GlobalTranz

FEBRUARY 6, 2017

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. For example, Johnson & Johnson procurement professionals actively review market trends before making purchases.

Supply Chain Planning Software 73

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

Blue Grace Logistics

JULY 21, 2020

The data and analytics gathered during the measure phase is instrumental to a proper understanding of your operations. For example, technology helps to maximize efficiency and, in turn, increase profitability. Manage is also about understanding the flow of goods, money, and information throughout your organization.

Optimal Sourcing 62

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

GlobalTranz

MAY 25, 2018

As the storage space of data has fallen, warehouse managers ’ rationale for avoiding IoT technologies has become even more archaic. For example, auto-lighting LEDs, RFID, and handheld scanners can help pickers ensure the right item is picked every time. Precursor technology enables continuous improvement in warehouse management.

Inventory Reduction 50

Inventory Reduction Supply Chain Planning Software Inventory Supply Chain Software 50

GlobalTranz

OCTOBER 5, 2015

This advancement is based on the potential to integrate relevant data at any point in the value chain, define inter-dependencies from the data almost instantaneously, and utilize advanced analytics to develop highly targeted solutions. 11 Improvements by the Deployment of the Internet of Things in the Supply Chain.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 111

GlobalTranz

FEBRUARY 13, 2017

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. Today, the tech devices that entered the market in early 2016 are obsolescent, and more companies are looking for real-time data-driven decision making opportunities through the Internet of Things (IoT).

Resource Reduction 82

Resource Reduction Trends Inventory Reduction Material Savings 82

Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. For this to happen, finance needs to be in lockstep with procurement.

Supply Chain Design Software 139

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 139

GlobalTranz

FEBRUARY 11, 2016

One of the most notable examples remains the creation of Watson, the supercomputer controlled artificial intelligence that defeated Jeopardy! This is a combination of parallel computation, big data , and analysis of algorithms. Now, consider this example is applied to platform-based and software-as-a-service products in manufacturing.

Supply Chain Design Software 54

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 54

GlobalTranz

MAY 21, 2015

This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, & procurement. Some of these elements have different master data that must be used. This data must be not only present, but also running in harmony over all systems.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Cost Reduction Supply Chains 100

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

Logistics Viewpoints

SEPTEMBER 19, 2023

The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 138

GlobalTranz

FEBRUARY 24, 2015

When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Without hard data, you can’t take action. When enterprises try to act in the absence of data, they are usually guessing and won’t get the results they need.

Data 94

Data Transportation Cost Reduction Material Savings 94

Shipchain

JUNE 27, 2019

Additionally, we expect to have some new partnerships that add value to the network and data quality itself that we can announce very soon. Can you share some feedback outside companies had on the recent webinar? Future webinars will also discuss how to make the digital transformation for shippers much less daunting. Absolutely.

Supply Chain Design Software 48

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Optimal Sourcing 48

GlobalTranz

NOVEMBER 13, 2015

6 Benefits of Applying Useable Data in Logistics For Continuous Improvement. A flexible TMS should consider historic data for time periods and changes in transportation methods and devise a solution to address each problem. Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency.

Logistics Network Optimization Software 87

Logistics Network Optimization Software Modeling Software Waste Reduction Material Savings 87

GlobalTranz

NOVEMBER 10, 2016

For example, single-item orders should only have one touch point, but multi-item orders for a store should have at least two touch points. All existing warehouse, procurement and logistics systems should operate within the same omniscient system. However, large orders of the same item should also have minimal touch points.

Warehousing 102

Warehousing eCommerce Resource Reduction Cost Reduction 102

GlobalTranz

FEBRUARY 22, 2016

For example, a supplier who works more closely with a manufacturer can be attuned to how the needs of the manufacturer will change through the analysis of point of sale data that is shared from the manufacturer to the supplier. Now, this example does not apply to what must supply chain entities think of as competitors.

Supply Chain Design Software 55

Supply Chain Design Software Supply Chain Software Collaboration Supply Chain Design 55

GlobalTranz

JULY 7, 2017

That is, business games and examples, similar to the real problematic situations, solutions of which are involved in logistics. Apart from newly emerging cloud based logistics , further, several examples of effective and useful topics for the development of logistics skills and planning would be highlighted.

Optimal Sourcing 25

Optimal Sourcing Supply Chain Planning Software Optimization Software Logistics Network Optimization Software 25

GlobalTranz

FEBRUARY 19, 2016

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. Why Is Technology Driving Procurement Trends and the Role of Procurement?

Manufacturing Procurement 56

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 56

GlobalTranz

JANUARY 9, 2017

Digital technologies, reports Richard Howells of Forbes Magazine, including Big Data, analytics, the Internet of Things, social media, and point-of-sale reporting, enable business to know more about consumer needs and wants than ever before. For example, an optimized supply chain is good, but it opens more opportunities for errors.

Supply Chain Software 79

Supply Chain Software Supply Chains Optimal Sourcing Digital 79

GlobalTranz

JANUARY 5, 2016

Digitization of Data : Moving from manual (or even hand-written) information and data to a centralized and secure cloud-based solution minimizes costs, eliminates inconsistencies, and standardizes the data formatting, which then opens up the capabilities of Big Data.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Software Supply Chains Trends 64

Logistics Bureau

APRIL 25, 2022

There was a time when supply chain leaders could rely on subordinate employees to do all the hands-on work with business information systems , and be content to receive reports and Excel spreadsheets containing data for decision-making. For example, skilled negotiators know that the process does not have winners or losers.

Negotiating Skills 105

Negotiating Skills Buyer Training Supply Chain Planning Software Supply Chain Design Software 105