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. The idea of community was there from the beginning.” What an opportunity!”

Procurement Solutions 148

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 148

3PL Links

JANUARY 14, 2024

The Main Supply Chain Trends for 2024 | Image source: Flickr.com The supply chain will have a difficult time adjusting to a world that is changing rapidly in 2024. In 2024, risk mitigation, supply chain control, and operational resilience will all depend on data analysis and information visibility.

Supply Chain Software 48

Supply Chain Software Supply Chain Planning Software Supply Chains Trends 48

FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

MTS Logistics

MARCH 17, 2023

As consumers become more aware of the impact of their purchasing decisions on the environment, businesses are under increasing pressure to reduce their carbon footprint and adopt more sustainable practices. The post Sustainability and Environmental Trends in the Logistics Industry appeared first on More Than Shipping.

Optimal Sourcing 88

Optimal Sourcing Supply Chain Software Logistics Network Optimization Software Waste Reduction 88

Logistics Viewpoints

JUNE 4, 2024

However, the juice for my newfound nightly routine soon became difficult to find, perpetually out of stock each time I tried to purchase it at the grocery store. Recent statistics have revealed a surge in sales across the United States , indicating a growing trend that has caught the attention of both consumers and retailers alike.

Inventory Reduction 142

Inventory Reduction Supply Chain Planning Software Inventory Waste Reduction 142

Conger

MARCH 28, 2024

Here are the new trends in technologies that continue to impact fleet management practices: Autonomous vehicles : I am sure you have already seen autonomous vehicles used in military applications or niche logistics. MaaS can lead to cost-minimization of transport services like public transportation, rental, and sharing offerings.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

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. Yet, 3D printing is not simply for repairs.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

SYSPRO Smarter ERP

JULY 3, 2023

It is estimated by McKinsey that 40% of the potential value that could be created from analytics comes using ML techniques, However, many business leaders are unsure where to apply ML to reap the greatest rewards. Product development When designing a new product or improving an existing one, extensive data analysis is required.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Data Optimization Software 98

Logistics Viewpoints

JANUARY 3, 2022

The devices are surprisingly inexpensive, costing $350-500 per vehicle per year depending upon the volume of devices purchased. These kinds of solutions have been available for a few years and customers report robust reductions in safety incidents. Finally, there are also cost issues. The customer would then pay $0.35

Trucking 170

Trucking Trends Modeling Software Logistics Network Optimization Software 170

SYSPRO Smarter ERP

DECEMBER 11, 2023

It can track, manage and report the book value and depreciation of fixed assets. For period-end, companies can close the books quicker and report financials accurately. Reporting and analytics An ERP system integrates information across the entire business which means that operational and financial data is consolidated in one place.

Sourcing Strategies 52

Sourcing Strategies ERP Manufacturing Procurement Supply Chain Planning Software 52

Logistics Bureau

APRIL 4, 2022

There are several advantages to understanding your freight costs compared to the market generally. Improved ability to predict and manage trends: After you’ve spent a while working with freight benchmarks, you’ll get a feel for the directions of seasonal rate fluctuations and other pricing trends.

Negotiating Skills 83

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 83

GlobalTranz

JANUARY 22, 2018

billion in 2018 alone, reports Michael Kotelec of Manufacturing.net , and this will bring a strong, robust boost to efficiency and productivity in manufacturing. Adoption of Analytics Will Increase. The advancement toward analytics will also increase as platform-based companies and services go mainstream.

Manufacturing Procurement 79

Manufacturing Procurement Supply Chain Software Trends Procurement Analytics 79

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability? What About Supply Chain Entities That Have Time-Sensitive Products?

Procurement Analytics 61

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chains 61

CLX Logistics

MARCH 9, 2021

Big data and predictive transportation analytics are transforming the supply chain industry in incredible ways. More and more, transportation companies are considering predictive analytics a crucial component of doing business. How Big Data Analytics Helps Enhance Global Supply Chain Logistics.

Optimal Sourcing 40

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

FreightWaves SONAR

JULY 2, 2024

These benchmarking tools include the MyTRAC rate in SONAR Market Dashboard, access to the TRAC Benchmarking App for granular analysis, and insights from SONAR’s market experts and customer success team in lane-level analysis. At the lane level, users can quickly identify their rate-per-mile (RPM) delta and make adjustments as needed.

Optimal Sourcing 64

Optimal Sourcing Procurement Solutions Procurement Analytics Analysis 64

Logistics Business Magazine

DECEMBER 11, 2022

While it’s imperative to focus on budgets and business initiatives that will take precedence over the next year, it’s just as important to keep an eye on the big-picture trends that are shaping the industry. o9 Solutions’ supply chain experts and leaders are sharing their insights on the trends that could become prevalent in 2023 and beyond.

Supply Chain Planning Software 56

Supply Chain Planning Software Supply Chain Software Supply Chains Trends 56

GlobalTranz

FEBRUARY 4, 2019

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. As omnichannel shopping becomes the standard for consumers, the use of freight data will excel.

Supply Chain Planning Software 48

Supply Chain Planning Software Logistics Network Optimization Software Inventory Reduction Trends 48

SYSPRO Smarter ERP

AUGUST 7, 2023

They rely on outdated reports from disparate systems and scattered spreadsheets to gather information. It can help you monitor crucial metrics such as production schedules, job statuses and job costs at any given moment and promptly adjust to market demands. If this sounds familiar, you are not alone.

ERP 98

ERP Manufacturing Procurement Optimal Sourcing Procurement Analytics 98

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

WorkWave

JUNE 17, 2024

In this rapidly evolving landscape, staying up-to-date with digital marketing trends is crucial for businesses to stay competitive and effectively engage with their target audience in the ever-expanding digital space. This not only encourages customers to make purchases but also creates a sense of exclusivity and value.

Optimal Sourcing 96

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. . Accurate and timely reconciliation of purchase orders with receipts.

Supply Chain Planning Software 166

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 166

GlobalTranz

SEPTEMBER 23, 2021

Download the White Paper: Over the Road Freight Management Trends. A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. transportation metrics ?that Focusing on the?

Optimal Sourcing 123

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

GlobalTranz

OCTOBER 12, 2018

E-commerce is growing at a phenomenal rate and, powered by the top trends in e-commerce logistics, shippers have an amazing opportunity to increase profitability and reduce freight spend simultaneously. In addition, retailers around the globe struggle to stay competitive with the e-commerce behemoth, Amazon, reports Huemor.

Logistics Network Optimization Software 74

Logistics Network Optimization Software Supply Chain Design Software Trends Supply Chain Software 74

GlobalTranz

DECEMBER 7, 2015

As we close the year of 2015, we want to take a look at some manufacturing trends for 2016. Manufacturing Business Technology recently wrote the 5 e-commerce trends for 2016 for manufacturers to look at that include: Manufacturers will seek to increase their share of aftermarket parts sales. E-Commerce for Manufacturing.

Manufacturing Procurement 81

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

Logistics Viewpoints

APRIL 14, 2023

According to a report from The Information , the company is imposing this fee on returns when return options at Whole Foods, Kohl’s, or Amazon Fresh locations are closer or at the same distance as a UPS Store return location. Previously, customers could drop off non-defective or undamaged items at UPS Stores without any cost.

Logistics Network Optimization Software 138

Logistics Network Optimization Software Cost Reduction Manufacturing Procurement Inventory Reduction 138

3PL Links

MAY 3, 2023

According to a report, just 21% of purchasing executives grasp the difficulties of lack of visibility in the supply chain, which becomes even more crucial when the entire chain is struggling to ensure output and satisfy input demand. Read also: Revolutionizing the Industry: Discover the Top 3 Logistics Trends for 2023!

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

Penske Move Ahead

MAY 9, 2022

In the third annual State of Sustainable Fleets Market Brief , released today and available at no cost, transportation fleets continued to report a resounding trend — their use of clean fuels and advanced vehicle technologies is rapidly progressing. is a supply chain sponsor of the report. Cummins, Inc. to date.

Procurement Analytics 60

Procurement Analytics Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 60

Logistics Business Magazine

APRIL 17, 2024

Companies must also consider cost implications, accurate demand forecasting, trend analysis, process automation, and logistics considerations. Cost implications play a pivotal role in delivering exceptional experiences for end-users. NPS serves as a critical metric gauging customer loyalty and satisfaction.

Supply Chain Software 61

Supply Chain Software Supply Chains Optimal Sourcing Optimization Software 61

FLS Transport

OCTOBER 22, 2020

Get the full report on volumes, expenditures, linehauls, and intermodal trends here. Many have predicted it to be the toughest peak ever as volumes spikes and capacity remains tight… ahead of the rush. More market signals relative to growth… Last week we covered record new truck purchases. Check it out.

Procurement Analytics 52

Procurement Analytics Freight Procurement Solutions Capacity 52

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

GlobalTranz

MAY 21, 2018

Shippers large and small need to look more closely at parcel transportation costs as a step in preserving margins. Increasingly, they are turning to enterprise parcel shipping software with parcel shipping analytics. 5 Parcel Shipping Trends to Optimize Shipping & Reduce Costs. Register For The Webinar.

Cost Reduction 48

Cost Reduction Procurement Analytics Negotiating Skills Purchasing Skills 48

Logistics Viewpoints

JUNE 8, 2023

Sustainability: Reduce the carbon emissions impact of last-mile operations by adopting green fleets and implementing emissions reporting. Building an in-house solution requires continuous effort to keep it updated with evolving technology, industry trends, and company needs. Cost is an important consideration as well.

Modeling Software 137

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 137

Logistics Viewpoints

JANUARY 26, 2021

This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation.

Supply Chain Software 171

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 171

WorkWave

MAY 30, 2024

Performance management involves monitoring and evaluating suppliers’ performance against defined metrics and goals. Monitor performance: Regularly evaluate supplier performance against established metrics and key performance indicators. Collaboration plays a crucial role in the success of SRM.

Negotiate Pricing 52

Negotiate Pricing Vendor Strategies Negotiating Skills Material Savings 52

Logistics Viewpoints

DECEMBER 2, 2020

Regardless, that data point skews the trend. The trend line shows that export trade activity declined by about 20 percent from the pre-Covid trend and subsequently regained half of that deficit in the summer months. This data shows that trade is on a sustained growth trend but still remains below pre-Covid levels.

Manufacturing Procurement 78

Manufacturing Procurement Logistics Network Optimization Software Logistics Trends 78

WorkWave

AUGUST 4, 2020

In the grand scheme of things, data analysis falls into the categories of descriptive, predictive, and prescriptive. While descriptive data presents existing figures, predictive data allows you to draw insights from trends in your descriptive data in order to make an educated guess about what might happen next.

Data 91

Data Procurement Analytics Sourcing Strategies Ordering 91

Locus

DECEMBER 22, 2021

Enterprises that did not adapt to new trends faced the brunt of COVID-19 pandemic. This was majorly due to their inability to understand and adapt to the changing logistics trends. Welcome to 2022: Top 10 Supply chain logistics trends to watch out for 2022. The year 2021 has proved it once again that Tom McCarthy was right.

Supply Chain Planning Software 52

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