Logistics Viewpoints

NOVEMBER 15, 2022

This flexible, less comprehensive WMS strategy reduces risk, accelerates digital transformation, improves long-term flexibility, and gives companies immediate access to the technologies they need to compete for the long haul. Highlighting this use case, a storage and organization retailer, with stores throughout the U.S.

Optimization Software 136

Optimization Software Inventory Reduction Production Vendor Strategies 136

Logistics Viewpoints

JANUARY 26, 2024

Emergency vehicles, for example, would be exempt, and the California Highway Patrol could authorize the system’s disabling in certain other cases. The device prevents vehicles from surpassing a certain speed, by harnessing GPS and on-board camera data to determine limits on a specific roadway.

Logistics Network Optimization Software 139

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Inventory Reduction 139

Logistics Viewpoints

OCTOBER 21, 2021

Pop up warehouses, micro fulfillment centers, and warehousing-on-demand are all examples of how the nodes are becoming increasingly dynamic. Design can help test such ideas before implementing changes to the master data. This is leading these organizations to move from Design being an episodic activity to a continuous process.

Supply Chain Design Software 114

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 114

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. A minor example is some work we recently did for Birlea.

Warehousing 59

Warehousing Sourcing Strategies Supply Chain Planning Software Resource Reduction 59

EazyStock

OCTOBER 20, 2020

This keeps the data clean and easier to use for forecasting going forward. Look out for such trends in your historical demand data and adjust your forecasts accordingly. Qualitative factors: Add any qualitative forecasting factors into your data, such as sales promotions, competitor activity or external market events.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

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. But what does a great inventory management strategy look like? As you can deduce from Amazon’s example, there is no standard for an optimal warehouse layout.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

The Logistics Academy

OCTOBER 18, 2017

As global supply chains become more complex and customers more demanding, the race is on to develop software applications that can effectively manage and make sense of the zettabytes of data being generated by our digital world. Of course, capturing the data and then using it to make good decisions are two entirely different things.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 40

Ship Monk

OCTOBER 17, 2023

Challenge #1: With So Many SKUs, It’s Difficult to Predict How Much You Need Now and When it’s the Right Time to Reorder Solution #1: Utilize the Best 3PL Software to Analyze Data in Advance and Access Real-Time Reporting Tools to Anticipate Resupply Accurately forecasting your inventory needs for peak season is a daunting task.

Inventory Reduction 64

Inventory Reduction Inventory Optimization Software Supply Chain Planning Software 64

CH Robinson Logistics

MAY 11, 2021

Robinson releases our 2020 Sustainability Report, which provides critical data and increased transparency about our sustainability performance. As a technology company in the transportation logistics industry, we believe the power of data and innovation can solve the industry’s most complex sustainability issues.

Material Savings 63

Material Savings Supply Chain Software Logistics Network Optimization Software Replenishment 63

Ship Monk

JULY 27, 2022

Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! Put simply, demand forecasting uses a variety of data to foresee customer demand and inform major business decisions, from launching new products to finding the perfect 3PL partner. What is Demand Forecasting?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

EazyStock

FEBRUARY 1, 2021

trillion by 2023 , indicating a need for more robust online sales strategies. For businesses to succeed in eCommerce they must ensure they have an effective eCommerce supply chain strategy. For example: With such different demand patterns, it doesn’t make sense to treat every product the same.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

Logistics Bureau

JULY 10, 2018

While the development of a wholly demand driven supply chain (DDSC) might not be for every enterprise, there is no doubt that many can benefit from such as strategy. “In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” ” – Mark Zuckerberg.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Design Software Inventory Reduction Supply Chain Software 48

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

Supply Chain Planning Software 146

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Scenario Planning 146

ShipLilly

OCTOBER 26, 2020

The problem with that strategy is that you are essentially keeping your cash flow in stock that isn’t moving. Minimum stock levels are a function of sales data and the time frames that are typically required to acquire additional stock. Moreover, there may not be enough space to store items that aren’t being bought.

Inventory Reduction 96

Inventory Reduction Inventory Tips Supply Chain Planning Software 96

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

The adoption of digital strategies is a major feature of new strategies that manufacturers are planning. Running a warehouse as a silo, for example using a spreadsheet, will not help sales when a customer asks for a quote, or the shop floor if they need to know what materials are available for a production run.

Supply Chain Planning Software 115

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

GlobalTranz

JANUARY 26, 2018

Systems do not respond well to poor data, and postponing the booking of variances is like intentionally feeding your WMS bad data. For example, when a forward pick location has less physical than systemic inventory, the WMS may not trigger a replenishment that is required to fulfill orders, resulting in shorted picks.

Inventory Reduction 80

Inventory Reduction Inventory Price Reduction Cost Reduction 80

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. AI was once only seen in science fiction.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Logistics Viewpoints

APRIL 7, 2022

As an example, a major retailer whose market presence is in the Americas realized that several of their shipments that originate in China pass through Russia to make their way to the west and are now subject to shipment backlogs. Some may have believed themselves to be immune at one point, but now their perspective is shifting.

Supply Chain Design Software 143

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 143

Blue Grace Logistics

MAY 1, 2019

For example, the shortage of raw material at the factory will affect production. If warehouses are not replenished on time, distribution will be derailed. When organizations use this strategy to design their supply chain they inevitably improve their inventory management.

Inventory Reduction 48

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 48

GlobalTranz

DECEMBER 1, 2017

It does increase space, but it could lead to severe aisle congestion and unexpected delays during the putaway and replenishment process. Furthermore, use data from your existing WMS to compare the opportunities and risks from making such changes. Implement Waveless Picking Strategies. Reduce Travel Time.

Cost Reduction 60

Cost Reduction Waste Reduction Distribution Inventory Reduction 60

The Logistics Academy

JUNE 29, 2017

Every day, more data than we can imagine zings across that global conduit we call the Internet. Much of that data comes directly from devices, without human intervention. Drivers carry cell phones in their cars to feed GPS locations to a traffic information and navigation service, which uses the data to detect congestion.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 40

GlobalTranz

NOVEMBER 3, 2015

We first did an overview of the 10 areas of strategy a shipper must know in order to stay competitive. Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. The essence of strategy is choosing what not to do. ” ― Michael E. Automated Data Collection.

Inventory Reduction 112

Inventory Reduction Vendor Strategies Cost Reduction Waste Reduction 112

Ship Monk

NOVEMBER 21, 2022

Others take an educated guess and hope for the best, which isn’t a strong strategy either. To calculate the optimum reorder point for a particular SKU you’ll first need to know the lead time required to replenish the inventory, the expected demand during this lead-time period, and how much safety stock you have on hand. Improving Data.

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

Stord

APRIL 11, 2022

Source: Federal Reserve Economic Data ) The reason for the lack of inventory is complex. For example, while consumer goods production recovered from international closures last summer, those goods would not reach the U.S. Near the start of the pandemic, the inventory-to-sales ratio in the U.S. plummeted—first down to 1.21

Inventory Reduction 78

Inventory Reduction Inventory Manufacturing Procurement Purchasing Skills 78

GlobalTranz

DECEMBER 22, 2020

The volatility of 2020 and the uncertainties looming into 2021 make it difficult to forecast planning and budgets based on historical data. For example, online shopping will grow faster than expected, and consumer behavior may shift in response to ongoing pandemic-related challenges. Rather than focus on regional D.C.s,

Inventory Reduction 62

Inventory Reduction Sourcing Strategies Cost Reduction Freight 62

Logistics Bureau

JULY 18, 2022

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.

Inventory Reduction 106

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 106

Logistics Business Magazine

JANUARY 31, 2022

Built to manage all national storage, dispatch and replenishment operations, the dedicated Mars Wrigley facility is highly automated to optimise warehouse operations in a resilient and robust way, so as to accommodate for current and forecast future demand growth. Streamlining DC Operations.

Supply Chain Design Software 53

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Cost Reduction 53

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Data Managers. IT Specialists. Finance managers.

Supply Chain Planning Software 115

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

Logistics Viewpoints

APRIL 29, 2021

These changes pose a direct challenge to their traditional operating priorities and technology strategies. The most high-profile example of this is the growing adoption of autonomous mobile robotics (so-called AMRs) and modular micro-fulfillment systems. Read more about this hybrid approach here. Automated workload balancing.

Optimal Sourcing 90

Optimal Sourcing Optimization Software Supply Chain Design Software Supply Chain Planning Software 90

Blue Grace Logistics

JUNE 21, 2018

Transportation Management Workflow may be defined as a supply chain workflow that connects and links the various parties involved along the chain from, for example, the seller’s warehouse to the buyer’s warehouse. One needs to do extensive and thorough data analysis of all current costs within the transportation and logistics silos.

Cost Reduction 50

Cost Reduction Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software 50

SYSPRO Smarter ERP

NOVEMBER 3, 2021

They are used to measure how effectively the warehouse processes of receiving, replenishment, fulfilment and shipping perform. Manufacturers need to set a base level using internal data and then measure the percentage change up or down against time. Re-assess safety stock levels regularly to take account of changing global conditions.

Manufacturing Procurement 105

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

EazyStock

APRIL 18, 2023

When demand fluctuates, and costs rise, it can be tempting to throw out long-term strategies to react to these changes. For example, warehouse costs, insurance and financing. While it’s impossible for you to control geopolitical and economic factors, you can control your business strategy. Higher costs of storage.

Supply Chain Planning Software 52

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

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. The key elements of inventory management to support your JIC stock strategy are: Accurate demand forecasting. Anticipating stockouts with JIC inventory strategies.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

Conger

DECEMBER 13, 2022

A WMS uses scanners to scan bins, pallets , and goods and display data about the product, including serial number, type, manufacturer, expiry dates, etc. The business can maintain tighter management and control over the software and data. The vendor hosts the solution, giving the business less control over data security.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 52

Logistics Bureau

DECEMBER 19, 2022

Slotting a warehouse product is the same, for example, as placing your umbrella close to your front door at home, so it’s easy to pick it up and run when it’s raining, and you’re late for work. Therefore, any slotting strategy should focus on minimising such travel. Slotting Increases Replenishment Efficiency.

Production 92

Production Inventory Reduction Cost Reduction Resource Reduction 92

EazyStock

JANUARY 31, 2022

Ensure KPIs all contribute towards your organization’s strategic goals whether these are customer service targets, growth strategies or profitability objectives. Inventory Management KPIs – Examples for Effective Inventory Analysis. Demand forecasts can be set by sales teams based on qualitative data or historical sales figures.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52