GlobalTranz

JANUARY 21, 2015

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. What is Reverse Marketing?

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

Logistics Bureau

OCTOBER 26, 2024

Often, people think that supply chain consulting is about reducing costs. Of the 30 to 40% of companies that do have a supply chain strategy, many find that somehow, their supply chain and logistics operations still don’t support the business as they should. The problems don’t end there.

Supply Chain Planning Software 118

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 118

Conger

DECEMBER 13, 2022

If you're looking for ways to reduce lead times, you’re in the right place. Because in this post, you’ll find 11 effective strategies for doing just that. Identify and Eliminate Bottlenecks. Unreliable vendors can cause your lead times to go up. Taking time to implement setup and vendor management software.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

GoShip Blog

JANUARY 21, 2020

Specifically, more retailers are now developing and deploying vendor compliance programs for their suppliers to manage the business on pre-determined conditions. While this makes retail companies more secure, it poses an additional challenge for shippers and vendors to meet the terms of the partnership. What is a vendor chargeback?

Vendor Strategies 52

Vendor Strategies Compliance Negotiating Skills Cost Reduction 52

Logistics Viewpoints

OCTOBER 24, 2024

I have been to other vendors’ procurement conferences and cannot recall seeing similar functionality. The transactions are captured in the platform, eliminating “he said, she said” type arguments. For example, a buyer might say, “You only shipped me 800 of the 1000 products I ordered.”

SAP 144

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 144

Logistics Viewpoints

JUNE 10, 2024

I might tell Alexa, for example, “Play the station Smooth Jazz!” Most of the new in-context GenAI solutions have been pre-trained on 200,000 pages of SAP’s training and technical documents. An end-to-end process often cuts across applications. For example, lead times are often set and then ignored.

SAP 169

SAP Supply Chain Planning Software Supply Chain Software Optimization Software 169

GlobalTranz

APRIL 12, 2017

An inbound vendor routing guide is comparable the beating heart of your operation. Creating an effective inbound vendor routing guide is not without its share of challenges. Assess Your Current Inbound Vendor Routing Guide. For example, provide direction for each vendor that comes from a specific area.

Vendor Strategies 48

Vendor Strategies Inbound Cost Reduction Price Reduction 48

20Cube Logistics

SEPTEMBER 17, 2021

We integrate warehousing and distribution, local and international logistics, inventory management, LCL shipping, delivery tracking, vendor management, and more in a single, convenient, customisable platform to give our clients complete visibility. This saves you valuable time and gives you detailed analytics to help reduce costs too.

Vendor Strategies 52

Vendor Strategies Supply Chain Design Software Inventory Reduction Expense Reduction 52

SYSPRO Smarter ERP

MAY 2, 2024

We are starting to see document recognition services in AI which automate tasks such as invoicing, purchase orders and bank reconciliations. Cloud-based ERP momentum continues Driven by the need to modernize business processes and access cutting-edge technologies such as AI, manufacturers will continue to adopt cloud ERP in 2024.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

Logistics Bureau

AUGUST 7, 2023

You’re ordering more stock than you need so you can meet vendor minimum order quantities. We’ll be pleased to assist you in implementing methods to sense customer demand more accurately, enhancing your ability to optimise inventory levels, reduce stock-outs, reduce carrying costs—and ultimately increase profitability.

Inventory Reduction 91

Inventory Reduction eCommerce Inventory Procurement Solutions 91

Logistics Bureau

OCTOBER 6, 2024

COA Certificate of Analysis – A document that confirms a product meets its product specification. Examples include food, beverages, cosmetics, and household products. EDI Electronic Data Interchange – The computer-to-computer exchange of business documents in a standard electronic format between business partners.

Supply Chain Planning Software 83

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 83

SYSPRO Smarter ERP

OCTOBER 20, 2021

The first step, therefore, is to get all your information – documents and data – into a digital format. This means scanning documents or entering data into a computer manually. It may seem like a fundamental change, but digitization has enabled the elimination of paper archives as well as countless sheets, folders and files.

Digital 133

Digital Factories Supply Chain Planning Software Supply Chain Software 133

GlobalTranz

APRIL 7, 2017

If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. Vendors are businesses too, and like businesses, they are in it for themselves first. Real-Time Data Promotes Use of Lowest-Cost Carriers. .

Vendor Strategies 55

Vendor Strategies Inbound Cost Reduction Inventory Reduction 55

Logistics Viewpoints

AUGUST 14, 2023

Thomson Reuters purchased the global trade compliance vendor Integration Point in 2018. Nevertheless, the argument that trade compliance is complementary to a company’s overall tax strategy certainly makes sense to many companies. The large fines above are examples of this class of penalties. For example, the U.S.

Compliance 114

Compliance Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 114

Freightos

JUNE 17, 2024

Third-party platforms reduce these upfront costs by providing access to state-of-the-art AI tools and technologies on a “pay per drink” subscription basis. Access to Expertise : Third-party providers often have teams of experts who are at the cutting edge of AI research and application.

Modeling Software 106

Modeling Software Optimization Software Logistics Network Optimization Software Cost Reduction 106

GlobalTranz

APRIL 25, 2017

The concept of actionable intelligence is about using technology and software to ensure company goals reflect industry strategy and demands. For example, companies partnering with 3PLs can maintain control of order and load sizes, decrease accessorial charges and provide higher service levels to customers. Why Work With a 3PL?

Supply Chain Software 62

Supply Chain Software Cost Reduction Resource Reduction Vendor Strategies 62

SYSPRO Smarter ERP

NOVEMBER 22, 2021

When embarking on your ERP journey it’s vital to select a vendor that can cater to your industry-specific challenges and that will partner with you as a trusted advisor at every step of the way. For example, reports and analytics in your ERP system can help you identify areas where improvements can be made.

ERP 111

ERP Supply Chain Planning Software Supply Chain Design Software Vendor Strategies 111

GlobalTranz

JUNE 11, 2015

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System. Reduced supplier nonconformance from 176 to 30.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Examples Case Study 94

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. For example, are you still a minority owned company?

Manufacturing Procurement 149

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 149

Turvo

JULY 16, 2020

As reported by Supply Chain Brain , approximately “80% of supply chain interactions occur across “cloud-based commerce networks, dramatically improving resiliency and reducing the impact of supply disruptions by up to one third.” Eliminate unnecessary touches to the systems through automated data capture.

Supply Chain Software 67

Supply Chain Software Supply Chains Vendor Strategies Resource Reduction 67

RPA Labs

SEPTEMBER 23, 2021

In addition to the optimization of workflow to gain more speed in business, automation is ramped up to reduce operational costs, collaboration is enhanced, logistics service providers can more confidently provide real-time visibility, and pivot from reactive to proactive management by exception to prevent excessive costs.

Supply Chain Software 52

Supply Chain Software Supply Chains Cost Reduction Resource Reduction 52

GoShip Blog

MARCH 21, 2023

How to Create an Effective Inbound Freight Management Strategy To ensure that your inbound freight systems are seamless and efficient, you will have to pour time and energy into implementing the new processes into your business. Not to worry, we will help you get started. This system also ensures the timely delivery of your goods.

Inbound 52

Inbound Optimization Software Material Savings Optimization 52

GlobalTranz

APRIL 21, 2017

Obviously, it saves money and reduces overhead, but where? For example, everyone knows that sales will peak around the holidays, but analytics can identify peaks that happen when you think you are in a lull. A TMS may also help everyone involved by reducing the amount of paperwork needed per shipment. The Big Picture.

Supply Chain Planning Software 64

Supply Chain Planning Software Vendor Strategies Optimization Software Inventory Reduction 64

Conger

DECEMBER 13, 2022

Some vendors offer supply chain module WMS to support SCM, including vendor relationships, risk evaluation, business processes, and warehousing features. Also, some ERP vendors may offer a WMS solution as an add-on. The vendor takes care of the WMS configuration, hosting, and implementation. SAP ERP Warehouse Management.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 52

GlobalTranz

FEBRUARY 27, 2018

Supply chain entities need to know vendors will be held accountable and adhere to the terms within vendor-supply chain partner service level agreements. For vendors, this increased level of cyber security will propel them to take advantage of technologies that have often been left reserved for the post-manufacturing supply chain.

Manufacturing Procurement 66

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 66

RPA Labs

JUNE 2, 2022

Logistics service providers continue to face rising pressure from customers, vendors and third-party logistics providers. It also means implementing processes that cut down on inefficiencies and redundancies. This will help you to cut down on your employees’ workload and ensure that shipments are being completed quickly and accurately.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Software Optimization Software Efficiency 52

Shipping and Freight Resource

SEPTEMBER 13, 2020

If you are shipping wine for example, it may require a permit for import into a specific market but may not be required in another market. This will help you reduce risks and increase your success rate. Which brings us to the role of service providers or vendors who will be assisting or handling your shipments. Insurance Agent.

Tips 73

Tips Negotiating Skills Buyer Training Vendor Strategies 73

Talking Logistics

DECEMBER 13, 2018

The cost saving and service improvement benefits of a transportation management system (TMS) are well documented. This is usually a three to six month process and may be part of a larger corporate strategy or transformation process that it has to plug into. How well do the vendors communicate with you? The TMS selection process.

Supply Chain Planning Software 60

Supply Chain Planning Software Logistics Network Optimization Software How To Vendor Strategies 60

GlobalTranz

OCTOBER 21, 2015

Are you holding your service providers and vendors accountable to specific KPIs? The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement. For example: Inventory Record Accuracy has to be 98-100% accurate daily. Cost Reduction is another major goal.

Negotiating Skills 94

Negotiating Skills Optimal Sourcing 3PL Procurement Analytics 94

RPA Labs

AUGUST 20, 2020

RPA can also improve the user experience for your employees, eliminating redundancy and busy-work from their 8-to-5 lives. “In RPA allows for seamless system-to-system interaction, so migrating data from shipping instructions, BOLs, packing invoices, and other documents is done automatically. Vendor selection.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Supply Chain Software Optimal Sourcing Optimization Software 40

Conger

JANUARY 27, 2023

You’ll also learn practical strategies for overcoming each. Reducing Equipment Damage 10. We've documented them in our labor shortage post. Retain your current employees by reducing employee turnover. For example, you can automate many material handling tasks if you have trouble finding forklift operators.

Manufacturing Procurement 52

Manufacturing Procurement Modeling Software Buyer Training Optimal Sourcing 52

Conger

DECEMBER 19, 2022

We've documented them in this labor shortage post. Reducing employee turnover. For example, you can automate a lot of material handling tasks now. Untrustworthy vendors. Planning includes different areas: Sourcing different vendors. There are many solutions to a company's labor shortage. Increasing wages.

Operations 52

Operations Inventory Reduction Supply Chain Planning Software Optimal Sourcing 52

SYSPRO Smarter ERP

AUGUST 1, 2022

A BOM may be a relatively simple document or a complex, multi-levelled product description made from multiple sub-assemblies. A Bill of Materials (BOM) is a comprehensive list of all the items needed to manufacture a product. It records all the parts, materials, and processes used on the factory floor.

Optimal Sourcing 111

Optimal Sourcing Manufacturing Procurement Material Savings Inventory Reduction 111

GlobalTranz

APRIL 24, 2018

For example, a transportation management system (TMS), like the Cerasis Rater , is designed to handle inbound parcel freight management, as well as other over-the-road shipping modes. Shippers must implement inbound parcel freight management programs, including updating and sharing the inbound vendor routing guide.

Inbound 48

Inbound Vendor Strategies Logistics Network Optimization Software Procurement Analytics 48

Logistics Business Magazine

MAY 20, 2021

The view today will be from ground level looking at a few specific examples of WMS and the how’s and why’s of successful implementations, and some issues that could have been avoided in others. The vendor ordered and implemented the systems and interfaces as were specified in the technical brief.

Vendor Strategies 44

Vendor Strategies Modeling Software Cost Reduction Expense Reduction 44

Logistics Bureau

DECEMBER 18, 2017

It’s also important to document any constraints that will impact your plans to meet those objectives. For example, your company’s objective might be to achieve maximum operational productivity, to improve customer service, or perhaps to minimise capital expenditure. 2) Know Your Operational Profile and Requirements.

Supply Chain Design Software 49

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Modeling Software 49

Talking Logistics

APRIL 24, 2017

In recent years, businesses and consumers across the country have demonstrated that sustainability matters – both in terms of what they buy and how vendors are selected. You can also use TMS to optimize multi-pick, multi-drop and continuous moves while exploring backhaul options to eliminate empty miles. In fact, 22% of U.S.

Optimal Sourcing 69

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 69