Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Eliminating the Need for Markdowns: By maintaining the right stock levels at the right times, we can avoid bothersome markdowns.

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Waste Reduction 52

Ship Monk

SEPTEMBER 14, 2022

There are a lot of accounting terms thrown around when describing eCommerce inventory: merchandise inventory , WIP inventory , ending inventory , and beginning inventory to name just a few. What is Beginning Inventory? By inventory , we mean finished goods that are on hand and ready to sell.

Inventory Reduction 98

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 98

FreightWaves SONAR

MARCH 22, 2021

Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages. Download the White Paper.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

FreightWaves SONAR

MARCH 11, 2021

Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. This focus makes proper use of global trade data and analytics so vital for continued recovery and growth throughout the supply chain network. Streamline data collection and analysis.

Data 98

Data Supply Chain Planning Software Supply Chain Software Expense Reduction 98

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

EazyStock

JUNE 23, 2022

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. The key for inventory management teams is to know what to do with it!

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

FreightWaves SONAR

NOVEMBER 24, 2020

Successful supply chain management depends on the ability to collect data and apply it accordingly. As explained by Grainger , “In today’s global economy, technology trends like the Internet of Things (IoT) and Big Data have become an indispensable part of everyday business. And major companies have taken notice.

Data 90

Data Freight Supply Chain Software Inventory Reduction 90

WorkWave

NOVEMBER 6, 2023

In this blog post, we will delve into the intricacies of order management, the role of an Order Management System (OMS), what happens after checkout and how to master your order management strategy with the help of cutting-edge order management systems and order management software. What Is Order Management?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Ordering 52

CH Robinson Logistics

MARCH 12, 2020

Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. Exponential Growth of Data: We’re seeing an explosion in the amount of data available across the supply chain. Our real-time visibility solution.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Vendor Strategies Inventory Reduction 62

Locus

JUNE 16, 2023

Read also: A Study of Unit Economics in Last Mile Delivery Is it essential to reduce last-mile delivery costs for vehicles? These high costs, coupled with a steep increase in the volume of last-mile orders, underscore the need for reducing delivery costs to adapt to consumer demand shifts and safeguard profit margins.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

FreightWaves SONAR

MARCH 9, 2021

H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. Global retailers use data to understand lead time Successful supply chain operation at any stage hangs on the ability to stay on top of shipping and transport logistics. Request a SONAR Demo.

Supply Chain Planning Software 98

Supply Chain Planning Software Scenario Planning Data Optimal Sourcing 98

Freightos

JANUARY 15, 2024

This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year. Navigating the Storm: Strategies for SMB Importers in 2024 There is no golden ticket for solving these challenges. and bakes really good cookies.

Negotiating Skills 127

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 127

Logistics Viewpoints

SEPTEMBER 25, 2023

Greenhouses can be constructed to be like semiconductor clean rooms which would eliminate the need for pesticides. Greenhouses can be located near population centers and the growing season can occur all year long; this improves the freshness of food while reducing GHG emissions. This is a relatively minor piece of new functionality.

Supply Chain Software 152

Supply Chain Software Food and Agriculture Logistics Network Optimization Software Inventory Reduction 152

Locus

MARCH 27, 2024

On one hand, they’re battling shrinkage, which includes inventory losses from both operational slip-ups and theft. Geocoding drastically cuts down on the headache of reattempted deliveries on these unclear by accurately locating unclear addresses, thereby saving costs and boosting customer satisfaction. Pretty daunting, right?

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

Ship Monk

FEBRUARY 9, 2024

The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. All of them rely on data, whether you’re using historical data or new findings gathered from consumer research.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

Ship Monk

JUNE 16, 2022

When eCommerce businesses or fulfillment centers use the term “slotting,” they’re referring to a method of organizing inventory in a warehouse to optimize fulfillment operations. Advantages of Inventory Slotting. Similar products can be slotted in separate locations to reduce common picking errors. Reduced Shrinkage.

Cost Reduction 52

Cost Reduction Inventory Reduction Resource Reduction eCommerce 52

FreightWaves SONAR

DECEMBER 18, 2020

In a sense, it’s the application of data signals to create a list of preferred shippers. Carriers will have delays and challenges, such as the problems deriving from package cut-offs in recent weeks. And that means your company needs access to all the freight data available.

Sourcing Strategies 98

Sourcing Strategies Inventory Reduction Cost Reduction Optimal Sourcing 98

Locus

MAY 20, 2024

This fulfillment method cuts down delivery costs of serving customers especially in dense cities. This metric is significant for retail businesses as it reflects the efficiency of their delivery process and directly influences customer satisfaction by focusing on reducing wait times and inconvenience.

Inventory Reduction 98

Inventory Reduction Logistics Network Optimization Software Cost Reduction Optimization Software 98

FreightWaves SONAR

JANUARY 21, 2021

Market volatility remains among the most impactful and essential of all freight analytic data that shippers and carriers need to monitor. Seeing potential acuity and inventory shifts can help logistics managers. This can help reduce uncertainty in the various lanes and reduce the network’s impact.

Supply Chain Planning Software 97

Supply Chain Planning Software Inventory Reduction Resource Reduction Price Reduction 97

Freightos

DECEMBER 13, 2023

More Resources Home December 13, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 7% to $5.88/kg

Negotiating Skills 117

Negotiating Skills Optimal Sourcing Price Reduction Vendor Strategies 117

Locus

MAY 25, 2022

Here are seven key strategies that they have used to make it happen. Consistently failIng to do so means definitely losing their confidence, which reduces your revenue, and a decline in profitability. The increasing demand for fast shipping has accelerated the need for brands to bring inventories closer to customers.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

FreightWaves SONAR

NOVEMBER 19, 2020

According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.

Supply Chain Software 105

Supply Chain Software Supply Chains Scenario Planning Sourcing Strategies 105

FreightWaves SONAR

MARCH 24, 2021

Trucking has a decisive advantage on shorter, irregular runs moving in or out of less populated regions, which are also core reasons to view lane-by-lane market data too. . While not eliminating the need for containers, this could dramatically reduce the time spent on the rails as freight moves over shorter distances.

Cost Reduction 85

Cost Reduction Inventory Reduction Freight Sourcing Strategies 85

Log-hub

OCTOBER 1, 2024

3 min read Up to 15% cost savings and boosted service levels with data-driven inventory management tailored to users’ unique demand patterns. Log-hub is expanding its portfolio with the new Inventory Optimization App , a powerful tool designed to streamline inventory management while reducing costs.

Optimal Sourcing 40

Optimal Sourcing Inventory Reduction Cost Reduction Inventory 40

Turvo

SEPTEMBER 16, 2021

The value of using technology to reduce wasted time and miles that contribute to higher carbon emissions. Another study by the EPA, titled Fast Facts on Transportation Greenhouse Gas Emissions , noted that “according to the Inventory of U.S. Greenhouse Gas Emissions and Sinks 1990–2018 (the national inventory that the U.S.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Optimization Software Logistics Network Optimization Software 70

Logistics Viewpoints

OCTOBER 24, 2024

At one of the demo booths, what stood out was the ability of the procurement solution to track savings leakage over the course of a contract. SCCN solutions allow trading partners to collaborate across defined trading partner processes based on a common data model. SAP’s Business Network is a supply chain collaboration network.

SAP 148

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 148

FreightWaves SONAR

DECEMBER 3, 2020

Analytics-driven processes to reduce excess inventory. Yet analytics-driven processes can reduce excess inventory. And they keep inventory levels lean. Collaboration means parties must share data in real-time. Viewing transportation networks with multi-angled metrics goes a long way to reducing costs.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 76

FreightWaves SONAR

SEPTEMBER 29, 2023

The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. For those that make the right applications of freight data, the massive problems created by the pandemic could have been more easily mitigated.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

FreightWaves SONAR

JANUARY 4, 2021

As reported by Inbound Logistics , “Shippers who unload efficiently and quickly without depending on driver involvement help carriers avoid poor trailer utilization or excessive trailer inventories.” Improving dock efficiency times ensures drivers can get in and out quickly, which reduces delays in order fulfillment and transportation.

Tips 111

Tips Security Capacity Supply Chain Software 111

RPA Labs

NOVEMBER 30, 2021

Automation and robotics help to reduce expenses and inefficiencies throughout the supply chain network. These RPA logistics use cases show how RPA can help managers get the most throughput, reduce costs, and create strong relationships with partners by focusing on the following aspects. Reduced Confusion Over Which Rate Is Best.

Supply Chain Software 85

Supply Chain Software Logistics Network Optimization Software Optimization Software Inventory Reduction 85

GlobalTranz

FEBRUARY 17, 2015

Until recently, the main aim of TMS was to help shippers increase efficiency and cut transportation costs by allowing them to choose modes and manage transportation orders. Full integration with cutting-edge technology : Technology has always been the driving force behind the evolution of TMS and logistics.

Optimization Software 97

Optimization Software Cost Reduction Expense Reduction Inventory Reduction 97

FreightWaves SONAR

DECEMBER 1, 2020

The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. Knowing the lead time helps warehouse managers understand when to restock inventory, allocate drivers, source more capacity, and take other necessary steps. Request a SONAR Demo.

Purchasing Skills 100

Purchasing Skills Freight Procurement Analytics Optimal Sourcing 100

EazyStock

JANUARY 4, 2021

Inventory management is crucial to ensuring businesses have agile and efficient supply chain operations. However, having control over every inventory item often ends up being a time-consuming and frustrating endeavor for most inventory teams, as they rarely have the right tools in place to get the job done well.

Inventory Reduction 52

Inventory Reduction ERP Inventory Optimization Software 52

Turvo

FEBRUARY 24, 2022

Key trends in 3PL operations The key trends in 2022 for 3PL operations strive to automate processes and give better insight into customer and shipper expectations, dominated by technology and supply chain data analytics. Request a Turvo Demo. . Value add 3PLs should look for ways to improve the value of their current services.

Supply Chain Planning Software 87

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 3PL 87

Freightos

OCTOBER 8, 2024

More Resources Home October 8, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Freightos Air Index data shows Europe – N.

Negotiating Skills 111

Negotiating Skills Price Reduction Inventory Reduction Resource Reduction 111

FreightWaves SONAR

MARCH 4, 2021

Every shipping mode and method can benefit from access to accurate, real-time freight data. For instance, consider these top uses of data and calculators within existing systems: Trucking metrics can benefit from clear data highlighting key areas of profit and loss within the fleet. Promote collaboration within the network.

Supply Chain Planning Software 130

Supply Chain Planning Software Freight Optimization Software Resource Reduction 130