Logistics Business Magazine

AUGUST 11, 2020

Many inventory planners are still reliant on basic stock management tools to carry out their challenging roles. Inventory optimisation swaps basic linear inventory calculations for probabilistic formulas, to help account for uncertainty when predicting future events. The first is demand forecasting.

Inventory Reduction 67

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 67

GoShip Blog

DECEMBER 23, 2022

When this happens, many small business owners sell unavailable items on backorder and ship them to the customer after replenishing their inventory. The sudden increase in demand can be because of seasonal events like holidays, extreme weather, or social media trends. Out-of-stock vs backorder.

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Cost Reduction Material Savings 52

EazyStock

OCTOBER 20, 2020

This keeps the data clean and easier to use for forecasting going forward. Look out for such trends in your historical demand data and adjust your forecasts accordingly. Qualitative factors: Add any qualitative forecasting factors into your data, such as sales promotions, competitor activity or external market events.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

EazyStock

JULY 7, 2020

In this blog series we look at how inventory optimization tools , such as EazyStock, can support inventory management teams. Inventory management teams therefore need to ensure they have the best tools and forecasting processes for the job. A good forecasting tool like EazyStock will provide the base demand forecast.

Optimization Software 52

Optimization Software Supply Chain Software Modeling Software Inventory 52

Ship Monk

JULY 27, 2022

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. How often does inventory need to be replenished? 1 Market Research – Market research gathers crucial customer data by means of surveying.

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

EazyStock

NOVEMBER 17, 2022

It is also important to consider qualitative data. In the event of high demand for stock items, there is also a risk of tension between customers and suppliers. Building that communication with suppliers requires reliable data, regular communication, and transparency.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

It is also important to consider qualitative data. In the event of high demand for stock items, there is also a risk of tension between customers and suppliers. Building that communication with suppliers requires reliable data, regular communication, and transparency.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

It is also important to consider qualitative data. In the event of high demand for stock items, there is also a risk of tension between customers and suppliers. Building that communication with suppliers requires reliable data, regular communication, and transparency.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Procurement Solutions Purchasing Skills 52

EazyStock

MARCH 22, 2022

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. Use appropriate historical data. Use qualitative data.

Supply Chain Planning Software 52

Supply Chain Planning Software How To Supply Chain Design Software Supply Chain Software 52

Logistics Business Magazine

OCTOBER 9, 2023

Edward Napier-Fenning, Sales & Marketing Director of leading supply chain software company Balloon , explores five key areas that can boost performance – including route planning, picking, labour management reporting and data entry. Quite suddenly, Artificial Intelligence (AI) is everywhere.

Warehousing 59

Warehousing Sourcing Strategies Supply Chain Planning Software Resource Reduction 59

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

This involves using real-time data and technology to get information about manufacturing processes when and where it is needed, in the form it is needed, to empower smart decisions about business operations. For example, analyzing real-time production data to uncover hidden inefficiencies and implement changes faster.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

Logistics Bureau

NOVEMBER 16, 2020

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020. Data Managers.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

EazyStock

NOVEMBER 21, 2019

Forecasting accuracy can be affected by ‘outliers’ or ‘fliers’ in the data. An outlier is a data point that is not considered to be part of the overall pattern of demand for a product. A demand outlier can either be overly high or overly low compared to other data points in the data series.

Optimization Software 40

Optimization Software How To Inventory Reduction Procurement Solutions 40

EazyStock

OCTOBER 23, 2020

Seasonal demand is defined as a certain time series with repetitive or predictable patterns of demand due to re-occurring seasonal events. With accurate demand forecasts that account for seasonality, you can optimize stock levels and make informed decisions on safety stock levels and replenishment rules. Inventory optimization.

How To 52

How To Optimization Software Inventory Optimization 52

3PL Links

JULY 7, 2023

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48

Logistics Viewpoints

MARCH 4, 2021

Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats. Planners spend their precious time collecting and synthesizing the data to drive insights.

Supply Chain Planning Software 157

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 157

Logistics Viewpoints

MARCH 17, 2022

When my fiance heard about the price, he advised that I find a local hairdresser and set up a frequent-shopper account with them for a few months until the tool is back in stock. We can say things have changed, and the pandemic is not just an anomaly event after all. Data cleansing and data robustness.

Supply Chain Planning Software 166

Supply Chain Planning Software Modeling Software Optimization Software Scenario Planning 166

Logistics Bureau

DECEMBER 19, 2022

Slotting Increases Replenishment Efficiency. If warehouse product slotting increases productivity and efficiency in picking, thereby reducing warehouse costs, it stands to reason that it does the same for replenishment and put-away activities. Productivity improvements in picking, replenishment, and put-away.

Production 92

Production Inventory Reduction Cost Reduction Resource Reduction 92

Infosys Supply Chain Management

JANUARY 18, 2018

However due to Maximo's limited Supply Chain capabilities it was often integrated with an ERP system for even basic supply chain features like Inventory Management, Replenishment, Purchasing, Contracting & Invoicing. When I write this, it is already successfully running in production for 6+ months.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 0

GlobalTranz

JANUARY 4, 2016

In a metaphorical sense, the DSN enables people and data—as well as materials, products and supplies—to travel together across the extended enterprise. Like social networks, such as Facebook and LinkedIn, business networks house incredible amounts of insights and data. Get basics right first.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 91

Blog on Log

AUGUST 19, 2006

Visibility Visibility refers to true understanding of the customer demand, real-time track and trace of inventory at item level, and track and trace of shipments as well as alerting when events deviate from expectations. The cost of this true collaboration is falling dramatically with the advent of new web-based tools.

Supply Chain Planning Software 40

Supply Chain Planning Software Logistics Network Optimization Software Tracking and Tracing Supply Chain Design Software 40

Logistics Viewpoints

SEPTEMBER 9, 2021

They usually have limited planning tools and rely heavily on employees for knowledge management. Digital supply chain planning solutions offer elegant tools to tackle these predicaments rigorously. Add to that the abundance of spreadsheets for individual processes, and it’s not hard to get lost in the chaos.

Supply Chain Planning Software 116

Supply Chain Planning Software Digital Supply Chain Software Logistics Network Optimization Software 116

EazyStock

MARCH 17, 2021

Black Swan Events. A black swan event is an unexpected event with severe consequences, like the Great Recession or the current COVID-19 pandemic. This category is sometimes lumped together with black swan events. You need to determine what your priorities will be in the event of a supply chain disruption.

Supply Chain Planning Software 78

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

Infosys Supply Chain Management

DECEMBER 31, 2012

Cloud & Big Data. News & Events. |. In 2011, I closed my holiday surge prediction posting with a message that the importance of balancing online commerce tools and product offerings with advanced backend fulfillment intelligence processes would prove critical. Business Process Outsourcing. Customer Service. Distribution.

Supply Chain Planning Software 24

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 24

247 Customs Broker

NOVEMBER 30, 2018

” ShipBob also helps to maintain velocity through its data links with Bakblade’s overseas manufacturer and its freight forwarder. Employ Data On Hand, For Better Planning. “They have the same available data that Walmart and Amazon have for themselves.”

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 28

Infosys Supply Chain Management

NOVEMBER 3, 2015

Recently, JDA in his annual event called Focus talked a lot about new IT solutions. In general sense, every retail organization has got certain set of tools and solutions to harmonize its own chain of partners (i.e It includes the store Point of Sales (POS) data and inventory, which are the real inputs to generate forecast numbers.

Supply Chain Planning Software 31

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 31

Camelot 3PL Software

FEBRUARY 1, 2019

It is important to keep the system of record as accurate as possible to ensure inventory quantities are correct so businesses can make strategic decisions for product replenishment and reordering purposes. With Excalibur WMS system tools, the first Physical Inventory Count will be as successful as the 500th count.

Inventory Reduction 40

Inventory Reduction Supply Chain Design Software Expense Reduction Inventory 40

247 Customs Broker

APRIL 5, 2018

. Sheffi starts, for example, with the extreme pressures coming from non-governmental organizations (NGOs), notably Greenpeace, about which one environmentalist says “When Greenpeace reaches for its toolbox, it tends to find only one tool, and that’s a mallet.” Julie Leonard.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 28

247 Customs Broker

APRIL 19, 2018

Using the right tool for the right job has always been a best practice and one of the reasons, we feel, that RFID has never taken off in the DC as exponentially as pundits have been forecasting since 2006. The documentation can be useful historical data for any future endeavor. Julie Leonard.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Supply Chain Design 28

Infosys Supply Chain Management

SEPTEMBER 22, 2011

Cloud & Big Data. News & Events. |. By exchanging information such as inventory levels, forecasting data, and sales trends, companies can reduce cycle times, fulfill orders more quickly, cut out millions of dollars in excess inventory, and improve forecast accuracy and customer service. Business Process Outsourcing.

Supply Chain Planning Software 27

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 27

EazyStock

MARCH 10, 2023

A good inventory management system can provide almost real-time information about inventory levels, including items in stock, available inventory levels, and which items need replenishing. Security: Good cloud providers invest heavily in security measures so they have robust security measures to protect against data breaches and cyberattacks.

Cost Reduction 52

Cost Reduction Inventory Reduction Optimization Software Expense Reduction 52