The Logistics of Logistics

FEBRUARY 12, 2021

Freight damage is not only expensive and upsetting to customers, but it is also ridiculously hard to figure out where, when, and how it occurred. Ilya was formerly a strategy and operations management consultant within the Big 4 with both PwC and KPMG, advising Fortune 1000 clients across healthcare, technology, and private equity verticals.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

3PL Links

MAY 9, 2024

Smart warehousing is a sophisticated inventory management approach that maximizes the transportation, storage, and distribution of goods and materials within the company by utilizing data analytics and state-of-the-art technologies. The system receives immediate notification of any movement without requiring a manual relay of the event.

Warehousing 48

Warehousing Optimal Sourcing Inventory Reduction Expense Reduction 48

Logistics Viewpoints

NOVEMBER 22, 2022

Trucking companies need to manage many layers of safety and compliance, and while insurance is just one of them, it’s also among the most important and expensive. So, in an era of escalating costs, carriers need to always be on the lookout for ways to cut costs while maintaining proper and sufficient coverage.

Cost Reduction 127

Cost Reduction Expense Reduction Tips Trucking 127

Logistics Viewpoints

JANUARY 21, 2021

Machine learning (ML) techniques can be applied to provide more accurate transit information and estimated arrival times (ETAs) by analyzing the historical shipment data in your transportation management systems. Increased lead time accuracy reduces risks involved in transportation and logistics, improving your overall supply chain.

Inventory Reduction 208

Inventory Reduction Supply Chain Planning Software Cost Reduction Logistics Network Optimization Software 208

Logistics Viewpoints

JANUARY 17, 2023

Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products. To counter strong inflationary pressures of the past few years, banks and governments increased interest rates, making borrowing much more expensive.

Supply Chain Software 118

Supply Chain Software Optimization Software Optimal Sourcing Logistics Network Optimization Software 118

3PL Links

APRIL 5, 2024

Increasingly quick delivery requirements, fluctuating transportation costs, and unpredictability of outside events are just a few of the supply chain management difficulties businesses confront. When implemented properly, this strategy improves customer satisfaction, lowers expenses, and strengthens the company’s position in the market.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Sourcing Strategies 48

FreightWaves SONAR

JULY 24, 2023

As the industry struggles to recover from the unprecedented global events of 2020, recognizing budget limitations is essential for industry growth and success. The costs of logistics as a ratio of total expenses are too significant to ignore. Measuring performance with transportation KPIs and freight data is getting easier.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

The Logistics of Logistics

MAY 8, 2021

She is a sought after author and speaker having been published in various books, articles, and white papers and spoken at dozens of industry events. Circular supply chains are interconnected systems that use secondary and regenerative inputs to generate value by reducing and extending resource use. Is circular economy more expensive?

Supply Chain Software 195

Supply Chain Software Supply Chains Waste Reduction Expense Reduction 195

Freightos

APRIL 27, 2023

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Data 62

Data Freight Optimal Sourcing Supply Chain Software 62

FreightWaves SONAR

NOVEMBER 24, 2020

Supply chain intelligence and actionable insights must apply the most accessible, near real-time data available. Analytic data resources for brokers are great, but it’s equally important to realize that FreightWaves SONAR is much more than a broker-exclusive resource. Email and fax don’t cut it. Download the White Paper.

Data 105

Data Supply Chain Planning Software Resource Reduction White Paper 105

3PL Links

APRIL 29, 2024

Although reaching this goal is not easy, it is feasible to improve service levels, boost income, and save expenses by using technology and effective supply chain management. Automation in this context is greatly aided by system integration, which enables effective communication between various software programs.

Supply Chain Software 48

Supply Chain Software Supply Chains Optimal Sourcing Trends 48

WorkWave

SEPTEMBER 6, 2023

Not only does it provide a space to test hypotheses, but it takes it a step further, giving you results and data to power smarter decisions based on accurate data. Using Simulations allows them to prepare for the intense growth that comes with catering a large event, adding a new facility and more.

Expense Reduction 96

Expense Reduction Cost Reduction Resource Reduction Scenario Planning 96

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. Efficient replenishment strategies: Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. Efficient replenishment strategies: Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Stord

MAY 3, 2018

Stagnant, stiff supply chains make adapting to real-world events like changing customer demand caused by the e-commerce boom or COVID-19 difficult. A quick review of internal processes and distribution strategy can eliminate touch points and wasted movement. Maybe you need to consolidate shipments and pool distribution?

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Inventory Reduction Optimization Software 78

Logistics at MPEPS at UPV

MARCH 8, 2022

According to energy industry analysts, it is highly unlikely that Russia will completely cut off gas supplies to Europe. In the event of a pipeline disruption, Europe could cushion the impact by increasing LNG imports and seeking alternative gas delivery pipelines. such purchases would be more expensive.

Expense Reduction 52

Expense Reduction Supply Chains Cost Reduction Procurement Analytics 52

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. Efficient replenishment strategies : Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

GoShip Blog

JANUARY 19, 2024

This knowledge is not just about cost-saving; it’s about optimizing logistics strategies in a world where efficiency and timeliness are paramount. Currency fluctuations impact the cost-effectiveness of international shipping routes, affecting overall freight expenses.

Cost Reduction 52

Cost Reduction Expense Reduction Price Reduction Trends 52

Logistics Business Magazine

OCTOBER 9, 2023

Edward Napier-Fenning, Sales & Marketing Director of leading supply chain software company Balloon , explores five key areas that can boost performance – including route planning, picking, labour management reporting and data entry. Quite suddenly, Artificial Intelligence (AI) is everywhere.

Warehousing 66

Warehousing Sourcing Strategies Supply Chain Planning Software Resource Reduction 66

Logistics Viewpoints

SEPTEMBER 6, 2022

Here are 10 reasons to implement a Cloud Multi-Carrier Parcel Management System: Low Barriers to Entry : A cloud system eliminates expensive, upfront installation-related expenditures associated with hardware and software, enabling any size organization to utilize the technology. Why the sudden increase in popularity?

Supply Chain Software 130

Supply Chain Software Logistics Network Optimization Software Expense Reduction Resource Reduction 130

Talking Logistics

OCTOBER 10, 2017

The industry is moving in an unprecedented direction that is increasingly digitized and more data-centric than ever, and logistics leaders are looking to increase efficiency with artificial intelligence (AI). And at the conference it was clear that the data problem is still huge and everyone needs a better way to solve it.

Conference 67

Conference Supply Chain Planning Software Data Supply Chain Software 67

FreightWaves SONAR

JUNE 7, 2023

Even after the long series of contract rate cuts that began in July 2022, transportation managers and supply chain leaders still have a cost-reduction role to play in 2023. The best part is that most shippers are in a position to cut spend without sacrificing the high service levels they’ve finally been able to restore.

Inventory Reduction 52

Inventory Reduction Cost Reduction Optimal Sourcing Price Reduction 52

GlobalTranz

JUNE 29, 2017

Editor's Note: Today's blog comes from Katie Cruze at considerdigital.com who give us the top 5 reasons why data quality is important. Data, for most companies, is often collected for record-keeping purposes. For many companies, managing the quality data can seem like an overwhelming task.

Data 77

Data Waste Reduction Sourcing Strategies Expense Reduction 77

FourKites

DECEMBER 11, 2020

We’ll list some examples of inventory risks below, but generally speaking, inventory risk cost can be assessed as the probability of any event occurring which can damage or cause you to lose your investment in that inventory, coupled with the total value of potential lost goods. How to reduce carrying cost? Warehousing.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Resource Reduction 52

Locus

JULY 24, 2023

If done right, load matching means better resource optimization, cost reduction, streamlined operations, and ultimately, happy customers and businesses. Load matching takes into account cost considerations such as carrier rates, fuel expenses, toll charges, and other operational costs. compared to 2021, reaching $2.251 per mile.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Optimization 52

WorkWave

MARCH 19, 2023

A delivery driver’s life will be less stressful if they’re ready for unexpected events and can respond appropriately. The real-time traffic data permits users to make timely route adjustments. Nevertheless, it’s possible to eliminate that issue by integrating the app with route optimization software such as WorkWave.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Reduction Expense Reduction 52

Envase Technologies

JULY 18, 2023

In the piece, we discussed track and trace technology from the standpoint of why shippers appreciate location data. There are also some shippers whose legal teams are asking for location data to limit their liability in the event of an accident. But the value of track and trace isn’t limited to shipper requirements.

Tracking and Tracing 40

Tracking and Tracing Cost Reduction Expense Reduction Optimization Software 40

GlobalTranz

NOVEMBER 12, 2015

Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement. Order Processing Capabilities.

Data 91

Data Vendor Strategies Logistics Network Optimization Software Expense Reduction 91

GlobalTranz

MARCH 6, 2018

Traffic and congestion are expensive and annoying problems for any city and its people. It sounds like the stuff of shiny futures, but the reality of autonomous cars that talk to each other — as well as with government data systems — is already here. It seems to have been getting worse for a while , too. The answer?

Expense Reduction 67

Expense Reduction Cost Reduction Logistics Network Optimization Software White Paper 67

Trinity Logistics

JANUARY 19, 2024

Businesses constantly seek innovative solutions for their supply chains to streamline operations, reduce costs, and enhance customer experience. Generative AI is first trained on a foundational model and then fine-tuned with human feedback and additional data. 10- 15 years ago, it was far too expensive. But can it do just that?

Supply Chain Software 115

Supply Chain Software Logistics Network Optimization Software Modeling Software Supply Chains 115

GlobalTranz

OCTOBER 14, 2015

Technology can help to simplify your supply chain management, which will enable your business to operate more efficiently, give you more visibility and control over your inventory, and help to reduce your operational costs. Radio frequency identification (RFID) has become one of the megatrends in logistics.

Supply Chain Planning Software 104

Supply Chain Planning Software Supply Chain Software Supply Chain Technology Sourcing Strategies 104

Logistics Viewpoints

AUGUST 16, 2021

ARC’s definition is that a supply chain collaboration network is a “collaborative solution for supply chain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds. Industry and government data can be used to increase forecast accuracy.

Supply Chain Planning Software 154

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 154

Freightos

MARCH 23, 2023

In the debrief department, Sea Intelligence’s Alan Murphy shared data confirming that – of course – surging demand was the trigger for the unprecedented ocean situation. What just happened??? More (too much?) My favorite: MSC’s orders are equal in size to Hapag-Lloyd’s current active fleet.)

Price Reduction 62

Price Reduction Inventory Reduction Industry Cost Reduction 62

Logistics Business Magazine

APRIL 26, 2021

Products such as the Trakm8 Connect 330 help prevent expensive downtime by alerting managers to minor faults before they develop into major ones, encourages safer driving practices and can save dozens of work hours lost to byzantine route management systems and spreadsheets. Since 2018, Autoglass has: Reduced speeding events fleet-wide.

Cost Reduction 65

Cost Reduction Expense Reduction Logistics Network Optimization Software Data 65

Logistics Bureau

JULY 10, 2018

While the development of a wholly demand driven supply chain (DDSC) might not be for every enterprise, there is no doubt that many can benefit from such as strategy. “In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” ” – Mark Zuckerberg.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Design Software Inventory Reduction Supply Chain Software 48

Logistics Viewpoints

JUNE 1, 2021

Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. Too much stock, they don’t enjoy their profits as much and incur unnecessary expenses. The solution of incorporating promotions while managing inventory lies in data analytics.

Supply Chain Planning Software 112

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Inventory 112

Logistics Viewpoints

JANUARY 10, 2024

2021 was the trough with in-person events severely limited. Last year brought in a revival of events, but with a few still either provided virtually or postponed for one more year. This year I believe we will not only see a return to the prior number of events, but also record attendance. Why is o9 Solutions Growing So Fast?

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Optimization Software 150