EazyStock

FEBRUARY 7, 2020

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers.

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Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

MAY 11, 2021

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

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Ship Monk

SEPTEMBER 19, 2022

Before you can calculate carrying cost, you’ll need to calculate the following numbers: Opportunity Cost: This is the amount of capital (cash) you have tied up in unsold inventory that could have been invested elsewhere (on more profitable products, for example). How Can ShipMonk’s 3PL Software Help?

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Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

EazyStock

DECEMBER 13, 2021

For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. An inventory optimization tool , such as EazyStock, connects to your existing stock management system and will automate the risk of stockout calculations for you. Start simple by working out your ‘number of stock days’.

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Inventory Supply Chain Planning Software How To Supply Chain Software 52

AIMMS

MARCH 30, 2020

The examples below show you how to do this in AIMMS SC Navigator Apps, but we encourage you to study these scenarios in the tools you have at your disposal. . There is a strategic incentive in understanding the optimal sourcing location for specific customers, and the optimal sourcing location for different resources.

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Supply Chain Design Software Supply Chain Planning Software Scenario Planning Supply Chain Design 62

Ship Monk

MARCH 21, 2024

Content Management Tools Original content, such as blog posts, videos, how-tos, FAQs, testimonials, reviews, and other forms of social proof are great opportunities for your customers to engage with your brand. How to Use CRM to Grow Your Ecommerce Business All those tools are great, but you’re looking for specifics, right?

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Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 97

EazyStock

JUNE 18, 2019

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. ABC Classification Calculation Example. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

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Analysis Inventory Reduction Inventory Procurement Solutions 51

WorkWave

JANUARY 11, 2021

Learn How to Power Wash. For example, restrictions on detergents and cleaning agents, some of which pose health risks, and may be tightly controlled. Your local SEO will include content creation, website optimization, strategic social media management, and more. Attend street markets and fairs with flyers or demos.

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How To Optimization Software Price Reduction Cost Reduction 52

AIMMS

MAY 22, 2018

For example, we don’t know where the next tsunami or hurricane will hit. Let’s consider some examples. Do I know how to quickly find extra capacity, and how to re-allocate demand in a cost optimal manner? Do I know how to quickly find extra capacity, and how to re-allocate demand in a cost optimal manner?

Supply Chain Design Software 86

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 86

EazyStock

JUNE 18, 2019

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. ABC Classification Calculation Example. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

EazyStock

JULY 13, 2020

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. So far we’ve discussed how to overcome demand forecasting challenges due to Coronavirus. How to identify stock items that are critical to their business.

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FreightWaves SONAR

JULY 14, 2023

Words like “revolutionize” and “optimize” tend to get a lot of airtime across the logistics space. In order to make a real difference, however, this motivation to better the industry must be coupled with a deep knowledge of the freight market — including how it works, where it has been and where it is going.

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AIMMS

MAY 22, 2018

For example, we don’t know where the next tsunami or hurricane will hit. Let’s consider some examples. Do I know how to quickly find extra capacity, and how to re-allocate demand in a cost optimal manner? Do I know how to quickly find extra capacity, and how to re-allocate demand in a cost optimal manner?

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Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 73

AIMMS

JUNE 26, 2015

There was a tremendous amount of energy in the office as our R&D and engineering teams worked hand in hand with Höegh and Ab Ovo to develop optimization apps leveraging the new AIMMS Web UI. I sat down with Christian to learn how Höegh is using optimization to transform their operations and to get his impression about the AIMMS hackathon.

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AIMMS

MAY 21, 2018

How can Prescriptive Analytics help? For example, we don’t know where the next tsunami or hurricane will hit. Let’s consider some examples. I’d be happy to show you how it works. Contact us for a demo if you’d like to learn more. But what does this mean when it comes to Supply Chain Network Design?

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Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 62

EazyStock

APRIL 18, 2023

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. Higher costs of storage.

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Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. Most of these methods rely on past sales data, future forecasting, or a combination of the two to help inventory managers predict how much inventory they’ll need. It’s simply how many blankets you sold last year.

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Locus

JUNE 23, 2023

Read Also: How to Improve Net Promoter Score for Your Courier Company What are the processes involved in Order fulfillment? At this stage, businesses check if items are safe and secure and if the inventory levels are accurate and optimized for better space. Read Also: What Is Economic Order Quantity and What Are Its Challenges?

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The Logistics of Logistics

FEBRUARY 11, 2022

How to Improve Exception Management with End-to-End Supply Chain Visibility. Original article: How to Improve Exception Management with End-to-End Supply Chain Visibility. Route optimization – Combine data from multiple shipments and analyze patterns of damage or delays, determine root causes of problems, and optimize future routes.

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EazyStock

OCTOBER 31, 2022

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. For example, market growth potential and the percentage gain of market share over a set period. How can EazyStock help?

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Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. For example, market growth potential and the percentage gain of market share over a set period. How can EazyStock help?

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

FreightWaves SONAR

MARCH 15, 2021

This lane-level intelligence provides insight into specific markets, origin/destination stability and contracted rates to inform both short-term and long-term (annual) trucking RFPs , freight network optimization decisions and more. How to use SONAR SCI’s Lane Acuity Plus to improve freight shipping procurement. Request a SONAR Demo.

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Ship Monk

JULY 27, 2022

Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! Demand forecasting helps you: Optimize inventory Align with your operational strategy Analyze demographic and product trends Surprise and delight customers Protect yourself against financial risks Prepare for peak season.

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Ship Monk

AUGUST 8, 2022

Not only will tracking inventory costs help you prevent stockouts, avoid backorders , and optimize inventory ordering costs, it can also help you quickly identify rising costs that directly impact your bottom line. Examples of Merchandise Inventory. In every example above, inventory was purchased and inventory was sold.

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EazyStock

APRIL 28, 2022

What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization best practice. Benefits of supply chain optimization.

Optimal Sourcing 52

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EazyStock

APRIL 28, 2022

What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization best practice. Benefits of supply chain optimization.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Optimization Software 52

Talking Logistics

MAY 22, 2018

It’s the reason why more than 300 people attended this year’s Shipper Symposium: to learn about the trends shaping the industry and to discuss how to rewrite the rules for success moving forward. Optimize dock schedules in real-time based on the real ETA of a truck, or even more exciting, based on the demand for the products in the truck.

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EazyStock

MARCH 17, 2021

In this piece, we’ll take a look at some of the top types of supply chain disruptions, the impacts that they have on your supply chain, how to mitigate whatever risk you can and finally how you can handle supply chain disruptions once they occur and come out on top. Types of Supply Chain Disruptions.

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EazyStock

JUNE 23, 2021

An example of a BOM-dependent forecast would be for the components that make up a fountain pen. An example here could be when stationery items are sold in a writing set, but also sold on their own. Luckily, inventory optimization tools , such as EazyStock, have the functionality to help. Automated BOM Inventory Management.

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Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. For example, if you’re introducing a new product and there are no similar products to draw historical data from, qualitative research is a must to reduce risk.

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eCommerce Inventory Reduction Operations Modeling Software 87

Ship Monk

MAY 19, 2022

Sometimes the vendor can give projections of when the item will be back in stock and shipped, for example: “Won’t Ship Until July,” “Won’t Ship for 10 Business Days,” etc. How to Handle Backorders Quickly? In order to set you up for success, logistics companies can: Optimize warehouse layouts so bins and SKUs are easy to find.

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Ship Monk

FEBRUARY 8, 2023

But how do you identify what is going well and what needs improving? This article will cover some of the most important metrics and KPIs to establish if you want to optimize your fulfillment operations. For example, if a fulfillment center makes a small change to their technology or processes, they may use KPIs to track its effects.

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WorkWave

OCTOBER 12, 2022

Logistics is one of the most centrally important parts of many businesses, but they are challenging to understand, detangle, and optimize. Satellites, mapping software, and dynamic optimization programs all work together to make route planning vastly more efficient than it would be if done by hand. 1 Google Maps.

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Optimization Software Logistics Network Optimization Software Eliminating Excel in Purchasing Optimization 52

EazyStock

AUGUST 9, 2022

Finding optimal healthy stock levels isn’t easy. With accurate demand forecasting information, inventory managers can set optimal stock levels to meet demand while keeping costs to a minimum. WMS systems not only keep track of stock levels but also locations in the warehouse to optimize space. How EazyStock can help.

Supply Chain Planning Software 52

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EazyStock

APRIL 13, 2022

A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits. Inventory optimization.

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Locus

OCTOBER 12, 2023

Let’s take a look at recent example of how the strategies employed by the Indian Cricket Team during their face-off against Australia in the 2023 World Cup resonate seamlessly with the principles of optimal last-mile delivery: 1. Take the masterclass displayed during the 165-run partnership between Kohli and Rahul.

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EazyStock

MARCH 1, 2023

Using software to overcome MOQ inventory challenges EazyStock is an automated inventory optimization tool that ensures you carry the right stock, in the right quantities, in the right locations, at the right time. Please contact us for a demo or call us at (844) 416-5000. Want to learn more?

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