EazyStock

MARCH 9, 2021

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.

Analysis 83

Analysis Inventory Optimization Software Procurement Solutions 83

Freightos

APRIL 27, 2023

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Data 62

Data Freight Optimal Sourcing Supply Chain Software 62

LandLink

APRIL 8, 2020

Data is the new precious metal and it is becoming more essential than ever before. Technological leaps like blockchain, artificial intelligence and machine learning run on data. Careful and Regular Data Collection is Critical Data management is not a “set it and forget it” activity.

Supply Chain Planning Software 107

Supply Chain Planning Software Supply Chain Software Optimization Software Logistics Network Optimization Software 107

Freightos

DECEMBER 20, 2022

Well, an analysis of US import container volumes 1 as a share of consumer spending 2 in 2021 and 2022 to date implies that every $1,000 in ocean freight costs per forty-foot container accounts for 0.09% of personal consumption expenditures each year. 1 Import volumes based on Descartes Datamyne data.

Purchasing Skills 62

Purchasing Skills Analysis Cost Reduction Freight 62

FreightWaves SONAR

MARCH 9, 2021

Data for data’s sake lacks value, especially in the view of the supply chain. And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences. For instance, take the value added by more accurate data in the health industry.

Data 98

Data Reliability Supply Chain Planning Software Trucking 98

MTS Logistics

MAY 27, 2022

We experience such diverse supply chain disruptions that tracking the data on U.S. For example, recently Target was forced to write down the value of excess inventory that’s stuck in warehouses. The post Global Logistics Market Analysis: 2022 Summer Edition appeared first on More Than Shipping. Furthermore, T.J.

Global logistics 85

Global logistics Analysis Negotiate Pricing Negotiating Skills 85

Logistics Business Magazine

MARCH 15, 2023

. “Air freight forwarders should use this period to ensure that they can provide the airlines with the additional data required,” advises DAKOSY authorized officer Dirk Gladiator. In any case, the participating service providers must deliver more comprehensive data that meets a very high standard.

Data 58

Data Freight Freight forwarding Reliability 58

Trinity Logistics

JANUARY 19, 2024

Generative AI is first trained on a foundational model and then fine-tuned with human feedback and additional data. Its responses are based on data it has consumed and a resultant powerful prediction mechanism. That is one example of a public version of Generative AI. Now, none of these are really new technologies.

Supply Chain Software 114

Supply Chain Software Logistics Network Optimization Software Modeling Software Supply Chains 114

Shipchain

MARCH 10, 2020

But dedicated managers have found a solution to help improve this part of delivery: data. Data is generated in all parts of last-mile delivery, and analysis of this information can help companies become proactive rather than reactive with their delivery methods. Benefits of Data for Last-Mile Delivery.

Data 62

Data Optimization Software Modeling Software Logistics Network Optimization Software 62

Logistics at MPEPS at UPV

APRIL 26, 2022

The exponential impact of e-commerce on traditional, brick-and-mortar retailers, is one good example of how the data-driven revolution is sweeping many sectors of the economy and business operations nowadays. Two major challenges might be limiting big data to fully impacting the supply chain. UPS success case.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 52

Trinity Logistics

AUGUST 4, 2020

Chemical manufacturers collect and use a lot of data in their supply chain. They deal with data on their products, customers, transportation, storage, operations and more. Acquiring that data is not hard but managing and utilizing that information to be able to analyze your business is the challenge. Lane Analysis Reports.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chains 64

MTS Logistics

APRIL 15, 2022

Despite all these issues, cargo handled has rose a whopping 22% in the period of December 2021/January 2022/February 2022 compared to the December 2020/January 2021/February 2021 period according to data from the Port of Houston. The post Analysis: Should You Redirect Your Cargo and If So, Where?

Analysis 84

Analysis Cargo Expense Reduction Supply Chains 84

FreightWaves SONAR

SEPTEMBER 29, 2023

The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. For those that make the right applications of freight data, the massive problems created by the pandemic could have been more easily mitigated.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

Logistics Viewpoints

APRIL 4, 2024

Data Normalization & Removing Bias Data normalization in the context of forecasting is the process of going from actualized sales, which may be biased by various factors such as weather or inventory availability, to an understanding of baseline demand that is stripped of the impacts of these demand drivers.

Scenario Planning 137

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 137

Turvo

JANUARY 26, 2021

That’s where supply chain data analytics comes into play. What Are Supply Chain Data Analytics and Why Are Supply Chain Leaders Looking to Them. Advanced data recordings and analytics help many leading companies improve their supply chain management teams’ smooth and effective operations.

Supply Chain Design Software 73

Supply Chain Design Software Supply Chain Software Optimization Software Supply Chain Design 73

GlobalTranz

JANUARY 16, 2017

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Data Analysis Grew Exponentially, Providing More End-to-End Visibility and Continuous Improvement. Data analysis is the companion of cloud-computing technologies.

Supply Chain Design Software 59

Supply Chain Design Software Supply Chain Software Supply Chain Design Analysis 59

EazyStock

JUNE 18, 2019

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 analysis (otherwise known as ABC classification ). 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.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

FreightWaves SONAR

MARCH 25, 2022

Once users upload their lane-level data for analysis, they can quickly click over to the SONAR “Network View” to see the average benchmark rate and fuel for each origin market. FreightWaves is also adding the Global Supply Chain Pressure Index (GSCPI) to the list of available data in its SONAR platform.

Data 52

Data Supply Chain Software Supply Chains Tools 52

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

GlobalTranz

JULY 17, 2015

This article will focus on the proliferation of manufacturing data available in the industry, and how this data can improve business decisions. The Rise Of Manufacturing Data Analysis. This process is referred to as ‘data cleansing.’ For example, choosing which suppliers are the best , most valuable partners.

Data 101

Data Industry Logistics Network Optimization Software Analysis 101

EazyStock

JUNE 18, 2019

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 analysis (otherwise known as ABC classification ). 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.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

GlobalTranz

NOVEMBER 19, 2015

6 Benefits of Applying Useable Data in Logistics For Continuous Improvement. In this post we will talk about how you can improve your transportation management program by focusing on using data, extracted from the use of technology, such as a transportation management system, that then people can use to continuously improve.

Data 77

Data Sourcing Strategies Optimal Sourcing Transportation 77

Talking Logistics

APRIL 17, 2018

Again and again, digitization and data were at the heart of panel and networking conversations. Even headline speakers were professing “data got sexy” and data is now a core strategy for companies looking to succeed. Supply chain leaders are wanting their organizations to be data-driven.

Supply Chain Design Software 68

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 68

Logistics Viewpoints

APRIL 10, 2024

For example, a robust supply chain may have backup power generators, firewalls, security systems, and emergency plans to prevent or mitigate the effects of disruptions. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 150

Logistics Viewpoints

JUNE 8, 2022

I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. For example, in a recent CNBC interview Ben Bernanke noted that the Federal Reserve likely looked at the unemployment rate and total employment in early 2021 and inferred that there was plenty of slack in the labor market. Final Word.

Scenario Planning 130

Scenario Planning Analysis Events Purchasing Skills 130

SYSPRO Smarter ERP

JUNE 9, 2022

Manufacturers rely on data and their ERP platform to answer critical questions: What are our inventory levels? Here’s an example. After all, data is the foundation of digital transformation, and according to McKinsey the pandemic caused companies to accelerate their digital transformation plans by three to four years.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Software 98

FreightWaves SONAR

JULY 24, 2023

For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. Measuring performance with transportation KPIs and freight data is getting easier. Transportation management depends on historical and real-time data. Think about this.

Cost Reduction 106

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 106

CH Robinson Logistics

JANUARY 23, 2020

One of the most frequent comments I get from customers is: “We have so much data but we don’t know what to do with it.” I’ve had the chance to spend time with our data scientists, innovation teams, and logistics experts to see first-hand how they are designing solutions that anticipate and address our customers’ supply chain challenges.

Supply Chain Design Software 62

Supply Chain Design Software Data Supply Chain Design Supply Chain Software 62

Ship Monk

APRIL 5, 2024

The process involves collecting quantitative and qualitative data concerning vendor-provided goods and services, and analyzing this data for opportunities to improve (or reasons to end) the relationship. Adding an SRM layer simply forces you to analyze this data once in a while, and use the information to improve your business.

Negotiate Pricing 82

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 82

GlobalTranz

NOVEMBER 12, 2015

Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement. Order Processing Capabilities.

Data 91

Data Vendor Strategies Logistics Network Optimization Software Expense Reduction 91

GlobalTranz

JUNE 11, 2015

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Examples Case Study 94

Talking Logistics

APRIL 17, 2019

How are these advancements improving the way data is shared in ocean transportation? Andrew explains that, “Due to regulatory changes, every truck has to have an [ELD] device for tracking data. This data is collected via APIs, eliminating the need for EDI transactions. Timely data is an important factor enabling them to do that.

Data 61

Data Supply Chain Design Software Supply Chain Software Cost Reduction 61

Logistics Business Magazine

FEBRUARY 21, 2024

As well as code-reading duties in fast-moving production and logistics, is therefore ideal for reading direct marks on electronics or automotive components, for example. It also reliably reads slowly-degrading codes, for example on totes in hard-working materials handling environments.

Optimization Software 59

Optimization Software Logistics Network Optimization Software RFID Packing 59

SYSPRO Smarter ERP

SEPTEMBER 6, 2022

A practical way that manufacturers can do so is firstly through using data in more comprehensive ways and secondly by embracing digitization to optimize their operations for the future. Optimizing the use of data for manufacturers. Obstacles on the data journey for manufacturers.

Manufacturing Procurement 111

Manufacturing Procurement Factories Optimal Sourcing Supply Chain Software 111

Logistics Viewpoints

APRIL 3, 2023

Aera is using data crawlers to crawl across billions of rows of transactional data on a monthly basis. This is combined with data from external sources on weather, logistics lead times, and sustainability performance. Allocation is a good example of this. These crawlers never stop working.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 150

WorkWave

MARCH 26, 2024

Advanced route planning software utilizes real-time data, predictive analytics and machine learning algorithms to create efficient delivery schedules tailored to each driver’s route. FreshPath Logistics FreshPath’s routing software provides a data-rich experience, enabling them to track deliveries with precision.

Optimization Software 105

Optimization Software Optimization Logistics Network Optimization Software Cost Reduction 105

Logistics Viewpoints

DECEMBER 12, 2023

A WES autonomously gathers real-time signals from across the warehouse, then applies artificial intelligence (AI), machine learning (ML), and data science to create plans and solve problems. Today’s warehouse environment is too complex and fast-moving to manage effectively via human cognition, as well as manual planning and analysis.

Supply Chain Planning Software 167

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 167