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 ). 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.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Logistics Viewpoints

SEPTEMBER 4, 2023

There are different tools, goals, and market dynamics. It can move quickly from a situation where there is too much capacity in the market and buyers having the whip hand, to a situation where shippers are begging carriers to take their loads at almost any price. This made the data analysis easier.

Procurement Solutions 122

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 122

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

Supply Chain Planning Software 115

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

EazyStock

AUGUST 21, 2020

However, holding too much can have a number of negative implications, such as high carrying costs , over-investment in stock and poor cash flow. What are the potential cost savings from inventory reduction? Instead, here are five strategic inventory reduction methods that are certain to drive cost savings.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

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 ). 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.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The supply chain design solution, for example, continues to grow in depth and usability. I see no evidence that less money is being invested in product development.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.”

Supply Chain Planning Software 141

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 141

AIMMS

MARCH 4, 2021

This can result in different teams using different data formats, diverging results from data analysis, and hence poorly aligned decision making. In such cases, it’s hard to align the team around a common source of truth. Let’s take the example of a large fiber manufacturer. They had no centralized purchasing process.

Supply Chain Planning Software 62

Supply Chain Planning Software Purchasing Skills Cost Reduction Optimal Sourcing 62

Blue Grace Logistics

JULY 27, 2021

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. Customer expectations and the buying capacity of the purchaser coupled with the cost of substitutes or complementary goods also play an important role.

Procurement Analytics 62

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

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. For example, they can test the effect of increasing or decreasing safety stock levels or changing the replenishment frequency of certain products. come with any of them.

Optimization Software 142

Optimization Software Supply Chain Design Software Modeling Software Digital 142

Logistics Bureau

APRIL 3, 2023

If you’re a decision-maker with accountability for your organisation’s entire supply chain, and you’re just starting to think about outsourcing, perhaps to reduce costs or improve service, this post should prove well worth the few minutes it will take you to read it. What Can You Outsource, and What Should You Outsource?

Outsourcing 87

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 87

Logistics Business Magazine

DECEMBER 16, 2021

In addition to the digitisation of industry and commerce, the effects of the Covid-19 pandemic have also emphasised the importance of supply chain management and sourcing. His analysis is based on conversations and data from Setlog customers who use the SCM tool OSCA, e.g. more than 100 brands in the fashion industry alone.

Supply Chain Planning Software 50

Supply Chain Planning Software Supply Chain Software Modeling Software Optimization Software 50

Material Handling and Logistics

JANUARY 22, 2019

The companies that disclosed to CDP in 2018 did so at the request of over 650 investors with assets of $87 trillion, and/or 115 major purchasing organizations with a combined spend of US$3.3 million (US$3.6 million (US$3.6 Printer-friendly version.

Material Savings 107

Material Savings Manufacturing Procurement Purchasing Skills Cost Reduction 107

GoShip Blog

FEBRUARY 7, 2023

Adopting a solid marketing strategy is imperative for the following reasons: It informs product development and pricing: An effective marketing strategy informs your product development process as it helps you decipher the specific needs of your target audience and the most suitable solutions to these needs.

Waste Reduction 52

Waste Reduction Price Reduction Resource Reduction Expense Reduction 52

Trinity Logistics

OCTOBER 31, 2021

While a TMS might seem daunting and expensive, it’s become an essential tool for businesses to be successful. For one example, a TMS can analyze many batch shipments based on various sophisticated parameters and can determine the most cost-effective route plan for your shipment. at No Extra Cost??. A Trinity, we?understand?

Optimization Software 96

Optimization Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 96

GlobalTranz

JUNE 11, 2015

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System. Today, 97.5%

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Examples Case Study 94

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Organizations are introducing software to drive efficiency right across their operations – from financial analysis to marketing automation. How Inventory Optimization Software Works.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

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 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. Perfect order results can help you assess performance and diagnose issues impacting service, costs, and overall supply chain effectiveness. Calculating the Perfect Order.

Supply Chain Design Software 96

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

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. Promotion management If you have upcoming promotions, price changes or other internal data that could impact demand, ensure you get this from sales and marketing teams.

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. If you have upcoming promotions, price changes or other internal data that could impact demand, ensure you get this from sales and marketing teams. Promotion management.

Supply Chain Planning Software 52

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

Trinity Logistics

NOVEMBER 30, 2021

Particularly, sourcing your TMS through a 3PL provider can have some major benefits, especially for small- to medium-sized businesses. And if you’re looking to purchase software outright versus outsourcing with a 3PL, you’ll soon realize that not all transportation management software companies offer the same thing. TRANSPLACE.

Supply Chain Design Software 85

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 85

Logistics Business Magazine

FEBRUARY 23, 2024

Fahy advises logisticians to tackle ‘polycrises’ by multi-sourcing, embracing technology and strong cybersecurity. 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. We’re not back to just-in-time yet, after the pandemic. Machine help?

Logistics Network Optimization Software 50

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 50

SYSPRO Smarter ERP

JULY 4, 2022

One of the main technology disruptors is cloud infrastructure and supporting tools. These would help them to address the pressures to deliver high-quality parts efficiently and cost-effectively, on schedule, and with more customization. AI goes to the next level by helping with the analysis of that data.

Optimization Software 111

Optimization Software ERP Supply Chain Software Manufacturing Procurement 111

Ship Monk

MARCH 28, 2023

Not only that, nowadays slow shipping can annoy your current customers, deter returning customers, and cost you new customers. For example, your shipping cost could be $5 for orders within 50 miles of your warehouse or fulfillment center , $10 within 100 miles, and so on. Free 2-day shipping is like the syrup on top of pancakes.

Cost Reduction 52

Cost Reduction Inventory Reduction eCommerce Expense Reduction 52

Logistics Bureau

AUGUST 7, 2023

Inventory Availability and Cost: Striking a Balance It’s rarely a good idea to think too lean in ecommerce inventory management. The challenge, then, is to strike a balance between sufficient inventory levels to ensure availability and costs that won’t threaten the future of your enterprise. Book a free consultation.

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89

FreightWaves SONAR

MARCH 15, 2021

Read on to learn what is SONAR SCI’s Lane Acuity Plus, what it tells subscribers who have purchased SONAR SCI, and how the application aids freight market participants by gaining deeper lane by lane insights around freight shipping. . Paying below-market rates in highly volatile lanes could lead to additional costs. .

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Conger

JULY 22, 2021

For example, these systems can handle tasks ranging from: Receiving goods. For example, a Shopify storefront is an eCommerce platform. A Shopify storefront is an example of an eCommerce platform. Take our Shopify example again. And this can help reduce errors and cut costs in the process. Reduced Costs.

Supply Chain Design Software 52

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

EazyStock

OCTOBER 20, 2020

The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. ABC analysis, will help with this.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

3PL Links

APRIL 13, 2023

5 Ways to Manage Lean Logistics Effectively | Image source: Unsplash The application of lean management ideas to supply chain performance is known as lean logistics. While logistics costs in industry range from 5 to 15% of turnover, they can potentially approach 15 to even 25% of turnover in retail. What is Lean Logistics?

Waste Reduction 62

Waste Reduction Inventory Reduction Expense Reduction Resource Reduction 62

Parade

JUNE 24, 2019

In a recent article, Peter Rentschler, CEO at CarrierDirect, discussed why freight brokerages should focus on better utilizing their existing Transport Management System (TMS) to increase operational efficiency, rather than investing in upgrading their systems or purchasing something new. QuickBooks) Project management software (e.g.,

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Procurement Solutions Logistics Network Optimization Software Freight 60

Parade

JUNE 24, 2019

In a recent article, Peter Rentschler, CEO at CarrierDirect, discussed why freight brokerages should focus on better utilizing their existing Transport Management System (TMS) to increase operational efficiency, rather than investing in upgrading their systems or purchasing something new. QuickBooks) Project management software (e.g.,

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Procurement Solutions Logistics Network Optimization Software Freight 60

Parade

JUNE 24, 2019

Technology can be a powerful tool to grow your freight brokerage business and introduce incredible efficiencies to your operations. You can build integrations with any other tool. To assist you, you should purchase the most affordable Transport Management System (TMS) that only builds rate confirmations to move loads.

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Procurement Solutions Logistics Network Optimization Software Freight 60

Chronicled

APRIL 2, 2020

This solution is aimed at resolving chargeback disputes and streamlining pricing and service to hospitals, pharmacies and other medication dispensers. is being lost to leakage like incorrect pricing, duplicate chargebacks, omissions and mistakes. The sale and revenue realization of prescription medicine in this country is complicated.

Procurement Solutions 52

Procurement Solutions Price Reduction Networks Manufacturing Procurement 52

EazyStock

DECEMBER 17, 2019

Green supply chain management practices can be included in every link of the supply chain from material sourcing and selection, product design, manufacturing processes, product delivery, and even product disposal after the product’s useful life. For example, governments are opening access to export tools and guidance.

Supply Chain Software 81

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 81

Logistics Business Magazine

AUGUST 11, 2020

Many inventory planners are still reliant on basic stock management tools to carry out their challenging roles. Whilst probabilistic formulas are not easy to utilise manually, there are a number of inventory optimisation tools available that simply plug into ERP systems.

Inventory Reduction 67

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 67

Ship Monk

JANUARY 30, 2023

Example—In the case of a lost or undeliverable package, a customer-first ecommerce merchant can step up to the plate immediately by contacting the shipping carrier to determine the cause of the problem and sharing this information with buyers so they know when to expect delivery or reshipment.

eCommerce 52

eCommerce Supply Chain Planning Software Inventory Reduction Supply Chain Software 52