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6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? What is stock optimization? Understand your demand.

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Pneumatic Tires [Definition, Pros/Cons, Applications, Costs]

Conger

A Toyota diesel forklift with pneumatic tires Let’s start with a pneumatic tire definition. Cons of Pneumatic Forklift Tires Here are some of the key disadvantages of pneumatic tires to consider: Not ideal for indoor use: Pneumatic tires may not be optimal for indoor use due to their tendency to bounce, leading to operator discomfort.

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Big Data: The Driving Force of Supply Chains

Morai Logistics

Industry experts believe that supply chains must continue to utilize Big data to improve efficiency, transparency and immediacy. . In 2012, the New York Times published an article entitled “The Age of Big Data”. Experts in the field of supply chain and logistics, consider data to be an asset in optimizing operations.

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

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. But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition. How to Calculate ABC Classification. What’s the solution?

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How to Calculate Safety Stock: Three Different Calculations

EazyStock

By definition, a ‘one size fits all’ approach to calculating safety stock will deliver the right amount of inventory for some items, but too much or too little for others. For products whose demand is more erratic, higher levels of safety stock are required, but how do you calculate the optimal level? x 1) = 362.50

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Advanced analytics meets social good: how Angel Flight West optimizes flight routes for families in need

AIMMS

North Star Alliance , for instance, uses optimization to find optimal locations for its mobile HIV-AIDS clinics in Africa. Most recently, we encountered Angel Flight West , a non-profit organization that is using AIMMS to optimize flight routes for families in need. I gave them the parameters and data.

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Math4Good – From Idea to a Growing Solution Store (First Aid Kit) for Non-Profits

AIMMS

North Star Alliance , for instance, uses optimization to find optimal locations for its mobile HIV-AIDS clinics in Africa. Most recently, we encountered Angel Flight West , a non-profit organization that is using AIMMS to optimize flight routes for families in need. I gave them the parameters and data.