EazyStock

MARCH 4, 2021

Most items in the growth stage will experience an upward demand trend. Secondly, you should identify items with seasonal demand patterns and market trends and again fine-tune the forecast. A basic form of inventory categorization is ABC analysis. With ABC analysis, you group products based on one dimension: value.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers.

Supply Chain Planning Software 59

Supply Chain Planning Software Procurement Solutions Optimal Sourcing Procurement 59

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. However, it is now common in everyday life.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 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. 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

Talking Logistics

SEPTEMBER 4, 2018

Is there a common trend in inventory management? Hence following so-called industry trends may not always yield targeted results. Example A: Fashion Retailer – Business Strategy is short life cycle products. Example A: Fashion Retailer – Business Strategy is short life cycle products. Replenishment. Sales Strategy.

Inventory Reduction 71

Inventory Reduction Inventory Logistics Network Optimization Software Cost Reduction 71

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

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

Logistics Business Magazine

AUGUST 11, 2020

Forecasting and replenishment formulas that use historic consumption or average stock days are only effective when demand and lead times remain static and the only way for the user to consider any variance is to continually update their calculations.

Inventory Reduction 68

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 68

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. We need to try to penetrate that. This is pretty useless information, to be honest.

Logistics Network Optimization Software 68

Logistics Network Optimization Software How To Supply Chain Design Networks 68

EazyStock

FEBRUARY 7, 2020

A build-up of excess inventory and obsolete stock as social trends and technologies quickly change and forecasting models fail to keep up. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. Increased operational costs and a lack of warehouse space.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

SYSPRO Smarter ERP

NOVEMBER 3, 2021

This is usually accomplished by using statistical sampling of all incoming materials that can produce charts to show the quality trends over time. They are part of the quality management process and require an analysis of the top factors that drive returns to determine where interventions are required in the process. Warehousing KPIs.

Manufacturing Procurement 105

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

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

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

ERP Inventory Reduction Inventory Optimal Sourcing 72

EazyStock

APRIL 18, 2023

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. For example, warehouse costs, insurance and financing. One way to do this is with ABC/XYZ analysis. Higher costs of storage. How will higher prices impact customer demand?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

EazyStock

JANUARY 21, 2021

EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment. For starters there are many aspects to forecasting including seasonality, trends, adding promotional activity and allowing for forecasting error. Microsoft Dynamics 365 Inventory Management Features.

Inventory 52

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

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

Supply Chain Software Supply Chains White Paper Logistics Network Optimization Software 78

EazyStock

NOVEMBER 17, 2020

This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities. Can you recognize the warning signs that your business needs automated inventory planning and replenishment ? Trends: Many items will experience demand trends.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

EazyStock

MARCH 3, 2022

Other factors to consider that will affect demand accuracy include: Demand trends – product demand will change due to fashions, technological changes, and social, economic and legal factors. Using ABC analysis will help you categorize your stock items and assign different stocking policies to each group.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

Logistics Bureau

OCTOBER 10, 2022

For example, you can optimise for cost, profit, or service, but not for all of them. The second is when you implement segmentation of the SKUs in your portfolio based on Pareto analysis. For example, inaccurate forecasts typically lead to: Overstocking — a problem that ties up working capital and can lead to inventory obsolescence.

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

Infosys Supply Chain Management

FEBRUARY 8, 2012

Discuss the latest trends and solutions across the supply chain management landscape. They expand into an analysis of revenue-accruing & cost-optimizing functions, and result in the identification of capabilities that the organization aspires to develop or enhance. Social Media in Supply Chain.the new trend! Recent Posts.

Supply Chain Planning Software 34

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Supply Chains 34

Logistics Bureau

JULY 18, 2022

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. Step 2: Gap Analysis – Customer Requirements and Supply Chain Trends. Naturally, the first part of this task will be to research and clarify those key trends. It may do, but how do you know?

Inventory Reduction 106

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 106

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

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 125

Logistics Viewpoints

MARCH 4, 2021

Examples of building intelligence in your processes: Automating product segmentation based on multiple dimensions including revenue, demand variability, supplier lead-times to manage different service level targets. Understanding the impact of external trends on your sales performance. Having dynamic safety-stock calculations.

Supply Chain Planning Software 157

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

EazyStock

JULY 19, 2019

The world is going through several revolutions simultaneously; digitalization, globalization and security threats are just a few of the macro trends that affect companies and supply chains worldwide. Replenishment. For example, when the product is first introduced to the market it will not have any historical demand at all.

Optimal Sourcing 55

Optimal Sourcing Optimization Software Inventory Optimization 55

Conger

MAY 24, 2023

The growth is due to several trends in consumer demand within eCommerce, retailing, and 3PL logistics. For example, relatively simple automation solutions like automated guided vehicles (AGVs) can cost $50,000 or more. According to industry reports , the worldwide market for warehouse automation expanded from $17.32 billion in 2023.

Supply Chain Software 40

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Automation 40

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 Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

EazyStock

AUGUST 9, 2022

Some also produce picking lists and dispatch notes, and offer support with replenishment calculations. Inventory optimization software identifies demand types for each stock item and considers seasonality, trends, promotions, and new products when forecasting demand. Enterprise resource planning (ERP) software.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52

247 Customs Broker

MARCH 9, 2018

For example, unlike truckload (TL), there are few new entrants in LTL because of the steep initial economic outlay to replicate most carriers’ complex hub-and-spoke, brick-and-mortar terminal networks. Read: Industry Experts Discuss Technology Trends & Solutions for Efficient Ecommerce Logistics. Drivers, drivers, drivers….

Supply Chain Software 28

Supply Chain Software Supply Chains Negotiating Skills Price Reduction 28

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. The reports and trends can be used for making informed decisions.

Inventory Reduction 48

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 48

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

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 28

Infosys Supply Chain Management

SEPTEMBER 22, 2011

Discuss the latest trends and solutions across the supply chain management landscape. By exchanging information such as inventory levels, forecasting data, and sales trends, companies can reduce cycle times, fulfill orders more quickly, cut out millions of dollars in excess inventory, and improve forecast accuracy and customer service.

Supply Chain Planning Software 27

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 27

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

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Supply Chain Design 28

Automotive Logistics

JUNE 28, 2018

Cathy Morrow Roberson, senior analyst at the Georgia, US-based research and consulting company Logistics Trends & Insights, suggests that the Cargonexx platform could be very useful in planning routes and managing capacity in a more cost-effective manner. AI and predictive analysis also have great capabilities for forecasting,” she adds.

Supply Chain Planning Software 42

Supply Chain Planning Software Modeling Software Optimization Software Logistics Network Optimization Software 42

Automotive Logistics

MARCH 20, 2018

They were therefore not included in the analysis. On the point about using 100% of the data available for a network optimisation analysis, Tripp said no OEM in the US even had a 20% share of the total available data. “It Railroads conducting their own location analysis often exclude potential customer savings, he suggested.

Supply Chain Planning Software 37

Supply Chain Planning Software Supply Chain Design Software Material Savings Logistics Network Optimization Software 37

Automotive Logistics

MARCH 20, 2018

They were therefore not included in the analysis. On the point about using 100% of the data available for a network optimisation analysis, Tripp said no OEM in the US even had a 20% share of the total available data. “It Railroads conducting their own location analysis often exclude potential customer savings, he suggested.

Supply Chain Planning Software 31

Supply Chain Planning Software Supply Chain Design Software Material Savings Logistics Network Optimization Software 31

Material Handling and Logistics

OCTOBER 26, 2018

NOTE: Ron Giuntini also participated in the roundtable, but his contribution on the servitization trend will appear in a separate article. . For example, the NIST demonstration shows an assembly operation. TOMPKINS: Sellers today find e-commerce inventory allocation and replenishment to be challenging. Blockchain.

Supply Chain Design Software 89

Supply Chain Design Software Supply Chain Software Inventory Reduction Supply Chain Planning Software 89