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6 Inventory Control Techniques for Stock Optimization

EazyStock

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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Route Planning vs. Route Optimization: What’s the Difference?

WorkWave

This is doubly true when the term “route optimization” comes into the equation. So what do you need to know when it comes to the difference between route planning and route optimization? What Makes Route Optimization Different? Route optimization helps you to excel by formulating delivery routes based on more than just distance.

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Route Planning vs. Route Optimization: What’s the Difference?

WorkWave

This is doubly true when the term “route optimization” comes into the equation. So what do you need to know when it comes to the difference between route planning and route optimization? What Makes Route Optimization Different? Route optimization helps you to excel by formulating delivery routes based on more than just distance.

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What Is CX Automation: The Value of Combined Tech

RPA Labs

Although Although its definition isn’t in any mainstream dictionary, CX refers to all interactions that impact a customer’s perception of a business. Automation is an incredible tool in the fast-paced industry of freight. talk to an expert at RPA Labs by scheduling a demo today. What Is Customer Experience Automation?

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The Golden Route: Perfecting Diwali Deliveries This Festive Season

Locus

That’s where sophisticated route planning tools come to the rescue. Optimal route suggestions not only save on costs but also trim down fuel usage, making a dent in our carbon footprint. If an electric vehicle is optimal within a 20-mile radius and has charging points en-route, the software plots accordingly.

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Shippers & Carriers – Carbon Neutral Shipping no longer a choice 

Locus

Read Also: Definitive Guide to Carbon Neutral Shipping The Need for Carbon Neutral Shipping The increasing demand for faster delivery places pressure on shippers and carriers to deliver promptly or risk losing their customer base. Many providers, like Locus, offer sophisticated routing tools powered by machine learning. (i)

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. Use inventory management tools, such as the economic order quantity formula , to help you figure out how much of each item to order, and how often, to reduce setup costs and holding costs.