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 166

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 166

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Procurement Analytics 99

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

Logistics Bureau

NOVEMBER 3, 2024

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.

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 82

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 136

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 136

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

Ship Monk

FEBRUARY 3, 2024

These people are genuinely interested in your product — so much so, that they have purchased your products. Your products are different, your sales cycle might be longer or shorter, your customers are different — so it’s useless to compare your conversion rate, for example, to an industry average. How Often This is tricky.

eCommerce 105

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 105

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 136

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

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

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 ERP 259

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 51

Supply Chain Planning Software Supply Chain Software Procurement Solutions Logistics Network Optimization Software 51

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 110

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 110

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 52

Supply Chain Design Software Supply Chain Software Procurement Solutions Logistics Network Optimization Software 52

Ship Monk

SEPTEMBER 6, 2023

This is one of the simplest ecommerce metrics to calculate. For example, if your omnichannel ecommerce business processed 5,000 orders last month for a total of $300,000, the average order value for the month was $60. Because they sell enough volume to offset shipping costs. are more likely to purchase again.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Price Reduction 52

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

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 62

Material Savings Waste Reduction Cost Reduction Logistics Network Optimization Software 62

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

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

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 170

Trucking Trends Modeling Software Logistics Network Optimization Software 170

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

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 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 123

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 123

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

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

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 75

Cargo Digital Sourcing Strategies Resource Reduction 75

Transporeon

APRIL 4, 2018

These days, consumers are thinking carefully about environmental and sustainability issues when making their purchasing decisions. In general, companies can exert influence through shorter procurement channels and local sources of supply. For example, companies can split transportation over two or more different modes.

Optimal Sourcing 54

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 54

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 92

Trucking Logistics Network Optimization Software Cost Reduction Procurement Solutions 92

Locus

MAY 25, 2022

Take last-mile deliveries for example. But today, nothing can be more heartbreaking to a customer than a business breaking its delivery promise on their prized purchases. Consistently failIng to do so means definitely losing their confidence, which reduces your revenue, and a decline in profitability. 2021, Statista.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

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

Bringg

APRIL 18, 2021

According to an IBM Research Insights report, 57% of consumers are willing to change their eCommerce purchasing habits to help reduce their environmental impact. This definition includes the carbon footprint of the supply chain, dealing with waste disposal, packaging, recycling, reducing energy consumption, etc.

Green logistics 62

Green logistics Cost Reduction Waste Reduction Tips 62

Transporeon

APRIL 3, 2018

These days, consumers are thinking carefully about environmental and sustainability issues when making their purchasing decisions. In general, companies can exert influence through shorter procurement channels and local sources of supply. For example, companies can split transportation over two or more different modes.

Optimal Sourcing 48

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 48

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

Ship Monk

SEPTEMBER 29, 2022

If you want to dedicate your entrepreneurial time to that vital marketing and advertising, definitely lean on a 3PL fulfillment provider like ShipMonk that takes fulfillment stresses off your plate. We even have a post-purchase suite to help customers if anything goes wrong with a shipment they receive. Brand Everything.

eCommerce 52

eCommerce Inventory Reduction Supply Chain Planning Software Supply Chain Software 52

Logistics Bureau

NOVEMBER 15, 2021

Indeed, there is something of an art to using KPIs effectively, and it’s primarily in the appropriate selection of the right combination of metrics. KPIs become an invaluable tool for companies that get this right, guiding improvements to productivity, efficiency, cost, service, and safety. However, it’s not a definitive measure.

Inventory Reduction 62

Inventory Reduction Cost Reduction Expense Reduction How To 62

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

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 91

Inventory Reduction eCommerce Inventory Procurement Solutions 91

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. Take XYZ Retail for example, juggling 100 diverse orders ranging from on-demand to next-day deliveries. Read Also: The Definitive Guide to Logistics Route Optimization 4.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

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