Log-hub

SEPTEMBER 17, 2024

The right inventory policy can be identified by a detailed inventory analysis of demand patterns, lead time for replenishment, storage costs, and production timelines. Inventory management ensures that the right amount of inventory is available at the appropriate moment, minimizing excess stock or shortages.

Inventory Reduction 40

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 40

SYSPRO Smarter ERP

FEBRUARY 2, 2022

To track and report the data, each form of inventory necessitates database management software and specialized methods. It is getting harder to track every item in the inventory and to get relevant analysis out of it. Supplier management. Tracking issues.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Reduction Inventory Optimal Sourcing 105

EazyStock

JUNE 23, 2022

But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

Logistics Bureau

NOVEMBER 14, 2018

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. Besides optimising the present or fixing the past, CTS reporting and analysis opens the door to what-if scenarios and projections.

Purchasing Skills 90

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 90

MTS Logistics

APRIL 26, 2023

This can include training in areas such as data analytics, lean principles, and supplier management. Managing a supply chain can be a daunting task, but U.S. importers can improve their supply chain efficiency and reduce costs by implementing the right strategies.

Inventory Reduction 80

Inventory Reduction Waste Reduction Cost Reduction Supply Chain Planning Software 80

Logistics Business Magazine

AUGUST 18, 2022

Based on a comprehensive analysis of its business environment, which also involved the main stakeholders of the group of companies, SSI Schaefer has defined four action areas in accordance with its corporate strategy: 1.

Material Savings 59

Material Savings Resource Reduction Groups Strategy 59

WorkWave

MAY 30, 2024

Organizations operating under a reactive SRM approach tend to have limited visibility into their supplier relationships and may lack a long-term strategy for supplier management. On the other hand, strategic supplier relationship management involves a proactive and long-term approach to managing supplier relationships.

Negotiate Pricing 52

Negotiate Pricing Vendor Strategies Negotiating Skills Material Savings 52

Logistics Bureau

NOVEMBER 3, 2024

The use of a methodology known as “cost to serve analysis” often reveals shocking realities about supply chain costs. Remember that in the eyes of your customers, there is no distinction between the performance of your suppliers and that of your own company.

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 82

3PL Links

APRIL 23, 2024

Supplier management Artificial intelligence can help you manage suppliers more objectively and efficiently. Among the fixes are: perform preventive analysis for a more precise specification of the delivery timetable; determine more efficient routes by accounting for various delivery volumes; utilizing autonomous devices.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 48

EazyStock

JUNE 24, 2020

In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning. Save Time by Automating Inventory Management Calculations.

Inventory Reduction 98

Inventory Reduction Procurement Solutions Inventory Supply Chain Planning Software 98

GlobalTranz

AUGUST 17, 2015

This type of system can also help organizations understand when their suppliers are undergoing change or hardship, and offer them an opportunity to step in and help, or provide them with enough time to source from different suppliers. Manage working capital. To establish and maintain leadership, organizations must innovate.

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 98

EazyStock

NOVEMBER 6, 2020

ABC analysis or more sophisticated inventory classification techniques will help identify which stock items you should hold more of and those that should either be carried in smaller amounts or not at all. Originally published Oct 2015; updated Nov 2020.

Inventory Reduction 40

Inventory Reduction Purchasing Skills Optimal Sourcing Inventory 40

EazyStock

JANUARY 6, 2023

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. ABC/XYZ analysis can help identify the most valuable items to your business.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

EazyStock

JANUARY 6, 2023

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. ABC/XYZ analysis can help identify the most valuable items to your business. Supplier management. Supplier ranking.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

GlobalTranz

OCTOBER 5, 2015

Smart devices and systems with embedded intelligence can make critical decisions and adjustments in response to complex scenarios, and this in turn enables managers to focus on improving global capabilities through better orchestration within the network.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 111

GlobalTranz

FEBRUARY 24, 2016

As a result, many manufacturers have deployed extensive process review and analysis programs to move towards a higher level of lean manufacturing. The key barrier to each process is the need for data review and analysis of key performance indicators in a digital, portable, and connected setting.

Waste Reduction 53

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 53

EazyStock

MARCH 3, 2022

Using ABC analysis will help you categorize your stock items and assign different stocking policies to each group. You’ll also give your inventory teams more time to deal with suppliers, manage customers and look at the bigger picture. Classifying your stock helps prevent a ‘blanket approach’.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

Logistics at MPEPS at UPV

MAY 18, 2017

Supplier relationship management. Contract/supplier management availability and expertise. Supplier development and continuous improvement Supplier communications. Supplier development and continuous improvement Supplier communications. Cost/profit. Customer demand. Uniqueness.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 40

Logistics Bureau

JANUARY 9, 2019

As a result, the newly merged company developed a systematic methodology for network design optimisation, based on the following four principles: A continual process of high-powered modelling and network design analysis. A disciplined approach to the collection, cleansing, and standardisation of supply chain data.

Supply Chain Design Software 118

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

Logistics Bureau

JANUARY 7, 2020

As a result, the newly merged company developed a systematic methodology for network design optimisation, based on the following four principles: A continual process of high-powered modelling and network design analysis. A disciplined approach to the collection, cleansing, and standardisation of supply chain data.

Supply Chain Design Software 123

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 123

247 Customs Broker

MARCH 8, 2018

If you are single sourcing particular raw materials, analyze the supplier’s renewals and reusables. Help suppliers manage the sustainability impact – monitor and make sure they adhere. Conduct a backhaul analysis. Regular analysis is necessary to refine and validate. Product Design. Supply Chain Network Design.

Supply Chain Design Software 28

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 28