EazyStock

JUNE 24, 2020

In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning. For example, highlighting unusual dips in demand or longer than expected lead times.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

SYSPRO Smarter ERP

DECEMBER 19, 2022

Inventory optimization is the process of maintaining the right amount of inventory required to meet demand, in the right locations, at the same time reducing inventory-related costs, and avoiding common inventory issues such as stockouts, overstocking, and backorders. Inventory optimization. Challenges of IO and AI.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

FreightWaves SONAR

SEPTEMBER 29, 2023

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.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

EazyStock

JANUARY 4, 2021

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.

Inventory Reduction 52

Inventory Reduction ERP Inventory Optimization Software 52

EazyStock

FEBRUARY 1, 2021

Simply reacting to market change is not enough, because you may have insufficient stock to meet a surge in demand or even miss out on a trend altogether. For example: With such different demand patterns, it doesn’t make sense to treat every product the same. Accurate eCommerce inventory replenishment. This is not true.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

Ship Monk

MAY 5, 2022

Today, we’re going where the rubber meets the road: the actual migration. The length of downtime will be determined by SKU count, complexities such as labeling and packing to meet your new 3PL’s guidelines, and the speed of their receiving process. For example, you might ship 50% of each SKU quantity, or a specific group of products.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction 3PL 52

SYSPRO Smarter ERP

APRIL 26, 2023

Business processes can be automated to improve workflow, and information can flow automatically between different areas of the business — for example, from customer order, to inventory procurement, to production job scheduling, to invoicing and to warehouse shipment. No manual data entry is needed; this means no duplication of work.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing ERP Supply Chain Design Software 98

EazyStock

AUGUST 23, 2019

Using the example above, this would mean that EazyStock would recommend item ‘D’ to be ordered in place of extra items ‘A’, ‘B’, and ‘C’. Meet Minimum Order Requirement with Order Fill-up appeared first on EazyStock. This way, you’re prepared for future orders with stock that you know you will need. The post Are You Shipping Air?

Ordering 45

Ordering Meeting Procurement Solutions Supply Chain Software 45

Talking Logistics

JUNE 25, 2018

Over the past couple of years, we have published many blog posts and produced several video episodes on supply chain digital transformation (see our archives ). also uses the same pool of inventory to replenish stores and fulfill online orders, a departure from Target’s existing supply chain.”.

Supply Chain Transformation 60

Supply Chain Transformation Supply Chain Software Supply Chain Design Software Supply Chain Planning Software 60

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. Inventory management teams have the difficult task of calculating healthy stock levels to meet demand without over- or under-stocking. AI was once only seen in science fiction. Machine learning in warehouses.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Infosys Supply Chain Management

JANUARY 13, 2013

View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. I have presented a very simple example to demonstrate the point that the Reorder Point planning can be achieved with CTM Solver. Islamic Banking. Mobile Banking. Payments Treasury.

Supply Chain Planning Software 26

Supply Chain Planning Software Blog Supply Chain Software Supply Chains 26

GoShip Blog

APRIL 14, 2022

However, as human society evolves, our needs change, and it becomes ineluctable that the transportation industry adapts to meet these new needs. Providing adequate solutions to these problems will ensure that our transportation system is well-adjusted to meet current needs and flexible enough to accommodate future changes.

Transportation 40

Transportation Price Reduction Cost Reduction Sourcing Strategies 40

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Therefore, it is important to measure how well these suppliers meet the expected high level of quality. Return Material Authorizations (RMAs): RMAs measure how many products or deliveries are returned and whether a product meets customer requirements. It is best captured in an ERP system and analyzed digitally.

Manufacturing Procurement 105

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

EazyStock

AUGUST 21, 2020

For businesses that carry non-perishable goods it’s tempting to order and carry surplus stock to help meet market demand and hit order fulfillment targets. We’ve written numerous blog posts on ways to reduce excess and obsolete inventory and lower inventory carrying costs. Top five inventory reduction methods .

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

Logistics Bureau

OCTOBER 20, 2021

As an example of how illuminating the perfect order KPI can be, let’s look briefly at damage-free delivery as an example. For example, if the on-time percentage is 98%, the in full is 93%, the damage-free is 99%, and the orders with correct documentation is 96%, the calculation will look like this…. x 0.96 = 0.8661.

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

EazyStock

FEBRUARY 7, 2020

In this three-part blog series we’re looking at each of these inventory management problems. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. Expanding product portfolios due to business growth and as customers demand more choice.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

APRIL 18, 2023

In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. For example, warehouse costs, insurance and financing. We explain more about this in our blog about how not spending money where it’s needed now could end up costing you more in the long run.

Supply Chain Planning Software 52

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

EazyStock

FEBRUARY 28, 2022

With JIT stock management, companies order products and stock to meet customer demand. The disadvantages of using just-in-time methods include: You may struggle to meet any unexpected surges in demand. For example, more stock takes up warehouse space, increases storage costs and ties up capital that you could use elsewhere.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Supply Chain Software 52

GlobalTranz

DECEMBER 22, 2020

For example, online shopping will grow faster than expected, and consumer behavior may shift in response to ongoing pandemic-related challenges. Rapid shifts in sourcing increased shipping spend and left routing guides useless for meeting demands. However, some market trends that became significant factors in 2020 will likely continue.

Inventory Reduction 62

Inventory Reduction Sourcing Strategies Cost Reduction Freight 62

EazyStock

MARCH 26, 2018

However, in this blog post we will explain in a little more detail why EazyStock is different from your ERP inventory management capabilities and what value it brings to your business. In Microsoft Dynamics NAV for example, you can set values for reorder points and safety stock levels. ” [1]. Target service levels.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

Logistics Bureau

NOVEMBER 6, 2023

For example, could some areas of your warehouse be adapted via racking optimisation to store higher inventory volumes? For example, you could reduce human labour by deploying robotic equipment or other forms of direct automation. It’s always a good idea to review your picking and packing operations, for example.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

FreightWaves SONAR

MARCH 9, 2021

However, the additional benefits of actual tender trucking data via EDI or API are much more significant than meets the eye. 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.

Data 98

Data Reliability Supply Chain Planning Software Trucking 98

EazyStock

JANUARY 31, 2022

Inventory Management KPIs – Examples for Effective Inventory Analysis. There are many formulas for calculating demand accuracy, or demand error, including the Mean Absolute Percent Error (MAPE) and Mean Absolute Deviation (MAD) – see our blog post on calculating forecast error for the specific calculations. Rate of return.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

FreightWaves SONAR

MARCH 2, 2021

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. as of the close of business on March 1, 2021.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 52

Logistics Bureau

DECEMBER 4, 2023

So, rather than get overly prescriptive, I’ll use this blog post to highlight some companies that have achieved success through excellence in inventory management , and outline some of the most effective elements of their strategies. As you can deduce from Amazon’s example, there is no standard for an optimal warehouse layout.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

EazyStock

MAY 24, 2019

They then fall back on trial and error or rule-based approaches to both cycle stock and safety stock inventory such as holding a certain number of weeks of historical average demand – for example, 4 weeks of cycle stock and 2 weeks of safety stock. Safety Stock Levels & the associated effects of variability in the supply chain.

Inventory 53

Inventory Manufacturing Procurement White Paper Replenishment 53

EazyStock

MAY 24, 2019

They then fall back on trial and error or rule-based approaches to both cycle stock and safety stock inventory such as holding a certain number of weeks of historical average demand – for example, 4 weeks of cycle stock and 2 weeks of safety stock. Safety Stock Levels & the associated effects of variability in the supply chain.

Inventory 51

Inventory Manufacturing Procurement White Paper Replenishment 51

EazyStock

MARCH 22, 2022

Damaged customer satisfaction and reputation – if you cannot meet demand, loyal customers could turn to a competitor and not return. Harder to manage supplier lead times – if you cannot give suppliers a good forecast of your annual inventory needs, it will be harder for them to meet your delivery deadlines. Use qualitative data.

Supply Chain Planning Software 52

Supply Chain Planning Software How To Supply Chain Design Software Supply Chain Software 52

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. For example, you can be doing finance in supply chain, or you can be doing operations. APICS, for example, runs some really good supply chain and logistics programmes. Networking.

Supply Chain Planning Software 115

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

Shipchain

JUNE 17, 2019

For example, a food label’s accuracy is limited by the printer and user. Even automatic systems go back to a human-touch at some point, and information can be altered after the fact to meet business needs. Food Supply Chains on Blockchain appeared first on ShipChain Blog. So, what can food supply chains do differently?

Supply Chain Design Software 48

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 48

GlobalTranz

JUNE 8, 2021

Inventory replenishment for businesses that need delivery in combination with restocking or setup of new fixtures for such inventory. Refrigerators, large household appliances, furniture, and expensive electronics are examples. Retail fulfillment for businesses that lack a dock or other traditional means of accepting shipments.

Logistics Network Optimization Software 78

Logistics Network Optimization Software Transportation Reverse logistics Supply Chain Planning Software 78

EazyStock

OCTOBER 23, 2020

Seasonal demand examples in the US include religious festivals such as Christmas or Ramadan, annual events like Valentines Day or Halloween and seasonal weather patterns, including snow in winter and a hot climate in summer; these can all lead to seasonal variances in demand for many products. Inventory optimization.

How To 52

How To Optimization Software Inventory Optimization 52

GlobalTranz

DECEMBER 5, 2017

Although humans are part of the operational flow within the warehouse, robots in logistics do most of the difficult tasks, including replenishing the shelves with products. For example, vision guidance allows machines to work with foods like pizza. Subscribe to her blog to stay up to date on scientific news and follow her on Twitter.

Industry 61

Industry Logistics Network Optimization Software Material Savings Inventory Reduction 61

EazyStock

NOVEMBER 6, 2020

In this blog, we’ll take the four types of carrying costs in turn and understand their real impact on your bottom line. Storage costs will vary dependent on your type of storage; for example if you own your own warehouse, you may have more control over your costs than if you use a Third Party Logistics (3PL) provider. Capital costs.

Inventory Reduction 40

Inventory Reduction Purchasing Skills Optimal Sourcing Cost Reduction 40

Locus

JUNE 23, 2023

It is necessary for warehouse staff to check if items are safely packed and well-protected during transit and meet shipping requirements like weight size or size limits. Complete control over returns management, shipping accuracy, and on-time delivery rates High picking and replenishment costs involved 2.

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Vendor Strategies 52

GlobalTranz

FEBRUARY 2, 2015

Each blog post written is distributed into groups that reach the supply chain community as well as professionals in manufacturing, transportation, distribution, and more. Today’s post is a follow up blog post to the post written a week or so back called “Vendor Managed Inventory Model for Supply Chain Cost Reductions.”

Vendor Strategies 94

Vendor Strategies Inventory Reduction Modeling Software Inventory 94

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