EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. Choose and implement demand planning software While you can do demand planning manually, managing data in multiple spreadsheets makes it harder to analyze and bring together usefully.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. Choose and implement demand planning software. It will be easier and faster to implement software. Use your software to produce your initial forecast.

Supply Chain Planning Software 52

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

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

EazyStock

FEBRUARY 17, 2021

For example, you may want to carry more items that consistently sell well and are cheap to stock, versus those that are expensive with intermittent demand. For example, items that are stocked well would potentially have high service level targets, while those with lower stock levels could have lower service level targets.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

Locus

JANUARY 2, 2023

Imagine your customer purchased a refrigerator and scheduled a two-hour window out of her busy schedule for its installation. We will use the same example. And this requires you to invest in route optimization software for effectively planning tasks. Schedule Demo. appeared first on Locus Blog.

Material Savings 52

Material Savings Inventory Reduction Resource Reduction Optimization Software 52

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. It uses algorithms, software, or systems to learn and adjust without specific programming. For example, you can adjust the speed and volume of order processing to meet demand. What is machine learning?

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Locus

FEBRUARY 27, 2023

Before that, he wanted to purchase a pair of shoes from a nearby store. Time to value is the time customers spend to derive value from the purchased product. In last-mile delivery , it is the time gap between buying a dispatch management solution and gaining a positive Return On Investment (ROI) from it.

Optimization Software 52

Optimization Software Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills 52

FreightWaves SONAR

NOVEMBER 20, 2020

As an example, Supply Chain Dive states, “Minimizing the number of claims for overages, shortages and damages (OS&Ds) as a percentage of deliveries,” is one way to manage operations and track performance better. It is a measure of the beginning inventory cost plus the purchases made during the period, minus the ending inventory costs.

Supply Chain Design Software 66

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 66

Locus

MAY 25, 2022

Take last-mile deliveries for example. But today, nothing can be more heartbreaking to a customer than a business breaking its delivery promise on their prized purchases. Route planning software enables you to set efficient, accurate, and realistic routes that contribute to high on-time delivery rates.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

EazyStock

DECEMBER 13, 2020

For example, did you take out a loan through the Paycheck Protection Program ? For example you should adopt a different demand forecasting technique for mature products with steady demand, compared to items in decline where demand is become more erratic and lumpy. Improve Demand Forecasting.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

EazyStock

MAY 11, 2021

We’re going to use Frank’s Fasteners business as the example: 1. If you find that you’re treating all items the same (in terms of the stock you hold and the purchases you make regardless of their category) then you probably have inefficient and needlessly expensive inventory policies. What’s the solution?

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

DECEMBER 13, 2021

Unfortunately there’s no easy solution to the deal with the current global supply chain problems and avoid stockouts altogether. For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. Using Software to Predict when Stockouts will Occur. Hold stock back for key accounts.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

EazyStock

MARCH 9, 2021

In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices. See an example of ABC analysis in action here. For example, some products will have a regular demand, while others will have intermittent demand. Focus on your category A items.

Analysis 83

Analysis Inventory Optimization Software Procurement Solutions 83

EazyStock

JUNE 18, 2019

ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. The best way to start is to adapt your purchasing and inventory policies to each group from the ABC analysis. What’s the solution? Use an inventory optimization tool to automate the process.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

FreightWaves SONAR

JANUARY 5, 2021

Purchasing equipment and buildings are some of the more commonly financed items. If any software were to streamline the process and make it faster, costs would be cut dramatically. And since customers get their products on time and without delay, they are more likely to return for future purchases.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

EazyStock

JANUARY 4, 2021

However, having control over every inventory item often ends up being a time-consuming and frustrating endeavor for most inventory teams, as they rarely have the right tools in place to get the job done well. This is where an inventory optimization tool comes into play. Acumatica’s Inventory Management Capabilities.

Inventory Reduction 52

Inventory Reduction ERP Inventory Optimization Software 52

EazyStock

JUNE 18, 2019

ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. The best way to start is to adapt your purchasing and inventory policies to each group from the ABC analysis. What’s the solution? Use an inventory optimization tool to automate the process.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

FreightWaves SONAR

JANUARY 25, 2021

Maintenance expenses include all internal (shop labor, parts, supplies and tools) and external (outside vendor parts, labor and supplies) expenses. For example, the availability of qualified technicians determines whether or not common tractor and/or trailer repairs can be done with internal resources instead of external (outside vendors).

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

Locus

MARCH 27, 2024

Instead of every order piling onto the delivery system, customers become willing participants in the logistics chain, picking up their purchases at their convenience. Take XYZ Retail for example, juggling 100 diverse orders ranging from on-demand to next-day deliveries. Schedule a demo with us!

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

EazyStock

MARCH 4, 2021

When looking to improve inventory turnover, it’s important that inventory planners and purchasers only order items that have a demand in the marketplace. For example, EazyStock has an order fill-up feature that allows you to work to minimum order quantity, value or weight restrictions. Improve demand forecasting accuracy.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Locus

JUNE 23, 2023

Read Also: How Delivery Logistics Software Improves On-Time In Full (OTIF) Delivery Score 4. D2C order fulfillment strategy is the best example for this in-house order fulfillment where the company receives the order from the customer and directly ships that order to that customer. Yes, it is.

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Vendor Strategies 52

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? And when we feel uncertain, humans tend to look for examples of what others in our situation have done. We’ll give you some examples of social proof, and we’ll even rank them in terms of trustworthiness. What is Social Proof?

eCommerce 89

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 89

EazyStock

AUGUST 9, 2022

The importance of distribution software. There are a host of distribution software systems that manage internal and external supply chain workflows. Distribution software benefits. Distribution software can bring many benefits to inventory management teams, and the wider business, including: Accurate demand forecasting.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52

Ship Monk

NOVEMBER 30, 2023

Fortunately, most metrics are tracked automatically, using tools and software systems you may already have. We recently covered KPIs for Ecommerce Businesses in another blog post. There are distribution metrics , fulfillment metrics , marketing metrics — metrics for every part of your business. What is a KPI? A KPI is a metric.

Procurement Analytics 64

Procurement Analytics eCommerce Procurement Solutions Manufacturing Procurement 64

EazyStock

MARCH 1, 2023

MOQs and their impact on inventory Minimum order quantities, values and weights are a common challenge for inventory planners and purchasers. If you’re happy with the recommended orders, click “create order lines” and either send the request to your ERP to produce a purchase order or straight to your supplier.

Ordering 52

Ordering Purchasing Skills Inventory Reduction Procurement Solutions 52

EazyStock

APRIL 13, 2022

You should also review and choose suppliers, decide where to locate warehouses and whether to implement software throughout the supply chain. For example, having more accurate demand forecasting, warehouse automation, diversifying your supplier network or bringing new technologies on board to give you real-time data. Purchasing.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

EazyStock

MARCH 17, 2021

Customers will flock to stores and websites to purchase gifts and holiday décor. Demand can also surge unpredictably – one recent example is the sudden increase in demand for personal protective equipment (PPE) with the spread of COVID-19. There are even tools you can use to evaluate the cyber risk to your supply chain.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 78

Locus

APRIL 29, 2022

Example: A meat company has a steady base of demand for the delivery of its processed meat. By using fleet routing software , the meat company can optimize the routes appropriately to reduce the empty miles driven, saving huge operating costs. To elevate your operational efficiency and minimize your fleet costs, try a demo with us now!

Outsourcing 52

Outsourcing Optimization Software Cost Reduction Logistics Network Optimization Software 52

EazyStock

JUNE 23, 2021

A bill of materials is usually associated with production planning in manufacturing, and is typically used in manufacturing software such as materials resource planning systems (MRPs). An example of a BOM-dependent forecast would be for the components that make up a fountain pen. Automated BOM Inventory Management.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Inventory Reduction Inventory 52

FreightWaves SONAR

NOVEMBER 30, 2020

For example, if there were 700 intermodal shipping containers moved between City A and City B in the past week, that lane shows a total ORAIL value of 100. ORAIL/IRAIL is the ultimate intermodal shipping volume tool. For example, for 53’ loaded containers between Los Angeles and Chicago use ORAIL53L.LAXCHI.

Purchasing Skills 59

Purchasing Skills Negotiating Skills Sourcing Strategies Freight 59

Shipchain

SEPTEMBER 4, 2019

In the shipping and logistics industry, enterprises are already beginning to realize that private blockchains are simply not the solution they’ve been sold. But public blockchains can unify systems across companies, countries, and even industries (such as the supply chain to shipping, for example).

Supply Chain Planning Software 48

Supply Chain Planning Software Logistics Network Optimization Software Industry Supply Chain Software 48

Locus

JUNE 21, 2022

Everything from your grocery delivery in a matter of minutes, to the television set you purchased online that was delivered with utmost care is an example of efficient last-mile delivery. Finding the ideal last-mile delivery solution. Schedule Demo. In 2021, retail e-commerce sales amounted to approximately $4.9

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Sourcing Strategies Optimization Software 52