IoT World Today

MARCH 27, 2020

These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. And “it’s a great tool,” but there are more sophisticated, more accurate tools to do sourcing. About 82% that use advanced analytical tools, according to Supply Chain Quarterly.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Procurement Analytics 145

EazyStock

MAY 11, 2021

In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition. How to Calculate ABC Classification. What’s the solution?

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

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. If the item can’t be recovered and resold, you’ve also lost the money you’ve invested in manufacturing or purchasing, shipping and storing it in your warehouse (a.k.a. the cost of goods sold).

Procurement Solutions 111

Procurement Solutions Inventory Reduction Material Savings Supply Chain Planning Software 111

Conger

JULY 24, 2023

A Toyota diesel forklift with pneumatic tires Let’s start with a pneumatic tire definition. Dealerships provide comprehensive solutions for industrial equipment needs. Purchasing from a dealership grants access to material handling experts who can assist in determining your requirements and troubleshooting any issues.

Definition 52

Definition Cost Reduction Purchasing Skills Eliminating Excel in Purchasing 52

WorkWave

AUGUST 27, 2019

Here’s how to start a lawn care business and ensure its success. If you don’t already own a lawnmower, weed eater, leaf blower, and other power machinery, purchasing those items will add up quickly. Purchasing Lawn Care Equipment. Read our guide on how to set lawn care pricing and quote jobs easily.

How To 44

How To Procurement Solutions Purchasing Skills Purchasing 44

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. When looking to improve inventory turnover, it’s important that inventory planners and purchasers only order items that have a demand in the marketplace.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? For more complex inventory classification, use inventory optimization software , which carries out multi-dimensional item categorization.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

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. The software centralizes data, provides real-time information, and automates tasks.

Optimization Software 74

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 74

EazyStock

JUNE 18, 2019

In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. How to Put your Data to Good Use. What’s the solution?

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Ship Monk

FEBRUARY 12, 2024

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. There is another side to that coin though.

Inventory Reduction 59

Inventory Reduction Material Savings eCommerce Resource Reduction 59

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

Procurement Analytics 99

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

Ship Monk

SEPTEMBER 19, 2022

Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. A lot goes into calculating total inventory costs , but the main inputs are purchasing (or manufacturing) costs and setup costs. How Can ShipMonk’s 3PL Software Help? So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

GlobalTranz

NOVEMBER 10, 2015

Recently we read from Software Advice their recent report, the 3PL budgeting guide , which listed how much should a 3PL budget and how to compare a Warehouse Management System. A WMS is the general term for the software that governs, monitors, and controls all processes within a warehouse. Implementation Costs.

Supply Chain Planning Software 90

Supply Chain Planning Software Optimization Software Inventory Reduction Cost Reduction 90

Ship Monk

JULY 7, 2022

It may sound tempting to force your customers into purchasing in larger quantities, but is it the best way to grow your business? Minimum Order Quantity Definition. Wholesalers and retailers exist for this very reason, so that buyers can purchase finished goods in various quantities. Minimum Order Quantity vs. Pricing Strategy.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

3PL Links

SEPTEMBER 5, 2016

What this means is that your first order of business is to figure out the things that impact your warehouse and distribution process in the first place so that you can then determine how to go about making the process more efficient, productive and profitable. The first tip is definitely a game changer. Automation. Set Vendor Policies.

Tips 59

Tips Distribution Vendor Strategies Procurement Analytics 59

Transporeon

APRIL 4, 2018

These days, consumers are thinking carefully about environmental and sustainability issues when making their purchasing decisions. Making the delivery of goods sustainable…but how? In general, companies can exert influence through shorter procurement channels and local sources of supply. Many companies utilize this methodology.

Optimal Sourcing 54

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

Camelot 3PL Software

JANUARY 14, 2021

The IFRC report showed a definite increase in the number of natural disasters since the 1960s, with a sharp 35% increase since the 1990s. Other businesses, such as hardware stores, may build up inventory of emergency items such as plywood and basic tools, rain gear, batteries, and flashlights.

Inventory 52

Inventory Supply Chain Planning Software How To Procurement Analytics 52

Ship Monk

FEBRUARY 16, 2023

Fast shipping at an affordable price is the solution. Requiring customers to spend a certain amount before qualifying for 2-Day shipping increases their basket sizes, which in turn allows you to make enough money from the purchases to absorb delivery costs and protect your profit margin. That’s a problem for ecommerce brands.

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

Ship Monk

DECEMBER 5, 2022

Stick with us and you’ll learn how to calculate landed cost — and how this number affects your profitability. Landed cost is the total cost of producing or purchasing a product and delivering it to a customer. How to Calculate Landed Cost. You might also look into producing or purchasing the goods domestically.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

EazyStock

JUNE 18, 2019

In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. How to Put your Data to Good Use. What’s the solution?

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

Ship Monk

JUNE 30, 2023

We’re going to show you how to identify KPIs for your business by breaking the process down into three parts. Let’s start with some definitions. Fortunately, most metrics are tracked automatically, using various tools and software systems. Metric: A metric is a measurable indicator that changes over time.

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

Ship Monk

APRIL 26, 2023

2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. Because if a customer needs an item urgently or by a deadline, is eager for an anticipated product, or is just impatient, slow shipping speed is a purchase deterrent.

eCommerce 98

eCommerce Purchasing Skills Eliminating Excel in Purchasing Procurement Solutions 98

Ship Monk

SEPTEMBER 26, 2023

Because it’s estimated that over 50% of all ecommerce purchases during the 2022 holiday season were made on a smartphone. Because at least 79% of smartphone users have made a purchase using their mobile device in the last 6 months. If you also happen to be an ecommerce business owner, you’d better be upping your m-commerce game.

eCommerce 64

eCommerce Optimal Sourcing Optimization Software Logistics Network Optimization Software 64

Transporeon

APRIL 3, 2018

These days, consumers are thinking carefully about environmental and sustainability issues when making their purchasing decisions. Making the delivery of goods sustainable…but how? In general, companies can exert influence through shorter procurement channels and local sources of supply. Many companies utilize this methodology.

Optimal Sourcing 48

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

Blog on Log

SEPTEMBER 28, 2007

Warehousing companies that typically acted as surplus inventory storage locations, married up with transportation companies to offer customers full-service solution capabilities. Thus, the new challenge is how to manage the product and information flows around the world. You know, Purchase Order to Point of Purchase.

Procurement Solutions 40

Procurement Solutions Optimal Sourcing Inventory Reduction Cost Reduction 40

CH Robinson Logistics

MAY 18, 2021

Customer returns also fit this definition and make up a large percentage of reverse logistics concerns that retailers and logistics organizations handle. Often, retailers consider a product’s supply chain to be complete the moment that it is purchased or received by a consumer. How to implement a reverse logistics program.

Reverse logistics 64

Reverse logistics Supply Chain Planning Software Material Savings Inventory Reduction 64

Logistics Bureau

MAY 24, 2021

That is the level to which each SKU quantity must fall before your inventory management system either notifies you with a reminder to reorder or initiates a purchase order autonomously. Turnover Days and How to Calculate Them. The solution to the formula gives you a nominal recommendation for the level of safety stock to carry.

Inventory Reduction 98

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 98

Logistics Bureau

NOVEMBER 15, 2021

KPIs become an invaluable tool for companies that get this right, guiding improvements to productivity, efficiency, cost, service, and safety. For example, you can calculate the cost to receive each line item on your purchase orders. However, it’s not a definitive measure. 1) Speed up the Warehouse. For Putaway.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction How To 52

GlobalTranz

JANUARY 21, 2015

The manufacturer has access to the distributor’s inventory data and is responsible for generating purchase orders. Definition: Solicit your suppliers to come into your company to assist you with Supply Chain Cost Reductions, and other important issues, rather than your suppliers soliciting your purchasing dollar. Recommendation.

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

GlobalTranz

DECEMBER 23, 2016

The best solution is avoiding freight damage, but how do you measure for it? What is containment force and how do you measure it ? . Let’s start with a definition and some background. . For more on containment force, check out our on demand webinar on How to Properly Wrap a Pallet.) . Too many variables exist.

Data 55

Data Cost Reduction Freight Material Savings 55

GlobalTranz

JUNE 12, 2018

The Problem: Shippers Lack an Understanding of Existing Freight Allocation (Freight Planning) Activities To understand the problems behind poor freight allocation, it is important to consider its literal and perceived definitions. Fortunately, this solution exists within a modern TMS, the Cerasis Rater.

Supply Chain Planning Software 60

Supply Chain Planning Software Freight Cost Reduction Purchasing Skills 60

Dedola Global Logistics

APRIL 3, 2017

As an international freight forwarder , we’ve compiled a quick reference of 11 essential global logistics terms and definitions. That includes not only the base cost to purchase your products from your supplier overseas, but also costs associated with transportation, duties and taxes, insurance, handling fees, etc.

Global logistics 74

Global logistics Logistics Network Optimization Software Freight forwarding Purchasing Skills 74

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. How to achieve adequate inbound logistics? Duties of inbound logistics. Components of the inbound logistics.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Ship Monk

DECEMBER 1, 2022

2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. Because if a customer needs an item urgently or by a deadline, is eager for an anticipated product, or is just impatient, slow shipping speed is a purchase deterrent.

eCommerce 52

eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 52

GlobalTranz

FEBRUARY 25, 2021

Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics.”. 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. How to Optimize Your Return Logistics Through Integration.

Reverse logistics 84

Reverse logistics Inventory Reduction Manufacturing Procurement Cost Reduction 84

Logistics Bureau

JANUARY 15, 2018

Sometimes I just like to live on the edge, which is definitely a qualifying status for anyone bold enough to make predictions about the future of supply chain operations and management—but I just can’t help myself. I have no crystal ball and if I did, I wouldn’t know how to get a picture on it. Robots Run the Warehouse.

Supply Chain Software 58

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 58

GlobalTranz

MAY 23, 2016

You may have to learn how to navigate a new software, or your organization may simply need additional training on a new transportation management system (TMS). Let’s take a look at how the TMS impacts the costs of shipping over the long term in four critical areas. Overall Costs of Less Than Truckload Freight Shipping.

Cost Reduction 54

Cost Reduction Inventory Reduction Freight Purchasing Skills 54