ShipLilly

JUNE 28, 2021

The rate of return for products, otherwise known as reverse logistics, can be mitigated when suppliers work to improve the speed, cost, and efficiency of shipping goods. Suppliers feel the pain of product returns more than most because they handle returns that stem from retail, e-commerce, and wholesale channels.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

Logistics Viewpoints

FEBRUARY 8, 2024

Predictive and prescriptive analytics have emerged as valuable tools that enable warehouse operations managers to streamline processes, minimize costs, and enhance productivity. Slotting Optimization – Product slotting is a complex problem.

Optimization Software 144

Optimization Software Modeling Software Efficiency Inventory Reduction 144

Logistics Business Magazine

FEBRUARY 24, 2022

Research by Inmarsat , a world leader in global, mobile satellite communications, reveals relatively few businesses derive maximum benefit from the IoT data that they gather. Infrequent data collection and lacking an IoT data strategy leaves many businesses surveyed struggling to extract full value from their IoT data.

Waste Reduction 60

Waste Reduction Security Data Supply Chain Planning Software 60

Freightos

APRIL 27, 2023

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Data 62

Data Freight Optimal Sourcing Supply Chain Software 62

EazyStock

DECEMBER 13, 2020

While some businesses and entire industries like hospitality and travel have been shutting down, others like consumer staples, technology and safety products/PPE are thriving like never before. Uncertainty is all but guaranteed in 2021 – the best course of action is to mitigate whatever risks you can. Optimize Inventory.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

FreightWaves SONAR

FEBRUARY 25, 2021

But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Here are a few things managers need to keep in mind when working with real-time freight data for pricing purposes. . Of course, it all depends on the ability to stay strategic. .

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

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. Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed.

Negotiating Skills 89

Negotiating Skills Purchasing Skills Cost Reduction Analysis 89

Logistics Viewpoints

AUGUST 22, 2023

And in the intervening years — as we’ve leveraged real-time data, ML and AI to help countless companies answer the “where’s my truck” question — I’ve continued to underscore that visibility is a foundational technology. That’s when you can course correct in any number of ways that make your business more efficient and your customers happier.

Supply Chain Planning Software 111

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 111

Blue Grace Logistics

NOVEMBER 21, 2023

The decision to opt for frozen products over fresh ones is not just about convenience; it is a calculated strategy to strike a harmonious balance between buyers’ wallets and taste buds. Supply chain professionals in the cold chain space have observed the steady rise of this trend and are ready to heed the call.

Optimal Sourcing 94

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 94

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. It is much better to look before you leap and test against historical data before you deploy. When Standardized Data is not Standardized Data.

Expense Reduction 59

Expense Reduction Cost Reduction Price Reduction Strategy 59

Logistics Viewpoints

JULY 28, 2022

The difficulties are pushing companies to come up with creative strategies that help encourage employees to find on-the-job fulfillment. They can move the goods more efficiently about the warehouse and often more quickly than human workers and aid overall workflow productivity.

Supply Chain Design Software 152

Supply Chain Design Software Sourcing Strategies Supply Chain Software Material Savings 152

Freightos

FEBRUARY 28, 2024

Of course, the economic viability of these types of shipments is limited to specific commodities. While COVID did see some modal shifts of everything from wheat to Peloton exercise bikes, there are certainly products that are less likely candidates for shifts. He’s proven go-to-market and growth leadership across industries.

Negotiating Skills 62

Negotiating Skills Cost Reduction Price Reduction Vendor Strategies 62

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

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. It is much better to look before you leap and test against historical data before you deploy. When Standardized Data is not Standardized Data.

Expense Reduction 48

Expense Reduction Cost Reduction Price Reduction Strategy 48

GlobalTranz

FEBRUARY 23, 2018

Omnichannel, as a word and strategy in retail, is shifting. If a consumer wants to view a product on a smart device while in-store, they are 20-percent more likely to complete the purchase. Connect All Data to Understand Customers’ Shopping Experiences. Mobile technology is a game-changer when approaching unified commerce.

Course 65

Course Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 65

SYSPRO Smarter ERP

APRIL 25, 2022

Assemble-to-order (ATO), also called configure-to-order, is a standard manufacturing process where products are assembled and configured according to customer requirements. A manufacturer stocks up on sub-assemblies and parts and assembles them into the final product according to a set of specifications selected by a customer.

Ordering 111

Ordering Inventory Reduction Material Savings Modeling Software 111

Shipchain

JUNE 25, 2019

We must embrace the possibilities of Big Data, the Internet of things, blockchain technology, predictive analytics, and the growing unrest that these things bring to the industry. The Internet of Things (IoT) serves as a mean for connecting systems together, and Big Data analytics give supply chain leaders insight into granular data.

Supply Chain Software 61

Supply Chain Software Supply Chains Digital Logistics Network Optimization Software 61

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.

Supply Chain Planning Software 89

Supply Chain Planning Software Data Material Savings Manufacturing Procurement 89

Talking Logistics

FEBRUARY 27, 2019

Operational excellence, of course. But beyond that, shippers today also expect their logistics partners to provide them with technology solutions, timely and accurate data, and business intelligence and analytics capabilities. What do shipper’s look for in a logistics partner? What factors are driving these expectations?

Vendor Strategies 60

Vendor Strategies Price Reduction Logistics Network Optimization Software Modeling Software 60

GlobalTranz

FEBRUARY 15, 2017

The Industrial Internet of Things (IIoT) and the Internet of Things (IoT) are similar, but both function on the connection of equipment to the internet and applying data collected to consumer and business needs, including the needs of manufacturers. Robotics that apply data to make decisions and perform actions function through the IoT.

Cost Reduction 74

Cost Reduction Modeling Software Optimization Software Price Reduction 74

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? Amazon did not invent the random storage approach.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

FreightWaves SONAR

NOVEMBER 19, 2020

According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.

Supply Chain Software 105

Supply Chain Software Supply Chains Sourcing Strategies Scenario Planning 105

The Logistics of Logistics

MAY 14, 2018

Over the course of his career, he launched over 30 products and services in industrial B2B and technology markets. 13:58 – Most businesses are adept in dealing with data. Develop strategies for controlling inputs. Podcast Summary: Welcome to the first episode of The Logistics of Logistics podcast! Filling in a capability.

Logistics Network Optimization Software 150

Logistics Network Optimization Software Resource Reduction Logistics Exercises 150

Logistics Viewpoints

OCTOBER 3, 2022

Labor management systems break the work down into very granular activities, set targets for doing those tasks in an allotted period of time, and measure how workers do against the time standards over the course of the day. These solutions were proven to increase productivity significantly. Others burned out and left the profession.

Supply Chain Software 172

Supply Chain Software Supply Chains Sourcing Strategies Optimal Sourcing 172

3PL Links

JANUARY 31, 2023

7 Best Tips for Inventory Management To Avoid Losses | Image source: AR Racking Inventory management is likely the most crucial success component if you sell products through an online store. Imagine launching a successful marketing campaign and seeing sales orders pour in, only to discover that the product is actually out of stock.

Inventory Reduction 62

Inventory Reduction Inventory Tips Expense Reduction 62

Logistics Viewpoints

FEBRUARY 24, 2022

You count the total number of boxes that pass through the warehouse in a day and divide it by the total labor cost to arrive at some approximation of productivity for the location. While, between the lines, two hours of an eight-hour day get “wasted” on non-productive tasks. Getting the Most Out of the Data.

Supply Chain Planning Software 126

Supply Chain Planning Software Waste Reduction Cost Reduction Price Reduction 126

CH Robinson Logistics

JULY 8, 2021

Having the right balance of shipping cost and performance to meet customer expectations while preserving margins requires a supply chain strategy that considers your company, markets, and customers. Developing the right strategy and executing it well has numerous benefits for both you and your customers.

Cost Reduction 62

Cost Reduction Sourcing Strategies Meeting Optimal Sourcing 62

Logistics Bureau

DECEMBER 19, 2022

If you browse through the Logistics Bureau blog, you’ll find at least two or three articles—and about the same number of videos—that cover warehouse product slotting. So here it is—your ultimate guide to warehouse product slotting. What is Product Slotting. As this is an “ultimate” guide, we’ll start with the basics.

Production 92

Production Inventory Reduction Cost Reduction Resource Reduction 92

Forto

JANUARY 10, 2020

This has laid a solid foundation for product innovation. Constant improvements in product quality have helped exporters to hold their own against international competition. Outsourcing production to countries with lower wage levels has also enabled companies to reduce costs. Start Thinking of Challenges as Opportunities.

Cost Reduction 40

Cost Reduction Price Reduction Sourcing Strategies Strategy 40

FreightWaves SONAR

APRIL 29, 2021

The difference has been not only offering products that customers are seeking, but also the impact of scale and supply chain sophistication that many smaller chains could not match. . Using SONAR data in contract negotiations with carriers and 3PLs. . Of course, during that same period, many retailers performed extremely well.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

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.

Supply Chain Planning Software 40

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

3PL Links

FEBRUARY 19, 2024

Let’s examine how the market ended the year, the anticipated course for 2024, and the ever-more-important role that technology plays in this dynamic environment. For instance, the usage of blockchain technology will grow in the supply chain to guarantee product traceability.

Sourcing Strategies 48

Sourcing Strategies Trends Inventory Reduction Logistics Network Optimization Software 48

FreightWaves SONAR

MARCH 4, 2021

That’s where data analytics comes in.” Gaining in-depth insights and current data about the supply chain, load statuses, and consumer demands can make it easier for enterprise sippers to adjust and plan. Thus, modern advances in data collection and analytics have made it significantly easier to automate this process.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

3PL Links

APRIL 23, 2024

The finest relationships for your business are identified by developing decision models based on multiple criteria and accessing useful data through algorithms. Artificial intelligence is being used by enterprises in the modern day to establish more efficient delivery strategies. This makes stock requests easier.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 48

Logistics Bureau

FEBRUARY 6, 2023

2: Using KPIs That Are Not Aligned with Supply Chain Strategy We’ve stated many times in our articles that a supply chain strategy can only succeed when aligned with the overall business strategy. The whole point of KPIs is to show you how effectively your strategy is working by indicating progress toward your strategic goals.

Supply Chain Software 100

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 100

Logistics Bureau

AUGUST 1, 2022

Often, in our experience, the problem is a human one… It’s not the data, not the process, not the technology, or the strategy, but the people. Pundits typically emphasize data and digital technology when proselytising for the S&OP concept. But what makes it so challenging to implement S&OP successfully?

Supply Chain Planning Software 104

Supply Chain Planning Software Scenario Planning Operations Supply Chain Design Software 104

Logistics Bureau

AUGUST 7, 2023

If so, you probably sell products through your online store (and perhaps other websites), social media platforms, and even physical sales outlets. Managing inventory in such a landscape can be challenging due to the complexity of tracking inventory levels across several channels and maintaining accurately synchronised records.

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89