article thumbnail

Improving Supply Chain Visibility: The Impact of Data Strategy

3PL Links

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.

article thumbnail

Stockouts: Guide to Prevent and Manage Inventory Shortages

Cyzerg

From supply chain disruptions to inaccurate demand forecasting, we will delve into the root causes of inventory shortages and provide actionable strategies for prevention. Read on to discover the tools and strategies you need to prevent and manage inventory shortages effectively. Don't let stockouts derail your success.

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

The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

By working closely with suppliers, organizations can improve the quality and reliability of their in-bound supply chains, reduce costs, and increase their overall efficiency. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products.

article thumbnail

5 more truckload shipping strategies for enterprise shippers

FreightWaves SONAR

However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits. Request a SONAR Demo.

article thumbnail

Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

article thumbnail

Advancing Transportation Procurement: The Shift From Spreadsheets to Software

FreightWaves SONAR

Traditionally, shipping companies have relied on manual tools and processes, predominantly managing their requests for proposals (RFPs) and bids using simple spreadsheets. This not only makes the process more efficient, but also reduces the likelihood of errors and enhances productivity.

article thumbnail

Emergency alert! What to avoid in your Supply Chain Strategy?

Log-hub

The mistakes that can pull your supply chain far away from the progress are bad cost management strategy, lack of optimized business processes, neglecting data and KPI’s, poor customer service and no future planning. One of them is a bad cost management strategy. What to avoid in your Supply Chain Strategy?

article thumbnail

How to Avoid the Pitfalls of Contract Management in Telecom & High-Tech

What’s Inside: Exploring the importance of having a dedicated buy-side contracting team Leveraging tools to enhance efficiency and empower the legal and sourcing teams Establishing processes to gather and analyze contract data to spot trends

article thumbnail

S&OP Reimagined: Overcoming the New Normal with a Revamped S&OP Process

Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker

The still-persistent effects of the pandemic have made it clear that the skills and tools that characterize traditional S&OP are not enough to respond to unprecedented interruptions.