EazyStock

JULY 7, 2020

In this blog series we look at how inventory optimization tools , such as EazyStock, can support inventory management teams. Inventory management teams therefore need to ensure they have the best tools and forecasting processes for the job. A good forecasting tool like EazyStock will provide the base demand forecast.

Optimization Software 52

Optimization Software Supply Chain Software Modeling Software Inventory 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

Ship Monk

OCTOBER 17, 2023

Lucky for you, in this blog we’re going to cover both! That means, in terms of past learnings, you can run dependable reports on all aspects of previous performances (successes and shortcomings) so you’re better equipped to make decisions about advanced ordering and replenishment this peak season.

Inventory Reduction 64

Inventory Reduction Inventory Optimization Software Supply Chain Planning Software 64

EazyStock

FEBRUARY 1, 2021

For example: With such different demand patterns, it doesn’t make sense to treat every product the same. In each case the future demand forecasting, replenishment and safety stock calculations need to be treated differently. Accurate eCommerce inventory replenishment. Stock level optimization.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

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]. Automated alerts.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

FreightWaves SONAR

MARCH 2, 2021

With more agility and transparency, based on accurate data-driven choices, implementing essential visibility tools empowers shippers with practical foresight into predicting rate changes in real-time. Although these methods are foundational, they don’t provide the agility of real-time updates that supply chain visibility tools can accomplish.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 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. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers. Increased stock levels to ensure stock availability.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization 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

OCTOBER 23, 2019

The system recalculates all replenishment parameters daily, which means that we detect demand changes much earlier than before. Right now, for example, I’m working on a number of alert reports and forecasts. What other types of automation tools do you use today? At present, EazyStock is the only automated tool we use.

Automation 40

Automation Procurement Solutions Procurement Analytics Material Savings 40

EazyStock

JULY 13, 2020

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. You can then prioritize these items over others; for example, checking demand, stock levels and reviewing lead times more frequently to help ensure availability at all times. Smart Inventory Planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

Running a warehouse as a silo, for example using a spreadsheet, will not help sales when a customer asks for a quote, or the shop floor if they need to know what materials are available for a production run. For example, analyzing real-time production data to uncover hidden inefficiencies and implement changes faster. Download Now.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

EazyStock

AUGUST 21, 2020

We’ve written numerous blog posts on ways to reduce excess and obsolete inventory and lower inventory carrying costs. A tool like EazyStock will prioritize which inventory items to carry, based on multi-dimensional criteria, such as demand types, pick frequency, demand volatility and cost to sell (or profitability).

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

EazyStock

MAY 20, 2020

From creating connected teams using virtual streaming and collaboration tools, to increasing productivity with automation despite smaller workforces, to establishing new routes to market via eCommerce. Here’s some examples of how: Inventory optimization software automates demand forecasting.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 52

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

GoShip Blog

APRIL 14, 2022

Examples of delivery vehicles that’ll likely become mainstream in the nearest future include autonomous trucks and cars, delivery drones, and electric cargo ship vessels. Renewable energy refers to the energy obtained from self-replenishing sources, such as the sun, rain, wind, and geothermal heat. Autonomous Trucks and Cars.

Transportation 40

Transportation Price Reduction Cost Reduction Sourcing Strategies 40

GoShip Blog

APRIL 21, 2022

If executed correctly, subscription commerce is a perfect example of a win-win model for both consumers and businesses. The model also enables you to manage your inventory more effectively since you’ll know the exact materials that need replenishing and the required quantities. Pros of Subscription Commerce. High Customer Retention.

eCommerce 40

eCommerce Modeling Software Purchasing Skills Logistics Network Optimization Software 40

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

EazyStock

MARCH 22, 2022

For example, up-to-date information from your staff, customers, and, of course, industry bodies. For start ups, spreadsheets can be an efficient, low-cost tool. Use this data for your forecast instead of simply using taking the figures from 2020 or 2021 when demand data could be skewed due to the ‘coronavirus effect’.

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. Data Managers.

Supply Chain Planning Software 115

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

EazyStock

JANUARY 21, 2021

EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment. Signs that you need a more advanced tool for inventory management: Here are eight signs that you need to improve Microsoft Dynamics 365’s inventory management capabilities: Inaccurate demand forecasts.

Inventory 52

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

EazyStock

NOVEMBER 21, 2019

For example, sales transactions that result from a flash clearance sale do not represent typical demand for a given period. In the example above, the orange line going forward reflects this decision. Forecasting accuracy can be affected by ‘outliers’ or ‘fliers’ in the data. Deciding How to Handle Outliers.

Optimization Software 40

Optimization Software How To Inventory Reduction Procurement Solutions 40

EazyStock

DECEMBER 13, 2021

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. An inventory optimization tool , such as EazyStock, connects to your existing stock management system and will automate the risk of stockout calculations for you. Start simple by working out your ‘number of stock days’.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

EazyStock

MAY 11, 2021

We’re going to use Frank’s Fasteners business as the example: 1. For example, it makes sense to treat AX items (that are valuable and have a constant demand) differently than AZ items (with erratic demand). Use an inventory optimization tool to automate the process. What’s the solution?

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

NOVEMBER 17, 2020

This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities. To remain competitive they know they need the tools to ensure the right stock is in the right place at the right time. Automated replenishment is critical to ERP inventory management.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

EazyStock

JUNE 18, 2019

ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. For example, it makes sense to treat AX items (that are valuable and have a constant demand) differently than AZ items (with erratic demand). Use an inventory optimization tool to automate the process.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

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

JUNE 18, 2019

ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. For example, it makes sense to treat AX items (that are valuable and have a constant demand) differently than AZ items (with erratic demand). Use an inventory optimization tool to automate the process.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

Freightos

MARCH 3, 2015

For example, it has already taken hold in online B2C transactions – placing orders and tracking delivery among other things. Inventory management and replenishment as well as reverse logistics can now be managed by mobile as well as payments. She tweets at @ cmroberson06 and blogs at Global Supply Chain Insights.

Supply Chain Software 79

Supply Chain Software Supply Chains White Paper Logistics Network Optimization Software 79

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’. EazyStock is an automated inventory optimization tool that helps you have the right stock in the right location and amount at the right time. How it Works in EazyStock.

Ordering 45

Ordering Meeting Procurement Solutions Supply Chain Software 45

EazyStock

SEPTEMBER 23, 2020

For example, is your system interrogating every SKU? Inventory optimization software will work in collaboration with an ERP, WMS or inventory management tool to provide additional demand forecasting functionality. What calculation is it using to forecast error? Is it adjusting stock parameters based on the results?

Supply Chain Planning Software 40

Supply Chain Planning Software Optimization Software Scenario Planning Procurement Solutions 40

Logistics Bureau

DECEMBER 19, 2022

If you browse through the Logistics Bureau blog, you’ll find at least two or three articles—and about the same number of videos—that cover warehouse product slotting. For example, slotting strategies often involve placing the fastest-moving SKUs close to the warehouse dispatch zones, minimising picking operatives’ travel distances and times.

Production 92

Production Inventory Reduction Cost Reduction Resource Reduction 92

SYSPRO Smarter ERP

FEBRUARY 22, 2024

For example, by stacking containers higher you can make use of vertical space, and mobile shelving units can be useful for seasonal products. For example, the old handhelds took 20 to 60 seconds to load a list of lots. You know immediately when a pallet is removed (a powerful tool for preventing theft).

Manufacturing Procurement 116

Manufacturing Procurement Inventory Reduction Expense Reduction Waste Reduction 116

EazyStock

JULY 19, 2019

This blog post will briefly go through the key elements of optimizing your inventory and link to resources that will give you more details of each key concept: Demand forecasting. Replenishment. For example, when the product is first introduced to the market it will not have any historical demand at all. Replenishment.

Optimal Sourcing 55

Optimal Sourcing Optimization Software Inventory Optimization 55

EazyStock

JULY 17, 2020

In our four-part blog series on Coronavirus and its impact on inventory management , so far we’ve looked at how to overcome COVID-19 demand forecasting challenges and improving inventory planning during the pandemic. One such tool is its order scheduling capabilities. Adjusting Replenishment Calculations for Variable Lead Times.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 52

EazyStock

MARCH 1, 2023

You can read more about managing excess stock in our blog post. However, high MOQs can be beneficial because they can reduce administration and ordering costs, since you won’t need to send as many orders. The system then calculates which items to stock and produces daily replenishment recommendations.

Ordering 52

Ordering Purchasing Skills Inventory Reduction Procurement Solutions 52

EazyStock

APRIL 13, 2022

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. Accurate demand forecasting is vital to ensure replenishment meets demand and you avoid over or understocking. Purchasing. Inventory optimization.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52