EazyStock

JUNE 18, 2019

In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. ABC Classification Calculation Example. How to Put your Data to Good Use.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

EazyStock

JUNE 18, 2019

In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. ABC Classification Calculation Example. How to Put your Data to Good Use.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

AIMMS

APRIL 6, 2022

There are many great examples where advanced analytics have contributed to social good. They used an AIMMS model to plan the flight schedules and were able to save on 10 flights compared to the previous year through better planning. . Those are very touching examples. Preparing for Champ Camp.

Optimization Software 118

Optimization Software AIMMS Modeling Software Optimization Modeling 118

AIMMS

MARCH 4, 2022

There are many great examples where advanced analytics have contributed to social good. They used an AIMMS model to plan the flight schedules and were able to save on 10 flights compared to the previous year through better planning. . Those are very touching examples. Preparing for Champ Camp.

Optimization Software 118

Optimization Software AIMMS Efficiency Distribution 118

Ship Monk

SEPTEMBER 6, 2023

ShipMonk is here to take the complexity out with our guide that details 8 easy ideas for incorporating free shipping into your business model while still being kind to your margins. For example, if your omnichannel ecommerce business processed 5,000 orders last month for a total of $300,000, the average order value for the month was $60.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Price Reduction 52

Conger

JANUARY 17, 2023

Because in this ultimate guide, you'll learn everything you need to know about the 5S warehouse system, including: What warehouse 5S is The 8 key benefits of 5S-ing your warehouse How to easily implement a warehouse 5S protocol And lots more! Plus, we’ve created a FREE warehouse 5S checklist that you can download and put to use right away.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

3PL Links

DECEMBER 2, 2022

We will address the following topics in this article: Inbound logistics definition and significance. Additionally, it makes it easier to choose a model from the inventory. Examples of Inbound Logistics Strategies. How to achieve adequate inbound logistics? Duties of inbound logistics. Components of the inbound logistics.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

The Lean Thinker

MARCH 23, 2023

During the war there was huge growth and turnover within the industrial base as production shifted from civilian products (locomotives, for example) to wartime production (tanks). ” I think the answer depends on the person’s mental model and biases about the role of authority. War Manpower Commission.

Buyer Training 195

Buyer Training Material Savings Course Optimal Sourcing 195

Conger

FEBRUARY 21, 2022

How to calculate forklift load centers. How to determine how much a forklift can lift. How Forklifts Work: The “Seesaw” Analogy. How to Calculate Lifting Capacities for Load Centers Other Than 24 Inches. Now, this definition introduces the concept of the “forklift center of gravity.”. And much more!

Tips 52

Tips Capacity Data Examples 52

EazyStock

OCTOBER 20, 2020

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? It’s critical to invest time (and money if required) in setting up advanced inventory forecasting models that produce accurate demand forecasts.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

GlobalTranz

AUGUST 28, 2015

This post will help you understand how to be better at business process management and how technology can aid in that pursuit. . And how does it help a business reach its goals? First, let's start with the definition of a business process. Clearly, this is a broad definition, encompassing a many specific activities.

Optimization Software 95

Optimization Software Modeling Software Vendor Strategies Cost Reduction 95

Ship Monk

AUGUST 22, 2022

Whether you do or you don’t, this blog can help finetune your understanding of what SKUs can be utilized for, how to use them to grow your business , and best practices for this crucial part of inventory management. And the size would definitely have an alphanumeric assignment (small, medium, large, etc.). What is a SKU?

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

Conger

FEBRUARY 22, 2023

Here’s a simple order picker definition: Order pickers are material handling equipment used to pick and transport items from shelving or pallet racking to help fill orders in warehouses and distribution centers. And depending on the model, the electronic control boards (i.e. Some larger models can also be 48-volt. Pallet claw.

Definition 52

Definition Ordering Modeling Software Picking 52

ShipLilly

JULY 15, 2021

How the pandemic has increased abandoned cargo rates. Although cancellations were always part of the shipping business model, it is getting worse. Technical definition of abandoned cargo. India is an example of a country that has a short waiting period of a month before cargo is classified as being abandoned.

Cargo 98

Cargo Purchasing Skills Freight forwarding Procurement Solutions 98

Talking Logistics

JULY 5, 2017

This topic surfaced again for me last week when my friend Kate Vitasek (architect of the Vested® business model for supplier and company innovation) published a great blog post titled, Learning is Hard; Un-learning is Harder! A great example is a procurement professional who has spent the last 30 years perfecting the art of “buying.”

Supply Chain Design Software 68

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 68

AIMMS

SEPTEMBER 25, 2019

There are many great examples where advanced analytics have contributed to social good. They used an AIMMS model to plan the flight schedules and were able to save on 10 flights compared to the previous year through better planning. . Those are very touching examples. Preparing for Champ Camp. Willem Jan van Hoeve.

Optimization Software 62

Optimization Software Optimization Modeling Optimization AIMMS 62

GlobalTranz

AUGUST 9, 2017

But, shippers who understand the top factors influencing parcel pricing, such as dimensional (DIM) pricing models , they can locate additional savings by eliminating unnecessary costs and maintaining better control over shipping practices. For example, a carrier’s fuel surcharge may vary from week to the next. Rate Types.

Negotiating Skills 49

Negotiating Skills Price Reduction Cost Reduction Waste Reduction 49

AIMMS

FEBRUARY 20, 2015

How do we determine what’s important? How to align on that? How do we measure on a corporate level, the metrics that matter? And how do we align the organization to focus on reliability of functions, and at the top level, align with the business strategy? How long does it typically take? Can you expand on that?

Supply Chain Planning Software 115

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

Conger

FEBRUARY 11, 2022

How to use a pallet jack. How to Use a Pallet Jack. And here’s a simple pallet jack definition: A pallet jack (sometimes called a “pallet truck”) is the simplest type of forklift, consisting of a: Wheeled trolley. That said, some models - like ride-on pallet jacks - allow operators to stand on the truck itself.

Definition 52

Definition Modeling Software Price Reduction Handling 52

Logistics Bureau

NOVEMBER 14, 2018

One of the challenges of ethical procurement is to know how to make it into a practical reality that people can apply in a consistent way. For example, how would you deal with the following situations in procurement? Read on for more about these examples in the text that follows. However, simple is not the same as easy.

Procurement Analytics 75

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 75

Ship Monk

NOVEMBER 4, 2022

Karina is definitely showing to be a TOP Performer and we want to thank her for all the dedication. As quoted by her supervisor: “She is a prime example of what we want as a team member. She is an example of someone who puts passion into work and makes things the right way! October 20, 2022. Florida Fulfillment Center.

Replenishment 52

Replenishment Outbound Picking Inventory 52

Ship Monk

FEBRUARY 16, 2023

As an example, fulfillment fees explain why it is cheaper to order a product directly from a manufacturer than an online marketplace, and cheaper to order from an online marketplace than it is from an ecommerce brand’s direct website. How does a 3PL do that exactly? ShipMonk is a prime example of a 3PL that brings this to the table.

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

Logistics Bureau

JUNE 5, 2023

But do you know how to operate your fleet for the maximum economy? How to Reduce Truck-Related Costs Trucks and vans are not cheap to run, so if you can save even a little on the cost of operating each vehicle in your fleet, those savings can mount up to a lot—and the more extensive your truck fleet, the more you can save.

Cost Reduction 73

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 73

Ship Monk

MAY 23, 2023

A fulfillment center is the heart of a 3PL (third-party logistics) operation, and because it handles all components of order fulfillment, it streamlines ecommerce brand processes and simplifies your business model. For full details on these areas, definitely check out our in-depth 3PL article as well! Louis, you’re shipping to Zone 7.

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Cost Reduction 52

Logistics Business Magazine

MAY 20, 2021

The view today will be from ground level looking at a few specific examples of WMS and the how’s and why’s of successful implementations, and some issues that could have been avoided in others. Here, Company X did the right thing and created the model. Perhaps there are greater lessons to be learned by making mistakes.

Vendor Strategies 46

Vendor Strategies Modeling Software Cost Reduction Expense Reduction 46

Automotive Logistics

APRIL 5, 2019

CFR Rinkens has just won a contract to ship BMWs from Europe to Vietnam in containers, to take one example. Donaldson says the Philippines is a good example of where its equipment is needed at the moment, because carmakers are looking for onward services from Manila to the many islands making up the country.

Modeling Software 28

Modeling Software Supply Chain Planning Software Logistics Network Optimization Software Definition 28

Bringg

DECEMBER 27, 2017

As Andrew Marder points out, the definition of transparency is expanding , with customers increasingly aware of factors such as worker rights issues, environmental impact, and even political affiliations. But transparency can go far beyond efficiency, comfort and value. Big Data. This trend can take different shapes and forms.

Optimal Sourcing 48

Optimal Sourcing Sourcing Strategies Logistics Network Optimization Software Supply Chain Software 48

Ship Monk

JANUARY 30, 2023

Make sure your fulfillment center also knows exactly how to handle returns, refunds, and reshipments. We have an example of such a list for you below, but we also suggest visiting our Delivery Management 101 article for help with avoiding and managing delivery delays, mistakes, and unhappy customers.

eCommerce 52

eCommerce Supply Chain Planning Software Inventory Reduction Supply Chain Software 52

GlobalTranz

JANUARY 21, 2015

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. This example, the pencil, is already a high value item). What is Reverse Marketing?

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

Logistics Business Magazine

APRIL 23, 2021

Companies were left scrambling, trying to figure out how to meet this heightened demand, keep their employees safe, and continue to operate without their usual supply chain networks. Suddenly, overnight the how and where of manufacturing and distribution changed. The demand on ecommerce was staggering.

Supply Chain Software 63

Supply Chain Software Manufacturing Procurement Automation Supply Chain Design Software 63

Forto

JULY 25, 2018

Experts disagree on the definition of Big Data. Instead of trying to pin down Big Data organization into a specific definition, taking a broad view is more effective. Big Data allows companies to develop the complex models necessary to find and use best practices to reduce international shipping costs.

Supply Chain Planning Software 40

Supply Chain Planning Software Data Optimization Software Optimal Sourcing 40

SYSPRO Smarter ERP

NOVEMBER 8, 2021

But for that special class of disruption, the low-probability, high-impact events like natural disasters, epidemics and other upheavals, organizations don’t know how to mitigate the risk and successfully manage their supply chains, and are now trying to find their way through the minefield of issues and challenges with no clear solution.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

Logistics Bureau

NOVEMBER 2, 2020

I like to quote the following definition of CSR , offered by Chatham House associate fellow, Paul Hohnen. Examples of CSR Programmes. It is always helpful to look at some concrete examples when exploring complex topics. Example #1: Lego. Example #2: Salesforce. Example #3: TOMS.

Waste Reduction 112

Waste Reduction Resource Reduction Supply Chain Design Software Supply Chain Planning Software 112

Automotive Logistics

FEBRUARY 8, 2019

Toyota puts identification on its packaging [that is] different to what Ford does, and different to what GM does, for example, [but] everybody wants supply chain visibility and everyone has the same supplier. For example, wire harnesses in cars are becoming bigger and that means the packaging in the supply chain has to change.

Supply Chain Design Software 28

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Modeling Software 28

247 Customs Broker

DECEMBER 27, 2018

based Airforwarders Association (AfA) , an organization representing more than 275 member companies dedicated to moving cargo throughout the supply chain, with business models varying from domestic to worldwide freight forwarding operations. LM: What about the other side, in terms of airfreight capacity management, for example?

Supply Chain Software 28

Supply Chain Software Supply Chain Planning Software Freight forwarding Cargo 28

247 Customs Broker

MARCH 12, 2018

Historically, the working definition of lights out is a facility without people. The lights-out model has a longer time frame,” says David Huff , principal technology consultant at Honeywell Intelligrated. That’s a major factor changing the traditional definition of lights out. So, the lamp is still lit for lights out.

Supply Chain Software 28

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Automation 28

AIMMS

SEPTEMBER 25, 2019

There are many great examples where advanced analytics have contributed to social good. They used an AIMMS model to plan the flight schedules and were able to save on 10 flights compared to the previous year through better planning. . Those are very touching examples. Preparing for Champ Camp. Willem Jan van Hoeve.

Optimization Software 15

Optimization Software Optimization Modeling AIMMS Optimization 15