Logistics Viewpoints

OCTOBER 17, 2024

Four key reasons why suppliers are critical for managing direct spend Innovation and Product Development: Suppliers often have deep knowledge about the materials, processes, and industry trends that can drive innovation. This may include developing shared roadmaps for product development, cost-saving innovations, and sustainability goals.

Supply Chain Planning Software 144

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 144

SYSPRO Smarter ERP

MAY 2, 2024

ERP trends 2024 – achieving business success through the use of innovative technologies Now that Artificial Intelligence and Machine Learning are firmly established, we expect to see a massive take-up of these technologies by manufacturers in 2024. The other emerging area around AI in ERP focuses on trend analysis and forecasting.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

Ship Monk

SEPTEMBER 13, 2024

As a third-party logistics (3PL) and fulfillment provider, we talk a lot about shipping discounts and cost savings for ecommerce businesses, but are these claims true? When you outsource to a 3PL, they build and maintain the infrastructure, and the costs are spread across hundreds or thousands of other ecommerce businesses just like yours.

Cost Reduction 58

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 58

Logistics Business Magazine

NOVEMBER 24, 2023

Things are changing in supply chain management: while cost-cutting has been at the top of the agenda for many executives for years, in future they will be increasingly concerned with the shortage of skilled workers, sustainability and resilience. At a glance: The top ten SCM trends in 2024 1. ERP silos are being dismantled 7.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Optimization Software 59

Logistics Business Magazine

DECEMBER 8, 2022

Additionally, the always present issues of shortage of skilled labour, supply chain disruptions and cost pressure also prove difficult. Ralf Duester, member of the board of the SCM software specialist Setlog, shows which trends will shape the year 2023. Cost awareness increases. Demand fluctuations force action.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Purchasing Skills 64

3PL Links

OCTOBER 15, 2024

Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. From delays to cost increases, logistics teams encounter a range of obstacles that can hinder efficiency and affect the entire supply chain.

Inventory Reduction 62

Inventory Reduction Logistics Network Optimization Software Supply Chain Software Expense Reduction 62

Logistics Viewpoints

OCTOBER 24, 2024

SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. It is a brilliant tool.” Their copilot-style solution is known as Joule.

SAP 143

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 143

Blue Grace Logistics

NOVEMBER 1, 2024

As more consumers and businesses move to online platforms for purchases, the shipping industry must adapt to new demands. LTL carriers handle multiple shipments from various vendors on a single route, helping save time and reduce costs by maximizing truck space.

Price Reduction 104

Price Reduction Vendor Strategies Supply Chain Planning Software Cost Reduction 104

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. Successful sales during this period come down to many factors.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. Successful sales during this period come down to many factors.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

Logistics Viewpoints

JUNE 8, 2023

Technology for All In a retail era dominated by e-commerce giants, customer expectations have shifted towards instant product delivery at no cost. Previously, only large companies such as Amazon and FedEx possessed the network and scale required for cost-effective same-day and next-day shipping.

Modeling Software 135

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 135

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 117

Supply Chain Software Logistics Network Optimization Software Supply Chains Trends 117

GoShip Blog

NOVEMBER 25, 2022

There are several shipping pricing methods for e-commerce businesses–each with its strengths and weaknesses. Flat-rate shipping is a pricing method where the shipping fee depends on the size of the box or envelope rather than the item’s dimensional weight. Pros and Cons of Flat-Rate Shipping Method. Pros of Flat-Rate Shipping.

Price Reduction 52

Price Reduction Purchasing Skills Cost Reduction Expense Reduction 52

Talking Logistics

MARCH 21, 2019

According to Nasdaq, by 2040, 95% of purchases will be facilitated through e-commerce. Top trends shaping e-commerce in 2019: Improved shopping experience on mobile devices. Various means of communicating with customers include social media, chatbots, and other virtual tools. Augmented reality.

Trends 136

Trends Optimization Software Logistics Network Optimization Software Procurement Solutions 136

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. All of the above pressures culminate in rising operational costs – from ?labor, Talent gaps: ? One of the key drivers is the aging workforce leaving for retirement. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Negotiating Skills 83

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 83

LandLink

NOVEMBER 18, 2020

Without the autonomous hardware that promises to supersede traditional road transportation, they are instead leveraging digital tools to improve the performance of manually executed deliveries and reduce lead times from days to hours, with 24 being today’s bargain-basement service level. How are logistics professional going to keep this pace?

Logistics Network Optimization Software 72

Logistics Network Optimization Software Trends Procurement Solutions Sourcing Strategies 72

SIPMM Professional Publications

OCTOBER 9, 2020

Sustainability is one of the most important trends of our time that is set to dominate business discussions and decisions making for a long-term basis. From this point of view, a new competitive tool called sustainability emerged.

Procurement Solutions 137

Procurement Solutions Procurement Purchasing Skills Reliability 137

Transporeon

FEBRUARY 12, 2019

And just in time: We’ve seen some interesting bidding trends over the last year or so, especially in the domestic trucking industry, where: 2017-2018’s lack of trucking capacity—a large part of shippers’ bidding activity—meant shippers went to bid not only earlier, but in much greater volume than previous years (a 15% YOY increase in 2018).

Optimization Software 48

Optimization Software Modeling Software Logistics Network Optimization Software Optimal Sourcing 48

Transporeon

FEBRUARY 12, 2019

And just in time: We’ve seen some interesting bidding trends over the last year or so, especially in the domestic trucking industry, where: 2017-2018’s lack of trucking capacity—a large part of shippers’ bidding activity—meant shippers went to bid not only earlier, but in much greater volume than previous years (a 15% YOY increase in 2018).

Optimization Software 48

Optimization Software Modeling Software Logistics Network Optimization Software Optimal Sourcing 48

Ship Monk

SEPTEMBER 19, 2022

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. It wasn’t until your business took off and they kicked you out that you began incurring holding costs a.k.a. carrying costs, and needed to learn what those are. So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

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. Recent statistics have revealed a surge in sales across the United States , indicating a growing trend that has caught the attention of both consumers and retailers alike.

Inventory Reduction 141

Inventory Reduction Supply Chain Planning Software Inventory Waste Reduction 141

Logistics Viewpoints

AUGUST 28, 2024

These passports document all aspects of the life cycle – from the sourcing of raw materials to final disposal or recycling. Information must be collected at each stage of a product’s life, including material sourcing, energy use, and environmental impact. What Components Comprise a Digital Product Passport?

Optimal Sourcing 149

Optimal Sourcing Optimization Software Supply Chain Software Optimization Modeling 149

Stord

NOVEMBER 13, 2024

In addition to the surge of demand during this tight holiday window, brands have offered earlier offerings and expanded the sales period to encourage a longer shopping period enabling end consumers to allocate more towards holiday purchases. This trend was compounded further in recent years. Billion globally in 2024.

Inventory Reduction 148

Inventory Reduction How To Cost Reduction Procurement Solutions 148

FreightWaves SONAR

JANUARY 5, 2021

Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Operating Ratio.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

Freightos

SEPTEMBER 17, 2024

Yes, I know that is bucking the trend. And if the user has to enter the same data into a chatbot that they would enter into a pricing tool to generate a quote, then they’ll just use the pricing tool. The existing products in this area are priced competitively in relation to labor costs in developed countries.

Supply Chain Software 114

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 114

Logistics Business Magazine

DECEMBER 13, 2023

Leading freight forwarding and logistics company, Davies Turner is launching the tried-and-tested point of origin quality control and compliance procedures developed for clients sourcing from Turkey, into a new operation for clients sourcing from Morocco.

Supply Chain Design Software 58

Supply Chain Design Software Purchasing Skills Procurement Solutions Supply Chain Software 58

GoShip Blog

JULY 1, 2021

By helping potential customers find, review, and purchase the right product with marketing strategies, dropshippers will mark up the price of products offered by third-party suppliers. Start honing your marketing skills, and you’ll start raking in customers. . Low overhead costs. Flexible operations. link] .

Purchasing Skills 98

Purchasing Skills Inventory Reduction Price Reduction Sourcing Strategies 98

EazyStock

DECEMBER 17, 2019

Intro to 2020 Supply Chain Management Trends. Throughout the last decade, the main trends were digitization and globalization. 2020 supply chain management trends will further these shifts. 2020 supply chain management trends will further these shifts. Greening” the Supply Chain.

Supply Chain Software 81

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 81

Conger

MARCH 28, 2024

Here are the new trends in technologies that continue to impact fleet management practices: Autonomous vehicles : I am sure you have already seen autonomous vehicles used in military applications or niche logistics. MaaS can lead to cost-minimization of transport services like public transportation, rental, and sharing offerings.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

Logistics Viewpoints

AUGUST 22, 2022

To cut the inventory, the company has slashed prices on overstocked items. LIFO matches the rising price to acquire inventory against revenues. In times of high inflation, LIFO alleviates the “inventory profit” that would result if old inventory, purchased at a lower price, was used to calculate profits.

Supply Chain Planning Software 126

Supply Chain Planning Software Supply Chain Software Supply Chains Purchasing Skills 126

WorkWave

FEBRUARY 20, 2024

Grasping the Fundamentals From labor costs that hinge on the median electrician’s pay of $27.36 per hour to ensuring your estimates cover both material costs and overhead, mastery over this estimating process is crucial. When it comes to electrical work, understanding the costs involved is crucial for planning your budget.

Negotiating Skills 52

Negotiating Skills Purchasing Skills How To Modeling Software 52

SYSPRO Smarter ERP

SEPTEMBER 1, 2022

While the concept of reshoring, also known as onshoring, has been a growing trend over the past decade, when the pandemic hit it introduced risk in a way that wasn’t previously considered. Multi-sourcing became more palpable as single sourcing – especially offshore – was understood to be a risky strategy.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Supply Chain Software 105

WorkWave

AUGUST 24, 2022

Some tools are required for the job, and then there are tools you can have that will make your job easier. Every chimney sweep has a wish list, yet there are several essential tools that every professional sweep should have. We have assembled a list of essential tools for all chimney sweeps, some of which are mandatory.

Modeling Software 52

Modeling Software Procurement Solutions Tools Eliminating Excel in Purchasing 52

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. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

WorkWave

MAY 30, 2024

The key components of SRM include evaluating vendor relationships, improving vendor performance, and cultivating better working relationships: Evaluating vendor relationships enables a manufacturing business to identify and select the most suitable suppliers based on their quality, reliability, and cost.

Negotiate Pricing 52

Negotiate Pricing Vendor Strategies Negotiating Skills Material Savings 52

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! Which tools should we use?

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62