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

Conger

MARCH 28, 2024

One of the strategies to consider is adopting robust fleet management software, which enables businesses to automate and streamline fleet-related processes. The software centralizes data, provides real-time information, and automates tasks. Fleet management software is also another mechanism.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

SYSPRO Smarter ERP

OCTOBER 9, 2023

Many governments are also offering incentives for manufacturers to invest in energy-efficient solutions. The question company managers face is what software solution can help them keep machines busy as well as monitor performance and progress in their areas of concern.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

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

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. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 115

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

Material Handling and Logistics

AUGUST 10, 2018

But I often see companies that have more cutting tools, for example, than they need. If a specification changes or new tools come online, this excess inventory may end up in the trash. If you’ve tried to trim costs by buying cheaper cutting tools, but their low quality means you’ll use more of them, are you really saving money?

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

EazyStock

NOVEMBER 19, 2020

But when looking at the bigger picture the ‘best-price’ is not always the most cost-effective way to procure a product. A smart stock replenishment strategist will understand supply and demand nuances around the items being ordered and consider factors such as: Lead times – how quickly is the order needed? optimizing inventory levels.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

3PL Links

FEBRUARY 14, 2024

Image source: Flickr | Logistics Planning 2024: How To Carry out Logistical Planning for This Year Have you ever given the recent evolution of logistics any thought? Read also: How to Make Reverse Packaging Logistics More Efficient? How to carry out logistical planning for 2024? Why is logistical planning necessary?

Supply Chain Planning Software 48

Supply Chain Planning Software Scenario Planning Optimal Sourcing Sourcing Strategies 48

Logistics Bureau

AUGUST 7, 2023

In this article, we’ll look at some of those challenges and explore potential solutions to help you and your IM team meet the burgeoning demand for fast and accurate order fulfilment. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89

Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Read also: How to Calculate the Cost of Transport 2. In 2021, a wide range of major product categories saw online purchase returns, with rates varying from 8% to 88%.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

Logistics Viewpoints

MARCH 8, 2021

When companies implement enterprise software solutions, they often label that implementation as being part of their company’s digital transformation. But implementing new software does not digitally transform anything if the people that are supposed to use that software cannot do so effectively.

Supply Chain Design Software 153

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

Logistics Bureau

OCTOBER 10, 2022

The good news is that they are all problems with solutions, and that every supply chain can be improved through inventory optimisation. No inventory optimisation solution comes without tradeoffs. Indeed, in some cases, that might be a realistic solution, but more on that in a moment. 2: Forecast Accuracy. 3: Supplier Lead Time.

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

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. How to innovate? Why is it important to apply innovation to the supply chain?

Supply Chain Design Software 62

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

Logistics Bureau

MAY 8, 2023

By neglecting or underestimating the need for meaningful analysis, they typically fail to attain anything like the value they might receive with effective carrier management. You must evaluate the option in detail to know if it presents more pros than cons or vice versa.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

Logistics Viewpoints

MAY 11, 2023

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. But do you really need to look specifically at digital twin solutions, or might some of these already be available in the automation you already have? come with any of them.

Optimization Software 142

Optimization Software Supply Chain Design Software Modeling Software Digital 142

Logistics Viewpoints

NOVEMBER 6, 2023

Increasingly, companies will take sustainability criteria into account in their purchasing decisions. Analysis of what is reported may suggest that a supplier has not been totally forthcoming in what they have reported on the platform. Many companies don’t even know how to start these projects.

Supply Chain Planning Software 133

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 133

WorkWave

SEPTEMBER 2, 2021

This guide looks at all the critical aspects of how to start a delivery service business. You need to identify a specific business niche because it will guide the decisions and solutions you choose for your business. There are various helpful tips out there you can use on how to buy a delivery route.

Logistics Network Optimization Software 52

Logistics Network Optimization Software How To Optimization Software Procurement Solutions 52

3PL Links

MARCH 18, 2024

Have management software Management software is the best tool for retailers to control not only inventory but the entire store operation. Software that satisfies the requirements of the store and adheres to the specifics of the business standards is crucial. Inventory management for small businesses: it’s possible!

Inventory Reduction 48

Inventory Reduction Inventory Tips Optimization Software 48

Blue Grace Logistics

JULY 27, 2021

Approaching a demand analysis with historical data and seasonal variations is no longer competent. Customer expectations and the buying capacity of the purchaser coupled with the cost of substitutes or complementary goods also play an important role. However, how pragmatic is this solution and how does one put this into practice?

Procurement Analytics 62

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

EazyStock

DECEMBER 13, 2021

Unfortunately there’s no easy solution to the deal with the current global supply chain problems and avoid stockouts altogether. Introducing ABC analysis to categorize your stock would help identify these so you can prioritize your time. The aim is to increase your options when you need to economically procure stock in an emergency.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

EazyStock

FEBRUARY 18, 2020

Ordering costs include the costs of creating a purchase order, processing an order, receiving and inspecting orders, etc. Can my warehouse and staff manage more frequent purchase cycles? Smaller batch orders with higher frequency gives inventory managers more flexibility to align purchasing patterns with actual customer demand.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

AIMMS

DECEMBER 1, 2016

In this blog post, I will delve into 5 issues companies typically experience with their S&OP software. This makes S&OP implementation a difficult process, especially when it comes to finding the right tools. Finding Software to Drive S&OP: 5 Dysfunctions companies typically encounter . image source: [link].

Supply Chain Planning Software 103

Supply Chain Planning Software Optimization Software Optimal Sourcing Modeling Software 103

3PL Links

FEBRUARY 6, 2023

Specifically, supply chain training will make it simple for your staff to use the many technical tools they use on a regular basis. It is crucial that they understand how to use these tools correctly as well as how to respond quickly if something goes wrong. Supply Chain Optimization Tips | Image Source: Lokad 3.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Optimization Software 62

GoShip Blog

APRIL 22, 2022

Demand forecasting is a highly efficient tool for any business type. According to statistics, about 80% of customers prioritize personalized service when purchasing. How to implement demand forecasting in your supply chain? Forecasting operations typically aim to examine and evaluate customers’ purchasing patterns and habits.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chains 40

EazyStock

JANUARY 21, 2021

Predominantly based on the functionality of Dynamics NAV, it’s easily connected with Microsoft’s other solutions from the 365 software suite to provide a fully integrated business system. It stores a wealth of data about every product and updates stock levels based on outgoing sales and incoming purchases.

Inventory 52

Inventory Optimization Software Supply Chain Planning Software Supply Chain Design Software 52

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. When looking to improve inventory turnover, it’s important that inventory planners and purchasers only order items that have a demand in the marketplace.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Logistics Bureau

APRIL 4, 2022

Here is an overview of the most valuable benefits: More informed freight spending: Because freight benchmarking involves the analysis of carriers and the rates paid by companies using them, it gives you an evolving picture of clarity about your freight spending. Freight Benchmarking: How to Do it Right.

Negotiating Skills 82

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

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

AIMMS

DECEMBER 1, 2016

In this blog post, I will delve into 5 issues companies typically experience with their S&OP software. This makes S&OP implementation a difficult process, especially when it comes to finding the right tools. Finding Software to Drive S&OP: 5 Dysfunctions companies typically encounter . image source: [link].

Supply Chain Planning Software 62

Supply Chain Planning Software Optimization Software Modeling Software Optimal Sourcing 62

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. They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. It will be easier and faster to implement software.

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. They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Choose and implement demand planning software.

Supply Chain Planning Software 52

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

EazyStock

FEBRUARY 1, 2021

Here are ways you can optimize your inventory management practices for eCommerce competitiveness: How to Manage eCommerce Inventory. Lead time – time it takes your supplier to deliver, from purchase order to stock in the warehouse. The post How to Optimize Inventory Management for eCommerce appeared first on EazyStock.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

FreightWaves SONAR

JUNE 1, 2023

In taking the opportunity to make strategic investments in digital supply chain tools during a market downcycle, when capacity is loose, freight costs are low and customer demand looks shaky, Walmart was bucking the trend among large shippers. That makes sense: Large organizations need time to evaluate their needs and find the right solution.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Negotiating Skills Supply Chains 52

EazyStock

MARCH 3, 2022

In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items. How to implement JIC inventory management with optimum stock levels. Seasonal demand – religious festivals and seasonal weather patterns can affect purchasing habits.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

Trinity Logistics

AUGUST 3, 2021

A TMS is a software program that allows you to manage your entire supply chain, including your internal logistics department, suppliers, warehouses, carriers, vendors, etc. Or if you want to be more “hands-off” you can outsource your TMS with a 3PL that provides software, account management, and use of their carrier relationships and rates.

Supply Chain Design Software 139

Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software Procurement Solutions 139

WorkWave

SEPTEMBER 23, 2021

Many people are new to online grocery shopping, and getting accustomed to all the options and tools available can make the experience more enjoyable and more accessible than initially expected. Designing a successful business model requires a bit of research and analysis of your competitors. Starting a New Grocery Store Model.

Modeling Software 52

Modeling Software Optimization Software How To Procurement Solutions 52

Logistics Business Magazine

DECEMBER 16, 2021

Ralf Duester, board member of the SCM software specialist Setlog , summarises which trends will shape the year 2022. His analysis is based on conversations and data from Setlog customers who use the SCM tool OSCA, e.g. more than 100 brands in the fashion industry alone. Sourcing and purchasing models are being rethought.

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Software Modeling Software Optimization Software 54