EazyStock

OCTOBER 20, 2020

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? 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Logistics Viewpoints

JANUARY 18, 2024

1) Streamlined Data Flow and Process Automation Is all about AI At the heart of effective supply chain automation lies the seamless flow of data across various sources and digital platforms, akin to a well-constructed highway for data. 2) AI-Infused Data Quality Assurance Ok, we built the proverbial highway.

Supply Chain Software 148

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 148

FreightWaves SONAR

SEPTEMBER 29, 2023

The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. For those that make the right applications of freight data, the massive problems created by the pandemic could have been more easily mitigated.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

Logistics Viewpoints

DECEMBER 5, 2023

It is important to have a robust incident response plan in place for your distribution operation in the event of a cybersecurity breach. This plan should outline specific steps to be taken in the event of a breach, including who to contact and how to contain and mitigate the damage. It should also include regular testing and updating.

Supply Chain Planning Software 143

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Vendor Strategies 143

Blue Grace Logistics

APRIL 1, 2024

LLMs fueling data-driven decision-making LLMs have stormed the tech landscape in recent years, and their applications in supply chain management are nothing short of transformative. The answer lies in data. In the ever-evolving world of logistics, data reigns supreme.

Optimal Sourcing 118

Optimal Sourcing Supply Chain Software Optimization Software Supply Chain Planning Software 118

EazyStock

AUGUST 8, 2023

Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. This data then allows it to calculate new order quantities and safety stock levels. The post Inventory planning to reduce Chinese New Year disruption appeared first on EazyStock. and factors in the longer lead time.

Inventory Reduction 52

Inventory Reduction Inventory Resource Reduction Scenario Planning 52

Logistics Viewpoints

MARCH 27, 2024

MODEX 2024, held in Atlanta, Georgia, from March 11 to 14, attracted more than 35,000 attendees and featured over 150 educational sessions, keynote speakers, and networking events. The robots can perform various tasks, such as transporting goods, picking orders, sorting items, and replenishing inventory.

Optimization Software 128

Optimization Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Software 128

Logistics Viewpoints

APRIL 4, 2024

During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. Looking back on that week of straight rain in August, not only were my tips affected, but the data for future forecasts was as well! Being able to do this automatically using AI saves planners so much time and hassle.

Scenario Planning 137

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Logistics Viewpoints

FEBRUARY 14, 2024

Logistics and inventory management rounds out the top four focus areas at 82 percent. Logistics In line with the past several years, inventory management continues to be the top focus area in logistics. In addition to cost savings, having optimized inventory management can help balance cash flow with customer satisfaction.

Supply Chain Planning Software 147

Supply Chain Planning Software Scenario Planning Optimal Sourcing Supply Chain Software 147

Logistics Business Magazine

AUGUST 11, 2020

According to EazyStock, one area where big gains can be made is around inventory management. Many inventory planners are still reliant on basic stock management tools to carry out their challenging roles. Manual inventory management is labour intensive and can often lead to stock imbalances. The first is demand forecasting.

Inventory Reduction 66

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Logistics Viewpoints

FEBRUARY 26, 2024

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

Supply Chain Planning Software 149

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 149

Camelot 3PL Software

JANUARY 14, 2021

But it is possible to reposition inventory to better respond to such events. When inventory has been pre-positioned in readiness for disasters, it can support the third-party organizations that respond and assist communities. It may be impossible to ensure your business or organization is entirely natural disaster-proof.

Inventory 52

Inventory Supply Chain Planning Software How To Procurement Analytics 52

Talking Logistics

OCTOBER 15, 2018

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.

Inventory Reduction 60

Inventory Reduction Inventory Supply Chain Planning Software Logistics Network Optimization Software 60

EazyStock

MARCH 3, 2022

In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items. How to implement JIC inventory management with optimum stock levels. Just in case inventory management doesn’t have to mean inflating stock to really high levels.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

The Logistics of Logistics

AUGUST 14, 2023

He is a frequent speaker at industry events and has contributed to publications including WSJ, Freightwaves, Inbound Logistics, Logistics Management, DC Velocity, Transport Topics, and Bloomberg. He also leads the Sustainability strategy and roadmap at project44. Bart is also a member of the WEF, SCLA, CSCMP and TIA. The Greenscreens.ai

Supply Chain Software 295

Supply Chain Software Supply Chains Logistics Network Optimization Software Price Reduction 295

The Logistics of Logistics

JUNE 14, 2023

When it comes to major issues, industry events, and new developments, TT journalists get the story first and get it right, keeping readers informed about all aspects of the trucking industry and helping them stay ready for what’s to come. Clevenger, currently based in Alexandria, Va., is a native of northwest Ohio.

Supply Chain Planning Software 320

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Logistics 320

Logistics Viewpoints

MARCH 27, 2023

As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. This leads to lower inventory carrying costs and thus better case flow. Demand forecasting should be tightly integrated to an inventory optimization application.

Supply Chain Planning Software 113

Supply Chain Planning Software Scenario Planning Optimal Sourcing Supply Chain Software 113

EazyStock

DECEMBER 8, 2021

Chinese New Year (aka Lunar New Year) might seem like a long way off, but smart inventory managers will be starting to plan for this event very soon. With this data it then calculates new order quantities and safety stock levels. The post Inventory Planning to Reduce Chinese New Year Disruption appeared first on EazyStock.

Inventory Reduction 52

Inventory Reduction Inventory Resource Reduction Scenario Planning 52

Logistics at MPEPS at UPV

MARCH 31, 2019

“Managers tend to overcomplicate the process and the tools, but most of the time the real benefits lay on simplifying the process and getting accurate data about the stock.”. Following an interesting course about Inventory Management, we received this phrase in a conclusion e-mail, that made me think.

Inventory Reduction 40

Inventory Reduction Inventory Optimization Software Course 40

Logistics Viewpoints

MARCH 25, 2021

Your organization’s ability to anticipate disruption, adapt to events, and build resiliency is rooted in how you maintain operational continuity. A wide range of events could prevent your supply chain from operating normally, but not all events have an equal impact. The average cost of a data breach reached $3.86

Supply Chain Planning Software 185

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 185

Logistics Viewpoints

JANUARY 5, 2022

Instead, they are likely to carry higher levels of inventory as a lower cost alternative. The move toward carrying higher levels of inventory will initially increase GDP growth numbers as inventory restocking occurs. Labor Shift – It’s About Want Not Need. It’s time to shift the dialog about labor in logistics.

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 209

MTS Logistics

NOVEMBER 20, 2023

The Internet of Things (IoT) is a new, real-time digitalized system that enables sensing, data collection, and sharing. Inventory Management Collect informative data on usage to make informed decisions based on supply and demand. Fortunately, data from new sensors can aid in monitoring container security. In the U.S.,

Supply Chain Software 90

Supply Chain Software Refrigeration Temperature Logistics Network Optimization Software 90

Logistics Viewpoints

JANUARY 21, 2021

Machine learning (ML) techniques can be applied to provide more accurate transit information and estimated arrival times (ETAs) by analyzing the historical shipment data in your transportation management systems. These can include traffic conditions, port congestion, storms, and holiday closures.

Inventory Reduction 207

Inventory Reduction Supply Chain Planning Software Cost Reduction Resource Reduction 207

Logistics Viewpoints

JANUARY 9, 2023

A multi-enterprise supply chain network provides visibility to upstream and downstream events that can affect a company’s supply chain. As the new events that have occurred are analyzed and a new plan is created, the financial implications can be seen. Visibility to Events. Event Intelligence.

Supply Chain Planning Software 148

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 148

FourKites

DECEMBER 11, 2020

What is inventory carrying cost? Inventory carrying cost, or more simply referred to as “carrying cost,” is the sum of all the costs associated with holding inventory or stock in storage or warehouse. Inventory carrying costs are something that anyone who sells a physical product has to deal with. Inventory Service Cost.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Resource Reduction 52

3PL Links

APRIL 5, 2024

Increasingly quick delivery requirements, fluctuating transportation costs, and unpredictability of outside events are just a few of the supply chain management difficulties businesses confront. Optimize inventory The goal of inventory optimization is to effectively control stock levels by preventing shortages or excesses.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Sourcing Strategies 48

Ship Monk

FEBRUARY 29, 2024

A physical store can also help with inventory and returns in areas that may need logistical support. Distributed Inventory A brick-and-mortar store can serve as a pick-up point, where local customers can pick up online orders. This greatly improves the odds of converting a return into an exchange.

eCommerce 89

eCommerce Inventory Reduction Waste Reduction Cost Reduction 89

MTS Logistics

SEPTEMBER 1, 2023

Building resilient supply chains that can quickly adapt to unexpected events is crucial. Demand Volatility Fluctuations in demand can lead to supply imbalances, either causing shortages or excess inventory. Forecasting accuracy becomes critical to prevent overstocking or stockouts.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 94

Logistics Viewpoints

SEPTEMBER 17, 2019

5G connectivity will shape tomorrow’s fulfillment operations - nullifying latency, extending the cloud's reach, enabling real-time inventory status updates, supporting real-time analytics and more. It will provide at least ten times faster data transfer compared to 4G cellular networks.

Supply Chains 104

Supply Chains Events Inventory Examples 104

Logistics Viewpoints

MAY 3, 2023

Third, what is the impact of real-time data on supply chains? So, when geopolitical events and the pandemic struck, things that you were expecting to happen, didn’t happen. Real-Time Data in the Supply Chain You have to think about the impact of real-time data from the B2C experience that we all know.

Supply Chain Design 100

Supply Chain Design Supply Chains Scenario Planning Procurement Solutions 100

20Cube Logistics

AUGUST 2, 2019

Data is the talk of the town. Data is not only required for smooth functioning but also for better control on the process. Is data really the show stopper? The captured data comes in use to analyse the trends and predict demand. and achieve just in time inventory. . Efficiency lies in improvisation.

Data 40

Data Optimal Sourcing Inventory Reduction Supply Chain Planning Software 40

SYSPRO Smarter ERP

AUGUST 2, 2023

To contend with these pressures, medical device manufacturers crave actionable, real-time, accurate, and reliable data throughout the entire supply chain. Acquiring and consolidating data can be a formidable task, however, especially when data is scattered across different systems and formats.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 98

Logistics Viewpoints

MAY 11, 2023

In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. Inventory management Another area where digital twins can be beneficial is inventory management. come with any of them. Most modern WMS’ provide forecasting and analytics.

Optimization Software 142

Optimization Software Supply Chain Design Software Modeling Software Digital 142

TransAudit

JUNE 27, 2023

The supply chain, an integral part of modern commerce, continues to evolve, learning from the impacts of industry trends and global events over the years. It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution.

Optimal Sourcing 69

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 69

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. The ABCD Analysis entails categorizing products based on their net sales and subsequently measuring the inventory value for each category.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

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. Generative AI is a major topic at all the enterprise events this year. In hospitals inventory tends to be stored in all sorts of nooks and crannies across the facility.

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 97

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 97