FreightWaves SONAR

FEBRUARY 16, 2021

By using strong management and analysis processes, supply chains can maximize value and stay competitive. Of course, that all depends on seeing the activities that are occurring, benchmarking current carrier operations and continuously improving. Streamline data capture and analysis. Know your operating ratio .

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

FreightWaves SONAR

JUNE 7, 2023

Even after the long series of contract rate cuts that began in July 2022, transportation managers and supply chain leaders still have a cost-reduction role to play in 2023. The best part is that most shippers are in a position to cut spend without sacrificing the high service levels they’ve finally been able to restore.

Inventory Reduction 52

Inventory Reduction Cost Reduction Optimal Sourcing Price Reduction 52

UL EHS- Sustainability

OCTOBER 31, 2019

But the most successful learning and development teams also understand how to measure the success of each training course and react accordingly. A training needs analysis (TNA) will identify where employee training can make a meaningful contribution towards improving performance. When conducting a TNA: 1.

Buyer Training 40

Buyer Training Optimal Sourcing Expense Reduction Cost Reduction 40

Ship Monk

MARCH 30, 2024

Never fear; an expert 3PL can eliminate that stress with the right software. So don’t wait, take our short 3PL platform tour now and discover how you can take advantage of more opportunities, reduce errors, make better business decisions, and save time and money! With so many moving parts, it can be easy to get lost or overwhelmed.

3PL 85

3PL Supply Chain Design Software Optimization Software Supply Chain Software 85

Conger

JANUARY 17, 2023

Warehouse 5S is a lean management strategy that helps warehouses accomplish a basic objective: making problems visible. The 5S model is named for five Japanese terms that capture its core philosophy — waste reduction and improved efficiency. Some common sorting strategies include: General cleaning of an area.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

Turvo

JUNE 12, 2020

Shrinking profit margins undermine the value of freight brokers, and in a supply chain reality of disruptions that may require potential costly pivots, how can any broker lower their expenses? Of course, these problems all lead to fewer bookings and worse profit margins, but a darker side remains. Inaccurate rating for shipments.

Cost Reduction 53

Cost Reduction Expense Reduction Resource Reduction Supply Chain Planning Software 53

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. What’s wrong with this picture?

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 122

Logistics Bureau

JANUARY 9, 2019

Of course, it is helpful to have some statistics on hand to validate the statement above. Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. Mini Case Study: Walmart.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

Bringg

MARCH 24, 2021

To meet the new demand, companies will have to adjust their operations for greater efficiency, flexibility, and cost reduction. That being said, it’s also as important to consider competitors’ strategies to respond to demand. . And without that data, it’s impossible to have effective decision making. . GlobalTranz ).

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

FreightWaves SONAR

APRIL 29, 2021

Meanwhile, national-branded consumer goods companies gained share from private labels during the pandemic and many are launching direct-to-consumer and subscription services looking to reduce their reliance on retail and reach their most loyal customers. . Using SONAR data in contract negotiations with carriers and 3PLs. .

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

MTS Logistics

DECEMBER 3, 2021

These issues include port lockdowns, container shortages, blank sailings, ships being taken out of service, an overall reduction in shipping capacity, shipping backlogs, truck-driver shortages, port bottlenecks, constant lockdowns in Asia, widespread factory closures, labor shortages and the list goes on. Current Transpacific Market Updates.

Supply Chains 74

Supply Chains Scenario Planning Price Reduction Expense Reduction 74

GlobalTranz

JULY 14, 2015

In some cases, human intervention and input will be completely eliminated. Take a look at how the IoT supply chain is changing the landscape in terms of equipment functionality, shipping processes, invoicing and payments, and analysis of trends. Automated Data Transfers. Analysis of Trends and Recommendations.

Supply Chain Software 103

Supply Chain Software Supply Chains Manufacturing Procurement Scenario Planning 103

Ship Monk

DECEMBER 15, 2023

We also hope you’re paying close attention to the data coming in because this will become your baseline for many BFCM seasons to come. Mature ecommerce businesses use every source of data they can get their hands on, from shopping platform analytics to inventory and fulfillment platforms. Did you run out of inventory?

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

Logistics Bureau

APRIL 4, 2022

The answer is to benchmark your freight, of course. At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now.

Negotiating Skills 82

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 82

GlobalTranz

MARCH 13, 2015

Have Easy to Analyze Actionable Insight Gleaned from the Data Created in the Transportation Management System. There are, of course, tactical metrics for accounting functions like viewing open and paid invoices or the ability to identify when shipments are due, but also must include strategic metrics and reports for more in-depth analysis.

Logistics Network Optimization Software 95

Logistics Network Optimization Software Transportation Cost Reduction Price Reduction 95

Logistics Bureau

OCTOBER 9, 2023

Quality and Detail of Data and its Analysis In some of our earlier posts, we’ve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It would be folly not to take advantage of data availability and accessibility.

Supply Chain Design Software 90

Supply Chain Design Software Supply Chain Design Distribution Networks 90

Logistics Viewpoints

JANUARY 31, 2022

Let’s put a major multinational – Saint-Gobain – under the microscope to illustrate how this kind of analysis. A press release from October of 2021 stated that solutions sold by the Group over the course of one year result in the avoidance of around 1,300 million tons of CO2 emissions over those product’s lifespan.

Material Savings 124

Material Savings Cost Reduction Price Reduction Expense Reduction 124

EazyStock

DECEMBER 17, 2019

Machine learning takes AI one step further and allows the computer to improve its algorithms based on further collected data for better results. AI can be used in supply chain planning to analyze huge datasets and provide an analysis of supply and demand trends for better procurement. Enterprise corporations have already leapt on AI.

Supply Chain Software 81

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 81

Supply Chain Brain

MAY 7, 2018

of course, has the potential to affect multiple stages and functions of the supply chain. It’s that latter quality that applies to data-heavy disciplines such as pricing. The analysis ripples through the many stages of a supply chain, each of which can have a major impact on the final price of a product. On one hand, A.I.

Price Reduction 40

Price Reduction Supply Chain Planning Software Modeling Software Supply Chain Software 40

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

FLS Transport

JANUARY 4, 2021

And while retailers were able to modestly re-stock going into peak, data now shows that they lack adequate inventory. One data point shows inventories declined 9% year-over-year while sales increased 9%. Moving freight in, out, and around California will be expensive in 2021. Inventory replenishment will continue well into 2021.

Freight 52

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

247 Customs Broker

JANUARY 4, 2019

At grocery delivery service Instacart, a data science team reviews historical data to most efficiently route its shoppers through stores. Such training and technology require both time and money, which can cut into grocers’ bottom line. And, of course, they lack drivers who need to be paid. Maintain the Chain.

Logistics Network Optimization Software 28

Logistics Network Optimization Software Supply Chain Planning Software Expense Reduction Inventory Reduction 28

FreightWaves SONAR

DECEMBER 30, 2020

Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. This remains key to the overall success of investments within supply chain analysis. Think about it. Download the White Paper.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

Ship Monk

FEBRUARY 9, 2024

The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. All of them rely on data, whether you’re using historical data or new findings gathered from consumer research.

eCommerce 86

eCommerce Inventory Reduction Operations Modeling Software 86

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

247 Customs Broker

APRIL 6, 2018

The trick, of course, is how to make S&OP more effective, and thus more beneficial to managers in the trenches. They also need to consider how to provide insights to S&OP teams about issues like inventory policies, or item/SKU stocking strategies that, when incorporated into plans, set the stage for success.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Software 28

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

Logistics Bureau

NOVEMBER 14, 2018

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. Your sales price minus your production cost is your overall profit or margin; at least, before allowing for further expenses.

Purchasing Skills 88

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 88

FLS Transport

AUGUST 20, 2020

Here’s the hard data and 3 market indicators that are driving this prediction: 1. Source: DATA Trendlines. Business reopenings, increased unemployment benefits, stimulus packages and reduced unemployment rates are each helping to get the economy back up and running… and it’s being reflected in consumer spending reports.

Manufacturing Procurement 52

Manufacturing Procurement Capacity After-sales Optimal Sourcing 52

Logistics Bureau

MARCH 14, 2018

Less passenger traffic and reduced congestion means flexibility for TNT in scheduling onward transport, whether by air or road. Now There are Data Warehouses Too. While data warehouses are often considered brainchildren of the IT department, they and their physical counterparts are moving closer together.

Supply Chain Software 64

Supply Chain Software Warehousing Automation Supply Chain Design Software 64

Supply Chain Brain

APRIL 4, 2018

Specifically, they are inferring pose for articulated motion analysis in crowded scenarios. percent, if Amazon can eliminate most of that theft, they will have increased net profits by about 50 percent — and that is before considering any other impacts of this technology on profitability. Potential Impact on Loss Prevention and Shrink.

Analysis 40

Analysis Modeling Software Supply Chain Design Software Supply Chain Planning Software 40

FreightWaves SONAR

DECEMBER 17, 2020

Predictive analytics are among the most iconic ways freight managers can derive more value and streamline logistics through freight data. But predictive data analytics are only as valuable as the quality, integrity and actionability of data. That’s where the real benefit of predictive data analytics comes into play.

Supply Chain Software 52

Supply Chain Software Supply Chains Waste Reduction Expense Reduction 52

Ship Monk

NOVEMBER 1, 2022

Of course it would, and that’s why ShipMonk exists. ShipMonk’s Virtual Carrier Network (VCN) is an advanced transportation management strategy that guarantees orders are delivered on-time at the best possible rate. Leverage ShipMonk’s Buying Power to Reduce Shipping Costs. Predictable Spend and Performance Analysis.

Networks 52

Networks Negotiating Skills Inventory Reduction Cost Reduction 52

247 Customs Broker

MARCH 7, 2018

Machine learning can help companies make sense of all the data that can be harvested and provide recommendations on how to respond to likely disruptions or opportunities,” says Vernon. The goal is to take all this data and be instructive with it, which is where machine learning comes in. Dynamic Routing.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Sourcing Strategies Logistics Network Optimization Software 28

WorkWave

JANUARY 15, 2021

In turn, this will maximize your chances of booking work quickly and easily, and of course, your profits. After the deduction of business expenses, your annual profit would be around $50,000. Of course, if you want to keep things simple and one type of service is enough for you, then stick to it. Analyze the Market.

How To 52

How To Price Reduction Expense Reduction Optimization Software 52

WorkWave

SEPTEMBER 2, 2021

You have to consider various strategies, challenges, and market factors to ensure the best results. Use CRM software to help you gain insight into such data and to help you improve your business performance. A business card makes it easy to organize business expenses into a single location or platform.

Logistics Network Optimization Software 52

Logistics Network Optimization Software How To Optimization Software Procurement Solutions 52

Conger

JULY 28, 2022

Of course, the more of these items that are sold, the greater the need for cold storage. This is largely because of the expensive nature of building and running them, which involves complex design and engineering plus compliance with many regulations. How Do Cold Storage Warehouses Work? Public Cold Storage.

Temperature 59

Temperature Refrigeration Food and Agriculture Expense Reduction 59