EazyStock

APRIL 18, 2023

High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. Consequently, this means that they aren’t spending money, which should trigger demand fall, which should result in costs falling. Higher costs of storage.

Supply Chain Planning Software 52

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

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. AI was once only seen in science fiction.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 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

Locus

MAY 25, 2022

Take last-mile deliveries for example. Source: statista.com. But today, nothing can be more heartbreaking to a customer than a business breaking its delivery promise on their prized purchases. It gives them an experience of the product before purchasing. Use data insights. The obvious answer is data.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. Choose and implement demand planning software While you can do demand planning manually, managing data in multiple spreadsheets makes it harder to analyze and bring together usefully.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. While you can do demand planning manually, managing data in multiple spreadsheets makes it harder to analyze and bring together usefully. Gather internal and external data.

Supply Chain Planning Software 52

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

Conger

JULY 22, 2021

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. Take our Shopify example again. You can track data about the latest orders, shipments, or any other activity on your inventory.

Supply Chain Design Software 52

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

DECEMBER 21, 2020

Census Bureau and is an estimate that tracks purchases of durable and non-durable goods at the consumer level. The retail sales trends data can be broken out into categories for a more granular understanding of performance in various retail sectors. Keep ahead of the freight market by purchasing & using SONAR.

Trends 98

Trends Freight Demo Purchasing Skills 98

EazyStock

OCTOBER 20, 2020

The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. Inventory classification, such as.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

FreightWaves SONAR

MARCH 12, 2021

If the sales rep doesn’t get hung up on after saying no, their experience will allow them to explain the importance of a brokerage being able to leverage carrier assets, bring more supply to shippers, along with cost savings. The SONAR Operating Ratio index (OPRAT) provides the total operating costs divided by the operating revenue.

Purchasing Skills 90

Purchasing Skills Modeling Software Procurement Analytics After-sales 90

EazyStock

DECEMBER 13, 2020

Maybe you need to diversify your supplier network to cover any supplier closures or increased logistical/delivery costs. Maybe you need to minimize your excess stock to free up working capital to cover incoming costs. For example, did you take out a loan through the Paycheck Protection Program ?

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 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 105

Refrigeration Capacity Outbound Inbound 105

EazyStock

JUNE 21, 2022

Predictable business cycles and stable demand allowed supply chain professionals to focus less on solving challenges and more on cost reductions. 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.

Supply Chain Planning Software 52

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

FreightWaves SONAR

FEBRUARY 8, 2021

When freight market participants are able to get a leading indicator instead of historical data, they are able to proactively plan for assets needed, capacity, and the potential price of freight for drayage and surface transportation moves that head to inland markets after ocean shipments go from the port to roads.

Outbound 98

Outbound Procurement Analytics Demo Freight 98

EazyStock

MAY 11, 2021

We’re going to use Frank’s Fasteners business as the example: 1. Use this formula to calculate the annual consumption value of each item: Annual number of units sold (per item) x cost per unit. Determine the thresholds for splitting the data into A, B and C categories. How to Put your Data to Good Use.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

Shipchain

APRIL 2, 2019

Decentralized Data Ensures Compliance and Universal Application of Electronic Devices. The power of blockchain lies in a decentralized data core. For example, blockchain can leverage ELD data to refine the estimated time of arrival for deliveries, reports Finextra.

Manufacturing Procurement 49

Manufacturing Procurement Supply Chain Design Software Procurement Solutions Supply Chain Software 49

Locus

FEBRUARY 27, 2023

Before that, he wanted to purchase a pair of shoes from a nearby store. Time to value is the time customers spend to derive value from the purchased product. This time between purchasing the shoes and deriving value from them is what we call business as the time to value. But we are not going to talk about it now.

Optimization Software 52

Optimization Software Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills 52

EazyStock

JUNE 18, 2019

ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. Use this formula to calculate the annual consumption value of each item: Annual number of units sold (per item) x cost per unit. Determine the thresholds for splitting the data into A, B and C categories.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

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

EazyStock

JUNE 18, 2019

ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. Use this formula to calculate the annual consumption value of each item: Annual number of units sold (per item) x cost per unit. Determine the thresholds for splitting the data into A, B and C categories.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

EazyStock

DECEMBER 13, 2021

For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. A basic risk of stockout spreadsheet can be easily set up using the following data: Current stock items, items on order and in transit. Ensuring your Data is Accurate and Up-to-Date. Demand forecasts. Lead times.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

EazyStock

MARCH 9, 2021

See an example of ABC analysis in action here. For example, you may want to focus on improving the service levels of your A class products, over your Bs and Cs by increasing your safety stock levels. Especially if the classification is done based on ‘gut feel’ and not hard data. Value of annual usage – sales volume × unit cost.

Analysis 83

Analysis Inventory Optimization Software Procurement Solutions 83

EazyStock

JANUARY 4, 2021

EazyStock is a cloud-based inventory optimization solution that integrates directly with your existing ERP to automatically feed data back and forth. Taking a daily feed of point of sale data, current stock levels and stock-on-order, EazyStock then begins to crunch the numbers. Improved Inventory Management for Acumatica Users.

Inventory Reduction 52

Inventory Reduction ERP Inventory Optimization Software 52

GlobalTranz

APRIL 6, 2016

Transportation management system benefits are derived from the following driving forces: The cloud is making the initial investment in a TMS minimal, especially when compared to the typical initial cost of a TMS historically. Yet, more consumers are getting online and finding their purchases around the globe. Cloud Storage.

Supply Chain Design Software 50

Supply Chain Design Software Supply Chain Planning Software Modeling Software Transportation 50

Conger

FEBRUARY 5, 2024

And then there’s consideration of cost and manufacturer. So, here are some forklift purchasing factors to check out as you go to buy a forklift, especially buying a forklift for the first time: 1. Research, Forklift Type Selection When you purchase a forklift, you must know what you want and your operation’s requirements.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Purchasing Skills Negotiating Skills 52

Ship Monk

MAY 19, 2022

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. orders with a backorder purchase), pickers and packers in a warehouse need to be aware of what is and isn’t going in the shipment.

Supply Chain Planning Software 52

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

FreightWaves SONAR

NOVEMBER 30, 2020

For example, if there were 700 intermodal shipping containers moved between City A and City B in the past week, that lane shows a total ORAIL value of 100. It gives SONAR users visibility to daily changes in the intermodal market and is broken down in detailed granularity not found in other data sources.

Purchasing Skills 59

Purchasing Skills Negotiating Skills Sourcing Strategies Freight 59

Ship Monk

NOVEMBER 30, 2023

Marketing metrics can help you see what channels and what types of messages bring in the best types of visitors.

Procurement Analytics 64

Procurement Analytics eCommerce Procurement Solutions Manufacturing Procurement 64

EazyStock

MARCH 17, 2021

Customers will flock to stores and websites to purchase gifts and holiday décor. Especially for companies sourcing goods from China, Chinese (or Lunar) New Year marks a 2-week (and often longer) holiday for Chinese manufacturers. One of the most obvious changes is demand, especially for retailers. Cyber Attacks.

Supply Chain Planning Software 78

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

EazyStock

APRIL 13, 2022

Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits. These suit industries where products are either low cost or high revenue – or both. These include cement, steel, paper, commodities and low-cost fashion.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

FreightWaves SONAR

APRIL 27, 2021

In addition to typically saving shippers 10%-15% in freight costs and halving the fuel surcharge, intermodal releases commensurately less greenhouse gas. . What’s also clear from analyzing shipment data is that many of the largest consumer goods shippers have already converted the most obvious applicable shipments to intermodal.

Picking 52

Picking Purchasing Skills Sourcing Strategies Outbound 52

EazyStock

AUGUST 9, 2022

When the cost of raw materials and finished goods starts to soar, it’s critical for wholesalers and distributors to control their operational costs to remain competitive and achieve decent profit margins. An ERP collates data from all other packages to give an overview of the core business operations. Real-time tracking.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52

EazyStock

APRIL 28, 2022

Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Our article explains how to forecast and deal with fluctuating demand , including using appropriate historical data and how to deal with periods of stockouts.

Optimal Sourcing 52

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

EazyStock

APRIL 28, 2022

Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Our article explains how to forecast and deal with fluctuating demand , including using appropriate historical data and how to deal with periods of stockouts.

Optimal Sourcing 52

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

Shipchain

SEPTEMBER 4, 2019

There’s a misconception that public means anyone can access your data, while private indicates an extra level of security. With only one central source of truth, private blockchains are just as vulnerable to attacks as regular servers or databases are. Public blockchains are more secure. But this is false. But that’s not the case.

Supply Chain Planning Software 48

Supply Chain Planning Software Logistics Network Optimization Software Industry Supply Chain Software 48

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