Logistics Bureau

JANUARY 20, 2025

If you were tasked with procuring the best supply chain IT system, what would you look for? Think of it managing things like purchase orders, invoices, and inventory records. SCM software enables communication and integration between suppliers, purchasers, manufacturers, warehouse facilities and transport operations.

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Design Software Optimization Software Supply Chain Software 74

SYSPRO Smarter ERP

NOVEMBER 1, 2021

We live in a time where we can purchase almost anything with a click of a button. A B2B e-commerce strategy is therefore becoming increasingly necessary for manufacturing businesses that want to better sell their products or procure the necessary components for manufacturing them. Transitioning to B2B e-Commerce.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Inventory Reduction 111

FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Logistics Bureau

NOVEMBER 14, 2018

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

Procurement Analytics 84

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 84

Now, That's Logistics

MARCH 23, 2022

Using a combination of advanced technology and the strength of its experienced team, the logistics provider helps companies quickly and accurately pinpoint purchase order (PO) status, shipment status, projected arrival dates and other metrics that help those companies better serve their own customers.

Negotiating Skills 148

Negotiating Skills Purchasing Skills Trends How To 148

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). Reduction in asset capital.Warehouses and vehicles are expensive to purchase or lease and can tieupmillions of dollars that could otherwise be invested in the core business of the firm.

Outsourcing 52

Outsourcing Warehousing Negotiating Skills Purchasing Skills 52

Ship Monk

APRIL 16, 2024

Credit Card/Identity Fraud Scammers obtain payment information from unsuspecting users using phishing, pharming and whaling schemes, then use the stolen credentials to purchase items from ecommerce stores. The scammer then has access to the stored payment cards for that account and can use them to make fraudulent purchases.

eCommerce 105

eCommerce Modeling Software How To Procurement Solutions 105

WorkWave

JUNE 17, 2024

Reporting and Analytics: Offers valuable reporting and analytics capabilities, allowing businesses to track key performance metrics and make data-driven decisions. How to Get Referrals To effectively obtain referrals, there are various strategies and methods that can be implemented.

Optimal Sourcing 96

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 98

EazyStock

NOVEMBER 19, 2020

But when looking at the bigger picture the ‘best-price’ is not always the most cost-effective way to procure a product. A smart stock replenishment strategist will understand supply and demand nuances around the items being ordered and consider factors such as: Lead times – how quickly is the order needed?

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

Trinity Logistics

NOVEMBER 30, 2021

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. You’re going to need to build out a team of transportation management software specialists who can expertly use, read, and pull reporting from your new TMS.

Supply Chain Design Software 116

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

GlobalTranz

FEBRUARY 25, 2021

This is where the value of data-driven retail reverse logistics analytics and management comes into play. Understanding the dynamics behind how, when, and why customers return items is essential to understanding purchasing behavior and improving the overall experience. Faster time to resolution for returned items.

Expense Reduction 101

Expense Reduction Inventory Reduction Reverse logistics Strategy 101

Blue Grace Logistics

JULY 27, 2021

We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. What this blog is about: Leveraging predictive analytics for forecasting and visibility. It is certainly harder to run an enterprise without forecasts or with incorrect future predictions.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

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

Ship Monk

SEPTEMBER 14, 2022

By value , we mean how much that inventory cost to make or purchase, plus how much it’s costing you to store it. How to Calculate Beginning Inventory. Ending Inventory + COGS – Purchases = Beginning Inventory. Beginning Inventory + Purchases – COGS = Ending Inventory.

Inventory Reduction 98

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 98

Ship Monk

JUNE 22, 2022

Do you know how to calculate ending inventory? Knowing how to calculate ending inventory and continually monitoring it is critical for growing your business and maintaining profitability. This simple metric tells you how much cash you have tied up in inventory on an ongoing basis.

Inventory Reduction 64

Inventory Reduction Inventory Purchasing Skills How To 64

Trans Global Auto Logistics

DECEMBER 17, 2020

If you are purchasing fleet insurance for vehicles your organization owns, be sure that they are insured at least to the minimum legal requirements in the jurisdiction in which they are being operated. There are no major vehicle purchases against your bottom line, and there is reduced risk due to theft or accident.

Tips 98

Tips Efficiency How To Purchasing Skills 98

Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. Read also: How to Calculate the Cost of Transport 2.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

SYSPRO Smarter ERP

OCTOBER 9, 2023

Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. Understanding material costing requires information about procurement activities and how long materials linger in inventory before they are used to generate revenue.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

Stord

OCTOBER 14, 2020

The ending inventory cost would be zero, while the beginning inventory cost would be high. But that’s not how it works. Instead, inventory is purchased throughout the year, sometimes at different prices. Sometimes it’s purchased at a lower cost, sometimes at a higher cost. Publicly-traded U.S.

Purchasing Skills 78

Purchasing Skills Inventory How To Procurement Analytics 78

Logistics Bureau

APRIL 4, 2022

Freight Benchmarking: How to Do it Right. In reality, few freight and shipping teams have the time, resources, and clout to extract information from their peers about freight costs, let alone from competitors. Alternatively, you can procure access to a digital freight benchmarking platform.

Negotiating Skills 96

Negotiating Skills Logistics Network Optimization Software Purchasing Skills Supply Chain Planning Software 96

Logistics Bureau

MARCH 14, 2018

Wholesalers in particular, seem to find it easy to fall into this trap, often as a result of making huge purchases of a single product to take advantage of bulk quantity discounts. Some common-sense metrics to apply at goods receiving include “truck time at the unloading dock” and “time from receiving to putaway.”

Warehousing 97

Warehousing Inventory Reduction Cost Reduction Expense Reduction 97

Ship Monk

AUGUST 30, 2023

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. (You

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

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. Many may turn to online sales, challenging logistics networks.

Gartner 67

Gartner Scenario Planning Supply Chains Security 67

3PL Links

JANUARY 8, 2025

In the rest of this article, we will delve deeper into the advantages of how a fleet management system works and how to monitor it properly. How does a fleet management system work? Capacity, these metrics are essential for managers to analyze the operation and opportunities for improvement.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

Logistics Viewpoints

DECEMBER 14, 2021

Integrated forecasting, store replenishment, warehouse procurement, purchase order creation, operational constraints such as storage space, unloading capacity, and commercial agreements such as vendor lead times, minimum order quantities, packaging configurations can hugely improve productivity and accuracy in the planning processes.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Optimization Software Supply Chain Software 120

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

Logistics Bureau

OCTOBER 10, 2022

In summary, forecast accuracy directly impacts your ability to optimise inventory, whether your optimisation focus is on service, cost, or profit. How to Improve Forecast Accuracy for Optimal Inventory. The products are dispatched straight from the factory and typically arrive within 48 hours of raising a purchase order.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

Trinity Logistics

AUGUST 3, 2021

Having a TMS for your supply chain can help provide your company with greater visibility, better reporting, and improved performance through automating many manual processes. There’s a big difference between purchasing software to use from a company and working with a 3PL that offers it as a solution. We understand.

Supply Chain Design Software 139

Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software Procurement Solutions 139

Logistics Viewpoints

NOVEMBER 6, 2023

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Increasingly, companies will take sustainability criteria into account in their purchasing decisions. The data, which is reported on the EcoVadis platform, highlights the supplier’s emissions.

Supply Chain Planning Software 95

Supply Chain Planning Software Resource Reduction Procurement Analytics Material Savings 95

Logistics Viewpoints

MAY 11, 2023

How the digital twin concept drives benefit By using advanced analytics and machine learning algorithms, digital twins can provide real-time insights and recommendations to optimize operations, reduce costs, and increase productivity. Do they purchase a 3D warehouse simulation and modeling tool?

Optimization Software 124

Optimization Software Supply Chain Design Software Modeling Software Digital 124

Logistics Bureau

JUNE 5, 2023

If your company operates a distribution fleet, you’ll know that the costs of running trucks for customer deliveries are continually increasing. But do you know how to operate your fleet for the maximum economy? Furthermore, the cost of retreading is a mere 40% to 50% of the initial purchase price of a quality tyre.

Cost Reduction 91

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 91

Ship Monk

JUNE 30, 2023

There seem to be about a million metrics to watch if you want to run a successful ecommerce business. You can track as many metrics as you want, but not every performance indicator qualifies as a KEY performance indicator (KPI) for your ecommerce business. Metric: A metric is a measurable indicator that changes over time.

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

The Lean Thinker

AUGUST 8, 2019

Just so you know my perspective: In the course of my work, I typically purchase between 10 and 20 thousand dollars worth of airfare a year. I know what to expect, can quickly distinguish “abnormal” from “normal” and know how to maneuver to get out in front of issues I see developing. Further, I know the system.

Procurement Analytics 186

Procurement Analytics Course How To Events 186

Ship Monk

APRIL 23, 2024

Image Source: EcoMatcher How to Calculate Your Carbon Footprint If you’re serious about sustainability, you should start by calculating your carbon footprint. Carbon emissions are measured in metric tons of carbon dioxide (MT CO2), which has become the standardized unit of measure for sustainability goals.

Waste Reduction 104

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction 104

Logistics Bureau

JUNE 14, 2021

Collaboration initiatives could include joining forces with tier-1 partners to understand and develop mitigation strategies for risks in lower tiers, sharing inventory data to avoid surprises in the balance of demand and supply, and system integration to improve purchasing and order-management flows.

Supply Chain Planning Software 85

Supply Chain Planning Software Optimal Sourcing Supply Chains Inventory Reduction 85

Locus

MAY 20, 2024

BORIS – Buy Online Return In Store BORIS is another omnichannel fulfillment model where consumers can return their previously purchased online orders at nearby physical stores. In a way, this model is a win-win as it saves return logistics costs for retail businesses. How to Improve Fleet Utilization?

Inventory Reduction 98

Inventory Reduction Logistics Network Optimization Software Cost Reduction Optimization Software 98