EazyStock

MAY 11, 2021

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. In this post we’ll look at 6 inventory control techniques that will specifically show you how to control your stock levels, help you optimize your inventory and maximize profits. Understand your demand.

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Inventory Reduction Optimization Software Optimization Modeling Inventory 98

EazyStock

OCTOBER 23, 2020

With accurate demand forecasts that account for seasonality, you can optimize stock levels and make informed decisions on safety stock levels and replenishment rules. How to forecast for seasonal demand. The post How to Manage Seasonality of Demand to Increase Forecasting Accuracy appeared first on EazyStock.

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How To Optimization Software Inventory Optimization 52

EazyStock

DECEMBER 13, 2021

An inventory optimization tool , such as EazyStock, connects to your existing stock management system and will automate the risk of stockout calculations for you. If you’d like to know more about how EazyStock can support your inventory management processes and help better manage supply chain disruption please request a demo.

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Inventory Supply Chain Planning Software How To Supply Chain Software 52

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.

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EazyStock

JANUARY 14, 2020

But unfortunately for inventory management teams, ERPs often lack functionality when it comes to more sophisticated inventory planning and replenishment requirements. Stock planners are often confronted with telltale signs that they need further automation to improve demand forecasting, optimize stock levels and automate replenishment tasks.

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Optimization Software Procurement Solutions Inventory Reduction Inventory 52

EazyStock

NOVEMBER 21, 2019

Deciding How to Handle Outliers. You can set up the tool so that it either allows you to review the flier alerts and make an informed decision about whether to include or ignore the outlier in the future forecast, or you can simply let the system make the decision automatically for you. Take a look at our guide to better forecasting!

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Optimization Software How To Inventory Reduction Procurement Solutions 40

Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years. More blog posts, e-books, whitepapers, case studies etc.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

LandLink

NOVEMBER 14, 2018

Transportation could be planned for full pallets and truckloads, distribution centers could process work at a predictable pace to meet brick and mortar replenishment needs, and DC facility automation was less intensive and less prone to bottlenecks. In the past a slightly disjointed supply chain got the job done.

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Supply Chain Planning Software Supply Chain Software Optimal Sourcing Digital 48

GlobalTranz

JUNE 2, 2015

Editor’s Note: This is a guest blog post from end-to- end global supply chain services company, Flash Global. This can also help you decide how to manage new items that are new to your business or to your inventory. Instead, you can set up a replenishment plan that works for you and that is going to do all that you need it to.

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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. So far we’ve discussed how to overcome demand forecasting challenges due to Coronavirus. How to identify stock items that are critical to their business. Investing in the Right Inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

EazyStock

JUNE 18, 2019

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. Here is a working illustration of how to divide your inventory using annual consumption value. How to Put your Data to Good Use. What’s the solution?

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Ship Monk

OCTOBER 17, 2023

The key is to be aware of inventory challenges out the gate, and have knowledge on how to overcome them should they occur. Lucky for you, in this blog we’re going to cover both! What more could an ecommerce store wish for this holiday season to totally nail it through Q4? On your side, be sure to keep your ecommerce store up to date.

Inventory Reduction 64

Inventory Reduction Inventory Optimization Software Supply Chain Planning Software 64

3PL Links

JULY 7, 2023

Currently, in addition to EDI, the following are the primary elements of the aforementioned data system: ECR – Efficient Consumer Response; DSD – Direct Store Delivery; CRP – Continuous Replenishment Program; ERS – Evaluated Receipt Settlement; VMI – Vendor Management Inventory. as a definition of value.

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EazyStock

AUGUST 21, 2020

Any organization looking to lower costs across their supply chain and improve profit margins should therefore start by taking a closer look at how to reduce their stock levels. We’ve written numerous blog posts on ways to reduce excess and obsolete inventory and lower inventory carrying costs. Supplier lead time reduction.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

EazyStock

JUNE 18, 2019

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. Here is a working illustration of how to divide your inventory using annual consumption value. How to Put your Data to Good Use. What’s the solution?

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

Blue Grace Logistics

AUGUST 30, 2021

What This Blog Is About: The current status of cold storage and transportation. How to mitigate the risk that this entails? New generation software has simplified the handling of vast amounts of information, and, in the case of the warehouse, WMS applications work as excellent stock control tools.

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Optimization Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 62

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. Businesses that want to survive are transforming – and they’re using technology to do so.

Supply Chain Planning Software 52

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

FreightWaves SONAR

DECEMBER 30, 2020

If an enterprise chose to replenish stock based on outdated projections and supply chain KPIs , carrying costs could go through the proverbial roof. How to leverage data-driven systems to add value Freight management parties should leverage data-driven systems to add value by following these steps: Connect them with API and EDI.

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Supply Chain Planning Software Data Supply Chain Software Transportation 98

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

It may be difficult to decide how to spend a limited budget on new digital technology. A salesperson can automatically replenish stock in the event of shortages by raising a purchase order for stock, or initiate a transfer from another warehouse, or create a job for items to be made. To do this requires access to the right information.

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EazyStock

JANUARY 31, 2022

How to Choose Inventory Management KPIs. 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

Locus

JUNE 2, 2023

of supply chain managers use Excel spreadsheets as a management tool. How to optimize inbound and outbound logistics Businesses optimize inbound and outbound logistics through various methods, many of which are tied to logistics planning, technological integration, process refinement, and supplier relationships.

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Logistics Bureau

OCTOBER 20, 2021

This KPI tells you the number of days your inventory would last without replenishment, before running out. How to Calculate Inventory Days of Supply. If your estimations are lower than actual, it could lead to unnecessary and costly inventory replenishment, and in the case of manufacturing, it could result in overproduction.

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

FreightWaves SONAR

JANUARY 15, 2021

Thus, a predictive freight rating tool will be critical to making the best decisions and lead all other trucking trends. But again, these owner-operators may not know how to strategically plan loads or moves. Of course, time sensitivity, warehouse capacity, and more factors will influence rates.

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Trends Trucking Supply Chain Planning Software Optimization Software 64

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.

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ERP Inventory Reduction Inventory Optimization Software 98

EazyStock

MARCH 17, 2021

In this piece, we’ll take a look at some of the top types of supply chain disruptions, the impacts that they have on your supply chain, how to mitigate whatever risk you can and finally how you can handle supply chain disruptions once they occur and come out on top. Types of Supply Chain Disruptions. settlement.

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

EazyStock

SEPTEMBER 23, 2020

In this post we show you how to measure the accuracy of your forecasts by calculating forecast error and then discuss why it’s important to make this a habit. Inventory optimization software will work in collaboration with an ERP, WMS or inventory management tool to provide additional demand forecasting functionality.

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. Slotting Increases Replenishment Efficiency. Productivity improvements in picking, replenishment, and put-away. So let’s move on and look at how to do it.

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Production Inventory Reduction Cost Reduction Resource Reduction 92

SYSPRO Smarter ERP

FEBRUARY 22, 2024

Here’s how to do it: Label aisles, rows and bins with floor or overhead placards so employees can identify the correct location quickly and easily. You can set up your system to match how your operators physically work. You know immediately when a pallet is removed (a powerful tool for preventing theft).

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Manufacturing Procurement Inventory Reduction Expense Reduction Waste Reduction 116

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. Here’s some ideas on how to make this happen… Supplier Management in a Post COVID-19 Market.

Supply Chain Planning Software 52

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

EazyStock

JUNE 23, 2021

Luckily, inventory optimization tools , such as EazyStock, have the functionality to help. If you’re interested in a demo showing how BOM functionality works in EazyStock – or what other great inventory management features the system can offer, please get in touch. Automated BOM Inventory Management.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Inventory Reduction Inventory 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. So how do you find the balance between the MOQ and the quantity you actually need?

Ordering 52

Ordering Purchasing Skills Inventory Reduction Procurement Solutions 52

GlobalTranz

JANUARY 4, 2016

Instead of being sold a new system, they might just need some guidance on how to solve their pain points by repurposing their existing technologies.”. They might combine in-the-moment demand data with historic trends to predict stock outages before they happen and direct replenishment.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 91

EazyStock

JANUARY 27, 2019

Either they don’t have enough time or human resources to address the challenge or they don’t have the right tools for the job. This dilemma makes it difficult for workers in purchasing or inventory management to decide how to best manage their inventory. Small- and mid-sized businesses (SMBs) often ignore high inventory levels.

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Inventory Reduction Inventory Supply Chain Planning Software Procurement Solutions 45

EazyStock

APRIL 13, 2022

Supply chain strategy planning – if you understand your strategic objectives, you will be able to plan how to balance supply and demand. Accurate demand forecasting is vital to ensure replenishment meets demand and you avoid over or understocking. Efficient operational processes can reduce costs and facilitate smoother fulfillment.

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Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52