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. Supply chain policies and configurations are tested and leverage reinforcement learning to yield the best possible strategies.

Scenario Planning 157

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 157

GoShip Blog

FEBRUARY 7, 2023

Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. Why a Solid Marketing Strategy is Important A marketing strategy refers to a business’s action plan for achieving its short and long-term goals and developing a sustainable competitive advantage.

Waste Reduction 52

Waste Reduction Price Reduction Resource Reduction Expense Reduction 52

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 156

Sourcing Strategies Optimization Software Optimal Sourcing Logistics Network Optimization Software 156

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

ShipLilly

FEBRUARY 12, 2021

Take for example the increased emphasis on the purchase of household goods via e-Commerce platforms. Examples of the sought-after perks include guaranteed space, sure-deal equipment, more space on the ship, and finally the ultimate prize of expedited processing. The statistics are startling.

Analysis 105

Analysis Manufacturing Procurement Purchasing Skills Price Reduction 105

MTS Logistics

APRIL 15, 2022

Although we had seen many bad examples of the piling up strategy, due to lack of direction, these two ports are also now congested. The post Analysis: Should You Redirect Your Cargo and If So, Where? Due to the Port of Houston’s congested status, cargo that was traditionally was moving through Houston has been re-routed to U.S.

Analysis 91

Analysis Cargo Expense Reduction Supply Chains 91

Logistics Viewpoints

AUGUST 29, 2024

Another key strategy is right-sizing cartons to match the specific dimensions of the products being shipped. This leads us to the idea of Dynamic Slotting , an essential strategy for space optimization. By conducting a velocity analysis, the software can categorize products based on their demand and importance.

Waste Reduction 151

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction 151

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

3PL Links

NOVEMBER 19, 2024

While in the previous strategy, the functions are focused on a more practical, day-to-day aspect, focused on the transaction, in a 4PL approach the partner already takes care of integration and optimization tasks. This partner assumes the most global logistics strategy of all.

4PL 62

4PL Optimal Sourcing 3PL Sourcing Strategies 62

EazyStock

FEBRUARY 17, 2021

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Any business that carries inventory needs to avoid stockouts and back orders.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

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. For example, is an SKU typically ordered by the pallet, carton, split carton, or individual unit? Order and picking profiles should be examined too.

Modeling Software 77

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

Logistics Viewpoints

OCTOBER 9, 2024

As the regulatory environment continues to shift, companies that adopt DPP strategies will be better prepared for the future. Environmental Protection Agency focuses on lifecycle analysis and waste management. For example, sustainability regulations in the EU and other regions are becoming more stringent.

Compliance 130

Compliance Digital Sourcing Strategies Waste Reduction 130

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. Next-generation supply chain management tools like CLX LaneLogix are a perfect example of the type of system. Ongoing Spend Analysis.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Stord

JANUARY 7, 2019

The Wall Street Journal’s recent analysis of retailers’ logistical challenges highlights the appeal and success of alternative solutions to traditional warehousing in retail and beyond. Scalability is a huge component of alternative strategies. Alternative warehouse strategies help enterprises, but also small and midsize businesses.

Inventory Reduction 78

Inventory Reduction Price Reduction Supply Chain Planning Software Supply Chain Software 78

Logistics Viewpoints

JULY 17, 2023

And yet Jerry Peck, the vice president of product strategy for global trade and transportation execution at QAD, made the point that when global companies think about digital supply chains, global trade compliance is often not part of their thinking. For example, the U.S. FTZ’s have many advantages.

Supply Chain Planning Software 121

Supply Chain Planning Software Compliance Supply Chain Software Optimization Software 121

EazyStock

AUGUST 21, 2020

There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items. Here we’re going to focus on our favorite top five inventory reduction strategies. So it makes sense to look for ways to reduce inventory and keep levels under control!

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

Expense Reduction 59

Expense Reduction Cost Reduction Price Reduction Strategy 59

The Logistics of Logistics

FEBRUARY 11, 2022

You are Making Significant Logistics Strategy Changes : When you realize that your current WMS cannot support new processes effectively or at all. You are Facing New Omnichannel Fulfillment Requirements : The boom of ecommerce and direct to consumer demands require new strategies and cutting-edge WMS capabilities.

Modeling Software 221

Modeling Software Logistics Network Optimization Software Cost Reduction Vendor Strategies 221

Logistics Viewpoints

JUNE 4, 2024

With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.

Inventory Reduction 142

Inventory Reduction Supply Chain Planning Software Inventory Waste Reduction 142

Logistics Bureau

SEPTEMBER 3, 2024

It’s about assessing the costs your suppliers incur when delivering to your business, which can significantly impact your strategy, pricing, and overall efficiency. Because it can enable you to developed strategies such as, you know, reverse logistics and get the pricing right. And why is that important to know?

Negotiating Skills 100

Negotiating Skills Cost Reduction Negotiate Pricing Price Reduction 100

Logistics Viewpoints

FEBRUARY 22, 2022

The role of logistics in modern companies is not only to support corporate strategy but also to enable it. Here are just a few examples of leveraging data to enable modern transportation orchestration: Do you need rapid and accurate evaluation of different transportation options?

Data 115

Data Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction 115

WorkWave

OCTOBER 17, 2024

Market Analysis Understanding your market is crucial for any business. For example, the global courier and local delivery services market is expected to grow at a CAGR of 4.7% For example, the global courier and local delivery services market is expected to grow at a CAGR of 4.7% Competitive Analysis : Who are your competitors?

Cost Reduction 52

Cost Reduction Logistics Network Optimization Software Transportation Purchasing Skills 52

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

Expense Reduction 48

Expense Reduction Cost Reduction Price Reduction Strategy 48

GlobalTranz

AUGUST 17, 2015

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle. A comprehensive supplier management strategy helps organizations arrange suppliers based on different tiers of importance and reliability. .

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 98

Logistics Bureau

NOVEMBER 3, 2024

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy In 2014, a survey by Tompkins Consortium delivered a shocking revelation.

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 82

GlobalTranz

NOVEMBER 16, 2016

Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. As a result, the simplest way of defining a big data strategy must begin with understanding how it will evolve and affect the company. . How to Get Started with Your Big Data Strategy. .

Resource Reduction 91

Resource Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 91

Logistics Bureau

OCTOBER 10, 2024

And, we’ve also found that by implementing a sound warehouse slotting strategy, we’ve helped clients reduce their labour costs by up to 30%. Slotting strategies often involve placing the fastest-moving SKUs close to the warehouse dispatch zones, which helps to minimise picking operatives’ travel distances and times.

Production 85

Production Inventory Reduction Cost Reduction Expense Reduction 85

MTS Logistics

OCTOBER 31, 2024

There must be efficient strategies deployed to reduce the spread of pests and different stakeholders must contribute in some way. The emerald ash borer, a devastating wood-boring insect found in China and eastern Asia, is an example of a pest that is expensive to eradicate. According to U.S. economy more than $1 billion annually.

Expense Reduction 80

Expense Reduction Resource Reduction Cost Reduction How To 80

Conger

APRIL 1, 2024

Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Examples include cleaning and lubricating the moving parts or replacing parts before they wear out. The secret to achieving efficiency lies in adopting robust maintenance strategies. Let’s dive in!

Material Savings 81

Material Savings Expense Reduction Resource Reduction Cost Reduction 81

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. I see no evidence that less money is being invested in product development.

Supply Chain Design Software 136

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 136

Logistics Bureau

MAY 31, 2021

For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher. The above examples reflect costs that include picking, packing, and last-mile delivery. The list above is not exhaustive but merely provides some notable examples of cost drivers.

Cost Reduction 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

MTS Logistics

SEPTEMBER 30, 2024

For example, a one-day shutdown could see as many as 20,000 containers stuck on ships, unable to be unloaded, leading to cascading effects in the retail and manufacturing sectors. In this article, we will explore various alternative strategies that businesses can employ to navigate challenges and strengthen their resilience.

Negotiating Skills 89

Negotiating Skills Maritime Presentation Distribution 89

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 156

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 156

GlobalTranz

JANUARY 16, 2017

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Data Analysis Grew Exponentially, Providing More End-to-End Visibility and Continuous Improvement. Data analysis is the companion of cloud-computing technologies.

Supply Chain Design Software 59

Supply Chain Design Software Supply Chain Software Supply Chain Design Analysis 59

Material Handling and Logistics

JANUARY 8, 2018

For example, an analysis carried out by AIR on the potential impact of Hurricane Harvey on regional manufacturing found that, based on percentage of the total potential revenue loss, the top three subsectors are petroleum and coal products manufacturing (37%), chemical manufacturing (13%), and oil and gas extraction (12%).

Supply Chains 142

Supply Chains Cost Reduction Examples Events 142

Logistics Viewpoints

AUGUST 14, 2023

Nevertheless, the argument that trade compliance is complementary to a company’s overall tax strategy certainly makes sense to many companies. The large fines above are examples of this class of penalties. For example, the U.S. In many companies, the legal department also rolls up to finance.

Compliance 114

Compliance Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 114