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

SYSPRO Smarter ERP

AUGUST 28, 2023

Benefit 2: Enhanced organizational controls and compliance Advanced ERP systems provide features like dimension analysis, offering a multi-dimensional view of financial data. This enables flexible financial analysis, improves governance, and supports scalability as businesses grow and expand their operations globally.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Optimization Software ERP 98

Conger

MAY 24, 2023

Want to learn about automatic replenishment? Keep reading to find out: What automatic replenishment is How it works Who can benefit from it Its advantages and disadvantages The different types Best practices for choosing a system and vendor And lots more! Table of Contents What Is Automatic Replenishment? Let’s dive in!

Replenishment 40

Replenishment Supply Chain Planning Software Supply Chain Design Software Optimization Software 40

Logistics Viewpoints

JANUARY 23, 2024

Kinaxis is focusing on the QSR industry first, looking at replenishment for both food and the necessary durable goods. If only 70 percent of burger orders use pickles, this changes the replenishment model for both items. The example they gave me was to understand the yield for a burger with pickles at a QSR.

Supply Chain Planning Software 147

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 147

Logistics Viewpoints

APRIL 4, 2024

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. When I throw out liverwurst because it has expired in the deli fridge, that waste needs to be accounted for when forecasting later in the future.

Scenario Planning 160

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 160

EazyStock

OCTOBER 20, 2020

Inventory control is a key function of supply chain management that maintains appropriate quantities of stock to meet customer demand. ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company. ABC analysis, will help with this. What is stock optimization?

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

EazyStock

JUNE 24, 2020

Even sophisticated Enterprise Resource Planning (ERP) or Warehouse Management Systems (WMS) rely heavily on users manually inputting forecasting and replenishment parameters to automate any form of reordering alerts. Inventory optimization tools, such as EazyStock, offer great stock classification and analysis functionality to help.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

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

Logistics Bureau

OCTOBER 10, 2022

Instead, your company’s optimal inventory performance will be such that you can meet the service levels you aspire to (or to which your customer agreements commit you) with the barest minimum negative impact on profit and working capital. Ignoring the presence of forecast biases which skew replenishment patterns.

Inventory Reduction 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

FreightWaves SONAR

FEBRUARY 23, 2021

As experienced personnel retires, not enough hands come in to replace them to meet current levels of demand. Unfortunately, ocean shipments data is rarely easily accessible or available for analysis by enterprise shippers. One of the greatest challenges to overcome remains the simple lack of new maritime shipping professionals.

Maritime 84

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

Logistics Bureau

JULY 18, 2022

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. 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.

Inventory Reduction 116

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 116

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. 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

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. 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

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

SYSPRO Smarter ERP

DECEMBER 19, 2022

Inventory optimization is the process of maintaining the right amount of inventory required to meet demand, in the right locations, at the same time reducing inventory-related costs, and avoiding common inventory issues such as stockouts, overstocking, and backorders. Inventory optimization.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

SYSPRO Smarter ERP

DECEMBER 19, 2022

Inventory optimization is the process of maintaining the right amount of inventory required to meet demand, in the right locations, at the same time reducing inventory-related costs, and avoiding common inventory issues such as stockouts, overstocking, and backorders. Inventory optimization.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

Logistics Viewpoints

MAY 17, 2021

Based on the retailer’s forecast, inventory needs to be held to meet the expected sales. The ecommerce retailer demand models also do not include an analysis of lost sales based on out-of-stock situations – orders that should have been placed by the retailer that were not. “You But the forecast can be very wrong.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software eCommerce Optimal Sourcing 105

EazyStock

FEBRUARY 18, 2020

You can determine which SKUs are your most valuable with ABC analysis , and this can help you both prioritize SKUs and determine the optimal warehouse layout to keep those SKUs close at hand for your pickers and packers. Will EOQ orders meet the minimum order quantity (MOQ) requirement of suppliers?

Ordering 95

Ordering Purchasing Skills How To Inventory 95

MTS Logistics

OCTOBER 18, 2021

Retailers are faced with a new challenge almost every single day and have tried to replenish their inventories relentlessly during this chaos. Some companies were unable to fully meet the “strong demand” for their products in the second half of the year due to shutdowns, despite switching production to other regions.

Purchasing Skills 77

Purchasing Skills Replenishment Definition Inventory 77

GlobalTranz

DECEMBER 21, 2016

The final result is technology that you can rely on to meet your distribution needs. This is a hands-free technology that uses spoken commands for picking, putting, receiving, replenishing and warehouse shipping functions. Real-time data analysis and communications. Warehouse Robotics Technology. Increased picking accuracy.

Supply Chain Design Software 105

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

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. However, the additional benefits of actual tender trucking data via EDI or API are much more significant than meets the eye. Download the White Paper.

Data 98

Data Reliability Supply Chain Planning Software Trucking 98

EazyStock

FEBRUARY 26, 2020

Faced with the risk of stockouts, a damaged reputation and reduced profits, some businesses will resort to stocking high quantities of every SKU to meet demand. The first stage of inventory optimization is to set accurate demand forecasts so you only carry the products you need to meet demand. Review your Stock Replenishment Rules.

Availability 52

Availability How To Inventory Reduction Supply Chain Planning Software 52

MTS Logistics

AUGUST 15, 2022

at all costs to meet order demand from large retailers and consumers. If inflation is expected to start falling by the end of this year and go back to normal levels sometime next year, import shipments must have a six month head start to meet expected demand. This demand seemed to be never ending. The Slowdown.

Supply Chain Software 89

Supply Chain Software Capacity Supply Chains Replenishment 89

EazyStock

JULY 19, 2019

In plain English, inventory optimization is the practice of having the right inventory to meet your target service levels while tying up a minimum amount of capital in inventory. But those who account for uncertainties within their supply chain will be one step ahead of their competition and better prepared to meet customer demand.

Optimal Sourcing 55

Optimal Sourcing Optimization Software Inventory Optimization 55

Logistics Business Magazine

AUGUST 11, 2020

Forecasting and replenishment formulas that use historic consumption or average stock days are only effective when demand and lead times remain static and the only way for the user to consider any variance is to continually update their calculations. With an inventory optimisation tool, such alerts can be set-up to happen automatically.

Inventory Reduction 67

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 67

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 110

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 110

EazyStock

FEBRUARY 1, 2021

Simply reacting to market change is not enough, because you may have insufficient stock to meet a surge in demand or even miss out on a trend altogether. In each case the future demand forecasting, replenishment and safety stock calculations need to be treated differently. Accurate eCommerce inventory replenishment. Here’s why….

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

EazyStock

MARCH 26, 2018

You want to have the right products in stock to be able to meet your customers’ expectations on delivery times. You will get notified when you need to replenish, have outliers, or run the risk of a stock out. This includes stock health analysis, service levels and stock turn. Target service levels. Reports at a glance.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

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. 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. Supplier lead time reduction.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Therefore, it is important to measure how well these suppliers meet the expected high level of quality. Return Material Authorizations (RMAs): RMAs measure how many products or deliveries are returned and whether a product meets customer requirements. It is best captured in an ERP system and analyzed digitally.

Manufacturing Procurement 105

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

Logistics Bureau

NOVEMBER 16, 2020

You could be particularly numerate, or into analysis. Look out for industry-type events in your area, as these provide an opportunity for you to meet lots of people. The buyer’s job is to meet with vendors and negotiate the best possible product supply deals, and then oversee deliveries to ensure all contract obligations are fulfilled.

Supply Chain Planning Software 118

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 118

MTS Logistics

JULY 15, 2024

Retailers are replenishing inventories, leading to higher volumes of imports and exports. Companies like Amazon, Alibaba, and other online retailers are importing vast quantities of goods to meet consumer demand. E-commerce Boom : The continued growth of e-commerce has significantly increased the demand for container shipping.

Supply Chain Software 75

Supply Chain Software Cost Reduction Inventory Reduction Supply Chains 75

WorkWave

JUNE 27, 2024

Despite offering higher wages and bonuses, they struggled to meet delivery deadlines, resulting in customer complaints and loss of sales. While essential for safety, these regulations reduce the number of active driving hours, necessitating more drivers to meet delivery demands. These increased costs are often passed on to consumers.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

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

Logistics Business Magazine

FEBRUARY 2, 2024

At the upcoming LogiMAT in Stuttgart, March 19th to 21st, Dematic highlights how every solution they design and install is focused on taking customers beyond merely meeting targets and propels their businesses to a far-reaching future able to tackle any obstacles on their individual journeys. Under the motto, ‘Solved: Your Ambition.

Logistics Network Optimization Software 53

Logistics Network Optimization Software Materials Handling Automation Picking 53

Logistics at MPEPS at UPV

MARCH 1, 2018

DHL solutions design team offers a wide portfolio of experience and support, from logistics network strategy, transport design, warehouse design, and simulation, to operational improvement and inventory analysis. DHL had developed a supplier integration system to meet just these kinds of challenges.

Supply Chain Design Software 40

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Supply Chain Design 40

EazyStock

APRIL 13, 2022

This will ensure that you have the right goods, at the right time, and in the right place to meet customer demand. Supply chain strategy execution – this is where inventory teams will manage warehouses and inventory levels to ensure the company can meet customer demand. Supply chain strategy design. Purchasing.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52