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. Accurate demand forecasting is critical for JIC inventory management.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

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.

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Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Log-hub

NOVEMBER 6, 2023

Therefore, optimizing stock levels directly impacts a company’s profitability, operational efficiency, minimizing costs and meeting customer demands. The Importance of Optimal Stock Levels In logistics, optimal stock designates the exact amount of inventory a business requires to fulfill routine demand without the occurrence of a stockout.

Optimization Software 52

Optimization Software Inventory Reduction Optimization Cost Reduction 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

MTS Logistics

JUNE 30, 2023

Shippers can move only the inventory they need to meet demand instead of wasting unnecessary time filling a 40-foot container. Shippers can reduce warehousing and inventory costs by using in-transit time as a means of inventory storage. Diversify the shipping portfolio.

Cost Reduction 86

Cost Reduction Inventory Reduction Waste Reduction Optimal Sourcing 86

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. EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment.

Inventory 52

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

3PL Links

FEBRUARY 14, 2024

Image source: Flickr | Logistics Planning 2024: How To Carry out Logistical Planning for This Year Have you ever given the recent evolution of logistics any thought? These modifications have brought attention to how urgent it is to take a more proactive and creative approach to guaranteeing market relevance and competitiveness.

Supply Chain Planning Software 48

Supply Chain Planning Software Scenario Planning Optimal Sourcing Sourcing Strategies 48

EazyStock

AUGUST 21, 2020

For businesses that carry non-perishable goods it’s tempting to order and carry surplus stock to help meet market demand and hit order fulfillment targets. 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?

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

EazyStock

FEBRUARY 18, 2020

The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Holding costs (otherwise known as carrying costs) are the costs to store the inventory and include the storage space, rent, deterioration, obsolescence, property tax, insurance, etc. C o = cost per order.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

EazyStock

NOVEMBER 19, 2020

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on time.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

The Logistics of Logistics

JUNE 23, 2022

Topic: Prepping for Peak: How to Level-up your CX Strategy this holiday season. Retailers and shippers must adapt their strategy to ensure they get the right product, to the right place at the right time to meet the high expectations of consumers/customers. Description: .

Webinar 195

Webinar Supply Chain Software Supply Chains Sourcing Strategies 195

SYSPRO Smarter ERP

OCTOBER 9, 2023

Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. Understanding material costing requires information about procurement activities and how long materials linger in inventory before they are used to generate revenue.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

Logistics Bureau

NOVEMBER 16, 2020

You could be particularly numerate, or into analysis. Certified in Production and Inventory Management (CPIM) : The course covers ground such as knowledge of production and inventory management, internal operations, and customer relations. And don’t be afraid to ask their advice on how to start out in the industry.

Supply Chain Planning Software 115

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

EazyStock

FEBRUARY 26, 2020

Stock Availability – A Common Inventory Management Challenge. As small- and mid-sized businesses (SMBs) try to remain competitive, many are coming up against inventory management challenges. In this three-part blog series we’re looking at three of the most common inventory management issues faced by stock holding companies.

Availability 52

Availability How To Inventory Reduction Optimization Software 52

Locus

JUNE 16, 2023

The question then is: how can companies maneuver this intricate, costly maze successfully? Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing. Read also: How to Calculate the Cost of Transport 2. It is no secret that customer expectations are really high these days.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

GlobalTranz

NOVEMBER 8, 2018

To meet demand, shippers must rapidly ramp up production and move more product, but the industry is struggling. This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. How Surface Mode Shippers Can Compete in E-Commerce Logistics.

Analysis 60

Analysis Data Supply Chain Software Optimization Software 60

Logistics at MPEPS at UPV

MARCH 31, 2019

Following an interesting course about Inventory Management, we received this phrase in a conclusion e-mail, that made me think. Indeed, there is no real solution or framework to optimize perfectly your inventory , unless you know how to predict the future and therefore I would love to meet you.

Inventory Reduction 40

Inventory Reduction Inventory Optimization Software Course 40

Ship Monk

FEBRUARY 24, 2024

In the previous example, you have the physical weight that extra travel inventory creates in your luggage that you have to lug around. When you order inventory, you want to ensure you have enough stock to meet demand, especially around sales and peak season.

eCommerce 88

eCommerce Inventory Reduction Tips Waste Reduction 88

EazyStock

NOVEMBER 6, 2020

Maintaining cost-effective inventory levels is critical for any manufacturer, wholesaler, supplier or retailer. But just how much inventory is the right amount to hold? How can you ensure you have enough to cover fluctuating demand without over-stocking? What are inventory carrying costs? Inventory service costs.

Inventory Reduction 40

Inventory Reduction Purchasing Skills Optimal Sourcing Cost Reduction 40

EazyStock

FEBRUARY 18, 2020

The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Holding costs (otherwise known as carrying costs) are the costs to store the inventory and include the storage space, rent, deterioration, obsolescence, property tax, insurance, etc. C o = cost per order.

Ordering 52

Ordering Purchasing Skills How To Inventory 52

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. 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.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. 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.

Supply Chain Planning Software 52

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

GlobalTranz

MAY 25, 2018

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity.

Inventory Reduction 50

Inventory Reduction Supply Chain Planning Software Inventory Supply Chain Software 50

GoShip Blog

APRIL 22, 2022

When demand forecasting steps into the game, it allows retailers to meet their customers’ needs. Being well-aware of the market demand, you’ll upgrade inventory management and escape stock issues. You’ll get to know your target audience better and tailor your product offers to meet its needs by demand forecasting.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chains 40

3PL Links

OCTOBER 24, 2023

Learn how to monitor your supply chain more efficiently This is a question you may have asked yourself. How can supply chain performance be improved? The solution is frequently not obvious, therefore in this post, we’ll try to make it clear how you may evaluate and boost the efficiency of your company’s supply chain.

Supply Chain Software 48

Supply Chain Software Supply Chains Optimization Software Optimal Sourcing 48

Logistics Viewpoints

JUNE 26, 2023

But how to do this was very ambiguous. Initially, Mr. Beery found the technology intriguing, but he was not sure how to leverage their solution. The algorithms generate recommendations on optimal ways to rebalance inventory based on cost and service level impacts. The analysis was not all that accurate.

Supply Chain Planning Software 125

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 125

GoShip Blog

JANUARY 26, 2021

In today’s customer-centric world, it is critical to meet and even exceed your customer expectations as a small business. How to improve your last-mile delivery? Better inventory management. Timely order fulfillment and proper inventory management play a key role in the frictionless shipping process.

Inventory Reduction 72

Inventory Reduction Supply Chain Planning Software Expense Reduction Supply Chain Software 72

Logistics Viewpoints

APRIL 3, 2023

Even if a company does a pareto analysis and addresses 80% of the exceptions, that 20% of issues unaddressed leaves a lot of money on the table. If there is not enough inventory to meet the demands of all the customers, which customers does a company prioritize? Aera Technology is showing me how mistaken I was.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 151

GoShip Blog

AUGUST 27, 2019

No matter how good is your supply chain management, if you fail to provide proper last mile shipping, you may lose customers. The majority of shoppers not only expect you to meet their requirements in terms of shipping, but to exceed them. How to nail last mile shipping? Technology.

Expense Reduction 40

Expense Reduction Inventory Reduction Cost Reduction Supply Chain Planning Software 40

Logistics Bureau

OCTOBER 10, 2022

Too much inventory in your distribution network? Inventory costs too high? These are all pervasive issues for supply chain operators worldwide—and are classic symptoms of suboptimal inventory performance. But what exactly does inventory optimisation mean, and what obstacles must first be broken down to achieve it?

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

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. So, how can one be able to plan more effectively and be resilient in their supply chain game? billion by 2022.

Procurement Analytics 62

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

3PL Links

DECEMBER 28, 2023

It is anticipated that the upcoming year will be dedicated to honing the use of these latest innovations and learning how to strategically integrate them into the operation. Major e-commerce companies, for instance, currently employ forecasts, inventory data, and big data analytics to modify the products they suggest to consumers.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Sourcing Strategies Trends 48

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. More expensive borrowing.

Supply Chain Planning Software 52

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

SYSPRO Smarter ERP

MARCH 21, 2022

Unless manufacturers change, they will find that their ability to forecast demand, and determine what to do to meet it, will be challenging. Primarily this meant increasing inventories as opposed to other strategies like nearshoring. Risk analysis is becoming an important part of SCM.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

3PL Links

FEBRUARY 19, 2024

Let’s examine how the market ended the year, the anticipated course for 2024, and the ever-more-important role that technology plays in this dynamic environment. Rapid adjustments in reaction to changes in the market or supply chain disruptions will be possible with real-time data analysis.

Sourcing Strategies 48

Sourcing Strategies Trends Inventory Reduction Logistics Network Optimization Software 48

Logistics Viewpoints

MAY 17, 2021

But the algorithms used on these ecommerce sites play a big role in how successful a brand will be in achieving sales. Understanding how to satisfy a cyber bot is devilishly tricky. The inventory that needs to be held for an e-tailer is based on the forecast. This better forecasting allows NBG to hold less inventory per sale.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Software Optimal Sourcing eCommerce 95

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. Poor forecasting brings a high risk of stockouts or excess and obsolete stock.

Supply Chain Planning Software 52

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