WorkWave

DECEMBER 2, 2024

By harnessing data from various sources, businesses can gain insights into customer preferences, peak delivery times, and route efficiency. For example, if delivery times consistently exceed targets, further analysis may reveal specific routes that require optimization or additional resources.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Resource Reduction Waste Reduction 105

The Logistics of Logistics

FEBRUARY 11, 2022

If new hardware is required, it can often be sourced from the WMS vendors. But as these are largely commodity devices, a smart strategy can be to source this hardware separately, with the advice and recommendations from the WMS vendor. Often, a company already has some existing hardware that can be re-purposed with the new WMS.

Modeling Software 221

Modeling Software Logistics Network Optimization Software Cost Reduction Vendor Strategies 221

Logistics Viewpoints

JUNE 26, 2024

So, when I learned that GIS can effectively be used for traffic analysis and management, my interest piqued. GIS is a powerful tool that enables the analysis and visualization of spatial data, allowing for the integration of geographical elements into transportation planning and management. How Does GIS Help?

Sourcing Strategies 122

Sourcing Strategies Optimization Software Optimal Sourcing Logistics Network Optimization Software 122

WorkWave

JANUARY 21, 2025

For example, if an employee works 40 hours at regular pay plus 10 hours of overtime, they will not pay federal income tax on those overtime hours. Impact of Policy Proposals: An Industry-Specific Analysis 1. Similarly, service workers who receive tips will keep this income tax-free.

Cost Reduction 110

Cost Reduction Price Reduction Expense Reduction Material Savings 110

Logistics Bureau

DECEMBER 22, 2024

A KPI is a practical and objective measurement of progress, either: Towards a predetermined goal, or Against a required standard of performance It might help to think of a KPI as something like an instrument on a car dashboarda speedometer, for example. Why Are KPIs Important?

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

MTS Logistics

MAY 13, 2024

One major example is semiconductors. Per their analysis for the last 15 years, the risk level went up from 2.0 It’s worth even checking where/how companies’ main factories are doing sourcing from and de-risking sourcing by switching (if possible) to areas where threat levels are much lower.

Manufacturing Procurement 111

Manufacturing Procurement Price Reduction Military Analysis 111

IoT World Today

MAY 21, 2020

If we’re going to be able to prepare for these types of events in future, we have to identify appropriate sources of information that we should focus on all the time — not just when [crisis] manifests,” said Randy Bradley, associate professor of information systems and supply chain management at the University of Tennessee. .”

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 145

3PL Links

NOVEMBER 19, 2024

Image source: Pexels | 3PL vs. 4PL vs. 5PL: Understanding the Key Differences Between Logistics Providers The peculiar evolution of business in the last two years has brought a new perspective on 3PL, 4PL , and 5PL logistics providers.

4PL 62

4PL Optimal Sourcing 3PL Sourcing Strategies 62

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. By identifying these gaps, you can create sourcing events to close them. <br>- Organize sourcing events to address gaps.

Supply Chain Design Software 129

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 129

Transporeon

MARCH 13, 2017

Procurement professionals, if you are considering a transition from manual and Excel-based RF(x) to online automated e-sourcing platforms, here is the information you need to mitigate fear, uncertainty and doubt in your supplier base. But feedback from suppliers on the available procurement automation platforms tends toward the negative.

Sourcing 48

Sourcing Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 48

Logistics Viewpoints

FEBRUARY 20, 2024

Optimal sourcing plant is different for different periods A baseline optimization model shows that depending on the period (month), the optimal sourcing location varies. For example, Colorado should be serviced by the plant in Texas in certain months and by the California plant during others.

Supply Chain Design Software 122

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 122

Freightos

DECEMBER 20, 2022

Sources: U.S. 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. Between May and September of 2021 alone rates tripled.

Purchasing Skills 62

Purchasing Skills Analysis Cost Reduction Freight 62

Conger

JANUARY 27, 2023

Examples of automation range from a household thermostat to a large industrial control system, self-driven vehicles, and warehousing robots. Examples are industrial robots and multipurpose CNC machines. For example, full warehouse automation to support event-driven, mission-critical system delivery.

Supply Chain Software 52

Supply Chain Software Examples Supply Chain Design Software Supply Chain Planning Software 52

Logistics Viewpoints

AUGUST 15, 2024

The digital twin, for example, can be subjected to numerous stress tests that mimic real-world conditions and observe how different variables interact and impact the entire network. For example, the analysis from stress testing can reveal a particular supplier or production resource is a frequent point of failure under high-demand scenarios.

Scenario Planning 122

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 122

Logistics Viewpoints

SEPTEMBER 19, 2024

For example, running a batch process that now takes 8 hours instead of 12 does not translate into supply chain agility. Planners spend considerable time preparing scenario planning and not the actual analysis. Executing the scenario fast provides diminishing returns when non-value-added tasks take up most of the planner’s day.

Supply Chain Planning Software 119

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 119

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. For example, go to the Walmart, turn right, and it is the third house on the left. From a process perspective, an analysis is not enough.

Supply Chain Design Software 127

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 127

SYSPRO Smarter ERP

MARCH 20, 2024

Common issues include: Lack of data-source integration. The ability to gather and compare data from multiple sources is vital to making real-time decisions. Storage costs increase significantly when you duplicate data across multiple sources. In recent years, the amount of data available to most companies has exploded.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Expense Reduction Cost Reduction 105

SYSPRO Smarter ERP

NOVEMBER 8, 2021

For example: Japan earthquake 2016. One source reports disruptions increased over 60% between 2019 and 2020. Source: McKinsey. This may even suggest much larger safety stocks and in some cases, a whole new sourcing agreement. Review sourcing and suppliers. US-China trade war 2018. Suez Canal blockage 2021.

Supply Chain Planning Software 116

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

The Logistics of Logistics

APRIL 26, 2022

Michelle Sodomka, a Senior Director in charge of Open Sky Group ’s transportation management practice has 15 years’ experience in risk analysis and mitigation within the logistics industry. Not all experts on freight logistics are quite so optimistic that we will have fully autonomous trucks on the road by 2024 like TuSimple is claiming.

Logistics Network Optimization Software 221

Logistics Network Optimization Software Freight Trucking Supply Chain Planning Software 221

Logistics Viewpoints

APRIL 3, 2023

This is combined with data from external sources on weather, logistics lead times, and sustainability performance. They are designed to have minimal impact on the performance of the underlying source systems. Allocation is a good example of this. These crawlers never stop working.

Supply Chain Planning Software 127

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 127

Material Handling and Logistics

JANUARY 22, 2019

It has developed technology which uses AI-powered big data analysis to enable accelerated development of recovery plans when disasters occur. -- UK property company Landsec has reduced its energy intensity by 14.3% (kWh/m2) by introducing energy savings initiatives; a reduction which equated to estimated cost savings of GBP£2.8 million (US$3.6

Material Savings 107

Material Savings Manufacturing Procurement Purchasing Skills Cost Reduction 107

Logistics Viewpoints

AUGUST 29, 2024

Dynamic Slotting involves the use of software and algorithms to perform velocity and affinity analysis, in a real-time, ever adapting fashion, through the use of artificial intelligence and machine learning. By conducting a velocity analysis, the software can categorize products based on their demand and importance.

Waste Reduction 117

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction 117

Logistics Bureau

NOVEMBER 14, 2018

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. This often gives what is called a “whale curve” of accumulated net profits that shows how: Image Source: [link]. Returns management.

Purchasing Skills 93

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 93

MTS Logistics

JANUARY 31, 2024

Suppose that a small percentage of the total container ships in service worldwide continue to transition to greener fuel sources over the next few decades. Traditional alternative fuel sources have been somewhat unreliable on a consistent basis. Traditional alternative fuel sources have been somewhat unreliable on a consistent basis.

Modeling Software 110

Modeling Software Study Supply Chain Software Sourcing 110

Logistics Viewpoints

SEPTEMBER 19, 2023

The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.

Supply Chain Design Software 117

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 117

Talking Logistics

NOVEMBER 6, 2018

Mass Balance Principles (source: GEODIS). Steps for an efficient Mass Balance are: Mass Balance Steps (source: GEODIS). The following is an example of a Mass Balance evaluation results for an Apple iPad. His responsibilities include process optimization, cost saving analysis and new solutions implementation.

Optimal Sourcing 72

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Material Savings 72

3PL Links

JANUARY 8, 2025

Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

GlobalTranz

APRIL 20, 2021

A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. To increase resiliency, consider broadening the supplier base and adding local or near-shore sources. Pricing may vary significantly based on carriers and lanes and capacity constraints.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

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

GlobalTranz

NOVEMBER 19, 2015

Data originates from one of two primary sources: individual sensors gathering data or manual entry of data. In automated data gathering, which is driven by the Internet of Things through radio frequency identification chips or other automated data capture, data is aggregated from thousands of sources. Origination of Data.

Data 77

Data Sourcing Strategies Optimal Sourcing Transportation 77

MTS Logistics

JUNE 7, 2024

Some examples of those new types of ships as follows: Wind-Assisted Propulsion Ships 1. They can switch between different power sources (e.g., It can be produced from renewable energy sources. Significant reductions are necessary to offset the increase in emissions due to the expected growth in seaborne trade.

Industry 97

Industry Sourcing Strategies Optimal Sourcing Maritime 97

GlobalTranz

JULY 14, 2015

Take a look at how the IoT supply chain is changing the landscape in terms of equipment functionality, shipping processes, invoicing and payments, and analysis of trends. For example, a subtle change in hydraulic pressure may still permit the machine to operate. In some cases, human intervention and input will be completely eliminated.

Supply Chain Software 103

Supply Chain Software Supply Chains Manufacturing Procurement Scenario Planning 103

Logistics Viewpoints

JULY 17, 2023

For example, it can look like imports from China are cheaper than the same goods imported from Mexico if a company is not relying on analysis produced by an advanced good global trade compliance (GTC) system. Global trade compliance really needs to be part of companies strategic sourcing programs. For example, the U.S.

Supply Chain Planning Software 98

Supply Chain Planning Software Compliance Supply Chain Software Optimization Software 98

Trinity Logistics

AUGUST 22, 2024

In the 2000s, big data came into play, giving AI access to massive amounts of data from various sources. 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.

Modeling Software 118

Modeling Software Optimization Software Optimal Sourcing Logistics Network Optimization Software 118

AIMMS

AUGUST 3, 2020

However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning , Supply Chain Research Team, 4 May 2020).

Scenario Planning 159

Scenario Planning Supply Chain Planning Software AIMMS Gartner 159

SYSPRO Smarter ERP

JUNE 9, 2022

Here’s an example. The BI tool needs to be able to easily pull all this data together for analysis. Bringing in additional outside data sources can make analysis even more powerful by enabling one to look at a question from a more holistic point of view. ERP and business intelligence.

Supply Chain Planning Software 98

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

3PL Links

MARCH 29, 2023

Image Source: Pexels | Exploring Top 10 Logistics Trends for 2023 and Beyond The adoption of new technology will modernize your company, ensure strong competitive advantages, and make jobs that before looked difficult efficient and productive. Image Source: Pexels | Exploring Top 10 Logistics Trends for 2023 and Beyond 6.

Trends 107

Trends Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 107