Ship Monk

JULY 18, 2024

Today we’re going to look at some of the consumer trends that might affect your preparations for peak season 2024, and strategies to maximize them. Data from each channel should be synced in real time, providing complete transparency throughout the fulfillment process.

Inventory Reduction 111

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 111

SYSPRO Smarter ERP

SEPTEMBER 27, 2021

Data is a crucial component of digital transformation in the manufacturing sector. However, data in itself is not a value driver. Many manufacturers aren’t maximizing the value from enriching data and missing out on opportunities to grow, optimize or manage risk. Share data for partnership and growth.

Manufacturing Procurement 105

Manufacturing Procurement Data Modeling Software Optimization Software 105

Logistics Viewpoints

APRIL 6, 2023

The shift from traditional purchasing to a collaborative supply chain network is not just a change in nomenclature; it represents a fundamental transformation in the way organizations manage their supply chains. The costs associated with purchasing these items hit the “operational expenses” components of the company’s financial statements.

Optimal Sourcing 131

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 131

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

ShipLilly

JUNE 28, 2021

Thankfully some strategies can be used to mitigate the cost. Companies have made it easier for customers to return products to maintain a competitive edge over other companies but as a result, nearly half of the products that are purchased are sent back to their suppliers, and returns have increased dramatically.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

Ship Monk

APRIL 23, 2024

Measuring your output will enable you to develop strategies toward reducing your output, and show your customers the progress you’re making. Sustainability Strategies for Ecommerce Businesses You’re not going to become a sustainable company overnight, so it’s best to attack the problem a little at a time.

Waste Reduction 104

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction 104

Logistics Viewpoints

MAY 10, 2022

Does it require manual data entry? Survey your users to avoid unseen pitfalls and make sure you’re actually purchasing a solution that provides a good user experience. Kyle has an MBA with a focus in Operations and Strategy from the Katz Graduate School of Business at the University of Pittsburgh and a B.S.

Vendor Strategies 122

Vendor Strategies Waste Reduction Cost Reduction Optimization Software 122

The Logistics of Logistics

FEBRUARY 12, 2021

Ilya was formerly a strategy and operations management consultant within the Big 4 with both PwC and KPMG, advising Fortune 1000 clients across healthcare, technology, and private equity verticals. Ilya Preston is the Co-founder and CEO of PAXAFE. Ilya earned a Bachelor of Science in International Business from the University of Indianapolis.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

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 200

Waste Reduction Cost Reduction Inventory Reduction Resource Reduction 200

Logistics Viewpoints

AUGUST 1, 2024

By embracing collaboration, real-time data, and a focus on sustainability, companies can build resilience, improve margins, and gain a competitive edge. They design their supply chain on a continuous basis and focus on ecommerce retailing strategies that segment their customer base according to buying behavior. Nari Viswanathan is Sr.

Supply Chain Design Software 165

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Scenario Planning 165

EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. This software links directly with your ERP and creates a daily list of purchasing recommendations based off the inventory data.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

The Logistics of Logistics

DECEMBER 6, 2021

Lauren is a seasoned maritime attorney and the founder of Squall Strategies , a boutique maritime consulting and legal solutions company and offers a wide range of consulting services to serve a variety of businesses and clients. Beagen is a seasoned maritime attorney and the founder of Squall Strategies, LLC. About Squall Strategies.

Inventory Reduction 195

Inventory Reduction Material Savings Maritime Supply Chain Software 195

FreightWaves SONAR

FEBRUARY 29, 2024

Housing starts are calling for lumber kits, industrial purchasers are ordering products for their projects, and construction companies are planning their moves and strategies for the year. Shippers often manage transportation for these projects with historical data, bids from trusted carriers and a lot of guesswork.

Purchasing Skills 59

Purchasing Skills Data Trends Sourcing Strategies 59

Logistics Viewpoints

MAY 13, 2024

The public cloud gives Coupa visibility to $6 trillion in transactional data that passes through their platform. “15 15 years ago, Coupa got customers to agree they could leverage their data for the benefit of the community,” Ms. This solution provides for purchase order collaboration. The best data makes for the best AI.

Procurement Solutions 147

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 147

FreightWaves SONAR

MARCH 3, 2021

The idea went something like this: There is no strategy without intelligence , so gain as much information as possible on the current state of things. The importance of data. But a key insight for us in the ecommerce supply chain domain was the importance of data. With insight in hand, identify the best problems to solve.

Supply Chain Software 90

Supply Chain Software Supply Chains Data Optimization Software 90

Logistics Bureau

NOVEMBER 28, 2024

Depending on how your systems are set up, this may be information you can rapidly pull out of other data bases. If not, this might be the right time to invest in a suitable (IT) solution, because these data will change and you will need them again to maintain and consolidate cost savings later. Manufacturers <6.8%

Cost Reduction 79

Cost Reduction Inventory Reduction Material Savings Expense Reduction 79

Logistics Viewpoints

OCTOBER 17, 2024

Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. Market Intelligence: Suppliers often have access to valuable business and supply market intelligence, which can inform a company’s strategy especially in the area of direct spend.

Supply Chain Planning Software 144

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 144

Ship Monk

SEPTEMBER 14, 2023

They’re researching before they purchase, and they’re purchasing wherever and whenever they see something they like. If you’re not employing a multichannel sales strategy, you’re clearly missing out. But what, exactly is a multichannel sales strategy, and is it worth the investment? What is a Multichannel Sales Strategy?

Inventory Reduction 64

Inventory Reduction Price Reduction Cost Reduction eCommerce 64

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

Manufacturing Procurement 149

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 149

Logistics Viewpoints

JUNE 9, 2022

Transparent data prepared especially for your logistics operation will get you easily through your peaks. This warehouse runs at a perfect optimum with fixed capital in the form of inventory balanced perfectly with sales and purchasing, and all the items perfectly distributed to the various storage areas of the warehouse.

Logistics Network Optimization Software 152

Logistics Network Optimization Software Optimization Software Supply Chain Planning Software Modeling Software 152

Stord

JULY 1, 2024

A brand’s goal is to maximize order value and repeat purchase rate, while minimizing variable product and shipping costs, optimizing ad costs, and keeping overhead costs low. To achieve this, brands need to have the historical data of every carrier shipping from one specified origin zip code (likely the warehouse) to the destination zip code.

Expense Reduction 78

Expense Reduction Cost Reduction Price Reduction Inventory Reduction 78

Dedola Global Logistics

MAY 22, 2024

This system will require all goods transported to or through the EU to have a complete Entry Summary Declaration (ENS) with additional safety and security data. This initiative will set a cap on emissions of certain greenhouse gases and require companies to purchase emission allowances.

Price Reduction 74

Price Reduction Compliance Strategy Logistics Network Optimization Software 74

Blue Grace Logistics

NOVEMBER 1, 2024

As more consumers and businesses move to online platforms for purchases, the shipping industry must adapt to new demands. Navigating urban areas, handling narrow delivery windows and meeting higher customer expectations require new strategies and investments in technology.

Price Reduction 106

Price Reduction Vendor Strategies Supply Chain Planning Software Cost Reduction 106

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. Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts.

Supply Chain Software 169

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 169

Material Handling and Logistics

SEPTEMBER 27, 2018

Kuebix offers 6 tips to fine-tune transportation strategies for the holidays: 1. The ability to integrate purchase orders automatically from an ERP system directly into the TMS cuts out paperwork and admin hours. “Black Friday, Cyber Monday and numerous holiday promotions all add to the huge spike in demand,” Clark added.

Supply Chain Software 161

Supply Chain Software Optimization Software Purchasing Skills Negotiating Skills 161

Logistics Business Magazine

OCTOBER 26, 2022

Driven by strong organic growth and a strategy of acquisitions to better meet market needs, the RAJA Group has become a key player in the field of business supplies and equipment. The post RAJA shares growth strategy with suppliers appeared first on Logistics Business® Magazine.

Material Savings 59

Material Savings Strategy Manufacturing Procurement Eliminating Excel in Purchasing 59

Logistics Viewpoints

JUNE 8, 2023

While the initial purchase cost of an existing platform may appear higher, the added benefits, scalability, and efficiencies it provides ensure lower costs over the long term and higher lifetime value. Purchasing technology from a vendor can be a complex task, especially when it comes to estimating costs.

Modeling Software 137

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 137

Material Handling and Logistics

AUGUST 31, 2018

The solutions to supply chain problems boil down to the right combination of three factors—technology, data and processes. Fundamentally, the solutions to supply chain woes boil down to the right combination of three factors—technology, data and processes. Data is a critical business asset. Trouble finding skilled labor”.

Supply Chain Design Software 145

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 145

Stord

NOVEMBER 13, 2024

BFCM by the Numbers Data from 2023 showed a record-setting turnout of 200.4 In addition to the surge of demand during this tight holiday window, brands have offered earlier offerings and expanded the sales period to encourage a longer shopping period enabling end consumers to allocate more towards holiday purchases.

Inventory Reduction 148

Inventory Reduction How To Cost Reduction Procurement Solutions 148

SYSPRO Smarter ERP

MAY 30, 2022

Using ERP to improve purchasing transparency. Purchases that are made outside the defined procurement process fall under dark purchasing. This may happen if someone with purchasing authority neglects to submit expenses properly. Data-driven decision making with ERP as a single source of the truth.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

SYSPRO Smarter ERP

NOVEMBER 1, 2021

Industries are facing the need to plan new strategies and invest more in technology to gain a stronger foothold. We live in a time where we can purchase almost anything with a click of a button. With the rise of digital transformation manufacturers can use ERP to implement their e-commerce strategies.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Inventory Reduction 111

SYSPRO Smarter ERP

NOVEMBER 18, 2024

An ERP system is a valuable asset for automotive distributors looking to leverage the data they create and use. An ERP provides a central repository for all a distributor’s data. The data can be used to identify inefficiencies in the supply chain, improve inventory management, and streamline operations.

ERP 98

ERP Optimal Sourcing Purchasing Skills Inventory Reduction 98

Logistics Viewpoints

FEBRUARY 3, 2022

planning offers an alternative to swinging the pendulum and as the strategy that provides the supply chain resilience leaders seek. As you evaluate strategies to mitigate risk and build resilience, beware of headlines blaming JIT inventory practices and recommending a move to JIC. A change to one link (e.g. on-time delivery).

Inventory Reduction 189

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Inventory 189

Material Handling and Logistics

SEPTEMBER 17, 2018

As retailers across the globe struggle with demands for both personalization and convenience, balanced with consumer skepticism on data privacy, JDA Software, Inc., Instead, this is a time for a retail rebirth,” said Lee Gill, group vice president, global retail strategy, JDA. with 23% of those using them to make purchases.

Procurement Solutions 116

Procurement Solutions Logistics Network Optimization Software Survey Vendor Strategies 116

Logistics Viewpoints

NOVEMBER 6, 2023

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Increasingly, companies will take sustainability criteria into account in their purchasing decisions. The data, which is reported on the EcoVadis platform, highlights the supplier’s emissions.

Supply Chain Planning Software 117

Supply Chain Planning Software Resource Reduction Procurement Analytics Material Savings 117

Logistics Viewpoints

NOVEMBER 19, 2024

When shoppers were asked what would put them off making more ecommerce purchases in the future, 21% indicated they’d had negative delivery experiences, 20% said deliveries were not reliable, and 17% were dissatisfied with the delivery process. Similarly, maintaining a strong chain of custody (e.g.,

Cost Reduction 104

Cost Reduction Resource Reduction Price Reduction Vendor Strategies 104

3PL Links

MARCH 11, 2024

Top 6 Most Important Inventory Optimization Strategies | Image source: Shipdepot Decreased output, unanticipated expenses, and delivery delays are just a few of the issues that can occur from a lack of inventory management. Discover six strategies for inventory optimization if your firm has been dealing with similar issues.

Inventory Reduction 48

Inventory Reduction Optimal Sourcing Expense Reduction Cost Reduction 48