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.

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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

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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?”. Turnover Days and How to Calculate Them.

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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. This post will explain how, but first, let’s deal with a few simple definitions. Prioritize your inventory.

Optimal Sourcing 59

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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.

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GlobalTranz

JANUARY 21, 2015

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. The distributor maintains the inventory plan. What is Reverse Marketing?

Vendor Strategies 96

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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

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MTS Logistics

APRIL 3, 2023

Despite this, bloated inventories due to reduced consumer demand are still putting pressure on warehouse rates, leading to a new inflation warning for consumers. Many businesses have increased their inventory levels to ensure continuity of supply during the pandemic.

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Stord

MARCH 24, 2020

The demand spike for some goods leaves certain manufacturers and retailers scrambling to keep up, while others aren’t able to ship out inventory at all as e-tailer resources are rerouted toward emergency supplies. How do you prepare your supply chain for events that you can’t forecast?

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Carter Logistics

SEPTEMBER 5, 2018

How to Get the Most ROI from Supply Chain Logistics. 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. The post How to Get the Most ROI from Supply Chain Logistics appeared first on Carter Logistics.

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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.

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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. C o = cost per order.

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Logistics Viewpoints

JANUARY 21, 2025

Real-time data processing and analysis are crucial for identifying and resolving supply chain disruptions. Inventory Management AI Agents can track stock levels in real-time and compare them with demand forecasts, optimizing inventory levels and preventing overstock or stockouts.

Supply Chain Planning Software 113

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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.

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EazyStock

NOVEMBER 19, 2020

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on time.

Replenishment 98

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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

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Logistics Bureau

APRIL 19, 2022

And get to know about ABC analysis and Pareto analysis. Related articles on this topic have appeared throughout our website, check them out: A Concise Guide to Inventory KPIs for Your Business. KPIs for Your Warehouse: How to Choose and Use Them. How to Select the Right KPIs for Supply Chain Benchmarking.

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GoShip Blog

JULY 7, 2021

To effectively get this done, you must conduct a thorough risk analysis to figure out the weakest links in your supply chain. It will also be best to build up your inventory and find backup suppliers from different locations in the event of a disruption. The first step is to create a supply chain emergency plan and budget.

Supply Chain Planning Software 98

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EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. A critical area of focus should be your eCommerce inventory management processes. Want to know how? Here’s how eCommerce businesses can improve their inventory management. Improving your eCommerce Inventory Management. Forecasting eCommerce inventory demand.

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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.

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MTS Logistics

JUNE 30, 2023

Shippers can move only the inventory they need to meet demand instead of wasting unnecessary time filling a 40-foot container. Shippers can reduce warehousing and inventory costs by using in-transit time as a means of inventory storage. Diversify the shipping portfolio.

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Logistics Bureau

NOVEMBER 16, 2020

You could be particularly numerate, or into analysis. Certified in Production and Inventory Management (CPIM) : The course covers ground such as knowledge of production and inventory management, internal operations, and customer relations. And don’t be afraid to ask their advice on how to start out in the industry.

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Material Handling and Logistics

AUGUST 10, 2018

In fact, I often visit sites where they can’t even quantify certain supplies they have in inventory, whether it’s because cribs have been poorly controlled or the company lacks up-to-date inventory data. If a specification changes or new tools come online, this excess inventory may end up in the trash. Too Little. Too Costly.

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3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. What effects does this have, and how?

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SYSPRO Smarter ERP

MARCH 20, 2024

By streamlining and accelerating data collection and analysis, you get the insights you need for effective decision-making. An effective data management solution makes information easily accessible via a central dashboard, with tabs geared to various business departments (from sales to finance, production and inventory).

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EazyStock

DECEMBER 13, 2021

Many inventory management teams are looking for ways to avoid stockouts, as they can cause problems across the entire organization. However, there are steps you can take to improve your inventory management processes and be better prepared to prevent regular stock availability crises in your business. Demand forecasts. Lead times.

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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. Accurate demand forecasting is critical for JIC inventory management.

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EazyStock

JANUARY 21, 2021

EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment. In this post we’re going to review Dynamics Business Central’s inventory management capabilities and discuss what additional features and benefits EazyStock can offer. Manage non-stocked items.

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Ship Monk

JUNE 16, 2021

Refresh Your Inventory. With that in mind, it makes sense to stir up some serious sales action by refreshing your inventory selection, whether that be by adding new products or breathing new life into old ones. Run a Competitive Analysis. The science is in : As humans, we love novelty. The fresher, the better. Let us know !

eCommerce 91

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Logistics Bureau

JULY 18, 2022

Inventory levels. Step 2: Gap Analysis – Customer Requirements and Supply Chain Trends. Now you know what your customers genuinely expect from your outbound and reverse supply chain, so it’s time to undertake a gap analysis. Step 2: Gap Analysis – Customer Requirements and Supply Chain Trends. Delivery time windows.

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Logistics Bureau

NOVEMBER 23, 2020

Three rules are really important in inventory management. Excess inventory. 3) Draft an Inventory Policy. If you don’t have an inventory policy: 1) You won’t get consensus. Three rules are really important in inventory management. Reduce the Inventory, Make Significant Savings. ARTICLE SUMMARY.

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FreightWaves SONAR

MARCH 18, 2021

Limited insight into inventory demands resulting in problems procuring raw materials The manufacturing supply chain depends on the availability of raw materials to create and distribute goods and products. The post Manufacturing Supply Chain Constraints and How to Overcome Them appeared first on SONAR. Request a SONAR Demo.

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Ship Monk

APRIL 28, 2023

Have your inventory stored in more than one warehouse or fulfillment center. It requires a lot of introspection and critical analysis of your operation. 78% of people say that, “despite their desire to support companies that align with their values, they don’t know how to identify environmentally friendly companies.”

eCommerce 97

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GlobalTranz

NOVEMBER 8, 2018

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. How Surface Mode Shippers Can Compete in E-Commerce Logistics. According to Conveyco , KPIs should be established through data analysis to measure these key areas: Warehouse capacity.

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Turvo

AUGUST 24, 2021

Of all the members who can benefit from logistics technology and digital inventory systems, drivers stand to gain the most from automation and advances that include: . Data collection and analysis can be accurately applied to the network. It highlighted the need for innovation and modernization within the industry.

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Stord

OCTOBER 15, 2024

But how do you do this for every order, each and every day, forever? 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.

Data 78

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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.

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