GlobalTranz

NOVEMBER 21, 2017

In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain data can have a big impact on their bottom line. Some supply chain companies are leaning on the power of analytics to help streamline their processes and get ahead of their competitors. But the benefits far outweigh the challenges.

Supply Chain Software 69

Supply Chain Software Procurement Analytics Supply Chains Data 69

Logistics Bureau

APRIL 4, 2022

At Logistics Bureau, we capture, analyse, and exploit freight benchmarking data to help us when we provide freight contract negotiation services for our clients. How Can Your Business Benefit from Freight Benchmarking? Freight Benchmarking: How to Do it Right. The Pros and Cons of Procuring a Benchmarking Tool.

Negotiating Skills 82

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

GlobalTranz

AUGUST 4, 2015

In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

Manufacturing Procurement 99

Manufacturing Procurement Procurement Analytics Optimization Software Optimization 99

FreightWaves SONAR

JUNE 5, 2023

Lack of data, lack of conviction and lack of organizational agility all conspire to keep companies from recognizing medium-term opportunities and challenges and responding decisively. It’s hard to find good data that provides a view into the next few months of consumer behavior and economic activity.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Data Freight 52

EazyStock

DECEMBER 13, 2021

Help Avoid Stockouts with a Simple Risk of Stockout Report. 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. A basic risk of stockout spreadsheet can be easily set up using the following data: Current stock items, items on order and in transit. Demand forecasts.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Trinity Logistics

NOVEMBER 30, 2021

And if you’re looking to purchase software outright versus outsourcing with a 3PL, you’ll soon realize that not all transportation management software companies offer the same thing. You’re going to need to build out a team of transportation management software specialists who can expertly use, read, and pull reporting from your new TMS.

Supply Chain Design Software 85

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 85

Logistics Viewpoints

MAY 11, 2023

How the digital twin concept drives benefit By using advanced analytics and machine learning algorithms, digital twins can provide real-time insights and recommendations to optimize operations, reduce costs, and increase productivity.

Optimization Software 141

Optimization Software Supply Chain Design Software Modeling Software Digital 141

Logistics Bureau

OCTOBER 20, 2021

You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supply chain organisation. These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.”

Supply Chain Design Software 96

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

The Logistics Academy

JUNE 11, 2017

Increasingly, supply chains are all about the data. In the most memorable scene in The Graduate not featuring Mrs. Robinson, Dustin Hoffman is offered a one-word piece of advice about how to succeed in business: “Plastics.” If I were writing that scene today, I’d substitute the word: Data. Plastics.”.

Data 40

Data Procurement Analytics Supply Chain Software Procurement Solutions 40

FW Logsitcs

MAY 13, 2024

Let’s delve deeper into these two crucial aspects and discuss how to optimize both for maximum growth. They expect fast and efficient delivery times, often viewing shipping speed as a key factor in their purchasing decision. The Need for Speed Today’s customers are accustomed to instant gratification.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Inventory Reduction Cost Reduction 52

Ship Monk

NOVEMBER 30, 2023

They’re called metrics, a set of constantly changing numbers and percentages that tell you how you’re doing from one day to the next. There are dozens of metrics you could track, but some are so important you should check them frequently. These are the metrics you want on your dashboard. What is a Metric?

Procurement Analytics 64

Procurement Analytics eCommerce Procurement Solutions Manufacturing Procurement 64

Camelot 3PL Software

JANUARY 14, 2021

According to a report by the Geneva-based International Federation of Red Cross and Red Crescent Societies (IFRC), global warming is not a direct cause of droughts or hurricanes, but it increases the frequency and exacerbates the risks of such events. Preparation Is Nearly Everything.

Inventory 52

Inventory Supply Chain Planning Software How To Procurement Analytics 52

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

Ship Monk

FEBRUARY 3, 2024

These people are genuinely interested in your product — so much so, that they have purchased your products. Your products are different, your sales cycle might be longer or shorter, your customers are different — so it’s useless to compare your conversion rate, for example, to an industry average.

eCommerce 81

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 81

GlobalTranz

FEBRUARY 6, 2017

Amazon’s purchase of Kiva Robots changed the landscape of robotics in the supply chain. Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. Robotics Will Grow More Versatile.

Supply Chain Planning Software 73

Supply Chain Planning Software Procurement Analytics Supply Chain Software Manufacturing Procurement 73

Parade

APRIL 22, 2019

Freight brokerages and logistics companies with capital are aggressively purchasing other companies with technology assets— this behavior has been accelerating, with a different acquisition or merger taking place every two weeks. Sears couldn’t imagine how Amazon was going to invade their space— but they did.

Security 68

Security Vendor Strategies Freight Industry 68

EazyStock

MARCH 3, 2022

In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items. How to implement JIC inventory management with optimum stock levels. Seasonal demand – religious festivals and seasonal weather patterns can affect purchasing habits.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

A recent report The Fictiv 2021 State of Manufacturing report has shown that many companies are in the process of becoming more digitally proficient and organized. It may be difficult to decide how to spend a limited budget on new digital technology. It ties into the ERP system where quotes and purchase orders are managed.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

Logistics Viewpoints

MARCH 25, 2024

Infor’s CEO, Kevin Samuelson Infor’s strategy for differentiating their business from competitors like SAP and Oracle rests on a truly differentiated approach to ensuring that their customers get ongoing value from the business applications they purchase. For example, Google Maps app is a public cloud application.

Vendor Strategies 135

Vendor Strategies Resource Reduction Material Savings Supply Chain Design Software 135

Ship Monk

JULY 28, 2022

This is important because inventory is considered an asset, and its value must be calculated at the end of every accounting period for financial reporting. This article will show you the difference between these types of inventory and how to calculate Work in Process inventory. How to Calculate Inventory Assets.

Inventory 64

Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

EazyStock

FEBRUARY 1, 2021

In Q3 of 2020 Amazon reported sales up 37% year-on-year, with eBay close behind at 25%. The objective of eCommerce inventory optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. Better Inventory Management for eCommerce.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

Conger

MAY 24, 2023

Examples of manufacturers that can use automatic replenishment are electronic manufacturers, automotive, pharmaceuticals, textiles, and more. Examples of retailers that use automatic replenishment are Walmart, Dollar Tree, Target, Costco, and Tesco. 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

Logistics Business Magazine

SEPTEMBER 24, 2021

Royal Mail recently reported disruption to deliveries in 12 different postcodes across the UK after a wave of staff were forced to self-isolate. MusicMagpie, for example, successfully slashed their “where is my order” contact enquiries by 63% after they incorporated automated tracking. Step 1: automated tracking.

How To 51

How To Supply Chain Software Automation Procurement Analytics 51

Logistics Problem Solving

NOVEMBER 20, 2018

To decide if the software will be successful for your company, look beyond the dashboard, reporting and promised analytics to three key processes: the implementation approach, how the software works with existing systems, and the quality of the data used by the software. Data Fuels Success. Implementation Approach.

Supply Chain Design Software 61

Supply Chain Design Software Supply Chain Planning Software Procurement Solutions Supply Chain Software 61

Freightos

MARCH 23, 2016

Here at Freightos, we’re big fans of making global logistics work better by bringing data online (and especially instant freight quotes!). And, like many other logistics startups , we’re particularly enthusiastic about how Big Data can change the way goods are moved around the world. Fundamental Feature.

Data 48

Data Logistics Network Optimization Software Supply Chain Software Modeling Software 48

GlobalTranz

MARCH 23, 2016

Use Pareto’s 80/20 principle to prioritize both negative and positive feedback from your customers and employees and continuously improve daily based on this data. How to Breakthrough Lean Culture Plateaus. Practices and learns how to apply Lean tools. These metrics would, of course, be aligned and are updated every hour.

Manufacturing Procurement 54

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 54

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. The data and analytics gathered during the measure phase is instrumental to a proper understanding of your operations. Putting it into Action.

Optimal Sourcing 62

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

Logistics Viewpoints

MAY 15, 2023

In Southern California, for example, they have a 670,000 square foot warehouse that serves eight different fast-growing ecommerce retailers. By operating hubs comprised of several warehouses located in a campus, GXO is able to increase operational agility, reduce reducing transportation costs, and speed up delivery times.

Efficiency 125

Efficiency Supply Chain Planning Software Optimization Software Supply Chain Software 125

Ship Monk

AUGUST 30, 2023

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. 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. (You

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

Ship Monk

DECEMBER 12, 2022

We’re going to give you nine examples for inspiration, but feel free to get creative. It’s one of the simplest ecommerce performance metrics to calculate. It’s one of the simplest ecommerce performance metrics to calculate. Offer free shipping with a minimum purchase. What is Average Order Value? 9 Ways to Increase AOV.

Ordering 52

Ordering Purchasing Skills Price Reduction Cost Reduction 52

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Losing multiple customers will significantly impact revenue.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Gather internal and external data. Promotion management.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

GlobalTranz

FEBRUARY 25, 2021

For example, the reverse logistics process includes the management and the sale of surplus as well as returned equipment and machines from the hardware leasing business. Customers expect to return products in the same way they purchased them, so it is not always as simple as just returning to a store.

Reverse logistics 84

Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

Freightos

FEBRUARY 4, 2020

The concept of an index, reporting the market price for a specific good, was developed precisely for this reason. And though the market index long predates digital computing, computing power combined with huge, aggregated data sets have proved fertile ground to improve visibility. Freight is somewhat notorious for price opacity.

Optimal Sourcing 94

Optimal Sourcing Purchasing Skills Procurement Analytics Optimization Software 94

SYSPRO Smarter ERP

MARCH 21, 2022

SCM solutions provide oversight of materials and products, and their associated data, as they move through the supply chain from supplier to consumer. By gaining access to the data in these processes, businesses are better able to coordinate workflows, improve efficiencies, and ensure that customers get the product they ordered.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

Morai Logistics

JULY 12, 2018

Machine Learning is a methodology analytics leader, SAS , describes as: A branch of artificial intelligence based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention. This advanced system of data analytics has helped transform our everyday lives.

Supply Chain Software 60

Supply Chain Software Optimization Software Supply Chains Modeling Software 60

WorkWave

SEPTEMBER 23, 2021

When you create your initial business model, consider the need for adjustments so that you can quickly shift priorities and adapt the model to match a growing industry with new ideas and innovative services for customers. For example, suppose your business offers certain specialized grocery products or local farm-to-table services.

Modeling Software 52

Modeling Software Optimization Software How To Procurement Solutions 52