstocking of inventory. Wouldn’t it be cool to know within minutes?

Scenario Planning 137

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 137

EazyStock

AUGUST 21, 2020

So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? Carrying lower volumes of excess inventory in your supply chain can lead to lower carrying costs, such as reduced storage costs and inventory service costs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

EazyStock

JULY 13, 2020

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. In this post we focus on inventory planning and how to optimize stock levels despite erratic customer behavior and supply restrictions. Investing in the Right Inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. A critical area of focus should be your eCommerce inventory management processes. Here’s how eCommerce businesses can improve their inventory management. Improving your eCommerce Inventory Management. Forecasting eCommerce inventory demand. Want to know how?

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

EazyStock

DECEMBER 13, 2021

Many inventory management teams are looking for ways to avoid stockouts, as they can cause problems across the entire organization. However, there are steps you can take to improve your inventory management processes and be better prepared to prevent regular stock availability crises in your business.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Logistics at MPEPS at UPV

MARCH 31, 2019

“Managers tend to overcomplicate the process and the tools, but most of the time the real benefits lay on simplifying the process and getting accurate data about the stock.”. Following an interesting course about Inventory Management, we received this phrase in a conclusion e-mail, that made me think.

Inventory Reduction 40

Inventory Reduction Inventory Optimization Software Course 40

EazyStock

JANUARY 21, 2021

EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment. In this post we’re going to review Dynamics Business Central’s inventory management capabilities and discuss what additional features and benefits EazyStock can offer. Manage non-stocked items.

Inventory 52

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

EazyStock

FEBRUARY 7, 2020

Inventory Management, Business Growth & Expanding Product Portfolios. At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. In this three-part blog series we’re looking at each of these inventory management problems.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

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. In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. come with any of them.

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Optimization Software Supply Chain Design Software Modeling Software Digital 142

EazyStock

MARCH 26, 2018

?. One of the most common questions we receive is “We already have an ERP inventory module. Through better inventory management, we’ve been able to support our stock management and procurement processes much better, which has even resulted in higher profits! Inventory Management and forecasting in your ERP.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

Ship Monk

APRIL 5, 2024

To engage in SRM, you’ll need SIM and SPM: an SIM (supplier information management) tool centralizes basic contact and purchasing data for all of your suppliers; an SPM (supplier performance management) tool measures how well each supplier is performing against the terms of the contract. SRM is more than a one-and-done analysis.

Negotiate Pricing 82

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 82

Logistics Business Magazine

SEPTEMBER 27, 2023

Zebra Technologies Corporation today released the findings of its 2023 Global Warehousing Study, which confirmed 58% of warehouse decision-makers plan to deploy radio frequency identification (RFID) technology by 2028 which will help increase inventory visibility and reduce out-of-stocks.

Supply Chain Planning Software 61

Supply Chain Planning Software RFID Supply Chain Software Inventory Reduction 61

Logistics Viewpoints

FEBRUARY 16, 2021

According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. This example illustrates why supply chain visibility isn’t enough. Scenario analysis allows you to weigh alternatives by calculating the effects of possible changes.

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Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 170

Logistics Viewpoints

FEBRUARY 26, 2024

For example, when a UPS strike was looming last year, the Interos solution automatically highlighted Cooper’s strategic suppliers that relied on UPS for shipping. Agility and Resilience Dr. Runkle gave a few examples of the varied ways in which they use the solution to improve their operations. Then the risk solution fills in the gaps.

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Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 149

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. They will aim to have enough stock to avoid stockouts, but not so much that they end up with obsolete stock or high inventory values. Why is demand planning important?

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. They will aim to have enough stock to avoid stockouts, but not so much that they end up with obsolete stock or high inventory values. Why is demand planning important?

Supply Chain Planning Software 52

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

SYSPRO Smarter ERP

MARCH 28, 2024

You don’t want data that could create analysis paralysis. It’s also about using the right tools, platforms, and skills to unlock maximum value. But even with the right skills, without the tools they will not be able to unlock value. The work to get this has to be collaborative. The volume and quality of data is important.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 52

MTS Logistics

DECEMBER 20, 2023

Elastic logistics is becoming a shining example of efficiency and cost savings due to its capacity to dynamically react to changing demand by expanding or reducing operations. Using real-time data, businesses may optimize their inventory levels, cutting lead times and improving their overall capacity to adjust to changing market trends.

Supply Chain Software 83

Supply Chain Software Supply Chains Inventory Reduction Cost Reduction 83

Logistics Bureau

OCTOBER 20, 2021

“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. As an example of how illuminating the perfect order KPI can be, let’s look briefly at damage-free delivery as an example. x 0.96 = 0.8661.

Supply Chain Design Software 96

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

GoShip Blog

FEBRUARY 20, 2023

3PL or third-party logistics provides services such as inventory storage, inventory management, freight forwarding, contract management, picking and packing, and IT solutions. For example, you sell silk-printed shirts. For instance, if you are expecting a slow sales month, you don’t need to risk paying for extra inventory space.

4PL 52

4PL 3PL Supply Chain Software Supply Chain Design Software 52

Blue Grace Logistics

JULY 27, 2021

Approaching a demand analysis with historical data and seasonal variations is no longer competent. Brand identity, interactive marketing campaigns and differential lifestyles complicate a perfect trend analysis model. Combining regular data analysis with human touch and giving context to these results will create meaningful decisions.

Procurement Analytics 62

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

SYSPRO Smarter ERP

JUNE 21, 2022

There are many causes, for example, container ships from Asia are now too large to traverse the Panama Canal (20 years ago they were not), so they offload on the West Coast of the United States and are compelled to truck all goods to the East Coast. The analysis is mostly on point; however, the blame does not lie with Lean.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 105

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. Let’s take the example of a large fiber manufacturer. Operating units used their own demand forecast; they had no centralized approach and saw frequent inventory violations.

Supply Chain Planning Software 127

Supply Chain Planning Software Purchasing Skills Cost Reduction Optimal Sourcing 127

Conger

APRIL 1, 2024

Examples include cleaning and lubricating the moving parts or replacing parts before they wear out. Predictive Maintenance Predictive maintenance takes things further using data analysis tools and techniques like vibration analysis and thermal imaging.

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

Turvo

JANUARY 26, 2021

Supply chain data analytics can interconnect many different focus points and minimize risks by giving managers tools and insight into past trends, so they do not try to make choices for the future blindly. It provides the trends and data that can help them make informed choices about preparing for the coming quarter and the season.

Supply Chain Design Software 73

Supply Chain Design Software Supply Chain Software Optimization Software Supply Chain Design 73

GlobalTranz

APRIL 20, 2021

To build supply chain resiliency, leaders should consider these factors: Buffer inventory and shift away from JIT.? The coronavirus disruptions highlighted the stressed nature of lean and just-in-time inventories. Those factories with essentially zero inventory of critical components were forced to close or drastically scale back.

Supply Chain Planning Software 115

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

Logistics Business Magazine

FEBRUARY 23, 2024

Neovia use Dexory to create a ‘digital twin’ of each warehouse, providing visualization and interpretation of inventory stock. For example, the Dexory View dashboard enables pick face analysis of volumes. Apple’s Vision Pro is tipped by Fahy to become a handy tool. Machine help?

Logistics Network Optimization Software 53

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 53

EazyStock

JANUARY 6, 2023

ABC/XYZ analysis can help identify the most valuable items to your business. Getting the basics right Improving forecast accuracy Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios. Some companies are setting up bilateral supply chains.

Supply Chain Planning Software 52

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

EazyStock

JANUARY 6, 2023

ABC/XYZ analysis can help identify the most valuable items to your business. Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios. Connecting the different tools to your ERP system allows you to access more information at various supply chain stages.

Supply Chain Planning Software 52

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