Logistics Business Magazine

AUGUST 11, 2020

Many inventory planners are still reliant on basic stock management tools to carry out their challenging roles. Inventory optimisation swaps basic linear inventory calculations for probabilistic formulas, to help account for uncertainty when predicting future events. The first is demand forecasting.

Inventory Reduction 68

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 68

GoShip Blog

DECEMBER 23, 2022

When this happens, many small business owners sell unavailable items on backorder and ship them to the customer after replenishing their inventory. The sudden increase in demand can be because of seasonal events like holidays, extreme weather, or social media trends. Out-of-stock vs backorder.

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Cost Reduction Material Savings 52

Logistics Bureau

DECEMBER 19, 2022

Slotting Increases Replenishment Efficiency. If warehouse product slotting increases productivity and efficiency in picking, thereby reducing warehouse costs, it stands to reason that it does the same for replenishment and put-away activities. Productivity improvements in picking, replenishment, and put-away.

Production 92

Production Inventory Reduction Cost Reduction Resource Reduction 92

EazyStock

JULY 7, 2020

In this blog series we look at how inventory optimization tools , such as EazyStock, can support inventory management teams. Inventory management teams therefore need to ensure they have the best tools and forecasting processes for the job. A good forecasting tool like EazyStock will provide the base demand forecast.

Optimization Software 52

Optimization Software Supply Chain Software Modeling Software Inventory 52

EazyStock

OCTOBER 20, 2020

Qualitative factors: Add any qualitative forecasting factors into your data, such as sales promotions, competitor activity or external market events. Fine-tune your stock replenishment strategies. Look out for such trends in your historical demand data and adjust your forecasts accordingly. Know your star products! Supplier lead times.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

EazyStock

MARCH 17, 2021

Black Swan Events. A black swan event is an unexpected event with severe consequences, like the Great Recession or the current COVID-19 pandemic. This category is sometimes lumped together with black swan events. You need to determine what your priorities will be in the event of a supply chain disruption.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 78

Log-hub

NOVEMBER 22, 2023

One of the most powerful tools employed in this endeavor is the ABCD Analysis. How to use AI to optimize stock levels Within the larger context of supply chain optimization, AI proves to be a versatile tool in the quest for optimal stock levels.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

3PL Links

JULY 7, 2023

Currently, in addition to EDI, the following are the primary elements of the aforementioned data system: ECR – Efficient Consumer Response; DSD – Direct Store Delivery; CRP – Continuous Replenishment Program; ERS – Evaluated Receipt Settlement; VMI – Vendor Management Inventory. as a definition of value.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48

Log-hub

NOVEMBER 22, 2023

One of the most powerful tools employed in this endeavor is the ABCD Analysis. Efficient replenishment strategies: Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

NOVEMBER 22, 2023

One of the most powerful tools employed in this endeavor is the ABCD Analysis. Efficient replenishment strategies: Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

EazyStock

NOVEMBER 17, 2022

In the event of high demand for stock items, there is also a risk of tension between customers and suppliers. With a demand forecasting and purchasing optimization tool, you can automatically optimize replenishment for the best inventory values and service levels.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

In the event of high demand for stock items, there is also a risk of tension between customers and suppliers. With a demand forecasting and purchasing optimization tool, you can automatically optimize replenishment for the best inventory values and service levels.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

In the event of high demand for stock items, there is also a risk of tension between customers and suppliers. With a demand forecasting and purchasing optimization tool, you can automatically optimize replenishment for the best inventory values and service levels.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Procurement Solutions Purchasing Skills 52

Ship Monk

JULY 27, 2022

How often does inventory need to be replenished? While not as future-leaning as some other methods, A/B testing is an awesome tool to test the waters and get a feel for what your customers respond to. #3 Have I noticed any dips or spikes that correspond to certain time periods? Which products sell the quickest? Which sell the slowest

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

EazyStock

MARCH 10, 2023

A good inventory management system can provide almost real-time information about inventory levels, including items in stock, available inventory levels, and which items need replenishing. This allows customers to access their system from anywhere and has options for audit logging for logins, admin activity, user, role, and permission events.

Cost Reduction 52

Cost Reduction Inventory Reduction Optimization Software Expense Reduction 52

EazyStock

OCTOBER 23, 2020

Seasonal demand is defined as a certain time series with repetitive or predictable patterns of demand due to re-occurring seasonal events. With accurate demand forecasts that account for seasonality, you can optimize stock levels and make informed decisions on safety stock levels and replenishment rules. Inventory optimization.

How To 52

How To Optimization Software Inventory Optimization 52

EazyStock

MARCH 22, 2022

Customer behavior continues to be erratic as buying habits reflect current events and news stories rather than actual needs. For start ups, spreadsheets can be an efficient, low-cost tool. There have been significant shifts in customer behavior, making it hard to base assumptions on consumer trends.

Supply Chain Planning Software 52

Supply Chain Planning Software How To Supply Chain Design Software Supply Chain Software 52

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

A salesperson can automatically replenish stock in the event of shortages by raising a purchase order for stock, or initiate a transfer from another warehouse, or create a job for items to be made. This requires looking at the digital tools that will be required to support them.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

Logistics Bureau

DECEMBER 9, 2019

However, I think we may soon stop talking about supply chains as end-to-end sequences of events, because, in many cases, the two ends appear to be joining up. Many governments, for example, are making formerly hard-to-access export tools and guidance available to all via resource sections of their various agencies’ websites.

Supply Chain Software 115

Supply Chain Software Logistics Network Optimization Software Supply Chains Trends 115

Logistics Business Magazine

OCTOBER 9, 2023

Enhanced route planning Up to now a driver has set off with a fixed route, perhaps a regular round, or one planned a day or two earlier, and it is up to him/her to work out the best response to an accident, traffic jam or other event as and when these arise. AI promises to provide the tools to resolve these problems.

Warehousing 64

Warehousing Sourcing Strategies Supply Chain Planning Software Resource Reduction 64

Logistics Bureau

NOVEMBER 16, 2020

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020. Networking.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

EazyStock

NOVEMBER 21, 2019

Whereas some fluctuations in demand, like seasonality, can be tracked in patterns over time, fliers are less predictable and are one-time events. Or they can be caused by events which you have no knowledge of such as a customer going out of business, natural disasters, etc.

Optimization Software 40

Optimization Software How To Inventory Reduction Procurement Solutions 40

Infosys Supply Chain Management

NOVEMBER 3, 2015

Recently, JDA in his annual event called Focus talked a lot about new IT solutions. In general sense, every retail organization has got certain set of tools and solutions to harmonize its own chain of partners (i.e between various nodes in the supply chain from supplier till retailers). Keeping end retailers i.e

Supply Chain Planning Software 31

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 31

Infosys Supply Chain Management

JANUARY 18, 2018

However due to Maximo's limited Supply Chain capabilities it was often integrated with an ERP system for even basic supply chain features like Inventory Management, Replenishment, Purchasing, Contracting & Invoicing.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 0

247 Customs Broker

NOVEMBER 27, 2018

In the late 1990s, “the world started to digitize,” says Marc Van Pruijssen, director, global shop/retail replenishment program with Amway. The two events acted as bookends to the WMS implementation, leaving “limited available time for us to roll out the system aggressively,” Van Pruijssen adds.

Supply Chain Planning Software 28

Supply Chain Planning Software Scenario Planning Digital Optimization Software 28

Blog on Log

AUGUST 19, 2006

Visibility Visibility refers to true understanding of the customer demand, real-time track and trace of inventory at item level, and track and trace of shipments as well as alerting when events deviate from expectations. The cost of this true collaboration is falling dramatically with the advent of new web-based tools.

Supply Chain Planning Software 40

Supply Chain Planning Software Logistics Network Optimization Software Tracking and Tracing Supply Chain Design Software 40

Infosys Supply Chain Management

SEPTEMBER 22, 2011

News & Events. |. Information sharing can be most effective and least disruptive for all concerned when done by implementing the available technological tools, which would accomplish the process in a controlled and secured way thereby streamlining the global supply chain operations. Payments Treasury. Wealth Management.

Supply Chain Planning Software 27

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 27

Camelot 3PL Software

FEBRUARY 1, 2019

It is important to keep the system of record as accurate as possible to ensure inventory quantities are correct so businesses can make strategic decisions for product replenishment and reordering purposes. With Excalibur WMS system tools, the first Physical Inventory Count will be as successful as the 500th count.

Inventory Reduction 40

Inventory Reduction Supply Chain Design Software Expense Reduction Inventory 40

GlobalTranz

JANUARY 4, 2016

Being able to blend systems and implement tools on a scalable basis is what sets the technology of the future apart from the unwieldy enterprise-wide software packages that were popular in the previous era,” said Marshbank. Or detect risk across the multi-tier supply chain based on world events and geopolitical risk factors.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 91

247 Customs Broker

NOVEMBER 30, 2018

Visibility tools emerged as the number-one target for investment. These technologies provide the raw data that fuels visibility tools. The results may alert you in advance about upcoming events that could disrupt the supply chain. In 2017 and 2018, Kenco surveyed supply chain leaders to learn how they approach innovation.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 28

Infosys Supply Chain Management

DECEMBER 31, 2012

News & Events. |. In 2011, I closed my holiday surge prediction posting with a message that the importance of balancing online commerce tools and product offerings with advanced backend fulfillment intelligence processes would prove critical. Payments Treasury. Wealth Management. View all Infosys blogs. Supply Chain Management.

Supply Chain Planning Software 24

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 24

247 Customs Broker

APRIL 5, 2018

. Sheffi starts, for example, with the extreme pressures coming from non-governmental organizations (NGOs), notably Greenpeace, about which one environmentalist says “When Greenpeace reaches for its toolbox, it tends to find only one tool, and that’s a mallet.” Julie Leonard.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 28

247 Customs Broker

APRIL 19, 2018

Using the right tool for the right job has always been a best practice and one of the reasons, we feel, that RFID has never taken off in the DC as exponentially as pundits have been forecasting since 2006. . Surprised to see Home Depot fall off the list; thought they were winning with Sync?

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Supply Chain Design 28