Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

Negotiating Skills 103

Negotiating Skills Purchasing Skills Cost Reduction Analysis 103

Logistics Viewpoints

NOVEMBER 16, 2023

This article is from Descartes Systems Group and looks at how companies can reduce lead times with real-time data. Lead time in the supply chain is the total time from when a customer order, or purchase order, is placed and when the goods are received. What is lead time? First, let’s define lead time.

Inventory Reduction 160

Inventory Reduction Material Savings Vendor Strategies Expense Reduction 160

The Logistics of Logistics

FEBRUARY 16, 2024

Specializing in enhancing post-purchase experiences, the Outerspace team crafts tailored solutions that transcend the one-size-fits-all approach, driving brands toward exceptional growth. Data-Driven Insights: Their technology platform provides real-time visibility and analytics to empower brands with data-backed decisions.

3PL 247

3PL Logistics Network Optimization Software Optimization Software Procurement Solutions 247

The Logistics of Logistics

MARCH 21, 2022

Bill is the Founder & CEO of OneRail , a final mile delivery orchestration platform providing real-time visibility, actionable data, and data-driven optimization capabilities for its enterprise clients. Bill Catania and Joe Lynch discuss the OneRail story. About Bill Catania. Key Takeaways: The OneRail Story.

Optimization Software 195

Optimization Software Negotiating Skills Purchasing Skills Logistics Network Optimization Software 195

Logistics Viewpoints

AUGUST 18, 2021

Furthermore, there is much discussion about the word “transitory,” as used by Federal Reserve Chairman Jerome Powell to describe what he believes is like a short-term phase of price increases. Data as recent as the end of June 2021 show that inventories remain below 1.3 This Summer’s Sales, Prices, and Supply Chain Performance.

Supply Chains 197

Supply Chains Manufacturing Procurement Purchasing Skills Price Reduction 197

Ship Monk

APRIL 5, 2024

The last time they raised prices? So much attention is paid to negotiating the price of the goods and coordinating the delivery that very little thought goes into the quality of the relationship and how improving it might help you both. If I don’t like the price or the quality, I just go elsewhere! If so, good on you!

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

Logistics Viewpoints

OCTOBER 17, 2024

Supply Chain Knowledge and Risk Mitigation: Suppliers have a direct impact on direct spend with raw material and transportation costs as two big drivers of operating margins. Focus on Long-Term, Strategic Partnerships Shift the focus from short-term cost savings to long-term value creation with suppliers.

Supply Chain Planning Software 142

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 142

Logistics Viewpoints

JUNE 7, 2023

First, what are some things companies can do to reduce delivery costs and how does technology play a role? Third, how can both retailers and logistics providers better cooperate to provide enhanced service and reduced costs? Reducing Cost per Delivery Reducing cost per delivery is a critical KPI for companies.

Cost Reduction 123

Cost Reduction Purchasing Skills Logistics Network Optimization Software Optimization Software 123

Logistics Viewpoints

JUNE 8, 2023

Technology for All In a retail era dominated by e-commerce giants, customer expectations have shifted towards instant product delivery at no cost. Previously, only large companies such as Amazon and FedEx possessed the network and scale required for cost-effective same-day and next-day shipping.

Modeling Software 135

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 135

SYSPRO Smarter ERP

OCTOBER 9, 2023

Cost efficiency, quality management and traceability are major issues for companies in this region. Managing costs With the demand for fabricated metal products growing so much, production runs are increasing as are the costs. The significant cost items are labor, materials and machinery.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. How will total landed costs be impacted by adding a new supplier? How do we best handle surging transportation costs?

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 170

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 147

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 147

Logistics Viewpoints

OCTOBER 18, 2023

Or have these concerns been replaced with cost-price inflation and compressed profit margins? Source: J.P. The World Trade Organization publishes lots of insightful data on global trade – including trade indexes. Manufacturing Purchasing Managers Indexes The J.P. But what about now?

Manufacturing Procurement 176

Manufacturing Procurement Purchasing Skills GEP Price Reduction 176

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. This includes internal and external data sources.

Supply Chain Planning Software 164

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 164

Material Handling and Logistics

SEPTEMBER 27, 2018

Shippers can leverage their negotiated rates from their existing carrier relationships, and compare the full depth of market pricing across the spot bidding marketplace to find the best rates for the best service or to find extra capacity to meet excess demand. Get more rates by connecting with more carriers.

Supply Chain Software 161

Supply Chain Software Optimization Software Purchasing Skills Negotiating Skills 161

SYSPRO Smarter ERP

NOVEMBER 18, 2024

For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. An ERP provides a central repository for all a distributor’s data.

ERP 98

ERP Optimal Sourcing Purchasing Skills Inventory Reduction 98

SYSPRO Smarter ERP

JULY 3, 2023

What is Machine Learning ML is the computing engine behind AI and gives computers the ability to make sense of, and learn, from data to perform specific tasks without manual interference. Nine areas where AI can help manufacturers There are several ways in which data and AI can be applied in the manufacturing industry. The Industry 4.0

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Data Optimization Software 98

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. This approach results in inefficiencies, higher costs, and missed opportunities. These costs fall within the “Cost of Goods Sold” components of the company’s financial statement.

Optimal Sourcing 129

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 129

Logistics Viewpoints

DECEMBER 18, 2024

Reliance on fossil fuels creates additional challenges: Economic Vulnerability: Volatile oil prices and geopolitical conflicts increase financial risks. Businesses face heightened uncertainty in managing costs and securing stable energy supplies. Transparent sourcing practices build trust among consumers and investors.

Supply Chain Design Software 84

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Software 84

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. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 128

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 128

Logistics Viewpoints

NOVEMBER 18, 2024

Energy management solutions are products that energy utilities use to produce power and data centers use to consume power. Like many companies, the French multinational produces a significant amount of its products in low-cost nations. But since COVID,” Mr. Botham explained, “there’s been a big drive to increase resilience.

Supply Chain Design Software 137

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Planning Software 137

Logistics Viewpoints

AUGUST 23, 2021

In one McKinsey survey of more than 100 large organizations in multiple sectors, companies that regularly collaborated with suppliers demonstrated higher growth, lower operating costs, and greater profitability than their industry peers. Depending on the industry, companies can see cost savings of 5 to 10% and revenue gains of 7 to 10%.

Collaboration 170

Collaboration Supply Chain Planning Software Optimal Sourcing Modeling Software 170

The Logistics of Logistics

APRIL 12, 2019

Most transportation providers help their customers save money by reducing freight costs – negotiating better rates, finding cheaper carriers, volume, different modes, etc. We deal with the sales, operations and production, purchasing, finance and accounting, supply chain, and C-level. [09:08] 20:47] What’s new at Customodal?

Negotiating Skills 180

Negotiating Skills Purchasing Skills Freight Manufacturing Procurement 180

Logistics Bureau

NOVEMBER 6, 2023

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.

Cost Reduction 116

Cost Reduction Purchasing Skills Waste Reduction Material Savings 116

Logistics Viewpoints

JANUARY 26, 2021

This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. To meet customers’ growing expectations for personalized offerings, the typical company’s product lines have grown exponentially. A Positive Example.

Supply Chain Software 169

Supply Chain Software Definition Supply Chain Planning Software Supply Chains 169

Logistics Viewpoints

MARCH 9, 2023

This is because most classical planning solutions lack the modeling capability and computing power to accommodate different data sources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. each with discrete plans generated typically in sequential batch runs.

Supply Chain Planning Software 134

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 134

3PL Links

NOVEMBER 12, 2024

Image source: Pexels | 7 Cost-Saving Tips Every Supply Chain Manager Should Know Managing costs effectively is crucial for success in the competitive supply chain world. With logistics, labor, and inventory costs on the rise, finding targeted ways to reduce expenses can have a significant impact on your bottom line.

Cost Reduction 62

Cost Reduction Material Savings Supply Chain Software Supply Chain Planning Software 62

Logistics Viewpoints

AUGUST 1, 2024

According to Bloomberg , the coffee supply chain is struggling with constrained supply and increase in prices is inevitable. By embracing collaboration, real-time data, and a focus on sustainability, companies can build resilience, improve margins, and gain a competitive edge. Traditional, linear supply chains struggle to adapt.

Supply Chain Design Software 163

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Scenario Planning 163

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 127

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 127

Logistics Bureau

NOVEMBER 28, 2024

Supply chain costs often represent a considerable percentage of the sales price of a good or service. Cost savings flow directly to the bottom line. If net profit on sales is 5%, for example, a reduction in supply chain costs from 9% to 4% (or from 12% to 7%) will double net profits. And What Should it Cost You?

Cost Reduction 79

Cost Reduction Inventory Reduction Material Savings Expense Reduction 79

SYSPRO Smarter ERP

JANUARY 17, 2022

This is further processed into even more intricate calculations for a computer to understand, which is all data. Data is raw facts, figures and statistics that is further processed to produce useful output, known as information. The exponential growth of data. Data-driven manufacturing and distribution.

ERP 105

ERP Data Manufacturing Procurement Inventory Reduction 105

AIMMS

NOVEMBER 2, 2020

This can result in different teams using different data formats, diverging results from data analysis, and hence poorly aligned decision making. These are many issues that arise when teams don’t have a centralized S&OP workflow and common access to data. They had no centralized purchasing process.

Supply Chain Planning Software 127

Supply Chain Planning Software Purchasing Skills Cost Reduction Optimal Sourcing 127

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

Material Handling and Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. In a recent Forrester study, they found the problem to be poor quality data. Master Innovation.

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

Logistics Viewpoints

DECEMBER 2, 2021

There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.

Waste Reduction 198

Waste Reduction Cost Reduction Inventory Reduction Resource Reduction 198

Logistics Viewpoints

FEBRUARY 11, 2021

Over the years, cost and efficiency ruled the supply chain agenda. At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail.

Manufacturing Procurement 144

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Procurement Solutions 144

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. The public cloud gives Coupa visibility to $6 trillion in transactional data that passes through their platform. “15 The best data makes for the best AI.

Procurement Solutions 145

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 145