Ship Monk

APRIL 5, 2024

The process involves collecting quantitative and qualitative data concerning vendor-provided goods and services, and analyzing this data for opportunities to improve (or reasons to end) the relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. If so, good on you!

Negotiate Pricing 85

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 85

Parade

FEBRUARY 10, 2022

We recently published , a blog post about how Parade is different from other capacity management vendors, but then we realized there were even more unique features that Parade offers their customers. Parade not only provides these key data points but also allows that data to be pushed to other programs to make audits and tracking easier.

Vendor Strategies 78

Vendor Strategies Capacity Price Reduction Networks 78

Logistics Viewpoints

NOVEMBER 30, 2023

Cybercriminals are increasingly targeting this growing sector due to the large amounts of data stored in these systems and their potential value. This article will explore some of the key impacts of cyberattacks in the warehouse and distribution industry, as well as strategies businesses can employ to protect themselves from these threats.

Distribution 144

Distribution Cost Reduction Vendor Strategies Inventory Reduction 144

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

Freightos

NOVEMBER 7, 2023

More Resources Home November 7, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices increased 2% to $1.82/kg.

Negotiating Skills 116

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 116

GlobalTranz

FEBRUARY 2, 2015

So why do we feature content related to Vendor Managed Inventory? Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model. ” Vendor Managed Inventory Model: A Quick Back Story.

Vendor Strategies 94

Vendor Strategies Inventory Reduction Modeling Software Inventory 94

Logistics Viewpoints

DECEMBER 12, 2023

However, the average company struggles to integrate robots from multiple vendors with their existing systems and processes, as well as divide and orchestrate work across humans and machines. The typical benefits of a WES include an 80% reduction in administrative costs, a 12% increase in units-per-hour, and a 15% improvement in throughput.

Supply Chain Planning Software 168

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

Logistics Business Magazine

DECEMBER 16, 2021

Governments across the globe are urging businesses to do more to reduce greenhouse gas emissions across the supply chain. In response, companies are taking sustainable leadership to new levels, with a particular focus on reducing their Scope 3 emissions to actively assist in supply chain decarbonisation.

Waste Reduction 59

Waste Reduction Vendor Strategies Cost Reduction Resource Reduction 59

Trinity Logistics

SEPTEMBER 16, 2021

With costs rising recently, it’s easy to see why the challenge for many companies has been to reduce their transportation costs. Before we jump into how to reduce your transportation costs, it’s essential to understand what factors are causing them to rise. STEPS TO REDUCE TRANSPORTATION COSTS. CUT YOUR MANUAL PROCESSES.

Cost Reduction 74

Cost Reduction Expense Reduction Price Reduction Vendor Strategies 74

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? At that point, each SKU will be taken to any convenient storage location in the warehouse.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

Freightos

JANUARY 15, 2024

For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. Navigating the Storm: Strategies for SMB Importers in 2024 There is no golden ticket for solving these challenges. and bakes really good cookies.

Negotiating Skills 117

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 117

SYSPRO Smarter ERP

JULY 26, 2022

Each vendor offering similar value propositions, functionality and benefits and technical jargon is the name of the game. If you are about to embark on the journey towards finding a new ERP vendor, here are some considerations and guidelines centered on those three factors. . and the benefits of next generation technologies.

Modeling Software 105

Modeling Software Optimization Software Vendor Strategies ERP 105

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well.

Inventory Reduction 65

Inventory Reduction Cost Reduction Waste Reduction Vendor Strategies 65

TransAudit

DECEMBER 13, 2023

By embracing a circular supply chain, industry leaders can help: Eliminate waste and pollution Circulate products and materials at their highest value Regenerate nature As organizations continue to optimize supply chains , this process can provide significant benefits. A circular supply chain can reduce greenhouse gas emissions.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chains 88

Logistics Viewpoints

SEPTEMBER 25, 2023

Greenhouses can be constructed to be like semiconductor clean rooms which would eliminate the need for pesticides. Greenhouses can be located near population centers and the growing season can occur all year long; this improves the freshness of food while reducing GHG emissions. With the Affordable Care Act, those days are gone.

Supply Chain Software 131

Supply Chain Software Food and Agriculture Logistics Network Optimization Software Inventory Reduction 131

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

SYSPRO Smarter ERP

OCTOBER 20, 2021

Manufacturers and distributors want to dramatically increase their efficiency, productivity and accuracy through smart technologies, data analytics and connected services. Digitization: from analogue information to digital data. The first step, therefore, is to get all your information – documents and data – into a digital format.

Digital 133

Digital Factories Supply Chain Planning Software Supply Chain Software 133

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

GlobalTranz

NOVEMBER 12, 2015

Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . 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

CLX Logistics

JULY 13, 2020

So, first thing, hire a benchmarking service to provide you with the data you need. Be diligent about selecting a benchmarking service that knows and understands your freight, and has a large pool of current data. As an example, consider the growing number of digital freight marketplaces like UberFreight and LoadSmart.

Cost Reduction 40

Cost Reduction Vendor Strategies Price Reduction Strategy 40

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

Stord

MARCH 13, 2024

For example, G.O.S.S. However, its previous vendor struggled to handle DTC orders, lacked quality control checks during picking, leading to fulfillment errors, and offered limited customer information with minimal visibility and poor usability. omnichannel facility in Toronto, Ontario.

3PL 60

3PL Supply Chain Software Vendor Strategies Inventory Reduction 60

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. One might say, an all-in-one WMS eliminates the costs and risks of integrating your WMS with external systems.

Optimization Software 136

Optimization Software Inventory Reduction Production Vendor Strategies 136

ShipLilly

OCTOBER 14, 2021

26, according to shipping data compiled by Bloomberg. For example, when a port is shut down, flights are often cancelled as well. This is the time to develop and finesse a strategy for managing the hurricane season. Developing a strategy for the hurricane season. The most severe hurricanes can cause a costly standstill.

Vendor Strategies 84

Vendor Strategies Resource Reduction Price Reduction Cost Reduction 84

GlobalTranz

APRIL 12, 2017

An inbound vendor routing guide is comparable the beating heart of your operation. Creating an effective inbound vendor routing guide is not without its share of challenges. Assess Your Current Inbound Vendor Routing Guide. For example, provide direction for each vendor that comes from a specific area.

Vendor Strategies 48

Vendor Strategies Inbound Cost Reduction Price Reduction 48

Logistics Bureau

AUGUST 7, 2023

Simply put, there is no more effective way to ensure accurate ecommerce inventory control than to invest in IM software that can integrate with all your sales channels to provide real-time visibility, centralise inventory data, and automate stock updates. Specific products subject to over and understocking. Book a free consultation.

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89

Now, That's Logistics

SEPTEMBER 14, 2021

By putting data into the hands of the companies, business partners, and customers that want it, supply chain visibility helps all stakeholders track products from the point of manufacture to the final destination—and all points in between. 5 Good Supply Chain Visibility Strategies. Break down your data silos.

Supply Chain Software 78

Supply Chain Software Supply Chains Logistics Network Optimization Software Inventory Reduction 78

Trinity Logistics

AUGUST 4, 2020

Chemical manufacturers collect and use a lot of data in their supply chain. They deal with data on their products, customers, transportation, storage, operations and more. Acquiring that data is not hard but managing and utilizing that information to be able to analyze your business is the challenge. Managed Services.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chains 64

Logistics Viewpoints

FEBRUARY 26, 2024

The organization realized that everything they had saved over the last 10 years by contracting with a preferred vendor, they lost in three months when they had to go off contract and find alternative suppliers. Agility and Resilience Dr. Runkle gave a few examples of the varied ways in which they use the solution to improve their operations.

Supply Chain Planning Software 149

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 149

GlobalTranz

APRIL 7, 2017

If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. Part of the problem lies in misconceptions around inbound logistics, including manual, data-intense processes and added stress.

Vendor Strategies 55

Vendor Strategies Inbound Cost Reduction Inventory Reduction 55

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 122

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

GlobalTranz

JULY 28, 2021

An optimized supply chain is one that is as efficient as possible; it is more likely to reduce costs, increase customer satisfaction rates, and add value for stakeholders. True optimization applies data to ensure all decisions and processes are carried out to their fullest potential. Defining Transportation Optimization.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

Logistics Bureau

JANUARY 9, 2019

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 118

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

SYSPRO Smarter ERP

JUNE 9, 2022

Manufacturers rely on data and their ERP platform to answer critical questions: What are our inventory levels? Which vendors are late delivering components to us? Here’s an example. For instance, it’s common for an organization to have key data stored in many disconnected silos.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Software 98

Ship Monk

AUGUST 22, 2022

SKUs allow business owners to keep track of their products in terms of managing inventory levels, differentiating between products, and tracking products from vendor to customer. SKUs are unique to your business and can be customized to fit your needs and the needs of your vendors and customers. SKU Architecture – Breaking Down SKUs.

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

GlobalTranz

APRIL 25, 2017

3PLs Leverage Technology and Data to Improve Operations. The concept of actionable intelligence is about using technology and software to ensure company goals reflect industry strategy and demands. This involves the combination of data capture, analytic and dashboarding tools to make decisions easier. Why Work With a 3PL?

Supply Chain Software 62

Supply Chain Software Cost Reduction Resource Reduction Vendor Strategies 62

Logistics Viewpoints

APRIL 24, 2023

The cloud also allows access to Big Data, which greatly improves the platform’s ability to do machine learning. The supply chain design solution, for example, continues to grow in depth and usability. Virtually every enterprise application vendor claims to offer a platform.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121