Ship Monk

FEBRUARY 9, 2024

Demand forecasting is the process of estimating how many units of each product you’ll need to cover demand for a given sales period, without running out of stock or having to take excessive post-holiday markdowns. All of them rely on data, whether you’re using historical data or new findings gathered from consumer research.

eCommerce 85

eCommerce Inventory Reduction Operations Modeling Software 85

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.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

FreightWaves SONAR

DECEMBER 29, 2020

However, the application of such data does not necessarily translate into meaningful improvements within day-to-day operations. Yes, analytics add value, but that value often gets overshadowed by the sheer volume of freight data insights available. And it’s in this space where big data analytics can add the most value.

Data 52

Data Negotiating Skills Transportation Supply Chain Software 52

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. Impacts from Disruptions.

Supply Chain Planning Software 78

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

EazyStock

NOVEMBER 19, 2021

Let’s introduce Mary’s Plumbing Warehouse as an example. For example, Mary may end up with unnecessarily large amounts of capital invested in excess stock of Showerhead C, whereas she could easily run out of Showerhead B. This basic approach is easy to set-up and manage, but often leads to stock imbalances. x 1) = 362.50

How To 52

How To Inventory Reduction Inventory Optimization Modeling 52

FreightWaves SONAR

MARCH 26, 2021

As an example, World Finance reported that Bryan Trucker, Vice President of Corporate Communications at CSX, stated , “CSX became the first U.S. A tactical supply chain relies on data and facts to guide all activities. Request a SONAR Demo. Request a SONAR SCI Demo. Shorter hauls. Apply FreightWaves SONAR IMCSI1.USA

Freight 97

Freight Cost Reduction Demo Tracking and Tracing 97

EazyStock

JUNE 23, 2021

An example of a BOM-dependent forecast would be for the components that make up a fountain pen. An example here could be when stationery items are sold in a writing set, but also sold on their own. Instead, they can use the data to make informed inventory management decisions and refocus their time on managing suppliers and customers.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Inventory Reduction Inventory 52

FreightWaves SONAR

FEBRUARY 25, 2021

It always goes back to using data as a best practice for all aspects of freight management. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation. Download the White Paper.

Supply Chain Software 90

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 90

FreightWaves SONAR

DECEMBER 10, 2020

Predictive analytics is the process of taking the data gathered from everyday operations and converting it ‘into valuable nuggets of insight.’ Part of successfully implementing supply chain predictive analytics is knowing how to wield these tools properly. And that involves understanding them and knowing how they work.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 95

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. ABC Classification Calculation Example. Here is a working illustration of how to divide your inventory using annual consumption value.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

FreightWaves SONAR

JULY 14, 2023

High-frequency data It is a widely accepted truth that data plays an important role in revealing the state of the freight market. Until only a few years ago, using data to make informed decisions in the transportation space had meant extrapolating historical insights to predict probable future conditions. port activity.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Freight Logistics Network Optimization Software 52

FreightWaves SONAR

MARCH 5, 2021

And Beth Carroll of 3PL Magazine further explained that sentiment, “How hard can it be to develop a commission plan? Should] you just figure out if it should be 5% or 6% [without data]?” As an example for these negotiating capabilities, let’s take a look at the following lane, Los Angeles, CA to Dallas, TX.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 98

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. ABC Classification Calculation Example. Here is a working illustration of how to divide your inventory using annual consumption value.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

FreightWaves SONAR

FEBRUARY 2, 2021

Note, however, that the ability to apply data depends on the actionability of information. And national freight indices are helping all freight management segments boost pricing strategies and understand how to better prioritize their operations. Consistent data collection. Near-real-time data. Instantaneous analysis.

Supply Chain Planning Software 52

Supply Chain Planning Software Freight Supply Chain Software Resource Reduction 52

Shipchain

MARCH 13, 2019

Logistics Applications of Blockchain Maintain Data for All Parties. Logistics applications of blockchain all derive from maintaining an incorruptible data resource. For example, initiating a recall is streamlined through blockchain by showing all movements of affected shipments. It also affects reverse logistics.

Supply Chain Planning Software 119

Supply Chain Planning Software Waste Reduction Logistics Network Optimization Software Freight 119

Parade

FEBRUARY 10, 2022

That means that customers using those systems often must use several systems to manage their capacity, potentially forcing them to input data into multiple systems and switching between them to find the best carrier for a load. You can imagine how much information might be missed by a human brain in all that confusion.

Vendor Strategies 78

Vendor Strategies Capacity Price Reduction Networks 78

FreightWaves SONAR

FEBRUARY 25, 2021

It always goes back to using data as a best practice for all aspects of freight management. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation. Download the White Paper.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 52

FreightWaves SONAR

MARCH 15, 2021

Read on to learn what is SONAR SCI’s Lane Acuity Plus, what it tells subscribers who have purchased SONAR SCI, and how the application aids freight market participants by gaining deeper lane by lane insights around freight shipping. . This data has been collected over a 4 year period, broken down into shipper industry cohorts.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Parade

JANUARY 3, 2022

The ability to input this carrier data allows brokers to tailor the loads they show to their carriers. For example, if you’ve got a carrier that says they hate L.A. Parade collects data on all the quotes collected on a load and allows management to go back and look at how often the lowest quote wasn’t used.

Sourcing Strategies 78

Sourcing Strategies Optimal Sourcing Price Reduction Capacity 78

Parade

JANUARY 3, 2022

The ability to input this carrier data allows brokers to tailor the loads they show to their carriers. For example, if you’ve got a carrier that says they hate L.A. Parade collects data on all the quotes collected on a load and allows management to go back and look at how often the lowest quote wasn’t used.

Sourcing Strategies 78

Sourcing Strategies Optimal Sourcing Price Reduction Capacity 78

Conger

JULY 22, 2021

How to choose the right system for you. How to Choose an eCommerce Warehouse Management System. For example, these systems can handle tasks ranging from: Receiving goods. For example, a Shopify storefront is an eCommerce platform. A Shopify storefront is an example of an eCommerce platform. Let’s dive in!

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software eCommerce Logistics Network Optimization Software 52

Ship Monk

JULY 28, 2022

This article will show you the difference between these types of inventory and how to calculate Work in Process inventory. If your eCommerce business makes and sells hats, for example, you purchase raw materials such as fabric, thread, leather, ribbon, etc. How to Calculate Inventory Assets. How to Calculate WIP Inventory.

Inventory 64

Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

EazyStock

OCTOBER 31, 2022

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. Demand planning software can help you analyze data quickly to ensure your data remains relevant.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. Demand planning software can help you analyze data quickly to ensure your data remains relevant.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

Envase Technologies

AUGUST 10, 2021

In this tech talk post, we’re going to explain—in plain english—what Electronic Data Interchange (EDI) is, what it does to help your business, and how you’re probably using it everyday and don’t even know it. There are a lot of places things can go wrong when you rely on people to connect the data dots for you. Here’s why.

Data 52

Data Examples Automation Demo 52

Freightos

JANUARY 25, 2024

Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023. We know how to facilitate bookings.

Logistics Network Optimization Software 111

Logistics Network Optimization Software Optimization Software Digital Buyer Training 111

EazyStock

APRIL 28, 2022

Our article explains how to forecast and deal with fluctuating demand , including using appropriate historical data and how to deal with periods of stockouts. You need to understand where staff shortages will impact your operations and identify how to hire and retain the right staff. Better able to react to disruption.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Optimization Software 52

EazyStock

APRIL 28, 2022

Our article explains how to forecast and deal with fluctuating demand , including using appropriate historical data and how to deal with periods of stockouts. You need to understand where staff shortages will impact your operations and identify how to hire and retain the right staff. Better able to react to disruption.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Optimization Software 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.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

FreightWaves SONAR

NOVEMBER 16, 2020

This week, learn how freight market participants, especially those freight parties who are executing refrigerated shipping moves, rely on SONAR indices that show reefer freight data and activity. Example : ROTVI.ATL was 250 as of August 1. As more data flows into SONAR, the reefer predictive rates grow more accurate.

Refrigeration 106

Refrigeration Capacity Outbound Inbound 106

Logistics Business Magazine

MARCH 30, 2022

For example, it developed packaging systems that can use paper instead of plastic, as well as solutions that can create packaging tailored to the contents to minimise waste. However, the company wanted to go a step further and look for tools able to provide objective data and values.

Packaging 55

Packaging Supply Chain Software Material Savings Logistics Network Optimization Software 55

Ship Monk

JULY 27, 2022

Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! Put simply, demand forecasting uses a variety of data to foresee customer demand and inform major business decisions, from launching new products to finding the perfect 3PL partner. What is Demand Forecasting?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

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. If possible, use real-time data and big data insights to delve deep into each area of your supply chain. Once again, you need real-time, good data to control supply.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

Parade

JANUARY 26, 2021

but there is one reason that is particularly relevant to freight brokers as they think about how to use technology to create an advantage vs. their peers. Let me walk through an example of it, using the software we offer at Parade as a way to do so. An example of input metrics. More examples of input metrics.

Freight 78

Freight Digital Examples Blog 78

Parade

JANUARY 26, 2021

but there is one reason that is particularly relevant to freight brokers as they think about how to use technology to create an advantage vs. their peers. Let me walk through an example of it, using the software we offer at Parade as a way to do so. An example of input metrics. More examples of input metrics.

Freight 78

Freight Digital Examples Blog 78

Parade

AUGUST 5, 2019

For example, if you double the throughput of your best broker reps, you can save yourself on making an additional hire. However, training existing staff on how to use a new technology solution can consume a lot of time. Request a live demo. Therefore, you want a provider who has a comprehensive data privacy and protection plan.

Vendor Strategies 60

Vendor Strategies Cost Reduction Price Reduction Case Study 60

Parade

AUGUST 5, 2019

For example, if you double the throughput of your best broker reps, you can save yourself on making an additional hire. However, training existing staff on how to use a new technology solution can consume a lot of time. Request a live demo. Therefore, you want a provider who has a comprehensive data privacy and protection plan.

Vendor Strategies 60

Vendor Strategies Cost Reduction Price Reduction Case Study 60