The Lean Thinker

AUGUST 8, 2019

In his article, he quotes from an interview Oscar Munoz, the CEO of United Airlines, gave to ABC. Just so you know my perspective: In the course of my work, I typically purchase between 10 and 20 thousand dollars worth of airfare a year. Rough metric equivalents would be around 20 meters long, 9 meters high, 50 tons.

Procurement Analytics 188

Procurement Analytics Course How To Events 188

Logistics Bureau

NOVEMBER 16, 2020

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 98

Logistics Viewpoints

FEBRUARY 28, 2023

This article is from Natalie Walkley, Director of Product Marketing OMS at Koerber. Of course, the key to inventory is having the right amount in the right location at the right time to meet customer demand, or face overstocks, high holding costs and eventual markdowns—or alternatively, overpromising, stockouts and lost sales.

Optimal Sourcing 111

Optimal Sourcing Inventory Reduction Sourcing Strategies Vendor Strategies 111

Logistics Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” 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

Logistics Viewpoints

JUNE 2, 2022

This article is from Manhattan Associates and looks at the changing nature of retail. Making predictions about the future of retail – or anything – can be a fool’s errand. Stores quickly became hubs for returns of online purchases. 100 percent of shoppers miss the instant gratification of store purchases.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 115

Logistics Bureau

APRIL 3, 2023

In this article, I will redress the balance by exploring outsourcing from a more holistic perspective, focusing on ways to consider outsourcing partnerships for improvement throughout the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.

Outsourcing 98

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 98

Material Handling and Logistics

AUGUST 31, 2018

It’s true that the major issues in the supply chain—which were confirmed through MH&L ’s workforce survey process and published in an earlier article —are nuanced. Then look at key metrics like total line items per order, picks per hour, and cost per pick per SKU to identify weak links and the most opportunistic areas for improvements.

Supply Chain Design Software 145

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 145

Logistics Viewpoints

FEBRUARY 7, 2022

More SKUs available from local warehouses could also mean quicker replenishment cycles parts that are purchased infrequently. In an article last year, it was reported that the time it takes to print things has decreased. Of course, it is not just speed of printing that matters but cost. Cell Phone Case: 20 minutes.

Manufacturing Procurement 115

Manufacturing Procurement Supply Chain Design Software Supply Chain Software Supply Chain Design 115

Logistics Bureau

SEPTEMBER 4, 2023

With that question answered, I’m giving the rest of this article over to highlighting several business and supply chain issues, which, if you are experiencing them in your enterprise, are potent indications that CTS analysis should be on your agenda —for execution at the soonest. View case study Learn more about cost-to-serve benefits.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

Logistics Bureau

DECEMBER 6, 2024

Indeed, gamification is becoming an increasingly popular feature across the entire supply chain, from procurement to last-mile delivery. These are the principles we’ll expand on in the remainder of this article. Essentially, gamification is just an expansion of the use of metrics and KPIs to measure human performance.

Supply Chain Design Software 73

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 73

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions. Of course, sometimes following the herd can lead us astray. That’s a mind-blowing statistic. Low-cut jeans come to mind.)

eCommerce 105

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 105

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. Conversely, just 8% of businesses with less capable supply chains report above-average growth. Development of analytical and network design skills within the company’s supply chain teams. Procurement costs.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 111

WorkWave

MAY 24, 2024

Sources cite the resiliency of essential services , predictive recurring revenue and business model growth opportunities enabled by technology, training and development as being reasons behind the interest. Q&A highlights in this article [Open] [Close] WorkWave: Where should you start if you are looking to sell your business?

Negotiating Skills 98

Negotiating Skills Buyer Training Purchasing Skills Modeling Software 98

Logistics Viewpoints

MARCH 20, 2023

This January the company reported that its annual recurring revenue grew at over 84% year-over-year. Because supply chain planning is undergoing something of a technological revolution, this article will focus on o9’s technology and why their CEO believes it is differentiated. billion after a funding round.

Supply Chain Planning Software 115

Supply Chain Planning Software Modeling Software Procurement Solutions Supply Chain Software 115

Ship Monk

MARCH 30, 2024

Check out our Section 321 FAQs and supplementary article on why Section 321 is your solution to import savings. MonkProtect MonkProtect is a post-purchase suite that helps ecommerce brands “stress less and grow more” by protecting ecommerce orders. Have more questions? Overall, our 3PL is in the business of growth.

3PL 105

3PL Supply Chain Design Software Optimization Software Supply Chain Software 105

Trinity Logistics

AUGUST 23, 2024

We saw news articles and hit pieces about the conflict, week after week. The LTL carriers have course-corrected their capacity concerns. The purchased terminals and trailers meant increased footprint and capacity, which can be the difference between being the best and the biggest for LTL carriers. Likely not.

Industry 127

Industry Purchasing Skills Negotiating Skills Logistics Network Optimization Software 127

Logistics Bureau

AUGUST 7, 2023

Standardise and Digitise The key to managing complexity, of course, is to be organised. You can then use that calculation as the basis of a handling charge for customers to be deducted from their return credit or factored into any cost-to-serve analysis you might perform to determine customer profitability.

Inventory Reduction 98

Inventory Reduction eCommerce Inventory Procurement Solutions 98

Logistics Viewpoints

FEBRUARY 8, 2022

As physical stores opened, shut down and re-opened again, consumers became more flexible in the way they shop for, and purchase, just about every product. According to a recent article in Forbes , 48% of consumers today prefer a hybrid shopping model that combines online and in-store components. While driving a projected $14.1

Optimal Sourcing 105

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 105

Ship Monk

NOVEMBER 12, 2020

If you’ve been wondering which strategy is more deserving of your time and money, this is the article for you. Lastly, while customer acquisition is optimal for quickly building metrics, these metrics may not always be the best indicators of overall longevity. this article? What Is Customer Acquisition? None of the above?

Expense Reduction 64

Expense Reduction Procurement Analytics Strategy Article 64

Ship Monk

JANUARY 29, 2024

Each time a customer makes a purchase from your ecommerce brand they are giving you two things. And if the purchase doesn’t end up working out for some reason; they’re trusting that your ecommerce brand will take care of it and them. Of course it is, right? The first is obvious—their business. Let’s find out the TOP 10 now!

eCommerce 105

eCommerce Logistics Network Optimization Software Eliminating Excel in Purchasing Supply Chain Software 105

Logistics Bureau

MAY 31, 2021

If yours is one of those businesses shifting from traditional to online retail, you’ve probably faced some of the logistical challenges arising from the need to deliver your customers’ purchases to them. High Cost to Serve: It’s an Omnichannel Problem. Those expenses can increase the cost to serve by a considerable amount.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

Ship Monk

JANUARY 11, 2024

Depending on which article you’re reading, ecommerce brands should be prepared for return rates of anywhere from 16% to 30%. Of course, the opposite is also true — when handled poorly, returns can hurt your brand. the cost of goods sold). As you can see, there are pretty significant costs to mishandling returns.

Procurement Solutions 111

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 111

Logistics Bureau

OCTOBER 9, 2023

Quality and Detail of Data and its Analysis In some of our earlier posts, we’ve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. 4 of this article. Time is another resource you will consume in analysing all this data.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Design Distribution Networks 98

Logistics Bureau

OCTOBER 10, 2022

Those are the precise questions we’ve set out to answer in this article. In that case, please read on, as the rest of this article is dedicated to explaining the nine fundamental factors typically contributing to suboptimal inventory levels. Inventory Optimisation: A Clarification. 1: Service Levels.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

GlobalTranz

JANUARY 4, 2016

He will even train it to recognize his friends at the door and of course, make sure he is able to know what is going on with his new daughter, Max, at anytime of the day. The system then alters a 3D screen image so that a user can virtually interact with the model, reaching into the design to toggle switches, press buttons and so on.”.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 91

Trinity Logistics

OCTOBER 16, 2020

Many companies report savings after adopting greener courses of action. Their energy consumption, waste, and emissions will vary, and it’s in your best interest to keep track of environmental metrics alongside performance. #2 Similarly, the cell phone industry sees many phones damaged within the first few weeks of purchase.

Material Savings 71

Material Savings Waste Reduction Cost Reduction Logistics Network Optimization Software 71

Logistics Bureau

MARCH 14, 2018

Conversely, of course, this also means there are a number of ways in which companies can get it wrong. To help you keep on top of your warehouse management and ensure your storage facilities don’t generate undue supply chain costs, take note of the following eight common warehousing mistakes. 6: Neglecting Goods-in Processes.

Warehousing 97

Warehousing Inventory Reduction Cost Reduction Expense Reduction 97

Logistics Bureau

SEPTEMBER 28, 2020

There are, of course, some other important differences between the two types of providers: 4PL is, in general, better suited for medium-to-large businesses , while 3PL is more suited to small-to-medium businesses. The best example of a 4PL model is Amazon.com. Amazon: A Hard 4PL Act to Follow. percent over FY19. 4PL Services.

4PL 98

4PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software 98

Logistics Bureau

NOVEMBER 6, 2023

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.

Cost Reduction 98

Cost Reduction Purchasing Skills Waste Reduction Material Savings 98

Logistics Bureau

MAY 4, 2016

To paraphrase a saying, the road to supply chain hell is paved with good intentions and bad metrics. From this understanding, supply chain metrics will then ideally be: A few essential measurements that cover all the strategic aspects of the supply chain. Financial metrics to indicate profitability.

Supply Chain Design Software 56

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 56

Talking Logistics

DECEMBER 8, 2017

As reported by the Wall Street Journal : United Parcel Service Inc. The company said on Wednesday “that soaring online purchases have caused delays in its distribution network,” according to Reuters. Just ask UPS and Walmart. Walmart is in the same boat. Maybe they’ll do better in 2018. What caused the walk out?

Logistics Network Optimization Software 0

Logistics Network Optimization Software Supply Chain Software SAP Supply Chain Design Software 0

GlobalTranz

FEBRUARY 25, 2021

Customers expect to return products in the same way they purchased them, so it is not always as simple as just returning to a store. A recent article in Logistics Viewpoints noted that UPS estimated that post-holiday returns were up 23% in 2020. Of course, customers may opt to complete a return in-person.

Reverse logistics 84

Reverse logistics Inventory Reduction Manufacturing Procurement Cost Reduction 84

Logistics Viewpoints

FEBRUARY 25, 2022

Now of course, companies must map out the potential impacts of the Russia Ukraine war. The potential supply chain impacts of this conflict dwarf any other supply chain news that might be reported. Oil, gas, steel and metal products account for other everyday items purchased from the two countries.” Russia Attacks Ukraine.

Price Reduction 105

Price Reduction Supply Chain Planning Software Expense Reduction Logistics Network Optimization Software 105

Logistics Bureau

NOVEMBER 15, 2021

As I’ve mentioned in other KPI articles that I’ve written, we come across a surprising number of businesses that struggle to choose and use KPIs effectively in our consulting work. So now and then, I like to publish an article to help demystify the topic. 1) Speed up the Warehouse. For Putaway.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction How To 52

Ship Monk

APRIL 25, 2024

An item has been purchased online, your 3PL has processed the order and sent instructions to the appropriate fulfillment center, and following the picking, packing, and shipping, the package is now on the final phase of its route. This celebratory final stretch is similar in logistics lingo. days in 2021, which sped up to 5.6 days in 2023.

eCommerce 105

eCommerce Optimization Software Supply Chain Planning Software Packaging 105

GlobalTranz

AUGUST 9, 2016

It is surprising how far people walk in the course of a year in many processes. Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. Of course idling cannot be completely eliminated, but it can certainly be reduced. Transportation takes time.

Waste Reduction 53

Waste Reduction Cost Reduction Inventory Reduction Price Reduction 53

GlobalTranz

FEBRUARY 12, 2018

In this article, he writes about the characteristics of an effective supply chain manager. . In addition, they also write business reports and proposals. Since you’ll be use various apps and analytics software all the time, you have to know your way around modern technology if you want to be a supply chain manager.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Negotiating Skills Supply Chains 70