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. Inventory Replenishment Strategies to Boost Profitability. This blog was initially published Aug 2015.

Effective Stock Replenishment: Why you need it & how to achieve it

EazyStock

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Effective stock replenishment. How does the stock replenishment process work? Stock replenishment methods along the supply chain.

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

Blog Demand Forecasting Inventory Optimization Purchasing & ReplenishmentIf you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ).

ERP inventory management – how advanced is your ERP?

EazyStock

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 ? What is ERP inventory management?

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How to Improve Inventory Turnover with Inventory Optimization

EazyStock

In these situations you have to think smartly and weigh the costs against each other for replenishment. Blog Demand Forecasting Inventory Optimization Purchasing & ReplenishmentHow to Increase Inventory Turnover with Inventory Optimization.

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. Fine-tune your stock replenishment strategies.

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. Blog Inventory Optimization Purchasing & ReplenishmentWhat is ABC Analysis?

8 Signs You Need Inventory Planning Software

EazyStock

But unfortunately for inventory management teams, ERPs often lack functionality when it comes to more sophisticated inventory planning and replenishment requirements. Read our blog post on how to calculate your demand forecasting accuracy for further information.

How To Improve Stock Availability

EazyStock

In this three-part blog series we’re looking at three of the most common inventory management issues faced by stock holding companies. Read our blog on demand forecasting or download our whitepaper for more information. Review your Stock Replenishment Rules.

5 Inventory Reduction Strategies to Drive Cost Savings

EazyStock

We’ve written numerous blog posts on ways to reduce excess and obsolete inventory and lower inventory carrying costs. Blog Demand Forecasting Inventory Optimization Purchasing & Replenishment

Inventory Carrying Costs & How They Impact Profitability

EazyStock

In this blog, we’ll take the four types of carrying costs in turn and understand their real impact on your bottom line. Blog Purchasing & ReplenishmentMaintaining cost-effective inventory levels is critical for any manufacturer, wholesaler, supplier or retailer. But just how much inventory is the right amount to hold? How can you ensure you have enough to cover fluctuating demand without over-stocking?

How to Manage Obsolete Stock in Your Inventory

EazyStock

Companies that have not accurately forecasted a decline in demand or effectively reduced their stock replenishment policies often times are left with large quantities of obsolete stock in their warehouses. To avoid carrying excess and obsolete stock, you need to ensure your demand forecasting, stocking policies and replenishment processes are fully optimized. Blog Demand forecasting Inventory management Purchasing & replenishmentWhat is Obsolete Stock?

13 Amazing Logistics & Supply Chain Mobile Applications

EazyStock

In this blog, the team at EazyStock will be showing you the most exciting logistics and supply chain mobile applications that will make your job even easier. With easy API integrations with any Enterprise Resource Planning (ERP) tool, inventory managers can automate procurement and replenishment processes that historically were guesswork cutting into profit margins. *This post was originally published June 2015; it was updated September 2018*.

Calculating Forecast Accuracy & Forecast Error

EazyStock

Blog Demand Forecasting Inventory Optimization Purchasing & ReplenishmentThe Importance of Demand Forecasting Accuracy. In supply chain management it’s important to be able to measure the accuracy of your demand forecasts. Inaccurate demand forecasting can lead to the accumulation of excess stock or the reverse: issues with product availability. Both are unwelcome problems for inventory planners!

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EazyStock vs your ERP: Who wins the inventory management battle?

EazyStock

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. You will get notified when you need to replenish, have outliers, or run the risk of a stock out. Blog Demand forecasting Inventory management Purchasing & replenishment Technology?. One of the most common questions we receive is “We already have an ERP inventory module.

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4 Reasons for Carrying Safety Stock Inventory

EazyStock

Perhaps you have a consistent demand for a certain item but one month you sell more than you forecasted; with safety stock inventory in place, you don’t sacrifice your customer service level while you replenish. Blog Inventory management Purchasing & replenishment

4 Reasons for Carrying Safety Stock Inventory

EazyStock

Perhaps you have a consistent demand for a certain item but one month you sell more than you forecasted; with safety stock inventory in place, you don’t sacrifice your customer service level while you replenish. Blog Inventory management Purchasing & replenishment

High Inventory Levels: Overcoming the Challenge

EazyStock

Plus, by placing larger orders for inventory replenishment, the price per unit will decrease and you spend a smaller percentage on delivery costs, in comparison to higher delivery costs for small or urgent orders. Already, flexible solutions such as just-in-time production and urban logistics concepts achieve a new level of supply replenishment. Blog Inventory management Purchasing & replenishmentHigh Inventory Levels: A Problem for Everyone.

Why Ignoring Automated Inventory Management is Killing your Supply Chain

EazyStock

Blog Inventory management Purchasing & replenishmentYou’ve heard about robots in the warehouse and self-driving trucks, but automation is taking over even more areas in the supply chain. The most surprising? Inventory management. Automated inventory management is nothing new to huge, enterprise-sized companies.

How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

Blog Demand forecasting Inventory management Purchasing & replenishmentIf you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Are You Shipping Air? Meet Minimum Order Requirement with Order Fill-up

EazyStock

Blog Demand forecasting Purchasing & replenishmentYou know the challenge. You’re pulling together an order of item ‘A’ to a supplier and you realize that you are below the minimum requirement for order value, volume or weight for your supplier to fulfill that order. So what do you do?

Improve Forecasting Accuracy: How to Manage Demand Outliers

EazyStock

Blog Demand forecasting Inventory management Purchasing & replenishmentWhat is Forecasting Accuracy? Forecasting accuracy is the process of calculating the accuracy of your inventory demand forecasts by comparing the original forecast with the actual demand for those items. Forecasting accuracy can be affected by ‘outliers’ or ‘fliers’ in the data. An outlier is a data point that is not considered to be part of the overall pattern of demand for a product.

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The Inventory Planners Guide to Managing Product Life Cycle

EazyStock

Every manufacturer and distributor of after market parts needs to have a pulse on the different stages of their product life cycle to ensure inventory levels are being accurately forecasted and replenishment reorder points are in alignment with customer demand. Reduced safety stock levels: Product reorder or replenishment levels for the safety stock levels should also be reduced in accordance with the slowing of demand.

How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

Blog Demand forecasting Inventory management Purchasing & replenishmentIf you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

4 Ways Big Data is Changing Inventory Management

EazyStock

Blog Demand forecasting Industry news Inventory management Purchasing & replenishment TechnologyBig data is a term used to describe a massive volume of both structured and unstructured data that’s too large to be processed using traditional database and software techniques. In most enterprise scenarios, the volume of data is too big, moves too fast and exceeds processing capacity of existing applications.

EazyStock’s Connector to Microsoft Dynamics 365 Business Central is live on AppSource 

EazyStock

EazyStock, a leading ERP add-on for inventory management and replenishment, has recently launched its pre-built connector for Microsoft Dynamics 365 Business Central. They also save time , gain better insights and make better replenishment decisions. .

[WHITE PAPER] How Enterprise Shippers Can Respond to and Mitigate Tender Rejections

FreightWaves SONAR

They must manage replenishment, returns, supplier contracts and much more. Freight Market Blog White Papers tender rejectionsEnterprise shippers have plenty of responsibilities when it comes to freight management.

Enterprise Freight Management: 7 Last-Minute Thoughts to Boost Efficiency

FreightWaves SONAR

Recognize market volatility trends and their impact on replenishment lead time Another beneficial action to boost efficiency with freight management comes from the recognition of market volatility trends. Freight Market Blog

Supply Chain Management:ROP using APO CTM - Infosys Blogs

Infosys Supply Chain Management

View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. The critical products have some typical characteristics that can be used as guidelines to identify them: long replenishment lead times, usage in multiple Upper Level parts and A-Class products [based on ABC Classification that I had discussed in my earlier blog]. Blog Roll. Business Assurance: Supply Chain Blogs.

What Are White Glove Services in Transportation Management?

GlobalTranz

Inventory replenishment for businesses that need delivery in combination with restocking or setup of new fixtures for such inventory. Blog Final Mile Transportation ManagementIn logistics, not all shipments are equal.

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.

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

FreightWaves SONAR

It’s a continuous process that helps individual shippers learn when to boost replenishment. Freight Market Blog trucking dataData for data’s sake lacks value, especially in the view of the supply chain. And across the market, submitted data becomes rapidly outdated.

How to Use Data to Improve On-Time Shipping Performance

FreightWaves SONAR

Extend replenishment lead-time. Shippers should also consider extending the lead time for replenishment. Freight Market Blog On-Time Shipping PerformanceHow often does your organization think about the real impact of on-time shipping performance?

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Coronavirus Series – Inventory Management Challenges & Solutions

EazyStock

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.

8 Maritime shipping challenges affecting enterprise shippers

FreightWaves SONAR

In turn, they can plan replenishment orders better, avoid unexpected delays in replenishment and avoid stock-outs, while still maintaining control over OTR transportation. . Freight Market Blog maritime shippingPhoto: Jim Allen/FreightWaves.