Logistics Bureau

JULY 18, 2022

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.

Inventory Reduction 116

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 116

Logistics Viewpoints

FEBRUARY 23, 2022

Third, what are the big trends in warehouse and transportation management? Specifically, there were spikes in demand, and even though there was a lot of inventory available, the demand was surging. WMS and TMS Trends. From the TMS side, the biggest trend is to focus on being as efficient as possible when it comes to shipping.

Supply Chain Design Software 179

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

Ship Monk

JULY 25, 2024

Ecommerce brands selling through third-party marketplaces are able to expand their product availability and selection without spending extra on inventory while earning commissions from sales on those external platforms. Target’s Motivation So why would a large enterprise like Target make such a pivotal pivot in its selling strategy?

Vendor Strategies 111

Vendor Strategies Inventory Reduction Sourcing Strategies Resource Reduction 111

Logistics Viewpoints

JULY 6, 2022

I did a little digging to find out the specifics about excess inventory, the stated causes, and the potential implications. Retailers’ Inventories – Just Keep your Returns? Unfortunately, I am unsure about the order of magnitude or the duration of these inventory mismatches. Here’s my take on the topic.

Inventory Reduction 174

Inventory Reduction Inventory Purchasing Skills Optimal Sourcing 174

MTS Logistics

APRIL 26, 2023

However, importers can significantly enhance their supply chain’s efficiency and reduce costs, while also improving customer satisfaction and increasing profitability by implementing several essential strategies. This can help prevent stockouts, reduce overstocking, and improve accuracy in forecasting.

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Inventory Reduction Waste Reduction Cost Reduction Supply Chain Planning Software 74

Logistics Viewpoints

JANUARY 21, 2021

Take events into consideration: Machine learning uses historical trends and events that can impact transit times, and use this information to provide predictions. Increased lead time accuracy reduces risks involved in transportation and logistics, improving your overall supply chain.

Inventory Reduction 214

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

Blue Grace Logistics

MARCH 26, 2024

What you will learn in this blog: Leveraging Data Analytics For Invaluable Insights Implementing Lean Principles for Waste Reduction Effective Management Of Supply Chain Costs As companies navigate market fluctuations and challenges, effectively managing supply chain expenses becomes pivotal for success.

Negotiating Skills 97

Negotiating Skills Cost Reduction Waste Reduction Inventory Reduction 97

Logistics Viewpoints

OCTOBER 23, 2024

Its decentralized nature reduces the risk of a single point of failure, enhancing data security across the supply chain. Real-time monitoring through IoT ensures that products meet quality standards throughout their lifecycle and reduces the need for manual interventions.

Resource Reduction 149

Resource Reduction Vendor Strategies Inventory Reduction Supply Chain Planning Software 149

Logistics Viewpoints

AUGUST 1, 2024

In this scenario, by adopting an adaptive supply chain, the retailer uses real-time data analytics to identify emerging trends and collaborate closely with suppliers to quickly adjust production and inventory levels to meet customer demand. This collaboration enables faster response times and cost savings.

Supply Chain Design Software 169

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

Logistics Viewpoints

DECEMBER 2, 2021

import volumes still climbing (see Figure 1), limited processing capacity at key West Coast ports and the International Longshore and Warehouse Union (ILWU) contract expiring next summer, importers will be scrambling to maintain the inventory they need to support the demand increase.

Waste Reduction 202

Waste Reduction Cost Reduction Inventory Reduction Resource Reduction 202

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

Ship Monk

JANUARY 9, 2024

We can’t predict when joggers will go out of style (never, we hope) but we are pretty good at predicting ecommerce trends. Here are a few of the trends we think are going to be big in 2024. In 2024, we expect to see more brands moving from a multichannel strategy to create an omnichannel experience for their customers.

eCommerce 105

eCommerce Trends Optimization Software Supply Chain Software 105

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. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital.

Supply Chain Planning Software 148

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

Logistics Viewpoints

NOVEMBER 20, 2024

For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supply chain strategies is essential. Reducing carbon emissions is a cornerstone of this effort. Meanwhile, advances in AI-driven route optimization reduce unnecessary mileage, cutting emissions and costs.

Supply Chain Design Software 146

Supply Chain Design Software Waste Reduction Supply Chain Software Supply Chain Design 146

Logistics Bureau

MAY 24, 2021

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”. Let’s Start with Safety Stock.

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Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 118

Logistics Viewpoints

JUNE 29, 2023

Configure to Order: This strategy involves customizing standard products based on customer specifications. Here is a summary of the key supply chain characteristics of each of the manufacturing strategy and how it impacts collaboration with suppliers.

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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

Logistics Viewpoints

JULY 24, 2024

RPA is critical in Logistics and Warehousing as it enables the automation of shipment scheduling and tracking, data management, inventory management, and order fulfillment. Many technologies are implemented as a source of cost cutting. reduce errors or rework) and saving time on repetitive tasks being the top benefits of deployment.

Supply Chain Software 167

Supply Chain Software Supply Chain Planning Software Manufacturing Procurement Supply Chains 167

Logistics Viewpoints

MARCH 25, 2021

Global trade regulations and conflicts, as well as tariff threats as a political tool, could cut off sources and markets and push your business plan into the red. Your transportation consultant can help develop response strategies to ensure your supply chain continues to operate while the problem is addressed.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 195

SYSPRO Smarter ERP

FEBRUARY 2, 2022

Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices. AI in inventory management.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Reduction Inventory Optimal Sourcing 105

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

Amware Logistics and Fulfillment

DECEMBER 20, 2024

Traditionally reliant on historical data and manual forecasting, predictive analytics has now evolved to harness real-time data and machine learning to anticipate trends with remarkable precision. AI is not just a tool; its a game-changer for businesses striving to stay competitive in a rapidly shifting marketplace.

Supply Chain Software 156

Supply Chain Software Supply Chains Optimization Software Inventory Reduction 156

Ship Monk

JANUARY 16, 2024

Are you experiencing frequent inventory discrepancies , or wishing you had a better handle on forecasting demand? If you answered yes to any of these questions, it may be time to upgrade to a perpetual inventory management system. What is a Perpetual Inventory System? Let’s start with a few definitions.

Inventory Reduction 104

Inventory Reduction Inventory Supply Chain Software Logistics Network Optimization Software 104

Blue Grace Logistics

APRIL 1, 2024

It can be a direct reflection of current market trends, as many publicly traded companies operate within the global supply chain. In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies.

Optimal Sourcing 117

Optimal Sourcing Supply Chain Software Optimization Software Supply Chain Planning Software 117

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, 2021

Prior to that she was a Program Officer for Health Supply Chains at the Bill & Melinda Gates Foundation and spent six years at Microsoft where she oversaw launch management, inventory management, and innovation. Overall, the point of a lean or circular supply chain is to simply eliminate waste and reduce the carbon footprint.

Supply Chain Software 195

Supply Chain Software Supply Chains Waste Reduction Expense Reduction 195

ShipLilly

AUGUST 31, 2022

Apparently, this move is designed to right-size inventory levels. Although surprising to some, the company states that it is part of a concerted and ongoing effort to align Walmart’s inventory levels with the projected demand. a rival retailer facing similar inventory challenges and adopting a similar corrective response.

Inventory Reduction 104

Inventory Reduction Inventory Ordering Cost Reduction 104

Supply Chain and Logistics

JUNE 30, 2024

The 2024 State of Logistics Report outlines a decrease in US logistics costs and a shift toward asset-heavy 3PL strategies. Continue reading →

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Cost Reduction Inventory Reduction Logistics 3PL 190

Logistics Viewpoints

MAY 9, 2024

Picture this: you need to plan your inventory levels for the upcoming holiday season. Over the years, AI capabilities for prediction, clustering, segmentation, and more have accelerated supply chain strategies, automating daily operations and augmenting data-driven intelligent decision support. The supply chain is no exception.

Supply Chain Planning Software 171

Supply Chain Planning Software Scenario Planning Supply Chain Software Modeling Software 171

The Logistics of Logistics

NOVEMBER 12, 2021

From inventory counting drones, robotic automation, human exo-skeletons, and virtual reality applications – these were just a few of the many solutions they regularly explored. These technologies are available, however they are all have limitations.

Logistics Network Optimization Software 195

Logistics Network Optimization Software Supply Chain Software Inventory Reduction Optimization Software 195

SYSPRO Smarter ERP

MAY 4, 2022

Complete halts result in backlogs and delays, which will impact warehouses and more importantly, their inventory management. Inventory takes many forms, ranging from raw materials to finished goods. Inventory exists because a buffer is needed to balance out the uncertainties between demand and supply. Survey findings.

Inventory Reduction 105

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 105

Bringg

AUGUST 5, 2020

This post looks at how click & collect works, why demand for it is trending now, and what retailers can do to ensure click & collect experiences that are also good for their business. While interest in click & collect is not new, 2020 saw a massive spike in demand and turned it into one of the hottest retail trends.

Trends 118

Trends Modeling Software Optimization Software Optimization Modeling 118

Ship Monk

SEPTEMBER 14, 2022

There are a lot of accounting terms thrown around when describing eCommerce inventory: merchandise inventory , WIP inventory , ending inventory , and beginning inventory to name just a few. What is Beginning Inventory? By inventory , we mean finished goods that are on hand and ready to sell.

Inventory Reduction 98

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 98

Logistics Viewpoints

JANUARY 12, 2024

In 2023, Amazon experimented with new logistics strategies and technologies to quickly fulfill and deliver orders, and these changes paid off big. The faster delivery times this year specifically may be attributed to changes in Amazon’s logistics strategy. The reduction comes in two target areas, scope 1 and 2 emissions.

Logistics Network Optimization Software 174

Logistics Network Optimization Software Inventory Reduction Price Reduction Resource Reduction 174

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?

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Supply Chain Software Logistics Network Optimization Software Supply Chains Trends 128