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

Logistics Bureau

DECEMBER 6, 2024

They may have ordered more than they need. A plan is necessary, possibly based on one of the following strategies. Hidden Opportunities for Supply Chain Cost Reductions Of course hidden costs, if you can find them, mean hidden opportunities. Much depends upon the nature of your supply chain operation of course.

Reverse logistics 74

Reverse logistics Cost Reduction Vendor Strategies Inventory Reduction 74

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. And they have very different dynamics. Often 60-70% of total sales.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 75

Logistics Viewpoints

FEBRUARY 28, 2023

Despite becoming commonplace in commerce in recent years, companies have yet to unlock the full competitive advantage an Order Management System (OMS) can bring to their operations. It is making use of inventory that is the easiest/fastest to get to the customer, no matter through which channel the order was placed.

Optimal Sourcing 109

Optimal Sourcing Inventory Reduction Sourcing Strategies Vendor Strategies 109

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

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

Logistics Viewpoints

APRIL 6, 2023

The urgency of response to a disruption of a Category 1 supplier is of course much higher than that of a Category 4 supplier. The post The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience appeared first on Logistics Viewpoints.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 98

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

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 102

Cost Reduction Price Reduction Purchasing Skills Logistics Network Optimization Software 102

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

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

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 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

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

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 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 126

Inventory Reduction Purchasing Skills Cost Reduction Modeling Software 126

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

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

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 134

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

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

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

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 75

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 75

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 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 113

Inventory Reduction Supply Chain Planning Software Cost Reduction Supply Chain Design Software 113

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 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

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

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

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 120

Supply Chain Design Software Sourcing Strategies Supply Chain Software Material Savings 120

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 141

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 141

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 111

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

GlobalTranz

SEPTEMBER 1, 2017

This also includes all equipment that is not used in the routine picking of orders. Wave picking was the standard in warehouse management and order picking for decades. These technologies may also include voice-enabled commands and automated order processing. Ditch Wave Picking. Implement Vendor Compliance Programs.

Inventory Reduction 89

Inventory Reduction Inventory Efficiency Vendor Strategies 89

GlobalTranz

AUGUST 25, 2015

This is especially true if the objective is to optimize freight costs controls in order to realize significant savings that can be passed on to customers and company stakeholders. Optimizing transportation management systems requires development of a comprehensive strategy that treats the business in its entirety.

Negotiating Skills 109

Negotiating Skills Cost Reduction Optimal Sourcing Resource Reduction 109

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

JANUARY 13, 2025

Tiered Freight Pricing in B2C Markets The last time you ordered a product online as a consumer, did you find a choice of shipping options on offer? Of course, in many cases, vendors factor freight costs into product pricing, so the customers dont get to see what proportion of their remittance covers the cost of transportation.

Purchasing Skills 40

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 40

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 95

Supply Chain Planning Software Modeling Software Optimization Software Logistics Network Optimization Software 95

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 98

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