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

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The Logistics of Logistics

MAY 8, 2023

Shane began his career working with the Wal-Mart Innovation Network, a group dedicated to providing market feasibility analysis to inventors and innovators. It may be necessary to look for a more experienced and capable provider to meet your growing needs.

3PL 328

3PL Logistics Network Optimization Software Buyer Training Distribution 328

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

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

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

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

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

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

Logistics Business Magazine

AUGUST 18, 2021

innovation GmbH, a Germany-based developer of autonomous drone-based inventory management systems. The result is an elegant solution that overcomes the biggest limitations of drone-based inventory control: flight endurance, unsupervised operation, and fully autonomous navigation within GPS and light-deprived environments.

Inventory Reduction 71

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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. However, the efforts to slow down inflation in the U.S.

Global logistics 84

Global logistics Analysis Negotiate Pricing Negotiating Skills 84

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

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Logistics Viewpoints

FEBRUARY 16, 2021

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. Scenario analysis allows you to weigh alternatives by calculating the effects of possible changes.

Supply Chain Planning Software 183

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 183

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

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

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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

GlobalTranz

NOVEMBER 8, 2018

To meet demand, shippers must rapidly ramp up production and move more product, but the industry is struggling. 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. Download Here.

Analysis 60

Analysis Data Supply Chain Software Optimization Software 60

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.

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Logistics Viewpoints

DECEMBER 30, 2024

A production plan from an IBP meeting should be considered a rough-cut long-term plan, merely the best estimation of what was likely, not something written in stone. Production, in the short term, needed to flex to meet new opportunities and unexpected constraints. This realization led to a new focus on agile planning.

Supply Chain Planning Software 133

Supply Chain Planning Software Scenario Planning Supply Chain Design Software Vendor Strategies 133

Logistics Viewpoints

JULY 23, 2024

Map supply chain processes: Map out the various processes within the supply chain, from sourcing and procurement to production, inventory management, distribution, and customer fulfillment. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g.,

Optimal Sourcing 155

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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

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

For businesses that carry non-perishable goods it’s tempting to order and carry surplus stock to help meet market demand and hit order fulfillment targets. 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?

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

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

Ship Monk

JULY 18, 2024

Reduce shipping and inventory costs to gain pricing flexibility. Here’s what to look for: The ideal software platform combines order management, inventory management, warehouse management and transportation management, enabling you to track orders and inventory levels across all channels on one user-friendly platform.

Inventory Reduction 111

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 111

Logistics Viewpoints

JULY 19, 2021

The goal is to produce an integrated plan that meets the strategic goals of the overall organization. The goal is to match projected demand over the coming quarters with the ability of the organization to produce products that meet that demand. Finally, after collaboration and further analysis, the annual plan is agreed to.

Supply Chain Planning Software 165

Supply Chain Planning Software Scenario Planning Negotiating Skills Logistics Network Optimization Software 165

EazyStock

FEBRUARY 1, 2021

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

Inventory Reduction 52

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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.

Scenario Planning 151

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Logistics Viewpoints

APRIL 3, 2023

Even if a company does a pareto analysis and addresses 80% of the exceptions, that 20% of issues unaddressed leaves a lot of money on the table. If there is not enough inventory to meet the demands of all the customers, which customers does a company prioritize? Allocation is a good example of this.

Supply Chain Planning Software 165

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 165

Logistics Viewpoints

MAY 23, 2024

This involves setting up numerous parameters like lead times, inventory levels, production capacities, and demand forecasts, all of which must be adjusted for different scenarios. APS are complex, live production environments requiring extensive configuration to accurately model a business’s operational reality.

Scenario Planning 142

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Logistics Viewpoints

SEPTEMBER 29, 2022

Visibility across the supply chain can enhance the ability to locate inventory and more intelligently prioritize its allocation to projects. The supply chain team conducted an in-depth analysis of 3 key projects and determined that 61% of components are internationally sourced, and most critical components are manufactured in Asia or Europe.

Supply Chain Transformation 153

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Ship Monk

FEBRUARY 24, 2024

In the previous example, you have the physical weight that extra travel inventory creates in your luggage that you have to lug around. When you order inventory, you want to ensure you have enough stock to meet demand, especially around sales and peak season.

eCommerce 105

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Logistics Viewpoints

JANUARY 26, 2021

The hyper-focus on meeting customer expectations is also creating pressures upstream in the supply chain, as manufacturers extend visibility and collaboration beyond their own walls to avoid any disruptions. To meet customers’ growing expectations for personalized offerings, the typical company’s product lines have grown exponentially.

Supply Chain Software 169

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 169

Ship Monk

FEBRUARY 29, 2024

As much as we’d like to think that ecommerce is taking over the world, it still only accounts for around 21% of retail sales according to a 2023 Digital Commerce 360 analysis of U.S. A physical store can also help with inventory and returns in areas that may need logistical support. Department of Commerce figures.

eCommerce 105

eCommerce Inventory Reduction Waste Reduction Cost Reduction 105

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

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

Logistics Bureau

OCTOBER 9, 2023

Quality and Detail of Data and its Analysis In some of our earlier posts, we’ve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It’s not a short list, so we’ll set it down here as a summary to help you with plans for analysis.

Supply Chain Design Software 104

Supply Chain Design Software Supply Chain Design Distribution Networks 104

SYSPRO Smarter ERP

JUNE 21, 2022

Making the situation worse, trucking companies haven’t been able to hire back enough drivers to meet demand. Instead, businesses have focused most their investments on inventory control and order requirements. The analysis is mostly on point; however, the blame does not lie with Lean.

Supply Chain Planning Software 105

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Logistics Viewpoints

JANUARY 23, 2024

Zebra Technologies and FourKites The Zebra Technologies booth highlighted a number of supply chain-focused partnerships, including an e-commerce packing and sortation conveyor and AI powered inventory management application. Infor is able to use its visibility application to dynamically update ETAs and look at the impact on inventory.

Supply Chain Planning Software 138

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 138