GlobalTranz

DECEMBER 11, 2014

Today begins our series about electronic data interchange or EDI in transportation. What is Electronic Data Interchange? First we must understand and get on the same page of what is Electronic Data Interchange, or EDI, as it is not only used in the transportation industry. How does Electronic Data Interchange (EDI) Work?

Data 105

Data Transportation Document Inventory Reduction 105

SYSPRO Smarter ERP

JANUARY 12, 2022

With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges. They have a contract with a supplier who delivers on time, and who charges acceptable prices.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

Logistics Viewpoints

OCTOBER 24, 2024

SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings.

SAP 142

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 142

SYSPRO Smarter ERP

MAY 30, 2022

As manufacturers strive to reduce costs while increasing speed, the process of procuring materials, making products, and moving them where they need to be is more complex than ever. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

Material Handling and Logistics

DECEMBER 3, 2018

Four separate factors contribute to achieving a “perfect order”: the delivery must arrive complete, on-time, undamaged, and with proper documentation. According to APQC Open Standards Benchmarking data, organizations that are median, or midpoint, performers on this measure have a perfect order index of 90. Ensure reliable data.

Ordering 150

Ordering Supply Chain Software Manufacturing Procurement Supply Chain Planning Software 150

Freightos

AUGUST 10, 2024

AI Popup #3) AI Popup #3 August 10, 2024 Dive deeper into freight data that matters Learn More For anyone who has played around with ChatGPT or Midjourney, it’s now clear that AI has the potential to be an incredible tool for enhancing efficiency and productivity. Again, this takes careful and meticulous training.

Logistics Network Optimization Software 103

Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Supply Chain Software 103

GlobalTranz

JANUARY 21, 2015

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. The distributor maintains the inventory plan.

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

SYSPRO Smarter ERP

MAY 30, 2022

As manufacturers strive to reduce costs while increasing speed, the process of procuring materials, making products, and moving them where they need to be is more complex than ever. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 98

GlobalTranz

OCTOBER 21, 2015

The more KPIs, the more difficult the negotiation process. After the SLA/KPI is an approved document by both the customer and logistics provider, this document and its contents need to be reviewed monthly to begin with, and quarterly thereafter. Cost Reduction is another major goal. 3PL/SLA Skills/Knowledge.

Negotiating Skills 94

Negotiating Skills Optimal Sourcing 3PL Procurement Analytics 94

GlobalTranz

MAY 13, 2015

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 “The net true cost considers issues such as waste-to-landfill, greenhouse gas emissions, economic mobility, worker safety and food safety. . ” Walmart states early on.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

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. Hassle or cost to serve.

Purchasing Skills 100

Purchasing Skills Freight Procurement Analytics Optimal Sourcing 100

Logistics Viewpoints

APRIL 14, 2022

Such a gap is problematic, as it could lead to higher costs, longer cycle times and less resilience. A best-in-class solution must also support your workflows and a full range of processes including purchase orders, forecasting, capacity and inventory collaboration as well as quality management and coordination around supply risk.

Supply Chain Planning Software 139

Supply Chain Planning Software Supply Chain Software Collaboration Supply Chains 139

Freightos

JANUARY 12, 2017

In general numbers, air freight is usually 5X the price of trucking and 16X the price of ocean freight, according to the World Bank. Cost – Simply put, air freight comes with a hefty price tag. Air freight is priced based on both size and weight, which can scale price very quickly. Airport transfers.

Purchasing Skills 48

Purchasing Skills Price Reduction Cost Reduction Trends 48

3PL Links

OCTOBER 15, 2024

Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. From delays to cost increases, logistics teams encounter a range of obstacles that can hinder efficiency and affect the entire supply chain.

Inventory Reduction 62

Inventory Reduction Logistics Network Optimization Software Supply Chain Software Expense Reduction 62

MTS Logistics

APRIL 19, 2021

Consider the Costs of Different Transportation Models. Provide the Right Documents and Ensure That the Provided Information is Correct. Provide the Right Documents and Ensure That the Provided Information is Correct. Proper documentation on import/export items is a must to meet regulation requirements. Prepare in Advance.

Negotiating Skills 85

Negotiating Skills Efficiency How To Purchasing Skills 85

Logistics Viewpoints

MAY 3, 2021

An SCCN can also access pertinent third-party data feeds. Solutions that fall under the definition of SCCN would include EDI VANs (electronic data interchange value added networks), industry marketplaces, and collaborative supply chain applications that are built on public cloud architectures.

Supply Chain Software 140

Supply Chain Software Supply Chains Manufacturing Procurement Optimal Sourcing 140

Shipchain

FEBRUARY 7, 2019

Additionally, global trade scales are vulnerable to an impending digital documentation revolution, as noted by Kyunghee Park of Bloomberg.com. For shippers to stay competitive with big-box retailers like Walmart along with growing e-commerce vendors, they must think outside the box and cut costs wherever possible.

Logistics Network Optimization Software 112

Logistics Network Optimization Software Supply Chain Software Vendor Strategies Cost Reduction 112

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.”

Supply Chain Planning Software 157

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 157

SYSPRO Smarter ERP

AUGUST 2, 2023

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. To contend with these pressures, medical device manufacturers crave actionable, real-time, accurate, and reliable data throughout the entire supply chain.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 98

WorkWave

AUGUST 4, 2020

In the grand scheme of things, data analysis falls into the categories of descriptive, predictive, and prescriptive. While descriptive data presents existing figures, predictive data allows you to draw insights from trends in your descriptive data in order to make an educated guess about what might happen next.

Data 91

Data Procurement Analytics Sourcing Strategies Ordering 91

TransAudit

SEPTEMBER 19, 2024

Virtually every business has a relationship with a transportation company, which should be documented in a formal contract called a transportation contract. These types of contracts include a range of data, such as invoicing procedure, agreement dates, pay dates, insurance, or liability information.

Negotiating Skills 79

Negotiating Skills Transportation Purchasing Skills Cost Reduction 79

3PL Insights

JULY 11, 2018

The amount of time and effort saved by using these technologies makes them a must-have when transferring documents to another company. EDI stands for Electronic Data Interchange. This refers to the electronic interchange of documents between companies. From there, the EDI order is translated into an 850 purchase order.

Data 56

Data Document Purchasing Skills Supply Chain Software 56

GlobalTranz

DECEMBER 17, 2014

Today we pick up our series on all things Electronic Data Interchange or EDI by busting the common myths around implementing an EDI Integration program. The truth is, many myths have circulated throughout the business world, and electronic data interchange is the focus of quite a few of these myths. Myth: It’s Too Expensive.

Supply Chain Software 93

Supply Chain Software Sourcing Strategies Expense Reduction Cost Reduction 93

Logistics Viewpoints

AUGUST 29, 2022

They got those documents quickly, and then got them in the hands of all employees and suppliers in 24 hours. Examples of third-party data would include weather forecasts, sustainability ratings, or D&Bs on a company’s financial viability. One of the players in this market, Resilinc, is monitoring 105 million data sources.

Supply Chain Planning Software 127

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Software 127

Logistics Viewpoints

MARCH 20, 2023

A graph database stores nodes and relationships instead of tables, or documents. Data is stored just like you might sketch ideas on a whiteboard. Those insights are driven from data connections across the vast amounts of data these companies have access to. There are vendors that supply this data.

Supply Chain Planning Software 140

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

Logistics Bureau

OCTOBER 20, 2021

You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supply chain organisation. These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.”

Supply Chain Design Software 110

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 110

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. Unstructured data isn’t as accessible to search or export and is often text-heavy.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

GlobalTranz

FEBRUARY 27, 2015

Increased bid competitiveness through pricing accuracy. Running our pricing accurately was a huge problem… it is fairly easy now, and further use of reporting features will help with this. More accurate pricing means we can win bids against some of the largest food companies out there. Lower inventory carrying costs.

Manufacturing Procurement 110

Manufacturing Procurement ERP Logistics Network Optimization Software Procurement Solutions 110

Logistics Bureau

NOVEMBER 11, 2024

It’s the combination of various automated systems such as robotics, sensors and software to streamline warehouse operations, reduce labor costs and improve accuracy. Today warehouse automation is a key part of modern supply chain management, to improve efficiency, reduce costs and customer satisfaction.

Supply Chain Software 88

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 88

GlobalTranz

JUNE 18, 2015

However, forward logistics management skills (involving original production and distribution of new products) may scarcely apply to reverse processes of moving products from buyers’ locations in order to recover remaining value or appropriately dispose of items. Effective Cost Management Driven By Reverse Logistics Systems.

Reverse logistics 103

Reverse logistics Optimization Software Logistics Network Optimization Software Transportation 103

GlobalTranz

AUGUST 7, 2018

Data Types and Quality Variances Complicate Managing Supply Chain SLAs In the U.S., Although Incoterms define common standards in the costs, ownership, liability, and transfer of goods from buyers to sellers, the broad nature of modern e-commerce may result in additional details that do not exist within the current set of Incoterms.

Supply Chain Software 65

Supply Chain Software Supply Chains Manufacturing Procurement Purchasing Skills 65

Logistics Viewpoints

JANUARY 3, 2022

26 algorithms are examining the video data in real-time. The devices are surprisingly inexpensive, costing $350-500 per vehicle per year depending upon the volume of devices purchased. In September 2020, the company announced what they claim is the world’s first autonomous truck purchase order from Wilson Logistics.

Trucking 167

Trucking Trends Modeling Software Logistics Network Optimization Software 167

Freightos

JULY 31, 2024

AI Popup #3) AI Popup #3 Charles Marrale July 31, 2024 Dive deeper into freight data that matters Learn More For anyone who has played around with ChatGPT or Midjourney, it’s now clear that AI has the potential to be an incredible tool for enhancing efficiency and productivity. Again, this takes careful and meticulous training.

Logistics Network Optimization Software 66

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Modeling Software 66

SYSPRO Smarter ERP

MARCH 14, 2023

The business processes: that determine how an enterprise works The people: who do the work and the way they are functionally organized The systems: that are implemented to automate, consolidate and streamline procedures and data The role of these elements is important in how an ERP project achieves its goals.

ERP 105

ERP Optimization Software Optimal Sourcing Procurement Solutions 105

GlobalTranz

DECEMBER 23, 2016

Whether the cost is lost opportunity, actual product damage, squandered time or even just emotional frustration, there’s a cost for everyone. A major contributing factor is the inherent difficulty in measuring and documenting packaging suitability for LTL and over-the-road pallet load shipments. Referring to the data .

Data 55

Data Cost Reduction Freight Material Savings 55

Freightos

OCTOBER 26, 2020

The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Oil prices tanked, cancellations increased and Maersk drilling and supply chain services would run up nearly $2 billion dollars in annual losses. Meanwhile, Maersk’s energy business was being hammered.

Logistics Network Optimization Software 125

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

GlobalTranz

APRIL 17, 2018

These giants have deep pockets, capable of offering low-cost, if not free, parcel shipping. Unfortunately, the volume of small packages shipped , as well as the variety of carriers used, can make keeping costs in check sound like a dream, inaccessible. Shipping data includes verifying invoices for accuracy and recapturing overpayments.

Cost Reduction 60

Cost Reduction Material Savings Expense Reduction Negotiating Skills 60