Logistics Viewpoints

JUNE 13, 2024

In our picking example, you would begin by analyzing the entire warehouse to identify where the bottleneck or constraint occurs. One example in the warehouse could be optimizing the path taken by pickers. On-floor travel often accounts for half of all labor time, mainly in order picking.

Optimization Software 179

Optimization Software Optimization Modeling Optimization Modeling Software 179

The Logistics of Logistics

MAY 12, 2021

Costco example: they sell different brands and market their brand Kirkland, which now accounts for approximately 25% of their revenue. Private label is becoming an important strategy for retailers. Tecsys’ shares are listed on the Toronto Stock Exchange under the ticker symbol TCS. . So, what is Costco? A retailer or a producer?

Supply Chain Software 368

Supply Chain Software Logistics Network Optimization Software Procurement Solutions eCommerce 368

Logistics Bureau

NOVEMBER 28, 2024

If net profit on sales is 5%, for example, a reduction in supply chain costs from 9% to 4% (or from 12% to 7%) will double net profits. Transaction Costs The act of placing or accepting an order can be surprisingly expensive. Supply chain costs often represent a considerable percentage of the sales price of a good or service.

Cost Reduction 79

Cost Reduction Inventory Reduction Material Savings Expense Reduction 79

Logistics Viewpoints

NOVEMBER 20, 2023

Rather than just offering consumers the choice of buying online or buying in the store, a retail omnichannel strategy involves a lot more paths to fulfill an order or to process a return. As a result of this, the market for omnichannel order management (OOM) systems grew briskly. Then came Covid. Shipping from the store, and 5.

Cost Reduction 158

Cost Reduction Expense Reduction Inventory Reduction Modeling Software 158

Logistics Viewpoints

AUGUST 1, 2024

Top Challenges Faced by Companies: Customer Preferences: Example: An online fashion retailer faces the challenge of constantly changing customer preferences. They design their supply chain on a continuous basis and focus on ecommerce retailing strategies that segment their customer base according to buying behavior.

Supply Chain Design Software 169

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Scenario Planning 169

Logistics Viewpoints

JANUARY 21, 2021

ML looks into historical data (for example, transit time statistics of carriers) and data from impactful external factors (such as port congestion, weather or holidays) and uses this information to develop more accurate transit time estimates. Derek has 27 years of experience in supply chain software.

Inventory Reduction 214

Inventory Reduction Supply Chain Planning Software Cost Reduction Logistics Network Optimization Software 214

Stord

JULY 1, 2024

A brand’s goal is to maximize order value and repeat purchase rate, while minimizing variable product and shipping costs, optimizing ad costs, and keeping overhead costs low. Automate or Fall Behind In order for brands to do this at scale they cannot do this by hand, they need to automate the process.

Expense Reduction 78

Expense Reduction Cost Reduction Price Reduction Inventory Reduction 78

Logistics Viewpoints

AUGUST 29, 2024

Another key strategy is right-sizing cartons to match the specific dimensions of the products being shipped. This leads us to the idea of Dynamic Slotting , an essential strategy for space optimization. Another key strategy is the implementation of cross-docking. Product slotting is a complex problem.

Waste Reduction 154

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction 154

Logistics Viewpoints

OCTOBER 17, 2024

Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. Market Intelligence: Suppliers often have access to valuable business and supply market intelligence, which can inform a company’s strategy especially in the area of direct spend.

Supply Chain Planning Software 148

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 148

Logistics Viewpoints

JUNE 9, 2022

Suddenly, the situation changes, whether because of a new company strategy, ever-present retail dynamics or possibly due to a completely new influencing factor. Sophisticated transport networks are great in logistics, but the bottom line is how quickly an order gets moved through a warehouse.

Logistics Network Optimization Software 156

Logistics Network Optimization Software Optimization Software Supply Chain Planning Software Modeling Software 156

Logistics Viewpoints

JANUARY 18, 2024

For instance, adjustments in order volumes trigger immediate updates to demand, inventory, supply, production, and transportation plans. Incremental Order Quantity > Minimum Order Quantity, delivery cycle > shelf life and transactions (e.g., 2) AI-Infused Data Quality Assurance Ok, we built the proverbial highway.

Supply Chain Software 171

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 171

Logistics Viewpoints

JUNE 4, 2024

With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.

Inventory Reduction 145

Inventory Reduction Supply Chain Planning Software Inventory Waste Reduction 145

Logistics Viewpoints

NOVEMBER 25, 2024

In 2017, a strategy consultant was hired to do a top-to-bottom assessment of the Boston University procurement program. Once that requisition is approved, it becomes a purchase order. If the invoice matches the purchase order, it is posted in SAP, and the payment is made automatically without any paper or human touch.

Purchasing Skills 159

Purchasing Skills Sourcing Strategies Sourcing Procurement Solutions 159

Logistics Viewpoints

FEBRUARY 28, 2022

Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” Lead times, for example, are a critical form of master data for planning purposes. The processing units in an oil refinery, for example, operate at high temperature and high pressure.

Supply Chain Planning Software 182

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

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? Even if a brick-and-mortar store does not have an online sales strategy, it should be using a multichannel marketing strategy. What is a Sales Channel?

Inventory Reduction 64

Inventory Reduction Price Reduction Cost Reduction eCommerce 64

Logistics Viewpoints

FEBRUARY 23, 2022

Fourth, what makes order management technology dynamic? Order Management. Distributed order management (DOM) is at the heart of any omni-channel strategy. There are so many potential points of order fulfillment, whether it be a distribution center, dark store, retail stores or third-party vendor, to name a few.

Supply Chain Design Software 179

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

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

Logistics Viewpoints

DECEMBER 7, 2021

E-commerce order volume keeps climbing, straining carrier capacity with shippers sending more parcels outbound and receiving more returns inbound. Consumer expectations for cheap and fast shipping continue to climb, and consumers increasingly want to order across borders , only compounding the problems. Manufacturers also adjusted.

Price Reduction 132

Price Reduction Cost Reduction Inventory Reduction Capacity 132

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

SEPTEMBER 6, 2023

My first impression at that time was the mental image it provoked – a delivery truck pulling up to my house and placing a package that I hadn’t ordered on my front door, but ultimately decided to keep. But a disadvantage compared to physical stores was the wait time between ordering and receipt of merchandise.

Inventory Reduction 164

Inventory Reduction Purchasing Skills Cost Reduction Modeling Software 164

Logistics Viewpoints

AUGUST 8, 2024

An enlightening new report indicates that this strategy corresponds to strong financial performance for shippers and logistics service providers (LSPs). For example, Competitive Weapon companies are 3.4 Mike Hane, Director, Product Marketing, TMS at Descartes Does your company view transportation as a competitive weapon?

Supply Chain Planning Software 144

Supply Chain Planning Software Cost Reduction Supply Chain Software Supply Chains 144

Logistics Viewpoints

MARCH 27, 2024

Examples of Supply Chain Robots at MODEX 2024 Several exhibitors at MODEX 2024 showcased their innovative solutions for supply chain robotics, demonstrating the diversity and potential of this field. Here are some of the examples that caught our attention.

Optimization Software 151

Optimization Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Software 151

Logistics Viewpoints

DECEMBER 12, 2023

The rise of e-commerce has led to higher volumes of smaller orders that need to be fulfilled and shipped individually. Volatile demand means warehouses need to pivot quickly when order volumes change. It matches labor, equipment, and other resources accurately with order volumes, in real time. The result?

Supply Chain Planning Software 188

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 188

Logistics Viewpoints

NOVEMBER 27, 2024

Key Consideration: Use of Electronic Data Interchange (EDI) and APIs to transmit order and shipment data across stakeholders. For example, coordinating inventory management systems with demand forecasting tools. • Real-World Examples of OSI-Inspired Supply Chain Interoperability 1.

Supply Chain Planning Software 163

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Software 163

Ship Monk

FEBRUARY 24, 2024

How much are you spending on manufacturing, shipping, marketing, customer support, logistics services, and order fulfillment services? For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client. There are many different models and formulas for strategically ordering inventory.

eCommerce 105

eCommerce Inventory Reduction Tips Waste Reduction 105

Logistics Viewpoints

OCTOBER 18, 2022

In this post, we’ll look at the third pillar, competition and offer a couple real world examples of its use in the warehouse and DC environment. Leaderboards on any manner of metric are an easy example of competitive gamification. Additionally, each month an individual order selector is given a “Golden Glove Award.”.

Supply Chain Software 23

Supply Chain Software Logistics Network Optimization Software Picking Examples 23

Logistics Bureau

AUGUST 2, 2021

For example, you might use simple observation to identify visible defects at goods-in, or you could make your analysis a bit deeper by testing a percentage of items received from the supplier. Purchase Order Cycle Time. Cost per Purchase Order and Cost per Invoice. Supplier Defect Rate. How reliable are your suppliers?

Procurement Analytics 118

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 118

Logistics Viewpoints

AUGUST 9, 2022

Better inventory management requires visibility at a granular level, down to individual orders and SKUs. What orders are planned versus in process? Strategy and leadership teams might elect to be alerted to production line disruptions, for example, so they receive details about every impacted order. All aboard.

Inventory Reduction 148

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Inventory 148

Logistics Viewpoints

OCTOBER 18, 2024

Successive governments have determined that applying zero duty on wine is the best strategy to help winemakers keep producing and selling. For example, in the UK, duty on a bottle of wine is currently £2.23, and on top of that, there’s a 20% VAT. For example, Ryanair was supposed to get 20 deliveries before the end of December.

Supply Chain Planning Software 143

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 143

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 153

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 153

Logistics Viewpoints

MARCH 24, 2022

It allows them to identify the right carrier service and optimal point of origin for every parcel delivery, seize the best opportunities to cut costs and scale shipping strategies, offset carrier capacity constraints and capacity-based surcharges, reduce costs with bulk shipping, improve returns processes, and more.

Supply Chain Planning Software 149

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

Logistics Viewpoints

OCTOBER 4, 2021

Because of service disruptions – not being able to buy toilet paper, for example – the supply chain has been more discussed than ever before. Service is calculated as the difference between orders and shipments, divided by shipments. Dramtatically Reduced Service in Grocery Stores Since Pandemic was Declared. 2020 was different.

Inventory Reduction 153

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Cost Reduction 153

Logistics Viewpoints

MAY 13, 2024

This solution provides for purchase order collaboration. Wilczek emphasized the importance of assessing third party risks in order to comply with global regulations. Coupa also has a supply chain collaboration solution that runs on the platform.

Procurement Solutions 151

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 151

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

Logistics Bureau

OCTOBER 10, 2022

For example, you can optimise for cost, profit, or service, but not for all of them. Therefore, to avoid falling short of your service standards, you need to hold enough stock to ensure you can fulfill every sale or order, even in the face of supply chain shocks and demand spikes. Service as a Barrier to Optimal Inventory.

Inventory Reduction 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

Stord

NOVEMBER 13, 2024

billion, demonstrating sustained growth BFCM Strategies Unfortunately, the first truth about being prepared for BFCM is not a shocking or surprising insight - the brands that can regularly and repeatedly deliver their consumer’s orders on time with healthy margins are most likely to have the component parts to succeed during BFCM.

Inventory Reduction 148

Inventory Reduction How To Cost Reduction Procurement Solutions 148

Now, That's Logistics

JANUARY 7, 2021

During a year when e-commerce sales skyrocketed, the global pandemic impacted supply chains around the globe, and transportation capacity contracted across most modes, while companies worked to get their logistics strategies realigned with this “new normal” operating environment.

Sourcing Strategies 122

Sourcing Strategies Trends Manufacturing Procurement Logistics Network Optimization Software 122