Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

FreightWaves SONAR

DECEMBER 9, 2020

Most freight brokers have to source their own freight broker leads. Here are six tips for sourcing freight broker leads that will minimize the time and resources required to source and research shipper leads. . 6 Tips to source freight broker leads. #1: One challenge comes from the term “shippers.” 3: Conference agendas.

Sourcing Strategies 105

Sourcing Strategies Purchasing Skills Sourcing Tips 105

SYSPRO Smarter ERP

OCTOBER 9, 2023

Cost efficiency, quality management and traceability are major issues for companies in this region. Managing costs With the demand for fabricated metal products growing so much, production runs are increasing as are the costs. The significant cost items are labor, materials and machinery.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

SYSPRO Smarter ERP

SEPTEMBER 27, 2021

Data is a crucial component of digital transformation in the manufacturing sector. However, data in itself is not a value driver. Many manufacturers aren’t maximizing the value from enriching data and missing out on opportunities to grow, optimize or manage risk. Share data for partnership and growth.

Manufacturing Procurement 105

Manufacturing Procurement Data Modeling Software Optimization Software 105

SYSPRO Smarter ERP

JULY 3, 2023

What is Machine Learning ML is the computing engine behind AI and gives computers the ability to make sense of, and learn, from data to perform specific tasks without manual interference. Nine areas where AI can help manufacturers There are several ways in which data and AI can be applied in the manufacturing industry. The Industry 4.0

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Data Optimization Software 98

Logistics Viewpoints

AUGUST 18, 2021

Furthermore, there is much discussion about the word “transitory,” as used by Federal Reserve Chairman Jerome Powell to describe what he believes is like a short-term phase of price increases. Look no further that the blog of the Whitehouse Council of Economic Advisors for commentary on the connection between supply chains and inflation.

Supply Chains 134

Supply Chains Manufacturing Procurement Purchasing Skills Price Reduction 134

SYSPRO Smarter ERP

JANUARY 17, 2022

This is further processed into even more intricate calculations for a computer to understand, which is all data. Data is raw facts, figures and statistics that is further processed to produce useful output, known as information. The exponential growth of data. Data-driven manufacturing and distribution.

ERP 105

ERP Data Manufacturing Procurement Inventory Reduction 105

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 115

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

3PL Links

JANUARY 8, 2025

Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

SYSPRO Smarter ERP

JUNE 29, 2022

In the first blog on streamlining manufacturing , we discussed how OEE (Overall Equipment Efficiency) and MOM (Manufacturing Operations Management) can improve manufacturing processes. Therefore collecting and using data about the operations of these machines has seemed difficult, requiring expensive upgrades.

Manufacturing Procurement 111

Manufacturing Procurement Optimal Sourcing Optimization Software Purchasing Skills 111

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. These are many issues that arise when teams don’t have a centralized S&OP workflow and common access to data. They had no centralized purchasing process.

Supply Chain Planning Software 127

Supply Chain Planning Software Purchasing Skills Cost Reduction Optimal Sourcing 127

SYSPRO Smarter ERP

MARCH 13, 2025

Real-time data With technologies such as the Internet of Things (IoT) , data creation is happening at an exponential rate, meaning that manufacturing in the 21st Century isnt so much based on gut-driven decisions anymore but rather on data. It eliminates duplicate work and ensures everyone works from the same accurate data.

Manufacturing Procurement 52

Manufacturing Procurement ERP Optimal Sourcing Supply Chain Planning Software 52

SYSPRO Smarter ERP

JANUARY 12, 2022

With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges. They have a contract with a supplier who delivers on time, and who charges acceptable prices.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

FreightWaves SONAR

JANUARY 5, 2021

Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Freight data reduces dwell time and load time. Operating Ratio.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

Logistics Bureau

JANUARY 3, 2025

If youve followed our blog over the years, youll know that weve shared lots of information about distribution network design, why its vital to get it right, how long it should take, the importance of reviewing the network every so often, and various elements of design such as determining the number of warehouses and where to locate them.

Supply Chain Design Software 75

Supply Chain Design Software Supply Chain Design Distribution Networks 75

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. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

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

Logistics Bureau

DECEMBER 22, 2024

Of course, the big challenge in this type of external benchmarking is obtaining the necessary data, since many companies are wary of sharing performance data with potential competitors. Instead, its merely a common-sense guide to those supply chain KPIs that can best provide actionable data for general management purposes.

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 105

SYSPRO Smarter ERP

MAY 30, 2022

As manufacturers strive to reduce costs while increasing speed, the process of procuring materials, making products, and moving them where they need to be is more complex than ever. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

FreightWaves SONAR

FEBRUARY 29, 2024

Housing starts are calling for lumber kits, industrial purchasers are ordering products for their projects, and construction companies are planning their moves and strategies for the year. Shippers often manage transportation for these projects with historical data, bids from trusted carriers and a lot of guesswork.

Purchasing Skills 59

Purchasing Skills Data Trends Sourcing Strategies 59

SYSPRO Smarter ERP

MARCH 9, 2022

ERP tools share a common process and data model, covering broad and deep operational end-to-end processes, such as those found in finance, HR, distribution, manufacturing, service and the supply chain. This, in turn, can improve employee and operational productivity by reducing manual tasks, and saving time, resources, and costs.

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Software ERP Manufacturing Procurement 119

Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

SYSPRO Smarter ERP

MAY 30, 2022

As manufacturers strive to reduce costs while increasing speed, the process of procuring materials, making products, and moving them where they need to be is more complex than ever. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 98

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. This approach results in inefficiencies, higher costs, and missed opportunities. These costs fall within the “Cost of Goods Sold” components of the company’s financial statement.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 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 Viewpoints

DECEMBER 15, 2022

quintillion bytes of data every day. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. The idea is that data points within a group share similar properties, and each group is different (statistically speaking) from another. The retail industry is rich with data.

Optimal Sourcing 104

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 104

FreightWaves SONAR

MARCH 4, 2021

Truckload freight and transportation costs make up a large part of most logistical spending for shipping companies across the country. With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. That’s where data analytics comes in.” Download the White Paper.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

SYSPRO Smarter ERP

JANUARY 13, 2025

The food and beverage industry is a dynamic, ever-evolving sector in which manufacturers are continuously seeking ways to optimize production and reduce costs in the face of shifting consumer demand and preferences. When assessing ERP systems, its important to evaluate more than just general software capabilities and prices.

Optimization Software 52

Optimization Software Manufacturing Procurement Supply Chain Planning Software Modeling Software 52

FreightWaves SONAR

MARCH 3, 2021

Once started, this circular process created a flywheel where projects were in flight at every stage, and injecting resources at any stage would have a positive impact on speed, cost, complexity, and efficiency. Doesn’t matter the cost because a good experience would keep her loyalty. The importance of data.

Supply Chain Software 90

Supply Chain Software Supply Chains Data Optimization Software 90

3PL Links

NOVEMBER 26, 2024

Image source: Pexels | Everything You Should Know About Automation in Fulfillment Logistics Introduction to Automation in Logistics Have you ever thought about how Amazon delivers packages quickly and efficiently? In short, automation in logistics is a major step forward for companies that want to be more efficient and reduce costs.

Supply Chain Software 62

Supply Chain Software Logistics Network Optimization Software Optimization Software Supply Chain Planning Software 62

Freightos

AUGUST 10, 2024

Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. Like many, I envisioned substantial cost savings and productivity boosts for the logistics industry, which is often hampered by non-standardized formats and requires high adaptability.

Logistics Network Optimization Software 107

Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Supply Chain Software 107

Logistics Viewpoints

SEPTEMBER 20, 2022

Our lives became more interesting with the onset pandemic, followed by labor shortages, the Russian invasion of Ukraine, rising oil prices, and the oncoming recession. In this blog, I’ll try to shed more light on it with examples from our work with our customers. In this blog, I’ll focus on the Q-commerce case.

Supply Chain Planning Software 114

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 114

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. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Getting Started in Supply Chain.

Supply Chain Planning Software 98

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

SYSPRO Smarter ERP

AUGUST 7, 2023

In one of my previous blogs, “The Importance of Building a Business Case for ERP,” we looked at the significance of strategic planning and creating a solid business case before embarking on an Enterprise Resource Planning (ERP) implementation journey. With an ERP, all departments are looking at the same data.

ERP 98

ERP Manufacturing Procurement Optimal Sourcing Procurement Analytics 98

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. As a result, the ecommerce business has lost the product and the revenue from the sale, plus associated fulfillment costs, shipping costs, and chargeback fees.

eCommerce 105

eCommerce Modeling Software How To Procurement Solutions 105

Ship Monk

SEPTEMBER 14, 2022

By value , we mean how much that inventory cost to make or purchase, plus how much it’s costing you to store it. For an eCommerce business, inventory is your most valuable asset (at least in terms of bookkeeping) and also one of your largest costs. Ending Inventory + COGS – Purchases = Beginning Inventory.

Inventory Reduction 98

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 98

FreightWaves SONAR

SEPTEMBER 20, 2021

There is a scene in Curb Your Enthusiasm where Larry David, who had never before purchased illegal drugs, asks a dealer, “Is that a fair price you’re quoting me?” Without adequate data and information on the freight market, shippers can find themselves in the same disadvantageous position as Mr. David.

White Paper 98

White Paper Negotiating Skills Purchasing Skills Freight 98