Ship Monk

APRIL 5, 2024

The process involves collecting quantitative and qualitative data concerning vendor-provided goods and services, and analyzing this data for opportunities to improve (or reasons to end) the relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. If so, good on you!

Negotiate Pricing 85

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 85

SYSPRO Smarter ERP

DECEMBER 6, 2021

As industries evolve the distance between the worker and the job has grown, for example back in the day the worker had one tool between them and the task. For example, chatbots are now able to enhance human abilities, using AI to serve as an advisor or support to help maintain efficiencies within the organization.

Buyer Training 105

Buyer Training Factories Digital Training 105

SYSPRO Smarter ERP

JUNE 27, 2022

Of course, robotics does not tell the full story, as the world of manufacturing has evolved even further over the last few decades, with the rise of data and smart, autonomous systems. According to Indeed.com , that broad skills set should include digital fluency, big data analytics and even knowledge around technologies such as ERP.

Buyer Training 105

Buyer Training Factories Supply Chain Design Software Meeting 105

Logistics Business Magazine

MAY 27, 2020

What matters is speed, a complete overview of complex processes, and, of course, a maximum focus on the customer. All acquisition components were linked to one another using standard software to enable a simple and stable data connection. The post RFID Case Study: Can a Supply Chain be Digitised?

Supply Chain Software 36

Supply Chain Software RFID Case Study Supply Chains 36

Logistics Viewpoints

JULY 14, 2021

I am wrapping up my Transportation Management Systems market study which looks at the total size of the market, the forecasted growth through 2025, and the leading suppliers across a number of categories including industry, region, and customer size. The study includes a holistic view of the TMS outlook. E-Commerce Continues to Surge.

Optimization Software 153

Optimization Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 153

Logistics Bureau

OCTOBER 9, 2023

Quality and Detail of Data and its Analysis In some of our earlier posts, we’ve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It would be folly not to take advantage of data availability and accessibility.

Supply Chain Design Software 90

Supply Chain Design Software Supply Chain Design Distribution Networks 90

Material Handling and Logistics

JULY 11, 2018

Kearney study. Kearney partner and co-author of the study. Kearney principal and co-author of the study. Study Findings. For example, China accounted for more than $40 billion of the import growth in 2017, led by a $22 billion year-over-year increase in electronics imports, even as the U.S.

Study 99

Study Trends Examples Course 99

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

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. One study shows that one in three companies in the United States has jobs that are taking nine to 12 months to fill. For example, you can be doing finance in supply chain, or you can be doing operations.

Supply Chain Planning Software 115

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

Globalior

JULY 25, 2020

Training can be conducted in several ways: Traditional face to face trainings Webinars Click through courses Video series Reading material disseminated through emails A mix of methods is usually recommended, but implemented in a structured way such as: Start with traditional face to face trainings to the target audience.

Compliance 52

Compliance Training Case Study Study 52

Logistics Business Magazine

MARCH 30, 2022

Sitma has always kept a close eye on sustainability and has been leading the way in studying solutions to reduce the environmental impact deriving from the use of its machines. However, the company wanted to go a step further and look for tools able to provide objective data and values.

Packaging 54

Packaging Supply Chain Software Material Savings Logistics Network Optimization Software 54

Logistics Bureau

APRIL 12, 2021

For that reason, companies will usually establish one warehouse on the east coast and another on the west coast, depending, of course, on the service offer. You don’t need to do a months-long study with specialist tools to work that one out. You don’t have to launch into something very data-intensive. Detailed Study.

Supply Chain Design Software 68

Supply Chain Design Software Supply Chain Design Distribution Networks 68

Material Handling and Logistics

OCTOBER 30, 2018

In a recent Forrester study, they found the problem to be poor quality data. Digitization is your friend, but quality data is your foundation. It’s easy to get caught up in new innovations like AI, but the success stories are lacking due to one major problem: foundation! Believe in Darwin (change is a good thing).

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

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

CH Robinson Logistics

JUNE 16, 2021

Computing power began as behemoths sitting in data centers and is now everywhere including our pockets, desks, vehicles, appliances, etc. million percent increase* in data over the past 25 years, technology is driving change in every facet of our business, at speed and at scale. exabytes of data was produced. Amplified by a 2.9

Supply Chain Planning Software 62

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software White Paper 62

Logistics Viewpoints

JANUARY 31, 2022

A press release from October of 2021 stated that solutions sold by the Group over the course of one year result in the avoidance of around 1,300 million tons of CO2 emissions over those product’s lifespan. and Data Science. The Coupa tool provides a much more efficient way to conduct cost saving/sustainability studies.

Material Savings 125

Material Savings Cost Reduction Price Reduction Expense Reduction 125

Logistics Bureau

APRIL 19, 2021

It would, of course, be what the winning time was when this race was last run in your district. If, for example, you are concerned about the pick rates in your warehouse, or your transport costs, or your inventory accuracy, benchmarking can help you because it can show you exactly where your performance is compared to others in your industry.

Supply Chains 118

Supply Chains Exercises Picking Cost Reduction 118

Bringg

MARCH 24, 2021

Studying the market is vital at this phase. A good example of such a strategic decision could be choosing a warehouse’s location. When you have a particularly large supply chain network, with multiple third party teams and partners, data can too easily become siloed. Use data to reduce costs & properly forecast.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

Talking Logistics

SEPTEMBER 24, 2018

While real-time inventory visibility might not be necessary at every node (in some cases, hourly or daily updates might be sufficient), the more real-time visibility you have, the more effective you’ll be at making smarter decisions faster — assuming the data is accurate, of course (more on inventory accuracy later in the report).

Optimal Sourcing 76

Optimal Sourcing Inventory Nodes Manufacturing Procurement 76

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

GlobalTranz

JUNE 16, 2015

Throughout the course of business, business owners, who may be in the manufacturing, retail, or in another industry, find themselves focusing on innovation. In fact, the annual ChainLink Research Study found innovation to be the top focus for those involved in the manufacturing community.

Manufacturing Procurement 101

Manufacturing Procurement Purchasing Skills Price Reduction Supply Chain Design Software 101

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

NOVEMBER 20, 2023

Whether that is the case or not, a brief study of the origins and progression of fleet route optimisation, covering the last three decades or so and looking forward to the near future, highlights in a spectacular way how technology, in particular, has revolutionised the business of logistics. Let’s take a brief look at some of them.

Presentation 79

Presentation Optimization Software Logistics Network Optimization Software Optimal Sourcing 79

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

Talking Logistics

OCTOBER 30, 2018

Using a hypothetical annual transportation spend of $40 million as an example, with a tender turndown rate of 25%, $10 million worth of freight must be moved at premium pricing on the spot market. As part of a blind study performed by UltraShipTMS, data was culled from three discrete shippers who’d been using this strategy and tool.

Optimization Software 60

Optimization Software Supply Chain Software Material Savings Logistics Network Optimization Software 60

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 Viewpoints

FEBRUARY 8, 2022

For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. As just one example, Nike’s online sales grew by 75% in 2020 — but its profit margins fell from 45.5% The study projects a risk-adjusted $31.2 due to the higher costs associated with online selling.

Optimal Sourcing 112

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

World Food Programme Logistics

JUNE 4, 2019

Those efforts were recognised in a recent price comparison study by leading global information company Nielsen, which found that WFP-contracted shops are 5.83 Food safety Finally, WFP runs a series of food safety courses for its 450 shop keepers and their staff. There is a lofty goal behind the food safety courses?—?#ZeroHunger.

Temperature 40

Temperature Purchasing Skills Negotiating Skills Price Reduction 40

Freightos

OCTOBER 26, 2020

The shift to full end-to-end integration, of course, leaves no one else in the middle. The first is size , of course, with Maersk running over 17% of global ocean capacity , but also selling land-services to just under 20% of those same customers. A Maersk ocean liner generates some 2 GB a of data per day.

Logistics Network Optimization Software 115

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Price Reduction 115

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. According to a study by The Insight Partners , the global 4PL market was valued in terms of revenue at $56,472.1

4PL 116

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

Blue Grace Logistics

JULY 20, 2022

Studies have shown that effective project planning leads to improved performance. For example, you may think you need five people, but find out that you need ten. For example, if we are missing a step or the timeline has been pushed, communicate how and why the timeline was pushed. It ensures that no details are overlooked.

3PL 62

3PL Supply Chain Planning Software Document Scenario Planning 62

Logistics Viewpoints

MARCH 21, 2021

We need problem solvers, people that can work with data from a data analytics perspective. The skills enhancement program, dubbed Strategic Capabilities Planning, will include a mix of internally supply chain programs, systems education and external APICS courses – APICS is now part of the Association for Supply Chain Management.

Supply Chain Planning Software 144

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 144

Logistics Bureau

APRIL 21, 2020

Just to give some idea of what they are facing, these are some of the demands major broadband providers such as China Telecom, Comcast, Time Warner Cable, and Verizon have to contend with due to complete or partial lockdowns of citizens ordered by various governments: Children studying online as part of home schooling.

Ordering 62

Ordering Supply Chain Planning Software Resource Reduction Video 62

GlobalTranz

NOVEMBER 13, 2017

She gives an example: Amazon’s ability to deliver packages to a person’s door in under two hours. Its 2016 Logistics Trend Radar report suggests that big data and automated supply chains could lead to previously unimaginable levels of optimization. Young’s example of robot workers involves a company previously mentioned: Amazon.

Transportation 70

Transportation Optimization Software Supply Chain Software Supply Chain Planning Software 70

Turvo

JUNE 10, 2020

The study found that 41% of respondents were investing in automation at a faster clip in response to the crisis, with another 43% of business leaders saying they will speed up investments in digital and technology once some normality has returned. Consider this example. Take another example.

Supply Chain Planning Software 53

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 53

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%. In fact, studies show that the more expensive your product or purchase type (such as a subscription), the more visits they will make before purchasing. Even when done well, it’s a miserably low rate.

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

The Logistics Academy

APRIL 18, 2018

The World Bank’s BridgeIT project in Tanzania , for example, provides access to digital video content in classrooms “on demand” via mobile phone technology. At its core, blockchain is an algorithm and distributed data structure that enables decentralized verification of any transaction, so that it is “hacker-proof.” Blockchain.

Modeling Software 61

Modeling Software Logistics Network Optimization Software Cost Reduction Waste Reduction 61