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. A good forecasting tool will identify demand trends at SKU level and adjust forecasts accordingly.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

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

EazyStock

OCTOBER 20, 2020

Trends: Product demand is influenced by fashion, technology, social, economic and legal factors. Look out for such trends in your historical demand data and adjust your forecasts accordingly. ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Logistics Bureau

JULY 18, 2022

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. Naturally, the first part of this task will be to research and clarify those key trends.

Inventory Reduction 116

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 116

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

FreightWaves SONAR

FEBRUARY 23, 2021

The solution: Recognizing market trends as they occur in real-time is easier with access to actionable, insightful data. Unfortunately, ocean shipments data is rarely easily accessible or available for analysis by enterprise shippers. It’s a relatively simple concept.

Maritime 84

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

SYSPRO Smarter ERP

FEBRUARY 2, 2022

Inventory control can benefit from Artificial Intelligence (AI) because AI provides powerful insights for companies, highlighting interesting trends from large volumes of data that help procurement and warehouse teams to better manage the daily tasks of inventory management. Inventory management in the supply chain. Tracking issues.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Reduction Inventory Optimal Sourcing 105

10xLogistics

MAY 14, 2024

Today, we will cover all things Demand Planning and I will follow this with a sub-post dealing with the topic of CPFR (Collaborative Planning, Forecasting and Replenishment). Tools like CPFR (Collaborative Planning, Forecasting, and Replenishment) can enhance this process by aligning all stakeholders on shared objectives and data.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Modeling Software Scenario Planning 62

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

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

Talking Logistics

SEPTEMBER 4, 2018

Is there a common trend in inventory management? Hence following so-called industry trends may not always yield targeted results. Replenishment. It starts with assessing the inventory health of an organization; root cause analysis is performed at strategic, tactical and operational levels; and then recommendations are proposed.

Inventory Reduction 97

Inventory Reduction Inventory Logistics Network Optimization Software Cost Reduction 97

Logistics Bureau

OCTOBER 10, 2022

The second is when you implement segmentation of the SKUs in your portfolio based on Pareto analysis. Inaccurate forecasts typically arise from mistakes, which, once identified, can be eliminated, such as: Failure to understand seasonality and other trends affecting demand volumes. 2: Forecast Accuracy. 3: Supplier Lead Time.

Inventory Reduction 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

SYSPRO Smarter ERP

AUGUST 7, 2023

Inventory managers can plan replenishment to satisfy demand from sales and production. This is a trend that I see time and again across manufacturing businesses of all sizes and across industries. It goes beyond basic inventory tracking and offers automated replenishment processes.

ERP 98

ERP Manufacturing Procurement Optimal Sourcing Procurement Analytics 98

Stord

MARCH 24, 2020

Inventory replenishment becomes a challenge as a result and you risk not being able to fulfill customer orders or reorder from the manufacturer. Use supply chain data to identify demand trends Know how demand varies per geographic region based on historical sales data and determine what ideal stock levels should be accordingly.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Software Events Supply Chain Design 78

MTS Logistics

JANUARY 3, 2023

Until the next contract season, which traditionally kicks in April-May, no major upward trend is expected. Increased pressure to replenish inventories. Regardless of overall economic indicators, importers overall will be under a great dilemma to replenish diminishing inventories or wait for a better economic environment.

Negotiating Skills 103

Negotiating Skills Industry Tracking and Tracing Inventory Reduction 103

EazyStock

JULY 19, 2019

The world is going through several revolutions simultaneously; digitalization, globalization and security threats are just a few of the macro trends that affect companies and supply chains worldwide. Replenishment. This analysis helps you to determine which items to stock in your warehouse and which items can be ordered on demand.

Optimal Sourcing 55

Optimal Sourcing Optimization Software Inventory Optimization 55

MTS Logistics

AUGUST 15, 2022

And this trend is here to stay for the foreseeable future. The supply chain and logistics usually move ahead of trends. Importers would want to replenish their inventories prior to the Chinese New Year which falls on the last week of January 2023 this year.

Supply Chain Software 89

Supply Chain Software Capacity Supply Chains Replenishment 89

EazyStock

MARCH 4, 2021

Most items in the growth stage will experience an upward demand trend. Secondly, you should identify items with seasonal demand patterns and market trends and again fine-tune the forecast. A basic form of inventory categorization is ABC analysis. With ABC analysis, you group products based on one dimension: value.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

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. Seasonality, trends, promotions and new products.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

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 is used to understand trends and patterns in behavior. Big data analysis allows you to get real-time information about the flow of supply chain operations and stock management.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

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.

Inventory Reduction 67

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 67

Blue Grace Logistics

MARCH 20, 2023

Last year was an opportune time to present the industry with new data models, as the economy was trending toward a potential recession. In uncertain times, people are hungry for analysis, data, forecasts, indexes to feed information; when things are consistent and steady, people depend less on quantitative data and look more to qualitative.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Inventory Reduction Resource Reduction 62

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers.

Supply Chain Planning Software 59

Supply Chain Planning Software Procurement Solutions Optimal Sourcing Procurement 59

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. Reports at a glance.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

EazyStock

AUGUST 28, 2023

Data analysis: Software’s powerful algorithms and complex calculations make it easy to analyze data to identify trends, patterns, and correlations. Instead of relying on guesswork to determine the right inventory levels, data-centric solutions analyze variables including lead times and sales trends.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Freightos

MARCH 3, 2015

So when I asked Cathy Roberson, a senior analyst at Transport Intelligence and a tech-enthusiast who is vox supplychainus on Twitter at cmroberson06 , I was not surprised when she sent me back an analysis that seems to match up perfectly with some of Google’s recent projects: Google Glasses, Android and 3D printing.

Supply Chain Software 84

Supply Chain Software Supply Chains White Paper Logistics Network Optimization Software 84

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

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

SYSPRO Smarter ERP

NOVEMBER 3, 2021

This is usually accomplished by using statistical sampling of all incoming materials that can produce charts to show the quality trends over time. They are part of the quality management process and require an analysis of the top factors that drive returns to determine where interventions are required in the process. Warehousing KPIs.

Manufacturing Procurement 105

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

Logistics Bureau

JANUARY 11, 2021

To do that we use a technique called conjoint analysis. What conjoint analysis does is give a forced value to what customers genuinely expect, because that allows you to prioritise what resources you apply to servicing those customers. This is pretty useless information, to be honest. But the same applies to the products.

Logistics Network Optimization Software 73

Logistics Network Optimization Software How To Supply Chain Design Networks 73

Blue Grace Logistics

AUGUST 30, 2021

What are the current and future trends in cold storage and transportation. As per the current analysis of Reports and Data , the global refrigerated transport market was estimated at $14.8 The following trends are transforming the way of operating companies dedicated to cold logistics: 1. from 2019 to $23.1

Optimization Software 62

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

WorkWave

JUNE 27, 2024

According to the American Trucking Association, the industry faced a shortage of over 80,000 drivers in 2021, projected to grow to 160,000 by 2030 if current trends continue. During economic downturns, driver recruitment slows down, and as the economy recovers, there is often a lag in replenishing the driver pool.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

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

FreightWaves SONAR

JUNE 7, 2023

Being able to automatically compare multiple rate, capacity and service trends on a lane-by-lane basis would enable shippers to fine-tune their RFPs and bid processes to bring down costs in only the lanes where they’re paying too much, so that they don’t increase the risk of service failures. Immediate freight cost reductions of 16.5%

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Optimal Sourcing 52

EazyStock

NOVEMBER 17, 2022

These should be based on previous sales periods during Black Friday, Small Business Saturday and Cyber Monday, or other similar promotional periods that can help the analysis. With a demand forecasting and purchasing optimization tool, you can automatically optimize replenishment for the best inventory values and service levels.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52