Remove Demo Remove Examples Remove Purchasing Remove Trends
article thumbnail

SONAR Indices & Insights: Use the RESL Index to measure retail sales trends to help predict shifts in the freight markets

FreightWaves SONAR

This week, learn how freight market participants are predicting shifts in the freight market that may occur with changes in retail sales trends using the SONAR index, Retail Sales with the ticker name of RESL. The RESL index is a monthly measurement of retail sales trends provided by the U.S. for year-over-year breakouts): .

Trends 98
article thumbnail

Artificial intelligence and machine learning in supply chain management

EazyStock

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. However, it is now common in everyday life.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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. Demand sensing You should also research general industry information about industry trends, market conditions, and economic changes. Losing multiple customers will significantly impact revenue.

article thumbnail

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. You should also research general industry information about industry trends, market conditions, and economic changes. Losing multiple customers will significantly impact revenue. Demand sensing.

article thumbnail

6 Inventory Control Techniques for Stock Optimization

EazyStock

Trends: Product demand is influenced by fashion, technology, social, economic and legal factors. Look out for such trends in your historical demand data and adjust your forecasts accordingly. For example, you should consider setting different service levels, safety stock levels and reordering parameters for each category.

article thumbnail

How do rising interest rates and inflation affect global supply chains?

EazyStock

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. For example, warehouse costs, insurance and financing. How will your team monitor changing customer behavior and market trends as demand reduces? Demand falls.

article thumbnail

7 ways freight tech reduces operations costs and improves profits for carriers

FreightWaves SONAR

And if wait times do grow too long, carriers can turn to freight data to show general trends and bill detention charges accordingly. After all, trends, lane shifts, throughput and transparency data can now be used to make more hauls and avoid unexpected costs or delays. . Debt and interest payments are not included in these costs.