Logistics Bureau

OCTOBER 10, 2022

Too much inventory in your distribution network? Inventory costs too high? These are all pervasive issues for supply chain operators worldwide—and are classic symptoms of suboptimal inventory performance. But what exactly does inventory optimisation mean, and what obstacles must first be broken down to achieve it?

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

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

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 Inventory Optimization Modeling 98

Logistics Bureau

DECEMBER 22, 2024

A KPI is a practical and objective measurement of progress, either: Towards a predetermined goal, or Against a required standard of performance It might help to think of a KPI as something like an instrument on a car dashboarda speedometer, for example. Why Are KPIs Important?

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

Logistics Bureau

MAY 24, 2021

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”. Let’s Start with Safety Stock.

Inventory Reduction 98

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain 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

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Reduction 98

Inventory Reduction eCommerce Inventory Procurement Solutions 98

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

MTS Logistics

MAY 27, 2022

inventories and consumer behavior, and reconciling them with maritime supply/demand dynamics is getting harder each day. For example, recently Target was forced to write down the value of excess inventory that’s stuck in warehouses. The shipping ecosystem is ever-changing. Furthermore, T.J.

Global logistics 105

Global logistics Analysis Negotiate Pricing Negotiating Skills 105

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

Logistics Viewpoints

AUGUST 9, 2022

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

Inventory Reduction 104

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Inventory 104

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

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

WorkWave

MARCH 5, 2025

The Solution: A Centralized Data Warehouse A data warehouse consolidates all business datasales, customer interactions, inventory, marketing and financialsinto a single source of truth. The provider integrated job schedules, inventory levels, and customer feedback into a single system by implementing a centralized data warehouse.

Optimal Sourcing 85

Optimal Sourcing Waste Reduction Resource Reduction Sourcing Strategies 85

Logistics Viewpoints

FEBRUARY 7, 2025

ITR Economics analysis shows rising and unmet demand for electric power from sustainability initiatives, coupled with the proliferation of data center construction ($27.3 For example, the global logistics automation market is expected to grow from $50 billion in 2023 to $120 billion by 2030, according to Allied Market Research.

Cost Reduction 82

Cost Reduction Inventory Reduction Price Reduction Supply Chain Planning Software 82

Logistics Bureau

JANUARY 20, 2025

Imagine your inventory system automatically placing orders when stock runs low, your warehouse robots picking and packing orders 24/7, and your delivery routes optimizing themselves based on real-time traffic conditions. What are some examples of Supply Chain Automation? What are the benefits of supply chain automation?

Supply Chain Software 75

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 75

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

Logistics Viewpoints

FEBRUARY 19, 2025

The application of RPA in international logistics covers various aspects from order processing to customer service, from inventory management to transportation management. Customer Service Process Optimization : RPA can assist the customer service team in automatically handling customer inquiries.

Logistics Network Optimization Software 75

Logistics Network Optimization Software Optimization Software Cost Reduction Logistics 75

Logistics Bureau

DECEMBER 6, 2024

Looking to real-life examples for inspiration, we can ask, ‘Who does reverse logistics well?’ This process involves handling returns, which can be due to various reasons, such as damage, defects, seasonal inventory, restock, salvage, recalls, or excess inventory. They may have ordered more than they need.

Reverse logistics 74

Reverse logistics Cost Reduction Vendor Strategies Inventory Reduction 74

Dedola Global Logistics

JANUARY 14, 2023

Transloading: A Comprehensive Guide With Client Examples . For example, a shipment of heavy machinery may be transferred from a cargo ship to a truck using a break-bulk method, with the machinery being stored temporarily in a warehouse before being loaded onto the truck for the final leg of the journey. Contact Us. 562) 594-8988.

Examples 66

Examples Cost Reduction Expense Reduction Inventory Reduction 66

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

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

Logistics Business Magazine

AUGUST 11, 2020

According to EazyStock, one area where big gains can be made is around inventory management. Many inventory planners are still reliant on basic stock management tools to carry out their challenging roles. Manual inventory management is labour intensive and can often lead to stock imbalances.

Inventory Reduction 67

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 67

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

TransAudit

FEBRUARY 13, 2025

Use tools to automate root cause analysis and reduce dependency on manual reporting. fill rates, inventory accuracy, and forecast reliability). Assess Current Capabilities Conduct a maturity assessment to benchmark current performance: Evaluate critical areas like warehouse operations, inventory planning, and logistics.

Supply Chain Software 59

Supply Chain Software Supply Chain Planning Software Supply Chains Inventory Reduction 59

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

Stord

JANUARY 7, 2019

The Wall Street Journal’s recent analysis of retailers’ logistical challenges highlights the appeal and success of alternative solutions to traditional warehousing in retail and beyond. The software that these new approaches often offer allows shippers to view their inventory more easily. Visibility is also vital.

Price Reduction 78

Price Reduction Inventory Reduction Supply Chain Planning Software Supply Chain Software 78

Logistics Viewpoints

FEBRUARY 16, 2021

This example illustrates why supply chain visibility isn’t enough. And the impact doesn’t stop there, since trade-off decisions will be required to answer questions like which customer is most important to satisfy with the limited bolts in inventory and if production capacity should be reallocated. Agility to act on transparency.

Supply Chain Planning Software 131

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 131

Globalior

APRIL 23, 2021

Understanding different types of inventory stockpiles better can lead to supply chain improvement opportunities. Hence, proper inventory management results in higher quality operating processes, resulting in a reduction in waste in resources and capacity. Inventory can be classified in many different ways. Speculative stocks.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Waste Reduction 52

Dedola Global Logistics

JANUARY 14, 2023

Transloading: A Comprehensive Guide With Client Examples Transloading is a process that involves transferring cargo from one mode of transportation to another during the shipping process. We conducted a cost analysis of truck vs. rail shipping from Long Beach to Chicago. This could have had a significant impact on their profits.

Examples 52

Examples Cost Reduction Expense Reduction Inventory Reduction 52

EazyStock

FEBRUARY 18, 2020

The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Holding costs (otherwise known as carrying costs) are the costs to store the inventory and include the storage space, rent, deterioration, obsolescence, property tax, insurance, etc. Let’s take a look at an example.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

Logistics Viewpoints

MARCH 8, 2021

For example, go to the Walmart, turn right, and it is the third house on the left. This digital twin contains network costs – the inventory carrying cost is X for this product, by Y for this one. The cost reduction includes sourcing, customs & duties, transportation, production, and inventory holding costs.

Supply Chain Design Software 127

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 127

Logistics Viewpoints

APRIL 4, 2024

During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. Another example of data normalization is accounting for lost sales due to stockouts or waste of perishable products due to overstocking of inventory. Wouldn’t it be cool to know within minutes?

Scenario Planning 125

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 125

Freightos

DECEMBER 20, 2022

Well, an analysis of US import container volumes 1 as a share of consumer spending 2 in 2021 and 2022 to date implies that every $1,000 in ocean freight costs per forty-foot container accounts for 0.09% of personal consumption expenditures each year. By June of this year, the CPI was increasing at an annual rate of 9%, or 4.5X

Purchasing Skills 62

Purchasing Skills Analysis Cost Reduction Freight 62

3PL Links

NOVEMBER 19, 2024

The 3PL service provider allows the company that uses it to: Reduce costs with deliveries (especially if the end customers are individual senders) and with storage and inventory management. Data analysis and application of artificial intelligence are some examples of practices expected at this level of logistics outsourcing.

4PL 62

4PL Optimal Sourcing 3PL Sourcing Strategies 62

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

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