WorkWave

MARCH 4, 2025

Decile data analysis involves dividing a dataset into ten ranked segments called deciles, identifying someone’s likelihood to respond to marketing campaigns or find value from the services your company provides. To effectively implement decile data analysis, the first step is to gather accurate and comprehensive data.

Resource Reduction 63

Resource Reduction Waste Reduction Optimization Software Data 63

Logistics Viewpoints

JANUARY 21, 2025

Real-time data processing and analysis are crucial for identifying and resolving supply chain disruptions. Multi-agent systems can dynamically adjust production and distribution plans to meet customer needs while minimizing waste and improving efficiency.

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimal Sourcing 119

EazyStock

FEBRUARY 18, 2020

Either way, mindlessly reordering items based solely on EOQ may be a waste of your resources if you are already holding items in a different stocking location. Ordering the EOQ for each item in your warehouse regardless of how valuable they are to your sales can lead to a shortage of your more valuable SKUs.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

MTS Logistics

JUNE 30, 2023

Shippers can move only the inventory they need to meet demand instead of wasting unnecessary time filling a 40-foot container. The post How to Reduce Shipping Costs with LCL Shipping in the Post-Pandemic World appeared first on More Than Shipping. Diversify the shipping portfolio.

Cost Reduction 98

Cost Reduction Inventory Reduction Waste Reduction Optimal Sourcing 98

SYSPRO Smarter ERP

JANUARY 23, 2023

ESG reporting and analysis Data is one of the most important requirements of an ESG program. It is only with the analysis of data that situations can be visualized and changes made. This analysis can help the company develop goals and measurable targets for improving ESG performance. What is ESG The ESG areas cover these issues.

ERP 111

ERP Waste Reduction Optimal Sourcing Supply Chain Planning Software 111

Material Handling and Logistics

AUGUST 10, 2018

This kind of overstocking can easily result in losses from waste or theft and force overbuying. A business needs analysis, offered through a third party, can provide a fresh perspective and identify opportunities for savings and efficiency improvements. We also regularly find workers hoarding particular supplies.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

Logistics Bureau

OCTOBER 10, 2022

The second is when you implement segmentation of the SKUs in your portfolio based on Pareto analysis. Wasted time spent resolving stock-out situations. How to Improve Forecast Accuracy for Optimal Inventory. How to Calculate Economic Order Quantity. How to Reduce Minimum Order Quantities. 2: Forecast Accuracy.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

SYSPRO Smarter ERP

APRIL 8, 2025

Industrial engineers have used heuristics-based rules, what-if analysis, and physics-based simulation to get predictive and prescriptive insights for several years. AI can help manufacturing ERP systems in optimizing the use of materials and resources, reducing waste and lowering costs.

ERP 62

ERP Supply Chain Design Software Modeling Software Optimization Software 62

3PL Links

FEBRUARY 13, 2023

How to Innovate Your Supply Chain Management: What You Need to Know | Image Source: Axestrack Organizations must prioritize supply chain management and implement strategies to increase its efficiency if they want to compete in the market. How to innovate? Why is it important to apply innovation to the supply chain?

Supply Chain Design Software 62

Supply Chain Design Software Optimal Sourcing Supply Chain Design Supply Chain Software 62

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. This can be used in costing analysis and equipment profitability.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

GlobalTranz

MAY 6, 2015

One reason may be that they haven’t made the paradigm shift as to how to implement lean. Eliminate All Waste in the Supply Chain So That Only Value Remains. In the supply chain, the seven wastes translate to: o System complexity—additional, unnecessary, steps and confusing processes. o Lead time—excessive wait times.

Supply Chain Planning Software 127

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

GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. Learn more about transportation optimization and how it can help you drive operative advantage while meeting customer expectations and delivery requirements.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

FreightWaves SONAR

JANUARY 28, 2021

Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. The best logistics strategies depend on expert insight, such as the data and analysis found in FreightWaves Passport, which focuses on the chain’s inner workings.

Waste Reduction 105

Waste Reduction Resource Reduction Price Reduction Cost Reduction 105

Log-hub

NOVEMBER 22, 2023

7 min read Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis In the dynamic world of supply chain management, optimizing warehouse operations has become an indispensable factor for businesses. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

APRIL 9, 2025

This tool makes it easy to create custom, clear maps that visualize your supply chain while enabling global reachability analysis and street-level distance calculations. NETWORK DESIGN The apps from the Network Design category enable powerful analysis and scenario simulations for cost-optimal network design and goods flow.

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3PL Links

FEBRUARY 11, 2024

Image source: Rawpixel.com | How to Make Reverse Packaging Logistics More Efficient? Each tactic—from active consumer involvement to sustainable design—is laid out clearly and demonstrates how we may improve the efficiency of packaging recycling. The post How to Make Reverse Packaging Logistics More Efficient?

Sourcing Strategies 48

Sourcing Strategies Waste Reduction Resource Reduction Expense Reduction 48

GlobalTranz

JANUARY 21, 2015

However, all are well worth employing to seek that holy grail of pushing out waste, inefficiency, and most importantly resources (time and money) out of your supply chain. Reverse marketing starts first with Value Analysis. Your team should have recorded all Value Analysis ideas in detail to get back to the Supplier by (date).

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

EazyStock

FEBRUARY 18, 2020

Either way, mindlessly reordering items based solely on EOQ may be a waste of your resources if you are already holding items in a different stocking location. Ordering the EOQ for each item in your warehouse regardless of how valuable they are to your sales can lead to a shortage of your more valuable SKUs.

Ordering 52

Ordering Purchasing Skills How To Inventory 52

Log-hub

JANUARY 8, 2025

Maybe its switching to local suppliers, using electric vehicles for deliveries, or reducing waste in packaging. How to get started? JOIN NOW Prioritize Cost-to-Serve Analysis Do you know the true cost of serving each customer? Many businesses waste resources on low-profit customers or processes. Where to start?

Optimal Sourcing 40

Optimal Sourcing Waste Reduction Inventory Reduction Resource Reduction 40

Trinity Logistics

MAY 10, 2023

Could your company be wasting money on a logistics strategy that doesn’t work? Start saving time and get your free supply chain analysis with Trinity Logistics. COMMON LOAD PLANNING TMS MISCONCEPTIONS Before we dive into how a TMS can help you with your load planning, perhaps you’ve thought of one of these common misconceptions.

Supply Chain Planning Software 109

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Supply Chain Software 109

3PL Links

FEBRUARY 14, 2024

Image source: Flickr | Logistics Planning 2024: How To Carry out Logistical Planning for This Year Have you ever given the recent evolution of logistics any thought? Read also: How to Make Reverse Packaging Logistics More Efficient? How to carry out logistical planning for 2024? Why is logistical planning necessary?

Supply Chain Planning Software 48

Supply Chain Planning Software Scenario Planning Optimal Sourcing Sourcing Strategies 48

GlobalTranz

FEBRUARY 27, 2017

Waste is resulting from damage in transit. The hard-won progress in incremental reduction of packaging material and waste is reduced by the related increase in damaged and unsaleable product. And the effort has certainly reduced the volume of primary and secondary packaging which enters the waste stream. Root cause.

Waste Reduction 80

Waste Reduction Cost Reduction Expense Reduction Material Savings 80

MTS Logistics

NOVEMBER 20, 2023

This results in benefits such as better supply chain visibility and management, reduced waste from misdirected RTI, more accurate ETAs for final delivery and storage, and improved customer service. How about security? In the U.S.,

Supply Chain Software 105

Supply Chain Software Refrigeration Temperature Logistics Network Optimization Software 105

Logistics Bureau

MAY 31, 2021

The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. Detailed cost-to-serve analysis can be complex and time-consuming, so it’s a good idea to break the task down by priority and target specific areas on which to concentrate.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

Ship Monk

FEBRUARY 24, 2024

For example: Eliminate overnight shipping options – If products have a longer delivery window they can travel by ground transportation instead of air, which drastically reduces energy waste while keeping you from spending a ton of money. How much money do you waste on reshipments due to inaccurate orders?

eCommerce 105

eCommerce Inventory Reduction Tips Waste Reduction 105

GlobalTranz

SEPTEMBER 15, 2016

While the desire to leave well-enough alone is understandable, this approach can lead to poor decision making and can result in the waste of resources. You also leave yourself open to the potential nasty surprise of learning how much money you were actually wasting while you thought you were saving by avoiding outlays on IT.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Software Supply Chain Technology Supply Chains 91

FreightWaves SONAR

FEBRUARY 22, 2021

And it’s critical to know how to apply these practices correctly. . According to Supply Chain 24/7 , “ truckload service optimizes trailer space and moves freight [without extra stops that will] eliminate wasted trips, reducing greenhouse gas emissions by up to 40%.” Think about your business model and carrier type.

Price Reduction 75

Price Reduction Supply Chain Planning Software Waste Reduction White Paper 75

Logistics Bureau

NOVEMBER 6, 2023

How to Improve Lighting Control It’s common for warehouse spaces to sit under artificial lighting even when or where it’s not strictly necessary. LMS applications can help with real-time workforce tracking, performance analysis, and scheduling. After all, lean is all about eliminating various forms of waste.

Cost Reduction 98

Cost Reduction Purchasing Skills Waste Reduction Material Savings 98

SYSPRO Smarter ERP

JULY 2, 2024

ML and DL are mainly used in data analysis, classification, clustering, and ranking. How to make AI work To succeed, AI in manufacturing requires three components to work together. Machine learning (ML): Using algorithms and data to detect patterns without being explicitly programmed to do so automatically.

Supply Chain Planning Software 105

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

GlobalTranz

JULY 12, 2016

A big driver in the first part of warehouse cost savings is knowing your data so you can apply analysis and then create a strategic plan to improve. . When managers fail to create an environment of open and clear communication, employee productivity suffers, resulting in high turnover and wasted resources.

Material Savings 73

Material Savings Cost Reduction Optimal Sourcing Inventory Reduction 73

Logistics at MPEPS at UPV

MAY 20, 2023

Value stream mapping allows for a current analysis of logistics flows and the identification of cost overruns or time losses that can be solved by installing automated storage systems, deploying warehouse management software or implementing a new order picking method.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Tools Production Waste Reduction 52

Logistics Business Magazine

DECEMBER 16, 2021

A few factors include: Deadheading/empty backhauls – Driving empty trucks is always wasteful and needlessly adds emissions without contributing value or profits to the supply chain. Reliance on real-time data and analysis. Data collection and analysis, to understand what happens to products and encourage recycling.

Waste Reduction 57

Waste Reduction Vendor Strategies Cost Reduction Resource Reduction 57

Trinity Logistics

JULY 6, 2021

If your freight spend is $1M or more, you’re probably working with a couple of hundred orders a month, with who knows how many stakeholders to help micromanage quotes, tenders, tracking, and tracing of shipments. How much time is being wasted across your organization with overwhelming manual processes?

Optimization Software 79

Optimization Software Optimal Sourcing Sourcing Strategies Price Reduction 79

GlobalTranz

JANUARY 28, 2015

Yesterday we explained how to calculate dimensional weight covering the parcel examples and the impact on shipping costs , in general. Likewise, intelligence can be built into this system that says if there is going to be more than 30% wasted space, route to a special pack station for handling.

Negotiating Skills 97

Negotiating Skills Price Reduction Cost Reduction Waste Reduction 97

FreightWaves SONAR

JANUARY 26, 2021

As such, carriers need to know a few things about freight load balance scoring and how to assess market conditions to avoid delays, balance their fleets and maximize profitability per load. In today’s world, a delay in data processing and analysis will lead to massive opportunities for overlooked industry dynamics.

Price Reduction 78

Price Reduction Cost Reduction Waste Reduction Optimal Sourcing 78

Talking Logistics

JUNE 6, 2017

When a company only performs self-checks during milestone events––expansions, acquisitions, restructures, and so on––they miss a great deal of opportunities to eliminate waste and drive down costs. Product optimization, which determines how to create a product at a lowest cost / highest quality level balance.

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Design Optimal Sourcing Supply Chain Planning Software 119

Logistics Business Magazine

OCTOBER 11, 2018

The Kite team’s new, fully equipped truck is a mobile testing and demonstration facility in which their packaging technologists can carry out waste minimising packaging audits to determine how plastic packaging can be reduced, as well as offering more eco-friendly packing alternatives. images/pdf/plastic-white-paper.pdf).

Waste Reduction 42

Waste Reduction Packaging White Paper Packing 42