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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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? Read also: How to Make Reverse Packaging Logistics More Efficient? How to carry out logistical planning for 2024? Why is logistical planning necessary?

Supply Chain Planning Software 48

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Trinity Logistics

JANUARY 19, 2024

Foundational Model This is where the training/learning takes place, where you’re teaching the AI how to look at things and look at input. Large Language Model (LLM) This model is trained on vast amounts of text, can interpret what you’re asking of it, and can put a response in words that you can understand.

Supply Chain Software 114

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EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. How to Choose Inventory Management KPIs. Managing inventory is a complex business.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

Carter Logistics

SEPTEMBER 5, 2018

How to Get the Most ROI from Supply Chain Logistics. De-cluttering your workplace and creating more fluid lines of communication and product movement are benefits that you will see when this continuous stream of information is implemented through analysis. Blog Topics. The Shared Milkrun Mexico & Border Logistics.

Supply Chains 111

Supply Chains How To Logistics Waste 111

SYSPRO Smarter ERP

NOVEMBER 30, 2021

You can even use comparable existing product history as a starting point to model a forecast for a new product. Other related tools such as Pareto analysis identify which products are most profitable and hence those you should focus your attention on. Managing Inventory. Manufacturers know that good supplier relationships are critical.

Supply Chain Planning Software 105

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Logistics Bureau

NOVEMBER 16, 2020

You could be particularly numerate, or into analysis. Certified Supply Chain Professional : Learn how to develop streamlined supply chain operations. And don’t be afraid to ask their advice on how to start out in the industry. Data analysis is a key component of this position. Do you want to be managing people?

Supply Chain Planning Software 115

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Logistics Viewpoints

SEPTEMBER 2, 2022

Food retailers as well as consumers benefit from this model, as they receive their ordered items quickly and in the best quality, which is complemented by flexible solutions for the last mile. Over time, it learns how to process more and more types of items and to place them automatically in the shopping bag.

Sourcing Strategies 121

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Logistics Business Magazine

MARCH 19, 2024

The combination of computer vision, machine learning, NLP (natural language processing) and LLM (large language models) will allow warehouse operators to maximize efficiency across critical drivers such as space utilization, inventory, working time and machinery utilization.

Optimization Software 55

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WorkWave

SEPTEMBER 23, 2021

Due to the increased popularity of online grocery shopping, there is a lot of competition, making establishing a solid business model vital for your success. Designing a successful business model requires a bit of research and analysis of your competitors. Work on an Operating Model. The Inventory Model.

Modeling Software 52

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Ship Monk

JUNE 16, 2021

Basically, it’s in our nature to adapt to the behavior modeled by others under the assumption that their thoughts and actions are correct. Run a Competitive Analysis. The post A Summer of Sales: How to Combat the eCommerce Slow Season appeared first on ShipMonk | Fulfillment Center | Order Fulfillment Services. Let us know !

eCommerce 59

eCommerce Inventory Reduction How To After-sales 59

EazyStock

FEBRUARY 26, 2020

One way to do this is to use an inventory classification model. ABC analysis is a simple way to segment your stock based on its value to the business. However, basic replenishment models (often found in spreadsheets or used by ERP systems) are very one-dimensional. Contact us for more information on EazyStock.

Availability 52

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Logistics Viewpoints

MARCH 8, 2021

On top of this cost network model, the solution allows for various scenarios to be kept and compared. Using network design solutions, the company saved millions of dollars based on better decisions on how to utilize their network. LLamasoft has developed a supply chain design maturity model.

Supply Chain Design Software 153

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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. The post How to successfully implement just-in-case inventory management appeared first on.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

Logistics Business Magazine

JUNE 14, 2021

This “process” is where you need to begin your analysis. How to automate? Once this basic premise is accepted, the in-depth analysis of your current situation should begin by asking two very important questions: 1. Real processes in real warehouses still differ from the mathematical models of these simulations.

Automation 48

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Logistics Viewpoints

MAY 11, 2023

Specifically, through modeling and simulation of a digital twin you’re able to ‘virtually try before you buy’ — modelling different scenarios quickly and easily without interrupting operations, or committing significant time and capital. Do they purchase a 3D warehouse simulation and modeling tool?

Optimization Software 142

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EazyStock

FEBRUARY 1, 2021

Here are ways you can optimize your inventory management practices for eCommerce competitiveness: How to Manage eCommerce Inventory. So far we’ve shown how statistical demand forecasting and inventory optimization techniques help eCommerce businesses cost-effectively replenish stock to ensure that demand can be met.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

Logistics Viewpoints

MARCH 1, 2021

Once the analysis was done for Year One set up, Year Two was pretty much the same. Network design and optimization tools help companies understand how to best leverage enterprise assets across their supply chain networks and where their production volumes should be optimally located. It was predictable.

Supply Chain Design Software 107

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Log-hub

JULY 25, 2023

Learn how to reduce stockouts and overstocks by 20% – 40% with a solution customized to your company. The conventional approach of using standard forecasting models often falls short, as it fails to consider various critical factors that influence demand. Our solution involves: 1.

Data 40

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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?

Procurement Analytics 62

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EazyStock

FEBRUARY 7, 2020

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. A build-up of excess inventory and obsolete stock as social trends and technologies quickly change and forecasting models fail to keep up. Increased stock levels to ensure stock availability. Challenge no.

Inventory Reduction 52

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The Logistics of Logistics

FEBRUARY 12, 2021

By building machine learning models that properly diagnose and label excursions, PAXAFE is uniquely positioned to leverage more granular, contextual data to accurately identify when, where and under which conditions future adverse events are likely to occur. Learn More About How to Predict and Prevent Freight Damage. About PAXAFE.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

EazyStock

JANUARY 21, 2021

Microsoft encourages Dynamics BC users to manually categorize their stock items using a simple ABC analysis model. Because EazyStock automates inventory classification , it can go beyond simple ABC analysis, dividing stock items into much more granular categories. Inventory Classification and Stocking Policies.

Inventory 52

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3PL Insights

JULY 26, 2017

How does their box connect with their audience? How can you learn from the market analysis of your audience? How does your box reflect the main theme and benefit you provide? How will your box be specifically tailored to your chosen audience?

How To 58

How To Packaging Distribution Packing 58

AIMMS

DECEMBER 1, 2016

A modeling and analytics environment like AIMMS allows companies to overcome these limitations. The company decided to build a smart distribution optimization application that allows for what-if analysis and provides best possible DPAs for the back office. essence of the company’s business planning process.

Supply Chain Planning Software 103

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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 root cause analysis skill was developed to identify reasons for customer service level cuts and revenue losses. The analysis was not all that accurate.

Supply Chain Planning Software 124

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Camelot 3PL Software

APRIL 3, 2019

We will now delve into HOW to successfully implement, and identify several key success factors for every project. A Fit Gap Analysis can be extremely helpful, in which all Functional Requirements are documented and analyzed in terms of “Fits” and “Gaps” with the out-of-box software. Project Plan – This one’s a biggie!

Modeling Software 40

Modeling Software How To Vendor Strategies Resource Reduction 40

GoShip Blog

NOVEMBER 14, 2018

Big data analysis and forecasting. Large enterprises like Amazon and Walmart handle the problem by offering the buy-online-pick-in-store model, when shippers purchase online and pick their order in the nearest brick-and-mortar store. Another fundamental point to think about is operations.

Expense Reduction 49

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WorkWave

OCTOBER 5, 2022

As seen in large facilities, rodent pressure can change, so there is not a one- size-fits-all model a PMP can rely on to manage this aspect of a program. Enhanced IPM – the traditional service model is commoditized and framed around the number of traps and time it takes to check them.

Modeling Software 98

Modeling Software Cost Reduction Modeling Events 98

AIMMS

DECEMBER 1, 2016

A modeling and analytics environment like AIMMS allows companies to overcome these limitations. The company decided to build a smart distribution optimization application that allows for what-if analysis and provides best possible DPAs for the back office. essence of the company’s business planning process. Feel free to contact me.

Supply Chain Planning Software 62

Supply Chain Planning Software Optimization Software Modeling Software Optimal Sourcing 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. Demand forecasting: Danone improves its capacity to modify output in response to market demands by using advanced analytical models to produce precise demand projections.

Supply Chain Planning Software 48

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FreightWaves SONAR

NOVEMBER 6, 2020

Kerr pointed out that Edge built and implemented internal rating models based on Edge Logistics’ customer experiences. We all have similar rates and use the same carriers, but Edge wins bids and business by knowing the REAL market rates and how to apply them for customers. SONAR benefits at Edge Logistics.

Logistics Network Optimization Software 88

Logistics Network Optimization Software Case Study Modeling Software Logistics 88

AIMMS

SEPTEMBER 17, 2019

Suddenly, the models we needed to support decision-making no longer fit. The maintenance contract we had covered support for bugs in the current model or issues with the software, but it didn’t cover building an entirely new model. We were dependent on the vendor’s consultants to make changes to our model.

Supply Chain Design Software 102

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SYSPRO Smarter ERP

FEBRUARY 23, 2022

These will require a re-think of how to manage products, streamline the business and interact with customers. For manufacturers looking at the potential of the Equipment-as-a-Service business model, they need an ERP system that comprises all the functions needed to deliver this service (e.g., Equipment-as-a-Service.

Manufacturing Procurement 105

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EazyStock

OCTOBER 31, 2022

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. These could be quantitative methods such as exponential smoothing, regression analysis or econometric forecasting.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. You can use various forecasting models for demand planning, and you must choose the models that best suit your business needs.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 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. So far we’ve discussed how to overcome demand forecasting challenges due to Coronavirus. How to identify stock items that are critical to their business. stock availability.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52