Logistics Bureau

DECEMBER 4, 2024

What is purchasing? I asked one of our purchasing management experts exactly that question so you can hear it directly from the horse’s mouth. What is Purchasing in Logistics? In short, purchasing is a transaction: you buy an item or a service. Why do people get confused between purchasing and procurement?

Manufacturing Procurement 40

Manufacturing Procurement Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills 40

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.

Supply Chain Planning Software 116

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 116

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

3PL Links

DECEMBER 2, 2022

Everything You Need to Know About Inbound Logistics | Source: Picpedia. We will address the following topics in this article: Inbound logistics definition and significance. Allows for performance analysis. Cost savings through supplier negotiations. Duties of inbound logistics. Components of the inbound logistics.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

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

Logistics Viewpoints

DECEMBER 1, 2022

Let’s take a look at what happened with the major themes, as well as the research and analysis we conducted in 2022 to help determine what those themes will look like in 2023. The only bright note is that shipping costs will be a fraction of what they were over the last several years. Source: Descartes Datamyne. Figure 1: U.S.

Cost Reduction 119

Cost Reduction Resource Reduction Supply Chain Planning Software Logistics Network Optimization Software 119

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. . Built strategic partnerships with vendors to drive down prices. So where does this all lead us?

Supply Chain Design Software 111

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

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

Ship Monk

MARCH 30, 2024

Unfortunately, sometimes supply chain disruptions, differing carrier restrictions, and fluctuating costs can keep that from happening. 2-Day Shipping In today’s gotta-have-it-now atmosphere, your shipping speeds and costs could determine how well you’re able to compete in the ecommerce marketplace. Have more questions?

3PL 105

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

Ship Monk

APRIL 28, 2023

Another survey found that 73% of global consumers would “definitely” or “probably” change their buying behavior to reduce environmental impact. Of US adults surveyed , 69% say environmental impact is important when making a purchasing decision. Teach them how purchasing from you makes them a part of that positive mission.

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

SYSPRO Smarter ERP

NOVEMBER 3, 2021

The SCOR (Supply Chain Operations Reference) methodology has six high-level business activities that define the supply chain – plan, source, make, deliver, return, and enable. 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

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. Initially, this product will focus on the purchase order (PO) acceptance process. Coupa meets this definition. That has recently changed.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 111

EazyStock

OCTOBER 20, 2020

Firstly, let’s get a few definitions: What is inventory control? The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. ABC analysis, will help with this. Know your star products! Inventory classification, such as.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

Logistics Business Magazine

OCTOBER 11, 2022

Descartes Systems Group , a global leader in uniting logistics-intensive businesses in commerce, has released its October report on the ongoing global shipping crisis and analysis for logistics and supply chain professionals.

Procurement Analytics 61

Procurement Analytics Cost Reduction Purchasing Skills Supply Chains 61

Conger

MARCH 28, 2024

Introduction to Fleet Management Fleet Management Definition Businesses across all sectors depend on commercial vehicles to transport people and products daily from cross-country delivery services to your neighborhood gas and oil provider. This integration also helps detect discrepancies or unauthorized fuel usage, thus controlling costs.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

Transporeon

MARCH 22, 2018

Depending on the mode of transport and the type of product being shipped, the offer matrix can contain individual price components and different quantity structures and units, along with additional information that can make comparisons difficult.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48

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. Supply Chain Costs. In order to validate the statement above, it’s helpful to have some statistics to consider.

Supply Chain Design Software 99

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

Logistics Bureau

MAY 24, 2021

That is the level to which each SKU quantity must fall before your inventory management system either notifies you with a reminder to reorder or initiates a purchase order autonomously. To calculate this ratio, you need to take your annual cost of goods sold, and divide it by the average value of inventory on hand.

Inventory Reduction 98

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 98

Logistics Viewpoints

JANUARY 3, 2022

The devices are surprisingly inexpensive, costing $350-500 per vehicle per year depending upon the volume of devices purchased. In September 2020, the company announced what they claim is the world’s first autonomous truck purchase order from Wilson Logistics. Drivers account for 40 percent of the cost of the freight move.

Trucking 128

Trucking Trends Modeling Software Logistics Network Optimization Software 128

Logistics Bureau

AUGUST 7, 2023

Inventory Availability and Cost: Striking a Balance It’s rarely a good idea to think too lean in ecommerce inventory management. The challenge, then, is to strike a balance between sufficient inventory levels to ensure availability and costs that won’t threaten the future of your enterprise. Book a free consultation.

Inventory Reduction 98

Inventory Reduction eCommerce Inventory Procurement Solutions 98

GlobalTranz

JUNE 12, 2018

Goodwill notes shipment data granularity and analysis are linked with better freight allocation , which means making use of the full spectrum of available shipping options, including full truckloads. Specifically, up to 56 percent of consumers will abandon online order purchases if presented with a shipping charge.

Supply Chain Planning Software 60

Supply Chain Planning Software Freight Cost Reduction Purchasing Skills 60

Logistics Bureau

DECEMBER 23, 2024

In fact, you should be very careful about outsourcing logistics with the sole intention of saving costs, period. Unless your current internal operation is truly inefficient, outsourcing may even end up increasing your logistics cost. If you achieve 70% of whats projected, thats still a big plus for your organisation.

Outsourcing 75

Outsourcing Supply Chains Cost Reduction Price Reduction 75

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

GlobalTranz

FEBRUARY 2, 2016

Each of these definitions applies to a manufacturer’s ability to produce a surplus of a product. Imagine if the typical definitions of productive were applied to manufacturing. Preliminary analysis of smartphone sales in the US indicate more than 120 million smartphones will be purchased, sold, or traded in 2016.

Manufacturing Procurement 58

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 58

Logistics Business Magazine

JANUARY 16, 2023

The remote agile medium definitely makes it more manageable for staff and is a lot more practical and cost effective for us as a business than the traditional on-site approach.

Procurement Solutions 56

Procurement Solutions Purchasing Skills Procurement Analytics Logistics Network Optimization Software 56

Now, That's Logistics

MAY 3, 2018

Once you have at least three months’ worth of data from your major brokers (and if you don’t, this is a definite red flag), look at those dashboards and figure out what does and doesn’t look right. When they are selling to their customers, how are duties included in the sales reps’ pricing and bids? Look for any exceptions in the data.

Compliance 60

Compliance Purchasing Skills Manufacturing Procurement Price Reduction 60

EazyStock

MARCH 4, 2021

This post will explain how, but first, let’s deal with a few simple definitions. Possible strategies include reducing your reorder quantities and levels of safety stock or using marketing campaigns or pricing tactics to increase demand and move the stock faster before your customers lose interest altogether. Cost to sell.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

3PL Insights

MAY 23, 2016

If your conversion rate is hovering around the 5% mark, yet you’re spending a lot of money on advertising, then it is definitely time to stop and take a look at why such a large number of your visitors are turning away. The following are ten things that every e-commerce website should have: Simple Navigation. List of Product Benefits.

Optimization 71

Optimization Purchasing Skills Video Purchasing 71

Logistics Bureau

OCTOBER 12, 2024

Yes, we are living in a world of a severe market competition, shorter product life cycle, tougher customer demand, higher cost reduction pressure, longer supply chains, and heavier reliance on outsourcing. Is there any definitive boundaries for procurement not to step across?

Cost Reduction 52

Cost Reduction Procurement Analytics Optimal Sourcing Procurement 52

3PL Links

JUNE 4, 2024

Logistics in E-commerce: Challenges, Importance and Best Practices | Image source: Flickr Logistics is one of the most important and difficult parts of e-commerce for modern online businesses. From definition to best practices for implementation, this article will cover every facet of logistics in e-commerce.

Optimal Sourcing 48

Optimal Sourcing Logistics Network Optimization Software Optimization Software Supply Chain Software 48

Locus

AUGUST 1, 2024

While cutting logistics costs is crucial, but implementation in of itself does not guarantee or sustain the customer base that businesses expect. Is there a way to do this without compromising on cost-efficiency and profitability? The answer is a definite yes. It primarily focuses on customer satisfaction issues post-delivery.

Cost Reduction 52

Cost Reduction Inventory Reduction Resource Reduction Price Reduction 52

EazyStock

OCTOBER 10, 2018

Variety – The different forms of data sources. The analyzed data is gathered from a variety of sources, including both software and hardware, and is collected from devices all over the world, ranging from jet engines and heavy equipment to solar powered trashcans and electric toothbrushes.

Inventory Reduction 45

Inventory Reduction Supply Chain Planning Software Inventory Modeling Software 45

Freightos

JUNE 6, 2016

Analysis: How Bad Is It? The IMO’s recent recommendation to relax enforcement for three months, to allow time for new processes to bed down, will be well received – because Freightos research reinforces concerns from other sources that many forwarders, importers, and exporters are not yet ready.

Freight 75

Freight Industry Logistics Network Optimization Software Cost Reduction 75

Logistics Viewpoints

JUNE 28, 2021

Their technology includes a 1,000-meter perception range, 35 second planning horizon, high-definition maps with accuracy within five centimeters, and a fully redundant sensor suite and components. A customer would purchase TuSimple’s fully autonomous semi-trucks directly from a semi-truck manufacturer. million miles.

Trucking 70

Trucking Logistics Network Optimization Software Cost Reduction Procurement Solutions 70

Conger

JULY 30, 2021

In this article, you’ll learn: The definition of omnichannel distribution. A simple omnichannel distribution definition is that it’s a way of giving consumers the freedom and ease to buy and receive orders from any sales channel they choose. With the rise of eCommerce, consumers have more purchasing options than ever before.

Inventory Reduction 52

Inventory Reduction Distribution Vendor Strategies Waste Reduction 52

Logistics Business Magazine

JUNE 13, 2022

Over the past two years, many things have changed fundamentally in the industry, including purchasing and consumer behaviour. That is why we have conducted extensive surveys and analysis. In this context, the increasing uncertainty is not just about delivery deadlines, but also specific cost issues.

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Software Modeling Software Procurement Solutions 54

Logistics Business Magazine

JULY 1, 2022

Over the past two years, many things have changed fundamentally in the industry, including purchasing and consumer behaviour. That is why we have conducted extensive surveys and analysis. In this context, the increasing uncertainty is not just about delivery deadlines, but also specific cost issues. Q: Instead…?

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 54