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

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WorkWave

MARCH 26, 2024

Imagine ordering a package online and eagerly awaiting its arrival, only to face delays and uncertainties in the delivery process. Customers expect their orders to arrive promptly, especially in today’s fast-paced world where instant gratification is the norm. Check out their full story here. Ben Toilet Rentals Inc.

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FreightWaves SONAR

MARCH 2, 2021

From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.

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Logistics Business Magazine

MARCH 20, 2023

A new white paper from a supply chain consultancy suggests retailers are too fragmented in their approach to determining their Costs-To-Serve (CTS) and should instead adopt CTS analysis as a core, business-critical initiative for informing future decisions and direction. “In More acutely, do you know what margin you are making?

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EazyStock

FEBRUARY 18, 2020

What is Economic Order Quantity (EOQ)? Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Ordering costs are the costs that arise every time inventory is ordered.

Ordering 52

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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

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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?

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Log-hub

NOVEMBER 6, 2023

Maintaining optimal stock is not just about inventory management; it’s a strategic imperative that impacts customer satisfaction, streamlines order fulfillment processes, reduces lead times, and improves order cycle times, thus enhancing overall efficiency of the entire supply chain.

Optimization Software 52

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Ship Monk

JULY 20, 2023

These zones are grouped not by miles, but by zip codes from the point of package origin (where an order is shipped from) to the point of destination (where the package is going). Shipping zones are calculated based on where an ecommerce order is shipped from. Hence the more zones traveled the bigger the price.

Negotiating Skills 52

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EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Lots of activities, processes and people are involved in ordering, receiving, storing, picking and shipping items with the ultimate aim of keeping customers happy with the correct orders that are on time. How to Choose Inventory Management KPIs.

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3PL Links

FEBRUARY 13, 2023

How to Innovate Your Supply Chain Management: What You Need to Know | Image Source: Axestrack Organizations must prioritize supply chain management and implement strategies to increase its efficiency if they want to compete in the market. How to innovate? What are the elements that make up the supply chain?

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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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3PL Links

FEBRUARY 4, 2024

Image source: Flickr | How to Protect Supply Chain from Cyber Attacks The management of data intelligence in the supply chain presents an enormous challenge to those involved. The amount, velocity, and sharing of data all influence how it is received and evaluated, and these changes intensify with the consolidation of digital transformation.

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GoShip Blog

JULY 7, 2021

Remember how hard it was to find a roll of toilet paper at the height of lockdown? Whether it involved stacking shelves in a retail store or getting online orders to appear on a doorstep, consumers were in for a rude awakening as the COVID-19 pandemic disrupted supply chains worldwide. What are the types of Supply Chain Disruptions?

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3PL Links

SEPTEMBER 28, 2022

Learn how to successfully run a warehouse in today’s blog post to increase sales for your business. This manual’s approaches will show you how to run a warehouse while saving time and money and significantly boosting its value. Applying the wheel analysis is also a smart idea.

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GlobalTranz

NOVEMBER 8, 2018

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. Order picking accuracy. Order volume. Get Your Free White Paper Today. Download Here. Label accuracy.

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EazyStock

NOVEMBER 19, 2020

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. Wholesalers – allows them to fulfill customer orders on time, keeping them loyal and coming back for more. Effective stock replenishment.

Replenishment 98

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SYSPRO Smarter ERP

NOVEMBER 30, 2021

Other related tools such as Pareto analysis identify which products are most profitable and hence those you should focus your attention on. Charged with this critical task, the purchasing department can leverage its Material Requirements Plan (MRP) to stay abreast of what’s needed, how much and when. Managing Inventory.

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EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. When looking to improve inventory turnover, it’s important that inventory planners and purchasers only order items that have a demand in the marketplace. Reorder smarter.

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Turvo

FEBRUARY 8, 2022

Knowing how to build this network and set up a platform that provides the data, resources, and support needed becomes difficult. Knowing how to set up such a freight carrier network can give supply chains a significant advantage over competitors. Databased dashboard for fast data analysis and sharing in the network.

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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. Why Choose a Job in the Supply Chain Industry? Do you want to be managing people? Marketing Yourself.

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Logistics Bureau

JANUARY 11, 2021

To do that we use a technique called conjoint analysis. What conjoint analysis does is give a forced value to what customers genuinely expect, because that allows you to prioritise what resources you apply to servicing those customers. How to Design your Customer Service Offer. This is pretty useless information, to be honest.

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Trinity Logistics

NOVEMBER 30, 2021

Order planning This will help you with routing, optimizing your delivery processes, integrating your delivery data, and getting a granular view of all transportation stages. You’ll have access to experts who know how to make use of all the tools and reporting. GET A FREE SUPPLY CHAIN ANALYSIS TO SEE WHAT SOLUTIONS WE HAVE FOR YOU.

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Logistics Viewpoints

SEPTEMBER 2, 2022

Food retailers are predominantly depending on central fulfillment centers (CFC) and micro fulfillment centers (MFS) to process their e-commerce orders. Businesses are increasingly reaching for innovative ways to process their orders, essentially moving towards full automation. Advantages of fully automating grocery e-commerce.

Sourcing Strategies 122

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Stord

MARCH 24, 2020

Inventory replenishment becomes a challenge as a result and you risk not being able to fulfill customer orders or reorder from the manufacturer. So how do you prevent inventory stockouts when your demand forecasting didn’t allow for an event like COVID-19?

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Ship Monk

MAY 20, 2021

Competitive Analysis. A competitive analysis is a great way to learn from the greats while also spotting potential structural weaknesses within your own business. #5. The post How to Write a Winning Business Plan appeared first on ShipMonk | Fulfillment Center | Order Fulfillment Services. These two work in tandem. #4.

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EazyStock

DECEMBER 13, 2021

A basic risk of stockout spreadsheet can be easily set up using the following data: Current stock items, items on order and in transit. In a dynamic sales environment with orders changing more often, this would need to be done as often as possible. Restrict ordering/sales of ‘at risk’ items. Demand forecasts. Lead times.

Inventory 52

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EazyStock

FEBRUARY 26, 2020

Instead you need to find ways to fulfill orders without maxing out on stock. ABC analysis is a simple way to segment your stock based on its value to the business. Monitoring your service level as an inventory management KPI helps you ensure you can completely fulfill every order and prevent stockouts.

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EazyStock

FEBRUARY 1, 2021

Here’s how eCommerce businesses can improve their inventory management. eCommerce Inventory Management is the business process responsible for ordering, managing, storing and moving inventory. Here are ways you can optimize your inventory management practices for eCommerce competitiveness: How to Manage eCommerce Inventory.

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Logistics Viewpoints

DECEMBER 12, 2023

The rise of e-commerce has led to higher volumes of smaller orders that need to be fulfilled and shipped individually. Volatile demand means warehouses need to pivot quickly when order volumes change. Businesses would like to make the most of their investments in warehouse automation, but they’re not sure how to do that.

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EazyStock

JANUARY 21, 2021

When obtaining optimal order points and order quantities buyers need to keep track of everything from minimum order quantities, to stock multiples, article replacements and ensuring adequate storage space. In these cases, manually creating forecasts and working out order quantities and safety stock levels is a manageable task.

Inventory 52

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Ship Monk

FEBRUARY 24, 2024

How much are you spending on manufacturing, shipping, marketing, customer support, logistics services, and order fulfillment services? So if you have a budget, you can utilize specific order fulfillment services that fit within that. There are many different models and formulas for strategically ordering inventory.

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GoShip Blog

APRIL 22, 2022

The forecasting results shape your supply ordering, so you plan your budget better and don’t overpay for items your customers are not likely to buy. How to implement demand forecasting in your supply chain? For instance, if you’re a successful eCommerce retailer, you may want to know how to draw more customers by boosting your website.

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GlobalTranz

APRIL 12, 2018

Cerasis is excited to announce the release of an all new, exclusive, & educational resource “How to Optimize Full Truckload Shipping Through Technology & Best Practices” white paper! This is a must read for those are looking to reduce Full Truckload costs and optimize full truckload shipping in order to do more with less.

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Women in Trucking

DECEMBER 16, 2019

Requirements: What requisites are needed in order to succeed? How to Accurately Represent the Role Creating the most thorough and complete job description for your role starts with an in-depth job analysis. What are the outcomes that denote success, and how will they be measured?

How To 52

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EazyStock

MARCH 3, 2022

In the early 1980s, just in time supply chain management emerged as a way for businesses to reduce stock levels and only hold items that were needed to fulfill known orders. 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.

Inventory Reduction 52

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Ship Monk

JUNE 16, 2021

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. Furthermore, gathering social proof is a great way to nurture and connect with your existing network. #6. Hearing from you is always a treat. .

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