Ship Monk

APRIL 5, 2024

The fact is, most business owners think of procurement as nothing more than a transactional relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. End relationships with uncooperative vendors whose goods can easily be purchased elsewhere. Regular meetings or reports?

Negotiate Pricing 82

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 82

Logistics Viewpoints

MAY 19, 2022

Analytical techniques like linear programming can create the mathematically “optimal” plan, but these methods must be implemented well to avoid creating other challenges. Fusing analytical approaches improves the math behind optimization, but to avoid highly-efficient silos it should be paired with concurrent planning.

Optimal Sourcing 136

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 136

GlobalTranz

JANUARY 17, 2017

So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. Clearly, the IoT has caught on much faster than experts could have hypothesized.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

Logistics Bureau

APRIL 4, 2022

The answer is to benchmark your freight, of course. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. You’ll also need to procure the most suitable platform for your freight benchmarking needs. 2: Take Care in Identifying the KPIs to Use.

Negotiating Skills 82

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 82

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. 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. Artificial Intelligence.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

FLS Transport

FEBRUARY 10, 2021

The hottest stories in freight can be found here, in the Weekly Freight Report: 1. Of course, there’s a massive need for more capacity right now and that’s largely what’s driving the purchases. Trying to time the market exhausts shippers. That’s right, more than 42,000 trucks were ordered last month.

Procurement Analytics 98

Procurement Analytics Freight Purchasing Skills Trucking 98

Logistics Business Magazine

JULY 22, 2021

The Aschaffenburg, Germany-based intralogistics specialist Linde Material Handling (Linde MH) has released its sustainability report for 2020. In its report, Linde MH recognises its employees as a cornerstone of success. Click here to download the report. Sustainability is firmly anchored in the company’s corporate strategy.

Material Savings 68

Material Savings Procurement Analytics Resource Reduction Manufacturing Procurement 68

Logistics Viewpoints

FEBRUARY 2, 2024

cities over the course of the year, bringing the total number to 110. In some cases, shoppers can send back different items than the ones they bought, return stolen items or claim a purchase never got delivered when it really did. percent year-on-year decline in cargo ton miles to 1.8bn, although this metric increased by 9.5

Cost Reduction 140

Cost Reduction Inventory Reduction Manufacturing Procurement Logistics Network Optimization Software 140

Logistics Viewpoints

OCTOBER 19, 2023

Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says. Events and disruptions are par for the course in supply chain, so we need tactics to kick in for problem resolution.

Supply Chain Planning Software 135

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 135

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality. The definition of this metric is similar to the way it sounds.

Procurement Analytics 99

Procurement Analytics Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 99

Logistics Business Magazine

MARCH 17, 2022

In this piece, supply chain expert Laurent Colombant, Continuous Monitoring Solution Lead EMEA, at SAS , outlines how supply chain analytics will drive transformation as organisations strike the balance between continuity and survival on one hand, and risk management and fighting fraud on the other. Manual detection is futile.

Supply Chain Software 62

Supply Chain Software Supply Chains Procurement Analytics Procurement Solutions 62

Ship Monk

DECEMBER 15, 2023

billion, according to Adobe Analytics , up 7.5% Will consumers be reluctant to use credit cards for holiday purchases? For the first time, mobile purchases have overtaken desktop purchases. Shopify reports that sales were up 24% compared to last year, with 61 million consumers shopping globally this year.

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

GlobalTranz

FEBRUARY 23, 2018

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. It is the standard way consumers interact with retailers, so companies must turn their attention to how they can convert shoppers into final purchases. It is just shopping. Omnichannel is shopping.

Course 65

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

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 115

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

Logistics Business Magazine

OCTOBER 1, 2023

Supply chain emissions – also known as Scope 3 emissions – include all indirect emissions occurring in the upstream and downstream activities of an organisation, e.g. from the goods and services it purchases. While some sectors will of course take much longer to get there, their progress will undoubtedly quicken over time.”

Supply Chain Software 60

Supply Chain Software Supply Chains Procurement Analytics Resource Reduction 60

GoShip Blog

FEBRUARY 5, 2024

The Cost of Goods Sold (COGS) defines the correlation between inventory and your business’s cash flow. When you procure inventory for your business, the capital used is your business’s cash outflow. The outflow encompasses all direct costs in producing goods, including materials and labor.

Inventory 52

Inventory Tips Procurement Analytics Purchasing Skills 52

Logistics Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

Logistics Bureau

MAY 30, 2022

Of course, the aim should always be to serve customers proactively, and that’s where the third element of service alignment—planning—comes to the fore. In the example above, effective planning will ensure that the use of expedited delivery (and the associated cost) is minimised. Warehouse operational costs.

Inventory Reduction 112

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 112

Logistics Viewpoints

APRIL 13, 2022

Of course, virtually everyone relied upon direct-to-consumer fulfillment at some point during the COVID-19 lockdowns, placing widespread reliance on warehousing capabilities. It makes me wonder if this investor purchased the shares for the express purpose of using the ownership stake to push this agenda. Maybe, maybe not.

Purchasing Skills 133

Purchasing Skills Procurement Analytics Logistics Network Optimization Software Optimal Sourcing 133

Logistics Business Magazine

FEBRUARY 13, 2024

With this step, the industrial truck manufacturer wants to set the course for the upcoming generational change in good time. Thomas Bach has also joined the management team as Director of R&D and Purchasing with immediate effect. Clark Europe GmbH, based in Duisburg, has expanded its management team.

Material Savings 58

Material Savings Manufacturing Procurement Purchasing Skills After-sales 58

The Lean Thinker

DECEMBER 14, 2023

Of course that implies that we (our community) is still largely stuck in the same groove we were a decade ago. It took four 11×17 (A3 size) sheets taped together to depict what happened as raw steel came in one end of the building and was cut, bent, welded, painted, and assembled with purchased components into the final product.

Outsourcing 195

Outsourcing Factories Exercises Procurement Analytics 195

Ship Monk

APRIL 10, 2024

As the Business Intelligence Group notes: It costs 600% more to attract a new customer than it does to retain one. Customers who engage with or purchase a product/service at least 3 times are 2x more likely to remain loyal customers. That element can make or break a business.

Logistics Network Optimization Software 97

Logistics Network Optimization Software Optimization Software Procurement Solutions eCommerce 97

GlobalTranz

FEBRUARY 25, 2021

This is where the value of data-driven retail reverse logistics analytics and management comes into play. Understanding the dynamics behind how, when, and why customers return items is essential to understanding purchasing behavior and improving the overall experience. Faster time to resolution for returned items.

Expense Reduction 101

Expense Reduction Inventory Reduction Reverse logistics Strategy 101

Logistics Business Magazine

APRIL 24, 2019

“For example, AI can enhance risk mitigation by analysing large sets of data, continuously identifying evolving patterns, and predicting disruptive events along with potential resolutions.”. Advanced Analytics. Advanced analytics are not new, but their impact on today’s supply chains are significant,” said Mr Titze.

Supply Chain Planning Software 32

Supply Chain Planning Software Supply Chain Software Supply Chain Technology Logistics Network Optimization Software 32

Ship Monk

MARCH 30, 2024

MonkProtect MonkProtect is a post-purchase suite that helps ecommerce brands “stress less and grow more” by protecting ecommerce orders. In the obvious sense that is evident in our expanding international presence , globally competitive shipping solutions , and of course our aforementioned import and export services.

3PL 84

3PL Supply Chain Design Software Optimization Software Supply Chain Software 84

World Food Programme Logistics

FEBRUARY 10, 2020

Photo: WFP/ Martin Karimi Report by Peyvand Khorsandi, Sophie Smeulders and Tiziana Grassetti Today is World Pulses Day when the likes of beans, chickpeas, cowpeas, split peas and peas take a bow. one of the 51 countries from which the World Food Programme (WFP) procured 324,168 metric tons of pulses, worth US$ 187 million, last year.

Procurement Analytics 52

Procurement Analytics Food and Agriculture Optimal Sourcing Purchasing Skills 52

Logistics Viewpoints

OCTOBER 7, 2022

Earlier this week, I read a sobering report from the national Retail Federation (NRF) regarding shrink. The recently released National Retail Security Survey shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem. Most reported in-store, e-commerce, and omni-channel fraud are all on the rise.

Logistics Network Optimization Software 110

Logistics Network Optimization Software Supply Chain Design Software Vendor Strategies Procurement Analytics 110

Logistics Viewpoints

JULY 11, 2022

These increasing labor costs occurred while Amazon was nearly doubled the size of their workforce over the course of two years. In many cases, Amazon can deliver these packages within hours of purchase. Amazon reported $2 billion in incremental costs from having excess fulfillment and transportation capacity.

Networks 146

Networks Purchasing Skills Supply Chain Planning Software Supply Chain Design Software 146

SYSPRO Smarter ERP

NOVEMBER 3, 2021

can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES). Freight bill accuracy : Whether shipping from factory to warehouse, or to the customer, this metric helps identify problems in billing operations.

Manufacturing Procurement 105

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

Logistics Bureau

APRIL 3, 2023

But, of course, what those circumstances are is for you to decide. For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America.

Outsourcing 87

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 87

WorkWave

AUGUST 31, 2021

High Shipping Costs. Of course, customers prefer low shipping costs, but the charges have to be covered. Along with two-day shipping, Amazon uses advanced analytics to refine AS. If possible, the best way to avoid location issues is to procure multiple warehouses in targeted locations to best serve your consumer base.

Optimization Software 52

Optimization Software Procurement Solutions Logistics Network Optimization Software Negotiating Skills 52

GlobalTranz

MAY 27, 2015

How Can USMTO Reports Help Drive Manufacturing Sales and your Bottom Line? The United States Manufacturing Technology Orders (USMTO) data report is compiled monthly by the Association for Manufacturing Technology (AMT). What is the USMTO Data Report? Why Wenzel America Uses the USMTO Data Reports.

Manufacturing Procurement 94

Manufacturing Procurement Procurement Analytics Data Modeling Software 94

Logistics Viewpoints

SEPTEMBER 1, 2023

Amazon has started increasing the free shipping minimum to $35 for non-Prime members in some markets, according to notices on its website, as the company looks for more ways to cut costs. Until now, the minimum purchase for free shipping has been $25. billion in revenue, according to Amazon’s latest quarterly earnings report.

Logistics Network Optimization Software 134

Logistics Network Optimization Software Purchasing Skills Negotiating Skills Price Reduction 134

Logistics Viewpoints

MAY 25, 2022

Of course, change is always occurring. The ability for a consumer to buy an item online, then come into the store and add to that transaction or to exchange the online purchase at the store. I attended additional sessions that described recently completed enhancements and customer adoption metrics for Manhattan Active WM.

Conference 104

Conference Supply Chain Planning Software Optimization Software Scenario Planning 104

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. If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. Are Your Profit Margins Declining?

Negotiating Skills 89

Negotiating Skills Purchasing Skills Cost Reduction Analysis 89

Ship Monk

FEBRUARY 3, 2024

These people are genuinely interested in your product — so much so, that they have purchased your products. Once the recipient clicks/taps through the email, tracking is handed off to another tool, such as Google Analytics. Of course, what you say is just as important as how you say it. How Often This is tricky.

eCommerce 81

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 81

Logistics Viewpoints

MARCH 20, 2023

This January the company reported that its annual recurring revenue grew at over 84% year-over-year. Meanwhile decisions like how much production capacity needs to be added, or what raw materials need to be purchased, don’t change on a daily basis. But, of course, over the course of a month the demand and supply pictures change.

Supply Chain Planning Software 125

Supply Chain Planning Software Modeling Software Procurement Solutions Supply Chain Software 125