EazyStock

JULY 13, 2020

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. In this post we focus on inventory planning and how to optimize stock levels despite erratic customer behavior and supply restrictions. Investing in the Right Inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Forecasting Software Optimization Software 52

Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

Negotiating Skills 74

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 74

GlobalTranz

JANUARY 16, 2017

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. A common theme of the 2016 predictions was growth and scalability, so let’s look at how companies are using these technologies as we prepare for the innovations of 2017.

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Supply Chain Design Software Analysis Supply Chain Software Inventory Reduction 120

EazyStock

FEBRUARY 17, 2021

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 75

EazyStock

AUGUST 21, 2020

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? Carrying lower volumes of excess inventory in your supply chain can lead to lower carrying costs, such as reduced storage costs and inventory service costs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Resource Reduction 52

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. More expensive borrowing.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Inventory Reduction 52

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 Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Analysis 52

Kinaxis

JUNE 22, 2015

by Andrew Dunbar Over the last several weeks, this blog series on Inventory Management has explored the objectives and roles of inventory managers and outlined several of the improvement levers available to them. So, what do you need to measure to manage your inventory ?

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Metrics Inventory Reduction Inventory Inventory Management Software 100

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.

Inventory Management Software 52

Inventory Management Software Inventory Management Forecasting Software Optimization Software 52

EazyStock

JANUARY 6, 2023

To make it easier, supply chain professionals must understand potential risks to mitigate their impact. ABC/XYZ analysis can help identify the most valuable items to your business. It can also make it harder for suppliers if you realize you’ve underestimated and need an urgent order.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 52

EazyStock

JANUARY 6, 2023

To make it easier, supply chain professionals must understand potential risks to mitigate their impact. ABC/XYZ analysis can help identify the most valuable items to your business. Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios. Supplier ranking.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 52

ThroughPut

OCTOBER 16, 2022

Inventory Optimization to Unlock Supply Chain Efficiencies with Cost Reduction. A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years. DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

EMERGE App

AUGUST 22, 2019

Not Another List of Inventory Management Techniques. I want to start by saying that this is not an exhaustive list of all the possible inventory management techniques available for all industries. This is commonly used in the States but it is prohibited in other countries. You can actually use in your business.

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Inventory Management Software Inventory Management Inventory Reduction Inventory 66

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.

Modeling 52

Modeling Inventory Management Software Forecasting How To 52

DynaSys

JANUARY 15, 2021

For example, if your production process uses “blue silica”, each time your reference “blue silica” in your data management system, label it “blue silica” – never label it as “navy silica”. Typical steps include product introduction, product supersession, ABC & XYZ analysis, decommissioning and SKU rationalization. .

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S&OP Supply and Demand Forecasting Material Savings 52

EazyStock

MARCH 9, 2021

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. The Three Classifications used in ABC Inventory Analysis. Typically, they have a low inventory value.

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Inventory Management Software Analysis Inventory Management Inventory 83

EazyStock

DECEMBER 13, 2021

Many inventory management teams are looking for ways to avoid stockouts, as they can cause problems across the entire organization. However, there are steps you can take to improve your inventory management processes and be better prepared to prevent regular stock availability crises in your business. Demand forecasts. Lead times.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Supply Chain Planning Software 52

EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. A critical area of focus should be your eCommerce inventory management processes. Here’s how eCommerce businesses can improve their inventory management. Improving your eCommerce Inventory Management. Forecasting eCommerce inventory demand. Want to know how?

Inventory Management Software 52

Inventory Management Software Modeling Optimization Software Inventory Management 52

EMERGE App

MAY 28, 2019

But sometimes it doesn’t always work out this way. Here, we’ll start by covering what reducing your inventory means. Then we’ll summarise some inventory holding costs that you might not know about. Finally, we’ll cover 5 ways that you can take to sensibly reduce your inventory now.

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Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 45

ThroughPut

JANUARY 21, 2021

The ThroughPut Demand Sensing Module is your data-driven, go-to planning and forecasting tool to accurately analyze and correlate demand insights and respond to fluctuating margins and inventory needs. Accurately forecast and respond to fluctuating margins and inventory needs. Connect the dots between past, present, and future.

Supply and Demand 52

Supply and Demand Agile and Lean Supply Chain Optimal Sourcing Supply Chain Planning Software 52

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

EazyStock

MAY 11, 2021

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition.

Inventory Reduction 52

Inventory Reduction Inventory How To Modeling 52

KEPLER Consulting

DECEMBER 11, 2019

The inability to provide daily updated data on inventories of raw materials, semi-finished products, and finished products presents two major concerns: The decrease of the WCR for companies, the deployment of a dashboard tailored and user-friendly is essential in order to take charge of the management of a share of its WCR.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Material Savings Inventory Reduction 52

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition.

Analysis 51

Analysis Inventory Management Software Inventory Management Inventory Reduction 51

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition.

Analysis 40

Analysis Inventory Management Software Inventory Management Inventory Reduction 40

ToolsGroup

AUGUST 20, 2021

Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.” This is different from problematic ABC inventory classification.

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Modeling Inventory Reduction Inventory Forecasting 317

ToolsGroup

APRIL 26, 2023

Connecting real-time inventory insights with merchandise planning applications enables truly dynamic retail planning. Utilizing our Inventory Hub Dynamic Data Unification Platform , users can now allocate, replenish , and fulfill using real-time inventory insights and a single, easy-to-use dashboard.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. The Importance of Improving your Inventory Turnover. Prioritize your inventory. Reorder smarter.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Optimization Software Price Mitigation Strategies 59

RELEX Solutions

AUGUST 14, 2019

A supply chain executive once described his work as: “It’s disasters every day, and I love it”. Stochastic Planning for Optimal Inventory. This is no news to inventory management professionals. An effective safety stock level protects us from most stock-outs without causing excessive inventory cost.

Supply Chain Planning Software 31

Supply Chain Planning Software Supply Chain Planning Modeling Scenario Planning 31

New Horizon Supply Chain Blog

FEBRUARY 23, 2024

What Is Demand Planning Within the realm of supply chain management, demand planning is the process of forecasting and managing customer demand so that organizations can make appropriate decisions about future procurement, production, inventory, distribution, hiring, and capital investment. How Does It Differ from Demand Forecasting?

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

EazyStock

NOVEMBER 6, 2020

Maintaining cost-effective inventory levels is critical for any manufacturer, wholesaler, supplier or retailer. But just how much inventory is the right amount to hold? What are inventory carrying costs? It’s an umbrella term used to cover these four specific costs: 1. Inventory service costs. Inventory risk costs.

Purchasing Skills 40

Purchasing Skills Inventory Reduction Cost Reduction Strategies Optimal Sourcing 40

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.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 98

ThroughPut

SEPTEMBER 30, 2021

Powerful Supply Chain AI software empowers company Data to automate Demand Sensing in order to eliminate Supply Chain blind-spots, boost Operational Productivity, increase Inventory Turns, and unlock greater Financial Savings. Using ThroughPut’s proprietary AI, demand planners can: . PALO ALTO, Calif.,

Supply and Demand 52

Supply and Demand Material Savings Supply Chain Planning Software Demand Planning Software 52

6 River Systems

JULY 30, 2020

Managing warehouse inventory, on its face, seems a simple concept: Keep enough stock on hand to fulfill orders, but not so much stock that your warehouse is filled to the brim with inventory that won’t move for months (or years). How much does it cost to store and maintain slow-moving or stagnant inventory?

Inventory Management Software 101

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 101

ToolsGroup

FEBRUARY 13, 2018

Last week we discussed a Gartner framework for gauging inventory health, but noted that the Inventory Quality Ratio (IQR) could take a while to implement ( Click here to read last week’s blog). The typical steps in the process include: Base case analysis and service level simulation.

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RELEX Solutions

MAY 31, 2016

There are few challenges in retail tougher than managing groceries ; optimizing a broad inventory that includes fresh and short-shelf-life products is not easy. And there are few things that show better what a supply chain professional and a supermarket inventory management system can do and the impact they can have on profitability.

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Inventory Management Software Inventory Management Inventory Reduction Inventory 31