Remove Course Remove Demo Remove How To Remove Replenishment
article thumbnail

What Are Reorder Points and How to Calculate Them

Ship Monk

This article will explain what reorder points are and show you how to calculate them. How to Calculate a Reorder Point. How to Calculate Demand During Lead Time. Average lead time is 30 days, including manufacturing and shipping, and over the course of a year you sell an average of 29 units per day. daily units x 30 avg.

How To 52
article thumbnail

Demand Forecasting 101: Everything eCommerce Businesses Need to Know

Ship Monk

For an eCommerce business owner, the answer is obvious: How the heck do I get a handle on my inventory management ?! We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. How often does inventory need to be replenished? How does that stack up to AOV ?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Data-Driven Transportation Management and Its Role in Driving Stronger Tech Stack ROI

FreightWaves SONAR

If an enterprise chose to replenish stock based on outdated projections and supply chain KPIs , carrying costs could go through the proverbial roof. Of course, that’s another challenge. Request a SONAR Demo. Simultaneously, making decisions based on outdated data can be even more disastrous than doing nothing. Think about it.

article thumbnail

10 Ways for Truckload Providers Lower Detention and Demurrage Risk With Ocean Import Data

FreightWaves SONAR

Improve replenishment planning with access to ocean import data. The best thing for truckload providers is to learn how to recognize when these charges are inevitable and take them into account for total freight spend. Of course, a limited number of ocean servicers compared to truckload providers can make this challenging at best.

Data 59
article thumbnail

[Infographic] The 10 trucking trends among carriers for 2021

FreightWaves SONAR

Of course, time sensitivity, warehouse capacity, and more factors will influence rates. But again, these owner-operators may not know how to strategically plan loads or moves. Request a FreightWaves SONAR demo to get started, or click the button below. Request a SONAR Demo.

Trends 64