Logistics Viewpoints

SEPTEMBER 20, 2022

This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations. We need planning platforms to keep up with all the changes. So what to do?

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 136

Logistics Viewpoints

NOVEMBER 1, 2024

They are designed for high-reach applications, capable of horizontal and vertical movement of payloads, and used for end-to-end applications, from inbound, replenish, and outbound tasks to all tasks in between. The data is accessible to state U.S. If found in violation, Temu could face fines of up to 6% of its global turnover.

Supply Chain Design Software 162

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 162

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 128

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Inventory 128

SYSPRO Smarter ERP

NOVEMBER 21, 2022

One of the biggest uncertainties of inventory management is how much stock to hold to meet changing demand. But for larger, complex environments, a more sophisticated inventory management system is needed to collect, process, manage and report on all the data, in as near to real-time as possible. The role of inventory management.

Optimal Sourcing 111

Optimal Sourcing Inventory Reduction Inventory ERP 111

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 160

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 160

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 112

Optimal Sourcing Transportation Inventory Reduction Supply Chain Planning Software 112

EazyStock

NOVEMBER 17, 2020

Many organizations have an enterprise resource planning (ERP) system to collect, store, manage and interpret data from a host of different businesses processes. This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities. What is ERP inventory management?

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

Conger

MAY 24, 2023

Want to learn about automatic replenishment? Keep reading to find out: What automatic replenishment is How it works Who can benefit from it Its advantages and disadvantages The different types Best practices for choosing a system and vendor And lots more! Table of Contents What Is Automatic Replenishment? Let’s dive in!

Replenishment 40

Replenishment Supply Chain Planning Software Supply Chain Design Software Optimization Software 40

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. ML algorithms help uncover insights within vast data landscapes.

Supply Chain Planning Software 133

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 133

Logistics Viewpoints

NOVEMBER 15, 2022

Still utilizing their legacy WMS, they were able to enhance overall DC productivity across all activities, including receiving, replenishment and other tasks that were unchanged by 10 percent. and a growing online channel, was using RF scanners to pick orders both for store replenishment and direct fulfillment, through their legacy WMS.

Optimization Software 149

Optimization Software Inventory Reduction Production Vendor Strategies 149

Logistics Viewpoints

SEPTEMBER 16, 2021

With peak shipping season approaching, companies continue to face supply chain risk as the pressure increases to meet customer and delivery expectations without adding cost. Limited Granularity of Data Leads to a Lack of Actionability. Traditional Inventory Replenishment Strategies No Longer Work.

Supply Chain Design Software 148

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 148

SYSPRO Smarter ERP

AUGUST 28, 2023

In today’s digitalized world, manufacturers must keep pace with the rapidly evolving technology landscape to remain competitive, agile, and to protect their electronic assets such as data. Updated ERP releases offer embedded analytics capabilities, integrating intelligence and data directly within the ERP system.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Optimization Software ERP 98

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

Blue Grace Logistics

JULY 11, 2024

Food and beverage shippers can achieve this by analyzing historical data and market insights. Working closely with retailers and distributors to gather real-time data can further enhance the accuracy of forecasts. Proactive strategies involve strategically positioning and replenishing inventory.

Inventory Reduction 90

Inventory Reduction Cost Reduction Optimization Modeling Supply Chain Planning Software 90

Logistics Business Magazine

NOVEMBER 23, 2023

Real-time data, including inventory, enables structural visibility in logistics, which leads to better resource allocation, reduced downtime and improved customer service. Dexory’s robot (pictured) automated inventory management, providing instant, continuous data. She describes the machine as an ‘autonomous data capture unit’.

Data 50

Data Optimal Sourcing Inventory Reduction Modeling Software 50

EazyStock

OCTOBER 20, 2020

Inventory control is a key function of supply chain management that maintains appropriate quantities of stock to meet customer demand. 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. Supplier lead times.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

SYSPRO Smarter ERP

DECEMBER 19, 2022

They have become applicable because the large amount of data they require is now created and stored by businesses, thanks to advances in computer technology. It uses historical data and applies statistical techniques to allocate resources in the most effective way to satisfy competing requirements. Inventory optimization.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

Logistics Viewpoints

MAY 4, 2022

Companies are facing a number of pressures today when it comes to meeting customer expectations. The initial resistance came from the omni-channel shift – inventory and location information into the cloud was seen as too much data to not have “on-hand.” This puts product availability at the heart of omni-channel operations.

Distribution 153

Distribution Ordering Optimal Sourcing Modeling Software 153

SYSPRO Smarter ERP

MAY 23, 2022

Manufacturers are heavily reliant on an effective workflow process to meet the requirements for ever changing customer needs, sustaining productivity levels and to thrive through continuous supply chain disruptions. ERP helps ensure that stocks replenished as and when orders arrive so that manufacturing can continue uninterrupted.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing ERP Optimization Software 105

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

SYSPRO Smarter ERP

DECEMBER 19, 2022

They have become applicable because the large amount of data they require is now created and stored by businesses, thanks to advances in computer technology. It uses historical data and applies statistical techniques to allocate resources in the most effective way to satisfy competing requirements. Inventory optimization.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

EazyStock

JUNE 24, 2020

It also offers improved efficiencies and powerful data insights, providing a wealth of functionality to help during these difficult times. The era of using spreadsheets to run reports and analyze data is over. Feedback and data from your sales team, customers and industry bodies can easily be added to forecasts to help fine-tuning.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

Logistics Viewpoints

DECEMBER 15, 2022

quintillion bytes of data every day. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. The retail industry is rich with data.

Optimal Sourcing 132

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 132

FreightWaves SONAR

MARCH 2, 2021

Companies are rapidly adopting and using real-time data to clearly understand challenges to better mitigate unexpected problems when they arise. In fact, logisticians should consider these top five use cases of increased visibility and data within logistics and how they improve throughput. Download the White Paper.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 52

EazyStock

AUGUST 28, 2023

In the rapidly evolving business landscape, staying ahead of the competition requires more than just good instincts – it demands data-driven decision making. When it comes to inventory management, relying on gut feelings and historical data may lead to inefficiencies, missed opportunities and incorrect inventory levels.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

FreightWaves SONAR

FEBRUARY 23, 2021

As experienced personnel retires, not enough hands come in to replace them to meet current levels of demand. However, it has no immunity to rising costs and fees, changes in taxes, mobile data expenses, and penalties. Unfortunately, ocean shipments data is rarely easily accessible or available for analysis by enterprise shippers.

Maritime 84

Maritime Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 84

GlobalTranz

MARCH 22, 2016

Replenishment. These periods of measurement allow for a comprehensive overview of the picking performance and also help planning other processes such as goods in and replenishments to in order to run peak times for picking without running into out of stock situations at pick locations. Replenishment. Safety/OSHA. Goods Received.

Supply Chain Design Software 81

Supply Chain Design Software Replenishment Supply Chain Planning Software Supply Chain Software 81

SYSPRO Smarter ERP

JUNE 19, 2023

In comparison while ERP systems collect and manage data across the business, including inventory management, they lack the comprehensive capabilities of a dedicated WMS. Smaller warehouses with fewer inventory items and less complex operations will find that their ERP system adequately meets their needs.

ERP 98

ERP Inventory Reduction Resource Reduction Cost Reduction 98

GlobalTranz

NOVEMBER 3, 2015

Unfortunately, this includes all possible processes, data collection points, and inbound to manufacturing areas. Automated Data Collection. Modern warehouse management demands bar codes or radio frequency identification (RFID) to automatically track and collect data about an item. System-Directed Replenishment.

Inventory Reduction 112

Inventory Reduction Vendor Strategies Cost Reduction Waste Reduction 112

Stord

NOVEMBER 13, 2024

BFCM by the Numbers Data from 2023 showed a record-setting turnout of 200.4 If you cannot nail the basics on a random Tuesday in July, there is no reason to expect your systems will be capable of managing the massive spikes in demand while meeting consumer expectations. million shoppers during Cyber Week in the USA. Win Your Inventory.

Inventory Reduction 148

Inventory Reduction How To Cost Reduction Procurement Solutions 148

SYSPRO Smarter ERP

APRIL 26, 2023

An ERP system brings financial, manufacturing, and business data into one central place so staff and management can have a complete view of how different business areas are working in real-time. Data from the system can then be used to track how corrective actions are making improvements.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing ERP Supply Chain Design Software 98

Logistics Bureau

OCTOBER 10, 2022

Instead, your company’s optimal inventory performance will be such that you can meet the service levels you aspire to (or to which your customer agreements commit you) with the barest minimum negative impact on profit and working capital. Ignoring the presence of forecast biases which skew replenishment patterns.

Inventory Reduction 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

Logistics Bureau

JULY 18, 2022

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. Once you have gathered the data relating to your customers’ needs, you should be able to see if a single logistics strategy will work for your entire customer base, or whether you need to take a segmented approach.

Inventory Reduction 116

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 116

SYSPRO Smarter ERP

MAY 10, 2022

Demand forecasting : Data on sales history should be available to produce forecasts. Backward scheduling is a feature that allows due dates for the completion of orders to generate manufacturing orders to meet those dates.

Manufacturing Procurement 111

Manufacturing Procurement ERP Procurement Solutions Optimal Sourcing 111

CH Robinson Logistics

DECEMBER 15, 2021

However, with this year’s volatility, I was also given a front-row seat to a new level of hyper collaboration – including individuals going out of their way to help each other, more strategy sessions between shippers and forwarders, and continually leaning into historical data and current market insights to find smarter solutions.

Sourcing Strategies 90

Sourcing Strategies Global logistics Cost Reduction Inventory Reduction 90

SYSPRO Smarter ERP

DECEMBER 13, 2021

The Supply-Chain Operations Reference model (SCOR), a process reference model for supply chain management , provides six high-level processes that a company must execute in order to meet the primary objective of fulfilling customer orders. Data-driven inventory management. Plan, Source, Make, Deliver, Return, Enable.

Inventory Reduction 122

Inventory Reduction Inventory Sourcing Strategies Supply Chain Planning Software 122

Logistics Bureau

SEPTEMBER 28, 2020

It is at this level that 4PL providers come into their own, making use of digital technologies such as big data and cloud computing to maintain visibility in every link in the supply chain. Missed delivery deadlines or depletion of stock without replenishment quickly sends out a negative signal and chases customers away. 4) Industry.

4PL 118

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