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. Optimize Inventory. Start with a detailed overview of what inventory is currently in your supply chain.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Blue Grace Logistics

APRIL 1, 2024

In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies. These tools are helping businesses advance operations, enhance efficiency and drive growth, irrespective of the volatile economic market conditions. The answer lies in data.

Optimal Sourcing 118

Optimal Sourcing Supply Chain Software Optimization Software Supply Chain Planning Software 118

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. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

The Logistics of Logistics

MAY 12, 2023

Their focus is on translating data into actionable insights that improve operations, increase efficiency, and reduce costs. Uptake leverages industrial data science to offer over 45 patents, almost 200 data science models, and has received recognition from several industry leaders such as Gartner, Verdantix, CNBC, and Forbes.

Optimization Software 327

Optimization Software Logistics Network Optimization Software Modeling Software Cost Reduction 327

EazyStock

AUGUST 28, 2023

In the rapidly evolving business landscape, staying ahead of the competition requires more than just good instincts – it demands data-driven decision making. When it comes to inventory management, relying on gut feelings and historical data may lead to inefficiencies, missed opportunities and incorrect inventory levels.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Logistics Viewpoints

FEBRUARY 3, 2022

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?

Inventory Reduction 174

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

CLX Logistics

APRIL 22, 2024

Whether achieving real-time compliance tracking, navigating market uncertainties through advanced analytics, or reinforcing safety protocols via secure data exchange, the digital revolution within the chemical supply chain emerges as the critical factor in surmounting these difficulties. Data informs transportation capacity and rates.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 98

FW Logsitcs

OCTOBER 10, 2023

In today’s fast-paced business world, effective and efficient inventory management is critical to any successful third-party logistics warehouse operation. Efficient inventory management in a 3PL warehouse ensures a steady flow of goods, improves overall operational efficiency, and reduces costs.

Optimization Software 52

Optimization Software Inventory Reduction Supply Chain Planning Software Inventory 52

ShipLilly

JUNE 28, 2021

Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations. Collaborating with manufacturers and vendors is now eliminating additional responsibilities that reverse logistics would otherwise create. Use of Data and Information.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89

SYSPRO Smarter ERP

MARCH 28, 2024

Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights. It is a modern business strategy that lets company staff make decisions based on facts instead of biases. The volume and quality of data is important.

Manufacturing Procurement 52

Manufacturing Procurement Data Supply Chain Planning Software Optimal Sourcing 52

GoShip Blog

FEBRUARY 9, 2021

One of those demands is a more efficient order fulfillment strategy, which requires reviewing your warehouse practices as well. Inventory discrepancies are becoming a costly issue for businesses. Essentially, more orders and transactions increase the chance for errors, so inventory accuracy is critical. Control and consistency.

Inventory Reduction 98

Inventory Reduction Cost Reduction Inventory Optimization Software 98

Stord

APRIL 24, 2024

From improved customer experience to greater inventory planning and forecasting, AI promises to make all of our lives easier and reduce those all-too-common supply chain headaches. Specific industries measure specific KPIs, and AI is an easy way to pull data in and get real, usable and actionable metrics back.

Supply Chain Planning Software 88

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Optimization Software 88

Logistics Viewpoints

FEBRUARY 8, 2024

Predictive and prescriptive analytics have emerged as valuable tools that enable warehouse operations managers to streamline processes, minimize costs, and enhance productivity. Traditional slotting solutions require customized models, extensive engineering, measurement, and data collection.

Optimization Software 144

Optimization Software Modeling Software Efficiency Inventory Reduction 144

Logistics Viewpoints

DECEMBER 14, 2022

This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. According to recent statistical data, vacancy rates for industrial real estate across North America have been declining since 2020 and reached an all-time low in the third quarter of 2022.

Inventory Reduction 117

Inventory Reduction Inventory Supply Chain Planning Software Scenario Planning 117

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

Inventory Reduction 122

Inventory Reduction Inventory Sourcing Strategies Supply Chain Planning Software 122

Conger

APRIL 1, 2024

By carefully planning and scheduling maintenance before issues arise, businesses can avoid interruptions and reduce costs associated with emergency repairs and downtime. Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Let’s dive in!

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

Logistics Viewpoints

JUNE 1, 2021

Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep.

Supply Chain Planning Software 111

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Inventory 111

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

The Logistics of Logistics

MAY 26, 2023

Committed to environmental and social responsibility, ALOM manages the physical supply chain from procurement, inventory management, contract assembly, digital media and print, to omni-channel fulfillment and returns.

Supply Chain Design Software 308

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Outsourcing 308

SYSPRO Smarter ERP

JANUARY 9, 2023

Manufacturers increasingly turning to data and analytics, from an ERP system, to support business initiatives. Data is after all the fuel that runs the Fourth Industrial Revolution. In most cases, there has been a succession of tools that worked in some cases but were not broadly successful. Challenges to using data.

Manufacturing Procurement 111

Manufacturing Procurement ERP Data Logistics Network Optimization Software 111

SYSPRO Smarter ERP

AUGUST 17, 2022

Manufacturers and distributors can optimize their inventory management using some of the latest emerging technologies, including machine learning, data analytics, artificial intelligence, and cloud computing. Using proven inventory management processes, supply chain design, and planning helps optimize your stock.

Optimal Sourcing 105

Optimal Sourcing Optimization Software ERP Inventory Reduction 105

SYSPRO Smarter ERP

JUNE 9, 2022

Manufacturers rely on data and their ERP platform to answer critical questions: What are our inventory levels? After all, data is the foundation of digital transformation, and according to McKinsey the pandemic caused companies to accelerate their digital transformation plans by three to four years.

Supply Chain Planning Software 98

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

GoShip Blog

JANUARY 5, 2024

The evolution of cargo tracking from traditional methods to sophisticated digital tools marks a significant leap in how logistics companies manage and monitor shipments. This blog will explore how these tools work, their benefits, and their impact on the logistics industry.

Optimization Software 52

Optimization Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 52

Logistics Viewpoints

MAY 22, 2023

A company can choose to maintain a high level of costly inventory to ensure short lead times, and a family can decide to live farther away from work and school but buy a bigger house. 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

Blue Grace Logistics

MAY 6, 2022

Data and optimization can improve efficiencies in supply chains, save shippers money and reduce greenhouse gas emissions, according to logistics experts who shared insights last Friday in honor of National Supply Chain Day. “In Data gives shippers insights. Efficient, sustainable supply chains go hand in hand. Freightwaves.

Supply Chain Design Software 62

Supply Chain Design Software Optimization Software Supply Chain Software Waste Reduction 62

MTS Logistics

DECEMBER 20, 2023

Elastic logistics is becoming a shining example of efficiency and cost savings due to its capacity to dynamically react to changing demand by expanding or reducing operations. Let’s dissect the essential elements that make up this dynamic strategy: 1. Cost optimization is made possible by elastic logistics’ adaptability.

Supply Chain Software 81

Supply Chain Software Supply Chains Inventory Reduction Cost Reduction 81

Logistics Viewpoints

DECEMBER 5, 2023

This involves identifying the systems, assets, data, and capabilities that are critical to the business’s operations, as well as the threats and vulnerabilities that could affect them. This information is then used to develop a risk management strategy that takes into account the potential impact of different types of cybersecurity incidents.

Supply Chain Planning Software 143

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Vendor Strategies 143

Blue Grace Logistics

JUNE 23, 2023

Mark Derks, BlueGrace Chief Marketing Officer June 23, 2023 In the dynamic and ever-evolving logistics landscape, having access to accurate and timely data is essential. By analyzing revenue, inventory levels and orders, shippers can gain a comprehensive understanding of market dynamics and position themselves strategically for success.

Resource Reduction 91

Resource Reduction Inventory Reduction Logistics Network Optimization Software Cost Reduction 91

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

CLX Logistics

SEPTEMBER 9, 2022

To meet these demands, shippers need the right supply chain management tools with the flexibility to grow and scale as needed. The right supply chain management tools help not only to enable shippers to provide better customer service and on-time deliveries but also to remain competitive with everyone else in the market.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimization Software 52

Ship Monk

AUGUST 22, 2022

SKUs are vital to inventory management and the success of any business—as pivotal to operations as a binding agent is to a meatball (i.e. A SKU is a code (typically 8 – 12 alphanumeric digits long) assigned to the items in your inventory. There are online tools as well, and you can create SKUs by hand. What is a SKU?

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

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. So, what are your competitors getting from modern data and analytics solutions that you’re missing out on?

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

3PL Links

APRIL 5, 2024

The primary goal of the supply chain is increasing efficiency, and in order to do this, it prioritizes distribution, inventory control, cautious supplier selection, and ongoing process optimization. It goes beyond simply being an operational strategy. It is not merely an operational approach.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Sourcing Strategies 48

Ship Monk

FEBRUARY 29, 2024

If you’re an ecommerce business owner who is considering opening one or more brick-and-mortar locations, read on for some of the advantages this strategy might offer your brand. A physical store can also help with inventory and returns in areas that may need logistical support.

eCommerce 87

eCommerce Inventory Reduction Waste Reduction Cost Reduction 87

CH Robinson Logistics

MARCH 12, 2020

Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. Furthermore, 65% said they either have or are planning to implement real-time visibility and insight tools in the next two years. Our real-time visibility solution.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Vendor Strategies Inventory Reduction 62

FreightWaves SONAR

JULY 10, 2023

Businesses are prioritizing the speed of data propagation within their supply chains. According to Gold, NRF members have made significant investments in data analysis to improve their ability to predict consumer demand to prevent bloated inventory levels that many large retailers experienced around this time in 2022.

Data 52

Data Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 52