Logistics Viewpoints

JUNE 29, 2023

Configure to Order: This strategy involves customizing standard products based on customer specifications. PO Collaboration is essential in coordinating with suppliers to ensure timely delivery of customized components and managing production schedules to meet customer requirements.

Manufacturing Procurement 128

Manufacturing Procurement Procurement Analytics Inventory Reduction Material Savings 128

Logistics Bureau

OCTOBER 10, 2022

Too much inventory in your distribution network? Inventory costs too high? These are all pervasive issues for supply chain operators worldwide—and are classic symptoms of suboptimal inventory performance. But what exactly does inventory optimisation mean, and what obstacles must first be broken down to achieve it?

Inventory Reduction 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.

Supply Chain Planning Software 133

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 133

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 Optimization Modeling Inventory 98

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. A ratio of more than 2 may be a sign that inventory is increasing too much or that the company is slow in collecting payments.

Material Savings 69

Material Savings Inventory Reduction Cost Reduction Vendor Strategies 69

The Logistics of Logistics

JANUARY 9, 2023

Softeon’s advanced services-based platform is engineered to reduce complex problems into simple solutions for a faster time to value and lower cost of ownership. Provide real-time, granular inventory and order visibility across an extended network. Define and execute detailed inventory allocation and reservation rules.

Supply Chain Planning Software 278

Supply Chain Planning Software Distribution Optimization Software Ordering 278

GlobalTranz

FEBRUARY 18, 2022

In our recent GlobalTranz 2022 Logistics and Supply Chain Trends and Outlook white paper, our experts review some of the factors that will shape logistics in the coming year and beyond. It covers macro trends in the LTL, Truckload and Managed Transportation Service sectors and the lingering effects of the COVID-19 pandemic.

Trends 91

Trends Cost Reduction Resource Reduction Inventory Reduction 91

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. Identify trends. Inventory Demand Trends.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

The Logistics of Logistics

MAY 8, 2023

Poor fit – If your 3PL does not have the necessary specialization, expertise, or resources to meet your specific business needs, it may be time to consider finding a provider that is a better fit. It may be necessary to look for a more experienced and capable provider to meet your growing needs.

3PL 326

3PL Logistics Network Optimization Software Buyer Training Distribution 326

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

WorkWave

JANUARY 18, 2021

The data provided by analytics can help you find trends that lead to more informed decisions and improved operations. 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.

Sourcing Strategies 98

Sourcing Strategies Inventory Reduction Tips Supply Chain Software 98

Blue Grace Logistics

JULY 11, 2024

In this blog, we’ll explore practical strategies tailored specifically for food and bev shippers, focusing on forecasting methods and inventory management practices that can effectively address retail demand shifts. Utilizing advanced analytics and forecasting models can help identify patterns, seasonality, and emerging trends.

Inventory Reduction 90

Inventory Reduction Cost Reduction Optimization Modeling Supply Chain Planning Software 90

Logistics Bureau

DECEMBER 9, 2019

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner?

Supply Chain Software 128

Supply Chain Software Logistics Network Optimization Software Supply Chains Trends 128

3PL Links

MAY 19, 2024

Image source: PxHere | Mastering Demand and Inventory Planning: Essential Strategies for Success Have you ever thought about how businesses effectively satisfy customer demand and maintain supplied inventory? Demand and inventory planning is a critical procedure that holds the key to success. How to do demand planning?

Inventory Reduction 48

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 48

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

3PL Links

DECEMBER 17, 2024

Image source: iStocks | Top 7 Most Impactful Logistics Trends to Watch in 2025 As another year comes to an end, managers and business owners are dedicating themselves to a crucial stage in the success of any business: evaluating what worked and what can be improved in their operations.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Trends Logistics Network Optimization Software 62

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

Logistics Viewpoints

OCTOBER 2, 2024

Smart warehouses, governed by standards like ISO 9001 for quality management, are also integrating AI systems to optimize inventory management and automate the loading and unloading processes. What Are The Challenges? Leveraging government incentives and grants aimed at promoting Industry 4.0

Supply Chain Planning Software 161

Supply Chain Planning Software Warehousing Supply Chain Software Optimization Software 161

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

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

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. Read also: Revolutionizing the Industry: Discover the Top 3 Logistics Trends for 2023! What are the company’s goals?

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

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

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

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

WorkWave

NOVEMBER 6, 2023

In this blog post, we will delve into the intricacies of order management, the role of an Order Management System (OMS), what happens after checkout and how to master your order management strategy with the help of cutting-edge order management systems and order management software. What Is Order Management?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Ordering 52

Locus

JUNE 16, 2023

Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing. A recent analysis by the American Trucking Associations (ATA) indicates that if existing trends persist, we could see a potential driver shortage reaching up to 175,000 by 2024.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

Logistics Viewpoints

JANUARY 11, 2023

In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. Top Five Transportation Trends ; Chris Cunnane. In my presentation, I highlighted five key transportation trends that are changing supply chains from a technology standpoint.

Supply Chain Planning Software 152

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 152

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 30, 2022

As manufacturers strive to reduce costs while increasing speed, the process of procuring materials, making products, and moving them where they need to be is more complex than ever. Leverage ERP to enhance supplier collaboration to meet supply and demand. Such uncontrolled spending can ultimately be expensive for the business.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

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

MTS Logistics

OCTOBER 29, 2024

Self-driving trucks and drones, a rapidly developing facet of AI in logistics, streamline delivery operations, addressing labor shortages and reducing reliance on human drivers. This advancement not only speeds up delivery times but also significantly reduces transportation costs.

Optimal Sourcing 83

Optimal Sourcing Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 83

SYSPRO Smarter ERP

NOVEMBER 1, 2021

Industries are facing the need to plan new strategies and invest more in technology to gain a stronger foothold. 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.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Inventory Reduction 111

Ship Monk

OCTOBER 17, 2023

Managing inventory is a pivotal part of peak season for every ecommerce store, regardless of size or industry. Underestimate inventory needs and buyers can have a negative experience with your brand because of backorders or stockouts, or you could just flat out lose business. A big part of that is inventory management.

Inventory Reduction 64

Inventory Reduction Inventory Optimization Software Supply Chain Planning Software 64

Logistics Viewpoints

AUGUST 18, 2021

Certainly, supply chain constraints are a partial cause of the current above trend inflation. Supply shortages, low inventory to sales ratios, and hiring lags are noted as factors at play. Data as recent as the end of June 2021 show that inventories remain below 1.3 The estimate of $617.7 billion represented a decrease of 1.1

Supply Chains 199

Supply Chains Manufacturing Procurement Purchasing Skills Price Reduction 199

SYSPRO Smarter ERP

MAY 30, 2022

As manufacturers strive to reduce costs while increasing speed, the process of procuring materials, making products, and moving them where they need to be is more complex than ever. Leverage ERP to enhance supplier collaboration to meet supply and demand. Such uncontrolled spending can ultimately be expensive for the business.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 98

Carter Logistics

JUNE 5, 2019

Because visibility is one of the most important features in the industry, track and trace technology that allows full visibility and control will play a critical role in meeting companies’ financial goals. Items need to be tracked and traced at all levels, from ingredients to finished products to shipped packages.

Tracking and Tracing 106

Tracking and Tracing Supply Chain Software Procurement Solutions Supply Chains 106