GoShip Blog

FEBRUARY 7, 2023

Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. Why a Solid Marketing Strategy is Important A marketing strategy refers to a business’s action plan for achieving its short and long-term goals and developing a sustainable competitive advantage.

Waste Reduction 52

Waste Reduction Price Reduction Resource Reduction Expense Reduction 52

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

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. Six Ways to Improve Inventory Turnover (with Inventory Optimization). A basic form of inventory categorization is ABC analysis.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

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

Bringg

MARCH 24, 2021

Supply chain optimization ensures a smoother process and a more successful business model focusing on efficiency and profit. First, let’s define what supply chain optimization means, the different factors involved, and how the right supply chain optimization techniques and solutions can help you support your key business initiatives. . .

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

EazyStock

AUGUST 21, 2020

There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items. Here we’re going to focus on our favorite top five inventory reduction strategies. In each of these cases, inventory optimization software can help. Supplier lead time reduction.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

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

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 123

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 123

EazyStock

FEBRUARY 1, 2021

trillion by 2023 , indicating a need for more robust online sales strategies. For businesses to succeed in eCommerce they must ensure they have an effective eCommerce supply chain strategy. Here are ways you can optimize your inventory management practices for eCommerce competitiveness: How to Manage eCommerce Inventory.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 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 81

Material Savings Expense Reduction Resource Reduction Cost Reduction 81

3PL Links

FEBRUARY 13, 2023

How to Innovate Your Supply Chain Management: What You Need to Know | Image Source: Axestrack Organizations must prioritize supply chain management and implement strategies to increase its efficiency if they want to compete in the market. Given the variety of products and business strategies, supply chain management is not a static concept.

Supply Chain Design Software 62

Supply Chain Design Software Optimal Sourcing Supply Chain Design Supply Chain Software 62

SYSPRO Smarter ERP

MAY 2, 2024

The other emerging area around AI in ERP focuses on trend analysis and forecasting. Here are some real-world examples of AI use cases in manufacturing: Improve data processing and analytics by recognizing context and generating valuable predictions and insights to help manufacturers make better decisions and optimize their performance.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

Logistics Viewpoints

DECEMBER 12, 2023

Optimizing warehouse operations for both service and profitability has never been more important, or more challenging. Today’s warehouse environment is too complex and fast-moving to manage effectively via human cognition, as well as manual planning and analysis. Warehouses also represent an enormous cost center. billion in 2022 to $3.12

Supply Chain Planning Software 170

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 170

GlobalTranz

APRIL 20, 2021

Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. This strategy requires greater investment and inventory carrying costs but enables continued production.

Supply Chain Planning Software 115

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

Locus

DECEMBER 7, 2021

A prime example is how governments in the Middle East have begun to rethink food security targets after the disruptions to their food supply chains. With the pandemic and political instability, businesses in the Middle East have begun to reconsider supply chain strategy to improve their resilience. Optimize sourcing decisions.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Logistics Viewpoints

MARCH 8, 2021

For example, go to the Walmart, turn right, and it is the third house on the left. The solution can answer questions like where should new production or distribution capacity be located to optimally accommodate anticipated growth in demand? What will the total costs be associated with different green strategies?

Supply Chain Design Software 155

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 155

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. Optimizing warehouse layout for better picking and storage efficiency. The work to get this has to be collaborative. The volume and quality of data is important.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 52

AIMMS

FEBRUARY 26, 2020

It found that 61% percent of respondents in distribution and retail , and 41% of businesses in manufacturing are largely in wait-and-see mode as they watch the news and plan for a strategy. Let’s explore some example s. . This leads to insightful and resilient thinking. . – Tweet this.

Supply Chain Planning Software 146

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Supply Chain Software 146

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. Using algorithms, AI can provide better quality data and analysis to give a complete overview of your warehouse and supply chain. AI was once only seen in science fiction. Machine learning in warehouses.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Logistics Business Magazine

MAY 28, 2024

Logistics Business’ David met with 3 namesakes, including Blue Yonder’s Senior Director for Global Retail Industry Strategy. Currently there is the challenge of middleware (software that lies between an operating system and the applications running on it), but Snowflake eliminates that as it’s permissive, for example if using ERP software.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Software Supply Chains Data 64

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. The importance of machine learning and intelligence combined with human touch for optimized decision making. Approaching a demand analysis with historical data and seasonal variations is no longer competent.

Procurement Analytics 62

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

SYSPRO Smarter ERP

OCTOBER 20, 2021

This would make it almost impossible to identify any trends around things like customer preferences and demands, as well as to define the optimal future direction for your organization from a technology perspective if the organization only produced analogue data. Digital transformation: a strategy.

Digital 133

Digital Factories Supply Chain Planning Software Supply Chain Software 133

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. But the opposite is not true – if you optimize one link, you have not optimized the entire supply chain.

Supply Chain Planning Software 172

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 172

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 114

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 114

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management. Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

MTS Logistics

DECEMBER 20, 2023

Elastic logistics is becoming a shining example of efficiency and cost savings due to its capacity to dynamically react to changing demand by expanding or reducing operations. Let’s dissect the essential elements that make up this dynamic strategy: 1. Cost optimization is made possible by elastic logistics’ adaptability.

Supply Chain Software 83

Supply Chain Software Supply Chains Inventory Reduction Cost Reduction 83

Penske Move Ahead

JANUARY 28, 2021

Supply chain network design — the process of determining a supply chain's physical configuration and infrastructure — is a powerful, strategic tool that executives can use to optimize a supply chain's functionality. The brief offers three examples from Penske's portfolio of projects that illustrate how network design yields strategic value.

Supply Chain Design Software 64

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 64

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. Data Analysis Grew Exponentially, Providing More End-to-End Visibility and Continuous Improvement. Data analysis is the companion of cloud-computing technologies.

Supply Chain Design Software 59

Supply Chain Design Software Supply Chain Software Supply Chain Design Analysis 59

SYSPRO Smarter ERP

JUNE 21, 2022

There are many causes, for example, container ships from Asia are now too large to traverse the Panama Canal (20 years ago they were not), so they offload on the West Coast of the United States and are compelled to truck all goods to the East Coast. The analysis is mostly on point; however, the blame does not lie with Lean.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 105

FW Logsitcs

FEBRUARY 5, 2024

The emergence of these specialized warehouses allows customized storage and distribution strategies tailored to product characteristics like shelf life, sensitivity, and turnover velocity. Advanced monitoring platforms analyze historical patterns to support proactive optimization of temperature setpoints and refrigeration system performance.

Supply Chain Design Software 52

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

Logistics Business Magazine

SEPTEMBER 27, 2023

“The significant growth of returns aligns with explosive e-fulfilment growth over the last several years, and it is a mandate for change across every part of the supply chain,” said Andre Luecht, Global Strategy Lead for Transportation, Logistics and Warehouse, Zebra Technologies.

Supply Chain Planning Software 64

Supply Chain Planning Software RFID Supply Chain Software Inventory Reduction 64

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. Analysis of data can be a valuable tool to show indications that things are going south and that preventative action needs to be taken right away.

Supply Chain Design Software 73

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

FreightWaves SONAR

SEPTEMBER 29, 2023

For example, as seen in scenario A1, the global unconstrained demand for air cargo will fall by 14% of pre-crisis volumes in the second quarter of 2020 and will not rebound to 2019 levels until around mid-2022.” The lean conundrum is the problem that was created by a sudden surge in demand and extremely lean inventory management strategies.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

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 Business Magazine

MAY 17, 2023

There is currently a trend on the market, both nationally and internationally, for brownfield solutions – i.e., the integration of new technology into existing buildings – to become increasingly attractive and a viable addition to the greenfield strategy. The result is another positive cost and time factor. •

Cost Reduction 55

Cost Reduction Efficiency Material Savings Waste Reduction 55

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. A Positive Example. In this role, he leads his organization to drive thought leadership and go-to-market strategy for supply chain execution and logistics solutions.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

Logistics Business Magazine

JANUARY 15, 2024

On display will be corresponding products and solutions which are designed to optimize the internal material flow. Examples include various reversing assistance systems, such as the AI-based Reverse Assist Camera, that alert industrial truck drivers to people in the vicinity behind them.

Modeling Software 60

Modeling Software Optimization Software Material Savings Expense Reduction 60