FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

ShipLilly

FEBRUARY 12, 2021

Meanwhile purchasing patterns are continuing to evolve in response to the unique set of circumstances created by the COVID-19 pandemic. Take for example the increased emphasis on the purchase of household goods via e-Commerce platforms. The post Analysis on 2021 Container Shipping Delays appeared first on ShipLilly.

Analysis 105

Analysis Manufacturing Procurement Purchasing Skills Price Reduction 105

GlobalTranz

JANUARY 17, 2017

So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. VR tends to replace the entire image. billion by 2021.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

Logistics Bureau

APRIL 4, 2022

There are several advantages to understanding your freight costs compared to the market generally. It will also make it easier to determine, for example, if you should opt for contract rates over spot rates or vice versa. Alternatively, you can procure access to a digital freight benchmarking platform.

Negotiating Skills 82

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

Trinity Logistics

OCTOBER 31, 2021

Transportation management affects every part of your logistics process, from planning to procurement and more. With this, it can optimize each shipment, allows freight tracking by using real-time updates, payment processes are simplifying and streamlining invoices are audited, and develops reports through its in-depth data collecting.

Optimization Software 96

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

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. What Do Supply Chain Analytics Have to Do With This Ability? What About Supply Chain Entities That Have Time-Sensitive Products?

Procurement Analytics 61

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

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. That has recently changed. The use cases just keep expanding.

Supply Chain Design Software 121

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

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. ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 96

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

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant.

Procurement Analytics 84

Procurement Analytics Manufacturing Procurement Procurement Document 84

Logistics Viewpoints

MAY 11, 2023

How the digital twin concept drives benefit By using advanced analytics and machine learning algorithms, digital twins can provide real-time insights and recommendations to optimize operations, reduce costs, and increase productivity. Do they purchase a 3D warehouse simulation and modeling tool? come with any of them.

Optimization Software 142

Optimization Software Supply Chain Design Software Modeling Software Digital 142

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals.

Supply Chain Planning Software 115

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

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

APRIL 3, 2023

So, for example, outsourcing sales activity is not typically a good idea if yours is a retail sales company. For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America.

Outsourcing 87

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 87

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. Here are some benefits of combining machine learning with advanced analytics and real-time monitoring to get complete visibility across the supply chain. AI was once only seen in science fiction.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

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. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

SYSPRO Smarter ERP

NOVEMBER 3, 2021

can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES). Freight bill accuracy : Whether shipping from factory to warehouse, or to the customer, this metric helps identify problems in billing operations.

Manufacturing Procurement 105

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

Blue Grace Logistics

JULY 21, 2020

It’s about understanding why key stakeholders which should include, vendors, purchasing, customer service, sales, are making the decisions that they do and how those decisions affect your supply chain. The data and analytics gathered during the measure phase is instrumental to a proper understanding of your operations.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Cost Reduction Supply Chain Software 62

ShipLilly

OCTOBER 26, 2021

The latest logistics report indicates several patterns that should be of interest or even concern to the entire shipping industry. A quick glance at the regular update shows that the likes of Best Buy and Target are reporting big inventory on their balance sheets. Reality of escalating transportation costs.

Cost Reduction 98

Cost Reduction Purchasing Skills Inventory Reduction Transportation 98

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

Negotiating Skills 94

Negotiating Skills Optimal Sourcing 3PL Procurement Analytics 94

Logistics Viewpoints

FEBRUARY 8, 2022

As physical stores opened, shut down and re-opened again, consumers became more flexible in the way they shop for, and purchase, just about every product. According to a recent article in Forbes , 48% of consumers today prefer a hybrid shopping model that combines online and in-store components. While driving a projected $14.1

Optimal Sourcing 112

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 112

Logistics Business Magazine

OCTOBER 26, 2023

In the United States, the Uyghur Forced Labor Prevention Act (UFLPA) has, for example, prohibited the import of goods manufactured in whole or in part by forced labour and originating from the autonomous region of Uyghur since June 21, 2022. For a Chinese supplier, for example, is the production plant close to a Uyghur forced labour camp?

Supply Chains 62

Supply Chains Manufacturing Procurement Scenario Planning Purchasing Skills 62

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 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 141

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

SYSPRO Smarter ERP

MARCH 21, 2022

Several surveys have reported how SCM in recent years has moved from being a cost center to one responsible for offering superior customer experience and delivering competitive advantage. According to a report , between 2020 and 2021 there was a dramatic growth in companies focusing on making their supply chains more resilient.

Manufacturing Procurement 116

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

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. Analyze your data and prepare an initial statistical forecast You can use various forecasting models for demand planning, and you must choose the models that best suit your business needs.

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. You can use various forecasting models for demand planning, and you must choose the models that best suit your business needs. Losing multiple customers will significantly impact revenue.

Supply Chain Planning Software 52

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

GlobalTranz

MAY 25, 2018

The Problem: Warehouses Lacking IoT-Based Technologies Lose Opportunities The cost for internet connectivity is decreasing, but some warehouses, operating on legacy systems, are still using paper-based processes. For example, auto-lighting LEDs, RFID, and handheld scanners can help pickers ensure the right item is picked every time.

Inventory Reduction 50

Inventory Reduction Supply Chain Planning Software Inventory Supply Chain Software 50

3PL Links

DECEMBER 2, 2022

Additionally, it makes it easier to choose a model from the inventory. Allows for performance analysis. This technique entails purchasing the primary raw material source in order to have more control over supply. Examples of Inbound Logistics Strategies. The forecasting of demand is also improved.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

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 157

Logistics Network Optimization Software Supply Chain Software Procurement Solutions Tracking and Tracing 157

EazyStock

DECEMBER 13, 2021

Help Avoid Stockouts with a Simple Risk of Stockout Report. For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. If demand and lead times are consistent, you could update your report once a week, maybe less. Start simple by working out your ‘number of stock days’.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Logistics Business Magazine

FEBRUARY 23, 2024

For example, the Dexory View dashboard enables pick face analysis of volumes. Real-time analytics with a virtual control tower helps forecasting freight lanes, both inbound and outbound. Generative AI may create new strategies in logistics, for example in transport routing. Machine help?

Logistics Network Optimization Software 52

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

GlobalTranz

MARCH 17, 2016

Purchasing and supply executives predict that the global manufacturing industry will continue to expand. Predictive Data Analytics. Chinese executives see predictive analytics as the key to competing with U.S. Chinese executives see predictive analytics as the key to competing with U.S.

Manufacturing Procurement 64

Manufacturing Procurement Supply Chain Software Supply Chain Design Software Supply Chain Planning Software 64

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 therefore a lower commitment to become a cloud ERP customer than the high cost of implementing the system on-premise.

Optimization Software 111

Optimization Software ERP Supply Chain Software Manufacturing Procurement 111

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. The Supply Chain Function The argument for having the global trade department report to the supply chain function is threefold. For example, the U.S.

Compliance 105

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

Logistics Bureau

JANUARY 7, 2020

Conversely, just 8% of businesses with less capable supply chains report above-average growth. 2) According to a 2012 report into corporate insolvencies by the Australian Securities and Investments Commission, 44% of businesses in Australia failed because of poor strategic management. Mini Case Study: Walmart.

Supply Chain Design Software 122

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

Logistics Bureau

JANUARY 9, 2019

Conversely, just 8% of businesses with less capable supply chains report above-average growth. 2) According to a 2012 report into corporate insolvencies by the Australian Securities and Investments Commission, 44% of businesses in Australia failed because of poor strategic management. Mini Case Study: Walmart.

Supply Chain Design Software 118

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

Logistics Business Magazine

DECEMBER 16, 2021

However, for companies that have already taken action to reduce carbon emissions from their facilities, operations and purchased energy (Scope 1 and 2 emissions) the majority of their carbon impact is now a result of emissions that are out of their direct control, in the maze that is Scope 3 emissions. Reliance on real-time data and analysis.

Waste Reduction 60

Waste Reduction Vendor Strategies Cost Reduction Resource Reduction 60