FreightWaves SONAR

FEBRUARY 26, 2021

Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction. Leading metrics for tracking overall and market-specific activity include: Inbound and outbound load daily change rates, like the Outbound Tender Volume Index (OTVI) in FreightWaves SONAR.

Trucking 96

Trucking Price Reduction Freight Cost Reduction 96

Logistics Viewpoints

OCTOBER 10, 2022

Steve: Klaus, when we talked, you mentioned Autoliv was already doing digital supplier management, had digital sourcing solutions, and was looking at real-time transportation visibility solutions to provide better predicted times of arrival for inbound and outbound shipments. Klaus: I can´t give too many details for compliance reasons.

Supply Chain Planning Software 134

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 134

Logistics Bureau

MAY 24, 2021

It’s a good one to consider, and perhaps an appropriate stimulus for companies to review inventory performance and revise their strategies. Using the previous example, dividing 365 days by 10 gives you 36.5 Today, the question is more about how much inventory is sufficient to safeguard the supply chain from disruption.

Inventory Reduction 118

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 118

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Another methodology is the Porter’s Value Chain Framework, which comprises of inbound logistics, operations, outbound logistics, sales, and service. Here are some KPIs to assist you to get back on track to build an agile, adaptive, and resilient supply chain into the future: Inbound KPIs.

Manufacturing Procurement 105

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

Logistics Bureau

AUGUST 2, 2021

For example, you might use simple observation to identify visible defects at goods-in, or you could make your analysis a bit deeper by testing a percentage of items received from the supplier. For example, every purchase order costs money to raise and process, as does every invoice. Supplier Defect Rate.

Procurement Analytics 117

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 117

GlobalTranz

OCTOBER 12, 2016

Science, technology, engineering and mathematics (STEM) skills should be more heavily included into the educational courses of today’s students. Specifically, more manufacturers should offer training courses focused on STEM education to workers in lower-paying, less-intense positions. Implement Sustainable Manufacturing Practices.

Manufacturing Procurement 125

Manufacturing Procurement Buyer Training Waste Reduction Cost Reduction 125

Logistics Bureau

MAY 3, 2021

Some have hit on the right strategies and are thriving in the new normal, and others are struggling. It was perhaps fortuitous that Target began implementing a strategy to focus on fulfillment from stores back in 2019. Kohl’s, for example, embarked on a partnership with Amazon to handle its customer returns.

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 71

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). Think About Inbound Too. Where are your suppliers located?

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Scenario Planning 98

GlobalTranz

MAY 31, 2018

Only those people who have duly completed the advanced traffic management course or its equivalent should write it. Describe the Inbound Transportation This description covers the process by which an ordered product moves from the vendor and gets delivered to your warehouse.

Tips 65

Tips Transportation Outbound Vendor Strategies 65

GlobalTranz

FEBRUARY 25, 2021

For example, the reverse logistics process includes the management and the sale of surplus as well as returned equipment and machines from the hardware leasing business. Integration with Supply Chain Partners will Improve Your Return Logistics Strategy. Of course, customers may opt to complete a return in-person.

Reverse logistics 84

Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

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. Obviously, most modern innovations will focus on improving supply chain processes throughout the course of business, not the ancient squeegee example.

Manufacturing Procurement 101

Manufacturing Procurement Purchasing Skills Price Reduction Supply Chain Design Software 101

GlobalTranz

OCTOBER 13, 2016

Training Can Be Part of Workforce Development Strategies. Of course, apprenticeships can begin outside of the manufacturing sector as well. For example, companies already requiring employees to work overtime may see overtime hours decrease when an additional pair of hands is available for work. Take the smartphone for example.

Buyer Training 92

Buyer Training Cost Reduction Resource Reduction Factories 92

GlobalTranz

MARCH 26, 2018

With effective logistics planning and strategies, you can run a supply chain smoothly without too many concerns. For example, if you operate in an area prone to bushfires, you need to consider how this will affect the roads and infrastructure. However, disruptions can occur even with the best plans in place. Download white paper.

Supply Chains 61

Supply Chains Scenario Planning Waste Reduction White Paper 61

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% 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

GlobalTranz

MARCH 27, 2017

To help your organization thrive, you need to understand why proper packing and packaging keeps freight loss at bay, explains Lou Cortese of Inbound Logistics. For example, liquids could spill. For example, a broken bottle of ethanol could become a fire hazard and damage other items on the same pallet.

Freight 79

Freight Material Savings Packaging Packing 79

Logistics Business Magazine

NOVEMBER 17, 2022

“For a number of years now, Samey Robotics has been leading supply chain development in the European fish sector, with their automated approach to distribution serving as an example for other food sectors to follow. Going forward, Samey Robotics’ customer base is changing as the company embarks on a growth initiative through acquisition.

Supply Chain Software 64

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 64

GlobalTranz

NOVEMBER 18, 2016

Since the digital universe will expand to more than 40 trillion gigabytes by 2020, reports Jim Taylor of Inbound Logistics , future possibilities through big data may not even be fathomable. For example, a pharmaceutical company may use big data applications to identify more efficient way of manufacturing life-saving medications.

Supply Chain Planning Software 89

Supply Chain Planning Software Data Material Savings Manufacturing Procurement 89

GlobalTranz

DECEMBER 5, 2016

For example, Ford employs approximately 200,000 workers, one-third of its 1970 payroll, yet it pushes out more vehicles than ever before. Of course, driverless cars are robotically controlled, and they have caused some accidents. For example, Google Voice and Siri are both automated, robotic systems. Only 13 percent of lost U.S.

Manufacturing Procurement 104

Manufacturing Procurement Sourcing Strategies Efficiency Operations 104

GlobalTranz

JUNE 21, 2018

Considering the 64 potential combinations, when applied to the course of 1000 shipments, it amounts to 64,000 opportunities for error. Paired with value-added services, a quality TMS can transform outbound and inbound logistics into a turnkey operation. Inbound freight management. Not every TMS is created equal.

How To 48

How To Modeling Software Logistics Network Optimization Software Purchasing Skills 48

GlobalTranz

AUGUST 21, 2015

Throughout the course of business, demand for items will contract and grow, and your business needs to be able to process customer orders. Over the course of time, an LTL carrier will increase rates to their consumers. For example, the carrier may pay these costs at the time of border-crossing, and you can reimburse the carrier.

Negotiating Skills 94

Negotiating Skills Purchasing Skills Material Savings Manufacturing Procurement 94

Stord

JANUARY 11, 2022

There are silos responsible for "manufacturing" and "inbound planning" (international/customs). However, the last two years have taught us that this approach simply is not good enough anymore; existing and planned supply chain investments, improvements and overall strategies need to be re-thought.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Optimization Software Optimal Sourcing 78

GlobalTranz

SEPTEMBER 8, 2017

Examples of such technologies are GPS tracking, barcodes, radio frequency identification (RFlD), smart labels and wireless sensor networks. In the course of operation, the business is exposed at multiple points across its stages of supply chain. Define your strategy and be open from the outset.

Supply Chain Software 83

Supply Chain Software Supply Chains Digital Waste Reduction 83

Logistics Bureau

DECEMBER 18, 2017

For example, your company’s objective might be to achieve maximum operational productivity, to improve customer service, or perhaps to minimise capital expenditure. It’s important to be familiar with the inbound and outbound history of each SKU, and to know how fast or slowly it turns around in your warehouse.

Supply Chain Design Software 49

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Modeling Software 49

GlobalTranz

MARCH 13, 2015

There are plenty of different shipping companies out there, and using a transportation management system to manage all inbound and outbound shipping needs will put those shippers who use one at an extreme competitive advantage. Every aspect of your shipping will be displayed for you to develop new strategies from.

Logistics Network Optimization Software 95

Logistics Network Optimization Software Transportation Cost Reduction Price Reduction 95

GlobalTranz

SEPTEMBER 11, 2015

For example, a shipper should consider fuel cost forecasts when creating a budget for LTL transport. For example, a manufacturer is unable to produce products without raw materials. Furthermore, when a shipper manages the inbound shipments, as well as the outbound, it can improve the relationship between client and shipper.

Material Savings 94

Material Savings Cost Reduction Freight Resource Reduction 94

GlobalTranz

OCTOBER 20, 2016

For example, companies can implement new programs and create new resources that meet the demands of millennials. For example, manufacturers have donated "state-of-the-art equipment to give students [a] hands-on learning experience." This translates directly into renewed interest in manufacturing among students.

Buyer Training 95

Buyer Training Resource Reduction Cost Reduction Material Savings 95

GlobalTranz

JULY 14, 2015

For example, a subtle change in hydraulic pressure may still permit the machine to operate. However, over the course of several months, this slight change in pressure could cause permanent damage to the machine, or it may cause additional problems for other aspects of the manufacturing process.

Supply Chain Software 103

Supply Chain Software Supply Chains Manufacturing Procurement Scenario Planning 103

GlobalTranz

JANUARY 17, 2017

Of course, reports Predictive Analytics Times , analytics also possess potential to change how companies obtain the raw materials for their products. For example, the aeronautics’ giant, Lockheed Martin, has embraced augmented reality during the manufacturing and repair processes, explains Industry Week. billion by 2021.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

Logistics Problem Solving

JUNE 2, 2017

This includes both outbound and inbound freight. Many times, the shipper goes to their IT department to get the data they need to run an analysis to find out how compliant they are or to look for strategies to lower their spend. For example, a routing guide compliance problem could present itself as a carrier billing issue.

Logistics Network Optimization Software 75

Logistics Network Optimization Software Resource Reduction Cost Reduction Logistics 75

GlobalTranz

MARCH 25, 2016

In another example, Hong Kong began switching conventional traffic lighting to more energy efficient LED traffic lighting. The key to each of these examples rests on the fact that companies were able to remain profitable, disproving misconceptions about the cost-effectiveness of sustainability in logistics.

Material Savings 59

Material Savings Manufacturing Procurement Cost Reduction Logistics Network Optimization Software 59

GlobalTranz

AUGUST 9, 2017

Parcels are no longer bound by weight or size dimensions, and parcels can easily entail a multi-carrier shipping strategy. For example, a carrier’s fuel surcharge may vary from week to the next. For example, if a package exceeds a given volume, assuming it is a low-weight package, it may be subject to additional surcharges to ship.

Negotiating Skills 49

Negotiating Skills Price Reduction Cost Reduction Waste Reduction 49

GlobalTranz

MAY 24, 2018

For example, if a shipper-business owners that works alone expects to make $30 an hour, that rate can be used to calculate the direct handling cost. Of course, partnering with a 3PL is another effective way to ensure you and your customers get the best deal possible for parcel shipping and handling costs.

Cost Reduction 48

Cost Reduction Handling Expense Reduction Inventory Reduction 48

Logistics Marketing Advisors

JUNE 20, 2018

Communication is a two-way street, of course. If an honest assessment points more to the latter, now is a good time to course correct. For example, if you regularly share information with your list using a marketing automation tool like HubSpot, you can easily determine who is and isn’t interacting with your content.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Logistics Network Optimization Software Compliance 40

GlobalTranz

DECEMBER 9, 2014

For example, let’s say that you’re a construction company. So, for example, a company like jackswinches.com will let you hire out a winch for a reasonable price. You’ll still need to get a few accessories with your rental, of course. A winch might make sense if you do a lot of lifting or hauling.

Industry 91

Industry Manufacturing Procurement Waste Reduction Purchasing Skills 91

GlobalTranz

APRIL 17, 2017

This independence naturally lends itself to more efficiency in performance management and ensuring everyone, including inbound and outbound logistics partners, stay on the same page. For example, natural disasters may require rerouting of products in one area of the country. It Maintains Inventory Control and Flow.

Supply Chain Software 49

Supply Chain Software Automation Efficiency Inventory Reduction 49

GlobalTranz

JANUARY 10, 2017

Of course, the human controlling capacity for actual AI is still far from realistic, but the concept of a superior AI did make strides this year. For example, planning, purchase order placement, manufacturing floor information logistics operations and beyond became essential variables in the goal of creating a more agile supply chain.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

GlobalTranz

MAY 4, 2016

For example, a decreased revenue yield per mile may suggest poor fuel-burn within a given fleet. For example, preventative maintenance, outsourcing of maintenance costs versus in-house costs, and keeping the fleet looking clean (painting, washing and changing of URS identifiers on fleets) must be tracked.

Sourcing Strategies 60

Sourcing Strategies Freight Procurement Analytics Cost Reduction 60