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. A lot goes into calculating total inventory costs , but the main inputs are purchasing (or manufacturing) costs and setup costs. How Can ShipMonk’s 3PL Software Help? So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

EazyStock

MAY 11, 2021

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. But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition. How to Calculate ABC Classification. What’s the solution?

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. When looking to improve inventory turnover, it’s important that inventory planners and purchasers only order items that have a demand in the marketplace.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

EazyStock

JUNE 18, 2019

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. But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. How to Put your Data to Good Use. What’s the solution?

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

EazyStock

JUNE 18, 2019

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. But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. How to Put your Data to Good Use. What’s the solution?

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

EazyStock

OCTOBER 20, 2020

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? For more complex inventory classification, use inventory optimization software , which carries out multi-dimensional item categorization.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Locus

JULY 28, 2022

What is delivery management software ? A delivery management software is a tech tool that automates, streamlines and digitalizes the end-to-end last-mile logistics processes. Planning, managing, optimizing and executing the final-mile logistics operations aren’t possible without delivery management software.

Optimization Software 52

Optimization Software Modeling Software Definition Logistics Network Optimization Software 52