Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. By identifying these gaps, you can create sourcing events to close them.

Supply Chain Design Software 139

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 139

Logistics Viewpoints

SEPTEMBER 4, 2023

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters. Procurement ran a request for proposal event.

Procurement Solutions 122

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 122

SYSPRO Smarter ERP

MARCH 20, 2024

In recent years, the amount of data available to most companies has exploded. Common issues include: Lack of data-source integration. The ability to gather and compare data from multiple sources is vital to making real-time decisions. Data warehousing costs rise. Scarce manpower. Human error.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Expense Reduction Cost Reduction 105

3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms.

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Analysis Supply Chain Software 48

SYSPRO Smarter ERP

MARCH 28, 2024

Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights. Using data to find patterns, inferences, and insights ensures that your company goals and plans are based on evidence and that decisions made are balanced and objective.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 52

Logistics Viewpoints

FEBRUARY 28, 2022

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. Further, while artificial intelligence helps solve certain types of problems, Jay Muelhoefer – the chief marketing officer at Kinaxis pointed out – optimization and heuristics work better for other types of planning problems.

Supply Chain Planning Software 170

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 170

Talking Logistics

SEPTEMBER 11, 2017

It is also my go-to example when I try to explain supply chain and logistics to my kids. “Do Take one of the questions above, for example: Can a single truck deliver multiple types of food products together or do they get delivered via separate trucks? Do you ever wonder how all of these foods and products got here,” I ask them.

Optimal Sourcing 62

Optimal Sourcing Optimization Modeling Optimization Software Optimization 62

FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The cloud also allows access to Big Data, which greatly improves the platform’s ability to do machine learning. The use cases just keep expanding.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121

Logistics Viewpoints

JUNE 29, 2021

In a prior post , I wrote about the various ways data is transforming global supply chains. Data is the raw fuel of digital transformation and the linchpin to accelerating industry collaboration, automation, predictive insights and so many more cutting-edge capabilities (including those yet to be invented). So, what is quality data?

Data 146

Data Supply Chain Design Software Supply Chain Planning Software Digital 146

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. This includes internal and external data sources.

Supply Chain Planning Software 157

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 157

Freightos

NOVEMBER 21, 2023

More Resources Home November 21, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices increased 25% to $4.23/kg.

Optimal Sourcing 113

Optimal Sourcing Negotiating Skills Price Reduction Demo 113

Trinity Logistics

OCTOBER 31, 2021

Transportation Management software offers you a way to view insightful data, gain visibility, and better manage all the moving parts in the shipping process. Transportation management affects every part of your logistics process, from planning to procurement and more. How do you gather and view data? Optimization.

Optimization Software 97

Optimization Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 97

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. The right partner will also work with your team to implement changes based on data-driven recommendations and identify opportunities for continuous improvement. . Focus on Carrier Procurement and Management.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

SYSPRO Smarter ERP

MAY 2, 2024

Ever-evolving business requirements are another strong influencer as manufacturers strive to improve business processes and efficiencies. This market growth is being propelled by the drive to improve operational efficiencies, the competitive advantages to be gained by adopting cloud-based ERP and the benefits offered by AI and ML.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

EazyStock

AUGUST 9, 2022

This is where supply chain digitalization projects can help to automate simple processes, improve efficiency and save money. Finding optimal healthy stock levels isn’t easy. With accurate demand forecasting information, inventory managers can set optimal stock levels to meet demand while keeping costs to a minimum.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52

SYSPRO Smarter ERP

SEPTEMBER 6, 2022

A practical way that manufacturers can do so is firstly through using data in more comprehensive ways and secondly by embracing digitization to optimize their operations for the future. Optimizing the use of data for manufacturers. Obstacles on the data journey for manufacturers.

Manufacturing Procurement 111

Manufacturing Procurement Factories Optimal Sourcing Supply Chain Software 111

Conger

JANUARY 27, 2023

Examples of automation range from a household thermostat to a large industrial control system, self-driven vehicles, and warehousing robots. Examples are industrial robots and multipurpose CNC machines. Process Automation Process automation means using technology to automate manual processes through data and systems integration.

Supply Chain Software 52

Supply Chain Software Examples Supply Chain Design Software Supply Chain Planning Software 52

IoT World Today

MAY 21, 2020

Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 145

Freightos

APRIL 27, 2023

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Data 62

Data Freight Optimal Sourcing Supply Chain Software 62

Logistics Viewpoints

APRIL 3, 2023

Aera is using data crawlers to crawl across billions of rows of transactional data on a monthly basis. This is combined with data from external sources on weather, logistics lead times, and sustainability performance. They are designed to have minimal impact on the performance of the underlying source systems.

Supply Chain Planning Software 151

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 151

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. For example, go to the Walmart, turn right, and it is the third house on the left. In 2018, they implemented a LLamasoft inventory optimization solution.

Supply Chain Design Software 153

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 153

Logistics Business Magazine

APRIL 17, 2024

Companies must also consider cost implications, accurate demand forecasting, trend analysis, process automation, and logistics considerations. By optimizing expenses, businesses can allocate resources to enhance product quality and service delivery, ensuring customer satisfaction. Why do companies struggle to deliver great experiences?

Supply Chain Software 64

Supply Chain Software Supply Chains Optimal Sourcing Optimization Software 64

Conger

APRIL 1, 2024

Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Examples include cleaning and lubricating the moving parts or replacing parts before they wear out. Efficiency: Well-maintained machines operate at optimal levels that lead to increased productivity.

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

Logistics Viewpoints

SEPTEMBER 19, 2023

Supply chain executives must evolve from cost and service as the key objectives for optimal demand-supply balancing towards the “quadfecta” of cost, service, resiliency, and sustainability. The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream.

Supply Chain Design Software 139

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 139

Blue Grace Logistics

AUGUST 12, 2021

How technology can help companies get ETAs based on real-time data. For example, in a flight, the wind and its direction are also considered. How Technology Can Improve ETA. Today, many companies have already launched AI tools to improve the prediction of maritime and land transport operations. When Will It Arrive?

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Modeling Software Optimization Software 62

Trinity Logistics

OCTOBER 19, 2022

As with many technology implementations, they are, by and large, applying rulesets to data. Being able to quickly process a defined pattern against a large data set is both no mean feat and hugely beneficial in a supply-chain setting. Take Gato from DeepMind, a division of Alphabet, as an example.

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

CLX Logistics

JULY 26, 2021

1 As the ability to strategize bidding continues to improve and keep shippers competitive, that number will continue to grow. Soon, it’ll almost be a guarantee that if you’re not leveraging modern data analytics properly, you’re losing money or leaving it on the table. Procurement Event Strategies. Ongoing Spend Analysis.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

GoShip Blog

JUNE 16, 2021

With the volume of data entering the supply chain every day, AI computing technology has the potential to shift business trends to encourage revenue. . AI in supply chain and operations can efficiently handle data for analysis and automated functions. Improved supplier relationship. Autonomous vehicles.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 52

Logistics Viewpoints

FEBRUARY 8, 2022

For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. As just one example, Nike’s online sales grew by 75% in 2020 — but its profit margins fell from 45.5% due to the higher costs associated with online selling.

Optimal Sourcing 113

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 113

SYSPRO Smarter ERP

SEPTEMBER 20, 2021

For example, before the pandemic, companies could get by with analog machines, paper-based systems, and disconnected point solutions. And scheduling must be precise and optimized — you want to use every available minute to ensure that machines are never sitting idle. Manufacturers need a single source of accurate information.

Manufacturing Procurement 110

Manufacturing Procurement Optimal Sourcing Optimization Software Digital 110

Logistics Business Magazine

MARCH 1, 2021

INDUTRAX PS I FLS Fuzzy Logik & Neuro Systeme have entered a partnership to offer integrated software solutions to analyze business processes using location data and AI methods, to identify weaknesses and to visualize improvement potential in a comprehensible form. From raw location data, Deep Location Awareness is created.

Optimization Software 43

Optimization Software Optimal Sourcing Logistics Network Optimization Software Manufacturing Procurement 43

GlobalTranz

OCTOBER 5, 2015

Current and future applications have the potential to provide new methods of value creation and sources of revenue streams for companies in the digital age. 11 Improvements by the Deployment of the Internet of Things in the Supply Chain. 11 Improvements by the Deployment of the Internet of Things in the Supply Chain.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 111

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

Supply Chain Planning Software 59

Supply Chain Planning Software Procurement Solutions Optimal Sourcing Procurement 59

GlobalTranz

APRIL 20, 2021

A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. To increase resiliency, consider broadening the supplier base and adding local or near-shore sources. Utilize a TMS That provides real-time data to remain agile.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

FW Logsitcs

FEBRUARY 5, 2024

It also provides a critical chain of custody data. Advanced monitoring platforms analyze historical patterns to support proactive optimization of temperature setpoints and refrigeration system performance. If you need temperature-controlled warehouse logistics, look to FW Logistics.

Supply Chain Design Software 52

Supply Chain Design Software Optimization Software Optimal Sourcing Supply Chain Software 52

Logistics Viewpoints

OCTOBER 5, 2021

Functional teams can’t work in concert unless they are sharing the same data, the same end-to-end view, and the same objective of profitably and quickly getting products to the customer. The most common way companies are attempting to optimize their human resources is via the deployment of warehouse labor management solutions.

Optimal Sourcing 127

Optimal Sourcing Resource Reduction Supply Chain Software Supply Chain Design Software 127