EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory Reduction 98

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Logistics Viewpoints

JANUARY 9, 2025

Each client may have unique workflows, inventory characteristics, and throughput requirements. Handle Peak Demand Demand spikes, such as those during holidays or major promotional events, can overwhelm unprepared warehouses. High throughput ensures swift inventory movement, reduces time to market, and enhances cash flow.

Resource Reduction 124

Resource Reduction Logistics Network Optimization Software Modeling Software Inventory Reduction 124

Ship Monk

SEPTEMBER 30, 2020

Planning for huge sales events is a tad overwhelming, which is why we’ve got you covered with this short and sweet FAQ. How Will Prime Day Be Different This Year? In terms of challenges, you may be looking at rapidly declining inventory levels as well as delays in shipping. How Will Prime Day Affect Holiday Season Sales?

How To 98

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Stord

MAY 8, 2024

One of the biggest pain points here is how much to promise and sell on each channel – brands should be prioritizing their highest margin channels and their largest B2B relationships. Its adaptability ensures quick responses to market shifts and unforeseen events, reducing response times and enhancing customer satisfaction.

Optimal Sourcing 158

Optimal Sourcing Supply Chain Planning Software Inventory Reduction Optimization Software 158

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

FourKites

DECEMBER 11, 2020

What is inventory carrying cost? Inventory carrying cost, or more simply referred to as “carrying cost,” is the sum of all the costs associated with holding inventory or stock in storage or warehouse. Inventory carrying costs are something that anyone who sells a physical product has to deal with. Inventory Service Cost.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Resource Reduction 52

Logistics Bureau

FEBRUARY 23, 2017

Squirreling is one of the biggest hindrances to successful inventory management for MRO businesses, and field service technicians tend to be the biggest squirrels of all. Ironically though, the squirrel problem is something of a vicious circle, being both a cause of MRO inventory problems and a symptom of them. What is Squirreling?

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Inventory Reduction Inventory How To Purchasing Skills 49

Camelot 3PL Software

JANUARY 14, 2021

But it is possible to reposition inventory to better respond to such events. When inventory has been pre-positioned in readiness for disasters, it can support the third-party organizations that respond and assist communities. It may be impossible to ensure your business or organization is entirely natural disaster-proof.

Inventory 52

Inventory Supply Chain Planning Software How To Procurement Analytics 52

GlobalTranz

APRIL 13, 2021

Your organization’s ability to anticipate disruption, adapt to events, and build resiliency is rooted in how you maintain operational continuity. A wide range of events could prevent your supply chain from operating normally, but not all events have an equal impact.

Supply Chain Planning Software 82

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 82

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 75

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Logistics Viewpoints

APRIL 7, 2025

Whether you’re managing a distribution center, coordinating fleet operations, or shaping global supply strategy, understanding how to deploy and scale digital twins may be your next competitive edge. Static workflows based on outdated assumptions are no match for todays rapidly shifting inventory demands.

Sourcing Strategies 93

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EazyStock

MARCH 3, 2022

In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items. How to implement JIC inventory management with optimum stock levels. Accurate demand forecasting is critical for JIC inventory management.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

EazyStock

MARCH 17, 2021

In this piece, we’ll take a look at some of the top types of supply chain disruptions, the impacts that they have on your supply chain, how to mitigate whatever risk you can and finally how you can handle supply chain disruptions once they occur and come out on top. Black Swan Events. Types of Supply Chain Disruptions.

Supply Chain Planning Software 78

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Logistics Bureau

JUNE 14, 2021

If, like many business leaders, you’re looking for ways to make your supply chain more resilient to major disruptions and black swan events, you might like to consider initiatives based on the following guiding principles. Prudent implementation of buffer inventories and process-redundancy measures. Lessons From a Pandemic.

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Logistics Viewpoints

MARCH 25, 2021

How To Overcome Supply Chain Disruption. Your organization’s ability to anticipate disruption, adapt to events, and build resiliency is rooted in how you maintain operational continuity. A wide range of events could prevent your supply chain from operating normally, but not all events have an equal impact.

Supply Chain Planning Software 132

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 132

3PL Insights

FEBRUARY 17, 2020

Supply chains are subjected to numerous risks including incorrect orders, delayed shipments, inventory loss, and more. In addition, be sure to regularly back up your files and databases in order to save your data and information in the event of a cyber-attack. Train Your Employees.

Supply Chain Planning Software 90

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IoT World Today

MARCH 27, 2020

Manufacturing companies that have relied on China for production materials are feeling the blowback of this dependence; some retailers source more than half their inventory from China, according to 2020 Statista data. An AI system needs to be fed data sets to learn how to behave and react.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Procurement Analytics 145

Logistics Viewpoints

DECEMBER 5, 2023

It is important to have a robust incident response plan in place for your distribution operation in the event of a cybersecurity breach. This plan should outline specific steps to be taken in the event of a breach, including who to contact and how to contain and mitigate the damage.

Supply Chain Planning Software 126

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Logistics Viewpoints

MAY 25, 2021

These disruptions, which will only get more frequent in the coming years as major weather events wreak havoc on freight transportation, have supply chain stakeholders scrambling from crisis to crisis. How can companies hit the ground running on creating a sustainable supply chain?

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 136

The Lean Thinker

JANUARY 15, 2019

I got pulled in on Thursday of a “kaizen event” that was supposed to develop this process. I totally knew how to set up a workable, stable process. I knew how to get all of these processes linked together to pull everything through. I knew how to build in effective quality checks.

Production 277

Production How To Construction Analysis 277

TransAudit

FEBRUARY 13, 2025

Lets explore the key elements of supply chain evolution, the challenges, and how to trade reaction for resilience. fill rates, inventory accuracy, and forecast reliability). Inventory Forecasting: Use predictive models to anticipate demand spikes. Use tools like benefit-effort matrices to prioritize improvement areas.

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Supply Chain Software Supply Chain Planning Software Supply Chains Inventory Reduction 59

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

JANUARY 30, 2025

AI-driven tools optimize batch assignments by analyzing pick paths, order priorities, inventory, and travel costs in real time. Delayed Insights – Reporting and analytics in static systems are often limited to backward-looking insights, meaning they analyze and present data only after events have occurred.

Optimization Software 95

Optimization Software Resource Reduction Automation Logistics Network Optimization Software 95

Ship Monk

FEBRUARY 9, 2024

Demand forecasting has more to do with consumer interest in your product, trends in the marketplace, and how these and other factors could affect your future day-to-day operations. Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them.

eCommerce 105

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Logistics Business Magazine

JUNE 29, 2021

The key benefits of packaging automation took centre stage at Sealed Air’s recent PackForum event, with delegates from across Europe finding out more about how systems can maximise efficiencies, minimise downtime and improve product protection.

Events 38

Events Packaging Supply Chain Software Automation 38

Now, That's Logistics

NOVEMBER 16, 2021

Unfortunately, there’s yet one more disruptive event to get through before that can happen: Chinese New Year. In How to Plan for Chinese New Year , East West Manufacturing, LLC says simply understanding how the holiday works can help companies navigate its complexities.

Supply Chain Design 158

Supply Chain Design Factories Scenario Planning Supply Chains 158

EazyStock

NOVEMBER 19, 2021

If you carry too much inventory, you risk tying-up much needed working capital. Safety stock is defined as inventory that is carried to prevent stock-outs caused by fluctuating customer demand, forecast inaccuracies or variability in supplier lead times. Determining appropriate levels of stock across a business can be very challenging.

How To 52

How To Inventory Reduction Inventory Optimization Modeling 52

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. Investing too much money in inventory can lead to cashflow problems and an unhealthy balance sheet. Inventory optimization. How to forecast for seasonal demand.

How To 52

How To Optimization Software Inventory Optimization 52

Logistics Viewpoints

JANUARY 5, 2022

Instead, they are likely to carry higher levels of inventory as a lower cost alternative. The move toward carrying higher levels of inventory will initially increase GDP growth numbers as inventory restocking occurs. AI aids shippers in better understanding how to drive efficiencies without sacrificing service levels.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 145

Logistics Manager

MARCH 10, 2020

Gartner has released a report detailing how to secure supply chains amidst the coronavirus (COVID-19) outbreak. As global leaders and health officials track the strain and make decisions regarding containment, supply chain leaders need to assess and plan for how the virus will impact global supply chains.

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Logistics Viewpoints

MAY 11, 2023

In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. Inventory management Another area where digital twins can be beneficial is inventory management.

Optimization Software 124

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Stord

JANUARY 26, 2021

The cloud supply chain is a self-healing network, so in the event of sudden demand such as the COVID-19 pandemic, brands can quickly scale up to meet that demand in 24-48 hours, and just as quickly scale back down once the surge has passed.

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SYSPRO Smarter ERP

NOVEMBER 8, 2021

But for that special class of disruption, the low-probability, high-impact events like natural disasters, epidemics and other upheavals, organizations don’t know how to mitigate the risk and successfully manage their supply chains, and are now trying to find their way through the minefield of issues and challenges with no clear solution.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

GlobalTranz

APRIL 20, 2021

Whether it’s a pandemic, severe weather events, trade disputes and tariffs, economic upheaval, or even unexpected surges in customer demands, you can’t prepare for every eventuality. To build supply chain resiliency, leaders should consider these factors: Buffer inventory and shift away from JIT.?

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

Logistics Viewpoints

DECEMBER 14, 2021

Inventory Optimization. Inventory Optimization involves decisions about the inventory level, the location, and the mix of products. And after that, I have to decide how much avocado inventory I have to hold, so I never have stock-outs or excess waste. How to maximize service rate?

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Design Software Optimization Software Supply Chain Software 119

Logistics at MPEPS at UPV

MARCH 31, 2019

Following an interesting course about Inventory Management, we received this phrase in a conclusion e-mail, that made me think. Indeed, there is no real solution or framework to optimize perfectly your inventory , unless you know how to predict the future and therefore I would love to meet you. AI, indeed, can be a great help.

Inventory Reduction 40

Inventory Reduction Inventory Optimization Software Course 40

GlobalTranz

FEBRUARY 8, 2016

The company featured in the case study found themselves drowning among separate databases, spreadsheets and specialized software programs used to keep track of shipping, scheduling, purchasing, inventory control and job costing. The problem? There was no coherence and the right hand didn’t know what the left hand was doing.

Manufacturing Procurement 66

Manufacturing Procurement Data Optimal Sourcing How To 66