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Inventory Replenishment Strategies that Increase Profits

EazyStock

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

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Prescriptive Analytics: What’s Freight Management’s Next Best Action?

FreightWaves SONAR

As an example, it may be necessary to leverage drop shipping to give a manufacturer the opportunity to fill the order and manage its transportation process. Now going back to the examples of what-if scenarios, it is possible to isolate the conditions in which an optimum outcome will occur. Request a SONAR Demo.

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Why is freight data a powerful weapon in the era of COVID-19?

FreightWaves SONAR

For example, as seen in scenario A1, the global unconstrained demand for air cargo will fall by 14% of pre-crisis volumes in the second quarter of 2020 and will not rebound to 2019 levels until around mid-2022.” Using data, supply chains could better plan replenishment orders, avoid congestion and prevent further disruption.

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6 Inventory Control Techniques for Stock Optimization

EazyStock

For example, you should consider setting different service levels, safety stock levels and reordering parameters for each category. Fine-tune your stock replenishment strategies. However, if these methods are leading to stockouts or excess stock scenarios, you need to look for a smarter way to carry out replenishment.

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Why near-real-time electronic freight tender trucking data is more reliable than waiting on submitted data

FreightWaves SONAR

Obviously, that’s only one example, but it shows the value of insight and using data that’s available now. . It’s a continuous process that helps individual shippers learn when to boost replenishment. Request a FreightWaves SONAR demo by clicking the button below to get started. . Request a SONAR Demo.

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How EazyStock Enhances Acumatica ERP Inventory Management

EazyStock

Optimized Inventory Replenishment. With Acumatica you can manually set your replenishment parameters using the minimum/maximum quantity method (“min/max”). In comparison, with EazyStock replenishment is automatically calculated for every SKU in your portfolio. Finally, EazyStock calculates your optimal replenishment parameters.

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10 Ways for Truckload Providers Lower Detention and Demurrage Risk With Ocean Import Data

FreightWaves SONAR

Improve replenishment planning with access to ocean import data. As an example, rolled cargo could result in additional delays that add to a higher detention and demurrage risk for freight brokers and truckload providers. Learn more about how your organization can do the same by requesting a SONAR demo via the button below.

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