Locus

AUGUST 13, 2024

For example, Walmart recently decided to convert sections of their stores into mini warehouses. The concept of “Four Walls Excellence” is key to this. What Are the Four Walls of Excellence in Retail? A recent study predicts that the number of warehouses globally will rise from 151,000 in 2020 to 180,000 by 2025.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Resource Reduction Cost Reduction Inventory Reduction 52

AIMMS

NOVEMBER 12, 2019

So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. There is valuable time and effort put in by both the supplier and the purchasing party.

Supply Chain Planning Software 101

Supply Chain Planning Software Procurement Solutions Modeling Software Supply Chain Software 101

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

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? Every time we buy something online, we’re gambling that what we see is what we’re going to get. Every time we buy something online, we’re gambling that what we see is what we’re going to get. That’s a mind-blowing statistic.

eCommerce 105

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 105

3PL Links

DECEMBER 24, 2024

For example: we have the traditional warehouse and the cold storage warehouse. Using automated picking systems, for example, can speed up the product-picking process compared to manual picking, reducing the time needed to prepare shipping orders. Which Type of Logistics Warehouse is Right for Your Business?

Inventory Reduction 62

Inventory Reduction Material Savings Optimization Software Cost Reduction 62

Logistics Viewpoints

DECEMBER 2, 2021

There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Online buying will fuel home delivery growth, challenges and new strategies.

Waste Reduction 141

Waste Reduction Cost Reduction Inventory Reduction Resource Reduction 141

Logistics Bureau

NOVEMBER 29, 2024

Retail Supply Chain Costs These costs will of course vary by company and sector and are just an example. That’s why retailers place so much focus on buying well. For example, buying in large quantities from suppliers, to get a lower unit cost. By far the biggest cost is the Cost of Goods or COGS.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 75

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

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

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

Trinity Logistics

NOVEMBER 30, 2021

Most importantly, do I want to buy the software outright or outsource? And if you’re looking to purchase software outright versus outsourcing with a 3PL, you’ll soon realize that not all transportation management software companies offer the same thing. A 3PL can be an excellent option for a transportation management provider.

Supply Chain Design Software 116

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 116

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 How To 236

Talking Logistics

JANUARY 30, 2018

It only takes a simple example to remind you how e-commerce continues to evolve and the potential it has to disrupt traditional markets, supply chains and even governments. Let me tell you how international e-commerce is changing one buying pattern and why it will reshape global logistics operations and government import regulations.

Eliminating Excel in Purchasing 101

Eliminating Excel in Purchasing Supply Chain Planning Software Government Logistics Network Optimization Software 101

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

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 111

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 111

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 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 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

SYSPRO Smarter ERP

JANUARY 13, 2025

A single, integrated system built for the specialized needs of the food and beverage industry enables manufacturers to effectively manage areas such as quality control , compliance, traceability, purchasing, inventory management , warehouse operations, sales and financials. For example, review the systems scalability.

Optimization Software 52

Optimization Software Manufacturing Procurement Supply Chain Planning Software Modeling Software 52

3PL Links

JANUARY 8, 2025

Quality, aiming to reconcile excellence and savings in favor of a good service provided. An increase in tire consumption indicates, for example, excessive use of a vehicle, which can have other negative consequences for the business. Or when it is time to purchase new vehicles?

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

Talking Logistics

APRIL 23, 2019

A great example of this change is the way Americans shop for furniture. For these investment purchases, consumers expect a high level of service including room of choice placement and assembly. Managing delivery exceptions for excellent customer experience. Let’s take another look at the treadmill example.

Supply Chain Design Software 109

Supply Chain Design Software Cost Reduction Logistics Network Optimization Software Supply Chain Software 109

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 121

Supply Chain Planning Software Digital Supply Chain Design Software Scenario Planning 121

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 119

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Supply Chains 119

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

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 121

Optimization Software Supply Chain Design Software Modeling Software Digital 121

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

Talking Logistics

APRIL 24, 2017

Last Saturday, we celebrated Earth Day, making this an excellent time for each of us to examine our own commitment to the environment. 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. In fact, 22% of U.S.

Optimal Sourcing 91

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 91

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 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 111

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 111

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

Log-hub

MARCH 7, 2025

H&Ms Garment Collecting Program is a perfect example of reverse logistics in action. A great example is Fairphone , a sustainable smartphone brand that designs devices with replaceable parts, allowing users to repair or upgrade components instead of discarding the entire phone. billion in 2022 and projected to grow at a CAGR of 9.4%

Waste Reduction 40

Waste Reduction Resource Reduction Material Savings Cost Reduction 40