CH Robinson Logistics

DECEMBER 15, 2021

For example, while it may not be feasible to transport 100% of your freight via air, air freight continues to be the fastest way to replenish inventory, so prioritizing specific freight can help keep cargo moving. For example, with the ongoing port congestion and delays, C.H. In fact, C.H. If you import into the U.S.,

Sourcing Strategies 90

Sourcing Strategies Global logistics Cost Reduction Inventory Reduction 90

Stord

NOVEMBER 13, 2024

Now, you can accurately predict how long your existing inventory will last, intelligently order replenishments, and adjust models to accommodate seasonal demand and marketing initiatives. This forward-thinking approach of inventory planning allows brands to more accurately order and geographically place inventory across their networks.

Inventory Reduction 148

Inventory Reduction How To Cost Reduction Procurement Solutions 148

Logistics Viewpoints

APRIL 19, 2023

Second, what is autonomous planning in supply chain, and what are some practical examples? And finally, how does a company achieve autonomous planning? Then there’s the question of how much to hold at the central warehouse to replenish the MFCs as well as how to dynamically allocate receipts at the cross-docks.

Supply Chain Planning Software 153

Supply Chain Planning Software Optimal Sourcing Scenario Planning Manufacturing Procurement 153

EazyStock

NOVEMBER 17, 2020

This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities. Can you recognize the warning signs that your business needs automated inventory planning and replenishment ? Automated replenishment is critical to ERP inventory management.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

Conger

MAY 24, 2023

Want to learn about automatic replenishment? Keep reading to find out: What automatic replenishment is How it works Who can benefit from it Its advantages and disadvantages The different types Best practices for choosing a system and vendor And lots more! Table of Contents What Is Automatic Replenishment? Let’s dive in!

Replenishment 40

Replenishment Supply Chain Planning Software Supply Chain Design Software Optimization Software 40

Logistics Bureau

NOVEMBER 26, 2024

As a further example, there is a considerable difference between finding a cheaper provider of materials or shipping, and understanding whether the activity served by those materials or freight services is really helping generate value. Cost to serve analysis is one example.

Supply Chain Planning Software 67

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 67

Material Handling and Logistics

AUGUST 31, 2018

As explained by the popular saying about how to eat an elephant (“one bite at a time”), overwhelming problems are best solved by simplifying how you look at the issue and taking small steps. For example, using smartphones and tablets instead of barcode scanners can make it easier to train your employees and for them to get work done.

Supply Chain Design Software 145

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 145

Logistics Bureau

DECEMBER 13, 2024

It can be surprising how many supply chain cost reduction opportunities spring to light when your team first puts a focus on lean. You might choose for example to look at the replenishment and picking processes in your warehouse/s. This is especially true in the early stages of a lean program.

Cost Reduction 60

Cost Reduction Waste Reduction Material Savings Inventory Reduction 60

Logistics Bureau

JANUARY 11, 2021

So, for example, if a sales rep asks them, customers will say, “I want a good level of service, I want a competitive price, and I want a strong relationship with the business.”. How to Design your Customer Service Offer. Customers must clearly understand how to use your business and you must know what you are expected to do.

Logistics Network Optimization Software 73

Logistics Network Optimization Software How To Supply Chain Design Networks 73

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. Types of Supply Chain Disruptions.

Supply Chain Planning Software 78

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

Blue Grace Logistics

NOVEMBER 3, 2022

How to Prepare an Efficient Transportation Budget Show Submenu Resources. Learn how to build your shipping budget correctly. How to define your transportation needs. For example, if you’re a retailer and you’re exiting the year with bare shelves, that’s great! The Logistics Blog®. Whitepaper. Case Study. Adam Blankenship.

Efficiency 62

Efficiency How To Transportation Optimization Modeling 62

EazyStock

FEBRUARY 26, 2020

Introducing inventory optimization methods to your inventory management practices ensures that supply and demand volatility is considered when setting your demand forecasts, stock levels and replenishment parameters. Review your Stock Replenishment Rules. The post How To Improve Stock Availability appeared first on EazyStock.

Availability 52

Availability How To Inventory Reduction Supply Chain Planning Software 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 Viewpoints

JUNE 7, 2021

When companies implement a demand management or replenishment system, the goal is usually to improve customer satisfaction while holding less inventory. For example, a warehouse might have a big propane tank they use with forklifts that run on propane. That occurs when the forecast is handed off to the replenishment system.

Optimal Sourcing 112

Optimal Sourcing Transportation Inventory Reduction Supply Chain Planning Software 112

EazyStock

FEBRUARY 1, 2021

Here are ways you can optimize your inventory management practices for eCommerce competitiveness: How to Manage eCommerce Inventory. For example: With such different demand patterns, it doesn’t make sense to treat every product the same. Accurate eCommerce inventory replenishment. Forecasting eCommerce inventory demand.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

Logistics Viewpoints

APRIL 22, 2024

More importantly, we needed to capture the knowledge of our subject matter experts on how to make all of that happen.” It learned how to solve problems from the people who solve those problems every hour of every day. GP, for example, has also had success in demonstrating that Causal AI can solve difficult sourcing problems.

Optimal Sourcing 158

Optimal Sourcing Supply Chain Planning Software Modeling Software Optimization Software 158

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. In these situations you have to think smartly and weigh the costs against each other for replenishment. The Importance of Improving your Inventory Turnover.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. In this post we’ll look at 6 inventory control techniques that will specifically show you how to control your stock levels, help you optimize your inventory and maximize profits. Understand your demand.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Ship Monk

NOVEMBER 21, 2022

This article will explain what reorder points are and show you how to calculate them. How to Calculate a Reorder Point. How to Calculate Demand During Lead Time. Using the tea kettle example above, let’s say the maximum number of blue tea kettles you’ve ever sold in one day is 45. What is a Reorder Point? Safety Stock =.

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

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

EazyStock

FEBRUARY 7, 2020

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. The post How to Manage Inventory in a Growing Business appeared first on EazyStock.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Logistics Bureau

NOVEMBER 23, 2020

An example from a company that turned to Kieran for help in cutting its costs and streamlining its warehousing operations will aid in illustrating this maxim. Let’s look at an example. In our example (Company Z), the availability of A-lines is 93 percent, of B-lines is 94 percent, and of C-lines is 93 percent.

Inventory Reduction 62

Inventory Reduction Inventory Expense Reduction Supply Chain Planning Software 62

EazyStock

FEBRUARY 18, 2020

Let’s take a look at an example. In the example above, the EOQ determined that the warehouse would be placing orders for fidget spinners approx. In our example, the demand for fidget spinners was 15,000 per year, and EOQ was approx. The post How to Find the Right Economic Order Quantity appeared first on EazyStock.

Ordering 52

Ordering Purchasing Skills How To Inventory 52

SYSPRO Smarter ERP

FEBRUARY 22, 2024

Here’s how to do it: Label aisles, rows and bins with floor or overhead placards so employees can identify the correct location quickly and easily. For example, by stacking containers higher you can make use of vertical space, and mobile shelving units can be useful for seasonal products. Use space-saving containers or shelving.

Manufacturing Procurement 116

Manufacturing Procurement Inventory Reduction Expense Reduction Waste Reduction 116

EazyStock

OCTOBER 23, 2020

Seasonal demand examples in the US include religious festivals such as Christmas or Ramadan, annual events like Valentines Day or Halloween and seasonal weather patterns, including snow in winter and a hot climate in summer; these can all lead to seasonal variances in demand for many products. How to forecast for seasonal demand.

How To 52

How To Optimization Software Inventory Optimization 52

EazyStock

MAY 11, 2021

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

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

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. By using predictive analytics and machine learning algorithms, digital twins can also provide recommendations on how to optimize equipment utilization and reduce downtime.

Optimization Software 165

Optimization Software Supply Chain Design Software Modeling Software Digital 165

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 106

Production Inventory Reduction Cost Reduction Resource Reduction 106

EazyStock

MARCH 22, 2022

How to overcome demand forecasting challenges. For example, up-to-date information from your staff, customers, and, of course, industry bodies. The post Demand forecasting challenges – how to deal with fluctuating demand appeared first on. Lost revenue – all the above could lead to a further loss of sales down the line.

Supply Chain Planning Software 52

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

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

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 110

EazyStock

DECEMBER 13, 2021

For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. If you’d like to know more about how EazyStock can support your inventory management processes and help better manage supply chain disruption please request a demo.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Logistics Viewpoints

JANUARY 25, 2023

Store associates can use RFID for rapid scanning and tracking, see how much of an item is actually in stock, and replenish these items faster. For example, during the height of the Covid pandemic, FarEye’s last mile delivery solution enabled the driver to show their temperature for customer assurance for a safe delivery.

Supply Chain Planning Software 144

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 144

EazyStock

JUNE 18, 2019

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. ABC Classification Calculation Example. Here is a working illustration of how to divide your inventory using annual consumption value.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Logistics Bureau

NOVEMBER 15, 2021

For example, a picking rate of 100 cases per hour (CPH) indicates that your warehouse is working faster than if you pick 75 cases per hour and exponentially faster than at 50 CPH. For example, you can calculate the cost to receive each line item on your purchase orders. 1) Speed up the Warehouse. For Picking.

Inventory Reduction 62

Inventory Reduction Cost Reduction Expense Reduction How To 62

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

Optimization Software Procurement Solutions Inventory Reduction Inventory 52

ShipLilly

OCTOBER 14, 2020

For example, freight may change to shipping or truck transport via the distribution center. Examples of this include grocery chains that rely on distribution centers to maintain appropriate levels of stock in their stores. How to Choose Between a Distribution Center and Fulfillment Center.

Distribution 98

Distribution Supply Chains Picking Ordering 98