Logistics Viewpoints

FEBRUARY 3, 2022

Companies knew this, which is why 93% of senior supply chain leaders surveyed in May 2020 by consulting firm McKinsey planned to increase inventories of key products and materials while also diversifying their supply base and localizing or regionalizing both supply and production. A change to one link (e.g. on-time delivery).

Inventory Reduction 174

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Inventory 174

Logistics Viewpoints

JANUARY 26, 2021

This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

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

SYSPRO Smarter ERP

JULY 4, 2022

According to the recent SYSPRO global research survey, an enormous 82 percent of Fabricated Metal Manufacturers experienced supply chain and material handling disruptions over the past twelve months. Time-stamped data records can be integrated with a cloud ERP system to improve the ability to make decisions quickly and optimize operations.

Optimization Software 111

Optimization Software ERP Supply Chain Software Manufacturing Procurement 111

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. Show me that you care what I think.

eCommerce 81

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 81

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.

Optimal Sourcing 94

Optimal Sourcing Purchasing Skills Procurement Analytics Optimization Software 94

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. At a high level, what GEON does is purchase plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility.

Supply Chain Planning Software 141

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 141

GlobalTranz

MARCH 17, 2016

Purchasing and supply executives predict that the global manufacturing industry will continue to expand. Predictive Data Analytics. Chinese executives see predictive analytics as the key to competing with U.S. Chinese executives see predictive analytics as the key to competing with U.S.

Manufacturing Procurement 64

Manufacturing Procurement Supply Chain Software Supply Chain Design Software Supply Chain Planning Software 64

Logistics Business Magazine

AUGUST 11, 2023

Even though many ecommerce merchants use data-backed buying personas, that provide insight into the purchasing decisions of their customers, many are only truly starting to get to grips with the next part associated with buying personas – and that is appreciating that consumers have delivery personas too.

Groups 57

Groups eCommerce Purchasing Skills Procurement Analytics 57

Logistics Viewpoints

FEBRUARY 8, 2022

As physical stores opened, shut down and re-opened again, consumers became more flexible in the way they shop for, and purchase, just about every product. According to a recent article in Forbes , 48% of consumers today prefer a hybrid shopping model that combines online and in-store components.

Optimal Sourcing 113

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 113

GlobalTranz

AUGUST 18, 2015

Companies based on assets have had years of experience in purchasing trucks and managing warehouse inventories. What Data Analytics and Business Process Strategy Services Are Offered? Shippers report capacity as their top concern for selecting a 3PL service provider, specifically 65 percent of surveyed shippers.

Logistics Network Optimization Software 96

Logistics Network Optimization Software Procurement Analytics Inventory Reduction Supply Chain Software 96

Logistics Bureau

JANUARY 7, 2020

According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. Conversely, just 8% of businesses with less capable supply chains report above-average growth. Supply Chain and Business Success By the Numbers. Supply Chain Strategy.

Supply Chain Design Software 122

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

Logistics Bureau

JANUARY 9, 2019

According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. Conversely, just 8% of businesses with less capable supply chains report above-average growth. Supply Chain and Business Success By the Numbers. Supply Chain Strategy.

Supply Chain Design Software 118

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

Blue Grace Logistics

MAY 7, 2019

Supply chain and transportation are two of the biggest cost centers in an organization. The cost for these functions is measured as a percentage of sales and differs from industry to industry. However, according to this McKinsey study, most industries report supply chain and logistics cost in the range of 1.8%

Negotiating Skills 48

Negotiating Skills Purchasing Skills Supply Chain Planning Software Supply Chain Software 48

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

247 Customs Broker

APRIL 6, 2018

More than 500 qualified respondents to our “34th Annual Salary Survey” report that their salaries moved up only incrementally last year. We see that 64% report a small bump up in salary, but, at the same time, 77% reported that their job functions had increased.”. Now I’m charged with purchasing and releasing them too.

Survey 28

Survey Negotiating Skills Supply Chain Planning Software Manufacturing Procurement 28

247 Customs Broker

MARCH 1, 2018

If there were one clear-cut conclusion to be drawn from our “2018 Warehouse and Distribution Center (DC) Equipment Survey,” it would be that the outlook for spending is bullish. At the same time, the survey revealed growing interest in the use of relatively new types of technology, including robotics, drones and smart glasses.

Supply Chain Software 28

Supply Chain Software Survey Automation Supply Chain Planning Software 28

IoT World Today

MARCH 27, 2020

Bouncing back more quickly, said experts, will require supply chain managers to turn to new ways of managing the supply chain, including using Internet of Things (IoT) data, analytics and machine learning (ML). Bringing Analytics to Supply Chain Management. An AI system needs to be fed data sets to learn how to behave and react.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Procurement Analytics 145

Locus

MARCH 28, 2022

For example, clothing stores enable customers to browse and try out the merchandise in person, get helpful suggestions from the human sales staff, and receive a seamless checkout experience with automated cashiers. Myntra’s Roadster Go (India) store is a fine example of this category. How COVID-19 has changed the face of retail.

Cost Reduction 52

Cost Reduction Supply Chain Planning Software Inventory Reduction Price Reduction 52

Ship Monk

AUGUST 8, 2023

The MonkProtect post-purchase suite also includes a branded tracking page, so participating customers don’t have to go to a carrier’s website to track their orders. Centralize customer interaction data. Product reviews and post-purchase satisfaction surveys are also good sources, as long as someone is reading them.

Ordering 52

Ordering Logistics Network Optimization Software Purchasing Skills Material Savings 52

CLX Logistics

APRIL 27, 2016

As digitization continues to modify the global supply chain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supply chain visibility. Track, Trace and Collect Data from Key Partners. By Cosmas Hoefnagels for Talking Logistics.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 40

GlobalTranz

MARCH 23, 2016

You use a Voice of the Customer (VoC) survey to obtain negatives and positives from your customers. 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. 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

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%. You can also track conversion rates for other actions you want customers to take, such as email signups or social followers, but an ecommerce conversion rate commonly tracks those that result in a purchase.)

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

GlobalTranz

NOVEMBER 10, 2015

For these companies, the use of a dedicated transportation management system, such as Cerasis™ Rater , can be deployed to lower transportation costs across the entire supply chain. However, costs can be further reduced through the use of a warehouse management system (WMS). Implementation Costs.

Supply Chain Planning Software 90

Supply Chain Planning Software Optimization Software Inventory Reduction Cost Reduction 90

Freightos

FEBRUARY 16, 2020

The US-China trade war is another troubling example of how unexpected disruption can impact global trade and SMBs’ ability to compete. . Tariffs of course have impacted enterprise US businesses in tangible ways including higher costs to purchase imported goods and reductions in US manufacturing. The Trade War Impact.

Supply Chain Software 71

Supply Chain Software Supply Chains Purchasing Skills Manufacturing Procurement 71

Logistics Viewpoints

AUGUST 23, 2021

In one McKinsey survey of more than 100 large organizations in multiple sectors, companies that regularly collaborated with suppliers demonstrated higher growth, lower operating costs, and greater profitability than their industry peers. Those include trust issues, the operating model, and technology.

Collaboration 163

Collaboration Supply Chain Planning Software Optimal Sourcing Modeling Software 163

GlobalTranz

DECEMBER 17, 2014

Today we pick up our series on all things Electronic Data Interchange or EDI by busting the common myths around implementing an EDI Integration program. The truth is, many myths have circulated throughout the business world, and electronic data interchange is the focus of quite a few of these myths. and a remittance is $12.96.

Supply Chain Software 93

Supply Chain Software Sourcing Strategies Expense Reduction Cost Reduction 93

GlobalTranz

APRIL 5, 2016

Predictive analytics , which identify the intrinsic inefficiencies in simple processes that did not warrant in-depth review in response to the Great Recession. For example, the Cerasis Rater enables rapid reporting, tracking of KPIs, and review of asset-allocation quickly and easily. They get lost or misplaced.

Negotiating Skills 55

Negotiating Skills Logistics Network Optimization Software 3PL Purchasing Skills 55

Logistics Business Magazine

NOVEMBER 24, 2023

His statements are based not only on discussions with experts from the industry and research, but also on data from Setlog customers who use the SCM tool OSCA. To ensure that more truck drivers are back home in the evening, for example, the forwarding association Elvis wants to set up a meeting network for full truck loads.

Supply Chain Planning Software 56

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Optimization Software 56

Logistics Business Magazine

SEPTEMBER 13, 2022

Neil Adcock, Managing Director at Bis Henderson Consulting , reveals how to unlock the value hidden in returns data. To determine the appropriate returns strategy retailers need to understand what is going on and tapping into returns data may unlock some important insights. Getting hold of the data. Returns costs.

Data 54

Data Cost Reduction Purchasing Skills Sourcing Strategies 54

Logistics Viewpoints

FEBRUARY 11, 2021

At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail. Sourcing and supply chains working in a siloed manner can cause significant delays, resulting in lost revenue upside while escalating costs.

Manufacturing Procurement 138

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Procurement Solutions 138

GlobalTranz

FEBRUARY 25, 2015

Chips attached to individual items will transmit data such as identification, location, temperature, pressure, and humidity. Not only that, they will also be able to transmit traffic conditions and drive-specific data, such as average speed and driving patterns back to the central office.

Manufacturing Procurement 107

Manufacturing Procurement Optimization Software Logistics Network Optimization Software Supply Chain Planning Software 107

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

247 Customs Broker

MARCH 14, 2018

Those are some of the takeaways from the recently-released “ Home-Delivery Shopping Survey ” issued this week by global consulting firm AlixPartners. Not surprisingly, the report noted that the impact of free shipping has a major impact on purchasing decisions for consumers. days, 2014 at 5.0 days, and 2012 at 5.5

Expense Reduction 28

Expense Reduction Cost Reduction Price Reduction Material Savings 28

Logistics Business Magazine

DECEMBER 11, 2022

For example, a big-box retailer that started to build out its pickup services, it delivery services, and so on, so that when the world pivoted, and stores were closed, but people still wanted this retailer’s products, it already had all of that investment there. Consumers are looking for more durable products.

Supply Chain Planning Software 56

Supply Chain Planning Software Supply Chain Software Supply Chains Trends 56

GlobalTranz

OCTOBER 27, 2015

You may want to introduce some checks or surveys throughout the year rather than waiting till the end of the year to find out if you’ve achieved your objective. For example, saying you want to improve relationships with your key stakeholders might be a worthy objective. Evidence may be just as useful in situations like this.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Supply Chain Planning Software Logistics Resource Reduction 90

ShipLilly

MARCH 20, 2023

Elsewhere, the Bank of Canada business survey for the 4th quarter of 2022 indicated that there were still price adjustments pending and that many of these relate to previous supply disruptions. For example, data from the Institute for Supply Management showed that commodity shortfalls in some product categories (e.g.,

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 52