EazyStock

JULY 22, 2021

Demand forecasting techniques play a critical role in inventory management. However, producing an accurate inventory demand forecast is no mean feat. But first – let’s get a definition: What is inventory demand forecasting? The Importance of Accurate Inventory Forecasting. Inventory Forecasting: Demand Types.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Reduction 98

Inventory Reduction eCommerce Inventory Procurement Solutions 98

WorkWave

APRIL 15, 2025

Between company CRMs, sales and marketing tools, fleet and inventory management systems and more, companies have access to a lot of data. Data Activation (Puts Your Information to Work) Finally, a data warehouse can connect to BI tools, automation and analytics to deliver immediate insights.

Optimization Software 86

Optimization Software Data Optimal Sourcing How To 86

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

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

Logistics Viewpoints

APRIL 7, 2025

Static workflows based on outdated assumptions are no match for todays rapidly shifting inventory demands. Traditional planning tools often lack the agility to respond in real time. Carhartts use of IBM Turbonomic shows how existing tools can be extended for new strategic value.

Sourcing Strategies 93

Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software Modeling Software 93

Logistics Viewpoints

MAY 22, 2023

A company can choose to maintain a high level of costly inventory to ensure short lead times, and a family can decide to live farther away from work and school but buy a bigger house. Do we have a demand forecasting tool in place and, if so, how good is that forecast? But optimization is much more than that!

Supply Chain Design Software 112

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 112

SYSPRO Smarter ERP

MARCH 3, 2021

As the ripples from 2020’s global events are still being felt throughout the manufacturing industry, now more than ever it is essential for manufacturers to manage their supply chain, forecast demand, and use production resources as efficiently as possible. The post Take Control of Your Inventory in 2021 appeared first on SYSPRO US.

Inventory 70

Inventory Supply Chain Software Events Tools 70

3PL Links

NOVEMBER 12, 2024

With logistics, labor, and inventory costs on the rise, finding targeted ways to reduce expenses can have a significant impact on your bottom line. Optimize Inventory Management Inventory often represents one of the largest expenses in a supply chain. Cost Saving Tips for Every Supply Chain Manager 1.

Cost Reduction 62

Cost Reduction Material Savings Supply Chain Software Supply Chain Planning Software 62

Logistics Viewpoints

JANUARY 30, 2025

AI-driven tools optimize batch assignments by analyzing pick paths, order priorities, inventory, and travel costs in real time. These systems also integrate seamlessly with automation tools like Autonomous Mobile Robots (AMRs) and conveyor systems, orchestrating their usage to maximize resource utilization.

Optimization Software 95

Optimization Software Resource Reduction Automation Logistics Network Optimization Software 95

TransAudit

FEBRUARY 13, 2025

As Josh Dritz, VP of Operations Technology and Automation at Messen Medical Surgical, pointed out, Geopolitical factors, extreme weather events, labor issues, and pandemics are just a few of the challenges that constantly threaten supply chains. Use tools to automate root cause analysis and reduce dependency on manual reporting.

Supply Chain Software 59

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

Talking Logistics

OCTOBER 15, 2018

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.

Inventory Reduction 73

Inventory Reduction Inventory Supply Chain Planning Software Logistics Network Optimization Software 73

Logistics Business Magazine

AUGUST 11, 2020

According to EazyStock, one area where big gains can be made is around inventory management. Many inventory planners are still reliant on basic stock management tools to carry out their challenging roles. Manual inventory management is labour intensive and can often lead to stock imbalances.

Inventory Reduction 67

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 67

Stord

MAY 8, 2024

The right multichannel order and inventory management system can ensure you’re not underselling or overselling , harming your revenue growth, customer experience, or both! 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

IoT World Today

MARCH 27, 2020

These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. Another Statista study indicated that 44% of retailers expect delays and 40% expect inventory shortages given coronavirus disruptions on the supply chain.

Supply Chain Planning Software 145

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

Logistics Business Magazine

OCTOBER 30, 2024

By leveraging these innovative tools, businesses can not only mitigate risks but also secure future growth and stability in an increasingly uncertain environment. IoT technology has become a critical tool for boosting visibility across supply chains. Adapting to Thrive One key technology driving challenge mitigation is a digital twin.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Modeling Software Optimization Software 52

Logistics Viewpoints

MARCH 25, 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. Trade disputes and tariffs.

Supply Chain Planning Software 132

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

Logistics Viewpoints

MAY 23, 2024

Situation Companies are increasingly confronted with complex planning scenarios due to predictable events such as mergers and acquisitions, category expansions, supplier changes, and distribution evolution, as well as disruptive events including demand volatility, material shortages, capacity constraints, and logistical surprises.

Scenario Planning 126

Scenario Planning Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 126

Stord

FEBRUARY 15, 2024

Inaccurate inventory planning leads to missed sales and consumer dissatisfaction from out-of-stock situations, or costly and inefficient resource allocation by overstocking inventory or not storing it strategically. Brands today need to continually ensure the right amount of product is in the right place at the right time.

Supply Chain Planning Software 60

Supply Chain Planning Software Inventory Reduction Supply Chain Software Optimization Software 60

IoT World Today

MAY 21, 2020

Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk. But with a black-swan event, it just magnifies the risk.”. No one wants to hold inventory. Sign up for virtual event updates here. ].

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 145

FreightWaves SONAR

OCTOBER 31, 2024

The freight market continues to battle the freight recession that has been ongoing for over two years, and there have been signs that the market is slightly more sensitive to outside events. With tools like SONAR, tracking across all the various modes, it becomes easy to identify when others in the industry are changing strategies.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Cost Reduction Outbound 52

CLX Logistics

SEPTEMBER 9, 2022

To meet these demands, shippers need the right supply chain management tools with the flexibility to grow and scale as needed. The right supply chain management tools help not only to enable shippers to provide better customer service and on-time deliveries but also to remain competitive with everyone else in the market.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimization Software 52

Logistics Viewpoints

MAY 11, 2023

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse.

Optimization Software 124

Optimization Software Supply Chain Design Software Modeling Software Digital 124

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

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Vendor Strategies 126

Ship Monk

MARCH 21, 2024

Today’s CRM platforms have adapted and expanded their tools to meet the needs of ecommerce businesses. Let’s take a look at CRM systems, the tools they provide, and the benefits they offer to ecommerce businesses. Here are some of the tools CRM systems offer.

Optimization Software 105

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 105

Logistics Viewpoints

JULY 10, 2024

Agility can also reflect a company’s ability to effectively deal with unexpected constraints caused by strikes, earthquakes, political strife, and a variety of other events. Supply chain resilience refers to planning for things that could go wrong and then creating inventory buffers or contingency plans.

Supply Chain Planning Software 128

Supply Chain Planning Software Scenario Planning Supply Chain Design Software Supply Chain Software 128

Logistics Viewpoints

FEBRUARY 2, 2023

This article explores two such ways modern digital tools can elevate the performance of 3PLs on the way to creating stickier customers. Where customers gain the ability to make informed decisions based on improved visibility into their inventory, 3PLs can reduce their cost of service, while simultaneously enhancing productivity and profits.

Supply Chain Planning Software 111

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Negotiating Skills 111

Locus

JANUARY 22, 2025

AI systems analyze historical trends, seasonal fluctuations, economic indicators, and even local events to predict delivery volumes with high precision. Reduced Inventory Expenses: Businesses can see a 10-20% reduction in inventory holding costs by aligning stock levels with forecasted demand.

Cost Reduction 52

Cost Reduction Expense Reduction Resource Reduction Inventory Reduction 52

Logistics Viewpoints

JULY 23, 2024

Map supply chain processes: Map out the various processes within the supply chain, from sourcing and procurement to production, inventory management, distribution, and customer fulfillment. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g.,

Optimal Sourcing 124

Optimal Sourcing Supply Chain Software Supply Chains Data 124

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

Logistics Viewpoints

FEBRUARY 26, 2024

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

Supply Chain Planning Software 124

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 124

3PL Insights

FEBRUARY 14, 2023

The flow of finished goods in retail logistics is a multi-step process, encompassing inventory management, order fulfillment and shipping, and returns management. Inventory Management Inventory management is the procurement, storage, and selling of a company’s inventory.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Supply Chain Software Procurement Solutions Inventory Reduction 92

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. If you’re not careful, the costs of forecasting can outweigh the potential savings in inventory costs. All of them rely on data, whether you’re using historical data or new findings gathered from consumer research.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

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

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 at MPEPS at UPV

MARCH 31, 2019

“Managers tend to overcomplicate the process and the tools, but most of the time the real benefits lay on simplifying the process and getting accurate data about the stock.”. Following an interesting course about Inventory Management, we received this phrase in a conclusion e-mail, that made me think.

Inventory Reduction 40

Inventory Reduction Inventory Optimization Software Course 40

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

FEBRUARY 14, 2024

Logistics and inventory management rounds out the top four focus areas at 82 percent. Logistics In line with the past several years, inventory management continues to be the top focus area in logistics. In addition to cost savings, having optimized inventory management can help balance cash flow with customer satisfaction.

Supply Chain Planning Software 131

Supply Chain Planning Software Scenario Planning Optimal Sourcing Supply Chain Software 131