Ship Monk

NOVEMBER 30, 2023

They’re called metrics, a set of constantly changing numbers and percentages that tell you how you’re doing from one day to the next. There are dozens of metrics you could track, but some are so important you should check them frequently. These are the metrics you want on your dashboard. What is a Metric? What is a KPI?

Procurement Analytics 64

Procurement Analytics eCommerce Procurement Solutions Manufacturing Procurement 64

The Logistics of Logistics

JULY 20, 2022

Jon is the Director of Pricing Strategy & Analytics at Loadsmart , a freight technology company that is removing the barriers between shippers and carriers so freight can move in the most efficient, transparent and automated way. About Jon Payne. Jon holds a B.S.

Price Reduction 292

Price Reduction Purchasing Skills Cost Reduction Logistics Network Optimization Software 292

Logistics Viewpoints

OCTOBER 24, 2024

While SAP has had procurement analytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower. Daniel Chapman, the senior director of process transformation for procure to pay at Warner Music, was a keynote speaker. It is a brilliant tool.” The Warner Music Group was an early adopter.

SAP 144

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 144

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Transportation modes used in procurement and shipping. Distribution of goods prior to purchase. Ask Traditional Questions, and Let Big Data Provide Answers. Demand forecasts.

Supply Chain Design Software 115

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

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

United World Transporation

JUNE 25, 2020

According to industry experts, fuel purchases can account for approximately 25% of a trucking company’s operating expenses. So, any opportunities to increase fuel efficiency and save money are valued in the industry, and fuel purchase routing is a commonly used strategy by many long-haul truck drivers. What is fuel purchase routing?

Procurement Solutions 98

Procurement Solutions Purchasing Skills Procurement Analytics Purchasing 98

Logistics Viewpoints

MAY 19, 2022

Analytical techniques like linear programming can create the mathematically “optimal” plan, but these methods must be implemented well to avoid creating other challenges. And if the tools don’t allow flexibility for the planner using them, the resulting rigidity can limit their utility and planners resort to manual estimates.

Optimal Sourcing 155

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 155

SYSPRO Smarter ERP

MARCH 15, 2023

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. The misalignment can result in multitude of negative consequences such as high warehousing costs, cash flow difficulties, loss of sales, which can lead to permanent loss of loyal customers.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Supply Chain Planning Software Procurement Solutions 105

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. Today’s CRM platforms have adapted and expanded their tools to meet the needs of ecommerce businesses. Let’s take a look at CRM systems, the tools they provide, and the benefits they offer to ecommerce businesses.

Optimization Software 105

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 105

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. . Accurate and timely reconciliation of purchase orders with receipts.

Supply Chain Planning Software 166

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 166

Logistics Viewpoints

MAY 11, 2023

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. By using predictive analytics and machine learning algorithms, digital twins can also provide recommendations on how to optimize equipment utilization and reduce downtime.

Optimization Software 161

Optimization Software Supply Chain Design Software Modeling Software Digital 161

Logistics Viewpoints

AUGUST 23, 2021

SCCN solutions provide supply chain visibility and analytics across an extended supply chain. The most common message types exchanged are Source – particularly purchase order (PO) and purchase order confirmation messages – and Deliver – messages surrounding when goods are likely to arrive. The model will need to be augmented.

Collaboration 172

Collaboration Supply Chain Planning Software Optimal Sourcing Modeling Software 172

Logistics Bureau

APRIL 4, 2022

Alternatively, you can procure access to a digital freight benchmarking platform. The range of such tools is growing along with demand, so you should be able to find one that matches your budgetary and capability requirements. The Pros and Cons of Procuring a Benchmarking Tool. That’s the first question to ask.

Negotiating Skills 96

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

Logistics Viewpoints

APRIL 14, 2022

Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.

Supply Chain Planning Software 141

Supply Chain Planning Software Supply Chain Software Collaboration Supply Chains 141

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

FEBRUARY 3, 2022

Because switching from JIT to JIC is at best only a tool to address short-term problems and risk. But you don’t just have to wait to see what has happened; planners can proactively create scenarios to simulate decisions and weigh trade-offs on the metrics that matter across the network, not just one link at a time. on-time delivery).

Inventory Reduction 190

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Inventory 190

SYSPRO Smarter ERP

MARCH 9, 2022

ERP tools share a common process and data model, covering broad and deep operational end-to-end processes, such as those found in finance, HR, distribution, manufacturing, service and the supply chain. Many also extend to inventory management, order management, procurement, and production. What does a CRM offer?

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Software ERP Manufacturing Procurement 119

CLX Logistics

SEPTEMBER 9, 2022

To meet these demands, shippers need the right supply chain management tools with the flexibility to grow and scale as needed. The right supply chain management tools help not only to enable shippers to provide better customer service and on-time deliveries but also to remain competitive with everyone else in the market.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimization Software 52

Logistics Viewpoints

JUNE 1, 2023

This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases. They are more likely to shop for discounts and sales and may delay purchases of some items. That is, AI tools can do a lot of the heavy lifting.

Supply Chain Planning Software 129

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 129

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. transportation metrics ?that Download the White Paper: Over the Road Freight Management Trends. continued growth and success.

Optimal Sourcing 123

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Negotiating Skills 123

Material Handling and Logistics

MAY 2, 2018

billion metric tons—gets lost or wasted. What’s more, net food losses in developed countries (222 million metric tons) equate to nearly all of the food produced in Sub-Saharan Africa yearly (223 million metric tons). Every year, one third of the food produced in the world for human consumption—or 1.3 Printer-friendly version.

Waste Reduction 137

Waste Reduction Waste Procurement Analytics Food and Agriculture 137

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 117

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 117

Logistics Viewpoints

APRIL 25, 2022

At a high level, the act requires that companies ensure compliance with human rights and the prevention of environmental degradation, both within their direct activities but also along their entire supply chain; and that grievance mechanisms be set up with reporting on an annual basis to the German government on the regulated activities.

Compliance 156

Compliance Supply Chain Software Supply Chains Procurement Solutions 156

Logistics Viewpoints

DECEMBER 18, 2024

These initiatives also lead to cost savings by maximizing load capacity and reducing fuel consumption. Advanced route optimization tools further support these goals. Predictive analytics helps logistics companies anticipate disruptions and adapt proactively.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Software 120

Ship Monk

APRIL 5, 2024

The fact is, most business owners think of procurement as nothing more than a transactional relationship. Establish KPIs to track the quality of a vendor’s products and service, in addition to quantitative metrics such as timely deliveries, cost savings, and order accuracy. Regular meetings or reports?

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

Material Handling and Logistics

SEPTEMBER 27, 2018

Shippers need to keep operations flowing and use tools to handle the upsurge while keeping customers satisfied.”. The shorter the distance from where inventory resides to the end customer, the faster the delivery and the lower the cost. Kuebix offers 6 tips to fine-tune transportation strategies for the holidays: 1.

Supply Chain Software 161

Supply Chain Software Optimization Software Purchasing Skills Negotiating Skills 161

SYSPRO Smarter ERP

MAY 10, 2022

This should also integrate with inventory management and procurement so that goods are ordered in time and there is visibility over stock items. Managers should be able to analyze the costs of customized orders to identify where improvements can be made in labor hours worked, and other areas where costs can be lowered, such as reducing waste.

Manufacturing Procurement 111

Manufacturing Procurement ERP Procurement Solutions Optimal Sourcing 111

SYSPRO Smarter ERP

AUGUST 17, 2022

Manufacturers and distributors can optimize their inventory management using some of the latest emerging technologies, including machine learning, data analytics, artificial intelligence, and cloud computing. In industries like food and beverage, procurement must factor in shelf life and regulatory compliance, which adds more complexity.

Optimal Sourcing 105

Optimal Sourcing Optimization Software ERP Inventory Reduction 105

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. I saw how their platform unified finance and procurement activities, but not supply chain. I saw this claim as being more a statement of intention than of fact.

Supply Chain Design Software 135

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 135

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 118

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 118

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

FEBRUARY 11, 2021

As reported by DC Velocity , “the 2020 Fleet Advantage Industry Benchmark Survey noted, “11% of transportation fleets estimate they have saved more than $1 million in crash avoidance by upgrading to newer trucks with advanced safety features.” Financial insight feeds into equipment purchasing decisions. Request a SONAR Demo.

Procurement Analytics 98

Procurement Analytics Trucking Optimization Software Operations 98

Material Handling and Logistics

JANUARY 10, 2018

According to a recent study by Pew Research study, 80% of consumers make online purchases, compared to just 22% in 2000. As ERP systems hold innumerable amounts of data, companies will look to leverage that data for better analytics and business intelligence, especially within omnichannel and multi-channel environments.

Supply Chain Design Software 144

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 144

Logistics Viewpoints

AUGUST 28, 2024

AI and machine learning tools identify patterns, predict issues, and suggest ways to optimize operations. Overall, AI ensures that DPPs are not just a fixed record but an active tool for improving performance. Having a well-documented DPP also makes it easier to report to regulators and stakeholders.

Optimal Sourcing 150

Optimal Sourcing Optimization Software Supply Chain Software Optimization Modeling 150

WorkWave

JUNE 6, 2024

A fleet fuel card is specifically designed for businesses managing multiple vehicles, offering detailed expense tracking, customizable spending controls, and comprehensive reporting on fuel and maintenance expenses. Here are some of the benefits: Convenience: Fuel cards provide a convenient payment method for purchasing fuel.

Procurement Solutions 105

Procurement Solutions Expense Reduction Procurement Analytics Purchasing Skills 105

Logistics Viewpoints

APRIL 13, 2022

It seems like the worker-employer relationships at these facilities are being utilized by both sides as a tool for furthering interests with broader implications. It makes me wonder if this investor purchased the shares for the express purpose of using the ownership stake to push this agenda. Maybe, maybe not. But it made me wonder.

Purchasing Skills 147

Purchasing Skills Procurement Analytics Logistics Network Optimization Software Optimal Sourcing 147

WorkWave

JUNE 17, 2024

Email Marketing Email marketing is a crucial tool for pest control companies as it enables them to generate leads, maintain relationships with customers, and drive repeat traffic. Reporting and Analytics: Offers valuable reporting and analytics capabilities, allowing businesses to track key performance metrics and make data-driven decisions.

Optimal Sourcing 96

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96