ShipBob

APRIL 18, 2024

Therefore if your product’s value is under a country’s particular threshold, it may be considered tax and duty-free. However, as appealing as it sounds, businesses must continually keep on top of changing thresholds and ensure their products are being valued appropriately. What is the de minimis threshold value?

Price Reduction 98

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 98

The Logistics & Supply Chain Management Society

APRIL 26, 2022

While it’s encouraging that more than half (63%) of European retailers say it’s important for their business to be seen as eco-friendly, according to a report by Sendcloud , only a tiny minority of EU retailers currently offer green delivery options. CARBON CALCULATION TOOLS FOR E-COMMERCE PARCELS.

Shipping 243

Shipping Material Savings Procurement Analytics Waste Reduction 243

Logility

SEPTEMBER 13, 2023

The founders had been in the enterprise software space and business planning space for decades and had come to the painful realization that technology was truly holding back this domain. None of the user-friendliness and AI that has become common in the consumer space had made its way to enterprise business planning. Almost none do.

Supply Chain Planning Software 155

Supply Chain Planning Software Forecasting Software Demand Planning Software Scenario Planning 155

ToolsGroup

MARCH 15, 2023

Nearly all traditional inventory management applications calculate safety stock for each individual SKU-Location combination. A common method is a 3×3 matrix with the cost value on the Y axis and order-lines on the X axis, a so called “double” ABC classification. Let us think about this for a moment. Workload getting too heavy?

Inventory Reduction 156

Inventory Reduction Inventory Management Software Modeling Inventory Management 156

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Whilst people spend years learning the art of counting money, and businesses grapple on how to account for their revenues and expenses, counting carbon is a relatively new concept. Does your business activity directly release greenhouse gases into the atmosphere? Business travel is also in this scope. Challenges.

Vendor Strategies 246

Vendor Strategies Purchasing Skills Pricing Training Optimal Sourcing 246

Supply Chain Shaman

APRIL 27, 2022

Business leaders are action-oriented and competitive. A potential value of a digital twin.). I built value cases for sales. To calculate the benefits of the potential value of implementing a planning system, I benchmarked companies to their respective peer groups. The reason? Accounting for Economies of Scale.

Procurement Analytics 332

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 332

Logility

MAY 5, 2023

However, inventory strategies need much more attention to drive true value realization across the business,” Balte forewarns. A calculated approach to inventory management Recent complications in inventory management are compelling business leaders to learn as much as they can about their competitors’ strategies and best practices.

Inventory Reduction 130

Inventory Reduction Vendor Strategies Resource Reduction Price Reduction 130

AIMMS

FEBRUARY 1, 2021

To do this, we built two representative models of a business. While businesses differ in complexity and size, for this exercise we extrapolated based on these $7.5Bn baselines. While businesses differ in complexity and size, for this exercise we extrapolated based on these $7.5Bn baselines. Looking into opportunities.

Network Design Software 290

Network Design Software Supply Chain Design Software Supply Chain Network Software Network Design 290

Supply Chain Shaman

JULY 19, 2020

In the review of my first book, Bricks Matter , Keith Harrison, former Global Director of Product Supply at P&G asked me, “You mention the need for supply chains to shift from a focus on cost to value. How do you define value?” Leaders design a response based on the business model. I did not have a good answer.

Supply Chain Design Software 400

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 400

Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. Days Sales of Inventory is a calculation to work out the average period of time (in days) that it takes for a business to sell its products or inventory.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Logility

AUGUST 14, 2023

When it comes to implementing supply chain planning and operations solutions, success relies heavily upon an organization’s ability to identify and document its desired value measures and outcomes, and to align those with its solutions provider. 1 Co-develop a business case with vendors. 5 Hold one another accountable.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Procurement Solutions 202

Unleashed

MAY 2, 2022

Explore our live inventory calculators and formulas page. If you want to make objective, evidence-based strategic decisions about what to do with your business, you need to be using real inventory KPIs. Running a leaner business – as you’ve got a better grip on your inventory and processes, enabling you to trim the fat.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Arena Solutions

FEBRUARY 22, 2024

As regulations rapidly increase across the globe , manufacturers need to demonstrate a strong dedication to sustainability by incorporating it into the very core of their business models, resulting in transformative effects. The key to achieving this delicate equilibrium lies in leveraging the right tools.

Waste Reduction 100

Waste Reduction Supply Chain Design Software Supply Chain Planning Software Demand Planning Software 100

Unleashed

OCTOBER 8, 2023

Opening inventory, correctly calculated, is an essential figure for determining the costs and profitability of your business. It can be used to calculate the cost of goods sold and other useful inventory reports. When calculated correctly, opening inventory should equal the ending inventory from the previous accounting period.

Inventory Reduction 52

Inventory Reduction Inventory Procurement Analytics How To 52

Demand Solutions

FEBRUARY 21, 2019

However, this is exactly why some of the best-run and most profitable businesses are so focused on holding the optimal amount of safety stock. For those of you who do hold safety stock: how do you calculate it? If so, do you know how they calculated it, and which formula they used?

Forecasting 189

Forecasting Modeling Forecasting Software Supply Chain Planning Software 189

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

Vivien Cheong, Regional Business Development Manager of Arcstone, (arcstone.co) led me past the neat gadgetry on display and under development in the lab testing areas to where her company sits on the 4th floor. For the factory itself, there is some neat calculating going on which takes the raw materials, the water, and the energy used.

Optimal Sourcing 246

Optimal Sourcing Optimization Software Real-time Visibility Logistics Network Optimization Software 246

Unleashed

FEBRUARY 12, 2024

With a simple calculation, you can understand what it costs to store and maintain goods. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth. Effective management of carrying costs is essential for optimising inventory levels and overall business success.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

DELMIA Quintiq

DECEMBER 28, 2020

In part 1 of my blog on Planning the Value Chain and Decision Making in Times of Disruption, the focus was on the ability to react and execute amidst the unpredictability of demand. Part 2 in the series explores the “analytical scenario exercise” and how decisions based on certain scenarios heavily impact each aspect of the value chain.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Modeling Prescriptive Analytics Software 296

ShipBob

OCTOBER 16, 2023

How to calculate reorder points ShipBob keeps reorder points simple Reorder point formula FAQs Maintaining proper inventory levels is an elegant dance that must balance consumer demand and supplier reliability. By calculating reorder points for each product. Table of Contents ** Minutes What is a reorder point (ROP)?

Forecasting Software 98

Forecasting Software Inventory Management Software Demand Planning Software Supply Chain Planning Software 98

ShipBob

APRIL 15, 2024

However, sales alone aren’t enough to grow your business – let alone keep it afloat. To keep your business going, it needs to be profitable. By calculating and tracking your GMROI, you can make more informed decisions on pricing, budgeting, and inventory spending, so that your business can not only survive, but thrive.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Supply Chain Trend

AUGUST 30, 2023

Forecasters and planners are involved in decision making, but make limited decisions with direct business impact themselves. Without this, multiple forecast and planning options – as advanced as they may be – remain calculations, maybe insights or, at best, recommendations. A forecast is an insight or a foresight, a plan is an intent.

Forecasting 78

Forecasting Supply Chain Planning Scenario Planning Journal 78

Enterra Insights

FEBRUARY 24, 2022

Quantum computing may sound like science fiction (especially the weird principles on which it relies); nevertheless, businesses are beginning to pay attention. Tech giants like IBM, Google, Alibaba, Microsoft Amazon, and different organizations are in the competition to adapt quantum computing as an ordinary tool for business.”

Trends 325

Trends Supply Chain Planning Software Analytics Software Predictive Analytics Software 325

Taulia

SEPTEMBER 8, 2023

Blog Expert Advice 8 min read 8 Sep 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard How to calculate working capital Working capital is essential for the day-to-day operations of a company. Calculating working capital is straightforward.

How To 52

How To Inventory Reduction Expense Reduction Material Savings 52

Unleashed

JANUARY 31, 2023

In-transit inventory is a frequently overlooked aspect of inventory management and accounting for product businesses. Let’s break down what it is, how to calculate its value, plus a few tricks for smarter management of in-transit goods. What is in-transit inventory?

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Supply Chain Planning Software 98

Logistics Viewpoints

MAY 19, 2022

Operational innovations like the invention of containers led to the huge growth in global value chains, and today 95% of manufactured goods move on ships. Work planners previously did manually can be calculated by software. If you’re a business leader, why do you care about better math? Why supply chain optimization matters.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

Logistics Viewpoints

OCTOBER 2, 2023

Ever since I first met Mr. Elenjickal, he has always believed that the value from a real-time visibility solution is not visibility, the key is real-time decision making. Achieving these kinds of granular visibility requires deeper integration into a wide variety of customer business applications. How Do You Spell ROI?

Real-time Visibility 219

Real-time Visibility Supply Chain Visibility Inventory Reduction Agile and Lean Supply Chain 219

Enterra Insights

OCTOBER 24, 2023

.” Uncertainty and anxiety can be found on many levels — from the international stage to the sales floor of a small business. Moore , the Lorraine Tyson Mitchell Chair in Leadership at the Haas School of Business at the University of California at Berkeley, and Max H. Don’t try to go it alone. ”[7] 6.

Supply Chain Planning Software 130

Supply Chain Planning Software Scenario Planning Cost Reduction Strategies Predictive Analytics Software 130

Unleashed

JANUARY 16, 2024

Without it, you’ll struggle to achieve an accurate measure of how well your business is doing. This guide breaks down how landed cost is calculated, why it matters, and strategic ways to lower your landed costs and increase profitability. The method for calculating landed costs can vary. Let’s dive in. What is landed cost?

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

Logistics Viewpoints

JUNE 15, 2021

Real-world uses of AI in business have exploded in the past decade, but few of those applications are focused on warehousing and distribution. ELS-based systems are programmed to calculate expected work completion times for a given task or group of tasks.

Warehousing 218

Warehousing Optimal Sourcing Supply Chain Planning Software Modeling Software 218

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. The inventory turnover period for your business divides the days within the sales period by your inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

EazyStock

MAY 24, 2022

Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and hitting fulfillment targets. This post, however, will focus on the financial aspect of inventory: inventory value – taking an accountant’s view of how to manage stock effectively. What is inventory value?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Management Inventory 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

The four concepts are scenario analysis (context), value chain mapping (scope), enabler prioritisation (focus), and partnership selection (synergies) (Figure 1). Adopt a value-chain focus to tackle decarbonisation. Taking a value chain perspective is critical to understanding decarbonisation enablers.

Material Savings 147

Material Savings Resource Reduction Cost Reduction Strategies Sourcing Strategies 147

ivalua

JANUARY 30, 2023

Scope 3 emissions include the indirect emissions from an organization’s value chain. Scope 3 emissions are the largest source of greenhouse gas (GHG) emissions for an organization–extracted from a wide range of activities–including purchased goods and services, waste disposal, capital goods, and business travel.

Procurement Analytics 130

Procurement Analytics Waste Reduction Vendor Strategies Optimal Sourcing 130

ivalua

JANUARY 30, 2023

Scope 3 emissions include the indirect emissions from an organization’s value chain. Scope 3 emissions are the largest source of greenhouse gas (GHG) emissions for an organization–extracted from a wide range of activities–including purchased goods and services, waste disposal, capital goods, and business travel.

Procurement Analytics 130

Procurement Analytics Waste Reduction Vendor Strategies Optimal Sourcing 130

Unleashed

MARCH 2, 2022

In what could be a shift from ‘just-in-time’ to ‘just-in-case’ stock models, analysis of 521 SME manufacturers found that the overall value of stock rose by 34 per cent between 2020 and 2022, while overall domestic demand* dropped 6.8 per cent and average product value** remained consistent. Supply Chain Management is changing.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Disruption Modeling Agile and Lean Supply Chain 98

Enterra Insights

JANUARY 12, 2023

Industrial nations built factories and furnished farms with new mechanical tools and systems that were very different from those used in the agrarian era: tractors, steam powered engines, the railroad, telegraph, and much more formed the basis of modern society and business.” Farmers are, first and foremost, business people.

Analytics Software 130

Analytics Software Modeling Software Optimization Software Forecasting Software 130

SupplyShift

FEBRUARY 6, 2024

Transition from rudimentary spend-based emissions factors to value-driven strategies for actionable change using the Product Carbon Footprint Assessment– designed to engage your suppliers for product-level carbon footprint insights. Assist suppliers in their PCF calculation journey with recommendations, tools, and resources.

Resource Reduction 52

Resource Reduction Supply Chain Design Software Supply Chain Software Supply Chain Design 52