Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

EazyStock

AUGUST 21, 2020

So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items. Top five inventory reduction methods .

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. It is important to answer the following questions: What is the goal of developing a data strategy? Which tools should we use?

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

SYSPRO Smarter ERP

JUNE 9, 2022

Manufacturers rely on data and their ERP platform to answer critical questions: What are our inventory levels? Mid-market manufacturers need a tool that’s tailored to their needs. The BI tool needs to be able to easily pull all this data together for analysis. How much does it cost us to manufacture this product?

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Software 98

GoShip Blog

JANUARY 5, 2024

The evolution of cargo tracking from traditional methods to sophisticated digital tools marks a significant leap in how logistics companies manage and monitor shipments. This blog will explore how these tools work, their benefits, and their impact on the logistics industry.

Optimization Software 52

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

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

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

NOVEMBER 17, 2020

What is ERP inventory management? When it comes to inventory management, ERP systems are ideal for tracking stock along the supply chain, monitoring stock levels and order processing. ERP inventory management limitations. ERP inventory management needs sophisticated demand forecasting.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

FreightWaves SONAR

DECEMBER 3, 2020

Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Tracking shipment status is a core function of advanced shipping analytics tools. Download the White Paper.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 76

Logistics Viewpoints

FEBRUARY 8, 2024

Predictive and prescriptive analytics have emerged as valuable tools that enable warehouse operations managers to streamline processes, minimize costs, and enhance productivity. Restock/Replenishment Planning – Maintaining optimal inventory levels is crucial to meet customer demands without overstocking.

Optimization Software 144

Optimization Software Modeling Software Efficiency Inventory Reduction 144

Blue Grace Logistics

MAY 30, 2023

BlueGrace Logistics Confidence Index™ The BlueGrace Logistics Confidence Index™ measures expected industry expansion or contraction based on revenue forecasts, inventory levels, and order volumes. The LCI supports improved performance through logistics and transportation operations, strategy, and execution.

Logistics Network Optimization Software 62

Logistics Network Optimization Software Optimization Software Inventory Reduction Resource Reduction 62

CLX Logistics

APRIL 22, 2024

Companies that have streamlined their supply chains experience a 15% reduction in supply chain costs, maintain inventory holdings below 50%, and achieve cash-to-cash cycles that are three times faster. [1] Inventory Management Balancing inventory levels is essential to avoid stockouts or excess stock.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 98

Blue Grace Logistics

FEBRUARY 21, 2023

BlueGrace Logistics Confidence Index™ The BlueGrace Logistics Confidence Index™ measures expected industry expansion or contraction based on revenue forecasts, inventory levels, and order volumes. The LCI supports improved performance through logistics and transportation operations, strategy, and execution.

Logistics Network Optimization Software 62

Logistics Network Optimization Software Optimization Software Inventory Reduction Resource Reduction 62

Logistics Viewpoints

DECEMBER 11, 2023

enVista is system agnostic and assists its customers from WMS strategy and assessment, evaluation and selection, to system implementation, through to post implementation support. They also have a rigorous approach to integrated business planning consulting. enVista provides across-the-board supply chain and logistics consulting.

Supply Chain Design Software 146

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 146

Dedola Global Logistics

NOVEMBER 22, 2023

Cost-Benefit Analysis: Conduct trial shipments well before the strike to assess potential savings or costs when switching from East to West Coast ports. Inventory Management: Increase safety stock levels to buffer against delays, balancing this against the cost of additional inventory.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Software Inventory Reduction Cost Reduction 93

Blue Grace Logistics

DECEMBER 12, 2022

The BlueGrace Logistics Confidence Index measures expected industry expansion or contraction based on revenue forecasts, inventory levels, and order volumes. A predictive analysis of shippers confidence for the upcoming quarter correlating growth or shrinkage to overall volume of shipments and price of products. View Whitepaper.

Logistics Network Optimization Software 62

Logistics Network Optimization Software Optimization Software Inventory Reduction Resource Reduction 62

3PL Links

APRIL 5, 2024

The primary goal of the supply chain is increasing efficiency, and in order to do this, it prioritizes distribution, inventory control, cautious supplier selection, and ongoing process optimization. It goes beyond simply being an operational strategy.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Sourcing Strategies 48

Conger

APRIL 1, 2024

Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Introduction to Maintenance Strategies In industries such as Manufacturing, Distribution, Food Processing/Storage, Paper, Packaging, and Lumber, equipment efficiency is not just an operational goal but a necessity.

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

Log-hub

DECEMBER 12, 2023

Your most valuable tool in such situations is making decisions based on data. When it comes to network design optimization, you might want to run AS-IS Analysis, design a completely new network from scratch, optimize an existing network, or compare future strategies. It is indeed a simple analysis if you have the right tool.

Supply Chain Design Software 52

Supply Chain Design Software Scenario Planning Supply Chain Design Supply Chain Planning Software 52

EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. trillion by 2023 , indicating a need for more robust online sales strategies. 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.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 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

Logistics Viewpoints

APRIL 10, 2024

For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems. Develop and implement contingency plans and recovery strategies, using tools such as business continuity plans, crisis management teams, and emergency response protocols.

Supply Chain Planning Software 150

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

20Cube Logistics

NOVEMBER 13, 2019

Predictive analysis, today is part of all major business operations and processes to help forecast trends, events and to find solutions for complexities. According to Forbes, predictive analysis is mandatory in logistics as it relies heavily on accuracy and timeliness to achieve success. The supply chain market is set to grow from 4.56

Supply Chain Software 40

Supply Chain Software Analysis Supply Chains Inventory Reduction 40

Logistics Viewpoints

JULY 17, 2023

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. Longer lead times also impose costs in the form of higher just-in-case inventory buffers.

Supply Chain Planning Software 112

Supply Chain Planning Software Compliance Supply Chain Software Optimization Software 112

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.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. If you’re not careful, the costs of forecasting can outweigh the potential savings in inventory costs. As the old “garbage in, garbage out” adage warns, your forecast is only as accurate as the data you input.

eCommerce 85

eCommerce Inventory Reduction Operations Modeling Software 85

EazyStock

MARCH 26, 2018

?. One of the most common questions we receive is “We already have an ERP inventory module. Through better inventory management, we’ve been able to support our stock management and procurement processes much better, which has even resulted in higher profits! Inventory Management and forecasting in your ERP.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

Ship Monk

FEBRUARY 29, 2024

As much as we’d like to think that ecommerce is taking over the world, it still only accounts for around 21% of retail sales according to a 2023 Digital Commerce 360 analysis of U.S. A physical store can also help with inventory and returns in areas that may need logistical support. Department of Commerce figures.

eCommerce 87

eCommerce Inventory Reduction Waste Reduction Cost Reduction 87

Blue Grace Logistics

MAY 1, 2019

Inventory is the core of any business. The right inventory, at the right time, at the right point in the supply chain is crucial for the success of the business. Each of these processes in the supply chain is dependent on the availability of inventory to carry out their function and meet business objectives.

Inventory Reduction 48

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 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. It’s also about using the right tools, platforms, and skills to unlock maximum value. The work to get this has to be collaborative.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 52

Logistics Viewpoints

MARCH 25, 2021

Global trade regulations and conflicts, as well as tariff threats as a political tool, could cut off sources and markets and push your business plan into the red. Your transportation consultant can help develop response strategies to ensure your supply chain continues to operate while the problem is addressed.

Supply Chain Planning Software 185

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 185

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. Taking a collaborative approach with suppliers can help your business innovate, find better products and solutions, reduce inventory costs, and work around future problems. If so, good on you!

Negotiate Pricing 83

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 83

Logistics Business Magazine

SEPTEMBER 27, 2023

Zebra Technologies Corporation today released the findings of its 2023 Global Warehousing Study, which confirmed 58% of warehouse decision-makers plan to deploy radio frequency identification (RFID) technology by 2028 which will help increase inventory visibility and reduce out-of-stocks.

Supply Chain Planning Software 64

Supply Chain Planning Software RFID Supply Chain Software Inventory Reduction 64

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Inventory location and management. Increasing order efficiency.

Supply Chain Design Software 115

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

GlobalTranz

APRIL 20, 2021

Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. The coronavirus disruptions highlighted the stressed nature of lean and just-in-time inventories.

Supply Chain Planning Software 115

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

CLX Logistics

FEBRUARY 22, 2024

At the heart of these challenges lies the need for advanced tools and technologies to drive innovation, enhance decision-making, and unlock hidden value within procurement processes. ML algorithms enable predictive analysis and decision-making, while NLP algorithms enhance communication and data analysis capabilities.

Optimal Sourcing 52

Optimal Sourcing Procurement Negotiating Skills Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order.

Supply Chain Planning Software 52

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