EazyStock

AUGUST 8, 2023

Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. For example, how much extra stock do you order to cover your forecasts? The post Inventory planning to reduce Chinese New Year disruption appeared first on EazyStock. When do you place the orders?

Inventory Reduction 52

Inventory Reduction Inventory Resource Reduction Scenario Planning 52

Logistics Viewpoints

APRIL 4, 2024

During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. Another example of data normalization is accounting for lost sales due to stockouts or waste of perishable products due to overstocking of inventory. Wouldn’t it be cool to know within minutes?

Scenario Planning 137

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 137

Logistics Business Magazine

AUGUST 11, 2020

According to EazyStock, one area where big gains can be made is around inventory management. Many inventory planners are still reliant on basic stock management tools to carry out their challenging roles. Manual inventory management is labour intensive and can often lead to stock imbalances. The first is demand forecasting.

Inventory Reduction 67

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 67

Camelot 3PL Software

JANUARY 14, 2021

But it is possible to reposition inventory to better respond to such events. When inventory has been pre-positioned in readiness for disasters, it can support the third-party organizations that respond and assist communities. It may be impossible to ensure your business or organization is entirely natural disaster-proof.

Inventory 52

Inventory Supply Chain Planning Software How To Procurement Analytics 52

Logistics Viewpoints

FEBRUARY 26, 2024

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

Supply Chain Planning Software 149

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 149

EazyStock

MARCH 3, 2022

In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items. How to implement JIC inventory management with optimum stock levels. Just in case inventory management doesn’t have to mean inflating stock to really high levels.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

Talking Logistics

OCTOBER 15, 2018

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.

Inventory Reduction 60

Inventory Reduction Inventory Supply Chain Planning Software Logistics Network Optimization Software 60

FourKites

DECEMBER 11, 2020

What is inventory carrying cost? Inventory carrying cost, or more simply referred to as “carrying cost,” is the sum of all the costs associated with holding inventory or stock in storage or warehouse. Inventory carrying costs are something that anyone who sells a physical product has to deal with. Inventory Service Cost.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Resource Reduction 52

Logistics Viewpoints

JANUARY 9, 2023

Infor is one example of a supplier that offers both advanced visibility and supply chain planning. A multi-enterprise supply chain network provides visibility to upstream and downstream events that can affect a company’s supply chain. Visibility to Events. There is a vintage television commercial for Reese’s Peanut Butter cups.

Supply Chain Planning Software 148

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 148

EazyStock

DECEMBER 8, 2021

Chinese New Year (aka Lunar New Year) might seem like a long way off, but smart inventory managers will be starting to plan for this event very soon. For example, how much extra stock do you order to cover your forecasts? The post Inventory Planning to Reduce Chinese New Year Disruption appeared first on EazyStock.

Inventory Reduction 52

Inventory Reduction Inventory Resource Reduction Scenario Planning 52

Logistics Viewpoints

MARCH 27, 2023

As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. This leads to lower inventory carrying costs and thus better case flow. Demand forecasting should be tightly integrated to an inventory optimization application.

Supply Chain Planning Software 113

Supply Chain Planning Software Scenario Planning Optimal Sourcing Supply Chain Software 113

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 148

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 148

Logistics at MPEPS at UPV

MARCH 31, 2019

Following an interesting course about Inventory Management, we received this phrase in a conclusion e-mail, that made me think. Indeed, there is no real solution or framework to optimize perfectly your inventory , unless you know how to predict the future and therefore I would love to meet you. AI, indeed, can be a great help.

Inventory Reduction 40

Inventory Reduction Inventory Optimization Software Course 40

Logistics Viewpoints

JANUARY 21, 2021

ML looks into historical data (for example, transit time statistics of carriers) and data from impactful external factors (such as port congestion, weather or holidays) and uses this information to develop more accurate transit time estimates. These can include traffic conditions, port congestion, storms, and holiday closures.

Inventory Reduction 207

Inventory Reduction Supply Chain Planning Software Cost Reduction Resource Reduction 207

Logistics Viewpoints

SEPTEMBER 17, 2019

5G connectivity will shape tomorrow’s fulfillment operations - nullifying latency, extending the cloud's reach, enabling real-time inventory status updates, supporting real-time analytics and more. Event management of in-transit goods offers a great example of 5G’s value.

Supply Chains 104

Supply Chains Events Inventory Examples 104

Logistics Viewpoints

SEPTEMBER 25, 2023

Generative AI is a major topic at all the enterprise events this year. the supply chain realm, Oracle added some healthcare functionality that allows for using a mobile device to better track inventory statuses. In hospitals inventory tends to be stored in all sorts of nooks and crannies across the facility.

Supply Chain Software 131

Supply Chain Software Food and Agriculture Logistics Network Optimization Software Inventory Reduction 131

SYSPRO Smarter ERP

DECEMBER 12, 2022

As much as businesses today wish they have a crystal ball to predict when the next pandemic will hit them or how their supply chain will be affected by global geopolitical events, many business decisions are still based on historical financial data, from the GL. 3 reasons why manufacturers should use an integrated ERP accounting system.

ERP 111

ERP Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 111

PINC

APRIL 29, 2020

PINC’s YMS solution , for example, offers functionalities like gate automation, appointment scheduling, real-time visibility in the yard, trailer movement automation, automated alerts and notifications, and enterprise visibility. live/drop, type of inventory, type of equipment, load status, etc.).

Inventory Reduction 59

Inventory Reduction Logistics Network Optimization Software Inventory Supply Chain Software 59

Logistics Business Magazine

MARCH 13, 2024

And as climate change triggers an increased number of extreme weather events, organisations today rely on weather condition data to ensure their supply chains continue to run smoothly. Without the capacity to then quickly reroute vessels to reduce delays in trade routes, these events become increasingly difficult to overcome.

Supply Chain Planning Software 58

Supply Chain Planning Software Supply Chain Software Supply Chains Modeling Software 58

Kanban Logistics

NOVEMBER 30, 2022

A cornerstone of the modern warehouse, WMS software manages many key warehouse functions, including inventory control (e.g., lot-level traceability and expiration date tracking), inventory positioning, order management, order visibility and reporting. Items that have common characteristics important to the manufacturer (e.g.,

Distribution 98

Distribution Inventory Reduction 3PL Supply Chain Design Software 98

Logistics Viewpoints

MAY 11, 2023

In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. Inventory management Another area where digital twins can be beneficial is inventory management. come with any of them. Most modern WMS’ provide forecasting and analytics.

Optimization Software 142

Optimization Software Supply Chain Design Software Modeling Software Digital 142

Logistics Viewpoints

JANUARY 5, 2022

Instead, they are likely to carry higher levels of inventory as a lower cost alternative. The move toward carrying higher levels of inventory will initially increase GDP growth numbers as inventory restocking occurs. Labor Shift – It’s About Want Not Need. It’s time to shift the dialog about labor in logistics.

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 209

EazyStock

APRIL 20, 2020

Our developers are working hard every day to make sure EazyStock is living up to your high expectations for advanced inventory optimization. Planned Events for Managing Forward Orders. A planned event is when your customer has a planned event where the future demand is known; for example scheduled repairs and maintenance.

Production 52

Production Supply Chain Planning Software Events Inventory Reduction 52

Logistics Viewpoints

MAY 18, 2022

This was my first in-person event in over two years, and it did not disappoint. You could feel the energy in the air as 450+ people seemed to really enjoy being back at an in-person event. This includes weather events, port strikes, capacity shortages, and unexpected demand spikes.

Supply Chain Planning Software 101

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Optimization Software 101

Ship Monk

JANUARY 8, 2024

For example, if milk wasn’t FDA-certified you wouldn’t have verification that the cows producing it are healthy. For example, Coffee, Food for Animal Consumption, and Cosmetics are all different category types. However, the ecommerce brand is responsible for their own lot traceability of products in the event of a recall.

eCommerce 75

eCommerce Food and Agriculture Temperature Compliance 75

Logistics Viewpoints

FEBRUARY 16, 2021

This example illustrates why supply chain visibility isn’t enough. And the impact doesn’t stop there, since trade-off decisions will be required to answer questions like which customer is most important to satisfy with the limited bolts in inventory and if production capacity should be reallocated. Agility to act on transparency.

Supply Chain Planning Software 170

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 170

Logistics Viewpoints

AUGUST 2, 2021

This was an online event. With their transportation visibility solution they were able to see a scorecard that let them proactively see what inventory on a shipment was at risk of arriving late. They are implementing Dynamic Yard to have a better understanding of their trailer inventory and know the age of that inventory.

Digital 150

Digital Supply Chain Planning Software Sourcing Strategies Inventory Reduction 150

Logistics Viewpoints

SEPTEMBER 22, 2023

A notable example of greenwashing is when McDonald’s introduced paper straws to reduce plastic pollution. With Apple’s big event last week, the company claimed that the new Apple Watch will be carbon neutral. Although port volumes increased in August, demand remains lower as shippers continue to face excess inventory levels.

Material Savings 133

Material Savings Logistics Network Optimization Software Waste Reduction Supply Chain Planning Software 133

Logistics Viewpoints

MAY 22, 2023

A company can choose to maintain a high level of costly inventory to ensure short lead times, and a family can decide to live farther away from work and school but buy a bigger house. Once you have a model in place, it becomes possible to play out various events and find the best way to react. But optimization is much more than that!

Supply Chain Design Software 107

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 107

SYSPRO Smarter ERP

MARCH 21, 2022

Primarily this meant increasing inventories as opposed to other strategies like nearshoring. It seems that manufacturers found it much quicker and cheaper to increase inventories than build regional factories. It can also enable the new model of inventory management needed for a resilient supply chain – Just-in-Case (JIC).

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

SYSPRO Smarter ERP

APRIL 4, 2024

An ERP system includes advanced inventory forecasting which allows manufacturers to plan raw material for the longer term at the macro level and plan for production in the short term (micro) along with managing capacity constraints at the shop floor level to maximise throughput. MRP manages the spread of demand across the suppliers.

Manufacturing Procurement 52

Manufacturing Procurement ERP Supply Chain Planning Software Ordering 52

MTS Logistics

FEBRUARY 16, 2024

Chinese New Year is a one-week event, but most factories are closed for a month which means the interruption of new orders. Importers tend to forward ship orders in order to prevent inventory issues, so there are always rate increases before the Chinese New Year holiday.

Freight 85

Freight Cost Reduction Inventory Reduction Scenario Planning 85

Stord

MARCH 13, 2024

For example, G.O.S.S. Stord’s WMS also supports a range of customers through its highly configurable billing engine, supporting charges for all relevant events that occur in the WMS - without any restrictions. Industries International leverages Stord One Warehouse in its multiple locations, including a 125,000 sq.

3PL 60

3PL Supply Chain Software Vendor Strategies Inventory Reduction 60

Logistics Viewpoints

MAY 3, 2023

So, when geopolitical events and the pandemic struck, things that you were expecting to happen, didn’t happen. For example, for parts that would typically arrive in five days, you might get a lead time of five weeks. The pandemic shined a light on something that supply chain executives will tell you is second nature.

Supply Chain Design 100

Supply Chain Design Supply Chains Scenario Planning Procurement Solutions 100

EazyStock

NOVEMBER 19, 2021

If you carry too much inventory, you risk tying-up much needed working capital. Safety stock is defined as inventory that is carried to prevent stock-outs caused by fluctuating customer demand, forecast inaccuracies or variability in supplier lead times. Let’s introduce Mary’s Plumbing Warehouse as an example.

How To 52

How To Inventory Reduction Inventory Optimization Modeling 52

Ship Monk

JULY 27, 2022

For an eCommerce business owner, the answer is obvious: How the heck do I get a handle on my inventory management ?! 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.

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

FreightWaves SONAR

SEPTEMBER 29, 2023

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.” The lean conundrum is the problem that was created by a sudden surge in demand and extremely lean inventory management strategies.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52