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. It is a modern business strategy that lets company staff make decisions based on facts instead of biases. The volume and quality of data is important.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 52

FreightWaves SONAR

JANUARY 28, 2021

Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis.

Waste Reduction 105

Waste Reduction Resource Reduction Price Reduction Cost Reduction 105

Logistics Viewpoints

FEBRUARY 22, 2022

The role of logistics in modern companies is not only to support corporate strategy but also to enable it. Data is the enabler that allows companies to meet these changing market dynamics through optimal transportation orchestration. How about your need for a seamless corporate transportation analysis?

Data 104

Data Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction 104

Log-hub

NOVEMBER 22, 2023

7 min read Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis In the dynamic world of supply chain management, optimizing warehouse operations has become an indispensable factor for businesses. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

WorkWave

MARCH 26, 2024

Let’s delve into this topic to understand its significance and explore strategies for optimizing delivery routes to enhance customer satisfaction. Advanced route planning software utilizes real-time data, predictive analytics and machine learning algorithms to create efficient delivery schedules tailored to each driver’s route.

Optimization Software 105

Optimization Software Optimization Logistics Network Optimization Software Cost Reduction 105

FreightWaves SONAR

JANUARY 25, 2021

It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

MARCH 2, 2021

From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.

Analysis 98

Analysis Price Reduction Cost Reduction Supply Chain Planning Software 98

Log-hub

NOVEMBER 6, 2023

Strategies for determining optimal stock levels Strategies for determining optimal stock levels often involve a combination of various methods and concepts, including the Economic Order Quantity (EOQ), JIT, Safety Stock, and ABC & XYZ Analysis. You should establish a common language to ensure mutual understanding.

Optimization Software 52

Optimization Software Inventory Reduction Optimization Cost Reduction 52

FreightWaves SONAR

APRIL 5, 2021

Tracking market trends within truckload rates relies heavily on data and analysis. The key to avoiding this kind of situation is predictive planning and analysis. This kind of real-time data analysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

3PL Links

JULY 7, 2023

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48

FreightWaves SONAR

MARCH 17, 2021

That’s where SONAR SCI Lane Acuity can add the most value and prepare enterprise shippers for true, future-ready bidding strategies. Lane Acuity helps you know how difficult it is to cover loads for a given lane and using that information to your advantage in bidding and day-to-day operations. Request a SONAR Demo.

White Paper 98

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Log-hub

MARCH 1, 2023

The mistakes that can pull your supply chain far away from the progress are bad cost management strategy, lack of optimized business processes, neglecting data and KPI’s, poor customer service and no future planning. But how to get rid of them? One of them is a bad cost management strategy.

Cost Reduction 52

Cost Reduction Sourcing Strategies Expense Reduction Supply Chain Design Software 52

Log-hub

DECEMBER 8, 2023

As per the ATRI data, the overall marginal expenses for trucking marked a significant of 21% increase in the year 2023. To jump straight to the point, some basic strategies for handling rising transportation costs, which we’ll cover in this Playbook, are related to optimal network design and route optimization.

Cost Reduction 52

Cost Reduction Optimal Sourcing Handling Supply Chain Design Software 52

3PL Links

FEBRUARY 11, 2024

Image source: Rawpixel.com | How to Make Reverse Packaging Logistics More Efficient? Each tactic—from active consumer involvement to sustainable design—is laid out clearly and demonstrates how we may improve the efficiency of packaging recycling.

Sourcing Strategies 48

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GlobalTranz

NOVEMBER 16, 2016

The amount of information and improvement possible through big data can be overwhelming. Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. How to Get Started with Your Big Data Strategy. . This is where the explanation of big data begins. .

Resource Reduction 91

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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? Read also: How to Make Reverse Packaging Logistics More Efficient? How to carry out logistical planning for 2024? Why is logistical planning necessary?

Supply Chain Planning Software 48

Supply Chain Planning Software Scenario Planning Optimal Sourcing Sourcing Strategies 48

Blue Grace Logistics

FEBRUARY 6, 2023

Although supply chains are starting to normalize and rebound, COVID-19 exposed a lot of weaknesses and led shippers to gain a better understanding of the importance of data portfolios, which is the primary purpose of outsourced logistics solutions. Visibility and data remain top-value propositions that outsourced logistics entities solve for.

Supply Chain Design Software 62

Supply Chain Design Software Outsourcing Supply Chain Planning Software Supply Chain Software 62

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Supply chain strategies have come into the spotlight as volatile demand and complicated global markets have made supply chains more complex.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

Log-hub

DECEMBER 12, 2023

Your most valuable tool in such situations is making decisions based on data. Did you know that the impact of data-driven decision-making is significantly amplified when disruptions occur? Leveraging data-driven decision-making has the potential to yield improvements of up to 10% in conditions characterized by disruptions.

Supply Chain Design Software 52

Supply Chain Design Software Scenario Planning Supply Chain Design Supply Chain Planning Software 52

Blue Grace Logistics

MARCH 24, 2022

Prescriptive and predictive analytics help companies see the proverbial iceberg coming and learn how best to avoid it. How to Implement High-Level Analytics in Logistics. They use historical data to determine which strategies and decisions are most likely to move the company closer to their goals. level of analytics.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Supply Chains How To 62

FreightWaves SONAR

DECEMBER 30, 2020

Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. This remains key to the overall success of investments within supply chain analysis. Think about it. Download the White Paper.

Supply Chain Planning Software 98

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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: .

Webinar 195

Webinar Supply Chain Software Supply Chains Sourcing Strategies 195

The Logistics of Logistics

FEBRUARY 12, 2021

Ilya was formerly a strategy and operations management consultant within the Big 4 with both PwC and KPMG, advising Fortune 1000 clients across healthcare, technology, and private equity verticals. Learn More About How to Predict and Prevent Freight Damage. Ilya Preston is the Co-founder and CEO of PAXAFE. About PAXAFE. Ilya Preston.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

Locus

JUNE 16, 2023

Read also: How to Calculate the Cost of Transport 2. A recent analysis by the American Trucking Associations (ATA) indicates that if existing trends persist, we could see a potential driver shortage reaching up to 175,000 by 2024. Efficient fuel management can enhance route planning and capacity utilization.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. 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. How to Choose Inventory Management KPIs. Managing inventory is a complex business. Backorder rate.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. Ask Traditional Questions, and Let Big Data Provide Answers. However, the fundamental problem remains. Increasing order efficiency. Demand forecasts.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

Logistics Bureau

OCTOBER 10, 2022

The second is when you implement segmentation of the SKUs in your portfolio based on Pareto analysis. How to Improve Forecast Accuracy for Optimal Inventory. How to Calculate Economic Order Quantity. To calculate the EOQ of an SKU, you first need the following items of data to hand: The carrying cost per unit for the SKU.

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

Ship Monk

MAY 20, 2021

In addition to understanding your market, try to contextualize it as much as possible with historical trends and stone cold data. Competitive Analysis. A competitive analysis is a great way to learn from the greats while also spotting potential structural weaknesses within your own business. #5. Marketing Strategy.

How To 64

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Talking Logistics

APRIL 17, 2018

Again and again, digitization and data were at the heart of panel and networking conversations. Even headline speakers were professing “data got sexy” and data is now a core strategy for companies looking to succeed. Supply chain leaders are wanting their organizations to be data-driven.

Supply Chain Design Software 68

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 68

Logistics Bureau

NOVEMBER 16, 2020

The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. You could be particularly numerate, or into analysis. Certified Supply Chain Professional : Learn how to develop streamlined supply chain operations. Do you want to be managing people?

Supply Chain Planning Software 115

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

SYSPRO Smarter ERP

JANUARY 23, 2023

Reporting requires businesses to collect and track data on their ESG performance and report this information in a transparent and consistent manner. This involves implementing processes and systems for collecting and reporting on data, and some businesses may need to ensure that the information is verified by a third party.

ERP 111

ERP Waste Reduction Optimal Sourcing Supply Chain Planning Software 111

Shipchain

SEPTEMBER 11, 2019

Today’s hottest commodity is data. Nowadays, how you study, manage, and protect your data can make or break you. Read on for an analysis as to why data is so valuable and how you can be optimizing it. So What is Data? In simplest terms, data is any set of facts or figures. It is all around us.

Data 52

Data Resource Reduction Optimization Software Study 52

Logistics Viewpoints

NOVEMBER 6, 2023

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Increasingly, EcoVadis is becoming known as the go to organization to help corporations accelerate this journey to collect upstream supplier environmental, social, and governance data.

Supply Chain Planning Software 133

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 133

GlobalTranz

SEPTEMBER 23, 2015

Thanks to data gathering programs, supply chain software , and data entry applications, this represents a mountain of data, which has the potential to provide ground-breaking insight into how to improve business-model efficiency. What Is Supply Chain Big Data? How Does Big Data Improve a Supply Chain?

Supply Chain Design Software 108

Supply Chain Design Software Supply Chain Software Supply Chain Design Procurement Analytics 108

3PL Links

DECEMBER 28, 2023

It is anticipated that the upcoming year will be dedicated to honing the use of these latest innovations and learning how to strategically integrate them into the operation. Strategic API integration allows logistics organizations to get almost real-time data and updates about orders and shipments. Check out below: 1.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Sourcing Strategies Trends 48

GlobalTranz

APRIL 12, 2018

Cerasis is excited to announce the release of an all new, exclusive, & educational resource “How to Optimize Full Truckload Shipping Through Technology & Best Practices” white paper! This is a must read for those are looking to reduce Full Truckload costs and optimize full truckload shipping in order to do more with less.

White Paper 60

White Paper Optimization Software Optimization Resource Reduction 60

EazyStock

AUGUST 21, 2020

There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items. Any organization looking to lower costs across their supply chain and improve profit margins should therefore start by taking a closer look at how to reduce their stock levels.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52