article thumbnail

Stop Bleeding Money with Outdated Freight Bidding Strategies

CLX Logistics

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.

article thumbnail

Capitalizing on ERP trends in 2024

SYSPRO Smarter ERP

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

6 Types of Automation [Benefits, Pros/Cons, Examples]

Conger

Many companies are excited by the prospect of increasing efficiency and productivity with some help from automated equipment. 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.

article thumbnail

Why Companies Need a Supplier Relationship Management Strategy

GlobalTranz

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. .

article thumbnail

7 Tips For Building Supply Chain Resiliency

GlobalTranz

A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. Tips For Building Supply Chain Resiliency.

article thumbnail

How to Innovate Your Supply Chain Management: What You Need to Know

3PL Links

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. Ikea’s packaging design is a well-known example to help with this matter.

article thumbnail

Coupa Leverages Community Intelligence to Power AI

Logistics Viewpoints

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. A solution needs to be trained on the right data, on data that has been ethically sourced.” This solution provides for purchase order collaboration.