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 140

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 140

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

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 107

Inventory Reduction eCommerce Inventory Procurement Solutions 107

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

Locus

JUNE 23, 2023

So, knowing more about order fulfillment, its importance, process, and strategies is critical. With an efficient order fulfillment process, businesses can reduce their shipping costs and improve their turnaround times which helps them increase their sales and revenue. Let’s fill in! What is Order fulfillment?

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Vendor Strategies 52

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 145

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 145

GoShip Blog

DECEMBER 3, 2023

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 vendor compliance?

Vendor Strategies 52

Vendor Strategies Compliance Cost Reduction Inventory Reduction 52

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

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

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

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 91

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 91

Logistics Bureau

NOVEMBER 12, 2024

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. Order and picking profiles should be examined too.

Modeling Software 70

Modeling Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 70

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

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 113

Modeling Software Optimization Software Logistics Network Optimization Software Cost Reduction 113

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 110

Compliance Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 110

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 Supply Chain Planning Software 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

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

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 90

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 90

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

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 78

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 78

GlobalTranz

MAY 13, 2015

And on the subject of sustainability, SCDigest.com covered Walmart’s 2015 Sustainability report : Walmart, the world’s largest corporation, is fresh out with its 2015 sustainability report, the eighth such document it has produced. ” Walmart states early on. ” Walmart states early on.

Supply Chain Planning Software 115

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

Logistics Bureau

JANUARY 1, 2025

However, the classification parameter can be varied; for example, it is possible to use the velocity of turnover rather than annual demand value. For example, accessorial charges might include fees for loading, unloading, palletisation, or depalletisation. It is upon such systems that ABC models are generated and maintained.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 90

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

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

GlobalTranz

DECEMBER 17, 2014

For example, on average the cost savings from automating a manually processes purchase order is $9.89, for an invoice is $11.58 So you can see the savings for each document transacted and when you multiply that savings by the number of manual documents that are automated, you understand how a positive ROI can be achieved.

Supply Chain Software 93

Supply Chain Software Sourcing Strategies Expense Reduction Cost Reduction 93

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 64

Supply Chain Planning Software Logistics Network Optimization Software How To Vendor Strategies 64

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

Logistics Bureau

DECEMBER 9, 2019

With much of the low-hanging fruit already harvested, they are now looking at more complex initiatives to reduce carbon footprint and impact on the environment. International shipping is complicated, and documentation requirements hard to understand. SMEs find it hard to identify and engage suitable logistics partners.

Supply Chain Software 130

Supply Chain Software Logistics Network Optimization Software Supply Chains Trends 130

GlobalTranz

AUGUST 7, 2018

more than 500,000 trucking providers, major national carriers, local and regional distributors, countless vendors and suppliers, and third-party resellers exist. For example, EXW or “Ex Works” specifies when the seller delivers goods and places goods at the disposal of the buyer. This eliminates uncertainty in the supply chain.

Supply Chain Software 65

Supply Chain Software Supply Chains Manufacturing Procurement Purchasing Skills 65

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

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 51

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Modeling Software 51

GlobalTranz

SEPTEMBER 7, 2016

On the tracking side of things , it’s no longer necessary to take meticulous notes and manually document dates, actions, and status information. Instead of vendors waiting on hold while employees track down information, data is available within seconds. But these innovations don’t always come easily.

Supply Chain Software 54

Supply Chain Software Logistics Network Optimization Software Collaboration Supply Chains 54

GlobalTranz

OCTOBER 19, 2018

Fewer users of the software diminish its ability to reduce fraud, increase trust, speed international shipments, and save money, says APPSeCONNECT. For example, consider these benefits of using blockchain for bill of lading standardization and more. Standardized practices will reduce delays when crossing international borders.

Logistics Network Optimization Software 84

Logistics Network Optimization Software Supply Chain Software Material Savings Procurement Solutions 84

Logistics Bureau

JANUARY 8, 2019

It takes days to make a payment between a manufacturer and a supplier, or a customer and a vendor. Products and parts are often hard to trace back to suppliers, making defects challenging to eliminate. Bitcoin as an Example of Blockchain. However, it also happens to be the most well-known example.

Supply Chain Design Software 90

Supply Chain Design Software Supply Chain Software Supply Chain Design Optimization Software 90

Turvo

JULY 27, 2021

For example, the WMS may not share data with the LMS or the TMS. And yet another system may be responsible for digital document management. . pace in 2019, exceeding $15 billion in vendor revenue by helping companies automate and manage their domestic and global supply networks.” .

Supply Chain Software 90

Supply Chain Software Supply Chains Logistics Network Optimization Software Tracking and Tracing 90