Logistics Bureau

JANUARY 9, 2019

According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. Supply Chain Strategy. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. Supply Chain and Business Success By the Numbers.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

Freightos

JANUARY 15, 2024

For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year.

Negotiating Skills 115

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 115

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. Here’s a few examples: Provide orientation and onboarding for drivers and dispatchers . Provide education and training: .

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. Reduced working capital.

Waste Reduction 120

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Logistics Viewpoints

AUGUST 5, 2021

In MIT’s State of Supply Chain Sustainability 2021 , 80% of executives surveyed said the pandemic either had no impact on their commitment or increased it. I was drawn to Hunter and Amory Lovins, who advocated a strategy pairing energy efficiency with renewables, long before its current popularity. But what about the role of planning?

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chains Material Savings Waste Reduction 179

SYSPRO Smarter ERP

JUNE 21, 2022

There are many causes, for example, container ships from Asia are now too large to traverse the Panama Canal (20 years ago they were not), so they offload on the West Coast of the United States and are compelled to truck all goods to the East Coast. Hence our surprise at the findings of the global survey above. .

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 105

SYSPRO Smarter ERP

OCTOBER 4, 2021

A 2020 SYSPRO survey showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic. Here are examples of the tangible return-on-investment (ROI) ERP can bring to your business: Maintain competitive advantage with ERP. ERP reduces operational and administrative costs.

Manufacturing Procurement 119

Manufacturing Procurement ERP Distribution Supply Chain Software 119

SYSPRO Smarter ERP

MARCH 21, 2022

Several surveys have reported how SCM in recent years has moved from being a cost center to one responsible for offering superior customer experience and delivering competitive advantage. Primarily this meant increasing inventories as opposed to other strategies like nearshoring. How Supply Chain Management is changing.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

GlobalTranz

OCTOBER 25, 2017

Inventory tracking is among the top areas most impacted by omnichannel supply chain strategies, and consumer spending habits are forcing inventory tracking technology to evolve, making sure consumers can get the products they want, through the media and channels they want, and at the prices they want.

Inventory Reduction 50

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Optimization Software 50

EazyStock

JUNE 21, 2022

Many more traditional supply chain strategies originated in a steadier business environment. Predictable business cycles and stable demand allowed supply chain professionals to focus less on solving challenges and more on cost reductions. It also reduces costs associated with managing and maintaining IT systems in the long run.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 52

Logistics Viewpoints

AUGUST 7, 2023

If you are implementing a warehouse management system, for example, you scan something, you put it away, you store items, you replenish, you build pallets. Companies typically expect that inventory levels will drop and service levels improve at the end of the first month. This is the penultimate example of leadership commitment.

Supply Chain Planning Software 107

Supply Chain Planning Software Supply Chain Design Software Modeling Software Optimization Software 107

3PL Links

DECEMBER 28, 2023

The system eliminates middlemen and streamlines the freight booking process by automatically matching truck drivers with available loads through the use of algorithms. The primary logistics trends for 2024 are shown below, along with examples of how some of the industry’s top businesses are already incorporating them into their plans.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Sourcing Strategies Trends 48

Logistics Viewpoints

FEBRUARY 16, 2021

In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. This example illustrates why supply chain visibility isn’t enough.

Supply Chain Planning Software 172

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 172

Bringg

MARCH 24, 2021

To meet the new demand, companies will have to adjust their operations for greater efficiency, flexibility, and cost reduction. A good example of such a strategic decision could be choosing a warehouse’s location. That being said, it’s also as important to consider competitors’ strategies to respond to demand. .

Optimal Sourcing 62

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

Logistics Viewpoints

JANUARY 26, 2021

Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts. In a 2018 survey by GEODIS, only 6% of supply chain professionals worldwide believed their companies had achieved supply chain visibility ? A Positive Example.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

Stord

JANUARY 30, 2019

This new strategy is the company’s latest step in a series of initiatives to optimize its network and improve service. FedEx pursued both strategies in 2018. This facility will use specialized technology to store and distribute inventory more efficiently. In response, many shippers moved their inventory to the U.S.

Warehousing 78

Warehousing Inventory Reduction Supply Chain Design Software Cost Reduction 78

Ship Monk

JULY 27, 2022

For an eCommerce business owner, the answer is obvious: How the heck do I get a handle on my inventory management ?! Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! How often does inventory need to be replenished? What is Demand Forecasting?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Logistics Viewpoints

JUNE 12, 2024

According to a survey by McKinsey, 93% of supply chain executives plan to increase their investments in resilience, and 47% of them consider automation and digitization as the top priority. Autonomous shipping has the potential to reduce human errors, improve safety, lower costs, and increase efficiency in the maritime industry.

Supply Chain Planning Software 135

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 135

Logistics Viewpoints

SEPTEMBER 26, 2022

For example, shippers spent much of last year bemoaning soaring ocean shipping rates and ships waiting for days to unload once they reached their destination port. The signals tend to lag what is happening in the market and companies tend to be slow to cut production. Rising unemployment appears to be inevitable.

Supply Chains 125

Supply Chains Vendor Strategies Manufacturing Procurement Inventory Reduction 125

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. For example, are you still a minority owned company?

Manufacturing Procurement 132

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 132

Logistics Viewpoints

JANUARY 12, 2023

A recent survey of global supply chain leaders suggests to me that the industry risks losing momentum. ” E2E also means being able to see things when they are not in transit, such as raw materials upstream, inventory in a warehouse or yard, products in retail outlets, or shipments stuck in customs.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 116

Trinity Logistics

NOVEMBER 17, 2021

In this blog, we’ll dive into what truck detention is, why it happens, how it impacts truck drivers and shippers, and how shippers can help reduce dock delays and detention. Nearly 60 percent of those surveyed reported waiting for longer than two hours on each load. Freightwaves also collected data on driver wait times.

Supply Chain Planning Software 90

Supply Chain Planning Software Cost Reduction Supply Chain Software Inventory Reduction 90

Logistics Business Magazine

AUGUST 15, 2023

The influence of delivery costs on consumer behaviour Recent surveys spotlight the pivotal role that delivery costs play in shaping shoppers’ purchasing decisions. A report by Asendia underscores this, revealing that 43% of the 8,000 global online shoppers surveyed rank delivery costs as a key consideration.

Purchasing Skills 66

Purchasing Skills Cost Reduction eCommerce Price Reduction 66

Blue Grace Logistics

MAY 7, 2019

The CFO is also responsible for identifying opportunities to reduce operating costs without sacrificing the quality of the products and services offered by the company. But is it a good strategy to wait for things to go wrong to ask the CFO to step in? But is it a good strategy to wait for things to go wrong to ask the CFO to step in?

Negotiating Skills 48

Negotiating Skills Purchasing Skills Supply Chain Planning Software Supply Chain Software 48

Blue Grace Logistics

JULY 27, 2021

We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. 51% of the respondents in a global Reuters survey felt that the most perplexing challenge is the unpredictable nature of consumer demand. Simple Examples of Predictive Analytics.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

3PL Insights

FEBRUARY 19, 2019

Below are examples on how AI is used in logistics. Once the items are placed, 3D scanners are used to determine the minimum box size and a box is created by cutting and taping the corrugate accordingly. This increases order picking accuracy and cuts down on the time to fulfill orders. Autonomous Technology.

Supply Chain Software 95

Supply Chain Software Supply Chains Inventory Reduction Cost Reduction 95

Logistics Viewpoints

FEBRUARY 8, 2022

For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. As just one example, Nike’s online sales grew by 75% in 2020 — but its profit margins fell from 45.5% due to the higher costs associated with online selling. While driving a projected $14.1

Optimal Sourcing 114

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 114

Material Handling and Logistics

JULY 24, 2018

However, their ability to collect from customers and manage inventory actually both deteriorated, masked by a significant increase in the time companies take to pay suppliers, according to the latest Working Capital Survey results from The Hackett Group. days and Days Inventory On hand (DIO) rose by just 0.6% to 51 days.

Optimal Sourcing 92

Optimal Sourcing Inventory Reduction Survey Inventory 92

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

ShipLilly

JUNE 23, 2021

Those that have embraced artificial intelligence have reported reduced costs, improved productivity, and more controllable margins or error. There are examples of artificial intelligence being used to achieve these goals. Function 3: Improving the accuracy of inventory management. Consider the operation of balers and forklifts.

Optimal Sourcing 87

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 87

3PL Links

DECEMBER 3, 2023

Predictive analysis can cut inventory expenses by as much as 30%, per a recent report. Additionally, they aid businesses in improving the planning of their distribution, inventory, and manufacturing. Demand predictability Predicting market demand leads to more effective inventory management.

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Analysis Supply Chain Software 48

Freightos

OCTOBER 31, 2022

This article provides an overview, based on a survey of over 1,200 small businesses, of how small and midsize businesses have weathered the storm, and how a changing – and potentially recessionary – market is impacting their outlook. It is wide to consider slimming down inventory stocks…but only to an extent.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chains Manufacturing Procurement Scenario Planning 62

Locus

MARCH 28, 2022

For example, clothing stores enable customers to browse and try out the merchandise in person, get helpful suggestions from the human sales staff, and receive a seamless checkout experience with automated cashiers. Myntra’s Roadster Go (India) store is a fine example of this category. How COVID-19 has changed the face of retail.

Cost Reduction 52

Cost Reduction Supply Chain Planning Software Inventory Reduction Price Reduction 52

GlobalTranz

APRIL 21, 2017

Obviously, it saves money and reduces overhead, but where? Integration Enhances Inventory Control Through Better End-to-End Visibility. Moreover, this means you can manage inventory at any time and from any location, ensuring you have the products on-hand when your customers need them.

Supply Chain Planning Software 64

Supply Chain Planning Software Vendor Strategies Optimization Software Inventory Reduction 64

20Cube Logistics

OCTOBER 29, 2020

According to a survey by market research firm IDC, “Around 50 per cent of supply chain logistics companies will use AI and Power BI for advanced analytics for planning by 2020”. For example, in a warehouse, AI helps retailers to maintain an edge for supply chain operations and product delivery. What is Artificial Intelligence?

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 74

Logistics Viewpoints

NOVEMBER 18, 2021

Nearly 91% of survey respondents want to use advanced technologies such as AI and machine learning to drive warehouse and DC performance improvements. For example, in the morning, we may want to maximize picking density to improve the efficiency of our pickers without much concern about shipping deadlines. Dynamic Slotting.

Optimization Software 155

Optimization Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 155

247 Customs Broker

APRIL 6, 2018

More than 500 qualified respondents to our “34th Annual Salary Survey” report that their salaries moved up only incrementally last year. This year’s survey again draws the most feedback from successful logistics managers who have been climbing the executive ladder for some time. Respondents reflect. There’s never a dull moment.”.

Survey 28

Survey Negotiating Skills Supply Chain Planning Software Manufacturing Procurement 28