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

SYSPRO Smarter ERP

AUGUST 31, 2023

If you are a finance professional in a manufacturing business, your main goals are to reduce risk, improve profitability, and maintain high levels of compliance. Pulling data takes time and then you must format it for analysis and check for errors. Analysis is limited. Easily produce period-on-period analysis reports (e.g.,

Optimal Sourcing 111

Optimal Sourcing Optimization Software Data Optimization 111

Log-hub

NOVEMBER 6, 2023

Maintaining optimal stock is not just about inventory management; it’s a strategic imperative that impacts customer satisfaction, streamlines order fulfillment processes, reduces lead times, and improves order cycle times, thus enhancing overall efficiency of the entire supply chain.

Optimization Software 52

Optimization Software Inventory Reduction Optimization Cost Reduction 52

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

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. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.

Analysis 98

Analysis Price Reduction Cost Reduction Supply Chain Planning Software 98

Conger

MARCH 28, 2024

These commercial vehicles are called fleets and are often one of the most expensive assets for a business. It helps in promoting safer driving practices and reducing breakdowns. One of the strategies to consider is adopting robust fleet management software, which enables businesses to automate and streamline fleet-related processes.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

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

Ship Monk

APRIL 16, 2024

They can use the validated credit card to make far more expensive purchases, or they can resell the card credentials for a profit on the dark web. For this reason, many businesses focus their fraud prevention efforts at trying to reduce the number of transactions that are flagged for manual review.

eCommerce 82

eCommerce Modeling Software How To Procurement Solutions 82

The Logistics of Logistics

FEBRUARY 12, 2021

Freight damage is not only expensive and upsetting to customers, but it is also ridiculously hard to figure out where, when, and how it occurred. Ilya’s company, Paxafe creates sensors that enable companies to determine when, where, and how shipments were damaged. Additionally, freight damage and loss are very expensive.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

Logistics Bureau

MAY 31, 2021

The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve.

Cost Reduction 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

Logistics Bureau

MAY 8, 2023

If your company has yet to go through such a process, you’re at risk of missing a golden opportunity to reduce logistics costs and improve service with outsourced freight management. That’s not to say outsourcing will be suitable for every company.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

The Logistics of Logistics

MAY 24, 2023

With a strong commitment to reducing plastic and corrugated cardboard waste while achieving significant cost savings in packaging expenses, Mike has made substantial contributions to the industry. He holds an MBA from the prestigious Ross School of Business at the University of Michigan.

Packaging 268

Packaging Waste Reduction Supply Chain Planning Software Supply Chain Design Software 268

EazyStock

NOVEMBER 19, 2020

Yet inventory replenishment planning – done correctly – can have a really positive impact on your business in terms of improving operational efficiency, reducing supply chain risk and enhancing bottom line profitability. tracking and reporting KPIs for inventory analysis and continuous improvement. optimizing inventory levels.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

Conger

MARCH 20, 2024

In this article, you will discover: – How to design your warehouse for maximum efficiency – Selecting the right pallet rack for your needs – Safety and Stability in Warehouse Racking systems – And More! Flow racking significantly reduces the time spent handling items.

Inventory Reduction 74

Inventory Reduction Material Savings Efficiency Optimization Software 74

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

GoShip Blog

AUGUST 27, 2019

Despite it’s the final step of the supply chain, last mile is the most expensive, challenging and important stage of delivery. No matter how good is your supply chain management, if you fail to provide proper last mile shipping, you may lose customers. How to nail last mile shipping? Why is last mile shipping important?

Expense Reduction 40

Expense Reduction Inventory Reduction Cost Reduction Supply Chain Planning Software 40

GoShip Blog

NOVEMBER 14, 2018

Start setting the strategy in advance, rethinking all the possible drawbacks and difficulties you might face. Take a look back at the prior year or at your competitors’ strategy and make proper adjustments and improvements to your strategy that could help benefit your company. Big data analysis and forecasting.

Expense Reduction 49

Expense Reduction Inventory Reduction Efficiency Supply Chain Planning Software 49

EazyStock

MAY 11, 2021

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

Logistics Bureau

NOVEMBER 23, 2020

Obsolescence expense. An example from a company that turned to Kieran for help in cutting its costs and streamlining its warehousing operations will aid in illustrating this maxim. Reduce the Inventory, Make Significant Savings. By cutting back on inventory they reduced warehouse costs by about 20 percent.

Inventory Reduction 62

Inventory Reduction Inventory Expense Reduction Supply Chain Planning Software 62

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.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

FreightWaves SONAR

JANUARY 25, 2021

Freight management companies and partners can remain unsure of how to attain or utilize meaningful, actionable freight data. . The fees and expenses incurred still must be paid for somewhere along the chain. The best and only successful way to overcome flawed data analysis is to use effective technology. is forecast to top $9.6

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

Logistics Business Magazine

NOVEMBER 23, 2023

With reduced carbon emissions, financial savings, increased sustainability credentials, improved productivity, enhanced employee experience – the benefits of transitioning to an electric fleet are undeniable. However, it’s important to think of EVs in terms of total cost of ownership, instead of initial investment costs.

Presentation 58

Presentation Cost Reduction Expense Reduction Resource Reduction 58

Logistics Viewpoints

DECEMBER 12, 2023

Companies annually spend about $325 billion on warehousing — and 85% of that cost goes to operating expenses that include labor, space and equipment. Businesses would like to make the most of their investments in warehouse automation, but they’re not sure how to do that. Warehouses also represent an enormous cost center.

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

Automotive Logistics

FEBRUARY 8, 2019

This move to battery-electric driven vehicles will require new supply chain solutions and innovation, says Gilder, but the sector is still nervous about how to deal with the unknown, including battery logistics, and there are new players entering the market. Transformation strategy. The strategy has already had tangible results.

Cost Reduction 28

Cost Reduction Waste Reduction Expense Reduction Inventory Reduction 28

EazyStock

APRIL 18, 2023

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. More expensive borrowing.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

Logistics Business Magazine

JUNE 14, 2021

However, as much those reasons for automation makes sense, it’s still likely to come with its own set of challenges such as, HR issues, the financial expense, and the actual change to processes that automation brings with it. This “process” is where you need to begin your analysis. How to automate? Embrace change.

Automation 49

Automation Optimization Software How To Modeling Software 49

The Logistics of Logistics

NOVEMBER 4, 2019

I think the way companies buy today is very different from how they bought twenty years ago, and I really don’t think the logistics industry has evolved with that. There’s so much information out there that wasn’t available before about how to solve certain problems and what providers can help. It’s really all about the strategy.

Expense Reduction 172

Expense Reduction Strategy Analysis Logistics 172

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. Of course, the more data you need and the more sophisticated your methods are, the more expensive demand forecasting becomes. The amount of data available usually depends on the maturity of the product.

eCommerce 84

eCommerce Inventory Reduction Operations Modeling Software 84

Material Handling and Logistics

AUGUST 10, 2018

Though individual items often don’t amount to a huge expense, your total indirect spend and associated costs likely constitute a significant portion of your overhead expenses. Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

GlobalTranz

OCTOBER 16, 2015

So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips. Due diligence is a shipper's most important step in successful bid analysis. LTL procurement is something we do very well.

Negotiating Skills 90

Negotiating Skills Price Reduction Optimal Sourcing Cost Reduction 90

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

Conger

JANUARY 17, 2023

Because in this ultimate guide, you'll learn everything you need to know about the 5S warehouse system, including: What warehouse 5S is The 8 key benefits of 5S-ing your warehouse How to easily implement a warehouse 5S protocol And lots more! Some common sorting strategies include: General cleaning of an area. Let's dive in!

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

EazyStock

FEBRUARY 7, 2020

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. While both are positive strategic moves, operationally, they can lead to a wealth of internal inventory management problems: Difficulties managing a wide range of SKUs efficiently – spreadsheets won’t cut it!

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Logistics Bureau

SEPTEMBER 20, 2022

By then, remediation could be highly disruptive—not to mention expensive. In the face of such a challenge, the ability to differentiate logistics expenses from other operational costs is an attractive prospect—and one seemingly achievable by paying a partner to manage logistics activity. In many cases, it doesn’t.

Outsourcing 98

Outsourcing Cost Reduction Resource Reduction Expense Reduction 98

Locus

APRIL 3, 2023

An effective logistics solution is critical for optimizing supply chain efficiency, reducing costs, improving customer satisfaction, and supporting sustainability goals. Logistics management is an essential part of supply chain management and is crucial in achieving operational efficiency, reducing costs, and boosting customer satisfaction.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 52