Logistics Bureau

JULY 11, 2022

These KPIs should all be applicable to your supply chain operation, subject to some tweaking to reflect the precise characteristics of your inbound logistics and purchasing functions. This measurement will require data from the purchase orders placed by your buyers, and that from your receiving operation. Supplier performance = 94%.

Procurement Analytics 108

Procurement Analytics Procurement Solutions Purchasing Skills Inbound 108

Logistics Viewpoints

JUNE 8, 2022

For example, in a recent CNBC interview Ben Bernanke noted that the Federal Reserve likely looked at the unemployment rate and total employment in early 2021 and inferred that there was plenty of slack in the labor market. For example, interest rate hikes tend to deter lower priority investments and those that require debt financing.

Scenario Planning 148

Scenario Planning Analysis Events Purchasing Skills 148

Logistics Viewpoints

FEBRUARY 7, 2022

More SKUs available from local warehouses could also mean quicker replenishment cycles parts that are purchased infrequently. The parts that provide the personalization – a sun roof on a car versus a standard roof, for example – often do not need to be made at scale. This vision has not been realized.

Manufacturing Procurement 144

Manufacturing Procurement Supply Chain Design Software Supply Chain Software Supply Chain Design 144

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. Of course it is, right? The first is obvious—their business. Let’s find out the TOP 10 now!

eCommerce 105

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

Logistics Bureau

OCTOBER 1, 2024

I was going to say poor but inappropriate purchasing policies. You know, you’ve got to try and balance that purchase quantity versus purchase frequency and look at the total cost of ownership of inventory, not just the purchase price. Well, a lot of it is related to inventory management. It could be inappropriate.

Capacity 88

Capacity How To Sorting Purchasing Skills 88

Ship Monk

APRIL 5, 2024

Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. For example, evaluate processes including invoicing, payment, tech integrations, communications, timely approvals, and customer service responses. End relationships with uncooperative vendors whose goods can easily be purchased elsewhere.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

Logistics Business Magazine

DECEMBER 13, 2023

Christmas Panic Robert concluded: “A broader choice of delivery options can of course mitigate some of this panic, with many consumers looking for faster options to ensure that they get their products in good time, leaving more time for merriment and less time for stressful shopping and travel.”

Training 65

Training Course Availability Analysis 65

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 116

Conference Supply Chain Planning Software Optimization Software Scenario Planning 116

Logistics Business Magazine

OCTOBER 25, 2022

Returning goods has become as an established part of shopping as buying them, since being accelerated during the era of growth in online shopping, where goods are purchased without being tried. Clothing topped the list of items people shop for by far, with almost a third of purchases returned (32%). Shoes come next (15%).

Cost Reduction 58

Cost Reduction Inventory Reduction Purchasing Skills Procurement Solutions 58

Logistics Bureau

NOVEMBER 3, 2024

Of course, it is helpful to have some statistics on hand to validate the statement above. Mini Case Study: Walmart Walmart may be the most famous example of a company that has succeeded primarily because of a well-developed and aligned supply chain strategy. If you want business success (and who doesn’t?),

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 82

Ship Monk

JUNE 16, 2023

Retargeting and Reminders Fact: customers who create loyalty programs with your ecommerce brand are more likely to make purchases in the future. For instance, if you purchase under $100 from an ecommerce brand’s online store in a year you receive a 10% birthday coupon. This is just one example of how a tier system can be structured.

eCommerce 52

eCommerce Purchasing Skills Procurement Solutions Purchasing 52

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 115

Inventory Reduction Inventory Optimization Modeling Optimization Software 115

Logistics Viewpoints

APRIL 10, 2023

For example, pickleball has been the fastest growing sport in America for 3 years. Or, alternatively, a company carries too much inventory, storage for excess inventory must be purchased, and cash flows become tight. An example of a branding concept involves the work the company did with Kerri Lee Walsh Jennings. Jennings’ name.

Supply Chains 132

Supply Chains Security Scenario Planning Manufacturing Procurement 132

Ship Monk

FEBRUARY 3, 2024

These people are genuinely interested in your product — so much so, that they have purchased your products. Your products are different, your sales cycle might be longer or shorter, your customers are different — so it’s useless to compare your conversion rate, for example, to an industry average. How Often This is tricky.

eCommerce 105

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 105

Ship Monk

JANUARY 11, 2024

Of course, the opposite is also true — when handled poorly, returns can hurt your brand. Today we’re going to talk about what you can do, before and after the purchase, to mitigate the damage returns can have on your brand. Let’s take apparel, for example. the cost of goods sold). And this applies to every sales channel.

Procurement Solutions 110

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 110

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed.

Negotiating Skills 90

Negotiating Skills Purchasing Skills Cost Reduction Analysis 90

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 at MPEPS at UPV

MARCH 29, 2023

For example, I decided to always have in stock at least 5 bottles of 8L of water or to have 1 kg of lentils. It’s a 56 rows tables, I’ll just paste a demo screenshot: As a conclusion, I found out that my monthly Mercadona purchase is around 150€, considering that I live alone and take care of all my house chores by myself.

Inventory 52

Inventory Eliminating Excel in Purchasing Purchasing Skills Exercises 52

Blue Grace Logistics

MAY 25, 2021

Innovation drives consumer markets and purchasing habits. If anything, that pace has only quickened due to the global pandemic as more and more consumers turned to online shopping to purchase goods during the lockdowns. Of course, there is the question of, “Why bother?” Clothing is a perfect example. Census Bureau.

Cost Reduction 62

Cost Reduction Purchasing Skills Procurement Solutions Purchasing 62

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 146

Purchasing Skills Procurement Analytics Logistics Network Optimization Software Optimal Sourcing 146

Trinity Logistics

AUGUST 23, 2024

The LTL carriers have course-corrected their capacity concerns. The purchased terminals and trailers meant increased footprint and capacity, which can be the difference between being the best and the biggest for LTL carriers. YRC’s freight volume has dispersed, and the dust has settled. Don’t worry, they were quickly resolved.

Industry 108

Industry Purchasing Skills Negotiating Skills Logistics Network Optimization Software 108

Logistics Bureau

NOVEMBER 11, 2024

That’s probably one of the first differences you’d notice between a warehouse of today and that of 25-plus years ago – and of course it’s down to technology. That’s just what we’re seeing here, a prime example of how even more people are being displaced from the warehouse environment by technology. Robotic Opportunities for All?

Supply Chain Software 94

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 94

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 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

Ship Monk

APRIL 28, 2023

Of US adults surveyed , 69% say environmental impact is important when making a purchasing decision. Teach them how purchasing from you makes them a part of that positive mission. Consider the clothing industry as an example. Tell customers what you are supporting and why. Clearly explain cause and effect. We hope you do!

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

Ship Monk

SEPTEMBER 10, 2024

Live Shopping – The integrated in-app checkout feature that allows the discovery and purchase process to take place, thus streamlining the buyer journey and shortening the purchase funnel. The curated collections can be grouped based on theme or category (for example: cute clutches for a night out or must-have tech for travel ).

eCommerce 63

eCommerce Video Logistics Network Optimization Software Modeling Software 63

Logistics Viewpoints

NOVEMBER 21, 2022

Those brands include Pepsi, of course, but also Lay’s, Quaker, Doritos, Cheetos, and Gatorade. Scope 2 emissions are indirect emissions from purchased energy. One example is pep+ REnew in partnership with Schneider Electric. For example, on many large farms, mechanical tractors till the land.

Food and Agriculture 123

Food and Agriculture Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 123

Ship Monk

OCTOBER 22, 2024

You like it, you deem it worth the $30 you’d be paying, you purchase it. Complications In situations like the above example, if a customer decides they don’t want to pay the duties and tariffs on an order because the total is no longer a reasonable price for the product, one of three things happens.

Procurement Solutions 71

Procurement Solutions Purchasing Skills eCommerce Price Reduction 71

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 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 116

GlobalTranz

APRIL 6, 2021

For example, many supply chain resiliency plans may have considered a health crisis in which organizations and key partners face lower-than-normal staffing levels. For example, hand sanitizer sales spiked 313% during one week in February 2020, according to reports from Nielsen. 2020 Was A Year Of Supply Chain Disruption. Overall, U.S.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Supply Chains Manufacturing Procurement 75

Logistics Bureau

MAY 30, 2022

For example: Alignment of strategy and cost leads to happy shareholders. As an example, let’s say that as a part of its customer service promise, your company guarantees its customers that they will receive their orders within 24 hours. Why does the C-suite want the three pillars aligned?

Inventory Reduction 113

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 113

Ship Monk

APRIL 4, 2023

Meanwhile, if a shipping label is incorrect (in terms of sender or receiver information), blurred, or even peeled slightly, an order can easily veer off course. Of course (see what we did there?) ShipMonk, for example, works with a range of shipping carriers to extend our delivery network to reach customers far and wide. #6

Packaging 98

Packaging Tips eCommerce Inventory Reduction 98

Logistics Bureau

JUNE 5, 2023

If you can’t see any apparent opportunities, ask yourself if it’s possible to create some, for example, by splitting the workload into shifts , enabling your vehicles to operate around the clock and reducing the time they spend parked up. You could look for a training organisation that offers train-to-train courses.

Cost Reduction 74

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 74

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 93

Inventory Reduction Inventory Cost Reduction Purchasing Skills 93

Logistics Bureau

AUGUST 7, 2023

Standardise and Digitise The key to managing complexity, of course, is to be organised. 2) A need for variants of products that are more suitable for online ordering and shipping than those suited for in-store sales (leak-proof packaging, for example). Try to establish consistency in the identification of your company’s products.

Inventory Reduction 91

Inventory Reduction eCommerce Inventory Procurement Solutions 91

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

Logistics Bureau

MAY 3, 2021

With all that in mind, I thought I’d share some examples of the highs and lows of online and in-store retail that enterprises have endured between late 2019 and early 2021, and highlight some of the most notable changes in the retail supply chain arena during that period. The Dark Store Trend. Which Retailers Are Into Dark Stores?

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 71

ShipLilly

FEBRUARY 8, 2023

Of course, this is only possible with goods with a long expiry date. For example, some businesses could position themselves as the source for hard-to-find items that have not been recently stocked by most rivals. For example, companies should move away from over-purchasing even if there are optimistic projections for demand.

Inventory Reduction 52

Inventory Reduction Inventory Handling Price Reduction 52