Logistics Viewpoints

MARCH 2, 2023

A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. With the right data you can reduce your overall transportation costs, both accessorial costs and overall freight spend. Reduced working capital. Reduced working capital.

Waste Reduction 118

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

Material Handling and Logistics

JULY 29, 2018

While studies show that consumers want sustainable products, only 5%-10% will actually pay a price differential for that,” Sheffi says. Reducing energy costs often reduces GHG emission. And finding alternative energy, which again reduces GHG emissions, is the next step. The ROI of Natural Gas.

Sourcing Strategies 133

Sourcing Strategies Cost Reduction Price Reduction Efficiency 133

Trinity Logistics

SEPTEMBER 22, 2023

Recently, a Grand View Research study shows that the cold chain market was estimated at USD 233.2 Recently, there’s been an increased demand for temperature-sensitive drugs (think covid vaccines and biologics), rising demand for better food quality, a surging need to reduce food waste, and growing demand for generic drugs.

Trends 66

Trends Waste Reduction Industry Supply Chain Planning Software 66

Logistics Business Magazine

SEPTEMBER 22, 2022

The example of the TGW Logistics Group shows why these services are worthwhile. Example: TGW Logistics Group. First, fewer in-house employees are needed on site, which saves money. Remote Services enables intralogistics specialists to access highly automated warehouses and carry out troubleshooting in real time.

Logistics Network Optimization Software 62

Logistics Network Optimization Software Supply Chain Software Material Savings Security 62

SYSPRO Smarter ERP

APRIL 11, 2022

survey , 57% of manufacturing CFOs agree that proficiency and knowledge to create an effective plan to operationalize and transition the business into a digitalized and automated manufacturer is the most critical factor globally. ERP allows CFOs to identify potential efficiencies, enabling costs to be reduced across the organization.

Manufacturing Procurement 105

Manufacturing Procurement ERP Distribution Supply Chain Design Software 105

WorkWave

NOVEMBER 18, 2019

Additionally, some owners believe that up-charging customers and inflating prices is an effective strategy because it gives the appearance of legitimacy and quality. However, studies have found that this is not the case. Consider the time and material cost that you’re going to spend and set your prices from there.

Price Reduction 56

Price Reduction Material Savings Optimization Software Cost Reduction 56

Bringg

MARCH 24, 2021

To meet the new demand, companies will have to adjust their operations for greater efficiency, flexibility, and cost reduction. Studying the market is vital at this phase. A good example of such a strategic decision could be choosing a warehouse’s location. Best practices for supply chain optimization .

Optimal Sourcing 62

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

Logistics Viewpoints

MARCH 6, 2023

In a survey of 54 senior executives, only about one in four believed that the processes of their companies balanced cross-functional trade-offs effectively or facilitated decision making to help the P&L (profit and loss) of the full business.” Mr. Sorenson has studied integrated business planning for many years.

Supply Chain Planning Software 140

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 140

GlobalTranz

AUGUST 20, 2015

This estimate is according to responses provided by 83 percent of the manufacturing executives who participated in a survey conducted as part of an industry study by the Manufacturing Institute and Deloitte Consulting LLP. Skills Shortages. skilled production workers. researchers. machinists. scientists.

Buyer Training 104

Buyer Training Cost Reduction Resource Reduction Optimization Software 104

Material Handling and Logistics

JULY 24, 2018

However, a new study shows that the deterioration in receivables is masked by a significant slowing of payments to suppliers. Overall, the survey found the companies had a Cash Conversion Cycle (CCC) of 33.8 The 1000 largest non-financial companies in the U.S. In 2017, companies significantly extended payments to suppliers, taking 3.4

Optimal Sourcing 92

Optimal Sourcing Inventory Reduction Survey Inventory 92

GlobalTranz

FEBRUARY 6, 2018

Provenance ensures transparency in supply chains, with the aim of encouraging brands to source materials and labor in an ethical and fair trade manner. a pair of jeans that didn’t come from a sweatshop, for example. Blockchain in supply chain changes that.

Supply Chain Design Software 164

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 164

Material Handling and Logistics

OCTOBER 30, 2018

In a recent Forrester study, they found the problem to be poor quality data. Success here can drive significant revenue opportunity and reduce costs, ultimately greatly increasing the stature of procurement in an organization. Be proactive about your suppliers! Foundation, Foundation, Foundation. Master Innovation.

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

Logistics Business Magazine

OCTOBER 11, 2021

In Poland, for example, the unemployment rate was as close to zero as you can get in an advanced economy, with earnings approaching those of Western Europe. To compete in this environment, increased remuneration needs to be targeted at the best performing staff, and to be funded from savings made through improved productivity.

Production 53

Production Material Savings Modeling Software Resource Reduction 53

GlobalTranz

JUNE 24, 2015

To reiterate that reshoring is more than just hype and a very important topic for us to consider the Boston Consulting Group (BCG) study found that 54% of companies with above one billion in revenues are now considering reshoring. Nexant received about 200 survey responses from compounders, fabricators, equipment suppliers and toolers.

Manufacturing Procurement 97

Manufacturing Procurement Supply Chain Planning Software Cost Reduction Sourcing Strategies 97

Ship Monk

APRIL 28, 2023

In addition to satisfying conscientious consumer demand, eco-friendly efforts can benefit your ecommerce business by reducing waste within your company and improving operational efficiencies. Translation: these ecommerce businesses have operating standards that minimize or reduce negative impact on the planet.

eCommerce 66

eCommerce Waste Reduction How To Material Savings 66

Conger

MARCH 25, 2020

of all work orders surveyed, the biggest category of reported issues was leaks. Travel and lift issues came in second among surveyed work orders, at 15.18% of complaints. In fourth place were starting issues, at 12.89% of our survey sample. Error codes and check engine lights came in next, with 6.21% of surveyed issues.

Survey 55

Survey Cost Reduction Ordering Material Savings 55

247 Customs Broker

NOVEMBER 16, 2018

Boatner adds that the adoption of user-friendly consumer products, whether Android or Apple’s iOS, has helped streamline customers’ OS strategies. He describes an OS-agnostic terminal platform that can help unify, for example, the Android devices companies use in their warehouses with the iOS devices they use in the field.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Optimization Software eCommerce 28

Logistics Viewpoints

MAY 3, 2022

A growing number of consumers are asking the brands they buy from to invest in sustainability throughout the supply chain, from the materials they use to make products, to the transportation options they use to deliver products. An IBM study found that 57% of consumers are willing to change their shopping habits to protect the environment.

Supply Chain Design Software 116

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

Logistics Business Magazine

NOVEMBER 24, 2023

Studies show that in some areas, around a third of companies that were unable to fill all vacancies did not receive a single application. As studies show, young people place a high value on flat hierarchies and want modern IT systems in their day-to-day work. The EU is pushing for a comprehensive supply chain law.

Supply Chain Planning Software 58

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Optimization Software 58

GlobalTranz

AUGUST 4, 2015

We will include the "Five Golden Metrics" from Bill Waddell, a lean manufacturing consultant as well as LNS's infographic from a study they conducted. Total cycle time is calculated by studying major purchased components and determining the total days on hand of each one. Total Cycle Time.

Manufacturing Procurement 99

Manufacturing Procurement Procurement Analytics Optimization Software Optimization 99

The Logistics Academy

JUNE 29, 2017

billion in 2016, according to a BI Global Intelligence survey. Swisslog calls that strategy “prebubbling,” says A.K. For example, if a truck hits an object with substantial force, it might send a text or e-mail to a supervisor. Route planning systems also tend to discount variability. By 2021, 22.5

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 40

Ship Monk

AUGUST 30, 2023

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. In fact, studies show that the more expensive your product or purchase type (such as a subscription), the more visits they will make before purchasing. Even when done well, it’s a miserably low rate.

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

Blog on Log

OCTOBER 31, 2006

Those 1,000 Rockin Sockin Robots your buying department purchased a decade ago, for example, take up valuable space. Here are some strategies to consider for maintaining a lean storage profile in your DC operation. Another effective trick is to do a quick study on the buyers' behalf. Use bold face type with words like "POW!"

Inventory Reduction 40

Inventory Reduction Picking Waste Reduction Material Savings 40

Logistics Viewpoints

MARCH 21, 2021

According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. Greg Toornman – vice president global materials, logistics and demand planning at AGCO – told more of this story in a panel at ARC’s Supply Chain Forum. We never had that before.”

Supply Chain Planning Software 144

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 144

Logistics Viewpoints

APRIL 15, 2021

Before the pandemic, in a study of logistics providers conducted by Fraunhofer IML, among those embarking on digitalization initiatives, only 25% of logistics providers in the Fraunhofer IML survey are leveraging digital technologies to think outside the box and reinvent their foundational delivery model.

Supply Chain Planning Software 149

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 149

Logistics Business Magazine

APRIL 8, 2022

The beverage industry is undergoing a prolonged period of significant change that is making warehouse automation a highly attractive option for companies of all sizes across the sector, says Paul Freeman, Head of Logistics Solutions, Toyota Material Handling. Cost saving. Space constraints. Improved safety.

Supply Chain Software 55

Supply Chain Software Automation Material Savings Cost Reduction 55

Logistics Business Magazine

DECEMBER 11, 2022

For example, a big-box retailer that started to build out its pickup services, it delivery services, and so on, so that when the world pivoted, and stores were closed, but people still wanted this retailer’s products, it already had all of that investment there. This alone will have a tremendous impact on the industry.

Supply Chain Planning Software 57

Supply Chain Planning Software Supply Chain Software Supply Chains Trends 57

IoT World Today

MARCH 27, 2020

Manufacturing companies that have relied on China for production materials are feeling the blowback of this dependence; some retailers source more than half their inventory from China, according to 2020 Statista data. Tire companies, for example, now use sensor data to monitor tire pressure and proactively alert customers about maintenance.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Procurement Analytics 145

SYSPRO Smarter ERP

SEPTEMBER 20, 2021

For example, before the pandemic, companies could get by with analog machines, paper-based systems, and disconnected point solutions. Similarly, a 2021 study from McKinsey showed that just 19% of companies that had adopted Industry 4.0 The pandemic made that impossible. Because any time a machine isn’t running, you’re losing money.

Manufacturing Procurement 110

Manufacturing Procurement Optimal Sourcing Optimization Software Digital 110

Logistics Business Magazine

AUGUST 2, 2022

They could of course do both – cutting back on eating out, for example, reducing hospitality trade demand, but investing more in entertaining at home and thus buying more groceries. Creating a flexible space strategy for a potentially difficult Autumn peak season is a great way to mitigate risk.

Cost Reduction 56

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 56

Turvo

JUNE 10, 2020

The study found that 41% of respondents were investing in automation at a faster clip in response to the crisis, with another 43% of business leaders saying they will speed up investments in digital and technology once some normality has returned. Consider this example. the raw materials may be out of reach or under lockdown.

Supply Chain Planning Software 53

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 53

GlobalTranz

MAY 23, 2017

Reference materials. Google 'percent of B2B purchases that start with a search' and you'll see many studies showing that the number is somewhere around 66% to 93%, and many of these surveys are a year or two old. Here is an example from one of our clients: Over 4.6 Blog post format can be just about anything: Video.

Manufacturing Procurement 75

Manufacturing Procurement Waste Reduction Blog Waste 75

247 Customs Broker

APRIL 5, 2018

Gilmore Says… In a great example of the balance in this book, Sheffi notes the actual evidence of consumer preference for Green products is tenuous at best. And it is this supply chain complexity (more on that in a moment) that in part makes crafting sustainability strategies such a challenge in practice.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 28

Logistics Viewpoints

OCTOBER 5, 2021

Raw materials and component shortages, labor shortfalls, port closures, rising fuel costs and other forces will continue to exert enormous pressures on global supply chains in 2022. By that, I mean that extreme uncertainty on both the demand and the supply sides will continue for the foreseeable future. And with good reason.

Optimal Sourcing 126

Optimal Sourcing Resource Reduction Supply Chain Software Supply Chain Design Software 126

247 Customs Broker

APRIL 19, 2018

An off-cited analysis from McKinsey in late 2017, for example, found automation could destroy as many as 73 million US jobs by 2030, about one third of all jobs in the country. For example, in a story I remembered that we ran in 2014, a company called Parkdale Mills had recently re-opened a factory near Gaffney, SC that now produces 2.5

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Supply Chain Design 28

Material Handling and Logistics

AUGUST 14, 2018

A technological innovation that reduced driver productivity is the electronic logging device (ELD), mandated by the federal government for all over-the-road trucks at the end of last year. These measures further reduce warehouse capacity, driving rates even higher," the report says. Other observers are not so sanguine.

Logistics Network Optimization Software 148

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Modeling Software 148

247 Customs Broker

DECEMBER 5, 2018

Gordon Glazer, senior consultant for San Diego-based parcel consultancy Shipware LLC , noted that there appears to be a disconnect relating to the Task Force report indicating that the USPS must pursue new cost-cutting strategies that will enable it to meet the changing realities of its business model. What an unfair mandate,” he said. “No

Cost Reduction 28

Cost Reduction Price Reduction Modeling Software Expense Reduction 28