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. This integration also helps detect discrepancies or unauthorized fuel usage, thus controlling costs.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

FLS Transport

FEBRUARY 10, 2021

The hottest stories in freight can be found here, in the Weekly Freight Report: 1. Of course, there’s a massive need for more capacity right now and that’s largely what’s driving the purchases. More trucks is definitely a step in the right direction. Trying to time the market exhausts shippers.

Procurement Analytics 98

Procurement Analytics Freight Purchasing Skills Trucking 98

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 Business Magazine

MAY 25, 2023

Thanks to its unique steering and drive system, its striking appearance is definitely advantageous in narrow aisles. Thus, the range of applications expands significantly, and this creates a high level of attractiveness for replacement or new purchases of such trucks. The concept of the Aisle Master is not new.

Procurement Analytics 57

Procurement Analytics Modeling Software Picking Logistics Network Optimization Software 57

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions. Referrals One of the first things consumers do when making a big purchase is ask friends and family for recommendations.

eCommerce 89

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 89

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 Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. I saw how their platform unified finance and procurement activities, but not supply chain. Coupa meets this definition. That has recently changed.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121

Ship Monk

JANUARY 9, 2024

If your ecommerce brand hasn’t explored other sales channels, you are definitely missing out. Brands that allow consumers to purchase without leaving the social platform they’re on have an advantage over brands that don’t, but only if consumers can easily navigate the product catalog and checkout process. “As

eCommerce 88

eCommerce Trends Optimization Software Optimal Sourcing 88

Logistics Viewpoints

OCTOBER 7, 2022

Earlier this week, I read a sobering report from the national Retail Federation (NRF) regarding shrink. The recently released National Retail Security Survey shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem. Most reported in-store, e-commerce, and omni-channel fraud are all on the rise.

Logistics Network Optimization Software 111

Logistics Network Optimization Software Supply Chain Design Software Vendor Strategies Procurement Analytics 111

Ship Monk

FEBRUARY 3, 2024

These people are genuinely interested in your product — so much so, that they have purchased your products. Once the recipient clicks/taps through the email, tracking is handed off to another tool, such as Google Analytics. They’ve trusted you with their email address and mobile number. How Often This is tricky.

eCommerce 81

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 81

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

3PL Links

SEPTEMBER 5, 2016

The first tip is definitely a game changer. Mind Your Metrics. In order to improve your warehousing and distribution process, you have to understand the metrics you will be using to figure out productivity, what baseline you’re beginning with and what your target is. Automation. Get Employees Involved. Review and revise.

Tips 59

Tips Distribution Vendor Strategies Procurement Analytics 59

Logistics Viewpoints

JULY 6, 2022

That article stated that Target, Walmart, and others recently reported during earnings calls that they have too much inventory in certain item categories and that the cost of holding inventory is negatively impacting their profit margins.

Inventory Reduction 154

Inventory Reduction Inventory Purchasing Skills Optimal Sourcing 154

EazyStock

OCTOBER 21, 2021

Now, instead of managing their inventory manually in Excel spreadsheets, EazyStock automatically calculates reorder points and quantities and recommends purchase orders. We purchase our raw materials from all over the world, and we sell our products mainly within the EU. That’s why he’s EazyStock’s Automation Hero for October!

Supply Chain Software 52

Supply Chain Software Procurement Solutions Supply Chain Planning Software Automation 52

Ship Monk

MARCH 30, 2024

If your ecommerce brand imports from international sources, this is definitely a reason why ShipMonk should be your 3PL of choice. MonkProtect MonkProtect is a post-purchase suite that helps ecommerce brands “stress less and grow more” by protecting ecommerce orders. Have more questions?

3PL 84

3PL Supply Chain Design Software Optimization Software Supply Chain Software 84

FreightWaves SONAR

AUGUST 23, 2021

While that may be too soon to call, it’s clear that these are trying times for shippers and brokers that purchase ocean capacity. Ocean shipping issues have caused some to question whether Christmas will be cancelled. While we are not in a global container shipping boom , we are in a U.S. Request a SONAR Demo. Request a SONAR SCI Demo.

White Paper 52

White Paper Demo Procurement Analytics Data 52

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

Logistics Business Magazine

JANUARY 16, 2023

Leading natural and organic baby product retailer, The Green Sheep Group, has reported immediate stock accuracy and productivity improvements since implementing the flexible cloud based SnapFulfil WMS.

Procurement Solutions 61

Procurement Solutions Purchasing Skills Procurement Analytics Logistics Network Optimization Software 61

Morai Logistics

SEPTEMBER 14, 2018

The definition of ‘supply chain’ has also shifted over time. A rise in ecommerce has enabled consumers to purchase products anywhere at any time, which has created a need for immediacy. Numbers can translate valuable information that can guide companies to better predict inefficiencies. Customer-Centric Approach.

Supply Chain Software 102

Supply Chain Software Supply Chains Modeling Software Logistics Network Optimization Software 102

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 90

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 90

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. Selective, effective, efficient, and analytical skills are necessary for excellent incoming logistics.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

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 53

Supply Chain Planning Software Supply Chain Software Procurement Solutions Logistics Network Optimization Software 53

3PL Insights

OCTOBER 24, 2017

Amazon is on the forefront of automation in the warehouse , currently using 45,000 Kiva Robots, after purchasing the company Kiva Systems in 2012 (they’re now renamed “Amazon robots”). Metrics: Autonomous vehicles have sensors to automatically gather data, which can be uploaded to various applications, hosted onsite or in the cloud.

Supply Chain Software 112

Supply Chain Software Supply Chain Planning Software Inventory Reduction Expense Reduction 112

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

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 55

Supply Chain Design Software Supply Chain Software Procurement Solutions Logistics Network Optimization Software 55

World Food Programme Logistics

FEBRUARY 7, 2019

The private sector offers a range of digital analytical solutions that were previously unavailable to us and like many humanitarian organisations, WFP, has actively sought their expertise. Any data analytics partner we work with understands clearly that this is our starting point and we are unwilling to compromise.

Procurement Analytics 40

Procurement Analytics Modeling Software Purchasing Skills Supply Chain Software 40

FreightWaves SONAR

AUGUST 25, 2021

While it may be premature to say Christmas is canceled, any company having to purchase capacity on the ocean is facing unprecedented pressure. The need for expedited and time-definite service to make up for delays will keep pressure on the truckload market.

Maritime 52

Maritime White Paper Demo Purchasing Skills 52

Logistics Business Magazine

MAY 31, 2018

The majority of the machines are 5-tonne 50DA-9’s – the company’s latest purchase are two 3-tonne 33D-9E machines, which were put straight to work shifting concrete based products, at the company’s Kent headquarters on the banks of the River Medway. So, Hyundai most definitely have the advantage there.

Procurement Analytics 36

Procurement Analytics Manufacturing Procurement Handling Trucking 36

ShipLilly

MARCH 20, 2023

Moreover, the US Census Bureau’s quarterly survey of plant usage reported that insufficient material supply in the 3rd quarter of 2022 was three times worse than in the pre-pandemic era. Shipping delays are being reported. Criticism of arcane metrics There have been criticisms of the metrics that are relied on by the New York fed.

Supply Chain Planning Software 52

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

Apparel Logistics

AUGUST 17, 2016

Sixty-nine percent of Americans shop online regularly, according to a 2015 online shopping report from market intelligence agency Mintel. However, if you broaden the definition of e-commerce to include using the internet for researching products and services before purchasing, that number jumps to 81 percent, according to Retail Today.

Procurement Analytics 48

Procurement Analytics Definition Purchasing Digital 48

EazyStock

OCTOBER 10, 2018

Processing a large volume of information the main benefit of big data analytics. 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.

Inventory Reduction 45

Inventory Reduction Supply Chain Planning Software Inventory Modeling Software 45

Ship Monk

NOVEMBER 12, 2020

Lastly, while customer acquisition is optimal for quickly building metrics, these metrics may not always be the best indicators of overall longevity. Repeat customers will make repeat purchases and have a tendency to spend more per order. What Is Customer Retention? Customer retention grows lifetime value, or LVT.

Expense Reduction 52

Expense Reduction Procurement Analytics Strategy Article 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. Such significant investments are less likely if the metrics and outcomes they are based on hold true.

Purchasing Skills 52

Purchasing Skills Procurement Analytics Trends Manufacturing Procurement 52

The Lean Thinker

DECEMBER 9, 2022

The work also met every definition of “difficult, dirty and dangerous.” Meanwhile at the opposite end of the building, the production scheduling team works to carefully orchestrate the availability of packaging materials, purchased components, as well as scheduling each phase of production so work is available for the next step.

Modeling Software 259

Modeling Software Optimization Software Expense Reduction ERP 259

Locus

DECEMBER 15, 2022

If you’re getting continuous WISMO (Where Is My Order) calls in this manner, it is definitely bad news. If you deal with delivery exceptions as an opportunity to improve post-purchase customer experience, it helps you get back your customers. Because it is now after office hours, no one answers your call.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Procurement Analytics 52

Ship Monk

SEPTEMBER 6, 2023

This is one of the simplest ecommerce metrics to calculate. The metric gives you important insights into customer behavior, which you can use to optimize merchandising, pricing, and marketing strategies. If you sell clothes for example, offering free shipping for every item purchased doesn’t work for your bottom line.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Price Reduction 52

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 Similarly, the cell phone industry sees many phones damaged within the first few weeks of purchase.

Material Savings 62

Material Savings Waste Reduction Cost Reduction Logistics Network Optimization Software 62