The Logistics of Logistics

NOVEMBER 15, 2021

The definitions are confusing because the space is so dynamic and ever-changing. Vendor Managed Inventory. Inventory Management. Supply Chain Security Analysis. Non-asset based – companies that don’t own assets like brokerages, service providers, etc. these companies tend to invest in technology. Site Location.

Logistics Network Optimization Software 195

Logistics Network Optimization Software 3PL Supply Chain Planning Software Supply Chain Design Software 195

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. This post will explain how, but first, let’s deal with a few simple definitions. Prioritize your inventory.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Logistics Bureau

DECEMBER 22, 2024

In many cases, your distribution operation will incur unwanted costs to manage returns of damaged items and deliver replacements to the customers (not to mention the cost of writing off damaged inventory). Inventory Days of Supply This KPI tells you the number of days your inventory would last without replenishment, before running out.

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

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 ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

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 ). But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

Turvo

JULY 30, 2021

There has been a definitive increase in the number of shippers working to harness these new TMS functions and capabilities. It can also enhance forecasting in terms of inventory, transportation, and production plans. As a result, faster fulfillment and greater transparency are achieved thanks to better data analysis.

Supply Chain Planning Software 98

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Transportation 98

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

20Cube Logistics

NOVEMBER 13, 2019

Predictive analysis, today is part of all major business operations and processes to help forecast trends, events and to find solutions for complexities. According to Forbes, predictive analysis is mandatory in logistics as it relies heavily on accuracy and timeliness to achieve success. The supply chain market is set to grow from 4.56

Supply Chain Software 40

Supply Chain Software Analysis Supply Chains Inventory Reduction 40

MTS Logistics

OCTOBER 18, 2021

Retailers are faced with a new challenge almost every single day and have tried to replenish their inventories relentlessly during this chaos. Inventories at U.S. This Christmas will be definitely better than last year if you think about last year’s stay-at-home orders during holidays.

Purchasing Skills 98

Purchasing Skills Replenishment Definition Inventory 98

EazyStock

OCTOBER 10, 2018

Big data feeds insights to MDM, and MDM feeds big data with master data definitions. Big data exists in real-time and involves prompt access to data, alerts and inventory management and control metrics through cloud computing systems. 4 Ways Big Data is Changing Inventory Management.

Inventory Reduction 45

Inventory Reduction Supply Chain Planning Software Inventory Modeling Software 45

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. It measures the amount of elapsed time from when an order is accepted to when the product is produced and entered into finished goods inventory.

Manufacturing Procurement 105

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

SYSPRO Smarter ERP

NOVEMBER 8, 2021

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. The pandemic has shown that companies struggle to have the correct distribution of parts in the inventory holding. Work-in-progress inventory.

Supply Chain Planning Software 116

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

Ship Monk

JULY 7, 2022

Minimum Order Quantity Definition. When they encounter an MOQ, they need to consider whether the increased costs of holding inventory will be offset by the savings from purchasing in bulk, and whether they can sell through the inventory before it becomes obsolete. You’ll have to do the calculations, but we can get you started.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

SYSPRO Smarter ERP

JUNE 21, 2022

Instead, businesses have focused most their investments on inventory control and order requirements. The analysis is mostly on point; however, the blame does not lie with Lean. T he goal is to have the minimum amount of inventory on hand (plus a safety stock) to meet demand. .

Supply Chain Planning Software 105

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

Ship Monk

JUNE 16, 2021

While operating at 110% capacity may not always be feasible, making the most of the eCommerce slow season definitely is. Refresh Your Inventory. With that in mind, it makes sense to stir up some serious sales action by refreshing your inventory selection, whether that be by adding new products or breathing new life into old ones.

eCommerce 91

eCommerce Inventory Reduction How To After-sales 91

MTS Logistics

JANUARY 3, 2023

The definition of normalization is difficult to come by. Once inventory levels are down, importers will be able to make more targeted decisions when to ship cargo by looking at the various arrival dates provided by carriers. Increased pressure to replenish inventories. Transpacific eastbound to U.S.

Negotiating Skills 116

Negotiating Skills Industry Tracking and Tracing Inventory Reduction 116

10xLogistics

MAY 14, 2024

I am continuing my series on simple definitions and thoughts in Supply Chain Management. Demand planning is a critical component of supply chain management that predicts customer demand to optimize inventory, ensure on-time deliveries, and manage production schedules efficiently. And why it is so underused I will never understand.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Modeling Software Scenario Planning 62

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 112

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 112

Logistics Bureau

JANUARY 7, 2020

The definition above is not from any textbook, but is one that I am sure you will agree, describes a state of affairs that any corporate leader or business owner would be happy to attain. . Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 111

Turvo

AUGUST 24, 2021

Today, the definition of supply chain resiliency has been changed in ways that have caused ripple effects. Of all the members who can benefit from logistics technology and digital inventory systems, drivers stand to gain the most from automation and advances that include: .

Optimization Software 98

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

Logistics Bureau

JANUARY 1, 2025

ABC Analysis: A form of Pareto analysis applied to a group of products to enable selective inventory management controls. The inventory value for each item is obtained by multiplying the annual demand by unit cost and the entire inventory is then ranked in descending order of cost.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 76

AIMMS

MAY 6, 2019

Excess inventories, expediting, poor order fulfillment, overtime and poor resource utilization are a fact of life. . Lower inventory levels . T his definition of what S&OP is and what the objectives are is still v alid today at this high level. Decisions are taken in isolation and based on judgmental bias, not fact. .

Supply Chain Planning Software 111

Supply Chain Planning Software Scenario Planning Supply Chain Software Modeling Software 111

Logistics Bureau

OCTOBER 2, 2016

The definition above is not from any textbook, but is simply one that I’m sure you’ll agree, describes a state of affairs that any corporate leader or business owner would be happy to arrive at. Inventory shortages. Inventory and storage costs. Inadequate inventory management. Long delivery lead times.

Supply Chain Design Software 99

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 99

MTS Logistics

JANUARY 21, 2022

This makes supply chain planning and resiliency more challenging than ever because there is not only one potential catalyst for change out there where you can simply get protected by shipping more and keeping more inventory. That will be the very definition of success or failure for businesses.

Supply Chains 119

Supply Chains Scenario Planning Government Factories 119

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. We all know that trying to keep optimum stock levels is the ultimate aim of an Inventory Manager.

Analysis 30

Analysis Inventory Definition Availability 30

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 140

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 140

Ship Monk

MARCH 30, 2024

In a nutshell, ShipMonk’s proprietary 3PL software offers you mastery of: Order Management Inventory Management Warehouse Management Fulfillment Automation Market Integrations All Order Data (Real-time and Historical) Add to that, when using ShipMonk 3PL software, you’ll always have complete transparency and access to customer support.

3PL 105

3PL Supply Chain Design Software Optimization Software Supply Chain Software 105

Logistics Business Magazine

JANUARY 16, 2023

The Stratford-upon-Avon based company, which was established in 2007 and recently won a Queen’s Award for Enterprise, is additionally enjoying consistent control of inventory and outbound processes, which help deliver a first-class customer experience.

Procurement Solutions 56

Procurement Solutions Purchasing Skills Procurement Analytics Logistics Network Optimization Software 56

The Logistics Academy

JANUARY 30, 2017

These supply chain partners need to implement inventory best practices to guarantee SKUs are in the right store or facility at the right time to better meet customer service requirements. Inventory positioning is not guesswork. Use inventory positioning. Speed fulfillment. Develop an IIoT strategy. Satisfy safety regulations.

Supply Chain Design Software 40

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

3PL Links

DECEMBER 2, 2022

We will address the following topics in this article: Inbound logistics definition and significance. Stock planning: Stock planning is the process of choosing the right amount of inventory to keep on hand given production demands and consumer demand. Additionally, it makes it easier to choose a model from the inventory.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Logistics Business Magazine

JANUARY 19, 2021

Those key drivers and attributes that first draw people into distribution management – being able to coach and develop a team to meet definitive targets and efficiencies, plus having a strong ‘operator ‘ mindset – are still valued, but modern, digital warehousing certainly requires much greater depth and more varied IT skills.”.

Supply Chain Design Software 71

Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software Supply Chain Design 71

Ottawa Logistics

MARCH 24, 2022

Although Bill Gates is quoted as saying, “Your most unhappy customers are your greatest source of learning,” he most definitely did not build the Microsoft empire off of bad logistics. This requires a different philosophy about handling, a philosophy that your inventory management company may not be fully ready for.

Distribution 62

Distribution Inventory Reduction Material Savings Cost Reduction 62

MTS Logistics

NOVEMBER 24, 2023

This means drivers are definitely on hand to make deliveries. Plenty of Inventory Means Gifts are In-Stock The global supply chain issues that plagued the logistics industry in 2021 and 2022 have largely resolved. Additionally, warehouses are fully staffed, and many employment issues have resolved. In fact, the U.S.

Supply Chains 89

Supply Chains Logistics Network Optimization Software Logistics Trucking 89

GlobalTranz

SEPTEMBER 15, 2015

The TMS enables the shipping controls to what inventory is going out, when it’s going out, where it’s going, when it will get to its destination, and how it’s billed to the respective business. Ironically, these 10 elements are the definition of and instructions for gaining “Best in Class” shipper status.

Supply Chain Planning Software 93

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

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

3PL Links

JULY 7, 2023

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48

CLX Logistics

FEBRUARY 22, 2024

From streamlining sourcing and supplier management to optimizing contract negotiations and spend analysis, AI and ML offer various capabilities that can revolutionize procurement management operations and drive sustainable value creation.

Optimal Sourcing 52

Optimal Sourcing Procurement Supply Chain Software Negotiating Skills 52