Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? In other words, it will be different for every enterprise or organisation.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

Locus

JUNE 16, 2023

Read also: How to Calculate the Cost of Transport 2. Read also: A Study of Unit Economics in Last Mile Delivery Is it essential to reduce last-mile delivery costs for vehicles? By reducing these costs, companies can offer better service, manage operational complexities more effectively, and keep pace with increasing customer demands.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

SYSPRO Smarter ERP

MARCH 28, 2024

Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights. It is a modern business strategy that lets company staff make decisions based on facts instead of biases. The volume and quality of data is important.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 52

Ship Monk

SEPTEMBER 14, 2022

There are a lot of accounting terms thrown around when describing eCommerce inventory: merchandise inventory , WIP inventory , ending inventory , and beginning inventory to name just a few. What is Beginning Inventory? By inventory , we mean finished goods that are on hand and ready to sell.

Inventory Reduction 78

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 78

Log-hub

NOVEMBER 6, 2023

billion (National Law Review, 2023) In this blog post, we’ll explore how you can leverage AI to achieve optimal stock levels in your supply chain, improve inventory management, and ultimately drive business growth. The global supply chain industry is worth a whopping $15.85

Optimization Software 52

Optimization Software Inventory Reduction Optimization Cost Reduction 52

Blue Grace Logistics

NOVEMBER 21, 2023

How to Navigate Your Supply Chain During Market Swings Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 21, 2023 Market conditions play a crucial role in shaping challenges professionals face when managing their organization’s supply chains.

Supply Chain Software 104

Supply Chain Software Supply Chains Optimization Software Modeling Software 104

CLX Logistics

APRIL 22, 2024

How to Elevate Your Logistics Operations with AI & ML Technology Global supply chain organizations are embracing digitization to propel their supply chain planning to new heights. 1] Chemical supply chain planning specifically refers to applying supply chain planning principles and strategies within the context of the chemical industry.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 97

SYSPRO Smarter ERP

NOVEMBER 1, 2021

Industries are facing the need to plan new strategies and invest more in technology to gain a stronger foothold. A B2B e-commerce strategy is therefore becoming increasingly necessary for manufacturing businesses that want to better sell their products or procure the necessary components for manufacturing them.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Inventory Reduction 111

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? Understand your demand.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

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

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits. Manufacturers can use forecasting to support inventory optimization. Managing Inventory. labor, materials and warehousing, to IT, freight and safety.

Supply Chain Planning Software 105

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

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

Camelot 3PL Software

MARCH 5, 2024

In this blog post, we’ll delve into the world of mobile barcode scanning within 3PL warehouses, exploring its benefits, best practices, and how it impacts productivity. Accuracy and Error Reduction Manual picking processes are prone to errors. Barcode scanning ensures nearly 100% picking accuracy by eliminating human error.

3PL 59

3PL Inventory Reduction Optimal Sourcing Resource Reduction 59

SYSPRO Smarter ERP

JANUARY 9, 2023

Manufacturers increasingly turning to data and analytics, from an ERP system, to support business initiatives. Data is after all the fuel that runs the Fourth Industrial Revolution. Challenges to using data. Many manufacturers are data-rich but when it comes to using it they are insight-poor.

Manufacturing Procurement 111

Manufacturing Procurement ERP Data Logistics Network Optimization Software 111

Blue Grace Logistics

MAY 6, 2022

Data and optimization can improve efficiencies in supply chains, save shippers money and reduce greenhouse gas emissions, according to logistics experts who shared insights last Friday in honor of National Supply Chain Day. “In Data gives shippers insights. Efficient, sustainable supply chains go hand in hand. Freightwaves.

Supply Chain Design Software 62

Supply Chain Design Software Optimization Software Supply Chain Software Waste Reduction 62

Ship Monk

AUGUST 22, 2022

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. SKUs are vital to inventory management and the success of any business—as pivotal to operations as a binding agent is to a meatball (i.e. But how exactly is a SKU created and structured? What is a SKU?

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

3PL Links

JANUARY 31, 2023

7 Best Tips for Inventory Management To Avoid Losses | Image source: AR Racking Inventory management is likely the most crucial success component if you sell products through an online store. As a result of only investing in an expensive marketing strategy, you immediately miss the point. In a nutshell, a situation to avoid.

Inventory Reduction 62

Inventory Reduction Inventory Tips Expense Reduction 62

EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. trillion by 2023 , indicating a need for more robust online sales strategies. trillion by 2023 , indicating a need for more robust online sales strategies. For businesses to succeed in eCommerce they must ensure they have an effective eCommerce supply chain strategy.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. This ratio increased to 54% in 2022.

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Analysis Supply Chain Software 48

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

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

MAY 24, 2022

Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and hitting fulfillment targets. This post, however, will focus on the financial aspect of inventory: inventory value – taking an accountant’s view of how to manage stock effectively.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Purchasing Skills 52

EazyStock

FEBRUARY 11, 2021

Better Inventory Management for eCommerce. As more and more businesses sell online, they are starting to see the impact that eCommerce has on their inventory management operations. In this post we discuss how eCommerce is affecting inventory management strategies. Let’s take a look at each in more detail.

Inventory Reduction 52

Inventory Reduction eCommerce Inventory Price Reduction 52

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. The ABCD Analysis entails categorizing products based on their net sales and subsequently measuring the inventory value for each category.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

GlobalTranz

APRIL 13, 2021

Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Preparing your supply chain for resiliency begins with risk management and a proactive strategy. The average cost of a data breach reached $3.86 It’s not enough to have a Plan B, just in case.

Supply Chain Planning Software 82

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 82

GoShip Blog

DECEMBER 23, 2022

Generally, back-ordered items comprise goods that are unavailable in the seller’s current inventory but are either already in production or en route from suppliers. When this happens, many small business owners sell unavailable items on backorder and ship them to the customer after replenishing their inventory. How to Reduce Backorder?

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Cost Reduction Material Savings 52

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

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Managing inventory is a complex business. 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. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

GlobalTranz

APRIL 20, 2021

Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. The coronavirus disruptions highlighted the stressed nature of lean and just-in-time inventories.

Supply Chain Planning Software 115

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

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

CLX Logistics

MARCH 4, 2024

How to Elevate Your Logistics Operations with AI & ML Technology Global supply chain organizations are embracing digitization to propel their supply chain planning to new heights. 1] Chemical supply chain planning specifically refers to applying supply chain planning principles and strategies within the context of the chemical industry.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 52

SYSPRO Smarter ERP

OCTOBER 9, 2023

Modern machinery is commonly fitted with real-time sensors but these are not very useful if there is no way to view and action the data from the sensors. Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. This includes not only energy efficiency but also how to reduce waste.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

EazyStock

DECEMBER 8, 2021

Chinese New Year (aka Lunar New Year) might seem like a long way off, but smart inventory managers will be starting to plan for this event very soon. In this post we look at the challenges brought about by Chinese New Year and how EazyStock can help. With this data it then calculates new order quantities and safety stock levels.

Inventory Reduction 52

Inventory Reduction Inventory Resource Reduction Scenario Planning 52

EazyStock

FEBRUARY 7, 2022

However, calculating future stock levels and demand forecasts manually can be very time-consuming, and if your forecasts and/or stock data are inaccurate, you run the risk ordering the wrong stock. Automated inventory optimization software like EazyStock can save you time and reduce the pain of manual calculations.

Inventory Reduction 52

Inventory Reduction Inventory How To Supply Chain Software 52

EazyStock

NOVEMBER 18, 2019

Obsolete Stock is a term that refers to inventory that has reached the end of its product life cycle. Companies that have not accurately forecasted a decline in demand or effectively reduced their stock replenishment policies often times are left with large quantities of obsolete stock in their warehouses. What is Obsolete Stock?

Inventory Reduction 40

Inventory Reduction Inventory How To Replenishment 40

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. We’ll begin with a look at pricing strategy.

Negotiating Skills 89

Negotiating Skills Purchasing Skills Cost Reduction Analysis 89

Locus

APRIL 3, 2023

This refers to planning, coordinating, and executing the flow and storage of goods and services, including activities such as transportation, inventory management, order processing, warehousing, packaging, and security. The global last-mile delivery market size is expected to reach $61.57 billion by 2025, growing at a CAGR of 16.7%

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 52