FreightWaves SONAR

MARCH 2, 2021

From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.

Analysis 98

Analysis Price Reduction Cost Reduction Supply Chain Planning Software 98

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 145

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction 145

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. We, as consumers, have grown accustomed to buying in bulk in order to pay less per unit. For suppliers and merchants, however, setting a minimum order quantity for your goods can mean the difference between losing money and making a profit on each sale.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

ShipLilly

FEBRUARY 12, 2021

Chinese factories are facing challenges of meeting excessive orders that are way beyond their current capacity. The average spot rates and contract rates are continuing to rise according to Alan Murphy of Sea-Intelligence Maritime Analysis. The post Analysis on 2021 Container Shipping Delays appeared first on ShipLilly.

Analysis 105

Analysis Manufacturing Procurement Purchasing Skills Price Reduction 105

Logistics Bureau

NOVEMBER 28, 2024

Running a spend analysis is the first step to understanding what you are spending, and therefore where you might look for savings. Your spend analysis and this basic benchmarking will show you where you are, and where you could be. Transaction Costs The act of placing or accepting an order can be surprisingly expensive.

Cost Reduction 84

Cost Reduction Inventory Reduction Material Savings Expense Reduction 84

The Logistics of Logistics

JULY 27, 2022

In addition to the platform, shippers can connect to the Emerge Marketplace which opens access to 35,000 asset based carriers in order to create meaningful freight connections. Having good relationships leads to higher job satisfaction and better business results (faster, better, cheaper, and smarter).

Logistics Network Optimization Software 277

Logistics Network Optimization Software Modeling Software Supply Chain Software Procurement 277

The Logistics of Logistics

MARCH 18, 2021

From 2006 to 2020, Chris played key leadership roles (including Chief Strategy Officer from 2010-2020) at Coyote Logistics (a UPS Company), a leading provider of non-asset based 3PL solutions across North America and Europe. As rates move higher, net Class 8 tractor orders spike, and incremental capacity enters. He earned a B.S.

Price Reduction 195

Price Reduction Cost Reduction Supply Chain Design Software Supply Chain Software 195

EazyStock

FEBRUARY 17, 2021

Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control. Inventory Replenishment Strategies to Boost Profitability. Any business that carries inventory needs to avoid stockouts and back orders. Working with min/max order level quantities.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

MTS Logistics

DECEMBER 6, 2024

The orders include vessels from Chinese and South Korean shipyards. These orders will not add to the overall capacity and over time every vessel coming in will be replacing a scrapped vessel having reached end of life, ensuring that we maintain our fleet size at around 4.3m TEU while focusing on sustainability.

Ordering 89

Ordering Capacity Maintainability Scenario Planning 89

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

MTS Logistics

APRIL 26, 2023

However, importers can significantly enhance their supply chain’s efficiency and reduce costs, while also improving customer satisfaction and increasing profitability by implementing several essential strategies. This can include optimizing transportation routes, reducing order processing times, and minimizing stockouts.

Inventory Reduction 75

Inventory Reduction Waste Reduction Cost Reduction Supply Chain Planning Software 75

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 134

Inventory Reduction Supply Chain Planning Software Inventory Waste Reduction 134

Logistics Viewpoints

DECEMBER 12, 2023

The rise of e-commerce has led to higher volumes of smaller orders that need to be fulfilled and shipped individually. Volatile demand means warehouses need to pivot quickly when order volumes change. It matches labor, equipment, and other resources accurately with order volumes, in real time. The result?

Supply Chain Planning Software 176

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 176

MTS Logistics

FEBRUARY 17, 2023

The move is being pursued as part of the shipping company major’s future growth strategy, which has earmarked $11.3 The post HMM Orders New Methanol-Fueled Vessels Worth $1.12 billion for future investments. These include the expansion of eco-friendly ships from the current total of 820,000 TEUs to a target total of 1.2

Ordering 80

Ordering Strategy Industry Operations 80

ShipLilly

NOVEMBER 1, 2021

A logistical analysis and important tips for businesses. Early planning and paying attention to the warning signs will be the key to fulfilling your orders and keeping your customers happy. Are you spending an inordinate amount of operational time on order fulfillment? Do you expect your order levels to keep increasing?

Outsourcing 98

Outsourcing Price Reduction Cost Reduction Resource Reduction 98

Logistics Business Magazine

MARCH 20, 2023

A new white paper from a supply chain consultancy suggests retailers are too fragmented in their approach to determining their Costs-To-Serve (CTS) and should instead adopt CTS analysis as a core, business-critical initiative for informing future decisions and direction. “In More acutely, do you know what margin you are making?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Cost Reduction Logistics Network Optimization Software 52

IoT World Today

MAY 21, 2020

Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If He said that, today, just-in-time manufacturing has placed pressure on manufacturers to digitize and get their data house in order. Erratic consumer demand adds further dysfunction.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 145

Locus

JUNE 16, 2023

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. Among these, clothing retailers had the highest percentage, with 88% of consumers opting to return their orders.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

Logistics Viewpoints

AUGUST 9, 2022

Better inventory management requires visibility at a granular level, down to individual orders and SKUs. What orders are planned versus in process? Strategy and leadership teams might elect to be alerted to production line disruptions, for example, so they receive details about every impacted order. All aboard.

Inventory Reduction 138

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Inventory 138

Logistics Bureau

AUGUST 2, 2021

For example, you might use simple observation to identify visible defects at goods-in, or you could make your analysis a bit deeper by testing a percentage of items received from the supplier. Purchase Order Cycle Time. Cost per Purchase Order and Cost per Invoice. Cycle times are critical in the supply chain.

Procurement Analytics 118

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 118

SYSPRO Smarter ERP

FEBRUARY 27, 2023

A workflow analysis will allow for a thorough review of daily operations with the goal of identifying obsolete practices and areas of improvement. Evaluate A successful supply chain automation process includes an evaluation strategy that is developed in tandem with an implementation strategy.

Supply Chain Software 111

Supply Chain Software Supply Chain Planning Software Supply Chains Automation 111

Ship Monk

FEBRUARY 24, 2024

How much are you spending on manufacturing, shipping, marketing, customer support, logistics services, and order fulfillment services? So if you have a budget, you can utilize specific order fulfillment services that fit within that. There are many different models and formulas for strategically ordering inventory.

eCommerce 105

eCommerce Inventory Reduction Tips Waste Reduction 105

Logistics Viewpoints

FEBRUARY 15, 2022

Your supply chain should benefit from end-to-end supply chain visibility and execution solutions that work together in a coherent supply chain orchestration strategy. Real-time analysis of integrated data spanning customers, partners and suppliers will lead to outcomes that better match supply and demand while containing costs.

Supply Chain Planning Software 172

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 172

SYSPRO Smarter ERP

FEBRUARY 13, 2023

Applying the correct Business Intelligence tools to this data for data analysis, trends and forecasts makes the combination invaluable. Today, Business Intelligence is understood as the gathering, storage and analysis of business data. What’s Your Business IQ? Business intelligence ultimately drives improved business effectiveness.

ERP 105

ERP Supply Chain Software Cost Reduction Definition 105

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. This solution provides for purchase order collaboration. Coupa’s BSM platform is based on a public cloud that connects 3500 buyers to ~10 million suppliers.

Procurement Solutions 139

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 139

Logistics Viewpoints

JANUARY 26, 2021

Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts. In just minutes, BD was able to see and manage the delivery and order-fulfillment challenges created by this unforeseen event, in real-time. A Positive Example.

Supply Chain Software 170

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 170

Logistics Viewpoints

NOVEMBER 11, 2021

Reporting to keep the inventory strategy fresh and supporting the goals of the organization. Is a replenishment strategy needed? Slotting logic will keep required levels of stock in the picking locations, limiting the need to stop picking to replenish inventory needed to complete the orders. Do bulk locations need to be counted?

Inventory Reduction 131

Inventory Reduction Inventory Cost Reduction Material Savings 131

Blue Grace Logistics

AUGUST 10, 2021

Over the last decade, ever since social media and the IoT became common-place mediums, there has been a change in marketing tools and strategies. A more streamlined communication is provided by omnichannel strategies. In order to grow the omnichannel method, it would be beneficial to explore engagement over IoT-Connected Devices.

Expense Reduction 62

Expense Reduction Cost Reduction Strategy Optimization Software 62

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

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Increasing order efficiency. Demand forecasts.

Supply Chain Design Software 115

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

Log-hub

MARCH 1, 2023

The mistakes that can pull your supply chain far away from the progress are bad cost management strategy, lack of optimized business processes, neglecting data and KPI’s, poor customer service and no future planning. One of them is a bad cost management strategy. But how to get rid of them? Keep your long-term growth plan ready.

Cost Reduction 52

Cost Reduction Sourcing Strategies Expense Reduction Supply Chain Design Software 52

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

JUNE 8, 2023

Customer Experience : Enhance the customer experience with real-time order tracking, branded delivery experiences, flexible scheduling, and services like white glove and same-day delivery. Returns: Tackle the costly challenge of returned orders by creating superior returns experiences. Technology can help.

Modeling Software 128

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 128

Logistics Bureau

NOVEMBER 14, 2018

The challenge is to measure profitability to the right level of detail in order to see what works and what could be improved. 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.

Purchasing Skills 92

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 92

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. Initially, this product will focus on the purchase order (PO) acceptance process. The visibility to spend allows them to provide excellent benchmarking in several areas.

Supply Chain Design Software 127

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 127

Blue Grace Logistics

MAY 30, 2023

BlueGrace Logistics Confidence Index™ The BlueGrace Logistics Confidence Index™ measures expected industry expansion or contraction based on revenue forecasts, inventory levels, and order volumes. The LCI supports improved performance through logistics and transportation operations, strategy, and execution.

Logistics Network Optimization Software 62

Logistics Network Optimization Software Optimization Software Inventory Reduction Resource Reduction 62

Blue Grace Logistics

FEBRUARY 21, 2023

BlueGrace Logistics Confidence Index™ The BlueGrace Logistics Confidence Index™ measures expected industry expansion or contraction based on revenue forecasts, inventory levels, and order volumes. The LCI supports improved performance through logistics and transportation operations, strategy, and execution.

Logistics Network Optimization Software 62

Logistics Network Optimization Software Optimization Software Inventory Reduction Resource Reduction 62