Logistics Problem Solving

JUNE 30, 2017

Logistics strategy has evolved over the past few years. This put a lot of pressure on shippers as the old strategy of yelling louder at their carrier was no longer effective to reduce costs. The trend is now towards being data-driven with the data dictating the strategies. The most common barrier is fear.

Resource Reduction 48

Resource Reduction Cost Reduction Price Reduction Strategy 48

Logistics Viewpoints

MAY 10, 2022

For example, related to warehouse technology, a recent Lucas Systems industry study found 89% of respondents agreed that implementing artificial intelligence-based software within distribution centers can provide a competitive advantage. Does it require manual data entry? Technology can play an important part.

Vendor Strategies 109

Vendor Strategies Waste Reduction Cost Reduction Optimization Software 109

Logistics Viewpoints

MARCH 27, 2024

Examples of Supply Chain Robots at MODEX 2024 Several exhibitors at MODEX 2024 showcased their innovative solutions for supply chain robotics, demonstrating the diversity and potential of this field. Here are some of the examples that caught our attention.

Optimization Software 128

Optimization Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Software 128

Ship Monk

DECEMBER 12, 2022

When ecommerce business owners look for ways to increase revenue, they tend to focus on marketing campaigns designed to reach new customers, or promotions that entice existing customers to order more often. Order value is the amount your customers spend per order, so if everybody spends a little more, the average goes up.

Ordering 52

Ordering Purchasing Skills Price Reduction Cost Reduction 52

FreightWaves SONAR

MARCH 3, 2021

The idea went something like this: There is no strategy without intelligence , so gain as much information as possible on the current state of things. Let me share an example. If a customer placed an order and was told she would get the delivery next Thursday, the package better get there next Thursday. The importance of data.

Supply Chain Software 90

Supply Chain Software Supply Chains Data Optimization Software 90

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

MARCH 16, 2021

Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. However, the data [that powers them] hasn’t previously been utilized to its full capacity until recently.” Take the example of RCRPMF.USA in the image. last year and $2.19 the year prior.

Data 97

Data Efficiency Supply Chain Software Logistics Network Optimization Software 97

EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. For example, did you take out a loan through the Paycheck Protection Program ? Prepare for Upcoming Supply Chain Risks.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

FW Logsitcs

MAY 13, 2024

Businesses need to deliver orders quickly to meet customer expectations. By offering fast order processing, picking, packing , and shipping, businesses can meet these expectations. Happy customers receiving their orders quickly translates to positive reviews, increased brand loyalty, and ultimately, growth.

Supply Chain Design Software 52

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

Logistics at MPEPS at UPV

MARCH 1, 2022

(According to one of Square’s writers, ‘an omnichannel strategy is a method that helps you create a seamless experience for customers across all the channels through which you sell’, and it connects your online and offline channels in a way that makes shopping or ordering easier for every customer.

Supply Chain Software 40

Supply Chain Software Examples Supply Chains Expense Reduction 40

Logistics Business Magazine

APRIL 19, 2024

By 2050, Europe should be the first CO2-neutral continent – that is the goal of the “Green Deal” In order to achieve this, there is more to be done, particularly in the transport sector. “Gruber Logistics is pursuing a sustainable, future-orientated strategy. In this case, this means in fractions of a second.

Transportation 61

Transportation Modeling Software Optimization Software Logistics Network Optimization Software 61

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

Locus

MAY 25, 2022

Take last-mile deliveries for example. During the 2000s, the standard delivery time in the US for an e-commerce order was 8-10 days. Here are seven key strategies that they have used to make it happen. The most basic thing a customer expects from you is to fulfill their orders on time. And how they have been changing!

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Logistics Viewpoints

JUNE 9, 2022

Transparent data prepared especially for your logistics operation will get you easily through your peaks. Suddenly, the situation changes, whether because of a new company strategy, ever-present retail dynamics or possibly due to a completely new influencing factor. Before the peaks – using data analytics to make the right decisions.

Optimization Software 134

Optimization Software Logistics Network Optimization Software Supply Chain Planning Software Modeling Software 134

Logistics Viewpoints

AUGUST 22, 2023

And in the intervening years — as we’ve leveraged real-time data, ML and AI to help countless companies answer the “where’s my truck” question — I’ve continued to underscore that visibility is a foundational technology. Moving data between systems was complex and laborious. In other words, visibility is an enabler. Lesson learned.

Supply Chain Planning Software 111

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 111

The Logistics of Logistics

MAY 12, 2021

Costco example: they sell different brands and market their brand Kirkland, which now accounts for approximately 25% of their revenue. Private label is becoming an important strategy for retailers. For retailers, this is an avenue where they can build more intimacy with their customers and capture more data and loyalty.

Supply Chain Software 368

Supply Chain Software Logistics Network Optimization Software Procurement Solutions eCommerce 368

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. Soon, it’ll almost be a guarantee that if you’re not leveraging modern data analytics properly, you’re losing money or leaving it on the table.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Logistics Viewpoints

DECEMBER 12, 2023

The rise of e-commerce has led to higher volumes of smaller orders that need to be fulfilled and shipped individually. Volatile demand means warehouses need to pivot quickly when order volumes change. It matches labor, equipment, and other resources accurately with order volumes, in real time. The result?

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 168

FreightWaves SONAR

MARCH 22, 2021

Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages. Download the White Paper.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

Turvo

JANUARY 26, 2021

That’s where supply chain data analytics comes into play. What Are Supply Chain Data Analytics and Why Are Supply Chain Leaders Looking to Them. Advanced data recordings and analytics help many leading companies improve their supply chain management teams’ smooth and effective operations.

Supply Chain Design Software 73

Supply Chain Design Software Supply Chain Software Optimization Software Supply Chain Design 73

Ship Monk

FEBRUARY 24, 2024

How much are you spending on manufacturing, shipping, marketing, customer support, logistics services, and order fulfillment services? For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client. There are many different models and formulas for strategically ordering inventory.

eCommerce 88

eCommerce Inventory Reduction Tips Waste Reduction 88

Logistics Viewpoints

MAY 22, 2023

Let’s replace “people” with “customer orders”, “family members” with “SKUs” and “housing” with “distribution locations” and you have the components of a common supply chain design problem. To solve this problem, we’ll need to do three things: understand the data, aggregate the data, and define the constraints.

Supply Chain Design Software 107

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 107

SYSPRO Smarter ERP

MAY 2, 2024

We are starting to see document recognition services in AI which automate tasks such as invoicing, purchase orders and bank reconciliations. Although machine learning models have been in place for some time, they are now becoming much more prevalent because of the high volumes of data in ERP systems.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

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. For example, are you still a minority owned company?

Manufacturing Procurement 131

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 131

GlobalTranz

NOVEMBER 12, 2015

We continue our series on strategic shipping by going into detail of the 10 main areas that shippers can turn to in order to have a strategic logistics and transportation management mindset. 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

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. Intelligent systems can continually replan, modify and optimise the routes as the order profile builds up.

Warehousing 63

Warehousing Sourcing Strategies Supply Chain Planning Software Resource Reduction 63

EazyStock

AUGUST 21, 2020

For businesses that carry non-perishable goods it’s tempting to order and carry surplus stock to help meet market demand and hit order fulfillment targets. In some circumstances carrying excess stock can be a good thing: having all items in stock helps avoid costly back orders and keeps customers happy.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

WorkWave

JANUARY 18, 2021

The data provided by analytics can help you find trends that lead to more informed decisions and improved operations. For instance, you can monitor: Revenue; Work orders; Marketing campaigns; Production. Another example of using software to automate tasks is a social media management dashboard. Prepare to Adapt.

Sourcing Strategies 98

Sourcing Strategies Inventory Reduction Tips Supply Chain Software 98

GlobalTranz

OCTOBER 5, 2018

An omnichannel retail strategy is the new norm in today’s supply chains. Therefore, an omnichannel retail strategy must become the new standard business model for companies wanting to remain competitive. This is most obvious in business models allowing for ship-to-store and curbside pickup of online orders. In fact, 78% of U.S.

Modeling Software 78

Modeling Software Sourcing Strategies Cost Reduction Supply Chain Planning Software 78

WorkWave

MARCH 26, 2024

Let’s delve into this topic to understand its significance and explore strategies for optimizing delivery routes to enhance customer satisfaction. Imagine ordering a package online and eagerly awaiting its arrival, only to face delays and uncertainties in the delivery process.

Optimization Software 105

Optimization Software Optimization Logistics Network Optimization Software Cost Reduction 105

Logistics Viewpoints

DECEMBER 5, 2022

But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. Those industries include data communications, medical, industrial, automotive and consumer electronics. We had a competitive advantage.

Supply Chain Planning Software 118

Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing Inventory Reduction 118

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. It can minimize the number of actual delayed shipments by making better planning decisions upfront before the orders are shipped.

Inventory Reduction 207

Inventory Reduction Supply Chain Planning Software Cost Reduction Resource Reduction 207

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. Obstacles to fully utilizing analytics included inaccurate data , cost, and lack of timely data. Supply chain data initiatives need a top-down mandate.

Supply Chain Software 69

Supply Chain Software Procurement Analytics Supply Chains Data 69

GlobalTranz

NOVEMBER 19, 2015

6 Benefits of Applying Useable Data in Logistics For Continuous Improvement. In this post we will talk about how you can improve your transportation management program by focusing on using data, extracted from the use of technology, such as a transportation management system, that then people can use to continuously improve.

Data 77

Data Sourcing Strategies Optimal Sourcing Transportation 77

Conger

APRIL 1, 2024

Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Examples include cleaning and lubricating the moving parts or replacing parts before they wear out. The secret to achieving efficiency lies in adopting robust maintenance strategies. Let’s dive in!

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

Logistics Business Magazine

JANUARY 13, 2021

In an industry where margins are already tight, the ability of Logistics Service Providers (LSPs) to harness data to make operational and strategic decisions – both in terms of responding to unforeseen events and delivering sustainable profits – can be the difference between survival and obsolescence. across the whole supply chain.

Collaboration 37

Collaboration Data Supply Chain Planning Software Cost Reduction 37

Logistics Viewpoints

MARCH 24, 2022

It allows them to identify the right carrier service and optimal point of origin for every parcel delivery, seize the best opportunities to cut costs and scale shipping strategies, offset carrier capacity constraints and capacity-based surcharges, reduce costs with bulk shipping, improve returns processes, and more.

Supply Chain Planning Software 131

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 131