Logistics Viewpoints

JUNE 8, 2022

However, the relationship between variables can shift, making them less reliable indicators in given circumstances. For example, in a recent CNBC interview Ben Bernanke noted that the Federal Reserve likely looked at the unemployment rate and total employment in early 2021 and inferred that there was plenty of slack in the labor market.

Scenario Planning 131

Scenario Planning Analysis Events Purchasing Skills 131

FreightWaves SONAR

JULY 14, 2023

High-frequency data It is a widely accepted truth that data plays an important role in revealing the state of the freight market. Until only a few years ago, using data to make informed decisions in the transportation space had meant extrapolating historical insights to predict probable future conditions. port activity.

Supply Chain Planning Software 52

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Logistics Business Magazine

JULY 1, 2022

Q: Can you give some specific examples? BB: Firstly, there is the potential of digitalization, particularly the growing importance of data- and cloud-based solutions. Our goal is to make our customers’ supply chains fit for the future through intelligent software and transparent data points. Q: Instead…?

Supply Chain Planning Software 57

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Logistics Business Magazine

JUNE 13, 2022

Q: Can you give some specific examples? A: Firstly, there is the potential of digitalisation, particularly the growing importance of data- and cloud-based solutions. Our goal is to make our customers’ supply chains fit for the future through intelligent software and transparent data points. Q: So, what is the focal point?

Supply Chain Planning Software 58

Supply Chain Planning Software Supply Chain Software Modeling Software Procurement Solutions 58

Talking Logistics

JULY 16, 2018

“It’s because the underlying data problem hasn’t been solved,” said Adam. Much of the transportation data coming from carriers is inherently flawed. As that gets passed through to other systems it becomes impossible to rely on the data to understand what’s happening to shipments and when they will arrive. The Value Proposition.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 62

Blue Grace Logistics

JULY 27, 2021

Improving predictability in outcomes is valuable, but ensuring your supply chain is nimble enough to act on the data is even more so. We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. The presence of data throughout the supply chain is vital to its evolution.

Procurement Analytics 62

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Logistics Bureau

APRIL 4, 2022

The answer is to benchmark your freight, of course. However, while it sounds simple in theory, it’s not so straightforward in practice, primarily because it can be challenging to access reliable freight rate information. So how can you be sure you’re getting the best freight rates possible?

Negotiating Skills 82

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Logistics Business Magazine

MARCH 10, 2022

This broader vision of autonomously driving transport vehicles, however, can only be realised with very powerful mobile networks in order to move large amounts of data safely, promptly and efficiently. On the other hand, we will optimise our production with super-fast data transmission technology. Innumerable technological approaches.

Networks 51

Networks Logistics Network Optimization Software Factories Data 51

Logistics at MPEPS at UPV

MAY 24, 2023

I was surprised by the quality-price of the menu (which included starter, main course, dessert and drink) as well as the good service of the staff. In addition, they regularly analyze sales data and trends to optimize their inventory and avoid any wastage. How do they do it in such a competitive sector as the restaurant industry?

Price Reduction 52

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Logistics Viewpoints

MAY 24, 2021

is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for healthcare facilities. Brian Rice, their chief information officer, stated in the annual report that “data is critical to everything we do as a company, and to our future growth.

Optimal Sourcing 83

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Software 83

FreightWaves SONAR

JUNE 30, 2023

Tender acceptance can range from 98% to just 75% over the course of a freight cycle, causing disruptions to supply chains that result in charge-backs, stockouts and lost sales. How bad is the problem for shippers? That certainty builds trust and unlocks further benefits too.

Negotiating Skills 52

Negotiating Skills Supply Chain Planning Software Supply Chain Software Supply Chains 52

Logistics Bureau

OCTOBER 29, 2020

Of course, benchmarks and benchmarking can cover all kinds of different things, at work or elsewhere. Suppose you wanted to be the fastest runner in the world, for example. Good Data is Key to Success with SCOR. Those levels are “benchmarks”. The first thing you’d want to know is “what is the benchmark?”

Supply Chains 79

Supply Chains How To Scenario Planning Cost Reduction 79

Talking Logistics

AUGUST 8, 2017

In today’s post, I’ll share some concrete examples of machine learning applications used today in the context of S&OP. The first example is to use machine learning for improving the results of your promotions and improving sales. Take the Coca Cola company, for example. Machine learning to boost your sales.

Optimal Sourcing 63

Optimal Sourcing Supply Chain Planning Software How To Scenario Planning 63

Ship Monk

NOVEMBER 21, 2022

Using the tea kettle example above, let’s say the maximum number of blue tea kettles you’ve ever sold in one day is 45. Average lead time is 30 days, including manufacturing and shipping, and over the course of a year you sell an average of 29 units per day. Improving Data. Of course, not all systems are created equal.

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

Trinity Logistics

OCTOBER 27, 2023

1: Have Access to Data and Know It The first part of this tip should be simple. Once you’ve found your source, a great tip is to make your own printable data slides or documents that you can have on hand to share as needed. The second part takes a little more work. When we’re unsure, it just means we don’t know enough.

Tips 62

Tips Freight Supply Chain Planning Software Buyer Training 62

Logistics Viewpoints

FEBRUARY 8, 2022

For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. These e-commerce trends are placing increasing pressure on logistics teams to keep up with demand volatility, provide incredibly fast delivery, and reliably fulfill all their promises to customers and consumers.

Optimal Sourcing 113

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 113

Logistics Bureau

OCTOBER 19, 2020

Of course, benchmarks and benchmarking can cover all kinds of different things, at work or elsewhere. Suppose you wanted to be the fastest runner in the world, for example. Good Data is Key to Success with SCOR. Those levels are “benchmarks”. The first thing you’d want to know is “what is the benchmark?”

Supply Chains 62

Supply Chains How To Scenario Planning Cost Reduction 62

Logistics Business Magazine

JUNE 26, 2020

This of course includes Europe and the UK, where the number of companies understanding the productive power and cost efficiency of these platforms is ramping up. Companies naturally need technology that is reliable. Hikrobot, for example, will only release a solution to the market once it has completely verified its stability.

Logistics Network Optimization Software 64

Logistics Network Optimization Software Material Savings Materials Handling Cost Reduction 64

Ship Monk

JULY 27, 2022

We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. Put simply, demand forecasting uses a variety of data to foresee customer demand and inform major business decisions, from launching new products to finding the perfect 3PL partner. What is Demand Forecasting?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

EazyStock

MARCH 22, 2022

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. Use appropriate historical data. Use qualitative data.

Supply Chain Planning Software 52

Supply Chain Planning Software How To Supply Chain Design Software Supply Chain Software 52

GlobalTranz

AUGUST 27, 2018

In essence, that is the heart of Industry 4.0 , a complete synergy between operations, equipment, properties and, of course, the people who spend their time there. Modern systems must retain access to the local network and have a reliable connection — wireless or otherwise. Industry 4.0 also introduces the connectivity component.

Optimization Software 60

Optimization Software Factories Optimization Industry 60

Forto

APRIL 25, 2020

For breathing masks, for example, a rapid test is available to prove conformity with European standards. With FreightHub, you have a reliable partner for transport when importing these items. This coding means that the goods delivered are medical supplies due to the corona situation. Import regulations and duty exemption.

Transportation 52

Transportation Data Multimodal transport Availability 52

Logistics Business Magazine

JULY 28, 2022

Without having an overview of the location and status of inventory, or the ability to forecast customer demand to prepare for a surge in sales, businesses could not react quickly enough and plan the right course of action. For example, the U.S. Mobile barcoding stepped up as a reliable practice during the pandemic.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Software Supply Chains Manufacturing Procurement 64

Locus

MARCH 27, 2024

Take XYZ Retail for example, juggling 100 diverse orders ranging from on-demand to next-day deliveries. By leveraging data on real-time traffic, driver schedules, delivery priorities, and vehicle capacities, retail businesses can carve out the most efficient paths for their fleets.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

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 48

Automation Optimization Software Logistics Network Optimization Software Procurement Solutions 48

Logistics Business Magazine

FEBRUARY 24, 2020

TGW’s hallmarks as the leading intralogistics specialist are its software in conjunction with a high level of planning and project management expertise, a fast and reliable service organisation as part of Lifetime Services and perfectly matched mechatronic components. Intralogistics data in one application.

Modeling Software 36

Modeling Software Logistics Network Optimization Software Digital Workshop 36

Logistics Bureau

AUGUST 7, 2023

Standardise and Digitise The key to managing complexity, of course, is to be organised. 2) A need for variants of products that are more suitable for online ordering and shipping than those suited for in-store sales (leak-proof packaging, for example). Try to establish consistency in the identification of your company’s products.

Inventory Reduction 89

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Logistics Viewpoints

APRIL 10, 2023

For example, pickleball has been the fastest growing sport in America for 3 years. Many Franklin Sports products carry official sports logos – Major League Baseball, NHL, NFL, Major League Soccer logos, and of course USAPA. An example of a branding concept involves the work the company did with Kerri Lee Walsh Jennings.

Supply Chains 119

Supply Chains Security Scenario Planning Manufacturing Procurement 119

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

Logistics Business Magazine

MAY 27, 2020

Reliability was to be created through a more intelligent supply chain with new tools and valid real-time insights. What matters is speed, a complete overview of complex processes, and, of course, a maximum focus on the customer. Process security, reliability, and cost-effectiveness were the focus throughout the entire conception.

Supply Chain Software 36

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Logistics Viewpoints

FEBRUARY 17, 2023

The American and Canadian militaries believe that the balloon was for surveillance, while the Chinese government said it was a civilian meteorological research airship that had blown off course. However, the flight path and structural characteristics made it dissimilar from those which have typically been used for meteorological research.

Supply Chain Planning Software 121

Supply Chain Planning Software Logistics Network Optimization Software Cost Reduction Waste Reduction 121

EazyStock

NOVEMBER 19, 2021

When demand for inventory items is consistent and lead times are reliable, it’s fairly easy to determine safety stock levels that will achieve this. Let’s introduce Mary’s Plumbing Warehouse as an example. In reality, of course, this rarely happens. Time-based safety stock calculations. Time-based safety stock calculations.

How To 52

How To Inventory Reduction Inventory Optimization Modeling 52

Logistics Bureau

MARCH 3, 2019

Of course, it would be possible to write an entire book on this particular subject, so for the sake of keeping this article relatively brief, I’ll stick to a short explanation of crucial factors to consider when planning a warehouse network (even if it is a network of one). How reliable are your suppliers? Think About Inbound Too.

Supply Chain Design Software 98

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Logistics Business Magazine

JANUARY 28, 2021

“We may not be on site at the customers’ premises right now, but we can still support them, for example with our BEUMER Smart Glasses,” says the cement expert. What happens if for example a packaging system in Indonesia or Peru fails? Of course, this is partly due to the enormous overcapacity, especially in China.

Waste Reduction 74

Waste Reduction Material Savings Waste Cost Reduction 74

Logistics at MPEPS at UPV

MARCH 21, 2020

For example, setting a minimum stock or safety stock for the items being sold. Unexpected increase in demand: a clear example of this is the case of an article that unexpectedly becomes fashionable and whose demand far exceeds its availability in stock and the manufacturer’s production capacity. Safety stock: or also called.

Inventory 52

Inventory Supply Chain Planning Software Manufacturing Procurement Scenario Planning 52

Talking Logistics

OCTOBER 15, 2018

Collaboration on product lifecycle management (PLM) data can provide advantages during initial costing and material acquisition. For example, if the brand defines target production capacity for each style in the collection, material suppliers can anticipate their production orders for each month or quarter.

Inventory Reduction 60

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

EazyStock

JANUARY 27, 2021

Hardware is one prime example; we don’t have drones delivering packages quite yet, but robots can be found within warehouses such as Amazon. But eCommerce is more than just having a website for shoppers to peruse – it includes speedy and reliable order fulfillment. Focus on eCommerce. trillion by 2023.

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Supply Chain Software Supply Chain Planning Software Inventory Reduction Supply Chains 96