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

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. For example, you could reduce human labour by deploying robotic equipment or other forms of direct automation.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

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. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Sea Change—A Supply Chain Career is now seen as ‘Cool’.

Supply Chain Planning Software 115

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

Logistics Bureau

JULY 10, 2018

The demand-driven SCM concept therefor uses actual demand instead of error-prone forecasts to drive replenishment.” This means for example, that marketing-campaign planning involves manufacturing and procurement functions, to ensure preparedness for an uptick in product demand. The Risks of Information-Sharing.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Design Software Inventory Reduction Supply Chain Software 48

Logistics Viewpoints

APRIL 7, 2022

As an example, a major retailer whose market presence is in the Americas realized that several of their shipments that originate in China pass through Russia to make their way to the west and are now subject to shipment backlogs. Some may have believed themselves to be immune at one point, but now their perspective is shifting.

Supply Chain Design Software 143

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 143

GlobalTranz

DECEMBER 1, 2017

It does increase space, but it could lead to severe aisle congestion and unexpected delays during the putaway and replenishment process. Furthermore, use data from your existing WMS to compare the opportunities and risks from making such changes. Implement Waveless Picking Strategies. Reduce Travel Time.

Cost Reduction 60

Cost Reduction Waste Reduction Distribution Inventory Reduction 60

The Logistics Academy

JUNE 29, 2017

Every day, more data than we can imagine zings across that global conduit we call the Internet. Much of that data comes directly from devices, without human intervention. Drivers carry cell phones in their cars to feed GPS locations to a traffic information and navigation service, which uses the data to detect congestion.

Supply Chain Planning Software 40

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

Logistics Bureau

DECEMBER 4, 2023

The answer depends, of course, on your company’s objectives and, particularly, on your customer service promises. It’s a random approach in which, for example, a consignment of electric blenders might find a home in a storage location between bottles of shampoo on one side, and dog collars on the other.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

SYSPRO Smarter ERP

NOVEMBER 3, 2021

They are used to measure how effectively the warehouse processes of receiving, replenishment, fulfilment and shipping perform. Manufacturers need to set a base level using internal data and then measure the percentage change up or down against time.

Manufacturing Procurement 105

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

Logistics Business Magazine

JANUARY 31, 2022

Built to manage all national storage, dispatch and replenishment operations, the dedicated Mars Wrigley facility is highly automated to optimise warehouse operations in a resilient and robust way, so as to accommodate for current and forecast future demand growth. Streamlining DC Operations.

Supply Chain Design Software 53

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Cost Reduction 53

Logistics Viewpoints

APRIL 19, 2023

Second, what is autonomous planning in supply chain, and what are some practical examples? These decisions are made in a synchronized manner, using real-time or near real-time data, AI/ML and optimization technology, while having the humans setting the goals and managing the parameters. Below are some key points from our discussion.

Supply Chain Planning Software 132

Supply Chain Planning Software Optimal Sourcing Scenario Planning Manufacturing Procurement 132

Logistics Bureau

DECEMBER 19, 2022

Slotting a warehouse product is the same, for example, as placing your umbrella close to your front door at home, so it’s easy to pick it up and run when it’s raining, and you’re late for work. Slotting Increases Replenishment Efficiency. Productivity improvements in picking, replenishment, and put-away. Pretty good, right?

Production 92

Production Inventory Reduction Cost Reduction Resource Reduction 92

Logistics Viewpoints

MARCH 4, 2021

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. Planners spend their precious time collecting and synthesizing the data to drive insights.

Supply Chain Planning Software 157

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 157

Trinity Logistics

JUNE 6, 2022

For example, the life expectancy of truck drivers is 16 years less than those of other working professions. Of course, you don’t have to give those kinds of foods up completely; just reduce your intake of them. Maintaining a good diet for truck drivers can be hard to do while having fast-paced schedules. Does it love me?

Trucking 89

Trucking Tips Refrigeration Scenario Planning 89

Ship Monk

APRIL 30, 2024

How quickly do you need to restock, how should you split your inventory across multiple locations , and of course what kind of inventory ordering system best suits your brand? That inventory data needs to be fully transparent, super accessible within the platform, and easy to digest. How much do I order?

Supply Chain Design Software 61

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 61

247 Customs Broker

JANUARY 4, 2019

At grocery delivery service Instacart, a data science team reviews historical data to most efficiently route its shoppers through stores. And, of course, they lack drivers who need to be paid. Most retailers determine their replenishment system based on their ability to build a reasonably accurate demand profile, Bolumole says.

Logistics Network Optimization Software 28

Logistics Network Optimization Software Supply Chain Planning Software Expense Reduction Inventory Reduction 28

Logistics Bureau

OCTOBER 10, 2022

For example, you can optimise for cost, profit, or service, but not for all of them. For example, inaccurate forecasts typically lead to: Overstocking — a problem that ties up working capital and can lead to inventory obsolescence. Ignoring the presence of forecast biases which skew replenishment patterns. 3: Supplier Lead Time.

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

Material Handling and Logistics

AUGUST 31, 2018

The solutions to supply chain problems boil down to the right combination of three factors—technology, data and processes. Fundamentally, the solutions to supply chain woes boil down to the right combination of three factors—technology, data and processes. Data is a critical business asset. Trouble finding skilled labor”.

Supply Chain Design Software 145

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 145

Conger

MAY 11, 2022

AGVs are automated material handling equipment that follows predefined paths with limited ability to make real-time corrections to its course. AMRs are automated material handling equipment that use digital maps or sensors to navigate its environment, while being able to make real-time course correction. When Were AGVs Invented?

Modeling Software 59

Modeling Software Inventory Reduction Cost Reduction Material Savings 59

247 Customs Broker

APRIL 6, 2018

Sure, every facility has plans, like min/max levels for SKUs, replenishment schedules and maybe even some local labor planning to assess if a distribution center can meet a peak season rush. The trick, of course, is how to make S&OP more effective, and thus more beneficial to managers in the trenches.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Software 28

FreightWaves SONAR

DECEMBER 11, 2020

An intimate relationship exists between truckload providers and ocean import market data. Fortunately, it’s easier than ever for truckload providers to lower detention and demurrage risk with these uses of ocean import data. Improve replenishment planning with access to ocean import data. That one is the simplest of all.

Data 59

Data Supply Chain Planning Software Supply Chain Software Optimization Software 59

Logistics Bureau

JULY 18, 2022

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. Once you have gathered the data relating to your customers’ needs, you should be able to see if a single logistics strategy will work for your entire customer base, or whether you need to take a segmented approach.

Inventory Reduction 106

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 106

Logistics Bureau

SEPTEMBER 28, 2020

The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. The best example of a 4PL model is Amazon.com. 4) Industry. Amazon: A Hard 4PL Act to Follow.

4PL 116

4PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software 116

Material Handling and Logistics

AUGUST 31, 2018

The solutions to supply chain problems boil down to the right combination of three factors—technology, data and processes. Fundamentally, the solutions to supply chain woes boil down to the right combination of three factors—technology, data and processes. Data is a critical business asset. Trouble finding skilled labor”.

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 60

Logistics Bureau

DECEMBER 20, 2021

Inventory Turns: An Illustrative Example. Here’s an example of the total calculation of inventory turns: Company A has COGS of $315 million for the year 2020. So to return to Company A in the previous example, the calculation would be as follows: 365/6.76 = 53.99. 7: Backorder Rate.

Inventory Reduction 92

Inventory Reduction Inventory Cost Reduction Purchasing Skills 92

Forto

JUNE 19, 2020

Traders should always consider LCL transport when the quantity of goods ordered in Asia, for example, is too small to fill a 40-foot freight container (FCL = Full Container Load ), or when replenishment is urgently needed but the supplier can only deliver part of the ordered quantity.

Transportation 52

Transportation Document Ordering Replenishment 52

World Food Programme Logistics

MAY 6, 2020

Podcast: How innovations are WFP’s allies in the fight against coronavirus World Food Programme techies and creatives are looking at ways to beat the pandemic and feed 100 million people in 80 countries A woman waits to replenish her SCOPE card. A WFP e-Shop in Mogadishu.

Buyer Training 52

Buyer Training Training Logistics Network Optimization Software Security 52

247 Customs Broker

APRIL 5, 2018

Gilmore Says… In a great example of the balance in this book, Sheffi notes the actual evidence of consumer preference for Green products is tenuous at best. In fact, after reading Sheffi’s examples, I’m surprised more companies haven’t been forced to be zealous advocates.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 28

247 Customs Broker

APRIL 23, 2018

Walmart, for example, has been testing bots that roam the sales floor scanning shelves in 50 of its stores. “Workers take the pallets off a truck, move them to a storage area, and then have the big robots bring those pallets to a replenishment station where workers put items onto shelves,” Rongley says.

Supply Chain Design Software 28

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 28

247 Customs Broker

APRIL 19, 2018

An off-cited analysis from McKinsey in late 2017, for example, found automation could destroy as many as 73 million US jobs by 2030, about one third of all jobs in the country. For example, in a story I remembered that we ran in 2014, a company called Parkdale Mills had recently re-opened a factory near Gaffney, SC that now produces 2.5

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Supply Chain Design 28

Automotive Logistics

JUNE 28, 2018

The German company was set up in 2016 with the explicit mission of improving truck utilisation via the use of advanced data intelligence and a new business model it refers to as the ‘intelligent trucking network’. We trained our algorithm with this data as the foundation. With every order, the algorithm learns more.

Supply Chain Planning Software 42

Supply Chain Planning Software Modeling Software Optimization Software Logistics Network Optimization Software 42

Material Handling and Logistics

OCTOBER 26, 2018

In recent years, firms both large and small have launched new “Data Science” or similarly named groups. As the phenomenon of Big Data has taken hold in the private sector, many firms which as recently as 10 years ago devoted minimal resources to large scale database mining and analytics have reversed course.

Supply Chain Design Software 89

Supply Chain Design Software Supply Chain Software Inventory Reduction Supply Chain Planning Software 89