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Inventory Replenishment Strategies that Increase Profits

EazyStock

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

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6 Inventory Control Techniques for Stock Optimization

EazyStock

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Read our blog on demand forecasting accuracy for more details. For example, you should consider setting different service levels, safety stock levels and reordering parameters for each category.

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Why is freight data a powerful weapon in the era of COVID-19?

FreightWaves SONAR

For example, as seen in scenario A1, the global unconstrained demand for air cargo will fall by 14% of pre-crisis volumes in the second quarter of 2020 and will not rebound to 2019 levels until around mid-2022.” Using data, supply chains could better plan replenishment orders, avoid congestion and prevent further disruption.

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Why near-real-time electronic freight tender trucking data is more reliable than waiting on submitted data

FreightWaves SONAR

Obviously, that’s only one example, but it shows the value of insight and using data that’s available now. . It’s a continuous process that helps individual shippers learn when to boost replenishment. Request a FreightWaves SONAR demo by clicking the button below to get started. . Request a SONAR Demo.

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How EazyStock Enhances Acumatica ERP Inventory Management

EazyStock

Optimized Inventory Replenishment. With Acumatica you can manually set your replenishment parameters using the minimum/maximum quantity method (“min/max”). In comparison, with EazyStock replenishment is automatically calculated for every SKU in your portfolio. Finally, EazyStock calculates your optimal replenishment parameters.

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5 use cases of supply chain visibility and data for shippers

FreightWaves SONAR

For example, the above image shows an OTRI of 26.83 Increased visibility also improves replenishment processes deriving from increased lead time planning and the ability to secure capacity with less hassle. Request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.

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Using ABC Analysis in Inventory Management

EazyStock

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.