AIMMS

MARCH 8, 2016

A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management. Transportation capacity and cost: carriers are more selective about which retailers they work with and parcel pricing strategies are changing.

Cost Reduction 62

Cost Reduction Inventory Reduction Price Reduction Sourcing Strategies 62

GlobalTranz

JUNE 23, 2015

manufacturers hurried to produce off-shore, believing significant cost reductions and huge profits would follow. Some of those risks and consequences tend to go away or are reduced, offered by Burton and others, make reshoring increasingly attractive: Obscure costs of outsourcing can range from nominal expense up to 300% of production cost.

Cost Reduction 104

Cost Reduction Expense Reduction Inventory Reduction Material Savings 104

AIMMS

MARCH 8, 2016

A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management. Transportation capacity and cost: carriers are more selective about which retailers they work with and parcel pricing strategies are changing.

Optimal Sourcing 69

Optimal Sourcing Sourcing Strategies Cost Reduction Inventory Reduction 69

GlobalTranz

NOVEMBER 10, 2015

However, costs can be further reduced through the use of a warehouse management system (WMS). This includes improving processes in inventory management and saving space. For example, reducing excessive safety stock allows a warehouse to minimize number of reorders, reduce wasted space, and avoid issues in shipping errors.

Supply Chain Planning Software 90

Supply Chain Planning Software Optimization Software Inventory Reduction Cost Reduction 90

GlobalTranz

FEBRUARY 7, 2017

For example, a manufacturer’s financial, warehousing, shipping and auditing information can be kept safely in one platform. These holistic platforms offer increased versatility and flexibility to adapt to fluctuations within markets, and they can eliminate the overhead costs of running an in-house IT department.

Supply Chain Design Software 76

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 76

GlobalTranz

FEBRUARY 13, 2017

To meet this increased demands, more manufacturing and logistics partners are looking for ways to shorten product lifecycles through improving inventory management systems, changing shipping strategies and altering the fundamental ways products move from point A to point B. Autonomous Trucks Will Drive Logistics Forward.

Resource Reduction 82

Resource Reduction Trends Inventory Reduction Material Savings 82

GlobalTranz

JANUARY 4, 2017

In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider. Lean is DAILY continuous improvement, pull systems to reduce inventories (versus push that increases inventory), Lean Six Sigma to improve quality to.003 3PL Answer 1.

Negotiating Skills 77

Negotiating Skills Cost Reduction Scenario Planning Inventory Reduction 77

GlobalTranz

DECEMBER 4, 2015

Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency. 5 Engagement Strategies in Managing a Relationship With a Transportation Management 3PL. Explain how the 3PL’s presence will increase productivity while reducing the stresses of current employees.

Inventory Reduction 53

Inventory Reduction Waste Reduction Resource Reduction Tips 53

GlobalTranz

FEBRUARY 24, 2016

Lean manufacturing refers to eliminating waste, reducing costs, and improving production with finite resources. Since lean systems have already eliminated waste to a finite degree, the use of mobility can further increase cost savings and reduce demands on the system by making information and data available across a given enterprise.

Waste Reduction 53

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 53

GlobalTranz

JULY 22, 2016

Home Depot is revamping their distribution center strategy to include a host of regional centers, and logistics providers stand to reap significant profits from increased collaboration in the marketplace. As a result, companies are doubling down on their efforts to meet the surge in demand and across global omni-channel sales.

Logistics Network Optimization Software 60

Logistics Network Optimization Software Modeling Software Optimization Software Supply Chain Software 60

Talking Logistics

OCTOBER 22, 2018

Author’s Note: The following is an excerpt of what I presented recently in a webinar organized by Descartes Systems Group (a Talking Logistics sponsor) focused on “ Delivery – The Moment of Truth.” I’ll give you a quick personal example. For the rest of my comments and Brian Hodgson’s presentation, watch the webinar archive.

Supply Chain Design Software 61

Supply Chain Design Software Supply Chain Design Webinar Supply Chains 61

AIMMS

NOVEMBER 19, 2015

As we discussed in our recent Supply Chain webinar, this is not an easy task if you have a lot of fluctuating demand and uncertainty in your production process. Every business wants to achieve the optimal mix of customer service, smallest logistics cost and inventory carrying cost. The difference between good and great.

Production 70

Production Supply Chain Planning Software Scenario Planning Optimization Modeling 70

AIMMS

NOVEMBER 19, 2015

As we discussed in our recent Supply Chain webinar, this is not an easy task if you have a lot of fluctuating demand and uncertainty in your production process. Every business wants to achieve the optimal mix of customer service, smallest logistics cost and inventory carrying cost. The difference between good and great.

Production 62

Production Supply Chain Planning Software Optimization Modeling Scenario Planning 62

GlobalTranz

APRIL 17, 2017

It Maintains Inventory Control and Flow. How much inventory do you have right now? More importantly, modern TMSs can be integrated within existing ERP or warehouse management systems to provide greater visibility and accuracy in inventory control. Scalability to meet growing demand and usage. The Big Picture.

Supply Chain Software 49

Supply Chain Software Automation Efficiency Inventory Reduction 49

GlobalTranz

MAY 21, 2015

Many manufacturers & retailers have found that they can use state of the art supply chain management to reduce inventory & warehousing costs while speeding up delivery to the end customer. Managers should ensure that a firm’s transportation strategy supports its competitive strategy.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Cost Reduction Supply Chains 100

GlobalTranz

MARCH 9, 2015

The costs of logistics and inventory are decreasing, contract renewal rate for logistics outsourcing remains good, and the emergence of cutting-edge technologies like 3D printing, drone delivery and augmented reality is opening up a wide vista of opportunities. Some cutting-edge technologies are already busy transforming the market.

Outsourcing 96

Outsourcing Logistics Network Optimization Software Supply Chain Design Software Optimization Software 96

GlobalTranz

MAY 5, 2017

For example, crowdfunding and social media, reports Joe Birkedale of Catalyst , can be leveraged to judge a product’s success in advance of the actual manufacturing process. As a result, inventory can be effectively controlled and costs kept down. If the campaign meets funding goals, it provides a means of market testing.

Manufacturing Procurement 48

Manufacturing Procurement Production Cost Reduction Inventory Reduction 48

GlobalTranz

AUGUST 18, 2015

Companies based on assets have had years of experience in purchasing trucks and managing warehouse inventories. What Data Analytics and Business Process Strategy Services Are Offered? The ever-changing demands of the market and consumers result in a forecast for determining inventory needs.

Logistics Network Optimization Software 96

Logistics Network Optimization Software Procurement Analytics Inventory Reduction Supply Chain Software 96

GlobalTranz

MAY 13, 2015

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 is one of a growing number of big-box retailers building out their supply chains with distribution centers designed to meet the demands of online shopping. Decades in the Making.

Supply Chain Planning Software 115

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

GlobalTranz

SEPTEMBER 4, 2015

In a Logistics Viewpoint survey , 50 percent of businesses reported sharing inventory across all channels or engaging in omni-channel practices. Additionally, the overwhelming majority, 98 percent, of businesses reported sharing inventory between online and retail locations.

Supply Chain Planning Software 106

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 106

GlobalTranz

MARCH 7, 2016

As explained by Bruce Tompkins , improving the supply chain includes improving service levels through better inventory management, reducing operating costs, reducing order-cycle time, achieving 100-percent accuracy, improving supply chain security and control, and improving flexibility.

Procurement Analytics 61

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chains 61

GlobalTranz

SEPTEMBER 7, 2016

Instead, a quick scan of a barcode label or asset inventory ID tag streamlines the data collection process, making all available information relevant to an asset immediately available company-wide with the use of cloud-based asset tracking system. But these innovations don’t always come easily.

Supply Chain Software 54

Supply Chain Software Logistics Network Optimization Software Collaboration Supply Chains 54

GlobalTranz

MARCH 1, 2016

Well, this example shows how wearable technology in the supply chain was being used 3 and a half years ago in 2012. The supply chain is driven by increased consumer demand and ability to meet these demands. What’s Happening with Wearable Technology in the Supply Chain? The benefits of the cloud in the supply chain are clear.

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 74

GlobalTranz

AUGUST 18, 2016

As a result, carriers and suppliers are focusing on how value-added services, such as auditing, small package processing and delivery, and freight optimization, can reduce overall costs and shipping duration. For example, a shipper’s sales team can work with other businesses in a B2B setting. Robotics Are Aiding an Aging Workforce.

Supply Chain Planning Software 60

Supply Chain Planning Software Optimization Software Supply Chain Software Logistics Network Optimization Software 60

GlobalTranz

JANUARY 13, 2016

The Internet of Things Will Increase and Benefit Real Time Inventory Management. As a result, logistics providers will be able to track inventory faster and more efficiently, which will reduce the amount of time required in shipping processes. Essentially, consumers will be able to get products faster.

Trends 63

Trends Industry Logistics Network Optimization Software Inventory Reduction 63

GlobalTranz

JANUARY 10, 2017

In other words, the use of AI may help to improve patient outcomes and reduce delays from misdiagnoses or laboratory testing. For example, planning, purchase order placement, manufacturing floor information logistics operations and beyond became essential variables in the goal of creating a more agile supply chain.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

GlobalTranz

FEBRUARY 27, 2015

As a 3PL who offers a transportation management system we’ve integrated to many ERP software, we view the use of technology as an enablement tool for shippers to cut out unneeded waste and thus add more to the bottom line by saving money from such efficiency. Lower inventory carrying costs. It is providing many positive results.

Manufacturing Procurement 110

Manufacturing Procurement ERP Logistics Network Optimization Software Procurement Solutions 110

GlobalTranz

MAY 24, 2018

The Guide to Reduce Parcel Shipping Costs thru Effective Transportation Management Practices. For example, if a shipper-business owners that works alone expects to make $30 an hour, that rate can be used to calculate the direct handling cost. In other words, shippers are offering free shipping if the order meets set criteria.

Cost Reduction 48

Cost Reduction Handling Expense Reduction Inventory Reduction 48

GlobalTranz

JULY 20, 2015

With the purpose of optimizing supply chain efficiency and asset recovery rates, applying a reverse logistics system has increasingly become a tool that positively impacts profitability as well as assisting an organization in meeting sustainability goals. Increased velocity. Increased service market share. Schedule a demo today !

Reverse logistics 105

Reverse logistics Supply Chain Planning Software Optimization Software Modeling Software 105

GlobalTranz

DECEMBER 1, 2015

An employee may upload a corporate presentation from his or her desktop PC to a cloud storage service, then access it from a personal iPad to show at a client site, for example. A strong acceptable use policy for employees can also contribute to a successful enterprise mobility strategy. Now that's efficiency!

Supply Chain Design Software 54

Supply Chain Design Software Supply Chain Software Modeling Software Inventory Reduction 54

GlobalTranz

APRIL 4, 2016

It was cheaper than producing products in the US, manufacturers could produce large inventories with little capital up front, and consumers did not really have a public voice. Overseas supply chains reduce U.S. At minimum , a product of acceptable quality meets a set of previously agreed-upon specifications.

Manufacturing Procurement 53

Manufacturing Procurement Cost Reduction Price Reduction Inventory Reduction 53

GlobalTranz

OCTOBER 27, 2017

Every business, including manufacturing operations, rely on cash flow to meet important needs like fueling growth and keeping the manufacturing process rolling forward. To fully understand the formula, Current Assets include the cash you have in the bank, your current Accounts Receivable and your inventory. your business may have.

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Software Supply Chains Material Savings 72

GlobalTranz

AUGUST 4, 2015

The total days on hand is the sum of all of such components in the plant regardless of form -- still in its original purchased state, embedded in assemblies or subassemblies, in a modified state in work-in-process inventory, or embedded in a finished product. This is a measure of manufacturing performance -- not financial inventory.

Manufacturing Procurement 99

Manufacturing Procurement Procurement Analytics Optimization Software Optimization 99

Blue Grace Logistics

NOVEMBER 10, 2023

Expedited Freight Questions Answered Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 10, 2023 Whether your organization uses expedited freight shipping every day or occasionally, it pays to understand how to use these services as effectively as possible.

Logistics Network Optimization Software 91

Logistics Network Optimization Software Freight Supply Chain Planning Software Inventory Reduction 91

GlobalTranz

JULY 8, 2015

And at the end, check out a nice infographic speaking more to reverse logistics strategies and practices. For example, a returned product may only require rewrapping of exterior for sale to a secondary consumer. In many cases, the rationale behind this response remains in-house RLS (Reverse Logistics Strategy). Cost Management.

Reverse logistics 110

Reverse logistics Material Savings Cost Reduction Logistics Network Optimization Software 110

GlobalTranz

NOVEMBER 20, 2015

We feel that if more shippers took a strategic look at shipping versus a tactical one, they will reduce costs, improve customer satisfaction, and remain competitive. Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency. Therefore, the amount of time spent picking the items is reduced.

Inventory Reduction 75

Inventory Reduction Material Savings Cost Reduction Transportation 75

GlobalTranz

MARCH 18, 2016

Additionally, overall maintenance costs have dropped by 30 percent, and predictive maintenance has reduced machine-specific failures by 70 percent, reports Louis Columbus of Forbes magazine. Manufacturers will create the infrastructure to host IIoT applications through asset utilization, operational cost reductions, and worker productivity.

Manufacturing Procurement 70

Manufacturing Procurement Cost Reduction Supply Chain Planning Software Industry 70