Ship Monk

JANUARY 16, 2024

Is your ecommerce business growing so quickly that you’re having trouble keeping products in stock? Are you experiencing frequent inventory discrepancies , or wishing you had a better handle on forecasting demand? If you answered yes to any of these questions, it may be time to upgrade to a perpetual inventory management system.

Inventory Reduction 72

Inventory Reduction Inventory Supply Chain Software Logistics Network Optimization Software 72

Logistics Viewpoints

JUNE 1, 2021

Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. To achieve this, you identify your potential customers, decide your promotion budget, and select your product to promote. I most certainly do.

Supply Chain Planning Software 111

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Inventory 111

Logistics Viewpoints

DECEMBER 14, 2022

This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. As a result, inventory managers have to explore new ways to cope with full warehouses. Unconventional solutions to excess inventory challenges. The answer goes beyond standard inventory management.

Inventory Reduction 117

Inventory Reduction Inventory Supply Chain Planning Software Scenario Planning 117

3PL Links

MARCH 18, 2024

Image source: Rawpixel | Top 5 Inventory Management Tips for Small Businesses The retailer who thinks that inventory control is an exclusive activity for large retail organizations is mistaken. Have management software Management software is the best tool for retailers to control not only inventory but the entire store operation.

Inventory Reduction 48

Inventory Reduction Inventory Tips Optimization Software 48

Logistics at MPEPS at UPV

MAY 20, 2023

Value Stream Mapping (VSM) is one of the fundamental tools of the Lean Manufacturing methodology. In this post I will explain the importance of this tool and the basic steps to elaborate a VSM by yourselves. It uses standard symbols to represent activities, inventories, lead times and information flows.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Tools Production Waste Reduction 52

FW Logsitcs

OCTOBER 10, 2023

In today’s fast-paced business world, effective and efficient inventory management is critical to any successful third-party logistics warehouse operation. Efficient inventory management in a 3PL warehouse ensures a steady flow of goods, improves overall operational efficiency, and reduces costs.

Optimization Software 52

Optimization Software Inventory Reduction Supply Chain Planning Software Inventory 52

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

Inventory Reduction 122

Inventory Reduction Inventory Sourcing Strategies Supply Chain Planning Software 122

SYSPRO Smarter ERP

AUGUST 17, 2022

Manufacturers and distributors can optimize their inventory management using some of the latest emerging technologies, including machine learning, data analytics, artificial intelligence, and cloud computing. Using proven inventory management processes, supply chain design, and planning helps optimize your stock.

Optimal Sourcing 105

Optimal Sourcing Optimization Software ERP Inventory Reduction 105

Ship Monk

OCTOBER 17, 2023

Managing inventory is a pivotal part of peak season for every ecommerce store, regardless of size or industry. Underestimate inventory needs and buyers can have a negative experience with your brand because of backorders or stockouts, or you could just flat out lose business. A big part of that is inventory management.

Inventory Reduction 64

Inventory Reduction Inventory Optimization Software Supply Chain Planning Software 64

SYSPRO Smarter ERP

AUGUST 1, 2022

A Bill of Materials (BOM) is a comprehensive list of all the items needed to manufacture a product. A BOM may be a relatively simple document or a complex, multi-levelled product description made from multiple sub-assemblies. First, keeping track of the production process is very beneficial. What is a Bill of Materials?

Optimal Sourcing 111

Optimal Sourcing Manufacturing Procurement Material Savings Inventory Reduction 111

Ship Monk

NOVEMBER 8, 2022

“Inventory” is a tricky word because it means different things to different people. If you are an inventory manager, inventory is the number of units you have on hand at any given time. If you are an accountant, inventory is an asset on a balance sheet tracked by its monetary value. Inventory Types for Manufacturers.

Inventory Reduction 80

Inventory Reduction eCommerce Inventory Manufacturing Procurement 80

EazyStock

JULY 22, 2021

Demand forecasting techniques play a critical role in inventory management. However, producing an accurate inventory demand forecast is no mean feat. But first – let’s get a definition: What is inventory demand forecasting? The Importance of Accurate Inventory Forecasting. Inventory Forecasting: Demand Types.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

Ship Monk

MAY 25, 2023

What do we mean by distributed inventory? Well, if you’re familiar with Amazon’s practice of adding warehouses all over the country, then you’re familiar with the concept of distributed inventory. Splitting inventory across multiple warehouses used to be something that only huge retailers like Amazon could afford.

Inventory Reduction 52

Inventory Reduction Inventory eCommerce Distribution 52

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. Do we have a demand forecasting tool in place and, if so, how good is that forecast? Can every customer get products from every warehouse?

Supply Chain Design Software 107

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

EazyStock

AUGUST 28, 2023

When it comes to inventory management, relying on gut feelings and historical data may lead to inefficiencies, missed opportunities and incorrect inventory levels. When combined with manual inventory management processes, you increase the risk of human errors, which can culminate in stockouts and overstocking.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

NOVEMBER 17, 2020

What is ERP inventory management? ERP systems typically allow companies to undertake tasks such as purchasing, production planning, service delivery and customer management – all from one single platform. ERP inventory management limitations. ERP inventory management needs sophisticated demand forecasting.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

CLX Logistics

SEPTEMBER 9, 2022

To meet these demands, shippers need the right supply chain management tools with the flexibility to grow and scale as needed. The right supply chain management tools help not only to enable shippers to provide better customer service and on-time deliveries but also to remain competitive with everyone else in the market.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimization Software 52

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Investments in logistics and supply chains would potentially support wider product ranges, foster time savings and attract larger numbers of customers. Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

EazyStock

MARCH 9, 2021

ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. ABC inventory analysis is important as it helps managers focus their time on their most valuable/important products and adapt their inventory control policies accordingly.

Analysis 83

Analysis Inventory Optimization Software Procurement Solutions 83

Logistics Bureau

DECEMBER 19, 2022

If you browse through the Logistics Bureau blog, you’ll find at least two or three articles—and about the same number of videos—that cover warehouse product slotting. So here it is—your ultimate guide to warehouse product slotting. What is Product Slotting. As this is an “ultimate” guide, we’ll start with the basics.

Production 92

Production Inventory Reduction Cost Reduction Resource Reduction 92

3PL Links

AUGUST 23, 2023

8 Best Practices for Efficient Inventory Management | Image source: Pexels Maintaining control over the inventory of items is crucial to ensuring a healthy sales volume and, consequently, reducing operating costs. Read also: Everything You Need to Know About Inventory Management 4. Continue reading to learn more!

Sourcing Strategies 48

Sourcing Strategies Inventory Reduction Inventory Efficiency 48

3PL Links

AUGUST 18, 2023

Everything You Need to Know About Inventory Management | Image source: Pexels Inventory management is a crucial investment for businesses that want to increase productivity, cut expenses, and deliver top-notch customer service. Following that, we’ll define inventory and go over its different types and management methods.

Inventory Reduction 48

Inventory Reduction Inventory Purchasing Skills Price Reduction 48

Blue Grace Logistics

JUNE 27, 2023

based non-asset-based 3PL BlueGrace Logistics, pointed to variation across some key metrics, including revenue, inventory levels, and order levels, with a forward-looking slant. BlueGrace described this report as an important tool in measuring expected expansion or contraction within the logistics space.

Inventory 62

Inventory Ordering Logistics Network Optimization Software Industry 62

SYSPRO Smarter ERP

JUNE 9, 2022

Manufacturers rely on data and their ERP platform to answer critical questions: What are our inventory levels? How much does it cost us to manufacture this product? Let’s say that you want to know what the revenue for a specific product is in the Pacific Northwest region. Which vendors are late delivering components to us?

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Software 98

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Ship Monk

AUGUST 22, 2022

SKUs are vital to inventory management and the success of any business—as pivotal to operations as a binding agent is to a meatball (i.e. A SKU is a code (typically 8 – 12 alphanumeric digits long) assigned to the items in your inventory. As such, no two products can have the same SKU. What is a SKU?

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

GoShip Blog

JUNE 3, 2022

Inventory, also called ‘stock, refers to the complete list of goods and materials that a business holds for future resale or production purposes. Businesses regularly take account of leftover inventory after an accounting period to assign a monetary value to a company’s stock on and determine the profitability of a business.

Inventory 52

Inventory Purchasing Skills Procurement Solutions Packing 52

The Logistics of Logistics

FEBRUARY 27, 2023

Arka’s API uses AI to auto-replenish packaging inventory for warehouses and 3PLs. All of Arka’s paper products are FSC certified. By automating the packaging ordering system, companies eliminate packaging inventory shortages, the hassle of inventory counts, and dozens of emails and phone calls.

Packaging 296

Packaging Logistics Network Optimization Software Supply Chain Software Inventory Reduction 296

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

EazyStock

DECEMBER 13, 2020

While some businesses and entire industries like hospitality and travel have been shutting down, others like consumer staples, technology and safety products/PPE are thriving like never before. Optimize Inventory. Start with a detailed overview of what inventory is currently in your supply chain.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

SYSPRO Smarter ERP

MARCH 3, 2021

As the ripples from 2020’s global events are still being felt throughout the manufacturing industry, now more than ever it is essential for manufacturers to manage their supply chain, forecast demand, and use production resources as efficiently as possible. The post Take Control of Your Inventory in 2021 appeared first on SYSPRO US.

Inventory 71

Inventory Supply Chain Software Events Tools 71

Stord

MAY 8, 2024

Ryan Andrews, Group Product Manager Growing Your Brand Through More Sales Channels The biggest challenge facing e-commerce brands is enterprise architecture and channel expansion. By fostering flexibility, it allows efficient adjustments in production and distribution. Consumers will continue to demand an exceptional experience (i.e.,

Optimal Sourcing 158

Optimal Sourcing Supply Chain Planning Software Inventory Reduction Optimization Software 158

Globalior

APRIL 23, 2021

Usually, companies do cycle counts to check inventory balances at the end of either each financial year or calendar year. However, what does the term “inventory management” really mean? Proper inventory management has a positive impact on warehouse organization and leads to improved efficiency and productivity levels.

Inventory Reduction 52

Inventory Reduction Inventory Waste Reduction Optimization Software 52

Ship Monk

SEPTEMBER 19, 2022

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. What is Inventory Holding Cost? Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. carrying costs, and needed to learn what those are.

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Ship Monk

MARCH 21, 2024

Today’s CRM platforms have adapted and expanded their tools to meet the needs of ecommerce businesses. Let’s take a look at CRM systems, the tools they provide, and the benefits they offer to ecommerce businesses. Here are some of the tools CRM systems offer.

Optimization Software 94

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 94

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Managing inventory is a complex business. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. How to Choose Inventory Management KPIs.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. There are many different models for forecasting inventory , and plenty of textbooks written on the subject. Many companies use the EOQ model to manage inventory more efficiently while simultaneously minimizing inventory costs.

Inventory Reduction 52

Inventory Reduction Inventory eCommerce Ordering 52