GoShip Blog

FEBRUARY 7, 2023

Every company, irrespective of its size, must market its products or services to attract customers or face closing down. Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. There is no business without marketing.

Waste Reduction 52

Waste Reduction Price Reduction Resource Reduction Expense Reduction 52

ShipLilly

FEBRUARY 12, 2021

As a consequence, production has to come to a halt to accommodate products that have not been picked up yet. 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

Logistics Viewpoints

APRIL 10, 2024

The port handles about 11 million tons of cargo per year, including automobiles, containers, coal, and farm products. 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.

Supply Chain Planning Software 150

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

Logistics Viewpoints

JULY 17, 2023

Increased protectionism is leading to increases in landed costs for imported products. And yet Jerry Peck, the vice president of product strategy for global trade and transportation execution at QAD, made the point that when global companies think about digital supply chains, global trade compliance is often not part of their thinking.

Supply Chain Planning Software 112

Supply Chain Planning Software Compliance Supply Chain Software Optimization Software 112

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

EazyStock

FEBRUARY 17, 2021

Inventory Replenishment Strategies to Boost Profitability. For manufacturers, running out of raw materials can lead to delays in production, while wholesalers and retailers can experience a short-term drop in sales and longer-term issues with customer attrition. 5 Inventory Replenishment Strategies to Increase Profits.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

Conger

APRIL 1, 2024

Imagine a world where equipment failures are unheard of as peak productivity is standard. Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Examples include cleaning and lubricating the moving parts or replacing parts before they wear out. Let’s dive in!

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

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

SYSPRO Smarter ERP

MAY 2, 2024

The other emerging area around AI in ERP focuses on trend analysis and forecasting. AI also enhances manufacturers’ ability to collect, aggregate and analyze sensor data in real time for production analytics. Generative AI models will streamline the onboarding of ERP users as well as enhance sales and training processes.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

EazyStock

AUGUST 21, 2020

There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items. However, simply cutting inventory across your entire product range is not the approach to take. Here we’re going to focus on our favorite top five inventory reduction strategies.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

Logistics Viewpoints

FEBRUARY 22, 2022

The role of logistics in modern companies is not only to support corporate strategy but also to enable it. Here are just a few examples of leveraging data to enable modern transportation orchestration: Do you need rapid and accurate evaluation of different transportation options?

Data 104

Data Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction 104

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. Next-generation supply chain management tools like CLX LaneLogix are a perfect example of the type of system. Ongoing Spend Analysis.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Logistics Viewpoints

SEPTEMBER 19, 2023

The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 138

Stord

JANUARY 7, 2019

The Wall Street Journal’s recent analysis of retailers’ logistical challenges highlights the appeal and success of alternative solutions to traditional warehousing in retail and beyond. Scalability is a huge component of alternative strategies. Alternative warehouse strategies help enterprises, but also small and midsize businesses.

Inventory Reduction 78

Inventory Reduction Price Reduction Supply Chain Planning Software Supply Chain Software 78

Logistics Viewpoints

AUGUST 14, 2023

Nevertheless, the argument that trade compliance is complementary to a company’s overall tax strategy certainly makes sense to many companies. In April of 2022, British American Tobacco, headquartered in the UK, agreed to pay $508 million in fines for selling their products to North Korea. Treasury Department.

Compliance 105

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

Logistics Viewpoints

APRIL 24, 2023

Raja Hammoud, EVP of Products at Coupa, speaking on the main stage at Coupa Inspire Coupa recently completed its Inspire conference. This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. That has recently changed.

Supply Chain Design Software 121

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

The Logistics of Logistics

FEBRUARY 11, 2022

You are Making Significant Logistics Strategy Changes : When you realize that your current WMS cannot support new processes effectively or at all. You are Facing New Omnichannel Fulfillment Requirements : The boom of ecommerce and direct to consumer demands require new strategies and cutting-edge WMS capabilities.

Modeling Software 221

Modeling Software Logistics Network Optimization Software Cost Reduction Vendor Strategies 221

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. In truth, demand forecasting, or estimating how much product you’ll sell in the future, is one of the toughest challenges for any ecommerce business.

eCommerce 86

eCommerce Inventory Reduction Operations Modeling Software 86

GlobalTranz

AUGUST 17, 2015

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle. What happens when a company plans to bring a product to market and outsources all of the steps in between to suppliers that do not communicate?

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 98

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

Expense Reduction 59

Expense Reduction Cost Reduction Price Reduction Strategy 59

Logistics at MPEPS at UPV

FEBRUARY 28, 2019

Doing the research for an Unit Load analysis for products in supermarkets for the logistics course, I came over a really interested, related topic: the product placement in supermarkets. At this level the top sellers are placed, meaning the products that usually are selling themselves very good and are more expensive.

Expense Reduction 40

Expense Reduction Production Price Reduction Unit loads 40

Logistics Viewpoints

MARCH 8, 2021

Belcorp Corporation, headquartered in Peru, manufactures cosmetics and personal care products for women in 14 nations across South and Central America. It offers fragrances, facial and body treatment products, makeup products, and personal care products. These new products generate up to 30% of the company’s revenues.

Supply Chain Design Software 153

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 153

3PL Links

FEBRUARY 13, 2023

How to Innovate Your Supply Chain Management: What You Need to Know | Image Source: Axestrack Organizations must prioritize supply chain management and implement strategies to increase its efficiency if they want to compete in the market. The supply chain, in general, refers to all the processes and routes that a product is submitted to.

Supply Chain Design Software 62

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

Logistics Bureau

MAY 31, 2021

The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher.

Cost Reduction 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

ShipLilly

FEBRUARY 24, 2020

On the 1st of April, China increased tariffs to 25% on 128 USA products. Three days later, Trump proposed 25% tariffs on 1300 products representing $50 billion worth of imports. One day later, China announced an additional 25% tariffs on 106 US products worth $50 billion. Ten days later, 45 U.S. West Coast Ports. West Coast.

Sourcing Strategies 60

Sourcing Strategies Cost Reduction Strategy Negotiating Skills 60

Ship Monk

APRIL 5, 2024

Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. SRM is more than a one-and-done analysis. Shipping delays, labor shortages, and manufacturing shutdowns can wreak havoc on your business, as can deteriorating product quality. If so, good on you! And the benefits can be significant.

Negotiate Pricing 83

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 83

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 Viewpoints

FEBRUARY 28, 2022

Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” Lead times, for example, are a critical form of master data for planning purposes. The processing units in an oil refinery, for example, operate at high temperature and high pressure.

Supply Chain Planning Software 169

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 169

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

Expense Reduction 48

Expense Reduction Cost Reduction Price Reduction Strategy 48

IoT World Today

MAY 21, 2020

Shortages for in-demand products abound, while shipment delays are common and production lines run at a fraction of capacity. Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “We Erratic consumer demand adds further dysfunction.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 145

3PL Links

DECEMBER 28, 2023

The primary logistics trends for 2024 are shown below, along with examples of how some of the industry’s top businesses are already incorporating them into their plans. Through the efficient and real-time processing of API-based interfaces, communication with customers and business partners becomes more agile and productive.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Sourcing Strategies Trends 48

SYSPRO Smarter ERP

MARCH 28, 2024

It is a modern business strategy that lets company staff make decisions based on facts instead of biases. You don’t want data that could create analysis paralysis. Identifying fast-moving products and removing slow sellers, ensuring you stock what customers want. The work to get this has to be collaborative.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 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

GlobalTranz

NOVEMBER 16, 2016

Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. As a result, the simplest way of defining a big data strategy must begin with understanding how it will evolve and affect the company. . How to Get Started with Your Big Data Strategy. .

Resource Reduction 91

Resource Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 91

SYSPRO Smarter ERP

NOVEMBER 8, 2021

According to McKinsey , the value of goods traded globally has tripled to more than US$10 trillion since 2000, and because of recent events, they are having to re-evaluate supply chain strategies. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

GlobalTranz

APRIL 20, 2021

Shortages of products from toilet paper to microchips during the coronavirus pandemic highlighted the value of supply chain resiliency, and the opportunities for companies that aren’t as prepared as they would like. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches.

Supply Chain Planning Software 115

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

3PL Links

DECEMBER 2, 2022

The tasks associated with the delivery of raw materials are handled by inbound logistics or supply logistics to guarantee their availability throughout the production process. Strategies for efficient inbound logistics that you can use in your business. Allows for performance analysis. Duties of inbound logistics.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62