Logistics Viewpoints

AUGUST 29, 2024

Lucas Systems has partnered with Carnegie Mellon University on research focused on developing new and innovative ways to reduce distribution center and transportation waste by optimizing the way packing and packaging of multiple items in a single order is executed.

Waste Reduction 151

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction 151

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. We, as consumers, have grown accustomed to buying in bulk in order to pay less per unit. For suppliers and merchants, however, setting a minimum order quantity for your goods can mean the difference between losing money and making a profit on each sale.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

MTS Logistics

MAY 27, 2022

Carriers report strong demand on transpacific trade as some lines now restrict contracted businesses they once committed to, in order to accommodate current spot cargo. For example, recently Target was forced to write down the value of excess inventory that’s stuck in warehouses. Furthermore, T.J.

Global logistics 91

Global logistics Analysis Negotiate Pricing Negotiating Skills 91

ShipLilly

FEBRUARY 12, 2021

Chinese factories are facing challenges of meeting excessive orders that are way beyond their current capacity. Take for example the increased emphasis on the purchase of household goods via e-Commerce platforms. For example, recently the SCFI rate from Shanghai to the East Coast of South America exceeded $8,000 per TEU.

Analysis 105

Analysis Manufacturing Procurement Purchasing Skills Price Reduction 105

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Lots of activities, processes and people are involved in ordering, receiving, storing, picking and shipping items with the ultimate aim of keeping customers happy with the correct orders that are on time. Managing inventory is a complex business.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

Logistics Viewpoints

NOVEMBER 18, 2024

These facilities produce and ship 150,000 order lines per day. For example, at one point, they modeled Brazil and factored tariffs and tax considerations into the total landed costs analysis. They only promise at most 50% of the savings shown by the analysis. Schneider Electric produces roughly 300,000 finished goods.

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Planning Software 122

3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. This ratio increased to 54% in 2022.

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Analysis Supply Chain Software 48

Freightos

DECEMBER 20, 2022

Well, an analysis of US import container volumes 1 as a share of consumer spending 2 in 2021 and 2022 to date implies that every $1,000 in ocean freight costs per forty-foot container accounts for 0.09% of personal consumption expenditures each year. By June of this year, the CPI was increasing at an annual rate of 9%, or 4.5X

Purchasing Skills 62

Purchasing Skills Analysis Cost Reduction Freight 62

EazyStock

FEBRUARY 18, 2020

What is Economic Order Quantity (EOQ)? Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Ordering costs are the costs that arise every time inventory is ordered.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

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

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

JULY 17, 2024

G&J Pepsi-Cola Bottler markets, sells, produces, warehouses, vends, picks, and delivers orders in partnership with Pepsi-Cola. Some of the key measurements that are important to the company include MTBF (mean time between failures/stops), average uptime, MTTR (mean time to repair), and other real-time data and analysis information.

Digital 160

Digital Procurement Analytics Manufacturing Procurement Modeling Software 160

EazyStock

FEBRUARY 18, 2020

What is Economic Order Quantity (EOQ)? Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Ordering costs are the costs that arise every time inventory is ordered.

Ordering 52

Ordering Purchasing Skills How To Inventory 52

Logistics Viewpoints

DECEMBER 12, 2023

The rise of e-commerce has led to higher volumes of smaller orders that need to be fulfilled and shipped individually. Volatile demand means warehouses need to pivot quickly when order volumes change. It matches labor, equipment, and other resources accurately with order volumes, in real time. The result?

Supply Chain Planning Software 185

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 185

Logistics Bureau

SEPTEMBER 3, 2024

We can consolidate loads, we can consolidate, you know with other orders, but you need to understand your suppliers costs to be able to make that assessment. It could be for example, you have a much bigger, more efficient network than your suppliers do and you have much better freight rates. You can open the books on your costs.

Negotiating Skills 100

Negotiating Skills Cost Reduction Negotiate Pricing Price Reduction 100

3PL Links

NOVEMBER 19, 2024

Better manage order volume fluctuation over time. Improve customer satisfaction: specialized operators like 3PL service providers guarantee delivery of the order the next day or even the same day and in excellent condition. Test new markets, without having to invest in new spaces or staff (at least in the last stages of the process).

4PL 62

4PL Optimal Sourcing 3PL Sourcing Strategies 62

FreightWaves SONAR

JULY 2, 2024

SONAR customers who contribute to the Trusted Rate Assessment Consortium (TRAC) have access to benchmarking data for their rates, along with market indicators that allow them to gain an understanding of their competitive advantages and opportunities in order to increase their margins and revenue. Not a current TRAC Contributor?

Optimal Sourcing 64

Optimal Sourcing Procurement Solutions Procurement Analytics Analysis 64

Blue Grace Logistics

JUNE 2, 2020

While there were a few months during the year where orders for heavy-duty trucks peaked – although not as high as the previous two years, it was all in all a slow year for the industry. . According to the report: during the year there were 179,000 orders for Class 8 trucks. How bad is the situation? What’s the impact?

Inventory Reduction 62

Inventory Reduction Ordering Trucking Cost Reduction 62

Logistics Bureau

AUGUST 2, 2021

For example, you might use simple observation to identify visible defects at goods-in, or you could make your analysis a bit deeper by testing a percentage of items received from the supplier. Purchase Order Cycle Time. Cost per Purchase Order and Cost per Invoice. Supplier Defect Rate. How reliable are your suppliers?

Procurement Analytics 118

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 118

GlobalTranz

JUNE 11, 2015

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Examples Case Study 94

Ship Monk

FEBRUARY 9, 2024

As the holiday shopping season reaches its peak, ecommerce business owners everywhere are crossing their fingers, hoping they have enough product in stock and that they didn’t order too much. Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

Logistics Bureau

NOVEMBER 12, 2024

For example, your company’s objective might be to achieve maximum operational productivity, to improve customer service, or perhaps to minimise capital expenditure. Order and picking profiles should be examined too. For example, is an SKU typically ordered by the pallet, carton, split carton, or individual unit?

Modeling Software 77

Modeling Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 77

Logistics Bureau

MARCH 22, 2021

Let’s start with an uncomplicated example: Company A is in the business of distributing whiteboard markers. If they are going to understand their cost to serve, they need to know the cost of shipping, for example, the green one to a customer. Look at your order profile. How many large orders and small orders do you have?

Ordering 118

Ordering Picking Production Examples 118

Ship Monk

FEBRUARY 24, 2024

How much are you spending on manufacturing, shipping, marketing, customer support, logistics services, and order fulfillment services? For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client. There are many different models and formulas for strategically ordering inventory.

eCommerce 105

eCommerce Inventory Reduction Tips Waste Reduction 105

Logistics Viewpoints

DECEMBER 14, 2023

Doing so helps organizations detect market shifts and makes supply chain decisions more forward-looking than an analysis of the past, present, and at best, a tactical view of the future. Designing vehicle routes that explicitly optimize transportation routes with carbon footprint considerations is another example.

Supply Chain Design Software 158

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 158

Logistics Viewpoints

JUNE 4, 2024

It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends. Companies must carefully consider expiration dates when replenishing inventory, aiming for precision in the quantity and timing of their orders.

Inventory Reduction 142

Inventory Reduction Supply Chain Planning Software Inventory Waste Reduction 142

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. This solution provides for purchase order collaboration. Coupa’s BSM platform is based on a public cloud that connects 3500 buyers to ~10 million suppliers.

Procurement Solutions 148

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 148

Ship Monk

APRIL 30, 2024

Order Management This is the most important element of ecommerce software. Every part of the fulfillment process from BUY to delivery is critical and the platform responsible for those orders needs to be able to track them at every stage while keeping you updated with complete visibility. How much do I order?

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 105

Logistics Bureau

OCTOBER 10, 2022

For example, you can optimise for cost, profit, or service, but not for all of them. Therefore, to avoid falling short of your service standards, you need to hold enough stock to ensure you can fulfill every sale or order, even in the face of supply chain shocks and demand spikes. Service as a Barrier to Optimal Inventory.

Inventory Reduction 115

Inventory Reduction Inventory Optimization Modeling Optimization Software 115

SYSPRO Smarter ERP

MARCH 20, 2024

By streamlining and accelerating data collection and analysis, you get the insights you need for effective decision-making. Here are five ways you can benefit from a modern data management solution: Gain out-of-the-box insights. Pre-built analytics allow even non-tech savvy users to get crucial business intelligence fast.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Expense Reduction Cost Reduction 105

ShipLilly

MARCH 3, 2021

For example, in February, the Harbor Trucking Association (HTA) presented a dispute of about $3 million worth of detention and demurrage fees for the previous year. For example, retrieving and returning containers in time allows the next customer to gain access to the equipment. There have been reports of issues in California.

Ordering 52

Ordering Supply Chain Design Software Exercises Maritime 52

Logistics Business Magazine

MAY 8, 2020

Order picking is the central function of any logistics operation, which in turn is of great importance for the overall economic success of a business. About half of all storage costs are incurred in the order picking area, making avoidance of unnecessary additional costs due to picking errors critical. Organisation of order picking.

Picking 36

Picking Ordering Tips Industry 36

Logistics Viewpoints

APRIL 3, 2023

Orders can be cancelled, rush orders come in, factory machines go down, port congestion occurs, and so forth. For example, a suggestion from the system might be to transfer 96,154 units of a stock keeping unit to a distribution center in Denver to fill a projected backorder. Allocation is a good example of this.

Supply Chain Planning Software 171

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 171

Logistics Bureau

JULY 11, 2022

Hopefully these examples will prove helpful if you are building a new supplier scoring process, overhauling your existing metrics portfolio, or just looking for some practical supplier performance measurement ideas. Quantity Ordered versus Quantity Received. The measurement is typically taken over a given time period (often monthly).

Procurement Analytics 108

Procurement Analytics Procurement Solutions Purchasing Skills Inbound 108

Logistics Bureau

OCTOBER 20, 2021

“Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs. Perfect Order. Even if you chose no other KPIs for your supply chain organisation, you’d do well to consider perfect order as an absolute essential.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 98

Logistics Business Magazine

JUNE 10, 2019

In a new white paper entitled ‘Order picking in the timber industry’, Hubtex provides an overview of the most important order-picking systems as well as outlining their advantages and disadvantages. The post White Paper: Order Picking in the Timber Industry appeared first on Logistics Business® Magazine.

White Paper 28

White Paper Picking Ordering Industry 28

Logistics Bureau

NOVEMBER 14, 2018

The challenge is to measure profitability to the right level of detail in order to see what works and what could be improved. Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes.

Purchasing Skills 90

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 90