EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. So we thought we’d focus on the lesser known topic of ‘stock optimization’ – this is an inventory control technique that’s becoming more popular with inventory managers to improve the efficiency of their supply chain. What is stock optimization?

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EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. This post will explain how, but first, let’s deal with a few simple definitions. The Importance of Improving your Inventory Turnover.

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Locus

MARCH 27, 2024

Additionally, optimizing the logistics of returns by strategically planning routes and fully utilizing vehicle space can significantly reduce operational expenses. Moreover, omnichannel retailing offers retailers the golden opportunity to optimize their inventory management. This is where the magic of optimal routing comes into play.

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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.

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EazyStock

MAY 11, 2021

But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition. We’re going to use Frank’s Fasteners business as the example: 1. For example, it makes sense to treat AX items (that are valuable and have a constant demand) differently than AZ items (with erratic demand).

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Ship Monk

SEPTEMBER 19, 2022

Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. Talk to your 3PL fulfillment provider, or warehouse manager to see if they are doing everything possible (like optimized slotting ) to reduce picking and packing costs. So what exactly is holding cost?

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Locus

MAY 25, 2022

Take last-mile deliveries for example. Consistently failIng to do so means definitely losing their confidence, which reduces your revenue, and a decline in profitability. Example: An operation manager manages order fulfillment for two different delivery zones — Zone A and Zone B. Try a demo with Locus now!

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