SYSPRO Smarter ERP

MARCH 21, 2022

Several surveys have reported how SCM in recent years has moved from being a cost center to one responsible for offering superior customer experience and delivering competitive advantage. Primarily this meant increasing inventories as opposed to other strategies like nearshoring. How Supply Chain Management is changing.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

Logistics Viewpoints

FEBRUARY 16, 2021

In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. 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.

Supply Chain Planning Software 131

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 131

Ship Monk

FEBRUARY 9, 2024

This type of data must be actively gathered by researching market trends, analyzing the competitive landscape, conducting consumer surveys and focus groups. If you’re not careful, the costs of forecasting can outweigh the potential savings in inventory costs. Qualitative data is more subjective.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

Logistics Viewpoints

FEBRUARY 7, 2025

Additionally, customer demand for green solutions is surging, with a McKinsey survey indicating that 60% of consumers are willing to pay a premium for sustainable delivery services. For example, the global logistics automation market is expected to grow from $50 billion in 2023 to $120 billion by 2030, according to Allied Market Research.

Cost Reduction 76

Cost Reduction Inventory Reduction Price Reduction Supply Chain Planning Software 76

SYSPRO Smarter ERP

JUNE 21, 2022

There are many causes, for example, container ships from Asia are now too large to traverse the Panama Canal (20 years ago they were not), so they offload on the West Coast of the United States and are compelled to truck all goods to the East Coast. Hence our surprise at the findings of the global survey above. .

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 105

Logistics Viewpoints

JUNE 23, 2021

An understanding of these dynamics was the goal of ARC’s survey-based research conducted with DC Velocity earlier this year (see DC Velocity Infographic in June 2021 issue). Our survey was conducted with respondents across manufacturing, wholesale, retail, and logistics service provider (3PL) sectors.

Ordering 102

Ordering Manufacturing Procurement Survey Picking 102

IoT World Today

MARCH 27, 2020

Manufacturing companies that have relied on China for production materials are feeling the blowback of this dependence; some retailers source more than half their inventory from China, according to 2020 Statista data. 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

Conger

JULY 28, 2022

Plenty of examples of warehousing. Geological Survey. This allows companies to keep a closer eye on inventory levels, product flows, and shipping. A higher degree of control over inventory management, such as space utilization, inventory tracking, and team management. Their pros and cons. Let's dive in!

Examples 52

Examples Definition Supply Chain Design Software Supply Chain Software 52

Logistics Viewpoints

FEBRUARY 17, 2025

According to a survey of 250 global companies by the consulting firm McKinsey, 91% of shippers and 75% of logistics service providers have implemented a warehouse management system. One example, the warehouse uses a custom-made box that, generally speaking, holds 12 pairs of shoes. DCs inventory accuracy now exceeds 99.5%.

Optimization Software 72

Optimization Software Optimal Sourcing Logistics Network Optimization Software Supply Chain Software 72

SYSPRO Smarter ERP

MAY 14, 2024

As recently as 2021, survey data reveals that 98% of manufacturers have, are, or are planning to implement an eCommerce strategy. Synchronize orders and inventory: Automatic synchronization between the eCommerce platform and ERP ensures that sales data and inventory are always current, reducing the likelihood of order inaccuracies.

Manufacturing Procurement 110

Manufacturing Procurement eCommerce Supply Chain Planning Software Optimization Software 110

GlobalTranz

OCTOBER 25, 2017

Inventory tracking is among the top areas most impacted by omnichannel supply chain strategies, and consumer spending habits are forcing inventory tracking technology to evolve, making sure consumers can get the products they want, through the media and channels they want, and at the prices they want.

Inventory Reduction 50

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Optimization Software 50

Material Handling and Logistics

JULY 24, 2018

However, their ability to collect from customers and manage inventory actually both deteriorated, masked by a significant increase in the time companies take to pay suppliers, according to the latest Working Capital Survey results from The Hackett Group. days and Days Inventory On hand (DIO) rose by just 0.6% to 51 days.

Optimal Sourcing 92

Optimal Sourcing Inventory Reduction Survey Inventory 92

SYSPRO Smarter ERP

OCTOBER 4, 2021

A 2020 SYSPRO survey showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic. Here are examples of the tangible return-on-investment (ROI) ERP can bring to your business: Maintain competitive advantage with ERP. ERP reduces operational and administrative costs.

Manufacturing Procurement 119

Manufacturing Procurement ERP Distribution Supply Chain Software 119

Logistics Viewpoints

AUGUST 5, 2021

In MIT’s State of Supply Chain Sustainability 2021 , 80% of executives surveyed said the pandemic either had no impact on their commitment or increased it. For example, confectioner Mars is building deeper relationships with fewer palm oil suppliers to increase their ability to monitor and impact deforestation.

Supply Chain Planning Software 128

Supply Chain Planning Software Supply Chains Material Savings Waste Reduction 128

Logistics Viewpoints

APRIL 15, 2021

Before the pandemic, in a study of logistics providers conducted by Fraunhofer IML, among those embarking on digitalization initiatives, only 25% of logistics providers in the Fraunhofer IML survey are leveraging digital technologies to think outside the box and reinvent their foundational delivery model. The Crucial Role of Trading Partners.

Supply Chain Planning Software 113

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 113

Logistics Bureau

JANUARY 7, 2020

According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. Pioneered the use of vendor-managed inventory. Inventory shortages.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 111

SYSPRO Smarter ERP

SEPTEMBER 20, 2021

For example, before the pandemic, companies could get by with analog machines, paper-based systems, and disconnected point solutions. Inventory is another huge headache. But at the same time, if you’ve got excess inventory, that unnecessarily increases costs. The pandemic made that impossible.

Manufacturing Procurement 110

Manufacturing Procurement Optimal Sourcing Optimization Software Digital 110

Camelot 3PL Software

JANUARY 14, 2021

But it is possible to reposition inventory to better respond to such events. When inventory has been pre-positioned in readiness for disasters, it can support the third-party organizations that respond and assist communities. It may be impossible to ensure your business or organization is entirely natural disaster-proof.

Inventory 52

Inventory Supply Chain Planning Software How To Procurement Analytics 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 121

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 121

Logistics Viewpoints

JANUARY 25, 2023

While retailers would historically allocate inventory before it hit land, they are now making these decisions based on which port the merchandise will be arriving at. Manhattan is putting RFID in the store at the item level for improved inventory accuracy. This helps retailers decide how to best allocate inventory over multiple sites.

Supply Chain Planning Software 112

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 112

3PL Insights

FEBRUARY 19, 2019

Below are examples on how AI is used in logistics. Drones are even playing a part in inventory management. Inventory management is a time consuming and error-prone process. Plus, they can work at night, survey the warehouse multiple times and compare results for a more accurate picture. Autonomous Technology.

Supply Chain Software 95

Supply Chain Software Supply Chains Inventory Reduction Cost Reduction 95

Logistics Viewpoints

OCTOBER 18, 2021

ARC Advisory Group’s warehouse labor survey has shown that 35% of warehouses have a seasonal surge in the number of workers they employ of over 20%. Amazon, for example, uses most of the hundreds of thousands warehouse workers they employ to support their retail operations, not their contract logistics division.

Survey 109

Survey Packing Supply Chain Design Software Supply Chain Planning Software 109

SYSPRO Smarter ERP

NOVEMBER 8, 2021

For example: Japan earthquake 2016. As an example, the same grade of steel produced in Japan and China responded differently even though the specification is standard. The pandemic has shown that companies struggle to have the correct distribution of parts in the inventory holding. Work-in-progress inventory.

Supply Chain Planning Software 116

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

Logistics Bureau

SEPTEMBER 28, 2020

The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. Even slight delays or inventory shortages can have a severe impact on a company’s bottom line.

4PL 98

4PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software 98

Logistics Viewpoints

SEPTEMBER 26, 2022

For example, shippers spent much of last year bemoaning soaring ocean shipping rates and ships waiting for days to unload once they reached their destination port. In one comprehensive survey of 1,000 recently laid off workers, 65% say their employer could have done a better job handling the layoff.

Supply Chains 108

Supply Chains Vendor Strategies Manufacturing Procurement Inventory Reduction 108

Logistics Bureau

OCTOBER 2, 2016

According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth greater than the average within their industries. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. Inventory shortages. Inventory and storage costs. Click To Tweet.

Supply Chain Design Software 99

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 99

Trinity Logistics

NOVEMBER 17, 2021

Nearly 60 percent of those surveyed reported waiting for longer than two hours on each load. This is in line with data collected by a DAT solutions survey showing that 63 percent of drivers say they spend more than three hours waiting when loading and unloading. Freightwaves also collected data on driver wait times.

Supply Chain Planning Software 117

Supply Chain Planning Software Cost Reduction Supply Chain Software Inventory Reduction 117

Logistics Viewpoints

MARCH 21, 2021

According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. A skills assessment survey was done to measure potential gaps against a pre-determined skills matrix. What should supply chain leaders be looking for to close the talent gap?

Supply Chain Planning Software 126

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 126

Freightos

JANUARY 15, 2024

For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year.

Negotiating Skills 127

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 127

GlobalTranz

NOVEMBER 10, 2015

This includes improving processes in inventory management and saving space. For example, reducing excessive safety stock allows a warehouse to minimize number of reorders, reduce wasted space, and avoid issues in shipping errors. For example, an organization may use a subscription-based solution to expand into additional warehouses.

Supply Chain Planning Software 90

Supply Chain Planning Software Optimization Software Inventory Reduction Cost Reduction 90

Logistics Viewpoints

MAY 8, 2023

In a survey of 54 senior executives, only about one in four believed that the processes of their companies balanced cross-functional trade-offs effectively or facilitated decision making to help the P&L (profit and loss) of the full business.” Meanwhile, inventory optimization and production scheduling are more of a black box.

Supply Chain Planning Software 110

Supply Chain Planning Software Scenario Planning Optimal Sourcing Production 110

Logistics Viewpoints

JANUARY 12, 2023

A recent survey of global supply chain leaders suggests to me that the industry risks losing momentum. ” E2E also means being able to see things when they are not in transit, such as raw materials upstream, inventory in a warehouse or yard, products in retail outlets, or shipments stuck in customs.

Supply Chain Planning Software 106

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 106

Now, That's Logistics

JULY 13, 2021

Calling the COVID-19 pandemic a “rude awakening” for many companies, McKinsey says one of its recent surveys revealed that about 42% of respondents report that the crisis weakened their companies’ competitive position (compared with just 28% that say their companies increased their competitive edge during the pandemic).

Supply Chains 113

Supply Chains Logistics Network Optimization Software Resource Reduction Vendor Strategies 113

Freightos

JUNE 15, 2021

For example, with the current steel shortage , factories aren’t able to produce as many cans as usual. Freightos surveyed hundreds of importers who used Freightos.com ’s global freight booking platform in January 2021, and again in June 2021, to see how they’re navigating supply chain challenges.

Supply Chains 164

Supply Chains Price Reduction Cost Reduction Logistics Network Optimization Software 164

20Cube Logistics

OCTOBER 29, 2020

According to a survey by market research firm IDC, “Around 50 per cent of supply chain logistics companies will use AI and Power BI for advanced analytics for planning by 2020”. For example, in a warehouse, AI helps retailers to maintain an edge for supply chain operations and product delivery. What is Artificial Intelligence?

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 74

Ship Monk

JANUARY 11, 2024

Disruption costs: Returns that aren’t handled properly can quickly pile up, interfere with order processing, cause inventory discrepancies, and take up costly warehouse space. Let’s take apparel, for example. According to a Coveo Holiday Report, 55% of surveyed online shoppers in the U.S.

Procurement Solutions 111

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 111

ShipLilly

JUNE 23, 2021

There are examples of artificial intelligence being used to achieve these goals. For example, an online movie platform can prepare a recommended list for users based on their profile and previous behavioral patterns. Function 3: Improving the accuracy of inventory management. Another 53% reported increased revenues.

Optimal Sourcing 87

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 87