EazyStock

NOVEMBER 6, 2020

In this blog, we’ll take the four types of carrying costs in turn and understand their real impact on your bottom line. In both cases it makes sense to ensure you’re holding the right products in the right volumes to meet demand without carrying too much to take up valuable warehouse space. Inventory service costs. Capital costs.

Inventory Reduction 40

Inventory Reduction Purchasing Skills Optimal Sourcing Inventory 40

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. Here’s some ideas on how to make this happen… Supplier Management in a Post COVID-19 Market.

Supply Chain Planning Software 52

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

Locus

JUNE 2, 2023

Managing and controlling the flow of finished products from the organization’s facilities to the end customers or distribution centers. Focus Procurement, receiving, storage, and inventory management. Inventory management: According to this report 67.4% of supply chain managers use Excel spreadsheets as a management tool.

Optimal Sourcing 52

Optimal Sourcing Outbound Optimization Software Inbound 52

CLX Logistics

FEBRUARY 22, 2024

From streamlining sourcing and supplier management to optimizing contract negotiations and spend analysis, AI and ML offer various capabilities that can revolutionize procurement management operations and drive sustainable value creation.

Optimal Sourcing 52

Optimal Sourcing Procurement Negotiating Skills Supply Chain Software 52

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. We start with a brief overview of all three topics.

Inventory Reduction 98

Inventory Reduction Procurement Solutions Inventory Supply Chain Planning Software 98

EazyStock

JUNE 23, 2022

Big data can help improve demand forecasting accuracy , allowing you to determine when, what, and how much inventory to stock to meet customer demand. Big data helps improve supplier management. Good and reliable suppliers are crucial to robust inventory management, so it’s essential that you can track their performance.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

GlobalTranz

FEBRUARY 24, 2016

Most modern manufacturing programs use RFID scanners , barcode scanners, and automated data capture for processing in the manufacturing control platform, asserts an Apriso blog post. Essentially, manufacturers who avoid embracing mobility to increase lean manufacturing will probably fail to meet tomorrow’s demands.

Waste Reduction 53

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 53

3PL Links

AUGUST 18, 2023

3 main goals of inventory control are as follows: Increase service quality or the ability to meet demand by keeping inventory on hand. The supplier manages every aspect of the process, so the retailer need not worry about product storage, management, or shipment. How much to supply? And when to supply?

Inventory Reduction 48

Inventory Reduction Inventory Purchasing Skills Price Reduction 48

GlobalTranz

MAY 21, 2015

At distribution centers, Walmart uses cross-docking, a process in which product is exchanged between trucks so that each truck going to a retail store has products from different suppliers. Managers should ensure that a firm’s transportation strategy supports its competitive strategy.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Cost Reduction Supply Chains 100

EazyStock

MARCH 3, 2022

Just-in-case inventory management shouldn’t be about carrying as much stock as possible to cover up poor forecasting practices. It’s critical to find the right balance between meeting demand without over-investing in unnecessary stock. The post How to successfully implement just-in-case inventory management appeared first on.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52