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. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Logistics Viewpoints

SEPTEMBER 7, 2022

Within this discipline, one of the toughest challenges is how to get visibility to problems arising across the extended supply network. Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. BD, was using a supply chain risk management solution. But I was skeptical.

Supply Chain Software 123

Supply Chain Software Supply Chains Optimal Sourcing Procurement Solutions 123

Ship Monk

FEBRUARY 12, 2024

This is just an example of course, but it’s the perfect one to illustrate how impactful a review on a product page can be. A strong customer service game before a purchase is made can help reduce returns. Our advanced 3PL software helps your ecommerce brand thrive in the areas of inventory, order, and warehouse management.

Inventory Reduction 59

Inventory Reduction Material Savings eCommerce Resource Reduction 59

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals.

Supply Chain Planning Software 115

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

WorkWave

APRIL 30, 2023

If you’re wondering how to become a handyman, the following steps will give you a better idea of how you can launch your career in the field service industry. Get Started With the Right Tools 1. For example, if you work on existing structures, you must pass an exam and get a Residential Building Remodeler License.

How To 52

How To Purchasing Skills Procurement Solutions Tools 52

Logistics Bureau

NOVEMBER 14, 2018

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

Procurement Analytics 75

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 75

Ship Monk

JUNE 5, 2023

Ecommerce returns are usually initiated by the customer for one reason or another, but the process of refunding the purchase price and recovering the goods is the responsibility of the ecommerce brand or retailer. Yes, reverse logistics is the process of returning goods to the seller or manufacturer. The good news is that help is available.

Reverse logistics 52

Reverse logistics eCommerce Logistics Network Optimization Software Supply Chain Planning Software 52

Logistics Bureau

AUGUST 7, 2023

In this article, we’ll look at some of those challenges and explore potential solutions to help you and your IM team meet the burgeoning demand for fast and accurate order fulfilment. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89

Ship Monk

JANUARY 5, 2024

As you plan for a more productive, profitable, and all around positive new year, ShipMonk wants to share some advice on how to recover from peak season order issues and prevent them from happening again. Reach out to the customer and provide them with all available information on the order, as well as insight on how you intend to fix things.

Ordering 82

Ordering Procurement Solutions Supply Chain Planning Software Supply Chain Design Software 82

Stord

OCTOBER 14, 2020

But that’s not how it works. Instead, inventory is purchased throughout the year, sometimes at different prices. Sometimes it’s purchased at a lower cost, sometimes at a higher cost. Here’s an example of how to use FIFO. Here’s an example of how to use LIFO.

Purchasing Skills 78

Purchasing Skills Inventory How To Procurement Analytics 78

EazyStock

MAY 11, 2021

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

Logistics Problem Solving

NOVEMBER 20, 2018

Before buying new supply chain software, a company wants to make sure the software will perform as promised. The developer’s process to create a new software product (design, coding, testing) is important but the implementation process has a far greater impact than many anticipate. How long will it take for full implementation?

Supply Chain Design Software 61

Supply Chain Design Software Supply Chain Planning Software Procurement Solutions Supply Chain Software 61

GoShip Blog

AUGUST 2, 2022

How to increase brand awareness? For example, simple demographic data will show you the most active age group and their activities or occupations. It gives you an excellent start for creating a tailored purchasing experience and improving the components of certain items. Develop digital marketing.

Supply Chain Design Software 52

Supply Chain Design Software How To Logistics Network Optimization Software Eliminating Excel in Purchasing 52

GoShip Blog

NOVEMBER 8, 2022

This article discusses how small businesses can protect themselves against fraudulent returns without pushing away honest customers. The rise in e-commerce following the pandemic led to a dramatic increase in return purchases. Examples include Shopify POS, SEON, Accertify, and Fraud Filter. The Rising Risks of Return Fraud.

How To 52

How To Expense Reduction Procurement Solutions Cost Reduction 52

Logistics Viewpoints

MAY 11, 2023

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. But do you really need to look specifically at digital twin solutions, or might some of these already be available in the automation you already have? come with any of them.

Optimization Software 142

Optimization Software Supply Chain Design Software Modeling Software Digital 142

Ship Monk

SEPTEMBER 19, 2022

Before you can calculate carrying cost, you’ll need to calculate the following numbers: Opportunity Cost: This is the amount of capital (cash) you have tied up in unsold inventory that could have been invested elsewhere (on more profitable products, for example). How Can ShipMonk’s 3PL Software Help?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

EazyStock

JANUARY 14, 2020

Do you need inventory planning software? Effective inventory planning and control begins with accurate demand forecasting software. Read our blog post on how to calculate your demand forecasting accuracy for further information. Processing and checking every purchase order manually is time-consuming.

Optimization Software 52

Optimization Software Procurement Solutions Inventory Reduction Inventory 52

EazyStock

DECEMBER 13, 2021

Unfortunately there’s no easy solution to the deal with the current global supply chain problems and avoid stockouts altogether. 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. Using Software to Predict when Stockouts will Occur. Hold stock back for key accounts.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

WorkWave

APRIL 21, 2023

You’re in luck if you’ve been wondering how to start a dog poop removal business. Here’s how you can start a successful pet waste removal business. For example, you can offer a lower rate, environmentally friendly removal, or different hours that might be more appealing to some customers.

How To 52

How To Purchasing Skills Waste Procurement Solutions 52

Ship Monk

FEBRUARY 3, 2024

These people are genuinely interested in your product — so much so, that they have purchased your products. Email vs. Other Forms of Communication For many years, email has been the gold standard of communication tools for DTC businesses. How Often This is tricky. They’ve trusted you with their email address and mobile number.

eCommerce 84

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 84

Ship Monk

DECEMBER 5, 2022

Stick with us and you’ll learn how to calculate landed cost — and how this number affects your profitability. Landed cost is the total cost of producing or purchasing a product and delivering it to a customer. How to Calculate Landed Cost. You might also look into producing or purchasing the goods domestically.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

EazyStock

FEBRUARY 18, 2020

Ordering costs include the costs of creating a purchase order, processing an order, receiving and inspecting orders, etc. Let’s take a look at an example. Can my warehouse and staff manage more frequent purchase cycles? In our example, the demand for fidget spinners was 15,000 per year, and EOQ was approx.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

Locus

JANUARY 20, 2022

Reduction in purchases of non-essential items, reduced travel expenditure and an increased focus on home and self care are examples of this change. A highly modern and simple way to purchase and schedule services by professionals, home services are an efficient and time-saving option for customers. Sources: 1. Marketresearch 2.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Modeling Software Optimization Software Procurement Solutions 52

3PL Links

FEBRUARY 13, 2023

How to Innovate Your Supply Chain Management: What You Need to Know | Image Source: Axestrack Organizations must prioritize supply chain management and implement strategies to increase its efficiency if they want to compete in the market. How to innovate? Ikea’s packaging design is a well-known example to help with this matter.

Supply Chain Design Software 62

Supply Chain Design Software Optimal Sourcing Supply Chain Design Supply Chain Software 62

GoShip Blog

FEBRUARY 2, 2023

Examples of brand values include integrity, honesty, customer-centricity, quality, sustainability, diversity and inclusion, equality, collaboration, accountability, creativity, teamwork, social responsibility, etc. What Brand Values Influence Purchase Decisions?

Sourcing Strategies 52

Sourcing Strategies How To Waste Reduction Eliminating Excel in Purchasing 52

Logistics Viewpoints

MARCH 8, 2021

When companies implement enterprise software solutions, they often label that implementation as being part of their company’s digital transformation. But implementing new software does not digitally transform anything if the people that are supposed to use that software cannot do so effectively.

Supply Chain Design Software 153

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 153

Logistics Bureau

APRIL 4, 2022

It will also make it easier to determine, for example, if you should opt for contract rates over spot rates or vice versa. Freight Benchmarking: How to Do it Right. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool.

Negotiating Skills 82

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

EazyStock

FEBRUARY 1, 2021

Here are ways you can optimize your inventory management practices for eCommerce competitiveness: How to Manage eCommerce Inventory. For example: With such different demand patterns, it doesn’t make sense to treat every product the same. Lead time – time it takes your supplier to deliver, from purchase order to stock in the warehouse.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

WorkWave

FEBRUARY 2, 2023

The Basics Before deciding whether or not to start your dog grooming business, you must consider a few things—start-up costs, business entity, location, and, most importantly, how to bring in dog grooming clients. A good example might be; Never work on an untethered animal. Get Started With Pet Services Software!

How To 52

How To Purchasing Skills Scenario Planning Buyer Training 52

WorkWave

SEPTEMBER 23, 2021

Many people are new to online grocery shopping, and getting accustomed to all the options and tools available can make the experience more enjoyable and more accessible than initially expected. For example, suppose your business offers certain specialized grocery products or local farm-to-table services.

Modeling Software 52

Modeling Software Optimization Software How To Procurement Solutions 52

GoShip Blog

JANUARY 11, 2023

Learning how to work through labor shortages keeps your business competitive and your customers satisfied. . For example, international port delays due to insufficient dockworkers will have a trickle-down effect on the order fulfillment processes of many businesses before the products even reach their destination countries.

Supply Chain Planning Software 52

Supply Chain Planning Software Ordering Supply Chain Software Resource Reduction 52

Logistics Bureau

JULY 11, 2022

These KPIs should all be applicable to your supply chain operation, subject to some tweaking to reflect the precise characteristics of your inbound logistics and purchasing functions. SEE ALSO: How to Address Chronic Poor Supplier Performance. The measurement is typically taken over a given time period (often monthly).

Procurement Analytics 107

Procurement Analytics Procurement Solutions Purchasing Skills Inbound 107

Logistics Viewpoints

MAY 3, 2023

Whilst they are classed as indirect purchases, this procurement category plays an essential role in day-to-day operations. For example, for parts that would typically arrive in five days, you might get a lead time of five weeks. The Pandemic and MRO First and foremost, what is MRO?

Supply Chain Design 100

Supply Chain Design Supply Chains Scenario Planning Procurement Solutions 100

Logistics Business Magazine

JULY 3, 2022

How to create a safe, secure, and ergonomic experience for drivers? In the fast-paced fulfilment environment, the technology itself has to be easy to use and include all of the adaptations that users want, for example, will keyboards and scanners be required? This makes a big difference to the ultimate solution.

Procurement Solutions 51

Procurement Solutions Modeling Software Inventory Reduction Logistics Network Optimization Software 51

EazyStock

MARCH 22, 2022

How to overcome demand forecasting challenges. For example, up-to-date information from your staff, customers, and, of course, industry bodies. Collaboration between purchasing and sales departments will allow better sales and trend pattern tracking. For start ups, spreadsheets can be an efficient, low-cost tool.

Supply Chain Planning Software 52

Supply Chain Planning Software How To Supply Chain Design Software Supply Chain Software 52

Conger

MAY 24, 2023

This can benefit various types of industries/companies, most of which use warehousing solutions, including: Manufacturing Manufacturers can benefit from automatic replenishment by delivering supplies needed for production Manufacturers can use automatic replenishment by automating their raw materials or components reordering process.

Replenishment 40

Replenishment Supply Chain Planning Software Supply Chain Design Software Optimization Software 40

GoShip Blog

MAY 26, 2022

Customers Want to Purchase from Sustainable Companies. Examples are cellulose packaging, corrugated bubble wrap, mushroom packaging, glassine, corn starch packaging, craft paper, organic fabrics, etc. GoShip partners with the industry’s finest freight carriers that offer sustainable shipping solutions.

Waste Reduction 52

Waste Reduction Optimal Sourcing Material Savings Cost Reduction 52