Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. . Accurate and timely reconciliation of purchase orders with receipts.

Supply Chain Planning Software 164

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

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The supply chain design solution, for example, continues to grow in depth and usability. Coupa meets this definition. That has recently changed.

Supply Chain Design Software 158

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 158

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? And when we feel uncertain, humans tend to look for examples of what others in our situation have done. In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions.

eCommerce 105

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 105

The Lean Thinker

DECEMBER 9, 2022

The work also met every definition of “difficult, dirty and dangerous.” When “trams” (coal carts) were in short supply, for example, the “trammers” would horde carts to optimize their team’s performance at the expense of other teams being limited by the number of carts available.

Modeling Software 259

Modeling Software Optimization Software Expense Reduction Resource Reduction 259

Logistics Viewpoints

MARCH 9, 2023

The solution should integrate easily with various internal and external data sources and processes, model constraints at a granular level, use common parameters throughout the supply chain with a single source of truth, provide detailed plan scenarios, and leverage new technology for speed.

Supply Chain Planning Software 163

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 163

Logistics Bureau

DECEMBER 22, 2024

A KPI is a practical and objective measurement of progress, either: Towards a predetermined goal, or Against a required standard of performance It might help to think of a KPI as something like an instrument on a car dashboarda speedometer, for example. Why Are KPIs Important?

Supply Chains 89

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 89

SYSPRO Smarter ERP

NOVEMBER 3, 2021

can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES). Freight bill accuracy : Whether shipping from factory to warehouse, or to the customer, this metric helps identify problems in billing operations.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 105

Logistics Viewpoints

JANUARY 3, 2022

The devices are surprisingly inexpensive, costing $350-500 per vehicle per year depending upon the volume of devices purchased. These kinds of solutions have been available for a few years and customers report robust reductions in safety incidents. The first units are to be delivered in early 2022. million miles.

Trucking 183

Trucking Trends Modeling Software Logistics Network Optimization Software 183

Logistics Bureau

JANUARY 7, 2020

The definition above is not from any textbook, but is one that I am sure you will agree, describes a state of affairs that any corporate leader or business owner would be happy to attain. . Conversely, just 8% of businesses with less capable supply chains report above-average growth. Mini Case Study: Walmart.

Supply Chain Design Software 133

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 133

Logistics Bureau

JANUARY 9, 2019

The definition above is not from any textbook, but is simply one that I’m sure you’ll agree, describes a state of affairs that any corporate leader or business owner would be happy to arrive at. Conversely, just 8% of businesses with less capable supply chains report above-average growth. Mini Case Study: Walmart.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

Logistics Bureau

JANUARY 1, 2025

The inventory value for each item is obtained by multiplying the annual demand by unit cost and the entire inventory is then ranked in descending order of cost. However, the classification parameter can be varied; for example, it is possible to use the velocity of turnover rather than annual demand value.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 91

Logistics Bureau

JANUARY 21, 2025

To paraphrase a saying, the road to supply chain hell is paved with good intentions and bad metrics. On surveying its corporate customers, however, the company discovered that product standardisation and reliability were often more important to its business clientele, and adjusted its offering and its metrics appropriately.

Supply Chain Design Software 48

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 48

Ship Monk

JANUARY 11, 2024

Today we’re going to talk about what you can do, before and after the purchase, to mitigate the damage returns can have on your brand. Sunken costs: This includes the labor and packaging to fulfill the original order, plus shipping, insurance, duties, and any other fees. the cost of goods sold). Let’s take apparel, for example.

Procurement Solutions 111

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 111

GlobalTranz

FEBRUARY 25, 2021

Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics.”. For example, the reverse logistics process includes the management and the sale of surplus as well as returned equipment and machines from the hardware leasing business.

Reverse logistics 84

Reverse logistics Inventory Reduction Cost Reduction Manufacturing Procurement 84

Logistics Viewpoints

JUNE 28, 2021

And it is not the “last mile” – the distance between an exit off a highway to a destination site – a factory, warehouse, or store for example. Their technology includes a 1,000-meter perception range, 35 second planning horizon, high-definition maps with accuracy within five centimeters, and a fully redundant sensor suite and components.

Trucking 98

Trucking Logistics Network Optimization Software Cost Reduction Procurement Solutions 98

Trinity Logistics

OCTOBER 16, 2020

Many companies report savings after adopting greener courses of action. Their energy consumption, waste, and emissions will vary, and it’s in your best interest to keep track of environmental metrics alongside performance. #2 For example, ocean transportation is a notable contributor to global sulfur emissions.

Material Savings 63

Material Savings Waste Reduction Cost Reduction Logistics Network Optimization Software 63

GlobalTranz

NOVEMBER 10, 2015

For these companies, the use of a dedicated transportation management system, such as Cerasis™ Rater , can be deployed to lower transportation costs across the entire supply chain. However, costs can be further reduced through the use of a warehouse management system (WMS). Scalability.

Supply Chain Planning Software 90

Supply Chain Planning Software Optimization Software Inventory Reduction Cost Reduction 90

WorkWave

MARCH 24, 2021

From keeping up with which keywords you should be targeting to evaluating how viewers are responding to various elements of your ads, sprucing up your SEM campaigns should definitely be on your digital marketing to-do list this year. Utilizing Call Extensions and Call-Only Ads for Home Service Businesses. Understanding Return on Ad Spend.

Digital 72

Digital Optimal Sourcing Optimization Software Procurement Analytics 72

Logistics Business Magazine

JUNE 2, 2022

. “We definitely wanted to avoid customer-specific adaptations and were able to bring transparency to the supply chain within a few months with the new software generation. Emails, phone calls, and Excel spreadsheets are now a thing of the past,” reports Ralf Seggering, Head of IT and member of the management team at Walbusch.

Supply Chain Planning Software 50

Supply Chain Planning Software Supply Chain Software Procurement Solutions Logistics Network Optimization Software 50

Trinity Logistics

MAY 24, 2024

For example, some policies may dictate that the truck must travel within a specific radius only and cannot be left unattended unless in a secured lot. Unfortunately, the definition of “secured lot” is wide-ranging and debatable. The Federal Trade Commission (FTC) recently reported that the top scam type for 2023 involved imposters.

Cargo 93

Cargo Digital Sourcing Strategies Resource Reduction 93

Ship Monk

JUNE 30, 2023

There seem to be about a million metrics to watch if you want to run a successful ecommerce business. You can track as many metrics as you want, but not every performance indicator qualifies as a KEY performance indicator (KPI) for your ecommerce business. Let’s start with some definitions. Which ones are the most important?

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

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 117

Inventory Reduction eCommerce Inventory Procurement Solutions 117

Shipping and Freight Resource

SEPTEMBER 21, 2020

DEFINITELY NOT AN EASY OR SMALL JOB AND CERTAINLY NOT FOR THE FAINT OF HEART. A shipbroker’s role is to bring the shipowners and charterers together to facilitate the charter of a ship for the carriage of cargo or negotiating and accomplishing the sale and purchase of a ship.

Digital 94

Digital Optimal Sourcing Maritime Purchasing Skills 94

3PL Links

DECEMBER 2, 2022

We will address the following topics in this article: Inbound logistics definition and significance. This technique entails purchasing the primary raw material source in order to have more control over supply. Examples of Inbound Logistics Strategies. Duties of inbound logistics. Components of the inbound logistics.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Camelot 3PL Software

JANUARY 14, 2021

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. Preparation Is Nearly Everything. Focus On Disaster Relief Instead Of Stock Loss.

Inventory 52

Inventory Supply Chain Planning Software How To Procurement Analytics 52

GlobalTranz

JUNE 2, 2016

This model, I like to call an "embedded 3PL relationship.". The definition of "embedded" by itself is as follows, according to Dictionary.com : verb (used with object) , embedded, embedding: 1. Embedded 3PL Relationship Example. The current Logistics or Purchasing Manager wants an answer as to “WIIFM?”

3PL 52

3PL Manufacturing Procurement Optimal Sourcing Cost Reduction 52

Logistics Bureau

JUNE 5, 2023

Getting rid of vehicles might be challenging, but it’s worth striving towards as a cost-saving goal. 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. Low tyre pressure reduces fuel economy by around 0.2%

Cost Reduction 109

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 109

Logistics Business Magazine

JUNE 1, 2023

“We can report to our customers that 80 percent of our employees have been with the company for more than 18 years,” he explains. Experts also work in quality assurance, procurement services and executive consulting. Then all they need is an office and a warehouse,” Geuting reports. In order to supply around 8.3

Supply Chain Design Software 50

Supply Chain Design Software Supply Chain Software Procurement Solutions Logistics Network Optimization Software 50

Talking Logistics

FEBRUARY 7, 2019

The answer is not only yes, but definitely so. The base units may all come from a large factory nearby or attached to brand headquarters, for example, but certain components (features/options, different color choices, tailored sizes) are applied or paired up closer to the end consumer’s location.

Supply Chain Software 76

Supply Chain Software Supply Chain Planning Software Supply Chains Scenario Planning 76

Ship Monk

SEPTEMBER 19, 2022

It wasn’t until your business took off and they kicked you out that you began incurring holding costs a.k.a. carrying costs, and needed to learn what those are. So what exactly is holding cost? What is Inventory Holding Cost? Besides, today’s inventory management systems make tracking inventory costs much simpler.

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

GlobalTranz

MAY 23, 2016

For example, an insurance claim may require original Bills of Lading, notices of declination of coverage for specific shipments and more for the claim to be paid properly. 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

Morai Logistics

JUNE 5, 2019

However, it asks us to question whether a the right supply chain excellence model is being followed. Instead of presenting a single definition to explain supply chain excellence, let’s discuss how supply chains help organizations, like Adidas, succeed. billion people purchased goods online’ in 2018 ’; this valued at 2.8

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Supply Chain Software Supply Chains Strategy 60

GlobalTranz

DECEMBER 17, 2014

Truth: It’s Well Worth the Cost. While there is a cost associated with EDI integration, it is definitely worth it. The cost of EDI integration is immediately justifiable. For example, on average the cost savings from automating a manually processes purchase order is $9.89, for an invoice is $11.58

Supply Chain Software 93

Supply Chain Software Sourcing Strategies Expense Reduction Cost Reduction 93

ShipLilly

DECEMBER 7, 2022

Counting the cost of a trend that never really took off. During the Covid-19 pandemic, there was a definite shift toward online shopping. Indeed, the pandemic shift towards online purchases is now being reversed. For example, the online penetration of online footwear and apparel is expected to be 22%.

Purchasing Skills 52

Purchasing Skills Procurement Analytics Trends Manufacturing Procurement 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. An old-school security data model would mean 20 different integrations points – one for each customer instance.

Modeling Software 69

Modeling Software Logistics Network Optimization Software Modeling Data 69

Talking Logistics

DECEMBER 3, 2018

There is so much talk, and varying interpretations, about digital transformation, that I began our discussion by asking Roger for his definition and what he sees as the current adoption rate. What they really want is for it to be predictive rather than reactive. What they have is after-the-fact reporting — essentially old data.

Digital 60

Digital Supply Chain Planning Software Supply Chain Software Procurement Solutions 60

GlobalTranz

AUGUST 9, 2016

Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. Create daily route designs, complete real time track and trace, generate real-time metrics , and complete daily problem solving. Lean Transportation Examples for Carriers/Truckers.

Waste Reduction 53

Waste Reduction Cost Reduction Inventory Reduction Price Reduction 53