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

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

Conger

JULY 22, 2021

For example, these systems can handle tasks ranging from: Receiving goods. For example, a Shopify storefront is an eCommerce platform. A Shopify storefront is an example of an eCommerce platform. Take our Shopify example again. One of the best ways to determine this is to request a demo from the vendor.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software eCommerce Logistics Network Optimization Software 52

FreightWaves SONAR

JANUARY 5, 2021

Purchasing equipment and buildings are some of the more commonly financed items. And since customers get their products on time and without delay, they are more likely to return for future purchases. Increased purchases by customers amount to more work for carriers, adding to profitability. Request a SONAR Demo.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

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

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. Use an inventory optimization tool to automate the process. What’s the solution?

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

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. More than Just Inventory Optimization.

Inventory Reduction 52

Inventory Reduction ERP Inventory Optimization Software 52

EazyStock

JUNE 21, 2022

For example, management might have been cautious about adopting cloud-based supply chain solutions due to security concerns over data breaches and loss of irreplaceable data. As supply chains become more complex and globalized, companies must invest in the right tools to manage their operations effectively.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 52

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

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. Use an inventory optimization tool to automate the process. What’s the solution?

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

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. Locus’ delivery management software: The all-in-one tool for your backward and forward scheduling needs. Schedule Demo. appeared first on Locus Blog.

Material Savings 52

Material Savings Inventory Reduction Resource Reduction Optimization Software 52

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

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’.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain 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). Time to reevaluate with ShipMonk. There’s one way to find out for sure!

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

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

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

APRIL 13, 2022

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. Examples of supporting software include: Warehouse management systems. Highlighting areas for improvement allows you to fix them.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 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

EazyStock

APRIL 28, 2022

For example, soft drink companies now use recycled plastic to manufacture new single-use plastic bottles. For example, are there opportunities for changing to electric or lower-emission vehicles, or could your waste-removal processes be more effective? Optimization tools.

Optimal Sourcing 52

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

EazyStock

APRIL 28, 2022

For example, soft drink companies now use recycled plastic to manufacture new single-use plastic bottles. For example, are there opportunities for changing to electric or lower-emission vehicles, or could your waste-removal processes be more effective? Optimization tools.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Optimization Software 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

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.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Inventory Reduction Inventory 52

Transporeon

MARCH 22, 2018

In the example, the lanes 1 and 2 would be 100% awarded to "Carrier B." In our simple example, this step could have been done manually. However, the example clearly shows that the calculation of an allocation scenario without considering capacities may lead to impractical results.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48