EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Read our blog on demand forecasting accuracy for more details. ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

EazyStock

NOVEMBER 17, 2020

This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities. Can you recognize the warning signs that your business needs automated inventory planning and replenishment ? Automated replenishment is critical to ERP inventory management.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

EazyStock

JUNE 24, 2020

In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning. You can then either manually adjust replenishment parameters e.g

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

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

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

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 ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

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. With an ERP, all departments are looking at the same data.

ERP 98

ERP Manufacturing Procurement Optimal Sourcing Procurement Analytics 98

Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

NOVEMBER 22, 2023

7 min read Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis In the dynamic world of supply chain management, optimizing warehouse operations has become an indispensable factor for businesses. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Logistics Bureau

DECEMBER 22, 2024

Inventory Days of Supply This KPI tells you the number of days your inventory would last without replenishment, before running out. If your estimations are lower than actual, it could lead to unnecessary and costly inventory replenishment, and in the case of manufacturing, it could result in overproduction. Need More KPI Knowledge?

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

SYSPRO Smarter ERP

FEBRUARY 2, 2022

It is getting harder to track every item in the inventory and to get relevant analysis out of it. The post How AI is transforming manufacturing Part 2: Inventory management appeared first on SYSPRO Blog. To track and report the data, each form of inventory necessitates database management software and specialized methods.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Reduction Inventory Optimal Sourcing 105

EazyStock

JULY 19, 2019

This blog post will briefly go through the key elements of optimizing your inventory and link to resources that will give you more details of each key concept: Demand forecasting. Replenishment. This blog will not go into the detail of ABC classification, but you can read all about it in our blog post on ABC analysis.

Optimal Sourcing 55

Optimal Sourcing Optimization Software Inventory Optimization 55

Logistics Viewpoints

APRIL 4, 2024

In this blog, I will discuss the use of AI/ML demand planning for fresh products to help maximize sales and reduce waste. Similarly, when the weather is warmer than normal, and we stock out of chocolate ice cream, that impacts both future forecasts and the replenishment plan for the following week.

Scenario Planning 123

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 123

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 ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

SYSPRO Smarter ERP

DECEMBER 19, 2022

It’s about having the inventory in place before customers order it, which requires extremely precise forecasting, based on the analysis of large amounts of data. The post Options for inventory planning and forecasting appeared first on SYSPRO Blog.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

FreightWaves SONAR

FEBRUARY 23, 2021

Unfortunately, ocean shipments data is rarely easily accessible or available for analysis by enterprise shippers. Even more importantly, the lack of analysis surrounding ocean import data makes planning drayage moves even more troublesome. It’s a relatively simple concept.

Maritime 84

Maritime Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 84

SYSPRO Smarter ERP

DECEMBER 19, 2022

It’s about having the inventory in place before customers order it, which requires extremely precise forecasting, based on the analysis of large amounts of data. The post Options for inventory planning and forecasting appeared first on SYSPRO Blog.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

EazyStock

FEBRUARY 26, 2020

In this three-part blog series we’re looking at three of the most common inventory management issues faced by stock holding companies. Read our blog on demand forecasting or download our whitepaper for more information. ABC analysis is a simple way to segment your stock based on its value to the business.

Availability 52

Availability How To Inventory Reduction Supply Chain Planning Software 52

EazyStock

MARCH 26, 2018

However, in this blog post we will explain in a little more detail why EazyStock is different from your ERP inventory management capabilities and what value it brings to your business. You will get notified when you need to replenish, have outliers, or run the risk of a stock out. ” [1]. Reports at a glance.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

Logistics Bureau

JULY 18, 2022

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. Another thing we talk about quite often on our blog is how companies often misjudge the needs and preferences of their customers. Vendor-managed inventory or replenishment.

Inventory Reduction 98

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 98

FreightWaves SONAR

MARCH 9, 2021

The analysis of that data helps companies identify reliable insights based on what’s happening today and yesterday, not just what happened last week. It’s a continuous process that helps individual shippers learn when to boost replenishment.

Data 98

Data Reliability Supply Chain Planning Software Trucking 98

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. Slotting Increases Replenishment Efficiency. Productivity improvements in picking, replenishment, and put-away. Slotting Benefits: Summary.

Production 98

Production Inventory Reduction Cost Reduction Resource Reduction 98

Logistics Bureau

OCTOBER 20, 2021

“Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs. This KPI tells you the number of days your inventory would last without replenishment, before running out. Use weekly, monthly, and year-on-year data for your analysis.

Supply Chain Design Software 98

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

FreightWaves SONAR

DECEMBER 30, 2020

This remains key to the overall success of investments within supply chain analysis. If an enterprise chose to replenish stock based on outdated projections and supply chain KPIs , carrying costs could go through the proverbial roof. Simultaneously, making decisions based on outdated data can be even more disastrous than doing nothing.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

EazyStock

AUGUST 28, 2023

In this blog, we’ll explore the untapped potential of data-driven inventory management. Data analysis: Software’s powerful algorithms and complex calculations make it easy to analyze data to identify trends, patterns, and correlations. Manually calculating the EOQ is time-consuming and prone to errors in replenishment.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

FreightWaves SONAR

APRIL 25, 2024

Meanwhile, drayage carriers gauge inbound volume, measured at the point of origin, for a look ahead at local demand in the coming days (see blog for detail). So far this year, international intermodal volume has been boosted by strong import volume as shippers looked to replenish inventories. year over year in Q1. Hunt reported.

Data 64

Data Digital Replenishment Blog 64

EazyStock

AUGUST 21, 2020

We’ve written numerous blog posts on ways to reduce excess and obsolete inventory and lower inventory carrying costs. While these stats will vary to some degree, this is the theory behind ABC inventory analysis – a model that can be used to categorize your stock. Top five inventory reduction methods .

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

SYSPRO Smarter ERP

NOVEMBER 3, 2021

They are part of the quality management process and require an analysis of the top factors that drive returns to determine where interventions are required in the process. They are used to measure how effectively the warehouse processes of receiving, replenishment, fulfilment and shipping perform. Warehousing KPIs.

Manufacturing Procurement 105

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

Blue Grace Logistics

MARCH 20, 2023

Shipper's Guide to Planning Ahead Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - March 20, 2023 Data shows there is a consensus that revenue will increase and inventory levels will build.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Inventory Reduction Resource Reduction 62

EazyStock

MARCH 4, 2021

A basic form of inventory categorization is ABC analysis. With ABC analysis, you group products based on one dimension: value. In these situations you have to think smartly and weigh the costs against each other for replenishment. A items are the most valuable to the business, B items less valuable and so on.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

FreightWaves SONAR

FEBRUARY 16, 2021

Predictive rate analysis and implementation across the supply chain Utilizing real-time data and automated analysis provides valuable information to the network. Real-time data access will help drastically improve success rates, and the entire network benefits from data analysis. Download the White Paper. Think about it.

Supply Chain Software 59

Supply Chain Software Supply Chains Resource Reduction Expense Reduction 59

EazyStock

JUNE 23, 2022

But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Big data analysis allows you to get real-time information about the flow of supply chain operations and stock management. Big data allows you to optimize replenishment.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

EazyStock

FEBRUARY 1, 2021

In each case the future demand forecasting, replenishment and safety stock calculations need to be treated differently. Accurate eCommerce inventory replenishment. Each product will be affected by a different type of demand and have a different variance from their average demand. Seasonality, trends, promotions and new products.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

EazyStock

JANUARY 27, 2019

Plus, by placing larger orders for inventory replenishment, the price per unit will decrease and you spend a smaller percentage on delivery costs, in comparison to higher delivery costs for small or urgent orders. A happy customer is a repeat customer, with follow-up orders that can form the basis for long-standing business relationships.

Inventory Reduction 45

Inventory Reduction Inventory Supply Chain Planning Software Procurement Solutions 45

EazyStock

MAY 22, 2020

Our inventory of about 10,000 items was largely controlled manually, and we were using ‘rule of thumb’ for replenishment. We now have a system that we do not need to double check, which means that we don’t spend as much time on our daily stock replenishment. How has your work changed since you implemented EazyStock?

Automation 52

Automation Procurement Solutions Purchasing Skills Replenishment 52

3PL Links

JULY 7, 2023

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48