FreightWaves SONAR

MARCH 2, 2021

Companies are rapidly adopting and using real-time data to clearly understand challenges to better mitigate unexpected problems when they arise. In fact, logisticians should consider these top five use cases of increased visibility and data within logistics and how they improve throughput. Download the White Paper.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 52

EazyStock

NOVEMBER 17, 2020

Many organizations have an enterprise resource planning (ERP) system to collect, store, manage and interpret data from a host of different businesses processes. This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities. What is ERP inventory management?

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

CH Robinson Logistics

DECEMBER 15, 2021

However, with this year’s volatility, I was also given a front-row seat to a new level of hyper collaboration – including individuals going out of their way to help each other, more strategy sessions between shippers and forwarders, and continually leaning into historical data and current market insights to find smarter solutions.

Sourcing Strategies 90

Sourcing Strategies Global logistics Cost Reduction Inventory Reduction 90

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. So it makes sense to look for ways to reduce inventory and keep levels under control!

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

Logistics Bureau

DECEMBER 19, 2022

Slotting a warehouse product is the same, for example, as placing your umbrella close to your front door at home, so it’s easy to pick it up and run when it’s raining, and you’re late for work. Therefore, any slotting strategy should focus on minimising such travel. Slotting Increases Replenishment Efficiency.

Production 92

Production Inventory Reduction Cost Reduction Resource Reduction 92

Material Handling and Logistics

AUGUST 31, 2018

The solutions to supply chain problems boil down to the right combination of three factors—technology, data and processes. Fundamentally, the solutions to supply chain woes boil down to the right combination of three factors—technology, data and processes. Data is a critical business asset. Trouble finding skilled labor”.

Supply Chain Design Software 145

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 145

Logistics Viewpoints

NOVEMBER 15, 2022

This flexible, less comprehensive WMS strategy reduces risk, accelerates digital transformation, improves long-term flexibility, and gives companies immediate access to the technologies they need to compete for the long haul. Highlighting this use case, a storage and organization retailer, with stores throughout the U.S.

Optimization Software 136

Optimization Software Inventory Reduction Production Vendor Strategies 136

SYSPRO Smarter ERP

FEBRUARY 22, 2024

Using alphanumeric logic can help you optimize simple picking strategies without having to implement a full-blown warehouse solution or warehouse mapping solution. For example, by stacking containers higher you can make use of vertical space, and mobile shelving units can be useful for seasonal products.

Manufacturing Procurement 116

Manufacturing Procurement Inventory Reduction Expense Reduction Waste Reduction 116

Logistics Viewpoints

OCTOBER 21, 2021

Pop up warehouses, micro fulfillment centers, and warehousing-on-demand are all examples of how the nodes are becoming increasingly dynamic. Design can help test such ideas before implementing changes to the master data. This is leading these organizations to move from Design being an episodic activity to a continuous process.

Supply Chain Design Software 114

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 114

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 device prevents vehicles from surpassing a certain speed, by harnessing GPS and on-board camera data to determine limits on a specific roadway.

Logistics Network Optimization Software 140

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Inventory Reduction 140

Logistics Bureau

OCTOBER 10, 2022

For example, you can optimise for cost, profit, or service, but not for all of them. For example, inaccurate forecasts typically lead to: Overstocking — a problem that ties up working capital and can lead to inventory obsolescence. Ignoring the presence of forecast biases which skew replenishment patterns. 3: Supplier Lead Time.

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

Logistics Business Magazine

OCTOBER 9, 2023

Edward Napier-Fenning, Sales & Marketing Director of leading supply chain software company Balloon , explores five key areas that can boost performance – including route planning, picking, labour management reporting and data entry. A minor example is some work we recently did for Birlea.

Warehousing 61

Warehousing Sourcing Strategies Supply Chain Planning Software Resource Reduction 61

EazyStock

OCTOBER 20, 2020

This keeps the data clean and easier to use for forecasting going forward. Look out for such trends in your historical demand data and adjust your forecasts accordingly. Qualitative factors: Add any qualitative forecasting factors into your data, such as sales promotions, competitor activity or external market events.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

The Logistics Academy

OCTOBER 18, 2017

As global supply chains become more complex and customers more demanding, the race is on to develop software applications that can effectively manage and make sense of the zettabytes of data being generated by our digital world. Of course, capturing the data and then using it to make good decisions are two entirely different things.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 40

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? As you can deduce from Amazon’s example, there is no standard for an optimal warehouse layout.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

Ship Monk

APRIL 30, 2024

That inventory data needs to be fully transparent, super accessible within the platform, and easy to digest. If you (as a business manager/owner) have to go on an in-depth hunt for inventory data, you’re using the wrong ecommerce software. Detailed Data and Reporting How much inventory do you need to order at a time?

Supply Chain Design Software 87

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 87

Ship Monk

OCTOBER 17, 2023

Challenge #1: With So Many SKUs, It’s Difficult to Predict How Much You Need Now and When it’s the Right Time to Reorder Solution #1: Utilize the Best 3PL Software to Analyze Data in Advance and Access Real-Time Reporting Tools to Anticipate Resupply Accurately forecasting your inventory needs for peak season is a daunting task.

Inventory Reduction 64

Inventory Reduction Inventory Optimization Software Supply Chain Planning Software 64

CH Robinson Logistics

MAY 11, 2021

Robinson releases our 2020 Sustainability Report, which provides critical data and increased transparency about our sustainability performance. As a technology company in the transportation logistics industry, we believe the power of data and innovation can solve the industry’s most complex sustainability issues.

Material Savings 63

Material Savings Supply Chain Software Logistics Network Optimization Software Replenishment 63

Ship Monk

JULY 27, 2022

Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! Put simply, demand forecasting uses a variety of data to foresee customer demand and inform major business decisions, from launching new products to finding the perfect 3PL partner. What is Demand Forecasting?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Material Handling and Logistics

AUGUST 31, 2018

The solutions to supply chain problems boil down to the right combination of three factors—technology, data and processes. Fundamentally, the solutions to supply chain woes boil down to the right combination of three factors—technology, data and processes. Data is a critical business asset. Trouble finding skilled labor”.

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 60

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. For example: With such different demand patterns, it doesn’t make sense to treat every product the same.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

Logistics Bureau

JULY 10, 2018

While the development of a wholly demand driven supply chain (DDSC) might not be for every enterprise, there is no doubt that many can benefit from such as strategy. “In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” ” – Mark Zuckerberg.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Design Software Inventory Reduction Supply Chain Software 48

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

Supply Chain Planning Software 147

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Scenario Planning 147

ShipLilly

OCTOBER 26, 2020

The problem with that strategy is that you are essentially keeping your cash flow in stock that isn’t moving. Minimum stock levels are a function of sales data and the time frames that are typically required to acquire additional stock. Moreover, there may not be enough space to store items that aren’t being bought.

Inventory Reduction 96

Inventory Reduction Inventory Tips Supply Chain Planning Software 96

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

The adoption of digital strategies is a major feature of new strategies that manufacturers are planning. Running a warehouse as a silo, for example using a spreadsheet, will not help sales when a customer asks for a quote, or the shop floor if they need to know what materials are available for a production run.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

Stord

FEBRUARY 2, 2022

First, they have to understand what that volume actually is, which requires dynamic inventory management systems integrated with their orders , and then align it to their strategies for the year. Data and data-related technologies are primed to make a large impact. supply chain issues, etc.) supply chain issues, etc.)

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 78

GlobalTranz

JANUARY 26, 2018

Systems do not respond well to poor data, and postponing the booking of variances is like intentionally feeding your WMS bad data. For example, when a forward pick location has less physical than systemic inventory, the WMS may not trigger a replenishment that is required to fulfill orders, resulting in shorted picks.

Inventory Reduction 80

Inventory Reduction Inventory Price Reduction Cost Reduction 80

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. AI was once only seen in science fiction.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Logistics Viewpoints

APRIL 7, 2022

As an example, a major retailer whose market presence is in the Americas realized that several of their shipments that originate in China pass through Russia to make their way to the west and are now subject to shipment backlogs. Some may have believed themselves to be immune at one point, but now their perspective is shifting.

Supply Chain Design Software 144

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 144

Blue Grace Logistics

MAY 1, 2019

For example, the shortage of raw material at the factory will affect production. If warehouses are not replenished on time, distribution will be derailed. When organizations use this strategy to design their supply chain they inevitably improve their inventory management.

Inventory Reduction 48

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 48

GlobalTranz

DECEMBER 1, 2017

It does increase space, but it could lead to severe aisle congestion and unexpected delays during the putaway and replenishment process. Furthermore, use data from your existing WMS to compare the opportunities and risks from making such changes. Implement Waveless Picking Strategies. Reduce Travel Time.

Cost Reduction 60

Cost Reduction Waste Reduction Distribution Inventory Reduction 60

Logistics Bureau

SEPTEMBER 28, 2020

The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. The best example of a 4PL model is Amazon.com. 4) Industry. Amazon: A Hard 4PL Act to Follow.

4PL 116

4PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software 116

The Logistics Academy

JUNE 29, 2017

Every day, more data than we can imagine zings across that global conduit we call the Internet. Much of that data comes directly from devices, without human intervention. Drivers carry cell phones in their cars to feed GPS locations to a traffic information and navigation service, which uses the data to detect congestion.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 40

GlobalTranz

NOVEMBER 3, 2015

We first did an overview of the 10 areas of strategy a shipper must know in order to stay competitive. Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. The essence of strategy is choosing what not to do. ” ― Michael E. Automated Data Collection.

Inventory Reduction 112

Inventory Reduction Vendor Strategies Cost Reduction Waste Reduction 112

GlobalTranz

NOVEMBER 4, 2016

For example, a warehouse management system (WMS) is crucial to a modern distribution center management. This is just a crude example, but logistical questions like these will determine things like your pick path and the way items move through your warehouse. You can also manually gather data if required.

Distribution 101

Distribution Modeling Software Tips Supply Chain Software 101

Ship Monk

NOVEMBER 21, 2022

Others take an educated guess and hope for the best, which isn’t a strong strategy either. To calculate the optimum reorder point for a particular SKU you’ll first need to know the lead time required to replenish the inventory, the expected demand during this lead-time period, and how much safety stock you have on hand. Improving Data.

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

Stord

APRIL 11, 2022

Source: Federal Reserve Economic Data ) The reason for the lack of inventory is complex. For example, while consumer goods production recovered from international closures last summer, those goods would not reach the U.S. Near the start of the pandemic, the inventory-to-sales ratio in the U.S. plummeted—first down to 1.21

Inventory Reduction 78

Inventory Reduction Inventory Manufacturing Procurement Purchasing Skills 78