Remove Analysis Remove Logistics Remove Supplier management Remove Tools
article thumbnail

2023 supply chain and logistics management trends

EazyStock

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. ABC/XYZ analysis can help identify the most valuable items to your business.

article thumbnail

2023 supply chain and logistics management trends

EazyStock

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. ABC/XYZ analysis can help identify the most valuable items to your business. Supplier management. Supplier ranking.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Coronavirus Series – Inventory Management Challenges & Solutions

EazyStock

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. It’s already apparent that those supply chain management (SCM) teams that can adapt their operations and respond quickly to these issues will be one step ahead of their competition.

article thumbnail

How AI and Machine Learning Changed Procurement Management

CLX Logistics

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.

article thumbnail

What Makes a Truly Agile and Resilient Supply Chain?

Logistics Viewpoints

With these capabilities, you can predict and react to constant manufacturing and logistics changes with control-tower precision, confronting challenges before they become disruptions. If not, how will you find alternate suppliers and pivot to different logistics solutions on the fly? appeared first on Logistics Viewpoints.

article thumbnail

Cost To Serve – A Smarter Way to Improved Supply Chain Profitability

Logistics Bureau

Even if you simplify your product range and your upstream suppliers, you still have to deal with the ramifications of diverse customers, their expectations, their location and the logistics needed to meet their requirements. Returns management. Logistics costs are often a big contributor to overall Cost to Serve.

article thumbnail

The Business Benefits of “Going Green” with Your Supply Chain

247 Customs Broker

If you are single sourcing particular raw materials, analyze the supplier’s renewals and reusables. Continuously evaluate future optimization scenarios with a network design optimization tool. Help suppliers manage the sustainability impact – monitor and make sure they adhere. Conduct a backhaul analysis.