Logistics Viewpoints

JUNE 1, 2021

During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand. Promotion-sensitive demand forecasts at the granular level are then used to adjust inventory targets and drive additional replenishment and procurement decisions.

Supply Chain Planning Software 114

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Inventory 114

FreightWaves SONAR

MARCH 23, 2021

Recognize market volatility trends and their impact on replenishment lead time Another beneficial action to boost efficiency with freight management comes from the recognition of market volatility trends. Market volatility can significantly impact replenishment lead time for restocking warehouses and distribution centers.

Resource Reduction 98

Resource Reduction Efficiency Cost Reduction Freight 98

Logistics Viewpoints

JUNE 7, 2021

When companies implement a demand management or replenishment system, the goal is usually to improve customer satisfaction while holding less inventory. The implementation also involves leveraging weather data to improve forecasting. This data leads to a better baseline forecast. Pinnacle Propane Delivery to a Farm.

Optimal Sourcing 101

Optimal Sourcing Transportation Inventory Reduction Supply Chain Planning Software 101

GlobalTranz

AUGUST 4, 2021

Disruptions were caused by a wide range of issues, including shutdowns driven by country/state/regional requirements or shutdowns due to health events at the supplier’s site. Limited Granularity of Data Leads to a Lack of Actionability. Traditional Inventory Replenishment Strategies No Longer Work.

Supply Chain Design Software 115

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

Logistics Viewpoints

MARCH 27, 2024

MODEX 2024, held in Atlanta, Georgia, from March 11 to 14, attracted more than 35,000 attendees and featured over 150 educational sessions, keynote speakers, and networking events. The robots can perform various tasks, such as transporting goods, picking orders, sorting items, and replenishing inventory.

Optimization Software 124

Optimization Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Software 124

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

Logistics Viewpoints

APRIL 4, 2024

Data Normalization & Removing Bias Data normalization in the context of forecasting is the process of going from actualized sales, which may be biased by various factors such as weather or inventory availability, to an understanding of baseline demand that is stripped of the impacts of these demand drivers.

Scenario Planning 126

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 126

EazyStock

OCTOBER 20, 2020

This keeps the data clean and easier to use for forecasting going forward. Look out for such trends in your historical demand data and adjust your forecasts accordingly. Qualitative factors: Add any qualitative forecasting factors into your data, such as sales promotions, competitor activity or external market events.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

Logistics Bureau

DECEMBER 19, 2022

Slotting Increases Replenishment Efficiency. If warehouse product slotting increases productivity and efficiency in picking, thereby reducing warehouse costs, it stands to reason that it does the same for replenishment and put-away activities. Productivity improvements in picking, replenishment, and put-away.

Production 98

Production Inventory Reduction Cost Reduction Resource Reduction 98

Logistics Bureau

NOVEMBER 29, 2024

This is all the product handling that takes place at the back dock, the stock room, and replenishing stock out on the retail floor. These unexpected events can cause big operational headaches and highlight the need for contingency plans. Then we have in-store logistics.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 75

3PL Links

JULY 7, 2023

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48

Logistics Viewpoints

SEPTEMBER 9, 2021

With the help of digitalization, machine learning, and advanced analytics, retailers can plan all steps of the supply chain journey, including forecasting, dark-store replenishment , and warehouse procurement intelligently, so that each step is integrated seamlessly to one another and works in sync to deliver exceptional customer service.

Supply Chain Planning Software 114

Supply Chain Planning Software Digital Supply Chain Software Logistics Network Optimization Software 114

Logistics Viewpoints

APRIL 7, 2022

Order minimums and multiples along with replenishment frequencies should be adjusted, especially as you prepare to stockpile highly constrained materials. Switching to alternate sources of supply or modes of transportation should be considered as appropriate, and such alternates should be activated on a short notice. He received his Ph.D.

Supply Chain Design Software 129

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 129

EazyStock

APRIL 20, 2020

Planned Events for Managing Forward Orders. A planned event is when your customer has a planned event where the future demand is known; for example scheduled repairs and maintenance. This gives you a number of benefits: Planned events, such as scheduled repairs and maintenance, can take place as planned. What’s new?

Production 52

Production Supply Chain Planning Software Events Inventory Reduction 52

The Logistics Academy

OCTOBER 18, 2017

As global supply chains become more complex and customers more demanding, the race is on to develop software applications that can effectively manage and make sense of the zettabytes of data being generated by our digital world. Of course, capturing the data and then using it to make good decisions are two entirely different things.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 40

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

This involves using real-time data and technology to get information about manufacturing processes when and where it is needed, in the form it is needed, to empower smart decisions about business operations. For example, analyzing real-time production data to uncover hidden inefficiencies and implement changes faster.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

Freightos

DECEMBER 5, 2016

Those changes may be one-off events, like a sudden drop in ocean capacity because of, say, a top-ten ocean carrier going bankrupt , which can cause much more ocean price volatility than OPEC’s announcement will. on a scale of -1 to 1). This trough generally lasts until right after the Christmas/New Year break.

Price Reduction 86

Price Reduction Freight Replenishment Procurement 86

Logistics Viewpoints

MAY 11, 2023

For example, they can test the effect of increasing or decreasing safety stock levels or changing the replenishment frequency of certain products. If the digital twin extends beyond the DC to the supply chain, you can have a better evaluation of the entire chain’s responsiveness to these types of events.

Optimization Software 124

Optimization Software Supply Chain Design Software Modeling Software Digital 124

WorkWave

JUNE 27, 2024

Data from the Bureau of Labor Statistics (BLS) shows that the demand for heavy and tractor-trailer truck drivers is expected to grow by 2% from 2021 to 2031, yet the supply is not keeping pace. During economic downturns, driver recruitment slows down, and as the economy recovers, there is often a lag in replenishing the driver pool.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

Logistics Viewpoints

DECEMBER 14, 2021

Q-commerce companies need to make sure the inventory levels are managed at each fulfillment center (darkstore, or MFC) in a way to maximize availability and minimize waste and also constantly adjusted to meet the local demand, which can vary due to customer demographics, local events and promotions, and the competitive offerings.

Supply Chain Planning Software 118

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

Logistics Business Magazine

AUGUST 11, 2020

Forecasting and replenishment formulas that use historic consumption or average stock days are only effective when demand and lead times remain static and the only way for the user to consider any variance is to continually update their calculations. The first is demand forecasting.

Inventory Reduction 67

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 67

Logistics at MPEPS at UPV

MARCH 8, 2022

In the event of a pipeline disruption, Europe could cushion the impact by increasing LNG imports and seeking alternative gas delivery pipelines. According to the report, the biggest immediate challenge facing the EU will be replenishing its depleted natural gas stocks. Russian television (RT) reported on March 3.

Expense Reduction 52

Expense Reduction Supply Chains Cost Reduction Procurement Analytics 52

Logistics at MPEPS at UPV

MAY 28, 2022

The success of Konbini stores in Japan has everything to do with its distribution network , store ( warehouse ) layout, just-in time inventory and replenishment policy , and state-of-the-art information systems. Stores are replenished at least three times a day. They typically offer a variety of services. Abdurakhmonov, 2018).

Supply Chain Software 52

Supply Chain Software Supply Chains Efficiency Replenishment 52

Logistics Business Magazine

JUNE 29, 2020

Covid-19 is already proving to be one of those unparalleled, disruptive events that will change the face of many sectors. Data is key here and is central to an effective and agile supply chain. It is no longer realistic to collect and manage data from different suppliers.

Supply Chains 62

Supply Chains Digital Inventory Reduction Purchasing Skills 62

EazyStock

MARCH 17, 2021

Black Swan Events. A black swan event is an unexpected event with severe consequences, like the Great Recession or the current COVID-19 pandemic. This category is sometimes lumped together with black swan events. You need to determine what your priorities will be in the event of a supply chain disruption.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 78

Logistics Bureau

JULY 10, 2018

The demand-driven SCM concept therefor uses actual demand instead of error-prone forecasts to drive replenishment.” This necessity is concerning for some company leaders, who fear conflicts of interest, information leaks, and other data-security vulnerabilities. ” – Simon Eagle, Demand Driven Institute.

Supply Chain Planning Software 49

Supply Chain Planning Software Supply Chain Design Software Inventory Reduction Supply Chain Software 49

Logistics Bureau

NOVEMBER 16, 2020

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020. Data Managers.

Supply Chain Planning Software 98

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

Turvo

JANUARY 12, 2021

This is a primary focus of an upcoming FreightWaves webinar this week on Thursday, January 14th, 2020, at 2 PM EST. Panelists for the event are Sudarsan Thattai, Chief Information Office for Lineage Logistics, and Ketan Karkhanis, Turvo’s Chief Product Officer, moderated by FreightWaves’ VP of Sponsored Content, Mary Anne Hensley.

Supply Chain Planning Software 52

Supply Chain Planning Software Webinar Supply Chain Software Supply Chains 52

Ship Monk

JULY 27, 2022

Put simply, demand forecasting uses a variety of data to foresee customer demand and inform major business decisions, from launching new products to finding the perfect 3PL partner. How often does inventory need to be replenished? 1 Market Research – Market research gathers crucial customer data by means of surveying.

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

EazyStock

JULY 7, 2020

This kind of software will help you understand how volatile your demand is and adjust your replenishment parameters as needed. When demand is unstable it’s wise to use qualitative forecast data, or human insights, to augment quantitative inventory forecasts for the most realistic demand projections possible. demand outliers.

Optimization Software 52

Optimization Software Supply Chain Software Modeling Software Inventory 52

GoShip Blog

DECEMBER 23, 2022

When this happens, many small business owners sell unavailable items on backorder and ship them to the customer after replenishing their inventory. The sudden increase in demand can be because of seasonal events like holidays, extreme weather, or social media trends. Out-of-stock vs backorder.

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Cost Reduction Material Savings 52

FreightWaves SONAR

JUNE 7, 2023

The reason they’re doing this is that they lack granular market data on contract and spot rates and prevailing service levels. Let’s look at some data. Unforeseen externalities like weather events, infrastructure issues or congestion in other modes can suddenly emerge to have an impact on rates and service.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Optimal Sourcing 52

EazyStock

MARCH 22, 2022

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. Use appropriate historical data. Use qualitative data.

Supply Chain Planning Software 52

Supply Chain Planning Software How To Supply Chain Design Software Supply Chain Software 52

EazyStock

NOVEMBER 17, 2022

It is also important to consider qualitative data. In the event of high demand for stock items, there is also a risk of tension between customers and suppliers. Building that communication with suppliers requires reliable data, regular communication, and transparency.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

It is also important to consider qualitative data. In the event of high demand for stock items, there is also a risk of tension between customers and suppliers. Building that communication with suppliers requires reliable data, regular communication, and transparency.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

It is also important to consider qualitative data. In the event of high demand for stock items, there is also a risk of tension between customers and suppliers. Building that communication with suppliers requires reliable data, regular communication, and transparency.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Procurement Solutions Purchasing Skills 52

Logistics Bureau

JANUARY 1, 2025

ABC System: A cost management system that maintains operational and financial data relating to an organisations activities, resources, objects, drivers, and measures. In EDI data standards this is referred to as an 856 transaction. It is upon such systems that ABC models are generated and maintained.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 76