10xLogistics

MAY 14, 2024

I am continuing my series on simple definitions and thoughts in Supply Chain Management. Demand planning is a critical component of supply chain management that predicts customer demand to optimize inventory, ensure on-time deliveries, and manage production schedules efficiently. And why it is so underused I will never understand.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Modeling Software Scenario Planning 62

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. Another Statista study indicated that 44% of retailers expect delays and 40% expect inventory shortages given coronavirus disruptions on the supply chain. And again, data quality is a huge concern.

Supply Chain Planning Software 145

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

SYSPRO Smarter ERP

MARCH 9, 2022

In 1990, technological research and advisory firm, Gartner, created the definition for enterprise resource planning (ERP) as: “an integrated suite of business applications. Many also extend to inventory management, order management, procurement, and production. What is ERP? What is Customer Relationship Managament?

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Software ERP Manufacturing Procurement 119

Ship Monk

SEPTEMBER 19, 2022

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. What is Inventory Holding Cost? Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. carrying costs, and needed to learn what those are.

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Ship Monk

AUGUST 22, 2022

SKUs are vital to inventory management and the success of any business—as pivotal to operations as a binding agent is to a meatball (i.e. A SKU is a code (typically 8 – 12 alphanumeric digits long) assigned to the items in your inventory. There are online tools as well, and you can create SKUs by hand. What is a SKU?

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

EazyStock

MAY 11, 2021

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). 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.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

Logistics at MPEPS at UPV

MAY 23, 2022

Rotation of products (how frequently different sorts of commodities in the inventory must be replaced over time). Product requirements (types and quantities of each tool that will be required for efficient operation in the work area). Desired stock level (keeping storage costs to a low while serving client demand).

Optimal Sourcing 52

Optimal Sourcing Definition Sourcing Strategies Manufacturing Procurement 52

Camelot 3PL Software

JANUARY 14, 2021

But it is possible to reposition inventory to better respond to such events. When inventory has been pre-positioned in readiness for disasters, it can support the third-party organizations that respond and assist communities. It may be impossible to ensure your business or organization is entirely natural disaster-proof.

Inventory 52

Inventory Supply Chain Planning Software How To Procurement Analytics 52

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). 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.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

EazyStock

OCTOBER 10, 2018

Big data feeds insights to MDM, and MDM feeds big data with master data definitions. Big data exists in real-time and involves prompt access to data, alerts and inventory management and control metrics through cloud computing systems. 4 Ways Big Data is Changing Inventory Management.

Inventory Reduction 45

Inventory Reduction Supply Chain Planning Software Inventory Modeling Software 45

3PL Links

AUGUST 18, 2023

Everything You Need to Know About Inventory Management | Image source: Pexels Inventory management is a crucial investment for businesses that want to increase productivity, cut expenses, and deliver top-notch customer service. Following that, we’ll define inventory and go over its different types and management methods.

Inventory Reduction 48

Inventory Reduction Inventory Purchasing Skills Price Reduction 48

GoShip Blog

APRIL 14, 2020

If you sell in giant marketplaces, they already have a shipping policy, so you just have to worry about the stock, inventory, and packing. You should definitely have your own personally unique shipping strategy. Through a tech tool, you can define gaps or weak spots in your supply chain and effectively eliminate the disruptions.

Expense Reduction 80

Expense Reduction Cost Reduction Inventory Reduction Strategy 80

AIMMS

FEBRUARY 20, 2015

And the opening chapter in the book is an actual case study about a team meeting I attended where they would have the inventory “target of the month”. Why are these types of tools important? What companies are currently using these types of Advanced Analytics and Modeling tools? Yes it is definitely a journey.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

SYSPRO Smarter ERP

NOVEMBER 8, 2021

Often a tool like a Failure Mode and Effect Analysis (FMEA) is useful as it serves as a checklist and ensures that the business is thinking about these issues and considering mitigation plans. The pandemic has shown that companies struggle to have the correct distribution of parts in the inventory holding. Work-in-progress inventory.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

SYSPRO Smarter ERP

SEPTEMBER 1, 2022

Many operations turned to lean manufacturing to take any inventory out of their pipelines that could put their supply chain on the line. Down under, a drive to reshore Australian-made goods has become a definitive part of the Albanese Labor Government’s ‘Buy Australia’ plan. Australian reshoring strategies for advanced manufacturing .

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Supply Chain Software 105

Ship Monk

OCTOBER 17, 2022

This includes: Matters of inventory management with advanced 3PL software Delivery speed with warehouse locations that bring products closer to customers Fulfillment: Order processing, picking, and packing Optimal shipping costs and options thanks to established relationships with major shipping carriers. There is a distinction though.

eCommerce 110

eCommerce 3PL Logistics Network Optimization Software Supply Chain Design Software 110

Turvo

JULY 30, 2021

It’s a Tool for Optimizing Loads and Capacity Planning. There has been a definitive increase in the number of shippers working to harness these new TMS functions and capabilities. It can also enhance forecasting in terms of inventory, transportation, and production plans.

Supply Chain Planning Software 98

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Transportation 98

Conger

FEBRUARY 22, 2023

Here’s a simple order picker definition: Order pickers are material handling equipment used to pick and transport items from shelving or pallet racking to help fill orders in warehouses and distribution centers. Order pickers can be used as a faster, safer alternative to ladders, scissor lifts, and other tools or pieces of equipment.

Definition 52

Definition Ordering Modeling Software Picking 52

SYSPRO Smarter ERP

JUNE 21, 2022

Instead, businesses have focused most their investments on inventory control and order requirements. T he goal is to have the minimum amount of inventory on hand (plus a safety stock) to meet demand. . The focus has been on internal efficiencies over external collaboration.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 105

Turvo

AUGUST 24, 2021

Today, the definition of supply chain resiliency has been changed in ways that have caused ripple effects. Of all the members who can benefit from logistics technology and digital inventory systems, drivers stand to gain the most from automation and advances that include: . Real-time tracking and order updating tools.

Optimization Software 98

Optimization Software Supply Chain Software Logistics Network Optimization Software Supply Chains 98

CH Robinson Logistics

OCTOBER 3, 2017

A quick definition of fourth party logistics is below: What is 4PL? And with connectivity to various phases of supply chain operations, 3PL providers are often able to provide real time visibility to your inventory as it is in motion. Evaluate your organization’s inventory and typical business volumes. Global shipping.

Supply Chain Design Software 84

Supply Chain Design Software 3PL Supply Chain Planning Software Supply Chain Software 84

FreightWaves SONAR

MARCH 8, 2021

As explained by Supply & Demand Chain Executive , “Digitization, software and giving shippers and carriers efficient tech tools are critical, as technology continues to modernize this industry. Shippers and carriers should make more definitive decisions in selecting their data sources. The challenge with lagging data in logistics.

Sourcing Strategies 98

Sourcing Strategies Optimal Sourcing Sourcing Data 98

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). 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.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

GlobalTranz

SEPTEMBER 4, 2015

Technology poses the greatest opportunity for small- and medium-sized businesses to take advantage of innovative tools to ensure end-to-end tracking, visibility , and processing of products. In a Logistics Viewpoint survey , 50 percent of businesses reported sharing inventory across all channels or engaging in omni-channel practices.

Supply Chain Planning Software 106

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 106

Ship Monk

AUGUST 21, 2024

Could ordering more inventory less often, or less inventory more often, save you money? Does splitting your inventory across multiple warehouses make sense for your business? Growing brands in particular need to focus on this because of all the tools and resources out there.

Supply Chain Planning Software 59

Supply Chain Planning Software Data Supply Chain Software eCommerce 59

AIMMS

SEPTEMBER 10, 2018

My goal is to build a Supply Chain Center of Excellence here at Peapod that holds the expertise to leverage prescriptive analytics, utilize optimization tools, manage tactical control and parameters and drive forecasting throughout the business. Our goal with this is to improve our overall supply chain intelligence and our output.

Sourcing Strategies 89

Sourcing Strategies Supply Chain Software Supply Chain Design Software Optimal Sourcing 89

Ship Monk

JANUARY 9, 2024

ShipMonk nurtures relationships and facilitates integrations with shipping companies, as well as providers of third-party tools and systems that enable ecommerce businesses to thrive. If your ecommerce brand hasn’t explored other sales channels, you are definitely missing out.

eCommerce 105

eCommerce Trends Optimization Software Supply Chain Software 105

Logistics Viewpoints

FEBRUARY 23, 2023

While the concept isn’t new, its application to supply chain is emerging, albeit without clear definition yet. of supply chain professionals found that their number one wish to increase work satisfaction is better, integrated tools. Digital transformation is no longer optional. A survey by boom!

Supply Chain Planning Software 110

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Digital 110

Ship Monk

MARCH 30, 2024

We’re talking the tools, technology, and team members who set you up for success on all fronts. Section 321 Fulfillment Importing inventory from overseas manufacturers can be expensive and stressful. If your ecommerce brand imports from international sources, this is definitely a reason why ShipMonk should be your 3PL of choice.

3PL 105

3PL Supply Chain Design Software Optimization Software Supply Chain Software 105

AIMMS

SEPTEMBER 10, 2018

My goal is to build a Supply Chain Center of Excellence here at Peapod that holds the expertise to leverage prescriptive analytics, utilize optimization tools, manage tactical control and parameters and drive forecasting throughout the business. Our goal with this is to improve our overall supply chain intelligence and our output.

Sourcing Strategies 82

Sourcing Strategies Supply Chain Software Supply Chain Design Software Optimal Sourcing 82

Logistics Bureau

JANUARY 1, 2025

ABC Analysis: A form of Pareto analysis applied to a group of products to enable selective inventory management controls. 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.

Supply Chain Planning Software 76

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

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

Morai Logistics

MARCH 14, 2019

Therefore, supply chains must think of ways to leverage digital tools to help. However, we often hear of these digital tools from a data and insight or a predictive analytic perspective. There are a variety of definitions that have been created to define smart manufacturing, or smart factories as some experts have coined.

Supply Chain Software 60

Supply Chain Software Optimization Software Supply Chains Optimization 60

Ship Monk

MARCH 20, 2023

One aspect where this is particularly pivotal is inventory. If your ecommerce business is always growing—as you would hope—then you need to have inventory that accounts for a steady increase in sales. However, if you have new product launches or special promotions, you’ll need more inventory on hand to satisfy demand.

Supply Chain Planning Software 52

Supply Chain Planning Software eCommerce Supply Chain Software Inventory 52

Bringg

MARCH 25, 2018

The boom in e-commerce and the implications it’s having in the entire industry took many retailers by surprise – many of which without the foresight or tools to modernize their infrastructure. As a Product Manager for Bringg, I get a chance to meet with clients and deeply understand their biggest challenges, needs and pain-points.

Optimization Software 48

Optimization Software Replenishment Logistics Network Optimization Software Procurement Solutions 48

Bringg

MARCH 25, 2018

The boom in e-commerce and the implications it’s having in the entire industry took many retailers by surprise – many of which without the foresight or tools to modernize their infrastructure. As a Product Manager for Bringg, I get a chance to meet with clients and deeply understand their biggest challenges, needs and pain-points.

Optimization Software 48

Optimization Software Replenishment Logistics Network Optimization Software Procurement Solutions 48

Now, That's Logistics

SEPTEMBER 14, 2021

For many manufacturing and distribution organizations, for example, inventory management may be the pain point most worthy of attention. This is a definite prohibitor of good supply chain visibility, and it’s something that many organizations are trying to rectify as they move out of the pandemic and into recovery mode.

Supply Chain Software 78

Supply Chain Software Supply Chains Logistics Network Optimization Software Inventory Reduction 78