GoShip Blog

MARCH 2, 2021

Well-organized inventory management is a must-have for a successful retail strategy. Often, shippers are faced with inaccurate or inconsistent inventory management which leads to overstocking or understocking. . Another crucial tip is to review your inventory management strategy to make sure you are prepared. .

Inventory Reduction 98

Inventory Reduction Waste Reduction Expense Reduction Price Reduction 98

LandLink

MARCH 11, 2020

This strategy ultimately led to unprofitable operation ratios, subpar delivery performance and ultimately the bankruptcy of some major carriers. Interestingly New Century transport, which was founded by Jevic‘s founder, adopted a similar strategy ending in the exact same fate. It’s really a simple equation; L x W x H / 139.

Price Reduction 62

Price Reduction Expense Reduction Inventory Reduction Strategy 62

Logistics at MPEPS at UPV

MAY 6, 2023

One such example is the concept of warehousing, which, despite having a shared fundamental definition of a place to store goods, takes on nuanced interpretations within different contexts. Digital warehousing involves the procurement, management, secure storage, and exploitation of individuals’ personal data.

Warehousing 40

Warehousing Digital Optimal Sourcing Inventory Reduction 40

The Logistics of Logistics

JUNE 23, 2022

In addition, retailers are struggling to move inventory initially ordered in the first quarter of 2022 to make way for back-to-school and holiday merchandise. The peak season definition is a continued evolution of the seasons in transportation. Bottlenecks from future COVID-19 variants are possible. When and What Is Peak Season ?

Supply Chain Planning Software 356

Supply Chain Planning Software Scenario Planning Cost Reduction Material Savings 356

Now, That's Logistics

NOVEMBER 9, 2021

This shift isn’t expected to wane anytime soon, and it’s forcing shippers to rethink their business strategies as they tackle current challenges and plan for the future. Most times, you’d have to transfer that inventory to a third party, have them repackage it, ship it back to the fulfillment center and pay additional fees.”.

Supply Chain Planning Software 147

Supply Chain Planning Software Supply Chain Design Software Ordering Optimization Software 147

Locus

MAY 25, 2022

Here are seven key strategies that they have used to make it happen. Consistently failIng to do so means definitely losing their confidence, which reduces your revenue, and a decline in profitability. The increasing demand for fast shipping has accelerated the need for brands to bring inventories closer to customers.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Locus

MARCH 27, 2024

On one hand, they’re battling shrinkage, which includes inventory losses from both operational slip-ups and theft. Mix it up with omnichannel Omnichannel retailing , the strategy that integrates all shopping channels like online or in-store isn’t just a buzzword—it’s a cost-saving revolution for retail businesses.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 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

Conger

JULY 30, 2021

In this article, you’ll learn: The definition of omnichannel distribution. Top challenges and the steps for adopting an omnichannel distribution strategy. 4 Steps for Adapting to an Omnichannel Distribution Strategy. To reiterate, an omnichannel strategy will integrate each of these channels. Let’s get started!

Inventory Reduction 52

Inventory Reduction Distribution Vendor Strategies Waste Reduction 52

Ship Monk

JULY 7, 2022

This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online. Minimum Order Quantity Definition. Minimum Order Quantity vs. Pricing Strategy. You’ll have to do the calculations, but we can get you started. How Sellers Calculate MOQ.

Purchasing Skills 87

Purchasing Skills eCommerce Ordering Negotiating Skills 87

Turvo

JULY 30, 2021

There has been a definitive increase in the number of shippers working to harness these new TMS functions and capabilities. It Analyzes Data Across the Full Network to Enable Financial Planning and Strategy. It can also enhance forecasting in terms of inventory, transportation, and production plans.

Supply Chain Planning Software 98

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Transportation 98

Logistics Viewpoints

DECEMBER 7, 2021

Workforce shortages and other challenges abound throughout all transportation sectors, and while this may revitalize investments in localized manufacturing, expanded warehousing to hold more inventory, and other efforts, these changes do not solve today’s issues. Carrier capacity management strategies ease the crunch.

Price Reduction 114

Price Reduction Cost Reduction Inventory Reduction Capacity 114

Now, That's Logistics

SEPTEMBER 14, 2021

By putting data into the hands of the companies, business partners, and customers that want it, supply chain visibility helps all stakeholders track products from the point of manufacture to the final destination—and all points in between. 5 Good Supply Chain Visibility Strategies. Break down your data silos.

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Supply Chain Software Supply Chains Logistics Network Optimization Software Inventory Reduction 78

Automotive Logistics

JANUARY 16, 2018

In any retail business, inventory management is a delicate balancing act. By the time vehicle manufacturers responded to the change, ports and distribution parks were overflowing with unsold vehicles and logistics personnel were scrambling to find places to keep their excess inventory. In Europe, the shift is even more pronounced.

Inventory Reduction 42

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Design Software 42

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. The MSCN market is composed of different types of solutions.

Manufacturing Procurement 131

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 131

Forto

JULY 25, 2018

Few topics hold the prestige of logisticians like Big Data. The applications of Big Data in business are numerous. In freight management, Big Data yields opportunities for improvement. The reason behind the application of data is immense. The ways we collect data has evolved too. Why Is Big Data Important?

Supply Chain Planning Software 40

Supply Chain Planning Software Data Optimization Software Optimal Sourcing 40

Ship Monk

SEPTEMBER 29, 2022

A sudden, drastic increase in inventory volume can be tricky to manage, and this famous sale is smack dab in the middle of the holiday season—adding more to the madness. Our technology gets eCommerce orders taken care of in a timely and effective manner, our first-of-its kind fulfillment software provides transparent, accurate, amazing data.

eCommerce 52

eCommerce Inventory Reduction Supply Chain Planning Software Supply Chain Software 52

ShipLilly

AUGUST 29, 2020

Through the use of the latest inventory management techniques, it is possible to make the process much more efficient. By using an effective inventory storage strategy, it is possible to meet customer requirements. A brief definition of pick and pack methods. What Inventory Storage Strategies can you use?

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Packing Picking Inventory Reduction Material Savings 98

3PL Insights

FEBRUARY 17, 2020

Supply chains are subjected to numerous risks including incorrect orders, delayed shipments, inventory loss, and more. This is definitely beneficial to any supply chain as it simplifies and speeds up communication. Supply chains are part of a complex global system where data and information are shared through cyberspace.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 90

Ship Monk

MARCH 30, 2024

In a nutshell, ShipMonk’s proprietary 3PL software offers you mastery of: Order Management Inventory Management Warehouse Management Fulfillment Automation Market Integrations All Order Data (Real-time and Historical) Add to that, when using ShipMonk 3PL software, you’ll always have complete transparency and access to customer support.

3PL 85

3PL Supply Chain Design Software Optimization Software Supply Chain Software 85

GlobalTranz

DECEMBER 11, 2014

Today begins our series about electronic data interchange or EDI in transportation. In this series, we will first talk about how EDI in transportation works and what it is, covering the history of EDI in transportation, the definition, how it works technically, and then some common EDI codes used within the transportation industry.

Data 105

Data Transportation Document Inventory Reduction 105

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. It measures the amount of elapsed time from when an order is accepted to when the product is produced and entered into finished goods inventory.

Manufacturing Procurement 105

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

Logistics Bureau

JANUARY 7, 2020

The definition above is not from any textbook, but is one that I am sure you will agree, describes a state of affairs that any corporate leader or business owner would be happy to attain. . Supply Chain Strategy. A properly designed supply chain strategy is an enabler for achieving commercial goals and consequently, corporate success.

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

SYSPRO Smarter ERP

JUNE 21, 2022

Instead, businesses have focused most their investments on inventory control and order requirements. T he goal is to have the minimum amount of inventory on hand (plus a safety stock) to meet demand. . For the business, it is a high-risk strategy for short-term gain with no upside if it fails. .

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 105

Ship Monk

JUNE 26, 2023

You need to outsource your inventory storage and order fulfillment to a space dedicated and designed to handle it with the respect it deserves. If you said yes, then it’s definitely a sign you’re ready to outsource. For example: How will you manage your inventory? You sold small rubber ducks that only came in the color yellow.

Outsourcing 52

Outsourcing Ordering eCommerce Inventory Reduction 52

CLX Logistics

FEBRUARY 22, 2024

The Rise of AI and ML in Procurement The growth of AI and ML has ushered in a new era of procurement management, where data-driven insights and predictive analytics are driving strategic decision-making. ML algorithms enable predictive analysis and decision-making, while NLP algorithms enhance communication and data analysis capabilities.

Optimal Sourcing 52

Optimal Sourcing Procurement Negotiating Skills Supply Chain Software 52

Logistics Business Magazine

OCTOBER 20, 2020

The pandemic has led to some soul-searching about approaches to inventory. Companies have struggled to optimise their inventories during such a turbulent time: how much stock do they need, where should it be kept, and how much should be in the pipeline at any one time? Have we been too quick to embrace ‘lean’ and ‘just in time’?

Supply Chain Planning Software 41

Supply Chain Planning Software Inventory Reduction Resource Reduction Supply Chain Software 41

Logistics Bureau

JANUARY 9, 2019

The definition above is not from any textbook, but is simply one that I’m sure you’ll agree, describes a state of affairs that any corporate leader or business owner would be happy to arrive at. Supply Chain Strategy. It means that your supply chain strategy should support the overall strategy of your business.

Supply Chain Design Software 118

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

Ship Monk

OCTOBER 17, 2022

This includes: Matters of inventory management with advanced 3PL software Delivery speed with warehouse locations that bring products closer to customers Fulfillment: Order processing, picking, and packing Optimal shipping costs and options thanks to established relationships with major shipping carriers. Don’t worry; you can change later on.

eCommerce 79

eCommerce 3PL Logistics Network Optimization Software Supply Chain Design Software 79

3PL Insights

OCTOBER 24, 2017

The information received can be checked for accuracy with the company’s inventory software. This allows for inventory to be viewed in “real time.”. Real time inventory : Lost inventory can become extremely expensive. In other cases, guide wires might lay out a definite path for vehicles, rather than free roaming.

Supply Chain Software 112

Supply Chain Software Supply Chain Planning Software Inventory Reduction Expense Reduction 112

Ship Monk

NOVEMBER 14, 2022

For others, they’re signs of elevated stress levels, which can definitely lead to eating way too many cookies. An advertising strategy and budget Financial projections Demand forecasting Growth strategy (see our guides to growth and scaling your ecommerce business). 2 Analyze Your Past Data and Compare It to Current Trends.

eCommerce 52

eCommerce Material Savings Inventory Reduction Cost Reduction 52

Sabinext

JANUARY 15, 2021

More resilience requires moving away from a single sourcing strategy to diversification (China +1, for example) and more distributed safety stocks enabled by central visibility. We have huge amounts of data at our disposal and with the expansion of real-time visibility even more data will become available. Sustainability.

Supply Chain Software 87

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 87

20Cube Logistics

NOVEMBER 13, 2019

Inventory management, picking, packing, and shipping are all time and resource-intensive processes which can have a dramatic impact on a business’s bottom line.”. Let’s look at some of the benefits of predictive analysis: Identifying real-time patterns and data accurately. Reasons why one should not skip using the predictive analysis.

Supply Chain Software 40

Supply Chain Software Analysis Supply Chains Inventory Reduction 40

Logistics in War

MAY 23, 2020

Open source platforms will integrate readily with other similar platforms allowing machine-to-machine communications and real-time data exchange so they can self-learn and make decisions. Problem definition. By 2030 and beyond, mines will feature autonomous machines working with other autonomous machines to complete tasks.

Logistics Network Optimization Software 103

Logistics Network Optimization Software Digital Supply Chain Design Software Supply Chain Software 103

Ship Monk

JANUARY 20, 2023

In PART 2 of our epic ecommerce terms guide and glossary, we’re here for you—the ecommerce merchants and entrepreneurial warriors of the world—to explain key terms relating to ecommerce, logistics, fulfillment, inventory, and more. To the supplier, the steel is merchandise inventory (a.k.a. finished goods).

eCommerce 52

eCommerce Inventory Reduction Material Savings Manufacturing Procurement 52

GlobalTranz

FEBRUARY 25, 2021

According to the Council of Logistics Management, it is “the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.

Reverse logistics 84

Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

Morai Logistics

SEPTEMBER 14, 2018

The definition of ‘supply chain’ has also shifted over time. Technology provides an unceasing transmission of insight in the form of big data. On August 9th, 2018, Morai Logistics released an eBook entitled Customer Service: A Long Term Strategy for Future Supply Chains. This correlates to the advancement of technology.

Supply Chain Software 102

Supply Chain Software Supply Chains Modeling Software Logistics Network Optimization Software 102