Logistics Bureau

OCTOBER 20, 2021

You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supply chain organisation. These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.”

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals.

Supply Chain Planning Software 115

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

GlobalTranz

NOVEMBER 18, 2016

Big data applications are already impacting supply chain entities around the globe, but some of its most interesting possibilities may have yet to be realized. However, the current progression of big data does give rise to some very tangible benefits to your company within the next five years. 6 Benefits to Using Big Data Applications.

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Supply Chain Planning Software Data Material Savings Manufacturing Procurement 89

Logistics Viewpoints

MARCH 20, 2023

This January the company reported that its annual recurring revenue grew at over 84% year-over-year. Data is stored just like you might sketch ideas on a whiteboard. Those insights are driven from data connections across the vast amounts of data these companies have access to. billion after a funding round.

Supply Chain Planning Software 125

Supply Chain Planning Software Modeling Software Procurement Solutions Supply Chain Software 125

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality. The definition of this metric is similar to the way it sounds.

Procurement Analytics 99

Procurement Analytics Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 99

Logistics Viewpoints

MAY 25, 2022

Of course, change is always occurring. Brian provided some specific omni-channel examples with easy to envision benefits. The ability for a consumer to buy an item online, then come into the store and add to that transaction or to exchange the online purchase at the store. The topic of change is certainly as relevant as ever.

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Conference Supply Chain Planning Software Optimization Software Scenario Planning 104

The Logistics Academy

OCTOBER 18, 2017

As global supply chains become more complex and customers more demanding, the race is on to develop software applications that can effectively manage and make sense of the zettabytes of data being generated by our digital world. Of course, capturing the data and then using it to make good decisions are two entirely different things.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 40

Logistics Business Magazine

APRIL 24, 2019

For example, AI can enhance risk mitigation by analysing large sets of data, continuously identifying evolving patterns, and predicting disruptive events along with potential resolutions.”. Advanced Analytics. Advanced analytics are not new, but their impact on today’s supply chains are significant,” said Mr Titze.

Supply Chain Planning Software 32

Supply Chain Planning Software Supply Chain Software Supply Chain Technology Logistics Network Optimization Software 32

SYSPRO Smarter ERP

NOVEMBER 3, 2021

can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES). Freight bill accuracy : Whether shipping from factory to warehouse, or to the customer, this metric helps identify problems in billing operations.

Manufacturing Procurement 105

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

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. Are Your Profit Margins Declining?

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Negotiating Skills Purchasing Skills Cost Reduction Analysis 89

Freightos

MARCH 23, 2016

Here at Freightos, we’re big fans of making global logistics work better by bringing data online (and especially instant freight quotes!). And, like many other logistics startups , we’re particularly enthusiastic about how Big Data can change the way goods are moved around the world. Getting Smart With Logistics Big Data.

Data 48

Data Logistics Network Optimization Software Supply Chain Software Modeling Software 48

Ship Monk

FEBRUARY 3, 2024

These people are genuinely interested in your product — so much so, that they have purchased your products. Your products are different, your sales cycle might be longer or shorter, your customers are different — so it’s useless to compare your conversion rate, for example, to an industry average.

eCommerce 81

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 81

Blue Grace Logistics

JULY 21, 2020

It’s about understanding why key stakeholders which should include, vendors, purchasing, customer service, sales, are making the decisions that they do and how those decisions affect your supply chain. The data and analytics gathered during the measure phase is instrumental to a proper understanding of your operations.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Cost Reduction Supply Chain Software 62

Freightos

JULY 26, 2018

These examples are from retail, but I sense that the same customer empowerment phenomenon is happening broadly across everything we do at Amazon and most other industries as well. Amazon is at the nexus of ecommerce, data, and logistics, with a drive to constantly improve their logistics network. Amazon Fulfillment. billion to $21.7

Logistics Network Optimization Software 53

Logistics Network Optimization Software Data Supply Chain Planning Software Manufacturing Procurement 53

GlobalTranz

FEBRUARY 25, 2021

For example, the reverse logistics process includes the management and the sale of surplus as well as returned equipment and machines from the hardware leasing business. Customers expect to return products in the same way they purchased them, so it is not always as simple as just returning to a store.

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Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

Logistics Viewpoints

FEBRUARY 8, 2022

As physical stores opened, shut down and re-opened again, consumers became more flexible in the way they shop for, and purchase, just about every product. According to a recent article in Forbes , 48% of consumers today prefer a hybrid shopping model that combines online and in-store components.

Optimal Sourcing 112

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 112

ShipLilly

DECEMBER 7, 2022

Indeed, the pandemic shift towards online purchases is now being reversed. Of course, that expectation could only hold if the upward trend in e-Commerce continued. Data released by the Bank of America suggests this pattern is reflected elsewhere in industries. The appraiser IBA shows data supports this trend.

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Purchasing Skills Procurement Analytics Trends Manufacturing Procurement 52

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. Conversely, just 8% of businesses with less capable supply chains report above-average growth. Walmart may be the most famous example of a company that has succeeded primarily because of a well-developed and aligned supply chain strategy.

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Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 122

Logistics Bureau

NOVEMBER 6, 2023

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. For example, could some areas of your warehouse be adapted via racking optimisation to store higher inventory volumes?

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

Logistics Bureau

JANUARY 9, 2019

Of course, it is helpful to have some statistics on hand to validate the statement above. Conversely, just 8% of businesses with less capable supply chains report above-average growth. Walmart may be the most famous example of a company that has succeeded primarily because of a well-developed and aligned supply chain strategy.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

EazyStock

DECEMBER 13, 2020

Uncertainty is all but guaranteed in 2021 – the best course of action is to mitigate whatever risks you can. Maybe you need to diversify your supplier network to cover any supplier closures or increased logistical/delivery costs. Maybe you need to minimize your excess stock to free up working capital to cover incoming costs.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Logistics Bureau

AUGUST 7, 2023

Standardise and Digitise The key to managing complexity, of course, is to be organised. Inventory Availability and Cost: Striking a Balance It’s rarely a good idea to think too lean in ecommerce inventory management. So what can you do to ensure your inventory management meets the challenge of multichannel sales?

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89

Locus

MARCH 27, 2024

Instead of every order piling onto the delivery system, customers become willing participants in the logistics chain, picking up their purchases at their convenience. Take XYZ Retail for example, juggling 100 diverse orders ranging from on-demand to next-day deliveries. This is where the magic of optimal routing comes into play.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

GlobalTranz

JULY 14, 2015

At its core, the IoT serves as a way of gathering data and information about a process, but applications of the IoT can detect potential problems within a machine before the machine falters. For example, a subtle change in hydraulic pressure may still permit the machine to operate. Automated Data Transfers.

Supply Chain Software 103

Supply Chain Software Supply Chains Manufacturing Procurement Scenario Planning 103

Logistics Marketing Advisors

JUNE 20, 2018

Those letters are short for General Data Protection Regulation – a law created by the European Union (EU) to give its citizens the ability to protect their personal data and online privacy. Communication is a two-way street, of course. If an honest assessment points more to the latter, now is a good time to course correct.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Logistics Network Optimization Software Compliance 40

Logistics Business Magazine

FEBRUARY 10, 2023

Meanwhile, data from the BRC indicates that physical stores received their highest footfall since the beginning of the COVID-19 pandemic, with retailers benefiting from offering in-store pickup of online orders. However, it’s essential to note that there is no one-size-fits-all automation solution to a warehouse’s demand pressures.

Automation 47

Automation Optimization Software Logistics Network Optimization Software Procurement Solutions 47

GlobalTranz

MARCH 23, 2016

Use Pareto’s 80/20 principle to prioritize both negative and positive feedback from your customers and employees and continuously improve daily based on this data. These metrics would, of course, be aligned and are updated every hour. Specific metrics: process metrics and outcome metrics. It takes years.

Manufacturing Procurement 54

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 54

EazyStock

APRIL 23, 2019

Can you give examples of processes or tasks you help to automate? . EazyStock is a system that calculates forecasts and purchasing parameters and automatically classifies and categorizes all items based on their current behavior. And it’s of course fun and rewarding to be able to help those who are really in trouble.

Automation 49

Automation Optimization Software Eliminating Excel in Purchasing Inventory Reduction 49

Talking Logistics

OCTOBER 15, 2018

Especially since many retailers have already purchased and shipped their goods ahead of the looming tariff changes. Recent industry reports detail the plight of retailers who aren’t utilizing agile inventory management to their best advantage.

Inventory Reduction 60

Inventory Reduction Inventory Supply Chain Planning Software Logistics Network Optimization Software 60

Logistics Bureau

JANUARY 1, 2018

Of course, it can also open new opportunities for tomorrow. The following are examples. A key example is the expert system. This AI tool is based on data and rules. With more data and greater processing power now available, computers that learn by themselves have become more feasible. Hard to plan for demand.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Software Supply Chains Modeling Software 64

EazyStock

APRIL 23, 2019

Can you give examples of processes or tasks you help to automate? . EazyStock is a system that calculates forecasts and purchasing parameters and automatically classifies and categorizes all items based on their current behavior. And it’s of course fun and rewarding to be able to help those who are really in trouble.

Automation 40

Automation Optimization Software Eliminating Excel in Purchasing Inventory Reduction 40

Talking Logistics

FEBRUARY 9, 2018

Dubai and HERE Technologies to develop data infrastructure for driverless transportation. Manhattan Associates Reports Fourth Quarter and Full Year 2017 Performance. This year, a cascade of online purchases the weekend after Thanksgiving swamped delivery companies,” reported The New York Times in December.

Supply Chain Design Software 62

Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software Supply Chain Design 62

Ship Monk

OCTOBER 17, 2022

This neutral third party acts as the admin and point person for managing the ins and outs of your 3PL order fulfillment situation, as well as all other supply chain partners you may work with (for example manufacturers, freight forwarders, outsourced customer service teams, etc.). 5PL (Fifth-Party Logistics) Order Fulfillment.

eCommerce 78

eCommerce 3PL Logistics Network Optimization Software Supply Chain Design Software 78

Ship Monk

AUGUST 30, 2023

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. You can also track conversion rates for other actions you want customers to take, such as email signups or social followers, but an ecommerce conversion rate commonly tracks those that result in a purchase.)

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.

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Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 156

Freightos

FEBRUARY 16, 2020

The US-China trade war is another troubling example of how unexpected disruption can impact global trade and SMBs’ ability to compete. . Tariffs of course have impacted enterprise US businesses in tangible ways including higher costs to purchase imported goods and reductions in US manufacturing.

Supply Chain Software 71

Supply Chain Software Supply Chains Purchasing Skills Manufacturing Procurement 71

Ship Monk

AUGUST 8, 2023

The MonkProtect post-purchase suite also includes a branded tracking page, so participating customers don’t have to go to a carrier’s website to track their orders. Centralize customer interaction data. Product reviews and post-purchase satisfaction surveys are also good sources, as long as someone is reading them. Be available.

Ordering 52

Ordering Logistics Network Optimization Software Purchasing Skills Material Savings 52