Optimizing Your Supply Chain Costing

Talking Logistics

Supply chain costing is the collection, expense assignment, and analysis of cost information across all the work activities comprising a supply chain for the purpose of identifying opportunities to obtain a competitive advantage through a combination of reduced costs or improved performance.

TMS Optimization: Transitioning from “Nice to Have” to “Must Have”

Talking Logistics

Optimization is a ubiquitous term in the supply chain and logistics industry. We all talk about how we need to optimize our operations. In practice, however, relatively few companies are using optimization technology, particularly in transportation. In the past, a lot of companies believed that they didn’t need optimization, but is that still true today? What factors are shifting transportation optimization from a “nice to have” to a “must have” capability?

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What is Inventory Optimization?

EazyStock

What is inventory optimization? So what is inventory optimization? In plain English, inventory optimization is the practice of having the right inventory to meet your target service levels while tying up a minimum amount of capital in inventory.

Predictive analysis: How it improves supply chain visibility

20Cube Logistics

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 Mind-Boggling Complexities of Food Distribution (Why Optimization is Critical)

Talking Logistics

In such a scenario, what is the optimal way to load these trailers and route the deliveries? In order to structure our analysis, we have organized these options into a matrix, where one axis is type of trailer and the other is the number of stops.

Managing E-Commerce Fulfillment Spikes With Data Analysis

Cerasis

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Data Analysis Enhances E-Commerce Forecasts and More Take a moment to consider what goes into managing e-commerce fulfillment.

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The Top Three Benefits of Optimizing Shipping Performance

Cerasis

This approach to optimizing shipping performance is educational because of how it illuminates potential weaknesses and offers advice for making positive changes. Performing computer-based analysis is also possible in cases when it is impractical to assess in the most common ways.

How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

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 analysis (otherwise known as ABC classification ). XYZ Analysis. To help overcome these issues, you can apply XYZ analysis.

Optimizing Your Supply Chain Costing – Talking Logistics

247 Customs Broker

Supply chain costing is the collection, expense assignment, and analysis of cost information across all the work activities comprising a supply chain for the purpose… The post Optimizing Your Supply Chain Costing – Talking Logistics appeared first on 24/7 Customs Broker News.

[WHITE PAPER] How to Optimize Full Truckload Shipping Through Technology & Best Practices

Cerasis

Cerasis is excited to announce the release of an all new, exclusive, & educational resource “How to Optimize Full Truckload Shipping Through Technology & Best Practices” white paper! This is a must read for those are looking to reduce Full Truckload costs and optimize full truckload shipping in order to do more with less. Freight Full Truckload Logistics White Papers Optimizing full truckload

How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

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 analysis (otherwise known as ABC classification ). XYZ Analysis. To help overcome these issues, you can apply XYZ analysis.

How Supply Chain Analysis Keeps Your Business on Top

PLS Logistics

Logistics Supply Chain Management Optimization Big Data Risk Management SuppliersManaging a supply chain is all fun and games until you bring efficiency and profitability into the mix.

Optimize Your e-Commerce Conversions

3PL Insights

10 Ways to Optimize Your E-Commerce Conversion Rate. With thorough analysis of the customer journey through your website, you’ll be able to better isolate the issues that are causing potential buyers to leave or even get so far as to abandon a full shopping cart.

Top 5 Tips To Optimize Your Warehouse Storage System

Cerasis

Optimize Now. There are many ways to optimize your warehouse storage system, such as: 1. Conduct ABC Analysis. It is a simple analysis, also known as Inventory Categorization Method, which categorizes all the products as per their monetary value (high to low). LinkedIn The post Top 5 Tips To Optimize Your Warehouse Storage System appeared first on Transportation Management Company | Cerasis. Do you have a messy, unorganized warehouse?

MarineTraffic, NAPA join forces on fleet optimization

247 Customs Broker

MarineTraffic, NAPA join forces on fleet optimization.

Is there a compelling reason to implement analytics & optimization? STEP 1 – Prove the bridge is on fire

AIMMS

An analysis leveraging sales data and geographical lifecycle indicators classified inventory into three major segments: Dead stock – simply an (unwelcome) snapshot of stock that has no buyer without deep discounting. analytics Supply chain optimizationCambie Bridge, foggy by colink.

The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud

Cerasis

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. For example, wearables measuring the number of steps, heart rate and calorie consumption can virtually eliminate on-the-job cardiac events, reports the Inventory & Supply Chain Optimization Blog. Data Analysis Grew Exponentially, Providing More End-to-End Visibility and Continuous Improvement.

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Track Drivers in Real-time and Ensure SLA Compliance

Loginext

Reduce your logistics management costs and increase overall efficiency by tracking drivers and their behavior in real-time. Industries, especially those with sensitive cargo and shipments, focus on tracking the behavior of their drivers to ensure service level agreement (SLA) compliance.

Combinatorial Optimization: We do the math so you don't have to

Transporeon

Combinatorial optimization can lighten the load The resources required to solve those questions manually are simply unfeasible. This is where combinatorial optimization can help.

Top Tech Upgrades of The Year

Loginext

To optimize resource movement with a view to reduce operations costs and improve overall process efficiency. Tech evolution must always be around a purpose. The purpose of the upgrades mentioned here, and many more that are regularly communicated to the clients through mailers, is singular.

Case Study: Automha Optimizes Space and Storage for UK Brewer

Logistics Business Magazine

The company wanted to exploit an existing plant in Nottingham, optimizing its storage capacity. The post Case Study: Automha Optimizes Space and Storage for UK Brewer appeared first on Logistics Business® Magazine.

Rethinking Your Distribution Network Optimization – Supply Chain 24/7

247 Customs Broker

Distribution Network Optimization. Whether you are a small business owner or a corporate logistics manager, it’s crucial to stay attuned to the most innovative ways to optimize your distribution network. Whatever the motivation, reassessing your distribution network optimization is an absolute necessity. Distribution Network Optimization Is More Relevant Than Ever. If a cost-benefit analysis sounds expensive and time-consuming, simplify the question.

ELD Mandate for Trucking Industry by FMCSA

Loginext

The Phase 2 (Mandatory Implementation) of ELDs began on the 18th of Dec 2017. US Department of Transport is mandating that drivers be on duty for a fixed set of hours (60 hours in 7 days, or 70 hours in 8 days; based on the breaks taken in between).

Necessary Steps for Smarter Logistics Planning Optimization. Increase Efficiency and Profits

Cerasis

Editor's Note: Today's is blog is from Nicole Lewis who shows us the steps for smarter logistics planning optimization. However, contemporary business affairs feel an increasing need not only in logistics planning optimization but also in it as a whole procedure.

3 Compelling Reasons to Start Using Prescriptive Analytics

AIMMS

If you’ve read up on the latest topics in the field of data analysis, then you’ve probably encountered the term Prescriptive Analytics. Off the shelf scheduling tools, pricing optimization tools, and production planning tools tend to work well for many businesses.

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How BT is Building a Connected Supply Chain Amidst Ongoing Transformation

AIMMS

We are using Network Design Navigator for two purposes with different data sets: The first one is to optimize proximity in our network allocation for engineers. It has helped us dynamically optimize our engineer sources as we go.

Are your L&D programs reaping the outcomes you need?

UL EHS- Sustainability

A training needs analysis (TNA) will identify where employee training can make a meaningful contribution towards improving performance. The analysis can also reveal other variables that cause employees not to perform at the optimum levels– organizational culture, personal problems, job satisfaction or financial compensation. Our eLearning software solutions optimize employee skills and empower clients to focus on growing their business while we support their training efforts.

The New Way a TMS Fuels Routing Creativity

Talking Logistics

A New Approach: Continuous Pool Optimization. That’s what continuous pool optimization (CPO) allows without sacrificing efficiency or service. It enables shippers to be creative in designing a dynamic distribution model that optimizes itself, taking advantage of new realities. Shippers can plan shipments to a consolidation point by predetermin­ing a specific location or by allowing an algorithm to dynamically determine the optimal consolidation facility.

Why Cars Are Cheaper Than You Think

Supply Chain Brain

at the moment, the least expensive iterations average $46,000, while the most expensive versions of the same models settle around $63,000, according to analysis from Edmunds.com. Global Supply Chain Management Global Trade & Economics SC Analysis & Consulting Automotive Retail All Technology SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain Visibility SC Finance & Revenue Mgmt

Saving Your Company After a Data Breach

Supply Chain Brain

Global Supply Chain Management Quality & Metrics Regulation and Compliance SC Analysis & Consulting Supply Chain Security & Risk Mgmt. SC Planning & OptimizationCompanies large and small are susceptible to data breaches. In fact, it’s highly likely that your organization will suffer one at some point in time. So how should you respond?

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How A.I. Will Transform Shipping and Logistics

Supply Chain Brain

Business Strategy Alignment SC Analysis & Consulting Global Supply Chain Management All Logistics Global Logistics Transportation & Distribution All Technology Supply Chain Visibility SC Finance & Revenue Mgmt. SC Planning & Optimizationis seeping into virtually every industry, and logistics isn’t immune. Imagine systems that can sift through huge volumes of information to formulate “smart” recommendations as to routes, scheduling and pricing.

Boeing's Vertical Leap: Where Will It Squeeze Suppliers Next?

Supply Chain Brain

Business Strategy Alignment SC Analysis & Consulting Global Supply Chain Management Aerospace & Defense Industrial Manufacturing All Technology Sourcing/Procurement/SRM SC Planning & Optimization SC Finance & Revenue Mgmt. What could Boeing take in-house next? “It’s It’s bigger than what many people realize,” says Kevin Michaels, managing director of the consulting firm AeroDynamic Advisory. They’re reinventing the supply chain and there’s a lot more vertical integration to come.”

What Is the True Cost of Eating Meat?

Supply Chain Brain

Global Supply Chain Management Global Trade & Economics Sustainability SC Analysis & Consulting Food & Beverage Supply Chain Security & Risk Mgmt. All Technology SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain VisibilityWhat are the economics of meat? Food and farming is one of the biggest economic sectors in the world.

Can Customs Handle the E-Commerce Flood?

Supply Chain Brain

Global Supply Chain Management Regulation and Compliance SC Analysis & Consulting E-Commerce/Omni-Channel All Technology SC Planning & Optimization Supply Chain Visibility SC Finance & Revenue Mgmt. In 2016, U.S. Customs and Border Protection raised from $200 to $800 the value of a single imported shipment that’s exempt from duties and taxes, as well as certain reporting requirements.

Spotlight on Triadic Distribution Centres Making Triadic, Dyadic and Monadic Sense of your Warehouse

Logistics Bureau

The very reliable inventory tool of ABC analysis is used to locate goods in storage bins and picking faces. ABC analysis has its roots in the Pareto Principle, but takes it further. They are designed for optimal flow to minimise handling resources and labour.

How Amazon Is Using Whole Foods in a Bid for Total Retail Domination

Supply Chain Brain

Business Strategy Alignment Global Supply Chain Management SC Analysis & Consulting Retail Food & Beverage E-Commerce/Omni-Channel Consumer Packaged Goods All Technology SC Planning & Optimization SC Finance & Revenue Mgmt Amazon had been militant about leaks during the seven weeks that the two companies had been in negotiations, and the vast majority of those working inside the building had been unaware that the deal was afoot.

This Guy Reinvented the Shipping Pallet, Making It Safer, Stronger and Smarter

Supply Chain Brain

Global Supply Chain Management SC Analysis & Consulting Healthcare Pharma/Bio-Tech All Logistics Transportation & Distribution Logistics Outsourcing Global Logistics All Technology SC Planning & OptimizationThe pill packages had likely been contaminated by trace amounts of a fungicide used to treat the 6-inch-tall wooden platforms, which carried them from factory to warehouse to retailer. The cost of lost production and yanking Tylenol and Motrin off store shelves: $900m.