EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. Uncertainty is all but guaranteed in 2021 – the best course of action is to mitigate whatever risks you can.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Morai Logistics

OCTOBER 14, 2020

This article by Morai Logistics covers 5 steps companies should be taking in order to make their reverse logistics process more successful. The post Reverse Logistics: The 5 Keys to a Successful Strategy appeared first on Morai Logistics Inc. Figure out the why Behind Returns. Returns shouldn’t be a mindless process.

Reverse logistics 78

Reverse logistics Cost Reduction Strategy Logistics Network Optimization Software 78

Logistics Viewpoints

SEPTEMBER 6, 2023

My first impression at that time was the mental image it provoked – a delivery truck pulling up to my house and placing a package that I hadn’t ordered on my front door, but ultimately decided to keep. But a disadvantage compared to physical stores was the wait time between ordering and receipt of merchandise.

Inventory Reduction 164

Inventory Reduction Purchasing Skills Cost Reduction Modeling Software 164

Logistics Viewpoints

APRIL 6, 2021

There’s no single formula or guide because every company is different, but here are a few strategies that have proven successful for companies across a range of industries. Is it your current order management or warehousing processes that are standing in the way? Track how well you’re able to deliver on the perfect order.

Inventory Reduction 103

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 103

Logistics Bureau

MAY 30, 2022

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. Aligning strategy, service, and financial factors in your supply chain operation is essential to support your company’s overall business strategy , mission, and objectives. The Importance of Alignment.

Inventory Reduction 117

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 117

Logistics Viewpoints

OCTOBER 4, 2021

Service is calculated as the difference between orders and shipments, divided by shipments. In other words, if manufacturers cannot deliver everything that retailers are ordering, then there is a service failure. The math is simple, a 13% reduction in service over the course of a year translates to a 13% drop in sales.

Inventory Reduction 153

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Cost Reduction 153

Logistics Viewpoints

JULY 28, 2022

The difficulties are pushing companies to come up with creative strategies that help encourage employees to find on-the-job fulfillment. After the item is scanned, the robot confirms if the order is correct or not, then moves on to the next task. One such tactic is the implementation of robotics and gamification in a warehouse setting.

Supply Chain Design Software 171

Supply Chain Design Software Sourcing Strategies Supply Chain Software Material Savings 171

Ship Monk

MAY 5, 2022

There are a few different ways to go about the big move, so it’s a matter of choosing the strategy that keeps your sales and fulfillment operations flowing smoothly throughout the transition. Most companies employ one of the following three strategies: Strategy 1: “Hard Switching” from Your Previous 3PL. Taking the Plunge.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction 3PL 52

GlobalTranz

NOVEMBER 10, 2016

There is nothing quite like the ease of ordering things online. Unfortunately, millions more will still go to brick-and-mortar stores to find those special items, and the push toward online and omnichannel ordering will continue grow, which is why it is increasingly important to invest in eCommerce Warehousing.

Warehousing 102

Warehousing eCommerce Resource Reduction Cost Reduction 102

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. We’ll begin with a look at pricing strategy. Do You Lack Confidence in Your Pricing Strategies? It’s unlikely, however, that the effects of your pricing strategies are quite that simple.

Negotiating Skills 103

Negotiating Skills Purchasing Skills Cost Reduction Analysis 103

ShipLilly

NOVEMBER 1, 2021

Early planning and paying attention to the warning signs will be the key to fulfilling your orders and keeping your customers happy. If any of the following circumstances apply to you currently or are likely to apply to you soon, it is time to plan for possible outsourcing: Are you dealing with more than 100 orders in any 30-day period?

Outsourcing 98

Outsourcing Price Reduction Cost Reduction Resource Reduction 98

Logistics Viewpoints

FEBRUARY 28, 2022

In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” QAD and Noodle.ai are among several suppliers working in this area. Final Thoughts.

Supply Chain Planning Software 182

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 182

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. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Increasing order efficiency. Demand forecasts.

Supply Chain Design Software 115

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

Ship Monk

MARCH 30, 2024

Just as online shoppers have a lot of choices when it comes to where to take their business, ecommerce brands have many options for where to take theirs in terms of order fulfillment. While there are plenty of 3PLs out there that your ecommerce brand could consider for its order fulfillment needs, not all are equal.

3PL 105

3PL Supply Chain Design Software Optimization Software Supply Chain Software 105

Freightos

SEPTEMBER 26, 2016

Overcapacity Could Be Maersk’s Salvation … and Strategy. And it seems pretty clear that this strategy will continue to be their path forward. Twenty such ships were ordered. Nearly 13% of the world’s TEU capacity on the order book belongs to Maersk. This isn’t a new strategy. billion in 2014.

Cost Reduction 94

Cost Reduction Price Reduction Purchasing Skills Logistics Network Optimization Software 94

Logistics Bureau

AUGUST 2, 2021

Purchase Order Cycle Time. Purchase order cycle time is a KPI that measures the elapsed time between raising a requisition request and the transmission of the purchase order to the vendor. Cost per Purchase Order and Cost per Invoice. Calculate it as a ratio of emergency purchases to total purchases for a given period.

Procurement Analytics 118

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 118

Ship Monk

APRIL 30, 2024

Order Management This is the most important element of ecommerce software. Every part of the fulfillment process from BUY to delivery is critical and the platform responsible for those orders needs to be able to track them at every stage while keeping you updated with complete visibility. How much do I order?

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 105

Logistics Bureau

NOVEMBER 28, 2024

Now before you write off my statements as something you already knew, here’s a fact you might not be so familiar with: For your last mile services to compete successfully, you need to ensure that your entire supply chain (or at least the parts you can reasonably control) is set up to support a winning last-mile strategy.

Supply Chain Planning Software 80

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 80

Logistics Viewpoints

AUGUST 22, 2023

That’s when you can course correct in any number of ways that make your business more efficient and your customers happier. And modern, API-first data strategies have vastly improved portability, ensuring data can be easily moved and shared between any cloud and any application. In other words, visibility is an enabler.

Supply Chain Planning Software 124

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 124

Ship Monk

JANUARY 29, 2024

Within the course of one online chat, an isolated email response, or a single phone call, someone who bought from your ecommerce brand can be influenced whether or not to buy from you again. Remember, when it comes to ecommerce brand orders, there’s no such thing as over communication. No need to imagine if you over communicate.

eCommerce 105

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

3PL Links

OCTOBER 17, 2023

7 Efficient Strategies to Mitigate Risks in the Supply Chain | Image source: Pexels Issues with suppliers, calamities that occur naturally, data breaches, health issues, or security issues. It is possible to distribute risks and, of course, lessen the effect that a supplier issue could have on production by expanding this base.

Sourcing Strategies 48

Sourcing Strategies Resource Reduction Cost Reduction Supply Chains 48

Ship Monk

JUNE 24, 2021

After countless hours spent on market research, product development, and branding, order fulfillment may seem like an afterthought. Regardless of how you slice it, a solid order fulfillment strategy is the backbone of your business. #2. My Fulfillment Strategy Is Too Complicated for a 3PL. Outsourcing Isn’t SMB-Friendly.

Outsourcing 96

Outsourcing Expense Reduction Inventory Reduction Resource Reduction 96

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. What’s wrong with this picture?

Supply Chain Design Software 131

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 131

Parade

MARCH 3, 2021

Freight brokers and 3PLs are exposed to risks on both the buy and sell sides: Depending on the supply chain, the process can involve multiple intermediaries: shipping lines, trucking companies, and charter companies, in addition to insurance firms and, of course, the customer who winds up receiving the goods. Key Features: Basic Auditing.

Supply Chain Software 148

Supply Chain Software Supply Chain Planning Software Resource Reduction Cost Reduction 148

Ship Monk

APRIL 4, 2023

It’s been a while since you placed your ecommerce order so it seems like it may be time to face facts. In fact, there are many steps you can take before an order ships to make sure it doesn’t go adrift in the cardboard sea. Of course (see what we did there?) Your package is lost. it’s not always on you.

Packaging 98

Packaging Tips eCommerce Inventory Reduction 98

Logistics Viewpoints

JUNE 10, 2021

Leveraging different models of thinking, representing key metrics using data aggregation, exposing real anomalies, and recommending a course of action based on operating models will make businesses smarter. To fully understand our strategy, it is important to understand the differentiation between autonomous and automated.

Supply Chain Planning Software 111

Supply Chain Planning Software Modeling Software Optimization Software Logistics Network Optimization Software 111

SYSPRO Smarter ERP

JUNE 27, 2022

Of course, robotics does not tell the full story, as the world of manufacturing has evolved even further over the last few decades, with the rise of data and smart, autonomous systems. Employers should take advantage of the digital courses offered by ERP providers to prevent any erosion of technological knowledge. The post Industry 4.0:

Buyer Training 105

Buyer Training Factories Supply Chain Design Software Meeting 105

IoT World Today

MAY 21, 2020

Supply chains will survive COVID-19, of course, but not without interim pain and structural change. Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If Erratic consumer demand adds further dysfunction. We don’t know where things are.”.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 145

Logistics Bureau

JANUARY 9, 2019

Of course, it is helpful to have some statistics on hand to validate the statement above. Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. Mini Case Study: Walmart.

Supply Chain Design Software 118

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

Freightos

OCTOBER 26, 2020

So three months after an executive meeting on June 23rd , an updated strategy was released, tracking a radical shift into a slimmer Maersk, focused on providing end-to-end logistics services. The Post-2016 Strategy: End-to-end Shipping. The shift to full end-to-end integration, of course, leaves no one else in the middle.

Logistics Network Optimization Software 125

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Price Reduction 125

Logistics Viewpoints

JUNE 29, 2021

The most effective organizations have multiple layers of checks on data as it’s coming into the organization, because the first order of business is stopping bad data from coming in. Of course, there is much more that goes into effectively implementing each of these safeguards. Inspect before entry.

Data 158

Data Supply Chain Design Software Supply Chain Planning Software Digital 158

Logistics Bureau

OCTOBER 10, 2022

Therefore, to avoid falling short of your service standards, you need to hold enough stock to ensure you can fulfill every sale or order, even in the face of supply chain shocks and demand spikes. The products are dispatched straight from the factory and typically arrive within 48 hours of raising a purchase order.

Inventory Reduction 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

Logistics Viewpoints

FEBRUARY 2, 2024

UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. cities over the course of the year, bringing the total number to 110. Soft demand in Europe and the US led to an overall decline of 7.5

Cost Reduction 162

Cost Reduction Inventory Reduction Manufacturing Procurement Logistics Network Optimization Software 162

GlobalTranz

JULY 14, 2015

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. Throughout the order fulfillment process, ample opportunities for problems, delays, and inefficiencies exist.

Supply Chain Software 103

Supply Chain Software Supply Chains Manufacturing Procurement Scenario Planning 103

Logistics Bureau

DECEMBER 19, 2022

Of course, as this is an ultimate guide to product slotting, it would only be fitting to leave you with a statement about the cost benefits if it includes an explanation of how they come about. So, for instance, SKUs commonly ordered together are located close to one another. Or a similarly sized reduction in warehouse labour costs ?

Production 106

Production Inventory Reduction Cost Reduction Resource Reduction 106

Ship Monk

AUGUST 5, 2020

Of course, it’s not just about what you sell — it’s also about how you’re getting products to your customers. As an Amazon seller, you have two main choices when it comes to order fulfillment: Fulfilled by Amazon (FBA) or Fulfilled by Merchant (FBM). Of course, as your business expands, it might not be possible to keep it in-house.

How To 87

How To Inventory Reduction Price Reduction Purchasing Skills 87

Logistics Viewpoints

APRIL 7, 2022

Adjust supply chain design more frequently than ever: As radical shifts in the centers of gravity of demand take place and the often-used transportation modes become inaccessible, organizations need to revisit their supply chain design and dynamically course correct.

Supply Chain Design Software 167

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 167