FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms.

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Analysis Supply Chain Software 48

Logistics Business Magazine

AUGUST 31, 2023

Freight procurement processes have always been noted for their high levels of complexity which increases exponentially during peak shipping season. This article by SHIPSTA addresses six of the most common challenges that can surface in peak shipping season, while providing solutions on how to best address them.

Optimal Sourcing 54

Optimal Sourcing Negotiating Skills Sourcing Strategies How To 54

Logistics Viewpoints

NOVEMBER 8, 2023

Companies can begin to offset their carbon footprint by taking a deeper look at their supply chain, including product packaging, energy efficiency, alternative fuels, route optimization, and returns and recycling programs. The big problem is that most companies do not have benchmark data available to begin the process.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Software Sourcing Strategies Optimization Software 130

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Yet, due to inadequate physical and digital infrastructure, many manufacturers lacked the flexibility they needed to take advantage of accelerated demand and were unable to optimize fulfillment. Manufacturers can use forecasting to support inventory optimization. Legacy systems:? Managing Inventory. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

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

SYSPRO Smarter ERP

SEPTEMBER 6, 2022

A practical way that manufacturers can do so is firstly through using data in more comprehensive ways and secondly by embracing digitization to optimize their operations for the future. Optimizing the use of data for manufacturers. Obstacles on the data journey for manufacturers.

Manufacturing Procurement 111

Manufacturing Procurement Factories Optimal Sourcing Supply Chain Software 111

Logistics Viewpoints

JUNE 7, 2021

When companies implement a demand management or replenishment system, the goal is usually to improve customer satisfaction while holding less inventory. The implementation also involves leveraging weather data to improve forecasting. This data leads to a better baseline forecast. This is also rare.

Optimal Sourcing 100

Optimal Sourcing Transportation Inventory Reduction Supply Chain Planning Software 100

Blue Grace Logistics

OCTOBER 7, 2021

The shipping industry must use technology and digitization to optimize operations and achieve their sustainability goals. . What’s in this article: How to gain sustainability through digitalization and technology. Through warehouse management software and data streamlining, processes can be automated and optimized. .

Waste Reduction 62

Waste Reduction Optimal Sourcing Meeting Supply Chain Planning Software 62

Ship Monk

AUGUST 30, 2023

If you’re on the low end of this scale, there’s room for improvement. Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. So, what is the right kind of data and how do you gather it?

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

Logistics Business Magazine

APRIL 19, 2024

Vast amounts of data, including banking and payment data, move through the average logistics business daily. As such, it’s vital that the logistics sector is equipped to deal with the threat of cyber hacking, and that a business has the infrastructure in place to protect its data.

Logistics Network Optimization Software 63

Logistics Network Optimization Software Supply Chain Software How To Modeling Software 63

Logistics Viewpoints

SEPTEMBER 7, 2022

Within this discipline, one of the toughest challenges is how to get visibility to problems arising across the extended supply network. Becton Dickinson (BD) has been on a journey to improve visibility into their extended supply chain. The company had access to huge amounts of trade data, for example. But I was skeptical.

Supply Chain Software 123

Supply Chain Software Supply Chains Optimal Sourcing Procurement Solutions 123

Logistics Viewpoints

APRIL 3, 2023

Aera is using data crawlers to crawl across billions of rows of transactional data on a monthly basis. This is combined with data from external sources on weather, logistics lead times, and sustainability performance. They are designed to have minimal impact on the performance of the underlying source systems.

Supply Chain Planning Software 151

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 151

GoShip Blog

AUGUST 29, 2022

In this day and age where people’s data is being input into most, if not all, websites people are using; it is important that this valuable information is protected. Without proper data integrity, third parties or those with malicious intent may access your data without permission for their own personal gain.

Data 52

Data Optimal Sourcing Optimization Software Security 52

AIMMS

MARCH 2, 2021

Districon is a consulting company that brings the power of optimization and analytics closer to supply chain processes. What is S&OE and what does it entail to develop a companion app with optimization capabilities? S&OE is all about how reality compares to the S&OP plan. S&OE and Data/Integration.

Optimal Sourcing 83

Optimal Sourcing AIMMS Supply Chain Planning Software Modeling Software 83

Trinity Logistics

SEPTEMBER 16, 2021

Before we jump into how to reduce your transportation costs, it’s essential to understand what factors are causing them to rise. There are several ways to reduce transportation costs while also improving your logistics. USE ANALYTICS TO IMPROVE OPERATIONS. GET DATA-DRIVEN INSIGHTS. WHY COSTS ARE RISING. PREPARE AHEAD.

Cost Reduction 76

Cost Reduction Expense Reduction Price Reduction Vendor Strategies 76

SYSPRO Smarter ERP

MARCH 29, 2022

.” World Economic Forum – The Fourth Industrial Revolution: what it means, how to respond. This will result in increasing automation, improving communication, and much greater availability of real-time information upon which decisions can be made. As one business person commented : “Think big, start small, and then scale fast.”.

Manufacturing Procurement 116

Manufacturing Procurement ERP Digital Modeling Software 116

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. For example, go to the Walmart, turn right, and it is the third house on the left. How will total landed costs be impacted by adding a new supplier?

Supply Chain Design Software 153

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 153

GlobalTranz

APRIL 20, 2021

A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. To increase resiliency, consider broadening the supplier base and adding local or near-shore sources. Utilize a TMS That provides real-time data to remain agile.

Supply Chain Planning Software 115

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

Talking Logistics

AUGUST 8, 2017

In today’s post, I’ll share some concrete examples of machine learning applications used today in the context of S&OP. The first example is to use machine learning for improving the results of your promotions and improving sales. Take the Coca Cola company, for example. Machine learning to boost your sales.

Optimal Sourcing 63

Optimal Sourcing Supply Chain Planning Software How To Scenario Planning 63

Trinity Logistics

NOVEMBER 30, 2021

Particularly, sourcing your TMS through a 3PL provider can have some major benefits, especially for small- to medium-sized businesses. Order planning This will help you with routing, optimizing your delivery processes, integrating your delivery data, and getting a granular view of all transportation stages.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 88

Blue Grace Logistics

JULY 21, 2020

Understanding the nuances of your supply chain and how to improve upon it is the best way to achieve maximum savings, optimize efficiency, and manage customer expectations. Measuring can help you to: Analyze the need for process improvements. Understand where cargo can be consolidated to increase cost savings.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Cost Reduction Supply Chain Software 62

Conger

DECEMBER 13, 2022

Improve Internal Communication. Improve External Communication. When switching suppliers, use a sourcing solution so that you avoid inventory deficits and get back up and running with the new supplier quickly. Improve Internal Communication. Improve External Communication. Let's dive in! Table of Contents.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

Stord

JANUARY 11, 2022

Stord’s team works with hundreds of companies every day to drive efficiencies and optimize their operations across a range of freight, warehousing, fulfillment and packaging requirements. For example, the price of 42# linerboard has gone up 35% in the last 12 months, over the course of 4-5 price increases.

Supply Chain Planning Software 78

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

Transporeon

APRIL 17, 2017

More and more shippers are calling for bids on their transportation and logistics contracts using an e-sourcing method, which helps save almost 19% on freight expenses while also making bidding processes 30% more efficient. Here’s how to keep the digital process going. Who manages the contracts when calling for bids?

Optimal Sourcing 48

Optimal Sourcing Sourcing Strategies Sourcing Digital 48

Logistics Viewpoints

MAY 18, 2022

It began with the sourcing, manufacturing, and distribution of necessities for life. Right now, we are looking for a giant breakthrough, giving examples such as the emergence of Google and FaceTime. combines heuristics, optimization, and machine learning. Sicard made another statement that really stuck with me as well.

Supply Chain Planning Software 101

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Optimization Software 101

Blue Grace Logistics

MARCH 17, 2022

How to help manage overall transportation costs. How high diesel prices may change future freight procurement strategies. One turnkey approach to managing costs in volatile markets can be to focus on reducing costs where you do have control: Sourcing strategies. Optimize Your Shipments. Modal Optimization.

Cost Reduction 62

Cost Reduction Price Reduction Expense Reduction Waste Reduction 62

EazyStock

DECEMBER 13, 2021

However, there are steps you can take to improve your inventory management processes and be better prepared to prevent regular stock availability crises in your business. For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. Ensuring your Data is Accurate and Up-to-Date.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Sabinext

FEBRUARY 11, 2019

London, for example, accounts for 32 % of the UK’s national GDP produced by only 23 % of the population. They need skilled and ongoing maintenance, and as the data above shows, the stakes are too high for them to fail to support their millions of inhabitants and thousands of businesses, as well as their country’s economic health.

Optimal Sourcing 67

Optimal Sourcing How To Logistics Network Optimization Software Logistics 67

EazyStock

APRIL 18, 2023

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. How can you manage these higher costs?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

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 Bureau

OCTOBER 29, 2020

Suppose you wanted to be the fastest runner in the world, for example. It’s still just as important, though, if you want your business to improve, to know how you compare, and how good you have to be to be the best. How Can a Business Start Benchmarking? Good Data is Key to Success with SCOR.

Supply Chains 79

Supply Chains How To Scenario Planning Cost Reduction 79

GlobalTranz

NOVEMBER 19, 2015

Today we continue our long series and look at teaching shippers how to remain strategic when it comes to logistics and their transportation management program. 6 Benefits of Applying Useable Data in Logistics For Continuous Improvement. The Use of Data to Create a Successful Transportation Management Program.

Data 77

Data Sourcing Strategies Optimal Sourcing Transportation 77

Blue Grace Logistics

JULY 8, 2022

SMC3, for example, provided pricing for trucking, which almost seamlessly moved into the digital space. PortXchange in Rotterdam and Innovez-One out of Singapore are examples. Data cleanliness and accuracy is a widespread issue. that generate data. that generate data. Therein lies the problem.”

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Optimization Software 62

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. When evaluating your customers’ needs, thinking about how to design your company’s service to meet them is natural. What Next for Toyota IM?

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

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. First, we’ll look at the main areas that an ecommerce business might target for improvement or performance goals. Once you understand the method, settling on the best KPIs for your business gets a lot easier.

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

Conger

MAY 24, 2023

Examples of manufacturers that can use automatic replenishment are electronic manufacturers, automotive, pharmaceuticals, textiles, and more. It can also improve their customer’s satisfaction by ensuring that the products they need are always available. How Does Auto Replenishment Work? Here's how it works: 1.

Replenishment 40

Replenishment Supply Chain Planning Software Supply Chain Design Software Optimization Software 40

Ship Monk

FEBRUARY 8, 2023

Whether you manage your own fulfillment warehouse or outsource ecommerce order fulfillment and logistics to a 3PL , there is always room for improvement. But how do you identify what is going well and what needs improving? Metrics vs. KPIs Metrics and KPIs are often confused for one another, but there are subtle differences.

Optimal Sourcing 59

Optimal Sourcing Operations Optimization Software Inventory Reduction 59