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 104

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 104

WorkWave

JANUARY 27, 2025

In the lawn care, pest control, janitorial and security industries, where optimized profitable revenue growth and operational efficiency are paramount, businesses face a critical dilemma: Should they build their own business intelligence (BI) solutions or buy ready-made solutions? Data is the fuel for modern BI and AI systems.

Optimization Software 69

Optimization Software Optimal Sourcing Purchasing Skills Procurement Analytics 69

Bringg

MARCH 24, 2021

To meet the new demand, companies will have to adjust their operations for greater efficiency, flexibility, and cost reduction. Supply chain optimization ensures a smoother process and a more successful business model focusing on efficiency and profit. What is supply chain optimization? . The three phases of a supply chain : 1.

Optimal Sourcing 62

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

EazyStock

JULY 19, 2019

What is inventory optimization? So what is inventory optimization? According to Wikipedia, inventory optimization is: “a method of balancing capital investment constraints or objectives and service-level goals over a large assortment of stock-keeping units (SKUs) while taking demand and supply volatility into account.”.

Optimal Sourcing 55

Optimal Sourcing Optimization Software Inventory Optimization 55

Log-hub

FEBRUARY 12, 2025

By leveraging these technologies, businesses can optimize operations, reduce costs, and make smarter, data-driven decisions. The Future of Matrix-Based Optimization The Future of Matrix-Based Optimization AI and machine learning (ML) take matrix-based analysis to new heights.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimal Sourcing 52

Log-hub

MAY 22, 2024

The concept of multi-tier supply chain analytics and optimization has become a critical component for companies aiming to maintain competitive advantage, ensure efficiency, and respond rapidly to market changes. PRESCRIPTIVE ANALYTICS : Suggests actions based on data analysis. AI can play an important role in inventory optimization.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

Log-hub

MAY 22, 2024

The concept of multi-tier supply chain analytics and optimization has become a critical component for companies aiming to maintain competitive advantage, ensure efficiency, and respond rapidly to market changes. PRESCRIPTIVE ANALYTICS : Suggests actions based on data analysis. AI can play an important role in inventory optimization.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

The Logistics of Logistics

JUNE 23, 2022

Retailers and shippers must adapt their strategy to ensure they get the right product, to the right place at the right time to meet the high expectations of consumers/customers. The historically predictable supply chain no longer functions as it did in the past. Time: Jun 29, 2022 10:00 AM in Eastern Time (US and Canada).

Webinar 195

Webinar Supply Chain Software Supply Chains Sourcing Strategies 195

Logistics Viewpoints

FEBRUARY 28, 2022

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. Further, while artificial intelligence helps solve certain types of problems, Jay Muelhoefer – the chief marketing officer at Kinaxis pointed out – optimization and heuristics work better for other types of planning problems.

Supply Chain Planning Software 141

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 141

GlobalTranz

OCTOBER 16, 2015

, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips.

Negotiating Skills 90

Negotiating Skills Price Reduction Optimal Sourcing Cost Reduction 90

CLX Logistics

AUGUST 17, 2022

A transportation management system is a logistics technology platform that helps manufacturers, distributors, 3PLs, and any participant in the supply chain system plan, execute, and optimize the transportation of incoming and outgoing goods and ensure shipments are compliant and properly documented.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Planning Software Logistics Network Optimization Software 52

Logistics Bureau

AUGUST 2, 2021

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. 7 Procurement KPIs You Should be Using. There are several methods you can use to measure the supplier defect rate.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Locus

APRIL 3, 2023

An effective logistics solution is critical for optimizing supply chain efficiency, reducing costs, improving customer satisfaction, and supporting sustainability goals. This article will provide easy insight into the world of logistics management—from the key components and challenges to tips on optimizing it for your business.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 52

Logistics Viewpoints

JULY 23, 2024

Define business objectives: Clearly define the business objectives and key performance indicators (KPIs) that your AI-driven supply chain management system aims to optimize. Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals.

Optimal Sourcing 122

Optimal Sourcing Supply Chain Software Supply Chains Data 122

SIPMM Professional Publications

APRIL 18, 2019

New technologies and tools are coming up to meet our needs. A digital data warehouse is designed with the purpose of improving business decisions by allowing data consolidation, analysis, and reporting at different aggregate levels. It provides a single, comprehensive source […].

Warehousing 149

Warehousing Digital Supply Chain Design Software Supply Chain Software 149

Log-hub

OCTOBER 1, 2024

Log-hub is expanding its portfolio with the new Inventory Optimization App , a powerful tool designed to streamline inventory management while reducing costs. Tailored for businesses looking to maintain an optimal balance between inventory levels and service quality, this app offers a comprehensive solution to inventory challenges.

Optimal Sourcing 40

Optimal Sourcing Inventory Reduction Cost Reduction Inventory 40

Talking Logistics

MAY 14, 2019

The cost of poor quality is so closely related to supplier quality and compliance that manufacturers must give the proper attention and resources to the optimization of their upstream partnerships. Finished products have high ratios (average 50%) of sourced or procured product content.

Supply Chain Planning Software 131

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 131

MTS Logistics

SEPTEMBER 5, 2024

Products now need to be distributed across various regions and countries, which requires optimization in storage, packaging, and transportation processes. To meet these expectations, logistics companies are pursuing innovative solutions to offer faster delivery times and enhance customer satisfaction.

Optimal Sourcing 101

Optimal Sourcing Distribution Logistics Network Optimization Software Networks 101

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

SYSPRO Smarter ERP

APRIL 17, 2023

Unfortunately, without proper processing and analysis, this data is of little use to the organization. BI is a powerful tool that can help companies drive informed decisions, improve their planning processes, and maintain a competitive edge in the marketplace. This enables managers to take swift action and keep production on track.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Optimization Software 98

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 cloud also allows access to Big Data, which greatly improves the platform’s ability to do machine learning. Coupa meets this definition.

Supply Chain Design Software 109

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 109

CLX Logistics

FEBRUARY 22, 2024

Procurement management stands at the crossroads of technological innovation and strategic decision-making. As organizations strive to enhance operational efficiency, mitigate risks, and capitalize on emerging opportunities, the role of Artificial Intelligence (AI) and Machine Learning (ML) in procurement has become increasingly prominent.

Optimal Sourcing 52

Optimal Sourcing Procurement Supply Chain Software Negotiating Skills 52

Logistics Viewpoints

MARCH 17, 2022

According to data from a recent research survey, the following were on top of the supply chain headaches not addressed by their current systems: Supply shortages due to supplier’s inability to meet expected performance targets. It provides a single source of truth with visibility and analytics based on the same data.

Supply Chain Planning Software 134

Supply Chain Planning Software Modeling Software Optimization Software Scenario Planning 134

Logistics Viewpoints

SEPTEMBER 29, 2022

However, as supply chain practitioners know, operating regionally, or in a siloed fashion, tends to create inefficiencies that can be addressed by broader operating visibility and efforts to optimize holistically instead of locally. They named this initiative Project Network Enterprise Optimization (Project NEO). Project NEO.

Supply Chain Transformation 109

Supply Chain Transformation Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 109

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. This includes internal and external data sources.

Supply Chain Planning Software 113

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 113

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. Any supply chain management professional will tell you that it’s an arduous balancing act to maintain optimized inventory levels through effective stock replenishment.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

CLX Logistics

NOVEMBER 21, 2023

When looking ahead to the future, it’s crucial to reflect on the past year, identify emerging trends, and strengthen strategies for benchmarking and procurement. While profitability remained elusive, improvements were seen in emerging and long-standing carriers as the year progressed. They demand results, and rightly so.

Optimal Sourcing 66

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 66

Logistics Bureau

NOVEMBER 26, 2024

This is best achieved by open discussion and analysis of the activities and product volumes involved. The fee structure should encourage improved service performance. The LSP should have the opportunity to improve profit margins through adding value and innovation beyond the basic services required.

3PL 98

3PL Negotiating Skills Outsourcing Price Reduction 98

Transporeon

SEPTEMBER 19, 2017

Transportation procurement, the process of identifying and evaluating logistics providers, is a game of options. Combinatorial optimization can lighten the load The resources required to solve those questions manually are simply unfeasible. This is where combinatorial optimization can help. On behalf of a U.S.-based

Optimal Sourcing 48

Optimal Sourcing Optimization Software Optimization Vendor Strategies 48

Parade

MARCH 18, 2019

A robust carrier intelligence system uses a mixture of data sources that crosses multiple data sets, multiple systems of record like a Transportation Management System (TMS), a Carrier Management System (CRM) and other valuable information pools like government safety records.

Optimal Sourcing 84

Optimal Sourcing Data Capacity Price Reduction 84

Logistics Viewpoints

MARCH 1, 2021

Once the analysis was done for Year One set up, Year Two was pretty much the same. The introduction of smoke-free products made the use of spreadsheet tools far less efficient in the capacity and sourcing planning as the new product categories had rapid growth. “We It was predictable.

Supply Chain Design Software 107

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 107

CLX Logistics

MARCH 9, 2021

It takes all kinds of disparate sources, including historical supply chain network data, pricing information, competitor insight and research, weather data, and region-specific statistics. Big data improves demand planning through the ability to predict and determine what items will be needed as it pertains to demand.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Procurement Analytics 40

SYSPRO Smarter ERP

SEPTEMBER 20, 2021

SYSPRO ’s 2020 survey, The Inflection Point for the Factory of the Future , showed that only about one-third (38%) of manufacturers’ business systems had enabled them to meet the challenges posed by the COVID-19 pandemic. Manufacturers need a single source of accurate information. The pandemic made that impossible.

Manufacturing Procurement 110

Manufacturing Procurement Optimal Sourcing Optimization Software Digital 110

Logistics Viewpoints

AUGUST 15, 2024

Today’s supply chains are fraught with uncertainties across demand and supply yet are tasked with adding incremental value to their organizations while also meeting commercial, working capital and sustainability goals. The goal goes beyond minimizing losses to optimize operations in a way that drives profitability even during turbulent times.

Scenario Planning 122

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 122

MTS Logistics

MARCH 17, 2023

As a result, businesses are beginning to explore new technologies and processes to reduce their environmental impact and improve and improve their sustainability. Renewable Energy Sources Businesses are addressing sustainability and environmental concerns through the adoption of renewable energy sources.

Optimal Sourcing 104

Optimal Sourcing Supply Chain Software Logistics Network Optimization Software Waste Reduction 104

WorkWave

JUNE 27, 2024

Despite offering higher wages and bonuses, they struggled to meet delivery deadlines, resulting in customer complaints and loss of sales. While essential for safety, these regulations reduce the number of active driving hours, necessitating more drivers to meet delivery demands. These increased costs are often passed on to consumers.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

GlobalTranz

SEPTEMBER 23, 2021

Fewer labor resources are available to meet the rising demand in both the warehouse and in transit. ? A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. As the industry evolves and innovations improve, OTR freight management technologies offer?? As highlighted by?

Optimal Sourcing 123

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Negotiating Skills 123