The Logistics of Logistics

MARCH 13, 2021

MetaExperts are talent operational excellence (OpEx) hands-on-deck, training, and get-it-done partners. Getting into buying consortiums to increase influence and minimize service disruptions. About MetaOps and MetaExperts. Response to node failures is robust. Perfect fulfillment capable.

Sourcing Strategies 195

Sourcing Strategies Inventory Reduction Resource Reduction Price Reduction 195

Morai Logistics

JUNE 5, 2019

A recent halt in market growth for retail leader Adidas, reminds organizations about the importance to assess their supply chain excellence strategies. However, it asks us to question whether a the right supply chain excellence model is being followed. billion people purchased goods online’ in 2018 ’; this valued at 2.8

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Supply Chain Software Supply Chains Strategy 60

10xLogistics

OCTOBER 19, 2022

In a 1993 Harvard Business Review article (and subsequently in his book Double Digit Growth ) Micheal Treacy and his co-author Fred Wiersema argue that most companies have to pick one strategy they will really excel at and exploit it. Operational Excellence - This is low cost. Let me use another example: The Kitchenaid Standmixer.

Cost Reduction 117

Cost Reduction Price Reduction Supply Chain Design Software Strategy 117

Conger

FEBRUARY 5, 2024

Buying a forklift can be difficult, especially if you do it for the first time. If you’re buying a used forklift, you can also look for things like damage to the forklift forks , gaps in the lift chains, mast operations, the condition of the battery, and more. So, this post is your ultimate guide to buying a forklift.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Purchasing Skills Negotiating Skills 52

Logistics Viewpoints

MARCH 9, 2023

The classical approach involves functional silos, sequential decisions, and Excel and people to render a plan executable. Big data is used to understand a customer’s propensity to buy, the tendency to return, conversion of clicks to orders, demand sensing signals, individualized promotions, etc.

Supply Chain Planning Software 134

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 134

Logistics Bureau

MAY 31, 2021

If yours is one of those businesses shifting from traditional to online retail, you’ve probably faced some of the logistical challenges arising from the need to deliver your customers’ purchases to them. For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

Parade

JUNE 24, 2019

If you are a business owner or member of the leadership team, you’ve probably already asked yourself this question: Should I build these tech solutions in-house or should I buy them? There's nothing to buy. Just because tech presents excellent opportunities for your brokerage, doesn't mean you have to become a tech company.

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Procurement Solutions Logistics Network Optimization Software Freight 60

Parade

JUNE 24, 2019

In a recent article, Peter Rentschler, CEO at CarrierDirect, discussed why freight brokerages should focus on better utilizing their existing Transport Management System (TMS) to increase operational efficiency, rather than investing in upgrading their systems or purchasing something new. There's nothing to buy. The question is: how?

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Procurement Solutions Logistics Network Optimization Software Freight 60

Parade

JUNE 24, 2019

In a recent article, Peter Rentschler, CEO at CarrierDirect, discussed why freight brokerages should focus on better utilizing their existing Transport Management System (TMS) to increase operational efficiency, rather than investing in upgrading their systems or purchasing something new. There's nothing to buy. The question is: how?

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Procurement Solutions Logistics Network Optimization Software Freight 60

Logistics Viewpoints

MAY 11, 2023

Specifically, through modeling and simulation of a digital twin you’re able to ‘virtually try before you buy’ — modelling different scenarios quickly and easily without interrupting operations, or committing significant time and capital. Do they purchase a 3D warehouse simulation and modeling tool?

Optimization Software 159

Optimization Software Supply Chain Design Software Modeling Software Digital 159

Logistics Bureau

MAY 30, 2022

Despite the apparent complexities involved in supply chain management, achieving excellence really doesn’t have to be too difficult. In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. The Importance of Alignment.

Inventory Reduction 117

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 117

Ship Monk

JANUARY 29, 2024

Each time a customer makes a purchase from your ecommerce brand they are giving you two things. Because by putting in their credit card numbers and hitting BUY, they are trusting that this transaction will positively benefit them in some way. The first is obvious—their business. The second, which is less obvious, is their trust.

eCommerce 105

eCommerce Logistics Network Optimization Software Eliminating Excel in Purchasing Supply Chain Software 105

SYSPRO Smarter ERP

SEPTEMBER 27, 2021

This strategy creates a subscription-based revenue stream, while the physical good itself is often a one-time purchase. For example, a refrigerator manufacturer can attach an IoT sensor to each of the appliances to monitor up-time and the products temperature. Data can also enable cross-sector collaboration. Where to start.

Manufacturing Procurement 105

Manufacturing Procurement Data Modeling Software Optimization Software 105

Ship Monk

MARCH 4, 2021

As such, they excel in different ways, even if their usage is sometimes perceived as interchangeable. AR, for example, is great for workforce training situations where employees still need a firm grasp on the real world, and VR can be used for simulations, virtual tours, and, yes, video games. AR and VR: Benefits and Examples.

eCommerce 97

eCommerce Eliminating Excel in Purchasing Modeling Software Procurement Analytics 97

Ship Monk

JULY 28, 2021

Think of the last time you purchased a product or service based on the recommendation of a friend, family member, or your favorite social media influencer. Yup, even dinosaurs looked to fellow terrifying reptiles for guidance on their buying habits. Take us, for example. Let’s begin! What Is Social Proof? Types of Social Proof.

Eliminating Excel in Purchasing 98

Eliminating Excel in Purchasing Case Study Procurement Analytics Purchasing Skills 98

The Lean Thinker

DECEMBER 21, 2017

If you choose to buy the book, I get small affiliate kickback that doesn’t affect the price you pay. On the one hand, the practice has become more sophisticated as people explore and learn application in contexts other than the original industrial examples. Don’t just read. A Bit of History: Toyota Kata has Evolved.

Material Savings 236

Material Savings Examples Resource Reduction Price Reduction 236

Logistics Viewpoints

MAY 16, 2022

A company buys these solutions to optimize their business. Rich Sherman – a Senior Fellow in TCS’s Supply Chain Center of Excellence – points out that many companies are building control towers to better manage their supply chains. For example, many companies are struggling to get transportation capacity.

Supply Chain Planning Software 142

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Supply Chains 142

Logistics Viewpoints

AUGUST 12, 2024

For example, Mr. Tamma explained, “for the BMW X5 model, we have a specific corresponding products ranging from 19-inch to 22-inch rim sizes.” Pirelli needed to move from using an army of representatives visiting dealer sites, showing them massive catalogs, and saying to the dealer, “You could buy this or this or this.”

Supply Chain Planning Software 137

Supply Chain Planning Software Digital Supply Chain Design Software Scenario Planning 137

Logistics Viewpoints

SEPTEMBER 20, 2022

In this blog, I’ll try to shed more light on it with examples from our work with our customers. Think of the Lego as the ultimate example of a composable toy. Examples of Composability in Supply Chain Planning Platforms. Here are some real-life examples from the trenches to demonstrate what I mean by flexibility and modularity.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 130

Locus

AUGUST 5, 2024

This was where we looked at the unique capabilities of AI and ML and how we could embellish our solutions with these technologies to enable that unique competitive edge across each stage of the order (purchase, fulfillment, and returns). Over time, we were able to create just these kind solutions across major operations of the value chain.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Supply Chain Software Supply Chains Optimal Sourcing 52

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Some suppliers of demand management software can also provide excellent forecast benchmarking for selected industries. forecasting product sales at 10,000 stores.

Supply Chain Planning Software 126

Supply Chain Planning Software Scenario Planning Optimal Sourcing Supply Chain Software 126

Logistics Viewpoints

JUNE 9, 2022

This warehouse runs at a perfect optimum with fixed capital in the form of inventory balanced perfectly with sales and purchasing, and all the items perfectly distributed to the various storage areas of the warehouse. These parameters might be of a logistic nature, for example, the ABC classification of goods.

Logistics Network Optimization Software 150

Logistics Network Optimization Software Optimization Software Supply Chain Planning Software Modeling Software 150

Logistics Viewpoints

APRIL 24, 2023

The visibility to spend allows them to provide excellent benchmarking in several areas. The supply chain design solution, for example, continues to grow in depth and usability. Initially, this product will focus on the purchase order (PO) acceptance process. That has recently changed.

Supply Chain Design Software 134

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 134

GlobalTranz

AUGUST 3, 2015

You may opt to organize your business into an independent third-party logistics provider (3PL), or you may want to purchase software for tracking, monitoring, and processing all of your needs. However, you must factor in the cost of purchasing an ERP system and compare it to the cost of purchasing an individual TMS , or SCM system.

Supply Chain Design Software 97

Supply Chain Design Software Supply Chain Software Procurement Solutions Logistics Network Optimization Software 97

Freightos

JULY 19, 2017

improve ideation and garner business unit buy-in on complex rollouts. Which is why experts stressed that top management buy-in for changes and risk-taking is business-critical to actually push for change. Leadership Support: In a fairly traditional industry, change requires risk-taking.

Digital 106

Digital Logistics Network Optimization Software Price Reduction Eliminating Excel in Purchasing 106

GlobalTranz

MAY 13, 2015

However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. These are all examples of the effects production may have on the environment, in local communities, or on the people who grow and make what we sell.” million employees without a focus on good supply chain management.

Supply Chain Planning Software 115

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

WorkWave

FEBRUARY 14, 2020

Before diving into specifics, let’s take a look at some general tips for buying hand tools: Most hand tools have wooden handles. Try before you buy whenever possible. A shovel is usually an excellent tool to splurge a bit on for improved quality. Your mower is likely the biggest and most expensive lawn care tool you’ll buy.

Modeling Software 88

Modeling Software Tools Eliminating Excel in Purchasing Expense Reduction 88

Logistics Bureau

OCTOBER 10, 2022

For example, you can optimise for cost, profit, or service, but not for all of them. For example, inaccurate forecasts typically lead to: Overstocking — a problem that ties up working capital and can lead to inventory obsolescence. Let’s explore a quick example of the relationship between supplier lead times and inventory levels.

Inventory Reduction 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

IoT World Today

MARCH 27, 2020

Today most companies use Excel to put together different scenarios,” Bailey said. More than 90% of supply chain managers, use Excel somewhat to heavily for supply chain analytics. Tire companies, for example, now use sensor data to monitor tire pressure and proactively alert customers about maintenance.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Procurement Analytics 145

Logistics Bureau

DECEMBER 6, 2024

No retailer or producer for example, wants to be implicated in a consumer health scare resulting from poor quality-management in their supply chain. In order to attain control over the entire supply chain , some larger supermarket chains are becoming directly involved in production activityfarming for example.

Supply Chain Design Software 89

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 89

3PL Links

NOVEMBER 26, 2024

This helps companies to better organize products, from storage to delivery to the end customer, for example in a warehouse where robots are responsible for moving the products from one side to the other. For example, an automated system can better organize delivery routes, saving fuel and time.

Supply Chain Software 62

Supply Chain Software Logistics Network Optimization Software Optimization Software Supply Chain Planning Software 62

Logistics Viewpoints

NOVEMBER 8, 2022

Let us take the example of direct materials, i.e., materials that are used as components in making a finished product, such as a hard drive or RAM in a personal computer. Bundled offers (if you buy X, Y, and Z from me, I can offer a 10% discount or in case of transportation, grouping of backhaul lanes at a discount along with inbound lanes).

Optimal Sourcing 137

Optimal Sourcing Sourcing Strategies Material Savings Supply Chain Software 137

Logistics Bureau

OCTOBER 26, 2020

As legislation focuses ever more heavily on environmental protection though, and consumers increasingly consider sustainability in their purchasing decisions, all supply chain organisations will need to find the way forward. When they know what to look for, they can add granularity to your search for environmental performance excellence.

Supply Chain Planning Software 113

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 113

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. At a high level, what GEON does is purchase plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. It’s the narrative.

Supply Chain Planning Software 157

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 157

Logistics Bureau

FEBRUARY 14, 2022

When you bought something that you can see within your field of vision, an inventory analyst somewhere in the world freaked out because you didn’t buy the one she thought you would. For example, how flexible is your network? Every single thing you see is inventory. You bought another one. How variable are your variable costs?

Inventory 114

Inventory How To Supply Chains Scenario Planning 114

GoShip Blog

FEBRUARY 16, 2021

In the UK, for example, retailers estimate a 26% increase in sales in 2021 compared to the previous year. According to the National Retail Federation states, the most popular gifts purchased on Valentine’s Day are sweets (55%), cards (45.9%), and flowers (35.6%). Both chocolates and flowers have to remain in excellent condition.

Manufacturing Procurement 89

Manufacturing Procurement Logistics Network Optimization Software Temperature Logistics 89

Ship Monk

APRIL 26, 2023

2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. For example, say an ecommerce merchant has a 2-Day delivery policy for orders received before 3PM. Sound simple? The remarketing possibilities are abundant!

eCommerce 98

eCommerce Purchasing Skills Eliminating Excel in Purchasing Procurement Solutions 98