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. Book your free consultation.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

Talking Logistics

OCTOBER 30, 2018

The strategy involves leveraging a competitive bidding process or reverse auction for the most expensive type of freight movement – spot market/expedited freight. Thankfully, we don’t have to rely on hypotheticals to prove the concept because there is actual hard data revealing just how well these tools and strategies perform.

Optimization Software 60

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

IoT World Today

AUGUST 26, 2019

Of course, the Internet of Things and the broader field of artificial intelligence have a host of potential supply chain applications. . A recent study from BCG reports the problem is especially acute for produce. In all, 46% of total produce is lost each year, according to BCG. In all, it estimates some 1.6

Waste Reduction 107

Waste Reduction Waste Logistics Network Optimization Software Modeling Software 107

AIMMS

OCTOBER 1, 2019

Prescriptive Analytics platforms , as defined by Gartner , “primarily focus on creating optimization solutions,” providing “data prep, prescriptive model building, model management and model deployment in various business processes.” More investment in data science . Spreadsheets are prone to error.

Optimal Sourcing 104

Optimal Sourcing Supply Chain Planning Software Optimization Software Modeling Software 104

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. Mini Case Study: Walmart.

Supply Chain Design Software 122

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

Turvo

JUNE 12, 2020

It rests in understanding the value of collaborative logistics , including the causes of shrinking profit margins in freight brokerages, how analytics and data allow Freight Brokers to measure and improve the health of their business, and immense opportunities to apply analytics, drive collaboration, and lower freight costs for customers.

Cost Reduction 53

Cost Reduction Expense Reduction Resource Reduction Supply Chain Planning Software 53

Ship Monk

MAY 20, 2021

In fact, studies show that business plans boost future growth and performance by as much as 30%! Of course, we couldn’t let our entrepreneurial free spirits miss out on those numbers. In addition to understanding your market, try to contextualize it as much as possible with historical trends and stone cold data.

How To 63

How To Price Reduction Course Analysis 63

SYSPRO Smarter ERP

NOVEMBER 17, 2021

With a solid business strategy, and a strong foundation of knowledge, you can determine the best course of action for your manufacturing business and take advantage of an ERP system to streamline business processes and maximize profitability. MYTH: Price is the most important selection criteria when choosing an ERP.

ERP 105

ERP Modeling Software Tips Procurement Solutions 105

World Food Programme Logistics

JUNE 4, 2019

are the core of WFP’s retail engagement strategy. 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. Those changes?—?made

Temperature 40

Temperature Purchasing Skills Negotiating Skills Price Reduction 40

Logistics Bureau

JANUARY 9, 2019

Of course, it is helpful to have some statistics on hand to validate the statement above. Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. Mini Case Study: Walmart.

Supply Chain Design Software 118

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

AIMMS

OCTOBER 1, 2019

Prescriptive Analytics platforms , as defined by Gartner , “primarily focus on creating optimization solutions,” providing “data prep, prescriptive model building, model management and model deployment in various business processes.” More investment in data science . Spreadsheets are prone to error.

Optimal Sourcing 83

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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 in War

DECEMBER 2, 2019

I have been extremely fortunate to interview a range of senior military officers and public servants through the course of academic research in 2017. Strategy is a concept of relating means to end; it is complex and subtle and is about thinking, vision, learning as opposed to planning. Strategic failure.

Negotiating Skills 50

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Logistics Viewpoints

FEBRUARY 8, 2022

For most companies, margins only declined further in 2021, as product shortages and transportation roadblocks forced all supply chain participants to make critical decisions on the fly, acting without complete information or hard data. The study projects a risk-adjusted $31.2

Optimal Sourcing 112

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Logistics in War

NOVEMBER 13, 2017

Through the course of 2017, and because of my academic research, I have been extremely fortunate to interview a range of senior military officers and public servants. Strategy is a concept of relating means to end; it is complex and subtle and is about thinking, vision, learning as opposed to planning. By David Beaumont.

Negotiating Skills 69

Negotiating Skills Sourcing Strategies Resource Reduction Military 69

GoShip Blog

DECEMBER 22, 2022

Of course, this price increase will result in costlier logistics services, which could lead to a spike in operational expenses. Automation and AI for Flexible Logistics Strategies. A recent study projects that cybercrime will cost the world up to $10.5 Cybercriminals ramping up. trillion annually by 2025 if left unchecked.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Trends Supply Chain Software Price Reduction 52

Logistics Bureau

JULY 18, 2022

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.

Inventory Reduction 106

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 106

Logistics Bureau

MARCH 30, 2020

The companies most likely to emerge strongly from the Coronavirus crisis are those that had diversified their operations and implemented multi-sourcing strategies. It’s widely mooted that many things in the world of business will be different after COVID-19 has run its course. 2) Diversify Your Operations.

Supply Chain Design Software 63

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 63

MTS Logistics

JULY 1, 2019

After the data is collected and analyzed, Uber Freight plans to release data on a quarterly basis to help maintain constant feedback between carriers, truckers, and facilities. This strategy works, not only for efficiency, but for all parties to find a platform to communicate openly and honestly.

Freight 48

Freight Maintainability Data Definition 48

Logistics Business Magazine

DECEMBER 3, 2020

A recent study by the Women’s Forum for the Economy and Society in partnership with Kearney revealed that 35% of firms across a range of industries surveyed in Europe and North America have a supplier diversity programme, and a further 18% intend to develop one within the next three years. In the modern world, visibility means data.

Supply Chain Software 36

Supply Chain Software Supply Chains Cost Reduction Manufacturing Procurement 36

Logistics Business Magazine

DECEMBER 3, 2020

A recent study by the Women’s Forum for the Economy and Society in partnership with Kearney revealed that 35% of firms across a range of industries surveyed in Europe and North America have a supplier diversity programme, and a further 18% intend to develop one within the next three years. In the modern world, visibility means data.

Supply Chain Software 36

Supply Chain Software Supply Chains Cost Reduction Manufacturing Procurement 36

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. Automated Data Transfers. For example, a subtle change in hydraulic pressure may still permit the machine to operate.

Supply Chain Software 103

Supply Chain Software Supply Chains Manufacturing Procurement Scenario Planning 103

Infosys Supply Chain Management

MARCH 26, 2015

During my MBA days, I had the opportunity to learn a lot about Manufacturing, Operations, Supply Chain management and of course a lot of other courses in the form of lectures/case studies/web/books. To manage this kind of colossal data, with inputs and outputs in different formats.

Case Study 32

Case Study Cost Reduction Data Study 32

Logistics Bureau

DECEMBER 18, 2019

That’s a question best answered by studying trends in uptake across the many types of enterprise that rely on logistics and supply chain management to keep the revenue rolling in. Blockchain is like the new big data or AI – too many people are using it as a buzzword and not focused solving a real problem. Machine learning.

Supply Chain Software 64

Supply Chain Software Logistics Network Optimization Software Supply Chains Sourcing Strategies 64

Bringg

MARCH 24, 2021

Studying the market is vital at this phase. That being said, it’s also as important to consider competitors’ strategies to respond to demand. . When you have a particularly large supply chain network, with multiple third party teams and partners, data can too easily become siloed. The three phases of a supply chain : 1.

Optimal Sourcing 62

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

Blue Grace Logistics

JANUARY 18, 2018

Data analysis and predictive modeling are just the beginning of the industry’s new bag of tricks. This change won’t take place overnight of course, but the gradual change will build up to a complete revision of the industry. Warehousing will see some of the biggest investments in robotics over the course of 2018.

Supply Chain Software 48

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Digital 48

Supply Chain Brain

JUNE 25, 2018

excels is in the management of data. Businesses are constantly struggling to toggle between these categories of data, unable to tell which kernels of information are relevant and which should be ignored. won’t just offer protection from problems that happen to arise in the course of doing business. One place where A.I.

Compliance 40

Compliance Supply Chain Software Data Availability 40

Infosys Supply Chain Management

JULY 26, 2013

Cloud & Big Data. Case Studies. |. « Collaborative Platform for Enterprise of Future | Main | Key Asset Management trends in Oil & Gas Industry » Importance of Proactive Master Data Maintenance in SAP SCM Support. These 3 master data elements contributed to almost 50-60% of planning issues. Banking Suite.

Supply Chain Planning Software 29

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 29

The Logistics Academy

FEBRUARY 13, 2017

Darren Prokop, University of Alaska Anchorage (UAA): As in the academic world in general, there is a trend to online course delivery. Another trend is learning how to deal with the avalanche of data that supply chain managers have at their fingertips. They must know which data deserves priority for a given problem.

Supply Chain Design Software 40

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

Talking Logistics

OCTOBER 9, 2018

Solving the challenge and underlying issues will require focus and attention to internal processes, better communication with carriers and partners, and using technology to gather and make sense of the vast amount of data flowing through transportation networks. Focus on the Right Data.

Capacity 67

Capacity Freight Logistics Network Optimization Software Supply Chain Software 67

GlobalTranz

SEPTEMBER 16, 2015

Current manufacturing training and development best practices often integrate competency models, blended learning, and a data-driven approach. The study found that effective use of profiles and competencies provides a common language to describe talent throughout the organization. Let us know in the comments below!

White Paper 103

White Paper Modeling Software Buyer Training Training 103

3PL Links

JULY 7, 2023

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48

GlobalTranz

MARCH 3, 2015

The new technologies that are most likely to change the face of 3PL include mobile apps, cloud computing, Big Data, internet of things (IoT), 3D printing, driverless vehicle, drone delivery and augmented reality. Cloud-based technology is making fast inroads into business, heralding the new age of Big Data.

Logistics Network Optimization Software 103

Logistics Network Optimization Software Cost Reduction Supply Chain Software Resource Reduction 103

Ship Monk

APRIL 28, 2022

That, of course, doesn’t mean you shouldn’t focus on the present state of things. Terrific Technology. On the backend of online business, advanced technology is the cornerstone of a successful, scalable venture. The more loyal the customer, the better for your profit. The better your profit, the more you scale. Eyes on the Prize.

Optimization Software 52

Optimization Software Eliminating Excel in Purchasing Supply Chain Planning Software Logistics Network Optimization Software 52

Logistics Viewpoints

OCTOBER 4, 2021

A study by E2open – the 2021 Forecasting and Inventory Benchmark Study: Supply Chain Performance During the Covid-19 Pandemic – provides the answers. I look forward to this study every year. Because of this architecture, E2open can access, aggregate, and anonymize the data across their customer base.

Inventory Reduction 132

Inventory Reduction Supply Chain Planning Software Cost Reduction Supply Chain Design Software 132

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

GlobalTranz

SEPTEMBER 23, 2015

Thanks to data gathering programs, supply chain software , and data entry applications, this represents a mountain of data, which has the potential to provide ground-breaking insight into how to improve business-model efficiency. What Is Supply Chain Big Data? How Does Big Data Improve a Supply Chain?

Supply Chain Design Software 108

Supply Chain Design Software Supply Chain Software Supply Chain Design Procurement Analytics 108