GlobalTranz

JANUARY 17, 2017

So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. Connected Products Are Increasing in Number.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

WorkWave

JUNE 17, 2024

Reporting and Analytics: Offers valuable reporting and analytics capabilities, allowing businesses to track key performance metrics and make data-driven decisions. How to Get Referrals To effectively obtain referrals, there are various strategies and methods that can be implemented.

Optimal Sourcing 96

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96

EazyStock

NOVEMBER 19, 2020

But when looking at the bigger picture the ‘best-price’ is not always the most cost-effective way to procure a product. A smart stock replenishment strategist will understand supply and demand nuances around the items being ordered and consider factors such as: Lead times – how quickly is the order needed?

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

Trinity Logistics

NOVEMBER 30, 2021

And if you’re looking to purchase software outright versus outsourcing with a 3PL, you’ll soon realize that not all transportation management software companies offer the same thing. You’re going to need to build out a team of transportation management software specialists who can expertly use, read, and pull reporting from your new TMS.

Supply Chain Design Software 116

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 116

SYSPRO Smarter ERP

OCTOBER 9, 2023

Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. Understanding material costing requires information about procurement activities and how long materials linger in inventory before they are used to generate revenue.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

AIMMS

DECEMBER 1, 2016

Analytics: empowering users with transparent prescriptive analytics (optimization) capabilities to generate scenarios and solutions automatically. A modeling and analytics environment like AIMMS allows companies to overcome these limitations. essence of the company’s business planning process.

Supply Chain Planning Software 103

Supply Chain Planning Software Optimization Software Modeling Software Optimal Sourcing 103

3PL Links

JANUARY 8, 2025

In the rest of this article, we will delve deeper into the advantages of how a fleet management system works and how to monitor it properly. How does a fleet management system work? Capacity, these metrics are essential for managers to analyze the operation and opportunities for improvement.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. Read also: How to Calculate the Cost of Transport 2.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

Logistics Bureau

JULY 27, 2016

Regardless of advances in business analytics therefore, I still advocate a measured approach to measurement (pun intended), by way of a carefully chosen handful of KPIs which are meaningful and actionable. Supplier Performance Metrics for Every Organisation. SEE ALSO: How to Address Chronic Poor Supplier Performance.

Procurement Analytics 40

Procurement Analytics Procurement Solutions Purchasing Skills Inbound 40

Logistics Bureau

APRIL 4, 2022

There are several advantages to understanding your freight costs compared to the market generally. Freight Benchmarking: How to Do it Right. In reality, few freight and shipping teams have the time, resources, and clout to extract information from their peers about freight costs, let alone from competitors.

Negotiating Skills 96

Negotiating Skills Logistics Network Optimization Software Purchasing Skills Supply Chain Planning Software 96

Trinity Logistics

AUGUST 3, 2021

Having a TMS for your supply chain can help provide your company with greater visibility, better reporting, and improved performance through automating many manual processes. There’s a big difference between purchasing software to use from a company and working with a 3PL that offers it as a solution. GET MY FREE SUPPLY CHAIN ANALYSIS.

Supply Chain Design Software 139

Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software Procurement Solutions 139

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

Logistics Viewpoints

NOVEMBER 6, 2023

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Increasingly, companies will take sustainability criteria into account in their purchasing decisions. The data, which is reported on the EcoVadis platform, highlights the supplier’s emissions.

Supply Chain Planning Software 95

Supply Chain Planning Software Resource Reduction Procurement Analytics Material Savings 95

GlobalTranz

MAY 1, 2018

Since this trend isn’t likely to change anytime soon, shippers who can contain the cost of shipping by maximizing efficiency and optimization throughout their shipping network will be on firm ground heading into the future. Data-driven analytics enables you to make cost-effective transportation decisions.

Procurement Analytics 61

Procurement Analytics Optimal Sourcing Data Sourcing Strategies 61

Logistics Bureau

OCTOBER 10, 2022

The second is when you implement segmentation of the SKUs in your portfolio based on Pareto analysis. In summary, forecast accuracy directly impacts your ability to optimise inventory, whether your optimisation focus is on service, cost, or profit. How to Improve Forecast Accuracy for Optimal Inventory. 2: Forecast Accuracy.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

Logistics Viewpoints

MAY 11, 2023

How the digital twin concept drives benefit By using advanced analytics and machine learning algorithms, digital twins can provide real-time insights and recommendations to optimize operations, reduce costs, and increase productivity. Do they purchase a 3D warehouse simulation and modeling tool?

Optimization Software 124

Optimization Software Supply Chain Design Software Modeling Software Digital 124

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. ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 98

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

AIMMS

DECEMBER 1, 2016

Analytics: empowering users with transparent prescriptive analytics (optimization) capabilities to generate scenarios and solutions automatically. A modeling and analytics environment like AIMMS allows companies to overcome these limitations. essence of the company’s business planning process. Feel free to contact me.

Supply Chain Planning Software 62

Supply Chain Planning Software Optimization Software Modeling Software Optimal Sourcing 62

Talking Logistics

APRIL 25, 2019

As direct-to-consumer orders continue to increase, this trend in purchasing behavior is also driving the push for agility in MHE. Customized reports and personalized reporting platforms are turning this data into actionable business intelligence to drive MHE decision making.

Materials Handling 77

Materials Handling Supply Chain Planning Software Modeling Software Material Savings 77

Material Handling and Logistics

AUGUST 31, 2018

As explained by the popular saying about how to eat an elephant (“one bite at a time”), overwhelming problems are best solved by simplifying how you look at the issue and taking small steps. The collection, access, analysis and utilization of data must be a primary consideration, not an afterthought. That’s not true.

Supply Chain Design Software 145

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 145

GlobalTranz

MAY 6, 2015

One reason may be that they haven’t made the paradigm shift as to how to implement lean. There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success. Reduction in “Total Cost” of the entire supply chain.

Supply Chain Planning Software 127

Supply Chain Planning Software Waste Reduction Inventory Reduction Supply Chain Software 127

GlobalTranz

JULY 31, 2015

This report, available for purchase here , poised some significant implications for the shipping, and by direct correlation, the logistics industry. With this information in-tow, shippers need to start planning for how to deal with the projected increase. Do not let this report result in your demise. Shippers Prepare….

Freight 124

Freight Procurement Analytics Purchasing Skills Cost Reduction 124

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. If profits start to decline afterwards, your CTS data can offer valuable information about what changed and how to get back on track.

Purchasing Skills 93

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

GlobalTranz

SEPTEMBER 8, 2015

This is the first post in a four-part series on how to achieve best in class shipper status. Each data entry is an opportunity for data capture and analysis. To have the best value per mile in transportation and shipping, a given shipper must have a working knowledge of how shipping processes operate.

Cost Reduction 93

Cost Reduction Expense Reduction Supply Chain Planning Software Optimization Software 93

Conger

MARCH 28, 2024

Data Analytics This involves the collection of data reports from various fleet performance metrics, such as vehicle utilization, fuel consumption, and maintenance costs. Controlling Costs Cost-controlling mechanisms provide businesses with required tools and insights to manage and reduce costs.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

EazyStock

DECEMBER 13, 2021

Help Avoid Stockouts with a Simple Risk of Stockout Report. For example, with the risk of stockout report, you could choose to set out-of-stock alerts at 50% of your safety stock, so ‘out of stock’ will be when you only have 50% of your safety stock left (so you know you have a little extra as a back-up).

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Blue Grace Logistics

JULY 21, 2020

Understanding the nuances of your supply chain and how to improve upon it is the best way to achieve maximum savings, optimize efficiency, and manage customer expectations. The data and analytics gathered during the measure phase is instrumental to a proper understanding of your operations. Putting it into Action.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Cost Reduction Supply Chain Software 62

GlobalTranz

DECEMBER 7, 2015

A recent report by Frost & Sullivan, “The Future of Parts and Service Retailing in the Automotive Aftermarket” , predicts that by 2025, 10 to 15 percent of all global parts sales will be made online. Advanced Analytics Continue to Get a Bigger Plate at the Manufacturing Dinner Table. Increasing Equipment Uptime.

Manufacturing Procurement 81

Manufacturing Procurement Trends Supply Chain Design Software Supply Chain Planning Software 81

WorkWave

JULY 11, 2024

Banks often require a detailed analysis of the business and its potential revenue streams before considering providing loans. This analysis helps in differentiating the business, developing competitive advantages, and adjusting marketing strategies accordingly. How do you market a waste management company?

Waste Reduction 52

Waste Reduction Waste Cost Reduction Expense Reduction 52

GlobalTranz

JULY 14, 2015

The Internet of Things (IoT) seems to be popping up in more conversations throughout the entire supply chain , and more businesses have turned towards IoT experts for guidance on how to take advantage of its benefits. The Internet radically changed how the world communicates. Analysis of Trends and Recommendations.

Supply Chain Software 103

Supply Chain Software Supply Chains Manufacturing Procurement Scenario Planning 103

Logistics Bureau

MAY 31, 2021

If yours is one of those businesses shifting from traditional to online retail, you’ve probably faced some of the logistical challenges arising from the need to deliver your customers’ purchases to them. High Cost to Serve: It’s an Omnichannel Problem. Those expenses can increase the cost to serve by a considerable amount.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

GoShip Blog

APRIL 22, 2022

According to statistics, about 80% of customers prioritize personalized service when purchasing. How to implement demand forecasting in your supply chain? The demand predicting execution can seem challenging due to its complexity. It’s essential to track your customers’ likes and what prevents them from purchasing.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chains 40

EazyStock

MARCH 3, 2022

In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items. How to implement JIC inventory management with optimum stock levels. Seasonal demand – religious festivals and seasonal weather patterns can affect purchasing habits.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

Logistics Viewpoints

MARCH 1, 2021

Once the analysis was done for Year One set up, Year Two was pretty much the same. It was predictable. What PMI needed, considering the long planning horizons, was a digital and analytics network design and supply optimization tool. Analysis and scenario formulation lead time went from weeks to days.

Supply Chain Design Software 110

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 110

SYSPRO Smarter ERP

MARCH 21, 2022

Several surveys have reported how SCM in recent years has moved from being a cost center to one responsible for offering superior customer experience and delivering competitive advantage. According to a report , between 2020 and 2021 there was a dramatic growth in companies focusing on making their supply chains more resilient.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

Blue Grace Logistics

AUGUST 3, 2021

What This Blog Is About: How to build a mutually beneficial relationship based on trust & credibility with your suppliers. Making decisions to benefit a company must be a process of analysis and planning. Here are five tips to build, maintain, and improve a healthy and productive relationship with your suppliers.

Maintainability 118

Maintainability Price Reduction Purchasing Skills Resource Reduction 118