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

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.

Scenario Planning 130

Scenario Planning Analysis Events Purchasing Skills 130

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

Logistics Bureau

JULY 11, 2022

These KPIs should all be applicable to your supply chain operation, subject to some tweaking to reflect the precise characteristics of your inbound logistics and purchasing functions. This measurement will require data from the purchase orders placed by your buyers, and that from your receiving operation. ASN Accuracy.

Procurement Analytics 107

Procurement Analytics Procurement Solutions Purchasing Skills Inbound 107

Blue Grace Logistics

JULY 27, 2021

Improving predictability in outcomes is valuable, but ensuring your supply chain is nimble enough to act on the data is even more so. We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. The presence of data throughout the supply chain is vital to its evolution.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

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

Logistics Viewpoints

SEPTEMBER 4, 2023

Any shipment moving from Siloam Springs to Bentonville, Arkansas, for example, would be one lane. An RFP is a data intensive exercise. This made the data analysis easier. On the inbound side, it was highly reliant on spreadsheet data. On the inbound side, it was highly reliant on spreadsheet data.

Procurement Solutions 122

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 122

Trinity Logistics

OCTOBER 31, 2021

Transportation Management software offers you a way to view insightful data, gain visibility, and better manage all the moving parts in the shipping process. How do you gather and view data? Through a TMS, you can automate and optimize your processes, gain visibility into your logistics, and view valuable data.?. your logistics?

Optimization Software 96

Optimization Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 96

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. AI was once only seen in science fiction.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

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

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. However, the Internet of Things and big data supply chain analytics are allowing manufacturers to monitor performance in near real-time.

Procurement Analytics 61

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chains 61

MTS Logistics

APRIL 21, 2023

New Georgia Ports Authority data shows that the port handled 1,184,387 twenty-foot equivalent container units (TEUs) in the first quarter of 2023. When we compare Georgia Ports Authority data to other busy container ports in the U.S., When we compare Georgia Ports Authority data to other busy container ports in the U.S.,

Handling 72

Handling Data Purchasing Examples 72

FreightWaves SONAR

NOVEMBER 9, 2020

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large. What are the ULSDR data and FUELS indices?

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. Choose and implement demand planning software While you can do demand planning manually, managing data in multiple spreadsheets makes it harder to analyze and bring together usefully.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. While you can do demand planning manually, managing data in multiple spreadsheets makes it harder to analyze and bring together usefully. Gather internal and external data.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

SYSPRO Smarter ERP

JULY 4, 2022

When exploring what key technological investments, the industry made in response to those disruptions, only 12 percent looked at data analytics to interpret data and identify any real-time shifts across the supply chain. It is easier to access and share data and insights using a cloud ERP system.

Optimization Software 111

Optimization Software ERP Supply Chain Software Manufacturing Procurement 111

Logistics Business Magazine

AUGUST 12, 2021

They are evaluating purchasing needs and ethical choices. Omnichannel, where a consumer, for example, might buy online, collect in store and pick up another item there, then return something by mail. For example, cancellations of orders fall if long term lead time information is more detailed. Data then analysis then decisions.

Supply Chains 69

Supply Chains Purchasing Skills Sourcing Strategies Price Reduction 69

SYSPRO Smarter ERP

NOVEMBER 30, 2021

An enterprise resource planning (ERP) system can automate and provide a systematic approach to creating a forecast from historical data. It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Stay Agile, Get Ahead. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

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

Logistics Viewpoints

JANUARY 26, 2021

This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. A Positive Example. To meet customers’ growing expectations for personalized offerings, the typical company’s product lines have grown exponentially.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The cloud also allows access to Big Data, which greatly improves the platform’s ability to do machine learning. That has recently changed.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121

GoShip Blog

JANUARY 26, 2021

Data analysis to improve performance management. For example, a certain carrier could be causing delays in freight delivery, or there might be long dwell times on a particular location. Insights from your data analysis will help improve performance management and master your last-mile delivery.

Inventory Reduction 72

Inventory Reduction Supply Chain Planning Software Expense Reduction Supply Chain Software 72

Logistics Viewpoints

MARCH 8, 2021

For example, go to the Walmart, turn right, and it is the third house on the left. From a process perspective, an analysis is not enough. But most fundamentally, a company must be data driven. Decisions must be made based on a thorough quantitative analysis. Logistics can be a challenge. Rather, directions are used.

Supply Chain Design Software 152

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 152

Logistics Business Magazine

FEBRUARY 23, 2024

Red Bull’s Formula One HQ in Milton Keynes is an appropriate and impressive backdrop to learn why data is fuel in logistics. High performance in logistics can be maintained by extracting insights from data and taking practical steps. Complexity requires having a data strategy.” The quality and timeliness of data is crucial.”

Logistics Network Optimization Software 57

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 57

Logistics Viewpoints

JULY 15, 2021

billion in 2020, the cold chain market is expected to reach more than $628 billion in 2028, nearly tripling its growth in less than ten years, according to a market analysis report by Grand View Research. In the Philippines, there is another ongoing shift in food purchasing habits. Take tracking produce, for example.

Logistics Network Optimization Software 156

Logistics Network Optimization Software Supply Chain Software Procurement Solutions Tracking and Tracing 156

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. At a high level, what GEON does is purchase plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility.

Supply Chain Planning Software 140

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 140

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. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. You could be particularly numerate, or into analysis.

Supply Chain Planning Software 115

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

Logistics Bureau

OCTOBER 20, 2021

You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supply chain organisation. “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.

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

EazyStock

OCTOBER 20, 2020

This keeps the data clean and easier to use for forecasting going forward. Look out for such trends in your historical demand data and adjust your forecasts accordingly. Qualitative factors: Add any qualitative forecasting factors into your data, such as sales promotions, competitor activity or external market events.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Freightos

JULY 26, 2018

These examples are from retail, but I sense that the same customer empowerment phenomenon is happening broadly across everything we do at Amazon and most other industries as well. Amazon is at the nexus of ecommerce, data, and logistics, with a drive to constantly improve their logistics network. Team Analysis. At over 243.5

Logistics Network Optimization Software 53

Logistics Network Optimization Software Data Supply Chain Planning Software Manufacturing Procurement 53

AIMMS

NOVEMBER 2, 2020

This can result in different teams using different data formats, diverging results from data analysis, and hence poorly aligned decision making. These are many issues that arise when teams don’t have a centralized S&OP workflow and common access to data. Let’s take the example of a large fiber manufacturer.

Supply Chain Planning Software 127

Supply Chain Planning Software Purchasing Skills Cost Reduction Optimal Sourcing 127

Logistics Business Magazine

JULY 1, 2022

Over the past two years, many things have changed fundamentally in the industry, including purchasing and consumer behaviour. That is why we have conducted extensive surveys and analysis. Q: Can you give some specific examples? BB: We bring together all of a customer’s data points.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 62

Logistics Business Magazine

JUNE 13, 2022

Over the past two years, many things have changed fundamentally in the industry, including purchasing and consumer behaviour. That is why we have conducted extensive surveys and analysis. Q: Can you give some specific examples? A: We bring together all of a customer’s data points.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Modeling Software Procurement Solutions 62

SYSPRO Smarter ERP

MARCH 21, 2022

SCM solutions provide oversight of materials and products, and their associated data, as they move through the supply chain from supplier to consumer. By gaining access to the data in these processes, businesses are better able to coordinate workflows, improve efficiencies, and ensure that customers get the product they ordered.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

Logistics Viewpoints

AUGUST 14, 2023

Thomson Reuters purchased the global trade compliance vendor Integration Point in 2018. The large fines above are examples of this class of penalties. For example, the U.S. This type of analysis is standard operating procedure in the Auto industry; other industries have been too slow to adopt this advanced functionality.

Compliance 105

Compliance Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 105

Logistics Bureau

APRIL 4, 2022

At Logistics Bureau, we capture, analyse, and exploit freight benchmarking data to help us when we provide freight contract negotiation services for our clients. It will also make it easier to determine, for example, if you should opt for contract rates over spot rates or vice versa. Freight Benchmarking: How to Do it Right.

Negotiating Skills 82

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

Logistics Bureau

MAY 24, 2021

That is the level to which each SKU quantity must fall before your inventory management system either notifies you with a reminder to reorder or initiates a purchase order autonomously. Using the previous example, dividing 365 days by 10 gives you 36.5 Know Your Turnover Ratios. inventory turnover days.

Inventory Reduction 118

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 118

Material Handling and Logistics

JANUARY 22, 2019

The companies that disclosed to CDP in 2018 did so at the request of over 650 investors with assets of $87 trillion, and/or 115 major purchasing organizations with a combined spend of US$3.3 million (US$3.6 billion (US$4 million).

Material Savings 107

Material Savings Manufacturing Procurement Purchasing Skills Cost Reduction 107