AIMMS

NOVEMBER 2, 2020

This can result in different teams using different data formats, diverging results from data analysis, and hence poorly aligned decision making. In such cases, it’s hard to align the team around a common source of truth. To make matters more complex, different departments also used their own method for estimating product costs.

Supply Chain Planning Software 127

Supply Chain Planning Software Purchasing Skills Cost Reduction Optimal Sourcing 127

GlobalTranz

JANUARY 21, 2015

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions.

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

GlobalTranz

NOVEMBER 17, 2016

Distribution of goods prior to purchase. Each of these elements more traditionally handles by outsourcing analysis of processes to supply chain consultant. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data.

Supply Chain Design Software 115

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

Ship Monk

JULY 18, 2024

Reduce shipping and inventory costs to gain pricing flexibility. Most importantly, it should fully integrate with your shopping cart, website, mobile app, social sales channels, marketplaces, retailers, payment systems, EDI and ERP systems, and any other app or tool you use to manage your business. What Can Operations Do?

Inventory Reduction 111

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 111

Material Handling and Logistics

AUGUST 10, 2018

Though individual items often don’t amount to a huge expense, your total indirect spend and associated costs likely constitute a significant portion of your overhead expenses. Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. Too Little. Too Costly.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

Logistics Viewpoints

MARCH 1, 2021

. – explained that when conducting manufacturing volume forecasts for budget purposes, the company would look at demand, production capacity, product specifications, seasonality, asset location, costs/duties and new product introduction amongst other criteria to satisfy regional volume demands. We appreciated River Logic’s capabilities.”

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 119

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. All of the above pressures culminate in rising operational costs – from ?labor, Talent gaps: ? One of the key drivers is the aging workforce leaving for retirement. Managing Inventory.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

Supply Chain Planning Software 118

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 118

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Negotiating Skills 95

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 95

EazyStock

MARCH 9, 2021

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.

Analysis 83

Analysis Inventory Optimization Software Procurement Solutions 83

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. These data sources are often spread across multiple platforms and come in various formats.

Supply Chain Planning Software 164

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 164

FreightWaves SONAR

DECEMBER 14, 2020

This week, learn how freight market participants are able to measure if freight pricing control lays in the hands of freight shippers or freight carriers. What is the DHL Supply Chain Pricing Power Index? The chart above has an 80 reading which indicates that the control of freight pricing lies in the carriers’ hands.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Freight 52

Logistics Bureau

DECEMBER 4, 2024

What is purchasing? I asked one of our purchasing management experts exactly that question so you can hear it directly from the horse’s mouth. What is Purchasing in Logistics? In short, purchasing is a transaction: you buy an item or a service. Why do people get confused between purchasing and procurement?

Manufacturing Procurement 48

Manufacturing Procurement Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills 48

Logistics Viewpoints

SEPTEMBER 1, 2023

And when I think of going back to school, I think of a rite of passage that most kids enjoyed: watching the Price is Right on a sick day. Earlier this week, longtime host of the Price is Right, Bob Barker, passed away at the age of 99. Those negotiations resulted in a tentative agreement that is now undergoing a ratification vote.

Logistics Network Optimization Software 150

Logistics Network Optimization Software Purchasing Skills Negotiating Skills Price Reduction 150

FreightWaves SONAR

DECEMBER 15, 2020

Carriers and transportation experts are always looking for ways to cut costs and maximize spending. A freight spend analysis can help cut those extra costs. By doing so, carriers and experts pinpoint logistics cost contributors. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues.

Analysis 59

Analysis Procurement Analytics Optimization Software Optimal Sourcing 59

Logistics Viewpoints

DECEMBER 17, 2024

To achieve traditional supply chain outcomessuch as reducing costs and managing lead timesTMS systems generate insight and foresight into these metrics during planning and execution processes. Companies should evaluate it alongside cost, lead time, on-time delivery, and capacity utilization.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimal Sourcing 94

Logistics Viewpoints

SEPTEMBER 4, 2023

There are different tools, goals, and market dynamics. It can move quickly from a situation where there is too much capacity in the market and buyers having the whip hand, to a situation where shippers are begging carriers to take their loads at almost any price. This made the data analysis easier.

Procurement Solutions 136

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 136

Ship Monk

APRIL 16, 2024

payment fraud) cost online merchants an estimated $38 billion in losses — a figure that doesn’t include the negative effects on customer loyalty and the brand’s reputation. The good news is that fraud management tactics and tools are making it easier to prevent, catch, and combat ecommerce fraud. In 2023 alone, ecommerce fraud (a.k.a.

eCommerce 105

eCommerce Modeling Software How To Procurement Solutions 105

Material Handling and Logistics

JANUARY 22, 2019

The companies that disclosed to CDP in 2018 did so at the request of over 650 investors with assets of $87 trillion, and/or 115 major purchasing organizations with a combined spend of US$3.3 million (US$3.6 million (US$3.6 Printer-friendly version.

Material Savings 107

Material Savings Manufacturing Procurement Purchasing Skills Cost Reduction 107

GlobalTranz

JULY 12, 2016

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. 5 Key Areas to Focus on in the Pursuit of Warehouse Cost Savings. Returns cost more than orders to process.

Material Savings 73

Material Savings Cost Reduction Optimal Sourcing Inventory Reduction 73

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.”

Supply Chain Planning Software 157

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 157

Logistics Viewpoints

MAY 11, 2023

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. A communication and training tool In addition to these practical uses, digital twins can also help improve communication and collaboration within warehouses. come with any of them.

Optimization Software 159

Optimization Software Supply Chain Design Software Modeling Software Digital 159

GlobalTranz

SEPTEMBER 23, 2021

Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? . Increasing fuel costs also play into the available capacity woes.? ? on-highway diesel fuel prices are up $0.898 from the end of August 2020.

Optimal Sourcing 123

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

GlobalTranz

MAY 12, 2015

Manufacturers need to focus on their core in order to stay competitive, and technological tools, such as our Cerasis Rater, a transportation management system , allow for streamlined process in managing transportation, giving back precious time, money, and focus to our manufacturing customers. billion individuals join the consuming class.

Manufacturing Procurement 97

Manufacturing Procurement Modeling Software Supply Chain Planning Software Digital 97

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

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

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 134

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 134

GlobalTranz

MAY 27, 2015

Based in Virginia, AMT was founded in 1902 and specializes in providing targeted business assistance, extensive global support, and business intelligence systems and analysis to its members and industry as a whole. At the trough of the recessions in 2003 and 2009, only $100 million worth of equipment was being purchased.

Manufacturing Procurement 94

Manufacturing Procurement Procurement Analytics Data Modeling Software 94

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. Successful sales during this period come down to many factors.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. Successful sales during this period come down to many factors.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

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. Waste management includes storage costs, depreciation of perishable goods, and disposal expenses. However, this approach is likely to result in excess inventory and waste.

Inventory Reduction 139

Inventory Reduction Supply Chain Planning Software Inventory Waste Reduction 139

Ship Monk

OCTOBER 8, 2024

With peak season and its accompanying shipping surcharges just around the corner, you may be wondering how to gain more control over your shipping costs and get the most out of your shipping budget. Controlling shipping costs is easier said than done. With large shipping volume: You can negotiate discounts on shipping.

Negotiating Skills 69

Negotiating Skills Cost Reduction Inventory Reduction Negotiate Pricing 69

EazyStock

NOVEMBER 17, 2020

ERP systems typically allow companies to undertake tasks such as purchasing, production planning, service delivery and customer management – all from one single platform. To remain competitive they know they need the tools to ensure the right stock is in the right place at the right time. How often each SKU gets picked.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

EazyStock

AUGUST 21, 2020

However, holding too much can have a number of negative implications, such as high carrying costs , over-investment in stock and poor cash flow. What are the potential cost savings from inventory reduction? Instead, here are five strategic inventory reduction methods that are certain to drive cost savings.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

GlobalTranz

MAY 6, 2015

Any and all members of the lean supply chain should use these tools to solve problems and reduce costs to increase value to the customer. Focus on Total Cost of Fulfillment. Make decisions that will meet customer expectations at the lowest possible total cost, no matter where they occur along the supply chain. Brainstorm.

Supply Chain Planning Software 127

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

Logistics Bureau

NOVEMBER 30, 2024

If your company is in the business of maintenance, repair, and operations (MRO) – providing services and supplies to keep equipment and facilities running – you should already be aware of the strengthening trend in service as a source of value, both in business-to-business and business-to-consumer marketplaces.

Inventory Reduction 67

Inventory Reduction Inventory Procurement Solutions Supply Chain Planning Software 67

GlobalTranz

JANUARY 8, 2015

More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Perfection (Lean principle: Six Sigma) : Continuously refine your inventory management processes to improve quality , cycle time, efficiency and cost ( Six Sigma: DMAIC.

Inventory Reduction 109

Inventory Reduction Inventory Waste Reduction Cost Reduction 109