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

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

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

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. 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

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. 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

EazyStock

OCTOBER 20, 2020

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. Fine-tune your stock replenishment strategies. Know your star products! Make sure you have a set of ‘rules’ for every SKU you carry. Inventory classification, such as.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

Logistics Viewpoints

MARCH 17, 2022

When my fiance heard about the price, he advised that I find a local hairdresser and set up a frequent-shopper account with them for a few months until the tool is back in stock. Network cost modeling. Automated forecasting processes. Real-time insights embedded into operations. Data cleansing and data robustness.

Supply Chain Planning Software 133

Supply Chain Planning Software Modeling Software Optimization Software Scenario Planning 133

Logistics Viewpoints

MAY 11, 2023

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. For example, they can test the effect of increasing or decreasing safety stock levels or changing the replenishment frequency of certain products. come with any of them.

Optimization Software 122

Optimization Software Supply Chain Design Software Modeling Software Digital 122

FreightWaves SONAR

FEBRUARY 23, 2021

This presents a huge challenge for enterprise shippers who have not embraced modern technology and freight tools. Unfortunately, ocean shipments data is rarely easily accessible or available for analysis by enterprise shippers. It makes for more work when the network falls behind, to begin with. It’s a relatively simple concept.

Maritime 84

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

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

Logistics Bureau

OCTOBER 10, 2024

Slotting is normally restricted to the picking face or online locations only, however it can impose some general rules for stock location in the bulk areas in order to increase replenishment efficiency. Increase replenishment and put-away efficiency. High level Slotting is a minimum requirement for the implementation of a new facility.

Production 74

Production Inventory Reduction Cost Reduction Expense Reduction 74

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. It gives consumers a sustainability benchmarking tool for the products they buy.

Supply Chain Planning Software 117

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 117

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 123

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

Logistics Business Magazine

AUGUST 11, 2020

Many inventory planners are still reliant on basic stock management tools to carry out their challenging roles. Whilst probabilistic formulas are not easy to utilise manually, there are a number of inventory optimisation tools available that simply plug into ERP systems.

Inventory Reduction 67

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 67

Blue Grace Logistics

JUNE 21, 2018

The TMS used should be capable of handling various aspects of transport management including needs assessment, effective analysis, integration and management in addition to providing you visibility on inbound products, receiving, storing and distribution. BlueShip® offers cutting-edge tools for strong reliability and quick performance.

Cost Reduction 69

Cost Reduction Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 69

Logistics Viewpoints

MARCH 4, 2021

Ensure that, somewhere along the way, data diagnostic tools will be used to check for missing and inconsistent data automatically. . Replenishing stores to meet availability targets or adjusting prices to keep a certain competitive position in the market are just some examples. Going Autonomous.

Supply Chain Planning Software 113

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 113

EazyStock

MARCH 26, 2018

The software includes advanced algorithms for trends, seasonality, dynamic safety stock calculations and more, and we invest heavily in R&D to make sure our tool is the most powerful on the market. You will get notified when you need to replenish, have outliers, or run the risk of a stock out. Automated alerts.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

Logistics Bureau

APRIL 15, 2016

Whilst there are variations to the operations of a warehouse; if we consider the direct labour component only, then products need to generally go through the following processes of receiving, put-away, storage, replenishment, picking, staging and dispatch of products to customers. 20%) make up a greater percentage of what we sell (80%).

Waste Reduction 73

Waste Reduction Supply Chain Planning Software Cost Reduction Inventory Reduction 73

EazyStock

JULY 19, 2019

Replenishment. Finally, campaigns and promotions are great tools for marketers but can be a headache for planners and purchasers. One common method is to sort SKUs based on ABC analysis, where you classify your inventory into A, B and C classes depending on their annual consumption value. Replenishment. Inventory policy.

Optimal Sourcing 55

Optimal Sourcing Optimization Software Inventory Optimization 55

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

Logistics Bureau

DECEMBER 19, 2022

Slotting Increases Replenishment Efficiency. If warehouse product slotting increases productivity and efficiency in picking, thereby reducing warehouse costs, it stands to reason that it does the same for replenishment and put-away activities. Productivity improvements in picking, replenishment, and put-away.

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

EazyStock

JANUARY 27, 2019

Either they don’t have enough time or human resources to address the challenge or they don’t have the right tools for the job. To achieve that balance, you need methods and tools that can give you a complete overview of your entire stock. Small- and mid-sized businesses (SMBs) often ignore high inventory levels.

Inventory Reduction 45

Inventory Reduction Inventory Supply Chain Planning Software Procurement Solutions 45

Ship Monk

APRIL 30, 2024

Regardless of the size of your ecommerce brand, it doesn’t hurt to periodically reevaluate if the software tools you’re using are giving you everything you need. Strength, Weakness, Opportunity, Threat) analysis that will help you make your best, most strategic decisions for finetuning your operation through optimal order management.

Supply Chain Design Software 105

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

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

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. What other types of automation tools do you use today?

Automation 52

Automation Procurement Solutions Purchasing Skills Replenishment 52

Stord

APRIL 4, 2022

Integrated Order Management and Inventory Planning “Proper demand planning beyond replenishment plans. There are few tools in the industry that can also utilize what-if analysis to plan for segments of the year - such as seasonality, peaks/valleys based on marketing campaigns, or regional opportunity planning.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Optimization Software 78

WorkWave

JUNE 27, 2024

During economic downturns, driver recruitment slows down, and as the economy recovers, there is often a lag in replenishing the driver pool. Telematics and Fleet Management Tools Telematics systems provide real-time data on vehicle performance and driver behavior, helping managers make informed decisions and improve overall efficiency.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

EazyStock

AUGUST 21, 2020

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. Using ABC analysis, you can classify your inventory items into three groups based on their value to the business. For most companies 80% of their revenue comes from 20% of their stock.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 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

AUGUST 28, 2023

If that’s your reality, you’ll identify with the leading precision engineering cutting tool distributor, Cutwel. Data analysis: Software’s powerful algorithms and complex calculations make it easy to analyze data to identify trends, patterns, and correlations.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

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 ). 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.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

FreightWaves SONAR

JANUARY 22, 2021

Having access to real-time data and having shipping technology systems that allow for fast analysis is vital. Cloud-based systems, automated processes , machine-backed performances, and advanced tool integration will all help shippers improve and keep ahead of the competition.

Supply Chain Software 59

Supply Chain Software Logistics Network Optimization Software Resource Reduction Sourcing Strategies 59

EazyStock

JULY 13, 2020

However, with an inventory optimisation tool like EazyStock, this becomes a straightforward task. You simply load your list of critical items into the system so you can easily monitor them more closely and set individual replenishment parameters. However, ABC analysis is quickly out-of-date. Investing in the Right Inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

Logistics Business Magazine

OCTOBER 3, 2021

The tool is available as a free global standard for humanitarian organisations and enables up-to-the minute tracking of food, non-food items, in-kind and cash donations, as well as financial information about goods in the supply chain. After selling his logistics company Fritz Companies Inc.

Logistics Network Optimization Software 51

Logistics Network Optimization Software Supply Chain Software Logistics Humanitarian aid 51

Log-hub

SEPTEMBER 17, 2024

The right inventory policy can be identified by a detailed inventory analysis of demand patterns, lead time for replenishment, storage costs, and production timelines. Less risk of stocking out and timely replenishment. This policy can be flexibly applied to various items with the changing demands.

Inventory Reduction 40

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 40

Blue Grace Logistics

AUGUST 30, 2021

As per the current analysis of Reports and Data , the global refrigerated transport market was estimated at $14.8 New generation software has simplified the handling of vast amounts of information, and, in the case of the warehouse, WMS applications work as excellent stock control tools. from 2019 to $23.1 billion by the year 2027.

Optimization Software 62

Optimization Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 62