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

EazyStock

OCTOBER 20, 2020

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. For example, you should consider setting different service levels, safety stock levels and reordering parameters for each category. Know your star products!

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

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 68

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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

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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

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EazyStock

FEBRUARY 1, 2021

For example: With such different demand patterns, it doesn’t make sense to treat every product the same. In each case the future demand forecasting, replenishment and safety stock calculations need to be treated differently. Accurate eCommerce inventory replenishment. You can then define their corresponding service levels.

Inventory Reduction 52

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EazyStock

AUGUST 21, 2020

While these stats will vary to some degree, this is the theory behind ABC inventory analysis – a model that can be used to categorize your stock. Using ABC analysis, you can classify your inventory items into three groups based on their value to the business. For most companies 80% of their revenue comes from 20% of their stock.

Inventory Reduction 52

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EazyStock

JULY 13, 2020

You can then prioritize these items over others; for example, checking demand, stock levels and reviewing lead times more frequently to help ensure availability at all times. However, with an inventory optimisation tool like EazyStock, this becomes a straightforward task. However, ABC analysis is quickly out-of-date.

Supply Chain Planning Software 52

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EazyStock

MARCH 26, 2018

In Microsoft Dynamics NAV for example, you can set values for reorder points and safety stock levels. The software includes advanced algorithms for trends, seasonality, dynamic safety stock calculations and more, and we invest heavily in R&D to make sure our tool is the most powerful on the market. Automated alerts.

ERP 72

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EazyStock

JANUARY 21, 2021

EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment. Signs that you need a more advanced tool for inventory management: Here are eight signs that you need to improve Microsoft Dynamics 365’s inventory management capabilities: Inaccurate demand forecasts.

Inventory 52

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EazyStock

FEBRUARY 7, 2020

Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume.

Inventory Reduction 52

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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. For example, you can be doing finance in supply chain, or you can be doing operations. You could be particularly numerate, or into analysis. Sea Change—A Supply Chain Career is now seen as ‘Cool’.

Supply Chain Planning Software 115

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EazyStock

NOVEMBER 21, 2019

For example, sales transactions that result from a flash clearance sale do not represent typical demand for a given period. In the example above, the orange line going forward reflects this decision. However, it’s possible to use software to carry out the analysis for you. Deciding How to Handle Outliers.

Optimization Software 40

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Logistics Bureau

JANUARY 18, 2021

One-way flow is a really good principle to apply during the design process because it allows you to plan your picking path through the warehouse as well as your replenishment paths. Business benchmarking is seen as one of the smartest management tools around. 6) Benchmarking. 8) Know Your Data.

Supply Chain Design Software 118

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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. Introducing ABC analysis to categorize your stock would help identify these so you can prioritize your time. These KPIs can easily be calculated in a ‘risk of stockout’ spreadsheet.

Inventory 52

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EazyStock

NOVEMBER 17, 2020

This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities. To remain competitive they know they need the tools to ensure the right stock is in the right place at the right time. Automated replenishment is critical to ERP inventory management.

ERP 98

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Freightos

MARCH 3, 2015

So when I asked Cathy Roberson, a senior analyst at Transport Intelligence and a tech-enthusiast who is vox supplychainus on Twitter at cmroberson06 , I was not surprised when she sent me back an analysis that seems to match up perfectly with some of Google’s recent projects: Google Glasses, Android and 3D printing.

Supply Chain Software 78

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247 Customs Broker

APRIL 6, 2018

Sure, every facility has plans, like min/max levels for SKUs, replenishment schedules and maybe even some local labor planning to assess if a distribution center can meet a peak season rush. S&OP spans horizons. Assess scenarios. This whole siloed approach between planning and execution is collapsing,” Shaikh says. “We

Supply Chain Planning Software 28

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Logistics Bureau

DECEMBER 19, 2022

Slotting a warehouse product is the same, for example, as placing your umbrella close to your front door at home, so it’s easy to pick it up and run when it’s raining, and you’re late for work. Slotting Increases Replenishment Efficiency. Productivity improvements in picking, replenishment, and put-away.

Production 92

Production Inventory Reduction Cost Reduction Resource Reduction 92

Logistics Viewpoints

JANUARY 23, 2024

Kinaxis is focusing on the QSR industry first, looking at replenishment for both food and the necessary durable goods. The example they gave me was to understand the yield for a burger with pickles at a QSR. If only 70 percent of burger orders use pickles, this changes the replenishment model for both items.

Supply Chain Planning Software 125

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Logistics Viewpoints

MARCH 4, 2021

Ensure that, somewhere along the way, data diagnostic tools will be used to check for missing and inconsistent data automatically. . Replenishing stores to meet availability targets or adjusting prices to keep a certain competitive position in the market are just some examples.

Supply Chain Planning Software 157

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 157

EazyStock

JULY 19, 2019

Replenishment. For example, when the product is first introduced to the market it will not have any historical demand at all. Finally, campaigns and promotions are great tools for marketers but can be a headache for planners and purchasers. ABC analysis & The Pareto Rule for inventory management. Replenishment.

Optimal Sourcing 55

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Conger

MAY 24, 2023

KNAPP’s range of automation solutions includes bots, pocket sorters, shuttles, WMS, AMRs, AVGs, WCS, analytics tools, and more. For example, relatively simple automation solutions like automated guided vehicles (AGVs) can cost $50,000 or more. Identify and select the right warehouse automation technology for your needs.

Supply Chain Software 40

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EazyStock

APRIL 13, 2022

This will provide maximum analysis and understanding of your current setup and support sales and operations planning. For example, having more accurate demand forecasting, warehouse automation, diversifying your supplier network or bringing new technologies on board to give you real-time data. Purchasing. Inventory optimization.

Inventory Reduction 52

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Blue Grace Logistics

JUNE 21, 2018

Transportation Management Workflow may be defined as a supply chain workflow that connects and links the various parties involved along the chain from, for example, the seller’s warehouse to the buyer’s warehouse. One needs to do extensive and thorough data analysis of all current costs within the transportation and logistics silos.

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Stord

APRIL 4, 2022

Integrated Order Management and Inventory Planning “Proper demand planning beyond replenishment plans. There are few tools in the industry that can also utilize what-if analysis to plan for segments of the year - such as seasonality, peaks/valleys based on marketing campaigns, or regional opportunity planning.

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Conger

DECEMBER 13, 2022

This allows warehouse operators to have real-time visibility into stock availability and replenishment requirements using sensors, barcoding, RFID tagging, or other tracking methods. For example, heavy products are placed in the bottom bins while light products are at the top. Enterprise resource planning (ERP) systems.

Supply Chain Design Software 52

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Blue Grace Logistics

MAY 1, 2019

For example, the shortage of raw material at the factory will affect production. If warehouses are not replenished on time, distribution will be derailed. Another example in the article shows how it delighted customers with quick delivery and shipment tracking. Integration: We cannot stress this enough. Contact us at 800.MY.SHIPPING

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Automotive Logistics

JANUARY 18, 2019

Regardless of which one is chosen, they’re both visual systems that will replenish inventory, reduce waste and improve the environment.” . For example, conventional labels must be scanned by operators with barcode readers, which can be an unreliable process thanks to such factors as dirty labels, mixed boxes and high-volume operations.

Supply Chain Design Software 28

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GlobalTranz

DECEMBER 8, 2015

First Things First, Do You have all The Tools To Set You Up for DC Or Warehouse Slotting? All we’re doing here, in the kitchen example, is making sure those things we use the most frequently are the most easily accessible in the warehouse or DC. But smaller slots require more frequent replenishment.

Efficiency 57

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247 Customs Broker

APRIL 5, 2018

Gilmore Says… In a great example of the balance in this book, Sheffi notes the actual evidence of consumer preference for Green products is tenuous at best. In fact, after reading Sheffi’s examples, I’m surprised more companies haven’t been forced to be zealous advocates.

Supply Chain Planning Software 28

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247 Customs Broker

APRIL 19, 2018

An off-cited analysis from McKinsey in late 2017, for example, found automation could destroy as many as 73 million US jobs by 2030, about one third of all jobs in the country. For example, in a story I remembered that we ran in 2014, a company called Parkdale Mills had recently re-opened a factory near Gaffney, SC that now produces 2.5

Supply Chain Planning Software 28

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Infosys Supply Chain Management

SEPTEMBER 22, 2011

Information sharing can be most effective and least disruptive for all concerned when done by implementing the available technological tools, which would accomplish the process in a controlled and secured way thereby streamlining the global supply chain operations. The gains achieved were two-fold.

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Automotive Logistics

JUNE 28, 2018

As far as the automotive logistics sector is concerned, Roberson believes one of the greatest benefits of the Cargonexx platform, alongside the operational efficiencies, will be better management of shipping costs, “particularly in managing spare parts logistics programmes and just-in-time inventory replenishment”. “AI

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