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

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Of course, the human controlling capacity for actual AI is still far from realistic, but the concept of a superior AI did make strides this year. Artificial Intelligence.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

Logistics Bureau

APRIL 4, 2022

The answer is to benchmark your freight, of course. It will also make it easier to determine, for example, if you should opt for contract rates over spot rates or vice versa. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool.

Negotiating Skills 96

Negotiating Skills Logistics Network Optimization Software Purchasing Skills Supply Chain Planning Software 96

Logistics Bureau

JULY 27, 2016

Regardless of advances in business analytics therefore, I still advocate a measured approach to measurement (pun intended), by way of a carefully chosen handful of KPIs which are meaningful and actionable. Supplier Performance Metrics for Every Organisation. SEE ALSO: How to Address Chronic Poor Supplier Performance.

Procurement Analytics 40

Procurement Analytics Procurement Solutions Purchasing Skills Inbound 40

Ship Monk

APRIL 5, 2024

The fact is, most business owners think of procurement as nothing more than a transactional relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. End relationships with uncooperative vendors whose goods can easily be purchased elsewhere. Regular meetings or reports?

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. . Accurate and timely reconciliation of purchase orders with receipts.

Supply Chain Planning Software 113

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 113

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 Bureau

JANUARY 3, 2025

Of course, it can add up to a vast pool of data, so realistically, access to advanced modelling and analytics tools will be essential to get the most value from it. Its worth remembering, for example, that secondary distribution tends to generate higher transportation costs than primary distribution.

Supply Chain Design Software 75

Supply Chain Design Software Supply Chain Design Distribution Networks 75

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

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? And when we feel uncertain, humans tend to look for examples of what others in our situation have done. We’ll give you some examples of social proof, and we’ll even rank them in terms of trustworthiness. What is Social Proof?

eCommerce 105

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 105

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals.

Supply Chain Planning Software 98

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

The Lean Thinker

DECEMBER 14, 2023

Of course that implies that we (our community) is still largely stuck in the same groove we were a decade ago. It took four 11×17 (A3 size) sheets taped together to depict what happened as raw steel came in one end of the building and was cut, bent, welded, painted, and assembled with purchased components into the final product.

Outsourcing 195

Outsourcing Factories Exercises Procurement Analytics 195

GlobalTranz

AUGUST 20, 2018

Data analytics can be applied to virtually any supply chain process, and analytics hold great value in managing retail supply chains. Defining retail needs is not an easy process, but data is king and can help companies sift through the needs and wants of customers, reports Arthur Zaczkiewicz of WWD.

Procurement Analytics 48

Procurement Analytics Supply Chain Design Software Data Manufacturing Procurement 48

Logistics Bureau

DECEMBER 20, 2021

The one thing they all have in common is that, under the right circumstances, they are more than merely valuable metrics. The inventory turns KPI is the metric that provides this information. Inventory Turns: An Illustrative Example. 1: Inventory Turns. 1: Inventory Turns.

Inventory Reduction 98

Inventory Reduction Inventory Cost Reduction Purchasing Skills 98

SYSPRO Smarter ERP

NOVEMBER 3, 2021

can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES). Freight bill accuracy : Whether shipping from factory to warehouse, or to the customer, this metric helps identify problems in billing operations.

Manufacturing Procurement 105

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

GlobalTranz

JUNE 30, 2017

In other words, manufacturers need analytics from point-of-sale systems, transportation metrics and more. Essentially, this creates a stronger level of customer service, and it can turn into additional purchases. For example, a customer is a shoe store may purchase shoes, but if offered a new brand of socks, he or she refuses.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics After-sales Price Reduction 82

Logistics Viewpoints

APRIL 13, 2022

Of course, virtually everyone relied upon direct-to-consumer fulfillment at some point during the COVID-19 lockdowns, placing widespread reliance on warehousing capabilities. As a telling example, one document was titled, “ Employer’s Fourth Motion to Extend Time for Filing of Statement of Position.” Yes, fourth motion.

Purchasing Skills 109

Purchasing Skills Procurement Analytics Logistics Network Optimization Software Optimal Sourcing 109

Log-hub

DECEMBER 10, 2024

High Cost and Complex Processes Managing returns requires additional expenses for transportation, storage, and labor. Furthermore, the process involves sorting, inspecting, and determining the best course of action for each item, which demands significant time and effort. This improves efficiency and reduces waste.

Reverse logistics 40

Reverse logistics Supply Chain Planning Software Waste Reduction Logistics Network Optimization Software 40

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. A procurement specialist can help you source raw materials, components, or (if your company is not a manufacturer) finished goods more efficiently.

Outsourcing 98

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 98

Logistics Viewpoints

MAY 25, 2022

Of course, change is always occurring. Brian provided some specific omni-channel examples with easy to envision benefits. The ability for a consumer to buy an item online, then come into the store and add to that transaction or to exchange the online purchase at the store. The topic of change is certainly as relevant as ever.

Conference 104

Conference Supply Chain Planning Software Optimization Software Scenario Planning 104

Material Handling and Logistics

AUGUST 31, 2018

Of course, the investment is intended to impact the bottom line, but when employees feel that their organization cares about them and wants to make their lives better, they want to reciprocate and are more invested in the organization’s success. To simplify the issue, just think about how you can help current employees be successful.

Supply Chain Design Software 145

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

Logistics Bureau

DECEMBER 6, 2024

Indeed, gamification is becoming an increasingly popular feature across the entire supply chain, from procurement to last-mile delivery. Essentially, gamification is just an expansion of the use of metrics and KPIs to measure human performance. But is gamification really a responsible approach to improving supply chain performance?

Supply Chain Design Software 73

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

GlobalTranz

NOVEMBER 18, 2016

Since the digital universe will expand to more than 40 trillion gigabytes by 2020, reports Jim Taylor of Inbound Logistics , future possibilities through big data may not even be fathomable. Predictive analytics capabilities within big data will help more organization improve production without increasing operating costs.

Supply Chain Planning Software 89

Supply Chain Planning Software Data Material Savings Manufacturing Procurement 89

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. Walmart may be the most famous example of a company that has succeeded primarily because of a well-developed and aligned supply chain strategy.

Supply Chain Design Software 111

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

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. This vision has not been realized.

Manufacturing Procurement 113

Manufacturing Procurement Supply Chain Design Software Supply Chain Software Supply Chain Design 113

Freightos

OCTOBER 26, 2020

The free report is available in PDF with supporting spreadsheets and high-resolution infographics here. Other sources reported that DB Schenker was not the only forwarder making this shift. The shift to full end-to-end integration, of course, leaves no one else in the middle. Maersk 2019 Annual Report.

Logistics Network Optimization Software 134

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Price Reduction 134

Ship Monk

MARCH 4, 2021

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. Of course, there are always exceptions, as was the case with Pokémon Go, which relied on augmented reality to woo millions of fans around the globe.

eCommerce 97

eCommerce Eliminating Excel in Purchasing Modeling Software Procurement Analytics 97

Logistics Bureau

DECEMBER 9, 2019

Of course, there can be no stronger motivation than legislation, but money comes a very close second, and the potential cost savings offered by the circular supply chain are substantial. Meanwhile, more third-party agencies and organisations, including governments, are pushing the sustainability agenda.

Supply Chain Software 111

Supply Chain Software Logistics Network Optimization Software Supply Chains Trends 111

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. The first is obvious—their business. The second, which is less obvious, is their trust.

eCommerce 105

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

GlobalTranz

MAY 4, 2016

Most industry experts rate the cost of logistics as very costly. Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Freight Management KPIs are undoubtedly the most important metrics to track and understand.

Freight 60

Freight Procurement Analytics Sourcing Strategies Cost Reduction 60

GlobalTranz

JULY 14, 2015

For example, a subtle change in hydraulic pressure may still permit the machine to operate. However, over the course of several months, this slight change in pressure could cause permanent damage to the machine, or it may cause additional problems for other aspects of the manufacturing process. Automated Data Transfers.

Supply Chain Software 103

Supply Chain Software Supply Chains Manufacturing Procurement Scenario Planning 103

Logistics Viewpoints

NOVEMBER 21, 2022

Those brands include Pepsi, of course, but also Lay’s, Quaker, Doritos, Cheetos, and Gatorade. 294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021. Scope 2 emissions are indirect emissions from purchased energy. PepsiCo’s Internal Supply Chain.

Food and Agriculture 103

Food and Agriculture Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 103

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

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. For the lawn care sector, for example, you’ll want to connect with brokers who specialize in the field. inside and out.

Negotiating Skills 98

Negotiating Skills Buyer Training Purchasing Skills Modeling Software 98

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. Those expenses can increase the cost to serve by a considerable amount. For a large parcel, that difference can double.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 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 103

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 103

Logistics Viewpoints

JULY 12, 2024

Vessels are expected to seek shelter/alter their course to avoid the impacted areas,” Maersk, the world’s No. For example, the grocer released its first report on corporate social responsibility efforts last year. An earlier system included waves peaking at 10 meters (32.8 2 container carrier, said in an advisory.

Material Savings 122

Material Savings Waste Reduction Resource Reduction Logistics Network Optimization Software 122