FreightWaves SONAR

JANUARY 25, 2021

For example, the availability of qualified technicians determines whether or not common tractor and/or trailer repairs can be done with internal resources instead of external (outside vendors). Build smarter trucking KPIs by purchasing and using SONAR. Request a SONAR Demo.

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

FreightWaves SONAR

JANUARY 5, 2021

Purchasing equipment and buildings are some of the more commonly financed items. And since customers get their products on time and without delay, they are more likely to return for future purchases. Increased purchases by customers amount to more work for carriers, adding to profitability. Request a SONAR Demo.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

EazyStock

FEBRUARY 17, 2021

For example, you may want to carry more items that consistently sell well and are cheap to stock, versus those that are expensive with intermittent demand. For example, items that are stocked well would potentially have high service level targets, while those with lower stock levels could have lower service level targets.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

FreightWaves SONAR

NOVEMBER 20, 2020

As an example, Supply Chain Dive states, “Minimizing the number of claims for overages, shortages and damages (OS&Ds) as a percentage of deliveries,” is one way to manage operations and track performance better. It is a measure of the beginning inventory cost plus the purchases made during the period, minus the ending inventory costs.

Supply Chain Design Software 66

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 66

EazyStock

DECEMBER 13, 2020

For example, did you take out a loan through the Paycheck Protection Program ? For example you should adopt a different demand forecasting technique for mature products with steady demand, compared to items in decline where demand is become more erratic and lumpy. Improve Demand Forecasting.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

FreightWaves SONAR

MARCH 15, 2021

Read on to learn what is SONAR SCI’s Lane Acuity Plus, what it tells subscribers who have purchased SONAR SCI, and how the application aids freight market participants by gaining deeper lane by lane insights around freight shipping. . Sign up for a demo here or by clicking the button below. Request a SONAR Demo.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Ship Monk

AUGUST 8, 2022

Examples of Merchandise Inventory. A manufacturer purchases steel and brass from a supplier, and turns them into tiny gears to make watches. A watchmaker then purchases these gears and transforms them into beautiful end-product watches. In every example above, inventory was purchased and inventory was sold.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Purchasing Skills 52

FreightWaves SONAR

NOVEMBER 16, 2020

For example: If there were 10 national loads tendered on March 1st and on March 2nd there were 11 tendered loads, the March 1st OTVI.USA value would be 10,000 and the March 2nd value would be 11,000. Example : ROTVI.ATL was 250 as of August 1. Get a demo of SONAR to see what the platform can do for you. Request a SONAR Demo.

Refrigeration 105

Refrigeration Capacity Outbound Inbound 105

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. For example, you can adjust the speed and volume of order processing to meet demand. For example, machine-learned computers can pack shipments and organize products. Machine learning in warehouses.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

EazyStock

MARCH 9, 2021

See an example of ABC analysis in action here. For example, you may want to focus on improving the service levels of your A class products, over your Bs and Cs by increasing your safety stock levels. For example, some products will have a regular demand, while others will have intermittent demand. Focus on your category A items.

Analysis 83

Analysis Inventory Optimization Software Procurement Solutions 83

EazyStock

JUNE 18, 2019

ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. The best way to start is to adapt your purchasing and inventory policies to each group from the ABC analysis. For more information on EazyStock or to book a demo , click here.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Turvo

DECEMBER 10, 2021

This is due, in large part, to the Amazon effect which has increased delivery expectations for not only domestic online shopping purchases, but for industries as a whole. In one example of deploying Turvo’s unified solution, a shipper and manufacturer in Germany became a system tenant user for Turvo through Port X.

Collaboration 80

Collaboration Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 80

Ship Monk

JULY 28, 2022

If your eCommerce business makes and sells hats, for example, you purchase raw materials such as fabric, thread, leather, ribbon, etc. The manufacturing company purchases the raw materials, manufactures the goods, and sells finished products to wholesalers, retailers, or eCommerce businesses that order the goods.

Inventory 64

Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

EazyStock

MARCH 1, 2023

MOQs and their impact on inventory Minimum order quantities, values and weights are a common challenge for inventory planners and purchasers. Inventory planners or purchasers will also be more efficient and save time that would otherwise be wasted by combing through SKUs and determining how to reach an MOQ or cube out a container.

Ordering 52

Ordering Purchasing Skills Inventory Reduction Procurement Solutions 52

Freightos

JULY 11, 2017

For example, there are over 100,000 companies that sell over $100,000 worth of goods annually. A recent Transport Intelligence report picks up on emerging examples of collaborative contract logistics in the enterprise shipper segment, identifying a great opportunity for small businesses to replicate the practice. “

Purchasing Skills 73

Purchasing Skills Price Reduction Cost Reduction Manufacturing Procurement 73

Logistics at MPEPS at UPV

MARCH 29, 2023

For example, I decided to always have in stock at least 5 bottles of 8L of water or to have 1 kg of lentils. It’s a 56 rows tables, I’ll just paste a demo screenshot: As a conclusion, I found out that my monthly Mercadona purchase is around 150€, considering that I live alone and take care of all my house chores by myself.

Inventory 52

Inventory Eliminating Excel in Purchasing Purchasing Skills Exercises 52

EazyStock

MAY 11, 2021

We’re going to use Frank’s Fasteners business as the example: 1. If you find that you’re treating all items the same (in terms of the stock you hold and the purchases you make regardless of their category) then you probably have inefficient and needlessly expensive inventory policies.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

FreightWaves SONAR

NOVEMBER 30, 2020

For example, if there were 700 intermodal shipping containers moved between City A and City B in the past week, that lane shows a total ORAIL value of 100. For example, If one wants to look only at the volume of 53’ domestic containers and exclude all other sizes, use ORAIL53. Use airport codes to utilize granularities.

Purchasing Skills 59

Purchasing Skills Negotiating Skills Sourcing Strategies Freight 59

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. It gives them an experience of the product before purchasing. Try a demo with Locus now! Schedule a Demo. And how they have been changing!

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Ship Monk

NOVEMBER 30, 2023

For example, Shopify’s Analytics dashboard tracks important sales metrics and will calculate the percentage of change from one timeframe to the next. Contact us today for a software demo, and a peek at all the ways we can help your ecommerce business grow.

Procurement Analytics 64

Procurement Analytics eCommerce Procurement Solutions Manufacturing Procurement 64

EazyStock

JUNE 18, 2019

ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. The best way to start is to adapt your purchasing and inventory policies to each group from the ABC analysis. For more information on EazyStock or to book a demo , click here.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

FreightWaves SONAR

MARCH 12, 2021

In this SONAR example, I want to focus on the decision of when to start a trucking company and more importantly, what type of equipment would be best to use. . Request a SONAR Demo. SONAR’s OPRAT INDEX. The SONAR Operating Ratio index (OPRAT) provides the total operating costs divided by the operating revenue.

Purchasing Skills 90

Purchasing Skills Modeling Software Procurement Analytics After-sales 90

EazyStock

MARCH 17, 2021

Customers will flock to stores and websites to purchase gifts and holiday décor. Demand can also surge unpredictably – one recent example is the sudden increase in demand for personal protective equipment (PPE) with the spread of COVID-19. Holidays affect supply chains in a couple different ways. Delivery Disruptions/Cancellations.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 78

EazyStock

JUNE 23, 2021

An example of a BOM-dependent forecast would be for the components that make up a fountain pen. An example here could be when stationery items are sold in a writing set, but also sold on their own. Accurate BOM forecasts will help ensure purchasing teams have a clear and accurate list of materials and quantities to order.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Inventory Reduction Inventory 52

Conger

JULY 22, 2021

For example, these systems can handle tasks ranging from: Receiving goods. For example, a Shopify storefront is an eCommerce platform. A Shopify storefront is an example of an eCommerce platform. Take our Shopify example again. One of the best ways to determine this is to request a demo from the vendor.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software eCommerce Logistics Network Optimization Software 52

EazyStock

APRIL 13, 2022

For example, having more accurate demand forecasting, warehouse automation, diversifying your supplier network or bringing new technologies on board to give you real-time data. Purchasing. Examples of supporting software include: Warehouse management systems. Highlighting areas for improvement allows you to fix them.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. For example, market growth potential and the percentage gain of market share over a set period. Determining the right stock levels to meet demand is vital for customer satisfaction.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. For example, market growth potential and the percentage gain of market share over a set period. Working out the right stock levels to meet demand is vital for customer satisfaction.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

WorkWave

OCTOBER 17, 2024

For example, the global courier and local delivery services market is expected to grow at a CAGR of 4.7% purchasing vehicles, hiring staff, marketing efforts) Your repayment or return on investment (ROI) strategy Be realistic and transparent about your funding needs to build trust with potential investors. through 2027.

Cost Reduction 52

Cost Reduction Logistics Network Optimization Software Transportation Purchasing Skills 52

EazyStock

MARCH 4, 2021

When looking to improve inventory turnover, it’s important that inventory planners and purchasers only order items that have a demand in the marketplace. For example, EazyStock has an order fill-up feature that allows you to work to minimum order quantity, value or weight restrictions. Improve demand forecasting accuracy.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Shipchain

SEPTEMBER 4, 2019

A good example of the limitations of private blockchains is seen in Electronic Data Interchange (EDI), a system for communicating documents like shipments, purchase orders, and returns between partners. This defeats the founding mission of blockchain technology and leads to less efficiency and transparency.

Supply Chain Planning Software 48

Supply Chain Planning Software Logistics Network Optimization Software Industry Supply Chain Software 48

Conger

FEBRUARY 5, 2024

So, here are some forklift purchasing factors to check out as you go to buy a forklift, especially buying a forklift for the first time: 1. Research, Forklift Type Selection When you purchase a forklift, you must know what you want and your operation’s requirements. The important thing is to get the right forklift for your operations.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Purchasing Skills Negotiating Skills 52

EazyStock

APRIL 18, 2023

High interest rates make it less appealing for businesses to make long-term investments in their supply chain infrastructure, such as building or purchasing new warehouses or storage facilities, updating vehicles and transport or digitalizing supply chain systems. For example, warehouse costs, insurance and financing. Demand falls.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

Locus

JULY 10, 2024

Intelligent Slot Management: Today’s consumers don’t just want quick deliveries—they want to choose when their purchases arrive, and they also want the flexibility of rescheduling these in case of unseen circumstances. If you feel that Locus can help you ramp up your retail game, book a demo to start your journey to success.

Cost Reduction 52

Cost Reduction Inventory Reduction Supply Chain Planning Software Optimization Software 52

Shipchain

APRIL 2, 2019

For example, blockchain can leverage ELD data to refine the estimated time of arrival for deliveries, reports Finextra. Ensuring resellers do not purchase counterfeit products is essential to keeping price points low for consumers and encouraging growth within the company through reduced fraud in the supply chain.

Manufacturing Procurement 49

Manufacturing Procurement Supply Chain Design Software Procurement Solutions Supply Chain Software 49

FreightWaves SONAR

NOVEMBER 9, 2020

For example, ULSDR.CHI shows the average wholesale price of diesel in the Chicago market while ULSDR.USA shows the average wholesale price of diesel nationally. For example, the Atlanta market is supplied with diesel by Colonial Pipeline, which runs from the Houston area to the New York region. Request a SONAR Demo.

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52