EazyStock

FEBRUARY 18, 2020

Let’s take a look at an example. In the example above, the EOQ determined that the warehouse would be placing orders for fidget spinners approx. In our example, the demand for fidget spinners was 15,000 per year, and EOQ was approx. The post How to Find the Right Economic Order Quantity appeared first on EazyStock.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. In these situations you have to think smartly and weigh the costs against each other for replenishment. The Importance of Improving your Inventory Turnover.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Logistics Bureau

JANUARY 11, 2021

So, for example, if a sales rep asks them, customers will say, “I want a good level of service, I want a competitive price, and I want a strong relationship with the business.”. How to Design your Customer Service Offer. Customers must clearly understand how to use your business and you must know what you are expected to do.

Logistics Network Optimization Software 68

Logistics Network Optimization Software How To Supply Chain Design Networks 68

Logistics Viewpoints

APRIL 22, 2024

More importantly, we needed to capture the knowledge of our subject matter experts on how to make all of that happen.” It learned how to solve problems from the people who solve those problems every hour of every day. GP, for example, has also had success in demonstrating that Causal AI can solve difficult sourcing problems.

Optimal Sourcing 135

Optimal Sourcing Supply Chain Planning Software Modeling Software Optimization Software 135

EazyStock

MARCH 22, 2022

How to overcome demand forecasting challenges. For example, up-to-date information from your staff, customers, and, of course, industry bodies. The post Demand forecasting challenges – how to deal with fluctuating demand appeared first on. Lost revenue – all the above could lead to a further loss of sales down the line.

Supply Chain Planning Software 52

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

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. For example, you can be doing finance in supply chain, or you can be doing operations. APICS, for example, runs some really good supply chain and logistics programmes. Marketing Yourself.

Supply Chain Planning Software 115

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

EazyStock

MAY 11, 2021

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

OCTOBER 23, 2020

Seasonal demand examples in the US include religious festivals such as Christmas or Ramadan, annual events like Valentines Day or Halloween and seasonal weather patterns, including snow in winter and a hot climate in summer; these can all lead to seasonal variances in demand for many products. How to forecast for seasonal demand.

How To 52

How To Optimization Software Inventory Optimization 52

EazyStock

FEBRUARY 7, 2020

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. The post How to Manage Inventory in a Growing Business appeared first on EazyStock.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

FEBRUARY 18, 2020

Let’s take a look at an example. In the example above, the EOQ determined that the warehouse would be placing orders for fidget spinners approx. In our example, the demand for fidget spinners was 15,000 per year, and EOQ was approx. The post How to Find the Right Economic Order Quantity appeared first on EazyStock.

Ordering 52

Ordering Purchasing Skills How To Inventory 52

EazyStock

DECEMBER 13, 2021

For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. If you’d like to know more about how EazyStock can support your inventory management processes and help better manage supply chain disruption please request a demo.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Logistics Bureau

NOVEMBER 23, 2020

An example from a company that turned to Kieran for help in cutting its costs and streamlining its warehousing operations will aid in illustrating this maxim. Let’s look at an example. In our example (Company Z), the availability of A-lines is 93 percent, of B-lines is 94 percent, and of C-lines is 93 percent.

Inventory Reduction 62

Inventory Reduction Inventory Expense Reduction Supply Chain Planning Software 62

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. The post How to successfully implement just-in-case inventory management appeared first on.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

EazyStock

NOVEMBER 21, 2019

For example, sales transactions that result from a flash clearance sale do not represent typical demand for a given period. Deciding How to Handle Outliers. In the example above, the orange line going forward reflects this decision. A more complex option is to use statistical calculations.

Optimization Software 40

Optimization Software How To Inventory Reduction Procurement Solutions 40

Ship Monk

JANUARY 4, 2024

He plays a critical role in our receiving department with the swagger of a ShipMonker who knows how to get sh*t done. New Jersey Fulfillment Center NJ TYT goes to Francheska M from our replenishment department. Francheska is a great coworker, team player, and example to follow. Thank you for being someone ShipMonk can rely on.

Outbound 94

Outbound Packing Definition Picking 94

Logistics Viewpoints

JUNE 7, 2021

When companies implement a demand management or replenishment system, the goal is usually to improve customer satisfaction while holding less inventory. For example, a warehouse might have a big propane tank they use with forklifts that run on propane. That occurs when the forecast is handed off to the replenishment system.

Optimal Sourcing 100

Optimal Sourcing Transportation Inventory Reduction Supply Chain Planning Software 100

ShipLilly

JULY 7, 2020

For example, many e-Commerce operators do not like dealing with the additional bureaucracies of handling shipping and payments for backorders. The customer can still order it, but delivery will only happen once the stock has been replenished. The post How to Properly Handle Your eCommerce Backorders appeared first on ShipLilly.

eCommerce 40

eCommerce Handling How To Modeling Software 40

Logistics Bureau

JULY 10, 2018

The demand-driven SCM concept therefor uses actual demand instead of error-prone forecasts to drive replenishment.” This means for example, that marketing-campaign planning involves manufacturing and procurement functions, to ensure preparedness for an uptick in product demand. The Risks of Information-Sharing.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Design Software Inventory Reduction Supply Chain Software 48

GlobalTranz

DECEMBER 5, 2018

For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.

Price Reduction 67

Price Reduction Resource Reduction Cost Reduction Inventory Reduction 67

EazyStock

JANUARY 14, 2020

But unfortunately for inventory management teams, ERPs often lack functionality when it comes to more sophisticated inventory planning and replenishment requirements. Stock planners are often confronted with telltale signs that they need further automation to improve demand forecasting, optimize stock levels and automate replenishment tasks.

Optimization Software 52

Optimization Software Procurement Solutions Inventory Reduction Inventory 52

EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. In this post we’ll look at 6 inventory control techniques that will specifically show you how to control your stock levels, help you optimize your inventory and maximize profits. Understand your demand.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Ship Monk

SEPTEMBER 8, 2023

You are a leading example of perseverance and ownership. Your hard work and dedication are an example to everyone on our team! He has been a key part of the EC-batch progress as not only the associate that does the replenishment, but also supports and trains in picking, packing, sorting, and loading for the EC Batch Department!

Replenishment 64

Replenishment Outbound Sourcing Strategies Buyer Training 64

EazyStock

JUNE 18, 2019

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. ABC Classification Calculation Example. Here is a working illustration of how to divide your inventory using annual consumption value.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

EazyStock

JANUARY 21, 2021

EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment. For example, you may only have the resource to do reordering on certain days of the month, or receive deliveries on certain days of the week. Microsoft Dynamics 365 Inventory Management Features.

Inventory 52

Inventory Optimization Software Supply Chain Planning Software Supply Chain Design Software 52

EazyStock

JUNE 18, 2019

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. ABC Classification Calculation Example. Here is a working illustration of how to divide your inventory using annual consumption value.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

Logistics Viewpoints

AUGUST 7, 2023

If you are implementing a warehouse management system, for example, you scan something, you put it away, you store items, you replenish, you build pallets. This is the penultimate example of leadership commitment. Ideally, you wouldn’t want your customer to even know that you implemented a system change. It is incredibly rare.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Modeling Software Optimization Software 105

SYSPRO Smarter ERP

DECEMBER 19, 2022

The Economist has mentioned the role of AI in inventory management and demand forecasting, noting an example where AI can forecast in what order items will arrive at and leave a warehouse, so that pallets can be put in the right position. Challenges of IO and AI. To get the most out of AI requires organizational changes.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

Logistics Business Magazine

OCTOBER 9, 2023

Improvement here is clearly important, but we have barely begun to touch on how to run the warehouse more efficiently, which is where some really big labour and administration costs lie – as well as potential savings. A minor example is some work we recently did for Birlea.

Warehousing 65

Warehousing Sourcing Strategies Supply Chain Planning Software Resource Reduction 65

SYSPRO Smarter ERP

DECEMBER 19, 2022

The Economist has mentioned the role of AI in inventory management and demand forecasting, noting an example where AI can forecast in what order items will arrive at and leave a warehouse, so that pallets can be put in the right position. Challenges of IO and AI. To get the most out of AI requires organizational changes.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

Logistics Viewpoints

MAY 11, 2023

For example, they can test the effect of increasing or decreasing safety stock levels or changing the replenishment frequency of certain products. By using predictive analytics and machine learning algorithms, digital twins can also provide recommendations on how to optimize equipment utilization and reduce downtime.

Optimization Software 142

Optimization Software Supply Chain Design Software Modeling Software Digital 142

Ship Monk

NOVEMBER 4, 2022

She is also very smart and in a very short period of time has managed to learn several areas and became a support for Replenishment, Wholesale, Picking, and Receiving. As quoted by her supervisor: “She is a prime example of what we want as a team member. October 20, 2022. Florida Fulfillment Center.

Replenishment 52

Replenishment Outbound Picking Inventory 52

Logistics Bureau

OCTOBER 20, 2021

As an example of how illuminating the perfect order KPI can be, let’s look briefly at damage-free delivery as an example. For example, if the on-time percentage is 98%, the in full is 93%, the damage-free is 99%, and the orders with correct documentation is 96%, the calculation will look like this…. x 0.96 = 0.8661.

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

Logistics Bureau

NOVEMBER 6, 2023

How to Improve Lighting Control It’s common for warehouse spaces to sit under artificial lighting even when or where it’s not strictly necessary. For example, could some areas of your warehouse be adapted via racking optimisation to store higher inventory volumes? The implementation of warehouse automation can be expensive.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

ShipLilly

OCTOBER 14, 2020

For example, freight may change to shipping or truck transport via the distribution center. Examples of this include grocery chains that rely on distribution centers to maintain appropriate levels of stock in their stores. How to Choose Between a Distribution Center and Fulfillment Center.

Distribution 98

Distribution Supply Chains Picking Ordering 98

Logistics Bureau

OCTOBER 10, 2022

For example, you can optimise for cost, profit, or service, but not for all of them. For example, inaccurate forecasts typically lead to: Overstocking — a problem that ties up working capital and can lead to inventory obsolescence. How to Improve Forecast Accuracy for Optimal Inventory. How Does Lead Time Affect Inventory?

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

Ship Monk

DECEMBER 9, 2022

Tecate, Mexico’s Thank You Thursday recognition is for Benito, in our Replenishment Department. This week we thanked Shawna for consistently supporting our operations in Pack as well as Inventory Replenishment. She demonstrated strong leadership on how to be a team player. Thank you, Dom, for hard work and dedication.

Replenishment 52

Replenishment Packing Training Inventory 52

Ship Monk

MAY 5, 2022

There are a lot of moving parts in a transition of this magnitude, but we find that our clients’ biggest concerns are about the actual, physical move—how to get their inventory out of its current (and potentially hostile) warehouse and set up in a new facility with the least amount of disruption to their business.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction 3PL 52