EazyStock

OCTOBER 20, 2020

Qualitative factors: Add any qualitative forecasting factors into your data, such as sales promotions, competitor activity or external market events. For example, you should consider setting different service levels, safety stock levels and reordering parameters for each category. Fine-tune your stock replenishment strategies.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

FreightWaves SONAR

MARCH 9, 2021

And while some events (like the weather) cannot necessarily be predicted entirely, it’s possible to increase trucking capacity in advance due to the presence of certain indicators. Obviously, that’s only one example, but it shows the value of insight and using data that’s available now. .

Data 98

Data Reliability Supply Chain Planning Software Trucking 98

Logistics Bureau

DECEMBER 19, 2022

Slotting a warehouse product is the same, for example, as placing your umbrella close to your front door at home, so it’s easy to pick it up and run when it’s raining, and you’re late for work. Slotting Increases Replenishment Efficiency. Productivity improvements in picking, replenishment, and put-away.

Production 98

Production Inventory Reduction Cost Reduction Resource Reduction 98

Logistics Viewpoints

APRIL 7, 2022

As an example, a major retailer whose market presence is in the Americas realized that several of their shipments that originate in China pass through Russia to make their way to the west and are now subject to shipment backlogs. Some may have believed themselves to be immune at one point, but now their perspective is shifting.

Supply Chain Design Software 129

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 129

EazyStock

APRIL 20, 2020

Planned Events for Managing Forward Orders. A planned event is when your customer has a planned event where the future demand is known; for example scheduled repairs and maintenance. This gives you a number of benefits: Planned events, such as scheduled repairs and maintenance, can take place as planned.

Production 52

Production Supply Chain Planning Software Events Inventory Reduction 52

EazyStock

MARCH 17, 2021

Black Swan Events. A black swan event is an unexpected event with severe consequences, like the Great Recession or the current COVID-19 pandemic. This category is sometimes lumped together with black swan events. You need to determine what your priorities will be in the event of a supply chain disruption.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 78

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.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

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

GlobalTranz

DECEMBER 5, 2018

For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.

Price Reduction 67

Price Reduction Resource Reduction Cost Reduction Inventory Reduction 67

Logistics Viewpoints

MAY 11, 2023

For example, they can test the effect of increasing or decreasing safety stock levels or changing the replenishment frequency of certain products. If the digital twin extends beyond the DC to the supply chain, you can have a better evaluation of the entire chain’s responsiveness to these types of events.

Optimization Software 124

Optimization Software Supply Chain Design Software Modeling Software Digital 124

Ship Monk

SEPTEMBER 8, 2023

You are a leading example of perseverance and ownership. Your hard work and dedication are an example to everyone on our team! Mertiza drives results, partners with leaders to resolve issues, and loves to be involved in all the fun events! Luz is a good example of a team player, always willing to help her peers.

Replenishment 64

Replenishment Outbound Sourcing Strategies Buyer Training 64

Logistics Bureau

JULY 10, 2018

The demand-driven SCM concept therefor uses actual demand instead of error-prone forecasts to drive replenishment.” This means for example, that marketing-campaign planning involves manufacturing and procurement functions, to ensure preparedness for an uptick in product demand. The Risks of Information-Sharing.

Supply Chain Planning Software 49

Supply Chain Planning Software Supply Chain Design Software Inventory Reduction Supply Chain Software 49

EazyStock

JULY 7, 2020

This kind of software will help you understand how volatile your demand is and adjust your replenishment parameters as needed. For example, items with stable demand will be assigned one algorithm, while those with lumpier or slow moving demand will use a more suitable formula. Why 30-day Rolling Average Forecasts will Fail.

Optimization Software 52

Optimization Software Supply Chain Software Modeling Software Inventory 52

Logistics Bureau

JANUARY 1, 2025

However, the classification parameter can be varied; for example, it is possible to use the velocity of turnover rather than annual demand value. For example, accessorial charges might include fees for loading, unloading, palletisation, or depalletisation. It is upon such systems that ABC models are generated and maintained.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 76

FreightWaves SONAR

SEPTEMBER 29, 2023

For example, as seen in scenario A1, the global unconstrained demand for air cargo will fall by 14% of pre-crisis volumes in the second quarter of 2020 and will not rebound to 2019 levels until around mid-2022.” Using data, supply chains could better plan replenishment orders, avoid congestion and prevent further disruption.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

WorkWave

JUNE 27, 2024

For example, a major retail chain reported significant logistical challenges due to driver shortages during the peak holiday season. During economic downturns, driver recruitment slows down, and as the economy recovers, there is often a lag in replenishing the driver pool. Economic Factors Economic conditions also play a crucial role.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

Logistics Bureau

NOVEMBER 16, 2020

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020. Networking.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 98

Logistics Business Magazine

JUNE 29, 2020

Covid-19 is already proving to be one of those unparalleled, disruptive events that will change the face of many sectors. Dropship can be switched on as a temporary measure to fill a particular breach in product lines, so retailers can continue to sell until their usual suppliers replenish lines. Boohoo is a great example of this.

Supply Chains 62

Supply Chains Digital Inventory Reduction Purchasing Skills 62

EazyStock

OCTOBER 23, 2020

Seasonal demand is defined as a certain time series with repetitive or predictable patterns of demand due to re-occurring seasonal events. With accurate demand forecasts that account for seasonality, you can optimize stock levels and make informed decisions on safety stock levels and replenishment rules. Inventory optimization.

How To 52

How To Optimization Software Inventory Optimization 52

Ship Monk

JULY 27, 2022

How often does inventory need to be replenished? For example, if you sold mittens, you would employ micro demand forecasting to look at the past performance of a celebrity-endorsed collection to evaluate its cost of production or sales performance in comparison to your regular product offerings. #4 Which products sell the quickest?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Logistics Business Magazine

JULY 4, 2024

These proven all-rounders cover a wide range of warehouse applications: They stack and move pallets in staging areas and in buffer zones and transport materials to production lines, they store and retrieve goods and help with replenishment in supermarkets, and they can also be used as work bench.

Modeling Software 48

Modeling Software Materials Handling Material Savings Handling 48

Material Handling and Logistics

MAY 22, 2018

For example, a company might limit its exposure to trade uncertainties by extending the time period for renewing employees’ laptops or cell phones, which are largely manufactured overseas, from two years to three years. Bain research shows that spending better can potentially more than double a company’s productivity gains from procurement.

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 60

Logistics Business Magazine

MAY 18, 2021

In the event of potential vehicle breakdowns, UniCarriers can react quickly and reliably thanks to the modular vehicle design. For all warehouse tasks – from unloading incoming vehicles to pallet put away and pallet replenishment – Delamode in Braintree now uses a variety of UniCarriers trucks.

Material Savings 70

Material Savings Materials Handling Expense Reduction Cost Reduction 70

Logistics Business Magazine

SEPTEMBER 2, 2024

Black Friday continues to be a big event in itself. Anywhere, anyhow fulfilment requires storage and order picking systems that can facilitate rapid and accurate deliveries for store replenishment, click and collect and the direct to home channel. BITO’s LEO carrier is a good example of such a system.

Sourcing Strategies 47

Sourcing Strategies Picking Procurement Solutions Purchasing Skills 47

Logistics Bureau

MAY 31, 2016

Goods inspection is an example. However, strategies too must be aligned to relevant events and situations. Wage inflation in China for example has made outsourcing less attractive and eroded the previous landed cost advantage. Strategic Changes for Cost Reduction – The End of Outsourced Manufacturing?

Cost Reduction 53

Cost Reduction Inventory Reduction Material Savings Expense Reduction 53

EazyStock

NOVEMBER 21, 2019

For example, sales transactions that result from a flash clearance sale do not represent typical demand for a given period. Whereas some fluctuations in demand, like seasonality, can be tracked in patterns over time, fliers are less predictable and are one-time events. A more complex option is to use statistical calculations.

Optimization Software 40

Optimization Software How To Inventory Reduction Procurement Solutions 40

Logistics Bureau

DECEMBER 4, 2023

It’s a random approach in which, for example, a consignment of electric blenders might find a home in a storage location between bottles of shampoo on one side, and dog collars on the other. As you can deduce from Amazon’s example, there is no standard for an optimal warehouse layout. What Next for Toyota IM?

Inventory Reduction 75

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 75

Ship Monk

NOVEMBER 2, 2023

She keeps our days in the wholesale department eventful with her contagious laughter. She is a shining example of excellence in her department. Tahiya is a great coworker, team player, and a great example to follow. Barbara is a great coworker, team player, and a great example to follow. We appreciate you!

Buyer Training 64

Buyer Training Packing Inventory Examples 64

World Food Programme Logistics

MAY 6, 2020

Podcast: How innovations are WFP’s allies in the fight against coronavirus World Food Programme techies and creatives are looking at ways to beat the pandemic and feed 100 million people in 80 countries A woman waits to replenish her SCOPE card. A WFP e-Shop in Mogadishu.

Buyer Training 52

Buyer Training Training Logistics Network Optimization Software Security 52

Logistics Business Magazine

AUGUST 25, 2020

The Yale robotics MC-10-15 counterbalance stacker can interact with and access pallets at height – for example, on conveyor belts or second or third shelves up to a height of 1.8m. The robotic solutions can be linked to other equipment in the warehouse, for example the conveyors can call the robot to remove a product.

Logistics Network Optimization Software 36

Logistics Network Optimization Software Material Savings Inventory Reduction Cost Reduction 36

EazyStock

MARCH 22, 2022

Customer behavior continues to be erratic as buying habits reflect current events and news stories rather than actual needs. For example, up-to-date information from your staff, customers, and, of course, industry bodies. There have been significant shifts in customer behavior, making it hard to base assumptions on consumer trends.

Supply Chain Planning Software 52

Supply Chain Planning Software How To Supply Chain Design Software Supply Chain Software 52

Automotive Logistics

FEBRUARY 2, 2018

In more than 50 plants, Bosch has been able to automate bookings, replenishment and real-time kanban loops, thanks to synchronised data exchange and digital processes. The VDA and BVL cited Bosch and MAN as important examples of the trend towards increasing digitalisation and connectivity of automotive logistics processes and equipment.

Procurement Solutions 28

Procurement Solutions Logistics Network Optimization Software Digital Replenishment 28

EazyStock

AUGUST 8, 2023

Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. For example, how much extra stock do you order to cover your forecasts? The more prepared you are, the greater your ability to ensure that this annual supplier shutdown causes as little disruption as possible.

Inventory Reduction 52

Inventory Reduction Inventory Resource Reduction Scenario Planning 52

EazyStock

DECEMBER 8, 2021

Chinese New Year (aka Lunar New Year) might seem like a long way off, but smart inventory managers will be starting to plan for this event very soon. For example, how much extra stock do you order to cover your forecasts? In this post we look at the challenges brought about by Chinese New Year and how EazyStock can help.

Inventory Reduction 52

Inventory Reduction Inventory Resource Reduction Scenario Planning 52

Infosys Supply Chain Management

JANUARY 13, 2013

News & Events. |. The critical products have some typical characteristics that can be used as guidelines to identify them: long replenishment lead times, usage in multiple Upper Level parts and A-Class products [based on ABC Classification that I had discussed in my earlier blog]. Payments Treasury. Wealth Management. Offerings. |.

Supply Chain Planning Software 26

Supply Chain Planning Software Blog Supply Chain Software Supply Chains 26

The Logistics Academy

OCTOBER 18, 2017

For example, the organization that wants to leverage Big Data for track and trace of its products can do so by combining the purchase order (PO) details, shipment information and the carrier’s tracking information. Take pricing, for example. Manage external factors that are beyond your control.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 40

Forto

NOVEMBER 8, 2020

Before CNY, there is also a high freight volume in ports, as many large retailers replenish their warehouses beforehand. If you have a high volume of containers, you should divide your goods into several bills of lading so that, in the event of a rollover, not all containers are rolled onto a ship other than the one intended.

Scenario Planning 40

Scenario Planning Freight Ordering Replenishment 40