EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. The Importance of Improving your Inventory Turnover. Prioritize your inventory. Reorder smarter.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

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. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

EazyStock

JUNE 23, 2022

All successful businesses use data to develop strategies and review their outcomes. This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it!

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

Locus

JUNE 23, 2023

So, knowing more about order fulfillment, its importance, process, and strategies is critical. Also, it allows companies to track, refill, and manage their inventory levels. At this stage, businesses check if items are safe and secure and if the inventory levels are accurate and optimized for better space. Let’s fill in!

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Vendor Strategies 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

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

Locus

MAY 25, 2022

Here are seven key strategies that they have used to make it happen. The increasing demand for fast shipping has accelerated the need for brands to bring inventories closer to customers. Time to bring your strategies into action using a dispatch management platform! Try a demo with Locus now! Schedule a Demo.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Freightos

JANUARY 15, 2024

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year.

Negotiating Skills 117

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 117

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. More expensive borrowing.

Supply Chain Planning Software 52

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

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. All successful modern-day businesses rely on an efficient system of logistics management. from 2019 to 2025.

Optimal Sourcing 52

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

FreightWaves SONAR

MARCH 30, 2021

Added benefits of data-driven strategies in managing the inbound and outbound flow of goods Another benefit of ensuring routing guide compliance and adherence lies in the power of data-driven strategies that become easier to implement. Request a FreightWaves SONAR or a SONAR SCI demo by clicking the button below to get started.

Compliance 98

Compliance Supply Chain Software Supply Chain Planning Software Data 98

Locus

MARCH 27, 2024

On one hand, they’re battling shrinkage, which includes inventory losses from both operational slip-ups and theft. Mix it up with omnichannel Omnichannel retailing , the strategy that integrates all shopping channels like online or in-store isn’t just a buzzword—it’s a cost-saving revolution for retail businesses.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

Locus

JANUARY 2, 2023

There are two proven strategies to be on time whether you schedule appointments or deliveries: forward and backward scheduling. . Here, you use the resources as early as possible and hold the products in inventory until you can dispatch them. This strategy is also called Just-In-Time (JIT) manufacturing. Lower inventory costs.

Material Savings 52

Material Savings Inventory Reduction Resource Reduction Optimization Software 52

FreightWaves SONAR

SEPTEMBER 29, 2023

DATA ALSO AFFECTS INVENTORY MANAGEMENT While on the topic of freight data and its use in meeting just-in-time fulfillment, it is important to consider the lean conundrum. The lean conundrum is the problem that was created by a sudden surge in demand and extremely lean inventory management strategies. So, what can companies do?

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

Shipchain

FEBRUARY 14, 2019

Medicines are frequently returned to the pharmaceutical manufacturers, resulting from excess inventory or a need to return unsold stock for use in other areas directly. While approximately 3% of all pharmaceuticals are returned to manufacturers, return pharmaceuticals account for up to $10 billion in inventory.

Supply Chain Planning Software 99

Supply Chain Planning Software Supply Chains Inventory Reduction Manufacturing Procurement 99

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order.

Supply Chain Planning Software 52

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

FreightWaves SONAR

MARCH 22, 2021

Analytics can help companies review order-to-cash process cycles, expectations for demand, review available inventory, and better manage interactions with partners and customers. The best transportation management strategy uses data, and that data must be accurate, valid and timely. Request a SONAR Demo.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

Locus

SEPTEMBER 19, 2023

ii) On-demand Routing: Brands, while trying to increase inventory to meet customer demands, often struggle with ad hoc or on-demand orders due to inefficient routing and capacity planning. A zero carbon neutral strategy can’t be achieved overnight. Locus offers a solution that can reroute these orders.

Optimization Software 52

Optimization Software Cost Reduction Inventory Reduction Logistics Network Optimization Software 52

FreightWaves SONAR

DECEMBER 10, 2020

Descriptive analytics are a powerful tool for managers that allows them to track existing inventory supply and automatically notify others of any potential shortage in available inventory and more. Using historical data, freight managers can identify when more inventory, human resources, trucks and revenue may be needed.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Freight Resource Reduction 52

EazyStock

JUNE 16, 2022

Inventory management and AI. Inventory management teams have the difficult task of calculating healthy stock levels to meet demand without over- or under-stocking. As the analysis is carried out daily, you will be able to see where your strategy needs to change to respond to rapidly changing market situations.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

FreightWaves SONAR

DECEMBER 3, 2020

Analytics-driven processes to reduce excess inventory. Yet analytics-driven processes can reduce excess inventory. And they keep inventory levels lean. Regardless, any effective strategy must also work across all freight management systems. Request a SONAR Demo. Wasted warehouse space leads to higher overhead.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 76

FreightWaves SONAR

NOVEMBER 19, 2020

All of these and many other challenging factors have resulted in an ever-extending supply chain footprint, one holding onto inventory 8% longer than it did 30 years ago.” However, AI can provide a pathway toward more proactive, responsive management strategies. When inventory lags demand, companies suffer losses.

Supply Chain Software 105

Supply Chain Software Supply Chains Sourcing Strategies Scenario Planning 105

Locus

OCTOBER 25, 2023

Drawing from Locus’s comprehensive survey conducted among over 150 industry captains and leaders, Mehul offers a glimpse into the strategies and challenges surrounding last-mile delivery. Their focus on other aspects, like mid-mile and inventory management, however, puts them slightly behind in the last-mile excellence race.

Webinar 52

Webinar Optimization Software Logistics Network Optimization Software Supply Chain Software 52

Ship Monk

AUGUST 11, 2022

Keep reading to learn all about the most crucial part of your shipping strategy and see how you can take your last-mile deliveries to the next level! While some of these roadblocks are indeed unavoidable, having a solid handle on your shipping strategy goes a long way in preventing the preventable. Defining Last-Mile Delivery.

Negotiating Skills 52

Negotiating Skills Purchasing Skills eCommerce Inventory Reduction 52

Locus

JUNE 16, 2023

Invest in technology and automation: Investing in the latest technology can revolutionize inventory management, enable real-time tracking , and facilitate quicker decision-making. In conclusion, the implementation of these strategies, backed by real-time data, can help businesses significantly trim their last-mile delivery costs.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

Ship Monk

DECEMBER 15, 2023

Mature ecommerce businesses use every source of data they can get their hands on, from shopping platform analytics to inventory and fulfillment platforms. We’ve covered ecommerce KPIs in detail in recent blogs, and no doubt you already know whether you’ve hit your BFCM numbers. Did you run out of inventory?

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

EazyStock

MAY 20, 2022

We’ll also look at some current and emerging technologies, and how they can enhance your inventory planning and optimization strategies. Automating warehouse management processes can remove the need for manual inventory tracking. In this article, we explore the benefits of warehouse automation.

Supply Chain Software 52

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Optimization Software 52

FreightWaves SONAR

NOVEMBER 24, 2020

Before cloud computing and the era of Big Data, collecting inventory information required more resources and extra manpower. Plus, manual data entry often left inventory management susceptible to human error.” In recent years, agile, flexible and adaptive supply chains have become the new logistics strategies.

Data 90

Data Freight Supply Chain Software Inventory Reduction 90

EazyStock

JUNE 21, 2022

Many more traditional supply chain strategies originated in a steadier business environment. Looking ahead, as companies digitalize their supply chain strategies , cloud applications will provide the adaptability to scale up quickly. The future of cloud computing in supply chain management.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 52

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

FreightWaves SONAR

MARCH 3, 2021

The most frequently cited technologies include transportation management scheduling (72%), transportation management planning (69%), transportation sourcing (51%), warehousing (51%), network modeling and optimization (45%), and the use of web portals for booking, order tracking, inventory management and billing (40%).”

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Trends 52

FreightWaves SONAR

APRIL 29, 2021

That has also increased the pressure on retailers to keep other freight and logistics costs low with more capital and expense being dedicated to the development of new omnichannel strategies. . Pressure to develop an omnichannel strategy with strong customer service levels. Higher inventory levels. Request a SONAR Demo.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

Ship Monk

FEBRUARY 9, 2024

A powerful order and inventory management system can track inventory levels in real time, help identify short and long-term trends, automate critical re-order points, optimize order size and cadence , generate customized reports and so, so much more. In general, start with the method that offers the best use of available data.

eCommerce 87

eCommerce Inventory Reduction Operations Modeling Software 87

Ship Monk

JUNE 16, 2022

When eCommerce businesses or fulfillment centers use the term “slotting,” they’re referring to a method of organizing inventory in a warehouse to optimize fulfillment operations. Advantages of Inventory Slotting. Common Warehouse Slotting Strategies. There are many strategies for slotting products in a warehouse.

Cost Reduction 52

Cost Reduction Inventory Reduction Resource Reduction eCommerce 52

Locus

MARCH 13, 2024

Here is a simplified outline of the typical stages a retail package goes through: Order Confirmation Inventory Allocation Order Picking and Packing Shipping and Handling Out for Delivery Delivery Confirmation Retailers must be vigilant at each of these stages to prevent delays and errors that could impact customer satisfaction.

How To 52

How To Cost Reduction Vendor Strategies Inventory Reduction 52

Locus

MARCH 4, 2024

By integrating TMS into their operations, retailers can not only improve efficiency but also drive innovation and make data-informed decisions that enhance their overall supply chain strategy. Book a demo to know more! This is what retailers thought. However, as time passed, new challenges surfaced.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Cost Reduction Expense Reduction 52