Logistics Viewpoints

MAY 3, 2021

Supply chain collaboration networks, which provide wide ranging visibility to events occurring upstream and downstream in supply chains, can help companies be more agile. An EDI VAN enables the secure exchanges of electronic business documents, such as purchase orders and invoices, with trading partners—via electronic data interchange format.

Supply Chain Software 115

Supply Chain Software Supply Chains Manufacturing Procurement Optimal Sourcing 115

Logistics Bureau

JUNE 14, 2021

If, like many business leaders, you’re looking for ways to make your supply chain more resilient to major disruptions and black swan events, you might like to consider initiatives based on the following guiding principles. Lessons From a Pandemic. Improving the way that managers, employees, and functional teams communicate with one another.

Supply Chain Planning Software 85

Supply Chain Planning Software Optimal Sourcing Supply Chains Inventory Reduction 85

Ship Monk

OCTOBER 6, 2021

Towards the tail end of the ‘60s, three key events happened in quick succession: In 1968, The Advanced Research Projects Agency (ARPA) commissioned the world’s first routers. In 1969, the military developed ARPANET to ensure that critical lines of communication would be maintained in the event of a nuclear attack. Great choice!).

eCommerce 98

eCommerce Logistics Network Optimization Software Modeling Software Military 98

EazyStock

JULY 22, 2021

But first – let’s get a definition: What is inventory demand forecasting? Understanding how these seasonal factors affect your customers’ purchasing habits will help you take advantage of peaks in demand and plan for the troughs. or unpredictable events (a competitor going out of business, natural disasters, etc.).

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

EazyStock

OCTOBER 20, 2020

Firstly, let’s get a few definitions: What is inventory control? Qualitative factors: Add any qualitative forecasting factors into your data, such as sales promotions, competitor activity or external market events. You can only optimize stock levels when you have informed inventory purchasing practices. Know your star products!

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

GlobalTranz

MAY 20, 2015

The US quality guru Joseph Moses Juran (born 1904 in Romania ) divides the supplier quality assurance process into nine steps: definition of the product’s quality requirements, evaluation of alternative suppliers. The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 99

Procurement Analytics Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 99

GlobalTranz

SEPTEMBER 7, 2017

Today supply chains stretch around the globe, and few supply chain can exist within a single country without selling or purchasing products or raw materials from other countries. If the responsible party does not accept liability , should damage or another event occur that could result in the filing of a claim.

Freight 82

Freight Cost Reduction Purchasing Skills Expense Reduction 82

Freightos

MAY 31, 2022

I can walk into a local shop and purchase products from all around the globe. This isn’t just about consumerism; it’s inspiring to think that in purchasing an imported product, we are, in a tiny way, helping provide employment for people across our planet, often in developing countries. I started Freightos a decade ago, in 2012.

Purchasing Skills 62

Purchasing Skills Supply Chain Planning Software Manufacturing Procurement Logistics Network Optimization Software 62

Ship Monk

JANUARY 8, 2024

They’re everywhere from the milk you buy in the grocery store to the cosmetics you purchase at the mall. Definitely not. However, the ecommerce brand is responsible for their own lot traceability of products in the event of a recall. Exaggeration?

eCommerce 104

eCommerce Food and Agriculture Temperature Compliance 104

Logistics at MPEPS at UPV

MAY 7, 2022

By definition, Incoterms are a set of 11 globally accepted standards, issued by the International Chamber of Commerce (ICC), that specify sellers’ and purchasers’ duties. They are updated on a regular basis when major international trade events occur. In 1936, they were formally classified as Incoterms.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Definition Document 52

Talking Logistics

FEBRUARY 20, 2018

If you’ve ever purchased a transportation management system (TMS) for your organization – or any enterprise software – you know that the term “software as a service” (SaaS) gets thrown around a lot. Don’t settle for buzzwords and don’t assume that you and your vendor have the same definition of a term.

Modeling Software 84

Modeling Software Logistics Network Optimization Software Modeling Data 84

Logistics Business Magazine

JULY 1, 2022

Over the past two years, many things have changed fundamentally in the industry, including purchasing and consumer behaviour. Having in-depth conversations was an obvious outcome of the events of the last two or so years, where many parameters have undergone fundamental changes where there is no going back. Q: Instead…?

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 54

Logistics Viewpoints

MARCH 3, 2023

Women’s History Month is an annual declared month that highlights the contributions of women to events in history and contemporary society. And while this definitely points to an industry making strides, a recent Procurious survey found that 75 percent of women in supply chain experience gender-based adversity.

Supply Chain Planning Software 110

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Design Software Supply Chain Software 110

GlobalTranz

FEBRUARY 25, 2021

Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics.”. Normally, logistics deal with events that bring the product towards the customer. Customers expect to return products in the same way they purchased them, so it is not always as simple as just returning to a store.

Reverse logistics 84

Reverse logistics Inventory Reduction Manufacturing Procurement Cost Reduction 84

Globalior

MAY 4, 2020

Moreover, the buyer will be the contracting party with the main freight forwarder and hence be in the best possible position to provide support in the event of a challenge or issue raised by authorities. The buyer can also choose not to purchases insurance if not necessary.

Purchasing Skills 52

Purchasing Skills Freight forwarding Cargo Freight 52

Logistics Bureau

JANUARY 1, 2025

Acknowledgement: In purchasing, acknowledgement is the term used to describe a suppliers confirmation that the buyers purchase order has been received, and hence, that the order is accepted. However, the seller is obliged to purchase freight insurance covering the shipment through to the port of discharge.

Supply Chain Planning Software 76

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

Logistics Bureau

AUGUST 7, 2023

3 Steps to Improved Reverse Logistics Three of the most critical tasks in managing returned inventory are determining which products should, or should not, be accepted as returns, calculating the cost of returns, and establishing a definitive course of action based on the condition of each item and the policies that apply to it.

Inventory Reduction 98

Inventory Reduction eCommerce Inventory Procurement Solutions 98

Ship Monk

FEBRUARY 12, 2024

They got what they paid for; no mystery or misleading turn of events. A strong customer service game before a purchase is made can help reduce returns. As you merge further into this new year, definitely keep this advice in mind and optimize wherever and whatever you can so that your margins stay as healthy as possible.

Inventory Reduction 59

Inventory Reduction Material Savings eCommerce Resource Reduction 59

Ship Monk

SEPTEMBER 12, 2023

But first a few definitions. Your job will be to heavily promote your page via email, events, social media, or any other method you can think of. So today we’re going to talk about the benefits and challenges of crowdfunding campaigns to finance new product launches. What is Crowdfunding? Communication isn’t everyone’s cup of tea.

eCommerce 69

eCommerce Modeling Software Ordering Procurement Solutions 69

Logistics Business Magazine

JUNE 13, 2022

Over the past two years, many things have changed fundamentally in the industry, including purchasing and consumer behaviour. Having in-depth conversations was an obvious outcome of the events of the last two or so years, where many parameters have undergone fundamental changes where there is no going back.

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Software Modeling Software Procurement Solutions 54

Camelot 3PL Software

JANUARY 14, 2021

But it is possible to reposition inventory to better respond to such events. According to a report by the Geneva-based International Federation of Red Cross and Red Crescent Societies (IFRC), global warming is not a direct cause of droughts or hurricanes, but it increases the frequency and exacerbates the risks of such events.

Inventory 52

Inventory Supply Chain Planning Software How To Procurement Analytics 52

Locus

DECEMBER 15, 2022

Delivery exceptions are circumstances where packages are temporarily delayed in transit due to unexpected events. If you’re getting continuous WISMO (Where Is My Order) calls in this manner, it is definitely bad news. Unanticipated events. These unanticipated events are out of human control and confined to a region.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Procurement Analytics 52

Logistics Bureau

JUNE 5, 2023

Cheap imported tyres can deliver savings for your distribution fleet, but they may not be suitable for retreading, meaning you will need to purchase new tyres more often. Meanwhile, a high-quality tyre, costing more to purchase initially, can see its usable life extended by 50% to 90% with each retread.

Cost Reduction 91

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 91

GlobalTranz

MAY 23, 2016

In the event of an accident, an international shipment’s value could be lost without an appropriate standard of coverage, leaving the shipper to pay the full cost. This definition alone shows how an audit can directly lead to the identification of problems in a given shipping process.

Cost Reduction 54

Cost Reduction Inventory Reduction Freight Purchasing Skills 54

Logistics Bureau

MAY 4, 2016

Time, speed and flexibility metrics to measure how fast the supply chain responds to events. Cash-to-cash (total cycle time from materials purchase to customer payment). Problems in definition of the measure. There is also the case where the performance measurement is relevant, but the definition may be ambiguous or faulty.

Supply Chain Design Software 56

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 56

Bringg

DECEMBER 27, 2017

On the other hand, customers are always aware of the status of their purchase and have the ability to interact with their driver directly if need be. Customers are increasingly demanding and worried about the supply chain behind their purchases. But transparency can go far beyond efficiency, comfort and value.

Optimal Sourcing 48

Optimal Sourcing Sourcing Strategies Logistics Network Optimization Software Supply Chain Software 48

3PL Links

AUGUST 18, 2023

The definition of inventory management, however, is the skill of managing these conflicting aims, directing strategies, and appropriately prioritizing objectives in the face of this scenario. With this strategy, the shop may maintain a wide range of products in stock without having to make significant upfront purchases.

Inventory Reduction 48

Inventory Reduction Inventory Purchasing Skills Price Reduction 48

ShipLilly

AUGUST 19, 2021

The basic definition of cargo insurance is, a pool of risks to cover individual liabilities when an incident occurs during the management of cargo that subsequently leads to losses. The events covered could also be restricted from the outset. Despite its name, certain events or instances may be excluded. All Risk Coverage.

Cargo 52

Cargo Packaging Purchasing Skills Cost Reduction 52

GlobalTranz

AUGUST 9, 2016

Perform Transportation Daily Event Management. Cost savings result from disciplined, daily event management and hour-to-hour focus on waste identification and reduction. Super-single tires also offer better brake cooling and better traction in snowy conditions, both of which are definite benefits—especially in mountainous regions.

Waste Reduction 53

Waste Reduction Cost Reduction Inventory Reduction Price Reduction 53

Ship Monk

NOVEMBER 14, 2022

For others, they’re signs of elevated stress levels, which can definitely lead to eating way too many cookies. We typically make the same kind of purchases throughout the year, but when the holidays roll around, it becomes a different story. We not only increase the frequency of our purchases but also the diversity.

eCommerce 52

eCommerce Material Savings Inventory Reduction Cost Reduction 52

Transporeon

MARCH 22, 2018

5 benefits of the expressive bidding approach to freight RFQs # 1: Synergies through individual lane bundling We know the situation from the spot market: In the event of missing connecting loads or to avoid empty runs, freight forwarders offer a shipment partially below cost. Harvest this low-hanging fruit!

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48

Logistics Bureau

JANUARY 21, 2025

Problems in definition of the measure. The case of Dell mentioned above concerned the definition of the wrong performance measurement, although Dell was smart enough to check with customers and choose a better mix of metrics afterwards. Purchase Price Variance (PPV) is an example.

Supply Chain Design Software 40

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

Locus

MARCH 27, 2024

Instead of every order piling onto the delivery system, customers become willing participants in the logistics chain, picking up their purchases at their convenience. Read Also: The Definitive Guide to Logistics Route Optimization 4.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

Ship Monk

JANUARY 20, 2023

A manufacturer purchases steel from a supplier and turns it into tiny gears to make watches. Wholesalers and retailers exist for this very reason, so that buyers can purchase finished goods in various quantities. To the supplier, the steel is merchandise inventory (a.k.a. finished goods). There are three main MOQ types: 1.)

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Material Savings 52

Logistics Bureau

DECEMBER 26, 2016

Task your management team with developing a clear definition of your supply chain , its structure and strategy , and with carrying that definition to all functions in your enterprise. That makes little sense given the proportion of business costs involved in purchasing, warehousing, and transportation.

Supply Chains 53

Supply Chains Cost Reduction Inventory Reduction Material Savings 53

Conger

MARCH 28, 2024

Introduction to Fleet Management Fleet Management Definition Businesses across all sectors depend on commercial vehicles to transport people and products daily from cross-country delivery services to your neighborhood gas and oil provider. You can obtain this data from fuel purchase records, fuel card usage, or telematics systems.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

ShipLilly

MARCH 20, 2023

For instance, they use spot rates nearly in real-time while describing a projection level based on definitive aggregate indices collected monthly but being reported 35 days after the pertinent period. In fact, the problem could be that the index creators are trading timelines. The major buyers were Europe and North America.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 52