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. Rate of return.

Inventory Reduction 52

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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.

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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. In each case the future demand forecasting, replenishment and safety stock calculations need to be treated differently. Accurate eCommerce inventory replenishment.

Inventory Reduction 52

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EazyStock

FEBRUARY 18, 2020

You can determine which SKUs are your most valuable with ABC analysis , and this can help you both prioritize SKUs and determine the optimal warehouse layout to keep those SKUs close at hand for your pickers and packers. But keeping track of all the considerations that go into inventory optimization requires constant analysis.

Ordering 95

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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.

Logistics Network Optimization Software 68

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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?

Supply Chain Design Software 78

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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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EazyStock

FEBRUARY 18, 2020

You can determine which SKUs are your most valuable with ABC analysis , and this can help you both prioritize SKUs and determine the optimal warehouse layout to keep those SKUs close at hand for your pickers and packers. But keeping track of all the considerations that go into inventory optimization requires constant analysis.

Ordering 52

Ordering Purchasing Skills How To Inventory 52

GoShip Blog

AUGUST 27, 2019

How to nail last mile shipping? Robust inventory management, on-time fulfillment and replenishment, and structured shipping strategy should become your top priority. Managing last mile delivery can result in 20 to 30% of overall transportation expenses, and in some cases, can even exceed 50% of the budget.

Expense Reduction 40

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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.

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EazyStock

DECEMBER 13, 2021

Introducing ABC analysis to categorize your stock would help identify these so you can prioritize your time. If you’d like to know more about how EazyStock can support your inventory management processes and help better manage supply chain disruption please request a demo. Ways to Avoid Stockouts and Alleviate Issues.

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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. EazyStock is designed to automate demand forecasting , stocking policies and replenishment tasks , helping you manage your stock more effectively. Increased stock levels to ensure stock availability. Challenge no.

Inventory Reduction 52

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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. Microsoft encourages Dynamics BC users to manually categorize their stock items using a simple ABC analysis model. Microsoft Dynamics 365 Inventory Management Features. Working with Service Levels.

Inventory 52

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Logistics Bureau

NOVEMBER 23, 2020

An inventory policy is a document detailing the objectives, principles, rules, systems, and processes for cataloguing, classifying, forecasting, planning, stocking, replenishing, purchasing, warehousing, returning, allocating, disposing of, accounting for, monitoring, and reporting inventory. 2) Cause and effect will be hard to pin down.

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EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. In this post we’ll look at 6 inventory control techniques that will specifically show you how to control your stock levels, help you optimize your inventory and maximize profits. Understand your demand.

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EazyStock

NOVEMBER 21, 2019

Deciding How to Handle Outliers. However, it’s possible to use software to carry out the analysis for you. The post Improve Forecasting Accuracy: How to Manage Demand Outliers appeared first on EazyStock. A basic method is to visualize the data and spot the fliers visually. Automating Demand Outlier Alerts.

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SYSPRO Smarter ERP

DECEMBER 19, 2022

Furthermore, a culture of data literacy should be developed to help staff know how to make appropriate data-driven decisions. It’s about having the inventory in place before customers order it, which requires extremely precise forecasting, based on the analysis of large amounts of data. The ability to manage inventory better.

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SYSPRO Smarter ERP

DECEMBER 19, 2022

Furthermore, a culture of data literacy should be developed to help staff know how to make appropriate data-driven decisions. It’s about having the inventory in place before customers order it, which requires extremely precise forecasting, based on the analysis of large amounts of data. The ability to manage inventory better.

Inventory Reduction 98

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Logistics Viewpoints

MAY 11, 2023

For example, they can test the effect of increasing or decreasing safety stock levels or changing the replenishment frequency of certain products. By using predictive analytics and machine learning algorithms, digital twins can also provide recommendations on how to optimize equipment utilization and reduce downtime.

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EazyStock

AUGUST 21, 2020

Any organization looking to lower costs across their supply chain and improve profit margins should therefore start by taking a closer look at how to reduce their stock levels. How to reduce inventory using stock classification. It also helps keep cash flow healthy and has a positive impact on your end of year accounts!

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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. Investing in the Right Inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

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. Mr. Brett points out how important automation is for making these decisions. Keeping a human customer is hard enough.

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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. This KPI tells you the number of days your inventory would last without replenishment, before running out. How to Calculate Inventory Days of Supply.

Supply Chain Design Software 96

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Logistics Bureau

NOVEMBER 6, 2023

How to Improve Lighting Control It’s common for warehouse spaces to sit under artificial lighting even when or where it’s not strictly necessary. LMS applications can help with real-time workforce tracking, performance analysis, and scheduling. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 107

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Logistics Bureau

OCTOBER 10, 2022

The second is when you implement segmentation of the SKUs in your portfolio based on Pareto analysis. How to Improve Forecast Accuracy for Optimal Inventory. Ignoring the presence of forecast biases which skew replenishment patterns. 2: Forecast Accuracy. Neglecting to monitor external market factors that can affect demand.

Inventory Reduction 114

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Blue Grace Logistics

AUGUST 30, 2021

As per the current analysis of Reports and Data , the global refrigerated transport market was estimated at $14.8 How to mitigate the risk that this entails? Cold storage construction is projected to reach $18.6 billion in value by 2027 – an increase of 13.8 percent per year, according to consulting firm Emergen Research.

Optimization Software 62

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Logistics Bureau

JULY 18, 2022

Step 2: Gap Analysis – Customer Requirements and Supply Chain Trends. Now you know what your customers genuinely expect from your outbound and reverse supply chain, so it’s time to undertake a gap analysis. Collaborative planning, forecasting, and replenishment (CPFR). Vendor-managed inventory or replenishment.

Inventory Reduction 106

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Locus

APRIL 3, 2023

Logistics management utilizes advanced technology and data analysis to optimize logistics processes and enable informed decision-making. Inventory Management: Inventory management includes forecasting demand, setting safety stock levels, monitoring inventory levels, tracking inventory movements and managing replenishment.

Optimal Sourcing 52

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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. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates.

Supply Chain Planning Software 52

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

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 ? Automated replenishment is critical to ERP inventory management.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

EazyStock

NOVEMBER 6, 2020

ABC analysis or more sophisticated inventory classification techniques will help identify which stock items you should hold more of and those that should either be carried in smaller amounts or not at all. The post Inventory Carrying Costs & How They Impact Profitability appeared first on EazyStock.

Inventory Reduction 40

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Logistics in War

FEBRUARY 8, 2020

It may be a time to seriously question what full or partial industrial mobilisation might entail for the nation – or more importantly how to actually do it. A productive first step may be found in the understanding of exactly how long the ADF can sustain itself for certain contingencies based upon the resources it has at hand now.

Military 63

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3PL Links

JULY 7, 2023

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.

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247 Customs Broker

JANUARY 4, 2019

Even as the convenience of online grocery shopping attracts consumers, many grocers are struggling to determine how to satisfy this surging demand without decimating their bottom lines. Most retailers determine their replenishment system based on their ability to build a reasonably accurate demand profile, Bolumole says.

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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. The trick, of course, is how to make S&OP more effective, and thus more beneficial to managers in the trenches. S&OP spans horizons.

Supply Chain Planning Software 28

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Logistics Bureau

DECEMBER 19, 2022

Slotting Increases Replenishment Efficiency. If warehouse product slotting increases productivity and efficiency in picking, thereby reducing warehouse costs, it stands to reason that it does the same for replenishment and put-away activities. Productivity improvements in picking, replenishment, and put-away.

Production 92

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Material Handling and Logistics

AUGUST 31, 2018

As explained by the popular saying about how to eat an elephant (“one bite at a time”), overwhelming problems are best solved by simplifying how you look at the issue and taking small steps. The collection, access, analysis and utilization of data must be a primary consideration, not an afterthought. That’s not true.

Supply Chain Design Software 145

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