Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. We, as consumers, have grown accustomed to buying in bulk in order to pay less per unit. For suppliers and merchants, however, setting a minimum order quantity for your goods can mean the difference between losing money and making a profit on each sale.

Purchasing Skills 89

Purchasing Skills eCommerce Ordering Negotiating Skills 89

ShipLilly

FEBRUARY 12, 2021

Chinese factories are facing challenges of meeting excessive orders that are way beyond their current capacity. Take for example the increased emphasis on the purchase of household goods via e-Commerce platforms. For example, recently the SCFI rate from Shanghai to the East Coast of South America exceeded $8,000 per TEU.

Analysis 105

Analysis Manufacturing Procurement Purchasing Skills Price Reduction 105

MTS Logistics

MAY 27, 2022

Carriers report strong demand on transpacific trade as some lines now restrict contracted businesses they once committed to, in order to accommodate current spot cargo. For example, recently Target was forced to write down the value of excess inventory that’s stuck in warehouses. Furthermore, T.J.

Global logistics 85

Global logistics Analysis Negotiate Pricing Negotiating Skills 85

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Lots of activities, processes and people are involved in ordering, receiving, storing, picking and shipping items with the ultimate aim of keeping customers happy with the correct orders that are on time. Managing inventory is a complex business.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

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. By June of this year, the CPI was increasing at an annual rate of 9%, or 4.5X

Purchasing Skills 62

Purchasing Skills Analysis Cost Reduction Freight 62

EazyStock

FEBRUARY 18, 2020

What is Economic Order Quantity (EOQ)? Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Ordering costs are the costs that arise every time inventory is ordered.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

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

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

DECEMBER 12, 2023

The rise of e-commerce has led to higher volumes of smaller orders that need to be fulfilled and shipped individually. Volatile demand means warehouses need to pivot quickly when order volumes change. It matches labor, equipment, and other resources accurately with order volumes, in real time. The result?

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 168

EazyStock

FEBRUARY 18, 2020

What is Economic Order Quantity (EOQ)? Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Ordering costs are the costs that arise every time inventory is ordered.

Ordering 52

Ordering Purchasing Skills How To Inventory 52

Ship Monk

FEBRUARY 24, 2024

How much are you spending on manufacturing, shipping, marketing, customer support, logistics services, and order fulfillment services? For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client. There are many different models and formulas for strategically ordering inventory.

eCommerce 91

eCommerce Inventory Reduction Tips Waste Reduction 91

Ship Monk

FEBRUARY 9, 2024

As the holiday shopping season reaches its peak, ecommerce business owners everywhere are crossing their fingers, hoping they have enough product in stock and that they didn’t order too much. Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them.

eCommerce 87

eCommerce Inventory Reduction Operations Modeling Software 87

Ship Monk

APRIL 30, 2024

Order Management This is the most important element of ecommerce software. Every part of the fulfillment process from BUY to delivery is critical and the platform responsible for those orders needs to be able to track them at every stage while keeping you updated with complete visibility. How much do I order?

Supply Chain Design Software 63

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 63

Logistics Bureau

AUGUST 2, 2021

For example, you might use simple observation to identify visible defects at goods-in, or you could make your analysis a bit deeper by testing a percentage of items received from the supplier. Purchase Order Cycle Time. Cost per Purchase Order and Cost per Invoice. Supplier Defect Rate. How reliable are your suppliers?

Procurement Analytics 117

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 117

Blue Grace Logistics

JUNE 2, 2020

While there were a few months during the year where orders for heavy-duty trucks peaked – although not as high as the previous two years, it was all in all a slow year for the industry. . According to the report: during the year there were 179,000 orders for Class 8 trucks. How bad is the situation? What’s the impact?

Inventory Reduction 62

Inventory Reduction Ordering Trucking Cost Reduction 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 Bureau

MARCH 22, 2021

Let’s start with an uncomplicated example: Company A is in the business of distributing whiteboard markers. If they are going to understand their cost to serve, they need to know the cost of shipping, for example, the green one to a customer. Look at your order profile. How many large orders and small orders do you have?

Ordering 118

Ordering Picking Production Examples 118

Logistics Business Magazine

APRIL 15, 2024

Alongside cyber security, the automation of handling processes is a focus of CargoSuite, for example. From generating a quote and reviewing an order to billing and business intelligence analysis, the process is checked, regulated and supported by the system on an end-to-end basis,” says Dietmar Haveloh from Anaxco.

Efficiency 52

Efficiency Transportation Logistics Network Optimization Software Cost Reduction 52

ShipLilly

MARCH 3, 2021

For example, in February, the Harbor Trucking Association (HTA) presented a dispute of about $3 million worth of detention and demurrage fees for the previous year. For example, retrieving and returning containers in time allows the next customer to gain access to the equipment. There have been reports of issues in California.

Ordering 52

Ordering Supply Chain Design Software Exercises Maritime 52

Ship Monk

APRIL 5, 2024

Was it the last time you placed an order? SRM is more than a one-and-done analysis. Establish KPIs to track the quality of a vendor’s products and service, in addition to quantitative metrics such as timely deliveries, cost savings, and order accuracy. The last time you signed a contract? The last time they raised prices?

Negotiate Pricing 85

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 85

Logistics Business Magazine

MAY 8, 2020

Order picking is the central function of any logistics operation, which in turn is of great importance for the overall economic success of a business. About half of all storage costs are incurred in the order picking area, making avoidance of unnecessary additional costs due to picking errors critical. Organisation of order picking.

Picking 36

Picking Ordering Tips Industry 36

Logistics Bureau

JULY 11, 2022

Hopefully these examples will prove helpful if you are building a new supplier scoring process, overhauling your existing metrics portfolio, or just looking for some practical supplier performance measurement ideas. Quantity Ordered versus Quantity Received. The measurement is typically taken over a given time period (often monthly).

Procurement Analytics 107

Procurement Analytics Procurement Solutions Purchasing Skills Inbound 107

Logistics Viewpoints

APRIL 3, 2023

Orders can be cancelled, rush orders come in, factory machines go down, port congestion occurs, and so forth. For example, a suggestion from the system might be to transfer 96,154 units of a stock keeping unit to a distribution center in Denver to fill a projected backorder. Allocation is a good example of this.

Supply Chain Planning Software 151

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 151

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. Perfect Order. Even if you chose no other KPIs for your supply chain organisation, you’d do well to consider perfect order as an absolute essential.

Supply Chain Design Software 96

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

Logistics Business Magazine

JUNE 10, 2019

In a new white paper entitled ‘Order picking in the timber industry’, Hubtex provides an overview of the most important order-picking systems as well as outlining their advantages and disadvantages. The post White Paper: Order Picking in the Timber Industry appeared first on Logistics Business® Magazine.

White Paper 28

White Paper Picking Ordering Industry 28

WorkWave

MARCH 26, 2024

Imagine ordering a package online and eagerly awaiting its arrival, only to face delays and uncertainties in the delivery process. Customers expect their orders to arrive promptly, especially in today’s fast-paced world where instant gratification is the norm. Check out their full story here. Ben Toilet Rentals Inc.

Optimization Software 105

Optimization Software Optimization Logistics Network Optimization Software Cost Reduction 105

3PL Links

MARCH 29, 2023

Internet of Things With the help of devices like smartphones, for example, it is now feasible to operate domestic appliances and industrial machinery thanks to the internet of things, which involves the integration of the widest range of electronic goods through an internet connection.

Trends 107

Trends Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 107

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. I see no evidence that less money is being invested in product development.

Supply Chain Design Software 121

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

Logistics Viewpoints

JANUARY 4, 2023

The research process includes an analysis of large amounts of information and interviews with executives from numerous warehouse automation providers; and concludes with the publication of ARC’s research study. Adaptability has become more important due to increased variability in order volumes, product mix, and overall business.

Supply Chain Software 154

Supply Chain Software Automation Supply Chain Planning Software Purchasing Skills 154

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

SYSPRO Smarter ERP

MAY 2, 2024

We are starting to see document recognition services in AI which automate tasks such as invoicing, purchase orders and bank reconciliations. The other emerging area around AI in ERP focuses on trend analysis and forecasting. Examples of antifragile companies include Amazon, Netflix, Tesla and Alibaba.

ERP 52

ERP Supply Chain Planning Software Modeling Software Optimization Software 52

Logistics Viewpoints

MARCH 6, 2023

The products that are produced by this make-to-order process come in a variety of shapes, colors, and sizes to fit the needs of a variety of different industries. For example, while GEON has over 2000 customers, initially they are manually building forecasts for 600 customers and 1200 ship-to locations.

Supply Chain Planning Software 141

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

MTS Logistics

FEBRUARY 16, 2024

Vessels must be ordered in advance to come to service so it is tricky to time the market. Blank Sailings In order to manage the capacity overage, carriers practice the blank sailing scheme where they skip some certain port of calls or completely suspend some certain service loops.

Freight 85

Freight Cost Reduction Inventory Reduction Scenario Planning 85

Logistics Business Magazine

JULY 20, 2021

In times of ever-increasing digital change, not only future-proof technologies, but also reliable data security systems are essential in order to make work processes efficient, scalable, sustainable and competitive. Thanks to the smart network with the manufacturer, users can also send service reports directly to EFAFLEX if they wish.

Cost Reduction 73

Cost Reduction Logistics Network Optimization Software Networks Analysis 73

Material Handling and Logistics

JANUARY 8, 2018

For example, an analysis carried out by AIR on the potential impact of Hurricane Harvey on regional manufacturing found that, based on percentage of the total potential revenue loss, the top three subsectors are petroleum and coal products manufacturing (37%), chemical manufacturing (13%), and oil and gas extraction (12%).

Supply Chains 142

Supply Chains Cost Reduction Examples Events 142

Logistics at MPEPS at UPV

MARCH 13, 2023

In this post, a tour of the most popular programming languages in the sector will be made, as well as the databases from which the information can be retrieved for analysis. Continuing with the previous example, the design of the information would depend on how we are interested in obtaining it.

Logistics Network Optimization Software 52

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

Logistics Business Magazine

DECEMBER 13, 2023

According to analysis from delivery business Gophr, peak Christmas panic will grip the nation on the Friday before Christmas (22nd). Those who’ve left it too late will have to brave the shops on Super Saturday (23rd December) in order to get those last-minute Christmas gifts in person.

Training 62

Training Course Availability Analysis 62