Logistics Bureau

DECEMBER 7, 2024

Is it a good idea to reduce working capital in a supply chain? Current assets include inventory and accounts receivable, i.e. payments you are waiting to receive, notably from your customers. Current liabilities are typically accounts payable, meaning the money you are due to payout, for example to suppliers. Yes, in general.

Material Savings 69

Material Savings Inventory Reduction Cost Reduction Vendor Strategies 69

Logistics Bureau

MAY 30, 2022

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. Aligning strategy, service, and financial factors in your supply chain operation is essential to support your company’s overall business strategy , mission, and objectives. The Importance of Alignment.

Inventory Reduction 117

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 117

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

Logistics Bureau

DECEMBER 13, 2024

Supply chain cost reduction is not something to be tackled as a project. In the meantime the supply chain continues to change and evolve, which potentially means that without vigilant monitoring, costs continue to creep upwards, making the next cost-reduction project more challenging than the last. Guesswork will not do.

Cost Reduction 60

Cost Reduction Waste Reduction Material Savings Inventory Reduction 60

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

Logistics Viewpoints

MARCH 21, 2024

The challenges brought about by the pandemic made many rethink strategy when it came to inventory, stock on hand, secondary options and the ability to guarantee supply and resiliency. That means planning, inventory, and order management must be very closely aligned and optimized.

Supply Chain Planning Software 151

Supply Chain Planning Software Optimization Software Supply Chain Software Inventory Reduction 151

Logistics Viewpoints

OCTOBER 2, 2024

For example, logistics companies are to employ Level 2 and 3 autonomous vehicles that assist drivers by adjusting speed and steering based on road conditions. By adhering to these industry standards, logistics companies ensure safer, more efficient, and compliant operations that meet regulatory and customer expectations.

Supply Chain Planning Software 161

Supply Chain Planning Software Warehousing Supply Chain Software Optimization Software 161

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like?

Inventory Reduction 78

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 78

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 131

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 131

Logistics Bureau

DECEMBER 20, 2021

As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. You will also understand their notable benefits to the inventory management discipline. 10 Invaluable KPIs to Track Inventory Management Performance. 1: Inventory Turns. million)/2 = 6.76.

Inventory Reduction 106

Inventory Reduction Inventory Cost Reduction Purchasing Skills 106

Logistics Bureau

JANUARY 9, 2019

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

Logistics Viewpoints

FEBRUARY 23, 2022

Specifically, there were spikes in demand, and even though there was a lot of inventory available, the demand was surging. Then we moved into a phase where we had stationary, stale, and suspended inventory because we couldn’t get to it; retail stores and distribution centers were closed, and seasonal inventory was very challenged.

Supply Chain Design Software 179

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 179

WorkWave

JANUARY 18, 2021

A few examples of recurring tasks include: Responding to emails or sending updates; Scheduling; Shipping and inventory management; Analytics and website tracking; Posting to social media. Another example of using software to automate tasks is a social media management dashboard.

Sourcing Strategies 98

Sourcing Strategies Inventory Reduction Tips Supply Chain Software 98

Logistics Viewpoints

MARCH 24, 2022

Retailers also took steps to contain costs and preserve margins as they reoriented toward e-commerce like never before, including putting solutions in place to more effectively navigate carrier capacity caps and improve the visibility, accessibility, and mobility of inventory. Meet the basic needs. More to give the organization.

Supply Chain Planning Software 149

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 149

Ship Monk

SEPTEMBER 14, 2023

If you’re not employing a multichannel sales strategy, you’re clearly missing out. But what, exactly is a multichannel sales strategy, and is it worth the investment? Shopping platforms also make it easier to integrate third-party apps such as payment systems, returns apps, fulfillment automation, and inventory management.

Inventory Reduction 64

Inventory Reduction Price Reduction Cost Reduction eCommerce 64

EazyStock

NOVEMBER 17, 2020

What is ERP inventory management? When it comes to inventory management, ERP systems are ideal for tracking stock along the supply chain, monitoring stock levels and order processing. ERP inventory management limitations. ERP inventory management needs sophisticated demand forecasting.

ERP 98

ERP Inventory Reduction Inventory Optimization Software 98

EazyStock

JULY 22, 2021

Demand forecasting techniques play a critical role in inventory management. However, producing an accurate inventory demand forecast is no mean feat. But first – let’s get a definition: What is inventory demand forecasting? The Importance of Accurate Inventory Forecasting. Inventory Forecasting: Demand Types.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

Logistics Viewpoints

DECEMBER 7, 2021

Workforce shortages and other challenges abound throughout all transportation sectors, and while this may revitalize investments in localized manufacturing, expanded warehousing to hold more inventory, and other efforts, these changes do not solve today’s issues. Carrier capacity management strategies ease the crunch.

Price Reduction 132

Price Reduction Cost Reduction Inventory Reduction Capacity 132

ShipLilly

OCTOBER 26, 2020

Inventory management remains one of the most important ways in which you can transform your e-commerce business into a profitable and successful enterprise. The mistake that many entrepreneurs make is to think that inventory management is only for larger corporations with unlimited research and development budgets.

Inventory Reduction 96

Inventory Reduction Inventory Tips Supply Chain Planning Software 96

The Lean Thinker

MARCH 9, 2020

In that post I told a true story of a company that placed very heavy emphasis on reducing inventory levels without digging into how that performance was achieved. Wait times were reduced – at least on paper. The story I cited above about inventory levels is a great example. And it worked.

Cost Reduction 195

Cost Reduction Price Reduction Inventory Reduction Material Savings 195

Logistics Bureau

MAY 31, 2021

Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. 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. High Cost to Serve: It’s an Omnichannel Problem.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

3PL Links

OCTOBER 29, 2024

Image source: Pexels | How Real-Time Inventory Tracking Can Boost Your Profit in 2025 In today’s fast-moving business environment, real-time inventory tracking has become a critical tool for optimizing operations, cutting costs, and driving profitability. But how exactly does real-time inventory tracking impact your bottom line?

Inventory Reduction 62

Inventory Reduction Optimal Sourcing Inventory Cost Reduction 62

SYSPRO Smarter ERP

AUGUST 1, 2022

For example, in a bakery business, using the right tool with the BOM, the overall capacity of the oven and fridges could be monitored, and improvements as to how best to use ability could be suggested to reduce electricity costs, capacity constraints and workforce. Here’s how BOM can help you manage your inventory.

Optimal Sourcing 111

Optimal Sourcing Manufacturing Procurement Material Savings Inventory Reduction 111

Ship Monk

FEBRUARY 24, 2024

You never want to cut corners on these, or any, crucial areas of your ecommerce brand. For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client. In the previous example, you have the physical weight that extra travel inventory creates in your luggage that you have to lug around.

eCommerce 105

eCommerce Inventory Reduction Tips Waste Reduction 105

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

Logistics Viewpoints

JANUARY 26, 2021

The hyper-focus on meeting customer expectations is also creating pressures upstream in the supply chain, as manufacturers extend visibility and collaboration beyond their own walls to avoid any disruptions. To meet customers’ growing expectations for personalized offerings, the typical company’s product lines have grown exponentially.

Supply Chain Software 171

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 171

Logistics Business Magazine

JANUARY 20, 2023

But, how can you drive efficiency, and accuracy whilst saving time in your supply chain with on-time in full strategies? It all comes down to your on-time in full strategies. Your OTIF rate is the percentage of your total orders that meet this benchmark. For example, let’s say you made 820 deliveries on time and in full.

Expense Reduction 60

Expense Reduction Inventory Reduction Cost Reduction Supply Chains 60

Logistics Viewpoints

NOVEMBER 15, 2022

Instead, because of technological advances and enhanced interoperability, operators are relying more on modular optimization and execution systems that provide advanced capabilities on top of the basic inventory management and control functions of the WMS. Scalable automation that optimizes core warehouse functions.

Optimization Software 149

Optimization Software Inventory Reduction Production Vendor Strategies 149

SYSPRO Smarter ERP

JULY 19, 2022

Businesses are continuously trying to find ways to maximize productivity and reduce waste to remain competitive in the global marketplace. However, manufacturers can only reap those benefits if they implement the right processes to enable this approach and embrace a strategy of continuous improvement. What is lean manufacturing?

Manufacturing Procurement 105

Manufacturing Procurement ERP Waste Reduction Material Savings 105

Ship Monk

NOVEMBER 8, 2022

“Inventory” is a tricky word because it means different things to different people. If you are an inventory manager, inventory is the number of units you have on hand at any given time. If you are an accountant, inventory is an asset on a balance sheet tracked by its monetary value. Inventory Types for Manufacturers.

Inventory Reduction 98

Inventory Reduction eCommerce Inventory Manufacturing Procurement 98

Logistics Viewpoints

JULY 10, 2024

Supply chain resilience refers to planning for things that could go wrong and then creating inventory buffers or contingency plans. SCP solutions provide a solid ROI based on hitting targeted service levels with less raw material, work-in-process, or finished goods inventory. The ability to meet that demand can be less than expected.

Supply Chain Planning Software 163

Supply Chain Planning Software Scenario Planning Supply Chain Design Software Supply Chain Software 163

Dedola Global Logistics

JANUARY 14, 2023

Transloading: A Comprehensive Guide With Client Examples . Transloading can also minimize the risk of cargo damage, provide transportation flexibility, and reduce the time a shipment spends in transit. Case Studies: DGL’s Successful Transloading Strategies for Clients in Various Industries. Types of Transloading.

Examples 65

Examples Cost Reduction Expense Reduction Inventory Reduction 65

Logistics Viewpoints

FEBRUARY 28, 2022

Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” This article, which is focused on the different types of artificial intelligence used and the types of problems they are solving, is aimed at helping practitioners cut through the hype.

Supply Chain Planning Software 182

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 182

SYSPRO Smarter ERP

NOVEMBER 8, 2021

According to McKinsey , the value of goods traded globally has tripled to more than US$10 trillion since 2000, and because of recent events, they are having to re-evaluate supply chain strategies. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

SYSPRO Smarter ERP

MAY 14, 2024

It’s a strategic move you’ve likely pondered over countless meetings and budget reviews. As recently as 2021, survey data reveals that 98% of manufacturers have, are, or are planning to implement an eCommerce strategy. There’s also the lingering concern: “Are we just too late to the game?”

Manufacturing Procurement 110

Manufacturing Procurement eCommerce Supply Chain Planning Software Optimization Software 110

Logistics Viewpoints

FEBRUARY 16, 2021

According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. This example illustrates why supply chain visibility isn’t enough. In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking.

Supply Chain Planning Software 190

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 190

Logistics Bureau

DECEMBER 4, 2024

We all know it’s at the heart of most businesses, but what comes under the umbrella of inventory and how is that different to stock? What is Inventory? Inventory can best be described as any materials or goods that pass through or are held in your business and are necessary in order to carry out your trade.

Inventory Reduction 48

Inventory Reduction Inventory Material Savings Cost Reduction 48