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.

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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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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.

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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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GoShip Blog

FEBRUARY 5, 2024

When running a small business,one might wonder, how does inventory affect cash flow? How does inventory affect cash flow? The Cost of Goods Sold (COGS) defines the correlation between inventory and your business’s cash flow. You receive an inflow of cash when you sell the inventory to consumers.

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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.

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EazyStock

FEBRUARY 7, 2020

Inventory Management, Business Growth & Expanding Product Portfolios. At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. In this three-part blog series we’re looking at each of these inventory management problems.

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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.

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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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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.

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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.

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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?

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EazyStock

NOVEMBER 18, 2019

Obsolete Stock is a term that refers to inventory that has reached the end of its product life cycle. In the graph below, obsolete stock is inventory that reaches the end of its declining life cycle stage. In both cases, effective demand forecasting and inventory management processes should prevent this happening.

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Log-hub

NOVEMBER 6, 2023

Therefore, optimizing stock levels directly impacts a company’s profitability, operational efficiency, minimizing costs and meeting customer demands. The Importance of Optimal Stock Levels In logistics, optimal stock designates the exact amount of inventory a business requires to fulfill routine demand without the occurrence of a stockout.

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EazyStock

JANUARY 21, 2021

Dynamics Business Central has primarily been developed for the cloud and, as a SaaS product, businesses can choose to pay per user and month, making it very scalable to meet changing needs. EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment.

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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?

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WorkWave

DECEMBER 8, 2023

Tracking the percentage of shipments with real-time visibility data enables businesses to identify potential disruptions, enhance communication with suppliers and proactively address issues that could impact delivery schedules or inventory management. The post How to Measure Success: KPIs for Inbound Logistics appeared first on WorkWave.

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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.

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Ship Monk

MAY 5, 2022

Today, we’re going where the rubber meets the road: the actual migration. You remove all of your inventory from your current 3PL and ship it to your new fulfillment center(s) in one fell swoop. Strategy 2: Sending Inventory to Cover a Transition Period. Strategy 3: Shipping New Inventory Directly from Suppliers.

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Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. There are many different models for forecasting inventory , and plenty of textbooks written on the subject. Many companies use the EOQ model to manage inventory more efficiently while simultaneously minimizing inventory costs.

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3PL Links

FEBRUARY 14, 2024

Image source: Flickr | Logistics Planning 2024: How To Carry out Logistical Planning for This Year Have you ever given the recent evolution of logistics any thought? These modifications have brought attention to how urgent it is to take a more proactive and creative approach to guaranteeing market relevance and competitiveness.

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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.

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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.

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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.

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EazyStock

AUGUST 21, 2020

For businesses that carry non-perishable goods it’s tempting to order and carry surplus stock to help meet market demand and hit order fulfillment targets. So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction?

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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.

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EazyStock

FEBRUARY 26, 2020

Stock Availability – A Common Inventory Management Challenge. As small- and mid-sized businesses (SMBs) try to remain competitive, many are coming up against inventory management challenges. In this three-part blog series we’re looking at three of the most common inventory management issues faced by stock holding companies.

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Ship Monk

JULY 12, 2023

We sat down with Josh at ShipMonk HQ to discuss the future of ShipMonk, how to best help our clients reach their ideal ecommerce landscape, and for his thoughts on whether or not Budd is pulling his weight as “Head Monk of Fulfillment Services”. It’s an exciting time at ShipMonk and in the ecommerce industry overall.

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FW Logsitcs

MAY 25, 2023

Read on to learn more about how to find a food-grade warehouse in Indianapolis that meets your business’s needs. Once you have found an ideal option for your warehousing needs, you’ll be able to focus more intently on your core operations knowing you have secure storage solutions that meet all industry guidelines.

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3PL Insights

AUGUST 18, 2020

Two years later, Manuel was given the opportunity to oversee Fanuc’s inventory and became Evans’ inventory control specialist. Here at Evans, we are always working towards meeting our customers’ ever-changing needs,” he says. “It Manuel is hardworking and meets any challenge head on.

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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.

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The Logistics of Logistics

JUNE 23, 2022

Topic: Prepping for Peak: How to Level-up your CX Strategy this holiday season. Retailers and shippers must adapt their strategy to ensure they get the right product, to the right place at the right time to meet the high expectations of consumers/customers. Description: .

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CH Robinson Logistics

AUGUST 20, 2019

I recently participated in a webinar to discuss the changes in retailer expectations and how companies can successfully navigate retail compliance programs. Inventory management . Make sure you’re looking around every corner to get the right inventory management strategy along the way. Lead times. Transportation spend.

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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.

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GlobalTranz

AUGUST 11, 2017

There are diverse types of inventory management technology and systems, designed to properly sort, control and act upon information with a company’s inventory. As explained by Kenneth Hamlett of the Houston Chronicle , the two dominant types of inventory management technologies include manual and automated systems.

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EazyStock

MAY 24, 2019

In both of these cases, customer service levels are negatively impacted by a completely preventable challenge – if only you’d been carrying safety stock inventory! To keep customer service levels high, accurately calculated safety stock inventory is a necessity. 4 Primary Reasons for Carrying Safety Stock.

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EazyStock

MARCH 22, 2022

Damaged customer satisfaction and reputation – if you cannot meet demand, loyal customers could turn to a competitor and not return. Harder to manage supplier lead times – if you cannot give suppliers a good forecast of your annual inventory needs, it will be harder for them to meet your delivery deadlines.

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