Ship Monk

JUNE 7, 2023

Those goals also tell you how much you’ve already evolved, and as such it is vital that your company understands the most critical distribution metrics, that way you can keep control on your day-to-day operations as well as your month-to-month, quarter-to-quarter, and year-to-year progress. What Are Distribution Metrics?

Procurement Analytics 52

Procurement Analytics Distribution eCommerce Inventory Reduction 52

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. By aligning supply chain and procurement, spend can be considered more holistically.

Optimal Sourcing 113

Optimal Sourcing Manufacturing Procurement Procurement Analytics Supply Chain Planning Software 113

Conger

MARCH 28, 2024

Technologies like artificial intelligence continue to enhance these capabilities to become more attractive and allow new visualizations and data collection standards. Telematics collect and transmit vehicle speed, mileage, and fuel consumption data, while GPS allows precise location tracking.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

The Logistics of Logistics

JULY 20, 2022

Jon is the Director of Pricing Strategy & Analytics at Loadsmart , a freight technology company that is removing the barriers between shippers and carriers so freight can move in the most efficient, transparent and automated way. Jon Payne and Joe Lynch discuss truckload pricing dynamics. About Jon Payne. Jon holds a B.S.

Price Reduction 286

Price Reduction Purchasing Skills Cost Reduction Logistics Network Optimization Software 286

Blue Grace Logistics

JULY 27, 2021

Improving predictability in outcomes is valuable, but ensuring your supply chain is nimble enough to act on the data is even more so. We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. Concept of Predictive Analytics.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Ship Monk

MARCH 11, 2021

It’s a bird, it’s a plane, it’s… oh, numbers and data. For some, keeping track of metrics may as well be music to their ears. But, no matter which camp you’re in, the importance of validating your metrics cannot be understated. But First, What Are eCommerce Metrics? Wait — that’s our line! Your online store is set up.

Procurement Analytics 81

Procurement Analytics eCommerce Cost Reduction Inventory Reduction 81

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 116

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 116

GlobalTranz

SEPTEMBER 22, 2016

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. So, why do supply chain managers not take advantage of this data with respect to procurement?

Manufacturing Procurement 108

Manufacturing Procurement Procurement Analytics Procurement Solutions Optimal Sourcing 108

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. In short, the reported supplier data ripples up to a buyer’s Scope 3 calculations.

Supply Chain Planning Software 133

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 133

Ship Monk

APRIL 5, 2024

The fact is, most business owners think of procurement as nothing more than a transactional relationship. 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. If so, good on you!

Negotiate Pricing 83

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 83

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 101

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 101

GlobalTranz

OCTOBER 2, 2017

Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points. Planning Is Essential To Have an Effective Last Mile Logistics Strategy.

Inventory Reduction 145

Inventory Reduction Cost Reduction Strategy Logistics Network Optimization Software 145

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. What Do Supply Chain Analytics Have to Do With This Ability?

Procurement Analytics 61

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

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

GlobalTranz

AUGUST 4, 2015

In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

Manufacturing Procurement 99

Manufacturing Procurement Procurement Analytics Optimization Software Optimization 99

Logistics Viewpoints

JUNE 1, 2023

Now all retailers are re-assessing their sourcing strategies and looking for local alternatives to reduce risks, lead times and carbon footprint. This means continuously assessing the trade-off between the total cost to serve and meeting customer demand and minimizing lost sales.

Supply Chain Planning Software 115

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

GlobalTranz

NOVEMBER 21, 2017

In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain data can have a big impact on their bottom line. Some supply chain companies are leaning on the power of analytics to help streamline their processes and get ahead of their competitors. But the benefits far outweigh the challenges.

Supply Chain Software 69

Supply Chain Software Procurement Analytics Supply Chains Data 69

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 107

Procurement Analytics Distribution Inventory Reduction Resource Reduction 107

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

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

Logistics Bureau

APRIL 4, 2022

At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now. Alternatively, you can procure access to a digital freight benchmarking platform.

Negotiating Skills 82

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 82

FreightWaves SONAR

MARCH 3, 2021

The idea went something like this: There is no strategy without intelligence , so gain as much information as possible on the current state of things. The cycle provided the kind of actionable ecommerce supply chain analytics for us to evolve and improve. The importance of data. Develop a manual solution to a given problem.

Supply Chain Software 90

Supply Chain Software Supply Chains Data Optimization Software 90

The Logistics of Logistics

MAY 12, 2021

Private label is becoming an important strategy for retailers. For retailers, this is an avenue where they can build more intimacy with their customers and capture more data and loyalty. Data is essential in the digital world since it allows the company to develop a buyer persona. Ecommerce companies have data, retailers don’t.

Supply Chain Software 368

Supply Chain Software Logistics Network Optimization Software Procurement Solutions eCommerce 368

GlobalTranz

APRIL 8, 2015

A growing trend across all industries has been the application of big data , with the use of algorithms and the hiring of data scientists becoming commonplace. As businesses collect and store an ever increasing amount of data, the algorithms required to make sense of this data will become even more valuable.

Data 98

Data Procurement Analytics Price Reduction Supply Chain Software 98

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. This software links directly with your ERP and creates a daily list of purchasing recommendations based off the inventory data.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

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 44

Digital Vendor Strategies Manufacturing Procurement Cost Reduction 44

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. In fact, according to a recent report by Mordor Intelligence, the Indian D2C market size was estimated to be at $55 billion in 2022.

Cost Reduction 52

Cost Reduction Procurement Solutions Strategy Supply Chain Planning Software 52

Logistics Viewpoints

FEBRUARY 3, 2022

planning offers an alternative to swinging the pendulum and as the strategy that provides the supply chain resilience leaders seek. As you evaluate strategies to mitigate risk and build resilience, beware of headlines blaming JIT inventory practices and recommending a move to JIC. A change to one link (e.g. on-time delivery).

Inventory Reduction 174

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

GlobalTranz

OCTOBER 11, 2018

The importance of an omnichannel supply chain strategy cannot be overstated. Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service?

Inventory Reduction 74

Inventory Reduction Price Reduction Cost Reduction Supply Chains 74

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains. The State of Supply Chain 2016 Trends.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

Logistics Viewpoints

JUNE 9, 2022

Transparent data prepared especially for your logistics operation will get you easily through your peaks. This warehouse runs at a perfect optimum with fixed capital in the form of inventory balanced perfectly with sales and purchasing, and all the items perfectly distributed to the various storage areas of the warehouse.

Optimization Software 134

Optimization Software Logistics Network Optimization Software Supply Chain Planning Software Modeling Software 134

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. Track savings versus costs, helping warehouse managers to control costs and stay competitive.

Modeling Software 78

Modeling Software Sourcing Strategies Cost Reduction Supply Chain Planning Software 78

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. transportation metrics ?that Enabling Data-Driven Decision-Making. ?Access Focusing on the?

Optimal Sourcing 123

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Supply Chain Software 123

SYSPRO Smarter ERP

NOVEMBER 1, 2022

The more technology shifts manufacturing structures, systems and strategies, the more business-critical ERP becomes, and proper techniques are needed to make processes more efficient. No business can operate alone which is why an ERP strategy should align with a company’s core capabilities. A smarter supply chain with smart factory.

ERP 98

ERP Supply Chain Planning Software Factories Supply Chain Software 98

Locus

MAY 25, 2022

Here are seven key strategies that they have used to make it happen. But today, nothing can be more heartbreaking to a customer than a business breaking its delivery promise on their prized purchases. It gives them an experience of the product before purchasing. Use data insights. The obvious answer is data.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Logistics Viewpoints

APRIL 25, 2022

At a high level, the act requires that companies ensure compliance with human rights and the prevention of environmental degradation, both within their direct activities but also along their entire supply chain; and that grievance mechanisms be set up with reporting on an annual basis to the German government on the regulated activities.

Compliance 144

Compliance Supply Chain Software Supply Chains Procurement Solutions 144