Conger

DECEMBER 13, 2022

If you're looking for ways to reduce lead times, you’re in the right place. Because in this post, you’ll find 11 effective strategies for doing just that. The closer the supplier is to your warehouse or manufacturing plant or location , the easier it is to reduce lead times. Let's dive in! Table of Contents. Easier returns.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

SYSPRO Smarter ERP

NOVEMBER 1, 2021

Industries are facing the need to plan new strategies and invest more in technology to gain a stronger foothold. A B2B e-commerce strategy is therefore becoming increasingly necessary for manufacturing businesses that want to better sell their products or procure the necessary components for manufacturing them.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Inventory Reduction 111

Conger

MARCH 28, 2024

Technologies like artificial intelligence continue to enhance these capabilities to become more attractive and allow new visualizations and data collection standards. Telematics collect and transmit vehicle speed, mileage, and fuel consumption data, while GPS allows precise location tracking.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

The Logistics of Logistics

JUNE 23, 2022

Topic: Prepping for Peak: How to Level-up your CX Strategy this holiday season. Retailers and shippers must adapt their strategy to ensure they get the right product, to the right place at the right time to meet the high expectations of consumers/customers. Description: . Steve Rowen . Managing Partner @RSR Research .

Webinar 195

Webinar Supply Chain Software Supply Chains Sourcing Strategies 195

WorkWave

DECEMBER 8, 2023

Inbound logistics refers to the processes and activities involved in managing the movement, storage and handling of goods, materials and resources as they flow into a company or organization from suppliers or vendors. These metrics provide insights into a supplier’s reliability, quality and ability to meet agreed-upon service levels.

Inbound 52

Inbound Optimal Sourcing Logistics Network Optimization Software Inventory Reduction 52

FourKites

DECEMBER 23, 2020

When creating a strategy for improving the productivity of your supply chain, you should analyze your costs within the following four areas: Staff time. Inventory, raw materials and finished goods. Here’s how: 1: Maximize Labor Efficiency. 4 Supply Chain Efficiency Measures to Improve Productivity. Transportation spend.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Waste Reduction 52

Dedola Global Logistics

DECEMBER 16, 2019

How To Reduce Soft Costs in Shipping. An experienced forwarder or third-party logistics company (3PL) can help you improve your bottom line by reducing your soft costs in addition to saving you money on hard costs. . For instance, things like fuel prices, hourly wages for employees, and materials are some hard costs.

Cost Reduction 52

Cost Reduction Negotiating Skills Material Savings Resource Reduction 52

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. Is Our Warehouse Lighting Energy Efficient?

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

Logistics Viewpoints

NOVEMBER 6, 2023

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Large corporations often have thousands, sometimes tens of thousands, of direct material suppliers. The data, which is reported on the EcoVadis platform, highlights the supplier’s emissions.

Supply Chain Planning Software 134

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 134

EazyStock

JUNE 23, 2021

When finished goods are built from a set of components, a Bill of Materials (BOM) is extremely useful for inventory management purposes. A bill of materials is usually associated with production planning in manufacturing, and is typically used in manufacturing software such as materials resource planning systems (MRPs).

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Inventory Reduction Inventory 52

Logistics Viewpoints

JANUARY 17, 2023

Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products. Challenges in managing and meeting sustainability and compliance goals/requirements. How to Move Forward.

Supply Chain Software 117

Supply Chain Software Optimization Software Optimal Sourcing Logistics Network Optimization Software 117

Ship Monk

AUGUST 30, 2023

Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. So, what is the right kind of data and how do you gather it? If you’re on the low end of this scale, there’s room for improvement.

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

SYSPRO Smarter ERP

OCTOBER 9, 2023

The significant cost items are labor, materials and machinery. Modern machinery is commonly fitted with real-time sensors but these are not very useful if there is no way to view and action the data from the sensors. Therefore, companies should have a system to collect and consolidate the data for reporting and analysis.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

EazyStock

NOVEMBER 19, 2020

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Here’s quick overview of what stock replenishment is and how great stock replenishment methods can truly add value to any business. Effective stock replenishment.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

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? Book Now Let’s talk about your warehouse layout! Book your free consultation.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

Logistics Bureau

OCTOBER 10, 2022

Instead, your company’s optimal inventory performance will be such that you can meet the service levels you aspire to (or to which your customer agreements commit you) with the barest minimum negative impact on profit and working capital. How to Improve Forecast Accuracy for Optimal Inventory. But how can you do it?

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

Ship Monk

FEBRUARY 24, 2024

When you order inventory, you want to ensure you have enough stock to meet demand, especially around sales and peak season. In other words: Whatever inventory system and distribution strategy you go with, you want to order enough but not excess. That is key to keeping your budget under control and helping your bottom line shine. #3

eCommerce 88

eCommerce Inventory Reduction Tips Waste Reduction 88

GlobalTranz

JULY 12, 2016

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. With the myriad of tasks and personell, a director or manager must oversee, how on earth are they to get everything done?

Material Savings 73

Material Savings Cost Reduction Optimal Sourcing Inventory Reduction 73

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. How to use AI to optimize stock levels Within the larger context of supply chain optimization, AI proves to be a versatile tool in the quest for optimal stock levels.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Material Handling and Logistics

JUNE 7, 2018

As the pressures on supply chain teams—including those for sustainability, cost efficiency, and disruption and risk mitigation—are increasing and growing in complexity, supply chain organizations are struggling to both collect and analyze an overwhelming amount of data scattered across different processes, sources, and siloed systems.

Supply Chain Planning Software 144

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 144

WorkWave

SEPTEMBER 21, 2021

From engaging with potential clients face to face to providing a tangible example of your product, learning how to sell door to door is a great skill to hone. . One effective strategy is to paint a vivid picture of solving a problem. Additionally, some companies offer sales-enabling technology, so make use of all available resources.

Resource Reduction 40

Resource Reduction Material Savings Cost Reduction Buyer Training 40

GoShip Blog

MAY 20, 2022

It can be an outcome of insufficient promotion or the shortage of materials quality. Reorganizing your logistics strategy and cooperating with reliable carriers are a solution. Reorganizing your logistics strategy and cooperating with reliable carriers are a solution. How to increase online sales?

Material Savings 52

Material Savings Logistics Network Optimization Software Vendor Strategies Optimization Software 52

GoShip Blog

MARCH 21, 2023

Materials, machinery, and other physical goods are all delivered through freight services, whether it is in-house or through third-party logistics. Manufacturers often rely on inbound freight to transport all the materials and machinery they need to produce their products. Without them, you would not be able to meet customer demands.

Inbound 52

Inbound Optimization Software Material Savings Optimization 52

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well.

Inventory Reduction 65

Inventory Reduction Cost Reduction Waste Reduction Vendor Strategies 65

Logistics Bureau

NOVEMBER 16, 2020

The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Certified Supply Chain Professional : Learn how to develop streamlined supply chain operations. And don’t be afraid to ask their advice on how to start out in the industry. Data Managers.

Supply Chain Planning Software 115

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

SYSPRO Smarter ERP

JANUARY 12, 2022

With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges. This meets all their key performance areas. This will also reduce the risk of fraud.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

Ship Monk

JUNE 30, 2023

We’re going to show you how to identify KPIs for your business by breaking the process down into three parts. Lastly, we’ll put the two together, so you can see which KPIs you might track to meet your company’s objectives. Once you understand the method, settling on the best KPIs for your business gets a lot easier.

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

GlobalTranz

JANUARY 21, 2015

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. Complete one-on-one meetings.

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

SYSPRO Smarter ERP

NOVEMBER 8, 2021

But for that special class of disruption, the low-probability, high-impact events like natural disasters, epidemics and other upheavals, organizations don’t know how to mitigate the risk and successfully manage their supply chains, and are now trying to find their way through the minefield of issues and challenges with no clear solution.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

Logistics Business Magazine

NOVEMBER 23, 2023

The panel, comprising representatives from some of the UK’s biggest leasing, fleet management and rental companies, as well as several major end-user fleets, addressed a series of industry challenges at a meeting held at the Wakefield site of Aston Barclay, the independent remarketing group and vehicle auction house.

Material Savings 59

Material Savings Eliminating Excel in Purchasing Meeting Cost Reduction 59

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

Talking Logistics

APRIL 25, 2019

As online sales become increasingly popular, the growth of e-commerce has impacted every part of the supply chain, and material handling equipment (MHE) and fleet services are no different. For companies to meet the rising demand for direct-to-consumer orders, MHE offerings must become more innovative.

Materials Handling 61

Materials Handling Supply Chain Planning Software Modeling Software Material Savings 61

SYSPRO Smarter ERP

OCTOBER 20, 2021

Manufacturers and distributors want to dramatically increase their efficiency, productivity and accuracy through smart technologies, data analytics and connected services. Digitization: from analogue information to digital data. The first step, therefore, is to get all your information – documents and data – into a digital format.

Digital 133

Digital Factories Supply Chain Planning Software Supply Chain Software 133

EazyStock

AUGUST 29, 2023

Last month, Hurricane Idalia swept through Florida and several other states in the southeast, forcing airports, marine cargo ports, and distribution hubs to cease or reduce operations. Instead of relying on historical sales data, it considers various factors, such as market trends and real-time data.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 52

GlobalTranz

JULY 14, 2021

Transportation professionals are tasked with reducing costs while increasing customer satisfaction levels. Using a pooling strategy does not increase handling costs as it substitutes pool point costs for an LTL carrier’s terminal distribution costs. Shipping by rail compared to OTR modes can offer double-digits savings.

Optimization Modeling 62

Optimization Modeling Optimization Software Optimization Material Savings 62

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. In 2022, inflation rates peaked at 9.1%

Supply Chain Planning Software 52

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

EazyStock

AUGUST 9, 2022

When the cost of raw materials and finished goods starts to soar, it’s critical for wholesalers and distributors to control their operational costs to remain competitive and achieve decent profit margins. This is where supply chain digitalization projects can help to automate simple processes, improve efficiency and save money.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52