Logistics Bureau

OCTOBER 10, 2022

Too much inventory in your distribution network? Inventory costs too high? These are all pervasive issues for supply chain operators worldwide—and are classic symptoms of suboptimal inventory performance. But what exactly does inventory optimisation mean, and what obstacles must first be broken down to achieve it?

Inventory Reduction 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

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. Because of this, businesses are finding it challenging to forecast demand and therefore they risk escalating inventory costs or stock outs.

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 98

Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Reduction 104

Inventory Reduction eCommerce Inventory Procurement Solutions 104

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

Logistics Viewpoints

DECEMBER 15, 2022

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.

Optimal Sourcing 123

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 123

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

Logistics Bureau

MAY 24, 2019

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.

Cost Reduction 73

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 73

GlobalTranz

MAY 6, 2015

Eliminate All Waste in the Supply Chain So That Only Value Remains. o Space—holding places for unnecessary inventory. o Inventory—inactive raw, work-in-process, or finished goods. o Energy-(Sometimes called the eighth waste): eliminate wasteful energy in the supply chain: minimize electricity, gas, utilities, etc.

Supply Chain Planning Software 127

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

The Logistics of Logistics

MAY 8, 2023

Shane began his career working with the Wal-Mart Innovation Network, a group dedicated to providing market feasibility analysis to inventors and innovators. It may be necessary to look for a more experienced and capable provider to meet your growing needs.

3PL 328

3PL Logistics Network Optimization Software Buyer Training Distribution 328

Logistics Bureau

JANUARY 7, 2020

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 other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 131

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 131

Logistics Bureau

JANUARY 9, 2019

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 other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

Logistics Bureau

MAY 31, 2021

Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. Additional network complexity: It can be troublesome to juggle inventories for conventional and digital retail sales channels. Where to Start Looking for Cost-to-Serve Reductions.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

Logistics Viewpoints

JANUARY 26, 2021

The hyper-focus on meeting customer expectations is also creating pressures upstream in the supply chain, as manufacturers extend visibility and collaboration beyond their own walls to avoid any disruptions. To meet customers’ growing expectations for personalized offerings, the typical company’s product lines have grown exponentially.

Supply Chain Software 169

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 169

3PL Links

MAY 19, 2024

Image source: PxHere | Mastering Demand and Inventory Planning: Essential Strategies for Success Have you ever thought about how businesses effectively satisfy customer demand and maintain supplied inventory? Demand and inventory planning is a critical procedure that holds the key to success. How to do demand planning?

Inventory Reduction 48

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 48

EazyStock

NOVEMBER 17, 2020

What is ERP inventory management? When it comes to inventory management, ERP systems are ideal for tracking stock along the supply chain, monitoring stock levels and order processing. ERP inventory management limitations. ERP inventory management needs sophisticated demand forecasting.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

MTS Logistics

JUNE 30, 2023

And 52% are looking to consolidate more shipments overall, a strategy for which LCL can play an important role.” ” Below are three ways shippers can use LCL to reduce their costs. Shippers can move only the inventory they need to meet demand instead of wasting unnecessary time filling a 40-foot container.

Cost Reduction 87

Cost Reduction Inventory Reduction Waste Reduction Optimal Sourcing 87

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. It is important to answer the following questions: What is the goal of developing a data strategy? What are the expected insights?

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

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

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

Logistics Viewpoints

MAY 23, 2024

However, the lag in the Sales and Operations Planning (S&OP) cycle exacerbates issues like inaccurate forecasting, reduced agility, higher error rates, increased costs, limited scenario planning, and sustainability challenges, ultimately undermining supply chain performance and eroding executive confidence in the supply chain as a value driver.

Scenario Planning 142

Scenario Planning Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 142

Ship Monk

FEBRUARY 24, 2024

You never want to cut corners on these, or any, crucial areas of your ecommerce brand. In the previous example, you have the physical weight that extra travel inventory creates in your luggage that you have to lug around. There are many different models and formulas for strategically ordering inventory.

eCommerce 105

eCommerce Inventory Reduction Tips Waste Reduction 105

Ship Monk

FEBRUARY 29, 2024

As much as we’d like to think that ecommerce is taking over the world, it still only accounts for around 21% of retail sales according to a 2023 Digital Commerce 360 analysis of U.S. A physical store can also help with inventory and returns in areas that may need logistical support. Department of Commerce figures.

eCommerce 105

eCommerce Inventory Reduction Waste Reduction Cost Reduction 105

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. The software that these new approaches often offer allows shippers to view their inventory more easily. Visibility is also vital.

Inventory Reduction 78

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

GlobalTranz

OCTOBER 6, 2017

An effective warehouse management strategy can successfully reduce rework and drive warehouse management cost savings. However, poor decisions and assumptions can lead to the buildup of other inefficiencies, diminishing the value of your existing warehouse management strategy. Manage All Inventory Flows, Including Returns.

Cost Reduction 10

Cost Reduction Inventory Reduction Vendor Strategies Price Reduction 10

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Managing inventory is a complex business. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

Logistics Viewpoints

FEBRUARY 16, 2021

According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. Achieving their goal of no stockouts is impressive, but that they did so without significant buffering with inventory is a testament to the combination of transparency and agility.

Supply Chain Planning Software 183

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 183

Logistics Business Magazine

AUGUST 18, 2021

innovation GmbH, a Germany-based developer of autonomous drone-based inventory management systems. The result is an elegant solution that overcomes the biggest limitations of drone-based inventory control: flight endurance, unsupervised operation, and fully autonomous navigation within GPS and light-deprived environments.

Inventory Reduction 71

Inventory Reduction Inventory Supply Chain Software Resource Reduction 71

SYSPRO Smarter ERP

NOVEMBER 8, 2021

According to McKinsey , the value of goods traded globally has tripled to more than US$10 trillion since 2000, and because of recent events, they are having to re-evaluate supply chain strategies. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it.

Supply Chain Planning Software 116

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

Logistics Bureau

OCTOBER 9, 2023

Quality and Detail of Data and its Analysis In some of our earlier posts, we’ve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It’s not a short list, so we’ll set it down here as a summary to help you with plans for analysis.

Supply Chain Design Software 104

Supply Chain Design Software Supply Chain Design Distribution Networks 104

Locus

JUNE 16, 2023

Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing. A recent analysis by the American Trucking Associations (ATA) indicates that if existing trends persist, we could see a potential driver shortage reaching up to 175,000 by 2024.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

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

EazyStock

NOVEMBER 19, 2020

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on time.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 116

Cost Reduction Purchasing Skills Waste Reduction Material Savings 116

Logistics Viewpoints

DECEMBER 30, 2024

A production plan from an IBP meeting should be considered a rough-cut long-term plan, merely the best estimation of what was likely, not something written in stone. Production, in the short term, needed to flex to meet new opportunities and unexpected constraints. This realization led to a new focus on agile planning.

Supply Chain Planning Software 133

Supply Chain Planning Software Scenario Planning Supply Chain Design Software Vendor Strategies 133

Logistics Viewpoints

JULY 23, 2024

Map supply chain processes: Map out the various processes within the supply chain, from sourcing and procurement to production, inventory management, distribution, and customer fulfillment. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g.,

Optimal Sourcing 155

Optimal Sourcing Supply Chain Software Supply Chains Data 155

EazyStock

MARCH 26, 2018

?. One of the most common questions we receive is “We already have an ERP inventory module. Through better inventory management, we’ve been able to support our stock management and procurement processes much better, which has even resulted in higher profits! Inventory Management and forecasting in your ERP.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72