The Lean Thinker

DECEMBER 14, 2023

It took four 11×17 (A3 size) sheets taped together to depict what happened as raw steel came in one end of the building and was cut, bent, welded, painted, and assembled with purchased components into the final product. I dutifully presented my findings to the plant manager and his continuous improvement manager.

Outsourcing 195

Outsourcing Factories Exercises Procurement Analytics 195

GlobalTranz

NOVEMBER 18, 2016

Since the digital universe will expand to more than 40 trillion gigabytes by 2020, reports Jim Taylor of Inbound Logistics , future possibilities through big data may not even be fathomable. Predictive analytics capabilities within big data will help more organization improve production without increasing operating costs.

Supply Chain Planning Software 89

Supply Chain Planning Software Data Material Savings Manufacturing Procurement 89

Material Handling and Logistics

AUGUST 31, 2018

It’s no surprise that the current labor market is presenting a big challenge for organizations within the supply chain. For example, using smartphones and tablets instead of barcode scanners can make it easier to train your employees and for them to get work done. Trouble finding skilled labor”. Printer-friendly version.

Supply Chain Design Software 145

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 145

SYSPRO Smarter ERP

NOVEMBER 1, 2022

Smaller manufacturers, for example, have to consider the costs as challenges can become magnified as a business expands. Thanks to globalisation, anyone can become a worldwide player – and that presents both an opportunity and a challenge. Will your ERP system be modular enough to accommodate scale? Eliminate fragmentation.

ERP 98

ERP Supply Chain Planning Software Factories Supply Chain Software 98

GlobalTranz

AUGUST 20, 2018

Data analytics can be applied to virtually any supply chain process, and analytics hold great value in managing retail supply chains. Defining retail needs is not an easy process, but data is king and can help companies sift through the needs and wants of customers, reports Arthur Zaczkiewicz of WWD.

Procurement Analytics 48

Procurement Analytics Supply Chain Design Software Data Manufacturing Procurement 48

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. Meanwhile, Big Data analytics, AI, and machine learning can have a significant impact on supply chains.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 98

GlobalTranz

JUNE 30, 2017

In other words, manufacturers need analytics from point-of-sale systems, transportation metrics and more. Essentially, this creates a stronger level of customer service, and it can turn into additional purchases. For example, a customer is a shoe store may purchase shoes, but if offered a new brand of socks, he or she refuses.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics After-sales Price Reduction 82

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. For example, Amazon’s Whole Foods business is now incrementally charging for delivery to offset increased delivery costs.

Waste Reduction 141

Waste Reduction Cost Reduction Inventory Reduction Resource Reduction 141

WorkWave

MAY 23, 2024

Each stage presents unique opportunities to engage and delight customers, from awareness to retention. As businesses that land the top spot in those search results get almost 40% of clicks, this is an important metric to pay attention to. Prospective customers are looking to solve problems at every phase of the journey.

Optimization Software 107

Optimization Software Optimization Price Reduction Cost Reduction 107

Logistics Bureau

JANUARY 3, 2025

Of course, it can add up to a vast pool of data, so realistically, access to advanced modelling and analytics tools will be essential to get the most value from it. Its worth remembering, for example, that secondary distribution tends to generate higher transportation costs than primary distribution.

Supply Chain Design Software 75

Supply Chain Design Software Supply Chain Design Distribution Networks 75

Blue Grace Logistics

AUGUST 3, 2021

The importance of setting the tone of the relationship and being an example of what you expect. This means, for example, putting the company’s quality manager in contact with the supplier’s quality manager. Set The Tone Of The Relationship, Be The Example. In this way, if problems arise, solutions will be expedited.

Maintainability 118

Maintainability Price Reduction Purchasing Skills Resource Reduction 118

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

Optimization Software 105

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 105

SYSPRO Smarter ERP

APRIL 22, 2024

The growth of your company is exciting, but expansion can present many new challenges. An ERP allows you to forecast demand, manage inventory levels, and improve procurement , resulting in the right inventory at the right time. These features can save you a ton of time and hassle in meeting financial reporting requirements.

Manufacturing Procurement 105

Manufacturing Procurement ERP Procurement Solutions Supply Chain Planning Software 105

Logistics Bureau

OCTOBER 31, 2017

For example: Paperwork and data entry: WMS has reduced the need for people to spend time completing paper forms or entering data from documents into spreadsheets and other data-management applications. Further examples can be seen if you look around. Take warehouse lighting for example. So let’s move on and do just that.

Supply Chain Software 63

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 63

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. Before the peaks – using data analytics to make the right decisions. An intelligent CMMS can prevent delays like these.

Logistics Network Optimization Software 119

Logistics Network Optimization Software Optimization Software Supply Chain Planning Software Modeling Software 119

Logistics Viewpoints

JUNE 4, 2024

However, the juice for my newfound nightly routine soon became difficult to find, perpetually out of stock each time I tried to purchase it at the grocery store. 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 121

Inventory Reduction Supply Chain Planning Software Inventory Waste Reduction 121

Talking Logistics

MARCH 28, 2017

For example, companies can now do in days what used to take weeks of programming and customization. . We’re already seeing practical examples of this in supply chain operations, with parcel sorting, product packaging, automated guided vehicles, and robotic lift trucks.

Supply Chain Software 0

Supply Chain Software Logistics Network Optimization Software Digital Operations 0

GlobalTranz

SEPTEMBER 26, 2016

American manufacturing has a long history, ranging from the creation of 95 percent of all clothing sold in the US in New York City, reports Highsnobiety , to startups designing mobile device covers and protectors, explains The New York Times. But, that does not classify all products manufactured by companies abroad as bad.

Manufacturing Procurement 102

Manufacturing Procurement Procurement Solutions Procurement Analytics Production 102

Ship Monk

MARCH 4, 2021

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. The key difference is how they go about it — AR adds to reality, while VR replaces it completely.

eCommerce 97

eCommerce Eliminating Excel in Purchasing Modeling Software Procurement Analytics 97

Logistics Manager

MARCH 10, 2020

Gartner has released a report detailing how to secure supply chains amidst the coronavirus (COVID-19) outbreak. Consumers: Consumers may be more cautious in their purchasing habits due to fears about being in public and potential exposure to the virus. Epidemics and pandemics present a different scenario.

Gartner 67

Gartner Scenario Planning Supply Chains Security 67

GlobalTranz

DECEMBER 30, 2014

Just as in the following five examples that reveal interesting data related to the trucking industry. Most certainly, trucking statistics are easy to digest if they are presented in a fun way, with lots of color and less clutter. To add insult to injury, they also rarely have reporting mechanisms to properly monitor those expenses.

Blog 92

Blog Supply Chain Planning Software Modeling Software Expense Reduction 92

Conger

MARCH 26, 2025

Electric Forklift Rental vs. Purchase When you rent an electric forklift, you pay as you go, avoiding the upfront cost of buying one , which usually costs around $30,000. Monthly rental rates typically exceed the long-term cost of purchasing or leasing due to rental company overhead and profit margins.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Price Reduction Negotiate Pricing 52

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. Mr. Herrin was a good fit.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 130

Material Handling and Logistics

JULY 29, 2018

Most every company issues a corporate social responsibility (CSR) report detailing what they have done over the year to comply with the expectations of all of their stakeholders. Retailers such as Walmart have rigorous standards and will only purchase from suppliers who meet these standards.

Sourcing Strategies 133

Sourcing Strategies Cost Reduction Price Reduction Efficiency 133

Logistics Bureau

DECEMBER 3, 2024

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. Meanwhile, Big Data analytics, AI, and machine learning can have a significant impact on supply chains.

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 72

Logistics Viewpoints

MARCH 25, 2024

Infor’s CEO, Kevin Samuelson Infor’s strategy for differentiating their business from competitors like SAP and Oracle rests on a truly differentiated approach to ensuring that their customers get ongoing value from the business applications they purchase. For example, Google Maps app is a public cloud application.

Vendor Strategies 124

Vendor Strategies Resource Reduction Material Savings Supply Chain Design Software 124

Logistics Business Magazine

DECEMBER 8, 2022

The war in Ukraine, the energy crisis and high inflation in many countries are presenting supply chain managers with major challenges. Additionally, the always present issues of shortage of skilled labour, supply chain disruptions and cost pressure also prove difficult. Purchasing and procurement are revamped.

Supply Chain Planning Software 61

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Purchasing Skills 61

WorkWave

MAY 24, 2024

Sources cite the resiliency of essential services , predictive recurring revenue and business model growth opportunities enabled by technology, training and development as being reasons behind the interest. For the lawn care sector, for example, you’ll want to connect with brokers who specialize in the field. inside and out.

Negotiating Skills 98

Negotiating Skills Buyer Training Purchasing Skills Modeling Software 98

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. Those expenses can increase the cost to serve by a considerable amount. For a large parcel, that difference can double.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

Ship Monk

JANUARY 29, 2024

Each time a customer makes a purchase from your ecommerce brand they are giving you two things. And if the purchase doesn’t end up working out for some reason; they’re trusting that your ecommerce brand will take care of it and them. Be Present Customers should be able to find the answers they need, and the help they need, quickly.

eCommerce 105

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

Logistics Bureau

DECEMBER 24, 2024

Research indicates that up to 75% of firms report positive impacts from outsourcing to logistics service providers (Langley J, Capgemini 2007). For example, companies that have their own in-house vehicle fleet often struggle to deliver products on time. But what of the balance? Flexibility andScalability. The reason is elementary.

Outsourcing 52

Outsourcing Warehousing Negotiating Skills Purchasing Skills 52

Freightos

OCTOBER 26, 2020

The free report is available in PDF with supporting spreadsheets and high-resolution infographics here. In the weeks following the Damco brand subsumption, DB Schenker released a press release that referenced the Damco changes: “The last thing shippers need at present is further uncertainty”. Maersk 2019 Annual Report.

Logistics Network Optimization Software 134

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Price Reduction 134

GlobalTranz

DECEMBER 7, 2016

percent from 2010 to 2011, and predictions estimate that business-to-business (B2B) sales resulting from e-commerce will make up the majority of sales by 2020, reports Four51. Meanwhile, the majority of purchasers research potential products online before making a decision to buy. E-commerce grew 10.2

Manufacturing Procurement 87

Manufacturing Procurement Modeling Software Logistics Network Optimization Software Price Reduction 87

Morai Logistics

JULY 12, 2018

Machine Learning is a methodology analytics leader, SAS , describes as: A branch of artificial intelligence based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention. This advanced system of data analytics has helped transform our everyday lives.

Supply Chain Software 60

Supply Chain Software Optimization Software Supply Chains Modeling Software 60

Logistics Bureau

NOVEMBER 14, 2018

Logistics costs are often a big contributor to overall Cost to Serve. Thus, if you find out that an expensive transport solution (courier for example) is routinely being used to deliver a low margin product to a customer, you’ll understand that much better if the end result for you turns out to be a loss. Returns management.

Purchasing Skills 93

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 93

Logistics Bureau

JANUARY 1, 2025

The inventory value for each item is obtained by multiplying the annual demand by unit cost and the entire inventory is then ranked in descending order of cost. However, the classification parameter can be varied; for example, it is possible to use the velocity of turnover rather than annual demand value.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 76

Ship Monk

JUNE 30, 2022

So your sister’s birthday party is tonight and the presents that you paid overnight shipping for just arrived at your door. The elements of a packing slip that remain consistent are: Detailed, itemized list of goods being shipped that customers can compare against the list of goods purchased, ensuring all parts of an order are accounted for.

Packing 98

Packing eCommerce Inventory Reduction Packaging 98