EazyStock

OCTOBER 31, 2022

When purchasing such software, it’s essential to consider how well the tool can handle stock items with different demand profiles, the provider’s reputation, reporting capabilities, and the transparency and reliability of its forecasts. For example, market growth potential and the percentage gain of market share over a set period.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

When purchasing such software, it’s essential to consider how well the tool can handle stock items with different demand profiles, the provider’s reputation, reporting capabilities, and the transparency and reliability of its forecasts. Top-down financial analysis measures the total market size while considering existing market trends.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

RPA Labs

JANUARY 20, 2022

Proper training and integration of these systems are critical because, without the right approach and outlook team members may fail to utilize all the tools these systems offer correctly. Examples of RPA at Work Within the Modern Day Supply Chain. Contact RPA Labs today for a free demo of the innovative system to get started.

Supply Chain Software 74

Supply Chain Software Modeling Software Logistics Network Optimization Software Supply Chains 74

FreightWaves SONAR

FEBRUARY 25, 2021

The use of logistics automation means making it easier than ever to adapt and adjust to changing market trends and consumer demands. For example, think about the use cases of these most impactful benefits to come from logistics upgrades and automation include: Continuous development of SaaS and a renewed focus on customized service offerings.

Supply Chain Software 90

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 90

FreightWaves SONAR

FEBRUARY 2, 2021

These factors are further seen in top-industry trends. This trend is changing land use patterns and contributing to increased truck traffic and competition for curb space in residential areas. As an additional example, consider these other FreightWaves SONAR indices and their relative modes. Request a SONAR Demo.

Supply Chain Planning Software 52

Supply Chain Planning Software Freight Supply Chain Software Resource Reduction 52

Ship Monk

JULY 27, 2022

Demand forecasting helps you: Optimize inventory Align with your operational strategy Analyze demographic and product trends Surprise and delight customers Protect yourself against financial risks Prepare for peak season. The COVID-19 pandemic was a prominent example. #5 Let’s dive in. The 6 Types of Demand Forecasting. #1

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

FreightWaves SONAR

FEBRUARY 5, 2021

For example, trades that are made through the Robinhood app are executed by hedge funds like Citadel. The benefit to the hedge funds is that they can pick up on trends and ensure that their money is ahead of any of those trends. Request a SONAR Demo. This hasn’t been proven, but is widely suspected.

Trucking 98

Trucking Negotiating Skills Logistics Network Optimization Software Data 98

FreightWaves SONAR

JANUARY 5, 2021

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. . It contributes to and improves overall customer satisfaction.

Cost Reduction 106

Cost Reduction Waste Reduction Expense Reduction Price Reduction 106

EazyStock

OCTOBER 20, 2020

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.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

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. In a marketplace where trends come and go and product sales can be erratic, items can move from category C to A very quickly.

Analysis 83

Analysis Inventory Optimization Software Procurement Solutions 83

FreightWaves SONAR

FEBRUARY 25, 2021

The use of logistics automation means making it easier than ever to adapt and adjust to changing market trends and consumer demands. For example, think about the use cases of these most impactful benefits to come from logistics upgrades and automation include: Continuous development of SaaS and a renewed focus on customized service offerings.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 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). Identify trends and generate reports for more accurate forecasting.

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

EazyStock

FEBRUARY 7, 2020

Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers. A build-up of excess inventory and obsolete stock as social trends and technologies quickly change and forecasting models fail to keep up.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Ship Monk

FEBRUARY 9, 2024

The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them.

eCommerce 85

eCommerce Inventory Reduction Operations Modeling Software 85

Talking Logistics

APRIL 7, 2017

I haven’t seen a demo of Blackbay, so I can’t comment on its functionality, but one of the things the BluJay team is most excited about is Blackbay’s logistics application framework, which the company plans to use as its mobile development platform moving forward across its entire TMS solution footprint.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 60

Logistics Business Magazine

JUNE 2, 2022

For example, they can be slowed down when a forklift comes close, avoiding an emergency stop at an intersection. A small black box (19 x 12 x 6 centimetres) can be found at the demo set-up in Hall 3 of the Dortmund Trade Fair. The entirety of transport orders for intralogistics can be controlled precisely and more efficiently.

Supply Chain Planning Software 61

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 61

FreightWaves SONAR

MARCH 24, 2021

You see examples of this strategy in large brokerages today. Examples of portfolio diversity in the freight business. SONAR has the tools for you to watch for market indicators that will help you decide where and when to attack these international shipments. HOW TO USE MARITIME INDICES TO DIRECT CARRIER AND CUSTOMER SALES TEAMS.

Freight 72

Freight Price Reduction Cost Reduction Inventory Reduction 72

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

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. You should keep on top of trends in supply and demand and any seasonal fluctuations. Examples of supporting software include: Warehouse management systems.

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

RPA Labs

NOVEMBER 18, 2021

Tasks such as demand prediction, inventory allocation, stock replenishment and even mark-down calculations and assortment and financial plan seeding are easily completed with ML/AI-powered tools. Access to accurate, real-time data allows managers and directors to see trends easily and monitor critical KPIs.

Freight forwarding 52

Freight forwarding Supply Chain Planning Software Supply Chain Software Inventory Reduction 52

FreightWaves SONAR

MARCH 1, 2021

Take the above graphic for example: . It then creates a weighted average of all lanes to create a likely linehaul rate trend for the next year based on the influence of volumes within individual freight markets. For example, in FWS, the straight average of all lanes is set to a value of 1 per lane. Request a SONAR Demo.

Data 59

Data Modeling Software Price Reduction Cost Reduction 59

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

Talking Logistics

MAY 4, 2018

Is this another example of us going after the “next new shiny thing” versus investing to improve what we currently have? Last September, for example, Trucker Tools launched its Smart Capacity freight matching platform. The bigger question for me is, do we really need it?

Logistics Network Optimization Software 60

Logistics Network Optimization Software Optimization Software Supply Chain Software Cost Reduction 60