EazyStock

FEBRUARY 17, 2021

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Any business that carries inventory needs to avoid stockouts and back orders.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

Talking Logistics

SEPTEMBER 4, 2018

For Management: a balancing strategy, etc…. It is about keeping all (well most) of the stakeholders of the supply chain content and taking into consideration the supply chain strategy of the organization. Hence following so-called industry trends may not always yield targeted results. Sales Strategy. Faster turn over.

Inventory Reduction 70

Inventory Reduction Inventory Logistics Network Optimization Software Cost Reduction 70

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

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. The secret to achieving efficiency lies in adopting robust maintenance strategies. Let’s dive in!

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. Next-generation supply chain management tools like CLX LaneLogix are a perfect example of the type of system. Ongoing Spend Analysis.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Logistics Viewpoints

MAY 13, 2024

Scale drives profitability,” Turner told a group of industry analysts on April 22 nd , the day before the Coupa Inspire user conference began. This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting.

Procurement Solutions 97

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 97

Logistics Viewpoints

AUGUST 14, 2023

Nevertheless, the argument that trade compliance is complementary to a company’s overall tax strategy certainly makes sense to many companies. The large fines above are examples of this class of penalties. For example, the U.S. In many companies, the legal department also rolls up to finance. Treasury Department.

Compliance 105

Compliance Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 105

GlobalTranz

AUGUST 17, 2015

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle. A comprehensive supplier management strategy helps organizations arrange suppliers based on different tiers of importance and reliability. .

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 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 supply chain design solution, for example, continues to grow in depth and usability. I see no evidence that less money is being invested in product development.

Supply Chain Design Software 121

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

MTS Logistics

DECEMBER 9, 2022

While a shortage of shipping containers, yes, the physical containers themselves, was a major issue during the COVID-19 pandemic, the industry now faces a new problem. Roeloffs is the chief executive of Container xChange, and online data resource for the shipping industry. Too many shipping containers. The Situation.

Inventory Reduction 83

Inventory Reduction Resource Reduction Disposal Analysis 83

FreightWaves SONAR

JULY 24, 2023

As the industry struggles to recover from the unprecedented global events of 2020, recognizing budget limitations is essential for industry growth and success. For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

MTS Logistics

FEBRUARY 1, 2023

It’s well-known that the growth and development strategies of countries either develop or complicate the commercial activities of the companies operating in that region. One of the examples of this that positively affects world trade is the National Transport and Logistics Strategy announced by Saudi Arabia about two years ago.

Logistics Network Optimization Software 85

Logistics Network Optimization Software Strategy Modeling Software Examples 85

3PL Links

DECEMBER 28, 2023

It can be equally helpful for developing innovative logistical solutions as it is frequently used in the retail and education industries. Uber, for instance, saw a trend in the logistics industry in 2017 and introduced Uber Freight, a platform that links truck drivers with businesses that require cargo transportation.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Sourcing Strategies Trends 48

FreightWaves SONAR

MARCH 26, 2024

Photo credit: Jim Allen Produce is a small portion of the volume of freight in the United States, but it can be one of the most disruptive forces in the industry. Take, for example, the market of Twin Falls, Idaho in comparison to Lakeland, Florida. This can be seen in a list or map view form.

Supply Chain Planning Software 52

Supply Chain Planning Software Negotiating Skills Data Scenario Planning 52

SYSPRO Smarter ERP

OCTOBER 20, 2021

The second step will be to convert all critical business data produced going forward that requires analysis to be collected going forward. In the factory environment, one example is the digitization of records for a more efficient method of record keeping, thereby improving the batch traceability process.

Digital 133

Digital Factories Supply Chain Planning Software Supply Chain Software 133

Material Handling and Logistics

JANUARY 8, 2018

In 2017 losses incurred from catastrophes such as hurricanes, wildfires, and earthquakes could make it one of the costliest years in history for the property insurance industry, Savitsky noted. Hurricane Maria, which slammed into Puerto Rico on September 20, 2017, is a prime example of a catastrophe that reverberates through supply chains.

Supply Chains 142

Supply Chains Cost Reduction Examples Events 142

Logistics Viewpoints

OCTOBER 11, 2021

Jackson Wood, director of industry strategy for global trade intelligence at Descartes. I had interesting conversations with Jackson Wood- director of industry strategy for global trade intelligence at Descartes, and Linda McKee – director of solution management for global trade services at SAP.

Compliance 116

Compliance SAP Vendor Strategies Sourcing Strategies 116

Logistics Viewpoints

DECEMBER 12, 2023

Today’s warehouse environment is too complex and fast-moving to manage effectively via human cognition, as well as manual planning and analysis. Let’s look at the example of an order that needs to go out by 5:00 pm, when FedEx or UPS is making a pickup. billion in 2022 to $3.12 What Exactly Does a WES Do? The result?

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 168

Turvo

JANUARY 26, 2021

The so-called “chaotic” storage approaches are an example of this changing approach where the use of warehouse space is better managed to improve worker efficiency. These are just two simple but powerful ways supply chain data analytics is changing the supply chain industry for the better.

Supply Chain Design Software 73

Supply Chain Design Software Supply Chain Software Optimization Software Supply Chain Design 73

SYSPRO Smarter ERP

MARCH 28, 2024

It is a modern business strategy that lets company staff make decisions based on facts instead of biases. You don’t want data that could create analysis paralysis. Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 52

MTS Logistics

JULY 21, 2023

The global shipping industry heavily relies on accurate and timely documentation, such as the Bill of Lading (BOL), to transport an astounding 11 billion tons of cargo annually. According to a 2020 analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 Statistics and Examples 1.

Cost Reduction 66

Cost Reduction Document Expense Reduction Supply Chains 66

Automotive Logistics

FEBRUARY 8, 2019

That service is going to become all the more important according to Murray Gilder, CHEP’s vice-president of automotive in the EMEA region, as the automotive industry goes through the largest revolution in its history. . Transformation strategy. The strategy has already had tangible results. ” Dangerous goods. “We

Cost Reduction 28

Cost Reduction Waste Reduction Expense Reduction Inventory Reduction 28

Logistics Viewpoints

MARCH 8, 2021

Belcorp, like most companies in their industry, has quite a complex supply chain. For example, go to the Walmart, turn right, and it is the third house on the left. What will the total costs be associated with different green strategies? From a process perspective, an analysis is not enough. Logistics can be a challenge.

Supply Chain Design Software 153

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

3PL Links

FEBRUARY 19, 2024

Image source: Flickr | Navigating Trends and Projections in Logistics for 2024 The logistics industry is always changing due to fluctuations in the market, technology advancements, and the never-ending quest for efficiency. Growth of E-commerce: E-commerce kept growing, increasing the need for effective logistical services.

Sourcing Strategies 48

Sourcing Strategies Trends Inventory Reduction Logistics Network Optimization Software 48

MTS Logistics

APRIL 3, 2023

The shipping industry is essential to the global economy, responsible for the transportation of goods between countries. The effects of inflation on the shipping industry were seen in several areas: higher fuel, increased transportation, labor and equipment costs. And, the effects are not limited to those areas.

Inventory Reduction 95

Inventory Reduction Cost Reduction Price Reduction Supply Chains 95

Logistics Business Magazine

FEBRUARY 23, 2024

Complexity requires having a data strategy.” The 3PL specialises in service parts logistics for automotive, industrial and tech customers, formerly being Caterpillar Logistics Services. For example, the Dexory View dashboard enables pick face analysis of volumes. Our industry is en vogue. Machine help?

Logistics Network Optimization Software 54

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 54

FreightWaves SONAR

FEBRUARY 25, 2021

Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. Enterprise shippers need a proactive strategy to secure capacity One of the biggest challenges that shippers face remains to secure capacity.

Supply Chain Software 90

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 90

GlobalTranz

JANUARY 17, 2017

According to Sundeep Sunghavi, the use of predictive analytics will save approximately $630 billion in the manufacturing industry over the next 15 years. For example, the aeronautics’ giant, Lockheed Martin, has embraced augmented reality during the manufacturing and repair processes, explains Industry Week. billion by 2021.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

Blue Grace Logistics

JULY 27, 2021

We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. Approaching a demand analysis with historical data and seasonal variations is no longer competent. Simple Examples of Predictive Analytics. Predictive analytics is used in every industry.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

IoT World Today

MAY 24, 2021

Organizations need to build supply chain resiliency into their strategies in the face of an increasingly connected world with new attack vectors. The global supply chain, for example, has been hit hard over the past 15 months, creating supply shortages and imbalanced demand. As a result, industry in the U.S. Know where data is.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Modeling Software 105

Logistics Viewpoints

FEBRUARY 16, 2021

According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. This example illustrates why supply chain visibility isn’t enough. Scenario analysis allows you to weigh alternatives by calculating the effects of possible changes.

Supply Chain Planning Software 170

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 170

Logistics Business Magazine

JANUARY 15, 2024

Offering the broadest portfolio of energy and safety options for industrial trucks and leading technical material flow solutions, the intralogistics specialist supports its customers on their way to greater efficiency, sustainability and performance. This can be followed by further analysis within the company,” explains Rochelmeyer.

Modeling Software 56

Modeling Software Optimization Software Material Savings Expense Reduction 56

Logistics Viewpoints

JANUARY 26, 2024

Emergency vehicles, for example, would be exempt, and the California Highway Patrol could authorize the system’s disabling in certain other cases. The pace appears to have picked up since spring 2023 with investments in Veo Robotics, computer vision company Flymingo, industrial wireless automation startup CoreTigo, Rightbot and Instock.

Logistics Network Optimization Software 139

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Inventory Reduction 139

Ship Monk

FEBRUARY 24, 2024

For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client. In the previous example, you have the physical weight that extra travel inventory creates in your luggage that you have to lug around. You never want to cut corners on these, or any, crucial areas of your ecommerce brand.

eCommerce 88

eCommerce Inventory Reduction Tips Waste Reduction 88

Logistics Viewpoints

JANUARY 26, 2021

Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts. We estimate that productivity gains and cost savings alone could deliver near-term impact of 200 to 600 basis points of margin expansion across advanced industries, worth $200 billion to $500 billion.”.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

FreightWaves SONAR

FEBRUARY 16, 2021

By using strong management and analysis processes, supply chains can maximize value and stay competitive. A clear vision for how the market and the fleet can work in unison is at the heart of fleet management within the trucking industry. Streamline data capture and analysis.

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

GlobalTranz

SEPTEMBER 19, 2016

They discuss what it takes to create green industrial and manufacturing facilities from scratch. Creating Green Industrial and Manufacturing Facilities From Scratch. We live in a very well-informed world, so at this point, it’s clear that industrial practices can cause some serious environmental harm. that require attention.

Manufacturing Procurement 87

Manufacturing Procurement Material Savings Resource Reduction Industry 87