SYSPRO Smarter ERP

MAY 2, 2024

We are starting to see document recognition services in AI which automate tasks such as invoicing, purchase orders and bank reconciliations. Network infrastructure is a commodity that can be accessed at a lower cost and legacy skill sets are becoming obsolete, making the cloud increasingly attractive.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. All of the above pressures culminate in rising operational costs – from ?labor, Talent gaps: ? One of the key drivers is the aging workforce leaving for retirement. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

Logistics Viewpoints

SEPTEMBER 20, 2022

Our lives became more interesting with the onset pandemic, followed by labor shortages, the Russian invasion of Ukraine, rising oil prices, and the oncoming recession. In this blog, I’ll try to shed more light on it with examples from our work with our customers. Think of the Lego as the ultimate example of a composable toy.

Supply Chain Planning Software 117

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 117

EazyStock

FEBRUARY 17, 2021

Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control. However, businesses are also acutely aware that holding inventory costs money. Excessive carrying costs can erode profit margins, while tying up cash in stock can lead to cashflow issues.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

3PL Links

DECEMBER 2, 2022

Everything You Need to Know About Inbound Logistics | Source: Picpedia. Here are the aspects that characterize supply logistics: Pick vendors who provide better supply conditions, better raw material quality, and more affordable costs. Cost savings through supplier negotiations. Examples of Inbound Logistics Strategies.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Shipchain

NOVEMBER 15, 2018

Determining the total cost of transportation is essential to understanding your company’s profitability. Understanding the total cost of transportation means understanding the costs and factors affecting spend in each leg of the supply chain. Possible Applications of Blockchain to Manage Total Cost of Transportation.

Cost Reduction 90

Cost Reduction Expense Reduction Purchasing Skills Material Savings 90

AIMMS

NOVEMBER 2, 2020

In such cases, it’s hard to align the team around a common source of truth. Let’s take the example of a large fiber manufacturer. To make matters more complex, different departments also used their own method for estimating product costs. They had no centralized purchasing process. How mature is your process?

Supply Chain Planning Software 127

Supply Chain Planning Software Purchasing Skills Cost Reduction Optimal Sourcing 127

EazyStock

APRIL 18, 2023

In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. in 2023 and 4.3%

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

EazyStock

NOVEMBER 6, 2020

Maintaining cost-effective inventory levels is critical for any manufacturer, wholesaler, supplier or retailer. What are inventory carrying costs? Inventory carrying costs (or inventory holding costs) refer to the overall expenses associated with holding or carrying items of inventory. Capital costs. Capital costs.

Inventory Reduction 40

Inventory Reduction Purchasing Skills Optimal Sourcing Cost Reduction 40

FreightWaves SONAR

JANUARY 5, 2021

Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. The formula is operating costs/operating revenue. Operating Ratio.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

Supply Chain Planning Software 115

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

FreightWaves SONAR

NOVEMBER 9, 2020

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large. The local price is an average of those various prices.

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52

SYSPRO Smarter ERP

AUGUST 1, 2022

For example, in a bakery business, using the right tool with the BOM, the overall capacity of the oven and fridges could be monitored, and improvements as to how best to use ability could be suggested to reduce electricity costs, capacity constraints and workforce. BOM within your ERP.

Optimal Sourcing 111

Optimal Sourcing Manufacturing Procurement Material Savings Inventory Reduction 111

EazyStock

AUGUST 21, 2020

However, holding too much can have a number of negative implications, such as high carrying costs , over-investment in stock and poor cash flow. What are the potential cost savings from inventory reduction? Instead, here are five strategic inventory reduction methods that are certain to drive cost savings.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

Ship Monk

MAY 18, 2023

The simple description for MonkProtect is a post-purchase suite that helps ecommerce brands “stress less and grow more” by helping customers “stress less and buy more.” Our MonkProtect technology provides best-in-class post-purchase protection and extra added benefits.

Purchasing Skills 52

Purchasing Skills Procurement Solutions Supply Chain Design Software eCommerce 52

SYSPRO Smarter ERP

AUGUST 3, 2022

A modern ERP software platform provides this foundation, serving as a central source of truth for financials, operations, and the supply chain — essentially every aspect of a manufacturing or distribution business. As a result, the entire organization gains agility, increases efficiency, and cuts costs.

Optimization Software 105

Optimization Software Supply Chain Software ERP Procurement Solutions 105

FreightWaves SONAR

MARCH 7, 2024

It helps that we have both, but we’ll save that for another blog). And we watch this happen in real time as purchasing decisions, seasonality, weather and macroeconomic impacts create ebbs and flows across our wonderful domestic supply chain. If freight pricing and management were a casino card game, rates would be table stakes.

Capacity 52

Capacity Purchasing Skills Data Supply Chain Software 52

GoShip Blog

JUNE 3, 2022

The purpose of the valuation is to determine the amount that went into purchasing the inventory and to prepare the items for sale. The three methods of calculating inventory value are first-in-first-out (FIFO), last-in-first-out (LIFO), and weighted average cost method (WAC). Cost of items purchased in March= 50 × $12= $600.

Inventory 52

Inventory Purchasing Skills Procurement Solutions Packing 52

GoShip Blog

AUGUST 15, 2022

Inflation has several negative impacts on small businesses, including: Higher production costs: Inflation raises the prices of supplies and labor, leading to an increase in operational costs. However, rising gas prices due to inflation reduce this fluidity and disrupt a business’s supply chain. Raising prices .

Price Reduction 52

Price Reduction Cost Reduction Expense Reduction Material Savings 52

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

SYSPRO Smarter ERP

OCTOBER 11, 2021

Each day these manufacturers manage complex supply chains , carry out highly precise production, and must negotiate a raft of regulations. For example, the manufacturing of pharmaceuticals vs. processing liquid waste in the mining industry. This can be different as well as for the purchasing (e.g. Types of process manufacturing.

Manufacturing Procurement 119

Manufacturing Procurement ERP Supply Chain Planning Software Purchasing Skills 119

EazyStock

MAY 24, 2022

Due to the likelihood of price fluctuations across an accounting period, inventory valuation provides one reference point for accounting purposes. Inventory value appears as a current asset on a company’s balance sheet and forms a key part of the cost of goods sold (COGS) calculation. Inventory value and cost of goods sold.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Purchasing Skills 52

Logistics Bureau

APRIL 3, 2023

Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.

Outsourcing 87

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 87

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

Optimization Software 94

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 94

SYSPRO Smarter ERP

MAY 22, 2023

A sustainable chain involves implementing sustainable practices at each stage of the supply chain, from raw material sourcing and production to transportation, distribution, and end-of-life disposal. For example, ensuring that if a BOM is changed to include recycled material, the change of requirements is seamlessly passed on to suppliers.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 98

Logistics Bureau

NOVEMBER 4, 2019

This speculative post explores the difference between B2B and B2C freight pricing. Should they offer tiered freight-price options like those enjoyed by consumers, and what stops them from doing so? Tiered Freight Pricing in B2C Markets. Are B2B freight providers falling behind? The likelihood is that you did.

Purchasing Skills 48

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 48

Forto

AUGUST 17, 2021

In our last blog post , we have already covered the basics in the area of airfreight. Within this article, we take a closer look at pricing beyond the standard IATA freight rates and shed some light on the various legal frameworks of this air freight. Pricing Beyond the General IATA Freight Rates. Spot Market.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Transportation Freight 52

Freightos

JULY 1, 2015

Same goes for books, groceries, taxis, banking, canoe and even B2B purchases. One tariff with 10 different surcharges and pricing rules is complicated. Prices originate from multiple countries and different agents. They were low-priced, pricing was easier, and parcel shipping was far easier. even IFP.

Blog 72

Blog Freight Eliminating Excel in Purchasing Supply Chain Software 72

GlobalTranz

MARCH 8, 2016

Now, you would think the other larger package is going to incur the higher shipping cost. So how does this change with LTL dimensional pricing? . Essentially, smaller packages should have lower shipping costs than larger packages in LTL shipping, and DIM pricing enables this ideal. Myths of LTL Dimensional Pricing.

Purchasing Skills 52

Purchasing Skills Price Reduction Packaging Cost Reduction 52

3PL Links

MAY 23, 2024

Image source: Public Domain Pictures | The Growth of Cross-Border E-Commerce: Trends and Predictions Over the past few decades, cross-border e-commerce has grown tremendously. This kind of product has gained enormous popularity abroad, and its success serves as an example of industry trends worldwide.

Trends 48

Trends Inventory Reduction Expense Reduction Sourcing Strategies 48

GlobalTranz

JUNE 11, 2015

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System. Today, 97.5%

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Examples Case Study 94

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". Contract Negotiation Enhancing Supplier Relations. For example, in one Indiana case, Tyler Pipe Industries, Inc.

Manufacturing Procurement 85

Manufacturing Procurement Negotiate Pricing Optimal Sourcing Procurement 85

Logistics Viewpoints

DECEMBER 1, 2023

The top gifts were clothes and accessories, which about half of those surveyed purchased, and toys, which nearly a third of people surveyed bought. In other Walmart news, the company is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain.

Supply Chain Planning Software 139

Supply Chain Planning Software Cost Reduction Logistics Network Optimization Software Food and Agriculture 139

SYSPRO Smarter ERP

APRIL 26, 2023

Business processes can be automated to improve workflow, and information can flow automatically between different areas of the business — for example, from customer order, to inventory procurement, to production job scheduling, to invoicing and to warehouse shipment. No manual data entry is needed; this means no duplication of work.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing ERP Supply Chain Design Software 98

GoShip Blog

FEBRUARY 28, 2023

Some examples of CPGs are personal hygiene products, food, beverages, and cosmetics. CPGs often have a limited shelf life since these are goods that we all purchase for immediate use. The 4 Types of CPGs Consumer habits, price, and product characteristics affect how products are categorized. One such example is a Rolls Royce.

Packaging 52

Packaging Manufacturing Procurement Purchasing Skills Buyer Training 52

AIMMS

NOVEMBER 12, 2019

So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. In this blog post, I’ll explore why and offer a helpful alternative. .

Supply Chain Planning Software 101

Supply Chain Planning Software Procurement Solutions Modeling Software Supply Chain Software 101

SYSPRO Smarter ERP

FEBRUARY 21, 2022

In past blogs, we have discussed different types of manufacturing – discrete and process. Discrete manufacturing makes distinct ‘things’, process manufacturing makes ‘stuff’ (for example, fertilizer). For example, different grades of chocolate depending on the percentage of cocoa.

Manufacturing Procurement 116

Manufacturing Procurement ERP Material Savings Inventory Reduction 116