EazyStock

DECEMBER 13, 2021

Many inventory management teams are looking for ways to avoid stockouts, as they can cause problems across the entire organization. However, there are steps you can take to improve your inventory management processes and be better prepared to prevent regular stock availability crises in your business. Demand forecasts. Lead times.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

EazyStock

MAY 11, 2021

If 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 ). 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.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

JANUARY 4, 2021

Inventory management is crucial to ensuring businesses have agile and efficient supply chain operations. However, having control over every inventory item often ends up being a time-consuming and frustrating endeavor for most inventory teams, as they rarely have the right tools in place to get the job done well.

Inventory Reduction 52

Inventory Reduction ERP Inventory Optimization Software 52

FreightWaves SONAR

JUNE 1, 2021

Maybe that’s not exactly true – there are also issues related to the semiconductor shortage, such as record used vehicle prices, consumers buying early in order to get their desired vehicles, and vows to ditch just-in-time inventory management. Request a SONAR Demo. Request a SONAR SCI Demo.

White Paper 52

White Paper Negotiate Pricing Negotiating Skills Data 52

Logistics Viewpoints

SEPTEMBER 25, 2023

At last year’s CloudWorld, Oracle presented their vision for transforming the healthcare industry by applying AI to vast amounts of anonymized patient record data. the supply chain realm, Oracle added some healthcare functionality that allows for using a mobile device to better track inventory statuses. Uber has an ecosystem.

Supply Chain Software 131

Supply Chain Software Food and Agriculture Logistics Network Optimization Software Inventory Reduction 131

Ship Monk

MARCH 21, 2024

Customer relationship management systems collect and centralize all the important data about a business’ customers (and potential customers). This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

Optimization Software 94

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 94

EazyStock

JUNE 18, 2019

If 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.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

EazyStock

JUNE 18, 2019

If 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.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

FreightWaves SONAR

DECEMBER 3, 2020

Analytics-driven processes to reduce excess inventory. Yet analytics-driven processes can reduce excess inventory. For example, just-in-time fulfillment models, drop-shipping, and cross-docking avoid wasted space. And they keep inventory levels lean. Collaboration means parties must share data in real-time.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 76

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. Inventory management and AI.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

FreightWaves SONAR

NOVEMBER 19, 2020

According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.

Supply Chain Software 105

Supply Chain Software Supply Chains Scenario Planning Sourcing Strategies 105

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. They will aim to have enough stock to avoid stockouts, but not so much that they end up with obsolete stock or high inventory values. Why is demand planning important?

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. They will aim to have enough stock to avoid stockouts, but not so much that they end up with obsolete stock or high inventory values. Gather internal and external data.

Supply Chain Planning Software 52

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

RPA Labs

NOVEMBER 30, 2021

Automated processes such as data tracking, report generation, and real-time monitoring make it easier to ensure the best rates get used with every order or contract agreement. ?Improved Monitoring throughput with automation continues as a prime example of a good RPA logistics use case that directly impacts and improves network productivity.

Supply Chain Software 85

Supply Chain Software Logistics Network Optimization Software Optimization Software Inventory Reduction 85

Freightos

JANUARY 15, 2024

For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year.

Negotiating Skills 114

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 114

RPA Labs

JANUARY 27, 2022

Today, companies can use all sorts of technological tools to create more data-driven processing that puts time back in the pockets of freight moving America. . For example, it’s possible to pull dates, prices and other data from scanned invoices to be easily copied and pasted into a system with an OCR.

Automation 74

Automation Logistics Network Optimization Software Document Data 74

Ship Monk

NOVEMBER 21, 2022

Ideally, calculating the reorder point for each SKU will ensure that you always have enough inventory on hand to meet demand, while minimizing inventory costs. Safety stock is like an emergency fund; it’s extra inventory you keep on hand to fill orders during an unexpected surge in demand or a supply chain delay. Safety Stock =.

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

Conger

JULY 22, 2021

Keeping track of inventory. For example, these systems can handle tasks ranging from: Receiving goods. Managing inventory. For example, a Shopify storefront is an eCommerce platform. A Shopify storefront is an example of an eCommerce platform. Take our Shopify example again. Better Inventory Management.

Supply Chain Design Software 52

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

EazyStock

MARCH 14, 2023

Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention. Eliminate unnecessary inventory costs and reduce inventory values All companies have different conditions (and challenges), and there’s no one-size-fits-all solution.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

FreightWaves SONAR

JANUARY 4, 2021

As reported by Inbound Logistics , “Shippers who unload efficiently and quickly without depending on driver involvement help carriers avoid poor trailer utilization or excessive trailer inventories.” The best examples of shippers of choice provide services along several trucking routes. Request a SONAR Demo.

Tips 111

Tips Security Capacity Supply Chain Software 111

EazyStock

MAY 20, 2022

We’ll also look at some current and emerging technologies, and how they can enhance your inventory planning and optimization strategies. The most resilient supply chains use systems that can process big data and provide advanced analytics and real-time insights. Warehouse management systems (WMS). Collaborative mobile robots.

Supply Chain Software 52

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Optimization Software 52

EazyStock

NOVEMBER 19, 2021

If you carry too much inventory, you risk tying-up much needed working capital. Safety stock is defined as inventory that is carried to prevent stock-outs caused by fluctuating customer demand, forecast inaccuracies or variability in supplier lead times. Let’s introduce Mary’s Plumbing Warehouse as an example.

How To 52

How To Inventory Reduction Inventory Optimization Modeling 52

Ship Monk

JULY 27, 2022

For an eCommerce business owner, the answer is obvious: How the heck do I get a handle on my inventory management ?! 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

FreightWaves SONAR

NOVEMBER 20, 2020

As an example, Supply Chain Dive states, “Minimizing the number of claims for overages, shortages and damages (OS&Ds) as a percentage of deliveries,” is one way to manage operations and track performance better. While following OS&D helps, it’s only a fraction of the true value of data-driven supply chain management.

Supply Chain Design Software 66

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 66

FreightWaves SONAR

APRIL 29, 2021

Using SONAR data in contract negotiations with carriers and 3PLs. . Higher inventory levels. Inventory that is closer to consumers. In addition, SONAR data could be used by retailers for strategic and longer-term decision-making, such as deciding where to locate warehouses and fulfillment centers. . Retail use case No.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

FreightWaves SONAR

MARCH 4, 2021

Every shipping mode and method can benefit from access to accurate, real-time freight data. For instance, consider these top uses of data and calculators within existing systems: Trucking metrics can benefit from clear data highlighting key areas of profit and loss within the fleet. Promote collaboration within the network.

Supply Chain Planning Software 130

Supply Chain Planning Software Freight Optimization Software Resource Reduction 130

EazyStock

APRIL 20, 2020

Our developers are working hard every day to make sure EazyStock is living up to your high expectations for advanced inventory optimization. A planned event is when your customer has a planned event where the future demand is known; for example scheduled repairs and maintenance. Components Forecasting via Bill of Materials (BOM).

Production 52

Production Supply Chain Planning Software Events Inventory Reduction 52

FreightWaves SONAR

DECEMBER 21, 2020

The retail sales trends data can be broken out into categories for a more granular understanding of performance in various retail sectors. Example: Retail sales for food and beverages (RESLG.FBEV) compared to reefer capacity (ROTRI.USA). Click the button below to g et a demo of SONAR to see what the platform can do for you.

Trends 98

Trends Freight Demo Purchasing Skills 98

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. In 2022, inflation rates peaked at 9.1%

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

EazyStock

JUNE 21, 2022

Cloud computing, often referred to as ‘the cloud’, is simply the process of running programs and storing data over the internet rather than using a local or personal server. There could be multiple reasons for this reluctance to move data over to the cloud. The transition to cloud solutions in supply chain management.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 52

Ship Monk

MAY 19, 2022

Out of stock means there is no inventory currently available for a product and the manufacturer does not have a planned date for resupply. Sometimes the vendor can give projections of when the item will be back in stock and shipped, for example: “Won’t Ship Until July,” “Won’t Ship for 10 Business Days,” etc.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Logistics Network Optimization Software 52

Locus

MARCH 27, 2024

On one hand, they’re battling shrinkage, which includes inventory losses from both operational slip-ups and theft. Moreover, omnichannel retailing offers retailers the golden opportunity to optimize their inventory management. Take XYZ Retail for example, juggling 100 diverse orders ranging from on-demand to next-day deliveries.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

Locus

MAY 25, 2022

Take last-mile deliveries for example. The increasing demand for fast shipping has accelerated the need for brands to bring inventories closer to customers. Use data insights. The obvious answer is data. Data has occupied an inevitable space in the last-mile delivery planning and its strategic implementation.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Talking Logistics

APRIL 20, 2018

project44 Raises $35 Million to Turn Data into True Supply Chain Visibility. A TMS user, for example, can say to the system, “Show me all uncovered loads,” or an inventory manager can ask, “Which stores have less than three days inventory of product X?” You can watch a demo of Coleman in this YouTube video.

Logistics Network Optimization Software 60

Logistics Network Optimization Software Supply Chain Software Logistics Supply Chains 60

Ship Monk

NOVEMBER 14, 2022

vs. 2021 , supply chain and freight issues have resulted in numerous inventory challenges, costs have been challenging to predict, and we have entered (and exited) a technical recession whose reach and effects are still to be fully determined. 2 Analyze Your Past Data and Compare It to Current Trends. Slice of cake. Fruitcake. #2

eCommerce 52

eCommerce Material Savings Inventory Reduction Cost Reduction 52

Ship Monk

FEBRUARY 9, 2024

The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. All of them rely on data, whether you’re using historical data or new findings gathered from consumer research.

eCommerce 84

eCommerce Inventory Reduction Operations Modeling Software 84

247 Customs Broker

NOVEMBER 15, 2018

Each is in motion, defying static representation and quickly making data in enterprise systems stale and useless. These networks generate oceans of constantly shifting data. The result is a sub-optimal supply network, with inventory piling up at some sites, while dissatisfied customers survey empty shelves at others.

Optimal Sourcing 28

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chains 28