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. Unstructured data isn’t as accessible to search or export and is often text-heavy.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

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. Many business systems also include functionality to support certain inventory management and purchasing processes.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

Blue Grace Logistics

AUGUST 10, 2021

Over the last decade, ever since social media and the IoT became common-place mediums, there has been a change in marketing tools and strategies. A more streamlined communication is provided by omnichannel strategies. Omnichannels blur the line between online and in-person purchases.

Expense Reduction 62

Expense Reduction Cost Reduction Strategy Optimization Software 62

GlobalTranz

OCTOBER 11, 2018

The importance of an omnichannel supply chain strategy cannot be overstated. According to Randy Strang of Supply Chain 24/7, a survey of the most important parts of a shopping experience found customers’ expectations are more than meets the eye. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service?

Inventory Reduction 74

Inventory Reduction Price Reduction Cost Reduction Supply Chains 74

FW Logsitcs

MAY 13, 2024

Businesses need to deliver orders quickly to meet customer expectations. They expect fast and efficient delivery times, often viewing shipping speed as a key factor in their purchasing decision. By offering fast order processing, picking, packing , and shipping, businesses can meet these expectations.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Inventory Reduction Cost Reduction 52

Locus

MAY 15, 2023

According to a study, 55% of consumers prefer to buy directly from brands, and a further 40% of shoppers say they will purchase from a D2C brand in the next five years. However, as the data suggests, more and more customers want to buy from brands directly and want them to solve any challenges that arise post-purchase.

Cost Reduction 52

Cost Reduction Procurement Solutions Strategy Supply Chain Planning Software 52

GlobalTranz

OCTOBER 5, 2018

An omnichannel retail strategy is the new norm in today’s supply chains. The days of managing channels on an individual basis are over, and consumers are using multiple devices and e-commerce platforms for nearly all purchases. Follow examples of major brands that have implemented best-in-class omnichannel retail strategies.

Modeling Software 78

Modeling Software Sourcing Strategies Cost Reduction Supply Chain Planning Software 78

Locus

MAY 25, 2022

The above statement is spot on, largely because of its subtext: Customers spend their money elsewhere because they are not happy with how companies meet their expectations. Here are seven key strategies that they have used to make it happen. When e-commerce was in its infancy, people were more forgiving around meeting delivery times.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

EazyStock

AUGUST 21, 2020

For businesses that carry non-perishable goods it’s tempting to order and carry surplus stock to help meet market demand and hit order fulfillment targets. There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

Logistics Viewpoints

NOVEMBER 6, 2023

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Increasingly, companies will take sustainability criteria into account in their purchasing decisions. The data, which is reported on the EcoVadis platform, highlights the supplier’s emissions.

Supply Chain Planning Software 133

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 133

Logistics Viewpoints

JUNE 8, 2023

To meet these demands and ensure superior delivery experiences, retailers and carriers must leverage last-mile delivery technology. While the initial purchase cost of an existing platform may appear higher, the added benefits, scalability, and efficiencies it provides ensure lower costs over the long term and higher lifetime value.

Modeling Software 121

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 121

SYSPRO Smarter ERP

AUGUST 2, 2023

To contend with these pressures, medical device manufacturers crave actionable, real-time, accurate, and reliable data throughout the entire supply chain. Acquiring and consolidating data can be a formidable task, however, especially when data is scattered across different systems and formats.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 98

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. Regular meetings or reports?

Negotiate Pricing 82

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 82

Logistics Viewpoints

DECEMBER 1, 2023

The top gifts were clothes and accessories, which about half of those surveyed purchased, and toys, which nearly a third of people surveyed bought. homes in 2022 than UPS, after eclipsing FedEx in 2020, and it is on track to widen the gap this year, according to internal Amazon data and people familiar with the matter.

Supply Chain Planning Software 138

Supply Chain Planning Software Cost Reduction Logistics Network Optimization Software Food and Agriculture 138

SYSPRO Smarter ERP

NOVEMBER 1, 2021

Industries are facing the need to plan new strategies and invest more in technology to gain a stronger foothold. We live in a time where we can purchase almost anything with a click of a button. With the rise of digital transformation manufacturers can use ERP to implement their e-commerce strategies.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Inventory Reduction 111

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Determining the right stock levels to meet demand is vital for customer satisfaction. What is demand planning? Is demand planning the same as demand forecasting?

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Working out the right stock levels to meet demand is vital for customer satisfaction. Gather internal and external data. What is demand planning?

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 115

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

WorkWave

SEPTEMBER 21, 2021

Rather than simply marching from house to house knocking on doors, sales representatives need to engage specific strategies to ensure that each person who is visited understands why they need the product at hand. One effective strategy is to paint a vivid picture of solving a problem. Experience Empathy and Understand Emotions.

Resource Reduction 40

Resource Reduction Material Savings Cost Reduction Buyer Training 40

WorkWave

FEBRUARY 9, 2024

One effective strategy that’s been gaining traction is price bundling. Also known as packaged pricing, this strategy involves bundling various services together and charging one price. Bundled services are usually cheaper than if customers were to purchase each service individually. What are their most common needs?

Price Reduction 52

Price Reduction Purchasing Skills Tips Procurement Solutions 52

Logistics Business Magazine

APRIL 18, 2024

The platform will support an organisation-wide digital transformation strategy at the beverage leader, bringing modern, cloud-based ERP capabilities from which to extend process automation and capitalise on both business intelligence (BI) and artificial intelligence (AI).

Digital 43

Digital Vendor Strategies Manufacturing Procurement Cost Reduction 43

SYSPRO Smarter ERP

SEPTEMBER 29, 2022

Everything, from the first interaction with the organisation, to the purchase and after-sales support, must be designed with the customer in mind and implemented in such a way that customer only remembers a seamlessly smooth experience. Data-driven decision-making should form part of a business’s daily operations.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Design Software Modeling Software Supply Chain Software 105

GlobalTranz

SEPTEMBER 14, 2018

As 2018 progresses, Warehouse Managers need to understand the risk of not going omnichannel, why demand is increasing, and a few tips to meet such demands. percent of retail chains offer in-store returns of merchandise purchased online. Those that do not offer these options will lose competitive ground. LEARN MORE.

Price Reduction 48

Price Reduction Cost Reduction Inventory Reduction Supply Chain Software 48

Logistics Viewpoints

JANUARY 26, 2021

The hyper-focus on meeting customer expectations is also creating pressures upstream in the supply chain, as manufacturers extend visibility and collaboration beyond their own walls to avoid any disruptions. To meet customers’ growing expectations for personalized offerings, the typical company’s product lines have grown exponentially.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

EazyStock

JUNE 16, 2022

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. Using regularly gathered data, it notices patterns and suggests the next actions. For example, you can adjust the speed and volume of order processing to meet demand.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Logistics Business Magazine

FEBRUARY 18, 2024

Need for Speed A key consideration for many shoppers before they make any purchase is the expected delivery time. In fact, 42% of UK consumers now expect to pick up an item ordered online from a physical store on the same day of purchase and 43% will look elsewhere if delivery or pick up of an item exceeds two days.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 52

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. However, the Internet of Things and big data supply chain analytics are allowing manufacturers to monitor performance in near real-time.

Procurement Analytics 61

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chains 61

FreightWaves SONAR

MARCH 4, 2021

That’s where data analytics comes in.” Gaining in-depth insights and current data about the supply chain, load statuses, and consumer demands can make it easier for enterprise sippers to adjust and plan. Thus, modern advances in data collection and analytics have made it significantly easier to automate this process.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

Locus

MARCH 27, 2024

Mix it up with omnichannel Omnichannel retailing , the strategy that integrates all shopping channels like online or in-store isn’t just a buzzword—it’s a cost-saving revolution for retail businesses. In essence, omnichannel strategies turn logistical challenges into advantages, making deliveries more efficient and cost-effective.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

GoShip Blog

APRIL 22, 2022

When demand forecasting steps into the game, it allows retailers to meet their customers’ needs. According to statistics, about 80% of customers prioritize personalized service when purchasing. You’ll get to know your target audience better and tailor your product offers to meet its needs by demand forecasting. Collect the data.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chains 40

Logistics Viewpoints

MARCH 3, 2023

A central part of Amazon’s ultrafast delivery strategy is its network of warehouses that the company calls same-day sites. Perhaps the most notable initiative thus far, however, is its efforts toward launching a collaborative supply chain strategy. The data show Canadian exports to China also reached a historic high of $27.9

Supply Chain Planning Software 120

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Design Software Supply Chain Software 120

Logistics Viewpoints

DECEMBER 15, 2022

quintillion bytes of data every day. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. The retail industry is rich with data.

Optimal Sourcing 115

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 115

SYSPRO Smarter ERP

MAY 22, 2023

Extend what is already made – repair and maintain products to maximize their lifetime; implement a return strategy when applicable. Big data management Manufacturers can now offer services to customers to provide on-site notification of potential problems and pre-emptive maintenance, and therefore extend the usefulness and life of a product.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 98

Apparel Logistics

MARCH 14, 2018

Handling seasonal demands can be difficult, but you can meet and even exceed your apparel customers' expectations with the right strategies in place. Analyze Your Data to Know What's Ahead. Unless you're a new business venture, you should have a pool of data to draw from to help you manage seasonal demands.

Handling 48

Handling How To Industry Trends 48

FW Logsitcs

OCTOBER 10, 2023

Real-time Inventory Tracking Real-time inventory tracking is a critical strategy that ensures retailers and 3PL providers maintain accurate stock levels. It relies on technology like Radio-Frequency Identification (RFID) and barcoding to eliminate manual data entry errors and save time.

Optimization Software 52

Optimization Software Inventory Reduction Supply Chain Planning Software Inventory 52

247 Customs Broker

NOVEMBER 30, 2018

As 2018 progresses , Warehouse Managers need to understand the risk of not going omnichannel, why demand is increasing, and a few tips to meet such demands. Warehouse Managers Avoiding Omnichannel Supply Chain Strategies Will Lose Competitive Ground. percent of retail chains offer in-store returns of merchandise purchased online.

Price Reduction 28

Price Reduction Cost Reduction Inventory Reduction Supply Chain Design Software 28

Material Handling and Logistics

SEPTEMBER 27, 2018

Kuebix offers 6 tips to fine-tune transportation strategies for the holidays: 1. Shippers can leverage their negotiated rates from their existing carrier relationships, and compare the full depth of market pricing across the spot bidding marketplace to find the best rates for the best service or to find extra capacity to meet excess demand.

Supply Chain Software 161

Supply Chain Software Optimization Software Purchasing Skills Negotiating Skills 161