EazyStock

NOVEMBER 17, 2020

What is ERP inventory management? When it comes to inventory management, ERP systems are ideal for tracking stock along the supply chain, monitoring stock levels and order processing. ERP inventory management limitations. ERP inventory management needs sophisticated demand forecasting.

ERP 98

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Stord

NOVEMBER 13, 2024

Black Friday and Cyber Monday (BFCM) have become the centerpiece of many brands’ ecommerce calendar - offering unprecedented opportunities for online retailers to boost sales, attract new customers, and move inventory. Win Your Inventory. Meaning every several hours (or days) you get a snapshot of your current inventory.

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Inventory Reduction How To Cost Reduction Procurement Solutions 148

Logistics Bureau

NOVEMBER 16, 2020

Certified in Production and Inventory Management (CPIM) : The course covers ground such as knowledge of production and inventory management, internal operations, and customer relations. Certified Supply Chain Professional : Learn how to develop streamlined supply chain operations. Manage inventory levels. Networking.

Supply Chain Planning Software 118

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 118

SYSPRO Smarter ERP

JANUARY 10, 2022

ERP is an umbrella term for software that helps to manage accounts, resources, finances, inventories, and manufacturing in one unified system rather than separate applications. A design phase where the business objectives are explored and the ERP application is designed to meet the objectives.

ERP 122

ERP Modeling Software How To Buyer Training 122

EazyStock

NOVEMBER 19, 2020

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on time.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

EazyStock

FEBRUARY 18, 2020

The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Holding costs (otherwise known as carrying costs) are the costs to store the inventory and include the storage space, rent, deterioration, obsolescence, property tax, insurance, etc. C o = cost per order.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

SYSPRO Smarter ERP

NOVEMBER 1, 2021

By establishing a B2B e-commerce system, manufacturing companies provide greater flexibility, better inventory management, and decrease the likelihood of human error. Having accurate and real-time visibility into inventory levels will provide additional advantage. Leveraging on predictive analytics and data for decision making.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Inventory Reduction 111

Carter Logistics

APRIL 30, 2019

How to Take On Today’s Cross-Border Shipping Challenges. How to Address These Issues. TMS can support shipping operations by tracking the movement of goods and inventory levels, forecasting demands, and assessing risk situations. .” Blog Topics. The Shared Milkrun Mexico & Border Logistics. Changing regulations.

Sourcing Strategies 104

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Logistics Bureau

JULY 18, 2022

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. It may do, but how do you know? Inventory levels. Now it’s time to start looking at how you will enable those capabilities. Inventory optimization software. Reverse logistics.

Inventory Reduction 116

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 116

3PL Links

OCTOBER 15, 2024

Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. Read Also: How to Optimize Your Stock With Ideal Storage Structures 1. But the good news is, there are proven solutions that can help overcome them.

Inventory Reduction 62

Inventory Reduction Logistics Network Optimization Software Supply Chain Software Expense Reduction 62

Ship Monk

JULY 28, 2022

Any eCommerce business that manufactures goods has three different types of inventory at any given time: Raw Materials Inventory , Work in Process Inventory , and Finished Goods Inventory. This article will show you the difference between these types of inventory and how to calculate Work in Process inventory.

Inventory 64

Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

Blue Grace Logistics

NOVEMBER 21, 2023

How to Navigate Your Supply Chain During Market Swings Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 21, 2023 Market conditions play a crucial role in shaping challenges professionals face when managing their organization’s supply chains.

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Logistics Viewpoints

FEBRUARY 23, 2022

Specifically, there were spikes in demand, and even though there was a lot of inventory available, the demand was surging. Then we moved into a phase where we had stationary, stale, and suspended inventory because we couldn’t get to it; retail stores and distribution centers were closed, and seasonal inventory was very challenged.

Supply Chain Design Software 171

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 171

Logistics Bureau

DECEMBER 4, 2024

We all know it’s at the heart of most businesses, but what comes under the umbrella of inventory and how is that different to stock? What is Inventory? Inventory can best be described as any materials or goods that pass through or are held in your business and are necessary in order to carry out your trade.

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Inventory Reduction Inventory Material Savings Cost Reduction 48

MTS Logistics

JUNE 30, 2023

Shippers can move only the inventory they need to meet demand instead of wasting unnecessary time filling a 40-foot container. Shippers can reduce warehousing and inventory costs by using in-transit time as a means of inventory storage. Diversify the shipping portfolio.

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Cost Reduction Inventory Reduction Waste Reduction Optimal Sourcing 87

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.

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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. It’s the only way to ensure they meet their specific client requirements and can truly fuel their supply chain as a competitive advantage.

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Optimal Sourcing Supply Chain Planning Software Inventory Reduction Optimization Software 158

3PL Links

OCTOBER 29, 2024

Image source: Pexels | How Real-Time Inventory Tracking Can Boost Your Profit in 2025 In today’s fast-moving business environment, real-time inventory tracking has become a critical tool for optimizing operations, cutting costs, and driving profitability. But how exactly does real-time inventory tracking impact your bottom line?

Inventory Reduction 62

Inventory Reduction Optimal Sourcing Inventory Cost Reduction 62

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

Logistics Viewpoints

OCTOBER 2, 2024

Smart warehouses, governed by standards like ISO 9001 for quality management, are also integrating AI systems to optimize inventory management and automate the loading and unloading processes. How to Surmount Those Obstacles? What Are The Challenges?

Supply Chain Planning Software 154

Supply Chain Planning Software Warehousing Supply Chain Software Optimization Software 154

Ship Monk

OCTOBER 17, 2023

Managing inventory is a pivotal part of peak season for every ecommerce store, regardless of size or industry. Underestimate inventory needs and buyers can have a negative experience with your brand because of backorders or stockouts, or you could just flat out lose business. A big part of that is inventory management.

Inventory Reduction 64

Inventory Reduction Inventory Optimization Software Supply Chain Planning Software 64

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 213

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 213

Logistics Bureau

DECEMBER 24, 2024

Merely dealing with the complexity of transport networks, contractors, inventories, industrial unions, and cost control is tough enough for many enterprises, so achieving 98% on-time performance is, for some, just a dream.On Both the customer and the third-party logistics company must create an open and trusting working relationship.

Outsourcing 62

Outsourcing Warehousing Negotiating Skills Purchasing Skills 62

Logistics Viewpoints

FEBRUARY 28, 2023

It is making use of inventory that is the easiest/fastest to get to the customer, no matter through which channel the order was placed. Numerous supply chain disruptions affected the ability to get inventory in time – or at all – and now that the backlog caught up, many organizations are experiencing a surplus of inventory.

Optimal Sourcing 127

Optimal Sourcing Inventory Reduction Sourcing Strategies Vendor Strategies 127

Logistics Viewpoints

MARCH 21, 2024

Self-distribution is an increasingly popular option for healthcare systems to consider when deciding how to manage their supply chain. The challenges brought about by the pandemic made many rethink strategy when it came to inventory, stock on hand, secondary options and the ability to guarantee supply and resiliency.

Supply Chain Planning Software 141

Supply Chain Planning Software Optimization Software Supply Chain Software Inventory Reduction 141

EazyStock

MAY 24, 2022

Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and hitting fulfillment targets. This post, however, will focus on the financial aspect of inventory: inventory value – taking an accountant’s view of how to manage stock effectively.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Purchasing Skills 52

Logistics Viewpoints

JUNE 8, 2021

Even those with the necessary national footprint may be unsure about how to sequence a phased national rollout. How can we strategically house inventory to better support gig integration? Where will our inventory footprint currently support gig integration? Critical data to track. Carrier-contracted rates.

Supply Chain Planning Software 176

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Negotiating Skills 176

Logistics Viewpoints

JUNE 22, 2023

Ultimately it allows the measurement of a business’ ability to deliver on their promise while capturing the highest gross margin on their inventory investment. How to measure OTIF: OTIF measurements pose challenges for organizations regardless of their type or industry. How can an OMS help improve OTIF?

Supply Chain Software 121

Supply Chain Software Supply Chains Modeling Software Optimization Software 121

Locus

JUNE 16, 2023

The question then is: how can companies maneuver this intricate, costly maze successfully? Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing. Read also: How to Calculate the Cost of Transport 2. It is no secret that customer expectations are really high these days.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

CH Robinson Logistics

DECEMBER 15, 2021

At year-end, we typically see a jump in demand as shippers meet quarter-end quotas and prepare for the upcoming Lunar New Year, during which many factories in China shut down. As we approach another potentially volatile year, I wanted to provide key strategies for global shippers to consider. In fact, C.H.

Sourcing Strategies 90

Sourcing Strategies Global logistics Cost Reduction Inventory Reduction 90

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. This might include inventory level indicators, production boards, or color-coded zones in the warehouse. These meetings help identify issues early and maintain momentum in your lean implementation.

Cost Reduction 67

Cost Reduction Waste Reduction Material Savings Inventory Reduction 67

GoShip Blog

MARCH 2, 2021

Well-organized inventory management is a must-have for a successful retail strategy. In the post-pandemic world, optimal use of warehouse space is a necessity to meet the budget bottom line and grow profits. Often, shippers are faced with inaccurate or inconsistent inventory management which leads to overstocking or understocking. .

Inventory Reduction 98

Inventory Reduction Waste Reduction Expense Reduction Price Reduction 98

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Managing inventory is a complex business. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

Ship Monk

FEBRUARY 24, 2024

In the previous example, you have the physical weight that extra travel inventory creates in your luggage that you have to lug around. When you order inventory, you want to ensure you have enough stock to meet demand, especially around sales and peak season.

eCommerce 105

eCommerce Inventory Reduction Tips Waste Reduction 105

3PL Links

JANUARY 31, 2023

7 Best Tips for Inventory Management To Avoid Losses | Image source: AR Racking Inventory management is likely the most crucial success component if you sell products through an online store. Read also: How to Manage a Warehouse: The 10-Step Guide to Logistics Management What is Inventory Management?

Inventory Reduction 62

Inventory Reduction Inventory Tips Expense Reduction 62

Ship Monk

NOVEMBER 21, 2022

This article will explain what reorder points are and show you how to calculate them. Ideally, calculating the reorder point for each SKU will ensure that you always have enough inventory on hand to meet demand, while minimizing inventory costs. So, how do you determine what the unit count for the reorder point should be?

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52