Logistics Business Magazine

JUNE 1, 2023

The Chinese manufacturer under German management collaborates via the SCM software OSCA with the fashion specialist to bring transparency into the supply chain. At the same time, users of the tool save a lot of time because they are more effective without having to use tedious Excel lists, e-mail traffic and phone calls.

Supply Chain Design Software 51

Supply Chain Design Software Supply Chain Software Procurement Solutions Logistics Network Optimization Software 51

Ship Monk

AUGUST 15, 2022

If you’re an eCommerce merchant that sells heavier goods, definitely investigate your shipping carrier thoroughly because the speed with which your products reach buyers, and the condition they reach those buyers, is crucial to customer satisfaction and, thus, the growth of your business. Dimensional Weight. Dimensional Weight.

Purchasing Skills 52

Purchasing Skills Logistics Network Optimization Software Procurement Solutions eCommerce 52

Ship Monk

DECEMBER 5, 2022

Landed cost is the total cost of producing or purchasing a product and delivering it to a customer. It includes manufacturing or purchasing costs, shipping costs, and a potential plethora of hidden costs and fees that you may not realize are affecting your bottom line. What is Landed Cost? Assumed Cost (manufacturing + shipping): $50.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Ensure that, somewhere along the way, data diagnostic tools will be used to check for missing and inconsistent data automatically. . Accurate and timely reconciliation of purchase orders with receipts.

Supply Chain Planning Software 157

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 157

EazyStock

JULY 22, 2021

But first – let’s get a definition: What is inventory demand forecasting? Consider demand forecasting software. Below is an example of the different demand factors that can impact or inflate your normal base demand. However, producing an accurate inventory demand forecast is no mean feat. Include qualitative inputs.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

Ship Monk

JULY 11, 2022

Understanding USPS, UPS, FedEx vs DHL Shipping Solutions. That being said, it is definitely helpful to understand the benefits each shipping carrier brings to the table. USPS shipping services offer specially-discounted options, for example “Priority Mail Cubic,” which charges you based on the package’s dimensions, not weight.

eCommerce 52

eCommerce Logistics Network Optimization Software Purchasing Skills Supply Chain Design Software 52

Transporeon

APRIL 4, 2018

These days, consumers are thinking carefully about environmental and sustainability issues when making their purchasing decisions. In general, companies can exert influence through shorter procurement channels and local sources of supply. For example, companies can split transportation over two or more different modes.

Optimal Sourcing 54

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 54

The Lean Thinker

DECEMBER 9, 2022

The work also met every definition of “difficult, dirty and dangerous.” When “trams” (coal carts) were in short supply, for example, the “trammers” would horde carts to optimize their team’s performance at the expense of other teams being limited by the number of carts available.

Modeling Software 259

Modeling Software Optimization Software Expense Reduction ERP 259

Ship Monk

DECEMBER 6, 2023

This post-purchase measure has received a lot of attention in the last few years thanks to social media unboxings. It definitely makes more of an impact than a neutral, could-be-from-anyone brown box with no specific customization. However, a top-tier unboxing matters to everyone, not just folks trying to be influencers.

eCommerce 64

eCommerce Tips Packaging Procurement Solutions 64

IoT World Today

MARCH 27, 2020

These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. And “it’s a great tool,” but there are more sophisticated, more accurate tools to do sourcing. About 82% that use advanced analytical tools, according to Supply Chain Quarterly.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Procurement Analytics 145

EazyStock

OCTOBER 20, 2020

Firstly, let’s get a few definitions: What is inventory control? For more complex inventory classification, use inventory optimization software , which carries out multi-dimensional item categorization. For example, you should consider setting different service levels, safety stock levels and reordering parameters for each category.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Ship Monk

SEPTEMBER 19, 2022

Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. A lot goes into calculating total inventory costs , but the main inputs are purchasing (or manufacturing) costs and setup costs. How Can ShipMonk’s 3PL Software Help? So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Transporeon

APRIL 3, 2018

These days, consumers are thinking carefully about environmental and sustainability issues when making their purchasing decisions. In general, companies can exert influence through shorter procurement channels and local sources of supply. For example, companies can split transportation over two or more different modes.

Optimal Sourcing 48

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 48

EazyStock

MAY 11, 2021

But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition. We’re going to use Frank’s Fasteners business as the example: 1. The best way to start is to adapt your purchasing and inventory policies to each group from the ABC classification.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

Ship Monk

AUGUST 22, 2022

The final 2 – 3 characters in a SKU provide data related to inventory stock—the number of products you have in your store or 3PL fulfillment center, the order that they were purchased, and when they were processed. There are online tools as well, and you can create SKUs by hand. Enhancing Customer Relations.

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

CH Robinson Logistics

OCTOBER 3, 2017

Third party logistics and fourth party logistics (4PL) are both purchased professional services that help businesses plan and execute logistics services. A quick definition of fourth party logistics is below: What is 4PL? Key examples of 3PL: The major functions. Key examples of 3PL: The major functions | Transportfolio.

Supply Chain Design Software 84

Supply Chain Design Software 3PL Supply Chain Planning Software Supply Chain Software 84

EazyStock

JUNE 18, 2019

But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. What’s the solution? Use an inventory optimization tool to automate the process.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Ship Monk

APRIL 26, 2023

2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. For example, say an ecommerce merchant has a 2-Day delivery policy for orders received before 3PM. Sound simple? The remarketing possibilities are abundant!

eCommerce 74

eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 74

WorkWave

MARCH 24, 2021

From keeping up with which keywords you should be targeting to evaluating how viewers are responding to various elements of your ads, sprucing up your SEM campaigns should definitely be on your digital marketing to-do list this year. With the right tools, you can go beyond tracking call sources and even track calls down to the keyword level.

Digital 72

Digital Optimal Sourcing Optimization Software Procurement Analytics 72

Ship Monk

OCTOBER 17, 2022

3PL stands for third-party logistics, and at a glance a 3PL partner provides eCommerce brands with solutions to their fulfillment needs. Do they have strong software and IT capabilities for managing mass supply chain data? With all those offerings, why wouldn’t you entrust your eCommerce brand’s order fulfillment to a 3PL partner?

eCommerce 79

eCommerce 3PL Logistics Network Optimization Software Supply Chain Design Software 79

EazyStock

JUNE 18, 2019

But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. What’s the solution? Use an inventory optimization tool to automate the process.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

Ship Monk

AUGUST 20, 2021

Before you jump on any purchases or investments, see if they’re a need-to-have, a must-have, or somewhere in between. Manufacturing issues and temperamental weather, for example, are among the top culprits behind shipping delays and things just not going according to plan. More than anyone, we know that ship happens.

Supply Chain Planning Software 98

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

Talking Logistics

DECEMBER 3, 2018

There is so much talk, and varying interpretations, about digital transformation, that I began our discussion by asking Roger for his definition and what he sees as the current adoption rate. The problem is they don’t have the data to effectively feed those BI tools.”. He also shared some examples of customer success stories.

Digital 60

Digital Supply Chain Planning Software Supply Chain Software Procurement Solutions 60

Ship Monk

DECEMBER 1, 2022

2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. For example, say an ecommerce merchant has a 2-Day delivery policy for orders received before 3PM. Sound simple? The remarketing possibilities are abundant!

eCommerce 52

eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 52

Transporeon

MARCH 22, 2018

Freight RFQs are complex, and almost every procurement project is unique in its design. In traditional freight procurement processes, results from downstream negotiations can have a retroactive effect on the projected award scenario. In the example, the lanes 1 and 2 would be 100% awarded to "Carrier B."

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48

Ship Monk

JANUARY 30, 2023

Example—In the case of a lost or undeliverable package, a customer-first ecommerce merchant can step up to the plate immediately by contacting the shipping carrier to determine the cause of the problem and sharing this information with buyers so they know when to expect delivery or reshipment.

eCommerce 52

eCommerce Supply Chain Planning Software Inventory Reduction Supply Chain Software 52

Camelot 3PL Software

JANUARY 14, 2021

The IFRC report showed a definite increase in the number of natural disasters since the 1960s, with a sharp 35% increase since the 1990s. A glaring example of how disruptive natural disasters can be for communities, businesses, supply chains, and inventory occurred on March 11, 2011, when an earthquake happened off Japan’s Pacific coast.

Inventory 52

Inventory Supply Chain Planning Software How To Procurement Analytics 52

Ship Monk

JUNE 30, 2023

Let’s start with some definitions. Fortunately, most metrics are tracked automatically, using various tools and software systems. Conversion Rate: The number of visitors to your website (traffic) during a certain time period divided by the number of visitors making a purchase, multiplied by 100 to get the percentage rate.

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

Conger

FEBRUARY 8, 2024

For example, paper mills often use higher-capacity indoor cushion tire forklifts with paper roll clamps. Meaning you can get the equipment faster, making it a cost-effective solution. Here is an example of reconditioning vs buying a new forklift: Let’s consider a scenario with a forklift.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

Conger

FEBRUARY 8, 2024

For example, paper mills often use higher-capacity indoor cushion tire forklifts with paper roll clamps. Meaning you can get the equipment faster, making it a cost-effective solution. Here is an example of reconditioning vs buying a new forklift: Let’s consider a scenario with a forklift.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

Conger

FEBRUARY 8, 2024

For example, paper mills often use higher-capacity indoor cushion tire forklifts with paper roll clamps. Meaning you can get the equipment faster, making it a cost-effective solution. Here is an example of reconditioning vs buying a new forklift: Let’s consider a scenario with a forklift.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

GlobalTranz

MAY 20, 2015

The US quality guru Joseph Moses Juran (born 1904 in Romania ) divides the supplier quality assurance process into nine steps: definition of the product’s quality requirements, evaluation of alternative suppliers. The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 99

Procurement Analytics Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 99

247 Customs Broker

APRIL 12, 2018

As more people made their purchases online versus going to a store, the need for highly flexible supply chains has grown exponentially,” says Dinesh Dongre , vice president of strategy at Softeon, Inc. Together, these two software platforms continue to play a significant role in the typical retail supply chain.

Distribution 28

Distribution Supply Chain Software Optimization Software Procurement Solutions 28

GlobalTranz

JUNE 2, 2016

The definition of "embedded" by itself is as follows, according to Dictionary.com : verb (used with object) , embedded, embedding: 1. Embedded 3PL Relationship Example. The current Logistics or Purchasing Manager wants an answer as to “WIIFM?” Procurement can have a supplier embedded in their location as well.

3PL 52

3PL Manufacturing Procurement Optimal Sourcing Cost Reduction 52

GlobalTranz

MAY 23, 2016

You may have to learn how to navigate a new software, or your organization may simply need additional training on a new transportation management system (TMS). For example, an insurance claim may require original Bills of Lading, notices of declination of coverage for specific shipments and more for the claim to be paid properly.

Cost Reduction 54

Cost Reduction Inventory Reduction Freight Purchasing Skills 54

Logistics Marketing Advisors

JUNE 20, 2018

For example, if you regularly share information with your list using a marketing automation tool like HubSpot, you can easily determine who is and isn’t interacting with your content. This means, for example, no pre-selected checkboxes on forms. Now, let’s address the letter versus the spirit of the law using an example.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Logistics Network Optimization Software Compliance 40

GlobalTranz

FEBRUARY 2, 2016

Each of these definitions applies to a manufacturer’s ability to produce a surplus of a product. Imagine if the typical definitions of productive were applied to manufacturing. Preliminary analysis of smartphone sales in the US indicate more than 120 million smartphones will be purchased, sold, or traded in 2016.

Manufacturing Procurement 58

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 58