The Logistics of Logistics

SEPTEMBER 24, 2021

Amazon’s Retail Strategy with Rick Watson. Rick Watson and Joe Lynch discuss Amazon’s retail strategy. Upon fulfilling the transition obligations of Merchantry to Tradeshift, Watson directed the cross-border product strategy of Pitney Bowes, a $450M business, comprised of Borderfree and the eBay Global Shipping Program.

Inventory Reduction 195

Inventory Reduction Resource Reduction Strategy Supply Chain Design Software 195

GlobalTranz

JUNE 22, 2020

Unfortunately, inventory control remains at the fringe of proactive logistics management. Organizations have spent years creating lean logistics strategies that are highly susceptible to disruption. However, the integration of last mile logistics, also known as.read More.

Inventory Reduction 98

Inventory Reduction Replenishment Cost Reduction Inventory 98

Blue Grace Logistics

FEBRUARY 26, 2024

Transportation Strategy Profitability Search Search BlueGrace Logistics - February 26, 2024 Transportation strategy plays a pivotal role in ensuring efficiency, cost-effectiveness, and ultimately, profitability for businesses.

Inventory Reduction 62

Inventory Reduction Cost Reduction Waste Reduction Expense Reduction 62

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.

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Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

EazyStock

JUNE 23, 2022

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. The key for inventory management teams is to know what to do with it!

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

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

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

GlobalTranz

FEBRUARY 25, 2021

How often do you think about your retail reverse logistics strategy? Instead of being relegated to the margins, executives must rethink their strategy and consider how a data-driven reverse supply chain can add more value and improve profit margins. The Benefits of a Data-Driven Retail Reverse Logistics Strategy.

Expense Reduction 101

Expense Reduction Inventory Reduction Reverse logistics Strategy 101

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

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? Amazon did not invent the random storage approach.

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Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

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

Blue Grace Logistics

NOVEMBER 3, 2023

These survey results make up the quarterly BlueGrace Logistics Confidence Index, which measures anticipated logistics industry expansion or contraction based on revenue forecasts, inventory levels and order volumes. Although more shippers anticipate revenue fluctuations negatively affecting inventory in Q4 (16.4

Inventory Reduction 97

Inventory Reduction Inventory Ordering Freight 97

MTS Logistics

APRIL 26, 2023

However, importers can significantly enhance their supply chain’s efficiency and reduce costs, while also improving customer satisfaction and increasing profitability by implementing several essential strategies. Utilize Technology to Monitor Inventory One of the most challenging aspects of supply chain management is inventory tracking.

Inventory Reduction 76

Inventory Reduction Waste Reduction Cost Reduction Supply Chain Planning Software 76

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

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

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

Logistics Viewpoints

NOVEMBER 11, 2021

Kind of like managing inventory in your warehouse. Poorly managed inventory will cause stress in the operation between departments. Here are some things you might be seeing with poorly managed inventory: Failures in on-time shipping driven by delays in finding inventory in time to make shipping commitments.

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Inventory Reduction Inventory Cost Reduction Material Savings 123

Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Creating a truly efficient shelf replenishment plan goes beyond the simple act of restocking inventory. Pinpoint instances of stockouts and excess inventory.

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Waste Reduction 52

Logistics Bureau

MAY 24, 2021

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”. Let’s Start with Safety Stock.

Inventory Reduction 118

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 118

Blue Grace Logistics

MARCH 26, 2024

What you will learn in this blog: Leveraging Data Analytics For Invaluable Insights Implementing Lean Principles for Waste Reduction Effective Management Of Supply Chain Costs As companies navigate market fluctuations and challenges, effectively managing supply chain expenses becomes pivotal for success.

Negotiating Skills 97

Negotiating Skills Cost Reduction Waste Reduction Inventory Reduction 97

EazyStock

AUGUST 21, 2020

So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items. Top five inventory reduction methods .

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 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

Logistics Viewpoints

JANUARY 18, 2024

1) Streamlined Data Flow and Process Automation Is all about AI At the heart of effective supply chain automation lies the seamless flow of data across various sources and digital platforms, akin to a well-constructed highway for data. 2) AI-Infused Data Quality Assurance Ok, we built the proverbial highway.

Supply Chain Software 148

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 148

WorkWave

NOVEMBER 6, 2023

In this blog post, we will delve into the intricacies of order management, the role of an Order Management System (OMS), what happens after checkout and how to master your order management strategy with the help of cutting-edge order management systems and order management software. What Is Order Management? What Happens After Checkout?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Ordering 52

GlobalTranz

FEBRUARY 24, 2021

Among these, an integrated return management strategy can make or break successful operations. Use Real-Time Data to Inform Your Returns Management Strategy. Use Real-Time Data to Inform Your Returns Management Strategy. Understanding the True Costs of a Return Management Strategy.

Cost Reduction 110

Cost Reduction Inventory Reduction Resource Reduction Supply Chain Planning Software 110

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

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. Challenges to using data. Many manufacturers are data-rich but when it comes to using it they are insight-poor.

Manufacturing Procurement 111

Manufacturing Procurement ERP Data Logistics Network Optimization Software 111

3PL Links

JANUARY 31, 2023

7 Best Tips for Inventory Management To Avoid Losses | Image source: AR Racking Inventory management is likely the most crucial success component if you sell products through an online store. As a result of only investing in an expensive marketing strategy, you immediately miss the point. In a nutshell, a situation to avoid.

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Inventory Reduction Inventory Tips Expense 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

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

EazyStock

MAY 24, 2022

Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and hitting fulfillment targets. This post, however, will focus on the financial aspect of inventory: inventory value – taking an accountant’s view of how to manage stock effectively.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Purchasing Skills 52

FreightWaves SONAR

SEPTEMBER 29, 2023

The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. For those that make the right applications of freight data, the massive problems created by the pandemic could have been more easily mitigated.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

Ship Monk

SEPTEMBER 14, 2022

There are a lot of accounting terms thrown around when describing eCommerce inventory: merchandise inventory , WIP inventory , ending inventory , and beginning inventory to name just a few. What is Beginning Inventory? By inventory , we mean finished goods that are on hand and ready to sell.

Inventory Reduction 77

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 77

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

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. Today, we’re talking about SKUs, also known as Stock Keeping Units. What is a SKU?

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Inventory Reduction eCommerce Inventory 3PL 52