Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? Every time we buy something online, we’re gambling that what we see is what we’re going to get. Every time we buy something online, we’re gambling that what we see is what we’re going to get. That’s a mind-blowing statistic.

eCommerce 105

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 105

SYSPRO Smarter ERP

SEPTEMBER 27, 2021

This strategy creates a subscription-based revenue stream, while the physical good itself is often a one-time purchase. For example, a refrigerator manufacturer can attach an IoT sensor to each of the appliances to monitor up-time and the products temperature. Data can also enable cross-sector collaboration. Where to start.

Manufacturing Procurement 105

Manufacturing Procurement Data Modeling Software Optimization Software 105

Ship Monk

MARCH 4, 2021

As such, they excel in different ways, even if their usage is sometimes perceived as interchangeable. AR, for example, is great for workforce training situations where employees still need a firm grasp on the real world, and VR can be used for simulations, virtual tours, and, yes, video games. AR and VR: Benefits and Examples.

eCommerce 97

eCommerce Eliminating Excel in Purchasing Modeling Software Procurement Analytics 97

3PL Links

DECEMBER 24, 2024

For example: we have the traditional warehouse and the cold storage warehouse. Using automated picking systems, for example, can speed up the product-picking process compared to manual picking, reducing the time needed to prepare shipping orders. Which Type of Logistics Warehouse is Right for Your Business?

Inventory Reduction 62

Inventory Reduction Material Savings Optimization Software Cost Reduction 62

SYSPRO Smarter ERP

JANUARY 13, 2025

A single, integrated system built for the specialized needs of the food and beverage industry enables manufacturers to effectively manage areas such as quality control , compliance, traceability, purchasing, inventory management , warehouse operations, sales and financials. For example, review the systems scalability.

Optimization Software 52

Optimization Software Manufacturing Procurement Supply Chain Planning Software Modeling Software 52

Locus

AUGUST 5, 2024

This is the first in a series of blogs that will showcase how Locus has been able to leverage AI and ML’s unique capabilities to deliver real-world growth. We will cover our areas of focus, and in subsequent blogs, go deeper into how we use AI in various parts of the fulfillment chain to bring about real business value.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Supply Chain Software Supply Chains Optimal Sourcing 52

Ship Monk

JULY 28, 2021

Think of the last time you purchased a product or service based on the recommendation of a friend, family member, or your favorite social media influencer. Yup, even dinosaurs looked to fellow terrifying reptiles for guidance on their buying habits. Take us, for example. Say no more — our blog newsletter has you covered.

Eliminating Excel in Purchasing 98

Eliminating Excel in Purchasing Case Study Procurement Analytics Purchasing Skills 98

Parade

JUNE 24, 2019

If you are a business owner or member of the leadership team, you’ve probably already asked yourself this question: Should I build these tech solutions in-house or should I buy them? There's nothing to buy. Just because tech presents excellent opportunities for your brokerage, doesn't mean you have to become a tech company.

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Procurement Solutions Logistics Network Optimization Software Freight 60

Parade

JUNE 24, 2019

In a recent article, Peter Rentschler, CEO at CarrierDirect, discussed why freight brokerages should focus on better utilizing their existing Transport Management System (TMS) to increase operational efficiency, rather than investing in upgrading their systems or purchasing something new. There's nothing to buy. The question is: how?

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Procurement Solutions Logistics Network Optimization Software Freight 60

Logistics Viewpoints

SEPTEMBER 20, 2022

In this blog, I’ll try to shed more light on it with examples from our work with our customers. Think of the Lego as the ultimate example of a composable toy. Examples of Composability in Supply Chain Planning Platforms. In this blog, I’ll focus on the Q-commerce case. So what to do? What is Composability?

Supply Chain Planning Software 114

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

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. For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

GlobalTranz

AUGUST 3, 2015

You may opt to organize your business into an independent third-party logistics provider (3PL), or you may want to purchase software for tracking, monitoring, and processing all of your needs. However, you must factor in the cost of purchasing an ERP system and compare it to the cost of purchasing an individual TMS , or SCM system.

Supply Chain Design Software 97

Supply Chain Design Software Supply Chain Software Procurement Solutions Logistics Network Optimization Software 97

3PL Links

JANUARY 8, 2025

Quality, aiming to reconcile excellence and savings in favor of a good service provided. An increase in tire consumption indicates, for example, excessive use of a vehicle, which can have other negative consequences for the business. Or when it is time to purchase new vehicles?

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

GoShip Blog

FEBRUARY 16, 2021

In the UK, for example, retailers estimate a 26% increase in sales in 2021 compared to the previous year. According to the National Retail Federation states, the most popular gifts purchased on Valentine’s Day are sweets (55%), cards (45.9%), and flowers (35.6%). Both chocolates and flowers have to remain in excellent condition.

Manufacturing Procurement 89

Manufacturing Procurement Logistics Network Optimization Software Temperature Logistics 89

Ship Monk

APRIL 26, 2023

2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. For example, say an ecommerce merchant has a 2-Day delivery policy for orders received before 3PM. Sound simple? The remarketing possibilities are abundant!

eCommerce 98

eCommerce Purchasing Skills Eliminating Excel in Purchasing Procurement Solutions 98

GlobalTranz

JANUARY 7, 2016

Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. Troy-Bilt: TRs were used.

Manufacturing Procurement 59

Manufacturing Procurement Eliminating Excel in Purchasing Purchasing Skills Optimal Sourcing 59

Ship Monk

JULY 14, 2021

Dollar Shave Club, Warby Parker, and Glossier are all standout examples of D2C and the kind of success it can bring. Newspaper classifieds, Facebook Marketplace, and eBay are all examples of C2C in action. Then you’re going to love subscribing to the ShipMonk blog ! Business-to-Business (B2B). eCommerce Business Models.

eCommerce 98

eCommerce Modeling Inventory Reduction Cost Reduction 98

AIMMS

NOVEMBER 12, 2019

So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. In this blog post, I’ll explore why and offer a helpful alternative. .

Procurement Solutions 62

Procurement Solutions Supply Chain Planning Software Modeling Software Supply Chain Software 62

SYSPRO Smarter ERP

APRIL 22, 2024

A good ERP will facilitate the expansion of your business by adding functionality – new processes, new customers, or new products, for example. Be clear on the costs associated with an ERP purchase. appeared first on SYSPRO Blog. It will also be flexible to adapt your changing needs as a business.

Manufacturing Procurement 105

Manufacturing Procurement ERP Procurement Solutions Supply Chain Planning Software 105

Envase Technologies

JULY 21, 2022

Given the current state of the market, the best way to achieve these priorities is to find opportunities to excel at the following: Control fuel costs. Without question, the largest cost incurred by any small trucking company is the purchase of fuel. But in the end, you have to purchase fuel. Next, get started on these 4 steps.

Procurement Solutions 75

Procurement Solutions Purchasing Skills Eliminating Excel in Purchasing Optimization Software 75

GlobalTranz

FEBRUARY 2, 2015

Each blog post written is distributed into groups that reach the supply chain community as well as professionals in manufacturing, transportation, distribution, and more. Today’s post is a follow up blog post to the post written a week or so back called “Vendor Managed Inventory Model for Supply Chain Cost Reductions.”

Vendor Strategies 94

Vendor Strategies Inventory Reduction Modeling Software Inventory 94

Infosys Supply Chain Management

NOVEMBER 1, 2011

View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Guest Post By Bob Ferrari, Executive Editor, Supply Chain Matters blog. Islamic Banking. Mobile Banking. Payments Treasury. Wealth Management. Supply Chain Management. Offerings. |.

Supply Chain Planning Software 30

Supply Chain Planning Software Eliminating Excel in Purchasing Supply Chain Software Supply Chains 30

EazyStock

MAY 28, 2019

The solution enables companies to better understand: What to buy. When to buy. In what quantities to buy. Several, but the most prominent one from our vantage point is getting away from using Excel to attempt—and I stress, “to attempt”—calculate what to buy, when to buy and in what quantities.

Automation 49

Automation Negotiating Skills Modeling Software Procurement Solutions 49

Talking Logistics

JUNE 5, 2017

Take BMW as the latest example. An interruption in delivery of parts from a partner in Europe can therefore also have implications in China,” said [Markus Duesmann, BMW board member in charge of purchasing and supplier network]. As reported in the Wall Street Journal last week: “Automotive value chains are international.

Supply Chain Software 88

Supply Chain Software Supply Chains Manufacturing Procurement Eliminating Excel in Purchasing 88

Ship Monk

FEBRUARY 25, 2021

If before we were accustomed to a relatively straightforward purchasing experience, things took a rapid turn when COVID-19 was added to the mix. For example, if an order is supposed to take five days to arrive, let your customer know and watch them be pleasantly surprised when it gets there in three! Have a Backup Plan.

eCommerce 81

eCommerce Manufacturing Procurement Eliminating Excel in Purchasing Scenario Planning 81

Infosys Supply Chain Management

APRIL 8, 2014

View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Cloud Simple meaning of Cloud in context of SMAC is using software applications as a service without buying them. New application purchases are being evaluated to be cloud deployable.

Supply Chain Planning Software 35

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Modeling Software 35

Ship Monk

AUGUST 20, 2021

Before you jump on any purchases or investments, see if they’re a need-to-have, a must-have, or somewhere in between. Manufacturing issues and temperamental weather, for example, are among the top culprits behind shipping delays and things just not going according to plan. More than anyone, we know that ship happens. Let’s hear it!

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software eCommerce Manufacturing Procurement 98

EazyStock

JULY 19, 2019

But this is far from reality for many small- and mid-sized businesses (SMBs) who are still trying to calculate order quantities, safety stock and reorder points in Excel. For example, when the product is first introduced to the market it will not have any historical demand at all. Inventory policy. Every product has a life cycle.

Optimal Sourcing 55

Optimal Sourcing Optimization Software Inventory Optimization 55

FreightWaves SONAR

JULY 24, 2023

For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. Without excellent and clear communication, these trends will not be identified and acted upon until it is too late. The costs of logistics as a ratio of total expenses are too significant to ignore.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 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. For example, you can be doing finance in supply chain, or you can be doing operations. APICS, for example, runs some really good supply chain and logistics programmes. Purchasing Agent.

Supply Chain Planning Software 98

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

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. For example, highlighting unusual dips in demand or longer than expected lead times.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

Logistics Bureau

APRIL 3, 2023

Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in 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

Ship Monk

MAY 18, 2023

The simple description for MonkProtect is a post-purchase suite that helps ecommerce brands “stress less and grow more” by helping customers “stress less and buy more.” Our MonkProtect technology provides best-in-class post-purchase protection and extra added benefits. That’s not hyperbole; it’s fact.

Purchasing Skills 52

Purchasing Skills Procurement Solutions Supply Chain Design Software eCommerce 52

Logistics Bureau

DECEMBER 20, 2021

In addition, those articles inevitably stimulate readers to post questions, which, over time, we try to answer in detail by creating new blog posts to address them. Inventory Turns: An Illustrative Example. Here’s an example of the total calculation of inventory turns: Company A has COGS of $315 million for the year 2020.

Inventory Reduction 98

Inventory Reduction Inventory Cost Reduction Purchasing Skills 98

Ship Monk

JULY 26, 2023

MonkProtect is a post-purchase suite that helps ecommerce brands “stress less and grow more” by helping customers “stress less and buy more.” Keep visiting our 3PL blog for more shipping insights, and contact ShipMonk’s experts today to get your ecommerce business started with the best in the logistics business.

eCommerce 52

eCommerce Tips Supply Chain Planning Software Eliminating Excel in Purchasing 52

GlobalTranz

SEPTEMBER 19, 2016

Editor's Note: Today's blog is from our friends at Mahan's Thermal Products. With millions of people wanting to buy goods from IKEA, it doesn’t take much to understand the amount of energy being used or the amount of natural resources that are having to be pulled from the environment to keep up with demands.

Manufacturing Procurement 87

Manufacturing Procurement Material Savings Resource Reduction Industry 87

EazyStock

APRIL 23, 2019

Can you give examples of processes or tasks you help to automate? . EazyStock is a system that calculates forecasts and purchasing parameters and automatically classifies and categorizes all items based on their current behavior. Based on this, the system calculates automatic order suggestions.

Automation 49

Automation Optimization Software Eliminating Excel in Purchasing Inventory Reduction 49