EazyStock

JUNE 24, 2020

In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning. For example, highlighting unusual dips in demand or longer than expected lead times.

Procurement Solutions 98

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SYSPRO Smarter ERP

APRIL 18, 2022

Manufacturers and distributors need to make sure the right goods and materials are in the right place at the right time, budgeted for appropriately, and replenished as needed. The post How manufacturers and distributors can use ERP to gain control across the supply chain appeared first on SYSPRO Blog.

Manufacturing Procurement 124

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SYSPRO Smarter ERP

FEBRUARY 22, 2024

For example, by stacking containers higher you can make use of vertical space, and mobile shelving units can be useful for seasonal products. For example, the old handhelds took 20 to 60 seconds to load a list of lots. The post Four easy warehouse wins for your manufacturing or distribution business appeared first on SYSPRO Blog.

Manufacturing Procurement 116

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SYSPRO Smarter ERP

MAY 10, 2022

For example, production jobs for different sales orders can be combined to take advantage of commonly used parts and assemblies. The post Assemble-to-Order manufacturing Part 2: ERP solutions to improve operations appeared first on SYSPRO Blog.

Manufacturing Procurement 111

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FreightWaves SONAR

DECEMBER 15, 2020

As an example, it may be necessary to leverage drop shipping to give a manufacturer the opportunity to fill the order and manage its transportation process. Now going back to the examples of what-if scenarios, it is possible to isolate the conditions in which an optimum outcome will occur. That is the simple part.

Scenario Planning 105

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Logistics Bureau

JULY 18, 2022

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. Another thing we talk about quite often on our blog is how companies often misjudge the needs and preferences of their customers. Vendor-managed inventory or replenishment.

Inventory Reduction 116

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Talking Logistics

JUNE 25, 2018

Over the past couple of years, we have published many blog posts and produced several video episodes on supply chain digital transformation (see our archives ). also uses the same pool of inventory to replenish stores and fulfill online orders, a departure from Target’s existing supply chain.”.

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Logistics Bureau

OCTOBER 20, 2021

As an example of how illuminating the perfect order KPI can be, let’s look briefly at damage-free delivery as an example. For example, if the on-time percentage is 98%, the in full is 93%, the damage-free is 99%, and the orders with correct documentation is 96%, the calculation will look like this…. x 0.96 = 0.8661.

Supply Chain Design Software 110

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EazyStock

JANUARY 14, 2020

But unfortunately for inventory management teams, ERPs often lack functionality when it comes to more sophisticated inventory planning and replenishment requirements. Stock planners are often confronted with telltale signs that they need further automation to improve demand forecasting, optimize stock levels and automate replenishment tasks.

Optimization Software 52

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Logistics Bureau

DECEMBER 19, 2022

If you browse through the Logistics Bureau blog, you’ll find at least two or three articles—and about the same number of videos—that cover warehouse product slotting. For example, slotting strategies often involve placing the fastest-moving SKUs close to the warehouse dispatch zones, minimising picking operatives’ travel distances and times.

Production 106

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SYSPRO Smarter ERP

DECEMBER 19, 2022

The Economist has mentioned the role of AI in inventory management and demand forecasting, noting an example where AI can forecast in what order items will arrive at and leave a warehouse, so that pallets can be put in the right position. The post Options for inventory planning and forecasting appeared first on SYSPRO Blog.

Inventory Reduction 105

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EazyStock

JULY 19, 2019

This blog post will briefly go through the key elements of optimizing your inventory and link to resources that will give you more details of each key concept: Demand forecasting. Replenishment. For example, when the product is first introduced to the market it will not have any historical demand at all. Replenishment.

Optimal Sourcing 55

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GlobalTranz

NOVEMBER 4, 2016

Editor's Note: Today's blog is by Carl Turner. For example, a warehouse management system (WMS) is crucial to a modern distribution center management. This is just a crude example, but logistical questions like these will determine things like your pick path and the way items move through your warehouse.

Distribution 101

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SYSPRO Smarter ERP

SEPTEMBER 20, 2022

As they are needed in the production job, they can be taken from a bin in inventory and replenished as a standard Kanban process as the bin empties. For example, if each component is 85% accurate, the overall accuracy of requirements (BOM x Schedule x Forecast) is about 60%. Many ERP systems also use the concept of a kit.

ERP 116

ERP Material Savings Manufacturing Procurement How To 116

EazyStock

FEBRUARY 26, 2020

In this three-part blog series we’re looking at three of the most common inventory management issues faced by stock holding companies. Read our blog on demand forecasting or download our whitepaper for more information. Review your Stock Replenishment Rules. So far we’ve discussed the following: 1.

Availability 52

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SYSPRO Smarter ERP

DECEMBER 19, 2022

The Economist has mentioned the role of AI in inventory management and demand forecasting, noting an example where AI can forecast in what order items will arrive at and leave a warehouse, so that pallets can be put in the right position. The post Options for inventory planning and forecasting appeared first on SYSPRO Blog.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

Infosys Supply Chain Management

JANUARY 13, 2013

View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. I have presented a very simple example to demonstrate the point that the Reorder Point planning can be achieved with CTM Solver. Islamic Banking. Mobile Banking. Payments Treasury.

Supply Chain Planning Software 26

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EazyStock

MARCH 26, 2018

However, in this blog post we will explain in a little more detail why EazyStock is different from your ERP inventory management capabilities and what value it brings to your business. In Microsoft Dynamics NAV for example, you can set values for reorder points and safety stock levels. ” [1]. Reports at a glance.

ERP 72

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SYSPRO Smarter ERP

SEPTEMBER 8, 2021

Running a warehouse as a silo, for example using a spreadsheet, will not help sales when a customer asks for a quote, or the shop floor if they need to know what materials are available for a production run. For example, analyzing real-time production data to uncover hidden inefficiencies and implement changes faster. Download Now.

Supply Chain Planning Software 115

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SYSPRO Smarter ERP

APRIL 26, 2023

Business processes can be automated to improve workflow, and information can flow automatically between different areas of the business — for example, from customer order, to inventory procurement, to production job scheduling, to invoicing and to warehouse shipment. No manual data entry is needed; this means no duplication of work.

Manufacturing Procurement 98

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Logistics Bureau

DECEMBER 20, 2021

In addition, those articles inevitably stimulate readers to post questions, which, over time, we try to answer in detail by creating new blog posts to address them. Inventory Turns: An Illustrative Example. Here’s an example of the total calculation of inventory turns: Company A has COGS of $315 million for the year 2020.

Inventory Reduction 106

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SYSPRO Smarter ERP

NOVEMBER 3, 2021

They are used to measure how effectively the warehouse processes of receiving, replenishment, fulfilment and shipping perform. This may lead to any number of follow-up actions, for example: Redesigning sourcing or material strategies.

Manufacturing Procurement 105

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Blue Grace Logistics

NOVEMBER 3, 2022

The Logistics Blog®. For example, if you’re a retailer and you’re exiting the year with bare shelves, that’s great! It means you had a good holiday season and need to do a tremendous amount of inventory replenishment early in the year. How to Prepare an Efficient Transportation Budget Show Submenu Resources. Whitepaper.

Efficiency 62

Efficiency How To Transportation Optimization Modeling 62

EazyStock

MARCH 9, 2021

In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices. See an example of ABC analysis in action here. For example, some products will have a regular demand, while others will have intermittent demand. Focus on your category A items.

Analysis 83

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EazyStock

JANUARY 4, 2021

Optimized Inventory Replenishment. With Acumatica you can manually set your replenishment parameters using the minimum/maximum quantity method (“min/max”). In comparison, with EazyStock replenishment is automatically calculated for every SKU in your portfolio. Finally, EazyStock calculates your optimal replenishment parameters.

Inventory Reduction 52

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EazyStock

JULY 17, 2020

In our four-part blog series on Coronavirus and its impact on inventory management , so far we’ve looked at how to overcome COVID-19 demand forecasting challenges and improving inventory planning during the pandemic. Adjusting Replenishment Calculations for Variable Lead Times.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 52

GlobalTranz

FEBRUARY 2, 2015

Each blog post written is distributed into groups that reach the supply chain community as well as professionals in manufacturing, transportation, distribution, and more. Today’s post is a follow up blog post to the post written a week or so back called “Vendor Managed Inventory Model for Supply Chain Cost Reductions.”

Vendor Strategies 94

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EazyStock

JULY 7, 2020

In this blog series we look at how inventory optimization tools , such as EazyStock, can support inventory management teams. This kind of software will help you understand how volatile your demand is and adjust your replenishment parameters as needed. This is our second post of this 4-part series. demand outliers. Risk of runout.

Optimization Software 52

Optimization Software Supply Chain Software Modeling Software Inventory 52

FreightWaves SONAR

MARCH 9, 2021

Obviously, that’s only one example, but it shows the value of insight and using data that’s available now. . It’s a continuous process that helps individual shippers learn when to boost replenishment. It helps carriers navigate the market to make accept-or-reject decisions, and it helps brokers perform functions of both sides.

Data 98

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FreightWaves SONAR

DECEMBER 11, 2020

View the full infographic below the text body of this blog. Improve replenishment planning with access to ocean import data. As an example, rolled cargo could result in additional delays that add to a higher detention and demurrage risk for freight brokers and truckload providers.

Data 59

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EazyStock

FEBRUARY 1, 2021

For example: With such different demand patterns, it doesn’t make sense to treat every product the same. In each case the future demand forecasting, replenishment and safety stock calculations need to be treated differently. Accurate eCommerce inventory replenishment. Stock level optimization.

Inventory Reduction 52

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FreightWaves SONAR

APRIL 25, 2024

Meanwhile, drayage carriers gauge inbound volume, measured at the point of origin, for a look ahead at local demand in the coming days (see blog for detail). So far this year, international intermodal volume has been boosted by strong import volume as shippers looked to replenish inventories.

Data 64

Data Digital Replenishment Blog 64

EazyStock

JULY 10, 2018

Every manufacturer and distributor of after market parts needs to have a pulse on the different stages of their product life cycle to ensure inventory levels are being accurately forecasted and replenishment reorder points are in alignment with customer demand. Four main classifications of a product life cycle.

Inventory Reduction 45

Inventory Reduction Inventory Production Expense Reduction 45

EazyStock

FEBRUARY 7, 2020

In this three-part blog series we’re looking at each of these inventory management problems. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. Read about other inventory management problems and their solutions in this three-part blog series: Challenge no.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Freightos

MARCH 3, 2015

For example, it has already taken hold in online B2C transactions – placing orders and tracking delivery among other things. Inventory management and replenishment as well as reverse logistics can now be managed by mobile as well as payments. She tweets at @ cmroberson06 and blogs at Global Supply Chain Insights.

Supply Chain Software 84

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EazyStock

MARCH 1, 2023

You can read more about managing excess stock in our blog post. However, high MOQs can be beneficial because they can reduce administration and ordering costs, since you won’t need to send as many orders. The system then calculates which items to stock and produces daily replenishment recommendations.

Ordering 52

Ordering Purchasing Skills Inventory Reduction Procurement Solutions 52

Logistics Bureau

NOVEMBER 6, 2023

For example, could some areas of your warehouse be adapted via racking optimisation to store higher inventory volumes? For example, you could reduce human labour by deploying robotic equipment or other forms of direct automation. It’s always a good idea to review your picking and packing operations, for example.

Cost Reduction 116

Cost Reduction Purchasing Skills Waste Reduction Material Savings 116