GlobalTranz

JUNE 16, 2015

Throughout the course of business, business owners, who may be in the manufacturing, retail, or in another industry, find themselves focusing on innovation. In fact, the annual ChainLink Research Study found innovation to be the top focus for those involved in the manufacturing community. Innovation Allows For Healthy Competition.

Manufacturing Procurement 101

Manufacturing Procurement Purchasing Skills Price Reduction Supply Chain Design Software 101

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 103

Negotiating Skills Purchasing Skills Cost Reduction Analysis 103

Material Handling and Logistics

OCTOBER 30, 2018

In a recent Forrester study, they found the problem to be poor quality data. Start by making the purchasing experience a pleasure rather than a hassle. Foundation, Foundation, Foundation. It’s easy to get caught up in new innovations like AI, but the success stories are lacking due to one major problem: foundation! How do you do that?

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

GlobalTranz

MAY 5, 2016

The studies of science, technology, engineering and math (STEM) have shaped the logistics industry into what it is today. Emerging Technical Studies. Students studying the field of logistics work with innovation in mind , always striving to improve current logistics processes and eliminate product inefficiencies. With over 1.1

Logistics Network Optimization Software 61

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Industry 61

Ship Monk

JANUARY 7, 2021

Before 2020, there was a clear distinction between online and offline purchases. Of course, all of that changed with COVID-19 , which forced the world to rely on eCommerce in order to fulfill basic needs like buying fresh produce or racing to secure a pack of toilet paper. New Buying Habits. Sustainable Consumerism.

eCommerce 98

eCommerce Trends Logistics Network Optimization Software Purchasing Skills 98

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. I can go for a coffee in the said mall or shopping area, and a couple of latte macchiato later, drop the driver a tip as she hands over my purchase.

Supply Chain Software 128

Supply Chain Software Logistics Network Optimization Software Supply Chains Trends 128

Logistics Viewpoints

MARCH 1, 2021

But in 2016, Philip Morris International decided to change the course of its history by leading a transformation in the tobacco industry to create a smoke-free future based on products, which while not risk-free—are a better choice for adult smokers than continuing to smoke. That study has now been published. It was predictable.

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 119

Logistics Viewpoints

MARCH 20, 2023

Based on ARC Advisory Group’s recently released study of the market, this puts them in the top 5. Meanwhile decisions like how much production capacity needs to be added, or what raw materials need to be purchased, don’t change on a daily basis. But, of course, over the course of a month the demand and supply pictures change.

Supply Chain Planning Software 140

Supply Chain Planning Software Modeling Software Procurement Solutions Supply Chain Software 140

SYSPRO Smarter ERP

NOVEMBER 17, 2021

With a solid business strategy, and a strong foundation of knowledge, you can determine the best course of action for your manufacturing business and take advantage of an ERP system to streamline business processes and maximize profitability. Previously, purchasing an ERP required a large capital spend. SaaS (Software as a Service).

ERP 105

ERP Modeling Software Tips Procurement Solutions 105

Ship Monk

APRIL 5, 2024

Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. A PricewaterhouseCoopers study showed that after negotiating a contract, an average of 25% of the savings were lost during the implementation process. If so, it might be worth paying a little more for their goods.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. Mini Case Study: Walmart. Mini Case Study: Whirlpool. This formula has enabled Whirlpool to endure and thrive in the 13 years since it set out to build an adaptive supply chain, but of course, the work never ends.

Supply Chain Design Software 131

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

Ship Monk

APRIL 26, 2023

A 2020 ecommerce shipping study determined that 27% of shoppers will choose one ecommerce brand over the other based on speed of delivery options. 2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. Sound simple?

eCommerce 98

eCommerce Purchasing Skills Eliminating Excel in Purchasing Procurement Solutions 98

Ship Monk

APRIL 28, 2023

All sorts of organizations have run studies on eco-friendly attitudes in the ecommerce industry, and we have amazingly positive news to share about what buyers are thinking. Of US adults surveyed , 69% say environmental impact is important when making a purchasing decision. We have proof. Tell customers what you are supporting and why.

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

FLS Transport

FEBRUARY 10, 2021

Of course, there’s a massive need for more capacity right now and that’s largely what’s driving the purchases. According to a recent FourKites study, 3 in 4 yards are overburdened by manual processes that negatively impact shipping KPIs. STAT OF THE WEEK: North America Class 8 truck orders were up 146% year over year in January.

Procurement Analytics 98

Procurement Analytics Freight Purchasing Skills Trucking 98

Bringg

AUGUST 5, 2020

Also known as buy online, pickup in store ( BOPIS ), click and collect is a form of omnichannel flow where shoppers make purchases online and pick up their order in a physical location, rather than having it delivered. And, of course, the chain of custody gets tricky and will require digital proof of delivery.

Trends 118

Trends Modeling Software Optimization Software Optimization Modeling 118

Logistics Bureau

JANUARY 9, 2019

Of course, it is helpful to have some statistics on hand to validate the statement above. Mini Case Study: Walmart. Mini Case Study: Whirlpool. This formula has enabled Whirlpool to endure and thrive in the 13 years since it set out to build an adaptive supply chain, but of course, the work never ends.

Supply Chain Design Software 118

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

GlobalTranz

SEPTEMBER 23, 2015

Supply Chain big data is the ultimate compilation of data gathered in the course of business. However, unorganized supply chains can quickly cause a customer to abandon a purchase and provide negative feedback about the company across social media, word-of-mouth, and many other mediums. What Is Supply Chain Big Data?

Supply Chain Design Software 108

Supply Chain Design Software Supply Chain Software Supply Chain Design Procurement Analytics 108

Kanban Logistics

AUGUST 13, 2020

Naturally, the 3PL would build inventory financing costs into the overall cost of the service, and there would need to be a contractual agreement that guaranteed purchased materials would be used. By allowing your 3PL provider to purchase non-strategic materials on your behalf , you’ll reap the following rewards: Keep your cash longer.

Manufacturing Procurement 98

Manufacturing Procurement Inbound 3PL Material Savings 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. Nevertheless, cost-to-serve studies often reveal a surprising ratio of non-profitable to profitable customers and SKUs.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

Logistics Viewpoints

MARCH 4, 2021

Accurate and timely reconciliation of purchase orders with receipts. Of course, autonomous planning does not happen overnight, and it is not just about having the technology. Also, follow us on LinkedIn and YouTube for more information and read our customer case studies on the digital transformation of supply chain planning.

Supply Chain Planning Software 164

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 164

LandLink

JANUARY 15, 2020

In fact, how you deal with returns, before and after purchase, can differentiate your brand, create a competitive advantage and even make you more profitable. according to a study by research firm Appriss, up from $260 billion in previous years. The holiday season, of course, is the one to dread in the returns departments.

Purchasing Skills 63

Purchasing Skills Procurement Analytics Expense Reduction Cost Reduction 63

GlobalTranz

JUNE 30, 2017

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. More importantly, it gives manufacturers a chance to find out more about what the customer wants.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics After-sales Price Reduction 82

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 77

Capacity How To Sorting Purchasing Skills 77

Ship Monk

JULY 5, 2022

Studies show that more than 70% of fulfillment warehouses that use AMRs have reached double-digit improvements, which leads to immense growth for eCommerce merchants. In a recent whitepaper ABI Research asserted that AMR purchases are predicted to increase 65% in 2022. There are, of course, many types of AMRs to choose from.

Supply Chain Software 111

Supply Chain Software Supply Chain Design Software Optimization Software 3PL 111

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. For example, a subtle change in hydraulic pressure may still permit the machine to operate. Automated Data Transfers.

Supply Chain Software 103

Supply Chain Software Supply Chains Manufacturing Procurement Scenario Planning 103

GlobalTranz

FEBRUARY 8, 2016

A case study, published by Modern Machine Shop several years ago, caught our eye recently. Although it was published in 2002, the case study highlighted the data collection struggles of a particular manufacturing company that probably rings true for many SMEs and large corporations alike. The problem?

Manufacturing Procurement 66

Manufacturing Procurement Data Optimal Sourcing How To 66

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 123

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 123

GlobalTranz

JANUARY 21, 2015

The manufacturer has access to the distributor’s inventory data and is responsible for generating purchase orders. Definition: Solicit your suppliers to come into your company to assist you with Supply Chain Cost Reductions, and other important issues, rather than your suppliers soliciting your purchasing dollar.

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

Logistics Bureau

MAY 30, 2022

Of course, the aim should always be to serve customers proactively, and that’s where the third element of service alignment—planning—comes to the fore. Is your supply planning optimised to get the best performance from manufacturing (if applicable), purchasing, warehouse, and transportation functions?

Inventory Reduction 117

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 117

GlobalTranz

JANUARY 19, 2015

Many companies are already doing it, and according to a recent BCG study, 54 percent of companies with over billion in revenues are now considering it. Reshoring managers should work closely with purchasing to determine where suppliers are located, especially those suppliers producing long-lead-time items and strategic parts.

Manufacturing Procurement 101

Manufacturing Procurement Purchasing Skills Buyer Training Supply Chain Planning Software 101

3PL Insights

AUGUST 6, 2018

It’s recommended to study these terms to make day-to-day life in the logistics industry a little easier. A hi-lo, of course, refers to a forklift. There’s a lot of terminology thrown around in the warehouse and beyond—in transportation, fulfillment, value added, and other logistics services. Hi-Lo: Beep beep!

Logistics Network Optimization Software 68

Logistics Network Optimization Software Logistics 3PL Procurement Solutions 68

Blue Grace Logistics

FEBRUARY 9, 2023

Logistics, The Real Super Bowl MVP Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics Super Bowl requires logistics planning and execution to take advantage of the event’s revenue and profit opportunities. Here’s what’s involved.

Logistics 62

Logistics Events Scenario Planning Procurement Analytics 62

Logistics Bureau

JANUARY 21, 2020

These two big-box chains have integrated online and traditional retail channels to offer consumers a range of ways to shop and receive their purchases. . A UK online retail study by Which revealed a trend in which several larger retailers consistently underperformed as regards product availability and customer service.

Inventory Reduction 63

Inventory Reduction Cost Reduction Expense Reduction eCommerce 63

Logistics Bureau

OCTOBER 28, 2020

Of course, manual systems allow small business owners to manage inventory with limited investment in systems. They deliver the most up-to-date inventory data, allowing purchasing teams to make better buying decisions. However, a single data entry error can throw out calculations and significantly impact planning.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 89

Logistics Bureau

SEPTEMBER 28, 2020

There are, of course, some other important differences between the two types of providers: 4PL is, in general, better suited for medium-to-large businesses , while 3PL is more suited to small-to-medium businesses. According to a study by The Insight Partners , the global 4PL market was valued in terms of revenue at $56,472.1

4PL 118

4PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software 118

GlobalTranz

JULY 8, 2015

Throughout the course of business, there will be a series of recurring updates for equipment, software, and materials. Reverse Logistics allows businesses to recoup a portion of the original purchase price of this equipment. And at the end, check out a nice infographic speaking more to reverse logistics strategies and practices.

Reverse logistics 110

Reverse logistics Material Savings Cost Reduction Logistics Network Optimization Software 110

Logistics Viewpoints

MARCH 14, 2022

I had studied TV script writing at the University of Cape Town with Roy. And we reconnected and bonded over the course of a few weeks. And neither of us had studied business. But we believed, because we had studied TV script writing, that we knew how to pitch. A guy called Roy Brawley. And the service deteriorated.

Optimal Sourcing 136

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Modeling Software 136