EazyStock

MARCH 14, 2023

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.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

EazyStock

OCTOBER 20, 2020

For more complex inventory classification, use inventory optimization software , which carries out multi-dimensional item categorization. For example, you should consider setting different service levels, safety stock levels and reordering parameters for each category. Make sure you have a set of ‘rules’ for every SKU you carry.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

EazyStock

DECEMBER 13, 2020

For example, did you take out a loan through the Paycheck Protection Program ? For example you should adopt a different demand forecasting technique for mature products with steady demand, compared to items in decline where demand is become more erratic and lumpy. Improve Demand Forecasting.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Locus

JANUARY 2, 2023

Imagine your customer purchased a refrigerator and scheduled a two-hour window out of her busy schedule for its installation. We will use the same example. And this requires you to invest in route optimization software for effectively planning tasks. Schedule Demo. Flexible delivery time. appeared first on Locus Blog.

Material Savings 52

Material Savings Inventory Reduction Resource Reduction Optimization Software 52

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? Time to reevaluate with ShipMonk.

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

EazyStock

MAY 11, 2021

We’re going to use Frank’s Fasteners business as the example: 1. If you find that you’re treating all items the same (in terms of the stock you hold and the purchases you make regardless of their category) then you probably have inefficient and needlessly expensive inventory policies. What’s the solution?

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

DECEMBER 13, 2021

Unfortunately there’s no easy solution to the deal with the current global supply chain problems and avoid stockouts altogether. 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. Using Software to Predict when Stockouts will Occur. Hold stock back for key accounts.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

EazyStock

JANUARY 4, 2021

However, having control over every inventory item often ends up being a time-consuming and frustrating endeavor for most inventory teams, as they rarely have the right tools in place to get the job done well. This is where an inventory optimization tool comes into play. Acumatica’s Inventory Management Capabilities.

Inventory Reduction 52

Inventory Reduction ERP Inventory Optimization Software 52

FreightWaves SONAR

JANUARY 5, 2021

Purchasing equipment and buildings are some of the more commonly financed items. If any software were to streamline the process and make it faster, costs would be cut dramatically. And since customers get their products on time and without delay, they are more likely to return for future purchases.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

EazyStock

JUNE 18, 2019

ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. The best way to start is to adapt your purchasing and inventory policies to each group from the ABC analysis. What’s the solution? Use an inventory optimization tool to automate the process.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

EazyStock

MARCH 9, 2021

See an example of ABC analysis in action here. For example, you may want to focus on improving the service levels of your A class products, over your Bs and Cs by increasing your safety stock levels. For example, some products will have a regular demand, while others will have intermittent demand. Focus on your category A items.

Analysis 83

Analysis Inventory Optimization Software Procurement Solutions 83

FreightWaves SONAR

JANUARY 25, 2021

Maintenance expenses include all internal (shop labor, parts, supplies and tools) and external (outside vendor parts, labor and supplies) expenses. For example, the availability of qualified technicians determines whether or not common tractor and/or trailer repairs can be done with internal resources instead of external (outside vendors).

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

EazyStock

JUNE 18, 2019

ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. The best way to start is to adapt your purchasing and inventory policies to each group from the ABC analysis. What’s the solution? Use an inventory optimization tool to automate the process.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? And when we feel uncertain, humans tend to look for examples of what others in our situation have done. We’ll give you some examples of social proof, and we’ll even rank them in terms of trustworthiness. What is Social Proof?

eCommerce 89

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 89

Ship Monk

NOVEMBER 30, 2023

Fortunately, most metrics are tracked automatically, using tools and software systems you may already have. For example, Shopify’s Analytics dashboard tracks important sales metrics and will calculate the percentage of change from one timeframe to the next. What is a KPI? A KPI (Key Performance Indicator) is a metric.

Procurement Analytics 64

Procurement Analytics eCommerce Procurement Solutions Manufacturing Procurement 64

EazyStock

APRIL 13, 2022

You should also review and choose suppliers, decide where to locate warehouses and whether to implement software throughout the supply chain. For example, having more accurate demand forecasting, warehouse automation, diversifying your supplier network or bringing new technologies on board to give you real-time data. Purchasing.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

EazyStock

APRIL 28, 2022

You could automate the following: customer relationship management, demand management, order fulfillment, manufacturing flow management, procurement, product development, commercialization and returns. Still, there are many opportunities to work with your supply network to find solutions. Optimization tools.

Optimal Sourcing 52

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

EazyStock

APRIL 28, 2022

You could automate the following: customer relationship management, demand management, order fulfillment, manufacturing flow management, procurement, product development, commercialization and returns. Still, there are many opportunities to work with your supply network to find solutions. Optimization tools.

Optimal Sourcing 52

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

EazyStock

MARCH 1, 2023

MOQs and their impact on inventory Minimum order quantities, values and weights are a common challenge for inventory planners and purchasers. If you’re happy with the recommended orders, click “create order lines” and either send the request to your ERP to produce a purchase order or straight to your supplier.

Ordering 52

Ordering Purchasing Skills Inventory Reduction Procurement Solutions 52

EazyStock

MARCH 17, 2021

Customers will flock to stores and websites to purchase gifts and holiday décor. Demand can also surge unpredictably – one recent example is the sudden increase in demand for personal protective equipment (PPE) with the spread of COVID-19. There are even tools you can use to evaluate the cyber risk to your supply chain.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 78

EazyStock

JUNE 23, 2021

A bill of materials is usually associated with production planning in manufacturing, and is typically used in manufacturing software such as materials resource planning systems (MRPs). An example of a BOM-dependent forecast would be for the components that make up a fountain pen. Automated BOM Inventory Management.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Inventory Reduction Inventory 52

FreightWaves SONAR

NOVEMBER 30, 2020

For example, if there were 700 intermodal shipping containers moved between City A and City B in the past week, that lane shows a total ORAIL value of 100. ORAIL/IRAIL is the ultimate intermodal shipping volume tool. For example, for 53’ loaded containers between Los Angeles and Chicago use ORAIL53L.LAXCHI.

Purchasing Skills 59

Purchasing Skills Negotiating Skills Sourcing Strategies Freight 59

Transporeon

MARCH 22, 2018

Freight RFQs are complex, and almost every procurement project is unique in its design. In traditional freight procurement processes, results from downstream negotiations can have a retroactive effect on the projected award scenario. In the example, the lanes 1 and 2 would be 100% awarded to "Carrier B."

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48