EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Trinity Logistics

AUGUST 22, 2024

Definitely no to the last one!) Common Forms of AI Computer Vision Face recognition is one example of Computer Vision. Common applications include facial recognition, object detection, medical image analysis, and autonomous vehicles. Machine Learning (ML) Predictive analytics is one example of Machine Learning.

Modeling Software 118

Modeling Software Optimization Software Optimal Sourcing Logistics Network Optimization Software 118

Talking Logistics

JULY 17, 2018

Overall, not only are fees increasing to $80 list for both carriers, but the definitions are tightening, and the minimum billable weight is changing (FDX). For example, if a package qualifies for oversize according to FedEx’s definition, it will receive an $80 charge (list rate). What Has Changed? in billed weight.

Negotiating Skills 108

Negotiating Skills Optimal Sourcing Packaging Definition 108

Logistics Viewpoints

FEBRUARY 28, 2022

Let’s start with a definition: any device that can perceive its environment and takes actions that maximize its chance of success at some goal is engaged in some form of artificial intelligence (AI). It is also worth pointing out, that based on this definition, not all forms of machine learning are particularly complicated.

Supply Chain Planning Software 142

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 142

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

MTS Logistics

APRIL 10, 2024

doesn’t automatically mean dumping – the selling has to occur within a very specific legal definition. government’s definition. When dusted in accordance with the definition of dusting above, the battered shrimp product is also coated with a wet viscous layer containing egg and/or milk, and par-fried.”

Production 105

Production Definition Government After-sales 105

GlobalTranz

APRIL 22, 2015

Editor’s Note: Almost 14 months ago we wrote one of our most popular posts entitled, “ The History of Supply Chain and Logistics Management ” contained a bit of history, definitions, and a great infographic visually going through the history of supply chain and logistics management. What is a Logistics Framework?

Global logistics 116

Global logistics Material Savings Cost Reduction Supply Chain Planning Software 116

Trinity Logistics

JANUARY 19, 2024

Now, there’s a lot of definitions out there, but here’s how I define it. That is one example of a public version of Generative AI. For example, a robot in a warehouse that results in a physical action, or it could just be something as small as, if this event takes place, then make this phone call or change this data.

Supply Chain Software 127

Supply Chain Software Logistics Network Optimization Software Modeling Software Supply Chains 127

ShipLilly

APRIL 19, 2021

Let us begin with key definitions. Definitions. For example, it is too risky for more delicate or fragile products. Businesses must do a cost-benefit analysis in terms of time and labor cost before taking this option. For example, any box that is at least 50lbs must be palletized under the Amazon FBA contract.

Packing 98

Packing Cost Reduction Definition Security 98

MTS Logistics

OCTOBER 4, 2023

For example, the New York Times is out with a new article on wind energy and how it can help shipping in the near future as climate change becomes a major focus. According to a Cargill executive profiled in the Times, the turbines can reduce fuel usage by 3 tons per day, which definitely makes an impact on emissions.

Definition 104

Definition Article Cost Reduction Events 104

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The supply chain design solution, for example, continues to grow in depth and usability. Coupa meets this definition. The use cases just keep expanding.

Supply Chain Design Software 109

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 109

Logistics Viewpoints

AUGUST 3, 2022

There are many other similar growth examples in warehouse automation. My research process at ARC includes the review and analysis of publicly available information, as well as interviews with corporate executives and market participants to obtain additional “color”. Granted, there are some less impressive statistics as well.

Supply Chain Software 90

Supply Chain Software Automation Materials Handling Analysis 90

Logistics Bureau

DECEMBER 7, 2024

For example, if you are paying an hourly rate for deliveries, is that necessarily going to create the right behaviour in the transport company to get your deliveries done efficiently? If yours is one of those companies, it might be an idea to look into the latest time definite ocean shipping services that are gaining popularity.

Cost Reduction 97

Cost Reduction Expense Reduction Price Reduction Negotiating Skills 97

GlobalTranz

JANUARY 21, 2015

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Reverse marketing starts first with Value Analysis. Your team should have recorded all Value Analysis ideas in detail to get back to the Supplier by (date).

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

MTS Logistics

MARCH 30, 2022

So to help shed some light on the misconceived ideas for those just getting into project logistics, I reached out to industry colleagues and compiled a paraphrased shortlist of examples and explanations experienced over the last years. Customers have misconceptions of how fast project cargo can move.

Freight 111

Freight Cargo Examples Scenario Planning 111

MTS Logistics

JUNE 22, 2022

Based on past global behaviors, these are just a few examples of the general consensus among analysts, but the past isn’t always indicative of the future. China is a prime example of that; for years they had focused on such methods and now they are a global trading power house, and the recent trade war between the U.S.

Definition 98

Definition Examples Supply Chains Training 98

GlobalTranz

SEPTEMBER 15, 2015

For example, key performance indicators may show live temperatures of climate-controlled LTL shipments, the current routes being used, and when a truck will arrive at a given distribution center. For example, a shipper may conduct daily audits to determine accuracy and accountability for load and dwell times. Operational Intelligence.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Expense Reduction 93

Turvo

AUGUST 24, 2021

Today, the definition of supply chain resiliency has been changed in ways that have caused ripple effects. Examples would be some traditional forms of material handling equipment. Data collection and analysis can be accurately applied to the network. Faster communication with automated messaging and data sharing.

Optimization Software 98

Optimization Software Supply Chain Software Logistics Network Optimization Software Supply Chains 98

Logistics Viewpoints

JUNE 29, 2021

I like the simplicity and clarity of Informatica’s definition of data quality: Data quality refers to the overall utility of a dataset(s) as a function of its ability to be easily processed and analyzed for other uses. So, what is quality data? What makes good data go bad? And what can you do to stop it before it’s too late?

Data 109

Data Supply Chain Design Software Supply Chain Planning Software Digital 109

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. The analysis is mostly on point; however, the blame does not lie with Lean.

Supply Chain Planning Software 105

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

MTS Logistics

FEBRUARY 26, 2024

Let’s start with some definitions of what a freight forwarder is. Plus, for example, we say a single customer can move around 500 containers a year, but a freight forwarder with a healthy roster of customers can move 100,000 containers a year. Well, a freight forwarder negotiates rates on your behalf, knowing the market.

Freight forwarding 111

Freight forwarding Negotiating Skills Freight Negotiate Pricing 111

GlobalTranz

SEPTEMBER 28, 2016

You can read the detailed technical definition here. 3) Reduce Supply Base Risk by the Effective Application of Focused Systemic Improvements and Risk Factor Analysis. . How to Track Performance.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 89

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online. Minimum Order Quantity Definition. It’s that pop-up in your shopping cart that says, “Add $17.96

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

EazyStock

OCTOBER 20, 2020

Firstly, let’s get a few definitions: What is inventory control? ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company. ABC analysis, will help with this. Know your star products! Make sure you have a set of ‘rules’ for every SKU you carry.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

GlobalTranz

SEPTEMBER 8, 2017

In its definition, a real or true digital supply chain management goes beyond the conventional hybrid system and makes use of connectivity, system integration and the information-producing capabilities of its key components. Proper research and analysis. It is therefore of vital importance that you invest time in supplier analysis.

Supply Chain Software 83

Supply Chain Software Supply Chains Digital Waste Reduction 83

Logistics Bureau

MAY 24, 2021

For example, if your cost of goods sold for 2020 was $250,000, and your average inventory on hand was worth $25,000, your inventory turnover ratio would be $250,000/$25,000 = 10, meaning your entire stock of that particular SKU turns over around ten times per year. Using the previous example, dividing 365 days by 10 gives you 36.5

Inventory Reduction 98

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 98

SYSPRO Smarter ERP

NOVEMBER 8, 2021

For example: Japan earthquake 2016. Often a tool like a Failure Mode and Effect Analysis (FMEA) is useful as it serves as a checklist and ensures that the business is thinking about these issues and considering mitigation plans. Supply chain disruptions. US-China trade war 2018. Suez Canal blockage 2021. Review sourcing and suppliers.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

Logistics Viewpoints

APRIL 15, 2021

In my Logistics Viewpoints article in January 2021, “ The New Definition of Supply Chain Agility and Resilience in an Unpredictable World ”, I highlighted that modern supply chains must be built on a foundation of extreme agility and responsiveness. The Key to Long-Term Success: Build Agility, Resilience and Profitability Together.

Supply Chain Planning Software 113

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 113

EazyStock

MAY 11, 2021

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

Talking Logistics

SEPTEMBER 7, 2017

For example, some companies still view cloud TMS solutions as… Being one-size-fits-all : That is, they believe the solutions are not configurable, so they would have to change their transportation processes to conform with the software’s way of doing things. Access to data was another consideration.

Optimization Software 72

Optimization Software Modeling Software Logistics Network Optimization Software Optimization Modeling 72

GlobalTranz

JANUARY 19, 2016

For example, a given trucker who drives beyond the hours of service in the ELD could incur stiff penalties and fines from oversight agencies. Software-as-a-service (SaaS) systems help shippers meet the same criteria in terms of the data analysis, analytics, and payment management.

Trends 53

Trends Transportation Logistics Network Optimization Software Sourcing Strategies 53

SYSPRO Smarter ERP

NOVEMBER 3, 2021

They are part of the quality management process and require an analysis of the top factors that drive returns to determine where interventions are required in the process. The definition of “on-time” can vary depending on the shipping method and if partial deliveries occur but should be based upon the agreed date. Warehousing KPIs.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 105

Talking Logistics

DECEMBER 3, 2018

There is so much talk, and varying interpretations, about digital transformation, that I began our discussion by asking Roger for his definition and what he sees as the current adoption rate. For example, when a customer wants to buy something from you, they send you the order with a purchase order number.

Digital 60

Digital Supply Chain Planning Software Supply Chain Software Procurement Solutions 60

Logistics in War

SEPTEMBER 7, 2024

Military terminology changes frequently, and you might note that Defence – in 2023 – doesn’t have an agreed upon definition for what strategic logistics is, nor what logistics at the ‘strategic level’ of war entails. It is especially concerned with the preparedness of the combat force.” What do we know?

Logistics Network Optimization Software 74

Logistics Network Optimization Software Military Logistics Definition 74

Logistics Viewpoints

MARCH 4, 2021

Examples of building intelligence in your processes: Automating product segmentation based on multiple dimensions including revenue, demand variability, supplier lead-times to manage different service level targets. AI/ML technology will help with many aspects of your supply chain planning both on the demand and supply side.

Supply Chain Planning Software 113

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 113

Infosys Supply Chain Management

SEPTEMBER 30, 2014

Analysis & Probable Solution : The conversation which is mentioned in the blog titled "Typical Challenges in a Repair & Return - Part 1" brings out some of the key issues which are pertinent to a repair & return process. This could well be the first step towards solving such an issue.

Analysis 30

Analysis Inventory Definition Availability 30

Talking Logistics

MARCH 14, 2018

Let’s start with a definition of “managed services.” Additionally, some companies may want to tap us for logistics engineering while other companies have invested in that network and inventory analysis expertise in-house.”. What is Managed Services? According to Chuck the two terms aren’t that different at a high level.

Logistics Network Optimization Software 72

Logistics Network Optimization Software Modeling Software Outsourcing Resource Reduction 72