Logistics Bureau

MAY 30, 2022

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. Aligning strategy, service, and financial factors in your supply chain operation is essential to support your company’s overall business strategy , mission, and objectives. The Importance of Alignment.

Inventory Reduction 112

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 112

Logistics Bureau

MAY 24, 2019

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.

Cost Reduction 65

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 65

CLX Logistics

APRIL 22, 2024

Companies that have streamlined their supply chains experience a 15% reduction in supply chain costs, maintain inventory holdings below 50%, and achieve cash-to-cash cycles that are three times faster. [1] Inventory Management Balancing inventory levels is essential to avoid stockouts or excess stock.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 97

Conger

DECEMBER 13, 2022

If you're looking for ways to reduce lead times, you’re in the right place. Because in this post, you’ll find 11 effective strategies for doing just that. Identify and Eliminate Bottlenecks. Before you ditch your suppliers, ensure you're stocked with enough inventory to get through the changeover period. Let's dive in!

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

GlobalTranz

JANUARY 21, 2015

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. What is Reverse Marketing?

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

EazyStock

JUNE 23, 2022

All successful businesses use data to develop strategies and review their outcomes. This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it!

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

SYSPRO Smarter ERP

MARCH 20, 2024

For manufacturers, having the right business intelligence on hand at the right time can eliminate the guesswork from decision making, offering real-time visibility into business processes so you can anticipate your next move. Eliminate reporting inconsistencies and data redundancy. Reduce data warehousing costs.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Expense Reduction Cost Reduction 105

SYSPRO Smarter ERP

AUGUST 1, 2022

A BOM may be a relatively simple document or a complex, multi-levelled product description made from multiple sub-assemblies. Accurate BOM improves inventory flow, and material planning, giving a business the unique competitive advantage it requires. Here’s how BOM can help you manage your inventory. BOM within your ERP.

Optimal Sourcing 111

Optimal Sourcing Manufacturing Procurement Material Savings Inventory Reduction 111

Logistics Viewpoints

JULY 17, 2023

Better systems at customs agencies can lead to increases in cycle times for companies that are not on top of the complex documentation requirements associated with trade. In short, customs compliance must become proactive and strategic rather than just focused on having the proper documentation and accurately paying duties.

Supply Chain Planning Software 112

Supply Chain Planning Software Compliance Supply Chain Software Optimization Software 112

Stord

JANUARY 7, 2020

But managing orders, inventory, trucking, documents and communication for each project quickly became difficult and disorganized, because they were using 18 different warehousing facilities who all used different software systems or no system at all. to 0% • Lower the product loss rate from 7.2% miles to 12.6

Cost Reduction 78

Cost Reduction Inventory Reduction Vendor Strategies Modeling Software 78

SYSPRO Smarter ERP

AUGUST 2, 2023

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. The ability to monitor transfers between multiple warehouses provides complete visibility, ensuring efficient inventory management.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 98

Logistics Bureau

NOVEMBER 23, 2020

Three rules are really important in inventory management. Excess inventory. 3) Draft an Inventory Policy. If you don’t have an inventory policy: 1) You won’t get consensus. Three rules are really important in inventory management. Reduce the Inventory, Make Significant Savings. ARTICLE SUMMARY.

Inventory Reduction 62

Inventory Reduction Inventory Expense Reduction Supply Chain Planning Software 62

GlobalTranz

OCTOBER 24, 2016

Patrick gives us some insight into workplace efficiency and how to reduce waste. . The lean concept, itself, is a strategy created to simplify, organize and optimize a working environment. Targeting Workplace Efficiency and Reducing Waste . Any cuts made serve to engage more efficient channels of task accomplishment. .

Waste Reduction 99

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction 99

Stord

AUGUST 5, 2020

The SmartWay program provides a structured process for tracking, documenting, and benchmarking logistics’ carbon footprint across the entire supply chain including freight. Ultimately, any reduction in waste has a positive impact on both the environment and your company's bottom line.

Supply Chain Design Software 78

Supply Chain Design Software Waste Reduction Inventory Reduction Optimal Sourcing 78

Turvo

OCTOBER 14, 2021

Let us check out some strategies you can deploy to decrease the driver churn rate for your trucking business. Strategies to reduce driver churn rates in the trucking industry. Automate documentation. The post Five Ways to Reduce Driver Churn Rates in the Trucking Business appeared first on Turvo.

Inventory Reduction 75

Inventory Reduction Cost Reduction Trucking Logistics Network Optimization Software 75

Logistics Viewpoints

MARCH 2, 2023

Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. HBR also cites technology’s ability to cut costs and to make “companies more agile and therefore better able to handle […] uncertainty and rapid change.” Reduced working capital. Faster order-to-cash.

Waste Reduction 118

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 118

GlobalTranz

JUNE 1, 2015

Lean systems have provided a formidable operating strategy for leaders determined to achieve and maintain optimal operational systems and customer satisfaction levels. Inventory records, product specs, shipping documents contain errors. Inventory records, product specs, shipping documents contain errors.

Manufacturing Procurement 133

Manufacturing Procurement Inventory Reduction Waste Reduction Cost Reduction 133

Logistics Business Magazine

JANUARY 24, 2024

Numerous strategies in the logistics sector, such as reverse logistics, process automation, inventory management, and technological innovations, are widely acknowledged and documented. Inputting information once automatically replicates it across all organisational systems, reducing data discrepancies and time-consuming tasks.

Supply Chain Software 58

Supply Chain Software Logistics Network Optimization Software Modeling Software Resource Reduction 58

ShipLilly

APRIL 7, 2021

Otherwise, they will have to deal with inventory gaps that are hard to bridge if their cargo is on board and in transit. Some of the things to consider include deductibles, documentation, time costs, premium increments, and replacement modalities. That means that shippers must negotiate specific arrangements with their insurers.

Cost Reduction 59

Cost Reduction Expense Reduction Inventory Reduction Resource Reduction 59

Dedola Global Logistics

JULY 17, 2023

While the task of transporting goods from one place to another can seem daunting and costly, the right strategy can turn this challenge into a smooth operation that boosts your business performance. A common and effective strategy is to leverage logistics services. Optimized supply chain management is a game-changer for any business.

Freight forwarding 98

Freight forwarding Negotiating Skills Freight Cost Reduction 98

MTS Logistics

JANUARY 29, 2020

Given the current global consumer climate which has seen customers having higher expectations than ever before, supply chains are coming under immense pressure to deliver exceptional services within a reduced timeframe and at a lower cost. Partnerships.

Cost Reduction 69

Cost Reduction Inventory Reduction Trends Logistics Network Optimization Software 69

GlobalTranz

DECEMBER 5, 2018

For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.

Price Reduction 67

Price Reduction Resource Reduction Cost Reduction Inventory Reduction 67

SYSPRO Smarter ERP

MAY 30, 2022

As manufacturers strive to reduce costs while increasing speed, the process of procuring materials, making products, and moving them where they need to be is more complex than ever. With continuous supply chain disruptions, manufacturers need procurement strategies that consider uncertainty.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

CLX Logistics

MARCH 4, 2024

Companies that have streamlined their supply chains experience a 15% reduction in supply chain costs, maintain inventory holdings below 50%, and achieve cash-to-cash cycles that are three times faster. [1] Inventory Management Balancing inventory levels is essential to avoid stockouts or excess stock.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 52

Dedola Global Logistics

NOVEMBER 1, 2023

Cargo transportation complications are not just frustrating for business owners; they can be highly costly in terms of customer dissatisfaction, increased operational costs, inventory shortages, and several other problems. Forwarding agents are experts in shipping documentation. A typical delay is at the customs checkpoint.

Freight forwarding 75

Freight forwarding Freight Cost Reduction Expense Reduction 75

SYSPRO Smarter ERP

MAY 30, 2022

As manufacturers strive to reduce costs while increasing speed, the process of procuring materials, making products, and moving them where they need to be is more complex than ever. With continuous supply chain disruptions, manufacturers need procurement strategies that consider uncertainty.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 98

SYSPRO Smarter ERP

JANUARY 16, 2023

If your business has been around for a while, there’s a good chance that you’re still completing inventory counts, picking, packing, and other tasks manually. Processing documents is one of the most time-hungry tasks in supply chains. When it comes to your business’s supply chain , it can be tempting to stick with what works.

Supply Chain Software 105

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Supply Chains 105

Parade

MARCH 3, 2021

Digitize Invoicing to Eliminate Errors and Guard Cash Flow. Invoice remediation is especially burdensome for small freight, “less than truckload” shippers that deal with multiple units of inventory, and thus multiple invoices, per shipment. Simple invoice & document setup (e.g. Key Features: Basic Auditing.

Supply Chain Software 148

Supply Chain Software Supply Chain Planning Software Resource Reduction Cost Reduction 148

Logistics Viewpoints

NOVEMBER 7, 2022

For supply chain executives, this is a good time to start contemplating stock keeping unit (SKU) reductions (reducing the number of products and product variations manufactured). Inventory write downs are common. Companies also tend to be slow to cut production. Greenhouse Gas Reductions. That won’t work.

Supply Chain Planning Software 127

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 127

MTS Logistics

JUNE 9, 2023

Advanced tracking technologies, such as GPS, RFID, and real-time data analytics enable companies to monitor the movement of goods in real-time, ensuring transparency and reducing the risk of delays or losses. Predictive analytics and big data solutions enable demand forecasting, inventory optimization, route optimization, and risk management.

Supply Chain Software 79

Supply Chain Software Optimal Sourcing Optimization Software Logistics Network Optimization Software 79

Conger

JANUARY 17, 2023

Warehouse 5S is a lean management strategy that helps warehouses accomplish a basic objective: making problems visible. The 5S model is named for five Japanese terms that capture its core philosophy — waste reduction and improved efficiency. Some common sorting strategies include: General cleaning of an area. Clear all paths.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

3PL Links

SEPTEMBER 13, 2022

It even has the ability to support you in inventory management issues, local and regional distribution of merchandise and returns. A 3PL service saves time and money: It allows you to reduce capital investment in physical space and merchandise transportation thanks to the consolidated cargo service. In a word: you reduce stress.

3PL 62

3PL Logistics Network Optimization Software Inventory Reduction Resource Reduction 62

Ship Monk

JANUARY 3, 2024

Q: Does Section 321 eliminate duties and tariffs? A: With Section 321 services, ShipMonk almost entirely eliminates import duties and tariff fees for ecommerce brands. Benefit from ShipMonk’s Section 321 experts filing the right documents and navigating government regulations so you don’t have to.

Inventory Reduction 59

Inventory Reduction eCommerce Cost Reduction Expense Reduction 59

WorkWave

DECEMBER 8, 2023

This function plays a crucial role in the supply chain management process and is an integral part of a company’s overall logistics and operations strategy. Inventory Accuracy and Turnover Accurate inventory management is essential for efficient inbound logistics.

Inbound 52

Inbound Optimal Sourcing Logistics Network Optimization Software Inventory Reduction 52

SYSPRO Smarter ERP

JUNE 22, 2022

Things like inaccurate inventory data, redundant processes and mis-picks all waste time. For example: Your inventory manager likely wants better accuracy of the quantity and location of inventory. Shipping (printing documents, knowing weight/volume to obtain freight quotes, etc.). Step 3: Develop a plan for ERP.

ERP 98

ERP Supply Chain Planning Software Inventory Reduction Supply Chain Design Software 98

SYSPRO Smarter ERP

JUNE 22, 2022

Things like inaccurate inventory data, redundant processes and mis-picks all waste time. For example: Your inventory manager likely wants better accuracy of the quantity and location of inventory. Shipping (printing documents, knowing weight/volume to obtain freight quotes, etc.). Step 3: Develop a plan for ERP.

ERP 97

ERP Supply Chain Planning Software Inventory Reduction Supply Chain Design Software 97

GlobalTranz

FEBRUARY 18, 2022

In this post, we’ll do a deep dive into less-than-truckload (LTL) industry trends to watch for 2022, and highlight actions that shippers should consider to guide their strategy throughout the year. Labor shortages will have a lasting effect, effectively reducing capacity for carriers and terminals. LTL Industry Macro Trends.

Trends 91

Trends Cost Reduction Resource Reduction Inventory Reduction 91