Ship Monk

JANUARY 27, 2023

Learning how to calculate reorder points for your assorted products helps ensure that you always have enough inventory on hand to meet demand, while minimizing inventory costs or rush costs on shipping from manufacturer to fulfillment center. What is a Reorder Point?

eCommerce 52

eCommerce Inventory Reduction Purchasing Skills Material Savings 52

Logistics Bureau

AUGUST 7, 2023

Any shortfalls in the system will typically result in overselling, leading to stock-outs , and overstocking , which ties up working capital unnecessarily and can result in wasteful obsolescence issues. So what can you do to ensure your inventory management meets the challenge of multichannel sales?

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

Procurement Analytics 99

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

Tradewinds

JULY 14, 2019

Future of Supply Chain Podcast, Episode 25 In today’s podcast, Earnest and Santosh focused on how Prologis is looking to solve the problem of detention costs and related waste. Detention time, in its simplest definition, is the idle time that a truck spends at the point of origin, and then at the drop-off point.

Supply Chain Design Software 20

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 20

Tradewinds

JULY 14, 2019

Future of Supply Chain Podcast, Episode 25 In today’s podcast, Earnest and Santosh focused on how Prologis is looking to solve the problem of detention costs and related waste. Detention time, in its simplest definition, is the idle time that a truck spends at the point of origin, and then at the drop-off point.

Supply Chain Design Software 20

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 20

Conger

MAY 6, 2019

To eliminate waste without sacrificing productivity to improve customer value. So we asked six Toyota experts: how are you applying lean management principles at your facility? Problem ownership, therefore, is how we empower our team to get decisions made and create the possibility for meaningful change.".

Waste Reduction 40

Waste Reduction Inventory Reduction Material Savings Sourcing Strategies 40

Locus

DECEMBER 15, 2022

If you’re getting continuous WISMO (Where Is My Order) calls in this manner, it is definitely bad news. But before that, it is necessary to know how exceptions impact your business. High Costs & Wastefulness. How to respond to delivery exceptions? Because it is now after office hours, no one answers your call.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Procurement Analytics 52

SYSPRO Smarter ERP

JANUARY 23, 2023

Reporting requires businesses to collect and track data on their ESG performance and report this information in a transparent and consistent manner. This involves implementing processes and systems for collecting and reporting on data, and some businesses may need to ensure that the information is verified by a third party.

ERP 111

ERP Waste Reduction Optimal Sourcing Supply Chain Planning Software 111

GlobalTranz

NOVEMBER 10, 2015

Recently we read from Software Advice their recent report, the 3PL budgeting guide , which listed how much should a 3PL budget and how to compare a Warehouse Management System. For example, reducing excessive safety stock allows a warehouse to minimize number of reorders, reduce wasted space, and avoid issues in shipping errors.

Supply Chain Planning Software 90

Supply Chain Planning Software Optimization Software Inventory Reduction Cost Reduction 90

Logistics Business Magazine

APRIL 23, 2021

Companies were left scrambling, trying to figure out how to meet this heightened demand, keep their employees safe, and continue to operate without their usual supply chain networks. Suddenly, overnight the how and where of manufacturing and distribution changed. The demand on ecommerce was staggering.

Supply Chain Software 61

Supply Chain Software Manufacturing Procurement Automation Supply Chain Design Software 61

WorkWave

MARCH 24, 2021

From keeping up with which keywords you should be targeting to evaluating how viewers are responding to various elements of your ads, sprucing up your SEM campaigns should definitely be on your digital marketing to-do list this year. A/B testing is when you test two variables to understand how performance differs between them.

Digital 72

Digital Optimal Sourcing Optimization Software Procurement Analytics 72

Conger

FEBRUARY 8, 2024

The operators already know how to use the reconditioned equipment. In other applications, such as warehouses and waste handling sites, it is not uncommon for a forklift to run well after 15,000 hours without changing the engine/transmission. Conclusion That is it: Equipment refurbishment definition, benefits, costs, and more.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

Conger

FEBRUARY 8, 2024

The operators already know how to use the reconditioned equipment. In other applications, such as warehouses and waste handling sites, it is not uncommon for a forklift to run well after 15,000 hours without changing the engine/transmission. Conclusion That is it: Equipment refurbishment definition, benefits, costs, and more.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

Conger

FEBRUARY 8, 2024

The operators already know how to use the reconditioned equipment. In other applications, such as warehouses and waste handling sites, it is not uncommon for a forklift to run well after 15,000 hours without changing the engine/transmission. Conclusion That is it: Equipment refurbishment definition, benefits, costs, and more.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

Ship Monk

JUNE 30, 2023

We’re going to show you how to identify KPIs for your business by breaking the process down into three parts. Let’s start with some definitions. Start with the goal you’re trying to reach and work backwards to determine the actions you need to take, and how to measure their success.

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

Conger

MARCH 28, 2024

Introduction to Fleet Management Fleet Management Definition Businesses across all sectors depend on commercial vehicles to transport people and products daily from cross-country delivery services to your neighborhood gas and oil provider. The software centralizes data, provides real-time information, and automates tasks.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

Ship Monk

MAY 23, 2023

You also have to consider reorder points and supply chain timeframes, for example how long it takes to restock from a manufacturer. For full details on these areas, definitely check out our in-depth 3PL article as well! Customer Demographics When you’re an ecommerce brand, your customers can come from anywhere and everywhere.

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Cost Reduction 52

Automotive Logistics

FEBRUARY 8, 2019

What does Orbis see as the main problem in providing accurate data on where a container is, whether empty or full, and what is it doing to solve some of these problems for its automotive customers? What can be done from an environmental and economic point of view to mitigate the impact of disposable packaging as a necessary but costly waste?

Supply Chain Design Software 28

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Modeling Software 28

Turvo

JANUARY 12, 2021

Take a moment to think about the definition of digital transformation in logistics. Part of that transformation means execution with real-time data and communicating any changes or needs in real-time. More excitingly, supply chains are only just beginning to implement the potential of real-time data.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Webinar Supply Chains 52

CH Robinson Logistics

MAY 18, 2021

Today, retailers and supply chain professionals need to have a plan in place to minimize waste and cut down on inefficiencies in reverse logistics. Customer returns also fit this definition and make up a large percentage of reverse logistics concerns that retailers and logistics organizations handle. What is reverse logistics?

Reverse logistics 64

Reverse logistics Supply Chain Planning Software Material Savings Inventory Reduction 64

Talking Logistics

DECEMBER 5, 2018

What the leaders have done is focus on achieving quick wins — that is, they have identified opportunities to eliminate waste or replace manual processes with technology that are low risk and require minimal time, cost, and resources to achieve. Business Cases and Success Stories.

Conference 61

Conference Optimal Sourcing Optimization Software Supply Chain Software 61

GlobalTranz

JANUARY 21, 2015

However, all are well worth employing to seek that holy grail of pushing out waste, inefficiency, and most importantly resources (time and money) out of your supply chain. The manufacturer has access to the distributor’s inventory data and is responsible for generating purchase orders. The distributor maintains the inventory plan.

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

GlobalTranz

AUGUST 9, 2016

“ The most dangerous kind of waste is the waste we do not recognize ”: Shigeo Shingo. Lean thinking focuses on the elimination of all waste (where waste is defined as any non-value added process) and bringing value to the customer , beyond the customer’s expectations. Try to recognize all of your wastes.

Waste Reduction 53

Waste Reduction Cost Reduction Inventory Reduction Price Reduction 53

GlobalTranz

APRIL 14, 2016

The IoT,” it explains, “comprises an ecosystem that includes things, communication, applications and data analysis.” McKinsey Global Institute simplifies this a little to say the IoT comprises “sensors and actuators connected by networks to computing systems”. Data Storage and Analysis. Interoperability.

Supply Chain Design Software 57

Supply Chain Design Software Supply Chain Software Optimization Software Supply Chain Design 57

Material Handling and Logistics

OCTOBER 26, 2018

In recent years, firms both large and small have launched new “Data Science” or similarly named groups. As the phenomenon of Big Data has taken hold in the private sector, many firms which as recently as 10 years ago devoted minimal resources to large scale database mining and analytics have reversed course.

Supply Chain Design Software 89

Supply Chain Design Software Supply Chain Software Inventory Reduction Supply Chain Planning Software 89