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

Automotive Logistics

FEBRUARY 8, 2019

For Gilder that means CHEP has to change to meet the needs of its customers. Transformation strategy. To do that CHEP launched its ‘Be a Transformer’ strategy in June 2018 and Gilder says the company has made significant progress. “As The strategy has already had tangible results. ” Dangerous goods. “We

Cost Reduction 28

Cost Reduction Waste Reduction Expense Reduction Inventory Reduction 28

Logistics Bureau

JANUARY 7, 2020

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. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 122

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

EazyStock

APRIL 18, 2023

While they did show signs of reducing, a recent surge has seen levels remain high. When demand fluctuates, and costs rise, it can be tempting to throw out long-term strategies to react to these changes. More expensive borrowing. Supply chain infrastructure investment reduces. In 2022, inflation rates peaked at 9.1%

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

Logistics Bureau

JANUARY 9, 2019

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. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 118

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

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 supply chain design solution, for example, continues to grow in depth and usability. Coupa meets this definition. The use cases just keep expanding.

Supply Chain Design Software 121

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

Conger

JANUARY 17, 2023

5S Warehouse Examples 5S Warehouse Training: How to Get Your Team Ready How to 5S a Warehouse Warehouse 5S Checklist Warehouse 5S FAQs Warehouse 5S Quiz What Is 5S? Warehouse 5S is a lean management strategy that helps warehouses accomplish a basic objective: making problems visible. This reduces the time needed to search for things.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

SYSPRO Smarter ERP

JUNE 21, 2022

There are many causes, for example, container ships from Asia are now too large to traverse the Panama Canal (20 years ago they were not), so they offload on the West Coast of the United States and are compelled to truck all goods to the East Coast. The analysis is mostly on point; however, the blame does not lie with Lean.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 105

GoShip Blog

JANUARY 26, 2021

In today’s customer-centric world, it is critical to meet and even exceed your customer expectations as a small business. Thus, businesses should develop a flexible shipping strategy that will provide enough visibility to enhance the ultimate leg of the supply chain – last-mile delivery. How to improve your last-mile delivery?

Inventory Reduction 72

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

GlobalTranz

JULY 28, 2021

An optimized supply chain is one that is as efficient as possible; it is more likely to reduce costs, increase customer satisfaction rates, and add value for stakeholders. Using an offshore vendor to manufacture a component for a larger automotive assembly is a typical example. Defining Transportation Optimization.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

EazyStock

OCTOBER 20, 2020

Inventory control is a key function of supply chain management that maintains appropriate quantities of stock to meet customer demand. It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. ABC analysis, will help with this. What is stock optimization?

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Bringg

MARCH 24, 2021

To meet the new demand, companies will have to adjust their operations for greater efficiency, flexibility, and cost reduction. A good example of such a strategic decision could be choosing a warehouse’s location. That being said, it’s also as important to consider competitors’ strategies to respond to demand. .

Optimal Sourcing 62

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

EazyStock

JANUARY 6, 2023

As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies. As costs increase with inflation at its highest in over 40 years, now is the time to review your current situation to understand where you can improve efficiency or reduce costs.

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

As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies. As costs increase with inflation at its highest in over 40 years, now is the time to review your current situation to understand where you can improve efficiency or reduce costs.

Supply Chain Planning Software 52

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

UL EHS- Sustainability

OCTOBER 31, 2019

A training needs analysis (TNA) will identify where employee training can make a meaningful contribution towards improving performance. The analysis can also reveal other variables that cause employees not to perform at the optimum levels– organizational culture, personal problems, job satisfaction or financial compensation.

Buyer Training 40

Buyer Training Optimal Sourcing Expense Reduction Cost Reduction 40

Trinity Logistics

AUGUST 4, 2020

By better managing, using, and analyzing your data, an organization can reduce costs, improve margins, generate revenue, and make smarter business decisions. Each partner can better plan for their part, having the potential to reduce expensive production costs, limit excessive accessorial charges, and improve customer service.

Supply Chain Planning Software 65

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chains 65

GlobalTranz

JANUARY 17, 2017

The use of predictive analytics has the potential to dramatically reduce expenses in the manufacturing sector, particularly with respect to proactive machine maintenance. This reduces overhead while reducing costs and issues experienced by the consumers. Predictive Analytics Became Commonplace to Manufacturing.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

World Food Programme Logistics

MAY 9, 2019

In fact, the contrary would make more sense, according to WFP’s Fill the Nutrient Gap analysis. tend to be more expensive than low-nutrient staples like rice, this translates into price. tend to be more expensive than low-nutrient staples like rice, this translates into price. And since nutritious foods?—?fresh

Meeting 40

Meeting Expense Reduction Sourcing Strategies Price Reduction 40

Conger

JANUARY 27, 2023

You’ll also learn practical strategies for overcoming each. Reducing Equipment Damage 10. Retain your current employees by reducing employee turnover. For example, you can automate many material handling tasks if you have trouble finding forklift operators. Let employees work in shifts, flexible to meet their needs.

Manufacturing Procurement 52

Manufacturing Procurement Modeling Software Buyer Training Optimal Sourcing 52

Logistics Viewpoints

MARCH 6, 2023

Overhead refers to the ongoing business expenses not directly attributed to creating a product or service. For example, while GEON has over 2000 customers, initially they are manually building forecasts for 600 customers and 1200 ship-to locations. An analogy to peanut butter is often used. This will be done in a step-by-step manner.

Supply Chain Planning Software 141

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 141

Ship Monk

MAY 23, 2023

emails Expensive shipping Lengthy shipping windows Customs and tariffs on orders What is the solution to all these shared issues? You also have to consider reorder points and supply chain timeframes, for example how long it takes to restock from a manufacturer. Strategically located fulfillment centers.

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Cost Reduction 52

GlobalTranz

JULY 22, 2016

Home Depot is revamping their distribution center strategy to include a host of regional centers, and logistics providers stand to reap significant profits from increased collaboration in the marketplace. As a result, companies are doubling down on their efforts to meet the surge in demand and across global omni-channel sales.

Logistics Network Optimization Software 60

Logistics Network Optimization Software Modeling Software Optimization Software Supply Chain Software 60

EazyStock

FEBRUARY 7, 2020

While both are positive strategic moves, operationally, they can lead to a wealth of internal inventory management problems: Difficulties managing a wide range of SKUs efficiently – spreadsheets won’t cut it! For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Freightos

APRIL 27, 2023

Real world, meet data. Legibility, followed by analysis and the ability to take action can literally change industries. On the other hand, too much data, without insights or context, has people chasing spreadsheets at the expense of managing shipments, convinced that looking at dashboards is productive work.

Data 62

Data Freight Optimal Sourcing Supply Chain Software 62

WorkWave

MARCH 4, 2020

More Comprehensive Competitive Analysis. Analyzing the social media activity of competitors allows businesses to adjust strategies and monitor brand perception in real-time. This is an extremely useful source of data, and furthermore can be implemented by current technology to create repeat sales strategies. Cost-Effective.

Sourcing Strategies 52

Sourcing Strategies Cost Reduction Expense Reduction Resource Reduction 52

EazyStock

FEBRUARY 1, 2021

trillion by 2023 , indicating a need for more robust online sales strategies. For businesses to succeed in eCommerce they must ensure they have an effective eCommerce supply chain strategy. For example: With such different demand patterns, it doesn’t make sense to treat every product the same.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

GlobalTranz

NOVEMBER 19, 2018

Are you confident that it’ll perform well and you’ll meet all the requirements of your target audience? Besides, these risks are much more serious (for example, there were about 134,000 reported cyber-attacks on businesses in 2017 , or almost 50 percent increase from 2016). The same could be said about natural disasters.

Supply Chain Design 75

Supply Chain Design Supply Chains Scenario Planning Optimal Sourcing 75

EazyStock

NOVEMBER 6, 2020

Inventory carrying costs (or inventory holding costs) refer to the overall expenses associated with holding or carrying items of inventory. Storage costs will vary dependent on your type of storage; for example if you own your own warehouse, you may have more control over your costs than if you use a Third Party Logistics (3PL) provider.

Inventory Reduction 40

Inventory Reduction Purchasing Skills Optimal Sourcing Cost Reduction 40

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. . Pressure to develop an omnichannel strategy with strong customer service levels.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

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’s not a short list, so we’ll set it down here as a summary to help you with plans for analysis.

Supply Chain Design Software 90

Supply Chain Design Software Supply Chain Design Distribution Networks 90

EazyStock

DECEMBER 17, 2019

One notable example is Amazon, who uses AI to track customers’ purchasing habits and to use that information to make recommendations for other products. AI can be used in supply chain planning to analyze huge datasets and provide an analysis of supply and demand trends for better procurement. Emphasis on Security.

Supply Chain Software 81

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

Forto

JULY 25, 2018

The right strategy can propel the smallest of competitors through better, data-based decision making in international transport to the front of industrial battle lines. It might include the analysis of this data through analytics. This reduces expenses, making cargo insurance more affordable for freight forwarders.

Supply Chain Planning Software 40

Supply Chain Planning Software Data Optimization Software Optimal Sourcing 40

Conger

JANUARY 27, 2023

Examples of automation range from a household thermostat to a large industrial control system, self-driven vehicles, and warehousing robots. They have fixed machines that enable their production of large quantities of soft same-unit drinks to meet high demands. Examples are industrial robots and multipurpose CNC machines.

Supply Chain Software 52

Supply Chain Software Examples Supply Chain Design Software Supply Chain Planning Software 52

EazyStock

FEBRUARY 26, 2020

Faced with the risk of stockouts, a damaged reputation and reduced profits, some businesses will resort to stocking high quantities of every SKU to meet demand. The first stage of inventory optimization is to set accurate demand forecasts so you only carry the products you need to meet demand.

Availability 52

Availability How To Inventory Reduction Optimization Software 52

Conger

MAY 24, 2023

Examples of manufacturers that can use automatic replenishment are electronic manufacturers, automotive, pharmaceuticals, textiles, and more. Examples of retailers that use automatic replenishment are Walmart, Dollar Tree, Target, Costco, and Tesco. For example, reordering may require permission to be activated.

Replenishment 40

Replenishment Supply Chain Planning Software Supply Chain Design Software Optimization Software 40

Logistics Bureau

MAY 31, 2021

Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. Naturally, overall cost-to-serve will be higher for online than in-store sales due to the added expense involved in picking, packing, and delivering customers’ purchases.

Cost Reduction 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

Logistics Business Magazine

AUGUST 11, 2020

The second area of inventory optimisation is focused around carrying the right inventory items to meet demand, without investing too much capital in stock. A simple form of inventory classification can be done manually using ABC analysis, but with inventory optimisation software the categorisation can be much more sophisticated.

Inventory Reduction 68

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 68