Enterra Insights

FEBRUARY 16, 2021

Tolkien wrote, “It does not do to leave a live dragon out of your calculations, if you live near one.” As we learned last year, COVID-19 turned out to be a dragon no one saw coming — and it proved how difficult it is to plan for the unknown. ”[1]. The late President and five-star general Dwight D.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 100

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. In some circumstances carrying excess stock can be a good thing: having all items in stock helps avoid costly back orders and keeps customers happy.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Resource Reduction 52

Slimstock

MAY 7, 2019

Reducing excess stock can be a major speed bump because it requires coordinating management, finance and supply chain teams, and this is double true if you’re ordering from a spreadsheet. Instead, for the vast majority of organizations excess stock is typically involuntary and unwanted. 2) Excess Stock is Guzzling Working Capital.

Inventory Reduction 40

Inventory Reduction Resource Reduction Cost Reduction Strategies Modeling 40

EMERGE App

AUGUST 22, 2019

We have always dispensed down-to-earth tips and techniques at our blog, and the topic of inventory management techniques is no exception. And purchasing inventory means that you’re tying up a valuable and finite resource — working capital — in your stock. Not Another List of Inventory Management Techniques.

Inventory Management Software 66

Inventory Management Software Inventory Management Inventory Reduction Inventory 66

EazyStock

NOVEMBER 19, 2021

Determining appropriate levels of stock across a business can be very challenging. But if you don’t carry enough, you face stock-outs and reduced service levels. An important piece of this puzzle is to accurately calculate safety stock levels. Three simple ways to calculate safety stock.

Forecasting 52

Forecasting Modeling How To Forecasting Software 52

OptiProERP

SEPTEMBER 15, 2023

Keeping track of your inventory, ensuring you have the right amount of stock on hand, and minimizing costs associated with storing and managing inventory are all vital for a company’s success. One essential component of inventory management is understanding and calculating inventory carrying costs.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Purchasing Skills 52

EMERGE App

MAY 28, 2019

As every wholesaler, distributor and trader can tell you, holding a physical stock is a major bugbear of their business model. Unlike Software as a Service providers such as EMERGE App, traditional businesses need to purchase and store stock before they can sell them, hopefully, for a profit. What Does Reducing Your Inventory Mean?

Inventory Reduction 45

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 45

EazyStock

JULY 22, 2021

If you can accurately forecast market demand, you can take action to ensure you hold the correct stock to maximize sales and profit. Accurate inventory demand forecasting enables a company to hold the right amount of stock, without over or under-stocking, for optimum inventory control. Identify trends. Inventory Demand Trends.

Forecasting 105

Forecasting Forecasting Software Demand Planning Software Supply and Demand 105

EazyStock

MAY 11, 2021

In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. Instead if follows the Pareto Principle, where 20% of stock accounts for 80% of the value to the business. How to Calculate ABC Classification.

Inventory Reduction 52

Inventory Reduction Inventory How To Modeling 52

Locus

MAY 25, 2023

It helps companies to answer two crucial questions: How much to order? – Frequency What is the formula for calculating Economic Order Quantity? Mainly, we calculate demand for a year (How many units of a product do customers order in a year?) We calculate the holding costs annually on a per-unit basis.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Modeling Waste Reduction 52

SCMDOJO

OCTOBER 7, 2022

Logistics KPIs (Key Performance Indicators) measure how well an organization logistics function is performing. Logistics KPIs examples can vary from Basic 5 Logistics KPIs to a detailed list of 47 , which you can get from here. What we will cover in this blog. Attribute 5 – Safety related Logistics KPIs. Conclusion.

Optimal Sourcing 109

Optimal Sourcing Logistics Network Optimization Software Logistics Supply Chain Design Software 109

Arkieva

SEPTEMBER 17, 2015

Last post , I discussed in some detail the concept of cycle service level and how it works in the retail or a B2C environment. By contrast, the cycle service level would be 0% on account of the resulting stock out). Variants of these methods include calculating the fill rate based on order line item, quantities, etc.

Supply and Demand 60

Supply and Demand Inventory Metrics Examples 60

EazyStock

JUNE 18, 2019

In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. Instead if follows the Pareto Principle, where 20% of stock accounts for 80% of the value to the business. ABC Classification Calculation Example.

Analysis 51

Analysis Inventory Management Software Inventory Management Inventory Reduction 51

EazyStock

JUNE 18, 2019

In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. Instead if follows the Pareto Principle, where 20% of stock accounts for 80% of the value to the business. ABC Classification Calculation Example.

Analysis 40

Analysis Inventory Management Software Inventory Management Inventory Reduction 40

Arkieva

SEPTEMBER 15, 2016

If your forecast numbers are too low on the contrary, you may be ridden with a loss in possible sales and disgruntled customers due to a stock out. If your forecast numbers are too low on the contrary, you may be ridden with a loss in possible sales and disgruntled customers due to a stock out. in multi-echelon inventory optimization.

Optimization Software 60

Optimization Software Inventory Reduction Modeling Supply Chain Optimization 60

EMERGE App

OCTOBER 9, 2019

Then we’ll cover how much is enough stock for single-day sales. How do you ensure that you have enough stock available for sale so that you don’t lose any sales? Finally, we’ll show you how to ensure sufficient stock for seasonal sales like this. Introduction. What is Black Friday?

Purchasing Skills 40

Purchasing Skills Inventory Reduction Modeling Forecasting 40