Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. From natural disasters to geopolitical tensions and the ongoing COVID-19 pandemic, supply chains have been significantly impacted.

Manufacturing Procurement 108

Manufacturing Procurement Procurement Analytics Inventory Reduction Material Savings 108

SYSPRO Smarter ERP

MAY 30, 2022

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. 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

Ship Monk

MARCH 11, 2021

For some, keeping track of metrics may as well be music to their ears. But, no matter which camp you’re in, the importance of validating your metrics cannot be understated. Take a few deep breaths, and join us for a crash course on eCommerce metrics: what they are, why you need them, and how they can help you “ Stress Less, Grow More.”

Procurement Analytics 98

Procurement Analytics eCommerce Cost Reduction Inventory Reduction 98

Logistics Viewpoints

APRIL 6, 2023

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 98

Ship Monk

NOVEMBER 30, 2023

They’re called metrics, a set of constantly changing numbers and percentages that tell you how you’re doing from one day to the next. There are dozens of metrics you could track, but some are so important you should check them frequently. These are the metrics you want on your dashboard. What is a Metric?

Procurement Analytics 64

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Freightos

JULY 23, 2015

Enough to go through every single article published in the top tech blogs – Techcrunch, Verge, Mashable and Recode – since 2007 to count how often articles about logistics startups, freight or cargo were published. Information and predictive analytics on vessel activity. shipping address for E-Commerce purchasing.

Logistics Network Optimization Software 134

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AIMMS

JULY 23, 2019

But supporting the process with advanced analytics goes even further, contributing to higher levels of productivity and profitability. Like many organizations, Tereos recognizes the use of advanced analytics as an imperative. Advanced analytics as enabling technology. The use of predictive analytics is fairly common nowadays.

Procurement Analytics 111

Procurement Analytics Supply Chain Planning Software Scenario Planning How To 111

SYSPRO Smarter ERP

MARCH 13, 2025

Advances in automation, sensors, analytics, and other technologies have made significant changes in manufacturing. New technologies, like advanced analytics and artificial intelligence (AI) , allow this data to be used more effectively, and are transforming the world of production. Factories have changed hugely in the past 50 years.

Manufacturing Procurement 52

Manufacturing Procurement ERP Optimal Sourcing Supply Chain Planning Software 52

FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

SYSPRO Smarter ERP

MARCH 15, 2023

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. The misalignment can result in multitude of negative consequences such as high warehousing costs, cash flow difficulties, loss of sales, which can lead to permanent loss of loyal customers.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Supply Chain Planning Software Procurement Solutions 105

Logistics Bureau

DECEMBER 22, 2024

Unlike most of the KPIs we recommend, perfect order is a composite of several elementary metrics. Perfect order results can help you assess performance and diagnose issues impacting service, costs, and overall supply chain effectiveness. What about DIFOT?

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

Blue Grace Logistics

JULY 27, 2021

We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. What this blog is about: Leveraging predictive analytics for forecasting and visibility. It is certainly harder to run an enterprise without forecasts or with incorrect future predictions.

Procurement Analytics 62

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Logistics Viewpoints

DECEMBER 15, 2022

There is so much data, and to make use of it, we need to use data mining and analytics to drive meaningful insights that can be put to some good use. This blog will review how category managers and supply planners can use cluster analysis to make smarter decisions and grow sales. The retail industry is rich with data.

Optimal Sourcing 104

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 104

Ship Monk

JUNE 7, 2023

Those goals also tell you how much you’ve already evolved, and as such it is vital that your company understands the most critical distribution metrics, that way you can keep control on your day-to-day operations as well as your month-to-month, quarter-to-quarter, and year-to-year progress. What Are Distribution Metrics?

Procurement Analytics 52

Procurement Analytics Distribution eCommerce Inventory Reduction 52

SYSPRO Smarter ERP

OCTOBER 9, 2023

Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. Understanding material costing requires information about procurement activities and how long materials linger in inventory before they are used to generate revenue.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

3PL Links

NOVEMBER 12, 2024

Solution: Use data-driven forecasting to predict demand as accurately as possible. By leveraging predictive analytics and a just-in-time (JIT) inventory model, you can maintain optimal stock levels, which reduces storage costs and cuts down on waste from unsold items.

Cost Reduction 62

Cost Reduction Material Savings Supply Chain Software Supply Chain Planning Software 62

SYSPRO Smarter ERP

MARCH 9, 2022

ERP applications automate and support a range of administrative and operational business processes across multiple industries” At the core, an ERP system unifies finances, including the general ledger, accounts payable, accounts receivable, and financial reporting. Procurement can be a complex process in a manufacturing environment.

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Software ERP Manufacturing Procurement 119

Ship Monk

JANUARY 28, 2025

In this blog post, we’ll explore some key strategies for scaling your ecommerce business in 2025. Leverage Data and Analytics Data can provide valuable insights into your customers’ behavior, preferences, and purchasing patterns. Conclusion Scaling your ecommerce business requires careful planning and execution.

Inventory Reduction 59

Inventory Reduction eCommerce Strategy Optimization Software 59

SYSPRO Smarter ERP

MAY 10, 2022

This should also integrate with inventory management and procurement so that goods are ordered in time and there is visibility over stock items. Managers should be able to analyze the costs of customized orders to identify where improvements can be made in labor hours worked, and other areas where costs can be lowered, such as reducing waste.

Manufacturing Procurement 111

Manufacturing Procurement ERP Procurement Solutions Optimal Sourcing 111

SYSPRO Smarter ERP

AUGUST 17, 2022

Manufacturers and distributors can optimize their inventory management using some of the latest emerging technologies, including machine learning, data analytics, artificial intelligence, and cloud computing. In industries like food and beverage, procurement must factor in shelf life and regulatory compliance, which adds more complexity.

Optimal Sourcing 105

Optimal Sourcing Optimization Software ERP Inventory Reduction 105

FreightWaves SONAR

APRIL 2, 2021

Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

Purchasing Skills 98

Purchasing Skills Optimal Sourcing Sourcing Data 98

SYSPRO Smarter ERP

NOVEMBER 1, 2021

We live in a time where we can purchase almost anything with a click of a button. A B2B e-commerce strategy is therefore becoming increasingly necessary for manufacturing businesses that want to better sell their products or procure the necessary components for manufacturing them. Transitioning to B2B e-Commerce.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Inventory Reduction 111

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. An ERP system lets you see manufacturing data accurately and in real-time.

ERP 98

ERP Manufacturing Procurement Optimal Sourcing Procurement Analytics 98

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Transportation modes used in procurement and shipping. Distribution of goods prior to purchase. Ask Traditional Questions, and Let Big Data Provide Answers. Demand forecasts.

Supply Chain Design Software 115

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

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. transportation metrics ?that Download the White Paper: Over the Road Freight Management Trends. continued growth and success.

Optimal Sourcing 123

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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.

Optimization Software 52

Optimization Software Manufacturing Procurement Supply Chain Planning Software Modeling Software 52

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. Well, we also know that many legacy systems will not be able to support all these changes quickly and cost-effectively. In this blog, I’ll focus on the Q-commerce case. Composability as an Enabler of Agility & Resilience.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 115

3PL Links

JANUARY 8, 2025

By combining data on deliveries, the performance and use of each vehicle, the performance and behavior of drivers, the maximum weight transported by vehicle, and driver availability, this tool allows each delivery to be structured and continuous reports to be made in search of more intelligent processes.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

SYSPRO Smarter ERP

JULY 3, 2023

It is estimated by McKinsey that 40% of the potential value that could be created from analytics comes using ML techniques, However, many business leaders are unsure where to apply ML to reap the greatest rewards. Procurement ML can help procurement teams be more efficient by alerting them to potential supplier problems.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Data Optimization Software 98

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. Equipment is purchased on the assumption that it will last years and can be depreciated over its useful life. The problem of legacy plant equipment.

Manufacturing Procurement 111

Manufacturing Procurement Optimal Sourcing Optimization Software Purchasing Skills 111

SYSPRO Smarter ERP

APRIL 26, 2023

Business processes can be automated to improve workflow, and information can flow automatically between different areas of the business — for example, from customer order, to inventory procurement, to production job scheduling, to invoicing and to warehouse shipment. No manual data entry is needed; this means no duplication of work.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing ERP Supply Chain Design Software 98

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

A recent report The Fictiv 2021 State of Manufacturing report has shown that many companies are in the process of becoming more digitally proficient and organized. It ties into the ERP system where quotes and purchase orders are managed. IM&E companies need to start looking at digitizing operations. Operations.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

Locus

MAY 20, 2024

This blog delves into essential acronyms and abbreviations, from BOPIS to WISMO, that are pivotal for optimizing supply chains and elevating customer satisfaction. In a way, this model is a win-win as it saves return logistics costs for retail businesses. Read Also: FMCG Sales Beat – Insight Report 23.

Inventory Reduction 98

Inventory Reduction Logistics Network Optimization Software Cost Reduction Optimization Software 98

SYSPRO Smarter ERP

NOVEMBER 1, 2022

An ERP system provides an opportunity to create intelligent, analytics-driven and next-generation supply chains. . Replacing a legacy system – one that was manually managed – with increased functionality and analytics will allow best practise material management throughout the company. A system overhaul for smart factory.

ERP 98

ERP Supply Chain Planning Software Factories Supply Chain Software 98

Kuebix

SEPTEMBER 20, 2019

E-commerce platform Yotpo reported that 88% of fashion shoppers surveyed have returned fashion items purchased online in the […]. While they have always been an integral part of shopping, online orders are significantly increasing their presence in the retail and e-commerce industries.

Procurement Analytics 114

Procurement Analytics Survey Purchasing Logistics Network Optimization Software 114

SYSPRO Smarter ERP

APRIL 6, 2023

In this blog post, we’ll explore some of the common issues that manufacturers face in their AP process and how automation software integrated with an ERP can help address them. Your employees may spend hours manually entering data into your accounting system and matching invoices to purchase orders.

Manufacturing Procurement 98

Manufacturing Procurement Automation Vendor Strategies Procurement Solutions 98

FreightWaves SONAR

FEBRUARY 11, 2021

As reported by DC Velocity , “the 2020 Fleet Advantage Industry Benchmark Survey noted, “11% of transportation fleets estimate they have saved more than $1 million in crash avoidance by upgrading to newer trucks with advanced safety features.” Financial insight feeds into equipment purchasing decisions. Request a SONAR Demo.

Procurement Analytics 98

Procurement Analytics Trucking Operations Optimization Software 98