3PL Links

JANUARY 8, 2025

Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

Logistics Bureau

DECEMBER 22, 2024

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. Instead, its merely a common-sense guide to those supply chain KPIs that can best provide actionable data for general management purposes.

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

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

Logistics Viewpoints

SEPTEMBER 21, 2023

For those unsure of what EDI is, it stands for electronic data interchange, is the concept of businesses electronically communicating information that was traditionally communicated on paper, such as purchase orders, advance ship notices, and invoices. How does EDI enhance data accuracy and integrity in supply chain transactions?

Supply Chain Software 119

Supply Chain Software Supply Chains Cost Reduction Operations 119

SYSPRO Smarter ERP

MARCH 13, 2025

Real-time data With technologies such as the Internet of Things (IoT) , data creation is happening at an exponential rate, meaning that manufacturing in the 21st Century isnt so much based on gut-driven decisions anymore but rather on data. It eliminates duplicate work and ensures everyone works from the same accurate data.

Manufacturing Procurement 52

Manufacturing Procurement ERP Optimal Sourcing Supply Chain Planning Software 52

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

AUGUST 15, 2022

Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. A MSCN is a collaborative solution for supply chain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds.

Manufacturing Procurement 123

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 123

Logistics Bureau

JANUARY 20, 2025

When stock reaches a certain threshold the system automatically triggers purchase orders to suppliers. Predictive Analytics and Demand Forecasting – Modern supply chain systems analyse historical data, market trends and even weather patterns to predict future demand. First, there’s the dramatic impact on costs.

Supply Chain Software 75

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 75

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

Logistics Viewpoints

AUGUST 28, 2024

These passports document all aspects of the life cycle – from the sourcing of raw materials to final disposal or recycling. Data Collection Accurate data is critical to the success of any DPP. Consistent, trusted data ensures the DPP reflects the true lifecycle of the product.

Optimal Sourcing 124

Optimal Sourcing Optimization Software Supply Chain Software Optimization Modeling 124

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 107

Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Supply Chain Software 107

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 98

Negotiating Skills Efficiency How To Purchasing Skills 98

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

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 90

Negotiating Skills Transportation Purchasing Skills Cost Reduction 90

WorkWave

OCTOBER 17, 2024

Include data on industry trends, growth projections and customer demand. better customer service, faster delivery times, or lower costs). Gathering and analyzing data will allow you to identify gaps in the market that your business can fill. This section should introduce your team and highlight their skills and experience.

Cost Reduction 52

Cost Reduction Logistics Network Optimization Software Transportation Purchasing Skills 52

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

Trinity Logistics

MARCH 6, 2025

This may include how orders are communicated to them, what documents are needed to support the shipment, and which systems they interact with (such as a warehouse management system – WMS) to notate information like planned vs. actual shipment details. Some data may live in other tables or a completely different system altogether.

Supply Chain Planning Software 62

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Procurement Solutions 62

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

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

WorkWave

MAY 24, 2024

Sources cite the resiliency of essential services , predictive recurring revenue and business model growth opportunities enabled by technology, training and development as being reasons behind the interest. WorkWave: How important is trust and transparency during the due diligence and negotiations processes?

Negotiating Skills 98

Negotiating Skills Buyer Training Purchasing Skills Modeling Software 98

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

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 113

Supply Chain Planning Software Supply Chain Software Collaboration Supply Chains 113

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 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 113

Supply Chain Software Supply Chains Manufacturing Procurement Optimal Sourcing 113

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 129

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 129

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 71

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Modeling Software 71

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

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 98

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

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