FreightWaves SONAR

JANUARY 25, 2021

The Maintenance Expense per Mile (MAINT) index captures the total maintenance expense, reported by participating carriers during a given month, expressed on a per-mile basis. The expense reported is specific to the maintenance of company-owned trucks, and company fleet-allocated trailers. Maintenance Expense per Mile (MAINT).

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

Ship Monk

SEPTEMBER 19, 2022

Besides, today’s inventory management systems make tracking inventory costs much simpler. When combined with the reporting capabilities of a tech-forward fulfillment provider , the numbers you need are easily accessible. If carrying costs are 20 – 30% of your total inventory costs, what makes up the other 70 – 80%?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Ship Monk

JULY 28, 2022

This is important because inventory is considered an asset, and its value must be calculated at the end of every accounting period for financial reporting. If your eCommerce business makes and sells hats, for example, you purchase raw materials such as fabric, thread, leather, ribbon, etc. to make the hats.

Inventory 64

Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

EazyStock

DECEMBER 13, 2021

Help Avoid Stockouts with a Simple Risk of Stockout Report. For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. If demand and lead times are consistent, you could update your report once a week, maybe less. Start simple by working out your ‘number of stock days’.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

FreightWaves SONAR

JANUARY 5, 2021

While descriptive analytics can help carriers understand what happened, knowing when to refuse loads or charge a higher cost can be difficult. Quite simply, it costs money to ship freight and the amount can vary significantly by region, zone, mode and more. Debt and interest payments are not included in these costs.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

Locus

MAY 25, 2022

Take last-mile deliveries for example. 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. And how they have been changing! – Important delivery criteria in the U.S. 2021, Statista.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 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. With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

Conger

JULY 22, 2021

For example, these systems can handle tasks ranging from: Receiving goods. For example, a Shopify storefront is an eCommerce platform. A Shopify storefront is an example of an eCommerce platform. Take our Shopify example again. One of the best ways to determine this is to request a demo from the vendor.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software eCommerce Logistics Network Optimization Software 52

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. This allows you to look at your company’s strengths and weaknesses against those trends before predicting potential performance. Losing multiple customers will significantly impact revenue.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. This allows you to look at your company’s strengths and weaknesses against those trends before predicting potential performance. Losing multiple customers will significantly impact revenue.

Supply Chain Planning Software 52

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

Locus

FEBRUARY 27, 2023

Before that, he wanted to purchase a pair of shoes from a nearby store. Time to value is the time customers spend to derive value from the purchased product. This time between purchasing the shoes and deriving value from them is what we call business as the time to value. But we are not going to talk about it now.

Optimization Software 52

Optimization Software Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills 52

FreightWaves SONAR

MARCH 12, 2021

It is important to understand the risks of running a trucking company and to research the best way for your company to incorporate equipment into your business model. In this SONAR example, I want to focus on the decision of when to start a trucking company and more importantly, what type of equipment would be best to use. .

Purchasing Skills 90

Purchasing Skills Modeling Software Procurement Analytics After-sales 90

EazyStock

DECEMBER 13, 2020

Maybe you need to diversify your supplier network to cover any supplier closures or increased logistical/delivery costs. Maybe you need to minimize your excess stock to free up working capital to cover incoming costs. For example, did you take out a loan through the Paycheck Protection Program ? Improve Demand Forecasting.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Shipchain

APRIL 2, 2019

For example, blockchain can leverage ELD data to refine the estimated time of arrival for deliveries, reports Finextra. More data amounts to greater use in big data analytics, which empowers informed decision-making processes. Learn more about our blockchain-based solution by requesting a demo from us today.

Manufacturing Procurement 49

Manufacturing Procurement Supply Chain Design Software Procurement Solutions Supply Chain Software 49

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? And when we feel uncertain, humans tend to look for examples of what others in our situation have done. We’ll give you some examples of social proof, and we’ll even rank them in terms of trustworthiness. What is Social Proof?

eCommerce 89

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 89

EazyStock

JANUARY 4, 2021

It does this by classifying every inventory item based on it’s demand type, it’s demand volatility, its pick frequency, it’s cost to sell and the target service level you wish to achieve. This list can be manually checked by your team or sent automatically to Acumatica, ready to be used as purchase orders.

Inventory Reduction 52

Inventory Reduction ERP Inventory Optimization Software 52

WorkWave

APRIL 30, 2023

For example, if you work on existing structures, you must pass an exam and get a Residential Building Remodeler License. In addition, Florida requires that you purchase liability insurance if you work on projects worth more than $2,500. If you charge more, you’ll need a California General Contractor License.

How To 52

How To Purchasing Skills Procurement Solutions Tools 52

Locus

MARCH 27, 2024

Instead of every order piling onto the delivery system, customers become willing participants in the logistics chain, picking up their purchases at their convenience. Take XYZ Retail for example, juggling 100 diverse orders ranging from on-demand to next-day deliveries. Schedule a demo with us!

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

Locus

JUNE 23, 2023

In-house In-house order fulfillment, also called self-fulfillment or merchant fulfillment, is a model in which businesses manage order fulfillment activities with their internally owned resources. This hybrid model approach is suitable for companies prioritizing flexibility in order fulfillment.

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Vendor Strategies 52

FreightWaves SONAR

NOVEMBER 9, 2020

For example, ULSDR.CHI shows the average wholesale price of diesel in the Chicago market while ULSDR.USA shows the average wholesale price of diesel nationally. For example, the Atlanta market is supplied with diesel by Colonial Pipeline, which runs from the Houston area to the New York region. Request a SONAR Demo.

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52

GlobalTranz

APRIL 6, 2016

Yet, more consumers are getting online and finding their purchases around the globe. The use of cloud computing powers is enabling today's shippers to have the full transportation management system benefits without the on-site storage costs. For example, at Cerasis we have a report called the "Least Cost Compliance" report.

Supply Chain Design Software 50

Supply Chain Design Software Supply Chain Planning Software Modeling Software Transportation 50

EazyStock

AUGUST 9, 2022

Automated processes from distribution software make it quicker and easier to provide reports and highlight changes in the market. This software enables procurement managers to forge close links with their suppliers and manage the whole procurement process. Improved efficiency. Supplier relationship management (SRM) software.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52

EazyStock

APRIL 28, 2022

You could automate the following: customer relationship management, demand management, order fulfillment, manufacturing flow management, procurement, product development, commercialization and returns. For example, soft drink companies now use recycled plastic to manufacture new single-use plastic bottles.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Optimization Software 52

EazyStock

APRIL 28, 2022

You could automate the following: customer relationship management, demand management, order fulfillment, manufacturing flow management, procurement, product development, commercialization and returns. For example, soft drink companies now use recycled plastic to manufacture new single-use plastic bottles.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Optimization Software 52

Locus

APRIL 29, 2022

It may not require upfront capital investment but it has to deal with rising average delivery cost per order as it’s business requirements increase. Accountability The accountability of the workforce is higher for in-house fleets as they directly report to you. Schedule a Demo.

Outsourcing 52

Outsourcing Optimization Software Cost Reduction Logistics Network Optimization Software 52

Freightos

JULY 11, 2017

For example, there are over 100,000 companies that sell over $100,000 worth of goods annually. A recent Transport Intelligence report picks up on emerging examples of collaborative contract logistics in the enterprise shipper segment, identifying a great opportunity for small businesses to replicate the practice. “

Purchasing Skills 61

Purchasing Skills Price Reduction Cost Reduction Manufacturing Procurement 61

Locus

JUNE 21, 2022

Everything from your grocery delivery in a matter of minutes, to the television set you purchased online that was delivered with utmost care is an example of efficient last-mile delivery. According to this news report , 65% of US consumers said they would pay more for faster deliveries that were more reliable. Schedule Demo.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Sourcing Strategies Optimization Software 52

FreightWaves SONAR

APRIL 27, 2021

For example, Shipper X (an aggregation of two household-name CPG companies) uses intermodal for ~90% of its dry loads in a number of dense long-haul lanes. As a result, we have avoided discussing the denest intermodal lanes like LA to Chicago and LA to Dallas in this report. . Request a SONAR Demo.

Picking 52

Picking Purchasing Skills Sourcing Strategies Outbound 52