GlobalTranz

JANUARY 17, 2017

So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. Clearly, the IoT has caught on much faster than experts could have hypothesized.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

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

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

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. Transportation modes used in procurement and shipping.

Supply Chain Design Software 115

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

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

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

APRIL 4, 2022

The answer is to benchmark your freight, of course. At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now.

Negotiating Skills 95

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 95

Logistics Viewpoints

FEBRUARY 2, 2024

Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations. 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. Retailers estimate 13.7

Cost Reduction 153

Cost Reduction Inventory Reduction Manufacturing Procurement Logistics Network Optimization Software 153

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. Supply Chain Strategy. It means that your supply chain strategy should support the overall strategy of your business.

Supply Chain Design Software 131

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

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. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 118

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

Logistics Viewpoints

FEBRUARY 28, 2023

Omnichannel is a centralized strategy that enables businesses to coordinate, streamline, simplify and speed up fulfillment of orders that have been placed through different channels (online, retail, etc.). 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 127

Optimal Sourcing Inventory Reduction Sourcing Strategies Vendor Strategies 127

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 Bureau

JANUARY 9, 2019

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. Supply Chain Strategy. It means that your supply chain strategy should support the overall strategy of your business.

Supply Chain Design Software 118

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

GlobalTranz

JUNE 1, 2015

Lean systems have provided a formidable operating strategy for leaders determined to achieve and maintain optimal operational systems and customer satisfaction levels. There are multiple good models for lean manufacturing operations. enhanced flexibility to accommodate variables in customers’ purchasing patterns.

Manufacturing Procurement 133

Manufacturing Procurement Inventory Reduction Waste Reduction Cost Reduction 133

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

GlobalTranz

FEBRUARY 23, 2018

Omnichannel, as a word and strategy in retail, is shifting. If a consumer wants to view a product on a smart device while in-store, they are 20-percent more likely to complete the purchase. Levy Mobile Technology to Encourage Positive Experiences and More Purchases. It is just shopping. Omnichannel is shopping.

Course 65

Course Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 65

Logistics Business Magazine

JULY 22, 2021

The Aschaffenburg, Germany-based intralogistics specialist Linde Material Handling (Linde MH) has released its sustainability report for 2020. Sustainability is firmly anchored in the company’s corporate strategy. In its report, Linde MH recognises its employees as a cornerstone of success.

Material Savings 65

Material Savings Procurement Analytics Resource Reduction Manufacturing Procurement 65

United World Transporation

AUGUST 22, 2019

According to industry experts, fuel purchases can account for approximately 25% of a trucking company’s operating expenses. So, any opportunities to increase fuel efficiency and save money are valued in the industry, and fuel purchase routing is a commonly used strategy by many long-haul truck drivers.

Procurement Solutions 54

Procurement Solutions Purchasing Skills Procurement Analytics Purchasing 54

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. If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. Are Your Profit Margins Declining?

Negotiating Skills 103

Negotiating Skills Purchasing Skills Cost Reduction Analysis 103

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

Logistics Bureau

DECEMBER 22, 2024

For this reason, KPIs are essential for any business improvement strategy. Of course, the big challenge in this type of external benchmarking is obtaining the necessary data, since many companies are wary of sharing performance data with potential competitors.

Supply Chains 75

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 75

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 87

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 87

FreightWaves SONAR

MARCH 4, 2021

Yes, the need for shipping demand analytics is not new and was echoed in 2013 by Industry Week , “Relying on traditional supply chain execution systems is becoming increasingly more difficult, with a mix of global operating systems, pricing pressures and ever-increasing customer expectations. That’s where data analytics comes in.”

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

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 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 70

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 70

Logistics Bureau

APRIL 3, 2023

But, of course, what those circumstances are is for you to decide. For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America.

Outsourcing 102

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 102

Talking Logistics

FEBRUARY 27, 2019

Operational excellence, of course. But beyond that, shippers today also expect their logistics partners to provide them with technology solutions, timely and accurate data, and business intelligence and analytics capabilities. This allows customers to go to one place to purchase any of our services.

Vendor Strategies 61

Vendor Strategies Price Reduction Logistics Network Optimization Software Modeling Software 61

Freightos

OCTOBER 26, 2020

The free report is available in PDF with supporting spreadsheets and high-resolution infographics here. 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. Driving the Maersk Shift.

Logistics Network Optimization Software 122

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Price Reduction 122

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. These digital solutions make it easy, fast and seamless to manage the complexities of all the transportation function’s moving parts and keep the overall supply chain on an optimal course.

Optimal Sourcing 120

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 120

Logistics Viewpoints

JULY 12, 2024

Meanwhile, Walmart has aggressively expanded its marketplace of third-party sellers, following a strategy that has enabled Amazon to offer a mind-boggling range of products on its website. Vessels are expected to seek shelter/alter their course to avoid the impacted areas,” Maersk, the world’s No. instead of midday across Australia.

Material Savings 138

Material Savings Waste Reduction Resource Reduction Logistics Network Optimization Software 138

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

3PL Links

SEPTEMBER 5, 2016

Improving your warehouse and distribution process isn’t necessarily as easy as it might sound since any course of action needs to take into account variables such as your products, staffing levels, scheduling and third-party vendors. Mind Your Metrics. Get Employees Involved. Review and revise.

Tips 59

Tips Distribution Vendor Strategies Procurement Analytics 59

Logistics Bureau

NOVEMBER 3, 2024

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. Supply Chain Strategy In 2014, a survey by Tompkins Consortium delivered a shocking revelation. If you want business success (and who doesn’t?),

Supply Chain Design Software 71

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 71

GlobalTranz

JULY 8, 2015

And at the end, check out a nice infographic speaking more to reverse logistics strategies and practices. Cost Management. Throughout the course of business, there will be a series of recurring updates for equipment, software, and materials. How are you using reverse logistics strategies to recover the value of assets?

Reverse logistics 110

Reverse logistics Material Savings Cost Reduction Logistics Network Optimization Software 110

Ship Monk

MARCH 30, 2024

Unfortunately, sometimes supply chain disruptions, differing carrier restrictions, and fluctuating costs can keep that from happening. This advanced transportation management and rate shopping strategy removes guesswork while infusing flexibility. To remedy this annoying situation, ShipMonk created our Virtual Carrier Network.

3PL 105

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

GlobalTranz

JANUARY 4, 2016

Businesses cannot unlock the full potential of digital without reinventing their supply chain strategy. For digital technology to create significant improvement in business outcomes, businesses need to: Reinvent their supply chain strategy. Develop digital strategies that allow you to proactively evolve ahead of the competition.

Supply Chain Planning Software 91

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

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