Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. In procurement, cost analysis is not just about the price of your company’s purchases. 7 Procurement KPIs You Should be Using. Supplier Defect Rate.

Procurement Analytics 118

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 118

Logistics Bureau

NOVEMBER 6, 2023

For example, could some areas of your warehouse be adapted via racking optimisation to store higher inventory volumes? For example, you could reduce human labour by deploying robotic equipment or other forms of direct automation. LMS applications can help with real-time workforce tracking, performance analysis, and scheduling.

Cost Reduction 108

Cost Reduction Purchasing Skills Waste Reduction Material Savings 108

SYSPRO Smarter ERP

MARCH 28, 2024

You don’t want data that could create analysis paralysis. Optimizing warehouse layout for better picking and storage efficiency. The post Data-driven decision making in manufacturing appeared first on SYSPRO Blog. The work to get this has to be collaborative. The volume and quality of data is important.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 52

EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Read our blog on demand forecasting accuracy for more details. ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

SYSPRO Smarter ERP

SEPTEMBER 6, 2022

A simple example of this would entail considering inventory and stock on hand (internal data) along with changes in weather patterns due to climate change (external data), and how both factors affect a factory’s ability to deliver on its orders. For the past several decades, ERP systems have been monolithic applications, but that is changing.

Manufacturing Procurement 111

Manufacturing Procurement Factories Optimal Sourcing Supply Chain Software 111

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

EazyStock

FEBRUARY 7, 2020

In this three-part blog series we’re looking at each of these inventory management problems. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. Read about other inventory management problems and their solutions in this three-part blog series: Challenge no.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

JUNE 24, 2020

In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning. For example, highlighting unusual dips in demand or longer than expected lead times.

Inventory Reduction 98

Inventory Reduction Procurement Solutions Inventory Supply Chain Planning Software 98

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. Using algorithms, AI can provide better quality data and analysis to give a complete overview of your warehouse and supply chain. AI was once only seen in science fiction. Machine learning in warehouses.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Blue Grace Logistics

JULY 22, 2021

What this blog is about: Freight transportation’s positioning in the market. For example, mobile apps and data distribution can enable truck-sharing and smart automation platforms to help organize trans-shipment processes for carbon-neutral distribution services. Want A Free Supply Chain Analysis? Cross Distribution Analysis.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Waste Reduction Material Savings 62

Blue Grace Logistics

JULY 22, 2021

What this blog is about: Freight transportation’s positioning in the market. For example, mobile apps and data distribution can enable truck-sharing and smart automation platforms to help organize trans-shipment processes for carbon-neutral distribution services. Want A Free Supply Chain Analysis? Cross Distribution Analysis.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Waste Reduction Material Savings 62

Ship Monk

OCTOBER 21, 2020

If you’re not picking up what we’re putting down, that means that it’s in your best interest to snag these top spots. For example, if your jewelry is fruit-themed, you can try ranking for “strawberry necklace” instead of just “necklace.” How about subscribing to our blog newsletter ? So how do you get there?

Optimization Software 98

Optimization Software Digital Optimization Blog 98

GoShip Blog

JULY 11, 2022

Examples include: Warehouse management systems (WMS): These are software solutions that help businesses control and optimize their daily warehouse operations. They assist in streamlining warehouse operations, from receiving and tracking inventory to picking, packaging, shipping, and processing returns.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Inventory Reduction Cost Reduction 52

GlobalTranz

NOVEMBER 12, 2015

Overused and misunderstood in blog posts and informative articles, “big data” describes the use of data to improve your operation, which includes shipping, warehousing, and supply chain processes. Are pallets and shipments picked on time and without errors? Shipping processes revolve around a million-trucks-worth of data.

Data 91

Data Vendor Strategies Logistics Network Optimization Software Expense Reduction 91

Logistics Bureau

OCTOBER 20, 2021

“Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs. As an example of how illuminating the perfect order KPI can be, let’s look briefly at damage-free delivery as an example. x 0.96 = 0.8661.

Supply Chain Design Software 97

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 97

SYSPRO Smarter ERP

FEBRUARY 6, 2023

An ERP system that includes various tools for reporting and analysis is important in allowing people to make decisions based on data. But people can only do so much and may not pick up some critical factors. The post 6 Crucial steps to starting your digitalization Process appeared first on SYSPRO Blog.

Digital 52

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Ship Monk

JANUARY 30, 2023

Example—In the case of a lost or undeliverable package, a customer-first ecommerce merchant can step up to the plate immediately by contacting the shipping carrier to determine the cause of the problem and sharing this information with buyers so they know when to expect delivery or reshipment. doesn’t matter.

eCommerce 52

eCommerce Supply Chain Planning Software Inventory Reduction Supply Chain Software 52

EazyStock

JULY 13, 2020

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. You can then prioritize these items over others; for example, checking demand, stock levels and reviewing lead times more frequently to help ensure availability at all times. stock availability.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

EazyStock

JANUARY 6, 2023

ABC/XYZ analysis can help identify the most valuable items to your business. For example, one tool updates your ERP system with a delivery time, which the ERP then sends to your inventory optimization software. For example, Honda has one supply chain to support the Chinese domestic market and a separate one to serve other markets.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

EazyStock

JANUARY 6, 2023

ABC/XYZ analysis can help identify the most valuable items to your business. For example, one tool updates your ERP system with a delivery time, which the ERP then sends to your inventory optimization software. For example, Honda has one supply chain to support the Chinese domestic market and a separate one to serve other markets.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

EazyStock

FEBRUARY 17, 2021

A simple way to do this is to use a basic ABC analysis model to divide inventory into: A items – typically sell well and are profitable to the business. More advanced models, (such as those used by EazyStock), can take into account demand volume and volatility, pick frequency and value of annual usage or profitability.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

Ship Monk

JULY 20, 2023

Discover the ins and outs of DIM Weight and carrier specific requirements on our ShipMonk blog. That being said, if you’d like to learn more about overnight shipping, read our overnight shipping analysis for facts about this expedited method and the different options that exist for it with major shipping carriers.

Negotiating Skills 52

Negotiating Skills Purchasing Skills eCommerce Cost Reduction 52

3PL Links

DECEMBER 2, 2022

Allows for performance analysis. Here are the aspects that characterize supply logistics: Pick vendors who provide better supply conditions, better raw material quality, and more affordable costs. Examples of Inbound Logistics Strategies. The forecasting of demand is also improved. Manage the supply flow effectively.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

SYSPRO Smarter ERP

NOVEMBER 3, 2021

They are part of the quality management process and require an analysis of the top factors that drive returns to determine where interventions are required in the process. This may lead to any number of follow-up actions, for example: Redesigning sourcing or material strategies. Warehousing KPIs.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 105

Freightera

FEBRUARY 7, 2019

Happy New Year once again, dear blog reader, this time it’s a Lunar New Year celebration! Just a few amazing examples here for you to see! Several media outlets including “Transport Topics Online” picked up Decathlon news and followed up with their own stories covering it. Off to a Good Start. Nope, not so.

Blog 20

Blog Study Picking Automation 20

EazyStock

FEBRUARY 26, 2020

In this three-part blog series we’re looking at three of the most common inventory management issues faced by stock holding companies. Read our blog on demand forecasting or download our whitepaper for more information. ABC analysis is a simple way to segment your stock based on its value to the business.

Availability 52

Availability How To Inventory Reduction Optimization Software 52

FreightWaves SONAR

FEBRUARY 5, 2021

For example, trades that are made through the Robinhood app are executed by hedge funds like Citadel. The benefit to the hedge funds is that they can pick up on trends and ensure that their money is ahead of any of those trends. This hasn’t been proven, but is widely suspected.

Trucking 98

Trucking Negotiating Skills Logistics Network Optimization Software Data 98

GoShip Blog

FEBRUARY 20, 2023

3PL or third-party logistics provides services such as inventory storage, inventory management, freight forwarding, contract management, picking and packing, and IT solutions. For example, you sell silk-printed shirts. Some great examples of 4PL providers are GoShip , ShipHero, and Shopify.

4PL 52

4PL 3PL Supply Chain Software Supply Chain Design Software 52

Carter Logistics

MARCH 12, 2019

Blog Topics. Rating a carrier for on-time performance – Pick-up and Delivery. For example: i. For example, a logistics company can benefit from using a TMS by managing shipments going across borders in multiple currencies and by being able to scale business with less labor. The accuracy of invoicing.

Supply Chain Planning Software 60

Supply Chain Planning Software Negotiating Skills Optimization Software Scenario Planning 60

EazyStock

AUGUST 21, 2020

We’ve written numerous blog posts on ways to reduce excess and obsolete inventory and lower inventory carrying costs. While these stats will vary to some degree, this is the theory behind ABC inventory analysis – a model that can be used to categorize your stock. Top five inventory reduction methods .

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

EazyStock

MARCH 4, 2021

Pick frequency. A basic form of inventory categorization is ABC analysis. With ABC analysis, you group products based on one dimension: value. But for more sophisticated inventory classification, you need to consider more variables that affect turnover rates, such as an item’s pick frequency, cost or demand. Cost to sell.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

EazyStock

MARCH 26, 2018

However, in this blog post we will explain in a little more detail why EazyStock is different from your ERP inventory management capabilities and what value it brings to your business. In Microsoft Dynamics NAV for example, you can set values for reorder points and safety stock levels. ” [1]. Target service levels.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. For example, you can be doing finance in supply chain, or you can be doing operations. You could be particularly numerate, or into analysis. Data analysis is a key component of this position.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 116

GlobalTranz

MARCH 17, 2016

percent net increase in revenue for 2016 , and as we’ve briefly mentioned past blogs , technologies such as predictive data analytics, virtual reality, smart connectivity and 3-D printing will drive this growth and reshape the global economic competition between U.S. The ISM projects a 4.1 and Chinese manufacturers. 3-D Printing.

Manufacturing Procurement 64

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EazyStock

MARCH 3, 2022

Using ABC analysis will help you categorize your stock items and assign different stocking policies to each group. A more advanced approach would be to use picks classification. As an item’s pick frequency drops off, you can reduce the need for the JIC stocking policies.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

GlobalTranz

MARCH 8, 2016

Editor's Note : At Cerasis, if you have followed our blog, you know we like to give information around best practices in regards to transportation, logistics, and supply chain management. This blog post is from Nick Rojas on how to increase your brand identity in offline events, such as trade shows. We hope you find it helpful!

Material Savings 49

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GlobalTranz

DECEMBER 1, 2015

An employee may upload a corporate presentation from his or her desktop PC to a cloud storage service, then access it from a personal iPad to show at a client site, for example. The top three technology priorities of industrial manufacturing CEOs are mobility (73%), cybersecurity (72%) and data mining and analysis (70%).

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Supply Chain Design Software Supply Chain Software Modeling Software Inventory Reduction 54