Logistics Bureau

OCTOBER 29, 2020

Of course, benchmarks and benchmarking can cover all kinds of different things, at work or elsewhere. Suppose you wanted to be the fastest runner in the world, for example. Those levels are “benchmarks”. The first thing you’d want to know is “what is the benchmark?” meaning “what speed do I have to beat to be the fastest?”

Supply Chains 114

Supply Chains How To Scenario Planning Cost Reduction 114

Logistics Bureau

OCTOBER 10, 2022

For example, you can optimise for cost, profit, or service, but not for all of them. For example, inaccurate forecasts typically lead to: Overstocking — a problem that ties up working capital and can lead to inventory obsolescence. Let’s explore a quick example of the relationship between supplier lead times and inventory levels.

Inventory Reduction 127

Inventory Reduction Inventory Optimization Modeling Optimization Software 127

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 118

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 118

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. Walmart may be the most famous example of a company that has succeeded primarily because of a well-developed and aligned supply chain strategy. Developed a process of excellence in supply chain collaboration. Mini Case Study: Walmart.

Supply Chain Design Software 133

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 133

Logistics Bureau

NOVEMBER 29, 2024

So everything in the retailer’s Supply Chain strategy needs to be focused on the customer, and of course the shareholders, that goes without saying. Well that of course depends on the type of retailer we’re talking about. Quality is of course a given. That’s why retailers place so much focus on buying well.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 90

Logistics Bureau

DECEMBER 20, 2021

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. So to return to Company A in the previous example, the calculation would be as follows: 365/6.76 = 53.99. Total value of inventory = $50,000,000.

Inventory Reduction 118

Inventory Reduction Inventory Cost Reduction Purchasing Skills 118

Logistics Bureau

JANUARY 9, 2019

Of course, it is helpful to have some statistics on hand to validate the statement above. Walmart may be the most famous example of a company that has succeeded primarily because of a well-developed and aligned supply chain strategy. Developed a process of excellence in supply chain collaboration. Mini Case Study: Walmart.

Supply Chain Design Software 118

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

Logistics at MPEPS at UPV

MARCH 29, 2023

You may think I am crazy or I have too much free time, but… I actually track the goods I buy and the stock of essentials on an excel sheet. For example, I decided to always have in stock at least 5 bottles of 8L of water or to have 1 kg of lentils. Continue reading to find out how I do it. Consumption list.

Inventory 52

Inventory Eliminating Excel in Purchasing Purchasing Skills Exercises 52

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

Logistics Bureau

APRIL 3, 2023

So, for example, outsourcing sales activity is not typically a good idea if yours is a retail sales company. But, of course, what those circumstances are is for you to decide. But just because you can outsource it all doesn’t mean you should. Without further ado, then, let’s move on so I can fulfil the promise above.

Outsourcing 117

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 117

Logistics Bureau

NOVEMBER 14, 2018

Thus, if you find out that an expensive transport solution (courier for example) is routinely being used to deliver a low margin product to a customer, you’ll understand that much better if the end result for you turns out to be a loss. It can of course also be used to make an already profitable relationship even more profitable!

Purchasing Skills 112

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 112

Logistics Bureau

DECEMBER 6, 2024

This is nothing new of course. No retailer or producer for example, wants to be implicated in a consumer health scare resulting from poor quality-management in their supply chain. Here produce might sit in environments where temperature is not controlled, while waiting for customs clearance , for example.

Supply Chain Design Software 91

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

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. Of course, you can always mix and match. Business-to-Business (B2B). eCommerce Business Models. White Labeling. Let us know!

eCommerce 98

eCommerce Modeling Inventory Reduction Cost Reduction 98

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

Logistics Bureau

JANUARY 21, 2020

In this retrospective of the highs and lows of the year, learn which retailers excelled, and which ones looked like they might be struggling in the fiercely competitive online retail arena. For example, the seemingly unstoppable Amazon surprised pundits by reporting lower year-on-year profits in the third quarter of 2019. .

Inventory Reduction 71

Inventory Reduction Cost Reduction Expense Reduction eCommerce 71

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. Listen and Learn.

Supply Chain Planning Software 98

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

GlobalTranz

JANUARY 9, 2019

Editor’s Note: This article is from Steve Bettwy , Vice President – Quality and Business Continuity, Operational Excellence, and Continuous Improvement at Direct Supply. Of course, along with that comes a lot of products that need delivering. Two thirds of American households buy from Amazon.

Training 74

Training Freight Eliminating Excel in Purchasing Modeling Software 74

United World Transporation

MAY 20, 2021

The IFTA fuel tax decal costs only $2, but you’ll need to track the amount of fuel purchased and mileage a truck traveled in each state. Of course, you’ll also need to make sure that each driver has a CDL license and endorsements. For example, an H endorsement is for hazmat.

Purchasing Skills 77

Purchasing Skills Trucking Eliminating Excel in Purchasing Material Savings 77

Logistics Bureau

AUGUST 1, 2022

More to the point, though, for S&OP to be effective, it matters not whether a company uses Excel spreadsheets or the latest best-of-breed sales and operations planning software. So, for example, the Head of Supply might be the Supply Chain Director, Supply Chain Manager, or another non-executive supply chain management specialist.

Supply Chain Planning Software 118

Supply Chain Planning Software Scenario Planning Operations Supply Chain Design Software 118

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

Ship Monk

FEBRUARY 12, 2024

Basically you need to provide info on everything people buying your products could potentially want to know in order to make an informed decision. Potential customers also value opinion when bridging the gap from browse to buy. A strong customer service game before a purchase is made can help reduce returns. Think about it.

Inventory Reduction 59

Inventory Reduction Material Savings eCommerce Resource Reduction 59

Stord

MAY 15, 2024

Customer satisfaction hinges on more than just the quality of the products purchased; it's also deeply influenced by the efficiency and reliability of the delivery process. When customers hit 'purchase,' they're not just buying a product; they're buying an experience — one that includes a swift and smooth delivery process.”

Sourcing Strategies 78

Sourcing Strategies Logistics Network Optimization Software Supply Chain Design Software Packaging 78

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

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. A warehouse benchmarking exercise is an excellent way to start the quest for improvement opportunities.

Cost Reduction 118

Cost Reduction Purchasing Skills Waste Reduction Material Savings 118

Conger

MARCH 19, 2021

Whether you should lease or buy a forklift. Forklift Leasing vs. Buying: 5 Factors to Help You Decide Which Is Best For You. Pros and Cons of Leasing and Buying a Forklift. The date your lease agreement ends and you either turn in your lift truck, re-lease it, or purchase it. Forklift lease prices. Let's dive in!

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Purchasing Skills Manufacturing Procurement Procurement Analytics 52

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. And it’s of course fun and rewarding to be able to help those who are really in trouble.

Automation 49

Automation Optimization Software Eliminating Excel in Purchasing Inventory Reduction 49

ShipLilly

FEBRUARY 8, 2023

Consumers are preparing for challenging times by buying and spending less. Yet, consumers still demand excellent consumer experiences, such as delivery on time and in excellent shape. Of course, this is only possible with goods with a long expiry date. That means that those who ordered more stock are stuck with excesses.

Inventory Reduction 52

Inventory Reduction Inventory Handling Price Reduction 52

Logistics Bureau

MARCH 14, 2018

In addition, while rivers and mountains stay where they are, other geographical features, like conurbations, change over time; associated factors such as labour availability and customer buying habits may change even faster. Premium orange juice for example has a storage life of about 65 days. Tropicana Products, Inc.

Supply Chain Software 92

Supply Chain Software Warehousing Automation Supply Chain Design Software 92

Ship Monk

OCTOBER 24, 2023

Confused and unimpressed customers don’t click BUY. Sometimes prospective customers can be torn between buying the product they’re after from one seller vs. another. So incentivize buyers who don’t send items back (and therefore are likely satisfied with their purchases) to leave reviews for your brand.

eCommerce 64

eCommerce Eliminating Excel in Purchasing Procurement Solutions Buyer Training 64

Logistics Bureau

JANUARY 21, 2025

Of course, benchmarks and benchmarking can cover all kinds of different things, at work or elsewhere. Suppose you wanted to be the fastest runner in the world, for example. It will also show you the metrics at which those companies excel along with their actual results, giving you the ability to set a new, higher target.

Supply Chains 48

Supply Chains Scenario Planning Cost Reduction Expense Reduction 48

GlobalTranz

SEPTEMBER 19, 2016

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. Cooling towers are an excellent way to contribute to reducing your facility’s environmental footprint.

Manufacturing Procurement 87

Manufacturing Procurement Material Savings Resource Reduction Industry 87

Trans Global Auto Logistics

FEBRUARY 10, 2022

However, before you start buying vintage cars , it’s critical that you understand how to go about investing in classic cars correctly. Here’s a rundown on everything you need to know about buying vintage cars in 2022. The great news about buying vintage cars is that it’s not something that only wealthy investors can do.

Tips 52

Tips Eliminating Excel in Purchasing Logistics Network Optimization Software Packing 52

Logistics Bureau

OCTOBER 19, 2020

Of course, benchmarks and benchmarking can cover all kinds of different things, at work or elsewhere. Suppose you wanted to be the fastest runner in the world, for example. Those levels are “benchmarks”. The first thing you’d want to know is “what is the benchmark?” meaning “what speed do I have to beat to be the fastest?”

Supply Chains 62

Supply Chains How To Scenario Planning Cost Reduction 62

Logistics Business Magazine

NOVEMBER 16, 2022

Brands and retailer use their ERP systems, forwarders use proven transport management systems (TMS), logistics companies operate warehouse management systems (WMS), and the suppliers often stick to their Excel spreadsheets. This also applies to sourcing, buying and supply chain management.

Logistics Network Optimization Software 61

Logistics Network Optimization Software Supply Chain Software Optimal Sourcing Sourcing Strategies 61

Freightos

MARCH 23, 2016

In this guest post, Kevin Everson the Vice-President of Supply Chain Solutions at RMG Networks , investigates two examples of driving more supply chain value with logistics big data and data visualization. Data Visualization Example #1: Mobile Mastery. Data Visualization Example #2: Seeing is Believing. Fundamental Feature.

Data 54

Data Logistics Network Optimization Software Supply Chain Software Modeling Software 54

3PL Links

JANUARY 31, 2023

Track stock Of course, the first thing to consider is whether or not the stock is being monitored. Using a manual pen and paper Using Excel or a similar software on a PC With a WMS system that continuously monitors the stock Your needs will determine which method you prefer. There are various methods for tracking inventory.

Inventory Reduction 62

Inventory Reduction Inventory Tips Expense Reduction 62

Logistics Bureau

OCTOBER 11, 2021

The first steps, of course, are to understand the challenges you face, prioritise them for action, and consider the resources and help you need to meet and overcome them. There are, of course, several ways to achieve a logistics knowledge infusion. Where to Access the Knowledge You Need. How to Improve Product Availability.

eCommerce 62

eCommerce Supply Chain Planning Software Negotiating Skills Material Savings 62