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

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

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. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

EazyStock

NOVEMBER 17, 2020

What is ERP inventory management? When it comes to inventory management, ERP systems are ideal for tracking stock along the supply chain, monitoring stock levels and order processing. ERP inventory management limitations. ERP inventory management needs sophisticated demand forecasting.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits. Manufacturers can use forecasting to support inventory optimization. Managing Inventory. labor, materials and warehousing, to IT, freight and safety.

Supply Chain Planning Software 105

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

Freightos

OCTOBER 22, 2024

Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. America weekly prices increased 2% to $1.85/kg. Some observers anticipate that the strike will still lead to some capacity and equipment shortages at Asian origins in early November.

Data 118

Data Freight Capacity Demo 118

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

CH Robinson Logistics

SEPTEMBER 28, 2021

Robinson Director of Research and Market Intelligence: The truck driver shortage is top of mind for many as supply chain disruptions continue, port backlogs persist, and the gap between inventory supply and sales demand widens. The answer is not simple and involves research and analysis across a number of factors.

Trucking 116

Trucking Blog Supply Chain Planning Software Supply Chain Design Software 116

EazyStock

FEBRUARY 17, 2021

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

EazyStock

JULY 19, 2019

What is inventory optimization? You’ve heard of inventory management, and you probably already have some inventory management practices implemented in your supply chain. So what is inventory optimization? Inventory optimization is the next level of inventory management for warehouse and supply chain managers and buyers.

Optimal Sourcing 55

Optimal Sourcing Optimization Software Inventory Optimization 55

EazyStock

MARCH 26, 2018

One of the most common questions we receive is “We already have an ERP inventory module. Through better inventory management, we’ve been able to support our stock management and procurement processes much better, which has even resulted in higher profits!” Inventory Management and forecasting in your ERP.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. The Importance of Improving your Inventory Turnover. Prioritize your inventory. Reorder smarter.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Logistics Bureau

DECEMBER 22, 2024

In many cases, your distribution operation will incur unwanted costs to manage returns of damaged items and deliver replacements to the customers (not to mention the cost of writing off damaged inventory). Inventory Days of Supply This KPI tells you the number of days your inventory would last without replenishment, before running out.

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

Stord

OCTOBER 15, 2024

Analytics for Risk Management This isn't your grandmother's data analysis; we're talking about sophisticated pattern recognition that makes your shipping operation smoother than a freshly waxed surfboard. You can read more about how to optimize your carrier selection with Stord Parcel and improve your annual parcel spend in this blog post.

Data 78

Data Ordering Negotiating Skills Supply Chain Design Software 78

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

Blue Grace Logistics

JULY 13, 2021

What this blog is about: Multi-tier supply chains benefitting visibility. Digitalization ensures supply chain connectivity by allowing enterprises to engage and communicate more effectively, improving predictions, demand, inventory, and shipments. Inventory Optimization. Want A Free Supply Chain Analysis?

Supply Chain Planning Software 62

Supply Chain Planning Software Inventory Optimal Sourcing Supply Chain Software 62

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. Don’t worry!

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

JUNE 25, 2018

Inventory management. Automated inventory management is nothing new to huge, enterprise-sized companies. However, small- and mid-sized businesses have only recently been investing in this new automation for their inventory management – and many SMBs are still hesitant about investing in this new technology. The most surprising?

Supply Chain Software 66

Supply Chain Software Supply Chain Planning Software Inventory Reduction Inventory 66

Log-hub

FEBRUARY 12, 2025

In our previous blog, we explored how matrices enhance supply chain efficiency, from inventory management to logistics. The Future of Matrix-Based Optimization The Future of Matrix-Based Optimization AI and machine learning (ML) take matrix-based analysis to new heights. Now, were taking it a step further.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimal Sourcing 52

EazyStock

MAY 11, 2021

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

JUNE 23, 2022

But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. Processing big data. First – a caveat!

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

EazyStock

AUGUST 21, 2020

So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? Carrying lower volumes of excess inventory in your supply chain can lead to lower carrying costs, such as reduced storage costs and inventory service costs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

EazyStock

FEBRUARY 7, 2020

Inventory Management, Business Growth & Expanding Product Portfolios. At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. In this three-part blog series we’re looking at each of these inventory management problems.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

3PL Links

DECEMBER 17, 2024

This moment goes beyond analysis and reflection; it is the right opportunity to redefine strategies and outline new plans that not only drive results but also guarantee a prominent place in the market. It is also critical that processes are highly coordinated, allowing for a comprehensive perspective of the entire operation.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Trends Logistics Network Optimization Software 62

SYSPRO Smarter ERP

OCTOBER 9, 2023

Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. Understanding material costing requires information about procurement activities and how long materials linger in inventory before they are used to generate revenue. This can be used in costing analysis and equipment profitability.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

GlobalTranz

APRIL 6, 2015

Editor’s Note: This blog post is from SupplyChainOpz. Monitoring and analysis of this data may provide opportunities to intervene before issues becomes major problems. In the past, many buyers relied on safety stock inventory to mitigate any risks or disruptions to suppliers. 3) Risk Management. 5) Technology Matters.

Optimal Sourcing 118

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 118

SYSPRO Smarter ERP

FEBRUARY 27, 2023

A workflow analysis will allow for a thorough review of daily operations with the goal of identifying obsolete practices and areas of improvement. The post 4 Steps to a successful supply chain automation appeared first on SYSPRO Blog. Basically, there are four key points to ensure the efficacy of a supply chain automation project: 1.

Supply Chain Software 111

Supply Chain Software Supply Chain Planning Software Supply Chains Automation 111

SYSPRO Smarter ERP

JULY 2, 2024

This blog discusses how manufacturers can start making AI a reality. ML and DL are mainly used in data analysis, classification, clustering, and ranking. This can help optimize inventory management, identify bottlenecks, and optimize logistics operations. The post AI in manufacturing appeared first on SYSPRO Blog.

Supply Chain Planning Software 105

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

GlobalTranz

JANUARY 16, 2017

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Data Analysis Grew Exponentially, Providing More End-to-End Visibility and Continuous Improvement. Data analysis is the companion of cloud-computing technologies.

Supply Chain Design Software 59

Supply Chain Design Software Supply Chain Software Supply Chain Design Analysis 59

EazyStock

JULY 13, 2020

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. In this post we focus on inventory planning and how to optimize stock levels despite erratic customer behavior and supply restrictions. Investing in the Right Inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

AIMMS

NOVEMBER 2, 2020

This can result in different teams using different data formats, diverging results from data analysis, and hence poorly aligned decision making. Operating units used their own demand forecast; they had no centralized approach and saw frequent inventory violations. In some cases, we have also seen inventory levels decrease up to 70%.

Supply Chain Planning Software 127

Supply Chain Planning Software Purchasing Skills Cost Reduction Optimal Sourcing 127

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. If you’re not careful, the costs of forecasting can outweigh the potential savings in inventory costs. All of them rely on data, whether you’re using historical data or new findings gathered from consumer research.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

SYSPRO Smarter ERP

AUGUST 7, 2023

In one of my previous blogs, “The Importance of Building a Business Case for ERP,” we looked at the significance of strategic planning and creating a solid business case before embarking on an Enterprise Resource Planning (ERP) implementation journey. Sales can see inventory quantities and production jobs.

ERP 98

ERP Manufacturing Procurement Optimal Sourcing Procurement Analytics 98

AIMMS

FEBRUARY 2, 2015

An analysis leveraging sales data and geographical lifecycle indicators classified inventory into three major segments: Dead stock – simply an (unwelcome) snapshot of stock that has no buyer without deep discounting. Live stock – an indication of inventory that is in demand by customers. Sign up for our blog digest here.

Optimization Modeling 84

Optimization Modeling Optimization Software Optimization Supply Chains 84

3PL Links

MAY 19, 2024

Image source: PxHere | Mastering Demand and Inventory Planning: Essential Strategies for Success Have you ever thought about how businesses effectively satisfy customer demand and maintain supplied inventory? Demand and inventory planning is a critical procedure that holds the key to success. How to do demand planning?

Inventory Reduction 48

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 48

Carter Logistics

SEPTEMBER 5, 2018

Blog Topics. Most companies these days utilize multiple supply chain methods at once, moving inventory with LTL providers, truckload shipments, and a couple of dedicated milkrun routes. When freight is tracked in real time, businesses can take control of inventory and the inflow and outflow of manufacturing resources.

Supply Chains 111

Supply Chains How To Logistics Waste 111