SYSPRO Smarter ERP

SEPTEMBER 1, 2022

It’s no secret that manufacturing companies around the world are rethinking their supply chain strategies. With shortages occurring in unexpected sectors and lockdown strategies impacting logistics, companies looked at reshoring to stabilize and strengthen their supply chains.

Manufacturing Procurement 105

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

Ship Monk

JANUARY 9, 2024

Multichannel to Omnichannel You’ve heard us talk about a multichannel sales strategy before, and we’re happy to say that most of our ecommerce clients are already doing this. If your ecommerce brand hasn’t explored other sales channels, you are definitely missing out. Here are a few of the trends we think are going to be big in 2024.

eCommerce 105

eCommerce Trends Optimization Software Supply Chain Software 105

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

Manufacturing Procurement 149

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 149

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? This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online. Minimum Order Quantity Definition.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

Logistics Viewpoints

DECEMBER 1, 2022

Theme 2: Online buying will fuel home delivery growth, challenges and new strategies. The verdict would have been “definitely nailed it” if we were counting all of the “ML-washing” going on in the supply chain and logistics technology market. Figure 1: U.S. Container Import Volume Year-over-Year Comparison. Source: Descartes Datamyne.

Cost Reduction 135

Cost Reduction Resource Reduction Supply Chain Planning Software Logistics Network Optimization Software 135

Locus

MAY 25, 2022

Here are seven key strategies that they have used to make it happen. 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.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

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. This enables the procurement department to know when new purchase orders have to be placed. What is ERP?

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Software ERP Manufacturing Procurement 119

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. . Supply Chain Strategy. A properly designed supply chain strategy is an enabler for achieving commercial goals and consequently, corporate success.

Supply Chain Design Software 131

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 131

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. Supply Chain Strategy. It means that your supply chain strategy should support the overall strategy of your business.

Supply Chain Design Software 118

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

Ship Monk

APRIL 28, 2023

Another survey found that 73% of global consumers would “definitely” or “probably” change their buying behavior to reduce environmental impact. Of US adults surveyed , 69% say environmental impact is important when making a purchasing decision. Teach them how purchasing from you makes them a part of that positive mission.

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

Logistics Bureau

DECEMBER 6, 2024

Well, as Logistics Bureau has decades of experience in the industry, we’re in a pretty good position to give you a definition of what logistics really is. Third-Party Logistics (3PL) Another strategy we’re seeing become increasingly common in the logistics industry is 3PL, or third party logistics. So what is logistics?

Manufacturing Procurement 81

Manufacturing Procurement Logistics Network Optimization Software Supply Chain Planning Software Sourcing Strategies 81

Logistics Viewpoints

APRIL 24, 2023

Initially, this product will focus on the purchase order (PO) acceptance process. Coupa meets this definition. In its ideal form, these planning processes should help leaders align strategy, financial considerations, and supply chain strategy. That has recently changed.

Supply Chain Design Software 136

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

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. But this isn’t always the case.

Reverse logistics 64

Reverse logistics Supply Chain Planning Software Material Savings Inventory Reduction 64

10xLogistics

DECEMBER 24, 2017

The problem with this strategy is the "crunch" is with the power not with the trailer. This will definitely assist with the stabilization of rates and capacity however it is at least one year away from implementation and, while I absolutely think it will work, it is unproven. Many retailers follow this power only model.

Material Savings 54

Material Savings Logistics Network Optimization Software Strategy Modeling Software 54

GlobalTranz

APRIL 22, 2015

Editor’s Note: Almost 14 months ago we wrote one of our most popular posts entitled, “ The History of Supply Chain and Logistics Management ” contained a bit of history, definitions, and a great infographic visually going through the history of supply chain and logistics management. What is a Logistics Framework?

Global logistics 116

Global logistics Material Savings Cost Reduction Supply Chain Planning Software 116

EazyStock

OCTOBER 20, 2020

Firstly, let’s get a few definitions: What is inventory control? Fine-tune your stock replenishment strategies. You can only optimize stock levels when you have informed inventory purchasing practices. Inventory control is the process of managing and regulating the supply, storage and distribution of stock. Supplier lead times.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

GlobalTranz

DECEMBER 11, 2014

In this series, we will first talk about how EDI in transportation works and what it is, covering the history of EDI in transportation, the definition, how it works technically, and then some common EDI codes used within the transportation industry. History of EDI and EDI In Transportation and Logistics.

Data 105

Data Transportation Document Inventory Reduction 105

Conger

JULY 30, 2021

In this article, you’ll learn: The definition of omnichannel distribution. Top challenges and the steps for adopting an omnichannel distribution strategy. 4 Steps for Adapting to an Omnichannel Distribution Strategy. With the rise of eCommerce, consumers have more purchasing options than ever before. Let’s get started!

Inventory Reduction 52

Inventory Reduction Distribution Vendor Strategies Waste Reduction 52

3PL Links

SEPTEMBER 5, 2016

The first tip is definitely a game changer. You can get your warehouse and distribution process working like clockwork if you put together vendor compliance rules that cover, among other things, quality, packaging, purchasing terms and delivery time guarantees. Automation. Review and revise.

Tips 59

Tips Distribution Vendor Strategies Procurement Analytics 59

3PL Links

DECEMBER 2, 2022

We will address the following topics in this article: Inbound logistics definition and significance. Strategies for efficient inbound logistics that you can use in your business. Inbound Logistics Strategies. This technique entails purchasing the primary raw material source in order to have more control over supply.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Ship Monk

MARCH 30, 2024

This advanced transportation management and rate shopping strategy removes guesswork while infusing flexibility. If your ecommerce brand imports from international sources, this is definitely a reason why ShipMonk should be your 3PL of choice. To remedy this annoying situation, ShipMonk created our Virtual Carrier Network.

3PL 105

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

Logistics Bureau

MAY 24, 2021

It’s a good one to consider, and perhaps an appropriate stimulus for companies to review inventory performance and revise their strategies. 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.

Inventory Reduction 118

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 118

Locus

JANUARY 8, 2024

In the tightly knit fabric of retail, a clear view of the supply chain’s inner workings is a definitive edge for business. Here are five innovative strategies to transform this insight into higher profits. On the customer front, the thrill of anticipating a much-awaited purchase is undeniable.

Cost Reduction 52

Cost Reduction Expense Reduction Resource Reduction Logistics Network Optimization Software 52

Ship Monk

NOVEMBER 4, 2020

Breaking not-so-great news to your customers is definitely one of the less glamorous aspects of entrepreneurship, but it’s also one you can’t opt out on. . There are a ton of of creative ways to go about it, such as: Personalize the shopping experience by recommending products a customer might like based on previous purchases.

Tips 98

Tips Inventory Reduction eCommerce Manufacturing Procurement 98

Ship Monk

JULY 1, 2021

When you zero in on an eCommerce niche , your marketing strategy almost writes itself. . #3. That’s one type of customer, but they’re definitely not representative of everyone, especially now that expectations are at an all-time high. Customers Favor Price Over Branding & Product Quality.

eCommerce 98

eCommerce Price Reduction Cost Reduction Purchasing Skills 98

Ship Monk

NOVEMBER 12, 2020

If you’ve been wondering which strategy is more deserving of your time and money, this is the article for you. Repeat customers will make repeat purchases and have a tendency to spend more per order. Instant gratification is definitely satisfying, but so is knowing you’re positively impacting people’s lives!

Expense Reduction 64

Expense Reduction Procurement Analytics Strategy Article 64

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. 2: Audit Strategy. Cost of quality.

Procurement Analytics 99

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

3PL Insights

JUNE 3, 2020

The concept of ecommerce is definitely not new, but for some businesses without an online presence, the practice can be overwhelming – especially when it must be implemented quickly. Nevertheless, the fulfillment environment has changed, and online order fulfillment strategies should be top-of-mind going forward.

eCommerce 52

eCommerce Inventory Reduction Procurement Solutions Supply Chain Planning Software 52

10xLogistics

AUGUST 14, 2016

This is the definition of a true customer centric supply chain. If you own the final mile of the delivery then you definitely have more impact. These are the point of purchase and the first point of use. The speaker was asked how they decide what service to provide given the costs. His answer was clear: " We don't trade off.

Cost Reduction 48

Cost Reduction Purchasing Skills Supply Chain Planning Software Logistics Network Optimization Software 48

GlobalTranz

NOVEMBER 10, 2015

This information affects whether an organization wants to spend excess capital up-front to purchase a perpetual license. For most purchasers of perpetual licenses (28 percent), the up-front cost was between $60,000 and $100,000, which exceeds the expectations of the implementation budgets. Scalability.

Supply Chain Planning Software 90

Supply Chain Planning Software Optimization Software Inventory Reduction Cost Reduction 90

GlobalTranz

SEPTEMBER 7, 2017

Today supply chains stretch around the globe, and few supply chain can exist within a single country without selling or purchasing products or raw materials from other countries. Although its original definition was used exclusively for seafaring transport, modern use of the term can be applied to all shipment modes of transit.

Freight 82

Freight Cost Reduction Purchasing Skills Expense Reduction 82

Logistics Viewpoints

SEPTEMBER 9, 2022

It is definitely a bittersweet time of year. The company touted itself as the “world’s largest corporate purchaser of renewable energy” in last year’s sustainability report that laid out its goal to reach net-zero carbon emissions by 2040. percent of all applicable facilities.

Logistics Network Optimization Software 131

Logistics Network Optimization Software Cost Reduction Resource Reduction Logistics 131

Material Handling and Logistics

FEBRUARY 19, 2018

purchasing/procurement manager with a manufacturer of building equipment with 21-25 years of experience, living in the South Atlantic region and earning $36,00. “My position in this company is underpaid and I believe most people in this job will agree. The impact this position carries in manufacturing is undervalued and recognized.”

Survey 118

Survey Manufacturing Procurement Materials Handling Optimal Sourcing 118

Logistics Bureau

JUNE 14, 2021

Those withstanding the supply chain turmoil were the ones with solid risk mitigation strategies and playbooks in place and investment already sunk into supply chain resilience. Distributing control and power across the workforce, enabling individuals and teams to take definitive actions at the first indication of a threat to the supply chain.

Supply Chain Planning Software 73

Supply Chain Planning Software Optimal Sourcing Supply Chains Inventory Reduction 73

3PL Links

OCTOBER 19, 2022

Define your returns management strategy: Analyze how effective returns management could help you lower expenses, enhance customer service, and even boost revenue. As said so eloquently by the CEO of a major online art retailer: “Our strategy is to process returns promptly, while striving to keep them to a minimum.”

Reverse logistics 62

Reverse logistics Procurement Solutions 3PL Vendor Strategies 62

Logistics Bureau

AUGUST 7, 2023

The ecommerce logistics practitioner must instead integrate reverse logistics into his or her company’s inventory management strategies and processes. Managing SKU Proliferation The seismic shift towards ecommerce and associated multichannel sales strategies has led to a rapid rise in the number of SKUs that companies carry.

Inventory Reduction 104

Inventory Reduction eCommerce Inventory Procurement Solutions 104

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. Supply Chain Strategy In 2014, a survey by Tompkins Consortium delivered a shocking revelation.

Supply Chain Design Software 71

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 71