Logistics Viewpoints

APRIL 6, 2023

This myopic lack of focus on supply risks and product risks for purchasing results in significant process in-efficiencies in the way sourcing, contracting, purchasing, invoicing and payments are done for each of the four categories of the products above since they are handled by different departments or processes.

Optimal Sourcing 121

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 121

FreightWaves SONAR

JULY 10, 2023

Businesses are prioritizing the speed of data propagation within their supply chains. This includes sourcing materials, working with vendors, managing warehouses and transportation, and coordinating with retailers to ensure they can meet the changing demands of consumers while remaining profitable. and Target Corp.

Data 52

Data Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 52

GoShip Blog

NOVEMBER 15, 2023

Now, scale that up to the world of freight shipping, where a small data slip can mean big money lost. In the freight shipping industry, the accuracy of freight data is more than just a detail. Every day, countless shipments crisscross the nation, each with its data points: weight, dimensions, type, and destination.

Cost Reduction 52

Cost Reduction Supply Chain Planning Software Sourcing Strategies Data 52

FreightWaves SONAR

FEBRUARY 11, 2021

However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits. It’s that simple. Request a SONAR Demo.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Supply Chain Planning Software Optimization Software 98

Blue Grace Logistics

APRIL 1, 2024

In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies. LLMs fueling data-driven decision-making LLMs have stormed the tech landscape in recent years, and their applications in supply chain management are nothing short of transformative.

Optimal Sourcing 117

Optimal Sourcing Supply Chain Software Optimization Software Supply Chain Planning Software 117

CLX Logistics

MAY 15, 2024

They also recognized the need to look beyond their own data, and wished for experienced input on their procurement strategy. Client Challenges The Company needed to better understand their rates in comparison with the market on a granular level with regards to specific lanes, equipment types, and special requirements.

Optimal Sourcing 65

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 65

FreightWaves SONAR

MAY 7, 2024

This approach is cumbersome and fraught with challenges such as limited visibility, inefficient data management and difficulties in bid analysis. These platforms automate and digitize procurement workflows, simplifying data management and enhancing decision-making capabilities.

Optimal Sourcing 64

Optimal Sourcing Optimization Software Supply Chain Software Procurement 64

FreightWaves SONAR

APRIL 13, 2021

With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.

Negotiating Skills 97

Negotiating Skills Optimal Sourcing Sourcing Strategies Data 97

FreightWaves SONAR

MARCH 16, 2021

Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. These accurate depictions of the market come from the tracking of data. Businesses that have better access to more data have distinct advantages.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

Parade

MARCH 18, 2019

Starting with Location Data Creating a carrier system of records and intelligence system will be the first step towards freight brokerage digitization. Brokerages must think of an alternative data source outside of tribal knowledge to procure high quality and profitable carrier capacity.

Optimal Sourcing 84

Optimal Sourcing Data Capacity Price Reduction 84

EazyStock

JUNE 23, 2022

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

FreightWaves SONAR

APRIL 5, 2021

Tracking market trends within truckload rates relies heavily on data and analysis. This kind of real-time data analysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates. Data-driven insights provide a rubric for guiding RFP processes.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

Parade

FEBRUARY 4, 2019

Starting with Location Data A robust carrier intelligence (Link to Article) system uses a mixture of data sources to procure capacity in an intelligent manner. Brokerages must think of an alternative data source outside of tribal knowledge to procure high quality and profitable carrier capacity.

Optimal Sourcing 60

Optimal Sourcing Data Sourcing Strategies Price Reduction 60

EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. This software links directly with your ERP and creates a daily list of purchasing recommendations based off the inventory data.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

CLX Logistics

MAY 14, 2024

Moreover, SCV is not just about tracking—it’s about gaining actionable insights to help businesses anticipate needs and adjust strategies accordingly. Increased Speed: SCV helps streamline operations by integrating real-time data, facilitating quicker decision-making and turnaround times. What is Supply Chain Intelligence?

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 90

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. Soon, it’ll almost be a guarantee that if you’re not leveraging modern data analytics properly, you’re losing money or leaving it on the table.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

FreightWaves SONAR

JANUARY 25, 2021

It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

MAY 14, 2024

Aggressive pricing/cost savings strategies have contributed significantly to creating a sustained volatility in the domestic transportation market. From a shipper’s perspective, transportation is a cost center, and the exercise of sourcing trucking capacity is not much different than that of procuring raw materials for production.

Price Reduction 52

Price Reduction Material Savings Cost Reduction Sourcing Strategies 52

SYSPRO Smarter ERP

APRIL 18, 2022

Longstanding weaknesses in the supply chain like port infrastructure, outdated supply chain strategies and impacts of natural disaster and wars have all further affected global supply chains. With reliable data from ERP manufacturers and distributors can use data analytics to respond to challenges.

Manufacturing Procurement 124

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software ERP 124

FreightWaves SONAR

NOVEMBER 17, 2020

More freight brokers are turning to technology and transportation data to grow their businesses by understanding the true freight market rate. . It’s not solely about knowing basic rates – it’s about using freight data to make the best decisions for all loads – playing both the buy-side and sell-side aspects of freight brokering.

Data 52

Data Sourcing Strategies Transportation Freight 52

SYSPRO Smarter ERP

NOVEMBER 1, 2021

Industries are facing the need to plan new strategies and invest more in technology to gain a stronger foothold. A B2B e-commerce strategy is therefore becoming increasingly necessary for manufacturing businesses that want to better sell their products or procure the necessary components for manufacturing them.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Inventory Reduction 111

Freightos

APRIL 25, 2024

Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Despite the reduced customs costs, both companies are likely shipping by air at a loss—a sustainable strategy for their coffers but one that majorly impacts supply chain organizations reliant on the same volumes.

Cost Reduction 88

Cost Reduction Cargo Price Reduction Resource Reduction 88

Locus

MAY 25, 2022

Here are seven key strategies that they have used to make it happen. Source: statista.com. Use data insights. The obvious answer is data. Data has occupied an inevitable space in the last-mile delivery planning and its strategic implementation. Use advanced route planning to achieve on-time delivery. Download Now!

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

3PL Links

MAY 9, 2024

Image source: PickPik | Everything You Need to Know About Smart Warehousing Smart component storage for electronic board assembly is a tactic employed by businesses looking to uphold high standards for their offerings. Accelerating material handling processes can lead to time savings and increased production, which is an additional benefit.

Warehousing 48

Warehousing Optimal Sourcing Inventory Reduction Expense Reduction 48

SYSPRO Smarter ERP

AUGUST 2, 2023

To contend with these pressures, medical device manufacturers crave actionable, real-time, accurate, and reliable data throughout the entire supply chain. Acquiring and consolidating data can be a formidable task, however, especially when data is scattered across different systems and formats.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 98

SYSPRO Smarter ERP

MAY 2, 2024

Although machine learning models have been in place for some time, they are now becoming much more prevalent because of the high volumes of data in ERP systems. AI also enhances manufacturers’ ability to collect, aggregate and analyze sensor data in real time for production analytics.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

3PL Links

APRIL 5, 2024

Image source: Shipbob | Top 10 Practical Supply Chain Management Tips for Businesses Effective supply chain management becomes an increasingly important sector full of strategic opportunities and difficulties in an increasingly dynamic and complicated network. 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

SYSPRO Smarter ERP

JUNE 9, 2022

Manufacturers rely on data and their ERP platform to answer critical questions: What are our inventory levels? After all, data is the foundation of digital transformation, and according to McKinsey the pandemic caused companies to accelerate their digital transformation plans by three to four years.

Supply Chain Planning Software 98

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

SYSPRO Smarter ERP

OCTOBER 27, 2021

In 2018 a Forbes magazine published an article entitled “Every company is a data company” in which the authors urged all companies to use data as a core asset. That is now becoming a reality as businesses come to realize that data is the most significant asset they possess. Growth of IIoT. Quality control.

Manufacturing Procurement 111

Manufacturing Procurement Sourcing Strategies Supply Chain Planning Software Optimal Sourcing 111

GlobalTranz

APRIL 20, 2021

A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. Utilize a TMS That provides real-time data to remain agile.

Supply Chain Planning Software 115

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

GlobalTranz

DECEMBER 15, 2016

Editor's Note: Today's blog is from our friend Derrick Rehn with FusionOps who shows us how big data analytics can benefit you in your supply chain. . As big data analytics offer a sizeable competitive advantage for many industries, the drive to deliver cutting edge innovation in data analytics is ever increasing.

Supply Chain Software 53

Supply Chain Software Data Cost Reduction Supply Chains 53

GlobalTranz

JUNE 29, 2017

Editor's Note: Today's blog comes from Katie Cruze at considerdigital.com who give us the top 5 reasons why data quality is important. Data, for most companies, is often collected for record-keeping purposes. For many companies, managing the quality data can seem like an overwhelming task.

Data 77

Data Waste Reduction Sourcing Strategies Expense Reduction 77

SYSPRO Smarter ERP

APRIL 24, 2023

The Association for Supply Chain Management’s Supply Chain Operations Reference (SCOR) model provides seven primary processes that will ensure order fulfilment is carried out properly and efficiently — Orchestrate, Plan, Order, Source, Transform, Fulfill and Return.

ERP 105

ERP Optimal Sourcing Supply Chain Planning Software Ordering 105

Blue Grace Logistics

NOVEMBER 21, 2023

a How to Navigate Your Supply Chain During Market Swings Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 21, 2023 In the realm of ever-fluctuating food prices, a pragmatic revolution is quietly taking place in the shopping carts of budget-conscious consumers.

Optimal Sourcing 93

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 93

CLX Logistics

APRIL 22, 2024

Whether achieving real-time compliance tracking, navigating market uncertainties through advanced analytics, or reinforcing safety protocols via secure data exchange, the digital revolution within the chemical supply chain emerges as the critical factor in surmounting these difficulties. Data informs transportation capacity and rates.

Supply Chain Planning Software 87

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 87

SYSPRO Smarter ERP

NOVEMBER 14, 2022

Below are four recalibration tactics decision-makers looking to adopt a growth mindset should consider integrating into their strategies to drive growth and maintain relevance now and in the future. This saves users millions in operational costs and helps build a stable, sustainable supply source. Entering the digital economy.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 116

Blue Grace Logistics

NOVEMBER 3, 2023

Glenn Taylor | Sourcing Journal November 02, 2023 In an improving sign for the retail supply chain, the majority of shippers surveyed by third-party logistics (3PL) provider BlueGrace Logistics—64.4 percent—are optimistic about revenue growth in the fourth quarter. This is a slight jump from 61.7 In fact, 65.8

Inventory Reduction 97

Inventory Reduction Inventory Ordering Freight 97