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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Besides, today’s inventory management systems make tracking inventory costs much simpler. When combined with the reporting capabilities of a tech-forward fulfillment provider , the numbers you need are easily accessible. If carrying costs are 20 – 30% of your total inventory costs, what makes up the other 70 – 80%?

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Winning strategies for distributors and manufacturers during an economic downturn

EazyStock

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner.

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The fundamentals of demand planning and forecasting

EazyStock

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. Here are some tips on best practices to help you. This allows you to look at your company’s strengths and weaknesses against those trends before predicting potential performance.

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The fundamentals of demand planning and forecasting

EazyStock

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. Here are some best practice tips to help you. This allows you to look at your company’s strengths and weaknesses against those trends before predicting potential performance.

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Non-asset Brokers: Should you buy assets?

FreightWaves SONAR

As small, non-asset brokers begin to grow, there is a tipping point where your contracted lane volume gives you a chance to consider the thought: . It is important to understand the risks of running a trucking company and to research the best way for your company to incorporate equipment into your business model. Request a SONAR Demo.

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7 Ways Retailers Can Reduce Delivery Costs

Locus

Instead of every order piling onto the delivery system, customers become willing participants in the logistics chain, picking up their purchases at their convenience. Take XYZ Retail for example, juggling 100 diverse orders ranging from on-demand to next-day deliveries. Schedule a demo with us!

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The guide to distribution software

EazyStock

Automated processes from distribution software make it quicker and easier to provide reports and highlight changes in the market. This software enables procurement managers to forge close links with their suppliers and manage the whole procurement process. Improved efficiency. Supplier relationship management (SRM) software.